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Thornburg Investment Management Portfolio holdings

AUM $10.5B
1-Year Est. Return 30.38%
This Fund
S&P 500
This Quarter Est. Return
+7.12%
1 Year Est. Return
+30.38%
3 Year Est. Return
+116.63%
5 Year Est. Return
+136.23%
10 Year Est. Return
+541.94%
AUM
$9.63B
AUM Growth
+$1.71B
Cap. Flow
+$1.48B
Cap. Flow %
15.36%
Top 10 Hldgs %
58.55%
Holding
197
New
21
Increased
69
Reduced
69
Closed
26

Top Buys

Rank Stock Value
1
TTE icon
TotalEnergies
TTE
+$891M
2
AZN icon
AstraZeneca
AZN
+$502M
3
T icon
AT&T
T
+$53.4M
4
TRP icon
TC Energy
TRP
+$41M
5
BKNG icon
Booking.com
BKNG
+$32.4M

Top Sells

Rank Stock Value
1
MRX
Marex Group Limited Ordinary Shares
MRX
+$27.4M
2
TDG icon
TransDigm Group
TDG
+$23.6M
3
FLUT icon
Flutter Entertainment
FLUT
+$14.2M
4
TTAN
ServiceTitan Inc
TTAN
+$13.2M
5
CVSA
Covista Inc
CVSA
+$12.8M

Sector Composition

Rank Sector Weight
1 Financials 21%
2 Energy 18.33%
3 Healthcare 16.34%
4 Technology 15.06%
5 Communication Services 12.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STLA icon
126
Stellantis
STLA
$20.2B
$1.97M 0.02%
278,210
-18,114
-6% -$152K
NVDA icon
127
NVIDIA
NVDA
$5.46T
$1.76M 0.02%
10,105
-807
-7% -$148K
LBRT icon
128
Liberty Energy
LBRT
$3.45B
$1.74M 0.02%
60,352
-2,530
-4% -$64.5K
SLB icon
129
SLB Ltd
SLB
$77.3B
$1.7M 0.02%
33,154
-2,252
-6% -$109K
AAMI
130
Acadian Asset Management
AAMI
$3.31B
$1.51M 0.02%
+27,786
New +$1.46M
RPRX icon
131
Royalty Pharma
RPRX
$26.1B
$1.51M 0.02%
+31,409
New +$1.38M
VSXY
132
Victoria's Secret
VSXY
$7.24B
$1.49M 0.02%
+32,032
New +$1.79M
TME icon
133
Tencent Music
TME
$14.2B
$1.41M 0.01%
+151,834
New +$2.24M
V icon
134
Visa
V
$682B
$1.26M 0.01%
4,166
– –
GKOS icon
135
Glaukos
GKOS
$11.2B
$1.17M 0.01%
10,886
-36,839
-77% -$4.15M
HEI.A icon
136
HEICO Corp Class A
HEI.A
$38.1B
$1.16M 0.01%
+5,512
New +$1.36M
IOT icon
137
Samsara
IOT
$24B
$1.14M 0.01%
35,873
-55,462
-61% -$1.69M
RDDT icon
138
Reddit
RDDT
$30.4B
$1.14M 0.01%
+8,431
New +$1.43M
PGR icon
139
Progressive
PGR
$121B
$1.12M 0.01%
+5,670
New +$1.17M
TS icon
140
Tenaris
TS
$26.6B
$977K 0.01%
16,792
-4,505
-21% -$222K
MIR icon
141
Mirion Technologies
MIR
$3.88B
$959K 0.01%
51,597
-174,612
-77% -$3.94M
GWRE icon
142
Guidewire Software
GWRE
$15.2B
$881K 0.01%
+5,891
New +$896K
TPR icon
143
Tapestry
TPR
$25.9B
$865K 0.01%
+6,130
New +$869K
VEEV icon
144
Veeva Systems
VEEV
$41B
$844K 0.01%
+4,803
New +$944K
STEP icon
145
StepStone Group
STEP
$4.28B
$774K 0.01%
16,225
-54,912
-77% -$3.17M
ZTS icon
146
Zoetis
ZTS
$31.3B
$688K 0.01%
5,816
– –
PODD icon
147
Insulet
PODD
$10.2B
$682K 0.01%
3,249
-10,993
-77% -$2.76M
ICLR icon
148
Icon
ICLR
$12.9B
$665K 0.01%
6,010
-48,163
-89% -$6.58M
WPM icon
149
Wheaton Precious Metals
WPM
$59.9B
$638K 0.01%
+4,868
New +$677K
NVS icon
150
Novartis
NVS
$288B
$628K 0.01%
4,114
-775
-16% -$119K
4 5
6
7 8

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RA
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RI
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HRCM
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HI
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MF
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MPI
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URS
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Thornburg Investment Management's Q1 2026 Portfolio in Review

As of Q1 2026, Thornburg Investment Management held 197 positions worth $9.63B, up 22% from $7.93B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Thornburg Investment Management deployed $1.48B of net new capital in Q1 2026, opening 21 new positions and adding to 69 existing holdings. Its largest new stake was TotalEnergies: 11,660,983 shares worth $1.09B.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 27% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was Marex Group Limited Ordinary Shares, an estimated $27.4M trimmed.

  • Thornburg Investment Management's largest Q1 2026 buy was TotalEnergies: 11,660,983 shares worth $1.09B.
  • Thornburg Investment Management added most to AstraZeneca in Q1 2026, an estimated $502M increase.
  • Thornburg Investment Management's biggest Q1 2026 reduction was Marex Group Limited Ordinary Shares, cutting an estimated $27.4M.
  • Thornburg Investment Management fully exited Flutter Entertainment in Q1 2026, selling an estimated $14.2M.
  • Thornburg Investment Management's ten largest holdings make up 59% of its $9.63B portfolio in Q1 2026.
  • Thornburg Investment Management opened 21 new positions and closed 26 in Q1 2026.
  • Thornburg Investment Management's portfolio value rose 22% quarter-over-quarter to $9.63B.

Based on Thornburg Investment Management's 13F filing for Q1 2026, filed 12 May 2026.