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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
-21.69%
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
$6.99B
AUM Growth
-$3.4B
Cap. Flow
-$819M
Cap. Flow %
-11.72%
Top 10 Hldgs %
41.28%
Holding
187
New
16
Increased
51
Reduced
83
Closed
24

Top Buys

Rank Stock Value
1
EQH icon
Equitable Holdings
EQH
+$258M
2
RF icon
Regions Financial
RF
+$127M
3
WBA
Walgreens Boots Alliance
WBA
+$73.8M
4
WIX icon
WIX.com
WIX
+$60.8M
5
ABBV icon
AbbVie
ABBV
+$60.1M

Top Sells

Rank Stock Value
1
LVS icon
Las Vegas Sands
LVS
+$239M
2
CME icon
CME Group
CME
+$183M
3
QCOM icon
Qualcomm
QCOM
+$73.7M
4
ARCC icon
Ares Capital
ARCC
+$71.5M
5
RYAAY icon
Ryanair
RYAAY
+$68.3M

Sector Composition

Rank Sector Weight
1 Financials 20.1%
2 Healthcare 19%
3 Technology 16.95%
4 Consumer Discretionary 13.34%
5 Communication Services 8.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
1
Alibaba
BABA
$307B
$388M 5.56%
1,997,622
-195,303
-9% -$40.8M
CME icon
2
CME Group
CME
$94B
$332M 4.74%
1,917,794
-917,364
-32% -$183M
JPM icon
3
JPMorgan Chase
JPM
$961B
$322M 4.6%
3,576,325
-430,553
-11% -$52.3M
WBA
4
DELISTED
Walgreens Boots Alliance
WBA
$295M 4.21%
6,437,759
+1,455,046
+29% +$73.8M
RDS.A
5
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$291M 4.16%
8,328,964
+149,506
+2% +$6.98M
MRK icon
6
Merck
MRK
$321B
$286M 4.09%
3,892,734
+66,884
+2% +$5.26M
HD icon
7
Home Depot
HD
$356B
$274M 3.92%
1,466,286
-75,112
-5% -$16.5M
ABBV icon
8
AbbVie
ABBV
$438B
$263M 3.75%
3,446,009
+705,697
+26% +$60.1M
AVGO icon
9
Broadcom
AVGO
$1.99T
$237M 3.39%
9,986,230
+36,550
+0.4% +$1.03M
QCOM icon
10
Qualcomm
QCOM
$171B
$201M 2.87%
2,965,400
-899,059
-23% -$73.7M
CCI icon
11
Crown Castle
CCI
$31.6B
$182M 2.61%
1,262,126
-112,858
-8% -$16.8M
EQH icon
12
Equitable Holdings
EQH
$14.1B
$170M 2.44%
+11,790,135
New +$258M
PFE icon
13
Pfizer
PFE
$152B
$143M 2.04%
4,612,199
+1,428,063
+45% +$48.7M
ATVI
14
DELISTED
Activision Blizzard
ATVI
$132M 1.89%
2,226,687
-103,466
-4% -$6.14M
META icon
15
Meta Platforms (Facebook)
META
$1.54T
$119M 1.71%
715,803
-4,830
-0.7% -$946K
VLO icon
16
Valero Energy
VLO
$93B
$111M 1.58%
2,442,671
+94,614
+4% +$6.87M
NFLX icon
17
Netflix
NFLX
$312B
$96.7M 1.38%
2,575,980
-337,920
-12% -$12M
GOOG icon
18
Alphabet (Google) Class C
GOOG
$4.27T
$93M 1.33%
1,599,980
-76,880
-5% -$5.22M
LAMR icon
19
Lamar Advertising Co
LAMR
$15.8B
$83.7M 1.2%
1,631,987
+9,331
+0.6% +$752K
RF icon
20
Regions Financial
RF
$26.9B
$81.6M 1.17%
+9,100,000
New +$127M
LYB icon
21
LyondellBasell Industries
LYB
$20.7B
$79.8M 1.14%
1,607,318
-302,774
-16% -$22.3M
CIM
22
Chimera Investment
CIM
$1,000M
$78.7M 1.12%
2,881,185
+6,683
+0.2% +$379K
TMO icon
23
Thermo Fisher Scientific
TMO
$222B
$76.7M 1.1%
270,320
-9,404
-3% -$2.97M
COF icon
24
Capital One
COF
$135B
$67.5M 0.97%
1,339,145
+32,237
+2% +$2.83M
CMCSA icon
25
Comcast
CMCSA
$90.7B
$66M 0.94%
1,918,684
-45,474
-2% -$1.92M
1
2 3 4 5

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SC
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TCA
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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
HL
Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return
FCM
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CCM
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Thornburg Investment Management's Q1 2020 Portfolio in Review

As of Q1 2020, Thornburg Investment Management held 187 positions worth $6.99B, down 33% from $10.4B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Thornburg Investment Management withdrew a net $819M in Q1 2020, closing 24 positions and reducing 83 holdings. Its most notable exit was AT&T, an estimated $54.1M position sold in full.

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

Against the trend, Thornburg Investment Management opened a new position in Equitable Holdings worth $170M.

  • Thornburg Investment Management's largest Q1 2020 buy was Equitable Holdings: 11,790,135 shares worth $170M.
  • Thornburg Investment Management added most to Walgreens Boots Alliance in Q1 2020, an estimated $73.8M increase.
  • Thornburg Investment Management's biggest Q1 2020 reduction was Las Vegas Sands, cutting an estimated $239M.
  • Thornburg Investment Management fully exited AT&T in Q1 2020, selling an estimated $54.1M.
  • Thornburg Investment Management's ten largest holdings make up 41% of its $6.99B portfolio in Q1 2020.
  • Thornburg Investment Management opened 16 new positions and closed 24 in Q1 2020.
  • Thornburg Investment Management's portfolio value fell 33% quarter-over-quarter to $6.99B.

Based on Thornburg Investment Management's 13F filing for Q1 2020, filed 13 May 2020.