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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
CLM icon
1
Cornerstone Strategic Value Fund
CLM
$2.22B
$135M 3.68%
17,658,206
-1,481,499
-8% -$11.5M
AAPL icon
2
Apple
AAPL
$4.54T
$107M 2.92%
651,664
-10,188
-2% -$1.5M
MSFT icon
3
Microsoft
MSFT
$3.45T
$98.4M 2.67%
341,320
-10,307
-3% -$2.63M
BTZ icon
4
BlackRock Credit Allocation Income Trust
BTZ
$930M
$61.2M 1.66%
5,943,883
+735,966
+14% +$7.85M
PPT
5
Franklin Premier Income Trust
PPT
$324M
$60.9M 1.65%
17,098,059
-77,123
-0.4% -$286K
PIM
6
Franklin Master Intermediate Income Trust
PIM
$150M
$57M 1.55%
17,930,517
+677,134
+4% +$2.2M
MIN
7
Aberdeen Intermediate Income Fund
MIN
$274M
$54.4M 1.48%
19,625,955
+964,804
+5% +$2.73M
AVGO icon
8
Broadcom
AVGO
$1.85T
$52.3M 1.42%
815,520
-77,950
-9% -$4.69M
NEA icon
9
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$48.8M 1.33%
4,392,661
+264,982
+6% +$2.96M
HYT icon
10
BlackRock Corporate High Yield Fund
HYT
$1.36B
$46.9M 1.27%
5,377,802
-1,603,891
-23% -$14.3M
EVV
11
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$45.5M 1.23%
4,615,417
-735,619
-14% -$7.39M
NAD icon
12
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$44.5M 1.21%
3,859,958
+470,058
+14% +$5.44M
JPS
13
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$40.1M 1.09%
6,200,782
-473,678
-7% -$3.34M
UNH icon
14
UnitedHealth
UNH
$376B
$37.3M 1.01%
78,963
+6,626
+9% +$3.2M
DBL
15
DoubleLine Opportunistic Credit Fund
DBL
$278M
$37.2M 1.01%
2,623,465
+107,699
+4% +$1.61M
KTF
16
DWS Municipal Income Trust
KTF
$346M
$36.3M 0.99%
4,081,317
+480,645
+13% +$4.23M
CRF
17
Cornerstone Total Return Fund
CRF
$1.16B
$34.9M 0.95%
4,810,189
-1,426,375
-23% -$10.6M
ZTR
18
Virtus Total Return Fund
ZTR
$340M
$33.8M 0.92%
5,213,143
-282,355
-5% -$1.86M
BKT icon
19
BlackRock Income Trust
BKT
$330M
$33.7M 0.92%
2,678,178
+223,005
+9% +$2.86M
GOOGL icon
20
Alphabet (Google) Class A
GOOGL
$4.36T
$32.7M 0.89%
315,509
-21,905
-6% -$2.1M
INSI
21
DELISTED
Insight Select Income Fund
INSI
$31.6M 0.86%
1,991,172
+84,415
+4% +$1.33M
VGM icon
22
Invesco Trust Investment Grade Municipals
VGM
$548M
$28.8M 0.78%
2,901,272
+1,003,668
+53% +$10M
AMAT icon
23
Applied Materials
AMAT
$403B
$28.7M 0.78%
233,890
-10,850
-4% -$1.25M
JNJ icon
24
Johnson & Johnson
JNJ
$618B
$28.1M 0.76%
181,596
-9,998
-5% -$1.61M
NVG icon
25
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$27.8M 0.75%
2,358,810
+1,202,610
+104% +$14.4M
1
2 3 4 5

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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.