Sit Investment Associates Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Sit Investment Associates Inc. reported 512 stock positions worth $5.1 billion. Its top holding was Nvidia (NVDA) at 3.0% of the portfolio, followed by Broadcom (AVGO, 3.0%) and Angel Oak Financ Strat (FINS, 2.7%). Compared with Q3 2025, it opened 29 new positions, sold out of 29, added to 120 and reduced 161. The biggest buy was Cohen & Steers Infrastructur (UTF, shares +1225%) and the biggest sale an exit from Eaton Vance Cal Muni Bond (XEVMX).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0000769317
- Portfolio Value
- $5.1B (Q4 2025)
- SEC Filing
- 0000897101-26-000038 ↗ filed Feb 12, 2026
Holdings Value
Holdings 512 stocks · $5.1B
| NVDA Nvidia Corp. | 3.05% | 830,362 | $154.9M | Reduce -4.6% |
| AVGO Broadcom Inc. | 3.02% | 442,745 | $153.2M | Reduce -5.2% |
| FINS Angel Oak Financ Strat Inc. | 2.67% | 10,285,734 | $135.9M | Add +3.2% |
| MSFT Microsoft Corp. | 2.62% | 274,885 | $132.9M | Reduce -3.6% |
| AAPL Apple Inc. | 2.46% | 459,252 | $124.9M | Reduce -3.1% |
| BBN BlackRock Taxable Muni BND | 2.15% | 6,694,566 | $109.3M | Add +5.9% |
| BHK BlackRock Core Bond Trust | 2.01% | 10,637,573 | $102.0M | Reduce -1.4% |
| PPT Franklin Premir Inc. Trust-Ui | 1.97% | 28,292,873 | $100.2M | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 1.78% | 288,177 | $90.2M | Reduce -1.9% |
| KTF DWS Municipal Income Trust | 1.77% | 9,883,177 | $89.8M | Add +0.5% |
| CRF Cornerstone Total Return | 1.59% | 10,090,707 | $80.8M | Reduce -12.0% |
| MIN Aberdeen Intermediate Inc. FD | 1.50% | 29,167,975 | $76.1M | Add +0.7% |
| PIM Franklin Master Interm IT-Ui filed as PUTNAM MASTER INTER INCOME T | 1.49% | 22,729,288 | $75.9M | Reduce -3.2% |
| BTZ BlackRock Credit Allocation | 1.37% | 6,430,309 | $69.6M | Add +8.3% |
| BIT BlackRock Multi-Sector Inc. | 1.28% | 4,961,943 | $64.8M | Reduce -1.8% |
| XEVVX Eaton Vance Ltd. Durat Inc. | 1.26% | 6,460,942 | $64.0M | Add +0.7% |
| UTF Cohen & Steers Infrastructur | 1.25% | 2,644,374 | $63.8M | Add +1225.2% |
| NBB Nuveen Taxable Municipal Inc. | 1.19% | 3,831,416 | $60.5M | Add +2.0% |
| BKT BlackRock Income Trust | 1.10% | 5,050,211 | $55.8M | Add +117.1% |
| AMZN Amazon.com Inc. | 1.09% | 240,189 | $55.4M | Reduce -0.9% |
| DBL Doubleline Opport Credit | 1.04% | 3,469,728 | $52.9M | Add +2.0% |
| NPFD Nuveen Var RT Pref & Inc. | 1.01% | 2,689,668 | $51.2M | Reduce -2.3% |
| TSI TCW Strategic Income Fund | 0.99% | 10,208,852 | $50.4M | Add +8.1% |
| META Meta Platforms Inc. Class A | 0.94% | 72,198 | $47.7M | Add +5.7% |
| XSCDX LMP Capital and Income Fund | 0.83% | 2,837,709 | $42.0M | Reduce -8.0% |
| CLM Cornerstone Strategic Invest | 0.76% | 4,640,226 | $38.8M | Reduce -22.4% |
| JHS John Hancock Income Sec TR | 0.74% | 3,208,993 | $37.6M | Reduce -2.7% |
| JGH Nuveen Global High Income | 0.72% | 2,903,697 | $36.6M | Add +4079.2% |
| JPM JPMorgan Chase & Co. | 0.71% | 112,155 | $36.1M | Reduce -3.4% |
| JFR Nuveen Floating Rate Income | 0.71% | 4,577,665 | $35.8M | Reduce -14.0% |
| CB Chubb Ltd. | 0.69% | 111,885 | $34.9M | No change |
| ANET Arista Networks Inc. | 0.68% | 265,123 | $34.7M | Reduce -2.9% |
| EMO Clearbridge Energy Midstream | 0.68% | 777,688 | $34.7M | Add +1883.3% |
| JMM Nuveen Multi-Market Income | 0.68% | 5,731,653 | $34.6M | Add +1.7% |
| LLY Eli Lilly & Co. | 0.68% | 32,143 | $34.5M | Reduce -10.4% |
| FTHY First Trust Hi YLD Opp 2027 | 0.67% | 2,419,971 | $34.0M | Add +66.0% |
| RIV Rivernorth Opportunities | 0.64% | 2,771,040 | $32.5M | Add +1374.7% |
| UNH Unitedhealth Group Inc. | 0.62% | 95,875 | $31.6M | Reduce -0.3% |
| GS Goldman Sachs Group Inc. | 0.61% | 35,285 | $31.0M | Reduce -4.9% |
| AVK Advent Convert & Income | 0.60% | 2,437,672 | $30.6M | Reduce -26.8% |
| RA Brookfield Real Assets Incom | 0.57% | 2,215,228 | $28.7M | New |
| ERC Allspring Multi-Sector Inc. | 0.56% | 3,060,969 | $28.5M | Add +20.2% |
| FMY First Trust Mortgage Income | 0.55% | 2,297,106 | $27.9M | Add +1.4% |
| AMAT Applied Materials Inc. | 0.55% | 108,274 | $27.8M | Reduce -6.2% |
| V Visa Inc. Class A | 0.54% | 77,651 | $27.2M | Add +1.4% |
| MGF Aberdeen Govrn MKTS Inc. Fund | 0.52% | 8,788,620 | $26.6M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 0.52% | 84,125 | $26.4M | Reduce -10.9% |
| XAI OCTAGN FLT RAT & ALT INM | 0.52% | 5,467,565 | $26.2M | Add +112.4% |
| WMB Williams Cos Inc. | 0.49% | 417,479 | $25.1M | Add +16.2% |
| XMCRX MFS Charter Income Trust | 0.49% | 3,993,082 | $25.0M | Add +16.2% |
| XNROX Neu Re Est Sec Inc. FD Inc.-US filed as NEUBERGER REAL ESTATE | 0.48% | 7,962,316 | $24.2M | Reduce -11.5% |
| BGB Blackstone Strategic Credit | 0.47% | 2,025,340 | $23.9M | Add +141.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.46% | 152,750 | $23.5M | Reduce -4.5% |
| FSSL FS Specialty Lending Fund | 0.46% | 1,644,564 | $23.3M | New |
| INTU Intuit Inc. | 0.46% | 34,977 | $23.2M | Add +2.8% |
| FPF First TR Interm Dur & Inc. | 0.45% | 1,215,664 | $22.7M | Add +111.6% |
| EHI Western Asset Global High Inc. | 0.43% | 3,430,965 | $22.0M | Reduce -13.3% |
| HD Home Depot Inc. | 0.43% | 63,105 | $21.7M | Add +5.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.41% | 224,675 | $20.7M | Reduce -5.9% |
| FSCO FS Credit Opportunities Corp. | 0.40% | 3,247,090 | $20.5M | Add +6.9% |
| JLS Nuveen Mortgage & Income | 0.39% | 1,090,797 | $19.8M | Reduce -11.2% |
| ACP Abrdn Income Credit Strat | 0.38% | 3,599,494 | $19.5M | Add +8.2% |
| LIN Linde PLC | 0.38% | 45,548 | $19.4M | Add +18.2% |
| ABT Abbott Laboratories | 0.37% | 151,063 | $18.9M | Add +3.9% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.37% | 1,561,556 | $18.6M | Add +330.3% |
| FLC Flaherty & Crumrine TTL RTRN | 0.36% | 1,039,130 | $18.2M | Add +6.9% |
| CRM Salesforce Inc. | 0.36% | 68,561 | $18.2M | Reduce -4.2% |
| TEL Te Connectivity PLC | 0.34% | 76,985 | $17.5M | Reduce -7.6% |
| ISRG Intuitive Surgical Inc. | 0.33% | 29,472 | $16.7M | Reduce -2.8% |
| XMVTX BlackRock Munivest Fund II | 0.33% | 1,537,199 | $16.6M | Add +42.3% |
| MCD McDonald's Corp. | 0.33% | 54,129 | $16.5M | Add +2.2% |
| ACN Accenture PLC Class A | 0.32% | 61,272 | $16.4M | Reduce -12.5% |
| VGI Virtus Global Multi-Sector | 0.32% | 2,057,760 | $16.1M | Add +8.0% |
| HON Honeywell International Inc. | 0.31% | 81,320 | $15.9M | Reduce -4.1% |
| SIEGY Siemens AG-Spons ADR | 0.31% | 112,753 | $15.8M | Add +2.0% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 27,207 | $15.8M | Reduce -2.2% |
| DLY Doubleline Yield Opport | 0.31% | 1,083,165 | $15.7M | New |
| CG The Carlyle Group Inc. | 0.30% | 262,040 | $15.5M | Add +36.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 278,258 | $15.3M | Reduce -10.3% |
| ABBV Abbvie Inc. | 0.30% | 66,296 | $15.1M | Reduce -7.2% |
| ORCL Oracle Corp. | 0.30% | 77,696 | $15.1M | Reduce -16.5% |
| NXG NXG Nextgen Infrastr Inc. | 0.29% | 293,062 | $14.8M | Reduce -47.6% |
| NBXG Neuberger Next Generation Co. | 0.29% | 1,018,961 | $14.7M | Reduce -28.4% |
| PANW Palo Alto Networks Inc. | 0.29% | 79,417 | $14.6M | Add +1.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.28% | 13,490 | $14.4M | Reduce -6.8% |
| MPWR Monolithic Power Systems Inc. | 0.28% | 15,916 | $14.4M | Reduce -1.6% |
| PAI Western Asset Investment Gra | 0.28% | 1,148,642 | $14.3M | New |
| CPZ Calamos LNG/SHRT Eqty & DYN | 0.28% | 978,911 | $14.3M | Reduce -9.4% |
| VBF Invesco Bond Fund | 0.28% | 919,298 | $14.2M | Add +37.1% |
| SYK Stryker Corp. | 0.28% | 40,152 | $14.1M | Add +41.4% |
| PFD Flaherty & Crumrin Pre&inc F | 0.27% | 1,176,356 | $14.0M | Add +8.5% |
| FLS Flowserve Corp. | 0.27% | 199,050 | $13.8M | Reduce -14.8% |
| GAM General American Investors | 0.27% | 232,651 | $13.7M | Reduce -16.3% |
| COP Conocophillips | 0.27% | 144,911 | $13.6M | Reduce -13.2% |
| GLO Clough Global Opportunities | 0.27% | 2,395,751 | $13.6M | Reduce -7.0% |
| SDHY Pgim SHRT Durat Hi YLD | 0.26% | 810,269 | $13.3M | Add +14.6% |
| XGDVX Gabelli Dividend & Income TR | 0.26% | 471,152 | $13.1M | Reduce -24.3% |
| XGLQX Clough Global Equity Fund | 0.26% | 1,694,664 | $13.0M | Reduce -8.6% |
| IGI Western Asst Inv GR Oppor TR | 0.25% | 767,986 | $12.7M | Add +63.2% |
| SRV NXG Cushing Midstream Energy | 0.25% | 323,176 | $12.6M | New |
Portfolio Sells Q3 2025 → Q4 2025
| XEVMX Eaton Vance Cal Muni Bond | Sold out | 0.00% | −0.79 |
| XENWX Eaton Vance New York Municip | Sold out | 0.00% | −0.57 |
| MSFT Microsoft Corp. | Reduce -3.6% | 2.62% | −0.38 |
| MUC BlackRock Munihold Ca QLTY | Reduce -92.6% | 0.03% | −0.35 |
| CRF Cornerstone Total Return | Reduce -12.0% | 1.59% | −0.28 |
| AVK Advent Convert & Income | Reduce -26.8% | 0.60% | −0.26 |
| NXG NXG Nextgen Infrastr Inc. | Reduce -47.6% | 0.29% | −0.26 |
| NVDA Nvidia Corp. | Reduce -4.6% | 3.05% | −0.25 |
| XBOEX BlackRock Enh GLBL DVD TR | Sold out | 0.00% | −0.24 |
| CLM Cornerstone Strategic Invest | Reduce -22.4% | 0.76% | −0.24 |
| ORCL Oracle Corp. | Reduce -16.5% | 0.30% | −0.23 |
| KIO KKR Income Opportunities | Reduce -73.1% | 0.07% | −0.21 |
| MET Metlife Inc. | Sold out | 0.00% | −0.20 |
| PEG Public Service Enterprise GP | Reduce -93.5% | 0.01% | −0.19 |
| JFR Nuveen Floating Rate Income | Reduce -14.0% | 0.71% | −0.18 |
| BHK BlackRock Core Bond Trust | Reduce -1.4% | 2.01% | −0.17 |
| NBXG Neuberger Next Generation Co. | Reduce -28.4% | 0.29% | −0.15 |
| PIM Franklin Master Interm IT-Ui | Reduce -3.2% | 1.49% | −0.15 |
| XSCDX LMP Capital and Income Fund | Reduce -8.0% | 0.83% | −0.14 |
| XBGYX BlackRock Enh Intl DVD TR | Sold out | 0.00% | −0.13 |
| ANET Arista Networks Inc. | Reduce -2.9% | 0.68% | −0.12 |
| DGX Quest Diagnostics Inc. | Reduce -61.0% | 0.06% | −0.12 |
| XTEAX Tortoise Sust&social Imp Ter | Sold out | 0.00% | −0.12 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | Reduce -11.5% | 0.48% | −0.11 |
| BCX BlackRock Resources & Commod | Sold out | 0.00% | −0.11 |
| AVGO Broadcom Inc. | Reduce -5.2% | 3.02% | −0.11 |
| NPFD Nuveen Var RT Pref & Inc. | Reduce -2.3% | 1.01% | −0.11 |
| GGT Gabelli Multimedia Trust Inc. | Sold out | 0.00% | −0.11 |
| NAD Nuveen Quality Municipal Inc. | Reduce -64.2% | 0.06% | −0.10 |
| THC Tenet Healthcare Corp. | Reduce -51.6% | 0.09% | −0.10 |
| EHI Western Asset Global High Inc. | Reduce -13.3% | 0.43% | −0.10 |
| BIT BlackRock Multi-Sector Inc. | Reduce -1.8% | 1.28% | −0.10 |
| XAODX Abrdn Total Dynamic Dividend | Sold out | 0.00% | −0.10 |
| JPC Nuveen Prefered & Income Opp | Sold out | 0.00% | −0.09 |
| NFLX Netflix Inc. | Reduce -4.9% | 0.22% | −0.09 |
| XGDVX Gabelli Dividend & Income TR | Reduce -24.3% | 0.26% | −0.09 |
| GAM General American Investors | Reduce -16.3% | 0.27% | −0.08 |
| XRSFX Rivernorth Capital & Income | Reduce -66.8% | 0.04% | −0.08 |
| JLS Nuveen Mortgage & Income | Reduce -11.2% | 0.39% | −0.08 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -97.7% | 0.00% | −0.08 |
| VZ Verizon Communications Inc. | Reduce -48.6% | 0.06% | −0.07 |
| CPZ Calamos LNG/SHRT Eqty & DYN | Reduce -9.4% | 0.28% | −0.07 |
| PPL PPL Corp. | Reduce -21.3% | 0.18% | −0.07 |
| MUJ BlackRock Munihold NJ QLTY | Reduce -89.0% | 0.01% | −0.07 |
| XCMUX MFS High Yield Municipal TR | Reduce -95.5% | 0.00% | −0.07 |
| FDX FedEx Corp. | Reduce -61.7% | 0.06% | −0.07 |
| LHX L3HARRIS Technologies Inc. | Reduce -44.8% | 0.07% | −0.06 |
| SPOT Spotify Technology SA | Reduce -5.6% | 0.20% | −0.06 |
| NOW ServiceNow Inc. | Reduce -3.2% | 0.22% | −0.06 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| UTF Cohen & Steers Infrastructur | Add +1225.2% | 1.25% | +1.15 |
| JGH Nuveen Global High Income | Add +4079.2% | 0.72% | +0.70 |
| EMO Clearbridge Energy Midstream | Add +1883.3% | 0.68% | +0.65 |
| RIV Rivernorth Opportunities | Add +1374.7% | 0.64% | +0.59 |
| BKT BlackRock Income Trust | Add +117.1% | 1.10% | +0.57 |
| RA Brookfield Real Assets Incom | New | 0.57% | +0.57 |
| FSSL FS Specialty Lending Fund | New | 0.46% | +0.46 |
| DLY Doubleline Yield Opport | New | 0.31% | +0.31 |
| PAI Western Asset Investment Gra | New | 0.28% | +0.28 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Add +330.3% | 0.37% | +0.28 |
| BGB Blackstone Strategic Credit | Add +141.9% | 0.47% | +0.26 |
| SRV NXG Cushing Midstream Energy | New | 0.25% | +0.25 |
| FTHY First Trust Hi YLD Opp 2027 | Add +66.0% | 0.67% | +0.24 |
| XAI OCTAGN FLT RAT & ALT INM | Add +112.4% | 0.52% | +0.24 |
| FPF First TR Interm Dur & Inc. | Add +111.6% | 0.45% | +0.22 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | New | 0.20% | +0.20 |
| AVY Avery Dennison Corp. | Add +6746.8% | 0.15% | +0.15 |
| EVRG Evergy Inc. | New | 0.13% | +0.13 |
| NOC Northrop Grumman Corp. | Add +173.8% | 0.19% | +0.11 |
| BPRE Bluerock Private Real Estate | New | 0.10% | +0.10 |
| XMVTX BlackRock Munivest Fund II | Add +42.3% | 0.33% | +0.09 |
| IGI Western Asst Inv GR Oppor TR | Add +63.2% | 0.25% | +0.09 |
| ARDC Ares Dynamic Credit All | New | 0.08% | +0.08 |
| MS Morgan Stanley | New | 0.07% | +0.07 |
| ERC Allspring Multi-Sector Inc. | Add +20.2% | 0.56% | +0.07 |
| NEE Nextera Energy Inc. | Add +46.0% | 0.19% | +0.06 |
| SYK Stryker Corp. | Add +41.4% | 0.28% | +0.06 |
| XBTAX BlackRock LNG-TRM Muni Adv | Add +102.0% | 0.14% | +0.06 |
| VBF Invesco Bond Fund | Add +37.1% | 0.28% | +0.06 |
| VST Vistra Corp. | New | 0.06% | +0.06 |
| CG The Carlyle Group Inc. | Add +36.2% | 0.30% | +0.06 |
| XEFRX Eaton Vance Sr FLTG Rate TR | New | 0.06% | +0.06 |
| BSL Blackstone SNR Fltng RT | New | 0.06% | +0.06 |
| XMQTX BlackRock Muniyield QLTY II | Add +33.4% | 0.25% | +0.06 |
| DMB BNY Mellon Muni BND Infra | New | 0.05% | +0.05 |
| FCT First Trust SNR FL RT Inc. II | Add +340.6% | 0.07% | +0.05 |
| WDI Western Asset Divers Inc. | New | 0.05% | +0.05 |
| BSX Boston Scientific Corp. | New | 0.05% | +0.05 |
| TSI TCW Strategic Income Fund | Add +8.1% | 0.99% | +0.05 |
| XMCRX MFS Charter Income Trust | Add +16.2% | 0.49% | +0.05 |
| NKE Nike Inc. Class B | Add +64.6% | 0.14% | +0.04 |
| DELL Dell Technologies -C | New | 0.04% | +0.04 |
| GRX Gabelli Healthcare & Well | Add +23.7% | 0.20% | +0.04 |
| NXC Nuveen Ca Sel TX-FR Inc. | Add +453.6% | 0.05% | +0.04 |
| G Genpact Ltd. | Add +17.6% | 0.19% | +0.04 |
| BTZ BlackRock Credit Allocation | Add +8.3% | 1.37% | +0.04 |
| OPP Rivernrth/Doublelne STR Opp | New | 0.04% | +0.04 |
| XBNYX BlackRock New York Muni Inc. | New | 0.03% | +0.03 |
| LEO BNY Mellon Strategic Muni | Add +35.3% | 0.14% | +0.03 |
| HIO Western Asset Hi Inc. Opport | Add +33.2% | 0.16% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | Sold out | 2,288,774 | $135Kbefore exit |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 464,073 | $36Kbefore exit |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | Sold out | 630,131 | $12Kbefore exit |
| RIVERNORTH OPPORTUNI-RT | RIGHT 10/06/2025 | Sold out | 1,072,824 | $9Kbefore 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 |