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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
ANSS
201
DELISTED
Ansys
ANSS
$3.48M 0.09%
18,650
-5,175
-22% -$926K
NXJ
202
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$3.46M 0.09%
269,178
– –
MUS
203
DELISTED
BLACKROCK MUNIHOLDINGS QUALITY FUND, INC.
MUS
$3.44M 0.09%
297,740
-19,602
-6% -$235K
NTC
204
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
$3.41M 0.09%
299,801
+191,253
+176% +$2.23M
PAYC icon
205
Paycom
PAYC
$9.62B
$3.33M 0.09%
21,435
-4,625
-18% -$623K
EIV
206
DELISTED
Eaton Vance Municipal Bond Fund II
EIV
$3.33M 0.09%
287,376
-193,841
-40% -$2.3M
UFS
207
DELISTED
DOMTAR CORPORATION (New)
UFS
$3.33M 0.09%
63,735
-15,715
-20% -$792K
GWRE icon
208
Guidewire Software
GWRE
$14.4B
$3.31M 0.09%
32,800
-3,025
-8% -$291K
NSL
209
DELISTED
NUVEEN SENIOR INCM FD
NSL
$3.25M 0.08%
526,910
+98,998
+23% +$608K
ALXN
210
DELISTED
Alexion Pharmaceuticals
ALXN
$3.25M 0.08%
23,350
-4,425
-16% -$555K
TEAM icon
211
Atlassian
TEAM
$38.5B
$3.22M 0.08%
33,500
-4,200
-11% -$333K
MFT
212
DELISTED
BLACKROCK MUNIYIELD INVESTMENT QUALITY FUND
MFT
$3.22M 0.08%
258,514
+8,156
+3% +$105K
DNKN
213
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$3.21M 0.08%
43,480
-30,900
-42% -$2.23M
TSS
214
DELISTED
Total System Services, Inc.
TSS
$3.2M 0.08%
32,377
– –
GHY
215
PGIM Global High Yield Fund
GHY
$479M
$3.14M 0.08%
226,637
– –
LYB icon
216
LyondellBasell Industries
LYB
$20.2B
$3.13M 0.08%
30,535
-48,525
-61% -$5.31M
ISD
217
PGIM High Yield Bond Fund
ISD
$419M
$3.12M 0.08%
220,279
– –
JLS icon
218
Nuveen Mortgage and Income Fund
JLS
$94.9M
$3.11M 0.08%
129,456
– –
TSLF
219
DELISTED
THL CREDIT SENIOR LOAN FUND
TSLF
$3.07M 0.08%
184,855
-46,907
-20% -$795K
SPLK
220
DELISTED
Splunk Inc
SPLK
$3.05M 0.08%
25,200
-3,775
-13% -$418K
EMO
221
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.04B
$3M 0.08%
52,589
-45,272
-46% -$2.61M
GDDY icon
222
GoDaddy
GDDY
$11.6B
$3M 0.08%
35,975
+4,125
+13% +$322K
MFL
223
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$2.96M 0.08%
236,828
+30,000
+15% +$382K
ALK icon
224
Alaska Air
ALK
$5.27B
$2.96M 0.08%
42,985
-5,650
-12% -$366K
MSD
225
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$2.95M 0.08%
340,317
-995,817
-75% -$8.75M
7 8
9
10 11

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FC
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FFB
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KCM
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PBA
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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.