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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
+1.65%
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
$71.5B
AUM Growth
+$64B
Cap. Flow
-$354M
Cap. Flow %
-0.49%
Top 10 Hldgs %
48.07%
Holding
197
New
9
Increased
29
Reduced
135
Closed
15

Top Buys

Rank Stock Value
1
MRK icon
Merck
MRK
+$113M
2
MRX
Marex Group Limited Ordinary Shares
MRX
+$23.9M
3
ALC icon
Alcon
ALC
+$22.4M
4
SOBO
South Bow Corp
SOBO
+$19.3M
5
FCX icon
Freeport-McMoran
FCX
+$15.4M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$94.7M
2
CME icon
CME Group
CME
+$64.2M
3
AVGO icon
Broadcom
AVGO
+$32M
4
NVDA icon
NVIDIA
NVDA
+$23.6M
5
SHOP icon
Shopify
SHOP
+$22.3M

Sector Composition

Rank Sector Weight
1 Financials 25.3%
2 Healthcare 15.21%
3 Technology 15.07%
4 Communication Services 14.09%
5 Consumer Discretionary 8.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDB icon
151
HDFC Bank
HDB
$119B
$28.1M 0.04%
84,706
-30,130
-26% -$919K
EFA icon
152
iShares MSCI EAFE ETF
EFA
$80.2B
$25.7M 0.04%
31,385
-182,597
-85% -$14.7M
H icon
153
Hyatt Hotels
H
$16.8B
$25M 0.03%
20,407
-6,787
-25% -$977K
BMY icon
154
Bristol-Myers Squibb
BMY
$130B
$23.4M 0.03%
38,400
– –
NBIS
155
Nebius Group N.V.
NBIS
$70.5B
$21.9M 0.03%
+103,823
New +$3.42M
AMZN icon
156
Amazon
AMZN
$2.88T
$21.7M 0.03%
11,396
-677
-6% -$147K
SNDX icon
157
Syndax Pharmaceuticals
SNDX
$1.77B
$16.1M 0.02%
130,746
+15,659
+14% +$221K
VERA icon
158
Vera Therapeutics
VERA
$2.16B
$16M 0.02%
66,572
+7,568
+13% +$243K
V icon
159
Visa
V
$671B
$15.8M 0.02%
4,521
-689
-13% -$233K
KB icon
160
KB Financial Group
KB
$41.4B
$14.9M 0.02%
27,458
-8,130
-23% -$470K
SLB icon
161
SLB Ltd
SLB
$78.1B
$14.3M 0.02%
34,100
-3,599
-10% -$147K
DIS icon
162
Walt Disney
DIS
$178B
$12.2M 0.02%
12,336
-30,680
-71% -$3.3M
INFY icon
163
Infosys
INFY
$49.7B
$10.8M 0.02%
59,072
-20,374
-26% -$423K
PKX icon
164
POSCO
PKX
$17.3B
$9.89M 0.01%
20,804
+5,442
+35% +$254K
ZTS icon
165
Zoetis
ZTS
$30.4B
$9.58M 0.01%
5,816
-310
-5% -$51.6K
ITUB icon
166
Itaú Unibanco
ITUB
$81.6B
$9.45M 0.01%
177,006
+2,587
+1% +$13K
RDY icon
167
Dr. Reddy's Laboratories
RDY
$10.3B
$9.37M 0.01%
71,001
+1,250
+2% +$17.2K
MMYT icon
168
MakeMyTrip
MMYT
$5.67B
$8.5M 0.01%
8,674
-5,984
-41% -$617K
QCOM icon
169
Qualcomm
QCOM
$171B
$8.45M 0.01%
5,501
+238
+5% +$38.8K
TS icon
170
Tenaris
TS
$26.8B
$8.24M 0.01%
21,063
– –
GRAB icon
171
Grab
GRAB
$14.7B
$8.15M 0.01%
179,976
-139,858
-44% -$653K
AAPL icon
172
Apple
AAPL
$4.41T
$6.89M 0.01%
3,103
-1,145
-27% -$265K
ASX icon
173
ASE Group
ASX
$102B
$6.69M 0.01%
76,420
-2,943
-4% -$29.9K
SRPT icon
174
Sarepta Therapeutics
SRPT
$1.94B
$6.04M 0.01%
9,458
-29,526
-76% -$3.11M
NVS icon
175
Novartis
NVS
$290B
$5.45M 0.01%
4,889
-2,911
-37% -$310K
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 Q1 2025 Portfolio in Review

As of Q1 2025, Thornburg Investment Management held 197 positions worth $71.5B, up 845% from $7.57B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Thornburg Investment Management's Q1 2025 filing shows 9 new, 29 increased, 135 reduced and 15 closed positions. Its largest new stake was Marex Group Limited Ordinary Shares: 687,673 shares worth $243M. The largest sale was AbbVie, an estimated $94.7M.

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

  • Thornburg Investment Management's largest Q1 2025 buy was Marex Group Limited Ordinary Shares: 687,673 shares worth $243M.
  • Thornburg Investment Management added most to Merck in Q1 2025, an estimated $113M increase.
  • Thornburg Investment Management's biggest Q1 2025 reduction was AbbVie, cutting an estimated $94.7M.
  • Thornburg Investment Management fully exited Acushnet Holdings in Q1 2025, selling an estimated $10.9M.
  • Thornburg Investment Management's ten largest holdings make up 48% of its $71.5B portfolio in Q1 2025.
  • Thornburg Investment Management opened 9 new positions and closed 15 in Q1 2025.
  • Thornburg Investment Management's portfolio value rose 845% quarter-over-quarter to $71.5B.

Based on Thornburg Investment Management's 13F filing for Q1 2025, filed 8 May 2025.