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Sit Investment Associates Portfolio holdings
AUM
$5.28B
Turnover
14.52%
1-Year Est. Return
14.42%
This Fund
S&P 500
This Quarter
Est. Return
+3.11%
1 Year Est. Return
+14.42%
3 Year Est. Return
+49.57%
5 Year Est. Return
+37.84%
10 Year Est. Return
+154.77%
AUM
$4.02B
AUM Growth
-$19.8M
(-0.49%)
Cap. Flow
-$126M
Cap. Flow
% of AUM
-3.14%
Top 10 Holdings %
Top 10 Hldgs %
15.19%
Holding
691
New
50
Increased
156
Reduced
219
Closed
35
Avg Time Held
1.9
years
Top 10 Avg Time Held
1.4
years
Top 20 Avg Time Held
2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cornerstone Strategic Value Fund
CLM
|
+$69.9M |
| 2 |
Cornerstone Total Return Fund
CRF
|
+$38.3M |
| 3 |
Parker-Hannifin
PH
|
+$25.8M |
| 4 |
Lincoln National
LNC
|
+$19M |
| 5 |
Comcast
CMCSA
|
+$17.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Genuine Parts
GPC
|
+$19M |
| 2 |
Southern Company
SO
|
+$16.3M |
| 3 |
Walt Disney
DIS
|
+$15.5M |
| 4 |
Microsoft
MSFT
|
+$13.2M |
| 5 |
B&G Foods
BGS
|
+$12.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 34.15% |
| 2 | Technology | 11.62% |
| 3 | Healthcare | 10.21% |
| 4 | Financials | 10.12% |
| 5 | Industrials | 9.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$4.01T
| $74.1M | 1.84% |
994,325
-180,384
| -15% | -$13.2M |
2013 Q2
17 quarters
|
|
|
2
Cornerstone Strategic Value Fund
CLM
$1.96B
| $69.9M | 1.74% |
+4,798,589
| New | +$69.9M |
2017 Q3
0 quarters
|
|
3
Apple
AAPL
$4.99T
| $67.2M | 1.67% |
1,742,960
-196,684
| -10% | -$7.63M |
2013 Q2
17 quarters
|
|
4
Johnson & Johnson
JNJ
$610B
| $63.1M | 1.57% |
485,640
-24,857
| -5% | -$3.3M |
2013 Q2
17 quarters
|
|
5
Verizon
VZ
$184B
| $61.9M | 1.54% |
1,251,379
-1,750
| -0.1% | -$82.3K |
2013 Q2
17 quarters
|
|
6
JPMorgan Chase
JPM
$891B
| $61.4M | 1.53% |
643,014
-48,883
| -7% | -$4.51M |
2013 Q2
17 quarters
|
|
7
BlackRock Income Trust
BKT
$312M
| $55.2M | 1.37% |
2,928,493
-70,589
| -2% | -$1.34M |
2013 Q2
17 quarters
|
|
8
Broadcom
AVGO
$1.64T
| $53.4M | 1.33% |
2,202,900
-182,000
| -8% | -$4.5M |
2013 Q2
17 quarters
|
|
9
DuPont de Nemours
DD
$17.8B
| $52.8M | 1.31% |
300,943
-10,636
| -3% | -$1.77M |
2015 Q4
7 quarters
|
|
|
MIN
10
Aberdeen Intermediate Income Fund
MIN
$267M
| $52.3M | 1.3% |
2,036,026
+83,127
| +4% | +$2.14M |
2013 Q2
17 quarters
|
|
11
Eaton Vance Short Duration Diversified Income Fund
EVG
$137M
| $52M | 1.29% |
3,652,012
-162,022
| -4% | -$2.31M |
2013 Q2
17 quarters
|
|
12
Home Depot
HD
$308B
| $50.2M | 1.25% |
306,795
-22,552
| -7% | -$3.46M |
2013 Q2
17 quarters
|
|
13
BlackRock Credit Allocation Income Trust
BTZ
$880M
| $49.3M | 1.23% |
3,636,613
-452,156
| -11% | -$6.08M |
2013 Q2
17 quarters
|
|
14
PepsiCo
PEP
$175B
| $46M | 1.14% |
413,100
-16,600
| -4% | -$1.92M |
2013 Q2
17 quarters
|
|
15
Franklin Master Intermediate Income Trust
PIM
$147M
| $45.2M | 1.12% |
9,565,310
+715,953
| +8% | +$3.39M |
2013 Q2
17 quarters
|
|
16
Applied Materials
AMAT
$341B
| $42.2M | 1.05% |
810,515
-99,650
| -11% | -$4.51M |
2013 Q2
17 quarters
|
|
17
Abbott
ABT
$181B
| $38.8M | 0.96% |
727,520
+39,912
| +6% | +$2M |
2013 Q2
17 quarters
|
|
|
18
Cornerstone Total Return Fund
CRF
$1.01B
| $38.4M | 0.95% |
+2,675,108
| New | +$38.3M |
2017 Q3
0 quarters
|
|
19
AbbVie
ABBV
$501B
| $38.3M | 0.95% |
431,435
-99,095
| -19% | -$7.54M |
2015 Q1
10 quarters
|
|
|
DUC
20
DELISTED
Duff & Phelps Utility & Corporate Bond Trust
DUC
| $38.1M | 0.95% |
4,124,119
+147,283
| +4% | +$1.36M |
2013 Q3
16 quarters
|
|
21
Honeywell
HON
$66.7B
| $37.2M | 0.93% |
290,719
-24,609
| -8% | -$3.05M |
2013 Q2
17 quarters
|
|
|
RTN
22
DELISTED
Raytheon Company
RTN
| $37M | 0.92% |
198,373
-21,550
| -10% | -$3.8M |
2014 Q3
12 quarters
|
|
23
TJX Companies
TJX
$159B
| $36.7M | 0.91% |
996,380
-103,620
| -9% | -$3.69M |
2013 Q2
17 quarters
|
|
24
UnitedHealth
UNH
$365B
| $36.5M | 0.91% |
186,245
-25,225
| -12% | -$4.87M |
2013 Q2
17 quarters
|
|
25
Visa
V
$750B
| $35.5M | 0.88% |
336,905
-24,625
| -7% | -$2.5M |
2013 Q2
17 quarters
|
|
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Sit Investment Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Sit Investment Associates held 691 positions worth $4.02B, down 0.49% from $4.04B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Sit Investment Associates withdrew a net $126M in Q3 2017, closing 35 positions and reducing 219 holdings. Its most notable exit was Newell Brands, an estimated $10.3M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 34% of assets, up from 32% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Sit Investment Associates opened a new position in Cornerstone Strategic Value Fund worth $69.9M.
- Sit Investment Associates's largest Q3 2017 buy was Cornerstone Strategic Value Fund: 4,798,589 shares worth $69.9M.
- Sit Investment Associates added most to Lincoln National in Q3 2017, an estimated $19M increase.
- Sit Investment Associates's biggest Q3 2017 reduction was Genuine Parts, cutting an estimated $19M.
- Sit Investment Associates fully exited Newell Brands in Q3 2017, selling an estimated $10.3M.
- Sit Investment Associates's ten largest holdings make up 15% of its $4.02B portfolio in Q3 2017.
- Sit Investment Associates opened 50 new positions and closed 35 in Q3 2017.
- Sit Investment Associates's portfolio value fell 0.49% quarter-over-quarter to $4.02B.
Based on Sit Investment Associates's 13F filing for Q3 2017, filed 18 Oct 2017.