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SIA

Sit Investment Associates Portfolio holdings

AUM $4.93B
1-Year Est. Return 12.22%
This Fund
S&P 500
This Quarter Est. Return
+4.98%
1 Year Est. Return
+12.22%
3 Year Est. Return
+41.16%
5 Year Est. Return
+31.78%
10 Year Est. Return
+136.16%
AUM
$3.9B
AUM Growth
+$15.1M
Cap. Flow
-$134M
Cap. Flow %
-3.43%
Top 10 Hldgs %
19.14%
Holding
585
New
48
Increased
130
Reduced
251
Closed
53

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$109M
2
CRF
Cornerstone Total Return Fund
CRF
+$68.9M
3
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$22.2M
4
CVS icon
CVS Health
CVS
+$18.7M
5
KMF
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
+$15.8M

Top Sells

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$24.8M
2
PM icon
Philip Morris
PM
+$20.3M
3
GAM
General American Investors Company
GAM
+$17.8M
4
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$17.3M
5
PCF
High Income Securities Fund
PCF
+$14.6M

Sector Composition

Rank Sector Weight
1 Technology 12.72%
2 Healthcare 10.98%
3 Financials 10.39%
4 Industrials 9.93%
5 Consumer Discretionary 5.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ERC
276
Allspring Multi-Sector Income Fund
ERC
$261M
$1.64M 0.04%
135,084
-915,340
-87% -$11.4M
EHI
277
Western Asset Global High Income Fund
EHI
$178M
$1.64M 0.04%
180,277
-26,864
-13% -$246K
PHG icon
278
Philips
PHG
$26.3B
$1.64M 0.04%
46,280
– –
BAF
279
DELISTED
BLACKROCK MUNICIPAL INCOME INVESTMENT QUALITY TRUST
BAF
$1.63M 0.04%
126,547
+18,046
+17% +$242K
BLKB icon
280
Blackbaud
BLKB
$2.09B
$1.62M 0.04%
16,000
-8,525
-35% -$890K
BUD icon
281
AB InBev
BUD
$164B
$1.57M 0.04%
17,945
-19,920
-53% -$1.94M
OSK icon
282
Oshkosh
OSK
$9.59B
$1.56M 0.04%
21,925
-12,300
-36% -$886K
HYB
283
DELISTED
New America High Income Fund, Inc.
HYB
$1.56M 0.04%
181,438
+17,385
+11% +$148K
BYM
284
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$1.54M 0.04%
120,669
– –
EOG icon
285
EOG Resources
EOG
$74.6B
$1.51M 0.04%
11,870
– –
CCMP
286
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$1.51M 0.04%
14,600
+6,900
+90% +$779K
ADSW
287
DELISTED
Advanced Disposal Services Inc
ADSW
$1.5M 0.04%
55,575
-950
-2% -$24.4K
BRW
288
Saba Capital Income & Opportunities Fund
BRW
$340M
$1.49M 0.04%
150,028
-546,186
-78% -$5.44M
STRA icon
289
Strategic Education
STRA
$1.84B
$1.45M 0.04%
+10,542
New +$1.35M
GRMN
290
Garmin
GRMN
$60.4B
$1.42M 0.04%
20,325
+18,975
+1,406% +$1.24M
EWBC icon
291
East-West Bancorp
EWBC
$18.1B
$1.41M 0.04%
23,325
-161,825
-87% -$10.4M
MIC
292
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$1.4M 0.04%
30,425
-4,625
-13% -$211K
IEX icon
293
IDEX
IEX
$17.2B
$1.4M 0.04%
9,275
-1,825
-16% -$272K
AIT icon
294
Applied Industrial Technologies
AIT
$13.2B
$1.4M 0.04%
17,840
-12,500
-41% -$946K
WBK
295
DELISTED
Westpac Banking Corporation
WBK
$1.36M 0.03%
67,800
-1,950
-3% -$41.2K
NVS icon
296
Novartis
NVS
$298B
$1.35M 0.03%
17,521
– –
JGH icon
297
Nuveen Global High Income Fund
JGH
$356M
$1.34M 0.03%
86,050
-8,506
-9% -$133K
THO icon
298
Thor Industries
THO
$4.14B
$1.34M 0.03%
16,025
-8,450
-35% -$809K
JSD
299
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$1.34M 0.03%
78,687
-4,927
-6% -$83K
DMO
300
Western Asset Mortgage Opportunity Fund
DMO
$120M
$1.31M 0.03%
+56,979
New +$1.29M
10 11
12
13 14

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Sit Investment Associates's Q3 2018 Portfolio in Review

As of Q3 2018, Sit Investment Associates held 585 positions worth $3.9B, up 0.39% from $3.88B the previous quarter. Its ten largest holdings account for 19% of the portfolio.

Sit Investment Associates withdrew a net $134M in Q3 2018, closing 53 positions and reducing 251 holdings. Its most notable exit was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $17.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Sit Investment Associates opened a new position in Tortoise Midstream Energy Fund, Inc. Common Stock worth $22.1M.

  • Sit Investment Associates's largest Q3 2018 buy was Tortoise Midstream Energy Fund, Inc. Common Stock: 137,534 shares worth $22.1M.
  • Sit Investment Associates added most to Cornerstone Strategic Value Fund in Q3 2018, an estimated $109M increase.
  • Sit Investment Associates's biggest Q3 2018 reduction was BlackRock Credit Allocation Income Trust, cutting an estimated $24.8M.
  • Sit Investment Associates fully exited PIMCO Dynamic Credit and Mortgage Income Fund in Q3 2018, selling an estimated $17.3M.
  • Sit Investment Associates's ten largest holdings make up 19% of its $3.9B portfolio in Q3 2018.
  • Sit Investment Associates opened 48 new positions and closed 53 in Q3 2018.
  • Sit Investment Associates's portfolio value rose 0.39% quarter-over-quarter to $3.9B.

Based on Sit Investment Associates's 13F filing for Q3 2018, filed 14 Nov 2018.