Vault-13

THORNBURG INCM BUILDER OPP T TBLD

COM · Closed-End Fund · CUSIP 885213108

48 institutional holders +4 vs Q1 2025
8,493,4708.5m shares reported held*
$166.7mreported value*
8 new 22 added 9 reduced 5 sold out net bought ≈ $8.2m (+416.3k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $19.62.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 37Q4 22: 37Q1 23: 33Q2 23: 40Q3 23: 41Q4 23: 45Q1 24: 49Q2 24: 51Q3 24: 43Q4 24: 53Q1 25: 44Q2 25: 4848Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202237
Q4 202237
Q1 202333
Q2 202340
Q3 202341
Q4 202345
Q1 202449
Q2 202451
Q3 202443
Q4 202453
Q1 202544
Q2 202548

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 26 bought or addedQ3 23: 13 cut or sold outQ4 23: 26 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 30 bought or addedQ1 24: 19 cut or sold outQ2 24: 30 bought or addedQ2 24: 24 cut or sold outQ2 24Q3 24: 21 bought or addedQ3 24: 28 cut or sold outQ4 24: 32 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 20 bought or addedQ1 25: 27 cut or sold outQ2 25: 30 bought or addedQ2 25: 14 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232613
Q4 20232618
Q1 20243019
Q2 20243024
Q3 20242128
Q4 20243214
Q1 20252027
Q2 20253014

Biggest buyers

ROYAL BANK OF CANADA Added +417,145+417.1k
Rockefeller Capital Management L.P. Added +154,029+154.0k
STIFEL FINANCIAL CORP Added +113,337+113.3k
Advisors Asset Management, Inc. Added +66,559+66.6k
RAYMOND JAMES FINANCIAL INC Added +65,755+65.8k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +52,603+52.6k
Hennion & Walsh Asset Management, Inc. New +38,502+38.5k
MORGAN STANLEY Added +37,444+37.4k
UBS Group AG Added +32,839+32.8k
Thomas J. Herzfeld Advisors, Inc. Added +31,132+31.1k

Biggest sellers

Saba Capital Management, L.P. Sold out -550,494-550.5k
WELLS FARGO & COMPANY/MN Reduced -62,948-62.9k
DKM Wealth Management, Inc. Reduced -19,380-19.4k
RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -13,620-13.6k
XTX Topco Ltd Sold out -13,348-13.3k
Invesco Ltd. Reduced -10,729-10.7k
Lokken Investment Group LLC Reduced -7,767-7.8k
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC Reduced -5,100-5.1k
Cambridge Investment Research Advisors, Inc. Reduced -3,979-4.0k
D.A. DAVIDSON & CO. Reduced -2,246-2.2k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
UBS Group AG 13G · institution new · filed 2024-10-31 5.6% new 1.8m≈ $39.8m 2024-10-31

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,079,3992.1m $40.8m $40.8m 0.01% Added +32.8k +32,839
2 DKM Wealth Management, Inc. 16.16% of their portfolio STOCKTON, CA 955,163955.2k $18.7m $18.7m 16.16% Reduced -19.4k -19,380
3 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 826,592826.6k $16.2m $16.2m 0.01% Added +65.8k +65,755
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 757,862757.9k $14.9m $14.9m 0.00% Added +417.1k +417,145
5 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 723,548723.5k $14.2m $14.2m 0.01% Added +113.3k +113,337
6 Advisors Asset Management, Inc. 0.20% of their portfolio Monument, CO 566,631566.6k $11.1m $11.1m 0.20% Added +66.6k +66,559
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 431,678431.7k $8.5m $8.5m 0.00% Added +37.4k +37,444
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 340,192340.2k $6.7m $6.7m 0.00% Reduced -62.9k -62,948
9 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 283,494283.5k $5.6m $5.6m 0.01% Added +154.0k +154,029
10 Thomas J. Herzfeld Advisors, Inc. 1.50% of their portfolio MIAMI BEACH, FL 214,693214.7k $4.2m $4.2m 1.50% Added +31.1k +31,132
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 178,933178.9k $3.5m $3.5m 0.00% Added +3.8k +3,764
12 Kera Capital Partners, Inc. 0.68% of their portfolio SACRAMENTO, CA 174,739174.7k $3.4m $3.4m 0.68% Added +15.0k +14,959
13 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 118,742118.7k $2.3m $2.3m 0.01% Added +887 +887
14 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 87,51887.5k $1.7m $1.7m 0.01% Added +3.6k +3,635
15 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 68,22168.2k $1.3m $1.3m 0.00% Added +4.0k +3,990
16 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 64,86764.9k $1.3m $1.3m 0.01% Reduced -2.2k -2,246
17 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 59,05559.1k $1.2m $1.2m 0.00% Reduced -10.7k -10,729
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 52,60352.6k $1.0m $1.0m 0.00% New
19 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 44,04844.0k $864.2k $864.2k 0.01% Added +1.5k +1,500
20 Lokken Investment Group LLC 0.33% of their portfolio LEWES, DE 43,92243.9k $861.7k $861.7k 0.33% Reduced -7.8k -7,767
21 FINANCIAL MANAGEMENT NETWORK INC 0.16% of their portfolio MISSION VIEJO, CA 43,62743.6k $865.1k $865.1k 0.16% Added +235 +235
22 WEDBUSH SECURITIES INC 0.03% of their portfolio PASADENA, CA 39,03539.0k $766.0k $766.0k 0.03% Added +1.9k +1,927
23 Hennion & Walsh Asset Management, Inc. 0.03% of their portfolio Parsippany, NJ 38,50238.5k $755.4k $755.4k 0.03% New
24 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 30,91630.9k $607.0k $607.0k 0.00% Reduced -4.0k -3,979
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 27,21327.2k $534.1k $534.1k 0.00% Added +1.1k +1,072
26 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.09% of their portfolio BLUE BELL, PA 26,84626.8k $526.7k $526.7k 0.09% Reduced -5.1k -5,100
27 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 22,78522.8k $447.0k $447.0k 0.00% Reduced -250 -250
28 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 20,79120.8k $407.9k $407.9k 0.01% New
29 HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC 0.06% of their portfolio PITTSBURGH, PA 20,50020.5k $402.0k $402.0k 0.06% Unchanged
30 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 19,44319.4k $381.5k $381.5k 0.00% Added +8.5k +8,455
31 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 16,25316.3k $318.9k $318.9k 0.00% Added +1.5k +1,500
32 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 15,96516.0k $313.2k $313.2k 0.01% New
33 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 13,72013.7k $269.2k $269.2k 0.00% Unchanged
34 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 12,02312.0k $235.9k $235.9k 0.00% New
35 SILVER OAK SECURITIES, INCORPORATED 0.02% of their portfolio JACKSON, TN 11,88511.9k $233.2k $233.2k 0.02% Unchanged
36 HICKS CAPITAL MANAGEMENT LLC 0.37% of their portfolio COLUMBUS, OH 11,85611.9k $232.6k $232.6k 0.37% Unchanged
37 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 11,53811.5k $226.4k $226.4k 0.00% Added +1 +1
38 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 11,27811.3k $221.3k $221.3k 0.00% Reduced -980 -980
39 Prosperity Consulting Group, LLC 0.01% of their portfolio OWINGS MILLS, MD 10,00010.0k $196.2k $196.2k 0.01% Unchanged
40 COMERICA BANK 0.00% of their portfolio DALLAS, TX 6,2006.2k $121.6k $121.6k 0.00% Unchanged
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,1096.1k $119.9k $119.9k 0.00% New
42 SOA Wealth Advisors, LLC. 0.01% of their portfolio NEW YORK, NY 1,6291.6k $32.0k $32.0k 0.01% Added +9 +9
43 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.00% of their portfolio INDIANAPOLIS, IN 1,2501.2k $24.5k $24.5k 0.00% Added +1.0k +1,000
44 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 1,0001.0k $19.6k $19.6k 0.00% New
45 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 697697 $13.7k $13.7k 0.00% First filing
46 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 500500 $9.8k $9.8k 0.00% New
47 CWM, LLC 0.00% of their portfolio OMAHA, NE 99 $0 $0 0.00% Unchanged
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged