Thornburg Investment Management Inc 13F annual report

Thornburg Investment Management Inc is an investment fund managing more than $6.92 trillion ran by Stephen Velie. There are currently 192 companies in Mr. Velie’s portfolio. The largest investments include Broadcom and Citigroup Inc, together worth $849 billion.

Limited to 30 biggest holdings

$6.92 trillion Assets Under Management (AUM)

As of 1st February 2024, Thornburg Investment Management Inc’s top holding is 433,702 shares of Broadcom currently worth over $484 billion and making up 7.0% of the portfolio value. Relative to the number of outstanding shares of Broadcom, Thornburg Investment Management Inc owns less than approximately 0.1% of the company. In addition, the fund holds 7,092,451 shares of Citigroup Inc worth $365 billion, whose value grew 20.8% in the past six months. The third-largest holding is CME Inc worth $339 billion and the next is AT&T worth $316 billion, with 18,860,073 shares owned.

Currently, Thornburg Investment Management Inc's portfolio is worth at least $6.92 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Thornburg Investment Management Inc

The Thornburg Investment Management Inc office and employees reside in Santa Fe, New Mexico. According to the last 13-F report filed with the SEC, Stephen Velie serves as the Chief Compliance Officer at Thornburg Investment Management Inc.

Recent trades

In the most recent 13F filing, Thornburg Investment Management Inc revealed that it had opened a new position in AT&T and bought 18,860,073 shares worth $316 billion. This means they effectively own approximately 0.1% of the company. AT&T makes up 91.1% of the fund's Communication Services sector allocation and has decreased its share price by 1.4% in the past year.

The investment fund also strengthened its position in Citigroup Inc by buying 3,319,404 additional shares. This makes their stake in Citigroup Inc total 7,092,451 shares worth $365 billion. Citigroup Inc soared 6.6% in the past year.

On the other hand, there are companies that Thornburg Investment Management Inc is getting rid of from its portfolio. Thornburg Investment Management Inc closed its position in Activision Blizzard Inc on 8th February 2024. It sold the previously owned 393,724 shares for $33.2 million. Stephen Velie also disclosed a decreased stake in Broadcom by 0.2%. This leaves the value of the investment at $484 billion and 433,702 shares.

One of the largest hedge funds

The two most similar investment funds to Thornburg Investment Management Inc are Hb Wealth Management and Pinestone Asset Management. They manage $6.92 trillion and $6.93 trillion respectively.


Stephen Velie investment strategy

Thornburg Investment Management Inc’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Finance — making up 23.4% of the total portfolio value. The fund focuses on investments in the United States as 45.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 37% of the total holdings value. On the other hand, small-cap stocks make up only 2.1% of the portfolio. The average market cap of the portfolio companies is close to $93.7 billion.

The complete list of Thornburg Investment Management Inc trades based on 13F SEC filings

These positions were updated on February 8th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Broadcom Inc.
16.38%
433,702
$484,119,858,000 6.99%
Citigroup Inc
87.98%
7,092,451
$364,835,679,000 5.27%
CME Group Inc
3.51%
1,609,585
$338,978,601,000 4.90%
AT&T Inc.
Opened
18,860,073
$316,472,025,000 4.57%
JPMorgan Chase & Co.
6.35%
1,662,106
$282,724,231,000 4.08%
Qualcomm, Inc.
0.02%
1,931,373
$279,334,477,000 4.04%
Pfizer Inc.
3.27%
7,902,902
$227,524,549,000 3.29%
Merck & Co Inc
35.60%
2,015,581
$219,738,641,000 3.17%
Regions Financial Corp.
4.72%
11,180,802
$216,683,943,000 3.13%
Lyondellbasell Industries N
No change
1,960,994
$186,451,310,000 2.69%
Equitable Holdings, Inc.
0.03%
5,445,068
$181,320,764,000 2.62%
Home Depot, Inc.
0.17%
510,286
$176,839,613,000 2.55%
Abbvie Inc
No change
1,004,705
$155,699,134,000 2.25%
Enbridge Inc
0.28%
3,543,172
$128,137,364,000 1.85%
Taiwan Semiconductor Mfg Ltd
0.09%
1,200,386
$124,703,700,000 1.80%
Petroleo Brasileiro Sa Petro
4.30%
7,646,681
$122,117,496,000 1.76%
Canadian Pacific Kansas City
0.82%
1,429,537
$110,141,632,000 1.59%
Meta Platforms Inc
13.14%
308,027
$109,029,237,000 1.58%
TC Energy Corporation
Opened
2,529,347
$98,844,093,000 1.43%
Cisco Sys Inc
16.12%
1,937,715
$97,893,362,000 1.41%
Linde Plc.
0.43%
235,282
$97,057,994,000 1.40%
Novo-nordisk A S
150.81%
858,210
$88,827,032,000 1.28%
Alphabet Inc
0.26%
559,792
$78,197,345,000 1.13%
Medtronic Plc
35.18%
925,592
$76,250,269,000 1.10%
Chimera Invt Corp
13.27%
14,857,969
$74,141,265,000 1.07%
Stellantis N.V
16.74%
3,150,333
$73,530,258,000 1.06%
Schwab Charles Corp
0.92%
998,411
$68,690,677,000 0.99%
SLR Investment Corp
No change
4,338,599
$65,209,143,000 0.94%
Booking Holdings Inc
33.44%
17,129
$60,754,468,000 0.88%
Freeport-McMoRan Inc
68.80%
1,364,591
$58,087,063,000 0.84%
MercadoLibre Inc
26.16%
33,749
$53,041,652,000 0.77%
Tjx Cos Inc New
12.21%
529,917
$49,711,514,000 0.72%
Mastercard Incorporated
17.11%
109,924
$46,875,346,000 0.68%
Midcap Financial Invstmnt Co
No change
2,937,783
$40,188,871,000 0.58%
Capital One Finl Corp
9.05%
301,147
$39,486,395,000 0.57%
NVIDIA Corp
52.33%
79,536
$39,458,469,000 0.57%
Ferrari N.V.
3.10%
116,224
$39,345,592,000 0.57%
PDD Holdings Inc
Opened
242,212
$35,447,536,000 0.51%
Alcon Ag
18.32%
434,869
$35,392,505,000 0.51%
Asml Holding N V
1.79%
46,425
$35,013,370,000 0.51%
Caci International Inc.
9.26%
106,913
$34,624,844,000 0.50%
Elme Communities
No change
2,355,668
$34,392,753,000 0.50%
Astrazeneca plc
12.32%
508,872
$34,358,161,000 0.50%
Advanced Micro Devices Inc.
Opened
231,972
$34,189,976,000 0.49%
Icon Plc
26.27%
110,257
$31,190,627,000 0.45%
HDFC Bank Ltd.
35.61%
462,410
$30,966,560,000 0.45%
Fidelity Natl Information Sv
3.95%
504,424
$30,343,519,000 0.44%
Shopify Inc
2,057.38%
377,541
$29,409,132,000 0.42%
Teck Resources Ltd
2.50%
686,958
$29,019,389,000 0.42%
Casella Waste Sys Inc
1.62%
337,797
$28,852,219,000 0.42%
Visa Inc
14.56%
108,050
$28,134,869,000 0.41%
TotalEnergies SE
3.40%
386,650
$26,012,280,000 0.38%
Alibaba Group Hldg Ltd
54.86%
335,824
$25,977,253,000 0.38%
L3Harris Technologies Inc
15.35%
116,472
$24,531,333,000 0.35%
Micron Technology Inc.
11.73%
263,993
$22,515,419,000 0.33%
Globant S.A.
19.59%
89,091
$21,154,103,000 0.31%
Builders Firstsource Inc
8.19%
125,353
$20,909,811,000 0.30%
Applied Indl Technologies In
10.18%
116,829
$20,162,926,000 0.29%
Ccc Intelligent Solutions Hl
34.82%
1,760,099
$20,033,722,000 0.29%
Agilysys, Inc
16.64%
234,039
$19,812,464,000 0.29%
Vertiv Holdings Co
3.24%
408,833
$19,636,249,000 0.28%
Yum China Holdings Inc
42.76%
455,673
$19,330,053,000 0.28%
Avantor, Inc.
9.59%
831,820
$18,963,303,000 0.27%
TechnipFMC plc
39.82%
936,596
$18,843,588,000 0.27%
Costco Whsl Corp New
30.07%
26,431
$17,451,017,000 0.25%
TransUnion
55.68%
248,962
$17,106,179,000 0.25%
MYR Group Inc
9.29%
114,578
$16,571,416,000 0.24%
Qorvo Inc
53.96%
146,756
$16,526,193,000 0.24%
Biomarin Pharmaceutical Inc.
33.62%
170,802
$16,475,310,000 0.24%
Pool Corporation
4.95%
39,548
$15,755,559,000 0.23%
Sony Group Corp
1.31%
157,282
$14,843,256,000 0.21%
Clean Harbors, Inc.
20.93%
85,139
$14,836,553,000 0.21%
Vesta Real Estate Corp
Opened
368,974
$14,598,825,000 0.21%
Bjs Whsl Club Hldgs Inc
4.63%
216,946
$14,455,259,000 0.21%
Walker & Dunlop Inc
3.88%
128,739
$14,253,884,000 0.21%
ITT Inc
18.40%
118,764
$14,157,384,000 0.20%
Lpl Finl Hldgs Inc
14.54%
61,841
$14,103,265,000 0.20%
Deckers Outdoor Corp.
35.69%
21,041
$14,079,637,000 0.20%
Pinnacle Finl Partners Inc
9.07%
160,429
$13,990,747,000 0.20%
Pure Storage Inc
Opened
385,132
$13,747,699,000 0.20%
Vodafone Group plc
17.23%
1,550,534
$13,528,176,000 0.20%
Arcosa Inc
Opened
160,836
$13,280,122,000 0.19%
Repay Hldgs Corp
0.69%
1,523,609
$13,001,297,000 0.19%
YETI Holdings Inc
6.01%
247,586
$12,797,322,000 0.18%
PetIQ Inc
8.92%
641,924
$12,660,218,000 0.18%
Assurant Inc
35.48%
74,320
$12,513,995,000 0.18%
Entegris Inc
35.01%
104,543
$12,509,474,000 0.18%
Aon plc.
51.57%
42,049
$12,240,210,000 0.18%
Credicorp Ltd
Opened
81,089
$12,152,119,000 0.18%
Harmonic, Inc.
21.58%
921,312
$12,008,184,000 0.17%
Digitalbridge Group Inc
Opened
683,817
$11,994,150,000 0.17%
AECOM
6.62%
127,904
$11,812,142,000 0.17%
Sensient Technologies Corp.
4.77%
174,276
$11,492,788,000 0.17%
Tetra Tech, Inc.
14.21%
67,576
$11,280,462,000 0.16%
Aspen Technology Inc
12.32%
50,031
$10,993,850,000 0.16%
Group 1 Automotive, Inc.
61.58%
35,970
$10,943,601,000 0.16%
Sunopta, Inc.
35.45%
1,999,324
$10,933,490,000 0.16%
Ishares Tr
170.83%
286,336
$17,929,235,000 0.26%
Wyndham Hotels & Resorts Inc
10.69%
133,760
$10,755,642,000 0.16%
Kite Rlty Group Tr
10.43%
468,817
$10,708,620,000 0.15%
Western Alliance Bancorp
Opened
161,497
$10,624,888,000 0.15%
Waste Connections Inc
3.35%
70,034
$10,453,975,000 0.15%
NetEase Inc
Opened
109,318
$10,184,065,000 0.15%
Pnm Res Inc
Opened
241,832
$10,039,225,000 0.15%
Envista Holdings Corp
27.35%
412,617
$9,927,306,000 0.14%
Diageo plc
41.38%
67,723
$9,855,813,000 0.14%
Acadia Healthcare Company In
0.96%
126,076
$9,810,917,000 0.14%
XPO Inc
Opened
111,496
$9,755,818,000 0.14%
H World Group Ltd
1,928.16%
287,410
$9,590,405,000 0.14%
Matador Res Co
19.66%
162,847
$9,259,480,000 0.13%
Conmed Corp.
2.67%
82,386
$9,022,091,000 0.13%
Arm Holdings Plc
Opened
118,463
$8,901,902,000 0.13%
Bentley Sys Inc
21.83%
170,409
$8,891,942,000 0.13%
Orange.
2.20%
753,870
$8,662,409,000 0.13%
Bellring Brands Inc
Opened
154,240
$8,549,523,000 0.12%
Kemper Corp
Opened
166,622
$8,109,493,000 0.12%
Sap SE
Opened
51,602
$7,954,680,000 0.11%
Liberty Energy Inc
37.71%
422,800
$7,665,102,000 0.11%
ING Groep N.V.
35.89%
510,479
$7,620,494,000 0.11%
Altria Group Inc.
15.82%
187,900
$7,579,886,000 0.11%
Lauder Estee Cos Inc
32.21%
49,934
$7,302,848,000 0.11%
Freshpet Inc
18.32%
83,350
$7,231,446,000 0.10%
Shockwave Med Inc
0.97%
37,894
$7,221,081,000 0.10%
PJT Partners Inc
No change
70,244
$7,155,756,000 0.10%
Cytokinetics Inc
23.24%
85,199
$7,113,265,000 0.10%
Onto Innovation Inc.
Opened
46,455
$7,102,970,000 0.10%
Churchill Downs, Inc.
40.14%
51,905
$7,003,542,000 0.10%
Repligen Corp.
5.56%
38,485
$6,919,603,000 0.10%
Ats Corporation
Opened
176,629
$6,833,770,000 0.10%
Dlocal Ltd
Opened
375,575
$6,643,915,000 0.10%
Shell Plc
23.54%
98,088
$6,434,469,000 0.09%
Willscot Mobil Mini Hldng Co
15.53%
141,605
$6,301,423,000 0.09%
Saia Inc.
11.79%
14,359
$6,292,401,000 0.09%
Shift4 Pmts Inc
11.80%
84,425
$6,276,155,000 0.09%
Macom Tech Solutions Hldgs I
Opened
65,815
$6,117,504,000 0.09%
Celsius Holdings Inc
106.57%
111,489
$6,078,380,000 0.09%
Ryan Specialty Holdings Inc
11.80%
140,725
$6,053,990,000 0.09%
ServiceNow Inc
No change
8,255
$5,832,075,000 0.08%
Rambus Inc.
6.48%
82,251
$5,613,631,000 0.08%
Liberty Media Corp.
Opened
88,216
$5,569,076,000 0.08%
CyberArk Software Ltd
Opened
25,334
$5,549,413,000 0.08%
Microsoft Corporation
3.97%
14,618
$5,496,953,000 0.08%
Scotts Miracle-Gro Company
Opened
84,691
$5,399,051,000 0.08%
Monolithic Pwr Sys Inc
15.38%
8,280
$5,222,858,000 0.08%
Monday Com Ltd
Opened
27,608
$5,185,059,000 0.07%
Icici Bank Limited
10.80%
216,112
$5,155,789,000 0.07%
Inspire Med Sys Inc
55.07%
24,861
$5,057,473,000 0.07%
Clearwater Analytics Hldgs I
Opened
251,578
$5,039,107,000 0.07%
Stevanato Group S.p.A.
Opened
171,840
$4,689,514,000 0.07%
On Hldg Ag
27.25%
173,829
$4,688,168,000 0.07%
Nu Hldgs Ltd
Opened
548,137
$4,565,977,000 0.07%
Teledyne Technologies Inc
81.17%
9,924
$4,424,591,000 0.06%
Sarepta Therapeutics Inc
Opened
40,345
$3,890,468,000 0.06%
Mitsubishi Ufj Finl Group In
Opened
441,417
$3,827,028,000 0.06%
Atricure Inc
11.79%
103,215
$3,683,743,000 0.05%
Grocery Outlet Hldg Corp
1.34%
126,461
$3,409,389,000 0.05%
Tradeweb Mkts Inc
11.79%
37,212
$3,381,827,000 0.05%
Credo Technology Group Holdi
Opened
173,150
$3,371,231,000 0.05%
Livent Corp
11.80%
180,673
$3,248,501,000 0.05%
Surgery Partners Inc
37.41%
95,371
$3,050,918,000 0.04%
Bridge Invt Group Hldgs Inc
Opened
278,541
$2,724,131,000 0.04%
Kraneshares Tr
No change
73,697
$2,689,204,000 0.04%
Open Text Corp
Opened
42,700
$1,795,367,000 0.03%
Makemytrip Limited Mauritius
9.05%
37,848
$1,739,360,000 0.03%
Warner Bros.Discovery Inc
1.65%
148,688
$1,692,069,000 0.02%
Sea Ltd
22.29%
36,900
$1,494,450,000 0.02%
Amazon.com Inc.
No change
9,760
$1,482,934,000 0.02%
Itau Unibanco Hldg S A
Opened
191,537
$1,321,402,000 0.02%
Quanta Svcs Inc
28.96%
5,658
$1,163,115,000 0.02%
Infosys Ltd
92.90%
59,707
$1,098,085,000 0.02%
Spdr Gold Tr
No change
5,318
$1,016,642,000 0.01%
Diamondback Energy Inc
28.88%
6,213
$967,737,000 0.01%
Prothena Corp Plc
11.79%
25,591
$929,977,000 0.01%
Sendas Distribuidora S A
4.19%
64,719
$917,559,000 0.01%
Apple Inc
32.76%
4,708
$906,431,000 0.01%
Centrais Eletricas Brasileir
6.71%
95,092
$899,344,000 0.01%
Coupang, Inc.
10.23%
53,953
$868,222,000 0.01%
Chesapeake Energy Corp.
91.08%
10,819
$840,061,000 0.01%
Jacobs Solutions Inc
Opened
6,196
$804,241,000 0.01%
P T Telekomunikasi Indonesia
33.03%
29,841
$759,059,000 0.01%
Grab Holdings Limited
Opened
209,213
$703,865,000 0.01%
Novartis AG
7.80%
6,834
$690,029,000 0.01%
Crowdstrike Holdings Inc
Opened
2,571
$656,428,000 0.01%
Crown Holdings, Inc.
95.63%
6,901
$634,892,000 0.01%
Invesco Db Multi-sector Comm
No change
54,234
$1,040,848,000 0.02%
Lamb Weston Holdings Inc
95.06%
4,837
$519,397,000 0.01%
Booz Allen Hamilton Hldg Cor
37.64%
3,704
$470,297,000 0.01%
UBS Group AG
99.60%
11,365
$351,179,000 0.01%
Bhp Group Ltd
No change
4,885
$333,694,000 0.00%
FormFactor Inc.
29.06%
8,368
$323,340,000 0.00%
Vanguard Intl Equity Index F
Opened
5,231
$293,686,000 0.00%
Floor & Decor Holdings Inc
95.90%
1,915
$204,484,000 0.00%
Activision Blizzard Inc
Closed
393,724
$33,191,000
Chart Inds Inc
Closed
141,991
$22,689,000
AES Corp.
Closed
649,881
$13,472,000
Independence Rlty Tr Inc
Closed
569,610
$10,378,000
Sovos Brands Inc
Closed
405,401
$7,930,000
Liberty Media Corp.
Closed
100,012
$7,529,000
JD.com Inc
Closed
218,885
$7,471,000
Calix Inc
Closed
145,388
$7,256,000
Mcdonalds Corp
Closed
22,622
$6,751,000
Instructure Hldgs Inc
Closed
256,118
$6,444,000
Knight-swift Transn Hldgs In
Closed
111,096
$6,172,000
MaxLinear Inc
Closed
186,070
$5,872,000
Enphase Energy Inc
Closed
31,727
$5,314,000
Paycom Software Inc
Closed
16,469
$5,291,000
Gentherm Inc
Closed
93,471
$5,282,000
Fox Factory Hldg Corp
Closed
48,415
$5,254,000
WideOpenWest Inc
Closed
532,935
$4,498,000
Ambarella Inc
Closed
50,713
$4,243,000
Gxo Logistics Incorporated
Closed
67,312
$4,229,000
Cactus Inc
Closed
78,503
$3,322,000
Kenvue Inc
Closed
100,000
$2,642,000
Enel Chile S.A.
Closed
328,687
$1,095,000
Li Auto Inc.
Closed
25,952
$911,000
Service Corp Intl
Closed
11,227
$725,000
Otis Worldwide Corporation
Closed
6,060
$539,000
Ollies Bargain Outlet Hldgs
Closed
4,292
$249,000
No transactions found
Showing first 500 out of 218 holdings