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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
EMR icon
376
Emerson Electric
EMR
$90B
$531K 0.01%
6,940
– –
TAL icon
377
TAL Education Group
TAL
$6.81B
$527K 0.01%
20,500
-3,200
-14% -$103K
CAT icon
378
Caterpillar
CAT
$395B
$525K 0.01%
3,446
– –
NKE icon
379
Nike
NKE
$61.2B
$521K 0.01%
6,150
– –
SEVN
380
Seven Hills Realty Trust
SEVN
$170M
$517K 0.01%
+28,740
New +$531K
VVR icon
381
Invesco Senior Income Trust
VVR
$457M
$509K 0.01%
118,417
-198,830
-63% -$857K
CCS icon
382
Century Communities
CCS
$1.99B
$497K 0.01%
18,950
-14,300
-43% -$428K
CIK
383
Credit Suisse Asset Management Income Fund
CIK
$134M
$494K 0.01%
155,776
– –
SNV
384
DELISTED
Synovus
SNV
$484K 0.01%
10,562
– –
ORCL icon
385
Oracle
ORCL
$423B
$474K 0.01%
9,200
– –
AXS icon
386
AXIS Capital
AXS
$7.38B
$466K 0.01%
8,075
-4,100
-34% -$232K
C icon
387
Citigroup
C
$229B
$456K 0.01%
6,350
– –
PCK
388
DELISTED
Pimco California Municipal Income Fund II
PCK
$444K 0.01%
+53,078
New +$447K
FTS icon
389
Fortis
FTS
$28.5B
$439K 0.01%
13,530
-2,444
-15% -$79.5K
HDB icon
390
HDFC Bank
HDB
$121B
$433K 0.01%
18,400
– –
AAC
391
DELISTED
AAC Holdings
AAC
$428K 0.01%
+56,100
New +$502K
URI icon
392
United Rentals
URI
$72.2B
$409K 0.01%
+2,500
New +$389K
CVA
393
DELISTED
Covanta Holding Corporation
CVA
$400K 0.01%
24,600
+1,000
+4% +$17.1K
BJZ
394
DELISTED
Blackrock Ca Muni 2018 Term Tr
BJZ
$392K 0.01%
+26,288
New +$390K
PMF
395
DELISTED
PIMCO Municipal Income Fund
PMF
$391K 0.01%
+30,153
New +$400K
NICE icon
396
Nice
NICE
$6.02B
$383K 0.01%
3,350
– –
MOS icon
397
The Mosaic Company
MOS
$7.47B
$361K 0.01%
11,125
+875
+9% +$26.4K
BFK
398
DELISTED
BlackRock Municipal Income Trust
BFK
$360K 0.01%
28,940
-1,300
-4% -$16.8K
MYN icon
399
BlackRock MuniYield New York Quality Fund
MYN
$377M
$357K 0.01%
31,000
– –
FPL
400
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$349K 0.01%
+36,300
New +$374K
14 15
16
17 18

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FC
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KCM
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PBA
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DGI
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BCM
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SNT
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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.