Thornburg's portfolio
In the Q2 2026 13F, filed August 13, 2026, Thornburg Investment Management reported 138 US stock positions worth $10.4B. The largest was Citigroup (C) at 10.1% of the portfolio. New positions: Kimberly-Clark (KMB), IQVIA (IQV) and Uber Technologies (UBER). Added to: TotalEnergies (TTE) and AT&T (T). The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
Added to
- TotalEnergiesTTE$919M
- AT&TT$746M
- AstraZenecaAZN$541M
- Merck & CompanyMRK$487M
- Taiwan Semiconductor ManufacturingTSM$365M
- TC EnergyTRP$315M
- EquitableEQH$226M
- Freeport-McMoranFCX$208M
- EnbridgeENB$199M
- MedtronicMDT$196M
Trimmed
Sold out
None this quarter.
Holdings
138 US-listed positions in the Q2 2026 13F, largest first (top 50 shown; all of them in Investingly).
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| CitigroupC | 10.12% | $1.1B | 7,546,686 | Trimmed |
| TotalEnergiesTTE | 8.81% | $919M | 11,828,205 | Added |
| AT&TT | 7.14% | $746M | 36,023,313 | Added |
| BroadcomAVGO | 6.62% | $691M | 1,830,149 | Trimmed |
| Kimberly-ClarkKMB | 6.06% | $632M | 5,760,888 | New |
| AstraZenecaAZN | 5.18% | $541M | 2,891,426 | Added |
| Merck & CompanyMRK | 4.66% | $487M | 3,787,976 | Added |
| Taiwan Semiconductor ManufacturingTSM | 3.50% | $365M | 764,867 | Added |
| Cisco SystemsCSCO | 3.06% | $319M | 2,715,962 | Trimmed |
| TC EnergyTRP | 3.02% | $315M | 4,755,014 | Added |
| CMECME | 2.40% | $250M | 1,132,435 | Trimmed |
| EquitableEQH | 2.16% | $226M | 5,142,337 | Added |
| Freeport-McMoranFCX | 1.99% | $208M | 3,304,828 | Added |
| Regions Financial Corp New | 1.95% | $204M | 6,746,453 | Held |
| EnbridgeENB | 1.91% | $199M | 3,674,988 | Added |
| MedtronicMDT | 1.88% | $196M | 2,511,730 | Added |
| Canadian Pacific Kansas CityCP | 1.68% | $175M | 2,017,847 | Trimmed |
| AlphabetGOOGL | 1.67% | $174M | 488,051 | Added |
| Home DepotHD | 1.57% | $164M | 464,895 | Trimmed |
| LindeLIN | 1.35% | $141M | 270,794 | Trimmed |
| AbbVieABBV | 1.30% | $136M | 541,146 | Added |
| South BowSOBO | 1.25% | $131M | 3,721,332 | Added |
| FerrovialFER | 1.12% | $117M | 1,712,697 | Trimmed |
| AlconALC | 1.05% | $110M | 1,632,356 | Trimmed |
| Charles SchwabSCHW | 1.03% | $108M | 1,170,451 | Added |
| Eli Lilly and CompanyLLY | 0.92% | $96M | 79,682 | Added |
| Chimera InvestmentCIM | 0.70% | $74M | 5,511,923 | Added |
| Meta PlatformsMETA | 0.70% | $73M | 130,466 | Added |
| KanzhunBZ | 0.67% | $70M | 5,413,729 | Trimmed |
| MastercardMA | 0.61% | $63M | 123,446 | Added |
| Alibaba Group HoldingBABA | 0.57% | $59M | 617,721 | Added |
| SLR InvestmentSLRC | 0.56% | $58M | 4,708,772 | Added |
| BookingBKNG | 0.54% | $56M | 316,223 | Added |
| AdobeADBE | 0.53% | $55M | 269,807 | Added |
| MercadoLibreMELI | 0.48% | $50M | 29,450 | Trimmed |
| Advanced Micro DevicesAMD | 0.47% | $49M | 84,425 | Trimmed |
| NetflixNFLX | 0.46% | $48M | 665,548 | Added |
| PfizerPFE | 0.46% | $47M | 1,970,004 | Trimmed |
| Tjx Cos Inc New | 0.45% | $47M | 308,876 | Held |
| L3Harris TechnologiesLHX | 0.43% | $45M | 153,148 | Added |
| Capital One FinancialCOF | 0.38% | $40M | 199,843 | Added |
| CACI InternationalCACI | 0.38% | $40M | 86,051 | Added |
| Asml Hldg Nv | 0.36% | $37M | 18,747 | Held |
| Micron TechnologyMU | 0.35% | $36M | 31,289 | Added |
| Sea | 0.34% | $35M | 365,023 | Held |
| MidCap Financial InvestmentMFIC | 0.31% | $33M | 3,237,783 | Held |
| FerrariRACE | 0.28% | $30M | 79,745 | Trimmed |
| ShopifySHOP | 0.27% | $28M | 246,547 | Added |
| MicrosoftMSFT | 0.24% | $25M | 65,940 | Added |
| Mitsubishi UFJ FinancialMUFG | 0.23% | $24M | 1,229,407 | Added |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Thornburg own?
In the Q2 2026 13F, Thornburg Investment Management reported 138 US stock positions worth $10.4B. The largest: Citigroup (C) 10.1%, TotalEnergies (TTE) 8.8%, AT&T (T) 7.1%, Broadcom (AVGO) 6.6%, Kimberly-Clark (KMB) 6.1%.
What did Thornburg buy last quarter?
In Q2 2026: new position in Kimberly-Clark (KMB); new position in IQVIA (IQV); new position in Uber Technologies (UBER); added to TotalEnergies (TTE); added to AT&T (T); added to AstraZeneca (AZN).
What did Thornburg sell last quarter?
In Q2 2026: cut Citigroup (C); cut Broadcom (AVGO); cut Cisco Systems (CSCO).
When is Thornburg's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.