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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
+23.25%
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
$8.43B
AUM Growth
+$862M
Cap. Flow
-$470M
Cap. Flow %
-5.58%
Top 10 Hldgs %
37.84%
Holding
243
New
79
Increased
39
Reduced
93
Closed
16

Top Buys

Rank Stock Value
1
SHOP icon
Shopify
SHOP
+$54.7M
2
BKI
Black Knight, Inc. Common Stock
BKI
+$42.7M
3
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
+$41.1M
4
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$39.5M
5
CME icon
CME Group
CME
+$36.5M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$93.3M
2
META icon
Meta Platforms (Facebook)
META
+$73.5M
3
FNV icon
Franco-Nevada
FNV
+$70.5M
4
NFLX icon
Netflix
NFLX
+$67.8M
5
VLO icon
Valero Energy
VLO
+$67.7M

Sector Composition

Rank Sector Weight
1 Financials 25.38%
2 Technology 24.79%
3 Healthcare 15.2%
4 Consumer Discretionary 13.35%
5 Industrials 5.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDT icon
151
Medtronic
MDT
$116B
$7.78M 0.09%
66,442
-260,763
-80% -$28.7M
SONY icon
152
Sony
SONY
$138B
$7.34M 0.09%
363,045
+92,335
+34% +$1.61M
OTRK
153
DELISTED
Ontrak
OTRK
$6.7M 0.08%
+1,205
New +$6.58M
VLO icon
154
Valero Energy
VLO
$95.1B
$6.51M 0.08%
115,057
-1,379,642
-92% -$67.7M
SBUX icon
155
Starbucks
SBUX
$124B
$6.44M 0.08%
60,185
-228,789
-79% -$21.8M
YSG
156
Yatsen Holding
YSG
$315M
$6.26M 0.07%
+73,595
New +$6.16M
PMT
157
PennyMac Mortgage Investment
PMT
$827M
$5.92M 0.07%
336,541
-889,814
-73% -$15.1M
TGP
158
DELISTED
Teekay LNG Partners L.P.
TGP
$5M 0.06%
436,761
-967,776
-69% -$11M
MUFG icon
159
Mitsubishi UFJ Financial
MUFG
$257B
$4.92M 0.06%
+1,111,700
New +$4.72M
AAPL icon
160
Apple
AAPL
$4.41T
$4.68M 0.06%
35,241
-454,453
-93% -$54.7M
HDB icon
161
HDFC Bank
HDB
$119B
$4.32M 0.05%
119,482
+14,860
+14% +$474K
KMX icon
162
CarMax
KMX
$8.33B
$3.86M 0.05%
40,822
-145,748
-78% -$13.7M
IBN icon
163
ICICI Bank
IBN
$107B
$3.72M 0.04%
250,461
+95,910
+62% +$1.21M
CHL
164
DELISTED
China Mobile Limited
CHL
$3.17M 0.04%
111,103
-23,877
-18% -$738K
PTC icon
165
PTC
PTC
$16.1B
$2.76M 0.03%
23,082
-8,828
-28% -$878K
NFLX icon
166
Netflix
NFLX
$309B
$2.67M 0.03%
49,340
-1,337,700
-96% -$67.8M
EFA icon
167
iShares MSCI EAFE ETF
EFA
$80.2B
$2.19M 0.03%
30,000
+25,945
+640% +$1.77M
MSFT icon
168
Microsoft
MSFT
$3.66T
$1.82M 0.02%
8,194
-202,756
-96% -$43.6M
FTS icon
169
Fortis
FTS
$28.7B
$1.53M 0.02%
37,446
-197,731
-84% -$8.12M
ORAN
170
DELISTED
Orange
ORAN
$1.5M 0.02%
126,832
-300
-0.2% -$3.51K
WH icon
171
Wyndham Hotels & Resorts
WH
$5.49B
$1.5M 0.02%
25,224
-195,414
-89% -$10.5M
SE icon
172
Sea Limited
SE
$78.5B
$1.37M 0.02%
6,896
-1,780
-21% -$317K
XP icon
173
XP
XP
$7.98B
$1.35M 0.02%
34,076
+10,214
+43% +$417K
EEM icon
174
iShares MSCI Emerging Markets ETF
EEM
$30.4B
$1.3M 0.02%
+25,229
New +$1.21M
NOW icon
175
ServiceNow
NOW
$129B
$1.19M 0.01%
10,760
-184,150
-94% -$19.1M
5 6
7
8 9

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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 2020 Portfolio in Review

As of Q4 2020, Thornburg Investment Management held 243 positions worth $8.43B, up 11% from $7.56B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Thornburg Investment Management withdrew a net $470M in Q4 2020, closing 16 positions and reducing 93 holdings. Its most notable exit was MFA Financial, an estimated $66.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Thornburg Investment Management opened a new position in Shopify worth $59M.

  • Thornburg Investment Management's largest Q4 2020 buy was Shopify: 521,410 shares worth $59M.
  • Thornburg Investment Management added most to CME Group in Q4 2020, an estimated $36.5M increase.
  • Thornburg Investment Management's biggest Q4 2020 reduction was Alphabet (Google) Class C, cutting an estimated $93.3M.
  • Thornburg Investment Management fully exited MFA Financial in Q4 2020, selling an estimated $66.3M.
  • Thornburg Investment Management's ten largest holdings make up 38% of its $8.43B portfolio in Q4 2020.
  • Thornburg Investment Management opened 79 new positions and closed 16 in Q4 2020.
  • Thornburg Investment Management's portfolio value rose 11% quarter-over-quarter to $8.43B.

Based on Thornburg Investment Management's 13F filing for Q4 2020, filed 9 Feb 2021.