THORNBURG INVESTMENT MANAGEMENT INC

CIK

1145020

City

SANTA FE

State / Country

NM

Stock

XP — XP Inc.

Top Portfolio Positions

163 positions · $9,547,529,932 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio	Open
TTE	TotalEnergies SE Energy	11,660,983	$1,060,916,233	11.11%
C	Citigroup Inc Financial Services	7,988,210	$905,942,896	9.49%
T	At&T Inc. Communication Services	31,045,244	$900,001,623	9.43%
AVGO	Broadcom Inc. Technology	2,083,646	$644,909,273	6.75%
AZN	Astrazeneca PLC Healthcare	2,858,651	$563,783,150	5.91%
MRK	Merck & Co., Inc. Healthcare	3,728,673	$448,522,075	4.70%
CME	Cme Group Inc. Financial Services	1,145,442	$338,306,294	3.54%
TRP	Tc Energy Corp Energy	4,720,722	$295,517,197	3.10%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	701,352	$237,021,908	2.48%
CSCO	Cisco Systems, Inc. Technology	2,914,333	$226,123,097	2.37%

Portfolio Trend

25 quarters · across all stocks

Holdings in XP

Compact Export CSV

Shares Held

Position Value (USD)

14 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$10,853,885	570,057	+26.6%	Shares	Sole	2026-05-12
2025-12-31	$7,368,644	450,131	+1232.3%	Shares	Sole	2026-02-13
2022-12-31	$518,277	33,786	-96.6%	Shares	Sole	2023-02-08
2022-09-30	$18,908,524	994,662	-7.1%	Shares	Sole	2022-11-15
2022-06-30	$19,219,911	1,070,151	+40.1%	Shares	Sole	2022-08-05
2022-03-31	$22,987,309	763,698	+1962.9%	Shares	Sole	2022-05-12
2021-12-31	$1,063,954	37,020	-85.4%	Shares	Sole	2022-02-10
2021-09-30	$10,175,623	253,314	-37.9%	Shares	Sole	2021-11-10
2021-06-30	$17,757,077	407,740	+1459.5%	Shares	Sole	2021-08-11
2021-03-31	$984,882	26,145	-23.3%	Shares	Sole	2021-05-14
2020-12-31	$1,351,794	34,076	+42.8%	Shares	Sole	2021-02-09
2020-09-30	$994,806	23,862	-77.8%	Shares	Sole	2020-11-05
2020-06-30	$4,514,688	107,467	-78.0%	Shares	Sole	2020-08-07
2020-03-31	$9,412,690	487,957	—	Shares	Sole	2020-05-13
No 13F history on record for this holder in this stock.