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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
BKH icon
401
Black Hills Corp
BKH
$5.64B
$502K 0.01%
7,950
– –
JHAA
402
DELISTED
Nuveen Corporate Income 2023 Target Term Fund
JHAA
$501K 0.01%
54,468
– –
CIF
403
DELISTED
MFS Intermediate High Income Fund
CIF
$494K 0.01%
293,969
+103,619
+54% +$184K
ZWS icon
404
Zurn Elkay Water Solutions
ZWS
$8.39B
$487K 0.01%
22,800
– –
CMU
405
DELISTED
MFS High Yield Municipal Trust
CMU
$485K 0.01%
151,137
+90,396
+149% +$291K
PIPR icon
406
Piper Sandler
PIPR
$5.49B
$475K 0.01%
13,700
– –
BNL icon
407
Broadstone Net Lease
BNL
$4.36B
$472K 0.01%
27,775
– –
CUBE icon
408
CubeSmart
CUBE
$9.43B
$460K 0.01%
9,950
– –
CNO icon
409
CNO Financial Group
CNO
$5.06B
$457K 0.01%
20,600
– –
FDS icon
410
Factset
FDS
$10.2B
$457K 0.01%
+1,100
New +$458K
SXT icon
411
Sensient Technologies
SXT
$5.56B
$444K 0.01%
5,800
– –
WDS icon
412
Woodside Energy
WDS
$43.4B
$441K 0.01%
19,648
-112
-0.6% -$2.69K
ASB icon
413
Associated Banc-Corp
ASB
$6.07B
$424K 0.01%
23,600
-1,475
-6% -$32.3K
COST icon
414
Costco
COST
$424B
$414K 0.01%
833
+31
+4% +$15.2K
MSI icon
415
Motorola Solutions
MSI
$77.1B
$401K 0.01%
1,400
– –
SRDX
416
DELISTED
Surmodics
SRDX
$379K 0.01%
16,624
– –
SCL icon
417
Stepan Co
SCL
$1.48B
$371K 0.01%
3,600
+1,400
+64% +$147K
EMR icon
418
Emerson Electric
EMR
$91B
$369K 0.01%
4,240
– –
THG icon
419
Hanover Insurance
THG
$7.73B
$366K 0.01%
2,850
– –
CMC icon
420
Commercial Metals
CMC
$7.98B
$364K 0.01%
7,450
– –
BCAT icon
421
BlackRock Capital Allocation Term Trust
BCAT
$1.69B
$360K 0.01%
23,773
– –
BCO icon
422
Brink's
BCO
$4.71B
$351K 0.01%
5,250
-350
-6% -$22.2K
AEE icon
423
Ameren
AEE
$30.3B
$348K 0.01%
4,028
+865
+27% +$74K
SMG icon
424
ScottsMiracle-Gro
SMG
$3.6B
$348K 0.01%
4,985
-950
-16% -$68.3K
ATRI
425
DELISTED
Atrion Corp
ATRI
$345K 0.01%
550
– –
15 16
17
18 19

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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.