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SIA

Sit Investment Associates Portfolio holdings

AUM $5.28B
1-Year Est. Return 14.42%
This Fund
S&P 500
This Quarter Est. Return
+4.41%
1 Year Est. Return
+14.42%
3 Year Est. Return
+49.57%
5 Year Est. Return
+37.84%
10 Year Est. Return
+154.77%
AUM
$3.68B
AUM Growth
+$113M
Cap. Flow
-$3.77M
Cap. Flow %
-0.1%
Top 10 Hldgs %
19.63%
Holding
563
New
21
Increased
140
Reduced
189
Closed
29

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$22.2M
2
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$14.4M
3
BNY
Bank of New York Mellon
BNY
+$11.1M
4
RSF
RiverNorth Capital and Income Fund
RSF
+$10.9M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$10M

Top Sells

Rank Stock Value
1
IVH
Delaware Ivy High Income Opportunities Fund
IVH
+$17.9M
2
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$16.8M
3
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.3M
4
OPP
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
+$11.7M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$11.5M

Sector Composition

Rank Sector Weight
1 Technology 16.34%
2 Healthcare 7.64%
3 Industrials 6.18%
4 Financials 5.91%
5 Consumer Discretionary 3.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WAL icon
376
Western Alliance Bancorporation
WAL
$8.92B
$636K 0.02%
17,900
-5,250
-23% -$322K
NVS icon
377
Novartis
NVS
$288B
$632K 0.02%
6,865
-3,935
-36% -$344K
FCT
378
DELISTED
First Trust Senior Floating Rate Income Fund II
FCT
$630K 0.02%
63,287
– –
HDB icon
379
HDFC Bank
HDB
$119B
$613K 0.02%
18,400
– –
KYN icon
380
Kayne Anderson Energy Infrastructure Fund
KYN
$2.48B
$605K 0.02%
69,975
+1,000
+1% +$8.76K
BYM
381
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$603K 0.02%
52,753
-20,600
-28% -$236K
CTR
382
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$597K 0.02%
20,641
+500
+2% +$14.8K
CADE
383
DELISTED
Cadence Bank
CADE
$589K 0.02%
28,350
-1,225
-4% -$30.5K
INTC icon
384
Intel
INTC
$528B
$588K 0.02%
18,000
– –
CEM
385
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
$585K 0.02%
18,065
-23,671
-57% -$809K
GBAB
386
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
$392M
$582K 0.02%
34,152
– –
CEV
387
Eaton Vance California Municipal Income Trust
CEV
$73.6M
$572K 0.02%
+55,896
New +$569K
FMN
388
Federated Hermes Premier Municipal Income Fund
FMN
$87.5M
$571K 0.02%
52,731
+19,829
+60% +$214K
PFS icon
389
Provident Financial Services
PFS
$3.26B
$561K 0.02%
29,275
– –
ABNB icon
390
Airbnb
ABNB
$111B
$560K 0.02%
4,500
-751
-14% -$85.7K
NTG
391
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$560K 0.02%
16,797
+2,100
+14% +$74.4K
LEO
392
BNY Mellon Strategic Municipals
LEO
$389M
$554K 0.02%
88,841
– –
EPRT icon
393
Essential Properties Realty Trust
EPRT
$6.71B
$546K 0.01%
21,975
– –
TWST icon
394
Twist Bioscience
TWST
$7.86B
$545K 0.01%
36,125
+24,875
+221% +$550K
CBT icon
395
Cabot Corp
CBT
$4.46B
$531K 0.01%
6,925
– –
JFR icon
396
Nuveen Floating Rate Income Fund
JFR
$1.25B
$529K 0.01%
64,532
-13,000
-17% -$108K
MDC
397
DELISTED
M.D.C. Holdings, Inc.
MDC
$521K 0.01%
13,413
-750
-5% -$27.7K
EVR icon
398
Evercore
EVR
$12B
$513K 0.01%
4,450
– –
NPO icon
399
Enpro
NPO
$7.12B
$512K 0.01%
4,925
– –
BABA icon
400
Alibaba
BABA
$293B
$506K 0.01%
4,950
– –
14 15
16
17 18

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Sit Investment Associates's Q1 2023 Portfolio in Review

As of Q1 2023, Sit Investment Associates held 563 positions worth $3.68B, up 3.2% from $3.57B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Sit Investment Associates's Q1 2023 filing shows 21 new, 140 increased, 189 reduced and 29 closed positions. Its largest new stake was abrdn Income Credit Strategies Fund: 2,985,270 shares worth $19.9M. The largest sale was Delaware Ivy High Income Opportunities Fund, an estimated $17.9M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Healthcare and Industrials.

  • Sit Investment Associates's largest Q1 2023 buy was abrdn Income Credit Strategies Fund: 2,985,270 shares worth $19.9M.
  • Sit Investment Associates added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $14.4M increase.
  • Sit Investment Associates's biggest Q1 2023 reduction was Western Asset Inflation-Linked Opportunities & Income Fund, cutting an estimated $16.8M.
  • Sit Investment Associates fully exited Delaware Ivy High Income Opportunities Fund in Q1 2023, selling an estimated $17.9M.
  • Sit Investment Associates's ten largest holdings make up 20% of its $3.68B portfolio in Q1 2023.
  • Sit Investment Associates opened 21 new positions and closed 29 in Q1 2023.
  • Sit Investment Associates's portfolio value rose 3.2% quarter-over-quarter to $3.68B.

Based on Sit Investment Associates's 13F filing for Q1 2023, filed 11 May 2023.