Thornburg Investment Management as of Dec. 31, 2025
Portfolio Holdings for Thornburg Investment Management
Thornburg Investment Management holds 176 positions in its portfolio as reported in the December 2025 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Citigroup Com New (C) | 11.8 | $936M | 8.0M | 116.69 | |
| At&t (T) | 9.1 | $722M | 29M | 24.84 | |
| Broadcom (AVGO) | 9.0 | $712M | 2.1M | 346.10 | |
| Merck & Co (MRK) | 5.0 | $393M | 3.7M | 105.26 | |
| Cme (CME) | 4.0 | $313M | 1.1M | 273.08 | |
| Equitable Holdings (EQH) | 2.9 | $233M | 4.9M | 47.65 | |
| Tc Energy Corp (TRP) | 2.8 | $223M | 4.0M | 55.07 | |
| Cisco Systems (CSCO) | 2.8 | $221M | 2.9M | 77.03 | |
| Taiwan Semiconductor Mfg Sponsored Ads (TSM) | 2.5 | $196M | 644k | 303.89 | |
| Medtronic SHS (MDT) | 2.3 | $185M | 1.9M | 96.06 | |
| Home Depot (HD) | 2.3 | $179M | 520k | 344.10 | |
| Enbridge (ENB) | 2.2 | $172M | 3.6M | 47.86 | |
| Regions Financial Corporation (RF) | 2.1 | $169M | 6.2M | 27.10 | |
| Canadian Pacific Kansas City (CP) | 2.0 | $155M | 2.1M | 73.63 | |
| Freeport-mcmoran CL B (FCX) | 1.8 | $142M | 2.8M | 50.79 | |
| Alcon Ord Shs (ALC) | 1.7 | $138M | 1.7M | 79.01 | |
| Alphabet Cap Stk Cl A (GOOGL) | 1.7 | $132M | 422k | 313.00 | |
| Kanzhun Sponsored Ads (BZ) | 1.6 | $125M | 6.1M | 20.38 | |
| Linde SHS (LIN) | 1.5 | $116M | 273k | 425.28 | |
| Ferrovial Se Ord Shs (FER) | 1.4 | $112M | 1.7M | 64.95 | |
| Abbvie (ABBV) | 1.2 | $92M | 401k | 228.49 | |
| Meta Platforms Cl A (META) | 1.1 | $86M | 130k | 660.09 | |
| Alibaba Group Hldg Sponsored Ads (BABA) | 1.1 | $86M | 584k | 146.58 | |
| South Bow Corp (SOBO) | 1.0 | $78M | 2.8M | 27.51 | |
| Charles Schwab Corporation (SCHW) | 1.0 | $75M | 755k | 99.91 | |
| Solar Cap (SLRC) | 0.9 | $68M | 4.4M | 15.46 | |
| Chimera Invt Corp Com Shs (CIM) | 0.8 | $66M | 5.3M | 12.43 | |
| TransDigm Group Incorporated (TDG) | 0.8 | $63M | 48k | 1329.85 | |
| MercadoLibre (MELI) | 0.8 | $60M | 30k | 2014.26 | |
| Mastercard Incorporated Cl A (MA) | 0.7 | $57M | 99k | 570.88 | |
| Pfizer (PFE) | 0.7 | $55M | 2.2M | 24.90 | |
| Eli Lilly & Co. (LLY) | 0.6 | $49M | 45k | 1074.68 | |
| Astrazeneca Sponsored Adr | 0.6 | $47M | 506k | 91.93 | |
| Caci Intl Cl A (CACI) | 0.6 | $45M | 84k | 532.81 | |
| Capital One Financial (COF) | 0.6 | $44M | 183k | 242.36 | |
| Lyondellbasell Industries N Shs - A - (LYB) | 0.5 | $42M | 977k | 43.30 | |
| Marex Group Ord (MRX) | 0.5 | $42M | 1.1M | 38.36 | |
| Sea Sponsord Ads (SE) | 0.5 | $41M | 324k | 127.57 | |
| TJX Companies (TJX) | 0.5 | $40M | 261k | 153.61 | |
| L3harris Technologies (LHX) | 0.5 | $37M | 127k | 293.57 | |
| Midcap Financial Invstmnt Com New (MFIC) | 0.5 | $36M | 3.1M | 11.44 | |
| Adobe Systems Incorporated (ADBE) | 0.4 | $35M | 99k | 349.99 | |
| Ferrari Nv Ord (RACE) | 0.4 | $33M | 88k | 369.56 | |
| Advanced Micro Devices (AMD) | 0.3 | $26M | 123k | 214.16 | |
| Casella Waste Sys Cl A (CWST) | 0.3 | $24M | 244k | 97.94 | |
| Booking Holdings (BKNG) | 0.3 | $22M | 4.2k | 5355.33 | |
| Shopify Cl A Sub Vtg Shs (SHOP) | 0.3 | $22M | 137k | 160.97 | |
| Asml Holding N V N Y Registry Shs (ASML) | 0.3 | $22M | 20k | 1069.86 | |
| Vertiv Holdings Com Cl A (VRT) | 0.3 | $22M | 134k | 162.01 | |
| Agilysys (AGYS) | 0.3 | $21M | 178k | 118.84 | |
| Sharkninja Com Shs (SN) | 0.3 | $21M | 189k | 111.90 | |
| Arista Networks Com Shs (ANET) | 0.3 | $21M | 161k | 131.03 | |
| Coherent Corp (COHR) | 0.3 | $20M | 108k | 184.57 | |
| Applied Industrial Technologies (AIT) | 0.2 | $20M | 76k | 256.77 | |
| Technipfmc (FTI) | 0.2 | $19M | 425k | 44.56 | |
| Itt (ITT) | 0.2 | $18M | 103k | 173.51 | |
| Nu Hldgs Ord Shs Cl A (NU) | 0.2 | $18M | 1.1M | 16.74 | |
| Ing Groep Sponsored Adr (ING) | 0.2 | $18M | 633k | 28.00 | |
| Comcast Holdings Corp Zones Cv2% Pcs (Principal) (CCZ) | 0.2 | $17M | 281k | 61.38 | |
| Transunion (TRU) | 0.2 | $17M | 198k | 85.75 | |
| Aercap Holdings Nv SHS (AER) | 0.2 | $17M | 117k | 143.76 | |
| Mitsubishi Ufj Finl Group In Sponsored Ads (MUFG) | 0.2 | $16M | 1.0M | 15.86 | |
| Ishares Tr Msci Acwi Ex Us (ACWX) | 0.2 | $16M | 240k | 67.13 | |
| M/a (MTSI) | 0.2 | $16M | 93k | 171.28 | |
| Builders FirstSource (BLDR) | 0.2 | $15M | 143k | 102.89 | |
| Sony Group Corp Sponsored Adr (SONY) | 0.2 | $15M | 575k | 25.60 | |
| Flutter Entmt SHS (FLUT) | 0.2 | $14M | 66k | 215.04 | |
| Clean Harbors (CLH) | 0.2 | $14M | 61k | 234.48 | |
| Talen Energy Corp (TLN) | 0.2 | $14M | 37k | 374.84 | |
| Western Alliance Bancorporation (WAL) | 0.2 | $14M | 164k | 84.07 | |
| Pinnacle Financial Partners | 0.2 | $13M | 139k | 95.41 | |
| Servicetitan Shs Cl A (TTAN) | 0.2 | $13M | 124k | 106.50 | |
| Makemytrip Limited Mauritius SHS (MMYT) | 0.2 | $13M | 160k | 82.12 | |
| Pure Storage Cl A (PSTG) | 0.2 | $13M | 194k | 67.01 | |
| Ducommun Incorporated (DCO) | 0.2 | $13M | 135k | 95.13 | |
| Adtalem Global Ed (ATGE) | 0.2 | $13M | 123k | 103.47 | |
| Trip Com Group Ads (TCOM) | 0.2 | $13M | 177k | 71.91 | |
| Tenet Healthcare Corp Com New (THC) | 0.2 | $13M | 64k | 198.72 | |
| Sensient Technologies Corporation (SXT) | 0.2 | $12M | 131k | 93.95 | |
| Dt Midstream Common Stock (DTM) | 0.2 | $12M | 100k | 119.68 | |
| Credicorp (BAP) | 0.1 | $12M | 41k | 287.00 | |
| Arcosa (ACA) | 0.1 | $12M | 109k | 106.32 | |
| Myr (MYRG) | 0.1 | $12M | 53k | 218.50 | |
| Xpo Logistics Inc equity (XPO) | 0.1 | $12M | 85k | 135.91 | |
| Assurant (AIZ) | 0.1 | $11M | 46k | 240.85 | |
| Bj's Wholesale Club Holdings (BJ) | 0.1 | $11M | 122k | 90.03 | |
| Lpl Financial Holdings (LPLA) | 0.1 | $11M | 30k | 357.17 | |
| Icon SHS (ICLR) | 0.1 | $9.9M | 54k | 182.22 | |
| Walker & Dunlop (WD) | 0.1 | $9.6M | 160k | 60.15 | |
| Pjt Partners Com Cl A (PJT) | 0.1 | $9.0M | 54k | 167.20 | |
| Group 1 Automotive (GPI) | 0.1 | $8.8M | 23k | 393.30 | |
| Shell Spon Ads (SHEL) | 0.1 | $8.0M | 109k | 73.48 | |
| Verra Mobility Corp Cl A Com Stk (VRRM) | 0.1 | $8.0M | 357k | 22.41 | |
| Cellebrite Di Ordinary Shares (CLBT) | 0.1 | $7.9M | 441k | 18.03 | |
| Credo Technology Group Holdi Ordinary Shares (CRDO) | 0.1 | $7.9M | 55k | 143.89 | |
| Sunopta (STKL) | 0.1 | $7.9M | 2.1M | 3.80 | |
| Casey's General Stores (CASY) | 0.1 | $7.7M | 14k | 552.71 | |
| Argan (AGX) | 0.1 | $7.7M | 25k | 313.32 | |
| Repligen Corporation (RGEN) | 0.1 | $7.6M | 47k | 163.86 | |
| Wyndham Hotels And Resorts (WH) | 0.1 | $7.5M | 100k | 75.56 | |
| Micron Technology (MU) | 0.1 | $7.5M | 26k | 285.41 | |
| Ccc Intelligent Solutions Holdings (CCC) | 0.1 | $7.5M | 939k | 7.95 | |
| Sitime Corp (SITM) | 0.1 | $7.4M | 21k | 353.19 | |
| XP Cl A (XP) | 0.1 | $7.4M | 450k | 16.37 | |
| Crane Holdings (CXT) | 0.1 | $6.7M | 143k | 47.07 | |
| Nutanix Cl A (NTNX) | 0.1 | $6.7M | 130k | 51.69 | |
| Standardaero (SARO) | 0.1 | $6.7M | 233k | 28.68 | |
| Jfrog Ord Shs (FROG) | 0.1 | $6.6M | 106k | 62.46 | |
| Avantor (AVTR) | 0.1 | $6.6M | 577k | 11.46 | |
| Insmed Com Par $.01 (INSM) | 0.1 | $6.6M | 38k | 174.04 | |
| Microsoft Corporation (MSFT) | 0.1 | $6.6M | 14k | 483.62 | |
| Ishares Tr Msci Eafe Etf (EFA) | 0.1 | $6.4M | 67k | 96.03 | |
| Bbb Foods Cl A Com (TBBB) | 0.1 | $6.2M | 187k | 33.39 | |
| Monday SHS (MNDY) | 0.1 | $6.2M | 42k | 147.56 | |
| CryoLife (AORT) | 0.1 | $5.9M | 129k | 45.61 | |
| Icici Bank Adr (IBN) | 0.1 | $5.7M | 192k | 29.80 | |
| Deckers Outdoor Corporation (DECK) | 0.1 | $5.7M | 55k | 103.67 | |
| Open Text Corp (OTEX) | 0.1 | $5.5M | 168k | 32.57 | |
| BioMarin Pharmaceutical (BMRN) | 0.1 | $5.4M | 91k | 59.43 | |
| Glaukos (GKOS) | 0.1 | $5.4M | 48k | 112.91 | |
| Netskope Cl A (NTSK) | 0.1 | $5.3M | 302k | 17.54 | |
| Mirion Technologies Com Cl A (MIR) | 0.1 | $5.3M | 226k | 23.42 | |
| Rambus (RMBS) | 0.1 | $5.3M | 58k | 91.89 | |
| Dutch Bros Cl A (BROS) | 0.1 | $5.3M | 86k | 61.22 | |
| Cytokinetics Com New (CYTK) | 0.1 | $5.2M | 82k | 63.54 | |
| Celsius Hldgs Com New (CELH) | 0.1 | $5.2M | 113k | 45.74 | |
| Matador Resources (MTDR) | 0.1 | $4.8M | 113k | 42.44 | |
| Constellium Se Cl A Shs (CSTM) | 0.1 | $4.7M | 252k | 18.85 | |
| Sap Se Spon Adr (SAP) | 0.1 | $4.7M | 19k | 242.91 | |
| Servicenow (NOW) | 0.1 | $4.6M | 30k | 153.19 | |
| Stepstone Group Com Cl A (STEP) | 0.1 | $4.6M | 71k | 64.17 | |
| Entegris (ENTG) | 0.1 | $4.3M | 51k | 84.25 | |
| Petroleo Brasileiro Sa Petro Sponsored Adr (PBR) | 0.1 | $4.1M | 345k | 11.85 | |
| Insulet Corporation (PODD) | 0.1 | $4.0M | 14k | 284.24 | |
| Freshpet (FRPT) | 0.0 | $3.9M | 65k | 60.93 | |
| Shift4 Pmts Cl A (FOUR) | 0.0 | $3.6M | 57k | 62.97 | |
| Liberty Media Corp Del Com Lbty One S C (FWONK) | 0.0 | $3.5M | 36k | 98.51 | |
| Tradeweb Mkts Cl A (TW) | 0.0 | $3.4M | 32k | 107.54 | |
| AeroVironment (AVAV) | 0.0 | $3.4M | 14k | 241.89 | |
| Saia (SAIA) | 0.0 | $3.3M | 10k | 326.52 | |
| Diageo Spon Adr New (DEO) | 0.0 | $3.3M | 38k | 86.27 | |
| Samsara Com Cl A (IOT) | 0.0 | $3.2M | 91k | 35.45 | |
| Stellantis SHS (STLA) | 0.0 | $3.2M | 296k | 10.89 | |
| Churchill Downs (CHDN) | 0.0 | $3.2M | 28k | 113.78 | |
| On Hldg Namen Akt A (ONON) | 0.0 | $3.1M | 67k | 46.48 | |
| Amazon (AMZN) | 0.0 | $2.5M | 11k | 230.82 | |
| Globant S A (GLOB) | 0.0 | $2.4M | 37k | 65.37 | |
| Inspire Med Sys (INSP) | 0.0 | $2.3M | 25k | 92.23 | |
| Coastal Finl Corp Wa Com New (CCB) | 0.0 | $2.2M | 19k | 114.59 | |
| Bristol Myers Squibb (BMY) | 0.0 | $2.1M | 38k | 53.94 | |
| NVIDIA Corporation (NVDA) | 0.0 | $2.0M | 11k | 186.50 | |
| Vanguard Intl Equity Index F Allwrld Ex Us (VEU) | 0.0 | $1.7M | 23k | 73.56 | |
| Amer Sports Com Shs (AS) | 0.0 | $1.5M | 40k | 37.35 | |
| Visa Com Cl A (V) | 0.0 | $1.5M | 4.2k | 350.71 | |
| Schlumberger Com Stk (SLB) | 0.0 | $1.4M | 35k | 38.38 | |
| Airbnb Note 3/1 (Principal) | 0.0 | $1.3M | 1.4M | 0.99 | |
| Liberty Energy Com Cl A (LBRT) | 0.0 | $1.2M | 63k | 18.46 | |
| Colliers Intl Group Sub Vtg Shs (CIGI) | 0.0 | $1.1M | 7.4k | 147.00 | |
| Tenaris S A Sponsored Ads (TS) | 0.0 | $819k | 21k | 38.45 | |
| Waste Connections (WCN) | 0.0 | $761k | 4.3k | 175.36 | |
| Vanguard Star Fds Vg Tl Intl Stk F (VXUS) | 0.0 | $733k | 9.7k | 75.44 | |
| Zoetis Cl A (ZTS) | 0.0 | $732k | 5.8k | 125.82 | |
| Novartis Sponsored Adr (NVS) | 0.0 | $674k | 4.9k | 137.87 | |
| Quanta Services (PWR) | 0.0 | $634k | 1.5k | 422.06 | |
| JPMorgan Chase & Co. (JPM) | 0.0 | $628k | 1.9k | 322.22 | |
| Hdfc Bank Sponsored Ads (HDB) | 0.0 | $568k | 16k | 36.54 | |
| Grupo Aeropuerto Del Pacific Spon Ads B (PAC) | 0.0 | $533k | 2.0k | 263.63 | |
| Coca-cola Femsa Sab De Cv Spons Ads Rep (KOF) | 0.0 | $435k | 4.6k | 94.71 | |
| Kb Finl Group Sponsored Adr (KB) | 0.0 | $402k | 4.7k | 86.04 | |
| Apple (AAPL) | 0.0 | $361k | 1.3k | 271.86 | |
| Itau Unibanco Hldg S A Spon Adr Rep Pfd (ITUB) | 0.0 | $308k | 43k | 7.16 | |
| Infosys Sponsored Adr (INFY) | 0.0 | $298k | 17k | 17.82 | |
| Coupang Cl A (CPNG) | 0.0 | $269k | 11k | 23.59 | |
| Kite Rlty Group Tr Com New (KRG) | 0.0 | $266k | 11k | 23.97 | |
| Air Lease Corp Cl A (AL) | 0.0 | $254k | 4.0k | 64.23 | |
| Vodafone Group Sponsored Adr (VOD) | 0.0 | $227k | 17k | 13.21 |
