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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
EQIX icon
176
Equinix
EQIX
$105B
$1.1M 0.01%
1,545
+620
+67% +$461K
AZUL
177
DELISTED
Azul
AZUL
$1.09M 0.01%
+47,807
New +$857K
NTCO
178
DELISTED
Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares)
NTCO
$965K 0.01%
+48,227
New +$876K
NVS icon
179
Novartis
NVS
$290B
$885K 0.01%
9,370
– –
PYPL icon
180
PayPal
PYPL
$50.6B
$848K 0.01%
3,619
-148,875
-98% -$30.8M
PAC icon
181
Grupo Aeroportuario del Pacifico
PAC
$12.8B
$803K 0.01%
7,215
+5,009
+227% +$495K
UBS icon
182
UBS Group
UBS
$177B
$803K 0.01%
56,828
-576,260
-91% -$7.63M
NAVI icon
183
Navient
NAVI
$829M
$773K 0.01%
78,765
-755,709
-91% -$7.18M
NTES icon
184
NetEase
NTES
$79.5B
$742K 0.01%
+7,747
New +$695K
NEE icon
185
NextEra Energy
NEE
$179B
$715K 0.01%
9,272
+1,624
+21% +$121K
EL icon
186
Estee Lauder
EL
$31.7B
$708K 0.01%
2,660
– –
DBB icon
187
Invesco DB Base Metals Fund
DBB
$316M
$690K 0.01%
40,003
– –
VOD icon
188
Vodafone
VOD
$37.2B
$682K 0.01%
41,413
– –
PPG icon
189
PPG Industries
PPG
$25.5B
$662K 0.01%
4,587
-82,120
-95% -$11.4M
GLD icon
190
SPDR Gold Trust
GLD
$144B
$656K 0.01%
3,676
– –
XYZ
191
Block Inc
XYZ
$47B
$649K 0.01%
2,984
-78,113
-96% -$15.2M
VIV icon
192
Telefônica Brasil
VIV
$18.5B
$601K 0.01%
67,865
+17,034
+34% +$140K
YUMC icon
193
Yum China
YUMC
$16.4B
$546K 0.01%
+9,563
New +$537K
CARG icon
194
CarGurus
CARG
$3.29B
$490K 0.01%
15,451
+7,664
+98% +$189K
RDS.A
195
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$466K 0.01%
13,254
– –
ARCC icon
196
Ares Capital
ARCC
$14.3B
$425K 0.01%
25,134
– –
CPAY icon
197
Corpay
CPAY
$26.9B
$423K 0.01%
1,551
-54,948
-97% -$14.1M
BKLN icon
198
Invesco Senior Loan ETF
BKLN
$6.75B
$422K 0.01%
18,940
+12,145
+179% +$267K
WIX icon
199
WIX.com
WIX
$2.88B
$402K ﹤0.01%
1,608
-222,360
-99% -$58.6M
UNH icon
200
UnitedHealth
UNH
$364B
$385K ﹤0.01%
1,099
-45,687
-98% -$15.3M
6 7
8
9 10

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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
Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return
FCM
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CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return

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.