Latest THORNBURG INVESTMENT MANAGEMENT INC Stock Portfolio

THORNBURG INVESTMENT MANAGEMENT INC Performance:

2025 Q3: 4.82%YTD: 126.05%2024: 19.98%

Performance for 2025 Q3 is 4.82%, and YTD is 126.05%, and 2024 is 19.98%.

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

In it's latest 13F Holdings report, THORNBURG INVESTMENT MANAGEMENT INC reported an equity portfolio of $7.7 Billions as of 30 Sep, 2025.

The top stock holdings of THORNBURG INVESTMENT MANAGEMENT INC are C, T, AVGO. The fund has invested 10.6% of it's portfolio in CITIGROUP INC and 10.4% of portfolio in AT&T INC.

The fund managers got completely rid off STEVANATO GROUP S P A, KEMPER CORP (KMPR) and COSTCO WHSL CORP NEW (COST) stocks. They significantly reduced their stock positions in AIR LEASE CORP (AL), PETROLEO BRASILEIRO SA PETRO (PBR) and SIMPLY GOOD FOODS CO (SMPL). THORNBURG INVESTMENT MANAGEMENT INC opened new stock positions in TRANSDIGM GROUP INC (TDG), ADOBE INC (ADBE) and DUCOMMUN INC DEL (DCO). The fund showed a lot of confidence in some stocks as they added substantially to ISHARES TR (AAXJ), DUTCH BROS INC (BROS) and HDFC BANK LTD (HDB).

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

Our best estimate is that THORNBURG INVESTMENT MANAGEMENT INC made a return of 4.82% in the last quarter. In trailing 12 months, it's portfolio return was 132.81%.

New Buys

Ticker	$ Bought
transdigm group inc	62,785,200
adobe inc	20,578,700
ducommun inc del	12,953,300
crane nxt co	9,923,280
aercap holdings nv	8,740,800
servicetitan inc	8,337,830
verra mobility corp	7,596,980
caseys gen stores inc	5,007,040

New stocks bought by THORNBURG INVESTMENT MANAGEMENT INC

Additions

Ticker	% Inc.
ishares tr	381
dutch bros inc	143
hdfc bank ltd	95.48
ishares tr	46.86
trip com group ltd	36.53
walker & dunlop inc	34.45
sitime corp	31.48
itt inc	27.71

Additions to existing portfolio by THORNBURG INVESTMENT MANAGEMENT INC

Reductions

Ticker	% Reduced
air lease corp	-97.12
petroleo brasileiro sa petro	-95.51
simply good foods co	-95.44
micron technology inc	-87.95
pfizer inc	-86.14
globant s a	-74.96
lyondellbasell industries n	-47.81
cyberark software ltd	-47.79

THORNBURG INVESTMENT MANAGEMENT INC reduced stake in above stock

Sold off

Ticker	$ Sold
stevanato group s p a	-18,133,000
smith douglas homes corp	-4,358,960
kemper corp	-11,328,300
ryan specialty holdings inc	-5,928,800
grab holdings limited	-379,695
entegris inc	-5,316,530
dr reddys labs ltd	-431,391
ase technology hldg co ltd	-238,664

THORNBURG INVESTMENT MANAGEMENT INC got rid off the above stocks

Sector Distribution

THORNBURG INVESTMENT MANAGEMENT INC has about 23.9% of it's holdings in Financial Services sector.

Sector	%
Financial Services	23.9
Others	18.8
Technology	15.2
Communication Services	13.4
Healthcare	8.7
Industrials	6.4
Consumer Cyclical	5.1
Basic Materials	3.6
Energy	2.8
Real Estate	1.3

Market Cap. Distribution

THORNBURG INVESTMENT MANAGEMENT INC has about 73.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	49.7
MEGA-CAP	23.9
UNALLOCATED	18.8
MID-CAP	4.7
SMALL-CAP	2.8

Stocks belong to which Index?

About 66.1% of the stocks held by THORNBURG INVESTMENT MANAGEMENT INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	61.5
Others	33.9
RUSSELL 2000	4.6

Top 5 Winners (%)		%
RMBS	rambus inc del	62.8 %
CRDO	credo technology group holdi	57.3 %
CYTK	cytokinetics inc	52.2 %
PSTG	pure storage inc	45.5 %
INSM	insmed inc	43.1 %

Top 5 Winners ($)		$
AVGO	broadcom inc	143.5 M
C	citigroup inc	132.1 M
GOOG	alphabet inc	35.5 M
MRK	merck & co inc	22.6 M
HD	home depot inc	19.8 M

Top 5 Losers (%)		%
INSP	inspire med sys inc	-42.8 %
TW	tradeweb mkts inc	-24.2 %
FOUR	shift4 pmts inc	-21.9 %
SMPL	simply good foods co	-21.4 %
GKOS	glaukos corp	-21.1 %

Top 5 Losers ($)		$
EQH	equitable hldgs inc	-25.8 M
T	at&t inc	-19.2 M
LYB	lyondellbasell industries n	-17.4 M
FCX	freeport-mcmoran inc	-12.0 M
CP	canadian pacific kansas city	-9.8 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 51.9% of the portfolio is in top 10 stocks. EQH proved to be the most loss making stock for the portfolio. AVGO was the most profitable stock for THORNBURG INVESTMENT MANAGEMENT INC last quarter.

Last Reported on: 12 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.01	3,103	790,117	unchanged	0.00

AAXJ	ishares tr	0.20	229,362	14,910,800	added	381

ABBV	abbvie inc	1.21	401,760	93,023,500	added	25.5

ABNB	airbnb inc	0.02	1,350,000	1,321,340	unchanged	0.00

ACA	arcosa inc	0.13	109,845	10,293,600	reduced	-20.08

ADBE	adobe inc	0.27	58,338	20,578,700	new

AGX	argan inc	0.10	29,249	7,898,690	reduced	-3.33

AGYS	agilysys inc	0.25	180,088	18,954,300	reduced	-3.13

AIB	midcap financial invstmnt co	0.49	3,137,780	37,622,000	added	6.81

AIT	applied indl technologies in	0.26	77,372	20,198,000	reduced	-1.31

AIZ	assurant inc	0.15	53,145	11,511,200	reduced	-3.36

AL	air lease corp	0.00	5,282	336,199	reduced	-97.12

AMD	advanced micro devices inc	0.24	114,262	18,486,400	reduced	-2.18

AMZN	amazon com inc	0.03	10,937	2,401,440	reduced	-1.88

ANET	arista networks inc	0.31	164,945	24,034,100	added	13.38

AORT	artivion inc	0.07	132,672	5,617,330	unchanged	0.00

ASX	ase technology hldg co ltd	0.00	0.00	0.00	sold off	-100

ATGE	adtalem global ed inc	0.25	124,872	19,286,500	added	19.36

AVGO	broadcom inc	9.49	2,204,520	727,295,000	reduced	-16.66

AVTR	avantor inc	0.07	445,773	5,563,250	reduced	-3.37