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TIM

Thornburg Investment Management Portfolio holdings

AUM $9.63B
1-Year Est. Return 35.65%
This Fund
S&P 500
This Quarter Est. Return
+1.65%
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
$71.5B
AUM Growth
+$64B
Cap. Flow
-$354M
Cap. Flow %
-0.49%
Top 10 Hldgs %
48.07%
Holding
197
New
9
Increased
29
Reduced
135
Closed
15

Top Buys

Rank Stock Value
1
MRK icon
Merck
MRK
+$113M
2
MRX
Marex Group Limited Ordinary Shares
MRX
+$23.9M
3
ALC icon
Alcon
ALC
+$22.4M
4
SOBO
South Bow Corp
SOBO
+$19.3M
5
FCX icon
Freeport-McMoran
FCX
+$15.4M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$94.7M
2
CME icon
CME Group
CME
+$64.2M
3
AVGO icon
Broadcom
AVGO
+$32M
4
NVDA icon
NVIDIA
NVDA
+$23.6M
5
SHOP icon
Shopify
SHOP
+$22.3M

Sector Composition

Rank Sector Weight
1 Financials 25.3%
2 Healthcare 15.21%
3 Technology 15.07%
4 Communication Services 14.09%
5 Consumer Discretionary 8.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
1
AT&T
T
$168B
$7.8B 10.9%
27,584,862
-8,326
-0% -$209K
C icon
2
Citigroup
C
$228B
$5.6B 7.83%
7,890,018
-6,707
-0.1% -$511K
AVGO icon
3
Broadcom
AVGO
$1.98T
$5.03B 7.03%
3,002,533
-151,302
-5% -$32M
MRK icon
4
Merck
MRK
$322B
$2.77B 3.87%
3,086,806
+1,210,422
+65% +$113M
CME icon
5
CME Group
CME
$93.2B
$2.74B 3.83%
1,031,848
-260,259
-20% -$64.2M
EQH icon
6
Equitable Holdings
EQH
$14B
$2.53B 3.54%
4,855,273
-412,720
-8% -$21.6M
PFE icon
7
Pfizer
PFE
$152B
$2.51B 3.51%
9,895,773
-104
-0% -$2.72K
HD icon
8
Home Depot
HD
$353B
$1.87B 2.61%
509,374
-912
-0.2% -$355K
TRP icon
9
TC Energy
TRP
$66.3B
$1.82B 2.55%
3,860,519
– –
MDT icon
10
Medtronic
MDT
$116B
$1.73B 2.42%
1,922,810
-2,366
-0.1% -$212K
ENB icon
11
Enbridge
ENB
$113B
$1.59B 2.22%
3,587,620
– –
CSCO icon
12
Cisco
CSCO
$475B
$1.51B 2.11%
2,448,169
– –
JPM icon
13
JPMorgan Chase
JPM
$962B
$1.42B 1.98%
577,895
-71,325
-11% -$18.2M
LYB icon
14
LyondellBasell Industries
LYB
$20.7B
$1.4B 1.95%
1,982,012
+2,826
+0.1% +$213K
TSM icon
15
TSMC
TSM
$2.19T
$1.28B 1.79%
771,676
-77,013
-9% -$15M
ALC icon
16
Alcon
ALC
$36.7B
$1.26B 1.77%
1,333,526
+249,767
+23% +$22.4M
LIN icon
17
Linde
LIN
$226B
$1.21B 1.69%
259,055
-349
-0.1% -$157K
PBR icon
18
Petrobras
PBR
$116B
$1.11B 1.55%
7,750,838
+6,772
+0.1% +$93.4K
CP icon
19
Canadian Pacific Kansas City
CP
$80.8B
$1.09B 1.53%
1,557,543
+182,275
+13% +$13.9M
FCX icon
20
Freeport-McMoran
FCX
$96.4B
$1.08B 1.51%
2,844,178
+403,125
+17% +$15.4M
RF icon
21
Regions Financial
RF
$26.9B
$999M 1.4%
4,596,096
-564,955
-11% -$13.2M
META icon
22
Meta Platforms (Facebook)
META
$1.53T
$974M 1.36%
169,008
-33,176
-16% -$21.4M
FER icon
23
Ferrovial N.V. Ordinary Shares
FER
$47.3B
$763M 1.07%
1,727,883
+16,337
+1% +$704K
GOOGL icon
24
Alphabet (Google) Class A
GOOGL
$4.2T
$760M 1.06%
491,581
-28,940
-6% -$5.25M
SLRC icon
25
SLR Investment Corp
SLRC
$706M
$737M 1.03%
4,372,550
– –
1
2 3 4 5

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SC
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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 Q1 2025 Portfolio in Review

As of Q1 2025, Thornburg Investment Management held 197 positions worth $71.5B, up 845% from $7.57B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Thornburg Investment Management's Q1 2025 filing shows 9 new, 29 increased, 135 reduced and 15 closed positions. Its largest new stake was Marex Group Limited Ordinary Shares: 687,673 shares worth $243M. The largest sale was AbbVie, an estimated $94.7M.

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

  • Thornburg Investment Management's largest Q1 2025 buy was Marex Group Limited Ordinary Shares: 687,673 shares worth $243M.
  • Thornburg Investment Management added most to Merck in Q1 2025, an estimated $113M increase.
  • Thornburg Investment Management's biggest Q1 2025 reduction was AbbVie, cutting an estimated $94.7M.
  • Thornburg Investment Management fully exited Acushnet Holdings in Q1 2025, selling an estimated $10.9M.
  • Thornburg Investment Management's ten largest holdings make up 48% of its $71.5B portfolio in Q1 2025.
  • Thornburg Investment Management opened 9 new positions and closed 15 in Q1 2025.
  • Thornburg Investment Management's portfolio value rose 845% quarter-over-quarter to $71.5B.

Based on Thornburg Investment Management's 13F filing for Q1 2025, filed 8 May 2025.