SEC 13F Intelligence

Managers / Q1 2023 · view latest →

SIT INVESTMENT ASSOCIATES INC

CIK 0000769317 · 3300 IDS CENTER, 80 SOUTH EIGHTH STREET, MINNEAPOLIS, MN, 55402 · 6123323223

Reported Value
$3.7B
Q1 2023
Positions
534
Filings on Record
32
2019–present window
Filed
May 11, 2023
original filing

Summary

Sit Investment Associates Inc reported $3.7B in U.S.-listed holdings across 534 positions for Q1 2023.

Its largest position, CLM, represents 3.7% of the portfolio.

Compared with Q4 2022, the fund opened 22 new positions and exited 30.

Portfolio Metrics

Turnover
+8.6%
vs prior filed quarter
Top-10 Concentration
+19.6%
share of reported value
Largest Position
+3.7%
Cornerstone Strategic Value Fd
New / Exited
22 / 30
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $3.1BQ4 ’18Q1 ’19: $3.2BQ2 ’19: $3.2BQ3 ’19: $3.3BQ4 ’19: $3.5BQ4 ’19Q1 ’20: $2.6BQ2 ’20: $3.2BQ3 ’20: $3.4BQ4 ’20: $3.7BQ4 ’20Q1 ’21: $3.8BQ2 ’21: $4.0BQ3 ’21: $3.9BQ4 ’21: $4.3BQ4 ’21Q1 ’22: $3.7BQ2 ’22: $3.3BQ3 ’22: $3.3BQ1 ’23: $3.7BQ1 ’23Q2 ’23: $3.8BQ3 ’23: $3.6BQ4 ’23: $4.1BQ1 ’24: $4.3BQ1 ’24Q2 ’24: $4.3BQ3 ’24: $4.5BQ4 ’24: $4.4BQ1 ’25: $4.3BQ1 ’25Q2 ’25: $4.7BQ3 ’25: $4.9BQ4 ’25: $5.1BQ1 ’26: $4.9BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Closed-End Fund: 47.4%Common Stock: 46.0%Other: 3.1%ADR: 2.6%REIT: 0.9%Other: 0.1%
  • Closed-End Fund · 47.4% · $1.7B
  • Common Stock · 46.0% · $1.7B
  • Other · 3.1% · $116M
  • ADR · 2.6% · $94M
  • REIT · 0.9% · $33M
  • Other · 0.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ACPABERDEEN INC CREDIT STRATEGIESNEW+2.99M2.99M+$20M$20M
BNYBANK OF NEW YORK MELLON CORPNEW+228.1K228.1K+$10M$10M
LINLINDE PLCNEW+23.2K23.2K+$8M$8M
IBMINTL BUSINESS MACHINES CORPNEW+55.6K55.6K+$7M$7M
XEVMXEATON VANCE CA MUNICIPAL BONDNEW+661.7K661.7K+$6M$6M
ETVEATON VANCE T/M BUY-WRITE OP ENEW+362.3K362.3K+$5M$5M
ASGIABERDEEN STD GLBL INFR INC FDNEW+230.3K230.3K+$4M$4M
CRCRANE COMPANYNEW+29.6K29.6K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CLMCORNERSTONE STRATEGIC VALUE FDhistory →COMMON3.68%$135M17.38M
2AAPLAPPLE INChistory →COMMON2.92%$107M651.7K
3MSFTMICROSOFT CORPhistory →COMMON2.67%$98M341.3K
4BTZBLACKROCK CREDIT ALLOCATION INhistory →COMMON1.66%$61M5.94M
5PPTPUTNAM PREMIER INCOME TRUST PPhistory →COMMON1.65%$61M17.10M
6PIMPUTNAM MASTER INTERMEDIATE INChistory →COMMON1.55%$57M17.93M
7MFS INTERMEDIATE INCOME TRUSTCOMMON1.48%$54M19.63M
8AVGOBROADCOM INChistory →COMMON1.42%$52M81.6K
9XNEAXNUVEEN AMT-FREE QUALITY MUNI Ihistory →COMMON1.33%$49M4.39M
10HYTBLACKROCK CORP HIGH YIELD FD Hhistory →COMMON1.27%$47M5.38M
11GOOGLALPHABET INC - CL ACOMMON1.25%$46M443.6K
12XEVVXEATON VANCE LIMITED DURATION Ihistory →COMMON1.23%$45M4.62M
13NADNUVEEN QUALITY MUNICIPAL INC Fhistory →COMMON1.21%$45M3.86M
14NUVEEN PREFERRED & INCOME SECCOMMON1.09%$40M6.20M
15UNHUNITEDHEALTH GROUP INChistory →COMMON1.01%$37M79.0K
16DBLDOUBLELINE OPP CREDIT FD DBLhistory →COMMON1.01%$37M2.62M
17KTFDWS MUNICIPAL INCOME TRUST KTFhistory →COMMON0.99%$36M4.08M
18CRFCORNERSTONE TOTAL RETURN FD CRhistory →COMMON0.95%$35M4.72M
19ZTRVIRTUS TOTAL RETURN FUND INC Zhistory →COMMON0.92%$34M5.21M
20BKTBLACKROCK INCOME TR INC BKThistory →COMMON0.92%$34M2.68M
21XXINSIXXINSIGHT SELECT INCOME FD INSIhistory →COMMON0.86%$32M1.99M
22VGMINVESCO TRUST FOR INV GRADE MUhistory →COMMON0.78%$29M2.90M
23AMATAPPLIED MATERIALS INChistory →COMMON0.78%$29M233.9K
24JNJJOHNSON & JOHNSONhistory →COMMON0.76%$28M181.6K
25NVGNUVEEN AMT-FREE MUNI CREDIT INhistory →COMMON0.75%$28M2.36M
26CBCHUBB LTDhistory →COMMON0.73%$27M138.2K
27ACNACCENTURE PLC CL Ahistory →COMMON0.69%$26M89.4K
28JMMNUVEEN MULTI-MARKET INC FD JMMhistory →COMMON0.69%$25M4.37M
29PEPPEPSICO INChistory →COMMON0.67%$25M135.3K
30NVDANVIDIA CORPhistory →COMMON0.67%$25M88.3K
31TMOTHERMO FISHER SCIENTIFIC INChistory →COMMON0.66%$24M42.3K
32COPCONOCOPHILLIPShistory →COMMON0.65%$24M242.5K
33JLSNUVEEN MORTGAGE & INCOME FD JLhistory →COMMON0.65%$24M1.50M
34WIWWA INFLATION-LINKED OPP & INChistory →COMMON0.63%$23M2.54M
35TSITCW STRATEGIC INCOME FD TSIhistory →COMMON0.62%$23M4.88M
36VVISA INChistory →COMMON0.61%$23M100.0K
37FMYFIRST TR MORTGAGE INCOME FD FMhistory →COMMON0.61%$22M1.98M
38XAXCXINVESCO DYNAMIC CREDIT OPP FDhistory →COMMON0.60%$22M2.00M
39WDIWESTERN ASSET DIVERSIFIED INChistory →COMMON0.59%$22M1.64M
40JHSJOHN HANCOCK INCOME SECURITIEShistory →COMMON0.59%$22M2.00M
41ABTABBOTT LABORATORIEShistory →COMMON0.59%$22M214.2K
42VKQINVESCO MUNICIPAL TRUST VKQhistory →COMMON0.54%$20M2.02M
43ACPABERDEEN INC CREDIT STRATEGIEShistory →COMMON0.54%$20M2.99M
44UNPUNION PACIFIC CORPhistory →COMMON0.53%$20M97.3K
45XFDEXFIRST TR DYNAMIC EUROPE EQ INChistory →COMMON0.53%$20M1.54M
46AZNNASTRAZENECA PLC ADRhistory →DEPOSITARY RECEI0.51%$19M269.8K
47HDHOME DEPOT INChistory →COMMON0.49%$18M61.2K
48TJXTJX COS INC/THEhistory →COMMON0.49%$18M230.4K
49SIEGYSIEMENS AG ADRhistory →DEPOSITARY RECEI0.49%$18M221.8K
50INTUINTUIT INChistory →COMMON0.48%$18M39.6K
51ORCLORACLE CORPhistory →COMMON0.48%$18M188.4K
52BHKBLACKROCK CORE BOND TRUST BHKhistory →COMMON0.47%$17M1.59M
53AMZNAMAZON.COM INChistory →COMMON0.46%$17M164.6K
54ECATBLACKROCK ESG CAPITAL ALLOC TRhistory →COMMON0.46%$17M1.08M
55XEGFXBLACKROCK ENHANCED GOVERNMENThistory →COMMON0.46%$17M1.72M
56MDLZMONDELEZ INTERNATIONAL INChistory →COMMON0.45%$17M239.4K
57NUVEEN OHIO QUALITY INCOME MUNCOMMON0.45%$17M1.31M
58VBFINVESCO BOND FUND VBFhistory →COMMON0.45%$17M1.08M
59FDXFEDEX CORPhistory →COMMON0.44%$16M70.9K
60AMPAMERIPRISE FINANCIAL INChistory →COMMON0.44%$16M52.5K
61MCDMCDONALD'S CORPhistory →COMMON0.43%$16M57.0K
62EMOCLEARBRIDGE ENERGY MLP OPP FDhistory →COMMON0.43%$16M563.3K
63MFS GOVERNMENT MARKETS INCOMECOMMON0.43%$16M4.80M
64WEAWESTERN ASSET PREMIER BOND FUNhistory →COMMON0.43%$16M1.55M
65DXCMDEXCOM INChistory →COMMON0.43%$16M135.0K
66BGBBLACKSTONE STRAT CR 2027 TERMhistory →COMMON0.41%$15M1.42M
67NEENEXTERA ENERGY INChistory →COMMON0.40%$15M191.5K
68HONHONEYWELL INTERNATIONAL INChistory →COMMON0.40%$15M76.9K
69NPFDNUVEEN VAR RT PREF & INC NPFDhistory →COMMON0.39%$14M906.4K
70XNXJXNUVEEN NJ QUALITY MUNI INC FDhistory →COMMON0.39%$14M1.22M
71GSGOLDMAN SACHS GROUP INC/THEhistory →COMMON0.39%$14M43.7K
72VMOINVESCO MUNICIPAL OPPORTUNITYhistory →COMMON0.38%$14M1.42M
73ADIANALOG DEVICES INChistory →COMMON0.38%$14M70.7K
74EIMEATON VANCE MUNICIPAL BOND FUNhistory →COMMON0.36%$13M1.29M
75SDHYPGIM SHORT DUR HI YLD SDHYhistory →COMMON0.36%$13M897.5K
76STZCONSTELLATION BRANDS INChistory →COMMON0.35%$13M57.8K
77VKIINVESCO ADVANTAGE MUNI INC TRUhistory →COMMON0.35%$13M1.46M
78VPVINVESCO PA VALUE MUNI INC TR Vhistory →COMMON0.35%$13M1.28M
79SWKSSKYWORKS SOLUTIONS INChistory →COMMON0.35%$13M108.9K
80NBBNUVEEN BUILD AMERICA BOND FD Nhistory →COMMON0.35%$13M792.3K
81CRMSALESFORCE INChistory →COMMON0.35%$13M63.9K
82WMWASTE MANAGEMENT INChistory →COMMON0.34%$13M77.4K
83LNGCHENIERE ENERGY INChistory →COMMON0.34%$13M80.1K
84FTFFRANKLIN LIMITED DURATION INCOhistory →COMMON0.34%$13M2.04M
85AMTAMERICAN TOWER CORPhistory →REIT0.34%$12M61.1K
86PTACOHEN & STEERS TAX ADVANTAGE Phistory →COMMON0.33%$12M688.5K
87PGPROCTER & GAMBLE COhistory →COMMON0.33%$12M81.3K
88GDGENERAL DYNAMICS CORPhistory →COMMON0.33%$12M52.7K
89BAHBOOZ ALLEN HAMILTON HOLDING COhistory →COMMON0.33%$12M129.3K
90EXMOCEXXON MOBIL CORPhistory →COMMON0.32%$12M109.0K
91OREALTY INCOME CORPhistory →REIT0.32%$12M187.8K
92XELXCEL ENERGY INChistory →COMMON0.32%$12M173.0K
93CPZCALAMOS LNG/SHRT EQ & DYN CPZhistory →COMMON0.32%$12M753.3K
94XHIEXMILLER HOWARD HIGH INC EQ HIEhistory →COMMON0.31%$12M1.15M
95XRSFXRIVERNORTH CAP AND INCM FD RShistory →COMMON0.31%$11M733.6K
96KIOKKR INCOME OPPORTUNITIES FD KIhistory →COMMON0.31%$11M1.03M
97XNQPXNUVEEN PA QUALITY MUNI INC FDhistory →COMMON0.30%$11M977.4K
98APDAIR PRODUCTS & CHEMICALS INChistory →COMMON0.30%$11M38.7K
99JPMJPMORGAN CHASE & COhistory →COMMON0.30%$11M85.1K
100TE CONNECTIVITY LTDCOMMON0.30%$11M84.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$4.9B501May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025REVEALED$5.1B512Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$4.9B516Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.7B524Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.3B522May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.4B530Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.5B540Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.3B533Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.3B523May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.1B535Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.6B532Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.8B546Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.7B534May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review542Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.3B520Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.3B515Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.7B516May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$4.3B515Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.9B474Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$4.0B531Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.8B527May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.7B523Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$3.4B515Nov 12, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$3.2B523Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.6B530May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.5B516Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.3B520Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$3.2B530Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$3.2B531May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$3.1B535Jan 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • SIT FIXED INCOME ADVISORS II LLC /ADV028-19972

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.