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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
+3.71%
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
$12B
AUM Growth
-$1.17B
Cap. Flow
-$1.46B
Cap. Flow %
-12.16%
Top 10 Hldgs %
35.67%
Holding
241
New
14
Increased
41
Reduced
88
Closed
80

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$169M
2
NXPI icon
NXP Semiconductors
NXPI
+$117M
3
AVGO icon
Broadcom
AVGO
+$99.9M
4
SU icon
Suncor Energy
SU
+$86.8M
5
AGN
Allergan plc
AGN
+$60.5M

Top Sells

Rank Stock Value
1
HAL icon
Halliburton
HAL
+$140M
2
BTI icon
British American Tobacco
BTI
+$120M
3
OPTU
Optimum Communications Inc
OPTU
+$79.2M
4
YUMC icon
Yum China
YUMC
+$66.8M
5
LBTYK icon
Liberty Global Class C
LBTYK
+$42.7M

Sector Composition

Rank Sector Weight
1 Financials 22.38%
2 Energy 13.02%
3 Healthcare 12.55%
4 Communication Services 11.15%
5 Consumer Discretionary 9.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RDS.A
1
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$788M 6.58%
11,564,928
-281,141
-2% -$18.8M
CME icon
2
CME Group
CME
$94.8B
$615M 5.13%
3,614,874
+132,991
+4% +$22.4M
JPM icon
3
JPMorgan Chase
JPM
$950B
$530M 4.42%
4,694,530
-139,153
-3% -$15.8M
WBA
4
DELISTED
Walgreens Boots Alliance
WBA
$467M 3.9%
6,409,982
-38,515
-0.6% -$2.62M
QCOM icon
5
Qualcomm
QCOM
$176B
$407M 3.4%
5,649,854
-17,465
-0.3% -$1.15M
HD icon
6
Home Depot
HD
$355B
$311M 2.6%
1,501,700
-183,300
-11% -$36.9M
MRK icon
7
Merck
MRK
$318B
$310M 2.59%
4,582,892
– –
T icon
8
AT&T
T
$163B
$296M 2.47%
11,674,288
– –
BABA icon
9
Alibaba
BABA
$308B
$288M 2.41%
1,750,185
+954,760
+120% +$169M
ARCC icon
10
Ares Capital
ARCC
$14.4B
$262M 2.19%
15,251,834
+99,981
+0.7% +$1.71M
OKE icon
11
Oneok
OKE
$54.5B
$261M 2.18%
3,856,451
– –
MFA
12
MFA Financial
MFA
$933M
$252M 2.1%
8,561,720
– –
CCI icon
13
Crown Castle
CCI
$32.2B
$239M 2%
2,147,849
-7
-0% -$779
LVS icon
14
Las Vegas Sands
LVS
$29.6B
$232M 1.93%
3,903,228
-56,400
-1% -$3.79M
EQH icon
15
Equitable Holdings
EQH
$14.1B
$207M 1.73%
9,646,777
+1,356,525
+16% +$29.7M
META icon
16
Meta Platforms (Facebook)
META
$1.51T
$200M 1.67%
1,215,623
-172,601
-12% -$31.2M
CP icon
17
Canadian Pacific Kansas City
CP
$80.5B
$187M 1.56%
4,418,740
-1,029,670
-19% -$41.2M
C icon
18
Citigroup
C
$226B
$183M 1.52%
2,547,676
-101,043
-4% -$7.14M
VLO icon
19
Valero Energy
VLO
$85.9B
$183M 1.52%
1,606,189
– –
LYB icon
20
LyondellBasell Industries
LYB
$19.2B
$183M 1.52%
1,781,587
+65,000
+4% +$7.11M
RYAAY icon
21
Ryanair
RYAAY
$31.3B
$181M 1.51%
4,724,350
+199,387
+4% +$8.21M
BIDU icon
22
Baidu
BIDU
$37.2B
$181M 1.51%
793,333
-62,381
-7% -$14.7M
COF icon
23
Capital One
COF
$134B
$165M 1.38%
1,740,718
-164,128
-9% -$16M
GOOGL icon
24
Alphabet (Google) Class A
GOOGL
$4.33T
$159M 1.33%
2,642,060
-592,020
-18% -$35.8M
TAL icon
25
TAL Education Group
TAL
$6.87B
$159M 1.33%
6,183,360
+83,898
+1% +$2.71M
1
2 3 4 5

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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
BAMF
BI Asset Management Fondsmaeglerselskab Kobenhavn, Denmark $9.55B AUM 31.94% 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

Thornburg Investment Management's Q3 2018 Portfolio in Review

As of Q3 2018, Thornburg Investment Management held 241 positions worth $12B, down 8.9% from $13.2B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Thornburg Investment Management withdrew a net $1.46B in Q3 2018, closing 80 positions and reducing 88 holdings. Its most notable exit was Criteo S.A. Ordinary Shares, an estimated $36.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 19% a quarter earlier, followed by Energy and Healthcare.

Against the trend, Thornburg Investment Management opened a new position in NXP Semiconductors worth $104M.

  • Thornburg Investment Management's largest Q3 2018 buy was NXP Semiconductors: 1,221,407 shares worth $104M.
  • Thornburg Investment Management added most to Alibaba in Q3 2018, an estimated $169M increase.
  • Thornburg Investment Management's biggest Q3 2018 reduction was Halliburton, cutting an estimated $140M.
  • Thornburg Investment Management fully exited Criteo S.A. Ordinary Shares in Q3 2018, selling an estimated $36.3M.
  • Thornburg Investment Management's ten largest holdings make up 36% of its $12B portfolio in Q3 2018.
  • Thornburg Investment Management opened 14 new positions and closed 80 in Q3 2018.
  • Thornburg Investment Management's portfolio value fell 8.9% quarter-over-quarter to $12B.

Based on Thornburg Investment Management's 13F filing for Q3 2018, filed 2 Nov 2018.