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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
PCF
551
High Income Securities Fund
PCF
$101M
– –
-1,570,064
Closed -$14.6M
PNW icon
552
Pinnacle West Capital
PNW
$12B
– –
-2,975
Closed -$240K
RVT icon
553
Royce Value Trust
RVT
$2.29B
– –
-54,430
Closed -$860K
SCOR icon
554
Comscore
SCOR
$106M
– –
-5
Closed -$2K
SYF icon
555
Synchrony
SYF
$25.4B
– –
-2,875
Closed -$96K
T icon
556
AT&T
T
$165B
– –
-3
Closed –
TTC icon
557
Toro Company
TTC
$9.4B
– –
-3,625
Closed -$218K
UTG icon
558
Reaves Utility Income Fund
UTG
$3.59B
– –
-422,494
Closed -$12.2M
WFC.PRL icon
559
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.65B
– –
-400
Closed -$504K
BERY
560
DELISTED
Berry Global Group, Inc.
BERY
– –
-3,076
Closed -$130K
BIG
561
DELISTED
Big Lots, Inc.
BIG
– –
-2,050
Closed -$86K
TEN
562
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-9,025
Closed -$397K
NBEV
563
DELISTED
NewAge, Inc. Common Stock (Delaware)
NBEV
– –
-35,550
Closed -$66K
PCI
564
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
– –
-735,618
Closed -$17.3M
BFO
565
DELISTED
Blackrock Florida Municipal 2020 Term Trust
BFO
– –
-10,508
Closed -$150K
LOGM
566
DELISTED
LogMein, Inc.
LOGM
– –
-25,200
Closed -$2.6M
CTWS
567
DELISTED
Connecticut Water Service Inc
CTWS
– –
-5,300
Closed -$346K
LCM
568
DELISTED
Advent/Claymore Enhanced Gth & F
LCM
– –
-108,360
Closed -$839K
AGC
569
DELISTED
Advent Claymore Conv Sec & Incme
AGC
– –
-360,973
Closed -$2.02M
KYE
570
DELISTED
Kayne Anderson Energy
KYE
– –
-1,459,619
Closed -$13.8M
CPLA
571
DELISTED
Capella Education Company
CPLA
– –
-20,825
Closed -$2.06M
XL
572
DELISTED
XL Group Ltd.
XL
– –
-26,975
Closed -$1.51M
RENX
573
DELISTED
RELX N.V.
RENX
– –
-117,025
Closed -$2.5M
MZF
574
DELISTED
Managed Duration Inv Grd Muni Fd
MZF
– –
-253,541
Closed -$3.64M
KED
575
DELISTED
Kayne Anderson Energy
KED
– –
-624,395
Closed -$10.9M
19 20 21 22
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FC
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FFB
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KCM
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PBA
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DGI
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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.