THORNBURG INVESTMENT MANAGEMENT INC

CIK

1145020

Location

SANTA FE, NM

Portfolio Value

Large $10,420,403,562

Diversification

Diversified

Filing Date

Global Rank

#468 / 8,700 ▲ 23

Top Industry

Drug Manufacturers - General 12.6%

Period ended 3 months ago

Filed Aug 13, 2026 · 33d

26 quarters · since Mar 2020

Portfolio Concentration

136 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.1%

−0.9 pts

Top 5

38.8%

−3.6 pts

Top 10

58.3%

−0.2 pts

HHI

442

Diversified−34

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	21.2%	$2,204,067,923	28
Technology	17.6%	$1,833,480,763	32
Healthcare	15.9%	$1,657,863,329	17
Energy	15.3%	$1,592,721,952	10
Communication Services	10.7%	$1,119,660,810	8
Consumer Defensive	6.3%	$652,814,057	5
Consumer Cyclical	4.7%	$492,835,950	15
Industrials	3.8%	$400,542,384	13
Basic Materials	3.4%	$354,457,274	4
Real Estate	0.9%	$92,570,391	2
Utilities	0.2%	$19,055,069	1
Unclassified	0.0%	$333,660	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	+4,978,069	36,023,313	$745,682,579
CCC	CCC Intelligent Solutions Holdings Inc.	+1,076,718	1,524,462	$7,866,223
NFLX	Netflix Inc	+539,563	665,548	$47,520,127
MDT	Medtronic plc	+494,653	2,511,730	$196,492,637
FCX	Freeport-Mcmoran Inc	+468,594	3,304,828	$207,840,632
SCHW	Schwab Charles Corp	+360,891	1,170,451	$107,997,513
BKNG	Booking Holdings Inc.	+305,012	316,223	$56,363,587
RF	Regions Financial Corp	+231,181	6,746,453	$203,742,880
TTE	TotalEnergies SE	+167,222	11,828,205	$919,761,220
MUFG	Mitsubishi Ufj Financial Group Inc	+152,176	1,229,407	$24,452,905
EQH	Equitable Holdings, Inc.	+148,132	5,142,337	$225,645,747
SHEL	Shell plc	+114,162	228,036	$17,681,911
TBBB	Bbb Foods Inc	+103,327	273,003	$11,376,035
XP	XP Inc.	+101,492	671,549	$10,919,386
ADBE	Adobe Inc.	+96,292	269,807	$55,315,831
IOT	Samsara Inc.	+92,577	128,450	$4,165,633
ING	Ing Groep NV	+92,554	758,793	$23,810,924
RPRX	Royalty Pharma plc	+91,713	123,122	$6,903,450
SOBO	South Bow Corp	+88,457	3,721,332	$131,139,739
AAPL	Apple Inc.	+82,014	83,343	$24,116,130
SONY	Sony Group Corp	+79,884	749,018	$15,025,301
CIGI	Colliers International Group Inc.	+79,187	203,021	$19,041,339
IBN	Icici Bank Ltd	+75,853	269,353	$7,819,317
SLRC	SLR Investment Corp.	+75,341	4,708,772	$58,247,509
SLB	Slb Limited/Nv	+73,352	106,506	$4,951,463
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
LYB	LyondellBasell Industries N.V.	−894,177	82,904	$4,364,895
BZ	Kanzhun Ltd	−819,117	5,413,729	$69,674,692
C	Citigroup Inc	−441,524	7,546,686	$1,056,234,172
FTI	TechnipFMC plc	−305,336	27,838	$1,845,659
PBR	Petrobras - Petroleo Brasileiro SA	−303,479	42,214	$682,178
PFE	Pfizer Inc	−272,182	1,970,004	$47,437,696
AVGO	Broadcom Inc.	−253,497	1,830,149	$691,338,784
CSCO	Cisco Systems, Inc.	−198,371	2,715,962	$319,016,896
CLBT	Cellebrite DI Ltd.	−192,891	618,857	$9,035,312
MRX	Marex Group Ltd	−133,850	275,027	$16,762,895
MMYT	MakeMyTrip Ltd	−117,503	185,032	$9,860,355
VRT	Vertiv Holdings Co	−94,855	20,161	$6,750,306
SN	SharkNinja, Inc.	−84,609	85,212	$12,975,231
ALC	Alcon Inc	−76,321	1,632,356	$109,531,087
BLDR	Builders FirstSource, Inc.	−70,212	108,892	$9,743,656
ITT	Itt Inc.	−61,914	16,044	$3,172,861
HD	Home Depot, Inc.	−56,114	464,895	$163,959,168
ANET	Arista Networks, Inc.	−52,446	115,902	$19,689,431
CYTK	Cytokinetics Inc	−52,057	31,133	$2,652,220
AMD	Advanced Micro Devices Inc	−38,143	84,425	$49,043,326
NU	Nu Holdings Ltd.	−28,759	811,444	$10,840,891
TDG	TransDigm Group INC	−27,237	2,425	$3,230,197
FER	Ferrovial N.V.	−26,644	1,712,697	$117,508,141
COHR	Coherent Corp.	−21,438	53,333	$21,038,268
INSM	INSMED Inc	−19,924	18,413	$1,963,194
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
KMB	Kimberly Clark Corp	5,760,888	$632,372,675
IQV	Iqvia Holdings Inc.	69,029	$13,337,783
UBER	Uber Technologies, Inc	157,007	$11,329,625
LRCX	Lam Research Corp	20,299	$8,796,165
SGI	Somnigroup International Inc.	81,948	$6,424,723
RJF	Raymond James Financial Inc	33,203	$5,047,852
COCO	Vita Coco Company, Inc.	48,173	$3,186,162
WSE	Wise Group plc	168,669	$2,008,847
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	391,418	$30,476,006
VB	Vanguard Morningstar Small-Cap ETF	64,480	$16,888,601
MTSI	MACOM Technology Solutions Holdings, Inc.	74,613	$16,569,308
CWST	Casella Waste Systems Inc	203,167	$16,119,269
DCO	Ducommun Inc /De/	130,431	$15,912,582
AIT	Applied Industrial Technologies Inc	56,414	$14,967,762
XPO	XPO, Inc.	62,018	$12,065,601
PNFP	Pinnacle Financial Partners, Inc.	139,204	$11,991,032
WAL	Western Alliance Bancorporation	158,357	$11,219,593
CLH	Clean Harbors Inc	37,762	$10,827,498
MYRG	Myr Group Inc.	37,351	$10,544,934
DTM	DT Midstream, Inc.	77,547	$10,443,254
THC	Tenet Healthcare Corp	52,134	$9,838,207
AIZ	Assurant, Inc.	44,316	$9,652,467
AGYS	Agilysys Inc	126,433	$8,994,443
SXT	Sensient Technologies Corp	101,425	$8,767,177
P	Everpure, Inc.	147,434	$8,704,503
ACA	Arcosa, Inc.	79,739	$8,463,497
PJT	PJT Partners Inc.	56,023	$7,827,533
WH	Wyndham Hotels & Resorts, Inc.	96,056	$7,802,628
GPI	Group 1 Automotive Inc	21,853	$7,225,257
MTDR	Matador Resources Co	113,175	$7,150,396
BJ	BJ's Wholesale Club Holdings, Inc.	52,579	$5,174,825
CSTM	Constellium SE	205,467	$5,050,378
FROG	JFrog Ltd	107,419	$5,041,173
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

136 tracked positions · $10,420,403,562 total · filing declares 139 positions · $10,454,039,027 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 136 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
C	Citigroup Inc Financial Services	Reduced	7,546,686	-441,524	$1,056,234,172	+16.6%	10.14%
TTE	TotalEnergies SE Energy	Added	11,828,205	+167,222	$919,761,220	−13.3%	8.83%
T	At&T Inc. Communication Services	Added	36,023,313	+4,978,069	$745,682,579	−17.1%	7.16%
AVGO	Broadcom Inc. Technology	Reduced	1,830,149	-253,497	$691,338,784	+7.2%	6.63%
KMB	Kimberly Clark Corp Consumer Defensive	NEW	5,760,888	NEW	$632,372,675	NEW	6.07%
AZN	Astrazeneca PLC Healthcare	Added	2,891,426	+32,775	$548,272,198	−2.8%	5.26%
MRK	Merck & Co., Inc. Healthcare	Added	3,787,976	+59,303	$486,754,916	+8.5%	4.67%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	764,867	+63,515	$365,277,533	+54.1%	3.51%
CSCO	Cisco Systems, Inc. Technology	Reduced	2,715,962	-198,371	$319,016,896	+41.1%	3.06%
TRP	Tc Energy Corp Energy	Added	4,755,014	+34,292	$315,209,878	+6.7%	3.02%
CME	Cme Group Inc. Financial Services	Reduced	1,132,435	-13,007	$250,075,621	−26.1%	2.40%
EQH	Equitable Holdings, Inc. Financial Services	Added	5,142,337	+148,132	$225,645,747	+21.8%	2.17%
FCX	Freeport-Mcmoran Inc Basic Materials	Added	3,304,828	+468,594	$207,840,632	+24.7%	1.99%
RF	Regions Financial Corp Financial Services	Added	6,746,453	+231,181	$203,742,880	+19.7%	1.96%
ENB	Enbridge Inc Energy	Added	3,674,988	+33,954	$199,221,099	+1.1%	1.91%
MDT	Medtronic plc Healthcare	Added	2,511,730	+494,653	$196,492,637	+12.4%	1.89%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	2,017,847	-10,866	$174,846,442	+9.6%	1.68%
GOOGL	Alphabet Inc. Communication Services	Added	488,051	+63,109	$174,414,785	+42.7%	1.67%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	464,895	-56,114	$163,959,168	−4.3%	1.57%
LIN	Linde PLC Basic Materials	Reduced	270,794	-3,578	$140,525,838	+3.3%	1.35%
ABBV	AbbVie Inc. Healthcare	Added	541,146	+38,314	$136,173,979	+24.5%	1.31%
SOBO	South Bow Corp Energy	Added	3,721,332	+88,457	$131,139,739	+8.3%	1.26%
FER	Ferrovial N.V. Industrials	Reduced	1,712,697	-26,644	$117,508,141	+3.9%	1.13%
ALC	Alcon Inc Healthcare	Reduced	1,632,356	-76,321	$109,531,087	−14.9%	1.05%
SCHW	Schwab Charles Corp Financial Services	Added	1,170,451	+360,891	$107,997,513	+41.9%	1.04%
LLY	ELI LILLY & Co Healthcare	Added	79,682	+19,504	$95,572,989	+72.7%	0.92%
CIM	Chimera Investment Corp Real Estate	Added	5,511,923	+35,621	$73,529,052	+7.0%	0.71%
META	Meta Platforms, Inc. Communication Services	Added	130,466	+4,250	$73,490,193	+1.8%	0.71%
BZ	Kanzhun Ltd Communication Services	Reduced	5,413,729	-819,117	$69,674,692	−16.5%	0.67%
MA	Mastercard Inc Financial Services	Added	123,446	+25,533	$63,401,865	+29.6%	0.61%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	617,721	+7,537	$59,288,861	−22.6%	0.57%
SLRC	SLR Investment Corp. Financial Services	Added	4,708,772	+75,341	$58,247,509	−12.2%	0.56%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	316,223	+305,012	$56,363,587	+19.4%	0.54%
ADBE	Adobe Inc. Technology	Added	269,807	+96,292	$55,315,831	+31.1%	0.53%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	29,450	-1,572	$49,988,135	−6.8%	0.48%
AMD	Advanced Micro Devices Inc Technology	Reduced	84,425	-38,143	$49,043,326	+96.7%	0.47%
NFLX	Netflix Inc Communication Services	Added	665,548	+539,563	$47,520,127	+292.3%	0.46%
PFE	Pfizer Inc Healthcare	Reduced	1,970,004	-272,182	$47,437,696	−24.7%	0.46%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	308,876	+45,213	$46,794,714	+11.1%	0.45%
LHX	L3harris Technologies, Inc. /De/ Industrials	Added	153,148	+26,450	$44,503,277	+1.8%	0.43%
COF	Capital One Financial Corp Financial Services	Added	199,843	+60,173	$40,092,502	+57.3%	0.38%
CACI	Caci International Inc /De/ Technology	Added	86,051	+1,483	$39,863,986	−13.3%	0.38%
ASML	Asml Holding NV Technology	Reduced	18,747	-766	$37,296,029	+44.7%	0.36%
MU	Micron Technology Inc Technology	Added	31,289	+6,668	$36,116,579	+334.2%	0.35%
SE	Sea Ltd Consumer Cyclical	Reduced	365,023	-4,850	$34,980,154	+14.2%	0.34%
MFIC	MidCap Financial Investment Corp Financial Services	Held	3,237,783	0	$32,636,852	−10.3%	0.31%
RACE	Ferrari N.V. Consumer Cyclical	Reduced	79,745	-16,297	$29,688,266	−8.7%	0.28%
SHOP	Shopify Inc. Technology	Added	246,547	+12,946	$28,150,736	+1.6%	0.27%
MSFT	Microsoft Corp Technology	Added	65,940	+38,419	$24,596,938	+141.4%	0.24%
MUFG	Mitsubishi Ufj Financial Group Inc Financial Services	Added	1,229,407	+152,176	$24,452,905	+33.8%	0.23%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.