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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
+23.75%
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
$7.79B
AUM Growth
+$795M
Cap. Flow
-$557M
Cap. Flow %
-7.16%
Top 10 Hldgs %
37.71%
Holding
183
New
20
Increased
30
Reduced
92
Closed
24

Top Buys

Rank Stock Value
1
C icon
Citigroup
C
+$148M
2
CSCO icon
Cisco
CSCO
+$93.1M
3
LHX icon
L3Harris
LHX
+$75.1M
4
MA icon
Mastercard
MA
+$70.1M
5
DIS icon
Walt Disney
DIS
+$50.7M

Top Sells

Rank Stock Value
1
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$190M
2
MRK icon
Merck
MRK
+$103M
3
BABA icon
Alibaba
BABA
+$84.1M
4
SE icon
Sea Limited
SE
+$54.3M
5
CCI icon
Crown Castle
CCI
+$52.6M

Sector Composition

Rank Sector Weight
1 Financials 23.77%
2 Technology 20.2%
3 Healthcare 15.51%
4 Consumer Discretionary 12.66%
5 Communication Services 8.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DBA icon
151
Invesco DB Agriculture Fund
DBA
$1.24B
$151K ﹤0.01%
11,207
– –
MO icon
152
Altria Group
MO
$107B
$149K ﹤0.01%
+3,800
New +$148K
D icon
153
Dominion Energy
D
$59.8B
$143K ﹤0.01%
+1,764
New +$141K
VZ icon
154
Verizon
VZ
$195B
$143K ﹤0.01%
+2,600
New +$146K
LMT icon
155
Lockheed Martin
LMT
$140B
$141K ﹤0.01%
+386
New +$146K
NVDA icon
156
NVIDIA
NVDA
$5.43T
$107K ﹤0.01%
+11,240
New +$90.9K
ELAN icon
157
Elanco Animal Health
ELAN
$11.1B
$82K ﹤0.01%
3,830
– –
TMUSR
158
DELISTED
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
$60K ﹤0.01%
+359,424
New +$101K
ACWI icon
159
iShares MSCI ACWI ETF
ACWI
$33.4B
$21K ﹤0.01%
281
-840
-75% -$58.6K
ALKS icon
160
Alkermes
ALKS
$8.44B
– –
-1,055,735
Closed -$15.2M
BCS icon
161
Barclays
BCS
$94.4B
– –
-8,739
Closed -$40K
BKLN icon
162
Invesco Senior Loan ETF
BKLN
$6.75B
– –
-77,325
Closed -$1.58M
CPRI icon
163
Capri Holdings
CPRI
$1.77B
– –
-333,790
Closed -$3.6M
CRM icon
164
Salesforce
CRM
$158B
– –
-127,716
Closed -$18.4M
FIS icon
165
Fidelity National Information Services
FIS
$21.6B
– –
-412
Closed -$50K
GILD icon
166
Gilead Sciences
GILD
$168B
– –
-534,689
Closed -$40M
HYG icon
167
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
– –
-162,871
Closed -$12.6M
ING icon
168
ING
ING
$102B
– –
-1,179,308
Closed -$6.07M
LULU icon
169
lululemon athletica
LULU
$13.7B
– –
-551
Closed -$104K
LUMN icon
170
Lumen
LUMN
$6.49B
– –
-2,237
Closed -$21K
NOC icon
171
Northrop Grumman
NOC
$82B
– –
-1,498
Closed -$453K
SCI icon
172
Service Corp International
SCI
$11.5B
– –
-8,156
Closed -$319K
SPY icon
173
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-63,342
Closed -$16.3M
SU icon
174
Suncor Energy
SU
$74.7B
– –
-4,529
Closed -$72K
TCOM icon
175
Trip.com Group
TCOM
$28.7B
– –
-197,330
Closed -$4.63M
4 5 6
7
8

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SC
Sculptor Capital New York $9.61B AUM 27.5% 1-Year Est. Return
TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return
CCMT
CMT Capital Markets Trading Frankfurt, Germany $9.56B AUM 21.2% 1-Year Est. Return
LAMI
Longview Asset Management (Illinois) Chicago, Illinois $9.56B AUM 25.94% 1-Year Est. Return
DCP
Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return
HL
Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return
FCM
Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return
CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return

Thornburg Investment Management's Q2 2020 Portfolio in Review

As of Q2 2020, Thornburg Investment Management held 183 positions worth $7.79B, up 11% from $6.99B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Thornburg Investment Management withdrew a net $557M in Q2 2020, closing 24 positions and reducing 92 holdings. Its most notable exit was Gilead Sciences, an estimated $40M position sold in full.

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

Against the trend, Thornburg Investment Management opened a new position in Cisco worth $99M.

  • Thornburg Investment Management's largest Q2 2020 buy was Cisco: 2,122,841 shares worth $99M.
  • Thornburg Investment Management added most to Citigroup in Q2 2020, an estimated $148M increase.
  • Thornburg Investment Management's biggest Q2 2020 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $190M.
  • Thornburg Investment Management fully exited Gilead Sciences in Q2 2020, selling an estimated $40M.
  • Thornburg Investment Management's ten largest holdings make up 38% of its $7.79B portfolio in Q2 2020.
  • Thornburg Investment Management opened 20 new positions and closed 24 in Q2 2020.
  • Thornburg Investment Management's portfolio value rose 11% quarter-over-quarter to $7.79B.

Based on Thornburg Investment Management's 13F filing for Q2 2020, filed 7 Aug 2020.