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Sit Investment Associates Portfolio holdings

AUM $4.93B
1-Year Est. Return 12.22%
This Fund
S&P 500
This Quarter Est. Return
-10.78%
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
$3.11B
AUM Growth
-$791M
Cap. Flow
-$335M
Cap. Flow %
-10.79%
Top 10 Hldgs %
18.64%
Holding
579
New
47
Increased
140
Reduced
207
Closed
44

Top Buys

Rank Stock Value
1
FTF
Franklin Limited Duration Income Trust
FTF
+$43.4M
2
MRK icon
Merck
MRK
+$15M
3
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$13.9M
4
NBB icon
Nuveen Taxable Municipal Income Fund
NBB
+$13.7M
5
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$13.2M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$22.9M
2
VZ icon
Verizon
VZ
+$22.6M
3
AAPL icon
Apple
AAPL
+$19.4M
4
MSFT icon
Microsoft
MSFT
+$18.5M
5
JNJ icon
Johnson & Johnson
JNJ
+$18.4M

Sector Composition

Rank Sector Weight
1 Technology 10.69%
2 Healthcare 10.55%
3 Financials 8.84%
4 Industrials 8.15%
5 Consumer Discretionary 5.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAC
551
DELISTED
AAC Holdings
AAC
– –
-56,100
Closed -$428K
EMJ
552
DELISTED
Eaton Vance New Jersey Municipal Bond Fund
EMJ
– –
-10,658
Closed -$125K
MIW
553
DELISTED
Eaton Vance Michigan Municipal Bond Fund
MIW
– –
-2,876
Closed -$36K
BPK
554
DELISTED
Blackrock Muni 2018 Term Tr
BPK
– –
-11,152
Closed -$168K
AET
555
DELISTED
Aetna Inc
AET
– –
-280
Closed -$57K
JHA
556
DELISTED
Nuveen High Inc Dec 2018 Tgt Trm
JHA
– –
-446,638
Closed -$4.4M
NBD
557
DELISTED
Nuveen Build Am Bond Opp Fd
NBD
– –
-751,310
Closed -$16.4M
KTWO
558
DELISTED
K2M Group Holdings, Inc
KTWO
– –
-75,700
Closed -$2.07M
KST
559
DELISTED
Deutsche Strategic Income Trust
KST
– –
-1,500
Closed -$19K
PF
560
DELISTED
Pinnacle Foods, Inc.
PF
– –
-193,175
Closed -$12.5M
GCV.RT
561
DELISTED
Gabelli Conv and Income Sec Fund
GCV.RT
– –
-379,352
Closed -$34K
EVHC
562
DELISTED
Envision Healthcare Holdings Inc
EVHC
– –
-2,225
Closed -$102K
ANDV
563
DELISTED
Andeavor
ANDV
– –
-8,431
Closed -$1.29M
KMM
564
DELISTED
Deutsche Multi-Market Incm Trust
KMM
– –
-225,496
Closed -$2.02M
MTSC
565
DELISTED
MTS Systems Corp
MTSC
– –
-12,350
Closed -$676K
BJZ
566
DELISTED
Blackrock Ca Muni 2018 Term Tr
BJZ
– –
-26,288
Closed -$392K
BLH
567
DELISTED
Blackrock Ny Muni 2018 Term Tr
BLH
– –
-1,402
Closed -$21K
EMI
568
DELISTED
Eaton Vance Michigan Municipal Income Trust
EMI
– –
-8,909
Closed -$111K
CBA
569
DELISTED
ClearBridge American Energy MLP
CBA
– –
-1,163,218
Closed -$9.15M
FTF.RT
570
DELISTED
Franklin Limited Duration Income Trust Rights (expiring October 18, 2018)
FTF.RT
– –
-2,898,991
Closed -$264K
19 20 21 22
23

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FFB
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KCM
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Sit Investment Associates's Q4 2018 Portfolio in Review

As of Q4 2018, Sit Investment Associates held 579 positions worth $3.11B, down 20% from $3.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.

Sit Investment Associates withdrew a net $335M in Q4 2018, closing 44 positions and reducing 207 holdings. Its most notable exit was Nuveen Build Am Bond Opp Fd, an estimated $16.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 11% of assets, down from 13% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Sit Investment Associates opened a new position in Hartford Financial Services worth $12.4M.

  • Sit Investment Associates's largest Q4 2018 buy was Hartford Financial Services: 279,225 shares worth $12.4M.
  • Sit Investment Associates added most to Franklin Limited Duration Income Trust in Q4 2018, an estimated $43.4M increase.
  • Sit Investment Associates's biggest Q4 2018 reduction was JPMorgan Chase, cutting an estimated $22.9M.
  • Sit Investment Associates fully exited Nuveen Build Am Bond Opp Fd in Q4 2018, selling an estimated $16.4M.
  • Sit Investment Associates's ten largest holdings make up 19% of its $3.11B portfolio in Q4 2018.
  • Sit Investment Associates opened 47 new positions and closed 44 in Q4 2018.
  • Sit Investment Associates's portfolio value fell 20% quarter-over-quarter to $3.11B.

Based on Sit Investment Associates's 13F filing for Q4 2018, filed 14 Jan 2019.