Thornburg Investment Management Inc Buys Alibaba Group Holding, PTC Inc, The Kraft Heinz Co, Sells JD.com Inc, Blackstone Group LP, Baidu Inc

• New Purchases: PTC, CLNS, OCPNY, OMRNY, CRZBY, DB, AKRX, SLB, ANIOY, DMLRY,
• Added Positions: BABA, KHC, CTL, CP, LVS, YNDX, CVS, YUMC, GILD, C,
• Reduced Positions: JD, BIDU, CME, JPM, RDS.A, PFE, HD, APO, AAPL, V,
• Sold Out: BX, KKR, NSAM, VER, CDW, DDAIY, SBAC, GIL, DX, EFA,

For the details of THORNBURG INVESTMENT MANAGEMENT INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=THORNBURG+INVESTMENT+MANAGEMENT+INC

1. JPMorgan Chase & Co (JPM) - 6,149,419 shares, 4.4% of the total portfolio. Shares reduced by 16.01%
2. CME Group Inc (CME) - 3,801,203 shares, 3.68% of the total portfolio. Shares reduced by 19.45%
3. Royal Dutch Shell PLC (RDS.A) - 7,478,337 shares, 3.21% of the total portfolio. Shares reduced by 19.85%
4. The Home Depot Inc (HD) - 2,105,555 shares, 2.52% of the total portfolio. Shares reduced by 21.88%
5. Merck & Co Inc (MRK) - 4,689,488 shares, 2.43% of the total portfolio. Shares reduced by 4.6%

Thornburg Investment Management Inc initiated holdings in PTC Inc. The purchase prices were between $46.64 and $56.43, with an estimated average price of $52.87. The stock is now traded at around $53.81. The impact to the portfolio due to this purchase was 0.89%. The holdings were 2,077,444 shares as of 2017-03-31.

Thornburg Investment Management Inc initiated holdings in Colony NorthStar Inc. The purchase prices were between $12.87 and $21.77, with an estimated average price of $14.6. The stock is now traded at around $13.15. The impact to the portfolio due to this purchase was 0.5%. The holdings were 4,798,161 shares as of 2017-03-31.

Thornburg Investment Management Inc initiated holdings in Commerzbank AG. The purchase prices were between $7.54 and $9.5, with an estimated average price of $8.42. The stock is now traded at around $10.34. The impact to the portfolio due to this purchase was 0.21%. The holdings were 2,862,198 shares as of 2017-03-31.

Thornburg Investment Management Inc initiated holdings in Olympus Corp. The purchase prices were between $34.36 and $39.27, with an estimated average price of $35.94. The stock is now traded at around $37.63. The impact to the portfolio due to this purchase was 0.21%. The holdings were 677,715 shares as of 2017-03-31.

Thornburg Investment Management Inc initiated holdings in OMRON Corp. The purchase prices were between $38.48 and $45.51, with an estimated average price of $42.81. The stock is now traded at around $41.53. The impact to the portfolio due to this purchase was 0.21%. The holdings were 592,964 shares as of 2017-03-31.

Thornburg Investment Management Inc initiated holdings in Deutsche Bank AG. The purchase prices were between $15.87 and $18, with an estimated average price of $16.83. The stock is now traded at around $19.07. The impact to the portfolio due to this purchase was 0.2%. The holdings were 1,436,323 shares as of 2017-03-31.

Thornburg Investment Management Inc added to the holdings in Alibaba Group Holding Ltd by 230.48%. The purchase prices were between $88.6 and $109.51, with an estimated average price of $101.77. The stock is now traded at around $119.29. The impact to the portfolio due to this purchase was 1.11%. The holdings were 1,808,095 shares as of 2017-03-31.

Thornburg Investment Management Inc added to the holdings in The Kraft Heinz Co by 9061.92%. The purchase prices were between $85.91 and $96.65, with an estimated average price of $90.13. The stock is now traded at around $89.28. The impact to the portfolio due to this purchase was 0.84%. The holdings were 1,145,240 shares as of 2017-03-31.

Thornburg Investment Management Inc added to the holdings in CenturyLink Inc by 107.80%. The purchase prices were between $22.45 and $26.06, with an estimated average price of $24.4. The stock is now traded at around $24.85. The impact to the portfolio due to this purchase was 0.65%. The holdings were 6,521,497 shares as of 2017-03-31.

Thornburg Investment Management Inc added to the holdings in Canadian Pacific Railway Ltd by 54.31%. The purchase prices were between $141.43 and $154.65, with an estimated average price of $148.48. The stock is now traded at around $155.12. The impact to the portfolio due to this purchase was 0.55%. The holdings were 1,295,958 shares as of 2017-03-31.

Thornburg Investment Management Inc added to the holdings in Las Vegas Sands Corp by 39.00%. The purchase prices were between $51.69 and $57.36, with an estimated average price of $54.42. The stock is now traded at around $57.66. The impact to the portfolio due to this purchase was 0.55%. The holdings were 4,187,059 shares as of 2017-03-31.

Thornburg Investment Management Inc added to the holdings in Yandex NV by 88.43%. The purchase prices were between $20.43 and $24.66, with an estimated average price of $22.79. The stock is now traded at around $27.48. The impact to the portfolio due to this purchase was 0.52%. The holdings were 6,231,603 shares as of 2017-03-31.

Thornburg Investment Management Inc sold out the holdings in Blackstone Group LP. The sale prices were between $28.12 and $31.3, with an estimated average price of $30.08.

Thornburg Investment Management Inc sold out the holdings in KKR & Co LP. The sale prices were between $15.83 and $18.43, with an estimated average price of $17.77.

Thornburg Investment Management Inc sold out the holdings in NorthStar Asset Management Group Inc. The sale prices were between $15.69 and $16, with an estimated average price of $15.86.

Thornburg Investment Management Inc sold out the holdings in VEREIT Inc. The sale prices were between $8.26 and $9.12, with an estimated average price of $8.62.

Thornburg Investment Management Inc sold out the holdings in CDW Corp. The sale prices were between $51.04 and $60.6, with an estimated average price of $56.28.

Thornburg Investment Management Inc sold out the holdings in Daimler AG. The sale prices were between $71.2 and $77.9, with an estimated average price of $74.56.

Thornburg Investment Management Inc reduced to the holdings in JD.com Inc by 99.99%. The sale prices were between $25.82 and $31.72, with an estimated average price of $29.43. The stock is now traded at around $38.50. The impact to the portfolio due to this sale was -1.61%. Thornburg Investment Management Inc still held 756 shares as of 2017-03-31.

Thornburg Investment Management Inc reduced to the holdings in Baidu Inc by 38.24%. The sale prices were between $168.26 and $186.01, with an estimated average price of $175.99. The stock is now traded at around $182.14. The impact to the portfolio due to this sale was -0.85%. Thornburg Investment Management Inc still held 1,079,260 shares as of 2017-03-31.

Thornburg Investment Management Inc reduced to the holdings in Pfizer Inc by 54.75%. The sale prices were between $31.15 and $34.63, with an estimated average price of $33.23. The stock is now traded at around $33.40. The impact to the portfolio due to this sale was -0.7%. Thornburg Investment Management Inc still held 2,293,853 shares as of 2017-03-31.

Thornburg Investment Management Inc reduced to the holdings in The Home Depot Inc by 21.88%. The sale prices were between $133.53 and $149.6, with an estimated average price of $141.83. The stock is now traded at around $157.44. The impact to the portfolio due to this sale was -0.61%. Thornburg Investment Management Inc still held 2,105,555 shares as of 2017-03-31.

Thornburg Investment Management Inc reduced to the holdings in Apollo Global Management LLC by 70.64%. The sale prices were between $19.68 and $24.32, with an estimated average price of $22.3. The stock is now traded at around $27.01. The impact to the portfolio due to this sale was -0.58%. Thornburg Investment Management Inc still held 1,615,318 shares as of 2017-03-31.

Thornburg Investment Management Inc reduced to the holdings in Apple Inc by 52.51%. The sale prices were between $116.02 and $144.12, with an estimated average price of $131.71. The stock is now traded at around $154.42. The impact to the portfolio due to this sale was -0.56%. Thornburg Investment Management Inc still held 567,131 shares as of 2017-03-31.