THORNBURG INVESTMENT MANAGEMENT INC Information

2300 NORTH RIDGETOP ROAD, SANTA FE, New Mexico, 87506-8361, (505) 984-0200

Report Date: 12/31/2014

Position Statistics

Total Positions 344
New Positions 34
Increased Positions 117
Decreased Positions 195
Positions with Activity 312
Sold Out Positions 42
Total Mkt Value (in $ millions) 20,547

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 1.7%
Capital Goods 1.45%
Conglomerates
Consumer Cyclical 2.63%
Consumer/Non-Cyclical 4.56%
Energy 6.55%
Financial 18.05%
Healthcare 7.68%
Services 27.59%
Technology 14.36%
Transportation 2.19%
Utilities 3.76%

195 DECREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
JPMORGAN CHASE & CO COM 725,303 -9,286 (1.26) 11,835,885
LIBERTY GLOBAL PLC SHS CL C 493,365 -139,297 (22.02) 9,456,875
BAIDU INC SPON ADR REP A 402,901 -78,232 (16.26) 1,977,429
AMERICA MOVIL SAB DE CV SPON ADR L SHS 365,291 -423 (0.12) 17,085,627
ALIBABA GROUP HLDG LTD SPONSORED ADS 359,515 -39,728 (9.95) 4,223,622
NXP SEMICONDUCTORS N V COM 344,999 -28,762 (7.7) 4,063,835
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 339,689 -160,883 (32.14) 13,847,909
WALGREENS BOOTS ALLIANCE INC COM 331,047 -75,100 (18.49) 3,984,675
GILEAD SCIENCES INC COM 300,102 -62,966 (17.34) 2,898,695
ACTAVIS PLC SHS 296,793 -303,957 (50.6) 1,018,647
SCHLUMBERGER LTD COM 269,125 -133,144 (33.1) 3,197,779
PFIZER INC COM 261,711 -15,793 (5.69) 7,625,614
INTEL CORP COM 253,558 -18,331 (6.74) 7,625,807
APPLE INC COM 249,386 -83,819 (25.16) 1,941,348
STAPLES INC COM 245,586 -28,158 (10.29) 14,648,724
VALEANT PHARMACEUTICALS INTL I COM 243,171 -9,316 (3.69) 1,231,368
QUALCOMM INC COM 236,258 -17,965 (7.07) 3,258,279
LORILLARD INC COM 225,281 -20,479 (8.33) 3,292,620
DUKE ENERGY CORP NEW COM NEW 193,788 -52,289 (21.25) 2,467,063
MASTERCARD INC CL A 186,091 -328,115 (63.81) 2,064,700