Thornburg Investment Management as of Sept. 30, 2025
Portfolio Holdings for Thornburg Investment Management
Thornburg Investment Management holds 176 positions in its portfolio as reported in the September 2025 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Citigroup Com New (C) | 10.6 | $814M | 8.0M | 101.50 | |
| At&t (T) | 10.4 | $798M | 28M | 28.24 | |
| Broadcom (AVGO) | 9.5 | $727M | 2.2M | 329.91 | |
| Cme (CME) | 3.9 | $300M | 1.1M | 270.19 | |
| Merck & Co (MRK) | 3.9 | $296M | 3.5M | 83.93 | |
| Equitable Holdings (EQH) | 3.2 | $247M | 4.9M | 50.78 | |
| Tc Energy Corp (TRP) | 2.9 | $219M | 4.0M | 54.36 | |
| Home Depot (HD) | 2.7 | $209M | 516k | 405.19 | |
| Taiwan Semiconductor Mfg Sponsored Ads (TSM) | 2.4 | $186M | 665k | 279.29 | |
| Medtronic SHS (MDT) | 2.4 | $184M | 1.9M | 95.24 | |
| Enbridge (ENB) | 2.4 | $181M | 3.6M | 50.44 | |
| Cisco Systems (CSCO) | 2.3 | $179M | 2.6M | 68.42 | |
| Canadian Pacific Kansas City (CP) | 2.2 | $171M | 2.3M | 74.49 | |
| Linde SHS (LIN) | 1.7 | $131M | 275k | 476.23 | |
| Alphabet Cap Stk Cl A (GOOGL) | 1.6 | $125M | 513k | 243.10 | |
| Regions Financial Corporation (RF) | 1.6 | $122M | 4.6M | 26.37 | |
| Alcon Ord Shs (ALC) | 1.4 | $107M | 1.4M | 74.49 | |
| Meta Platforms Cl A (META) | 1.4 | $106M | 144k | 734.38 | |
| Alibaba Group Hldg Sponsored Ads (BABA) | 1.3 | $99M | 553k | 178.73 | |
| Ferrovial Se Ord Shs (FER) | 1.3 | $99M | 1.7M | 57.41 | |
| Abbvie (ABBV) | 1.2 | $93M | 402k | 231.54 | |
| Kanzhun Sponsored Ads (BZ) | 1.2 | $90M | 3.9M | 23.36 | |
| Freeport-mcmoran CL B (FCX) | 0.9 | $73M | 1.9M | 39.22 | |
| Charles Schwab Corporation (SCHW) | 0.9 | $72M | 756k | 95.47 | |
| MercadoLibre (MELI) | 0.9 | $70M | 30k | 2336.94 | |
| Solar Cap (SLRC) | 0.9 | $67M | 4.4M | 15.29 | |
| Chimera Invt Corp Com Shs (CIM) | 0.9 | $66M | 5.0M | 13.22 | |
| TransDigm Group Incorporated (TDG) | 0.8 | $63M | 48k | 1318.02 | |
| Mastercard Incorporated Cl A (MA) | 0.8 | $59M | 104k | 568.81 | |
| South Bow Corp (SOBO) | 0.7 | $57M | 2.0M | 28.29 | |
| Sea Sponsord Ads (SE) | 0.7 | $55M | 309k | 178.73 | |
| Lyondellbasell Industries N Shs - A - (LYB) | 0.7 | $51M | 1.0M | 49.04 | |
| Ferrari Nv Ord (RACE) | 0.6 | $43M | 89k | 485.22 | |
| Caci Intl Cl A (CACI) | 0.6 | $43M | 86k | 498.78 | |
| TJX Companies (TJX) | 0.5 | $40M | 275k | 144.54 | |
| Astrazeneca Sponsored Adr | 0.5 | $39M | 511k | 76.72 | |
| Capital One Financial (COF) | 0.5 | $39M | 183k | 212.58 | |
| L3harris Technologies (LHX) | 0.5 | $39M | 127k | 305.41 | |
| Midcap Financial Invstmnt Com New (MFIC) | 0.5 | $38M | 3.1M | 11.99 | |
| Pfizer (PFE) | 0.5 | $37M | 1.4M | 25.48 | |
| Marex Group Ord (MRX) | 0.5 | $35M | 1.0M | 33.62 | |
| Novo-nordisk A S Adr (NVO) | 0.4 | $30M | 544k | 55.49 | |
| JPMorgan Chase & Co. (JPM) | 0.4 | $29M | 93k | 315.43 | |
| Elme Communities Sh Ben Int (ELME) | 0.4 | $27M | 1.6M | 16.86 | |
| Booking Holdings (BKNG) | 0.3 | $26M | 4.8k | 5399.27 | |
| Arista Networks Com Shs (ANET) | 0.3 | $24M | 165k | 145.71 | |
| Casella Waste Sys Cl A (CWST) | 0.3 | $24M | 247k | 94.88 | |
| Vertiv Holdings Com Cl A (VRT) | 0.3 | $22M | 142k | 150.86 | |
| Shopify Cl A Sub Vtg Shs (SHOP) | 0.3 | $21M | 141k | 148.61 | |
| Adobe Systems Incorporated (ADBE) | 0.3 | $21M | 58k | 352.75 | |
| Asml Holding N V N Y Registry Shs (ASML) | 0.3 | $20M | 21k | 968.09 | |
| Applied Industrial Technologies (AIT) | 0.3 | $20M | 77k | 261.05 | |
| Sony Group Corp Sponsored Adr (SONY) | 0.3 | $19M | 673k | 28.79 | |
| Adtalem Global Ed (ATGE) | 0.3 | $19M | 125k | 154.45 | |
| Pure Storage Cl A (PSTG) | 0.2 | $19M | 228k | 83.81 | |
| Nu Hldgs Ord Shs Cl A (NU) | 0.2 | $19M | 1.2M | 16.01 | |
| Agilysys (AGYS) | 0.2 | $19M | 180k | 105.25 | |
| Technipfmc (FTI) | 0.2 | $19M | 472k | 39.45 | |
| Advanced Micro Devices (AMD) | 0.2 | $19M | 114k | 161.79 | |
| Flutter Entmt SHS (FLUT) | 0.2 | $18M | 72k | 254.00 | |
| Itt (ITT) | 0.2 | $18M | 101k | 178.76 | |
| Builders FirstSource (BLDR) | 0.2 | $18M | 146k | 121.25 | |
| Mitsubishi Ufj Finl Group In Sponsored Ads (MUFG) | 0.2 | $18M | 1.1M | 15.94 | |
| Sharkninja Com Shs (SN) | 0.2 | $17M | 168k | 103.15 | |
| Myr (MYRG) | 0.2 | $17M | 83k | 208.03 | |
| Comcast Holdings Corp Zones Cv2% Pcs (Principal) (CCZ) | 0.2 | $17M | 284k | 60.02 | |
| Transunion (TRU) | 0.2 | $17M | 201k | 83.78 | |
| Talen Energy Corp (TLN) | 0.2 | $17M | 39k | 425.38 | |
| Ishares Tr Msci Acwi Ex Us (ACWX) | 0.2 | $15M | 229k | 65.01 | |
| Western Alliance Bancorporation (WAL) | 0.2 | $14M | 165k | 86.72 | |
| Ing Groep Sponsored Adr (ING) | 0.2 | $14M | 546k | 26.08 | |
| Clean Harbors (CLH) | 0.2 | $14M | 61k | 232.22 | |
| Totalenergies Se Sponsored Ads | 0.2 | $14M | 234k | 59.69 | |
| Coherent Corp (COHR) | 0.2 | $14M | 128k | 107.72 | |
| Credicorp (BAP) | 0.2 | $14M | 52k | 266.28 | |
| Trip Com Group Ads (TCOM) | 0.2 | $14M | 182k | 75.20 | |
| Pinnacle Financial Partners | 0.2 | $14M | 145k | 93.79 | |
| Walker & Dunlop (WD) | 0.2 | $13M | 160k | 83.62 | |
| Ccc Intelligent Solutions Holdings (CCC) | 0.2 | $13M | 1.5M | 9.11 | |
| Tenet Healthcare Corp Com New (THC) | 0.2 | $13M | 64k | 203.04 | |
| Ducommun Incorporated (DCO) | 0.2 | $13M | 135k | 96.13 | |
| Nutanix Cl A (NTNX) | 0.2 | $13M | 173k | 74.39 | |
| Sensient Technologies Corporation (SXT) | 0.2 | $12M | 132k | 93.85 | |
| Sunopta (STKL) | 0.2 | $12M | 2.1M | 5.86 | |
| Wyndham Hotels And Resorts (WH) | 0.2 | $12M | 151k | 79.90 | |
| PNM Resources (TXNM) | 0.2 | $12M | 208k | 56.55 | |
| Assurant (AIZ) | 0.2 | $12M | 53k | 216.60 | |
| Bj's Wholesale Club Holdings (BJ) | 0.1 | $11M | 123k | 93.25 | |
| Dt Midstream Common Stock (DTM) | 0.1 | $11M | 100k | 113.06 | |
| Xpo Logistics Inc equity (XPO) | 0.1 | $11M | 85k | 129.27 | |
| M/a (MTSI) | 0.1 | $11M | 88k | 124.49 | |
| Bbb Foods Cl A Com (TBBB) | 0.1 | $11M | 396k | 26.96 | |
| Group 1 Automotive (GPI) | 0.1 | $11M | 24k | 437.51 | |
| Arcosa (ACA) | 0.1 | $10M | 110k | 93.71 | |
| Icon SHS (ICLR) | 0.1 | $10M | 57k | 175.00 | |
| Crane Holdings (CXT) | 0.1 | $9.9M | 148k | 67.07 | |
| Lpl Financial Holdings (LPLA) | 0.1 | $9.9M | 30k | 332.69 | |
| Aercap Holdings Nv SHS (AER) | 0.1 | $8.7M | 72k | 121.00 | |
| Servicetitan Shs Cl A (TTAN) | 0.1 | $8.3M | 83k | 100.83 | |
| Argan (AGX) | 0.1 | $7.9M | 29k | 270.05 | |
| Kite Rlty Group Tr Com New (KRG) | 0.1 | $7.9M | 353k | 22.30 | |
| Shell Spon Ads (SHEL) | 0.1 | $7.8M | 109k | 71.53 | |
| Credo Technology Group Holdi Ordinary Shares (CRDO) | 0.1 | $7.7M | 53k | 145.61 | |
| Verra Mobility Corp Cl A Com Stk (VRRM) | 0.1 | $7.6M | 308k | 24.70 | |
| Pjt Partners Com Cl A (PJT) | 0.1 | $7.3M | 41k | 177.73 | |
| Rambus (RMBS) | 0.1 | $7.1M | 69k | 104.20 | |
| Microsoft Corporation (MSFT) | 0.1 | $7.0M | 14k | 517.95 | |
| Open Text Corp (OTEX) | 0.1 | $6.4M | 171k | 37.37 | |
| Repligen Corporation (RGEN) | 0.1 | $6.4M | 48k | 133.67 | |
| Icici Bank Adr (IBN) | 0.1 | $6.4M | 210k | 30.23 | |
| Insmed Com Par $.01 (INSM) | 0.1 | $6.3M | 44k | 144.01 | |
| Sitime Corp (SITM) | 0.1 | $6.3M | 21k | 301.31 | |
| Standardaero (SARO) | 0.1 | $5.8M | 212k | 27.29 | |
| Repay Hldgs Corp Com Cl A (RPAY) | 0.1 | $5.7M | 1.1M | 5.23 | |
| Celsius Hldgs Com New (CELH) | 0.1 | $5.7M | 99k | 57.49 | |
| Jfrog Ord Shs (FROG) | 0.1 | $5.7M | 120k | 47.33 | |
| CryoLife (AORT) | 0.1 | $5.6M | 133k | 42.34 | |
| Ishares Tr Msci Eafe Etf (EFA) | 0.1 | $5.6M | 60k | 93.37 | |
| Deckers Outdoor Corporation (DECK) | 0.1 | $5.6M | 55k | 101.37 | |
| Avantor (AVTR) | 0.1 | $5.6M | 446k | 12.48 | |
| Cyberark Software SHS (CYBR) | 0.1 | $5.5M | 12k | 483.15 | |
| Servicenow (NOW) | 0.1 | $5.5M | 6.0k | 920.28 | |
| Liberty Media Corp Del Com Lbty One S C (FWONK) | 0.1 | $5.4M | 52k | 104.45 | |
| Matador Resources (MTDR) | 0.1 | $5.1M | 113k | 44.93 | |
| Casey's General Stores (CASY) | 0.1 | $5.0M | 8.9k | 565.32 | |
| Diageo Spon Adr New (DEO) | 0.1 | $4.9M | 51k | 95.43 | |
| Stepstone Group Com Cl A (STEP) | 0.1 | $4.8M | 73k | 65.31 | |
| Waste Connections (WCN) | 0.1 | $4.7M | 27k | 175.80 | |
| Cytokinetics Com New (CYTK) | 0.1 | $4.7M | 85k | 54.96 | |
| Sap Se Spon Adr (SAP) | 0.1 | $4.6M | 17k | 267.21 | |
| Shift4 Pmts Cl A (FOUR) | 0.1 | $4.5M | 59k | 77.40 | |
| Insulet Corporation (PODD) | 0.1 | $4.5M | 15k | 308.73 | |
| Petroleo Brasileiro Sa Petro Sponsored Adr (PBR) | 0.1 | $4.4M | 346k | 12.66 | |
| Monday SHS (MNDY) | 0.1 | $4.1M | 21k | 193.69 | |
| Dutch Bros Cl A (BROS) | 0.1 | $4.1M | 78k | 52.34 | |
| Glaukos (GKOS) | 0.1 | $4.0M | 49k | 81.55 | |
| BioMarin Pharmaceutical (BMRN) | 0.1 | $4.0M | 73k | 54.16 | |
| On Hldg Namen Akt A (ONON) | 0.1 | $3.9M | 91k | 42.35 | |
| Freshpet (FRPT) | 0.0 | $3.6M | 65k | 55.11 | |
| Clearwater Analytics Hldgs I Cl A (CWAN) | 0.0 | $3.3M | 182k | 18.02 | |
| Samsara Com Cl A (IOT) | 0.0 | $3.2M | 87k | 37.25 | |
| Tradeweb Mkts Cl A (TW) | 0.0 | $3.2M | 29k | 110.98 | |
| Saia (SAIA) | 0.0 | $3.1M | 10k | 299.36 | |
| Stellantis SHS (STLA) | 0.0 | $2.8M | 303k | 9.34 | |
| Churchill Downs (CHDN) | 0.0 | $2.8M | 29k | 97.01 | |
| Amazon (AMZN) | 0.0 | $2.4M | 11k | 219.57 | |
| Amer Sports Com Shs (AS) | 0.0 | $2.3M | 67k | 34.75 | |
| NVIDIA Corporation (NVDA) | 0.0 | $2.3M | 12k | 186.58 | |
| Ultragenyx Pharmaceutical (RARE) | 0.0 | $2.1M | 69k | 30.08 | |
| Bristol Myers Squibb (BMY) | 0.0 | $1.7M | 38k | 45.10 | |
| Inspire Med Sys (INSP) | 0.0 | $1.5M | 20k | 74.20 | |
| Visa Com Cl A (V) | 0.0 | $1.4M | 4.2k | 341.38 | |
| Globant S A (GLOB) | 0.0 | $1.3M | 23k | 57.38 | |
| Airbnb Note 3/1 (Principal) | 0.0 | $1.3M | 1.4M | 0.98 | |
| Micron Technology (MU) | 0.0 | $1.3M | 7.8k | 167.32 | |
| Schlumberger Com Stk (SLB) | 0.0 | $1.2M | 34k | 34.37 | |
| Liberty Energy Com Cl A (LBRT) | 0.0 | $919k | 75k | 12.34 | |
| Zoetis Cl A (ZTS) | 0.0 | $851k | 5.8k | 146.32 | |
| Tenaris S A Sponsored Ads (TS) | 0.0 | $846k | 24k | 35.77 | |
| Apple (AAPL) | 0.0 | $790k | 3.1k | 254.63 | |
| Quanta Services (PWR) | 0.0 | $751k | 1.8k | 414.42 | |
| Novartis Sponsored Adr (NVS) | 0.0 | $627k | 4.9k | 128.24 | |
| Hdfc Bank Sponsored Ads (HDB) | 0.0 | $567k | 17k | 34.16 | |
| Grupo Aeropuerto Del Pacific Spon Ads B (PAC) | 0.0 | $486k | 2.0k | 237.19 | |
| Coupang Cl A (CPNG) | 0.0 | $462k | 14k | 32.20 | |
| Infosys Sponsored Adr (INFY) | 0.0 | $401k | 25k | 16.27 | |
| Kb Finl Group Sponsored Adr (KB) | 0.0 | $392k | 4.7k | 82.91 | |
| Vanguard Star Fds Vg Tl Intl Stk F (VXUS) | 0.0 | $389k | 5.3k | 73.46 | |
| Coca-cola Femsa Sab De Cv Spons Ads Rep (KOF) | 0.0 | $378k | 4.5k | 83.10 | |
| Air Lease Corp Cl A (AL) | 0.0 | $336k | 5.3k | 63.65 | |
| Itau Unibanco Hldg S A Spon Adr Rep Pfd (ITUB) | 0.0 | $311k | 42k | 7.34 | |
| Simply Good Foods (SMPL) | 0.0 | $295k | 12k | 24.82 | |
| Vanguard Intl Equity Index F Allwrld Ex Us (VEU) | 0.0 | $268k | 3.8k | 71.37 | |
| Colliers Intl Group Sub Vtg Shs (CIGI) | 0.0 | $261k | 1.7k | 156.37 | |
| Diamondback Energy (FANG) | 0.0 | $221k | 1.5k | 143.10 | |
| Vodafone Group Sponsored Adr (VOD) | 0.0 | $199k | 17k | 11.60 |
