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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
+8.23%
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
$7.56B
AUM Growth
-$223M
Cap. Flow
-$685M
Cap. Flow %
-9.05%
Top 10 Hldgs %
38.68%
Holding
179
New
20
Increased
21
Reduced
109
Closed
15

Top Buys

Rank Stock Value
1
VNET
VNET Group
VNET
+$45.7M
2
RACE icon
Ferrari
RACE
+$39.6M
3
CIM
Chimera Investment
CIM
+$28.8M
4
FNV icon
Franco-Nevada
FNV
+$24.1M
5
NIO icon
NIO
NIO
+$20.5M

Top Sells

Rank Stock Value
1
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$83.9M
2
CCI icon
Crown Castle
CCI
+$63.4M
3
QCOM icon
Qualcomm
QCOM
+$54.8M
4
AVGO icon
Broadcom
AVGO
+$37.9M
5
FMX icon
Fomento Económico Mexicano
FMX
+$34.9M

Sector Composition

Rank Sector Weight
1 Financials 24.22%
2 Technology 21.1%
3 Consumer Discretionary 15.28%
4 Healthcare 14.92%
5 Communication Services 8.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
1
Alibaba
BABA
$306B
$452M 5.97%
1,537,157
-56,789
-4% -$15M
JPM icon
2
JPMorgan Chase
JPM
$962B
$332M 4.39%
3,446,645
-51,629
-1% -$5.07M
CME icon
3
CME Group
CME
$93.2B
$326M 4.31%
1,949,912
-34,322
-2% -$5.78M
ABBV icon
4
AbbVie
ABBV
$442B
$325M 4.29%
3,708,268
-27,637
-0.7% -$2.6M
HD icon
5
Home Depot
HD
$353B
$320M 4.22%
1,150,747
-113,570
-9% -$30.8M
AVGO icon
6
Broadcom
AVGO
$1.98T
$310M 4.1%
8,506,500
-1,132,380
-12% -$37.9M
QCOM icon
7
Qualcomm
QCOM
$171B
$250M 3.31%
2,125,003
-512,675
-19% -$54.8M
WBA
8
DELISTED
Walgreens Boots Alliance
WBA
$211M 2.79%
5,879,078
+36,830
+0.6% +$1.44M
EQH icon
9
Equitable Holdings
EQH
$14B
$201M 2.65%
10,994,635
-795,500
-7% -$16M
C icon
10
Citigroup
C
$228B
$200M 2.64%
4,639,846
-21,812
-0.5% -$1.09M
MRK icon
11
Merck
MRK
$322B
$175M 2.31%
2,209,722
-319,299
-13% -$25M
ATVI
12
DELISTED
Activision Blizzard
ATVI
$167M 2.21%
2,067,768
+22,037
+1% +$1.79M
MA icon
13
Mastercard
MA
$492B
$156M 2.07%
462,400
-25,637
-5% -$8.34M
META icon
14
Meta Platforms (Facebook)
META
$1.53T
$136M 1.8%
520,962
-120,241
-19% -$31M
RF icon
15
Regions Financial
RF
$26.9B
$136M 1.8%
11,824,529
+1,838,529
+18% +$20.5M
PFE icon
16
Pfizer
PFE
$152B
$125M 1.66%
3,595,990
-32,653
-0.9% -$1.14M
CIM
17
Chimera Investment
CIM
$996M
$120M 1.58%
4,873,357
+1,082,396
+29% +$28.8M
LAMR icon
18
Lamar Advertising Co
LAMR
$15.6B
$103M 1.36%
1,559,987
– –
GOOG icon
19
Alphabet (Google) Class C
GOOG
$4.19T
$92.3M 1.22%
1,255,960
-211,880
-14% -$16.2M
CCI icon
20
Crown Castle
CCI
$31.3B
$91.8M 1.21%
551,143
-384,168
-41% -$63.4M
COF icon
21
Capital One
COF
$134B
$87.9M 1.16%
1,223,850
-23,603
-2% -$1.58M
V icon
22
Visa
V
$677B
$86.1M 1.14%
430,653
-2,723
-0.6% -$544K
CSCO icon
23
Cisco
CSCO
$475B
$83.6M 1.11%
2,122,841
– –
TSM icon
24
TSMC
TSM
$2.19T
$83.4M 1.1%
1,028,300
-284,386
-22% -$21.6M
CP icon
25
Canadian Pacific Kansas City
CP
$80.8B
$77.5M 1.02%
1,272,730
-5,375
-0.4% -$307K
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
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
CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return

Thornburg Investment Management's Q3 2020 Portfolio in Review

As of Q3 2020, Thornburg Investment Management held 179 positions worth $7.56B, down 2.9% from $7.79B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Thornburg Investment Management withdrew a net $685M in Q3 2020, closing 15 positions and reducing 109 holdings. Its most notable exit was Fomento Económico Mexicano, an estimated $34.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Thornburg Investment Management opened a new position in VNET Group worth $45.5M.

  • Thornburg Investment Management's largest Q3 2020 buy was VNET Group: 1,962,647 shares worth $45.5M.
  • Thornburg Investment Management added most to Chimera Investment in Q3 2020, an estimated $28.8M increase.
  • Thornburg Investment Management's biggest Q3 2020 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $83.9M.
  • Thornburg Investment Management fully exited Fomento Económico Mexicano in Q3 2020, selling an estimated $34.9M.
  • Thornburg Investment Management's ten largest holdings make up 39% of its $7.56B portfolio in Q3 2020.
  • Thornburg Investment Management opened 20 new positions and closed 15 in Q3 2020.
  • Thornburg Investment Management's portfolio value fell 2.9% quarter-over-quarter to $7.56B.

Based on Thornburg Investment Management's 13F filing for Q3 2020, filed 5 Nov 2020.