Sit Investment Associates Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Sit Investment Associates Inc. reported 520 stock positions worth $4.3 billion. Its top holding was Microsoft (MSFT) at 3.2% of the portfolio, followed by Apple (AAPL, 2.2%) and Broadcom (AVGO, 2.0%). Compared with Q4 2023, it opened 19 new positions, sold out of 31, added to 158 and reduced 180. The biggest buy was BlackRock Tech & Priv Eqty (BTX, shares +142%) and the biggest sale Cornerstone Strategic Invest (CLM, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0000769317
- Portfolio Value
- $4.3B (Q1 2024)
- SEC Filing
- 0000897101-24-000177 ↗ filed May 14, 2024
Holdings Value
Holdings 520 stocks · $4.3B
| MSFT Microsoft Corp. | 3.17% | 327,489 | $137.8M | Reduce -1.9% |
| AAPL Apple Inc. | 2.25% | 569,520 | $97.7M | Reduce -3.4% |
| AVGO Broadcom Inc. | 2.02% | 66,259 | $87.8M | Reduce -3.9% |
| NVDA Nvidia Corp. | 1.98% | 95,315 | $86.1M | Reduce -0.5% |
| PPT Franklin Premir Inc. Trust-Ui | 1.65% | 20,437,805 | $71.9M | Add +3.3% |
| PIM Franklin Master Interm IT-Ui filed as PUTNAM MASTER INTER INCOME T | 1.61% | 21,906,987 | $70.1M | Add +5.6% |
| MIN Aberdeen Intermediate Inc. FD | 1.34% | 21,977,184 | $58.5M | Add +0.4% |
| BTZ BlackRock Credit Allocation | 1.31% | 5,339,999 | $57.1M | Reduce -9.3% |
| BBN BlackRock Taxable Muni BND | 1.27% | 3,369,057 | $55.0M | Add +15.0% |
| KTF DWS Municipal Income Trust | 1.19% | 5,716,673 | $51.6M | Add +7.5% |
| XEVVX Eaton Vance Ltd. Durat Inc. | 1.14% | 5,085,176 | $49.6M | Reduce -4.6% |
| JPC Nuveen Prefered & Income Opp | 1.09% | 6,578,667 | $47.3M | Add +1.1% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 1.08% | 4,234,205 | $46.9M | Add +24.7% |
| NBB Nuveen Taxable Municipal Inc. | 1.06% | 3,022,481 | $46.3M | Add +14.0% |
| GOOGL Alphabet Inc. Class A | 1.00% | 287,197 | $43.3M | Reduce -3.5% |
| DBL Doubleline Opport Credit | 0.98% | 2,765,600 | $42.6M | Reduce -3.4% |
| BTX BlackRock Tech & Priv Eqty | 0.96% | 5,133,914 | $41.8M | Add +142.5% |
| INSIGHT SELECT INCOME FUND | 0.96% | 2,525,647 | $41.6M | Add +7.4% |
| CLM Cornerstone Strategic Invest | 0.95% | 5,517,205 | $41.5M | Reduce -49.7% |
| UNH Unitedhealth Group Inc. | 0.95% | 83,557 | $41.3M | Add +0.7% |
| AMAT Applied Materials Inc. | 0.93% | 195,433 | $40.3M | Reduce -6.3% |
| ECAT BlackRock ESG Cap All TRM TR | 0.89% | 2,237,701 | $38.8M | Add +5.9% |
| AMZN Amazon.com Inc. | 0.84% | 203,346 | $36.7M | Add +35.8% |
| EMO Clearbridge Energy Midstream | 0.84% | 896,205 | $36.4M | No change |
| NAD Nuveen Quality Municipal Inc. | 0.83% | 3,163,647 | $36.3M | Reduce -1.2% |
| TSI TCW Strategic Income Fund | 0.83% | 7,467,312 | $35.9M | Add +11.2% |
| JMM Nuveen Multi-Market Income | 0.75% | 5,370,521 | $32.7M | Add +14.2% |
| JPM JPMorgan Chase & Co. | 0.72% | 157,200 | $31.5M | Reduce -5.1% |
| CB Chubb Ltd. | 0.72% | 121,042 | $31.4M | Reduce -1.9% |
| XMUIX BlackRock Municipal Income | 0.71% | 2,574,932 | $31.1M | Add +72.7% |
| BKT BlackRock Income Trust | 0.70% | 2,556,371 | $30.4M | Reduce -14.3% |
| ACN Accenture PLC Class A | 0.69% | 87,112 | $30.2M | Add +0.9% |
| JHS John Hancock Income Sec TR | 0.67% | 2,615,245 | $29.2M | Add +7.5% |
| JLS Nuveen Mortgage & Income | 0.67% | 1,642,107 | $29.2M | Add +6.3% |
| NVG Nuveen Amt-FR Muni CRDT | 0.67% | 2,395,598 | $29.1M | Reduce -4.5% |
| FINS Angel Oak Financ Strat Inc. | 0.67% | 2,318,059 | $29.0M | Add +187.9% |
| MUC BlackRock Munihold Ca QLTY | 0.67% | 2,628,728 | $28.9M | Add +4.5% |
| EIM Eaton Vance Municipal Bond | 0.64% | 2,690,366 | $27.8M | Add +66.5% |
| FMY First Trust Mortgage Income | 0.64% | 2,274,727 | $27.7M | Add +8.9% |
| XEVMX Eaton Vance Cal Muni Bond | 0.63% | 2,888,942 | $27.3M | Add +8.9% |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.63% | 1,662,810 | $27.3M | Add +245.6% |
| VMO Invesco Municipal Opport | 0.62% | 2,775,643 | $27.0M | Add +134.5% |
| COP Conocophillips | 0.61% | 207,769 | $26.4M | Reduce -3.0% |
| XNXJX Nuveen NJ QLTY Muni Inc. | 0.60% | 2,148,885 | $26.0M | Add +37.5% |
| XHIEX Miller/Howard High Income Eq | 0.59% | 2,325,806 | $25.8M | Add +20.5% |
| V Visa Inc. Class A | 0.57% | 88,549 | $24.7M | Reduce -2.8% |
| HD Home Depot Inc. | 0.56% | 63,683 | $24.4M | Reduce -1.1% |
| VPV Invesco Pa Val Muni Inc. | 0.56% | 2,360,040 | $24.2M | Add +26.9% |
| XMIOX Pioneer Muni High Inc. Opp | 0.55% | 2,124,007 | $24.0M | Add +15.0% |
| MGF Aberdeen Govrn MKTS Inc. Fund | 0.55% | 7,476,197 | $23.9M | Add +12.8% |
| VGM Invesco Trust for Investmen | 0.55% | 2,424,344 | $23.9M | Add +6.4% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.55% | 2,014,586 | $23.8M | Add +40.5% |
| PEP Pepsico Inc. | 0.53% | 131,344 | $23.0M | Add +2.4% |
| JNJ Johnson & Johnson | 0.52% | 143,078 | $22.6M | Reduce -16.4% |
| FSCO FS Credit Opportunities Corp. | 0.51% | 3,732,262 | $22.1M | Add +4.7% |
| UNP Union Pacific Corp. | 0.51% | 89,910 | $22.1M | Reduce -3.6% |
| NPFD Nuveen Var RT Pref & Inc. | 0.50% | 1,206,484 | $21.6M | Add +22.2% |
| INTU Intuit Inc. | 0.49% | 32,720 | $21.3M | Reduce -6.7% |
| ABT Abbott Laboratories | 0.48% | 184,744 | $21.0M | Reduce -8.0% |
| ZTR Virtus Total Return Fund Inc. | 0.48% | 3,756,981 | $20.9M | Reduce -12.2% |
| PDX PIMCO Dynamic Income Strat | 0.48% | 983,674 | $20.9M | Add +140.0% |
| FDX FedEx Corp. | 0.48% | 71,878 | $20.8M | Reduce -12.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.48% | 204,975 | $20.8M | Reduce -2.7% |
| XENWX Eaton Vance New York Municip | 0.47% | 2,124,221 | $20.6M | Add +9.8% |
| ADBE Adobe Inc. | 0.46% | 39,695 | $20.0M | Add +3.2% |
| ANET Arista Networks Inc. | 0.44% | 66,044 | $19.2M | Reduce -7.4% |
| GS Goldman Sachs Group Inc. | 0.43% | 44,460 | $18.6M | Reduce -4.8% |
| CRM Salesforce Inc. | 0.42% | 60,460 | $18.2M | Reduce -0.1% |
| NMAI Nuveen Multi-Asset Income | 0.42% | 1,456,430 | $18.1M | Add +5.5% |
| VKQ Invesco Municipal Trust | 0.42% | 1,864,408 | $18.1M | Add +1.7% |
| HYI Western Asset High Yield Opp | 0.41% | 1,500,654 | $17.9M | Reduce -15.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.41% | 262,325 | $17.8M | Reduce -5.6% |
| DXCM Dexcom Inc. | 0.41% | 127,870 | $17.7M | Reduce -0.1% |
| HON Honeywell International Inc. | 0.40% | 85,050 | $17.5M | Reduce -4.0% |
| AMP Ameriprise Financial Inc. | 0.40% | 39,795 | $17.4M | Reduce -1.8% |
| VTN Invesco TR for Invest GRD NY | 0.40% | 1,613,361 | $17.3M | Add +58.3% |
| XOM Exxon Mobil Corp. | 0.40% | 148,765 | $17.3M | Reduce -3.7% |
| XEGFX BlackRock Enhanced Govern | 0.39% | 1,795,508 | $17.0M | Add +24.5% |
| SIEGY Siemens AG-Spons ADR | 0.38% | 175,037 | $16.7M | Reduce -1.2% |
| ORCL Oracle Corp. | 0.38% | 131,326 | $16.5M | Reduce -21.3% |
| MCD McDonald's Corp. | 0.37% | 57,519 | $16.2M | Add +2.0% |
| XMHIX Pioneer Muni High Inc. TR | 0.37% | 1,814,364 | $16.0M | Add +44.2% |
| TMO Thermo Fisher Scientific Inc. | 0.37% | 27,495 | $16.0M | Reduce -24.4% |
| IGI Western Asst Inv GR Oppor TR | 0.36% | 904,735 | $15.6M | Add +27.2% |
| GOOG Alphabet Inc. Class C | 0.36% | 102,070 | $15.5M | No change |
| NPCT Nuveen Core Plus Impact | 0.35% | 1,487,350 | $15.4M | Add +29.0% |
| BAH Booz Allen Hamilton Holdings | 0.34% | 100,630 | $14.9M | Reduce -1.6% |
| META Meta Platforms Inc. Class A | 0.34% | 30,324 | $14.7M | Add +149.9% |
| NZF Nuveen Municipal Credit Inc. | 0.34% | 1,195,425 | $14.6M | Reduce -20.7% |
| GDO Western Ast GLB Corp. Opprnty | 0.33% | 1,148,191 | $14.3M | Add +0.0% |
| MDLZ Mondelez International Inc. Class A | 0.33% | 203,100 | $14.2M | Add +0.7% |
| NRK Nuveen NY Amt-FR Muni Inc. | 0.32% | 1,291,192 | $14.0M | Add +431.1% |
| XAXCX Invesco DYNM CRDT Opprt-Ax | 0.32% | 1,255,534 | $13.9M | New |
| GILD Gilead Sciences Inc. | 0.32% | 187,170 | $13.7M | Reduce -7.3% |
| XEVGX Eaton Vance Short Dur Div Inc. | 0.30% | 1,255,531 | $13.3M | Add +0.2% |
| GD General Dynamics Corp. | 0.30% | 46,842 | $13.2M | Reduce -12.9% |
| TEL Te Connectivity Ltd. | 0.30% | 89,478 | $13.0M | Add +6.4% |
| XBFZX BlackRock Ca Muni Inc. TR | 0.29% | 1,073,934 | $12.7M | Add +17.7% |
| RGA Reinsurance Group of America | 0.29% | 65,660 | $12.7M | Reduce -7.5% |
| ICE Intercontinental Exchange Inc. | 0.28% | 89,715 | $12.3M | Reduce -8.0% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $1.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRC GROUP HOLDINGS INC (RILY 5.5 03/31/26) | PFD | 40,000 | $762K | No change |
| NATIONAL RURAL UTIL COOP (NRUC 5.5 05/15/64 US) | PFD | 20,000 | $496K | No change |
| ATLANTICUS HOLDINGS CORP (ATLC 6.125 11/30/26) | Pref | 18,000 | $412K | No change |
Total filed on the 13F, all lines: $4.3B.
Portfolio Sells Q4 2023 → Q1 2024
| CLM Cornerstone Strategic Invest | Reduce -49.7% | 0.95% | −0.98 |
| CBRE GBL REAL ESTATE INC FD | Sold out | 0.00% | −0.56 |
| AAPL Apple Inc. | Reduce -3.4% | 2.25% | −0.54 |
| ACP Abrdn Income Credit Strat | Reduce -95.0% | 0.01% | −0.29 |
| WDI Western Asset Divers Inc. | Reduce -69.8% | 0.12% | −0.29 |
| BGB Blackstone Strategic Credit | Reduce -69.7% | 0.12% | −0.27 |
| APD Air Products & Chemicals Inc. | Reduce -99.7% | 0.00% | −0.23 |
| FTHY First Trust Hi YLD Opp 2027 | Reduce -90.9% | 0.02% | −0.22 |
| KIO KKR Income Opportunities | Sold out | 0.00% | −0.20 |
| BKT BlackRock Income Trust | Reduce -14.3% | 0.70% | −0.19 |
| SRV NXG Cushing Midstream Energy | Reduce -90.4% | 0.02% | −0.18 |
| BTZ BlackRock Credit Allocation | Reduce -9.3% | 1.31% | −0.18 |
| BHK BlackRock Core Bond Trust | Sold out | 0.00% | −0.16 |
| DHY UBS Asset Management High Yi | Reduce -38.9% | 0.22% | −0.15 |
| JFR Nuveen Floating Rate Income | Reduce -45.3% | 0.17% | −0.14 |
| JNJ Johnson & Johnson | Reduce -16.4% | 0.52% | −0.14 |
| PTA Cohen & Steers Tax-Advantage | Reduce -49.0% | 0.14% | −0.13 |
| OPP Rivernrth/Doublelne STR Opp | Reduce -79.8% | 0.03% | −0.12 |
| RCS PIMCO Strategic Income Fund | Sold out | 0.00% | −0.12 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.12 |
| HYI Western Asset High Yield Opp | Reduce -15.8% | 0.41% | −0.12 |
| XEVVX Eaton Vance Ltd. Durat Inc. | Reduce -4.6% | 1.14% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -24.4% | 0.37% | −0.11 |
| AFT Apollo Senior Floating Rate | Sold out | 0.00% | −0.10 |
| NZF Nuveen Municipal Credit Inc. | Reduce -20.7% | 0.34% | −0.10 |
| ADI Analog Devices Inc. | Reduce -54.7% | 0.07% | −0.10 |
| XRSFX Rivernorth Capital & Income | Reduce -26.0% | 0.23% | −0.10 |
| AMT American Tower Corp. | Reduce -78.0% | 0.02% | −0.10 |
| ZTR Virtus Total Return Fund Inc. | Reduce -12.2% | 0.48% | −0.10 |
| DBL Doubleline Opport Credit | Reduce -3.4% | 0.98% | −0.10 |
| ARDC Ares Dynamic Credit All | Reduce -57.5% | 0.07% | −0.10 |
| SWKS Skyworks Solutions Inc. | Reduce -64.1% | 0.05% | −0.09 |
| MS Morgan Stanley | Sold out | 0.00% | −0.09 |
| VBF Invesco Bond Fund | Reduce -22.9% | 0.27% | −0.09 |
| HIO Western Asset Hi Inc. Opport | Reduce -49.7% | 0.08% | −0.09 |
| GILD Gilead Sciences Inc. | Reduce -7.3% | 0.32% | −0.09 |
| WEA Western Asset Premier Bond | Reduce -15.0% | 0.28% | −0.08 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -38.4% | 0.08% | −0.07 |
| JGH Nuveen Global High Income | Sold out | 0.00% | −0.07 |
| ETV Eaton Vance T/M Buy-Writ Opp | Sold out | 0.00% | −0.07 |
| CPZ Calamos LNG/SHRT Eqty & DYN | Reduce -22.6% | 0.23% | −0.07 |
| NAD Nuveen Quality Municipal Inc. | Reduce -1.2% | 0.83% | −0.07 |
| SDHY Pgim SHRT Durat Hi YLD | Reduce -41.7% | 0.08% | −0.06 |
| IGA Voya Global Advan & Prem Opp | Sold out | 0.00% | −0.06 |
| ABT Abbott Laboratories | Reduce -8.0% | 0.48% | −0.06 |
| PPL PPL Corp. | Reduce -17.3% | 0.22% | −0.06 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -4.5% | 0.67% | −0.06 |
| O Realty Income Corp. | Reduce -9.9% | 0.22% | −0.06 |
| DTF DTF Tax-Free Income 2028 Ter | Sold out | 0.00% | −0.06 |
| WM Waste Management Inc. | Reduce -25.1% | 0.28% | −0.05 |
Portfolio Buys Q4 2023 → Q1 2024
| BTX BlackRock Tech & Priv Eqty | Add +142.5% | 0.96% | +0.58 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +245.6% | 0.63% | +0.45 |
| FINS Angel Oak Financ Strat Inc. | Add +187.9% | 0.67% | +0.43 |
| VMO Invesco Municipal Opport | Add +134.5% | 0.62% | +0.34 |
| XAXCX Invesco DYNM CRDT Opprt-Ax | New | 0.32% | +0.32 |
| XMUIX BlackRock Municipal Income | Add +72.7% | 0.71% | +0.29 |
| AMZN Amazon.com Inc. | Add +35.8% | 0.84% | +0.29 |
| PDX PIMCO Dynamic Income Strat | Add +140.0% | 0.48% | +0.27 |
| NRK Nuveen NY Amt-FR Muni Inc. | Add +431.1% | 0.32% | +0.26 |
| EIM Eaton Vance Municipal Bond | Add +66.5% | 0.64% | +0.24 |
| META Meta Platforms Inc. Class A | Add +149.9% | 0.34% | +0.23 |
| C Citigroup Inc. | New | 0.19% | +0.19 |
| VZ Verizon Communications Inc. | New | 0.19% | +0.19 |
| PPG PPG Industries Inc. | New | 0.16% | +0.16 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +24.7% | 1.08% | +0.16 |
| DELL Dell Technologies -C | New | 0.16% | +0.16 |
| XNXJX Nuveen NJ QLTY Muni Inc. | Add +37.5% | 0.60% | +0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +77.4% | 0.28% | +0.14 |
| BCAT BlackRock Capital Alloc TR | Add +111.4% | 0.26% | +0.14 |
| ADX Adams Diversified Equity | New | 0.14% | +0.14 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Add +40.5% | 0.55% | +0.14 |
| VTN Invesco TR for Invest GRD NY | Add +58.3% | 0.40% | +0.14 |
| LHX L3HARRIS Technologies Inc. | New | 0.13% | +0.13 |
| ABBV Abbvie Inc. | Add +77.3% | 0.23% | +0.11 |
| XPMAX Pioneer Municipal High Inc. | Add +130.7% | 0.20% | +0.11 |
| NPFD Nuveen Var RT Pref & Inc. | Add +22.2% | 0.50% | +0.10 |
| XMHIX Pioneer Muni High Inc. TR | Add +44.2% | 0.37% | +0.10 |
| VPV Invesco Pa Val Muni Inc. | Add +26.9% | 0.56% | +0.10 |
| BBN BlackRock Taxable Muni BND | Add +15.0% | 1.27% | +0.10 |
| INVH Invitation Homes Inc. | New | 0.10% | +0.10 |
| MMD Nylim Mackay Definedterm Mun | Add +62.4% | 0.27% | +0.09 |
| XHIEX Miller/Howard High Income Eq | Add +20.5% | 0.59% | +0.09 |
| WMB Williams Cos Inc. | Add +51.7% | 0.23% | +0.09 |
| MU Micron Technology Inc. | New | 0.07% | +0.07 |
| XMIOX Pioneer Muni High Inc. Opp | Add +15.0% | 0.55% | +0.07 |
| JMM Nuveen Multi-Market Income | Add +14.2% | 0.75% | +0.07 |
| TSI TCW Strategic Income Fund | Add +11.2% | 0.83% | +0.07 |
| NPCT Nuveen Core Plus Impact | Add +29.0% | 0.35% | +0.07 |
| ISRG Intuitive Surgical Inc. | New | 0.07% | +0.07 |
| DMF BNYM Municipal Income | Add +64.4% | 0.17% | +0.06 |
| ECAT BlackRock ESG Cap All TRM TR | Add +5.9% | 0.89% | +0.06 |
| NBH Neuberger Municipal Fund Inc. | Add +34.9% | 0.25% | +0.05 |
| IGI Western Asst Inv GR Oppor TR | Add +27.2% | 0.36% | +0.05 |
| PFD Flaherty & Crumrin Pre&inc F | Add +245.8% | 0.07% | +0.05 |
| MDT Medtronic PLC | Add +38.8% | 0.17% | +0.05 |
| XEGFX BlackRock Enhanced Govern | Add +24.5% | 0.39% | +0.05 |
| JHI John Hancock Investors TR | Add +1510.9% | 0.05% | +0.05 |
| AVAV Aerovironment Inc. | Add +133.7% | 0.07% | +0.05 |
| XJPIX Nuveen Preferred Securities | Add +20.8% | 0.25% | +0.04 |
| NBB Nuveen Taxable Municipal Inc. | Add +14.0% | 1.06% | +0.04 |
Notes & Other Activity Q4 2023 → Q1 2024
| ELLINGTON FINANCIAL (EFC V6.25 PERP B) | COMMON | Sold out | 19,290 | $379Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 521 | $5.3B | NVDA, AVGO, FINS, AAPL, BBN |
| Q1 2026 | 498 | $4.9B | NVDA, FINS, AVGO, BBN, AAPL |
| Q4 2025Amended | 512 | $5.1B | NVDA, AVGO, FINS, MSFT, AAPL |
| Q3 2025 | 512 | $4.9B | NVDA, AVGO, MSFT, FINS, AAPL |
| Q2 2025 | 520 | $4.7B | MSFT, NVDA, AVGO, FINS, AAPL |
| Q1 2025 | 521 | $4.3B | MSFT, AAPL, NVDA, AVGO, KTF |
| Q4 2024 | 529 | $4.4B | MSFT, AAPL, NVDA, AVGO, KTF |
| Q3 2024 | 536 | $4.5B | MSFT, AAPL, NVDA, AVGO, KTF |
| Q2 2024 | 529 | $4.3B | MSFT, AAPL, NVDA, AVGO, PIM |
| Q1 2024 | 520 | $4.3B | MSFT, AAPL, AVGO, NVDA, PPT |