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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
CVX icon
26
Chevron
CVX
$366B
$32.4M 0.83%
264,735
+95,041
+56% +$11.5M
INTC icon
27
Intel
INTC
$513B
$31.7M 0.81%
670,762
-83,175
-11% -$4.05M
DUC
28
DELISTED
Duff & Phelps Utility & Corporate Bond Trust
DUC
$31.6M 0.81%
3,768,400
-197,600
-5% -$1.68M
EGF
29
DELISTED
Blackrock Enhanced Government Fund, Inc.
EGF
$30.6M 0.78%
2,334,332
+12,694
+0.5% +$164K
UNP icon
30
Union Pacific
UNP
$174B
$30M 0.77%
184,420
-7,250
-4% -$1.09M
SU icon
31
Suncor Energy
SU
$70.3B
$29.9M 0.77%
772,905
+18,300
+2% +$741K
TJX icon
32
TJX Companies
TJX
$178B
$29.7M 0.76%
529,880
-50,050
-9% -$2.57M
PH icon
33
Parker-Hannifin
PH
$135B
$29.2M 0.75%
158,520
+3,075
+2% +$528K
CNP icon
34
CenterPoint Energy
CNP
$26.8B
$29M 0.75%
1,050,470
+266,525
+34% +$7.47M
RTN
35
DELISTED
Raytheon Company
RTN
$28.8M 0.74%
139,223
-33,945
-20% -$6.76M
LNC icon
36
Lincoln National
LNC
$8.81B
$28.5M 0.73%
421,432
+40,975
+11% +$2.7M
AMAT icon
37
Applied Materials
AMAT
$428B
$28.4M 0.73%
733,545
+24,875
+4% +$1.1M
DAL icon
38
Delta Air Lines
DAL
$60.1B
$28M 0.72%
483,390
+30,355
+7% +$1.67M
KO icon
39
Coca-Cola
KO
$375B
$27.9M 0.72%
604,893
+119,743
+25% +$5.47M
GOOGL icon
40
Alphabet (Google) Class A
GOOGL
$4.33T
$27M 0.69%
447,540
-6,500
-1% -$393K
DGX icon
41
Quest Diagnostics
DGX
$26.3B
$26.9M 0.69%
249,075
+8,800
+4% +$965K
BAC icon
42
Bank of America
BAC
$442B
$25.9M 0.66%
879,775
-177,000
-17% -$5.39M
DIS icon
43
Walt Disney
DIS
$181B
$25.5M 0.65%
217,754
-8,886
-4% -$989K
MS icon
44
Morgan Stanley
MS
$340B
$25.4M 0.65%
544,875
+38,000
+7% +$1.86M
NEE icon
45
NextEra Energy
NEE
$177B
$25.4M 0.65%
605,480
-39,400
-6% -$1.68M
ACN icon
46
Accenture
ACN
$108B
$24.8M 0.64%
145,530
-7,000
-5% -$1.17M
TROW icon
47
T. Rowe Price
TROW
$24.3B
$24.5M 0.63%
224,835
+53,675
+31% +$6.21M
CB icon
48
Chubb
CB
$135B
$24.4M 0.63%
182,955
-16,631
-8% -$2.25M
CCL icon
49
Carnival Corporation Ltd
CCL
$39.7B
$24.3M 0.62%
381,740
-2,300
-0.6% -$140K
FMY
50
First Trust Mortgage Income Fund
FMY
$48.7M
$24.3M 0.62%
1,810,810
+8,348
+0.5% +$111K
1
2
3 4 5

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FC
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FFB
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KCM
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PBA
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BCM
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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.