Thornburg Investment: A Closer Look at Q3 2022 vs. Q4 2022 13F Holdings Comparison

Thornburg Investment Management Inc. is an investment management firm that manages various funds for its clients. The firm's investment strategies focus on a range of asset classes and sectors, including equities, fixed income, and alternative investments. One of Thornburg's funds, in particular, has been making waves lately due to its recent 13F holdings comparison between Q3 2022 and Q4 2022. In this article, we'll take a closer look at those changes and their potential impact.

PFE and AVGO: The Top Two Holdings

According to the 13F filings, Pfizer Inc. (PFE) and Broadcom Inc. (AVGO) were the top two holdings for Thornburg's fund in both Q3 and Q4 of 2022. PFE saw a slight increase in shares, from 7,365,857 to 7,422,886, and a significant increase in value, from $322,330,000 to $380,349,000. AVGO also saw a slight increase in shares, from 666,155 to 666,370, and a significant increase in value, from $295,779,000 to $372,587,000.

JPM and HD: The Biggest Movers

While PFE and AVGO were the top two holdings, it was JPMorgan Chase & Co. (JPM) and Home Depot Inc. (HD) that saw the biggest increases in shares. JPM saw an increase of over 13%, from 1,829,144 to 1,968,662 shares, and an increase of over 38% in value, from $191,146,000 to $263,998,000. HD, on the other hand, saw no change in the number of shares held (510,847) but saw a significant increase in value, from $140,963,000 to $161,356,000.

MRK: A Strong Performer

Another interesting holding to note is Merck & Co. Inc. (MRK), which saw a slight increase in shares, from 1,590,380 to 1,560,094, but a significant increase in value, from $136,964,000 to $173,092,000. MRK has been performing well lately, with strong earnings and positive industry trends, which could help explain its increased value.

ABBV and PBR: The Only Two Holdings to Decrease in Value

While most of Thornburg's holdings saw an increase in value, two holdings saw a decrease in value: AbbVie Inc. (ABBV) and Petroleo Brasileiro SA Petro (PBR). ABBV saw a significant decrease in shares, from 1,386,747 to 1,079,584, and a decrease in value, from $186,115,000 to $174,521,000. PBR saw a decrease in both shares (from 7,521,856 to 6,776,021) and value (from $92,820,000 to $72,165,000).

Overall, Thornburg's Q3 2022 vs. Q4 2022 13F holdings comparison shows some interesting trends, with most holdings seeing an increase in value. While some holdings saw a slight increase in shares, others saw significant increases in both shares and value. However, two holdings saw a decrease in value, which is worth keeping an eye on in future filings. As with any investment, it's important to do your due diligence and understand the potential risks and rewards before investing.