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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
CLM icon
1
Cornerstone Strategic Value Fund
CLM
$2.22B
$132M 3.39%
9,588,423
+7,828,582
+445% +$109M
MSFT icon
2
Microsoft
MSFT
$3.45T
$97.3M 2.5%
850,679
-29,560
-3% -$3.2M
AAPL icon
3
Apple
AAPL
$4.54T
$94.7M 2.43%
1,677,472
+86,092
+5% +$4.48M
CRF
4
Cornerstone Total Return Fund
CRF
$1.16B
$78.1M 2%
5,742,581
+5,007,948
+682% +$68.9M
JNJ icon
5
Johnson & Johnson
JNJ
$618B
$66.3M 1.7%
479,480
+3,375
+0.7% +$448K
VZ icon
6
Verizon
VZ
$195B
$64.3M 1.65%
1,203,795
-66,070
-5% -$3.5M
JPM icon
7
JPMorgan Chase
JPM
$935B
$60.6M 1.56%
537,423
-31,742
-6% -$3.6M
EVV
8
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$54.9M 1.41%
4,328,403
+377,741
+10% +$4.79M
EVG
9
Eaton Vance Short Duration Diversified Income Fund
EVG
$141M
$49.7M 1.27%
3,847,688
+128,145
+3% +$1.66M
AVGO icon
10
Broadcom
AVGO
$1.85T
$48.1M 1.23%
1,950,250
-86,300
-4% -$1.94M
HD icon
11
Home Depot
HD
$331B
$46.6M 1.2%
225,140
-23,845
-10% -$4.8M
BKT icon
12
BlackRock Income Trust
BKT
$330M
$44.4M 1.14%
2,588,004
+31,690
+1% +$548K
V icon
13
Visa
V
$684B
$44.2M 1.13%
294,780
-3,050
-1% -$434K
PIM
14
Franklin Master Intermediate Income Trust
PIM
$150M
$43.6M 1.12%
9,655,404
-256,690
-3% -$1.18M
UNH icon
15
UnitedHealth
UNH
$376B
$43.2M 1.11%
162,450
-12,660
-7% -$3.29M
ABT icon
16
Abbott
ABT
$183B
$42.3M 1.08%
576,085
-56,650
-9% -$3.72M
ABBV icon
17
AbbVie
ABBV
$443B
$38.6M 0.99%
408,500
-880
-0.2% -$83.5K
PEP icon
18
PepsiCo
PEP
$190B
$38.4M 0.99%
343,855
-18,250
-5% -$2.07M
DD icon
19
DuPont de Nemours
DD
$18.5B
$36.9M 0.95%
226,796
-480
-0.2% -$82.6K
HON icon
20
Honeywell
HON
$77B
$36.6M 0.94%
243,174
-553
-0.2% -$78.4K
PFE icon
21
Pfizer
PFE
$143B
$36.5M 0.94%
874,072
-181,878
-17% -$7M
OXY icon
22
Occidental Petroleum
OXY
$56.8B
$35.5M 0.91%
431,970
+40,100
+10% +$3.24M
MPC icon
23
Marathon Petroleum
MPC
$92.4B
$35.3M 0.9%
440,925
+5,230
+1% +$414K
BDX icon
24
Becton Dickinson
BDX
$45.6B
$34.3M 0.88%
134,752
-14,170
-10% -$3.49M
MIN
25
Aberdeen Intermediate Income Fund
MIN
$274M
$34.1M 0.87%
9,070,152
-2,330,508
-20% -$8.85M
1
2 3 4 5

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SMFG
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FC
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FFB
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KCM
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PBA
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CFC
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DGI
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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.