Thornburg Investment Management Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Thornburg Investment Management Inc. reported 175 stock positions worth $7.8 billion. Its top holding was AT&T (T) at 10.3% of the portfolio, followed by Broadcom (AVGO, 9.4%) and Citigroup (C, 8.9%). Compared with Q1 2025, it opened 10 new positions, sold out of 16, added to 37 and reduced 109. The biggest buy was Citigroup (C, shares +2%) and the biggest sale JPMorgan Chase (JPM, shares −84%).

Most Recent 13F
Q2 2026
Location
SANTA FE, NM
CIK
0001145020
Portfolio Value
$7.8B (Q2 2025)
SEC Filing
0001140361-25-030647 ↗ filed Aug 13, 2025

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $7.2B Q1 2024 Q2 2024: $7.1B Q2 2024 Q3 2024: $7.7B Q3 2024 Q4 2024: $7.6B Q4 2024 Q1 2025: $7.1B Q1 2025 Q2 2025: $7.8B $7.8B Q2 2025 Q3 2025: $7.6B Q3 2025 Q4 2025: $7.9B Q4 2025 Q1 2026: $9.6B Q1 2026 Q2 2026: $10.4B Q2 2026

Holdings 175 stocks · $7.8B
T AT&T Inc. 10.25% 27,481,441 $795.3M Reduce -0.4%
AVGO Broadcom Inc. 9.40% 2,645,365 $729.2M Reduce -11.9%
C Citigroup Inc. 8.85% 8,066,349 $686.6M Add +2.2%
MRK Merck & Co. Inc. 4.83% 4,729,641 $374.4M Add +53.2%
CME Cme Group Inc. 3.66% 1,031,324 $284.3M Reduce -0.1%
EQH Equitable Holdings Inc. 3.51% 4,855,273 $272.4M No change
PFE Pfizer Inc. 3.27% 10,458,571 $253.5M Add +5.7%
TRP TC Energy Corp. 2.43% 3,860,519 $188.6M No change
HD Home Depot Inc. 2.42% 512,523 $187.9M Add +0.6%
CSCO Cisco Systems Inc. 2.19% 2,448,169 $169.9M No change
MDT Medtronic PLC 2.16% 1,922,810 $167.6M No change
ENB Enbridge Inc. 2.10% 3,587,620 $162.8M No change
CP Canadian Pacific Kansas City 2.09% 2,044,755 $162.1M Add +31.3%
TSM Taiwan Semiconductor-SP ADR 2.07% 708,696 $160.5M Reduce -8.2%
ALC Alcon Inc. filed as ALCON AG 1.84% 1,615,994 $142.8M Add +21.2%
FCX Freeport-McMoran Inc. 1.63% 2,915,823 $126.4M Add +2.5%
LIN Linde PLC 1.57% 259,501 $121.9M Add +0.2%
LYB Lyondellbasell Indu Class A 1.47% 1,971,413 $114.1M Reduce -0.5%
META Meta Platforms Inc. Class A 1.47% 154,368 $113.9M Reduce -8.7%
RF Regions Financial Corp. 1.39% 4,596,096 $108.1M No change
PBR Petroleo Brasileiro-Spon ADR 1.24% 7,713,498 $96.5M Reduce -0.5%
GOOGL Alphabet Inc. Class A 1.21% 531,936 $93.7M Add +8.2%
FER Ferrovial NV 1.18% 1,716,499 $91.6M Add +0.3%
BZ Kanzhun Ltd. - ADR 1.07% 4,664,157 $83.2M Add +97.6%
MELI MercadoLibre Inc. 1.03% 30,712 $80.3M Reduce -6.2%
SCHW Schwab (charles) Corp. 0.96% 813,874 $74.3M Reduce -9.7%
SLRC SLR Investment Corp. 0.91% 4,372,550 $70.6M No change
CIM Chimera Investment Corp. 0.88% 4,948,735 $68.6M No change
MA Mastercard Inc. Class A 0.79% 108,572 $61.0M Reduce -4.7%
ABBV Abbvie Inc. 0.77% 320,135 $59.4M Reduce -1.4%
NVO Novo-Nordisk A/S-Spons ADR 0.73% 822,677 $56.8M Add +14.6%
BABA Alibaba Group Holding-SP ADR 0.71% 484,152 $54.9M Reduce -1.9%
SE Sea Ltd.-ADR 0.66% 317,895 $50.8M Reduce -14.0%
SOBO South Bow Corp. 0.56% 1,656,020 $43.0M Add +114.5%
CACI Caci International Inc. Class A 0.52% 85,403 $40.7M Reduce -0.2%
COF Capital One Financial Corp. 0.52% 189,290 $40.3M Reduce -0.3%
RACE Ferrari NV 0.51% 81,083 $39.8M Reduce -4.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.51% 319,080 $39.4M Reduce -17.2%
AZN Astrazeneca PLC-Spons ADR 0.48% 535,650 $37.4M Add +3.6%
MFIC Midcap Financial Investment 0.48% 2,937,783 $37.1M No change
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.42% 822,730 $32.5M Add +19.6%
LHX L3HARRIS Technologies Inc. 0.41% 127,375 $32.0M Reduce -0.3%
ELME Elme Communities 0.41% 2,005,668 $31.9M Reduce -9.1%
BLDR Builders Firstsource Inc. 0.41% 271,574 $31.7M Add +20.2%
BKNG Booking Holdings Inc. 0.40% 5,369 $31.1M Reduce -45.9%
CWST Casella Waste Systems Inc. Class A 0.38% 255,510 $29.5M Reduce -8.7%
JPM JPMorgan Chase & Co. 0.35% 93,487 $27.1M Reduce -83.8%
VRT Vertiv Holdings Co. Class A 0.29% 176,005 $22.6M Reduce -13.6%
FLUT Flutter Entertainment PLC-Di 0.28% 74,654 $21.3M Reduce -29.4%
AGYS Agilysys Inc. 0.27% 185,913 $21.3M Reduce -4.4%
SHOP Shopify Inc. Class A 0.26% 172,686 $19.9M Add +20.4%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.24% 1,376,676 $18.9M Reduce -4.8%
SN Sharkninja Inc. 0.24% 190,491 $18.9M Reduce -8.1%
ASML ASML Holding NV-NY Reg SHS 0.24% 23,165 $18.6M Reduce -10.2%
TRU Transunion 0.24% 207,490 $18.3M Reduce -8.1%
AIT Applied Industrial Tech Inc. 0.23% 78,401 $18.2M Reduce -10.9%
FTI Technipfmc PLC 0.23% 528,609 $18.2M Reduce -17.3%
STVN Stevanato Group SPA 0.23% 742,245 $18.1M Reduce -33.1%
MYRG MYR Group Inc./Delaware 0.23% 97,553 $17.7M Reduce -10.6%
SONY Sony Group Corp. - SP ADR 0.22% 662,836 $17.3M Add +1.8%
AMD Advanced Micro Devices 0.21% 116,808 $16.6M Reduce -23.4%
LPLA LPL Financial Holdings Inc. 0.20% 42,006 $15.8M Reduce -8.6%
CLH Clean Harbors Inc. 0.19% 65,029 $15.0M Reduce -7.8%
ANET Arista Networks Inc. 0.19% 145,485 $14.9M New
PNFP Pinnacle Financial Partners 0.19% 134,451 $14.8M Reduce -7.8%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.19% 1,081,116 $14.8M Add +2.4%
TXNM TXNM Energy Inc. 0.19% 258,062 $14.5M Reduce -13.5%
SXT Sensient Technologies Corp. 0.18% 144,286 $14.2M Reduce -7.8%
CCC CCC Intelligent Solutions Ho 0.18% 1,506,524 $14.2M Reduce -8.1%
TTE Totalenergies SE -Spon ADR 0.18% 229,514 $14.1M Add +1.2%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.18% 243,607 $14.0M Reduce -8.1%
NTNX Nutanix Inc. Class A 0.18% 178,979 $13.7M Reduce -7.8%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.17% 104,615 $13.3M New
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.17% 123,176 $13.3M Reduce -7.8%
BAP Credicorp Ltd. 0.17% 57,488 $12.8M Add +51.1%
COHR Coherent Corp. 0.17% 143,902 $12.8M Reduce -7.8%
TLN Talen Energy Corp. 0.17% 44,139 $12.8M Reduce -2.2%
WH Wyndham Hotels & Resorts Inc. 0.16% 155,238 $12.6M Add +18.2%
ITT Itt Inc. 0.16% 78,892 $12.4M Reduce -7.8%
WAL Western Alliance Bancorp 0.16% 154,520 $12.0M Reduce -7.8%
ACA Arcosa Inc. 0.15% 137,445 $11.9M Reduce -8.0%
ING ING Groep N.V.-Sponsored ADR 0.15% 534,851 $11.7M Add +2.6%
THC Tenet Healthcare Corp. 0.15% 66,426 $11.7M Reduce -5.3%
TBBB BBB Foods Inc. Class A 0.15% 417,463 $11.6M Add +182.1%
KMPR Kemper Corp. 0.15% 175,524 $11.3M Reduce -7.8%
MTSI Macom Technology Solutions H 0.14% 77,897 $11.2M Reduce -7.8%
XPO Xpo Inc. 0.14% 88,036 $11.1M Reduce -7.8%
DTM DT Midstream Inc. 0.14% 100,684 $11.1M Add +16.9%
GPI Group 1 Automotive Inc. 0.14% 25,187 $11.0M Reduce -13.5%
AIZ Assurant Inc. 0.14% 54,994 $10.9M Reduce -7.8%
ICLR Icon PLC 0.14% 74,636 $10.9M Reduce -9.3%
STKL Sunopta Inc. 0.14% 1,858,287 $10.8M Reduce -4.8%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.14% 183,352 $10.7M Add +4.7%
CYBR Cyberark Software Ltd./Israel 0.12% 21,961 $8.9M Reduce -11.6%
PJT PJT Partners Inc. Class A 0.11% 53,597 $8.8M Add +7.3%
GLOB Globant SA 0.11% 92,802 $8.4M Reduce -17.9%
WD Walker & Dunlop Inc. 0.11% 118,734 $8.4M Reduce -7.8%
KRG Kite Realty Group Trust 0.11% 365,178 $8.3M Reduce -7.8%
SMPL The Simply Good Foods Co. 0.11% 260,763 $8.2M New
MU Micron Technology Inc. 0.10% 64,639 $8.0M Reduce -28.1%
TCOM Trip.com Group Ltd.-ADR 0.10% 133,239 $7.8M Reduce -5.4%
IBN Icici Bank Ltd.-Spon ADR 0.10% 229,975 $7.7M Add +40.6%
CRDO Credo Technology Group Holdi 0.10% 82,334 $7.6M Reduce -24.3%
SAP Sap SE-Sponsored ADR 0.10% 24,760 $7.5M Reduce -20.9%
SHEL Shell PLC-ADR 0.10% 106,230 $7.5M Add +1.9%
WCN Waste Connections Inc. 0.09% 38,795 $7.2M Reduce -41.8%
MNDY Monday.com Ltd. 0.09% 21,890 $6.9M Reduce -12.6%
MSFT Microsoft Corp. 0.09% 13,609 $6.8M Reduce -3.9%
SARO Standardaero Inc. 0.09% 211,789 $6.7M Add +9.0%
AGX Argan Inc. 0.09% 30,255 $6.7M No change
AVTR Avantor Inc. 0.08% 461,322 $6.2M Reduce -7.8%
ONON On Holding AG Class A filed as ON HLDG AG 0.08% 118,665 $6.2M Reduce -8.6%
NOW ServiceNow Inc. 0.08% 5,967 $6.1M Reduce -0.8%
COST Costco Wholesale Corp. 0.08% 6,152 $6.1M Reduce -34.3%
FWONK Liberty Media Corp. Class C 0.08% 57,924 $6.1M Reduce -11.6%
FOUR SHIFT4 Payments Inc. Class A 0.08% 60,103 $6.0M Reduce -8.6%
RYAN Ryan Specialty Holdings Inc. 0.08% 87,201 $5.9M Reduce -10.7%
DECK Deckers Outdoor Corp. 0.08% 56,971 $5.9M Reduce -7.8%
FROG Jfrog Ltd. 0.07% 127,619 $5.6M Reduce -8.6%
MTDR Matador Resources Co. 0.07% 116,952 $5.6M Reduce -25.0%
RMBS Rambus Inc. 0.07% 86,748 $5.6M Add +6.9%
RPAY Repay Holdings Corp. 0.07% 1,131,947 $5.5M Reduce -7.8%
RGEN Repligen Corp. 0.07% 43,408 $5.4M Add +28.7%
INSM Insmed Inc. 0.07% 53,248 $5.4M Reduce -22.6%
ENTG Entegris Inc. 0.07% 65,921 $5.3M Reduce -7.8%
OTEX Open Text Corp. 0.07% 179,337 $5.2M No change
GKOS Glaukos Corp. 0.07% 50,430 $5.2M No change
PODD Insulet Corp. 0.06% 15,049 $4.7M Reduce -8.6%
CELH Celsius Holdings Inc. 0.06% 99,131 $4.6M Reduce -6.5%
FRPT Freshpet Inc. 0.06% 66,461 $4.5M Add +21.6%
CHDN Churchill Downs Inc. 0.06% 44,508 $4.5M Reduce -8.6%
SDHC Smith Douglas Homes Corp. 0.06% 224,457 $4.4M Reduce -8.1%
TW Tradeweb Markets Inc. Class A 0.06% 29,447 $4.3M Reduce -8.6%
BMRN Biomarin Pharmaceutical Inc. 0.06% 78,010 $4.3M Reduce -8.7%
AORT Artivion Inc. 0.05% 132,672 $4.1M No change
CWAN Clearwater Analytics HDS-A 0.05% 186,874 $4.1M Reduce -8.6%
DEO Diageo PLC-Sponsored ADR 0.05% 40,374 $4.1M Reduce -12.9%
STEP Stepstone Group Inc. Class A 0.05% 73,141 $4.1M Add +23.3%
EFA iShares MSCI Eafe ETF 0.05% 40,774 $3.6M Add +29.9%
SITM Sitime Corp. 0.04% 16,000 $3.4M New
IOT Samsara Inc. Class A 0.04% 77,406 $3.1M New
STLA Stellantis NV 0.04% 303,335 $3.0M Reduce -9.7%
SAIA Saia Inc. 0.04% 10,655 $2.9M Reduce -8.6%
ACWX iShares MSCI Acwi Ex US ETF 0.04% 47,631 $2.9M Reduce -77.9%
INSP Inspire Medical Systems Inc. 0.04% 20,928 $2.7M Reduce -8.6%
AS Amer Sports Inc. 0.03% 66,478 $2.6M Reduce -77.0%
AMZN Amazon.com Inc. 0.03% 11,146 $2.4M Reduce -2.2%
CYTK Cytokinetics Inc. 0.03% 72,879 $2.4M Reduce -72.1%
NVDA Nvidia Corp. 0.03% 14,427 $2.3M Reduce -92.2%
BROS Dutch Bros Inc. Class A 0.03% 31,864 $2.2M New
BMY Bristol-Myers Squibb Co. 0.02% 38,400 $1.8M No change
V Visa Inc. Class A 0.02% 4,224 $1.5M Reduce -6.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 34,100 $1.2M No change
TS Tenaris SA-ADR 0.01% 25,031 $936K Add +18.8%
ZTS Zoetis Inc. 0.01% 5,816 $907K No change
LBRT Liberty Energy Inc. 0.01% 76,849 $882K New
PWR Quanta Services Inc. 0.01% 1,813 $685K Reduce -0.4%
HDB HDFC Bank Ltd.-ADR 0.01% 8,493 $651K Reduce -80.0%
AAPL Apple Inc. 0.01% 3,103 $637K No change
NVS Novartis AG-Sponsored ADR 0.01% 4,889 $592K No change
PAC Grupo Aeroportuario Pac-ADR 0.01% 2,360 $542K New
INFY Infosys Ltd.-SP ADR 0.01% 28,781 $533K Reduce -51.3%
KOF Coca-Cola Femsa Sab-SP ADR 0.01% 5,350 $518K New
CPNG Coupang Inc. 0.01% 16,450 $493K Reduce -30.6%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.01% 5,650 $467K Reduce -79.4%
RDY Dr. Reddy's Laboratories-ADR 0.01% 28,702 $431K Reduce -59.6%
VXUS Vanguard Total Intl Stock 0.01% 5,805 $401K New
GRAB Grab Holdings Ltd. Class A 0.00% 75,486 $380K Reduce -58.1%
ITUB Itau Unibanco H-Spon PRF ADR 0.00% 48,336 $328K Reduce -71.9%
POOL Pool Corp. 0.00% 963 $281K Reduce -95.7%
QCOM Qualcomm Inc. 0.00% 1,659 $264K Reduce -69.8%
FANG Diamondback Energy Inc. 0.00% 1,919 $264K Reduce -1.4%
VEU Vanguard Ftse All-World Ex-U 0.00% 3,676 $247K Add +7.9%
ASX Ase Technology Holding -ADR 0.00% 23,104 $239K Reduce -69.8%
VOD Vodafone Group PLC-SP ADR 0.00% 17,164 $183K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
SecurityClassShares / PrincipalValueChange
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 1,350,000$1.3MNew
COMCAST HOLDINGS CORP ZONES CV2% PCS · principal 284,060$169KAdd +79.9%

Total filed on the 13F, all lines: $7.8B.

Portfolio Sells Q1 2025 → Q2 2025
JPM JPMorgan Chase & Co. Reduce -83.8% 0.35% −1.63
T AT&T Inc. Reduce -0.4% 10.25% −0.66
LYB Lyondellbasell Indu Class A Reduce -0.5% 1.47% −0.48
PBR Petroleo Brasileiro-Spon ADR Reduce -0.5% 1.24% −0.31
NVDA Nvidia Corp. Reduce -92.2% 0.03% −0.25
BKNG Booking Holdings Inc. Reduce -45.9% 0.40% −0.24
BABA Alibaba Group Holding-SP ADR Reduce -1.9% 0.71% −0.21
ABBV Abbvie Inc. Reduce -1.4% 0.77% −0.19
CME Cme Group Inc. Reduce -0.1% 3.66% −0.17
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.16
TJX TJX Companies Inc. Reduce -17.2% 0.51% −0.15
ACWX iShares MSCI Acwi Ex US ETF Reduce -77.9% 0.04% −0.13
ELME Elme Communities Reduce -9.1% 0.41% −0.13
CYTK Cytokinetics Inc. Reduce -72.1% 0.03% −0.12
PDD PDD Holdings Inc. Sold out 0.00% −0.10
POOL Pool Corp. Reduce -95.7% 0.00% −0.10
WCN Waste Connections Inc. Reduce -41.8% 0.09% −0.09
MA Mastercard Inc. Class A Reduce -4.7% 0.79% −0.09
VTMX Corp. Inmobiliaria Vesta-ADR Sold out 0.00% −0.09
STVN Stevanato Group SPA Reduce -33.1% 0.23% −0.08
YMM Full Truck Alliance -SPN ADR Sold out 0.00% −0.08
GLOB Globant SA Reduce -17.9% 0.11% −0.08
AS Amer Sports Inc. Reduce -77.0% 0.03% −0.07
VIST Vista Energy Sab DE CV Sold out 0.00% −0.07
ICLR Icon PLC Reduce -9.3% 0.14% −0.06
CWST Casella Waste Systems Inc. Class A Reduce -8.7% 0.38% −0.06
ONTO Onto Innovation Inc. Sold out 0.00% −0.06
FLUT Flutter Entertainment PLC-Di Reduce -29.4% 0.28% −0.05
FTI Technipfmc PLC Reduce -17.3% 0.23% −0.05
WD Walker & Dunlop Inc. Reduce -7.8% 0.11% −0.05
COST Costco Wholesale Corp. Reduce -34.3% 0.08% −0.05
AIT Applied Industrial Tech Inc. Reduce -10.9% 0.23% −0.04
BJ Bj's Wholesale Club Holdings Reduce -7.8% 0.17% −0.04
MTDR Matador Resources Co. Reduce -25.0% 0.07% −0.04
TXNM TXNM Energy Inc. Reduce -13.5% 0.19% −0.04
AIZ Assurant Inc. Reduce -7.8% 0.14% −0.04
H Hyatt Hotels Corp. Class A Sold out 0.00% −0.04
AVTR Avantor Inc. Reduce -7.8% 0.08% −0.03
KMPR Kemper Corp. Reduce -7.8% 0.15% −0.03
HDB HDFC Bank Ltd.-ADR Reduce -80.0% 0.01% −0.03
NBIS Nebius Group NV Sold out 0.00% −0.03
SCHW Schwab (charles) Corp. Reduce -9.7% 0.96% −0.03
BMRN Biomarin Pharmaceutical Inc. Reduce -8.7% 0.06% −0.03
TRU Transunion Reduce -8.1% 0.24% −0.03
RPAY Repay Holdings Corp. Reduce -7.8% 0.07% −0.03
PNFP Pinnacle Financial Partners Reduce -7.8% 0.19% −0.03
WAL Western Alliance Bancorp Reduce -7.8% 0.16% −0.02
TCOM Trip.com Group Ltd.-ADR Reduce -5.4% 0.10% −0.02
RYAN Ryan Specialty Holdings Inc. Reduce -10.7% 0.08% −0.02
CCC CCC Intelligent Solutions Ho Reduce -8.1% 0.18% −0.02

Portfolio Buys Q1 2025 → Q2 2025
C Citigroup Inc. Add +2.2% 8.85% +1.01
MRK Merck & Co. Inc. Add +53.2% 4.83% +0.95
CP Canadian Pacific Kansas City Add +31.3% 2.09% +0.56
BZ Kanzhun Ltd. - ADR Add +97.6% 1.07% +0.44
SOBO South Bow Corp. Add +114.5% 0.56% +0.28
ANET Arista Networks Inc. New 0.19% +0.19
CVSA Covista Inc. New 0.17% +0.17
GOOGL Alphabet Inc. Class A Add +8.2% 1.21% +0.14
FCX Freeport-McMoran Inc. Add +2.5% 1.63% +0.12
FER Ferrovial NV Add +0.3% 1.18% +0.11
SMPL The Simply Good Foods Co. New 0.11% +0.11
TBBB BBB Foods Inc. Class A Add +182.1% 0.15% +0.09
MRX Marex UK Holdings Ltd. Add +19.6% 0.42% +0.08
ALC Alcon Inc. Add +21.2% 1.84% +0.07
BAP Credicorp Ltd. Add +51.1% 0.17% +0.07
SHOP Shopify Inc. Class A Add +20.4% 0.26% +0.07
SITM Sitime Corp. New 0.04% +0.04
IOT Samsara Inc. Class A New 0.04% +0.04
NVO Novo-Nordisk A/S-Spons ADR Add +14.6% 0.73% +0.03
BROS Dutch Bros Inc. Class A New 0.03% +0.03
IBN Icici Bank Ltd.-Spon ADR Add +40.6% 0.10% +0.03
DTM DT Midstream Inc. Add +16.9% 0.14% +0.03
AL Sumisho Air Lease Corp. Add +4.7% 0.14% +0.02
PJT PJT Partners Inc. Class A Add +7.3% 0.11% +0.02
SARO Standardaero Inc. Add +9.0% 0.09% +0.01
BLDR Builders Firstsource Inc. Add +20.2% 0.41% +0.01
RMBS Rambus Inc. Add +6.9% 0.07% +0.01
LBRT Liberty Energy Inc. New 0.01% +0.01
EFA iShares MSCI Eafe ETF Add +29.9% 0.05% +0.01
RGEN Repligen Corp. Add +28.7% 0.07% +0.01
STEP Stepstone Group Inc. Class A Add +23.3% 0.05% +0.01
ING ING Groep N.V.-Sponsored ADR Add +2.6% 0.15% +0.01
PAC Grupo Aeroportuario Pac-ADR New 0.01% +0.01
KOF Coca-Cola Femsa Sab-SP ADR New 0.01% +0.01
VXUS Vanguard Total Intl Stock New 0.01% +0.01
TS Tenaris SA-ADR Add +18.8% 0.01% +0.00
VEU Vanguard Ftse All-World Ex-U Add +7.9% 0.00% +0.00
WH Wyndham Hotels & Resorts Inc. Add +18.2% 0.16% −0.00
FRPT Freshpet Inc. Add +21.6% 0.06% −0.01
SONY Sony Group Corp. - SP ADR Add +1.8% 0.22% −0.01
MUFG Mitsubishi Ufj Finl-Spon ADR Add +2.4% 0.19% −0.01
SHEL Shell PLC-ADR Add +1.9% 0.10% −0.01
TTE Totalenergies SE -Spon ADR Add +1.2% 0.18% −0.02
AZN Astrazeneca PLC-Spons ADR Add +3.6% 0.48% −0.05
LIN Linde PLC Add +0.2% 1.57% −0.12
HD Home Depot Inc. Add +0.6% 2.42% −0.19
PFE Pfizer Inc. Add +5.7% 3.27% −0.24

Notes & Other Activity Q1 2025 → Q2 2025
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal New 1,350,000 $1.3M
COMCAST HOLDINGS CORP ZONES CV2% PCS · principal Add +79.9% 284,060 $169K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 138$10.4BC, TTE, T, AVGO, KMB
Q1 2026 169$9.6BTTE, C, T, AVGO, AZN
Q4 2025 174$7.9BC, T, AVGO, MRK, CME
Q3 2025 174$7.6BC, T, AVGO, CME, MRK
Q2 2025 175$7.8BT, AVGO, C, MRK, CME
Q1 2025 181$7.1BT, C, AVGO, MRK, CME
Q4 2024 187$7.6BAVGO, T, C, CME, PFE
Q3 2024 191$7.7BAVGO, T, C, CME, PFE
Q2 2024 188$7.1BAVGO, T, C, PFE, CME
Q1 2024 186$7.2BAVGO, C, T, JPM, CME