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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
+4.41%
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
$3.68B
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
MIO
101
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$10.8M 0.29%
985,601
+33,035
+3% +$367K
IGI
102
Western Asset Investment Grade Defined Opportunity Trust
IGI
$95M
$10.8M 0.29%
635,063
+75,172
+13% +$1.26M
ETR icon
103
Entergy
ETR
$49.7B
$10.6M 0.29%
196,120
-17,990
-8% -$954K
GHY
104
PGIM Global High Yield Fund
GHY
$482M
$10.5M 0.29%
961,666
-238,331
-20% -$2.71M
SYY icon
105
Sysco
SYY
$40.3B
$10.5M 0.28%
135,666
+325
+0.2% +$24.9K
MUC icon
106
BlackRock MuniHoldings California Quality Fund
MUC
$1.02B
$10.5M 0.28%
947,240
+427,677
+82% +$4.74M
GILD icon
107
Gilead Sciences
GILD
$168B
$10.4M 0.28%
125,790
+45,365
+56% +$3.76M
BNY
108
Bank of New York Mellon
BNY
$109B
$10.4M 0.28%
+228,125
New +$11.1M
OPP
109
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$191M
$10.3M 0.28%
1,220,649
-1,354,360
-53% -$11.7M
CSL icon
110
Carlisle Companies
CSL
$15.5B
$10.3M 0.28%
45,480
-3,114
-6% -$757K
CG icon
111
Carlyle Group
CG
$17.4B
$10.2M 0.28%
328,800
+32,120
+11% +$1.07M
RCS
112
PIMCO Strategic Income Fund
RCS
$249M
$10.2M 0.28%
1,915,703
-480,211
-20% -$2.66M
ULTA icon
113
Ulta Beauty
ULTA
$23.3B
$10.2M 0.28%
18,640
-325
-2% -$167K
SBUX icon
114
Starbucks
SBUX
$122B
$10.1M 0.27%
96,738
-1,057
-1% -$110K
ANET icon
115
Arista Networks
ANET
$250B
$10M 0.27%
238,780
-16,080
-6% -$553K
MDT icon
116
Medtronic
MDT
$116B
$9.9M 0.27%
122,860
-100,171
-45% -$8.16M
BMY icon
117
Bristol-Myers Squibb
BMY
$130B
$9.89M 0.27%
142,670
-1,710
-1% -$121K
EVG
118
Eaton Vance Short Duration Diversified Income Fund
EVG
$144M
$9.86M 0.27%
943,285
-3,163
-0.3% -$33.2K
WCN
119
Waste Connections
WCN
$42B
$9.79M 0.27%
70,360
+95
+0.1% +$12.6K
BGH
120
Barings Global Short Duration High Yield Fund
BGH
$286M
$9.76M 0.27%
756,674
-79,293
-9% -$1.06M
EG icon
121
Everest Group
EG
$14B
$9.72M 0.26%
27,144
+1,175
+5% +$422K
TEAM icon
122
Atlassian
TEAM
$39.1B
$9.62M 0.26%
56,199
-850
-1% -$136K
JPC icon
123
Nuveen Preferred & Income Opportunities Fund
JPC
$2.91B
$9.58M 0.26%
1,456,466
-434,579
-23% -$3.18M
PFE icon
124
Pfizer
PFE
$152B
$9.5M 0.26%
232,833
+19,975
+9% +$863K
ISD
125
PGIM High Yield Bond Fund
ISD
$418M
$9.29M 0.25%
761,274
-30,760
-4% -$383K
3 4
5
6 7

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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.