Portfolio moves
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.
▶
Opened
· 30 positions
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
MICROSOFT CORP
0
13,792
13,792
2.64%
$5.11M
ALPHABET INC CL A
0
13,112
13,112
1.95%
$3.77M
BROADCOM INC
0
9,222
9,222
1.47%
$2.85M
AMAZON.COM INC
0
12,815
12,815
1.38%
$2.67M
S&P GLOBAL INC
0
5,499
5,499
1.21%
$2.34M
MASTERCARD INC CL A
0
4,606
4,606
1.19%
$2.30M
META PLATFORMS INC CL A
0
3,917
3,917
1.16%
$2.24M
VANGUARD SM-C ET
0
6,839
6,839
0.93%
$1.79M
BRIGHTSPHERE INVESTMENT GROUP INC
0
27,546
27,546
0.77%
$1.50M
ROYALTY PHARMA PLC
0
31,139
31,139
0.77%
$1.49M
VICTORIA'S SECRET and CO
0
31,756
31,756
0.76%
$1.47M
TALEN ENERGY CORP
0
4,581
4,581
0.76%
$1.46M
HEICO CORP CL A
0
5,464
5,464
0.60%
$1.15M
REDDIT INC-A
0
8,359
8,359
0.58%
$1.13M
PROGRESSIVE CORP OHIO
0
5,622
5,622
0.58%
$1.11M
SHOPIFY INC CL A
0
7,378
7,378
0.45%
$875.18K
GUIDEWIRE SOFTWARE INC
0
5,840
5,840
0.45%
$873.43K
TAPESTRY INC
0
6,076
6,076
0.44%
$857.38K
VEEVA SYSTEMS-A
0
4,761
4,761
0.43%
$836.32K
WHEATON PRECIOUS METALS CORP
0
4,826
4,826
0.33%
$632.25K
PJT PARTNERS INC
0
4,300
4,300
0.31%
$600.80K
BIOMARIN PHARMACEUTICAL INC
0
10,518
10,518
0.31%
$594.16K
AERCAP HOLDINGS NV
0
4,325
4,325
0.31%
$593.30K
RUBRIK INC-A
0
11,915
11,915
0.30%
$583.48K
LPL FINL HLDGS INC
0
1,931
1,931
0.30%
$580.90K
T-MOBILE US INC
0
2,715
2,715
0.29%
$570.23K
CADENCE DESIGN SYSTEMS INC
0
2,040
2,040
0.29%
$566.85K
LUMENTUM HOLDINGS INC
0
791
791
0.29%
$555.88K
DATADOG INC CL A
0
4,647
4,647
0.28%
$548.58K
KARMAN HOLDINGS INC
0
5,993
5,993
0.25%
$479.74K
▶
Exited
· 10 positions
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
NETSKOPE INC-A
302,288
0
-302,288
0.00%
-$5.30M
DUTCH BROS INC-A
85,792
0
-85,792
0.00%
-$5.25M
SERVICETITAN INC-A
40,833
0
-40,833
0.00%
-$4.35M
COVISTA INC
38,189
0
-38,189
0.00%
-$3.95M
FRESHPET INC
64,667
0
-64,667
0.00%
-$3.94M
SHIFT4 PAYMENTS INC
56,879
0
-56,879
0.00%
-$3.58M
CHURCHILL DOWNS INC
28,342
0
-28,342
0.00%
-$3.22M
MONDAY.COM LTD
18,467
0
-18,467
0.00%
-$2.72M
INSPIRE MEDICAL SYSTEMS INC
25,197
0
-25,197
0.00%
-$2.32M
COASTAL FINANCIAL CORP/WA
19,252
0
-19,252
0.00%
-$2.21M
▶
Increased
· 1 position
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
Thornburg Capital Management Fund
305,319
1,458,799
1,153,480
7.53%
$11.53M
▶
Decreased
· 15 positions
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
SHARKNINJA INC
68,813
64,571
-4,242
3.53%
-$862.11K
CREDO TECHNOLOGY GROUP HOLDING LTD
54,962
49,113
-5,849
2.38%
-$3.30M
STANDARDAERO INC
232,502
165,682
-66,820
2.21%
-$2.39M
REPLIGEN CORP
46,488
29,125
-17,363
1.77%
-$4.19M
CELSIUS HOLDINGS INC
112,954
87,272
-25,682
1.60%
-$2.07M
GLAUKOS CORP
47,725
10,733
-36,992
0.60%
-$4.23M
SAMSARA INC-CL A
91,335
35,567
-55,768
0.58%
-$2.11M
TRANSUNION
66,620
14,982
-51,638
0.54%
-$4.68M
AGILYSYS INC
61,650
13,864
-47,786
0.51%
-$6.34M
MIRION TECHNOLOGIES INC-A
226,209
50,868
-175,341
0.49%
-$4.35M
STEPSTONE GROUP INC CLASS A
71,137
15,997
-55,140
0.39%
-$3.80M
INSULET CORP
14,242
3,204
-11,038
0.35%
-$3.38M
AEROVIRONMENT INC
14,051
3,161
-10,890
0.30%
-$2.82M
BUILDERS FIRSTSOURCE
22,536
7,010
-15,526
0.30%
-$1.74M
ON HOLDING AG
67,225
15,118
-52,107
0.27%
-$2.61M
▶
Unchanged
· 17 positions
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
ARGAN INC
24,611
24,611
0
6.92%
$5.69M
VERTIV HOLDINGS CO
46,559
46,559
0
6.03%
$4.12M
TECHNIPFMC PLC
120,553
120,553
0
4.30%
$2.96M
SITIME CORP
21,006
21,006
0
3.75%
-$164.69K
MAREX GROUP PLC
161,404
161,404
0
3.72%
$1.00M
CASELLA WASTE SYS INC CL A
80,646
80,646
0
3.30%
-$1.50M
INSMED INC
37,971
37,971
0
3.21%
-$399.45K
APPLIED INDU TEC
20,529
20,529
0
2.81%
$175.52K
CYTOKINETICS INC
82,398
82,398
0
2.80%
$195.28K
ITT INC
27,589
27,589
0
2.71%
$469.56K
JFROG LTD
106,399
106,399
0
2.58%
-$1.65M
RAMBUS INC
57,554
57,554
0
2.56%
-$337.27K
ARTIVION INC
129,037
129,037
0
2.44%
-$1.16M
PURE STORAGE INC CL A
79,302
79,302
0
2.42%
-$632.04K
TRADEWEB MARKETS INC A
31,760
31,760
0
1.93%
$321.41K
SAIA INC
10,084
10,084
0
1.83%
$249.68K
LIBERTY MEDIA CORP LIBERTY FORMULA ONE CL C
35,956
35,956
0
1.58%
-$485.05K
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