Fund HoldingsTHORNBURG INVESTMENT MANAGEMENT INC

Total Portfolio Value
$71.54B
Total Bought
$11.02B
Total Sold
$47.47B
Net Transaction
-$36.45B
Filing Period:
Securities
SharesValue ($K)
Q4 2024
Q1 2025
Change
Q4 2024
Q1 2025
Weight (%)
Change
AT&T INC(T)27,593,18827,584,862-8,326628,2977,800,99910.90%+7,172,702
CITIGROUP INC(C)7,896,7257,890,018-6,707555,8505,601,1247.83%+5,045,273
BROADCOM INC(AVGO)3,153,8353,002,533-151,302731,1855,027,1417.03%+4,295,956
MERCK & CO INC(MRK)03,086,806+3,086,80602,770,7173.87%+2,770,717
CME GROUP INC(CME)1,292,1071,031,848-260,259300,0662,737,3903.83%+2,437,324
EQUITABLE HLDGS INC5,267,9934,855,273-412,720248,4912,529,1123.54%+2,280,620
PFIZER INC(PFE)9,895,8779,895,773-104262,5382,507,5893.50%+2,245,051
HOME DEPOT INC(HD)0509,374+509,37401,866,8052.61%+1,866,805
TC ENERGY CORP(TRP)03,860,519+3,860,51901,823,5972.55%+1,823,597
MEDTRONIC PLC(MDT)01,922,810+1,922,81001,727,8372.42%+1,727,837
ENBRIDGE INC(ENB)3,587,6203,587,6200152,2121,588,2082.22%+1,435,996
CISCO SYS INC(CSCO)2,448,1692,448,1690144,9321,510,7652.11%+1,365,833
JPMORGAN CHASE & CO.(JPM)0577,895+577,89501,417,5761.98%+1,417,576
LYONDELLBASELL INDUSTRIES N
SHS - A -
01,982,012+1,982,01201,395,3361.95%+1,395,336
ALCON AG(ALC)01,333,526+1,333,52601,262,8701.77%+1,262,870
TAIWAN SEMICONDUCTOR MFG LTD(TSM)848,689771,676-77,013167,6081,280,9821.79%+1,113,375
LINDE PLC(LIN)0259,055+259,05501,207,0691.69%+1,207,069
PETROLEO BRASILEIRO SA PETRO(PBR)07,750,838+7,750,83801,111,4701.55%+1,111,470
CANADIAN PACIFIC KANSAS CITY(CP)01,557,543+1,557,54301,093,5511.53%+1,093,551
FREEPORT-MCMORAN INC(FCX)02,844,178+2,844,17801,076,8061.51%+1,076,806
REGIONS FINANCIAL CORP NEW(RF)5,161,0514,596,096-564,955121,388998,7321.40%+877,344
META PLATFORMS INC(META)0169,008+169,0080974,0951.36%+974,095
FERROVIAL SE
ORD SHS
1,695,1811,711,361+16,18071,253763,1131.07%+691,859
SLR INVESTMENT CORP4,372,5504,372,550070,660737,2121.03%+666,552
ALPHABET INC(GOOG)520,521491,581-28,94098,535760,1811.06%+661,646
SCHWAB CHARLES CORP(SCHW)936,351901,559-34,79269,299705,7400.99%+636,441
ALIBABA GROUP HLDG LTD(BABA)0493,774+493,7740652,9170.91%+652,917
MERCADOLIBRE INC(MELI)032,740+32,7400638,7150.89%+638,715
CHIMERA INVT CORP(CIM)04,948,735+4,948,7350634,9230.89%+634,923
MASTERCARD INCORPORATED(MA)116,501113,970-2,53161,346624,6920.87%+563,346
ABBVIE INC(ABBV)0324,841+324,8410680,6070.95%+680,607
SEA LTD(SE)378,991369,689-9,30240,211482,4070.67%+442,196
NOVO-NORDISK A S(NVO)0717,835+717,8350498,4650.70%+498,465
TJX COS INC NEW(TJX)421,491385,540-35,95150,920469,5880.66%+418,667
KANZHUN LIMITED(BZ)3,648,6222,360,107-1,288,51550,351452,4330.63%+402,082
BOOKING HOLDINGS INC(BKNG)11,2169,926-1,29055,726457,2820.64%+401,556
ELME COMMUNITIES02,205,668+2,205,6680383,7860.54%+383,786
ASTRAZENECA PLC(AZN)0517,087+517,0870380,0590.53%+380,059
MIDCAP FINANCIAL INVSTMNT CO2,937,7832,937,783039,631377,7990.53%+338,168
FERRARI N V
COM
084,760+84,7600362,6710.51%+362,671
CAPITAL ONE FINL CORP(COF)189,979189,940-3933,877340,5620.48%+306,685
CACI INTL INC(CACI)085,601+85,6010314,0870.44%+314,087
CASELLA WASTE SYS INC(CWST)304,657279,876-24,78132,236312,0900.44%+279,854
BUILDERS FIRSTSOURCE INC(BLDR)0225,956+225,9560282,3090.39%+282,309
MAREX GROUP PLC(MRX)0687,673+687,6730242,8860.34%+242,886
L3HARRIS TECHNOLOGIES INC(LHX)0127,818+127,8180267,5360.37%+267,536
FLUTTER ENTMT PLC(FLUT)110,316105,787-4,52928,511234,3710.33%+205,860
STEVANATO GROUP S P A
ORD SHS
1,122,0981,109,884-12,21424,451226,6380.32%+202,188
SOUTH BOW CORP(SOBO)0772,102+772,1020197,2790.28%+197,279
TECHNIPFMC PLC(FTI)0639,315+639,3150202,5990.28%+202,599
APPLIED INDL TECHNOLOGIES IN(AIT)95,97488,030-7,94422,983198,3670.28%+175,384
TRANSUNION(TRU)0225,769+225,7690187,3660.26%+187,366
SHARKNINJA INC(SN)0207,343+207,3430172,9450.24%+172,945
NVIDIA CORPORATION(NVDA)370,326184,428-185,89849,731199,8830.28%+150,152
SONY GROUP CORP(SONY)0651,408+651,4080165,3920.23%+165,392
TXNM ENERGY INC(TXNM)332,398298,264-34,13416,344159,5120.22%+143,168
ASML HOLDING N V
N Y REGISTRY SHS
025,781+25,7810170,8330.24%+170,833
BJS WHSL CLUB HLDGS INC(BJ)150,491133,562-16,92913,446152,3940.21%+138,948
PINNACLE FINL PARTNERS INC157,095145,820-11,27517,970154,6280.22%+136,657
TOTALENERGIES SE(TTE)0226,706+226,7060146,6560.20%+146,656
ADVANCED MICRO DEVICES INC(AMD)0152,484+152,4840156,6620.22%+156,662
LPL FINL HLDGS INC(LPLA)50,64945,968-4,68116,537150,3800.21%+133,842
NU HLDGS LTD(NU)01,445,548+1,445,5480148,0240.21%+148,024
MITSUBISHI UFJ FINL GROUP IN(MUFG)1,217,1011,055,372-161,72914,264143,8470.20%+129,583
CCC INTELLIGENT SOLUTIONS HL(CCC)1,770,6521,639,198-131,45420,770148,0200.21%+127,250
NUTANIX INC(NTNX)209,170194,099-15,07112,797135,5010.19%+122,703
CLEAN HARBORS INC(CLH)070,512+70,5120138,9790.19%+138,979
VERTIV HOLDINGS CO(VRT)239,907203,803-36,10427,256147,1460.21%+119,890
WASTE CONNECTIONS INC(WCN)066,622+66,6220130,0390.18%+130,039
WESTERN ALLIANCE BANCORP(WAL)0167,591+167,5910128,7600.18%+128,760
KEMPER CORP(KMPB)205,004190,338-14,66613,620127,2410.18%+113,620
ICON PLC(ICLR)082,318+82,3180144,0480.20%+144,048
AGILYSYS INC(AGYS)209,974194,390-15,58427,656141,0110.20%+113,355
ASSURANT INC(AIZ)64,23159,634-4,59713,695125,0820.17%+111,387
SENSIENT TECHNOLOGIES CORP(SXT)168,546156,493-12,05312,011116,4780.16%+104,467
WYNDHAM HOTELS & RESORTS INC(WH)150,544131,298-19,24615,173118,8380.17%+103,664
MYR GROUP INC DEL(MYRG)136,260109,161-27,09920,271123,4500.17%+103,179
GLOBANT S A
COM
0113,033+113,0330133,0620.19%+133,062
SHOPIFY INC(SHOP)0143,397+143,3970136,9150.19%+136,915
PURE STORAGE INC(P)286,350265,061-21,28917,590117,3430.16%+99,752
TECK RESOURCES LTD(TECK)0314,848+314,8480114,7090.16%+114,709
ARCOSA INC164,956149,428-15,52815,958115,2390.16%+99,281
ITT INC(ITT)085,580+85,5800110,5350.15%+110,535
GROUP 1 AUTOMOTIVE INC(GPI)33,16729,112-4,05513,979111,1930.16%+97,214
WALKER & DUNLOP INC(WD)0128,814+128,8140109,9560.15%+109,956
ING GROEP N.V.(ING)0521,307+521,3070102,1240.14%+102,124
CYTOKINETICS INC(CYTK)0260,893+260,8930104,8530.15%+104,853
ISHARES TR564,817215,665-349,15229,461119,5860.17%+90,125
XPO INC(XPO)102,87795,498-7,37913,492102,7370.14%+89,244
COMCAST HOLDINGS CORP(CCZ)0009,68696,3200.13%+86,634
COHERENT CORP(COHR)0155,995+155,9950101,3030.14%+101,303
TENET HEALTHCARE CORP(THC)75,56970,161-5,4089,53994,3670.13%+84,827
DT MIDSTREAM INC(DTM)086,132+86,132083,1000.12%+83,100
TALEN ENERGY CORP(TLN)39,22645,143+5,9177,90390,1370.13%+82,234
TRIP COM GROUP LTD(TCOM)144,629140,825-3,8049,93089,5370.13%+79,606
SUNOPTA INC
COM
2,102,3191,951,789-150,53016,18894,8570.13%+78,669
KITE RLTY GROUP TR(KRG)0396,121+396,121088,6120.12%+88,612
COSTCO WHSL CORP NEW(COST)09,358+9,358088,5060.12%+88,506
AIR LEASE CORP
CL A
165,848175,146+9,2987,99684,6130.12%+76,618
CYBERARK SOFTWARE LTD26,97924,847-2,1328,98883,9830.12%+74,995
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