13F HOLDINGS REPORT
THORNBURG INVESTMENT MANAGEMENT INC
Quarter ended Q1 2025 · Filed May 8, 2025 · Accession 0001140361-25-017766
Total Value
$71.54B
Positions
182
Other Managers
0
Confidential Omitted
No
Holdings (182)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AT&T INC | T-PC | 27,584,862 | $7.80B | 10.90% |
| 2 | CITIGROUP INC | C-PR | 7,890,018 | $5.60B | 7.83% |
| 3 | BROADCOM INC | AVGO | 3,002,533 | $5.03B | 7.03% |
| 4 | MERCK & CO INC | MRK | 3,086,806 | $2.77B | 3.87% |
| 5 | CME GROUP INC | CME | 1,031,848 | $2.74B | 3.83% |
| 6 | EQUITABLE HLDGS INC | EQH-PC | 4,855,273 | $2.53B | 3.54% |
| 7 | PFIZER INC | PFE | 9,895,773 | $2.51B | 3.50% |
| 8 | HOME DEPOT INC | HD | 509,374 | $1.87B | 2.61% |
| 9 | TC ENERGY CORP | TRPRF | 3,860,519 | $1.82B | 2.55% |
| 10 | MEDTRONIC PLC | MDT | 1,922,810 | $1.73B | 2.42% |
| 11 | ENBRIDGE INC | ENNPF | 3,587,620 | $1.59B | 2.22% |
| 12 | CISCO SYS INC | CSCO | 2,448,169 | $1.51B | 2.11% |
| 13 | JPMORGAN CHASE & CO. | VYLD | 577,895 | $1.42B | 1.98% |
| 14 | LYONDELLBASELL INDUSTRIES N | LYB | 1,982,012 | $1.40B | 1.95% |
| 15 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 771,676 | $1.28B | 1.79% |
| 16 | ALCON AG | ALC | 1,333,526 | $1.26B | 1.77% |
| 17 | LINDE PLC | LIN | 259,055 | $1.21B | 1.69% |
| 18 | PETROLEO BRASILEIRO SA PETRO | 71654V408 | 7,750,838 | $1.11B | 1.55% |
| 19 | CANADIAN PACIFIC KANSAS CITY | CP | 1,557,543 | $1.09B | 1.53% |
| 20 | FREEPORT-MCMORAN INC | FCX | 2,844,178 | $1.08B | 1.51% |
| 21 | REGIONS FINANCIAL CORP NEW | RF-PF | 4,596,096 | $998.7M | 1.40% |
| 22 | META PLATFORMS INC | META | 169,008 | $974.1M | 1.36% |
| 23 | FERROVIAL SE | FER | 1,711,361 | $763.1M | 1.07% |
| 24 | ALPHABET INC | GOOG | 491,581 | $760.2M | 1.06% |
| 25 | SLR INVESTMENT CORP | SLRC | 4,372,550 | $737.2M | 1.03% |
| 26 | SCHWAB CHARLES CORP | SCHW-PJ | 901,559 | $705.7M | 0.99% |
| 27 | ABBVIE INC | ABBV | 324,841 | $680.6M | 0.95% |
| 28 | ALIBABA GROUP HLDG LTD | BBAAY | 493,774 | $652.9M | 0.91% |
| 29 | MERCADOLIBRE INC | MELI | 32,740 | $638.7M | 0.89% |
| 30 | CHIMERA INVT CORP | 16934Q802 | 4,948,735 | $634.9M | 0.89% |
| 31 | MASTERCARD INCORPORATED | MA | 113,970 | $624.7M | 0.87% |
| 32 | NOVO-NORDISK A S | NONOF | 717,835 | $498.5M | 0.70% |
| 33 | SEA LTD | SE | 369,689 | $482.4M | 0.67% |
| 34 | TJX COS INC NEW | 872540109 | 385,540 | $469.6M | 0.66% |
| 35 | BOOKING HOLDINGS INC | BKNG | 9,926 | $457.3M | 0.64% |
| 36 | KANZHUN LIMITED | BZ | 2,360,107 | $452.4M | 0.63% |
| 37 | ELME COMMUNITIES | ELME | 2,205,668 | $383.8M | 0.54% |
| 38 | ASTRAZENECA PLC | AZN | 517,087 | $380.1M | 0.53% |
| 39 | MIDCAP FINANCIAL INVSTMNT CO | 03761U502 | 2,937,783 | $377.8M | 0.53% |
| 40 | FERRARI N V | RACE | 84,760 | $362.7M | 0.51% |
| 41 | CAPITAL ONE FINL CORP | 14040H105 | 189,940 | $340.6M | 0.48% |
| 42 | CACI INTL INC | 127190304 | 85,601 | $314.1M | 0.44% |
| 43 | CASELLA WASTE SYS INC | CWST | 279,876 | $312.1M | 0.44% |
| 44 | BUILDERS FIRSTSOURCE INC | BLDR | 225,956 | $282.3M | 0.39% |
| 45 | L3HARRIS TECHNOLOGIES INC | LHX | 127,818 | $267.5M | 0.37% |
| 46 | MAREX GROUP PLC | MRX | 687,673 | $242.9M | 0.34% |
| 47 | FLUTTER ENTMT PLC | G3643J108 | 105,787 | $234.4M | 0.33% |
| 48 | STEVANATO GROUP S P A | STVN | 1,109,884 | $226.6M | 0.32% |
| 49 | TECHNIPFMC PLC | FTI | 639,315 | $202.6M | 0.28% |
| 50 | NVIDIA CORPORATION | NVDA | 184,428 | $199.9M | 0.28% |
| 51 | APPLIED INDL TECHNOLOGIES IN | 03820C105 | 88,030 | $198.4M | 0.28% |
| 52 | SOUTH BOW CORP | SOBO | 772,102 | $197.3M | 0.28% |
| 53 | TRANSUNION | TRU | 225,769 | $187.4M | 0.26% |
| 54 | SHARKNINJA INC | SN | 207,343 | $172.9M | 0.24% |
| 55 | ASML HOLDING N V | ASMLF | 25,781 | $170.8M | 0.24% |
| 56 | SONY GROUP CORP | SNEJF | 651,408 | $165.4M | 0.23% |
| 57 | TXNM ENERGY INC | TXNM | 298,264 | $159.5M | 0.22% |
| 58 | ADVANCED MICRO DEVICES INC | AMD | 152,484 | $156.7M | 0.22% |
| 59 | PINNACLE FINL PARTNERS INC | 72346Q104 | 145,820 | $154.6M | 0.22% |
| 60 | BJS WHSL CLUB HLDGS INC | 05550J101 | 133,562 | $152.4M | 0.21% |
| 61 | LPL FINL HLDGS INC | 50212V100 | 45,968 | $150.4M | 0.21% |
| 62 | NU HLDGS LTD | NU | 1,445,548 | $148.0M | 0.21% |
| 63 | CCC INTELLIGENT SOLUTIONS HL | CCC | 1,639,198 | $148.0M | 0.21% |
| 64 | VERTIV HOLDINGS CO | VRT | 203,803 | $147.1M | 0.21% |
| 65 | TOTALENERGIES SE | TTE | 226,706 | $146.7M | 0.20% |
| 66 | ICON PLC | ICLR | 82,318 | $144.0M | 0.20% |
| 67 | MITSUBISHI UFJ FINL GROUP IN | 606822104 | 1,055,372 | $143.8M | 0.20% |
| 68 | AGILYSYS INC | AGYS | 194,390 | $141.0M | 0.20% |
| 69 | CLEAN HARBORS INC | CLH | 70,512 | $139.0M | 0.19% |
| 70 | SHOPIFY INC | SHOP | 143,397 | $136.9M | 0.19% |
| 71 | NUTANIX INC | NTNX | 194,099 | $135.5M | 0.19% |
| 72 | GLOBANT S A | GLOB | 113,033 | $133.1M | 0.19% |
| 73 | WASTE CONNECTIONS INC | WCN | 66,622 | $130.0M | 0.18% |
| 74 | WESTERN ALLIANCE BANCORP | WAL-PA | 167,591 | $128.8M | 0.18% |
| 75 | KEMPER CORP | KMPB | 190,338 | $127.2M | 0.18% |
| 76 | ASSURANT INC | AIZN | 59,634 | $125.1M | 0.17% |
| 77 | MYR GROUP INC DEL | MYRG | 109,161 | $123.5M | 0.17% |
| 78 | ISHARES TR | 464288240 | 215,665 | $119.6M | 0.17% |
| 79 | WYNDHAM HOTELS & RESORTS INC | WH | 131,298 | $118.8M | 0.17% |
| 80 | PURE STORAGE INC | 74624M102 | 265,061 | $117.3M | 0.16% |
| 81 | SENSIENT TECHNOLOGIES CORP | SXT | 156,493 | $116.5M | 0.16% |
| 82 | ARCOSA INC | ACA | 149,428 | $115.2M | 0.16% |
| 83 | TECK RESOURCES LTD | TCKRF | 314,848 | $114.7M | 0.16% |
| 84 | GROUP 1 AUTOMOTIVE INC | GPI | 29,112 | $111.2M | 0.16% |
| 85 | ITT INC | ITT | 85,580 | $110.5M | 0.15% |
| 86 | WALKER & DUNLOP INC | WD | 128,814 | $110.0M | 0.15% |
| 87 | CYTOKINETICS INC | CYTK | 260,893 | $104.9M | 0.15% |
| 88 | XPO INC | XPO | 95,498 | $102.7M | 0.14% |
| 89 | ING GROEP N.V. | INGVF | 521,307 | $102.1M | 0.14% |
| 90 | COHERENT CORP | COHR | 155,995 | $101.3M | 0.14% |
| 91 | COMCAST HOLDINGS CORP | CCZ | 157,910 | $96.3M | 0.13% |
| 92 | SUNOPTA INC | STKL | 1,951,789 | $94.9M | 0.13% |
| 93 | TENET HEALTHCARE CORP | THC | 70,161 | $94.4M | 0.13% |
| 94 | TALEN ENERGY CORP | TLN | 45,143 | $90.1M | 0.13% |
| 95 | TRIP COM GROUP LTD | TRPCF | 140,825 | $89.5M | 0.13% |
| 96 | KITE RLTY GROUP TR | 49803T300 | 396,121 | $88.6M | 0.12% |
| 97 | COSTCO WHSL CORP NEW | 22160K105 | 9,358 | $88.5M | 0.12% |
| 98 | MACOM TECH SOLUTIONS HLDGS I | 55405Y100 | 84,502 | $84.8M | 0.12% |
| 99 | AIR LEASE CORP | AIIR | 175,146 | $84.6M | 0.12% |
| 100 | SAP SE | SAPGF | 31,319 | $84.1M | 0.12% |
| 101 | CYBERARK SOFTWARE LTD | M2682V108 | 24,847 | $84.0M | 0.12% |
| 102 | DT MIDSTREAM INC | DTM | 86,132 | $83.1M | 0.12% |
| 103 | AVANTOR INC | AVTR | 500,483 | $81.1M | 0.11% |
| 104 | MATADOR RES CO | MTDR | 155,977 | $79.7M | 0.11% |
| 105 | MICRON TECHNOLOGY INC | MU | 89,937 | $78.1M | 0.11% |
| 106 | AMER SPORTS INC | AS | 289,373 | $77.3M | 0.11% |
| 107 | SHELL PLC | RYDAF | 104,277 | $76.4M | 0.11% |
| 108 | PDD HOLDINGS INC | PDD | 62,498 | $74.0M | 0.10% |
| 109 | RYAN SPECIALTY HOLDINGS INC | RYAN | 97,609 | $72.1M | 0.10% |
| 110 | POOL CORP | POOL | 22,251 | $70.8M | 0.10% |
| 111 | CREDICORP LTD | BAP | 38,049 | $70.8M | 0.10% |
| 112 | DECKERS OUTDOOR CORP | DECK | 61,776 | $69.1M | 0.10% |
| 113 | PJT PARTNERS INC | PJT | 49,933 | $68.8M | 0.10% |
| 114 | REPAY HLDGS CORP | RPAY | 1,227,625 | $68.4M | 0.10% |
| 115 | ENTEGRIS INC | ENTG | 71,499 | $62.5M | 0.09% |
| 116 | VESTA REAL ESTATE CORP | VTMX | 267,382 | $61.0M | 0.09% |
| 117 | MONDAY COM LTD | MNDY | 25,035 | $60.9M | 0.09% |
| 118 | BIOMARIN PHARMACEUTICAL INC | BMRN | 85,427 | $60.4M | 0.08% |
| 119 | LIBERTY MEDIA CORP DEL | FWONB | 65,504 | $59.0M | 0.08% |
| 120 | ON HLDG AG | H5919C104 | 129,880 | $57.0M | 0.08% |
| 121 | FULL TRUCK ALLIANCE CO LTD | YMM | 436,514 | $55.7M | 0.08% |
| 122 | CLEARWATER ANALYTICS HLDGS I | CWAN | 204,536 | $54.8M | 0.08% |
| 123 | CHURCHILL DOWNS INC | CHDN | 48,713 | $54.1M | 0.08% |
| 124 | SHIFT4 PMTS INC | 82452J109 | 65,783 | $53.8M | 0.08% |
| 125 | MICROSOFT CORP | MSFT | 14,159 | $53.2M | 0.07% |
| 126 | INSMED INC | INSM | 68,840 | $52.5M | 0.07% |
| 127 | STANDARDAERO INC | SARO | 194,295 | $51.8M | 0.07% |
| 128 | ICICI BANK LIMITED | IBN | 163,555 | $51.6M | 0.07% |
| 129 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 110,312 | $51.4M | 0.07% |
| 130 | GLAUKOS CORP | GKOS | 50,430 | $49.6M | 0.07% |
| 131 | DIAGEO PLC | DGEAF | 46,379 | $48.6M | 0.07% |
| 132 | SERVICENOW INC | NOW | 6,015 | $47.9M | 0.07% |
| 133 | TRADEWEB MKTS INC | 892672106 | 32,229 | $47.8M | 0.07% |
| 134 | SMITH DOUGLAS HOMES CORP | SDHC | 244,213 | $47.7M | 0.07% |
| 135 | FRESHPET INC | FRPT | 54,640 | $45.4M | 0.06% |
| 136 | OPEN TEXT CORP | OTEX | 179,337 | $45.3M | 0.06% |
| 137 | JFROG LTD | FROG | 139,680 | $44.7M | 0.06% |
| 138 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | 108,778 | $43.7M | 0.06% |
| 139 | INSULET CORP | PODD | 16,470 | $43.3M | 0.06% |
| 140 | REPLIGEN CORP | RGEN | 33,720 | $42.9M | 0.06% |
| 141 | RAMBUS INC DEL | RMBS | 81,120 | $42.0M | 0.06% |
| 142 | SAIA INC | SAIA | 11,661 | $40.7M | 0.06% |
| 143 | ONTO INNOVATION INC | ONTO | 32,774 | $39.8M | 0.06% |
| 144 | ARGAN INC | AGX | 30,255 | $39.7M | 0.06% |
| 145 | BBB FOODS INC | TBBB | 148,001 | $39.5M | 0.06% |
| 146 | CELSIUS HLDGS INC | CELH | 105,970 | $37.7M | 0.05% |
| 147 | STELLANTIS N.V | STLA | 335,843 | $37.6M | 0.05% |
| 148 | INSPIRE MED SYS INC | 457730109 | 22,904 | $36.5M | 0.05% |
| 149 | ARTIVION INC | AORT | 132,672 | $32.6M | 0.05% |
| 150 | STEPSTONE GROUP INC | STEP | 59,320 | $31.0M | 0.04% |
| 151 | HDFC BANK LTD | HDB | 42,353 | $28.1M | 0.04% |
| 152 | ISHARES TR | 464287465 | 31,385 | $25.7M | 0.04% |
| 153 | HYATT HOTELS CORP | H | 20,407 | $25.0M | 0.03% |
| 154 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 38,400 | $23.4M | 0.03% |
| 155 | NEBIUS GROUP N.V. | NBIS | 103,823 | $21.9M | 0.03% |
| 156 | AMAZON COM INC | AMZN | 11,396 | $21.7M | 0.03% |
| 157 | SYNDAX PHARMACEUTICALS INC | SNDX | 130,746 | $16.1M | 0.02% |
| 158 | VERA THERAPEUTICS INC | VERA | 66,572 | $16.0M | 0.02% |
| 159 | VISA INC | V | 4,521 | $15.8M | 0.02% |
| 160 | KB FINL GROUP INC | 48241A105 | 27,458 | $14.9M | 0.02% |
| 161 | SCHLUMBERGER LTD | SLB | 34,100 | $14.3M | 0.02% |
| 162 | DISNEY WALT CO | 254687106 | 12,336 | $12.2M | 0.02% |
| 163 | INFOSYS LTD | INFY | 59,072 | $10.8M | 0.02% |
| 164 | POSCO HOLDINGS INC | PKX | 20,804 | $9.9M | 0.01% |
| 165 | ZOETIS INC | ZTS | 5,816 | $9.6M | 0.01% |
| 166 | ITAU UNIBANCO HLDG S A | 465562106 | 171,850 | $9.5M | 0.01% |
| 167 | DR REDDYS LABS LTD | 256135203 | 71,001 | $9.4M | 0.01% |
| 168 | MAKEMYTRIP LIMITED MAURITIUS | MMYT | 8,674 | $8.5M | 0.01% |
| 169 | QUALCOMM INC | QCOM | 5,501 | $8.5M | 0.01% |
| 170 | TENARIS S A | 88031M109 | 21,063 | $8.2M | 0.01% |
| 171 | GRAB HOLDINGS LIMITED | GRABW | 179,976 | $8.2M | 0.01% |
| 172 | APPLE INC | AAPL | 3,103 | $6.9M | 0.01% |
| 173 | ASE TECHNOLOGY HLDG CO LTD | ASX | 76,420 | $6.7M | 0.01% |
| 174 | SAREPTA THERAPEUTICS INC | SRPT | 9,458 | $6.0M | 0.01% |
| 175 | NOVARTIS AG | NVSEF | 4,889 | $5.5M | 0.01% |
| 176 | COUPANG INC | CPNG | 23,689 | $5.2M | 0.01% |
| 177 | QUANTA SVCS INC | 74762E102 | 1,821 | $4.6M | 0.01% |
| 178 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 9,527 | $4.6M | 0.01% |
| 179 | DIAMONDBACK ENERGY INC | FANG | 1,946 | $3.1M | 0.00% |
| 180 | ISHARES TR | 464287234 | 6,842 | $3.0M | 0.00% |
| 181 | VANGUARD INTL EQUITY INDEX F | 922042775 | 3,408 | $2.1M | 0.00% |
| 182 | VODAFONE GROUP PLC NEW | 92857W308 | 17,164 | $1.6M | 0.00% |