Thornburg Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACERINOX SA-UNSPON ADR	ADR	00444E103	19,588	2,712,966	SH		SOLE		2,493,620	0	219,346
ACTIVISION BLIZZARD INC	COM	00507V109	31,520	497,793	SH		SOLE		472,235	0	25,558
ACUITY BRANDS INC	COM	00508Y102	14,787	84,016	SH		SOLE		84,016	0	0
ACUSHNET HOLDINGS CORP	COM	005098108	23,146	1,098,010	SH		SOLE		1,044,747	0	53,263
ADIDAS AG-SPONSORED ADR	ADR	00687A107	10,009	100,275	SH		SOLE		99,209	0	1,066
ADIENT PLC	COM	G0084W101	4,797	60,959	SH		SOLE		60,959	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	12,150	59,197	SH		SOLE		59,197	0	0
AGRIBANK FCB	PFD	00850L203	4,382	40,000	SH		SOLE		40,000	0	0
AKORN INC	COM	009728106	10,650	330,440	SH		SOLE		314,724	0	15,716
ALEXION PHARMACEUTICALS INC	COM	015351109	13,934	116,511	SH		SOLE		116,511	0	0
ALIBABA GROUP HOLDING-SP ADR	ADR	01609W102	123,462	716,013	SH		SOLE		707,462	0	8,551
ALKERMES PLC	COM	G01767105	180,223	3,292,950	SH		SOLE		3,234,409	0	58,541
ALLERGAN PLC	COM	G0177J108	83	505	SH		SOLE		505	0	0
ALPHABET INC-CL A	COM	02079K305	204,570	194,200	SH		SOLE		194,200	0	0
ALPHABET INC-CL C	COM	02079K107	91,227	87,182	SH		SOLE		83,841	0	3,341
ALSEA SAB DE CV	COM	P0212A104	4,944	1,502,798	SH		SOLE		1,486,957	0	15,841
ALTICE USA INC- A	COM	02156K103	42,320	1,993,416	SH		SOLE		1,993,416	0	0
AMAZON.COM INC	COM	023135106	20,281	17,342	SH		SOLE		17,342	0	0
AMS AG - UNSPON DR	ADR	03217C106	13,828	309,915	SH		SOLE		285,733	0	24,182
ANHEUSER-BUSCH INBEV-SPN ADR	ADR	03524A108	170	1,528	SH		SOLE		1,528	0	0
APOLLO GLOBAL MANAGEMENT - A	COM	037612306	34,359	1,026,554	SH		SOLE		969,842	0	56,712
APOLLO INVESTMENT CORP	COM	03761U106	140,530	24,828,541	SH		SOLE		24,828,541	0	0
APPLE INC	COM	037833100	73,304	433,162	SH		SOLE		409,435	0	23,727
APPLIED MATERIALS INC	COM	038222105	13,159	257,409	SH		SOLE		257,409	0	0
ARAMARK	COM	03852U106	37,214	870,707	SH		SOLE		828,783	0	41,924
ARES CAPITAL CORP	COM	04010L103	240,606	15,305,715	SH		SOLE		15,305,715	0	0
ARRIS INTERNATIONAL PLC	COM	G0551A103	29,734	1,157,425	SH		SOLE		1,101,210	0	56,215
ASOS PLC-UNSP ADR	ADR	00212V105	9,456	102,908	SH		SOLE		101,841	0	1,067
ASSURED GUARANTY LTD	COM	G0585R106	49,178	1,451,956	SH		SOLE		1,383,456	0	68,500
AT&T INC	COM	00206R102	309,175	7,952,029	SH		SOLE		7,952,029	0	0
AUTO TRADER GROUP-UNSP ADR	ADR	05277E104	10,725	9,245,621	SH		SOLE		9,143,587	0	102,034
B&M EUROPEAN VALUE-UNSP ADR	ADR	05590Y100	11,026	480,010	SH		SOLE		474,917	0	5,093
BAIDU INC - SPON ADR	ADR	056752108	191,912	819,400	SH		SOLE		818,969	0	431
BAKER HUGHES A GE CO	COM	05722G100	30,192	954,249	SH		SOLE		954,249	0	0
BANK OF N.T. BUTTERFIELD&SON	COM	G0772R208	1,673	46,096	SH		SOLE		46,096	0	0
BAYER AG-SPONSORED ADR	ADR	072730302	16,546	532,186	SH		SOLE		526,541	0	5,645
BBVA BANCO FRANCES SA-ADR	ADR	07329M100	23,775	943,452	SH		SOLE		943,452	0	0
BLUE BUFFALO PET PRODUCTS IN	COM	09531U102	11,330	345,525	SH		SOLE		345,525	0	0
BNP PARIBAS-ADR	ADR	05565A202	512	13,701	SH		SOLE		13,272	0	429
BOOZT AB-UNSPONSORED ADR	ADR	054781109	4,924	531,195	SH		SOLE		525,209	0	5,986
BRF SA-ADR	ADR	10552T107	14,726	1,307,834	SH		SOLE		1,198,780	0	109,054
BRILLIANCE CHINA AUTOMOT-ADR	ADR	10949Q204	27,575	207,723	SH		SOLE		191,315	0	16,408
BRITISH AMERICAN TOB-SP ADR	ADR	110448107	200,000	2,985,518	SH		SOLE		2,954,257	0	31,261
CALLAWAY GOLF COMPANY	COM	131193104	19,947	1,431,921	SH		SOLE		1,372,997	0	58,924
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	232,506	1,272,192	SH		SOLE		1,261,103	0	11,089
CAPITAL ONE FINANCIAL CORP	COM	14040H105	139,554	1,401,429	SH		SOLE		1,401,429	0	0
CARSALES.COM LTD-UNSP ADR	ADR	14575D107	10,212	445,164	SH		SOLE		440,572	0	4,592
CASA SYSTEMS INC	COM	14713L102	7,992	450,000	SH		SOLE		387,600	0	62,400
CAVIUM INC	COM	14964U108	4,108	49,000	SH		SOLE		49,000	0	0
CBRE GROUP INC - A	COM	12504L109	12,569	290,219	SH		SOLE		277,785	0	12,434
CENTAUR FUNDING CORP	PFD	151327202	19,865	17,380	SH		SOLE		17,380	0	0
CENTURYLINK INC	COM	156700106	78,995	4,735,903	SH		SOLE		4,735,903	0	0
CF INDUSTRIES HOLDINGS INC	COM	125269100	160,145	3,764,568	SH		SOLE		3,764,568	0	0
CHIMERA INVESTMENT CORP	COM	16934Q208	87,780	4,750,000	SH		SOLE		4,750,000	0	0
CHINA MOBILE LTD-SPON ADR	ADR	16941M109	24,165	478,128	SH		SOLE		408,831	0	69,297
CHINA PETROLEUM & CHEM-ADR	ADR	16941R108	29,540	402,614	SH		SOLE		370,579	0	32,035
CHINA UNICOM HONG KONG-ADR	ADR	16945R104	26,275	1,942,005	SH		SOLE		1,781,325	0	160,680
CIELO SA-SPONSORED ADR	ADR	171778202	22,130	3,108,079	SH		SOLE		2,960,785	0	147,294
CITIGROUP INC	COM	172967424	227,166	3,052,891	SH		SOLE		3,010,420	0	42,471
CITIZENS FINANCIAL GROUP	COM	174610105	21,225	505,593	SH		SOLE		485,610	0	19,983
CME GROUP INC	COM	12572Q105	584,622	4,002,886	SH		SOLE		4,002,886	0	0
COBANK ACB	PFD	19075Q805	5,437	50,000	SH		SOLE		50,000	0	0
COGNIZANT TECH SOLUTIONS-A	COM	192446102	20,668	291,022	SH		SOLE		279,565	0	11,457
COLONY NORTHSTAR INC-CLASS A	COM	19625W104	160,721	14,085,949	SH		SOLE		14,085,949	0	0
COLOPLAST AS- UNSPON ADR	ADR	19624Y101	5,226	661,936	SH		SOLE		654,974	0	6,962
COMCAST CORP-CLASS A	COM	20030N101	14,312	357,361	SH		SOLE		357,361	0	0
COMMERZBANK AG-SPONS ADR	ADR	202597605	43,110	2,887,486	SH		SOLE		2,668,012	0	219,474
COMPAGNIE DE SAINT-UNSP ADR	ADR	204280309	27,826	2,528,479	SH		SOLE		2,332,778	0	195,701
CONCHO RESOURCES INC	COM	20605P101	11,766	78,328	SH		SOLE		78,328	0	0
CONVATEC GROUP PLC-UNSP ADR	ADR	21244X109	11,540	1,032,229	SH		SOLE		944,659	0	87,570
CREDIT SUISSE GROUP-SPON ADR	ADR	225401108	41,319	2,314,785	SH		SOLE		2,138,545	0	176,240
CRESTWOOD EQUITY PARTNER	PFD	226344307	23,604	2,487,250	SH		SOLE		2,487,250	0	0
CRITEO SA-SPON ADR	ADR	226718104	25,814	991,696	SH		SOLE		990,017	0	1,679
CROWN CASTLE INTL CORP	COM	22822V101	225,207	2,028,712	SH		SOLE		2,028,712	0	0
CTRIP.COM INTERNATIONAL-ADR	ADR	22943F100	211,118	4,787,249	SH		SOLE		4,730,946	0	56,303
CVS HEALTH CORP	COM	126650100	124,958	1,723,560	SH		SOLE		1,723,560	0	0
DAIKIN INDUSTRIES-UNSPON ADR	ADR	23381B106	29,180	123,034	SH		SOLE		113,703	0	9,331
DANONE-SPONS ADR	ADR	23636T100	33,774	2,013,927	SH		SOLE		1,901,403	0	112,524
DAVITA INC	COM	23918K108	16,379	226,696	SH		SOLE		226,696	0	0
DELPHI TECHNOLOGIES PLC	COM	G2709G107	6,354	121,093	SH		SOLE		121,093	0	0
DEUTSCHE TELEKOM AG-SPON ADR	ADR	251566105	20,927	1,184,931	SH		SOLE		1,094,752	0	90,179
DEVON ENERGY CORP	COM	25179M103	42,779	1,033,300	SH		SOLE		986,741	0	46,559
DEXCOM INC	COM	252131107	16,983	295,918	SH		SOLE		295,918	0	0
DOLLAR GENERAL CORP	COM	256677105	6,413	68,946	SH		SOLE		68,946	0	0
DOLLAR TREE INC	COM	256746108	6,435	59,969	SH		SOLE		59,969	0	0
DOMINO'S PIZZA E-UNSPON ADR	ADR	25754L108	2,918	157,837	SH		SOLE		156,120	0	1,717
DOMINOS PIZZA UK & IRL-ADR	ADR	25754W104	19,587	2,053,161	SH		SOLE		1,894,273	0	158,888
ECHOSTAR CORP-A	COM	278768106	122,056	2,037,668	SH		SOLE		2,021,823	0	15,845
EDENRED SA-UNSP ADR	ADR	279655104	12,709	876,761	SH		SOLE		867,661	0	9,100
EDF-UNSPON ADR	ADR	285039103	37,743	15,500,124	SH		SOLE		14,272,063	0	1,228,061
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	44,156	1,665,629	SH		SOLE		1,564,256	0	101,373
EQUINIX INC	COM	29444U700	303	668	SH		SOLE		668	0	0
ESSILOR INTL-UNSPON ADR	ADR	297284200	8,604	124,737	SH		SOLE		123,443	0	1,294
EVOLENT HEALTH INC - A	COM	30050B101	19,026	1,546,816	SH		SOLE		1,475,876	0	70,940
EVOLUTION GAMING GROUP-ADR	ADR	30051E104	5,437	152,938	SH		SOLE		151,334	0	1,604
EXPEDIA INC	COM	30212P303	38,854	324,401	SH		SOLE		310,824	0	13,577
EZCORP INC-CL A	COM	302301106	1,464	120,000	SH		SOLE		120,000	0	0
FACEBOOK INC-A	COM	30303M102	240,464	1,362,709	SH		SOLE		1,344,471	0	18,238
FARM CREDIT BANK/TEXAS	PFD	30767E307	11,950	10,000	SH		SOLE		10,000	0	0
FERROVIAL SA-UNSPONSORED ADR	ADR	315437103	33,394	1,475,016	SH		SOLE		1,362,736	0	112,280
FIRST TENNESSEE BANK	PFD	337158208	9,600	12,000	SH		SOLE		12,000	0	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	24,440	127,008	SH		SOLE		127,008	0	0
FOMENTO ECONOMICO MEX-SP ADR	ADR	344419106	44,019	468,784	SH		SOLE		467,462	0	1,322
FORTIS INC	COM	349553107	26,855	732,336	SH		SOLE		695,489	0	36,847
FOUR SEASONS EDUCATION CAYMA	ADR	35101A101	2,162	240,230	SH		SOLE		240,230	0	0
FRESENIUS MEDICAL CARE-ADR	ADR	358029106	12,501	237,891	SH		SOLE		235,411	0	2,480
FRESENIUS SE & CO-SPN ADR	ADR	35804M105	25,209	1,297,444	SH		SOLE		1,194,260	0	103,184
GALAXY ENTERTAINMENT GROUP L	COM	Y2679D118	17,518	2,184,154	SH		SOLE		2,161,560	0	22,594
GENERAL ELECTRIC CO	COM	369604103	139,118	7,972,392	SH		SOLE		7,809,270	0	163,122
GILEAD SCIENCES INC	COM	375558103	89,083	1,243,485	SH		SOLE		1,189,103	0	54,382
GLOBALSTAR INC	COM	378973408	811	618,731	SH		SOLE		618,731	0	0
GLOBANT SA	COM	L44385109	11,178	240,586	SH		SOLE		240,586	0	0
GRANITE POINT MORTGAGE TRUST	COM	38741L107	25,155	1,417,964	SH		SOLE		1,417,964	0	0
GRIFOLS SA-ADR	ADR	398438408	9,381	409,280	SH		SOLE		405,044	0	4,236
HALLIBURTON CO	COM	406216101	222,141	4,545,547	SH		SOLE		4,502,165	0	43,382
HARGREAVES LANSDOWN PLC	COM	G43940108	7,421	304,435	SH		SOLE		301,305	0	3,130
HDFC BANK LTD-ADR	ADR	40415F101	14,441	142,037	SH		SOLE		142,037	0	0
HELMERICH & PAYNE	COM	423452101	130,012	2,011,323	SH		SOLE		2,011,323	0	0
HOME DEPOT INC	COM	437076102	379,268	2,001,100	SH		SOLE		2,001,100	0	0
HP INC	COM	40434L105	34,527	1,643,344	SH		SOLE		1,557,467	0	85,877
IBERDROLA SA-SPONSORED ADR	ADR	450737101	26,469	855,622	SH		SOLE		791,875	0	63,747
ICICI BANK LTD-SPON ADR	ADR	45104G104	37,029	3,805,667	SH		SOLE		3,805,667	0	0
INFINEON TECHNOLOGIES-ADR	ADR	45662N103	39,065	1,432,252	SH		SOLE		1,323,119	0	109,133
ING GROEP N.V.-SPONSORED ADR	ADR	456837103	7,913	428,635	SH		SOLE		424,150	0	4,485
INGENICO GROUP - UNSP ADR	ADR	45684W107	5,338	248,982	SH		SOLE		246,446	0	2,536
INOGEN INC	COM	45780L104	6,353	53,354	SH		SOLE		53,354	0	0
INTESA SANPAOLO-SPON ADR	ADR	46115H107	928	46,512	SH		SOLE		44,898	0	1,614
INTL FLAVORS & FRAGRANCES	COM	459506101	13,946	91,385	SH		SOLE		86,459	0	4,926
ISHARES MSCI ACWI EX US INDX	ETF	464288240	136	2,721	SH		SOLE		2,721	0	0
ISHARES MSCI EAFE ETF	ETF	464287465	4,210	59,884	SH		SOLE		52,925	0	6,959
ISHARES MSCI EAFE VALUE ETF	ETF	464288877	84	1,526	SH		SOLE		1,526	0	0
ISHARES RUSSELL 1000 VALUE	ETF	464287598	1,056	8,492	SH		SOLE		8,492	0	0
ITAU UNIBANCO H-SPON PRF ADR	ADR	465562106	112,490	8,653,063	SH		SOLE		8,653,063	0	0
ITT INC	COM	45073V108	22,207	416,104	SH		SOLE		396,994	0	19,110
JAPAN EXCHANGE GROUP INC-ADR	ADR	471059105	9,830	1,127,279	SH		SOLE		1,115,494	0	11,785
JPMORGAN CHASE & CO	COM	46625H100	668,059	6,247,043	SH		SOLE		6,209,770	0	37,273
JUST EAT PLC - UNSP ADR	ADR	48213U105	11,217	2,108,407	SH		SOLE		2,086,186	0	22,221
KERRY GROUP PLC-SPONS ADR	ADR	492460100	12,545	108,149	SH		SOLE		107,021	0	1,128
KINGFISHER PLC-SPONS ADR	ADR	495724403	14,502	1,539,529	SH		SOLE		1,422,369	0	117,160
KOREA ELEC POWER CORP-SP ADR	ADR	500631106	15,074	851,168	SH		SOLE		780,533	0	70,635
KOSE CORP-UNSPONSORED ADR	ADR	500679105	10,654	335,975	SH		SOLE		332,501	0	3,474
KRAFT HEINZ CO/THE	COM	500754106	113,143	1,455,026	SH		SOLE		1,455,026	0	0
LAFARGEHOLCIM LTD-UNSP ADR	ADR	50586V108	22,875	2,040,569	SH		SOLE		1,884,141	0	156,428
LAMAR ADVERTISING CO-A	COM	512816109	123,203	1,659,525	SH		SOLE		1,659,525	0	0
LAS VEGAS SANDS CORP	COM	517834107	304,977	4,388,793	SH		SOLE		4,388,793	0	0
LIBERTY GLOBAL PLC- C	COM	G5480U120	85,699	2,532,481	SH		SOLE		2,504,515	0	27,966
LUKOIL PJSC-SPON ADR	ADR	69343P105	139,091	2,412,672	SH		SOLE		2,412,672	0	0
LYONDELLBASELL INDU-CL A	COM	N53745100	229,310	2,078,587	SH		SOLE		2,078,587	0	0
MASTERCARD INC - A	COM	57636Q104	39,171	258,791	SH		SOLE		258,095	0	696
MEDTRONIC PLC	COM	G5960L103	54,535	675,353	SH		SOLE		642,198	0	33,155
MERCK & CO. INC.	COM	58933Y105	264,002	4,691,709	SH		SOLE		4,691,709	0	0
MERLIN ENTERTAINMENT-SP ADR	ADR	59010Q205	5,205	525,721	SH		SOLE		519,676	0	6,045
MFA FINANCIAL INC	COM	55272X102	267,275	33,746,878	SH		SOLE		33,746,878	0	0
MGM CHINA HOLDINGS-UNSP ADR	ADR	55300R101	11,662	317,596	SH		SOLE		314,250	0	3,346
MICROSOFT CORP	COM	594918104	736	8,602	SH		SOLE		8,602	0	0
MONDELEZ INTERNATIONAL INC-A	COM	609207105	279	6,523	SH		SOLE		6,523	0	0
MONSANTO CO	COM	61166W101	10,234	87,637	SH		SOLE		87,637	0	0
MONSTER BEVERAGE CORP	COM	61174X109	16,485	260,472	SH		SOLE		260,472	0	0
MORGAN STANLEY	PFD	61747S504	2,717	120,000	SH		SOLE		120,000	0	0
NATIONAL GRID PLC-SP ADR	ADR	636274409	16,442	279,576	SH		SOLE		256,588	0	22,988
NETENT AB-UNSPONSORED ADR	ADR	64112W100	5,260	369,639	SH		SOLE		365,566	0	4,073
NETFLIX INC	COM	64110L106	9,788	50,990	SH		SOLE		50,990	0	0
NEVRO CORP	COM	64157F103	13,449	194,803	SH		SOLE		194,803	0	0
NIELSEN HOLDINGS PLC	COM	G6518L108	110,236	3,028,469	SH		SOLE		3,025,437	0	3,032
NIKE INC -CL B	COM	654106103	141,161	2,256,778	SH		SOLE		2,225,872	0	30,906
NN GROUP NV - UNSPON ADR	ADR	629334103	14,906	689,155	SH		SOLE		636,672	0	52,483
NOMAD FOODS LTD	COM	G6564A105	52,926	3,129,868	SH		SOLE		2,982,184	0	147,684
NOVARTIS AG-SPONSORED ADR	ADR	66987V109	22,616	269,363	SH		SOLE		269,363	0	0
OAKTREE CAPITAL GROUP LLC	COM	674001201	32,157	763,828	SH		SOLE		726,120	0	37,708
OMRON CORP- SPONSORED ADR	ADR	682151303	49,483	828,867	SH		SOLE		765,999	0	62,868
ONEOK INC	COM	682680103	225,134	4,212,051	SH		SOLE		4,212,051	0	0
O'REILLY AUTOMOTIVE INC	COM	67103H107	48,794	202,850	SH		SOLE		192,992	0	9,858
PALO ALTO NETWORKS INC	COM	697435105	33,164	228,815	SH		SOLE		221,734	0	7,081
PAYPAL HOLDINGS INC	COM	70450Y103	13,370	181,613	SH		SOLE		181,613	0	0
PAYSAFE GROUP PLC	COM	G6963K100	10,727	1,449,591	SH		SOLE		1,435,885	0	13,706
PENNYMAC MORTGAGE INVESTMENT	COM	70931T103	37,204	2,315,135	SH		SOLE		2,214,890	0	100,245
PETROLEO BRASILEIRO-SPON ADR	ADR	71654V408	20,312	1,973,915	SH		SOLE		1,825,407	0	148,508
PFIZER INC	COM	717081103	101,067	2,790,352	SH		SOLE		2,790,352	0	0
PHIBRO ANIMAL HEALTH CORP-A	COM	71742Q106	11,319	337,890	SH		SOLE		322,428	0	15,462
PING AN INSURANCE-ADR	ADR	72341E304	37,597	1,799,747	SH		SOLE		1,660,992	0	138,755
PIONEER NATURAL RESOURCES CO	COM	723787107	11,557	66,859	SH		SOLE		66,859	0	0
PRICELINE GROUP INC/THE	COM	741503403	29,573	17,018	SH		SOLE		17,018	0	0
PRICESMART INC	COM	741511109	11,914	138,369	SH		SOLE		138,029	0	340
PROOFPOINT INC	COM	743424103	9,153	103,064	SH		SOLE		103,064	0	0
PTC INC	COM	69370C100	51,750	851,565	SH		SOLE		823,585	0	27,980
PURE STORAGE INC - CLASS A	COM	74624M102	24,139	1,522,030	SH		SOLE		1,452,215	0	69,815
QUALCOMM INC	COM	747525103	328,287	5,127,886	SH		SOLE		5,127,886	0	0
RECKITT BENCKISER-SPON ADR	ADR	756255204	27,607	1,452,251	SH		SOLE		1,337,909	0	114,342
RIO TINTO PLC-SPON ADR	ADR	767204100	21,601	408,108	SH		SOLE		408,108	0	0
ROYAL DUTCH SHELL-SPON ADR-A	ADR	780259206	570,221	8,547,757	SH		SOLE		8,545,842	0	1,915
RYANAIR HOLDINGS PLC-SP ADR	ADR	783513203	170,801	1,639,319	SH		SOLE		1,628,194	0	11,125
SANDS CHINA LTD-UNSPONS ADR	ADR	80007R105	9,444	182,475	SH		SOLE		180,564	0	1,911
SAP SE-SPONSORED ADR	ADR	803054204	37,174	330,849	SH		SOLE		305,549	0	25,300
SBERBANK PJSC -SPONSORED ADR	ADR	80585Y308	34,025	1,997,918	SH		SOLE		1,997,918	0	0
SERITAGE GROWTH PROP- A REIT	COM	81752R100	89	2,194	SH		SOLE		2,194	0	0
SERVICENOW INC	COM	81762P102	13,668	104,825	SH		SOLE		104,825	0	0
SHAW COMMUNICATIONS INC-B	COM	82028K200	1,107	48,480	SH		SOLE		48,480	0	0
SHIN-ETSU CHEM-UNSPON ADR	ADR	824551105	40,322	1,589,345	SH		SOLE		1,468,578	0	120,767
SOLAR CAPITAL LTD	COM	83413U100	93,241	4,613,589	SH		SOLE		4,613,589	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	957	3,588	SH		SOLE		3,588	0	0
SPLUNK INC	COM	848637104	11,852	143,077	SH		SOLE		143,077	0	0
ST JAMES'S PLACE PLC	COM	G5005D124	9,915	597,835	SH		SOLE		591,598	0	6,237
SUNCOR ENERGY INC	COM	867224107	143,352	3,904,529	SH		SOLE		3,904,529	0	0
SVB FINANCIAL GROUP	COM	78486Q101	17,293	73,973	SH		SOLE		73,973	0	0
SWITCH INC - A	COM	87105L104	8,367	459,983	SH		SOLE		459,983	0	0
TAIWAN SEMICONDUCTOR-SP ADR	ADR	874039100	1,861	46,927	SH		SOLE		46,927	0	0
TAL EDUCATION GROUP- ADR	ADR	874080104	163,102	5,489,814	SH		SOLE		5,414,393	0	75,421
TEEKAY CORP	COM	Y8564W103	907	97,284	SH		SOLE		97,284	0	0
TEEKAY LNG PARTNERS LP	COM	Y8564M105	44,812	2,223,916	SH		SOLE		2,223,916	0	0
TENCENT HOLDINGS LTD-UNS ADR	ADR	88032Q109	25,070	482,864	SH		SOLE		460,316	0	22,548
TEVA PHARMACEUTICAL-SP ADR	ADR	881624209	52,609	2,776,225	SH		SOLE		2,724,339	0	51,886
THERMO FISHER SCIENTIFIC INC	COM	883556102	82,240	433,115	SH		SOLE		409,557	0	23,558
TJX COMPANIES INC	COM	872540109	13,369	174,850	SH		SOLE		174,850	0	0
T-MOBILE US INC	COM	872590104	166,918	2,628,222	SH		SOLE		2,611,810	0	16,412
TRI POINTE GROUP INC	COM	87265H109	49,317	2,752,039	SH		SOLE		2,587,620	0	164,419
UNICREDIT SPA-ADR	ADR	904678406	37,799	3,937,423	SH		SOLE		3,633,853	0	303,570
UNILEVER N V -NY SHARES	COM	904784709	15,831	281,091	SH		SOLE		281,091	0	0
UNITED PARCEL SERVICE-CL B	COM	911312106	35,310	296,352	SH		SOLE		278,163	0	18,189
US FOODS HOLDING CORP	COM	912008109	76,610	2,399,303	SH		SOLE		2,286,445	0	112,858
VALERO ENERGY CORP	COM	91913Y100	191,006	2,078,189	SH		SOLE		2,078,189	0	0
VANGUARD EUROPE PACIFIC ETF	ETF	921943858	41,765	930,997	SH		SOLE		911,661	0	19,336
VEOLIA ENVIRONNEMENT-ADR	ADR	92334N103	16,171	634,149	SH		SOLE		585,733	0	48,416
VEREIT INC	PFD	92339V209	661	25,857	SH		SOLE		25,857	0	0
VIASAT INC	COM	92552V100	4,731	63,200	SH		SOLE		63,200	0	0
VINCI S.A.-UNSPONS ADR	ADR	927320101	21,551	845,155	SH		SOLE		780,871	0	64,284
VISA INC-CLASS A SHARES	COM	92826C839	67,607	592,943	SH		SOLE		592,070	0	873
WALGREENS BOOTS ALLIANCE INC	COM	931427108	277,726	3,824,369	SH		SOLE		3,824,369	0	0
WAL-MART STORES INC	COM	931142103	95,643	968,540	SH		SOLE		935,220	0	33,320
WARRIOR MET COAL INC	COM	93627C101	11,564	459,800	SH		SOLE		459,800	0	0
WASHINGTON REIT	COM	939653101	95,451	3,067,187	SH		SOLE		3,067,187	0	0
WELLS FARGO & CO	COM	949746101	2,153	35,490	SH		SOLE		35,490	0	0
WIRECARD AG	COM	D22359133	15,277	136,701	SH		SOLE		135,307	0	1,394
WIX.COM LTD	COM	M98068105	10,551	183,336	SH		SOLE		183,336	0	0
WORKDAY INC-CLASS A	COM	98138H101	8,057	79,194	SH		SOLE		79,194	0	0
WORLDPAY GROUP PLC-UNSP ADR	ADR	981560105	18,014	1,035,877	SH		SOLE		1,025,143	0	10,734
WPP PLC-SPONSORED ADR	ADR	92937A102	8,411	92,880	SH		SOLE		85,342	0	7,538
WYNN RESORTS LTD	COM	983134107	151,302	897,458	SH		SOLE		897,458	0	0
YANDEX NV-A	COM	N97284108	55,808	1,704,065	SH		SOLE		1,700,686	0	3,379
YOOX SPA-UNSPON ADR	ADR	98615U104	11,167	318,061	SH		SOLE		314,740	0	3,321
YUM CHINA HOLDINGS INC	COM	98850P109	19,479	486,739	SH		SOLE		486,739	0	0
ZALANDO SE - UNSPONSORED ADR	ADR	98887L105	11,607	432,922	SH		SOLE		428,405	0	4,517
ZAYO GROUP HOLDINGS INC	COM	98919V105	100,114	2,720,500	SH		SOLE		2,720,500	0	0
ZILLOW GROUP INC - C	COM	98954M200	14,218	347,465	SH		SOLE		347,465	0	0