Net position changes between two of this fund's N-PORT
snapshots. These are differences between point-in-time reports — not a
trade log — and share counts can be affected by splits and other corporate
actions.
Dec 31, 2025 → Mar 31, 2026
Expand a category to
see the positions behind it, ranked by weight.
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
ROCHE HOLDING AG
0
300,285
300,285
2.35%
$119.84M
TENCENT HOLDINGS LTD
0
1,777,765
1,777,765
2.20%
$112.13M
KWEICHOW MOUTAI CO LTD A
0
396,989
396,989
1.64%
$83.60M
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
ROCHE HOLDINGS AG (GENUSSCHEINE)
300,285
0
-300,285
0.00%
-$124.01M
INTERNET INITIAT
1,105,626
0
-1,105,626
0.00%
-$19.56M
DANONE SA
198,566
0
-198,566
0.00%
-$17.92M
RHEINMETALL AG
4,643
0
-4,643
0.00%
-$8.47M
GALAXY ENTERTAIN
1,337,472
0
-1,337,472
0.00%
-$6.59M
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
GLENCORE PLC
18,901,936
19,732,360
830,424
2.93%
$45.87M
MITSUBISHI UFJ F
7,913,539
8,371,131
457,592
2.78%
$16.16M
ING GROEP NV
4,007,653
4,937,910
930,257
2.52%
$15.09M
SCHNEIDER ELECTR
434,466
459,938
25,472
2.46%
$5.34M
TAIWAN SEMIC MFG CO LTD SP ADR
319,479
337,037
17,558
2.24%
$16.82M
HITACHI LTD
3,278,704
3,787,346
508,642
2.18%
$8.28M
MITSUB ELEC CORP
3,172,069
3,342,282
170,213
2.15%
$16.83M
KEYENCE CORP
244,723
288,203
43,480
2.01%
$14.05M
SONY GROUP CORP
3,272,322
4,886,776
1,614,454
2.00%
$17.92M
ALCON INC
1,051,297
1,114,915
63,618
1.65%
$1.16M
FREEPORT MCMORAN INC
1,237,565
1,336,687
99,122
1.54%
$15.71M
BANK CENTRAL ASI
114,842,325
184,933,077
70,090,752
1.40%
$15.98M
KANZHUN LTD CL A ADR
4,248,698
4,703,923
455,225
1.24%
-$23.60M
JAPAN EXCHANGE G
5,164,090
5,275,400
111,310
1.21%
$6.49M
SAP SE
184,091
322,708
138,617
1.08%
$10.29M
DIAGEO PLC
1,540,386
1,763,191
222,805
0.64%
-$504.06K
LVMH MOET HENNESSY LOUIS VUITTON SE
17,560
23,564
6,004
0.25%
-$429.30K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
Thornburg Capital Management Fund
39,896,418
37,588,889
-2,307,529
7.38%
-$23.08M
BNP PARIBAS
1,583,330
1,444,569
-138,761
2.70%
-$12.71M
SAMSUNG ELECTRONICS CO LTD
1,737,599
1,062,525
-675,074
2.44%
-$21.36M
ALIMENTATION COUCHE-TARD INC
2,144,043
2,093,783
-50,260
2.33%
$1.59M
RECRUIT HOLDINGS
1,669,161
1,540,336
-128,825
1.32%
-$26.68M
B3 SA
23,997,767
18,384,035
-5,613,732
1.28%
$4.21M
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
TOTALENERGIES SE
1,980,913
1,980,913
0
3.57%
$52.38M
ASTRAZENECA PLC
801,091
801,091
0
3.08%
$7.74M
ORANGE
7,150,678
7,150,678
0
2.88%
$27.28M
CANADIAN PACIFIC KANSAS CITY LTD
1,668,959
1,668,959
0
2.58%
$8.39M
ENDESA
3,096,173
3,096,173
0
2.53%
$17.67M
NN GROUP
1,626,567
1,626,567
0
2.49%
$1.36M
E.ON SE
5,593,466
5,593,466
0
2.40%
$16.59M
IBERDROLA SA
5,195,927
5,195,927
0
2.34%
$6.20M
ENEL SPA
10,362,263
10,362,263
0
2.22%
$5.55M
L'OREAL SA ORD
268,668
268,668
0
2.15%
-$6.06M
BABA-W
6,909,458
6,909,458
0
2.13%
-$18.48M
LINDE PLC
210,009
210,009
0
2.05%
$15.32M
SAFRAN SA
304,035
304,035
0
1.95%
-$6.77M
FERROVIAL SE
1,455,346
1,455,346
0
1.86%
$30.39K
ABB Ltd. (Registered)
1,158,460
1,158,460
0
1.85%
$8.79M
DHL GROUP
1,679,639
1,679,639
0
1.74%
-$3.05M
MEITUAN-W
7,999,629
7,999,629
0
1.71%
-$18.89M
GENERALI ASSIC
2,087,470
2,087,470
0
1.65%
-$3.25M
MTU AERO ENGINES
216,221
216,221
0
1.55%
-$10.75M
FUJIFILM HOLDING
3,359,334
3,359,334
0
1.26%
-$7.27M
L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude