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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
AL
151
DELISTED
Air Lease Corp
AL
$7.21M 0.2%
183,000
+105,925
+137% +$4.43M
EL icon
152
Estee Lauder
EL
$31.8B
$7.16M 0.19%
29,051
-905
-3% -$230K
A icon
153
Agilent Technologies
A
$42.2B
$7.11M 0.19%
51,417
-7,748
-13% -$1.13M
NXST icon
154
Nexstar Media Group
NXST
$5.69B
$7.11M 0.19%
41,185
-130
-0.3% -$23.9K
ARDC
155
Are Dynamic Credit Allocation Fund
ARDC
$298M
$7.01M 0.19%
585,982
-97,734
-14% -$1.2M
CAG icon
156
Conagra Brands
CAG
$7.14B
$7M 0.19%
186,300
+133,685
+254% +$4.95M
MS icon
157
Morgan Stanley
MS
$338B
$6.97M 0.19%
79,345
-47,445
-37% -$4.43M
FINS
158
Angel Oak Financial Strategies Income Term Trust
FINS
$423M
$6.73M 0.18%
546,099
-71,437
-12% -$924K
MCR
159
DELISTED
MFS Charter Income Trust
MCR
$6.72M 0.18%
1,068,811
+27,652
+3% +$179K
PAYC icon
160
Paycom
PAYC
$9.57B
$6.71M 0.18%
22,070
-185
-0.8% -$55.7K
RIV
161
RiverNorth Opportunities Fund
RIV
$319M
$6.7M 0.18%
589,622
-463,969
-44% -$5.5M
DHY
162
Credit Suisse High Yield Credit Fund
DHY
$242M
$6.7M 0.18%
3,542,943
+1,240,004
+54% +$2.32M
BBN icon
163
BlackRock Taxable Municipal Bond Trust
BBN
$985M
$6.51M 0.18%
363,274
+244,893
+207% +$4.32M
FSD
164
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$6.47M 0.18%
569,798
-112,710
-17% -$1.31M
JQC icon
165
Nuveen Credit Strategies Income Fund
JQC
$717M
$6.4M 0.17%
1,253,171
-344,374
-22% -$1.81M
THC icon
166
Tenet Healthcare
THC
$20.9B
$6.37M 0.17%
107,200
– –
ASML icon
167
ASML
ASML
$691B
$6.27M 0.17%
9,209
-138
-1% -$88.6K
NPCT icon
168
Nuveen Core Plus Impact Fund
NPCT
$283M
$6.1M 0.17%
596,595
-17,370
-3% -$189K
GRMN
169
Garmin
GRMN
$59.7B
$6.04M 0.16%
59,844
+14,760
+33% +$1.44M
CHRD icon
170
Chord Energy
CHRD
$7.62B
$6M 0.16%
44,577
+1,017
+2% +$138K
EVM
171
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$5.97M 0.16%
+661,686
New +$5.94M
NKG
172
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$5.95M 0.16%
585,341
+236,402
+68% +$2.4M
WMB icon
173
Williams Companies
WMB
$88.4B
$5.91M 0.16%
198,040
-147,390
-43% -$4.55M
NOG icon
174
Northern Oil and Gas
NOG
$2.58B
$5.89M 0.16%
194,150
+10,600
+6% +$330K
YETI icon
175
Yeti Holdings
YETI
$3.85B
$5.75M 0.16%
143,840
-2,750
-2% -$113K
5 6
7
8 9

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FC
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KCM
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PBA
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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.