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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
+23.25%
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
$8.43B
AUM Growth
+$862M
Cap. Flow
-$470M
Cap. Flow %
-5.58%
Top 10 Hldgs %
37.84%
Holding
243
New
79
Increased
39
Reduced
93
Closed
16

Top Buys

Rank Stock Value
1
SHOP icon
Shopify
SHOP
+$54.7M
2
BKI
Black Knight, Inc. Common Stock
BKI
+$42.7M
3
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
+$41.1M
4
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$39.5M
5
CME icon
CME Group
CME
+$36.5M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$93.3M
2
META icon
Meta Platforms (Facebook)
META
+$73.5M
3
FNV icon
Franco-Nevada
FNV
+$70.5M
4
NFLX icon
Netflix
NFLX
+$67.8M
5
VLO icon
Valero Energy
VLO
+$67.7M

Sector Composition

Rank Sector Weight
1 Financials 25.38%
2 Technology 24.79%
3 Healthcare 15.2%
4 Consumer Discretionary 13.35%
5 Industrials 5.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CME icon
1
CME Group
CME
$93.7B
$394M 4.68%
2,164,729
+214,817
+11% +$36.5M
JPM icon
2
JPMorgan Chase
JPM
$963B
$379M 4.5%
2,985,693
-460,952
-13% -$51.5M
AVGO icon
3
Broadcom
AVGO
$1.98T
$372M 4.42%
8,505,000
-1,500
-0% -$58.5K
ABBV icon
4
AbbVie
ABBV
$441B
$370M 4.39%
3,452,879
-255,389
-7% -$24.5M
BABA icon
5
Alibaba
BABA
$307B
$344M 4.08%
1,477,306
-59,851
-4% -$16.6M
QCOM icon
6
Qualcomm
QCOM
$170B
$324M 3.84%
2,125,625
+622
+0% +$86.6K
C icon
7
Citigroup
C
$228B
$297M 3.53%
4,819,882
+180,036
+4% +$9.15M
HD icon
8
Home Depot
HD
$354B
$282M 3.35%
1,062,043
-88,704
-8% -$24.4M
EQH icon
9
Equitable Holdings
EQH
$14B
$224M 2.66%
8,757,942
-2,236,693
-20% -$52.3M
WBA
10
DELISTED
Walgreens Boots Alliance
WBA
$202M 2.39%
5,057,174
-821,904
-14% -$31.8M
RF icon
11
Regions Financial
RF
$27B
$185M 2.19%
11,467,529
-357,000
-3% -$5.16M
CIM
12
Chimera Investment
CIM
$1,000M
$166M 1.97%
5,394,977
+521,620
+11% +$15.1M
MA icon
13
Mastercard
MA
$494B
$159M 1.88%
444,075
-18,325
-4% -$6.1M
MRK icon
14
Merck
MRK
$322B
$147M 1.75%
1,885,016
-324,706
-15% -$24.8M
ATVI
15
DELISTED
Activision Blizzard
ATVI
$133M 1.57%
1,428,201
-639,567
-31% -$52M
PFE icon
16
Pfizer
PFE
$152B
$126M 1.49%
3,411,174
-184,816
-5% -$6.78M
TSM icon
17
TSMC
TSM
$2.18T
$123M 1.46%
1,131,826
+103,526
+10% +$9.82M
LYB icon
18
LyondellBasell Industries
LYB
$20.6B
$112M 1.33%
1,223,285
+176,216
+17% +$14.4M
MELI icon
19
Mercado Libre
MELI
$98.6B
$106M 1.26%
63,554
+234
+0.4% +$330K
MU icon
20
Micron Technology
MU
$966B
$90.5M 1.07%
1,204,255
+112,581
+10% +$6.79M
COF icon
21
Capital One
COF
$135B
$88.6M 1.05%
896,657
-327,193
-27% -$27.8M
CP icon
22
Canadian Pacific Kansas City
CP
$80.6B
$88M 1.04%
1,269,075
-3,655
-0.3% -$238K
CSCO icon
23
Cisco
CSCO
$475B
$83.7M 0.99%
1,870,003
-252,838
-12% -$10.4M
SLRC icon
24
SLR Investment Corp
SLRC
$702M
$81.4M 0.97%
4,649,456
– –
LAMR icon
25
Lamar Advertising Co
LAMR
$15.8B
$80.9M 0.96%
971,636
-588,351
-38% -$44M
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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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 Q4 2020 Portfolio in Review

As of Q4 2020, Thornburg Investment Management held 243 positions worth $8.43B, up 11% from $7.56B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Thornburg Investment Management withdrew a net $470M in Q4 2020, closing 16 positions and reducing 93 holdings. Its most notable exit was MFA Financial, an estimated $66.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Thornburg Investment Management opened a new position in Shopify worth $59M.

  • Thornburg Investment Management's largest Q4 2020 buy was Shopify: 521,410 shares worth $59M.
  • Thornburg Investment Management added most to CME Group in Q4 2020, an estimated $36.5M increase.
  • Thornburg Investment Management's biggest Q4 2020 reduction was Alphabet (Google) Class C, cutting an estimated $93.3M.
  • Thornburg Investment Management fully exited MFA Financial in Q4 2020, selling an estimated $66.3M.
  • Thornburg Investment Management's ten largest holdings make up 38% of its $8.43B portfolio in Q4 2020.
  • Thornburg Investment Management opened 79 new positions and closed 16 in Q4 2020.
  • Thornburg Investment Management's portfolio value rose 11% quarter-over-quarter to $8.43B.

Based on Thornburg Investment Management's 13F filing for Q4 2020, filed 9 Feb 2021.