Latest THORNBURG INVESTMENT MANAGEMENT INC Stock Portfolio

THORNBURG INVESTMENT MANAGEMENT INC Performance:

2025 Q4: 1.73%YTD: 19.49%2024: 18.72%

Performance for 2025 Q4 is 1.73%, and YTD is 19.49%, and 2024 is 18.72%.

About THORNBURG INVESTMENT MANAGEMENT INC and 13F Hedge Fund Stock Holdings

On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, THORNBURG INVESTMENT MANAGEMENT INC reported an equity portfolio of $7.9 Billions as of 31 Dec, 2025.

The top stock holdings of THORNBURG INVESTMENT MANAGEMENT INC are C, T, AVGO. The fund has invested 11.8% of it's portfolio in CITIGROUP INC and 9.1% of portfolio in AT&T INC.

The fund managers got completely rid off NOVO-NORDISK A S (NVO), ELME COMMUNITIES (WRE) and TOTALENERGIES SE (TTE) stocks. They significantly reduced their stock positions in JPMORGAN CHASE & CO. (JPM), KITE RLTY GROUP TR (KRG) and WASTE CONNECTIONS INC (WCN). THORNBURG INVESTMENT MANAGEMENT INC opened new stock positions in ELI LILLY & CO (LLY), MAKEMYTRIP LIMITED MAURITIUS (MMYT) and CELLEBRITE DI LTD (CLBT). The fund showed a lot of confidence in some stocks as they added substantially to VANGUARD INTL EQUITY INDEX F (VEU), COLLIERS INTL GROUP INC (CIGI) and MICRON TECHNOLOGY INC (MU).

THORNBURG INVESTMENT MANAGEMENT INC Annual Return Estimates Vs S&P 500

Our best estimate is that THORNBURG INVESTMENT MANAGEMENT INC made a return of 1.73% in the last quarter. In trailing 12 months, it's portfolio return was 19.49%.

Performance
S&P 500

New Buys

Ticker	$ Bought
eli lilly & co	48,794,800
makemytrip limited mauritius	13,115,500
cellebrite di ltd	7,944,450
xp inc	7,368,640
netskope inc	5,302,130
mirion technologies inc	5,297,820
constellium se	4,745,200
entegris inc	4,319,240

New stocks bought by THORNBURG INVESTMENT MANAGEMENT INC

Additions

Ticker	% Inc.
vanguard intl equity index f	522
colliers intl group inc	345
micron technology inc	239
monday com ltd	95.84
vanguard star fds	83.71
adobe inc	70.02
aercap holdings nv	61.6
globant s a	60.5

Additions to existing portfolio by THORNBURG INVESTMENT MANAGEMENT INC

Reductions

Ticker	% Reduced
jpmorgan chase & co.	-97.91
kite rlty group tr	-96.86
waste connections inc	-83.66
apple inc	-57.17
bbb foods inc	-52.75
amer sports inc	-39.45
myr group inc del	-35.83
ccc intelligent solutions hl	-35.67

THORNBURG INVESTMENT MANAGEMENT INC reduced stake in above stock

Sold off

Ticker	$ Sold
elme communities	-26,967,400
repay hldgs corp	-5,720,070
novo-nordisk a s	-30,208,000
totalenergies se	-13,962,500
txnm energy inc	-11,740,600
clearwater analytics hldgs i	-3,276,580
ultragenyx pharmaceutical in	-2,082,980
simply good foods co	-294,986

THORNBURG INVESTMENT MANAGEMENT INC got rid off the above stocks

Sector Distribution

THORNBURG INVESTMENT MANAGEMENT INC has about 24.9% of it's holdings in Financial Services sector.

Sector	%
Financial Services	24.9
Others	19.2
Technology	15.3
Communication Services	11.9
Healthcare	10.5
Industrials	5.9
Consumer Cyclical	4.3
Basic Materials	4
Energy	2.7

Market Cap. Distribution

THORNBURG INVESTMENT MANAGEMENT INC has about 75.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	47.2
LARGE-CAP	28.5
UNALLOCATED	19.2
MID-CAP	2.8
SMALL-CAP	2.1

Stocks belong to which Index?

About 67.4% of the stocks held by THORNBURG INVESTMENT MANAGEMENT INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	63.2
Others	32.6
RUSSELL 2000	4.2

Top 5 Winners (%)		%
COHR	coherent corp	65.7 %
LBRT	liberty energy inc	45.7 %
GKOS	glaukos corp	37.9 %
MU	micron technology inc	36.6 %
MTSI	macom tech solutions hldgs i	36.3 %

Top 5 Winners ($)		$
C	citigroup inc	121.8 M
MRK	merck & co inc	77.3 M
AVGO	broadcom inc	34.5 M
GOOG	alphabet inc	32.7 M
FCX	freeport-mcmoran inc	26.9 M

Top 5 Losers (%)		%
STKL	sunopta inc	-35.0 %
ATGE	adtalem global ed inc	-32.8 %
CR	crane nxt co	-29.3 %
SE	sea ltd	-28.1 %
WD	walker & dunlop inc	-28.0 %

Top 5 Losers ($)		$
T	at&t inc	-97.4 M
HD	home depot inc	-31.6 M
BABA	alibaba group hldg ltd	-18.3 M
SE	sea ltd	-16.2 M
EQH	equitable hldgs inc	-15.3 M

THORNBURG INVESTMENT MANAGEMENT INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of THORNBURG INVESTMENT MANAGEMENT INC

THORNBURG INVESTMENT MANAGEMENT INC has 174 stocks in it's portfolio. About 52.1% of the portfolio is in top 10 stocks. T proved to be the most loss making stock for the portfolio. C was the most profitable stock for THORNBURG INVESTMENT MANAGEMENT INC last quarter.

Last Reported on: 13 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.00	1,329	361,302	reduced	-57.17

AAXJ	ishares tr	0.20	240,341	16,134,100	added	4.79

ABBV	abbvie inc	1.16	401,010	91,626,800	reduced	-0.19

ABNB	airbnb inc	0.02	1,350,000	1,337,370	unchanged	0.00

ACA	arcosa inc	0.15	109,101	11,599,600	reduced	-0.68

ADBE	adobe inc	0.44	99,185	34,713,800	added	70.02

AER	aercap holdings nv	0.21	116,740	16,782,500	added	61.6

AGX	argan inc	0.10	24,611	7,711,120	reduced	-15.86

AGYS	agilysys inc	0.27	178,136	21,169,700	reduced	-1.08

AIB	midcap financial invstmnt co	0.45	3,137,780	35,896,200	unchanged	0.00

AIT	applied indl technologies in	0.25	75,889	19,486,000	reduced	-1.92

AIZ	assurant inc	0.14	46,109	11,105,400	reduced	-13.24

AL	air lease corp	0.00	3,950	253,709	reduced	-25.22

ALC	alcon ag	1.74	1,747,720	138,081,000	added	21.73

AMD	advanced micro devices inc	0.33	123,243	26,393,700	added	7.86

AMZN	amazon com inc	0.03	10,748	2,480,850	reduced	-1.73

ANET	arista networks inc	0.27	160,832	21,073,800	reduced	-2.49

AORT	artivion inc	0.07	129,037	5,885,380	reduced	-2.74

ASML	asml holding n v	0.27	20,316	21,735,300	reduced	-3.52

ATGE	adtalem global ed inc	0.16	123,239	12,751,500	reduced	-1.31