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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
+0.69%
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
$15B
AUM Growth
-$746M
Cap. Flow
-$806M
Cap. Flow %
-5.37%
Top 10 Hldgs %
25.23%
Holding
324
New
32
Increased
105
Reduced
98
Closed
60

Top Buys

Rank Stock Value
1
C icon
Citigroup
C
+$239M
2
SU icon
Suncor Energy
SU
+$164M
3
PRGO icon
Perrigo
PRGO
+$155M
4
MA icon
Mastercard
MA
+$153M
5
APTV icon
Aptiv
APTV
+$88.1M

Top Sells

Rank Stock Value
1
CME icon
CME Group
CME
+$411M
2
AER icon
AerCap
AER
+$245M
3
DUK icon
Duke Energy
DUK
+$150M
4
LBTYK icon
Liberty Global Class C
LBTYK
+$148M
5
NLSN
Nielsen Holdings plc
NLSN
+$101M

Sector Composition

Rank Sector Weight
1 Financials 20.67%
2 Communication Services 11.36%
3 Healthcare 11.29%
4 Consumer Discretionary 10.17%
5 Real Estate 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
1
JPMorgan Chase
JPM
$950B
$614M 4.09%
10,364,510
-349,436
-3% -$20.4M
CME icon
2
CME Group
CME
$94.8B
$463M 3.09%
4,820,694
-4,522,756
-48% -$411M
HD icon
3
Home Depot
HD
$355B
$449M 3%
3,367,555
– –
T icon
4
AT&T
T
$163B
$407M 2.71%
13,756,126
-1,815,601
-12% -$50.3M
C icon
5
Citigroup
C
$226B
$361M 2.4%
8,635,599
+5,718,313
+196% +$239M
RDS.A
6
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$354M 2.36%
7,711,401
+576,737
+8% +$24.5M
TGT icon
7
Target
TGT
$68B
$299M 1.99%
3,630,609
– –
WBA
8
DELISTED
Walgreens Boots Alliance
WBA
$288M 1.92%
3,417,464
+35,478
+1% +$2.83M
APTV icon
9
Aptiv
APTV
$10.3B
$277M 1.85%
3,690,202
+1,287,487
+54% +$88.1M
MRK icon
10
Merck
MRK
$318B
$272M 1.82%
5,392,606
+452,466
+9% +$22.2M
MFA
11
MFA Financial
MFA
$933M
$239M 1.6%
8,730,123
-132,500
-1% -$3.47M
AAPL icon
12
Apple
AAPL
$4.57T
$229M 1.53%
8,421,792
+771,800
+10% +$19.2M
ARCC icon
13
Ares Capital
ARCC
$14.4B
$227M 1.52%
15,318,095
+1,230,979
+9% +$17M
NXPI icon
14
NXP Semiconductors
NXPI
$60.4B
$216M 1.44%
2,667,364
-266,271
-9% -$19.9M
PFE icon
15
Pfizer
PFE
$153B
$215M 1.43%
7,642,083
+288,691
+4% +$8.25M
PRGO icon
16
Perrigo
PRGO
$1.78B
$210M 1.4%
1,641,307
+1,136,873
+225% +$155M
LVLT
17
DELISTED
Level 3 Communications Inc
LVLT
$209M 1.39%
3,957,920
+647,172
+20% +$31.9M
MA icon
18
Mastercard
MA
$493B
$208M 1.38%
2,197,031
+1,735,851
+376% +$153M
AGN
19
DELISTED
Allergan plc
AGN
$197M 1.32%
736,489
-66,879
-8% -$19.1M
TCOM icon
20
Trip.com Group
TCOM
$29.1B
$195M 1.3%
4,411,308
+617,041
+16% +$25.8M
TWO
21
Two Harbors Investment
TWO
$1.27B
$195M 1.3%
3,068,654
+244,325
+9% +$15.1M
IVR icon
22
Invesco Mortgage Capital
IVR
$805M
$193M 1.29%
1,585,542
– –
SU icon
23
Suncor Energy
SU
$70.3B
$190M 1.27%
+6,798,011
New +$164M
MDLZ icon
24
Mondelez International
MDLZ
$79.9B
$182M 1.21%
4,527,395
+616,654
+16% +$25.1M
TMUS icon
25
T-Mobile US
TMUS
$190B
$181M 1.21%
4,738,199
+588,133
+14% +$22.2M
1
2 3 4 5

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SC
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TCA
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CCMT
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LAMI
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DCP
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BAMF
BI Asset Management Fondsmaeglerselskab Kobenhavn, Denmark $9.55B AUM 31.94% 1-Year Est. Return
HL
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FCM
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Thornburg Investment Management's Q1 2016 Portfolio in Review

As of Q1 2016, Thornburg Investment Management held 324 positions worth $15B, down 4.7% from $15.7B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Thornburg Investment Management withdrew a net $806M in Q1 2016, closing 60 positions and reducing 98 holdings. Its most notable exit was AerCap, an estimated $245M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Thornburg Investment Management opened a new position in Suncor Energy worth $190M.

  • Thornburg Investment Management's largest Q1 2016 buy was Suncor Energy: 6,798,011 shares worth $190M.
  • Thornburg Investment Management added most to Citigroup in Q1 2016, an estimated $239M increase.
  • Thornburg Investment Management's biggest Q1 2016 reduction was CME Group, cutting an estimated $411M.
  • Thornburg Investment Management fully exited AerCap in Q1 2016, selling an estimated $245M.
  • Thornburg Investment Management's ten largest holdings make up 25% of its $15B portfolio in Q1 2016.
  • Thornburg Investment Management opened 32 new positions and closed 60 in Q1 2016.
  • Thornburg Investment Management's portfolio value fell 4.7% quarter-over-quarter to $15B.

Based on Thornburg Investment Management's 13F filing for Q1 2016, filed 12 May 2016.