Thornburg Investment Management Inc
Net buyer this quarter
$10.5B
135
+$471M
58.1%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 C | $1.06B | 10.10% | 0.45% | -5.5% | Q2 2013 |
 TTE | $919M | 8.79% | 0.54% | +1.4% | Q2 2013 |
 T | $746M | 7.13% | 0.52% | +16.0% | Q2 2013 |
 AVGO | $691M | 6.61% | 0.04% | -12.2% | Q4 2015 |
 KMB | $632M | 6.05% | 1.73% | New | Q2 2026 |
 AZN | $541M | 5.17% | Not reported | +1.2% | Q1 2018 |
 MRK | $487M | 4.66% | 0.15% | +1.6% | Q2 2013 |
 TSM | $365M | 3.49% | 0.00% | +9.1% | Q2 2013 |
 CSCO | $319M | 3.05% | 0.07% | -6.8% | Q2 2020 |
 TRP | $315M | 3.01% | Not reported | +0.7% | Q3 2023 |
 CME | $250M | 2.39% | 0.34% | -1.1% | Q3 2014 |
| EQH | $226M | 2.16% | 1.88% | +3.0% | Q1 2020 |
 FCX | $208M | 1.99% | 0.23% | +16.5% | Q3 2015 |
 RF | $204M | 1.95% | 0.79% | +3.6% | Q1 2020 |
 ENB | $199M | 1.90% | 0.17% | +0.9% | Q2 2022 |
 MDT | $196M | 1.88% | 0.20% | +24.5% | Q3 2015 |
 CP | $175M | 1.67% | 0.23% | -0.5% | Q1 2015 |
 GOOGL | $174M | 1.67% | 0.00% | +14.9% | Q3 2015 |
 HD | $164M | 1.57% | 0.05% | -10.8% | Q1 2014 |
 LIN | $141M | 1.35% | 0.06% | -1.3% | Q1 2020 |
 ABBV | $136M | 1.30% | 0.03% | +7.6% | Q2 2019 |
 SOBO | $131M | 1.25% | 1.79% | +2.4% | Q1 2025 |
 FER | $117M | 1.12% | 0.24% | -1.5% | Q2 2024 |
 ALC | $110M | 1.05% | 0.33% | -4.5% | Q2 2019 |
 SCHW | $108M | 1.03% | 0.07% | +44.6% | Q2 2013 |
 LLY | $95.6M | 0.91% | 0.01% | +32.4% | Q4 2025 |
 CIM | $73.5M | 0.70% | 6.58% | +0.7% | Q2 2013 |
 META | $73.5M | 0.70% | Not reported | +3.4% | Q3 2013 |
 BZ | $69.7M | 0.67% | 5.41% | -13.1% | Q2 2021 |
 MA | $63.4M | 0.61% | 0.01% | +26.1% | Q2 2013 |
 BABA | $59.3M | 0.57% | 0.03% | +1.2% | Q3 2014 |
 SLRC | $58.2M | 0.56% | 8.63% | +1.6% | Q2 2013 |
 BKNG | $56.4M | 0.54% | 0.04% | +12.8% | Q1 2018 |
 ADBE | $55.3M | 0.53% | 0.07% | +55.5% | Q3 2025 |
 MELI | $50M | 0.48% | 0.06% | -5.1% | Q2 2013 |
 AMD | $49M | 0.47% | 0.01% | -31.1% | Q2 2021 |
 NFLX | $47.5M | 0.45% | 0.02% | +428.3% | Q2 2014 |
 PFE | $47.4M | 0.45% | 0.03% | -12.1% | Q2 2013 |
 TJX | $46.8M | 0.45% | 0.03% | +17.2% | Q2 2017 |
 LHX | $44.5M | 0.43% | 0.08% | +20.9% | Q2 2020 |
 COF | $40.1M | 0.38% | 0.03% | +43.1% | Q2 2013 |
 CACI | $39.9M | 0.38% | 0.39% | +1.8% | Q4 2020 |
 ASML | $37.3M | 0.36% | 0.00% | -3.9% | Q2 2013 |
 MU | $36.1M | 0.35% | 0.00% | +27.1% | Q1 2014 |
 SE | $35M | 0.33% | 0.21% | -1.3% | Q2 2019 |
 MFIC | $32.6M | 0.31% | 3.93% | Not reported | Q4 2018 |
 RACE | $29.7M | 0.28% | 0.04% | -17.0% | Q3 2020 |
 SHOP | $28.2M | 0.27% | 0.06% | +5.5% | Q4 2020 |
 MSFT | $24.6M | 0.24% | 0.00% | +139.6% | Q2 2013 |
 MUFG | $24.5M | 0.23% | 0.01% | +14.1% | Q2 2013 |
| Q1 2026 | |||||
| TTE | $1.09B | 11.31% | 0.53% | Not reported | Q2 2013 |
| C | $906M | 9.40% | 0.46% | -0.4% | Q2 2013 |
| T | $900M | 9.34% | 0.44% | +6.9% | Q2 2013 |
| AVGO | $645M | 6.69% | 0.04% | +1.3% | Q4 2015 |
| AZN | $556M | 5.77% | Not reported | +1029.9% | Q1 2018 |
| MRK | $449M | 4.66% | 0.15% | Not reported | Q2 2013 |
| CME | $338M | 3.51% | 0.34% | -0.1% | Q3 2014 |
| TRP | $295M | 3.06% | Not reported | +16.8% | Q3 2023 |
| TSM | $237M | 2.46% | 0.00% | +8.9% | Q2 2013 |
| CSCO | $226M | 2.35% | 0.07% | +1.6% | Q2 2020 |
| ENB | $197M | 2.05% | 0.17% | +1.1% | Q2 2022 |
| EQH | $185M | 1.92% | 1.77% | +2.1% | Q1 2020 |
| MDT | $175M | 1.81% | 0.16% | +4.6% | Q3 2015 |
| HD | $171M | 1.78% | 0.05% | +0.2% | Q1 2014 |
| RF | $170M | 1.77% | 0.75% | +4.6% | Q1 2020 |
| FCX | $167M | 1.73% | 0.20% | +1.5% | Q3 2015 |
| CP | $160M | 1.66% | 0.23% | -3.5% | Q1 2015 |
| LIN | $135M | 1.41% | 0.06% | +0.7% | Q1 2020 |
| ALC | $128M | 1.33% | 0.35% | -2.2% | Q2 2019 |
| GOOGL | $122M | 1.27% | 0.00% | +0.6% | Q3 2015 |
| SOBO | $121M | 1.25% | 1.74% | +28.4% | Q1 2025 |
| FER | $112M | 1.16% | 0.24% | +0.9% | Q2 2024 |
| ABBV | $109M | 1.14% | 0.03% | +25.4% | Q2 2019 |
| BZ | $83.5M | 0.87% | 6.23% | +1.9% | Q2 2021 |
 LYB | $78.7M | 0.82% | 0.30% | Not reported | Q2 2013 |
| BABA | $76.6M | 0.79% | 0.03% | +4.5% | Q3 2014 |
| SCHW | $76.1M | 0.79% | 0.05% | +7.2% | Q2 2013 |
| META | $72.2M | 0.75% | Not reported | -2.7% | Q3 2013 |
| CIM | $68.7M | 0.71% | 6.55% | +3.9% | Q2 2013 |
| SLRC | $66.3M | 0.69% | 8.49% | +6.1% | Q2 2013 |
| PFE | $63M | 0.65% | 0.04% | +1.8% | Q2 2013 |
| LLY | $55.3M | 0.57% | 0.01% | +32.5% | Q4 2025 |
| MELI | $53.6M | 0.56% | 0.06% | +3.6% | Q2 2013 |
| MA | $48.9M | 0.51% | 0.01% | -1.2% | Q2 2013 |
| BKNG | $47.2M | 0.49% | 0.04% | +168.7% | Q1 2018 |
| CACI | $46M | 0.48% | 0.38% | +1.0% | Q4 2020 |
| LHX | $43.7M | 0.45% | 0.07% | Not reported | Q2 2020 |
| ADBE | $42.2M | 0.44% | 0.04% | +74.9% | Q3 2025 |
| TJX | $42.1M | 0.44% | 0.02% | +1.2% | Q2 2017 |
| MFIC | $36.4M | 0.38% | 3.80% | +3.2% | Q4 2018 |
 TDG | $34.4M | 0.36% | 0.05% | -37.7% | Q3 2025 |
| RACE | $32.5M | 0.34% | 0.05% | +9.0% | Q3 2020 |
| SE | $30.6M | 0.32% | 0.21% | +14.2% | Q2 2019 |
 VRT | $28.8M | 0.30% | 0.03% | -14.0% | Q2 2023 |
| SHOP | $27.7M | 0.29% | 0.06% | +70.2% | Q4 2020 |
| ASML | $25.8M | 0.27% | 0.01% | -4.0% | Q2 2013 |
| COF | $25.5M | 0.26% | 0.02% | -23.5% | Q2 2013 |
| AMD | $24.9M | 0.26% | 0.01% | -0.6% | Q2 2021 |
 FTI | $23M | 0.24% | 0.08% | -21.6% | Q4 2022 |
 ANET | $20.7M | 0.21% | 0.01% | +4.7% | Q1 2019 |
| Q4 2025 | |||||
| C | $936M | 11.81% | 0.45% | -0.1% | Q2 2013 |
| T | $721M | 9.10% | 0.41% | +2.8% | Q2 2013 |
| AVGO | $712M | 8.99% | 0.04% | -6.7% | Q4 2015 |
| MRK | $392M | 4.95% | 0.15% | +5.9% | Q2 2013 |
| CME | $313M | 3.95% | 0.34% | +3.2% | Q3 2014 |
| EQH | $233M | 2.94% | 1.73% | +0.5% | Q1 2020 |
| TRP | $223M | 2.81% | Not reported | +0.3% | Q3 2023 |
| CSCO | $221M | 2.79% | 0.07% | +9.9% | Q2 2020 |
| TSM | $196M | 2.47% | 0.00% | -3.1% | Q2 2013 |
| MDT | $185M | 2.34% | 0.15% | -0.1% | Q3 2015 |
| HD | $179M | 2.26% | 0.05% | +0.8% | Q1 2014 |
| ENB | $172M | 2.18% | 0.17% | +0.4% | Q2 2022 |
| RF | $169M | 2.13% | 0.71% | +34.7% | Q1 2020 |
| CP | $155M | 1.95% | 0.23% | -8.4% | Q1 2015 |
| FCX | $142M | 1.79% | 0.19% | +50.7% | Q3 2015 |
| ALC | $138M | 1.74% | 0.36% | +21.7% | Q2 2019 |
| GOOGL | $132M | 1.67% | 0.00% | -17.7% | Q3 2015 |
| BZ | $125M | 1.57% | 6.11% | +58.8% | Q2 2021 |
| LIN | $116M | 1.46% | 0.06% | -0.9% | Q1 2020 |
| FER | $112M | 1.41% | 0.24% | +0.2% | Q2 2024 |
| ABBV | $91.6M | 1.16% | 0.02% | -0.2% | Q2 2019 |
| META | $85.7M | 1.08% | Not reported | -9.7% | Q3 2013 |
| BABA | $85.6M | 1.08% | 0.00% | +5.5% | Q3 2014 |
| SOBO | $77.8M | 0.98% | 1.36% | +41.7% | Q1 2025 |
| SCHW | $75.4M | 0.95% | 0.04% | -0.2% | Q2 2013 |
| SLRC | $67.5M | 0.85% | 8.01% | -0.1% | Q2 2013 |
| CIM | $65.5M | 0.83% | 6.32% | +5.0% | Q2 2013 |
| TDG | $63.3M | 0.80% | 0.08% | Not reported | Q3 2025 |
| MELI | $60.3M | 0.76% | 0.06% | +0.1% | Q2 2013 |
| MA | $56.5M | 0.71% | 0.01% | -4.7% | Q2 2013 |
| PFE | $54.8M | 0.69% | 0.04% | +52.0% | Q2 2013 |
| LLY | $48.8M | 0.62% | 0.00% | New | Q4 2025 |
| AZN | $46.5M | 0.59% | Not reported | -1.0% | Q1 2018 |
| CACI | $44.6M | 0.56% | 0.38% | -2.2% | Q4 2020 |
| COF | $44.3M | 0.56% | 0.03% | -0.2% | Q2 2013 |
| LYB | $42.3M | 0.53% | 0.30% | -5.0% | Q2 2013 |
 MRX | $42.3M | 0.53% | 1.51% | +5.0% | Q1 2025 |
| SE | $41.3M | 0.52% | 0.18% | +4.9% | Q2 2019 |
| TJX | $40M | 0.51% | 0.02% | -5.4% | Q2 2017 |
| LHX | $37.2M | 0.47% | 0.07% | -0.5% | Q2 2020 |
| MFIC | $35.9M | 0.45% | 3.40% | Not reported | Q4 2018 |
| ADBE | $34.7M | 0.44% | 0.02% | +70.0% | Q3 2025 |
| RACE | $32.6M | 0.41% | 0.05% | -0.9% | Q3 2020 |
| AMD | $26.4M | 0.33% | 0.01% | +7.9% | Q2 2021 |
 CWST | $23.9M | 0.30% | Not reported | -1.4% | Q4 2020 |
| BKNG | $22.3M | 0.28% | 0.01% | -13.4% | Q1 2018 |
| SHOP | $22.1M | 0.28% | 0.03% | -2.7% | Q4 2020 |
| ASML | $21.7M | 0.27% | 0.01% | -3.5% | Q2 2013 |
| VRT | $21.7M | 0.27% | 0.03% | -6.1% | Q2 2023 |
 AGYS | $21.2M | 0.27% | 0.63% | -1.1% | Q2 2021 |
| Q3 2025 | |||||
| C | $814M | 10.62% | 0.45% | -0.6% | Q2 2013 |
| T | $798M | 10.41% | 0.40% | +2.8% | Q2 2013 |
| AVGO | $727M | 9.49% | 0.05% | -16.7% | Q4 2015 |
| CME | $300M | 3.92% | 0.33% | +7.7% | Q3 2014 |
| MRK | $295M | 3.85% | 0.14% | -25.6% | Q2 2013 |
| EQH | $247M | 3.22% | 1.68% | +0.3% | Q1 2020 |
| TRP | $219M | 2.86% | Not reported | +4.3% | Q3 2023 |
| HD | $209M | 2.73% | 0.05% | +0.6% | Q1 2014 |
| TSM | $186M | 2.42% | 0.00% | -6.2% | Q2 2013 |
| MDT | $184M | 2.40% | 0.15% | +0.4% | Q3 2015 |
| ENB | $181M | 2.36% | 0.16% | Not reported | Q2 2022 |
| CSCO | $179M | 2.33% | 0.07% | +6.7% | Q2 2020 |
| CP | $171M | 2.23% | 0.25% | +12.2% | Q1 2015 |
| LIN | $131M | 1.71% | 0.06% | +6.0% | Q1 2020 |
| GOOGL | $125M | 1.63% | 0.00% | -3.5% | Q3 2015 |
| RF | $122M | 1.59% | 0.52% | +0.6% | Q1 2020 |
| ALC | $107M | 1.40% | 0.29% | -11.2% | Q2 2019 |
| META | $106M | 1.38% | Not reported | -6.9% | Q3 2013 |
| BABA | $98.9M | 1.29% | 0.00% | +14.3% | Q3 2014 |
| FER | $98.8M | 1.29% | 0.24% | +0.3% | Q2 2024 |
| ABBV | $93M | 1.21% | 0.02% | +25.5% | Q2 2019 |
| BZ | $90M | 1.17% | 3.85% | -17.4% | Q2 2021 |
| FCX | $72.7M | 0.95% | 0.13% | -36.4% | Q3 2015 |
| SCHW | $72.2M | 0.94% | 0.04% | -7.1% | Q2 2013 |
| MELI | $70M | 0.91% | 0.06% | -2.5% | Q2 2013 |
| SLRC | $66.9M | 0.87% | 8.02% | Not reported | Q2 2013 |
| CIM | $66.4M | 0.87% | 6.19% | +1.4% | Q2 2013 |
| TDG | $62.8M | 0.82% | 0.08% | New | Q3 2025 |
| MA | $59.1M | 0.77% | 0.01% | -4.3% | Q2 2013 |
| SOBO | $56.5M | 0.74% | 0.96% | +20.6% | Q1 2025 |
| SE | $55.2M | 0.72% | 0.17% | -2.9% | Q2 2019 |
| LYB | $50.5M | 0.66% | 0.32% | -47.8% | Q2 2013 |
| RACE | $43.2M | 0.56% | 0.05% | +9.7% | Q3 2020 |
| CACI | $42.7M | 0.56% | 0.39% | +0.2% | Q4 2020 |
| TJX | $39.8M | 0.52% | 0.02% | -13.7% | Q2 2017 |
| AZN | $39.2M | 0.51% | Not reported | -4.6% | Q1 2018 |
| COF | $38.9M | 0.51% | 0.03% | -3.3% | Q2 2013 |
| LHX | $38.9M | 0.51% | 0.07% | -0.1% | Q2 2020 |
| MFIC | $37.6M | 0.49% | 3.36% | +6.8% | Q4 2018 |
| PFE | $36.9M | 0.48% | 0.03% | -86.1% | Q2 2013 |
| MRX | $35.3M | 0.46% | 1.45% | +27.6% | Q1 2025 |
 NVO | $30.2M | 0.39% | Not reported | -33.8% | Q2 2013 |
 JPM | $29.4M | 0.38% | 0.00% | -0.4% | Q2 2013 |
 ELME | $27M | 0.35% | 1.81% | -20.3% | Q2 2013 |
| BKNG | $26M | 0.34% | 0.01% | -10.2% | Q1 2018 |
| ANET | $24M | 0.31% | 0.01% | +13.4% | Q1 2019 |
| CWST | $23.5M | 0.31% | Not reported | -3.2% | Q4 2020 |
| VRT | $21.5M | 0.28% | 0.04% | -19.1% | Q2 2023 |
| SHOP | $21M | 0.27% | 0.04% | -18.3% | Q4 2020 |
| ADBE | $20.6M | 0.27% | 0.01% | New | Q3 2025 |