SEC 13F Intelligence

Managers / Q1 2025 · view latest →

SIT INVESTMENT ASSOCIATES INC

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

Reported Value
$4M
Q1 2025
Positions
522
Filings on Record
32
2019–present window
Filed
May 13, 2025
original filing

Summary

Sit Investment Associates Inc reported $4M in U.S.-listed holdings across 522 positions for Q1 2025.

Its largest position, MSFT, represents 2.6% of the portfolio.

Compared with Q4 2024, the fund opened 21 new positions and exited 29.

Portfolio Metrics

Turnover
+9.6%
vs prior filed quarter
Top-10 Concentration
+20.5%
share of reported value
Largest Position
+2.6%
Microsoft
New / Exited
21 / 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: 50.1%Common Stock: 46.6%ADR: 2.1%Other: 0.8%REIT: 0.3%Other: 0.1%
  • Closed-End Fund · 50.1% · $2M
  • Common Stock · 46.6% · $2M
  • ADR · 2.1% · $89,457
  • Other · 0.8% · $32,484
  • REIT · 0.3% · $13,961
  • Other · 0.1% · $3,999

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
JFRNUVEEN FLOATING RATE INC FD JFNEW+6.55M6.55M+$55,473$55,473
XNROXNEUBERGER BERMAN REAL ESTATE SNEW+9.46M9.46M+$31,234$31,234
KIOKKR INCOME OPPORTUNITIES FD KINEW+2.26M2.26M+$27,786$27,786
SYKSTRYKER CORPNEW+21.6K21.6K+$8,041$8,041
HIGHARTFORD INSURANCE GROUP INCNEW+62.1K62.1K+$7,680$7,680
FLSFLOWSERVE CORPNEW+130.0K130.0K+$6,348$6,348
BSTZBLACKROCK SCI & TECH TRM TR BSNEW+238.9K238.9K+$4,237$4,237
BGBBLACKSTONE STRAT CR 2027 TERMNEW+330.9K330.9K+$3,997$3,997

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

Holdings — Q1 2025

498 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COMMON2.61%$111,410296.8K
2AAPLAPPLE INChistory →COMMON2.57%$109,512493.0K
3NVDANVIDIA CORPhistory →COMMON2.23%$95,305879.4K
4AVGOBROADCOM INChistory →COMMON2.09%$89,071532.0K
5KTFDWS MUNICIPAL INCOME TRUST KTFhistory →COMMON2.04%$87,0389.28M
6BBNBLACKROCK TAXABLE MUNI BOND TRhistory →COMMON2.02%$86,0955.16M
7PPTPUTNAM PREMIER INCOME TRUST PPhistory →COMMON1.95%$82,96322.98M
8PIMPUTNAM MASTER INTERMEDIATE INChistory →COMMON1.80%$76,61023.08M
9FINSANGEL OAK FINANCIAL STRAT INChistory →COMMON1.68%$71,4705.30M
10MFS INTERMEDIATE INCOME TRUSTCOMMON1.54%$65,68824.42M
11NBBNUVEEN BUILD AMERICA BOND FD Nhistory →COMMON1.45%$61,8483.86M
12BTZBLACKROCK CREDIT ALLOCATION INhistory →COMMON1.40%$59,8305.58M
13GOOGLALPHABET INC - CL ACOMMON1.38%$59,054380.9K
14JFRNUVEEN FLOATING RATE INC FD JFhistory →COMMON1.30%$55,4736.55M
15XEVVXEATON VANCE LIMITED DURATION Ihistory →COMMON1.21%$51,5525.17M
16NPFDNUVEEN VAR RT PREF & INC NPFDhistory →COMMON1.16%$49,6292.64M
17DBLDOUBLELINE OPP CREDIT FD DBLhistory →COMMON1.16%$49,5283.17M
18AMZNAMAZON.COM INChistory →COMMON1.11%$47,351248.9K
19AVKADVENT CLAYMORE CV SEC AND INChistory →COMMON1.10%$46,9274.07M
20BKTBLACKROCK INCOME TR INC BKTCOMMON0.96%$40,7413.44M
21METAMETA PLATFORMS INC CLASS ACOMMON0.91%$38,69367.1K
22TSITCW STRATEGIC INCOME FD TSICOMMON0.85%$36,3867.49M
23JMMNUVEEN MULTI-MARKET INC FD JMMCOMMON0.82%$34,8085.60M
24CBCHUBB LTDCOMMON0.80%$34,147113.1K
25JHSJOHN HANCOCK INCOME SECURITIESCOMMON0.79%$33,5492.96M
26UNHUNITEDHEALTH GROUP INCCOMMON0.78%$33,15763.3K
27XEVMXEATON VANCE CA MUNICIPAL BONDCOMMON0.77%$32,7773.54M
28JPCNUVEEN PREFERRED INCOME OPPORTCOMMON0.77%$32,6844.11M
29BTXBLACKROCK TECH & PRIV EQ TERMCOMMON0.74%$31,4575.03M
30XNROXNEUBERGER BERMAN REAL ESTATE SCOMMON0.73%$31,2349.46M
31XMIOXPIONEER MUNI HIGH INC OPP MIOCOMMON0.70%$30,0062.55M
32EHIWESTERN ASSET GLOBAL HIGH INCCOMMON0.69%$29,3904.45M
33JPMJPMORGAN CHASE & COCOMMON0.67%$28,459116.0K
34KIOKKR INCOME OPPORTUNITIES FD KICOMMON0.65%$27,7862.26M
35FMYFIRST TR MORTGAGE INCOME FD FMCOMMON0.65%$27,5352.25M
36FSCOFS CREDIT OPPORTUNITIES FD FSCOMMON0.63%$26,7733.80M
37MFS GOVERNMENT MARKETS INCOMECOMMON0.62%$26,6338.40M
38JLSNUVEEN MORTGAGE & INCOME FD JLCOMMON0.62%$26,5791.42M
39VVISA INCCOMMON0.62%$26,55175.8K
40ACNACCENTURE PLC CL ACOMMON0.59%$25,35781.3K
41LLYELI LILLY & COCOMMON0.59%$25,07630.4K
42XENWXEATON VANCE NEW YORK MUNI ENXCOMMON0.58%$24,8182.62M
43COPCONOCOPHILLIPSCOMMON0.57%$24,096229.4K
44CRMSALESFORCE INCCOMMON0.54%$23,16486.3K
45HDHOME DEPOT INCCOMMON0.54%$23,14363.1K
46BMEZBLACKROCK HLTH SCI TRM TR BMEZCOMMON0.52%$22,2931.50M
47BNYM MUNI INCOME INC DMFCOMMON0.51%$21,9533.06M
48GSGOLDMAN SACHS GROUP INC/THECOMMON0.51%$21,74039.8K
49XGDVXGABELLI DIVD & INCOME TR GDVCOMMON0.51%$21,737900.8K
50NADNUVEEN QUALITY MUNICIPAL INC FCOMMON0.51%$21,6291.88M
51XMHIXPIONEER MUNI HIGH INCOME TRUSTCOMMON0.50%$21,3802.32M
52ANETARISTA NETWORKS INCCOMMON0.49%$21,028271.4K
53ERCWELLS FARGO MULTI-SECTOR INC FCOMMON0.48%$20,5852.23M
54INTUINTUIT INCCOMMON0.48%$20,47133.3K
55TJXTJX COS INC/THECOMMON0.48%$20,400167.5K
56MUCBLACKROCK MUNIHOLDINGS CA MUCCOMMON0.48%$20,2871.89M
57ABTABBOTT LABORATORIESCOMMON0.47%$20,113151.6K
58XNEAXNUVEEN AMT-FREE QUALITY MUNI ICOMMON0.47%$20,0061.79M
59ECATBLACKROCK ESG CAPITAL ALLOC TRCOMMON0.47%$19,9991.27M
60VGMINVESCO TRUST FOR INV GRADE MUCOMMON0.47%$19,9362.00M
61FTHYFIRST TR HIGH YIELD OPP 2027 FCOMMON0.44%$18,8921.31M
62HONHONEYWELL INTERNATIONAL INCCOMMON0.44%$18,56687.7K
63XBOEXBLACKROCK ENHANCED GBL DI BOECOMMON0.44%$18,5601.71M
64NBXGNEUBERGER BERMAN NEXT GEN FDCOMMON0.42%$18,0311.47M
65WMBWILLIAMS COS INC DELCOMMON0.42%$18,011301.4K
66XPMAXPIONEER MUNICIPAL HIGH INC MAVCOMMON0.42%$17,7722.13M
67AZNNASTRAZENECA PLC ADRDEPOSITARY RECEI0.41%$17,523238.4K
68AMATAPPLIED MATERIALS INCCOMMON0.41%$17,455120.3K
69HYIWESTERN ASSET HGH YLD DFN FD HCOMMON0.41%$17,4101.47M
70CPZCALAMOS LNG/SHRT EQ & DYN CPZCOMMON0.39%$16,8181.08M
71MCDMCDONALD'S CORPCOMMON0.39%$16,75053.6K
72ABBVABBVIE INCCOMMON0.39%$16,55179.0K
73PEPPEPSICO INCCOMMON0.38%$16,091107.3K
74LINLINDE PLCCOMMON0.37%$15,94934.3K
75VKQINVESCO MUNICIPAL TRUST VKQCOMMON0.36%$15,4861.60M
76XMCRXMFS CHARTER INCOME TRUST MCRCOMMON0.36%$15,3692.45M
77ORCLORACLE CORPCOMMON0.36%$15,266109.2K
78ACPABERDEEN INC CREDIT STRATEGIESCOMMON0.34%$14,6442.49M
79VGIVIRTUS GLOBAL MULTI-SECTOR INCCOMMON0.34%$14,6011.89M
80XNXJXNUVEEN NJ QUALITY MUNI INC FDCOMMON0.34%$14,5811.24M
81LNGCHENIERE ENERGY INCCOMMON0.34%$14,44662.4K
82TELTE CONNECTIVITY LTDCOMMON0.33%$13,87098.1K
83ADBEADOBE INCCOMMON0.32%$13,67235.6K
84PANWPALO ALTO NETWORKS INCCOMMON0.31%$13,04376.4K
85PGPROCTER & GAMBLE COCOMMON0.30%$12,93875.9K
86XBGYXBLACKROCK ENH INTL DVD TR BGYCOMMON0.30%$12,7432.27M
87GLOCLOUGH GLOBAL OPP FD GLOCOMMON0.30%$12,5942.58M
88GAMGENERAL AMERICAN INVESTORS COCOMMON0.29%$12,502248.2K
89TEAMATLASSIAN CORP PLCCOMMON0.29%$12,42558.5K
90TMOTHERMO FISHER SCIENTIFIC INCCOMMON0.29%$12,35224.8K
91WCNWASTE CONNECTIONS INCCOMMON0.29%$12,24562.7K
92NOWSERVICENOW INCCOMMON0.29%$12,23715.4K
93FDXFEDEX CORPCOMMON0.29%$12,19850.0K
94NFLXNETFLIX INCCOMMON0.29%$12,18413.1K
95BCXBLACKROCK RESOURCES & COMMOD BCOMMON0.28%$12,1301.30M
96PPLPPL CORPCOMMON0.28%$12,011332.6K
97CAHCARDINAL HEALTH INCCOMMON0.28%$11,96686.9K
98VMOINVESCO MUNICIPAL OPPORTUNITYCOMMON0.28%$11,7861.24M
99ETNEATON CORP PLCCOMMON0.28%$11,77743.3K
100BACBANK OF AMERICA CORPCOMMON0.27%$11,718280.8K

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 ↗.