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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
LOW icon
401
Lowe's Companies
LOW
$124B
$344K 0.01%
3,000
+625
+26% +$65.1K
GPRK icon
402
GeoPark
GPRK
$604M
$341K 0.01%
16,767
– –
SF
403
Stifel
SF
$12.7B
$327K 0.01%
14,344
+1,294
+10% +$31.1K
AEL
404
DELISTED
American Equity Investment Life Holding Company
AEL
$326K 0.01%
9,225
-4,925
-35% -$178K
ASML icon
405
ASML
ASML
$691B
$325K 0.01%
1,726
– –
BEN icon
406
Franklin Resources
BEN
$16.9B
$325K 0.01%
10,700
– –
MYD
407
DELISTED
BlackRock MuniYield Fund
MYD
$319K 0.01%
24,302
-30,000
-55% -$408K
AFL icon
408
Aflac
AFL
$60.7B
$318K 0.01%
6,750
+2,550
+61% +$117K
TCOM icon
409
Trip.com Group
TCOM
$29.1B
$318K 0.01%
8,550
+1,800
+27% +$73.1K
CXH
410
DELISTED
MFS Investment Grade Municipal Trust
CXH
$315K 0.01%
35,064
– –
SNP
411
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
$311K 0.01%
3,100
– –
IHTA
412
DELISTED
Invesco High Income 2024 Target Term Fund
IHTA
$308K 0.01%
33,104
+2,400
+8% +$22.4K
RDS.A
413
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$307K 0.01%
4,500
– –
INGR icon
414
Ingredion
INGR
$6.6B
$302K 0.01%
2,875
-3,450
-55% -$352K
ONB icon
415
Old National Bancorp
ONB
$10.3B
$299K 0.01%
15,475
-11,475
-43% -$226K
IGI
416
Western Asset Investment Grade Defined Opportunity Trust
IGI
$95M
$283K 0.01%
+13,567
New +$273K
PBCT
417
DELISTED
People's United Financial Inc
PBCT
$279K 0.01%
16,325
-30,400
-65% -$556K
BTI icon
418
British American Tobacco
BTI
$122B
$275K 0.01%
5,900
-10,500
-64% -$533K
SYK icon
419
Stryker
SYK
$134B
$275K 0.01%
1,550
+400
+35% +$68.3K
EQT icon
420
EQT Corp
EQT
$34B
$274K 0.01%
11,389
– –
GCV
421
Gabelli Convertible and Income Securities Fund
GCV
$94.7M
$274K 0.01%
+48,235
New +$302K
FFC
422
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$781M
$273K 0.01%
15,000
– –
DSM
423
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$271K 0.01%
36,970
– –
MNP
424
DELISTED
Western Asset Municipal Partners Fund, Inc.
MNP
$270K 0.01%
19,613
– –
FTF.RT
425
DELISTED
Franklin Limited Duration Income Trust Rights (expiring October 18, 2018)
FTF.RT
$264K 0.01%
+2,898,991
New +$559K
15 16
17
18 19

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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.