Thornburg Investment Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Thornburg Investment Management Inc. reported 174 stock positions worth $7.9 billion. Its top holding was Citigroup (C) at 11.8% of the portfolio, followed by AT&T (T, 9.1%) and Broadcom (AVGO, 9.0%). Compared with Q3 2025, it opened 10 new positions, sold out of 10, added to 55 and reduced 99. The biggest buy was Merck (MRK, shares +6%) and the biggest sale Broadcom (AVGO, shares −7%).

Most Recent 13F
Q2 2026
Location
SANTA FE, NM
CIK
0001145020
Portfolio Value
$7.9B (Q4 2025)
SEC Filing
0001140361-26-005232 ↗ filed Feb 13, 2026

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 Q2 2025 Q3 2025: $7.6B Q3 2025 Q4 2025: $7.9B $7.9B Q4 2025 Q1 2026: $9.6B Q1 2026 Q2 2026: $10.4B Q2 2026

Holdings 174 stocks · $7.9B
C Citigroup Inc. 11.83% 8,017,682 $935.6M Reduce -0.1%
T AT&T Inc. 9.13% 29,044,508 $721.5M Add +2.8%
AVGO Broadcom Inc. 9.01% 2,057,995 $712.3M Reduce -6.7%
MRK Merck & Co. Inc. 4.96% 3,728,673 $392.5M Add +5.9%
CME Cme Group Inc. 3.96% 1,146,539 $313.1M Add +3.2%
EQH Equitable Holdings Inc. 2.95% 4,889,730 $233.0M Add +0.5%
TRP TC Energy Corp. 2.81% 4,040,854 $222.5M Add +0.3%
CSCO Cisco Systems Inc. 2.80% 2,869,033 $221.0M Add +9.8%
TSM Taiwan Semiconductor-SP ADR 2.48% 644,259 $195.8M Reduce -3.1%
MDT Medtronic PLC 2.34% 1,928,745 $185.3M Reduce -0.1%
HD Home Depot Inc. 2.26% 519,903 $178.9M Add +0.8%
ENB Enbridge Inc. 2.18% 3,601,831 $172.4M Add +0.4%
RF Regions Financial Corp. 2.14% 6,230,601 $168.8M Add +34.7%
CP Canadian Pacific Kansas City 1.96% 2,102,939 $154.8M Reduce -8.4%
FCX Freeport-McMoran Inc. 1.80% 2,794,794 $141.9M Add +50.7%
ALC Alcon Inc. filed as ALCON AG 1.75% 1,747,719 $138.1M Add +21.7%
GOOGL Alphabet Inc. Class A 1.67% 422,442 $132.2M Reduce -17.7%
BZ Kanzhun Ltd. - ADR 1.58% 6,117,010 $124.7M Add +58.8%
LIN Linde PLC 1.47% 272,505 $115.9M Reduce -0.9%
FER Ferrovial NV 1.42% 1,724,228 $112.0M Add +0.2%
ABBV Abbvie Inc. 1.16% 401,010 $91.6M Reduce -0.2%
META Meta Platforms Inc. Class A 1.08% 129,770 $85.7M Reduce -9.7%
BABA Alibaba Group Holding-SP ADR 1.08% 584,028 $85.6M Add +5.5%
SOBO South Bow Corp. 0.98% 2,829,875 $77.8M Add +41.7%
SCHW Schwab (charles) Corp. 0.95% 754,888 $75.4M Reduce -0.1%
SLRC SLR Investment Corp. 0.85% 4,367,861 $67.5M Reduce -0.1%
CIM Chimera Investment Corp. 0.83% 5,268,481 $65.5M Add +5.0%
TDG Transdigm Group Inc. 0.80% 47,636 $63.3M No change
MELI MercadoLibre Inc. 0.76% 29,955 $60.3M Add +0.1%
MA Mastercard Inc. Class A 0.72% 99,052 $56.5M Reduce -4.7%
PFE Pfizer Inc. 0.69% 2,202,459 $54.8M Add +52.0%
LLY Eli Lilly & Co. 0.62% 45,404 $48.8M New
AZN Astrazeneca PLC-Spons ADR 0.59% 505,985 $46.5M Reduce -1.0%
CACI Caci International Inc. Class A 0.56% 83,746 $44.6M Reduce -2.2%
COF Capital One Financial Corp. 0.56% 182,654 $44.3M Reduce -0.2%
LYB Lyondellbasell Indu Class A 0.54% 977,081 $42.3M Reduce -5.0%
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.53% 1,102,143 $42.3M Add +5.0%
SE Sea Ltd.-ADR 0.52% 323,829 $41.3M Add +4.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.51% 260,571 $40.0M Reduce -5.4%
LHX L3HARRIS Technologies Inc. 0.47% 126,698 $37.2M Reduce -0.5%
MFIC Midcap Financial Investment 0.45% 3,137,783 $35.9M No change
ADBE Adobe Inc. 0.44% 99,185 $34.7M Add +70.0%
RACE Ferrari NV 0.41% 88,109 $32.6M Reduce -0.9%
AMD Advanced Micro Devices 0.33% 123,243 $26.4M Add +7.9%
CWST Casella Waste Systems Inc. Class A 0.30% 244,037 $23.9M Reduce -1.4%
BKNG Booking Holdings Inc. 0.28% 4,172 $22.3M Reduce -13.4%
SHOP Shopify Inc. Class A 0.28% 137,279 $22.1M Reduce -2.7%
ASML ASML Holding NV-NY Reg SHS 0.27% 20,316 $21.7M Reduce -3.5%
VRT Vertiv Holdings Co. Class A 0.27% 133,658 $21.7M Reduce -6.1%
AGYS Agilysys Inc. 0.27% 178,136 $21.2M Reduce -1.1%
SN Sharkninja Inc. 0.27% 188,960 $21.1M Add +12.7%
ANET Arista Networks Inc. 0.27% 160,832 $21.1M Reduce -2.5%
COHR Coherent Corp. 0.25% 107,961 $19.9M Reduce -15.9%
AIT Applied Industrial Tech Inc. 0.25% 75,889 $19.5M Reduce -1.9%
FTI Technipfmc PLC 0.24% 424,762 $18.9M Reduce -10.1%
ITT Itt Inc. 0.23% 103,356 $17.9M Add +2.6%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.23% 1,069,535 $17.9M Reduce -10.2%
ING ING Groep N.V.-Sponsored ADR 0.22% 632,753 $17.7M Add +15.8%
TRU Transunion 0.21% 198,186 $17.0M Reduce -1.4%
AER Aercap Holdings NV 0.21% 116,740 $16.8M Add +61.6%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.21% 1,027,642 $16.3M Reduce -7.1%
ACWX iShares MSCI Acwi Ex US ETF 0.20% 240,341 $16.1M Add +4.8%
MTSI Macom Technology Solutions H 0.20% 92,639 $15.9M Add +5.2%
BLDR Builders Firstsource Inc. 0.19% 143,154 $14.7M Reduce -1.8%
SONY Sony Group Corp. - SP ADR 0.19% 575,081 $14.7M Reduce -14.5%
FLUT Flutter Entertainment PLC-Di 0.18% 66,216 $14.2M Reduce -8.3%
CLH Clean Harbors Inc. 0.18% 60,620 $14.2M Reduce -0.7%
TLN Talen Energy Corp. 0.18% 37,231 $14.0M Reduce -5.2%
WAL Western Alliance Bancorp 0.17% 163,527 $13.7M Reduce -0.7%
PNFP Pinnacle Financial Partners 0.17% 138,594 $13.2M Reduce -4.1%
TTAN Servicetitan Inc. Class A 0.17% 124,159 $13.2M Add +50.1%
MMYT Makemytrip Ltd. 0.17% 159,711 $13.1M New
P Everpure Inc. Class A filed as PURE STORAGE INC 0.16% 193,748 $13.0M Reduce -15.0%
DCO Ducommun Inc. 0.16% 135,098 $12.9M Add +0.3%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.16% 123,239 $12.8M Reduce -1.3%
TCOM Trip.com Group Ltd.-ADR 0.16% 176,758 $12.7M Reduce -2.8%
THC Tenet Healthcare Corp. 0.16% 63,760 $12.7M Reduce -0.7%
SXT Sensient Technologies Corp. 0.16% 130,897 $12.3M Reduce -0.7%
DTM DT Midstream Inc. 0.15% 99,833 $11.9M Reduce -0.4%
BAP Credicorp Ltd. 0.15% 40,601 $11.7M Reduce -21.6%
ACA Arcosa Inc. 0.15% 109,101 $11.6M Reduce -0.7%
MYRG MYR Group Inc./Delaware 0.15% 53,070 $11.6M Reduce -35.8%
XPO Xpo Inc. 0.15% 84,488 $11.5M Reduce -0.7%
AIZ Assurant Inc. 0.14% 46,109 $11.1M Reduce -13.2%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.14% 121,685 $11.0M Reduce -0.7%
LPLA LPL Financial Holdings Inc. 0.13% 29,470 $10.5M Reduce -0.9%
ICLR Icon PLC 0.12% 54,173 $9.9M Reduce -5.3%
WD Walker & Dunlop Inc. 0.12% 160,103 $9.6M Add +0.3%
PJT PJT Partners Inc. Class A 0.11% 53,566 $9.0M Add +30.6%
GPI Group 1 Automotive Inc. 0.11% 22,455 $8.8M Reduce -6.2%
SHEL Shell PLC-ADR 0.10% 108,821 $8.0M Add +0.0%
VRRM Verra Mobility Corp. 0.10% 356,591 $8.0M Add +15.9%
CLBT Cellebrite Di Ltd. 0.10% 440,624 $7.9M New
CRDO Credo Technology Group Holdi 0.10% 54,962 $7.9M Add +3.6%
STKL Sunopta Inc. 0.10% 2,074,489 $7.9M Reduce -0.7%
CASY Casey's General Stores Inc. 0.10% 14,020 $7.7M Add +58.3%
AGX Argan Inc. 0.10% 24,611 $7.7M Reduce -15.9%
RGEN Repligen Corp. 0.10% 46,488 $7.6M Reduce -2.7%
WH Wyndham Hotels & Resorts Inc. 0.10% 99,830 $7.5M Reduce -34.0%
MU Micron Technology Inc. 0.10% 26,428 $7.5M Add +239.2%
CCC CCC Intelligent Solutions Ho 0.09% 938,688 $7.5M Reduce -35.7%
SITM Sitime Corp. 0.09% 21,006 $7.4M Reduce -0.1%
XP XP Inc. Class A 0.09% 450,131 $7.4M New
CXT Crane NXT Co. 0.09% 142,960 $6.7M Reduce -3.4%
NTNX Nutanix Inc. Class A 0.08% 129,597 $6.7M Reduce -25.1%
SARO Standardaero Inc. 0.08% 232,502 $6.7M Add +9.8%
FROG Jfrog Ltd. 0.08% 106,399 $6.6M Reduce -11.5%
AVTR Avantor Inc. 0.08% 576,959 $6.6M Add +29.4%
INSM Insmed Inc. 0.08% 37,971 $6.6M Reduce -13.8%
MSFT Microsoft Corp. 0.08% 13,609 $6.6M No change
EFA iShares MSCI Eafe ETF 0.08% 67,126 $6.4M Add +12.1%
TBBB BBB Foods Inc. Class A 0.08% 187,102 $6.2M Reduce -52.8%
MNDY Monday.com Ltd. 0.08% 41,714 $6.2M Add +95.8%
AORT Artivion Inc. 0.07% 129,037 $5.9M Reduce -2.7%
IBN Icici Bank Ltd.-Spon ADR 0.07% 192,359 $5.7M Reduce -8.5%
DECK Deckers Outdoor Corp. 0.07% 54,681 $5.7M Reduce -0.7%
OTEX Open Text Corp. 0.07% 168,449 $5.5M Reduce -1.5%
BMRN Biomarin Pharmaceutical Inc. 0.07% 90,730 $5.4M Add +24.0%
GKOS Glaukos Corp. 0.07% 47,725 $5.4M Reduce -2.7%
NTSK Netskope Inc. Class A 0.07% 302,288 $5.3M New
MIR Mirion Technologies Inc. 0.07% 226,209 $5.3M New
RMBS Rambus Inc. 0.07% 57,554 $5.3M Reduce -16.1%
BROS Dutch Bros Inc. Class A 0.07% 85,792 $5.3M Add +10.4%
CYTK Cytokinetics Inc. 0.07% 82,398 $5.2M Reduce -2.7%
CELH Celsius Holdings Inc. 0.07% 112,954 $5.2M Add +13.9%
MTDR Matador Resources Co. 0.06% 112,680 $4.8M No change
CSTM Constellium SE 0.06% 251,735 $4.7M New
SAP Sap SE-Sponsored ADR 0.06% 19,238 $4.7M Add +10.9%
NOW ServiceNow Inc. 0.06% 29,835 $4.6M No change
STEP Stepstone Group Inc. Class A 0.06% 71,137 $4.6M Reduce -2.7%
ENTG Entegris Inc. 0.05% 51,267 $4.3M New
PBR Petroleo Brasileiro-Spon ADR 0.05% 344,876 $4.1M Reduce -0.4%
PODD Insulet Corp. 0.05% 14,242 $4.0M Reduce -2.7%
FRPT Freshpet Inc. 0.05% 64,667 $3.9M No change
FOUR SHIFT4 Payments Inc. Class A 0.05% 56,879 $3.6M Reduce -2.7%
FWONK Liberty Media Corp. Class C 0.04% 35,956 $3.5M Reduce -30.3%
TW Tradeweb Markets Inc. Class A 0.04% 31,760 $3.4M Add +10.8%
AVAV Aerovironment Inc. 0.04% 14,051 $3.4M New
SAIA Saia Inc. 0.04% 10,084 $3.3M Reduce -2.7%
DEO Diageo PLC-Sponsored ADR 0.04% 37,772 $3.3M Reduce -26.1%
IOT Samsara Inc. Class A 0.04% 91,335 $3.2M Add +4.8%
STLA Stellantis NV 0.04% 296,324 $3.2M Reduce -2.3%
CHDN Churchill Downs Inc. 0.04% 28,342 $3.2M Reduce -2.7%
ONON On Holding AG Class A filed as ON HLDG AG 0.04% 67,225 $3.1M Reduce -26.1%
AMZN Amazon.com Inc. 0.03% 10,748 $2.5M Reduce -1.7%
GLOB Globant SA 0.03% 37,296 $2.4M Add +60.5%
INSP Inspire Medical Systems Inc. 0.03% 25,197 $2.3M Add +23.7%
CCB Coastal Financial Corp. 0.03% 19,252 $2.2M New
BMY Bristol-Myers Squibb Co. 0.03% 38,400 $2.1M No change
NVDA Nvidia Corp. 0.03% 10,912 $2.0M Reduce -10.8%
VEU Vanguard Ftse All-World Ex-U 0.02% 23,356 $1.7M Add +522.7%
AS Amer Sports Inc. 0.02% 40,253 $1.5M Reduce -39.5%
V Visa Inc. Class A 0.02% 4,166 $1.5M Reduce -1.4%
SLB SLB Ltd. filed as SLB LIMITED 0.02% 35,406 $1.4M Add +3.8%
LBRT Liberty Energy Inc. 0.01% 62,882 $1.2M Reduce -15.6%
CIGI Colliers Intl GR-Subord Vot 0.01% 7,439 $1.1M Add +346.0%
TS Tenaris SA-ADR 0.01% 21,297 $819K Reduce -9.9%
WCN Waste Connections Inc. 0.01% 4,337 $761K Reduce -83.7%
VXUS Vanguard Total Intl Stock 0.01% 9,722 $733K Add +83.7%
ZTS Zoetis Inc. 0.01% 5,816 $732K No change
NVS Novartis AG-Sponsored ADR 0.01% 4,889 $674K No change
PWR Quanta Services Inc. 0.01% 1,503 $634K Reduce -17.1%
JPM JPMorgan Chase & Co. 0.01% 1,949 $628K Reduce -97.9%
HDB HDFC Bank Ltd.-ADR 0.01% 15,533 $568K Reduce -6.4%
PAC Grupo Aeroportuario Pac-ADR 0.01% 2,021 $533K Reduce -1.3%
KOF Coca-Cola Femsa Sab-SP ADR 0.01% 4,594 $435K Add +1.1%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.01% 4,675 $402K Reduce -1.1%
AAPL Apple Inc. 0.00% 1,329 $361K Reduce -57.2%
ITUB Itau Unibanco H-Spon PRF ADR 0.00% 42,993 $308K Add +1.6%
INFY Infosys Ltd.-SP ADR 0.00% 16,738 $298K Reduce -32.1%
CPNG Coupang Inc. 0.00% 11,384 $269K Reduce -20.6%
KRG Kite Realty Group Trust 0.00% 11,077 $266K Reduce -96.9%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.00% 3,950 $254K Reduce -25.2%
VOD Vodafone Group PLC-SP ADR 0.00% 17,164 $227K 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$1.3MNo change
COMCAST HOLDINGS CORP ZONES CV2% PCS · principal 281,010$172KReduce -1.1%

Total filed on the 13F, all lines: $7.9B.

Portfolio Sells Q3 2025 → Q4 2025
AVGO Broadcom Inc. Reduce -6.7% 9.01% −0.50
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.40
JPM JPMorgan Chase & Co. Reduce -97.9% 0.01% −0.38
ELME Elme Communities Sold out 0.00% −0.35
META Meta Platforms Inc. Class A Reduce -9.7% 1.08% −0.30
CP Canadian Pacific Kansas City Reduce -8.4% 1.96% −0.28
LIN Linde PLC Reduce -0.9% 1.47% −0.25
TTE Totalenergies SE -Spon ADR Sold out 0.00% −0.18
TXNM TXNM Energy Inc. Sold out 0.00% −0.15
RACE Ferrari NV Reduce -0.9% 0.41% −0.15
LYB Lyondellbasell Indu Class A Reduce -5.0% 0.54% −0.12
KRG Kite Realty Group Trust Reduce -96.9% 0.00% −0.10
CVSA Covista Inc. Reduce -1.3% 0.16% −0.09
P Everpure Inc. Class A Reduce -15.0% 0.16% −0.09
NTNX Nutanix Inc. Class A Reduce -25.1% 0.08% −0.08
CCC CCC Intelligent Solutions Ho Reduce -35.7% 0.09% −0.08
MYRG MYR Group Inc./Delaware Reduce -35.8% 0.15% −0.08
RPAY Repay Holdings Corp. Sold out 0.00% −0.07
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.07
SONY Sony Group Corp. - SP ADR Reduce -14.5% 0.19% −0.07
WH Wyndham Hotels & Resorts Inc. Reduce -34.0% 0.10% −0.06
TBBB BBB Foods Inc. Class A Reduce -52.8% 0.08% −0.06
MDT Medtronic PLC Reduce -0.1% 2.34% −0.06
STKL Sunopta Inc. Reduce -0.7% 0.10% −0.06
FLUT Flutter Entertainment PLC-Di Reduce -8.3% 0.18% −0.06
MA Mastercard Inc. Class A Reduce -4.7% 0.72% −0.06
BKNG Booking Holdings Inc. Reduce -13.4% 0.28% −0.06
ABBV Abbvie Inc. Reduce -0.2% 1.16% −0.06
WCN Waste Connections Inc. Reduce -83.7% 0.01% −0.05
ANET Arista Networks Inc. Reduce -2.5% 0.27% −0.05
BLDR Builders Firstsource Inc. Reduce -1.8% 0.19% −0.04
CXT Crane NXT Co. Reduce -3.4% 0.09% −0.04
CWAN Clearwater Analytics HDS-A Sold out 0.00% −0.04
TLN Talen Energy Corp. Reduce -5.2% 0.18% −0.04
LHX L3HARRIS Technologies Inc. Reduce -0.5% 0.47% −0.04
BAP Credicorp Ltd. Reduce -21.6% 0.15% −0.03
RARE Ultragenyx Pharmaceutical Inc. Sold out 0.00% −0.03
RMBS Rambus Inc. Reduce -16.1% 0.07% −0.03
FWONK Liberty Media Corp. Class C Reduce -30.3% 0.04% −0.03
GPI Group 1 Automotive Inc. Reduce -6.2% 0.11% −0.03
MUFG Mitsubishi Ufj Finl-Spon ADR Reduce -7.1% 0.21% −0.02
NU Nu Holdings Ltd./Cayman Isl-A Reduce -10.2% 0.23% −0.02
DEO Diageo PLC-Sponsored ADR Reduce -26.1% 0.04% −0.02
SLRC SLR Investment Corp. Reduce -0.1% 0.85% −0.02
TCOM Trip.com Group Ltd.-ADR Reduce -2.8% 0.16% −0.02
AIT Applied Industrial Tech Inc. Reduce -1.9% 0.25% −0.02
OTEX Open Text Corp. Reduce -1.5% 0.07% −0.01
TJX TJX Companies Inc. Reduce -5.4% 0.51% −0.01
FOUR SHIFT4 Payments Inc. Class A Reduce -2.7% 0.05% −0.01
WAL Western Alliance Bancorp Reduce -0.7% 0.17% −0.01

Portfolio Buys Q3 2025 → Q4 2025
MRK Merck & Co. Inc. Add +5.9% 4.96% +1.10
FCX Freeport-McMoran Inc. Add +50.7% 1.80% +0.84
LLY Eli Lilly & Co. New 0.62% +0.62
RF Regions Financial Corp. Add +34.7% 2.14% +0.54
CSCO Cisco Systems Inc. Add +9.8% 2.80% +0.46
BZ Kanzhun Ltd. - ADR Add +58.8% 1.58% +0.40
ALC Alcon Inc. Add +21.7% 1.75% +0.35
SOBO South Bow Corp. Add +41.7% 0.98% +0.25
PFE Pfizer Inc. Add +52.0% 0.69% +0.21
ADBE Adobe Inc. Add +70.0% 0.44% +0.17
MMYT Makemytrip Ltd. New 0.17% +0.17
FER Ferrovial NV Add +0.2% 1.42% +0.12
CLBT Cellebrite Di Ltd. New 0.10% +0.10
AER Aercap Holdings NV Add +61.6% 0.21% +0.10
XP XP Inc. Class A New 0.09% +0.09
AMD Advanced Micro Devices Add +7.9% 0.33% +0.09
MU Micron Technology Inc. Add +239.2% 0.10% +0.08
MRX Marex UK Holdings Ltd. Add +5.0% 0.53% +0.07
NTSK Netskope Inc. Class A New 0.07% +0.07
MIR Mirion Technologies Inc. New 0.07% +0.07
CSTM Constellium SE New 0.06% +0.06
TTAN Servicetitan Inc. Class A Add +50.1% 0.17% +0.06
MTSI Macom Technology Solutions H Add +5.2% 0.20% +0.06
ENTG Entegris Inc. New 0.05% +0.05
AVAV Aerovironment Inc. New 0.04% +0.04
SN Sharkninja Inc. Add +12.7% 0.27% +0.04
ING ING Groep N.V.-Sponsored ADR Add +15.8% 0.22% +0.04
CME Cme Group Inc. Add +3.2% 3.96% +0.03
CASY Casey's General Stores Inc. Add +58.3% 0.10% +0.03
CCB Coastal Financial Corp. New 0.03% +0.03
MNDY Monday.com Ltd. Add +95.8% 0.08% +0.02
VEU Vanguard Ftse All-World Ex-U Add +522.7% 0.02% +0.02
PJT PJT Partners Inc. Class A Add +30.6% 0.11% +0.02
BMRN Biomarin Pharmaceutical Inc. Add +24.0% 0.07% +0.02
GLOB Globant SA Add +60.5% 0.03% +0.01
BROS Dutch Bros Inc. Class A Add +10.4% 0.07% +0.01
AVTR Avantor Inc. Add +29.4% 0.08% +0.01
CIGI Colliers Intl GR-Subord Vot Add +346.0% 0.01% +0.01
INSP Inspire Medical Systems Inc. Add +23.7% 0.03% +0.01
ACWX iShares MSCI Acwi Ex US ETF Add +4.8% 0.20% +0.01
SARO Standardaero Inc. Add +9.8% 0.08% +0.01
EFA iShares MSCI Eafe ETF Add +12.1% 0.08% +0.01
VXUS Vanguard Total Intl Stock Add +83.7% 0.01% +0.00
SLB SLB Ltd. Add +3.8% 0.02% +0.00
VRRM Verra Mobility Corp. Add +15.9% 0.10% +0.00
TW Tradeweb Markets Inc. Class A Add +10.8% 0.04% +0.00
KOF Coca-Cola Femsa Sab-SP ADR Add +1.1% 0.01% +0.00
ITUB Itau Unibanco H-Spon PRF ADR Add +1.6% 0.00% −0.00
SHEL Shell PLC-ADR Add +0.0% 0.10% −0.00
CRDO Credo Technology Group Holdi Add +3.6% 0.10% −0.00

Notes & Other Activity Q3 2025 → Q4 2025
COMCAST HOLDINGS CORP ZONES CV2% PCS · principal Reduce -1.1% 281,010 $172K

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