Thornburg Investment Management

Superinvestor profile · Rank #44 by reported 13F value (2026 Q2 filers) · CIK 0001145020 · All profiles
Founded 1982Santa Fe, New Mexico, United StatesActive high-conviction manager across equities, fixed income, multi-asset and alternativesKey person: Garrett Thornburg
Reported 13F value
$10.5B
Period 2026-06-30 · Filed 2026-08-13
Positions
139
Top 10 = 58.1% of value
Clone CAGR (full window)
+15.4%
2016-11-14 → 2026-10-02 · cumulative +313%
SPY CAGR (same window)
+15.5%
Cumulative +316%
Max drawdown (monthly)
-26%
Month-end values, approximate
Latest-quarter activity
8 new · 40 exited
71 increased · 48 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)

Clone performance

2016 2026 — 13F clone — S&P 500 (SPY)
WindowClone CAGRNote
Full window (2016-11-14 → 2026-10-02, 40 filings)+15.45%Cumulative +313.4% vs SPY +316.1%
Trailing 10Y—
Trailing 5Y+15.36%
Trailing 3Y+27.19%
Trailing 1Y+14.69%

Top holdings — 2026 Q2 filing

TickerCompanyWeightReported value
CCitigroup Inc10.10%$1.1B
TTETotalenergies Se8.79%$919M
TAt&T Inc7.13%$746M
AVGOBroadcom Inc6.61%$691M
KMBKimberly-Clark Corp6.05%$632M
AZNAstrazeneca Plc5.17%$541M
MRKMerck & Co Inc4.66%$487M
TSMTaiwan Semiconductor Manufac3.49%$365M
CSCOCisco Sys Inc3.05%$319M
TRPTc Energy Corp3.01%$315M

As reported on the 2026-06-30 Form 13F (filed 2026-08-13). Full holdings and quarter changes: holdings page.

Filing history in this profile

Every clone input traces to one of these SEC filings. 78.0% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.

QuarterSEC accession no.FiledDisclosed CUSIPs
2026Q20001140361-26-0327802026-08-13138
2026Q10001140361-26-0207852026-05-12169
2025Q40001140361-26-0052322026-02-13174
2025Q30001140361-25-0414942025-11-12174
2025Q20001140361-25-0306472025-08-13175
2025Q10001140361-25-0177662025-05-08181
2024Q40001140361-25-0043822025-02-14187
2024Q30001140361-24-0459102024-11-12191
2024Q20001140361-24-0362522024-08-08188
2024Q10001140361-24-0257362024-05-13186
2023Q40001140361-24-0062672024-02-08195
2023Q30001567619-23-0076822023-11-13195
2023Q20001567619-23-0068382023-08-08183
2023Q10001567619-23-0059502023-05-09184
2022Q40001567619-23-0020162023-02-08200
2022Q30001567619-22-0201702022-11-15198
2022Q20001567619-22-0150222022-08-05198
2022Q10001567619-22-0101092022-05-12193
2021Q40001567619-22-0032692022-02-10206
2021Q30001567619-21-0195982021-11-10209
2021Q20001567619-21-0149572021-08-11205
2021Q10001567619-21-0101562021-05-14207
2020Q40001567619-21-0025662021-02-09227
2020Q30001567619-20-0187252020-11-05164
2020Q20001567619-20-0145052020-08-07159
2020Q10001567619-20-0097242020-05-13163
2019Q40001567619-20-0024632020-02-10171
2019Q30001567619-19-0209812019-11-12170
2019Q20001567619-19-0158332019-08-06170
2019Q10001567619-19-0100022019-05-07175
2018Q40001567619-19-0025222019-02-06171
2018Q30001567619-18-0049712018-11-02161
2018Q20001567619-18-0007602018-08-14227
2018Q10001140361-18-0218732018-05-07231
2017Q40001140361-18-0075912018-02-14243
2017Q30001140361-17-0419622017-11-13243
2017Q20001140361-17-0315722017-08-14249
2017Q10001140361-17-0189812017-05-09265
2016Q40001140361-17-0056982017-02-10274
2016Q30001140361-16-0860022016-11-14254

Background (founded / HQ / style) source: https://en.wikipedia.org/wiki/Thornburg_Investment_Management,_Inc. — Founded in 1982 by Garrett Thornburg, who remains chairman; privately / employee-owned with additional offices in London and Hong Kong.