SEC 13F Intelligence

Managers / Q2 2023 · view latest →

SIT INVESTMENT ASSOCIATES INC

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

Reported Value
$4M
Q2 2023
Positions
546
Filings on Record
32
2019–present window
Filed
Aug 10, 2023
original filing

Summary

Sit Investment Associates Inc reported $4M in U.S.-listed holdings across 546 positions for Q2 2023.

Its largest position, CLM, represents 3.6% of the portfolio.

Compared with Q1 2023, the fund opened 29 new positions and exited 17.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+20.4%
share of reported value
Largest Position
+3.6%
Cornerstone Strategic Value Fd
New / Exited
29 / 17
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: $4MQ1 ’23Q2 ’23: $4MQ3 ’23: $4MQ4 ’23: $4MQ1 ’24: $4MQ1 ’24Q2 ’24: $4MQ3 ’24: $4MQ4 ’24: $4MQ1 ’25: $4MQ1 ’25Q2 ’25: $5MQ3 ’25: $5MQ4 ’25: $5MQ1 ’26: $5MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 47.0%Closed-End Fund: 46.9%Other: 2.8%ADR: 2.5%REIT: 0.8%Other: 0.1%
  • Common Stock · 47.0% · $2M
  • Closed-End Fund · 46.9% · $2M
  • Other · 2.8% · $106,721
  • ADR · 2.5% · $93,845
  • REIT · 0.8% · $29,593
  • Other · 0.1% · $4,640

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ETFMG ULTRA SHORT ETF VALTNEW+249.3K249.3K+$12,089$12,089
PPLPPL CORPNEW+322.6K322.6K+$8,535$8,535
XBFZXBLACKROCK CA MUNICIPAL INCOMENEW+446.7K446.7K+$5,298$5,298
FTITECHNIPFMC PLCNEW+121.5K121.5K+$2,019$2,019
NEUBERGER BERMN CA INT MUN NBWNEW+158.1K158.1K+$1,684$1,684
CXTCRANE NXT COMPANYNEW+29.6K29.6K+$1,672$1,672
SBACSBA COMMUNICATIONS CORPNEW+6.5K6.5K+$1,501$1,501
XNDPXTORTOISE ENERGY INDEPENDENCE NNEW+47.7K47.7K+$1,371$1,371

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

Holdings — Q2 2023

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CLMCORNERSTONE STRATEGIC VALUE FDhistory →COMMON3.61%$138,10416.48M
2AAPLAPPLE INChistory →COMMON3.17%$121,385625.8K
3MSFTMICROSOFT CORPhistory →COMMON3.00%$114,806337.1K
4AVGOBROADCOM INChistory →COMMON1.75%$66,79077.0K
5PPTPUTNAM PREMIER INCOME TRUST PPhistory →COMMON1.60%$61,41917.45M
6BTZBLACKROCK CREDIT ALLOCATION INhistory →COMMON1.60%$61,1046.02M
7PIMPUTNAM MASTER INTERMEDIATE INChistory →COMMON1.53%$58,60718.55M
8MFS INTERMEDIATE INCOME TRUSTCOMMON1.41%$53,95319.69M
9GOOGLALPHABET INC - CL ACOMMON1.37%$52,483437.1K
10IGRCBRE GBL REAL ESTATE INC IGRhistory →COMMON1.33%$50,9739.75M
11XNEAXNUVEEN AMT-FREE QUALITY MUNI Ihistory →COMMON1.23%$47,1554.31M
12XEVVXEATON VANCE LIMITED DURATION Ihistory →COMMON1.17%$44,8634.79M
13NADNUVEEN QUALITY MUNICIPAL INC Fhistory →COMMON1.11%$42,6303.78M
14UNHUNITEDHEALTH GROUP INChistory →COMMON1.06%$40,57184.4K
15DBLDOUBLELINE OPP CREDIT FD DBLhistory →COMMON1.03%$39,2632.71M
16HYTBLACKROCK CORP HIGH YIELD FD HCOMMON0.99%$37,8304.24M
17NVDANVIDIA CORPCOMMON0.96%$36,59386.5K
18KTFDWS MUNICIPAL INCOME TRUST KTFCOMMON0.92%$35,3894.11M
19BKTBLACKROCK INCOME TR INC BKTCOMMON0.92%$35,1422.89M
20NVGNUVEEN AMT-FREE MUNI CREDIT INCOMMON0.92%$35,0443.00M
21AMATAPPLIED MATERIALS INCCOMMON0.88%$33,505231.8K
22XXINSIXXINSIGHT SELECT INCOME FD INSICOMMON0.84%$32,1772.06M
23NUVEEN PREFERRED & INCOME SECCOMMON0.80%$30,6714.81M
24CRFCORNERSTONE TOTAL RETURN FD CRCOMMON0.78%$29,8833.74M
25VGMINVESCO TRUST FOR INV GRADE MUCOMMON0.77%$29,6363.05M
26JNJJOHNSON & JOHNSONCOMMON0.76%$29,013175.3K
27ECATBLACKROCK ESG CAPITAL ALLOC TRCOMMON0.73%$27,9051.78M
28ZTRVIRTUS TOTAL RETURN FUND INC ZCOMMON0.70%$26,8964.42M
29CBCHUBB LTDCOMMON0.70%$26,842139.4K
30ACNACCENTURE PLC CL ACOMMON0.69%$26,28985.2K
31NZFNUVEEN MUNICIPAL CREDIT INC FDCOMMON0.68%$26,0702.24M
32JMMNUVEEN MULTI-MARKET INC FD JMMCOMMON0.67%$25,7534.44M
33TMOTHERMO FISHER SCIENTIFIC INCCOMMON0.66%$25,24448.4K
34COPCONOCOPHILLIPSCOMMON0.66%$25,183243.1K
35PEPPEPSICO INCCOMMON0.64%$24,519132.4K
36JLSNUVEEN MORTGAGE & INCOME FD JLCOMMON0.64%$24,3321.51M
37ABTABBOTT LABORATORIESCOMMON0.62%$23,569216.2K
38JHSJOHN HANCOCK INCOME SECURITIESCOMMON0.61%$23,3832.17M
39TSITCW STRATEGIC INCOME FD TSICOMMON0.61%$23,3335.04M
40VVISA INCCOMMON0.60%$23,06697.1K
41FMYFIRST TR MORTGAGE INCOME FD FMCOMMON0.58%$22,2081.99M
42JPMJPMORGAN CHASE & COCOMMON0.57%$21,817150.0K
43AMZNAMAZON.COM INCCOMMON0.56%$21,616165.8K
44WDIWESTERN ASSET DIVERSIFIED INCCOMMON0.54%$20,5131.52M
45ORCLORACLE CORPCOMMON0.53%$20,297170.4K
46VKQINVESCO MUNICIPAL TRUST VKQCOMMON0.53%$20,1892.14M
47XAXCXINVESCO DYNAMIC CREDIT OPP FDCOMMON0.51%$19,6641.78M
48UNPUNION PACIFIC CORPCOMMON0.51%$19,52595.4K
49AZNNASTRAZENECA PLC ADRDEPOSITARY RECEI0.50%$19,298269.6K
50NBBNUVEEN BUILD AMERICA BOND FD NCOMMON0.50%$19,0691.22M
51TJXTJX COS INC/THECOMMON0.50%$19,018224.3K
52FDXFEDEX CORPCOMMON0.49%$18,88876.2K
53HDHOME DEPOT INCCOMMON0.48%$18,44959.4K
54INTUINTUIT INCCOMMON0.48%$18,21739.8K
55ADBEADOBE INCCOMMON0.47%$17,82036.4K
56DXCMDEXCOM INCCOMMON0.45%$17,411135.5K
57EMOCLEARBRIDGE ENERGY MLP OPP FDCOMMON0.45%$17,237577.3K
58NEENEXTERA ENERGY INCCOMMON0.45%$17,235232.3K
59BHKBLACKROCK CORE BOND TRUST BHKCOMMON0.45%$17,1621.61M
60MDLZMONDELEZ INTERNATIONAL INCCOMMON0.44%$16,923232.0K
61SIEGYSIEMENS AG ADRDEPOSITARY RECEI0.44%$16,914202.8K
62MFS GOVERNMENT MARKETS INCOMECOMMON0.44%$16,8285.24M
63VBFINVESCO BOND FUND VBFCOMMON0.44%$16,6711.12M
64STZCONSTELLATION BRANDS INCCOMMON0.43%$16,45966.9K
65AMPAMERIPRISE FINANCIAL INCCOMMON0.43%$16,43049.5K
66HONHONEYWELL INTERNATIONAL INCCOMMON0.42%$16,22678.2K
67MCDMCDONALD'S CORPCOMMON0.42%$16,15954.1K
68ACPABERDEEN INC CREDIT STRATEGIESCOMMON0.42%$16,0132.34M
69WEAWESTERN ASSET PREMIER BOND FUNCOMMON0.41%$15,7821.55M
70BGBBLACKSTONE STRAT CR 2027 TERMCOMMON0.40%$15,1521.39M
71XEGFXBLACKROCK ENHANCED GOVERNMENTCOMMON0.39%$14,9671.57M
72VMOINVESCO MUNICIPAL OPPORTUNITYCOMMON0.38%$14,4541.53M
73XNXJXNUVEEN NJ QUALITY MUNI INC FDCOMMON0.38%$14,3691.25M
74BAHBOOZ ALLEN HAMILTON HOLDING COCOMMON0.37%$14,148126.8K
75VPVINVESCO PA VALUE MUNI INC TR VCOMMON0.36%$13,9421.41M
76EIMEATON VANCE MUNICIPAL BOND FUNCOMMON0.36%$13,9131.40M
77CRMSALESFORCE INCCOMMON0.36%$13,59864.4K
78WMWASTE MANAGEMENT INCCOMMON0.34%$13,02075.1K
79AMTAMERICAN TOWER CORPREIT0.34%$12,99767.0K
80XHIEXMILLER HOWARD HIGH INC EQ HIECOMMON0.34%$12,9601.28M
81XFDEXFIRST TR DYNAMIC EUROPE EQ INCCOMMON0.33%$12,708969.7K
82SWKSSKYWORKS SOLUTIONS INCCOMMON0.33%$12,635114.1K
83FTFFRANKLIN LIMITED DURATION INCOCOMMON0.33%$12,4992.02M
84ADIANALOG DEVICES INCCOMMON0.33%$12,44963.9K
85KIOKKR INCOME OPPORTUNITIES FD KICOMMON0.32%$12,4261.07M
86NPFDNUVEEN VAR RT PREF & INC NPFDCOMMON0.32%$12,404801.3K
87BBNBLACKROCK TAXABLE MUNI BOND TRCOMMON0.32%$12,353744.6K
88VKIINVESCO ADVANTAGE MUNI INC TRUCOMMON0.32%$12,3491.47M
89LNGCHENIERE ENERGY INCCOMMON0.32%$12,29680.7K
90ETFMG ULTRA SHORT ETF VALTCOMMON0.32%$12,089249.3K
91WIWWA INFLATION-LINKED OPP & INCCOMMON0.31%$12,0291.36M
92XRSFXRIVERNORTH CAP AND INCM FD RSCOMMON0.31%$11,992777.7K
93PGPROCTER & GAMBLE COCOMMON0.31%$11,98179.0K
94ARISTA NETWORKS INCCOMMON0.31%$11,96573.8K
95CPZCALAMOS LNG/SHRT EQ & DYN CPZCOMMON0.31%$11,883768.1K
96EXMOCEXXON MOBIL CORPCOMMON0.31%$11,833110.3K
97OREALTY INCOME CORPREIT0.31%$11,765196.8K
98XNQPXNUVEEN PA QUALITY MUNI INC FDCOMMON0.30%$11,6141.03M
99GSGOLDMAN SACHS GROUP INC/THECOMMON0.30%$11,38035.3K
100APDAIR PRODUCTS & CHEMICALS INCCOMMON0.30%$11,35537.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5M501May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025REVEALED$5M512Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$5M516Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$5M524Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$4M522May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$4M530Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$4M540Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$4M533Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$4M523May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$4M535Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$4M532Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$4M546Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$4M534May 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 ↗.