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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
AMBA icon
526
Ambarella
AMBA
$3.6B
– –
-11,350
Closed -$438K
AMD icon
527
Advanced Micro Devices
AMD
$767B
– –
-84,900
Closed -$1.27M
BBY icon
528
Best Buy
BBY
$17.4B
– –
-49,050
Closed -$3.66M
BGS icon
529
B&G Foods
BGS
$276M
– –
-2,975
Closed -$89K
BGT icon
530
BlackRock Floating Rate Income Trust
BGT
$328M
– –
-50,000
Closed -$654K
BR icon
531
Broadridge
BR
$19.8B
– –
-2,225
Closed -$256K
CGNX icon
532
Cognex
CGNX
$10.8B
– –
-4,000
Closed -$178K
CHRW icon
533
C.H. Robinson
CHRW
$17.3B
– –
-1,775
Closed -$148K
CIF
534
DELISTED
MFS Intermediate High Income Fund
CIF
– –
-438
Closed -$1K
CMCSA icon
535
Comcast
CMCSA
$89.4B
– –
-93,500
Closed -$3.07M
COLB icon
536
Columbia Banking Systems
COLB
$8.84B
– –
-14,300
Closed -$585K
DBVT
537
DBV Technologies
DBVT
$897M
– –
-205
Closed -$40K
DHY
538
Credit Suisse High Yield Credit Fund
DHY
$243M
– –
-240,000
Closed -$636K
DLTR icon
539
Dollar Tree
DLTR
$24.9B
– –
-1,325
Closed -$113K
EFR
540
Eaton Vance Senior Floating-Rate Fund
EFR
$319M
– –
-82,505
Closed -$1.19M
EFT
541
Eaton Vance Floating-Rate Income Trust
EFT
$288M
– –
-103,575
Closed -$1.5M
EMD
542
Western Asset Emerging Markets Debt Fund
EMD
$611M
– –
-284,252
Closed -$3.77M
DMC
543
Del Monte Corp
DMC
$1.43B
– –
-9,800
Closed -$437K
GUT
544
Gabelli Utility Trust
GUT
$573M
– –
-1,105,511
Closed -$6.35M
HBI
545
DELISTED
Hanesbrands
HBI
– –
-5,500
Closed -$121K
INCY icon
546
Incyte
INCY
$24.6B
– –
-22,975
Closed -$1.54M
IONS icon
547
Ionis Pharmaceuticals
IONS
$9.46B
– –
-13,725
Closed -$572K
JHG
548
DELISTED
Janus Henderson
JHG
– –
-15,623
Closed -$480K
MHD icon
549
BlackRock MuniHoldings Fund
MHD
$604M
– –
-13,893
Closed -$217K
PAHC icon
550
Phibro Animal Health
PAHC
$1.39B
– –
-51,900
Closed -$2.39M
19 20 21
22
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MCM
Moore Capital Management New York $4.92B AUM 35.4% 1-Year Est. Return
SMFG
Sumitomo Mitsui Financial Group Tokyo, Japan $4.94B AUM 1.39% 1-Year Est. Return
FC
Freemont Capital Singapore $4.91B AUM 5.45% 1-Year Est. Return
FFB
First Financial Bankshares Abilene, Texas $4.95B AUM 25.06% 1-Year Est. Return
KCM
Kensico Capital Management Greenwich, Connecticut $4.9B AUM 41.26% 1-Year Est. Return
PBA
Paradigm Biocapital Advisors New York $4.89B AUM 251.12% 1-Year Est. Return
DGI
Disciplined Growth Investors Minneapolis, Minnesota $4.89B AUM 33.85% 1-Year Est. Return
BCM
Bridgeway Capital Management Houston, Texas $4.97B AUM 44.96% 1-Year Est. Return

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.