THORNBURG INVESTMENT MANAGEMENT INC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| CITIGROUP INC(C) | 8,066,349 | 8,022,240 | -44,109 | 686,607,627 | 814,257,360 | 10.62% | +127,649,733 |
| TRANSDIGM GROUP INC(TDG) | 0 | 47,636 | +47,636 | 0 | 62,785,201 | 0.82% | +62,785,201 |
| ALIBABA GROUP HLDG LTD(BABA) | 484,152 | 553,384 | +69,232 | 54,907,678 | 98,906,322 | 1.29% | +43,998,644 |
| ABBVIE INC(ABBV) | 320,135 | 401,760 | +81,625 | 59,423,459 | 93,023,510 | 1.21% | +33,600,051 |
| ALPHABET INC(GOOG) | 531,936 | 513,429 | -18,507 | 93,743,081 | 124,814,590 | 1.63% | +31,071,509 |
| TC ENERGY CORP(TRP) | 3,860,519 | 4,027,286 | +166,767 | 188,614,172 | 218,925,813 | 2.86% | +30,311,641 |
| TAIWAN SEMICONDUCTOR MFG LTD(TSM) | 708,696 | 664,576 | -44,120 | 160,512,557 | 185,609,431 | 2.42% | +25,096,874 |
| HOME DEPOT INC(HD) | 512,523 | 515,676 | +3,153 | 187,911,433 | 208,946,758 | 2.73% | +21,035,325 |
| SHOPIFY INC(SHOP) | 0 | 141,135 | +141,135 | 0 | 20,974,072 | 0.27% | +20,974,072 |
| ADOBE INC(ADBE) | 0 | 58,338 | +58,338 | 0 | 20,578,730 | 0.27% | +20,578,730 |
| ENBRIDGE INC(ENB) | 3,587,620 | 3,587,620 | 0 | 162,809,977 | 180,953,161 | 2.36% | +18,143,184 |
| MEDTRONIC PLC(MDT) | 1,922,810 | 1,930,295 | +7,485 | 167,611,348 | 183,841,296 | 2.40% | +16,229,948 |
| CME GROUP INC(CME) | 1,031,324 | 1,111,182 | +79,858 | 284,253,521 | 300,230,265 | 3.92% | +15,976,744 |
| REGIONS FINANCIAL CORP NEW(RF) | 4,596,096 | 4,624,765 | +28,669 | 108,100,178 | 121,955,053 | 1.59% | +13,854,875 |
| SOUTH BOW CORP(SOBO) | 1,656,020 | 1,997,301 | +341,281 | 43,046,540 | 56,504,104 | 0.74% | +13,457,564 |
| DUCOMMUN INC DEL(DCO) | 0 | 134,748 | +134,748 | 0 | 12,953,325 | 0.17% | +12,953,325 |
| ISHARES TR | 47,631 | 229,362 | +181,731 | 2,902,633 | 14,910,824 | 0.19% | +12,008,191 |
| CRANE NXT CO(CXT) | 0 | 147,954 | +147,954 | 0 | 9,923,275 | 0.13% | +9,923,275 |
| ARISTA NETWORKS INC(ANET) | 145,485 | 164,945 | +19,460 | 14,884,570 | 24,034,136 | 0.31% | +9,149,566 |
| LINDE PLC(LIN) | 259,501 | 275,063 | +15,562 | 121,890,557 | 130,992,985 | 1.71% | +9,102,428 |
| CANADIAN PACIFIC KANSAS CITY(CP) | 2,044,755 | 2,295,096 | +250,341 | 162,087,729 | 170,961,701 | 2.23% | +8,873,972 |
| CISCO SYS INC(CSCO) | 2,448,169 | 2,611,890 | +163,721 | 169,853,965 | 178,705,514 | 2.33% | +8,851,549 |
| AERCAP HOLDINGS NV(AER) | 0 | 72,238 | +72,238 | 0 | 8,740,798 | 0.11% | +8,740,798 |
| SERVICETITAN INC(TTAN) | 0 | 82,692 | +82,692 | 0 | 8,337,834 | 0.11% | +8,337,834 |
| VERRA MOBILITY CORP | 0 | 307,570 | +307,570 | 0 | 7,596,979 | 0.10% | +7,596,979 |
| FERROVIAL SE | 1,716,499 | 1,721,344 | +4,845 | 91,613,191 | 98,822,241 | 1.29% | +7,209,050 |
| L3HARRIS TECHNOLOGIES INC(LHX) | 127,375 | 127,284 | -91 | 31,950,745 | 38,873,806 | 0.51% | +6,923,061 |
| KANZHUN LIMITED(BZ) | 4,664,157 | 3,851,569 | -812,588 | 83,208,561 | 89,972,652 | 1.17% | +6,764,091 |
| ADTALEM GLOBAL ED INC(CVSA) | 104,615 | 124,872 | +20,257 | 13,310,166 | 19,286,480 | 0.25% | +5,976,314 |
| TRIP COM GROUP LTD(TCOM) | 133,239 | 181,913 | +48,674 | 7,813,135 | 13,679,858 | 0.18% | +5,866,723 |
| ITT INC(ITT) | 78,892 | 100,750 | +21,858 | 12,372,632 | 18,010,070 | 0.23% | +5,637,438 |
| PURE STORAGE INC(P) | 243,607 | 228,044 | -15,563 | 14,026,891 | 19,112,368 | 0.25% | +5,085,477 |
| CASEYS GEN STORES INC(CASY) | 0 | 8,857 | +8,857 | 0 | 5,007,039 | 0.07% | +5,007,039 |
| WALKER & DUNLOP INC(WD) | 118,734 | 159,641 | +40,907 | 8,368,372 | 13,349,180 | 0.17% | +4,980,808 |
| SEA LTD(SE) | 317,895 | 308,681 | -9,214 | 50,844,126 | 55,170,555 | 0.72% | +4,326,429 |
| TALEN ENERGY CORP(TLN) | 44,139 | 39,260 | -4,879 | 12,834,297 | 16,700,419 | 0.22% | +3,866,122 |
| FERRARI N V | 81,083 | 88,935 | +7,852 | 39,790,671 | 43,153,041 | 0.56% | +3,362,370 |
| SITIME CORP(SITM) | 16,000 | 21,037 | +5,037 | 3,409,280 | 6,338,659 | 0.08% | +2,929,379 |
| MITSUBISHI UFJ FINL GROUP IN(MUFG) | 1,081,116 | 1,106,617 | +25,501 | 14,832,912 | 17,639,475 | 0.23% | +2,806,563 |
| MAREX GROUP PLC(MRX) | 822,730 | 1,049,351 | +226,621 | 32,473,153 | 35,279,181 | 0.46% | +2,806,028 |
| AT&T INC(T) | 27,481,441 | 28,254,463 | +773,022 | 795,312,903 | 797,906,035 | 10.41% | +2,593,132 |
| ING GROEP N.V.(ING) | 534,851 | 546,389 | +11,538 | 11,697,191 | 14,249,825 | 0.19% | +2,552,634 |
| JPMORGAN CHASE & CO.(JPM) | 93,487 | 93,156 | -331 | 27,102,816 | 29,384,197 | 0.38% | +2,281,381 |
| CYTOKINETICS INC(CYTK) | 72,879 | 84,719 | +11,840 | 2,407,922 | 4,656,156 | 0.06% | +2,248,234 |
| WESTERN ALLIANCE BANCORP(WAL) | 154,520 | 164,612 | +10,092 | 12,049,470 | 14,275,153 | 0.19% | +2,225,683 |
| SONY GROUP CORP(SONY) | 662,836 | 672,733 | +9,897 | 17,253,621 | 19,367,983 | 0.25% | +2,114,362 |
| ULTRAGENYX PHARMACEUTICAL IN(RARE) | 0 | 69,248 | +69,248 | 0 | 2,082,980 | 0.03% | +2,082,980 |
| CACI INTL INC(CACI) | 85,403 | 85,593 | +190 | 40,711,610 | 42,692,077 | 0.56% | +1,980,467 |
| APPLIED INDL TECHNOLOGIES IN(AIT) | 78,401 | 77,372 | -1,029 | 18,224,312 | 20,197,961 | 0.26% | +1,973,649 |
| ISHARES TR | 40,774 | 59,881 | +19,107 | 3,644,788 | 5,591,089 | 0.07% | +1,946,301 |
| ADVANCED MICRO DEVICES INC(AMD) | 116,808 | 114,262 | -2,546 | 16,575,055 | 18,486,449 | 0.24% | +1,911,394 |
| DUTCH BROS INC(BROS) | 31,864 | 77,711 | +45,847 | 2,178,542 | 4,067,394 | 0.05% | +1,888,852 |
| ASML HOLDING N V | 23,165 | 21,058 | -2,107 | 18,564,199 | 20,386,039 | 0.27% | +1,821,840 |
| ASTRAZENECA PLC(AZN) | 535,650 | 510,947 | -24,703 | 37,431,222 | 39,199,854 | 0.51% | +1,768,632 |
| RAMBUS INC DEL(RMBS) | 86,748 | 68,591 | -18,157 | 5,553,607 | 7,147,182 | 0.09% | +1,593,575 |
| ARTIVION INC(AORT) | 132,672 | 132,672 | 0 | 4,126,099 | 5,617,333 | 0.07% | +1,491,234 |
| SUNOPTA INC | 1,858,287 | 2,088,513 | +230,226 | 10,778,065 | 12,238,686 | 0.16% | +1,460,621 |
| TENET HEALTHCARE CORP(THC) | 66,426 | 64,183 | -2,243 | 11,690,976 | 13,031,716 | 0.17% | +1,340,740 |
| ARGAN INC | 30,255 | 29,249 | -1,006 | 6,670,622 | 7,898,692 | 0.10% | +1,228,070 |
| OPEN TEXT CORP(OTEX) | 179,337 | 170,979 | -8,358 | 5,244,227 | 6,389,603 | 0.08% | +1,145,376 |
| CELSIUS HLDGS INC(CELH) | 99,131 | 99,131 | 0 | 4,598,687 | 5,699,041 | 0.07% | +1,100,354 |
| REPLIGEN CORP(RGEN) | 43,408 | 47,797 | +4,389 | 5,399,087 | 6,389,025 | 0.08% | +989,938 |
| COHERENT CORP(COHR) | 143,902 | 128,327 | -15,575 | 12,837,497 | 13,823,384 | 0.18% | +985,887 |
| INSMED INC(INSM) | 53,248 | 44,048 | -9,200 | 5,358,879 | 6,343,353 | 0.08% | +984,474 |
| CREDICORP LTD(BAP) | 57,488 | 51,776 | -5,712 | 12,849,718 | 13,786,913 | 0.18% | +937,195 |
| DIAGEO PLC(DEO) | 40,374 | 51,092 | +10,718 | 4,071,314 | 4,875,710 | 0.06% | +804,396 |
| STEPSTONE GROUP INC(STEP) | 73,141 | 73,141 | 0 | 4,059,326 | 4,776,839 | 0.06% | +717,513 |
| ASSURANT INC(AIZ) | 54,994 | 53,145 | -1,849 | 10,860,765 | 11,511,207 | 0.15% | +650,442 |
| MIDCAP FINANCIAL INVSTMNT CO | 2,937,783 | 3,137,783 | +200,000 | 37,074,822 | 37,622,018 | 0.49% | +547,196 |
| TECHNIPFMC PLC(FTI) | 528,609 | 472,380 | -56,229 | 18,205,294 | 18,635,391 | 0.24% | +430,097 |
| TJX COS INC NEW(TJX) | 319,080 | 275,387 | -43,693 | 39,403,189 | 39,804,437 | 0.52% | +401,248 |
| SHELL PLC(SHEL) | 106,230 | 108,798 | +2,568 | 7,479,654 | 7,782,321 | 0.10% | +302,667 |
| MICROSOFT CORP(MSFT) | 13,609 | 13,609 | 0 | 6,769,253 | 7,048,782 | 0.09% | +279,529 |
| DT MIDSTREAM INC(DTM) | 100,684 | 100,258 | -426 | 11,066,178 | 11,335,170 | 0.15% | +268,992 |
| REPAY HLDGS CORP | 1,131,947 | 1,093,704 | -38,243 | 5,455,985 | 5,720,072 | 0.07% | +264,087 |
| COLLIERS INTL GROUP INC(CIGI) | 0 | 1,668 | +1,668 | 0 | 260,817 | 0.00% | +260,817 |
| NU HLDGS LTD(NU) | 1,376,676 | 1,191,386 | -185,290 | 18,887,995 | 19,074,090 | 0.25% | +186,095 |
| SAIA INC(SAIA) | 10,655 | 10,368 | -287 | 2,919,364 | 3,103,765 | 0.04% | +184,401 |
| SAMSARA INC(IOT) | 77,406 | 87,174 | +9,768 | 3,079,211 | 3,247,232 | 0.04% | +168,021 |
| COMCAST HOLDINGS CORP(CCZ) | 0 | 0 | 0 | 16,882,882 | 17,050,295 | 0.22% | +167,413 |
| APPLE INC(AAPL) | 3,103 | 3,103 | 0 | 636,643 | 790,117 | 0.01% | +153,474 |
| CREDO TECHNOLOGY GROUP HOLDI | 82,334 | 53,049 | -29,285 | 7,623,305 | 7,724,465 | 0.10% | +101,160 |
| JFROG LTD(FROG) | 127,619 | 120,173 | -7,446 | 5,599,922 | 5,687,788 | 0.07% | +87,866 |
| QUANTA SVCS INC | 1,813 | 1,813 | 0 | 685,459 | 751,344 | 0.01% | +65,885 |
| LIBERTY ENERGY INC(LBRT) | 76,849 | 74,495 | -2,354 | 882,227 | 919,268 | 0.01% | +37,041 |
| NOVARTIS AG(NVS) | 4,889 | 4,889 | 0 | 591,618 | 626,965 | 0.01% | +35,347 |
| VANGUARD INTL EQUITY INDEX F | 3,676 | 3,751 | +75 | 247,101 | 267,709 | 0.00% | +20,608 |
| SCHLUMBERGER LTD(SLB) | 34,100 | 34,100 | 0 | 1,152,580 | 1,172,017 | 0.02% | +19,437 |
| AIRBNB INC(ABNB) | 0 | 0 | 0 | 1,302,020 | 1,321,344 | 0.02% | +19,324 |
| VODAFONE GROUP PLC NEW(VOD) | 17,164 | 17,164 | 0 | 182,968 | 199,102 | 0.00% | +16,134 |
| NVIDIA CORPORATION(NVDA) | 14,427 | 12,227 | -2,200 | 2,279,322 | 2,281,314 | 0.03% | +1,992 |
| VANGUARD STAR FDS | 5,805 | 5,292 | -513 | 401,067 | 388,750 | 0.01% | -12,317 |
| ITAU UNIBANCO HLDG S A(ITUB) | 48,336 | 42,320 | -6,016 | 328,201 | 310,629 | 0.00% | -17,572 |
| COUPANG INC(CPNG) | 16,450 | 14,336 | -2,114 | 492,842 | 461,619 | 0.01% | -31,223 |
| DIAMONDBACK ENERGY INC(FANG) | 1,919 | 1,544 | -375 | 263,671 | 220,946 | 0.00% | -42,725 |
| AMAZON COM INC(AMZN) | 11,146 | 10,937 | -209 | 2,445,321 | 2,401,437 | 0.03% | -43,884 |
| BRISTOL-MYERS SQUIBB CO(BMY) | 38,400 | 38,400 | 0 | 1,777,536 | 1,731,840 | 0.02% | -45,696 |
| ZOETIS INC(ZTS) | 5,816 | 5,816 | 0 | 907,005 | 850,997 | 0.01% | -56,008 |
| GRUPO AEROPUERTO DEL PACIFIC(PAC) | 2,360 | 2,047 | -313 | 541,903 | 485,528 | 0.01% | -56,375 |
| VISA INC(V) | 4,224 | 4,224 | 0 | 1,499,731 | 1,441,989 | 0.02% | -57,742 |