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Thornburg Investment Management Portfolio holdings

AUM $10.5B
1-Year Est. Return 30.38%
This Fund
S&P 500
This Quarter Est. Return
+7.12%
1 Year Est. Return
+30.38%
3 Year Est. Return
+116.63%
5 Year Est. Return
+136.23%
10 Year Est. Return
+541.94%
AUM
$9.63B
AUM Growth
+$1.71B
Cap. Flow
+$1.48B
Cap. Flow %
15.36%
Top 10 Hldgs %
58.55%
Holding
197
New
21
Increased
69
Reduced
69
Closed
26

Top Buys

Rank Stock Value
1
TTE icon
TotalEnergies
TTE
+$891M
2
AZN icon
AstraZeneca
AZN
+$502M
3
T icon
AT&T
T
+$53.4M
4
TRP icon
TC Energy
TRP
+$41M
5
BKNG icon
Booking.com
BKNG
+$32.4M

Top Sells

Rank Stock Value
1
MRX
Marex Group Limited Ordinary Shares
MRX
+$27.4M
2
TDG icon
TransDigm Group
TDG
+$23.6M
3
FLUT icon
Flutter Entertainment
FLUT
+$14.2M
4
TTAN
ServiceTitan Inc
TTAN
+$13.2M
5
CVSA
Covista Inc
CVSA
+$12.8M

Sector Composition

Rank Sector Weight
1 Financials 21%
2 Energy 18.33%
3 Healthcare 16.34%
4 Technology 15.06%
5 Communication Services 12.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BMRN icon
151
BioMarin Pharmaceuticals
BMRN
$13.3B
$599K 0.01%
10,608
-80,122
-88% -$4.67M
RBRK icon
152
Rubrik
RBRK
$21.6B
$588K 0.01%
+12,017
New +$690K
AVAV icon
153
AeroVironment
AVAV
$9.59B
$587K 0.01%
3,206
-10,845
-77% -$2.86M
TMUS icon
154
T-Mobile US
TMUS
$197B
$575K 0.01%
+2,739
New +$563K
JPM icon
155
JPMorgan Chase
JPM
$965B
$573K 0.01%
1,949
– –
CDNS icon
156
Cadence Design Systems
CDNS
$89.2B
$572K 0.01%
+2,058
New +$614K
LITE icon
157
Lumentum
LITE
$78B
$560K 0.01%
+797
New +$438K
DDOG icon
158
Datadog
DDOG
$90.6B
$553K 0.01%
+4,686
New +$579K
ONON icon
159
On Holding
ONON
$10.6B
$522K 0.01%
15,334
-51,891
-77% -$2.27M
PAC icon
160
Grupo Aeroportuario del Pacifico
PAC
$12.4B
$493K 0.01%
1,999
-22
-1% -$5.78K
KRMN
161
Karman Holdings
KRMN
$8.02B
$484K 0.01%
+6,044
New +$583K
KB icon
162
KB Financial Group
KB
$41.7B
$462K ﹤0.01%
4,631
-44
-0.9% -$4.42K
KOF icon
163
Coca-Cola Femsa
KOF
$22.9B
$443K ﹤0.01%
4,546
-48
-1% -$4.96K
HDB icon
164
HDFC Bank
HDB
$119B
$376K ﹤0.01%
15,106
-427
-3% -$13.3K
AAPL icon
165
Apple
AAPL
$4.46T
$337K ﹤0.01%
1,329
– –
ITUB icon
166
Itaú Unibanco
ITUB
$80.9B
$286K ﹤0.01%
34,087
-8,906
-21% -$74.5K
VEU icon
167
Vanguard FTSE All-World ex-US ETF
VEU
$70.6B
$270K ﹤0.01%
3,594
-19,762
-85% -$1.53M
VOD icon
168
Vodafone
VOD
$37.5B
$258K ﹤0.01%
17,164
– –
INFY icon
169
Infosys
INFY
$50.3B
$226K ﹤0.01%
16,746
+8
+0% +$125
CPNG icon
170
Coupang
CPNG
$29.3B
$209K ﹤0.01%
11,064
-320
-3% -$6.26K
AL
171
DELISTED
Air Lease Corp
AL
– –
-3,950
Closed -$254K
CVSA
172
Covista Inc
CVSA
$4.49B
– –
-123,239
Closed -$12.8M
AVTR icon
173
Avantor
AVTR
$9.37B
– –
-576,959
Closed -$6.61M
BROS icon
174
Dutch Bros
BROS
$8.93B
– –
-85,792
Closed -$5.25M
CASY icon
175
Casey's General Stores
CASY
$31.6B
– –
-14,020
Closed -$7.75M
4 5 6
7
8

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HRCM
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URS
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Thornburg Investment Management's Q1 2026 Portfolio in Review

As of Q1 2026, Thornburg Investment Management held 197 positions worth $9.63B, up 22% from $7.93B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Thornburg Investment Management deployed $1.48B of net new capital in Q1 2026, opening 21 new positions and adding to 69 existing holdings. Its largest new stake was TotalEnergies: 11,660,983 shares worth $1.09B.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 27% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was Marex Group Limited Ordinary Shares, an estimated $27.4M trimmed.

  • Thornburg Investment Management's largest Q1 2026 buy was TotalEnergies: 11,660,983 shares worth $1.09B.
  • Thornburg Investment Management added most to AstraZeneca in Q1 2026, an estimated $502M increase.
  • Thornburg Investment Management's biggest Q1 2026 reduction was Marex Group Limited Ordinary Shares, cutting an estimated $27.4M.
  • Thornburg Investment Management fully exited Flutter Entertainment in Q1 2026, selling an estimated $14.2M.
  • Thornburg Investment Management's ten largest holdings make up 59% of its $9.63B portfolio in Q1 2026.
  • Thornburg Investment Management opened 21 new positions and closed 26 in Q1 2026.
  • Thornburg Investment Management's portfolio value rose 22% quarter-over-quarter to $9.63B.

Based on Thornburg Investment Management's 13F filing for Q1 2026, filed 12 May 2026.