Fund Holdings — THORNBURG INVESTMENT MANAGEMENT INC

Total Portfolio Value:
$10.45B
Total Bought:
$1.83B
Total Sold:
$1.00B
Net Transaction:
+$831.12M
Securities
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SharesValue
Q1 2026
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Q2 2026
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Change
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Q1 2026
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Q2 2026
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Weight (%)
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Change
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Citigroup Inc.(C)7,988,2107,546,686-441,524$905.94M$1.06B10.10%+$150.29M
TotalEnergies SEACT(TTE)11,660,98311,828,205+167,222$1.09B$919.02M8.79%-$170.89M
AT&T Inc.(T)31,045,24436,023,313+4,978,069$900.00M$745.68M7.13%-$154.32M
Broadcom Inc.(AVGO)2,083,6461,830,149-253,497$644.91M$691.34M6.61%+$46.43M
Kimberly-Clark Corporation(KMB)05,760,888+5,760,888$0$632.37M6.05%+$632.37M
AstraZeneca PLC(AZN)2,858,6512,891,426+32,775$555.67M$540.61M5.17%-$15.05M
Merck & Co., Inc.(MRK)3,728,6733,787,976+59,303$448.52M$486.75M4.66%+$38.23M
Taiwan Semiconductor Manufacturing Company LimitedADS(TSM)701,352764,867+63,515$237.02M$365.28M3.49%+$128.26M
Cisco Systems, Inc.(CSCO)2,914,3332,715,962-198,371$226.12M$319.02M3.05%+$92.89M
TC Energy Corporation(TRP)4,720,7224,755,014+34,292$295.04M$314.61M3.01%+$19.57M
CME Group Inc.(CME)1,145,4421,132,435-13,007$338.31M$250.08M2.39%-$88.23M
Equitable Hldgs Inc4,994,2055,142,337+148,132$185.33M$225.65M2.16%+$40.31M
Freeport-McMoRan Inc.CL B(FCX)2,836,2343,304,828+468,594$166.71M$207.84M1.99%+$41.13M
Regions Financial Corporation(RF)6,515,2726,746,453+231,181$170.18M$203.74M1.95%+$33.56M
Enbridge Inc.(ENB)3,641,0343,674,988+33,954$197.18M$199.11M1.90%+$1.94M
Medtronic plcSHS(MDT)2,017,0772,511,730+494,653$174.78M$196.49M1.88%+$21.71M
Canadian Pacific Kansas City Limited(CP)2,028,7132,017,847-10,866$159.58M$174.85M1.67%+$15.27M
Alphabet Inc.CL A(GOOG)424,942488,051+63,109$122.20M$174.41M1.67%+$52.22M
The Home Depot, Inc.(HD)521,009464,895-56,114$171.35M$163.96M1.57%-$7.40M
Linde plcSHS(LIN)274,372270,794-3,578$135.41M$140.70M1.35%+$5.29M
AbbVie Inc.(ABBV)502,832541,146+38,314$109.36M$136.17M1.30%+$26.81M
South Bow Corporation(SOBO)3,632,8753,721,332+88,457$120.68M$130.97M1.25%+$10.30M
Ferrovial Nv
ORD SHS
1,739,3411,712,697-26,644$111.60M$117.35M1.12%+$5.75M
Alcon Inc.(ALC)1,708,6771,632,356-76,321$128.42M$109.65M1.05%-$18.76M
The Charles Schwab Corporation(SCHW)809,5601,170,451+360,891$76.08M$108.00M1.03%+$31.92M
Eli Lilly and Company(LLY)60,17879,682+19,504$55.35M$95.57M0.91%+$40.22M
Chimera Investment Corporation(CIM)5,476,3025,511,923+35,621$68.73M$73.53M0.70%+$4.80M
Meta Platforms, Inc.CL A(META)126,216130,466+4,250$72.21M$73.49M0.70%+$1.28M
Kanzhun LimitedADS(BZ)6,232,8465,413,729-819,117$83.46M$69.67M0.67%-$13.78M
Mastercard IncorporatedCL A(MA)97,913123,446+25,533$48.92M$63.40M0.61%+$14.48M
Alibaba Group Holding LimitedADS(BABA)610,184617,721+7,537$76.55M$59.29M0.57%-$17.26M
SLR Investment Corp.(SLRC)4,633,4314,708,772+75,341$66.30M$58.25M0.56%-$8.06M
Booking Holdings Inc.(BKNG)11,211316,223+305,012$47.20M$56.36M0.54%+$9.16M
Adobe Inc.(ADBE)173,515269,807+96,292$42.18M$55.32M0.53%+$13.14M
MercadoLibre, Inc.(MELI)31,02229,450-1,572$53.64M$49.99M0.48%-$3.65M
Advanced Micro Devices, Inc.(AMD)122,56884,425-38,143$24.93M$49.04M0.47%+$24.11M
Netflix, Inc.(NFLX)125,985665,548+539,563$12.11M$47.52M0.45%+$35.41M
Pfizer Inc.(PFE)2,242,1861,970,004-272,182$62.96M$47.44M0.45%-$15.52M
The TJX Companies, Inc.(TJX)263,663308,876+45,213$42.11M$46.79M0.45%+$4.69M
L3Harris Technologies, Inc.(LHX)126,698153,148+26,450$43.73M$44.50M0.43%+$773.5K
Capital One Financial Corporation(COF)139,670199,843+60,173$25.48M$40.09M0.38%+$14.61M
CACI International IncCL A(CACI)84,56886,051+1,483$45.99M$39.86M0.38%-$6.13M
Asml Hldg NvN Y REGISTRY SHS
N Y REGISTRY SHS
19,51318,747-766$25.77M$37.30M0.36%+$11.52M
Micron Technology, Inc.(MU)24,62131,289+6,668$8.32M$36.12M0.35%+$27.80M
Sea LimitedADS(SE)369,873365,023-4,850$30.63M$34.98M0.33%+$4.35M
MidCap Financial Investment Corporation(MFIC)3,237,7833,237,7830$36.39M$32.64M0.31%-$3.76M
Ferrari N V
COM
96,04279,745-16,297$32.51M$29.69M0.28%-$2.82M
Shopify Inc.CL A(SHOP)233,601246,547+12,946$27.71M$28.15M0.27%+$441.0K
Microsoft Corporation(MSFT)27,52165,940+38,419$10.19M$24.60M0.24%+$14.41M
Mitsubishi UFJ Financial Group, Inc.ADS(MUFG)1,077,2311,229,407+152,176$18.28M$24.46M0.23%+$6.18M
Apple Inc.(AAPL)1,32983,343+82,014$337.3K$24.12M0.23%+$23.78M
ING Groep N.V.ADR(ING)666,239758,793+92,554$17.36M$23.81M0.23%+$6.46M
Coherent Corp.(COHR)74,77153,333-21,438$17.81M$21.04M0.20%+$3.23M
Arista Networks, Inc.(ANET)168,348115,902-52,446$20.67M$19.69M0.19%-$980.3K
Talen Energy Corporation(TLN)40,61149,589+8,978$12.96M$19.06M0.18%+$6.09M
Colliers International Group Inc.SUB VTG SHS(CIGI)123,834203,021+79,187$13.24M$19.04M0.18%+$5.80M
SAP SEADR(SAP)101,507119,017+17,510$17.38M$18.34M0.18%+$962.7K
AerCap Holdings N.V.SHS(AER)115,348121,999+6,651$15.82M$17.79M0.17%+$1.96M
Shell plcADS(SHEL)113,874228,036+114,162$10.59M$17.68M0.17%+$7.09M
Comcast Holdings ZONESZONES CV2 PCS(CCZ)000$17.22M$17.65M0.17%+$429.2K
Marex Group Limited(MRX)408,877275,027-133,850$18.23M$16.76M0.16%-$1.46M
LPL Financial Holdings Inc.(LPLA)37,01054,967+17,957$11.13M$15.48M0.15%+$4.35M
Sony Group CorporationADR(SONY)669,134749,018+79,884$13.85M$15.03M0.14%+$1.17M
Credicorp Ltd.(BAP)40,58434,945-5,639$13.77M$13.61M0.13%-$151.4K
IQVIA Holdings Inc.(IQV)069,029+69,029$0$13.34M0.13%+$13.34M
Credo Technology Group Holdi
ORDINARY SHARES
49,58447,952-1,632$4.65M$13.04M0.12%+$8.39M
SharkNinja, Inc.(SN)169,82185,212-84,609$17.98M$12.98M0.12%-$5.01M
Ishares TrMSCI EAFE ETF128,249122,310-5,939$12.46M$12.71M0.12%+$248.7K
Ishares TrMSCI All Country World Index ex US263,169163,166-100,003$18.02M$12.42M0.12%-$5.60M
The Progressive Corporation(PGR)5,67054,336+48,666$1.12M$11.87M0.11%+$10.75M
BBB Foods Inc.CL A(TBBB)169,676273,003+103,327$6.00M$11.38M0.11%+$5.37M
Uber Technologies, Inc.(UBER)0157,007+157,007$0$11.33M0.11%+$11.33M
XP Inc.CL A(XP)570,057671,549+101,492$10.85M$10.92M0.10%+$65.5K
Nu Holdings Ltd.CL A(NU)840,203811,444-28,759$12.07M$10.84M0.10%-$1.23M
TransUnion(TRU)151,605138,545-13,060$10.49M$9.99M0.10%-$494.9K
Makemytrip Limited MauritiusSHS
SHS
302,535185,032-117,503$11.28M$9.86M0.09%-$1.42M
Builders FirstSource, Inc.(BLDR)179,104108,892-70,212$14.75M$9.74M0.09%-$5.00M
Cellebrite DI Ltd.(CLBT)811,748618,857-192,891$11.19M$9.04M0.09%-$2.15M
Lam Research Corporation(LRCX)020,299+20,299$0$8.80M0.08%+$8.80M
Victorias Secret & Co.(VSXY)32,03296,954+64,922$1.49M$8.09M0.08%+$6.61M
CCC Intelligent Solutions Holdings Inc.(CCC)447,7441,524,462+1,076,718$2.69M$7.87M0.08%+$5.18M
Argan Inc24,8489,843-15,005$13.53M$7.86M0.08%-$5.67M
ICICI Bank LimitedADR(IBN)193,500269,353+75,853$5.01M$7.82M0.07%+$2.81M
SiTime Corporation(SITM)21,2079,397-11,810$7.32M$7.01M0.07%-$317.8K
Royalty Pharma plcCL A(RPRX)31,409123,122+91,713$1.51M$6.90M0.07%+$5.40M
Vertiv Holdings CoCL A(VRT)115,01620,161-94,855$28.82M$6.75M0.06%-$22.07M
Somnigroup International Inc.(SGI)081,948+81,948$0$6.42M0.06%+$6.42M
Datadog, Inc.CL A(DDOG)4,68624,003+19,317$553.2K$6.25M0.06%+$5.70M
Heico Corp NewCL A5,51224,161+18,649$1.16M$6.23M0.06%+$5.07M
Repligen Corporation(RGEN)29,40143,887+14,486$3.46M$5.99M0.06%+$2.52M
Reddit, Inc.CL A(RDDT)8,43134,236+25,805$1.14M$5.94M0.06%+$4.81M
Deckers Outdoor Corporation(DECK)50,88959,841+8,952$5.09M$5.94M0.06%+$848.1K
S&P Global Inc.(SPGI)5,54714,103+8,556$2.36M$5.74M0.05%+$3.38M
Diageo plcADR(DEO)44,44266,475+22,033$3.31M$5.34M0.05%+$2.03M
StandardAero, Inc.(SARO)167,359175,259+7,900$4.32M$5.24M0.05%+$919.1K
Raymond James Financial, Inc.(RJF)033,203+33,203$0$5.05M0.05%+$5.05M
SLB N.V.(SLB)33,154106,506+73,352$1.70M$4.95M0.05%+$3.25M
Tapestry, Inc.(TPR)6,13029,851+23,721$865.0K$4.37M0.04%+$3.50M
Lyondellbasell Industries NvSHS A
SHS - A -
977,08182,904-894,177$78.71M$4.36M0.04%-$74.35M
Samsara Inc.CL A(IOT)35,873128,450+92,577$1.14M$4.17M0.04%+$3.03M
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