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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
SRV
176
NXG Cushing Midstream Energy Fund
SRV
$216M
$4.57M 0.12%
96,402
-23,595
-20% -$1.14M
VFC icon
177
VF Corp
VFC
$5.86B
$4.52M 0.12%
51,342
+50,811
+9,569% +$4.33M
CTR
178
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$4.41M 0.11%
77,593
-27,649
-26% -$1.6M
RHT
179
DELISTED
Red Hat Inc
RHT
$4.41M 0.11%
32,335
+12,275
+61% +$1.76M
JHA
180
DELISTED
Nuveen High Inc Dec 2018 Tgt Trm
JHA
$4.4M 0.11%
446,638
+3,300
+0.7% +$32.5K
ZBH icon
181
Zimmer Biomet
ZBH
$18.7B
$4.39M 0.11%
+34,428
New +$4.09M
WEC icon
182
WEC Energy
WEC
$34.6B
$4.37M 0.11%
65,495
– –
FTF
183
Franklin Limited Duration Income Trust
FTF
$234M
$4.35M 0.11%
426,874
-529,328
-55% -$5.89M
KEY icon
184
KeyCorp
KEY
$24.3B
$4.27M 0.11%
214,905
-30,640
-12% -$636K
SCI icon
185
Service Corp International
SCI
$11.4B
$4.26M 0.11%
96,450
-24,100
-20% -$973K
JMT
186
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$4.19M 0.11%
182,234
-1,710
-0.9% -$39.3K
AZPN
187
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$4.17M 0.11%
36,650
-15,200
-29% -$1.73M
HUBB icon
188
Hubbell
HUBB
$26.7B
$4.13M 0.11%
30,950
-7,500
-20% -$921K
VMM
189
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$3.98M 0.1%
334,436
– –
AJG icon
190
Arthur J. Gallagher & Co
AJG
$64.7B
$3.9M 0.1%
52,460
+425
+0.8% +$30.5K
CLR
191
DELISTED
CONTINENTAL RESOURCES INC.
CLR
$3.86M 0.1%
56,520
+11,635
+26% +$735K
EHC icon
192
Encompass Health
EHC
$12.5B
$3.85M 0.1%
62,096
-17,786
-22% -$1.08M
FSD
193
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$3.72M 0.1%
251,933
– –
WEA
194
Western Asset Premier Bond Fund
WEA
$124M
$3.7M 0.09%
288,603
-97,685
-25% -$1.24M
MUH
195
DELISTED
Blackrock Muniholdings Fund II, Inc.
MUH
$3.67M 0.09%
275,500
+41,356
+18% +$573K
ING icon
196
ING
ING
$101B
$3.59M 0.09%
276,575
– –
NBB icon
197
Nuveen Taxable Municipal Income Fund
NBB
$453M
$3.56M 0.09%
178,064
-272,875
-61% -$5.6M
WM icon
198
Waste Management
WM
$90.6B
$3.56M 0.09%
39,370
+430
+1% +$38.1K
CELG
199
DELISTED
Celgene Corp
CELG
$3.55M 0.09%
39,690
– –
HSBC icon
200
HSBC
HSBC
$354B
$3.53M 0.09%
84,144
-935
-1% -$40.5K
6 7
8
9 10

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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.