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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
+4.24%
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
$25.1B
AUM Growth
-$331M
(-1.3%)
Cap. Flow
-$1.15B
Cap. Flow
% of AUM
-4.57%
Top 10 Holdings %
Top 10 Hldgs %
24.36%
Holding
354
New
62
Increased
98
Reduced
113
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vodafone
VOD
|
+$297M |
| 2 |
America Movil
AMX
|
+$270M |
| 3 |
ESV
Ensco Rowan plc
ESV
|
+$252M |
| 4 |
Perrigo
PRGO
|
+$238M |
| 5 |
NXP Semiconductors
NXPI
|
+$226M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Banco Bilbao Vizcaya Argentaria
BBVA
|
+$549M |
| 2 |
Yum! Brands
YUM
|
+$332M |
| 3 |
SLB Ltd
SLB
|
+$297M |
| 4 |
Liberty Global Class A
LBTYA
|
+$292M |
| 5 |
Baidu
BIDU
|
+$269M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.54% |
| 2 | Financials | 12.36% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 10.96% |
| 5 | Consumer Discretionary | 10.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
SLB Ltd
SLB
$75.9B
| $781M | 3.12% |
6,622,312
-2,885,773
| -30% | -$297M |
|
|
2
Baidu
BIDU
$37.2B
| $684M | 2.73% |
3,663,183
-1,643,026
| -31% | -$269M |
|
3
TSMC
TSM
$2.18T
| $683M | 2.72% |
31,913,962
+1,123,238
| +4% | +$23.1M |
|
4
JPMorgan Chase
JPM
$951B
| $674M | 2.69% |
11,703,821
+2,441,252
| +26% | +$137M |
|
5
Accenture
ACN
$107B
| $663M | 2.64% |
8,203,218
-460,510
| -5% | -$37M |
|
|
AGN
6
DELISTED
Allergan plc
AGN
| $579M | 2.31% |
2,595,361
+502,664
| +24% | +$104M |
|
7
Liberty Global Class C
LBTYK
$3.51B
| $571M | 2.28% |
16,685,019
+4,519,480
| +37% | +$149M |
|
|
RDS.A
8
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $515M | 2.06% |
6,697,277
-119,227
| -2% | -$8.71M |
|
|
WBA
9
DELISTED
Walgreens Boots Alliance
WBA
| $482M | 1.92% |
6,500,039
-310,529
| -5% | -$21.7M |
|
|
10
Yum! Brands
YUM
$41.3B
| $474M | 1.89% |
8,117,371
-5,970,047
| -42% | -$332M |
|
11
Mastercard
MA
$494B
| $441M | 1.76% |
6,005,221
+170,234
| +3% | +$12.6M |
|
|
ESV
12
DELISTED
Ensco Rowan plc
ESV
| $404M | 1.61% |
1,815,432
+1,218,479
| +204% | +$252M |
|
13
lululemon athletica
LULU
$14.4B
| $392M | 1.56% |
9,681,504
-1,381,891
| -12% | -$63M |
|
14
Gilead Sciences
GILD
$166B
| $352M | 1.4% |
4,244,661
+366,838
| +9% | +$28.6M |
|
15
Qualcomm
QCOM
$175B
| $340M | 1.36% |
4,293,460
-120,362
| -3% | -$9.57M |
|
16
Apple
AAPL
$4.56T
| $303M | 1.21% |
13,031,588
-1,188,632
| -8% | -$25.3M |
|
|
17
Vodafone
VOD
$37.4B
| $280M | 1.12% |
+8,381,241
| New | +$297M |
|
|
18
America Movil
AMX
$71.5B
| $279M | 1.11% |
+13,462,950
| New | +$270M |
|
19
Pfizer
PFE
$151B
| $260M | 1.04% |
9,216,066
-644,416
| -7% | -$18.4M |
|
20
Intel
INTC
$510B
| $253M | 1.01% |
8,177,104
| – | – |
|
|
21
Perrigo
PRGO
$1.79B
| $245M | 0.98% |
+1,681,137
| New | +$238M |
|
|
22
NXP Semiconductors
NXPI
$60.1B
| $244M | 0.97% |
+3,688,932
| New | +$226M |
|
|
MFA
23
MFA Financial
MFA
$936M
| $224M | 0.9% |
6,834,213
+15,083
| +0.2% | +$487K |
|
24
Southern Copper
SCCO
$166B
| $216M | 0.86% |
7,656,051
-914,580
| -11% | -$25.2M |
|
25
Duke Energy
DUK
$97.6B
| $213M | 0.85% |
2,872,551
| – | – |
|
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Thornburg Investment Management's Q2 2014 Portfolio in Review
As of Q2 2014, Thornburg Investment Management held 354 positions worth $25.1B, down 1.3% from $25.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Thornburg Investment Management withdrew a net $1.15B in Q2 2014, closing 35 positions and reducing 113 holdings. Its most notable exit was KKR FINANCIAL HOLDINGS LLC COM, an estimated $136M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 11% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Thornburg Investment Management opened a new position in Vodafone worth $280M.
- Thornburg Investment Management's largest Q2 2014 buy was Vodafone: 8,381,241 shares worth $280M.
- Thornburg Investment Management added most to Ensco Rowan plc in Q2 2014, an estimated $252M increase.
- Thornburg Investment Management's biggest Q2 2014 reduction was Banco Bilbao Vizcaya Argentaria, cutting an estimated $549M.
- Thornburg Investment Management fully exited KKR FINANCIAL HOLDINGS LLC COM in Q2 2014, selling an estimated $136M.
- Thornburg Investment Management's ten largest holdings make up 24% of its $25.1B portfolio in Q2 2014.
- Thornburg Investment Management opened 62 new positions and closed 35 in Q2 2014.
- Thornburg Investment Management's portfolio value fell 1.3% quarter-over-quarter to $25.1B.
Based on Thornburg Investment Management's 13F filing for Q2 2014, filed 11 Aug 2014.