# EDGAR Filing Document

**Accession Number:** 0001145020
**File Stem:** 0001140361-26-020785
**Filing Date:** 2026-5
**Character Count:** 20629
**Document Hash:** 9fa67ec515111494443a3c60f3b42b92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-020785.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001140361-26-020785

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THORNBURG INVESTMENT MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001145020

**ORGANIZATION NAME:**
- **EIN:** 850301299
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06605
- **FILM NUMBER:** 26968027

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361
- **BUSINESS PHONE:** 5059840200

**MAIL ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** THORNBURG INVESTMENT MANAGEMENT INC<br>**Address:** 2300 NORTH RIDGETOP ROAD<br>SANTA FE, NM 87506-8361

**Form 13F File Number:** 028-06605

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Gladys Xiques<br>**Title:** Chief Compliance Officer<br>**Phone:** 5054677918

**Signature, Place, and Date of Signing:**

/s/ Gladys Xiques  Santa Fe, NM  05-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 171

**Form 13F Information Table Value Total:** $9634547391

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AT INC | COM | 00206R102 |  | 900001624 | 31045244 | SH |  | SOLE |  | 31045244 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 109360932 | 502832 | SH |  | SOLE |  | 502832 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 42178026 | 173515 | SH |  | SOLE |  | 173515 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 24934008 | 122568 | SH |  | SOLE |  | 122234 | 0 | 334 |
| AEROVIRONMENT INC | COM | 008073108 |  | 586858 | 3206 | SH |  | SOLE |  | 3206 | 0 | 0 |
| AGILYSYS INC | COM | 00847J105 |  | 8994444 | 126433 | SH |  | SOLE |  | 126433 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 76553685 | 610184 | SH |  | SOLE |  | 609290 | 0 | 894 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 122196322 | 424942 | SH |  | SOLE |  | 424942 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4931209 | 23677 | SH |  | SOLE |  | 23677 | 0 | 0 |
| MIDCAP FINANCIAL INVSTMNT CO | COM NEW | 03761U502 |  | 36392681 | 3237783 | SH |  | SOLE |  | 3237783 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 337287 | 1329 | SH |  | SOLE |  | 1329 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 14967762 | 56414 | SH |  | SOLE |  | 56414 | 0 | 0 |
| ARCOSA INC | COM | 039653100 |  | 8463498 | 79739 | SH |  | SOLE |  | 79739 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 13533463 | 24848 | SH |  | SOLE |  | 24848 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 20669767 | 168348 | SH |  | SOLE |  | 167765 | 0 | 583 |
| ASSURANT INC | COM | 04621X108 |  | 9652468 | 44316 | SH |  | SOLE |  | 44316 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 5174825 | 52579 | SH |  | SOLE |  | 52579 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 599246 | 10608 | SH |  | SOLE |  | 10608 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 47201898 | 11211 | SH |  | SOLE |  | 11211 | 0 | 0 |
| ACADIAN ASSET MANAGEMENT INC | COM | 10948W103 |  | 1512114 | 27786 | SH |  | SOLE |  | 27786 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 2328960 | 38400 | SH |  | SOLE |  | 38400 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 644909273 | 2083646 | SH |  | SOLE |  | 2083646 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 14745632 | 179104 | SH |  | SOLE |  | 179104 | 0 | 0 |
| CCC INTELLIGENT SOLUTIONS HL | COM | 12510Q100 |  | 2686464 | 447744 | SH |  | SOLE |  | 447744 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 338306295 | 1145442 | SH |  | SOLE |  | 1145442 | 0 | 0 |
| CACI INTL INC | CL A | 127190304 |  | 45993998 | 84568 | SH |  | SOLE |  | 84568 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 571857 | 2058 | SH |  | SOLE |  | 2058 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 159578565 | 2028713 | SH |  | SOLE |  | 2027109 | 0 | 1604 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 25479998 | 139670 | SH |  | SOLE |  | 139670 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 16119270 | 203167 | SH |  | SOLE |  | 203167 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 3126959 | 88133 | SH |  | SOLE |  | 88133 | 0 | 0 |
| CHIMERA INVT CORP | COM SHS | 16934Q802 |  | 68727590 | 5476302 | SH |  | SOLE |  | 5476302 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 226123097 | 2914333 | SH |  | SOLE |  | 2914333 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 905942896 | 7988210 | SH |  | SOLE |  | 7988210 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 10827498 | 37762 | SH |  | SOLE |  | 37762 | 0 | 0 |
| COCA-COLA FEMSA SAB DE CV | SPONS ADS REP | 191241108 |  | 443462 | 4546 | SH |  | SOLE |  | 4546 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 17811200 | 74771 | SH |  | SOLE |  | 74771 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 13236660 | 123834 | SH |  | SOLE |  | 123834 | 0 | 0 |
| COMCAST HOLDINGS CORP | ZONES CV2% PCS | 200300507 |  | 17222022 | 281010 | PRN |  | SOLE |  | 281010 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 208888 | 11064 | SH |  | SOLE |  | 11064 | 0 | 0 |
| ARTIVION INC | COM | 228903100 |  | 4770707 | 130276 | SH |  | SOLE |  | 130276 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 5483053 | 83190 | SH |  | SOLE |  | 83190 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 10443255 | 77547 | SH |  | SOLE |  | 77547 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 553182 | 4686 | SH |  | SOLE |  | 4686 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 5093480 | 50889 | SH |  | SOLE |  | 50889 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 3308707 | 44442 | SH |  | SOLE |  | 44062 | 0 | 380 |
| DUCOMMUN INC DEL | COM | 264147109 |  | 15912582 | 130431 | SH |  | SOLE |  | 130431 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 197176881 | 3641034 | SH |  | SOLE |  | 3641034 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 185334948 | 4994205 | SH |  | SOLE |  | 4994205 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 72211960 | 126216 | SH |  | SOLE |  | 126216 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 166713835 | 2836234 | SH |  | SOLE |  | 2834586 | 0 | 1648 |
| GLAUKOS CORP | COM | 377322102 |  | 1171987 | 10886 | SH |  | SOLE |  | 10886 | 0 | 0 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 7225257 | 21853 | SH |  | SOLE |  | 21853 | 0 | 0 |
| GRUPO AEROPORTUNARIO DEL PAC | SPON ADS B | 400506101 |  | 493493 | 1999 | SH |  | SOLE |  | 1999 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 881058 | 5891 | SH |  | SOLE |  | 5891 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 375837 | 15106 | SH |  | SOLE |  | 15106 | 0 | 0 |
| HEICO CORP NEW | CL A | 422806208 |  | 1163528 | 5512 | SH |  | SOLE |  | 5512 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 171354650 | 521009 | SH |  | SOLE |  | 521009 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 14853338 | 77958 | SH |  | SOLE |  | 77958 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 5011650 | 193500 | SH |  | SOLE |  | 192464 | 0 | 1036 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 226239 | 16746 | SH |  | SOLE |  | 16746 | 0 | 0 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 17355526 | 666239 | SH |  | SOLE |  | 660600 | 0 | 5639 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 6268866 | 38337 | SH |  | SOLE |  | 38337 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 681770 | 3249 | SH |  | SOLE |  | 3249 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 12456825 | 128249 | SH |  | SOLE |  | 127001 | 0 | 1248 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 18019181 | 263169 | SH |  | SOLE |  | 261065 | 0 | 2104 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 285649 | 34087 | SH |  | SOLE |  | 34087 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 573318 | 1949 | SH |  | SOLE |  | 1949 | 0 | 0 |
| KB FINL GROUP INC | SPONSORED ADR | 48241A105 |  | 461850 | 4631 | SH |  | SOLE |  | 4631 | 0 | 0 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 83457808 | 6232846 | SH |  | SOLE |  | 6227505 | 0 | 5341 |
| KARMAN HLDGS INC | COMMON STOCK | 485924104 |  | 483822 | 6044 | SH |  | SOLE |  | 6044 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 11133718 | 37010 | SH |  | SOLE |  | 37010 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 43729815 | 126698 | SH |  | SOLE |  | 126698 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 1738138 | 60352 | SH |  | SOLE |  | 60352 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 3086311 | 36301 | SH |  | SOLE |  | 36301 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 55349919 | 60178 | SH |  | SOLE |  | 60178 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 560100 | 797 | SH |  | SOLE |  | 797 | 0 | 0 |
| MYR GROUP INC | COM | 55405W104 |  | 10544934 | 37351 | SH |  | SOLE |  | 37351 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 16569309 | 74613 | SH |  | SOLE |  | 74613 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 48923210 | 97913 | SH |  | SOLE |  | 97627 | 0 | 286 |
| MATADOR RES CO | COM | 576485205 |  | 7150397 | 113175 | SH |  | SOLE |  | 113175 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 53637658 | 31022 | SH |  | SOLE |  | 30953 | 0 | 69 |
| MERCK  CO INC | COM | 58933Y105 |  | 448522075 | 3728673 | SH |  | SOLE |  | 3728673 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 10187449 | 27521 | SH |  | SOLE |  | 27521 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 8317959 | 24621 | SH |  | SOLE |  | 24477 | 0 | 144 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 959188 | 51597 | SH |  | SOLE |  | 51597 | 0 | 0 |
| MITSUBISHI UFJ FINANCIAL GRO | SPONSORED ADS | 606822104 |  | 18280610 | 1077231 | SH |  | SOLE |  | 1067539 | 0 | 9692 |
| NETFLIX INC. | COM | 64110L106 |  | 12113458 | 125985 | SH |  | SOLE |  | 125985 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 628414 | 4114 | SH |  | SOLE |  | 4114 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1762312 | 10105 | SH |  | SOLE |  | 10105 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 3803883 | 170733 | SH |  | SOLE |  | 170733 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 |  | 7827534 | 56023 | SH |  | SOLE |  | 56023 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 |  | 7173130 | 345693 | SH |  | SOLE |  | 345693 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 62960583 | 2242186 | SH |  | SOLE |  | 2242186 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72348N109 |  | 11991033 | 139204 | SH |  | SOLE |  | 139204 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1124021 | 5670 | SH |  | SOLE |  | 5670 | 0 | 0 |
| EVERPURE INC | CL A | 74624M102 |  | 8704503 | 147434 | SH |  | SOLE |  | 147434 | 0 | 0 |
| RAMBUS INC DEL | COM | 750917106 |  | 4998859 | 58106 | SH |  | SOLE |  | 58106 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 1135234 | 8431 | SH |  | SOLE |  | 8431 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 170178905 | 6515272 | SH |  | SOLE |  | 6515272 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 3464026 | 29401 | SH |  | SOLE |  | 29401 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 10590282 | 113874 | SH |  | SOLE |  | 113001 | 0 | 873 |
| RUBRIK INC. | CL A | 781154109 |  | 588473 | 12017 | SH |  | SOLE |  | 12017 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 2359361 | 5547 | SH |  | SOLE |  | 5547 | 0 | 0 |
| SAIA INC | COM | 78709Y105 |  | 3576030 | 10180 | SH |  | SOLE |  | 10180 | 0 | 0 |
| SAMSARA INC | COM CL A | 79589L106 |  | 1136815 | 35873 | SH |  | SOLE |  | 35873 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 17379013 | 101507 | SH |  | SOLE |  | 101115 | 0 | 392 |
| SLB LIMITED | COM STK | 806857108 |  | 1703784 | 33154 | SH |  | SOLE |  | 33154 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 76082449 | 809560 | SH |  | SOLE |  | 809560 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 30629183 | 369873 | SH |  | SOLE |  | 369110 | 0 | 763 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 |  | 8767177 | 101425 | SH |  | SOLE |  | 101425 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 3119249 | 29835 | SH |  | SOLE |  | 29835 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 27709751 | 233601 | SH |  | SOLE |  | 232957 | 0 | 644 |
| SITIME CORP | COM | 82982T106 |  | 7323837 | 21207 | SH |  | SOLE |  | 21207 | 0 | 0 |
| SLR INVESTMENT CORP | COM | 83413U100 |  | 66304398 | 4633431 | SH |  | SOLE |  | 4633431 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 13851074 | 669134 | SH |  | SOLE |  | 664191 | 0 | 4943 |
| SOUTH BOW CORP | COM | 83671M105 |  | 120678081 | 3632875 | SH |  | SOLE |  | 3632875 | 0 | 0 |
| BLOCK INC | NOTE 5/0 | 852234AJ2 |  | 322694 | 324000 | PRN |  | SOLE |  | 324000 | 0 | 0 |
| STANDARDAERO INC | COM | 85423L103 |  | 4322883 | 167359 | SH |  | SOLE |  | 167359 | 0 | 0 |
| STEPSTONE GROUP INC | COM CL A | 85914M107 |  | 774257 | 16225 | SH |  | SOLE |  | 16225 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 42106981 | 263663 | SH |  | SOLE |  | 263663 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 575272 | 2739 | SH |  | SOLE |  | 2739 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 237021908 | 701352 | SH |  | SOLE |  | 699826 | 0 | 1526 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 12964250 | 40611 | SH |  | SOLE |  | 40611 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 865004 | 6130 | SH |  | SOLE |  | 6130 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 295036643 | 4720722 | SH |  | SOLE |  | 4720722 | 0 | 0 |
| TENARIS S A | SPONSORED ADS | 88031M109 |  | 976959 | 16792 | SH |  | SOLE |  | 16792 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 9838207 | 52134 | SH |  | SOLE |  | 52134 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 1409020 | 151834 | SH |  | SOLE |  | 151834 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 3772886 | 32066 | SH |  | SOLE |  | 32066 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 34377072 | 29662 | SH |  | SOLE |  | 29662 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 10489550 | 151605 | SH |  | SOLE |  | 151605 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 269909 | 3594 | SH |  | SOLE |  | 3594 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 843695 | 4803 | SH |  | SOLE |  | 4803 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 16888602 | 64480 | SH |  | SOLE |  | 64480 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 28820709 | 115016 | SH |  | SOLE |  | 115016 | 0 | 0 |
| VICTORIAS SECRET AND CO | COMMON STOCK | 926400102 |  | 1485004 | 32032 | SH |  | SOLE |  | 32032 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1259132 | 4166 | SH |  | SOLE |  | 4166 | 0 | 0 |
| VODAFONE GROUP PLC NEW | SPONSORED ADR | 92857W308 |  | 257803 | 17164 | SH |  | SOLE |  | 17164 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 11219593 | 158357 | SH |  | SOLE |  | 158357 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 637757 | 4868 | SH |  | SOLE |  | 4868 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 7802629 | 96056 | SH |  | SOLE |  | 96056 | 0 | 0 |
| XPO INC | COM | 983793100 |  | 12065602 | 62018 | SH |  | SOLE |  | 62018 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 687509 | 5816 | SH |  | SOLE |  | 5816 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 5050379 | 205467 | SH |  | SOLE |  | 205467 | 0 | 0 |
| TOTALENERGIES SE | ACT | F92124100 |  | 1089907268 | 11660983 | SH |  | SOLE |  | 11658767 | 0 | 2216 |
| ASTRAZENECA PLC | ORD | G0593M107 |  | 555666808 | 2858651 | SH |  | SOLE |  | 2856820 | 0 | 1831 |
| BBB FOODS INC | CL A COM | G0896C103 |  | 6001440 | 169676 | SH |  | SOLE |  | 169676 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 13765281 | 40584 | SH |  | SOLE |  | 40584 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 4654450 | 49584 | SH |  | SOLE |  | 49584 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 665067 | 6010 | SH |  | SOLE |  | 6010 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 135407393 | 274372 | SH |  | SOLE |  | 274141 | 0 | 231 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 174779722 | 2017077 | SH |  | SOLE |  | 2017077 | 0 | 0 |
| MAREX GROUP PLC | ORD | G5S37H101 |  | 18227737 | 408877 | SH |  | SOLE |  | 408877 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 12073717 | 840203 | SH |  | SOLE |  | 837321 | 0 | 2882 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 1506690 | 31409 | SH |  | SOLE |  | 31409 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 17984044 | 169821 | SH |  | SOLE |  | 169821 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 23032319 | 333174 | SH |  | SOLE |  | 333174 | 0 | 0 |
| XP INC | CL A | G98239109 |  | 10853885 | 570057 | SH |  | SOLE |  | 570057 | 0 | 0 |
| ALCON AG | ORD SHS | H01301128 |  | 128416479 | 1708677 | SH |  | SOLE |  | 1706338 | 0 | 2339 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 521663 | 15334 | SH |  | SOLE |  | 15334 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 4254893 | 92277 | SH |  | SOLE |  | 92072 | 0 | 205 |
| CELLEBRITE DI LTD | ORDINARY SHARES | M2197Q107 |  | 11185888 | 811748 | SH |  | SOLE |  | 809041 | 0 | 2707 |
| JFROG LTD | ORD SHS | M6191J100 |  | 5041174 | 107419 | SH |  | SOLE |  | 107419 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 15823439 | 115348 | SH |  | SOLE |  | 114977 | 0 | 371 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 |  | 25773356 | 19513 | SH |  | SOLE |  | 19370 | 0 | 143 |
| FERRARI N V | COM | N3167Y103 |  | 32505415 | 96042 | SH |  | SOLE |  | 95753 | 0 | 289 |
| FERROVIAL SE | ORD SHS | N3168P101 |  | 111597085 | 1739341 | SH |  | SOLE |  | 1737199 | 0 | 2142 |
| LYONDELLBASELL INDUSTRIES NV | SHS - A - | N53745100 |  | 78713645 | 977081 | SH |  | SOLE |  | 977081 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 1972509 | 278210 | SH |  | SOLE |  | 278210 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 11281530 | 302535 | SH |  | SOLE |  | 302535 | 0 | 0 |

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