SEC 13F Intelligence

Managers / Q3 2023 · view latest →

SIT INVESTMENT ASSOCIATES INC

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

Reported Value
$4M
Q3 2023
Positions
532
Filings on Record
32
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Sit Investment Associates Inc reported $4M in U.S.-listed holdings across 532 positions for Q3 2023.

Its largest position, MSFT, represents 3.0% of the portfolio.

Compared with Q2 2023, the fund opened 15 new positions and exited 29.

Portfolio Metrics

Turnover
+7.2%
vs prior filed quarter
Top-10 Concentration
+19.3%
share of reported value
Largest Position
+3.0%
Microsoft
New / Exited
15 / 29
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
Closed-End Fund: 47.3%Common Stock: 43.5%Other: 6.3%ADR: 2.3%REIT: 0.5%Other: 0.1%
  • Closed-End Fund · 47.3% · $2M
  • Common Stock · 43.5% · $2M
  • Other · 6.3% · $229,206
  • ADR · 2.3% · $85,372
  • REIT · 0.5% · $17,982
  • Other · 0.1% · $2,167

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
JFRNUVEEN FLOATING RATE INC FD JFNEW+1.07M1.07M+$8,781$8,781
DTEDTE ENERGY CONEW+79.1K79.1K+$7,852$7,852
JRINUVEEN REAL ASSET INC & GRW JRNEW+295.1K295.1K+$3,134$3,134
IRDMIRIDIUM COMMUNICATIONS INNEW+54.4K54.4K+$2,476$2,476
NINISOURCE INCNEW+96.3K96.3K+$2,377$2,377
METAMETA PLATFORMS INC CLASS ANEW+6.9K6.9K+$2,076$2,076
CSCOCISCO SYSTEMS INCNEW+31.6K31.6K+$1,699$1,699
VCELVERICEL CORPNEW+23.4K23.4K+$785$785

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

Holdings — Q3 2023

496 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COMMON2.98%$108,504343.6K
2AAPLAPPLE INChistory →COMMON2.91%$106,032619.3K
3CLMCORNERSTONE STRATEGIC VALUE FDhistory →CLM2.39%$87,13610.82M
4AVGOBROADCOM INChistory →COMMON1.74%$63,44176.4K
5PUTNAM PREMIER INCOME TRUST PPPPT1.69%$61,64118.40M
6PUTNAM MASTER INTERMEDIATE INCPIM1.65%$60,06319.89M
7BTZBLACKROCK CREDIT ALLOCATION INhistory →BTZ1.61%$58,5416.05M
8GOOGLALPHABET INC - CL ACOMMON1.57%$57,075435.2K
9MFS INTERMEDIATE INCOME TRUSTMIN1.54%$56,17320.96M
10XEVVXEATON VANCE LIMITED DURATION Ihistory →EVV1.21%$44,1294.88M
11UNHUNITEDHEALTH GROUP INChistory →COMMON1.19%$43,54086.4K
12NVDANVIDIA CORPhistory →COMMON1.18%$42,90398.6K
13DOUBLELINE OPP CREDIT FD DBLDBL1.11%$40,5312.78M
14XNEAXNUVEEN AMT-FREE QUALITY MUNI Ihistory →NEA1.08%$39,1924.05M
15IGRCBRE GBL REAL ESTATE INC IGRhistory →IGR1.02%$37,1448.25M
16NUVEEN PREFERRED & INCOME SECJPS0.94%$34,4235.58M
17NADNUVEEN QUALITY MUNICIPAL INC FNAD0.94%$34,3583.39M
18BKTBLACKROCK INCOME TR INC BKTBKT0.91%$33,2132.92M
19XXINSIXXINSIGHT SELECT INCOME FD INSIINSI0.91%$33,1672.21M
20BLACKROCK TAXABLE MUNI BOND TRBBN0.90%$32,6402.15M
21AMATAPPLIED MATERIALS INCCOMMON0.88%$32,100231.9K
22KTFDWS MUNICIPAL INCOME TRUST KTFKTF0.82%$29,7683.87M
23CHUBB LTDCOMMON0.81%$29,584142.1K
24ECATBLACKROCK ESG CAPITAL ALLOC TRECAT0.79%$28,8861.95M
25COPCONOCOPHILLIPSCOMMON0.77%$28,056234.2K
26NBBNUVEEN BUILD AMERICA BOND FD NNBB0.76%$27,6951.91M
27TSITCW STRATEGIC INCOME FD TSITSI0.76%$27,6786.04M
28NUVEEN AMT-FREE MUNI CREDIT INNVG0.75%$27,3702.65M
29JNJJOHNSON & JOHNSONCOMMON0.74%$27,007173.4K
30ACCENTURE PLC CL ACOMMON0.74%$26,98887.9K
31NUVEEN MULTI-MARKET INC FD JMMJMM0.70%$25,4904.54M
32TMOTHERMO FISHER SCIENTIFIC INCCOMMON0.69%$25,30250.0K
33JHSJOHN HANCOCK INCOME SECURITIESJHS0.69%$25,1412.45M
34JLSNUVEEN MORTGAGE & INCOME FD JLJLS0.66%$23,9961.51M
35JPMJPMORGAN CHASE & COCOMMON0.65%$23,689163.3K
36FMYFIRST TR MORTGAGE INCOME FD FMFMY0.64%$23,2452.08M
37INVESCO TRUST FOR INV GRADE MUVGM0.63%$23,1242.72M
38PEPPEPSICO INCCOMMON0.61%$22,214131.1K
39VVISA INCCOMMON0.61%$22,16796.4K
40EMOCLEARBRIDGE ENERGY MLP OPP FDEMO0.59%$21,457676.9K
41AMZNAMAZON.COM INCCOMMON0.58%$21,145166.3K
42FDXFEDEX CORPCOMMON0.56%$20,51877.5K
43ABTABBOTT LABORATORIESCOMMON0.56%$20,382210.4K
44NUVEEN MUNICIPAL CREDIT INC FDNZF0.56%$20,2901.95M
45ADBEADOBE INCCOMMON0.55%$20,08339.4K
46INTUINTUIT INCCOMMON0.54%$19,84438.8K
47UNPUNION PACIFIC CORPCOMMON0.53%$19,47495.6K
48HYTBLACKROCK CORP HIGH YIELD FD HHYT0.53%$19,4492.25M
49WDIWESTERN ASSET DIVERSIFIED INCWDI0.53%$19,3561.46M
50ZTRVIRTUS TOTAL RETURN FUND INC ZZTR0.53%$19,3434.03M
51TJXTJX COS INC/THECOMMON0.53%$19,260216.7K
52AZNNASTRAZENECA PLC ADRDEPOSITARY RECEI0.52%$19,046281.3K
53ORCLORACLE CORPCOMMON0.52%$18,981179.2K
54HYIWESTERN ASSET HGH YLD DFN FD HHYI0.50%$18,3921.60M
55HDHOME DEPOT INCCOMMON0.50%$18,17260.1K
56MFS GOVERNMENT MARKETS INCOMEMGF0.49%$18,0375.89M
57XAXCXINVESCO DYNAMIC CREDIT OPP FDXAXCX0.49%$17,9401.59M
58VKQINVESCO MUNICIPAL TRUST VKQVKQ0.47%$17,0222.04M
59CB1ACONSTELLATION BRANDS INCCOMMON0.46%$16,91567.3K
60MILLER HOWARD HIGH INC EQ HIEHIE0.46%$16,5931.67M
61MCDMCDONALD'S CORPCOMMON0.45%$16,30961.9K
62MDLZMONDELEZ INTERNATIONAL INCCOMMON0.44%$16,172233.0K
63HONGBPHONEYWELL INTERNATIONAL INCCOMMON0.44%$16,01886.7K
64EXMOCEXXON MOBIL CORPCOMMON0.43%$15,663133.2K
65BLACKROCK ENHANCED GOVERNMENTEGF0.42%$15,3921.56M
66VBFINVESCO BOND FUND VBFVBF0.42%$15,3861.06M
67BGBBLACKSTONE STRAT CR 2027 TERMBGB0.42%$15,3611.40M
68A4SAMERIPRISE FINANCIAL INCCOMMON0.41%$14,82745.0K
69NUVEEN NJ QUALITY MUNI INC FDNXJ0.40%$14,7381.39M
70NMAINUVEEN MULTI ASSET INCOME NMANMAI0.40%$14,6191.31M
71EATON VANCE MUNICIPAL BOND FUNEIM0.40%$14,6131.63M
72RIVERNORTH CAP AND INCM FD RSRSF0.39%$14,153928.7K
73WEAWESTERN ASSET PREMIER BOND FUNWEA0.39%$14,1511.40M
74BHKBLACKROCK CORE BOND TRUST BHKBHK0.38%$13,6831.38M
75BAHBOOZ ALLEN HAMILTON HOLDING COCOMMON0.37%$13,537123.9K
76LNGCHENIERE ENERGY INCCOMMON0.37%$13,50781.4K
77ANETEURARISTA NETWORKS INCCOMMON0.37%$13,33172.5K
78CRMSALESFORCE INCCOMMON0.36%$13,14164.8K
79SIEBSIEMENS AG ADRDEPOSITARY RECEI0.36%$13,119183.6K
80NUVEEN VAR RT PREF & INC NPFDNPFD0.36%$13,005830.0K
81DC4DEXCOM INCCOMMON0.35%$12,792137.1K
82WMWASTE MANAGEMENT INCCOMMON0.35%$12,75383.7K
83INVESCO PA VALUE MUNI INC TR VVPV0.35%$12,6311.41M
84ACPABERDEEN INC CREDIT STRATEGIESACP0.34%$12,4631.83M
85FRANKLIN LIMITED DURATION INCOFTF0.34%$12,3172.02M
86CPZCALAMOS LNG/SHRT EQ & DYN CPZCPZ0.34%$12,255828.6K
87GILDGILEAD SCIENCES INCCOMMON0.33%$12,193162.7K
88XEVGXEATON VANCE SHORT DUR DIVERSIFEVG0.33%$11,9511.15M
89INVESCO MUNICIPAL OPPORTUNITYVMO0.33%$11,9261.45M
90ICEINTERCONTINENTAL EXCHANGE INCCOMMON0.33%$11,920108.3K
91KIOKKR INCOME OPPORTUNITIES FD KIKIO0.32%$11,757983.0K
92WA GLOBAL CORPORATE DEFINED OPGDO0.32%$11,665984.4K
93GDGENERAL DYNAMICS CORPCOMMON0.32%$11,63252.6K
94FSCOFS CREDIT OPPORTUNITIES FD FSFSCO0.32%$11,5902.14M
95WESTERN ASSET INV GRA DEF OPPIGI0.31%$11,387719.3K
96TEAM1EURATLASSIAN CORP PLCCOMMON0.31%$11,32556.2K
97GSGOLDMAN SACHS GROUP INC/THECOMMON0.31%$11,18734.6K
98RGAREINSURANCE GROUP OF AMERICA ICOMMON0.31%$11,17977.0K
99PIONEER MUNI HIGH INC OPP MIOMIO0.30%$10,9471.15M
100NUVEEN PA QUALITY MUNI INC FDNQP0.30%$10,9311.07M

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 ↗.