SIT INVESTMENT ASSOCIATES INC

CIK

769317

Location

Minneapolis, MN

Portfolio Value

Mid $4,852,551,084

Diversification

Diversified

Filing Date

Global Rank

#679 / 8,603 ▲ 9 · as of Mar 2026

Top Industry

Asset Management 54.0%

3Y Alpha vs SPY

-7.6%

Period ended 3 months ago

Filed May 13, 2026 · 57d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+44.8%

SPY

+76.0%

Annualised alpha

-7.6%

Max drawdown

−13.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

482 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.0%

−0.2 pts

Top 5

13.6%

−0.7 pts

Top 10

23.4%

−1.5 pts

HHI

100

Diversified−9

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	58.7%	$2,847,146,847	196
Technology	17.4%	$842,266,712	58
Industrials	6.1%	$296,027,440	66
Healthcare	5.4%	$261,775,744	48
Communication Services	3.4%	$164,047,413	10
Consumer Cyclical	3.4%	$163,701,519	28
Energy	1.9%	$93,914,758	14
Utilities	0.9%	$45,663,901	14
Basic Materials	0.9%	$44,360,865	21
Consumer Defensive	0.8%	$40,148,274	15
Unclassified	0.6%	$30,142,106	1
Real Estate	0.5%	$23,355,505	11

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TSI	Tcw Strategic Income Fund Inc	+8,742,467	18,951,319	$85,091,422
HYT	Blackrock Corporate High Yield Fund, Inc.	+4,877,185	5,227,321	$44,536,774
MYI	Blackrock Muniyield Quality Fund III, Inc.	+2,495,608	2,700,296	$28,380,110
NQP	NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND	+1,455,646	3,017,202	$35,995,219
EVV	Eaton Vance Ltd Duration Income Fund	+1,408,266	7,869,208	$74,364,015
MIN	Mfs Intermediate Income Trust	+1,282,901	30,450,876	$76,431,698
DHF	Bny Mellon High Yield Strategies Fund	+1,052,097	4,595,423	$11,212,832
LEO	Bny Mellon Strategic Municipals, Inc.	+814,749	1,918,882	$12,069,767
BBN	BlackRock Taxable Municipal Bond Trust	+769,256	7,463,822	$120,690,001
FSSL	FS Specialty Lending Fund	+764,877	2,409,441	$30,142,106
MHD	Blackrock Muniholdings Fund, Inc.	+733,071	1,065,038	$12,013,628
BGB	Blackstone Strategic Credit 2027 Term Fund	+727,793	2,753,133	$30,697,432
GLO	Clough Global Opportunities Fund	+716,407	3,112,158	$17,334,720
RA	Brookfield Real Assets Income Fund Inc.	+640,008	2,855,236	$36,718,334
FSCO	FS Credit Opportunities Corp.	+636,631	3,883,721	$19,806,977
FINS	Angel Oak Financial Strategies Income Term Trust	+587,904	10,873,638	$138,638,884
HIO	Western Asset High Income Opportunity Fund Inc.	+577,014	2,812,278	$10,208,569
BTZ	Blackrock Credit Allocation Income Trust	+511,552	6,941,861	$70,112,796
GLQ	Clough Global Equity Fund	+409,866	2,104,530	$15,847,110
DMB	BNY Mellon Municipal Bond Infrastructure Fund, Inc.	+391,769	645,093	$6,799,280
FTHY	First Trust High Yield Opportunities 2027 Term Fund	+362,441	2,782,412	$37,646,034
BSL	Blackstone Senior Floating Rate 2027 Term Fund	+344,413	558,299	$7,229,972
MGF	Mfs Government Markets Income Trust	+341,418	9,130,038	$26,842,311
OPP	RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.	+291,635	529,888	$4,064,240
DSM	Bny Mellon Strategic Municipal Bond Fund, Inc.	+247,419	2,109,800	$12,679,898
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
XFLT	XAI Floating Rate & Alternative Income Trust	−4,804,571	662,994	$11,390,236
CLM	Cornerstone Strategic Investment Fund, Inc.	−4,482,184	158,042	$1,150,545
CRF	Cornerstone Total Return Fund Inc	−4,338,807	5,751,900	$39,975,705
NRO	Neuberger Real Estate Securities Income Fund Inc	−2,986,330	4,975,986	$14,131,800
UTF	Cohen & Steers Infrastructure Fund Inc	−1,413,126	1,231,248	$31,864,698
NBXG	Neuberger Next Generation Connectivity Fund Inc.	−788,087	230,874	$2,971,348
ACP	abrdn Income Credit Strategies Fund	−445,162	3,154,332	$16,087,093
EHI	Western Asset Global High Income Fund Inc.	−439,778	2,991,187	$17,648,003
DBL	DoubleLine Opportunistic Credit Fund	−365,320	3,104,408	$45,324,356
JQC	Nuveen Credit Strategies Income Fund	−355,922	1,302,640	$6,343,856
AVK	Advent Convertible & Income Fund	−303,896	2,133,776	$23,812,940
BIT	BlackRock Multi-Sector Income Trust	−280,896	4,681,047	$58,606,708
NXG	NXG NextGen Infrastructure Income Fund	−273,160	19,902	$1,093,216
RIV	Rivernorth Opportunities Fund, Inc.	−273,018	2,498,022	$27,728,044
NPFD	Nuveen Variable Rate Preferred & Income Fund	−264,484	2,425,184	$44,017,089
FCT	First Trust Senior Floating Rate Income Fund II	−263,415	85,914	$828,210
EMO	ClearBridge Energy Midstream Opportunity Fund Inc.	−243,393	534,295	$28,221,461
VKI	Invesco Advantage Municipal Income Trust II	−225,763	314,308	$2,721,907
KIO	KKR Income Opportunities Fund	−207,738	80,300	$883,300
ERC	Allspring Multi-Sector Income Fund	−190,963	2,870,006	$25,858,754
VGI	Virtus Global Multi-Sector Income Fund	−146,456	1,911,304	$14,105,423
JLS	Nuveen Mortgage & Income Fund/MA/	−130,542	960,255	$17,409,423
BKT	Blackrock Income Trust, Inc.	−130,079	4,920,132	$52,005,795
PPT	Putnam Premier Income Trust	−113,068	28,179,805	$100,038,307
FITB	Fifth Third Bancorp	−107,610	54,975	$2,554,138
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
JRI	Nuveen Real Asset Income & Growth Fund	4,366,526	$53,708,269
JHS	John Hancock Income Securities Trust	3,193,796	$34,940,128
AZN	Astrazeneca PLC	99,814	$19,685,317
PFO	Flaherty & Crumrine PREFERRED & INCOME OPPORTUNITY FUND INC	1,520,306	$13,743,566
MQY	Blackrock Muniyield Quality Fund, Inc.	1,110,686	$12,195,332
NFJ	Virtus Dividend, Interest & Premium Strategy Fund	470,641	$5,934,783
BCV	Bancroft Fund Ltd	255,169	$5,496,340
PNFP	Pinnacle Financial Partners, Inc.	50,033	$4,309,842
MUA	Blackrock Muniassets Fund, Inc.	391,622	$4,155,109
HLNE	Hamilton Lane INC	30,840	$3,065,496
BUI	BlackRock Utilities, Infrastructure & Power Opportunities Trust	105,107	$2,772,722
NHS	Neuberger High Yield Strategies Fund Inc.	305,274	$1,978,175
GLV	Clough Global Dividend & Income Fund	271,443	$1,606,942
OUT	OUTFRONT Media Inc.	56,850	$1,506,525
LEU	Centrus Energy Corp	7,325	$1,271,546
MFG	Mizuho Financial Group Inc	139,000	$1,103,660
KKR	KKR & Co. Inc.	11,050	$1,022,125
DMO	Western Asset Mortgage Opportunity Fund Inc.	90,282	$970,531
BFLY	Butterfly Network, Inc.	210,750	$851,430
GBCI	Glacier Bancorp, Inc.	18,075	$807,410
PDO	PIMCO Dynamic Income Opportunities Fund	60,514	$782,446
AMRX	Amneal Pharmaceuticals, Inc.	56,150	$697,944
TSEM	Tower Semiconductor Ltd	3,222	$565,396
SAN	Banco Santander, S.A.	40,400	$455,712
PNI	Pimco New York Municipal Income Fund II	54,374	$372,461
No positions match the current search.

Sold Out

Positions the filer fully exited

22 positions

Ticker	Company	Shares	Value
SRV	NXG Cushing Midstream Energy Fund	323,176	$12,620,022
MEGI	NYLI CBRE Global Infrastructure Megatrends Term Fund	726,603	$9,998,057
ADBE	Adobe Inc.	27,374	$9,580,626
HIG	Hartford Insurance Group, Inc.	43,490	$5,992,922
TYG	Tortoise Energy Infrastructure Corp	135,345	$5,535,610
EXAS	EXACT SCIENCES CORP	53,915	$5,475,607
IHD	Voya Emerging Markets High Dividend Equity Fund	625,522	$3,922,022
DELL	Dell Technologies Inc.	17,155	$2,159,471
CPRT	Copart Inc	40,628	$1,590,586
DEO	Diageo PLC	18,375	$1,585,211
PMM	Putnam Managed Municipal Income Trust	221,351	$1,387,870
NVO	Novo Nordisk A S	24,650	$1,254,192
MOH	Molina Healthcare, Inc.	6,470	$1,122,803
JHG	Janus Henderson Group Ltd.	22,160	$1,054,151
CXH	Mfs Investment Grade Municipal Trust	110,998	$882,434
IAE	Voya Asia Pacific High Dividend Equity Income Fund	92,749	$675,212
SWZ	Total Return Securities Fund	101,837	$633,426
FCO	Abrdn Global Income Fund, Inc.	201,580	$590,629
WIW	Western Asset Inflation-Linked Opportunities & Income Fund	50,481	$433,631
CMU	Mfs High Yield Municipal Trust	47,357	$166,223
AES	Aes Corp	7,025	$100,738
ORI	Old Republic International Corp	1,700	$77,588
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

482 positions · $4,852,551,084 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 482 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	824,057	-6,305	$143,715,540	−7.2%	2.96%
FINS	Angel Oak Financial Strategies Income Term Trust Financial Services	Added	10,873,638	+587,904	$138,638,884	+2.0%	2.86%
AVGO	Broadcom Inc. Technology	Added	442,884	+139	$137,077,026	−10.5%	2.82%
BBN	BlackRock Taxable Municipal Bond Trust Financial Services	Added	7,463,822	+769,256	$120,690,001	+10.5%	2.49%
AAPL	Apple Inc. Technology	Added	466,955	+7,703	$118,508,509	−5.1%	2.44%
MSFT	Microsoft Corp Technology	Added	278,951	+4,066	$103,259,291	−22.3%	2.13%
PPT	Putnam Premier Income Trust Financial Services	Reduced	28,179,805	-113,068	$100,038,307	−0.1%	2.06%
BHK	Blackrock Core Bond Trust Financial Services	Added	10,859,206	+221,633	$99,470,326	−2.5%	2.05%
KTF	Dws Municipal Income Trust Financial Services	Added	9,893,384	+10,207	$90,029,794	+0.2%	1.86%
TSI	Tcw Strategic Income Fund Inc Financial Services	Added	18,951,319	+8,742,467	$85,091,422	+68.7%	1.75%
GOOGL	Alphabet Inc. Communication Services	Reduced	285,292	-2,885	$82,038,567	−9.0%	1.69%
MIN	Mfs Intermediate Income Trust Financial Services	Added	30,450,876	+1,282,901	$76,431,698	+0.4%	1.58%
EVV	Eaton Vance Ltd Duration Income Fund Financial Services	Added	7,869,208	+1,408,266	$74,364,015	+16.1%	1.53%
PIM	Putnam Master Intermediate Income Trust Financial Services	Reduced	22,711,260	-18,028	$74,265,820	−2.2%	1.53%
BTZ	Blackrock Credit Allocation Income Trust Financial Services	Added	6,941,861	+511,552	$70,112,796	+0.7%	1.44%
NBB	Nuveen Taxable Municipal Income Fund Financial Services	Reduced	3,793,715	-37,701	$59,409,576	−1.9%	1.22%
BIT	BlackRock Multi-Sector Income Trust Financial Services	Reduced	4,681,047	-280,896	$58,606,708	−9.6%	1.21%
JRI	Nuveen Real Asset Income & Growth Fund Financial Services	NEW	4,366,526	NEW	$53,708,269	NEW	1.11%
BKT	Blackrock Income Trust, Inc. Financial Services	Reduced	4,920,132	-130,079	$52,005,795	−6.7%	1.07%
AMZN	Amazon Com Inc Consumer Cyclical	Added	244,779	+4,590	$50,980,122	−8.0%	1.05%
DBL	DoubleLine Opportunistic Credit Fund Financial Services	Reduced	3,104,408	-365,320	$45,324,356	−14.3%	0.93%
HYT	Blackrock Corporate High Yield Fund, Inc. Financial Services	Added	5,227,321	+4,877,185	$44,536,774	+1329.2%	0.92%
NPFD	Nuveen Variable Rate Preferred & Income Fund Financial Services	Reduced	2,425,184	-264,484	$44,017,089	−14.0%	0.91%
AMAT	Applied Materials Inc /De Technology	Added	124,857	+16,583	$42,674,874	+53.4%	0.88%
META	Meta Platforms, Inc. Communication Services	Added	73,090	+892	$41,816,981	−12.3%	0.86%
SCD	Lmp Capital & Income Fund Inc. Financial Services	Reduced	2,779,833	-57,876	$41,502,906	−1.2%	0.86%
CRF	Cornerstone Total Return Fund Inc Financial Services	Reduced	5,751,900	-4,338,807	$39,975,705	−50.5%	0.82%
FTHY	First Trust High Yield Opportunities 2027 Term Fund Financial Services	Added	2,782,412	+362,441	$37,646,034	+10.6%	0.78%
RA	Brookfield Real Assets Income Fund Inc. Financial Services	Added	2,855,236	+640,008	$36,718,334	+27.9%	0.76%
CB	Chubb Ltd Financial Services	Held	111,885	0	$36,466,678	+4.4%	0.75%
NQP	NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND Financial Services	Added	3,017,202	+1,455,646	$35,995,219	+93.9%	0.74%
JGH	Nuveen Global High Income Fund Financial Services	Added	2,908,822	+5,125	$35,545,804	−2.9%	0.73%
JHS	John Hancock Income Securities Trust Financial Services	NEW	3,193,796	NEW	$34,940,128	NEW	0.72%
JFR	Nuveen Floating Rate Income Fund Financial Services	Added	4,639,416	+61,751	$34,888,408	−2.7%	0.72%
JMM	Nuveen Multi-Market Income Fund Financial Services	Reduced	5,694,517	-37,136	$33,540,705	−3.1%	0.69%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	111,901	-254	$32,916,798	−8.9%	0.68%
UTF	Cohen & Steers Infrastructure Fund Inc Financial Services	Reduced	1,231,248	-1,413,126	$31,864,698	−50.0%	0.66%
LLY	ELI LILLY & Co Healthcare	Added	34,293	+2,150	$31,541,672	−8.7%	0.65%
BGB	Blackstone Strategic Credit 2027 Term Fund Financial Services	Added	2,753,133	+727,793	$30,697,432	+28.7%	0.63%
ANET	Arista Networks, Inc. Technology	Reduced	249,673	-15,450	$30,654,850	−11.8%	0.63%
FSSL	FS Specialty Lending Fund	Added	2,409,441	+764,877	$30,142,106	+29.6%	0.62%
MYI	Blackrock Muniyield Quality Fund III, Inc. Financial Services	Added	2,700,296	+2,495,608	$28,380,110	+1175.5%	0.58%
WMB	Williams Companies, Inc. Energy	Reduced	389,469	-28,010	$28,345,553	+13.0%	0.58%
EMO	ClearBridge Energy Midstream Opportunity Fund Inc. Financial Services	Reduced	534,295	-243,393	$28,221,461	−18.7%	0.58%
UNH	Unitedhealth Group Inc Healthcare	Added	103,156	+7,281	$27,912,982	−11.8%	0.58%
GS	Goldman Sachs Group Inc Financial Services	Reduced	32,987	-2,298	$27,906,672	−10.0%	0.58%
RIV	Rivernorth Opportunities Fund, Inc. Financial Services	Reduced	2,498,022	-273,018	$27,728,044	−14.8%	0.57%
FMY	First Trust Mortgage Income Fund Financial Services	Reduced	2,283,135	-13,971	$26,872,498	−3.7%	0.55%
MGF	Mfs Government Markets Income Trust Financial Services	Added	9,130,038	+341,418	$26,842,311	+0.8%	0.55%
ERC	Allspring Multi-Sector Income Fund Financial Services	Reduced	2,870,006	-190,963	$25,858,754	−9.2%	0.53%