TAOZ Thornburg American Opportunities Fund ETF Class
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Thornburg American Opportunities Fund ETF Class (TAOZ) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2026-03-31
- Has Options
- No
- Expense ratio
- 0.79% prospectus, filed Mar 27, 2026
- Assets
- —
- Trailing yield
- —
- Average daily volume
- $237K 30 sessions
- Holdings
- 44 top 10 are 40.1%
- Listed
- Mar 31, 2026 Nasdaq
Moves with. US large-cap stocks (70% of its variance, beta 0.93); Gold (4% of its variance, beta 0.05); Bitcoin (4% of its variance, beta 0.03). These factors explain 68% of its daily moves over the last year.
Stated objective. The Fund seeks long-term capital appreciation by investing in equity and debt securities of all types. (from the fund's prospectus)
All 44 holdingsFlow historySimilar fundsOverlap toolAll Global ETFs
- Jun 2026
- −$2.8M latest reported month
- Latest 3 months
- −$13M −2.6% of assets
- Latest 12 months
- −$55M −11.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$2.8M |
| May 2026 | −$1.8M |
| Apr 2026 | −$8.1M |
| Mar 2026 | −$3.3M |
| Feb 2026 | −$3.7M |
| Jan 2026 | −$6.8M |
| Dec 2025 | −$5.4M |
| Nov 2025 | −$5.9M |
| Oct 2025 | −$4.7M |
| Sep 2025 | −$3.4M |
| Aug 2025 | −$4.7M |
| Jul 2025 | −$4.4M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| RNDFirst Trust Bloomberg R&D Leaders ETF | 26% | 0.60% | $9.5M | +2.6% | compare |
| CLCGCrossmark Large Cap Growth ETF | 25% | 0.50% | $28M | −5.0% | compare |
| SXQGETC 6 Meridian Quality Growth ETF | 24% | 0.55% | $58M | −3.0% | compare |
| FELGFidelity Enhanced Large Cap Growth ETF | 23% | 0.18% | $5.1B | −5.0% | compare |
| VSLUApplied Finance Valuation Large Cap ETF | 23% | 0.49% | $579M | +9.0% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +9.5% 41% under, 20% over · 70% covered
- Price / earnings
- 21.5 4% loss-making · 65% covered
- Price / book · sales
- 3.8 · 2.8 revenue growth +11.4%
- Above 200-day average
- 34% 46% above 50-day · by weight
- Short interest
- 3.2% of float, weighted · 3.1 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 36% net selling
- 13F holders
- +5.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 1.3% of weight in 7 days; 2.7% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | Thornburg Capital Management Fund | 14.72% | 2.04% | −80.8% |
| New position | GOOGLAlphabet Inc | — | 5.51% | — |
| New position | AAPLApple Inc | — | 4.91% | — |
| New position | Round One Corp | — | 3.96% | — |
| New position | Samsung Electronics Co Ltd | — | 3.88% | — |
| Exit | VRTVertiv Holdings Co | 3.64% | — | — |
| Exit | MTSIMACOM Technology Solutions Holdings Inc | 3.54% | — | — |
| Exit | DCODucommun Inc | 3.40% | — | — |
| New position | SCHWCharles Schwab Corp/The | — | 3.37% | — |
| New position | METAMeta Platforms Inc | — | 3.32% | — |
29 new, 26 exited, 8 increased and 2 decreased between the fund's two latest holdings reports; turnover 70.4%. Full holdings and history
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| GOOGL | Alphabet Inc | 5.51% | Equity (common) | US |
| AAPL | Apple Inc | 4.91% | Equity (common) | US |
| LLY | Eli Lilly & Co | 4.40% | Equity (common) | US |
| COHR | Coherent Corp | 4.29% | Equity (common) | US |
| — | Round One Corp | 3.96% | Equity (common) | JP |
| — | Samsung Electronics Co Ltd | 3.88% | Equity (preferred) | KR |
| CIGI | Colliers International Group Inc | 3.40% | Equity (common) | CA |
| SCHW | Charles Schwab Corp/The | 3.37% | Equity (common) | US |
| META | Meta Platforms Inc | 3.32% | Equity (common) | US |
| C | Citigroup Inc | 3.04% | Equity (common) | US |
| NFLX | Netflix Inc | 2.84% | Equity (common) | US |
| TLN | Talen Energy Corp | 2.79% | Equity (common) | US |
| LPLA | LPL Financial Holdings Inc | 2.77% | Equity (common) | US |
| IQV | IQVIA Holdings Inc | 2.72% | Equity (common) | US |
| — | Arca Continental SAB de CV | 2.72% | Equity (common) | MX |
| CNSWF | Constellation Software Inc/Canada | 2.66% | Equity (common) | CA |
| — | SharkNinja Inc | 2.64% | Equity (common) | KY |
| — | Marex Group PLC | 2.31% | Equity (common) | GB |
| UBER | Uber Technologies Inc | 2.31% | Equity (common) | US |
| LMGIF | Lumine Group Inc | 2.06% | Equity (common) | CA |
| — | Thornburg Capital Management Fund | 2.04% | Equity (common) | US |
| TRU | TransUnion | 2.04% | Equity (common) | US |
| BKNG | Booking Holdings Inc | 2.02% | Equity (common) | US |
| MA | Mastercard Inc | 2.02% | Equity (common) | US |
| — | Capital Power Corp | 1.80% | Equity (common) | CA |
| — | Medtronic PLC | 1.76% | Equity (common) | IE |
| — | Techtronic Industries Co Ltd | 1.73% | Equity (common) | HK |
| PGR | Progressive Corp/The | 1.64% | Equity (common) | US |
| SHEL | Shell PLC | 1.60% | Equity (common) | GB |
| LHX | L3Harris Technologies Inc | 1.57% | Equity (common) | US |
| — | Deutsche Telekom AG | 1.50% | Equity (common) | DE |
| CCC | CCC Intelligent Solutions Holdings Inc | 1.47% | Equity (common) | US |
| BLDR | Builders FirstSource Inc | 1.38% | Equity (common) | US |
| TJX | TJX Cos Inc/The | 1.37% | Equity (common) | US |
| — | Teleperformance SE | 1.33% | Equity (common) | FR |
| SGI | Somnigroup International Inc | 1.31% | Equity (common) | US |
| — | TotalEnergies SE | 1.23% | Equity (common) | FR |
| DECK | Deckers Outdoor Corp | 1.21% | Equity (common) | US |
| RF | Regions Financial Corp | 1.11% | Equity (common) | US |
| COF | Capital One Financial Corp | 1.06% | Equity (common) | US |
| RJF | Raymond James Financial Inc | 1.03% | Equity (common) | US |
| ADBE | Adobe Inc | 1.03% | Equity (common) | US |
| SLB | SLB Ltd | 0.69% | Equity (common) | CW |
| TMUS | T-Mobile US Inc | 0.22% | Equity (common) | US |
| Month | '26 | Avg |
|---|---|---|
| Jan | -- | -- |
| Feb | -- | -- |
| Mar | -- | -- |
| Apr | 4.85% | 4.85% |
| May | 1.51% | 1.51% |
| Jun | -0.25% | -0.25% |
| Jul | 1.23% | 1.23% |
| Aug | 2.78% | 2.78% |
| Sep | -3.73% | -3.73% |
| Oct | 1.29% | 1.29% |
| Nov | 1.23%* | 1.23% |
| Dec | -- | -- |
| Total | 9.04% | 9.04% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: TAOZ
Executive Summary
Overall Assessment: NEUTRAL with confidence level (6/10)
Key Drivers:
- Bullish momentum signals from MACD and ADX
- Neutral RSI reading, indicating no clear trend
Primary Risks:
- Low volatility could indicate low trading activity
- No recent news headlines available for analysis
Investment Thesis: TAOZ is in a neutral zone, with bullish momentum signals and low volatility. Further research and monitoring are necessary to determine the next price direction.
Recent News Sentiment Impact: No recent news headlines available for analysis.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Trendless, but leaning towards an uptrend
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- Key price levels from moving averages and technical patterns:
- SMA 20: $91.69
- EMA 12: $92.03
- Upper Bollinger Band: $94.11
- Resistance levels: $94.11, $95.50 (S1), $97.00 (S2)
Momentum Signals:
- RSI interpretation: Neutral (58.04)
- MACD signal: Bullish momentum (1.06 / Signal: -0.15 / Histogram: 1.21)
- Bollinger Bands position: Squeeze, indicating a potential breakout
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available for analysis.
Sentiment Assessment: Neutral sentiment due to lack of recent news.
Catalyst Identification: No upcoming events or product launches announced.
Market Narrative: No clear market narrative can be established without recent news.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta 0.62)
Volatility Regime: Low volatility, indicating a stable price movement.
Options Market Signals: IV premium vs HV30: N/A (positive), indicating a relatively calm options market.
Downside Protection: Support levels and risk management considerations: + SMA 20: $91.69 + EMA 12: $92.03 + Lower Bollinger Band: $89.28
Market Context & Positioning
Sector Performance: No sector-specific data available for analysis.
Institutional Activity: No volume patterns suggesting institutional interest.
Correlation Analysis: Correlation with market (SPY): 0.65, indicating a relatively strong relationship.
Relative Valuation: Position within trading range:
- Upper: $94.11
- Middle: $91.69
- Lower: $89.28
Key Levels & Action Items
Critical Price Levels: Support/resistance levels to monitor: + SMA 20: $91.69 + EMA 12: $92.03 + Upper Bollinger Band: $94.11
- Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Resistance: $95.50 (S1), $97.00 (S2)
- Support: $89.28
- Time-Sensitive Catalysts: No upcoming events or product launches announced.
- Risk Management: Stop-loss levels and position sizing considerations:
- SMA 20: $91.69
- EMA 12: $92.03
- Lower Bollinger Band: $89.28
TAOZ Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Loading the implied volatility surface…
Loading the implied volatility smile…
Risk Metrics
Analysis Details
Data Points: 152
Period: 252 trading days
Low volatility - stock moves less than market
TAOZ Institutional Ownership (13F)
Filings for 2026-06-30 · 5 already for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| GOOGL | Alphabet Inc | 5.51% | $288.15 | +1.18% | +3.28% | -18.31% |
| AAPL | Apple Inc | 4.91% | $350.69 | +2.43% | +3.66% | +2.85% |
| LLY | Eli Lilly & Co | 4.40% | $1411.95 | +4.28% | +0.07% | +19.39% |
| COHR | Coherent Corp | 4.29% | $225.19 | +16.79% | +12.62% | -21.81% |
| CIGI | Colliers International Group Inc | 3.40% | $95.69 | +0.93% | -8.30% | +10.75% |
| SCHW | Charles Schwab Corp/The | 3.37% | $92.73 | +1.36% | +4.53% | -4.46% |
| META | Meta Platforms Inc | 3.32% | $641.37 | +5.12% | +5.71% | -13.67% |
| C | Citigroup Inc | 3.04% | $121.97 | +2.45% | -0.92% | -7.54% |
| NFLX | Netflix Inc | 2.84% | $63.95 | +0.85% | +2.58% | -9.43% |
| TLN | Talen Energy Corp | 2.79% | $363.13 | +7.23% | +9.05% | -4.38% |
| LPLA | LPL Financial Holdings Inc | 2.77% | $305.49 | +3.38% | +2.30% | -7.46% |
| IQV | IQVIA Holdings Inc | 2.72% | $278.84 | +2.58% | +7.89% | +6.34% |
| UBER | Uber Technologies Inc | 2.31% | $71.17 | +3.76% | +6.69% | -0.46% |
| TRU | TransUnion | 2.04% | $83.11 | +2.38% | +4.90% | +25.79% |
| BKNG | Booking Holdings Inc | 2.02% | $163.49 | +1.76% | +6.33% | +3.19% |
| MA | Mastercard Inc | 2.02% | $655.81 | +0.48% | -0.35% | +10.20% |
| PGR | Progressive Corp/The | 1.64% | $227.52 | -0.11% | -2.74% | +3.29% |
| SHEL | Shell PLC | 1.60% | $98.88 | -0.21% | -5.77% | -2.67% |
| LHX | L3Harris Technologies Inc | 1.57% | $271.42 | +4.44% | -2.70% | +13.92% |
| CCC | CCC Intelligent Solutions Holdings Inc | 1.47% | $7.69 | +0.13% | +0.13% | +1.32% |
| BLDR | Builders FirstSource Inc | 1.38% | $65.97 | +5.48% | -2.73% | +26.52% |
| TJX | TJX Cos Inc/The | 1.37% | $138.13 | +2.09% | -2.04% | -2.67% |
| SGI | Somnigroup International Inc | 1.31% | $66.27 | +3.27% | -0.23% | +6.20% |
| DECK | Deckers Outdoor Corp | 1.21% | $90.43 | +4.29% | +6.39% | +7.31% |
| RF | Regions Financial Corp | 1.11% | $28.93 | +2.19% | -0.14% | +5.70% |
| COF | Capital One Financial Corp | 1.06% | $198.58 | -1.63% | -5.78% | -1.27% |
| RJF | Raymond James Financial Inc | 1.03% | $167.8 | +3.06% | +3.39% | +5.77% |
| ADBE | Adobe Inc | 1.03% | $237.32 | -0.83% | -5.63% | -0.34% |
| SLB | SLB Ltd | 0.69% | $50.38 | +0.92% | -3.69% | +3.30% |
| TMUS | T-Mobile US Inc | 0.22% | $168.71 | +4.14% | +5.34% | +11.09% |