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Thornburg Investment Management Portfolio holdings

AUM $9.63B
1-Year Est. Return 35.65%
This Fund
S&P 500
This Quarter Est. Return
+10.4%
1 Year Est. Return
+35.65%
3 Year Est. Return
+112.18%
5 Year Est. Return
+128.98%
10 Year Est. Return
+499.61%
AUM
$10.4B
AUM Growth
+$28.5M
Cap. Flow
-$879M
Cap. Flow %
-8.46%
Top 10 Hldgs %
38.14%
Holding
186
New
16
Increased
54
Reduced
84
Closed
15

Top Buys

Rank Stock Value
1
TCOM icon
Trip.com Group
TCOM
+$46M
2
COO icon
Cooper Companies
COO
+$38.6M
3
AVGO icon
Broadcom
AVGO
+$28.4M
4
TEAM icon
Atlassian
TEAM
+$28.1M
5
PBR icon
Petrobras
PBR
+$25.8M

Top Sells

Rank Stock Value
1
EQH icon
Equitable Holdings
EQH
+$255M
2
ARCC icon
Ares Capital
ARCC
+$215M
3
TRGP icon
Targa Resources
TRGP
+$65.9M
4
T icon
AT&T
T
+$57.4M
5
TAL icon
TAL Education Group
TAL
+$57M

Sector Composition

Rank Sector Weight
1 Financials 20.46%
2 Consumer Discretionary 14.59%
3 Technology 14.35%
4 Healthcare 13.83%
5 Real Estate 9.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GLD icon
151
SPDR Gold Trust
GLD
$144B
$503K ﹤0.01%
3,519
– –
NEE icon
152
NextEra Energy
NEE
$179B
$444K ﹤0.01%
7,328
+964
+15% +$56.3K
DBB icon
153
Invesco DB Base Metals Fund
DBB
$316M
$443K ﹤0.01%
29,684
– –
LMT icon
154
Lockheed Martin
LMT
$140B
$436K ﹤0.01%
1,120
– –
EQIX icon
155
Equinix
EQIX
$105B
$419K ﹤0.01%
717
-10
-1% -$5.62K
VEU icon
156
Vanguard FTSE All-World ex-US ETF
VEU
$70.5B
$346K ﹤0.01%
6,434
+4,975
+341% +$258K
PAC icon
157
Grupo Aeroportuario del Pacifico
PAC
$12.8B
$327K ﹤0.01%
2,758
+267
+11% +$28.3K
BSX icon
158
Boston Scientific
BSX
$74.5B
$277K ﹤0.01%
6,135
– –
USO icon
159
United States Oil Fund
USO
$1.8B
$268K ﹤0.01%
2,611
-1,800
-41% -$171K
VEA icon
160
Vanguard FTSE Developed Markets ETF
VEA
$238B
$265K ﹤0.01%
6,025
-369
-6% -$15.7K
CARG icon
161
CarGurus
CARG
$3.29B
$209K ﹤0.01%
+5,955
New +$211K
MELI icon
162
Mercado Libre
MELI
$92.7B
$208K ﹤0.01%
364
+179
+97% +$99.1K
KLAC icon
163
KLA
KLAC
$272B
$196K ﹤0.01%
11,000
-2,310
-17% -$38.7K
DBA icon
164
Invesco DB Agriculture Fund
DBA
$1.24B
$186K ﹤0.01%
11,207
-11,100
-50% -$179K
BUD icon
165
AB InBev
BUD
$156B
$170K ﹤0.01%
2,076
+204
+11% +$17K
SU icon
166
Suncor Energy
SU
$74.7B
$148K ﹤0.01%
4,529
– –
MMYT icon
167
MakeMyTrip
MMYT
$5.67B
$141K ﹤0.01%
6,149
+619
+11% +$15K
VNET
168
VNET Group
VNET
$2.11B
$45K ﹤0.01%
+6,274
New +$47.6K
LUMN icon
169
Lumen
LUMN
$6.49B
$30K ﹤0.01%
2,237
-232
-9% -$3.11K
VXUS icon
170
Vanguard Total International Stock ETF
VXUS
$164B
$30K ﹤0.01%
+538
New +$28.9K
QQQ icon
171
Invesco QQQ Trust
QQQ
$481B
$24K ﹤0.01%
+114
New +$22.8K
ALK icon
172
Alaska Air
ALK
$5.29B
– –
-108,723
Closed -$7.06M
APO icon
173
Apollo Global Management
APO
$81.9B
– –
-469,852
Closed -$17.8M
BIDU icon
174
Baidu
BIDU
$35.6B
– –
-121
Closed -$12K
CTSH icon
175
Cognizant
CTSH
$26.2B
– –
-325,369
Closed -$19.6M
4 5 6
7
8

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TCA
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CCMT
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LAMI
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DCP
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HL
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FCM
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CCM
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Thornburg Investment Management's Q4 2019 Portfolio in Review

As of Q4 2019, Thornburg Investment Management held 186 positions worth $10.4B, up 0.28% from $10.4B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Thornburg Investment Management withdrew a net $879M in Q4 2019, closing 15 positions and reducing 84 holdings. Its most notable exit was Equitable Holdings, an estimated $255M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Thornburg Investment Management opened a new position in Trip.com Group worth $47.9M.

  • Thornburg Investment Management's largest Q4 2019 buy was Trip.com Group: 1,427,030 shares worth $47.9M.
  • Thornburg Investment Management added most to Broadcom in Q4 2019, an estimated $28.4M increase.
  • Thornburg Investment Management's biggest Q4 2019 reduction was Ares Capital, cutting an estimated $215M.
  • Thornburg Investment Management fully exited Equitable Holdings in Q4 2019, selling an estimated $255M.
  • Thornburg Investment Management's ten largest holdings make up 38% of its $10.4B portfolio in Q4 2019.
  • Thornburg Investment Management opened 16 new positions and closed 15 in Q4 2019.
  • Thornburg Investment Management's portfolio value rose 0.28% quarter-over-quarter to $10.4B.

Based on Thornburg Investment Management's 13F filing for Q4 2019, filed 10 Feb 2020.