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TBLD

Thornburg Income Builder Opportunities Trust
TBLD

56 hedge funds and large institutions have $185M invested in Thornburg Income Builder Opportunities Trust in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

155% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 11

14% more funds holding

Funds holding: 49 → 56 (+7)

7% more capital invested

Capital invested by funds: $173M → $185M (+$11.5M)

1.42% more ownership

Funds ownership: 27.14% → 28.56% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
56
Holders Change
+7
Holders Change %
+14.29%
% of All Funds
0.68%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
12
Increased
28
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$1.85M
2
WAM
Wolverine Asset Management
Illinois
+$1.4M
3
AAM
Advisors Asset Management
Colorado
+$1.37M
4
SFS
Shaker Financial Services
Virginia
+$1.1M
5
DWM
Dakota Wealth Management
Florida
+$995K

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$4.72M
2
Raymond James Financial
Raymond James Financial
Florida
-$2.67M
3
VF
Virtu Financial
New York
-$294K
4
Calamos Advisors
Calamos Advisors
Illinois
-$273K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$207K
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Dakota Wealth Management
Florida
$1,000K +$995K +49,748 New
PFO
27
PMG Family Office
Texas
$956K +$100 +5 +0%
RAM
28
Readystate Asset Management
Illinois
$955K +$950K +47,524 New
FMN
29
Financial Management Network
California
$889K -$11K -549 -1%
WS
30
Wedbush Securities
California
$803K +$31K +1,550 +4%
CEFA
31
Closed-End Fund Advisors
Virginia
$784K +$781K +39,027 New
Osaic Holdings
32
Osaic Holdings
Arizona
$774K +$185K +9,264 +32%
OC
33
Oppenheimer & Co
New York
$723K -$72.4K -3,619 -9%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$679K – – –
HAIM
35
Hunter Associates Investment Management
Pennsylvania
$559K +$96K +4,800 +21%
AA
36
Advisory Advocates
Michigan
$527K +$524K +26,200 New
Comerica Bank
37
Comerica Bank
Texas
$486K +$12K +600 +3%
SPIA
38
Steward Partners Investment Advisory
New York
$447K +$15.8K +790 +4%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$411K -$76K -3,800 -16%
NA
40
NewEdge Advisors
Louisiana
$313K -$31.8K -1,590 -9%
KWM
41
KW Wealth Management
California
$283K +$281K +14,058 New
Brown Advisory
42
Brown Advisory
Maryland
$276K – – –
Bank of America
43
Bank of America
North Carolina
$269K -$900 -45 -0.3%
BBPWM
44
Blue Bell Private Wealth Management
Pennsylvania
$269K -$42.8K -2,140 -14%
HCM
45
Hicks Capital Management
Ohio
$258K – – –
BBHC
46
Brown Brothers Harriman & Co
New York
$242K – – –
LSIA
47
LaSalle St. Investment Advisors
Illinois
$238K +$6.92K +346 +3%
P
48
&Partners
Tennessee
$232K +$60 +3 +0%
SOS
49
Silver Oak Securities
Tennessee
$202K -$36.5K -1,825 -15%
PCG
50
Prosperity Consulting Group
Maryland
$201K – – –
1
2
3

TBLD Hedge Fund Activity: Q4 2025 in Review

56 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Thornburg Income Builder Opportunities Trust (TBLD) for Q4 2025, worth a combined $185M — up 6.6% from $173M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new TBLD positions and 4 closed out — a net gain of 8 holders — while 28 added to existing stakes and 11 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.85M. The largest seller was UBS Group, cutting an estimated $4.72M.

  • 56 institutional investors held Thornburg Income Builder Opportunities Trust (TBLD) as of Q4 2025, up from 49 in Q3 2025.
  • Funds reported $185M of Thornburg Income Builder Opportunities Trust stock for Q4 2025, up 6.6% quarter-over-quarter.
  • 12 funds opened new Thornburg Income Builder Opportunities Trust positions in Q4 2025 and 4 closed out, a net change of +8 holders.
  • The largest Thornburg Income Builder Opportunities Trust buyer in Q4 2025 was Morgan Stanley, an estimated $1.85M added.
  • The largest Thornburg Income Builder Opportunities Trust seller in Q4 2025 was UBS Group, an estimated $4.72M sold.

Based on aggregated 13F filings for Q4 2025.