Sit Investment Associates Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Sit Investment Associates Inc. reported 529 stock positions worth $4.3 billion. Its top holding was Microsoft (MSFT) at 3.3% of the portfolio, followed by Apple (AAPL, 2.7%) and Nvidia (NVDA, 2.6%). Compared with Q1 2024, it opened 33 new positions, sold out of 24, added to 147 and reduced 209. The biggest buy was Eli Lilly (LLY, shares +155125%) and the biggest sale Clearbridge Energy Midstream (EMO, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0000769317
- Portfolio Value
- $4.3B (Q2 2024)
- SEC Filing
- 0000897101-24-000370 ↗ filed Aug 14, 2024
Holdings Value
Holdings 529 stocks · $4.3B
| MSFT Microsoft Corp. | 3.26% | 316,508 | $141.5M | Reduce -3.4% |
| AAPL Apple Inc. | 2.68% | 552,611 | $116.4M | Reduce -3.0% |
| NVDA Nvidia Corp. | 2.60% | 913,633 | $112.9M | Reduce -4.2% |
| AVGO Broadcom Inc. | 2.23% | 60,340 | $96.9M | Reduce -8.9% |
| PIM Franklin Master Interm IT-Ui filed as PUTNAM MASTER INTER INCOME T | 1.59% | 21,361,682 | $68.9M | Reduce -2.5% |
| PPT Franklin Premir Inc. Trust-Ui | 1.57% | 19,030,270 | $68.1M | Reduce -6.9% |
| MIN Aberdeen Intermediate Inc. FD | 1.34% | 21,834,948 | $58.1M | Reduce -0.7% |
| BBN BlackRock Taxable Muni BND | 1.32% | 3,502,717 | $57.3M | Add +4.0% |
| KTF DWS Municipal Income Trust | 1.31% | 5,997,374 | $56.8M | Add +4.9% |
| BTZ BlackRock Credit Allocation | 1.27% | 5,147,518 | $55.1M | Reduce -3.6% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 1.27% | 4,802,135 | $55.0M | Add +13.4% |
| NBB Nuveen Taxable Municipal Inc. | 1.26% | 3,534,187 | $54.8M | Add +16.9% |
| GOOGL Alphabet Inc. Class A | 1.15% | 274,327 | $50.0M | Reduce -4.5% |
| XEVVX Eaton Vance Ltd. Durat Inc. | 1.12% | 4,984,532 | $48.5M | Reduce -2.0% |
| JPC Nuveen Prefered & Income Opp | 1.07% | 6,200,735 | $46.3M | Reduce -5.7% |
| AMAT Applied Materials Inc. | 1.00% | 183,938 | $43.4M | Reduce -5.9% |
| AMZN Amazon.com Inc. | 0.96% | 216,371 | $41.8M | Add +6.4% |
| UNH Unitedhealth Group Inc. | 0.94% | 79,834 | $40.7M | Reduce -4.5% |
| NAD Nuveen Quality Municipal Inc. | 0.94% | 3,462,925 | $40.7M | Add +9.5% |
| INSIGHT SELECT INCOME FUND | 0.92% | 2,454,358 | $40.1M | Reduce -2.8% |
| DBL Doubleline Opport Credit | 0.92% | 2,599,157 | $39.9M | Reduce -6.0% |
| BTX BlackRock Tech & Priv Eqty | 0.87% | 5,244,473 | $37.9M | Add +2.1% |
| XMUIX BlackRock Municipal Income | 0.81% | 2,854,684 | $35.2M | Add +10.9% |
| EIM Eaton Vance Municipal Bond | 0.76% | 3,117,314 | $33.0M | Add +15.9% |
| TSI TCW Strategic Income Fund | 0.76% | 6,937,293 | $32.9M | Reduce -7.1% |
| ECAT BlackRock ESG Cap All TRM TR | 0.75% | 1,860,116 | $32.6M | Reduce -16.9% |
| FINS Angel Oak Financ Strat Inc. | 0.74% | 2,608,606 | $32.3M | Add +12.5% |
| JMM Nuveen Multi-Market Income | 0.73% | 5,341,324 | $31.9M | Reduce -0.5% |
| VGM Invesco Trust for Investmen | 0.73% | 3,079,219 | $31.6M | Add +27.0% |
| VMO Invesco Municipal Opport | 0.72% | 3,110,313 | $31.4M | Add +12.1% |
| CB Chubb Ltd. | 0.70% | 119,742 | $30.5M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 0.70% | 150,285 | $30.4M | Reduce -4.4% |
| XNXJX Nuveen NJ QLTY Muni Inc. | 0.69% | 2,454,495 | $30.0M | Add +14.2% |
| MUC BlackRock Munihold Ca QLTY | 0.68% | 2,656,584 | $29.5M | Add +1.1% |
| XHIEX Miller/Howard High Income Eq | 0.67% | 2,606,471 | $29.2M | Add +12.1% |
| XEVMX Eaton Vance Cal Muni Bond | 0.67% | 3,058,410 | $29.1M | Add +5.9% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.66% | 2,337,713 | $28.5M | Add +16.0% |
| JLS Nuveen Mortgage & Income | 0.65% | 1,576,905 | $28.4M | Reduce -4.0% |
| JHS John Hancock Income Sec TR | 0.64% | 2,550,600 | $27.8M | Reduce -2.5% |
| BKT BlackRock Income Trust | 0.62% | 2,263,551 | $27.0M | Reduce -11.4% |
| CLM Cornerstone Strategic Invest | 0.62% | 3,493,571 | $26.9M | Reduce -36.7% |
| FMY First Trust Mortgage Income | 0.62% | 2,251,120 | $26.9M | Reduce -1.0% |
| XMIOX Pioneer Muni High Inc. Opp | 0.61% | 2,292,354 | $26.7M | Add +7.9% |
| VPV Invesco Pa Val Muni Inc. | 0.61% | 2,441,313 | $26.5M | Add +3.4% |
| PDX PIMCO Dynamic Income Strat | 0.61% | 1,187,490 | $26.5M | Add +20.7% |
| ACN Accenture PLC Class A | 0.60% | 86,502 | $26.2M | Reduce -0.7% |
| NVG Nuveen Amt-FR Muni CRDT | 0.60% | 2,086,669 | $26.0M | Reduce -12.9% |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.60% | 1,692,574 | $26.0M | Add +1.8% |
| VKQ Invesco Municipal Trust | 0.58% | 2,536,051 | $25.3M | Add +36.0% |
| META Meta Platforms Inc. Class A | 0.57% | 49,269 | $24.8M | Add +62.5% |
| NPFD Nuveen Var RT Pref & Inc. | 0.55% | 1,310,011 | $24.1M | Add +8.6% |
| COP Conocophillips | 0.55% | 207,239 | $23.7M | Reduce -0.3% |
| HD Home Depot Inc. | 0.54% | 67,976 | $23.4M | Add +6.7% |
| V Visa Inc. Class A | 0.54% | 88,769 | $23.3M | Add +0.3% |
| ANET Arista Networks Inc. | 0.53% | 65,522 | $23.0M | Reduce -0.8% |
| MGF Aberdeen Govrn MKTS Inc. Fund | 0.52% | 7,327,129 | $22.5M | Reduce -2.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.51% | 201,445 | $22.2M | Reduce -1.7% |
| VTN Invesco TR for Invest GRD NY | 0.51% | 1,954,256 | $22.0M | Add +21.1% |
| FSCO FS Credit Opportunities Corp. | 0.51% | 3,442,694 | $21.9M | Reduce -7.8% |
| UNP Union Pacific Corp. | 0.50% | 96,370 | $21.8M | Add +7.2% |
| ADBE Adobe Inc. | 0.50% | 38,829 | $21.6M | Reduce -2.2% |
| XENWX Eaton Vance New York Municip | 0.50% | 2,184,827 | $21.5M | Add +2.9% |
| PEP Pepsico Inc. | 0.49% | 129,084 | $21.3M | Reduce -1.7% |
| ABT Abbott Laboratories | 0.47% | 196,454 | $20.4M | Add +6.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.46% | 254,170 | $19.8M | Reduce -3.1% |
| FDX FedEx Corp. | 0.45% | 64,451 | $19.3M | Reduce -10.3% |
| GS Goldman Sachs Group Inc. | 0.44% | 42,680 | $19.3M | Reduce -4.0% |
| GOOG Alphabet Inc. Class C | 0.43% | 101,625 | $18.6M | Reduce -0.4% |
| XMHIX Pioneer Muni High Inc. TR | 0.42% | 1,989,523 | $18.2M | Add +9.7% |
| HON Honeywell International Inc. | 0.40% | 82,080 | $17.5M | Reduce -3.5% |
| INTU Intuit Inc. | 0.40% | 26,648 | $17.5M | Reduce -18.6% |
| NRK Nuveen NY Amt-FR Muni Inc. | 0.40% | 1,575,363 | $17.5M | Add +22.0% |
| XEGFX BlackRock Enhanced Govern | 0.40% | 1,838,123 | $17.2M | Add +2.4% |
| XOM Exxon Mobil Corp. | 0.39% | 148,640 | $17.1M | Reduce -0.1% |
| NPCT Nuveen Core Plus Impact | 0.39% | 1,557,930 | $16.9M | Add +4.8% |
| HYI Western Asset High Yield Opp | 0.39% | 1,456,805 | $16.9M | Reduce -2.9% |
| MCD McDonald's Corp. | 0.38% | 65,359 | $16.7M | Add +13.6% |
| ORCL Oracle Corp. | 0.37% | 113,546 | $16.0M | Reduce -13.5% |
| CRM Salesforce Inc. | 0.36% | 61,273 | $15.8M | Add +1.3% |
| ABBV Abbvie Inc. | 0.35% | 89,377 | $15.3M | Add +61.0% |
| GDO Western Ast GLB Corp. Opprnty | 0.35% | 1,231,302 | $15.0M | Add +7.2% |
| XPMAX Pioneer Municipal High Inc. | 0.34% | 1,814,668 | $14.9M | Add +70.2% |
| BAH Booz Allen Hamilton Holdings | 0.34% | 96,565 | $14.9M | Reduce -4.0% |
| GD General Dynamics Corp. | 0.34% | 51,062 | $14.8M | Add +9.0% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 26,780 | $14.8M | Reduce -2.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.34% | 102,312 | $14.6M | Add +8.6% |
| DXCM Dexcom Inc. | 0.34% | 128,757 | $14.6M | Add +0.7% |
| SIEGY Siemens AG-Spons ADR | 0.32% | 149,372 | $13.9M | Reduce -14.7% |
| MMD Nylim Mackay Definedterm Mun filed as MAINSTAY MACKAY DEFINEDTERM | 0.32% | 832,255 | $13.8M | Add +16.6% |
| TEL Te Connectivity Ltd. | 0.32% | 91,450 | $13.8M | Add +2.2% |
| XBFZX BlackRock Ca Muni Inc. TR | 0.31% | 1,138,749 | $13.6M | Add +6.0% |
| IGI Western Asst Inv GR Oppor TR | 0.31% | 795,520 | $13.6M | Reduce -12.1% |
| NMAI Nuveen Multi-Asset Income | 0.30% | 1,071,545 | $13.2M | Reduce -26.4% |
| XEVGX Eaton Vance Short Dur Div Inc. | 0.30% | 1,221,670 | $13.2M | Reduce -2.7% |
| RGA Reinsurance Group of America | 0.30% | 63,660 | $13.1M | Reduce -3.0% |
| LNG Cheniere Energy Inc. | 0.30% | 73,991 | $12.9M | Add +0.1% |
| JNJ Johnson & Johnson | 0.30% | 87,940 | $12.9M | Reduce -38.5% |
| PG The Procter & Gamble Co. | 0.29% | 76,665 | $12.6M | Add +2.5% |
| ICE Intercontinental Exchange Inc. | 0.29% | 90,540 | $12.4M | Add +0.9% |
| MPWR Monolithic Power Systems Inc. | 0.28% | 14,994 | $12.3M | Reduce -0.4% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRC GROUP HOLDINGS INC (RILY 5.5 03/31/26) | PFD | 40,000 | $850K | No change |
| NATIONAL RURAL UTIL COOP (NRUC 5.5 05/15/64 US) | PFD | 20,000 | $489K | No change |
| ATLANTICUS HOLDINGS CORP (ATLC 6.125 11/30/26) | Pref | 18,000 | $404K | No change |
| NXG NEXTGEN INFRAS | RIGHT 07/17/2024 | 179,514 | $99K | New |
Total filed on the 13F, all lines: $4.3B.
Portfolio Sells Q1 2024 → Q2 2024
| EMO Clearbridge Energy Midstream | Reduce -87.8% | 0.10% | −0.73 |
| CLM Cornerstone Strategic Invest | Reduce -36.7% | 0.62% | −0.33 |
| GILD Gilead Sciences Inc. | Reduce -89.5% | 0.03% | −0.28 |
| CLEARBRIDGE MLP AND MIDSTRM | Reduce -92.6% | 0.02% | −0.24 |
| CEM Clearbridge MLP & Midstream | Sold out | 0.00% | −0.24 |
| JNJ Johnson & Johnson | Reduce -38.5% | 0.30% | −0.22 |
| ZTR Virtus Total Return Fund Inc. | Reduce -41.1% | 0.28% | −0.20 |
| AMP Ameriprise Financial Inc. | Reduce -40.8% | 0.23% | −0.17 |
| JFR Nuveen Floating Rate Income | Reduce -90.7% | 0.02% | −0.15 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.15 |
| ECAT BlackRock ESG Cap All TRM TR | Reduce -16.9% | 0.75% | −0.14 |
| MDLZ Mondelez International Inc. Class A | Reduce -39.1% | 0.19% | −0.14 |
| BCAT BlackRock Capital Alloc TR | Reduce -51.2% | 0.12% | −0.13 |
| PTA Cohen & Steers Tax-Advantage | Reduce -90.3% | 0.01% | −0.12 |
| NZF Nuveen Municipal Credit Inc. | Reduce -35.7% | 0.22% | −0.12 |
| NMAI Nuveen Multi-Asset Income | Reduce -26.4% | 0.30% | −0.11 |
| VBF Invesco Bond Fund | Reduce -40.5% | 0.16% | −0.10 |
| EG Everest Group Ltd. | Reduce -48.1% | 0.10% | −0.10 |
| WEA Western Asset Premier Bond | Reduce -32.4% | 0.19% | −0.09 |
| ACN Accenture PLC Class A | Reduce -0.7% | 0.60% | −0.09 |
| INTU Intuit Inc. | Reduce -18.6% | 0.40% | −0.09 |
| PPT Franklin Premir Inc. Trust-Ui | Reduce -6.9% | 1.57% | −0.09 |
| DTE DTE Energy Company | Reduce -39.4% | 0.12% | −0.08 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -29.3% | 0.20% | −0.08 |
| MDT Medtronic PLC | Reduce -39.5% | 0.10% | −0.08 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.08 |
| BKT BlackRock Income Trust | Reduce -11.4% | 0.62% | −0.08 |
| IDE Voya Infrastructure Indust | Sold out | 0.00% | −0.08 |
| NKE Nike Inc. Class B | Reduce -18.9% | 0.14% | −0.08 |
| DHY UBS Asset Management High Yi | Reduce -35.3% | 0.14% | −0.08 |
| CAH Cardinal Health Inc. | Reduce -33.5% | 0.11% | −0.07 |
| BGB Blackstone Strategic Credit | Reduce -63.5% | 0.04% | −0.07 |
| TFII Tfi International Inc. | Reduce -25.1% | 0.15% | −0.07 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -12.9% | 0.60% | −0.07 |
| VKI Invesco Adv Muni Inc. TR II | Reduce -32.8% | 0.16% | −0.07 |
| TSI TCW Strategic Income Fund | Reduce -7.1% | 0.76% | −0.07 |
| ARDC Ares Dynamic Credit All | Sold out | 0.00% | −0.07 |
| XHTAX Invesco Hi Inc. 2024 TRGT TRM | Sold out | 0.00% | −0.07 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -81.6% | 0.01% | −0.06 |
| SIEGY Siemens AG-Spons ADR | Reduce -14.7% | 0.32% | −0.06 |
| COP Conocophillips | Reduce -0.3% | 0.55% | −0.06 |
| DBL Doubleline Opport Credit | Reduce -6.0% | 0.92% | −0.06 |
| SBUX Starbucks Corp. | Reduce -49.0% | 0.05% | −0.06 |
| WIW Western Asst Infl-LNK Opp | Reduce -32.1% | 0.12% | −0.06 |
| ADI Analog Devices Inc. | Reduce -84.9% | 0.01% | −0.06 |
| THC Tenet Healthcare Corp. | Reduce -47.1% | 0.12% | −0.06 |
| BGX Blackstone Long-Short Credit | Reduce -23.4% | 0.20% | −0.06 |
| ISD Pgim High Yield Bond Fund | Reduce -26.2% | 0.16% | −0.06 |
| PPG PPG Industries Inc. | Reduce -24.5% | 0.11% | −0.06 |
| GHY Pgim Global High Yield Fund | Reduce -20.7% | 0.21% | −0.06 |
Portfolio Buys Q1 2024 → Q2 2024
| LLY Eli Lilly & Co. | Add +155125.0% | 0.26% | +0.26 |
| MRK Merck & Co. Inc. | Add +8279.4% | 0.25% | +0.24 |
| META Meta Platforms Inc. Class A | Add +62.5% | 0.57% | +0.23 |
| NBB Nuveen Taxable Municipal Inc. | Add +16.9% | 1.26% | +0.20 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +13.4% | 1.27% | +0.19 |
| NEE Nextera Energy Inc. | Add +169.6% | 0.28% | +0.19 |
| VGM Invesco Trust for Investmen | Add +27.0% | 0.73% | +0.18 |
| NBXG Neuberger Next Generation Co. | New | 0.17% | +0.17 |
| VKQ Invesco Municipal Trust | Add +36.0% | 0.58% | +0.17 |
| A Agilent Technologies Inc. | Add +3311.4% | 0.16% | +0.16 |
| XPMAX Pioneer Municipal High Inc. | Add +70.2% | 0.34% | +0.14 |
| PDX PIMCO Dynamic Income Strat | Add +20.7% | 0.61% | +0.13 |
| AFB Allianceberstein NTL Muni | New | 0.12% | +0.12 |
| KTF DWS Municipal Income Trust | Add +4.9% | 1.31% | +0.12 |
| ABBV Abbvie Inc. | Add +61.0% | 0.35% | +0.12 |
| AMZN Amazon.com Inc. | Add +6.4% | 0.96% | +0.12 |
| EIM Eaton Vance Municipal Bond | Add +15.9% | 0.76% | +0.12 |
| EBAY eBay Inc. | New | 0.12% | +0.12 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Add +16.0% | 0.66% | +0.11 |
| MYN BlackRock Muniyield NY QLTY | Add +1451.6% | 0.12% | +0.11 |
| VTN Invesco TR for Invest GRD NY | Add +21.1% | 0.51% | +0.11 |
| NAD Nuveen Quality Municipal Inc. | Add +9.5% | 0.94% | +0.10 |
| VMO Invesco Municipal Opport | Add +12.1% | 0.72% | +0.10 |
| XMUIX BlackRock Municipal Income | Add +10.9% | 0.81% | +0.10 |
| XNXJX Nuveen NJ QLTY Muni Inc. | Add +14.2% | 0.69% | +0.09 |
| DMF BNYM Municipal Income | Add +41.0% | 0.25% | +0.08 |
| XHIEX Miller/Howard High Income Eq | Add +12.1% | 0.67% | +0.08 |
| NRK Nuveen NY Amt-FR Muni Inc. | Add +22.0% | 0.40% | +0.08 |
| FINS Angel Oak Financ Strat Inc. | Add +12.5% | 0.74% | +0.08 |
| MU Micron Technology Inc. | Add +78.3% | 0.15% | +0.07 |
| GLO Clough Global Opportunities | Add +27.1% | 0.27% | +0.07 |
| ISRG Intuitive Surgical Inc. | Add +81.0% | 0.13% | +0.07 |
| HQL Abrdn Life Sciences Investor | New | 0.06% | +0.06 |
| XMIOX Pioneer Muni High Inc. Opp | Add +7.9% | 0.61% | +0.06 |
| MHN BlackRock Muniholding NY QLT | Add +1607.9% | 0.06% | +0.06 |
| ASGI Abrdn Global Infrastructure | New | 0.06% | +0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +8.6% | 0.34% | +0.06 |
| NPFD Nuveen Var RT Pref & Inc. | Add +8.6% | 0.55% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.06% | +0.06 |
| VPV Invesco Pa Val Muni Inc. | Add +3.4% | 0.61% | +0.05 |
| PANW Palo Alto Networks Inc. | Add +5.0% | 0.27% | +0.05 |
| XBOEX BlackRock Enh GLBL DVD TR | New | 0.05% | +0.05 |
| BBN BlackRock Taxable Muni BND | Add +4.0% | 1.32% | +0.05 |
| XGLQX Clough Global Equity Fund | Add +25.2% | 0.21% | +0.05 |
| XMHIX Pioneer Muni High Inc. TR | Add +9.7% | 0.42% | +0.05 |
| MMD Nylim Mackay Definedterm Mun | Add +16.6% | 0.32% | +0.05 |
| CPZ Calamos LNG/SHRT Eqty & DYN | Add +21.9% | 0.27% | +0.05 |
| AIG American International Group | Add +29.9% | 0.24% | +0.05 |
| XBNYX BlackRock New York Muni Inc. | Add +4951.9% | 0.04% | +0.04 |
| XEVMX Eaton Vance Cal Muni Bond | Add +5.9% | 0.67% | +0.04 |
Notes & Other Activity Q1 2024 → Q2 2024
| NXG NEXTGEN INFRAS | RIGHT 07/17/2024 | New | 179,514 | $99K |
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 |