Latest SIT INVESTMENT ASSOCIATES INC Stock Portfolio
SIT INVESTMENT ASSOCIATES INC Performance:
2024 Q3: 2.17%YTD: 8.12%2023: 9.6%
Performance for 2024 Q3 is 2.17%, and YTD is 8.12%, and 2023 is 9.6%.
About SIT INVESTMENT ASSOCIATES INC and 13F Hedge Fund Stock Holdings
SIT INVESTMENT ASSOCIATES INC is a hedge fund based in MINNEAPOLIS, MN. On 10-Aug-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $11.9 Billions. In it's latest 13F Holdings report, SIT INVESTMENT ASSOCIATES INC reported an equity portfolio of $4.5 Billions as of 30 Sep, 2024.
The top stock holdings of SIT INVESTMENT ASSOCIATES INC are MSFT, AAPL, NVDA. The fund has invested 3.1% of it's portfolio in MICROSOFT CORP and 2.9% of portfolio in APPLE INC.
The fund managers got completely rid off CORNERSTONE STRATEGIC VALUE FD, TE CONNECTIVITY LTD (TEL) and INVITATION HOMES INC (INVH) stocks. They significantly reduced their stock positions in ARRAY TECHNOLOGIES INC (ARRY), BLACKROCK MUNICIPAL INCOME FD and L3HARRIS TECHNOLOGIES INC (LHX). SIT INVESTMENT ASSOCIATES INC opened new stock positions in TE CONNECTIVITY LTD, CH ROBINSON WORLDWIDE INC (CHRW) and FIFTH THIRD BANCORP (FITB). The fund showed a lot of confidence in some stocks as they added substantially to HIGH INCOME SECURITIES FUND PC, TRANSDIGM GROUP INC (TDG) and QUALCOMM INC (QCOM).
The top stock holdings of SIT INVESTMENT ASSOCIATES INC are MSFT, AAPL, NVDA. The fund has invested 3.1% of it's portfolio in MICROSOFT CORP and 2.9% of portfolio in APPLE INC.
The fund managers got completely rid off CORNERSTONE STRATEGIC VALUE FD, TE CONNECTIVITY LTD (TEL) and INVITATION HOMES INC (INVH) stocks. They significantly reduced their stock positions in ARRAY TECHNOLOGIES INC (ARRY), BLACKROCK MUNICIPAL INCOME FD and L3HARRIS TECHNOLOGIES INC (LHX). SIT INVESTMENT ASSOCIATES INC opened new stock positions in TE CONNECTIVITY LTD, CH ROBINSON WORLDWIDE INC (CHRW) and FIFTH THIRD BANCORP (FITB). The fund showed a lot of confidence in some stocks as they added substantially to HIGH INCOME SECURITIES FUND PC, TRANSDIGM GROUP INC (TDG) and QUALCOMM INC (QCOM).
SIT INVESTMENT ASSOCIATES INC Annual Return Estimates Vs S&P 500
Our best estimate is that SIT INVESTMENT ASSOCIATES INC made a return of 2.17% in the last quarter. In trailing 12 months, it's portfolio return was 13.57%.
New Buys
| Ticker | $ Bought |
|---|---|
| te connectivity ltd | 14,178,000 |
| gabelli divd & income tr gdv | 10,815,000 |
| general american investors co | 9,427,000 |
| ch robinson worldwide inc | 7,549,000 |
| fifth third bancorp | 6,155,000 |
| aberdeen inc credit strategies | 4,948,000 |
| tortoise pwr & energy inf tpz | 3,562,000 |
| acadia healthcare co inc | 3,151,000 |
New stocks bought by SIT INVESTMENT ASSOCIATES INC
Additions
| Ticker | % Inc. |
|---|---|
| high income securities fund pc | 69,242 |
| tortoise pipeline & energy ttp | 33,393 |
| gabelli multimedia trust ggt | 9,811 |
| transdigm group inc | 7,400 |
| qualcomm inc | 2,953 |
| caretrust reit inc | 2,657 |
| public svc enterprise grp | 2,362 |
| bnym strategic municipals inc | 1,543 |
Additions to existing portfolio by SIT INVESTMENT ASSOCIATES INC
Reductions
| Ticker | % Reduced |
|---|---|
| blackrock municipal income fd | -95.83 |
| blackrock muniholdings ny qual | -94.14 |
| blackrock muniyield ny quality | -93.55 |
| blackrock ny muni income bny | -91.63 |
| western asset diversified inc | -89.89 |
| blackrock muniyield pa quality | -83.96 |
| eaton vance ca municipal incom | -79.00 |
| invesco dynamic credit opp fd | -78.39 |
SIT INVESTMENT ASSOCIATES INC reduced stake in above stock
Sold off
Sector Distribution
SIT INVESTMENT ASSOCIATES INC has about 52.6% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 52.6 |
| Technology | 18.3 |
| Industrials | 5.9 |
| Healthcare | 5.8 |
| Financial Services | 5.2 |
| Consumer Cyclical | 3.5 |
| Communication Services | 2.9 |
| Energy | 1.8 |
| Consumer Defensive | 1.3 |
| Utilities | 1.2 |
Market Cap. Distribution
SIT INVESTMENT ASSOCIATES INC has about 42.7% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| UNALLOCATED | 52.9 |
| MEGA-CAP | 22.1 |
| LARGE-CAP | 20.6 |
| MID-CAP | 4.1 |
Stocks belong to which Index?
About 41.7% of the stocks held by SIT INVESTMENT ASSOCIATES INC either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 58.3 |
| S&P 500 | 39.7 |
| RUSSELL 2000 | 2 |
SIT INVESTMENT ASSOCIATES INC Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of SIT INVESTMENT ASSOCIATES INC
SIT INVESTMENT ASSOCIATES INC has 540 stocks in it's portfolio. About 20.2% of the portfolio is in top 10 stocks. AMAT proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for SIT INVESTMENT ASSOCIATES INC last quarter.
Last Reported on: 13 Nov, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| A | agilent technologies inc | 0.18 | 54,217 | 8,050,000 | reduced | -1.71 | ||
| AAPL | apple inc | 2.89 | 555,998 | 129,548,000 | added | 0.61 | ||
| AB | alliancebernstein holding lp | 0.03 | 40,200 | 1,403,000 | unchanged | 0.00 | ||
| ABBV | abbvie inc | 0.36 | 82,457 | 16,284,000 | reduced | -7.74 | ||
| ABNB | airbnb inc | 0.03 | 11,810 | 1,498,000 | new | |||
| ABT | abbott laboratories | 0.45 | 178,034 | 20,298,000 | reduced | -9.38 | ||
| ACGL | arch capital group ltd | 0.00 | 1,115 | 125,000 | reduced | -39.57 | ||
| ACHC | acadia healthcare co inc | 0.07 | 49,700 | 3,151,000 | new | |||
| ACN | accenture plc cl a | 0.65 | 82,112 | 29,025,000 | reduced | -5.08 | ||
| ADBE | adobe inc | 0.54 | 46,263 | 23,954,000 | added | 19.15 | ||
| ADI | analog devices inc | 0.01 | 2,421 | 557,000 | unchanged | 0.00 | ||
| ADSK | autodesk inc | 0.21 | 34,837 | 9,597,000 | reduced | -0.09 | ||
| ADUS | addus homecare corp | 0.08 | 26,805 | 3,566,000 | reduced | -15.39 | ||
| AES | aes corp. | 0.00 | 10,925 | 219,000 | reduced | -17.76 | ||
| AFL | aflac inc | 0.01 | 4,200 | 470,000 | unchanged | 0.00 | ||
| AGCO | agco corp | 0.04 | 17,885 | 1,750,000 | unchanged | 0.00 | ||
| AGX | argan inc | 0.07 | 29,025 | 2,944,000 | new | |||
| AIG | american international group i | 0.21 | 125,994 | 9,227,000 | reduced | -10.43 | ||
| AJG | arthur j gallagher & co | 0.16 | 25,644 | 7,215,000 | reduced | -6.39 | ||
| AL | air lease corp | 0.15 | 149,965 | 6,792,000 | reduced | -2.04 | ||