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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
+8.23%
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
$7.56B
AUM Growth
-$223M
Cap. Flow
-$685M
Cap. Flow %
-9.05%
Top 10 Hldgs %
38.68%
Holding
179
New
20
Increased
21
Reduced
109
Closed
15

Top Buys

Rank Stock Value
1
VNET
VNET Group
VNET
+$45.7M
2
RACE icon
Ferrari
RACE
+$39.6M
3
CIM
Chimera Investment
CIM
+$28.8M
4
FNV icon
Franco-Nevada
FNV
+$24.1M
5
NIO icon
NIO
NIO
+$20.5M

Top Sells

Rank Stock Value
1
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$83.9M
2
CCI icon
Crown Castle
CCI
+$63.4M
3
QCOM icon
Qualcomm
QCOM
+$54.8M
4
AVGO icon
Broadcom
AVGO
+$37.9M
5
FMX icon
Fomento Económico Mexicano
FMX
+$34.9M

Sector Composition

Rank Sector Weight
1 Financials 24.22%
2 Technology 21.1%
3 Consumer Discretionary 15.28%
4 Healthcare 14.92%
5 Communication Services 8.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CARG icon
151
CarGurus
CARG
$3.29B
$168K ﹤0.01%
7,787
-10,886
-58% -$279K
DBA icon
152
Invesco DB Agriculture Fund
DBA
$1.24B
$165K ﹤0.01%
11,207
– –
VZ icon
153
Verizon
VZ
$195B
$155K ﹤0.01%
2,600
– –
BKLN icon
154
Invesco Senior Loan ETF
BKLN
$6.75B
$148K ﹤0.01%
+6,795
New +$148K
LMT icon
155
Lockheed Martin
LMT
$140B
$148K ﹤0.01%
386
– –
IGSB icon
156
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.3B
$146K ﹤0.01%
+2,662
New +$146K
MO icon
157
Altria Group
MO
$107B
$132K ﹤0.01%
3,419
-381
-10% -$15.9K
D icon
158
Dominion Energy
D
$59.8B
$123K ﹤0.01%
1,556
-208
-12% -$16.3K
NVDA icon
159
NVIDIA
NVDA
$5.43T
$76K ﹤0.01%
5,640
-5,600
-50% -$65.2K
HYG icon
160
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$72K ﹤0.01%
+863
New +$72.6K
ACWI icon
161
iShares MSCI ACWI ETF
ACWI
$33.4B
$21K ﹤0.01%
261
-20
-7% -$1.58K
VEU icon
162
Vanguard FTSE All-World ex-US ETF
VEU
$70.5B
$19K ﹤0.01%
+381
New +$19.3K
MHK icon
163
Mohawk Industries
MHK
$9.27B
$15K ﹤0.01%
155
-90,929
-100% -$8.18M
FIS icon
164
Fidelity National Information Services
FIS
$21.6B
$6K ﹤0.01%
+44
New +$6.36K
ALC icon
165
Alcon
ALC
$35.6B
– –
-119,682
Closed -$6.86M
APH icon
166
Amphenol
APH
$210B
– –
-13,784
Closed -$330K
ELAN icon
167
Elanco Animal Health
ELAN
$11.1B
– –
-3,830
Closed -$82K
FMX icon
168
Fomento Económico Mexicano
FMX
$40B
– –
-562,126
Closed -$34.9M
HTHT icon
169
Huazhu Hotels Group
HTHT
$12.7B
– –
-244,995
Closed -$8.59M
LVS icon
170
Las Vegas Sands
LVS
$29.6B
– –
-5,302
Closed -$241K
NTB icon
171
Bank of N.T. Butterfield & Son
NTB
$2.5B
– –
-38,253
Closed -$933K
NTR icon
172
Nutrien
NTR
$32.1B
– –
-20,145
Closed -$647K
OUT icon
173
Outfront Media
OUT
$5.29B
– –
-2,438,179
Closed -$34M
USFD icon
174
US Foods
USFD
$24B
– –
-1,091,335
Closed -$21.5M
WFC icon
175
Wells Fargo
WFC
$269B
– –
-21,894
Closed -$560K
4 5 6
7
8

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SC
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TCA
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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 Q3 2020 Portfolio in Review

As of Q3 2020, Thornburg Investment Management held 179 positions worth $7.56B, down 2.9% from $7.79B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Thornburg Investment Management withdrew a net $685M in Q3 2020, closing 15 positions and reducing 109 holdings. Its most notable exit was Fomento Económico Mexicano, an estimated $34.9M position sold in full.

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

Against the trend, Thornburg Investment Management opened a new position in VNET Group worth $45.5M.

  • Thornburg Investment Management's largest Q3 2020 buy was VNET Group: 1,962,647 shares worth $45.5M.
  • Thornburg Investment Management added most to Chimera Investment in Q3 2020, an estimated $28.8M increase.
  • Thornburg Investment Management's biggest Q3 2020 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $83.9M.
  • Thornburg Investment Management fully exited Fomento Económico Mexicano in Q3 2020, selling an estimated $34.9M.
  • Thornburg Investment Management's ten largest holdings make up 39% of its $7.56B portfolio in Q3 2020.
  • Thornburg Investment Management opened 20 new positions and closed 15 in Q3 2020.
  • Thornburg Investment Management's portfolio value fell 2.9% quarter-over-quarter to $7.56B.

Based on Thornburg Investment Management's 13F filing for Q3 2020, filed 5 Nov 2020.