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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
AFB
351
AllianceBernstein National Municipal Income Fund
AFB
$316M
$689K 0.02%
55,578
– –
GILD icon
352
Gilead Sciences
GILD
$167B
$687K 0.02%
8,900
-5,500
-38% -$415K
CVSA
353
Covista Inc
CVSA
$4.45B
$677K 0.02%
14,050
– –
MUJ icon
354
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$652M
$677K 0.02%
53,921
– –
MTSC
355
DELISTED
MTS Systems Corp
MTSC
$676K 0.02%
12,350
-9,700
-44% -$519K
PMO
356
Franklin Municipal Opportunities Trust
PMO
$285M
$675K 0.02%
59,100
-35,057
-37% -$407K
ETD icon
357
Ethan Allen Interiors
ETD
$605M
$673K 0.02%
32,450
-19,500
-38% -$446K
MPA icon
358
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$145M
$659K 0.02%
51,700
– –
NQP
359
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$657K 0.02%
52,779
– –
CTLT
360
DELISTED
CATALENT, INC.
CTLT
$648K 0.02%
14,225
-3,200
-18% -$135K
DK icon
361
Delek US
DK
$3.87B
$633K 0.02%
14,925
+8,575
+135% +$423K
FLC
362
Flaherty & Crumrine Total Return Fund
FLC
$176M
$628K 0.02%
33,742
– –
BT
363
DELISTED
BT Group plc (ADR)
BT
$626K 0.02%
42,400
– –
PXD
364
DELISTED
Pioneer Natural Resource Co.
PXD
$625K 0.02%
3,590
+350
+11% +$62.6K
MQY icon
365
BlackRock MuniYield Quality Fund
MQY
$815M
$621K 0.02%
45,963
+3,200
+7% +$44K
CUBE icon
366
CubeSmart
CUBE
$9.16B
$613K 0.02%
21,475
-9,900
-32% -$303K
GLOB icon
367
Globant
GLOB
$1.71B
$611K 0.02%
+10,365
New +$608K
GDO
368
Western Asset Global Corporate Defined Opportunity Fund
GDO
$77.5M
$582K 0.01%
35,943
-100
-0.3% -$1.64K
BNY
369
Bank of New York Mellon
BNY
$109B
$575K 0.01%
11,270
– –
TRV icon
370
Travelers Companies
TRV
$78.4B
$575K 0.01%
4,436
+236
+6% +$30.5K
BMY icon
371
Bristol-Myers Squibb
BMY
$130B
$570K 0.01%
9,175
– –
JHI
372
John Hancock Investors Trust
JHI
$118M
$570K 0.01%
35,407
+100
+0.3% +$1.63K
SLB icon
373
SLB Ltd
SLB
$79.3B
$567K 0.01%
9,300
-2,275
-20% -$146K
FMN
374
Federated Hermes Premier Municipal Income Fund
FMN
$87M
$547K 0.01%
42,894
-8,713
-17% -$116K
PRMW
375
DELISTED
Primo Water Corporation
PRMW
$547K 0.01%
+30,300
New +$562K
13 14
15
16 17

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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.