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SIT INVESTMENT ASSOCIATES INC

Registered adviser
Location
Minneapolis, MN
Portfolio Value
Mid $5,243,426,086
Diversification
Diversified
Reports for
SIT FIXED INCOME ADVISORS II LLC /ADV
Filing Date
Global Rank
#858 / 8,827 ▼ 39
Top Industry
Asset Management 52.2%
Period ended 4 months ago
Filed Aug 12, 2026 · 3mo
26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type
Registered adviser
Form ADV roster, Nov 1, 2026
Form ADV adviser
CRD 105725
Roster of Nov 1, 2026
Regulatory AUM
$3,543,093,715
Main clients
Registered funds and BDCs (54% of AUM)
Private funds
7 funds · Other private funds
Focus by fund count, roster of Nov 1, 2026
$234,623,950 gross assets
Registered funds advised
14 series (0 index, 0 ETFs)
$1,923,446,774 net assets· N-CEN Jun 30, 2026
LEI
2549000ULJFODQ80G890
Private funds on Schedule D 7.B.(1)
As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.
$188,533,767 gross assets in 8 funds Other private funds $186,933,767 (7) Real estate funds $1,600,000 (1)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
Rosters Regulatory AUM Main clients
Apr 2026 to Nov 2026 $3,543,093,715 Registered funds and BDCs (54%)
Apr 2025 to Mar 2026 $3,366,400,389 Registered funds and BDCs (56%)
Apr 2024 to Mar 2025 $3,162,476,861 Registered funds and BDCs (58%)
May 2023 to Mar 2024 $3,183,307,550 Registered funds and BDCs (63%)
Apr 2023 $3,183,307,550 Registered funds and BDCs (63%)
Apr 2022 to Mar 2023 $4,195,444,888 Registered funds and BDCs (65%)
3 earlier changes not shown.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company Schedule Filed Shares % of class Status
FINS Angel Oak Financial Strategies Income Term Trust 13G/A 1d 11,323,734 33.9% Current
JHI John Hancock Investors Trust 13G/A 1d 889,068 10.2% Current
TSI Tcw Strategic Income Fund Inc 13G/A 1d 24,026,295 37.7% Current
WEA Western Asset Premier Bond Fund 13G/A 1d 1,265,260 10.7% Current
BGX Blackstone Long-Short Credit Income Fund 13G 35d 693,895 5.5% Current
CIK Ubs Asset Management Income Fund, Inc. 13G 35d 2,785,976 5.1% Current
DMB BNY Mellon Municipal Bond Infrastructure Fund, Inc. 13G 35d 1,215,721 6.6% Current
DSM Bny Mellon Strategic Municipal Bond Fund, Inc. 13G 35d 2,986,949 6% Current
LEO Bny Mellon Strategic Municipals, Inc. 13G 35d 3,165,541 5.1% Current
MUA Blackrock Muniassets Fund, Inc. 13G 35d 7,135,290 10.6% Current
EVG Eaton Vance Short Duration Diversified Income Fund 13G/A 36d 784,238 5.8% Current
EVV Eaton Vance Ltd Duration Income Fund 13G/A 36d 8,935,779 7.7% Current
FMY First Trust Mortgage Income Fund 13G/A 36d 2,320,350 55.1% Current
KTF Dws Municipal Income Trust 13G/A 36d 8,984,416 22.9% Current
MGF Aberdeen Government Markets Income Fund 13G/A 36d 2,429,131 37.3% Current
MIN Aberdeen Intermediate Income Fund 13G/A 36d 5,898,258 31.1% Current
PIM Franklin Master Intermediate Income Trust 13G/A 36d 23,203,176 48.2% Current
PPT Franklin Premier Income Trust 13G/A 36d 29,575,920 30.9% Current
JMM Nuveen Multi-Market Income Fund 13G/A 2mo 5,927,159 62.6% Current
BSL Blackstone Senior Floating Rate 2027 Term Fund 13G 4mo 822,750 6.3% Current
MMT Aberdeen Multi-Market Income Fund 13G 4mo 7,175,980 6.2% Current
DHY Ubs Asset Management High Yield Credit Fund 13G 5mo 1,780,620 12.9% Current
VBF Invesco Bond Fund 13G/A 5mo 1,274,682 11.2% Current
JLS Nuveen Mortgage & Income Fund 13G/A 6mo 918,869 16.8% Current
NHS Neuberger High Yield Strategies Fund Inc. 13G 6mo 5,447,450 13% Current
BGB Blackstone Strategic Credit 2027 Term Fund 13G 7mo 2,753,133 6.2% Current
DHF Bny Mellon High Yield Strategies Fund 13G 7mo 4,595,423 6.3% Current
JRI Nuveen Real Asset Income & Growth Fund 13G 7mo 4,366,526 12.1% Current
NQP NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND 13G 7mo 3,017,202 8.1% Current
PFD Flaherty & Crumrine Preferred & Income Fund Inc 13G/A 7mo 1,320,217 10.3% Current
RA Brookfield Real Assets Income Fund Inc. 13G 7mo 2,855,236 5.2% Current
DTF Dtf Tax-Free Income 2028 Term Fund Inc 13G/A 8mo 923,460 13.1% Current
ERC Allspring Multi-Sector Income Fund 13G/A 8mo 2,884,362 10.3% Current
GLQ Clough Global Equity Fund 13G/A 8mo 2,104,530 11.2% Current
CIF Mfs Intermediate High Income Fund 13D Merger opposition or support 8mo 1,644,570 9.2% Current
MCR Mfs Charter Income Trust 13D Merger opposition or support 8mo 4,097,943 9.8% Current
FTHY First Trust High Yield Opportunities 2027 Term Fund 13G 10mo 2,419,971 6.6% Current
IGI Western Asset Investment Grade Opportunity Trust Inc. 13G/A 10mo 767,986 12.8% Current
JGH Nuveen Global High Income Fund 13G 10mo 2,903,697 10.3% Current
PAI Western Asset Investment Grade Income Fund Inc. 13G/A 10mo 1,148,642 12.1% Current
PFO Flaherty & Crumrine PREFERRED & INCOME OPPORTUNITY FUND INC 13G/A 10mo 1,328,546 10.2% Current
VGI Virtus Global Multi-Sector Income Fund 13G/A 10mo 2,057,760 18.2% Current
RIV Rivernorth Opportunities Fund, Inc. 13G 1y 2,881,742 10.5% Current
BBN BlackRock Taxable Municipal Bond Trust 13G/A 1y 6,322,435 10.2% Current
BIT BlackRock Multi-Sector Income Trust 13G 1y 5,050,265 8.9% Current
GRX Gabelli Healthcare & WellnessRx Trust 13G 1y 833,756 5.4% Current
SCD Lmp Capital & Income Fund Inc. 13G/A 35d 1,875,334 8.2% Current
BHK Blackrock Core Bond Trust 13G 1y 10,052,357 13.9% Current
ECF Ellsworth Growth & Income Fund Ltd 13G 1y 772,042 5.6% Current
JHS John Hancock Income Securities Trust 13G/A 1y 3,126,507 26.8% Current

Showing the 50 newest of 57 stakes. The REST API and the MCP server page through them all.

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 30 exited, below-5% or retired stakes

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style
Diversified active
Top 10 weight 24.0%, 98.1 effective positions, active share 67.6% against the Russell 1000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
26.1% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 18.6 quarters (12+), a floor since 52.8% of the book was already held when coverage starts

Closest benchmark: the Russell 1000 as of 2026-06-30, active share 67.6%; sector active share 45.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

512 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026
Top Position
3.1%
+0.1 pts
Top 5
13.8%
+0.1 pts
Top 10
24.0%
−0.0 pts
HHI
102
Sep 2023 → Jun 2026 · range 89 – 114
Diversified−0

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026
Sector % Portfolio Value
Financial Services 56.9% $2,985,866,380
Technology 19.4% $1,014,672,724
Industrials 6.3% $332,286,938
Healthcare 5.3% $275,556,950
Communication Services 4.0% $209,919,282
Consumer Cyclical 3.1% $160,842,635
Energy 1.9% $97,978,298
Basic Materials 0.9% $48,270,697
Consumer Defensive 0.9% $44,893,620
Utilities 0.9% $44,641,150
Real Estate 0.5% $26,328,003
Unclassified 0.0% $2,169,409

Last Quarter's Activity

Export CSV
Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased
25 positions
Ticker Δ Shares Shares Value Open
DHY +18,894,848 19,046,313 $33,902,437
MMT +6,360,650 7,175,980 $31,574,312
NHS +5,300,207 5,605,481 $34,978,201
MIN +2,931,118 33,381,994 $82,453,525
TSI +1,792,742 20,744,061 $93,555,715
MGF +1,558,004 10,688,042 $30,674,680
BHK +1,081,661 11,940,867 $109,497,750
BGB +882,292 3,635,425 $41,080,302
NFJ +773,176 1,243,817 $18,893,580
BKT +499,180 5,419,312 $58,095,024
FTHY +470,293 3,252,705 $44,562,058
PPT +439,137 28,618,942 $99,880,107
BBN +426,455 7,890,277 $127,585,779
FSCO +425,727 4,309,448 $21,504,145
FFC +405,971 1,127,695 $18,358,874
LEO +376,472 2,295,354 $14,827,986
ERC +327,567 3,197,573 $29,449,647
VBF +294,787 1,363,869 $20,676,254
GF +280,677 446,865 $5,121,072
BLW +264,494 289,494 $3,615,780
BSL +264,451 822,750 $10,654,612
DMB +228,875 873,968 $9,648,606
RA +207,281 3,062,517 $39,445,218
BUI +200,569 305,676 $8,867,660
PFO +199,859 1,720,165 $15,894,324

Trimmed

Positions the filer reduced
25 positions
Ticker Δ Shares Shares Value Open
CRF −2,218,433 3,533,467 $25,370,293
NRO −1,913,709 3,062,277 $9,278,699
MYI −867,602 1,832,694 $20,361,230
HYT −838,900 4,388,421 $37,564,883
UTF −747,412 483,836 $13,349,035
AVK −712,460 1,421,316 $18,619,239
JQC −610,839 691,801 $3,362,152
JFR −557,319 4,082,097 $31,309,683
EHI −525,649 2,465,538 $14,694,606
EMO −447,017 87,278 $4,372,627
BIT −347,138 4,333,909 $54,260,540
MUA −310,916 80,706 $888,573
MQY −293,892 816,794 $9,474,810
ARDC −206,427 92,478 $1,167,997
DLY −182,462 841,576 $11,840,974
JGH −179,364 2,729,458 $34,746,000
BPRE −178,356 106,644 $1,387,438
CPZ −151,333 827,578 $10,824,720
SCD −143,845 2,635,988 $41,253,212
AFB −143,700 533,037 $6,081,952
ACP −134,164 3,020,168 $15,704,873
NEA −118,300 293,429 $3,444,856
NKE −115,770 15,390 $631,759
KTF −111,388 9,781,996 $89,994,363
JLS −81,283 878,972 $15,364,430

New Positions

Positions the filer opened this quarter
25 positions
Ticker Shares Value Open
NMZ 2,336,943 $24,701,487
HONA 40,128 $8,871,498
TYG 137,849 $5,909,586
BMEZ 271,270 $4,163,994
GAB 669,071 $3,786,941
HYI 173,430 $1,843,560
MFM 303,923 $1,708,047
GHY 80,794 $977,607
FDXF 5,116 $772,516
ISD 58,782 $767,692
HWKN 5,355 $760,945
AEIS 1,894 $706,215
PLXS 2,340 $703,567
SXI 1,660 $593,732
ESI 11,970 $571,567
ASB 18,300 $563,091
ACA 3,810 $553,554
RQI 42,500 $523,175
ESE 1,475 $516,309
IAE 54,393 $504,223
IHD 53,967 $420,942
UBSI 8,335 $381,993
MGY 13,055 $333,946
INDB 3,965 $331,949
CWST 3,307 $320,679

Sold Out

Positions the filer fully exited
25 positions
Ticker Shares Value Open
PODD 19,020 $3,991,156
NBXG 230,874 $2,971,348
WDI 214,483 $2,882,651
SBUX 20,375 $1,825,396
RSF 98,891 $1,438,864
CLM 158,042 $1,150,545
NXG 19,902 $1,093,216
NMS 71,621 $873,059
PRCT 34,840 $871,348
EFOR 20,940 $810,587
PDO 60,514 $782,446
PSA 2,391 $647,674
HIX 79,965 $318,260
PFN 22,834 $157,326
VISN 8,450 $153,790
VPV 13,620 $143,963
QCOM 779 $100,319
ZBH 900 $81,378
STRA 900 $74,664
PNR 740 $64,461
GPC 425 $44,943
NQP 3,017,202 $35,995
MCR 4,097,943 $24,834
— 59,245 $3,847
NXJ 265,380 $3,264

Portfolio Positions

Export CSV View 13F filing
512 tracked positions · $5,243,426,086 total · filing declares 521 positions · $5,283,451 · as of Jun 30, 2026
All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities
Showing 1–50 of 512 positions by value · page 1 of 11
Ticker Company Shares Value (USD) % of Portfolio History
NVDA
Nvidia Corp
Technology 		819,830 $164,039,784 3.13%
AVGO
Broadcom Inc.
Technology 		415,970 $157,132,667 3.00%
FINS
Angel Oak Financial Strategies Income Term Trust
Financial Services 		10,962,663 $140,322,086 2.68%
AAPL
Apple Inc.
Technology 		448,073 $129,654,403 2.47%
BBN
BlackRock Taxable Municipal Bond Trust
Financial Services 		7,890,277 $127,585,779 2.43%
BHK
Blackrock Core Bond Trust
Financial Services 		11,940,867 $109,497,750 2.09%
MSFT
Microsoft Corp
Technology 		275,845 $102,895,701 1.96%
GOOGL
Alphabet Inc.
Communication Services 		287,445 $102,724,219 1.96%
PPT
Franklin Premier Income Trust
Financial Services 		28,618,942 $99,880,107 1.90%
TSI
Tcw Strategic Income Fund Inc
Financial Services 		20,744,061 $93,555,715 1.78%
KTF
Dws Municipal Income Trust
Financial Services 		9,781,996 $89,994,363 1.72%
AMAT
Applied Materials Inc
Technology 		121,592 $87,911,016 1.68%
MIN
Aberdeen Intermediate Income Fund
Financial Services 		33,381,994 $82,453,525 1.57%
EVV
Eaton Vance Ltd Duration Income Fund
Financial Services 		8,006,717 $75,022,938 1.43%
PIM
Franklin Master Intermediate Income Trust
Financial Services 		22,681,925 $73,262,617 1.40%
BTZ
Blackrock Credit Allocation Income Trust
Financial Services 		6,991,115 $71,449,195 1.36%
NBB
Nuveen Taxable Municipal Income Fund
Financial Services 		3,809,746 $60,117,791 1.15%
BKT
Blackrock Income Trust, Inc.
Financial Services 		5,419,312 $58,095,024 1.11%
AMZN
Amazon Com Inc
Consumer Cyclical 		235,687 $56,173,639 1.07%
JRI
Nuveen Real Asset Income & Growth Fund
Financial Services 		4,317,631 $55,956,497 1.07%
BIT
BlackRock Multi-Sector Income Trust
Financial Services 		4,333,909 $54,260,540 1.03%
NPFD
Nuveen Variable Rate Preferred & Income Fund
Financial Services 		2,408,758 $45,332,825 0.86%
DBL
DoubleLine Opportunistic Credit Fund
Financial Services 		3,125,689 $44,947,407 0.86%
FTHY
First Trust High Yield Opportunities 2027 Term Fund
Financial Services 		3,252,705 $44,562,058 0.85%
ANET
Arista Networks, Inc.
Technology 		248,956 $42,292,645 0.81%
SCD
Lmp Capital & Income Fund Inc.
Financial Services 		2,635,988 $41,253,212 0.79%
BGB
Blackstone Strategic Credit 2027 Term Fund
Financial Services 		3,635,425 $41,080,302 0.78%
META
Meta Platforms, Inc.
Communication Services 		70,989 $39,987,393 0.76%
RA
Brookfield Real Assets Income Fund Inc.
Financial Services 		3,062,517 $39,445,218 0.75%
LLY
ELI LILLY & Co
Healthcare 		32,822 $39,367,694 0.75%
CB
Chubb Ltd
Financial Services 		111,885 $38,123,694 0.73%
HYT
Blackrock Corporate High Yield Fund, Inc.
Financial Services 		4,388,421 $37,564,883 0.72%
JHS
John Hancock Income Securities Trust
Financial Services 		3,356,948 $37,027,136 0.71%
UNH
Unitedhealth Group Inc
Healthcare 		86,669 $36,022,236 0.69%
JPM
Jpmorgan Chase & Co
Financial Services 		108,572 $35,538,872 0.68%
NHS
Neuberger High Yield Strategies Fund Inc.
Financial Services 		5,605,481 $34,978,201 0.67%
JGH
Nuveen Global High Income Fund
Financial Services 		2,729,458 $34,746,000 0.66%
JMM
Nuveen Multi-Market Income Fund
Financial Services 		5,814,677 $34,074,007 0.65%
DHY
Ubs Asset Management High Yield Credit Fund
Financial Services 		19,046,313 $33,902,437 0.65%
GS
Goldman Sachs Group Inc
Financial Services 		31,440 $31,797,472 0.61%
MMT
Aberdeen Multi-Market Income Fund
Financial Services 		7,175,980 $31,574,312 0.60%
PANW
Palo Alto Networks Inc
Technology 		91,842 $31,319,958 0.60%
JFR
Nuveen Floating Rate Income Fund
Financial Services 		4,082,097 $31,309,683 0.60%
MGF
Aberdeen Government Markets Income Fund
Financial Services 		10,688,042 $30,674,680 0.59%
GOOG
Alphabet Inc.
Communication Services 		83,425 $29,476,555 0.56%
ERC
Allspring Multi-Sector Income Fund
Financial Services 		3,197,573 $29,449,647 0.56%
FSSL
FS Specialty Lending Fund
Financial Services 		2,608,084 $29,080,136 0.55%
RIV
Rivernorth Opportunities Fund, Inc.
Financial Services 		2,488,022 $29,010,336 0.55%
ASML
Asml Holding NV
Technology 		13,488 $26,833,565 0.51%
FMY
First Trust Mortgage Income Fund
Financial Services 		2,281,594 $26,831,545 0.51%

Showing the top 50 of 512 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.