We are live on ! Find out more
TIM

Thornburg Investment Management Portfolio holdings

AUM $10.5B
1-Year Est. Return 30.38%
This Fund
S&P 500
This Quarter Est. Return
+3.87%
1 Year Est. Return
+30.38%
3 Year Est. Return
+116.63%
5 Year Est. Return
+136.23%
10 Year Est. Return
+451.75%
AUM
$7.57B
AUM Growth
-$117M
Cap. Flow
-$234M
Cap. Flow %
-3.09%
Top 10 Hldgs %
45.71%
Holding
200
New
8
Increased
44
Reduced
120
Closed
12

Top Buys

Rank Stock Value
1
C icon
Citigroup
C
+$30.5M
2
PFE icon
Pfizer
PFE
+$28.6M
3
FCX icon
Freeport-McMoran
FCX
+$21.8M
4
ACWX icon
iShares MSCI ACWI ex US ETF
ACWX
+$21.7M
5
CSCO icon
Cisco
CSCO
+$19.6M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$83.6M
2
JPM icon
JPMorgan Chase
JPM
+$82.3M
3
EDU icon
New Oriental
EDU
+$52.9M
4
OWL icon
Blue Owl Capital
OWL
+$17.2M
5
TSM icon
TSMC
TSM
+$16.9M

Sector Composition

Rank Sector Weight
1 Financials 24.55%
2 Technology 19.69%
3 Healthcare 14.17%
4 Communication Services 12.09%
5 Consumer Discretionary 8.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVGO icon
1
Broadcom
AVGO
$1.77T
$731M 9.66%
3,153,835
-451,873
-13% -$83.6M
T icon
2
AT&T
T
$174B
$628M 8.3%
27,593,188
+652,246
+2% +$14.7M
C icon
3
Citigroup
C
$223B
$556M 7.35%
7,896,725
+452,840
+6% +$30.5M
CME icon
4
CME Group
CME
$101B
$300M 3.97%
1,292,107
+28,500
+2% +$6.55M
PFE icon
5
Pfizer
PFE
$160B
$263M 3.47%
9,895,877
+1,053,703
+12% +$28.6M
EQH icon
6
Equitable Holdings
EQH
$13.7B
$248M 3.28%
5,267,993
– –
HD icon
7
Home Depot
HD
$328B
$198M 2.62%
510,286
– –
MRK icon
8
Merck
MRK
$369B
$187M 2.47%
1,876,384
– –
TRP icon
9
TC Energy
TRP
$64.6B
$180M 2.38%
3,860,519
– –
TSM icon
10
TSMC
TSM
$2.22T
$168M 2.21%
848,689
-87,227
-9% -$16.9M
JPM icon
11
JPMorgan Chase
JPM
$942B
$156M 2.06%
649,220
-353,487
-35% -$82.3M
MDT icon
12
Medtronic
MDT
$115B
$154M 2.03%
1,925,176
+87,346
+5% +$7.56M
ENB icon
13
Enbridge
ENB
$109B
$152M 2.01%
3,587,620
– –
LYB icon
14
LyondellBasell Industries
LYB
$20.4B
$147M 1.94%
1,979,186
+1,142
+0.1% +$96K
CSCO icon
15
Cisco
CSCO
$442B
$145M 1.92%
2,448,169
+343,959
+16% +$19.6M
ABBV icon
16
AbbVie
ABBV
$456B
$144M 1.91%
812,100
-275
-0% -$50.6K
RF icon
17
Regions Financial
RF
$25.9B
$121M 1.6%
5,161,051
– –
META icon
18
Meta Platforms (Facebook)
META
$1.45T
$118M 1.56%
202,184
-16,424
-8% -$9.64M
LIN icon
19
Linde
LIN
$224B
$108M 1.43%
259,404
-4,757
-2% -$2.17M
PBR icon
20
Petrobras
PBR
$118B
$99.6M 1.32%
7,744,066
-3,669
-0% -$51.2K
CP icon
21
Canadian Pacific Kansas City
CP
$82.5B
$99.5M 1.32%
1,375,268
-18,884
-1% -$1.45M
GOOGL icon
22
Alphabet (Google) Class A
GOOGL
$4.17T
$98.5M 1.3%
520,521
-21,246
-4% -$3.72M
FCX icon
23
Freeport-McMoran
FCX
$113B
$93M 1.23%
2,441,053
+486,461
+25% +$21.8M
ALC icon
24
Alcon
ALC
$34.9B
$92M 1.22%
1,083,759
+145,662
+16% +$13.1M
FER icon
25
Ferrovial N.V. Ordinary Shares
FER
$42.4B
$71.3M 0.94%
1,711,546
+102,288
+6% +$4.16M
1
2 3 4 5

Similar funds

AAM
Alphadyne Asset Management New York $10.5B AUM 37.62% 1-Year Est. Return
RWP
RWA Wealth Partners Newton, Massachusetts $10.4B AUM 21.69% 1-Year Est. Return
CMTU
Capital Markets Trading (UK) London, United Kingdom $10.4B AUM 93.56% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $10.5B AUM 42.22% 1-Year Est. Return
GT
Greenleaf Trust Kalamazoo, Michigan $10.4B AUM 0.97% 1-Year Est. Return
ECU
Egerton Capital (UK) London, United Kingdom $10.4B AUM 25.66% 1-Year Est. Return
SCM
SCS Capital Management Boston, Massachusetts $10.6B AUM 19.73% 1-Year Est. Return
PCIA
Prime Capital Investment Advisors Overland Park, Kansas $10.3B AUM 25.54% 1-Year Est. Return

Thornburg Investment Management's Q4 2024 Portfolio in Review

As of Q4 2024, Thornburg Investment Management held 200 positions worth $7.57B, down 1.5% from $7.68B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Thornburg Investment Management withdrew a net $234M in Q4 2024, closing 12 positions and reducing 120 holdings. Its most notable exit was Blue Owl Capital, an estimated $17.2M 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 Talen Energy Corp worth $7.9M.

  • Thornburg Investment Management's largest Q4 2024 buy was Talen Energy Corp: 39,226 shares worth $7.9M.
  • Thornburg Investment Management added most to Citigroup in Q4 2024, an estimated $30.5M increase.
  • Thornburg Investment Management's biggest Q4 2024 reduction was Broadcom, cutting an estimated $83.6M.
  • Thornburg Investment Management fully exited Blue Owl Capital in Q4 2024, selling an estimated $17.2M.
  • Thornburg Investment Management's ten largest holdings make up 46% of its $7.57B portfolio in Q4 2024.
  • Thornburg Investment Management opened 8 new positions and closed 12 in Q4 2024.
  • Thornburg Investment Management's portfolio value fell 1.5% quarter-over-quarter to $7.57B.

Based on Thornburg Investment Management's 13F filing for Q4 2024, filed 14 Feb 2025.