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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
UBS Group
1
UBS Group
Switzerland
$35.9M -$4.72M -235,912 -12%
DWM
2
DKM Wealth Management
California
$19.2M +$238K +11,919 +1%
Stifel Financial
3
Stifel Financial
Missouri
$14.5M +$334K +16,682 +2%
Raymond James Financial
4
Raymond James Financial
Florida
$14M -$2.67M -133,551 -16%
AAM
5
Advisors Asset Management
Colorado
$13.6M +$1.37M +68,635 +11%
Morgan Stanley
6
Morgan Stanley
New York
$11.8M +$1.85M +92,478 +19%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$9.88M +$905K +45,271 +10%
KCP
8
Kera Capital Partners
California
$9.22M +$666K +33,282 +8%
Wells Fargo
9
Wells Fargo
California
$8.25M +$560K +28,014 +7%
LPL Financial
10
LPL Financial
California
$5.24M +$849K +42,434 +19%
TJHA
11
Thomas J. Herzfeld Advisors
Florida
$4.66M +$76K +3,799 +2%
Rockefeller Capital Management
12
Rockefeller Capital Management
New York
$3.16M +$318K +15,912 +11%
Wealth Enhancement Advisory Services
13
Wealth Enhancement Advisory Services
Minnesota
$3.13M +$687K +34,372 +29%
PAG
14
Private Advisor Group
New Jersey
$2.45M +$15.3K +766 +0.6%
KAS
15
Kestra Advisory Services
Texas
$1.84M +$12K +599 +0.7%
SA
16
Sanctuary Advisors
Indiana
$1.72M -$26K -1,298 -1%
HWAM
17
Hennion & Walsh Asset Management
New Jersey
$1.7M +$621K +31,046 +58%
EPW
18
Evolve Private Wealth
California
$1.69M +$1.68M +83,818 New
CIA
19
Concurrent Investment Advisors
Florida
$1.69M +$214K +10,709 +15%
ACM
20
Alessandra Capital Management
California
$1.68M +$1.67M +83,734 New
WAM
21
Wolverine Asset Management
Illinois
$1.4M +$1.4M +69,875 New
DADC
22
D.A. Davidson & Co
Montana
$1.39M +$77.9K +3,895 +6%
Invesco
23
Invesco
Georgia
$1.35M +$11K +552 +0.8%
Janney Montgomery Scott
24
Janney Montgomery Scott
Pennsylvania
$1.28M -$73K -3,649 -5%
SFS
25
Shaker Financial Services
Virginia
$1.11M +$1.1M +54,866 New
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.