Sit Investment Associates Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Sit Investment Associates Inc. reported 498 stock positions worth $4.9 billion. Its top holding was Nvidia (NVDA) at 2.9% of the portfolio, followed by Angel Oak Financ Strat (FINS, 2.8%) and Broadcom (AVGO, 2.8%). Compared with Q4 2025, it opened 24 new positions, sold out of 38, added to 164 and reduced 124. The biggest buy was a new position in Nuveen Real Asset Inc. & GRW (JRI) and the biggest sale Cornerstone Total Return (CRF, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0000769317
- Portfolio Value
- $4.9B (Q1 2026)
- SEC Filing
- 0000897101-26-000165 ↗ filed May 13, 2026
Holdings Value
Holdings 498 stocks · $4.9B
| NVDA Nvidia Corp. | 2.92% | 824,057 | $143.7M | Reduce -0.8% |
| FINS Angel Oak Financ Strat Inc. | 2.81% | 10,873,638 | $138.6M | Add +5.7% |
| AVGO Broadcom Inc. | 2.78% | 442,884 | $137.1M | Add +0.0% |
| BBN BlackRock Taxable Muni BND | 2.45% | 7,463,822 | $120.7M | Add +11.5% |
| AAPL Apple Inc. | 2.41% | 466,955 | $118.5M | Add +1.7% |
| MSFT Microsoft Corp. | 2.10% | 278,951 | $103.3M | Add +1.5% |
| PPT Franklin Premir Inc. Trust-Ui | 2.03% | 28,179,805 | $100.0M | Reduce -0.4% |
| BHK BlackRock Core Bond Trust | 2.02% | 10,859,206 | $99.5M | Add +2.1% |
| KTF DWS Municipal Income Trust | 1.83% | 9,893,384 | $90.0M | Add +0.1% |
| TSI TCW Strategic Income Fund | 1.73% | 18,951,319 | $85.1M | Add +85.6% |
| GOOGL Alphabet Inc. Class A | 1.67% | 285,292 | $82.0M | Reduce -1.0% |
| MIN Aberdeen Intermediate Inc. FD | 1.55% | 30,450,876 | $76.4M | Add +4.4% |
| XEVVX Eaton Vance Ltd. Durat Inc. | 1.51% | 7,869,208 | $74.4M | Add +21.8% |
| PIM Franklin Master Interm IT-Ui filed as PUTNAM MASTER INTER INCOME T | 1.51% | 22,711,260 | $74.3M | Reduce -0.1% |
| BTZ BlackRock Credit Allocation | 1.42% | 6,941,861 | $70.1M | Add +8.0% |
| NBB Nuveen Taxable Municipal Inc. | 1.21% | 3,793,715 | $59.4M | Reduce -1.0% |
| BIT BlackRock Multi-Sector Inc. | 1.19% | 4,681,047 | $58.6M | Reduce -5.7% |
| JRI Nuveen Real Asset Inc. & GRW | 1.09% | 4,366,526 | $53.7M | New |
| BKT BlackRock Income Trust | 1.06% | 4,920,132 | $52.0M | Reduce -2.6% |
| AMZN Amazon.com Inc. | 1.03% | 244,779 | $51.0M | Add +1.9% |
| DBL Doubleline Opport Credit | 0.92% | 3,104,408 | $45.3M | Reduce -10.5% |
| HYT BlackRock Corp. Hi YLD | 0.90% | 5,227,321 | $44.5M | Add +1392.9% |
| NPFD Nuveen Var RT Pref & Inc. | 0.89% | 2,425,184 | $44.0M | Reduce -9.8% |
| AMAT Applied Materials Inc. | 0.87% | 124,857 | $42.7M | Add +15.3% |
| META Meta Platforms Inc. Class A | 0.85% | 73,090 | $41.8M | Add +1.2% |
| XSCDX LMP Capital and Income Fund | 0.84% | 2,779,833 | $41.5M | Reduce -2.0% |
| CRF Cornerstone Total Return | 0.81% | 5,751,900 | $40.0M | Reduce -43.0% |
| FTHY First Trust Hi YLD Opp 2027 | 0.76% | 2,782,412 | $37.6M | Add +15.0% |
| RA Brookfield Real Assets Incom | 0.75% | 2,855,236 | $36.7M | Add +28.9% |
| CB Chubb Ltd. | 0.74% | 111,885 | $36.5M | No change |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.73% | 3,017,202 | $36.0M | Add +93.2% |
| JGH Nuveen Global High Income | 0.72% | 2,908,822 | $35.5M | Add +0.2% |
| JHS John Hancock Income Sec TR | 0.71% | 3,193,796 | $34.9M | Reduce -0.5% |
| JFR Nuveen Floating Rate Income | 0.71% | 4,639,416 | $34.9M | Add +1.4% |
| JMM Nuveen Multi-Market Income | 0.68% | 5,694,517 | $33.5M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 0.67% | 111,901 | $32.9M | Reduce -0.2% |
| UTF Cohen & Steers Infrastructur | 0.65% | 1,231,248 | $31.9M | Reduce -53.4% |
| LLY Eli Lilly & Co. | 0.64% | 34,293 | $31.5M | Add +6.7% |
| BGB Blackstone Strategic Credit | 0.62% | 2,753,133 | $30.7M | Add +35.9% |
| ANET Arista Networks Inc. | 0.62% | 249,673 | $30.7M | Reduce -5.8% |
| FSSL FS Specialty Lending Fund | 0.61% | 2,409,441 | $30.1M | Add +46.5% |
| MYI BlackRock Muniyield QLTY III | 0.58% | 2,700,296 | $28.4M | Add +1219.2% |
| WMB Williams Cos Inc. | 0.58% | 389,469 | $28.3M | Reduce -6.7% |
| EMO Clearbridge Energy Midstream | 0.57% | 534,295 | $28.2M | Reduce -31.3% |
| UNH Unitedhealth Group Inc. | 0.57% | 103,156 | $27.9M | Add +7.6% |
| GS Goldman Sachs Group Inc. | 0.57% | 32,987 | $27.9M | Reduce -6.5% |
| RIV Rivernorth Opportunities | 0.56% | 2,498,022 | $27.7M | Reduce -9.8% |
| FMY First Trust Mortgage Income | 0.55% | 2,283,135 | $26.9M | Reduce -0.6% |
| MGF Aberdeen Govrn MKTS Inc. Fund | 0.54% | 9,130,038 | $26.8M | Add +3.9% |
| ERC Allspring Multi-Sector Inc. | 0.52% | 2,870,006 | $25.9M | Reduce -6.2% |
| XMCRX MFS Charter Income Trust | 0.50% | 4,097,943 | $24.8M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 0.49% | 83,825 | $24.0M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.49% | 149,724 | $23.9M | Reduce -2.0% |
| AVK Advent Convert & Income | 0.48% | 2,133,776 | $23.8M | Reduce -12.5% |
| V Visa Inc. Class A | 0.48% | 78,346 | $23.7M | Add +0.9% |
| FPF First TR Interm Dur & Inc. | 0.43% | 1,213,727 | $21.4M | Reduce -0.2% |
| HD Home Depot Inc. | 0.42% | 62,776 | $20.6M | Reduce -0.5% |
| LIN Linde PLC | 0.41% | 40,412 | $20.0M | Reduce -11.3% |
| FSCO FS Credit Opportunities Corp. | 0.40% | 3,883,721 | $19.8M | Add +19.6% |
| AZN Astrazeneca PLC | 0.40% | 99,814 | $19.7M | Reduce -11.2% |
| FLC Flaherty & Crumrine TTL RTRN | 0.40% | 1,179,220 | $19.6M | Add +13.5% |
| HON Honeywell International Inc. | 0.37% | 81,194 | $18.4M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.36% | 173,866 | $17.9M | Add +15.1% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.36% | 13,488 | $17.8M | Reduce -0.0% |
| EHI Western Asset Global High Inc. | 0.36% | 2,991,187 | $17.6M | Reduce -12.8% |
| INTU Intuit Inc. | 0.36% | 40,567 | $17.5M | Add +16.0% |
| JLS Nuveen Mortgage & Income | 0.35% | 960,255 | $17.4M | Reduce -12.0% |
| GLO Clough Global Opportunities | 0.35% | 3,112,158 | $17.3M | Add +29.9% |
| XGDVX Gabelli Dividend & Income TR | 0.35% | 638,803 | $17.2M | Add +35.6% |
| MCD McDonald's Corp. | 0.35% | 54,754 | $17.0M | Add +1.1% |
| MPWR Monolithic Power Systems Inc. | 0.34% | 15,491 | $16.9M | Reduce -2.7% |
| CIEN Ciena Corp. | 0.34% | 42,775 | $16.6M | Reduce -8.6% |
| ACP Abrdn Income Credit Strat | 0.33% | 3,154,332 | $16.1M | Reduce -12.4% |
| VBF Invesco Bond Fund | 0.33% | 1,069,082 | $16.0M | Add +16.3% |
| XGLQX Clough Global Equity Fund | 0.32% | 2,104,530 | $15.8M | Add +24.2% |
| PFD Flaherty & Crumrin Pre&inc F | 0.30% | 1,320,217 | $14.8M | Add +12.2% |
| PANW Palo Alto Networks Inc. | 0.30% | 91,842 | $14.7M | Add +15.7% |
| GAM General American Investors | 0.30% | 248,659 | $14.5M | Add +6.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 295,873 | $14.4M | Add +6.3% |
| DLY Doubleline Yield Opport | 0.29% | 1,024,038 | $14.3M | Reduce -5.5% |
| ISRG Intuitive Surgical Inc. | 0.29% | 30,745 | $14.2M | Add +4.3% |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | 0.29% | 4,975,986 | $14.1M | Reduce -37.5% |
| VGI Virtus Global Multi-Sector | 0.29% | 1,911,304 | $14.1M | Reduce -7.1% |
| SDHY Pgim SHRT Durat Hi YLD | 0.29% | 879,353 | $14.1M | Add +8.5% |
| LNG Cheniere Energy Inc. | 0.29% | 49,581 | $14.1M | Reduce -18.6% |
| PAI Western Asset Investment Gra | 0.28% | 1,154,680 | $14.0M | Add +0.5% |
| IGI Western Asst Inv GR Oppor TR | 0.28% | 855,799 | $13.8M | Add +11.4% |
| TEL Te Connectivity PLC | 0.28% | 65,774 | $13.7M | Reduce -14.6% |
| PFO Flaherty & Crumrine P&I Opp | 0.28% | 1,520,306 | $13.7M | Add +14.4% |
| SIEGY Siemens AG-Spons ADR | 0.28% | 112,313 | $13.7M | Reduce -0.4% |
| FLS Flowserve Corp. | 0.28% | 184,275 | $13.5M | Reduce -7.4% |
| AGX Argan Inc. | 0.27% | 24,840 | $13.5M | Reduce -23.4% |
| VRT Vertiv Holdings Co. Class A | 0.27% | 53,385 | $13.4M | Add +0.7% |
| AMP Ameriprise Financial Inc. | 0.27% | 30,005 | $13.3M | Add +41.6% |
| CPZ Calamos LNG/SHRT Eqty & DYN | 0.27% | 978,911 | $13.3M | No change |
| NFLX Netflix Inc. | 0.27% | 137,305 | $13.2M | Add +13.0% |
| SYK Stryker Corp. | 0.26% | 39,157 | $12.9M | Reduce -2.5% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.26% | 2,109,800 | $12.7M | Add +13.3% |
| XOM Exxon Mobil Corp. | 0.26% | 74,405 | $12.6M | Add +46.8% |
| ACN Accenture PLC Class A | 0.25% | 62,580 | $12.4M | Add +2.1% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $6K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | 500,462 | $4K | New |
| NEUBERGER HIGH YIELD-RT | RIGHT 04/15/2026 | 280,274 | $2K | New |
| BLACKROCK UTILITIES INFR- RT | RIGHT 04/02/2026 | 800 | $0 | New |
Total filed on the 13F, all lines: $4.9B.
Portfolio Sells Q4 2025 → Q1 2026
| CRF Cornerstone Total Return | Reduce -43.0% | 0.81% | −0.78 |
| CLM Cornerstone Strategic Invest | Reduce -96.6% | 0.02% | −0.74 |
| UTF Cohen & Steers Infrastructur | Reduce -53.4% | 0.65% | −0.61 |
| XMVTX BlackRock Munivest Fund II | Sold out | 0.00% | −0.33 |
| XFLT Xai Fltng Rte&alt Inc. TRS-Ui | Reduce -39.4% | 0.23% | −0.29 |
| NXG NXG Nextgen Infrastr Inc. | Reduce -93.2% | 0.02% | −0.27 |
| SRV NXG Cushing Midstream Energy | Sold out | 0.00% | −0.25 |
| NBXG Neuberger Next Generation Co. | Reduce -77.3% | 0.06% | −0.23 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Sold out | 0.00% | −0.20 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | Reduce -37.5% | 0.29% | −0.19 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.19 |
| XMVFX BlackRock Munivest Fund | Sold out | 0.00% | −0.18 |
| ORCL Oracle Corp. | Reduce -35.6% | 0.15% | −0.15 |
| CRM Salesforce Inc. | Reduce -17.6% | 0.21% | −0.14 |
| XBTAX BlackRock LNG-TRM Muni Adv | Sold out | 0.00% | −0.14 |
| NVDA Nvidia Corp. | Reduce -0.8% | 2.92% | −0.13 |
| DBL Doubleline Opport Credit | Reduce -10.5% | 0.92% | −0.12 |
| AVK Advent Convert & Income | Reduce -12.5% | 0.48% | −0.12 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.12 |
| NPFD Nuveen Var RT Pref & Inc. | Reduce -9.8% | 0.89% | −0.11 |
| EMO Clearbridge Energy Midstream | Reduce -31.3% | 0.57% | −0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 1.67% | −0.11 |
| TYG Tortoise Energy Infrastruct | Sold out | 0.00% | −0.11 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.11 |
| ABBV Abbvie Inc. | Reduce -31.8% | 0.20% | −0.10 |
| FITB Fifth Third Bancorp | Reduce -66.2% | 0.05% | −0.10 |
| XMYDX BlackRock Muniyield Fund | Sold out | 0.00% | −0.10 |
| PSA Public Storage | Reduce -88.7% | 0.01% | −0.09 |
| MUE BlackRock Munihold QLT FD II | Sold out | 0.00% | −0.09 |
| BIT BlackRock Multi-Sector Inc. | Reduce -5.7% | 1.19% | −0.09 |
| COP Conocophillips | Reduce -52.0% | 0.19% | −0.08 |
| RIV Rivernorth Opportunities | Reduce -9.8% | 0.56% | −0.08 |
| IHD Voya Emrg MRKT Hi DVD Eqty | Sold out | 0.00% | −0.08 |
| EHI Western Asset Global High Inc. | Reduce -12.8% | 0.36% | −0.07 |
| DTE DTE Energy Company | Reduce -92.7% | 0.01% | −0.07 |
| CG The Carlyle Group Inc. | Reduce -8.7% | 0.23% | −0.07 |
| NI Nisource Inc. | Reduce -48.4% | 0.10% | −0.07 |
| BLE BlackRock Muni Inc. TR II | Sold out | 0.00% | −0.07 |
| TEL Te Connectivity PLC | Reduce -14.6% | 0.28% | −0.07 |
| ANET Arista Networks Inc. | Reduce -5.8% | 0.62% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.2% | 0.25% | −0.06 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.06 |
| ACP Abrdn Income Credit Strat | Reduce -12.4% | 0.33% | −0.06 |
| XYL Xylem Inc. | Reduce -20.5% | 0.14% | −0.05 |
| FCT First Trust SNR FL RT Inc. II | Reduce -75.4% | 0.02% | −0.05 |
| NXC Nuveen Ca Sel TX-FR Inc. | Sold out | 0.00% | −0.05 |
| KIO KKR Income Opportunities | Reduce -72.1% | 0.02% | −0.05 |
| GS Goldman Sachs Group Inc. | Reduce -6.5% | 0.57% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 0.67% | −0.04 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| JRI Nuveen Real Asset Inc. & GRW | New | 1.09% | +1.09 |
| HYT BlackRock Corp. Hi YLD | Add +1392.9% | 0.90% | +0.84 |
| TSI TCW Strategic Income Fund | Add +85.6% | 1.73% | +0.73 |
| MYI BlackRock Muniyield QLTY III | Add +1219.2% | 0.58% | +0.53 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Add +93.2% | 0.73% | +0.37 |
| AMAT Applied Materials Inc. | Add +15.3% | 0.87% | +0.32 |
| BBN BlackRock Taxable Muni BND | Add +11.5% | 2.45% | +0.30 |
| XEVVX Eaton Vance Ltd. Durat Inc. | Add +21.8% | 1.51% | +0.25 |
| MRK Merck & Co. Inc. | Add +5168.1% | 0.20% | +0.20 |
| RA Brookfield Real Assets Incom | Add +28.9% | 0.75% | +0.18 |
| MHD BlackRock Muniholdings Fund | Add +220.8% | 0.24% | +0.17 |
| FSSL FS Specialty Lending Fund | Add +46.5% | 0.61% | +0.15 |
| BGB Blackstone Strategic Credit | Add +35.9% | 0.62% | +0.15 |
| FINS Angel Oak Financ Strat Inc. | Add +5.7% | 2.81% | +0.14 |
| XOM Exxon Mobil Corp. | Add +46.8% | 0.26% | +0.14 |
| AJG Arthur J Gallagher & Co. | Add +148.5% | 0.25% | +0.13 |
| EQH Equitable Holdings Inc. | Add +6914.3% | 0.13% | +0.13 |
| NFJ Virtus DVD Intrst & PRM STR | New | 0.12% | +0.12 |
| A Agilent Technologies Inc. | Add +320.8% | 0.15% | +0.11 |
| LEO BNY Mellon Strategic Muni | Add +73.8% | 0.24% | +0.11 |
| VRT Vertiv Holdings Co. Class A | Add +0.7% | 0.27% | +0.10 |
| ADI Analog Devices Inc. | Add +651.3% | 0.11% | +0.09 |
| FTHY First Trust Hi YLD Opp 2027 | Add +15.0% | 0.76% | +0.09 |
| XGDVX Gabelli Dividend & Income TR | Add +35.6% | 0.35% | +0.09 |
| BSL Blackstone SNR Fltng RT | Add +161.0% | 0.15% | +0.09 |
| PNFP Pinnacle Financial Partners | New | 0.09% | +0.09 |
| GLO Clough Global Opportunities | Add +29.9% | 0.35% | +0.09 |
| MUA BlackRock Muniassets Fund | New | 0.08% | +0.08 |
| DMB BNY Mellon Muni BND Infra | Add +154.7% | 0.14% | +0.08 |
| MS Morgan Stanley | Add +117.7% | 0.15% | +0.08 |
| IDA Idacorp Inc. | Add +248.9% | 0.09% | +0.07 |
| AXON Axon Enterprise Inc. | Add +122.6% | 0.16% | +0.07 |
| AMP Ameriprise Financial Inc. | Add +41.6% | 0.27% | +0.07 |
| XGLQX Clough Global Equity Fund | Add +24.2% | 0.32% | +0.07 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +44.1% | 0.23% | +0.06 |
| HLNE Hamilton Lane Inc. Class A | New | 0.06% | +0.06 |
| KTF DWS Municipal Income Trust | Add +0.1% | 1.83% | +0.06 |
| BUI Blckrck Util Infra & PWR Opp | New | 0.06% | +0.06 |
| O Realty Income Corp. | Add +65.5% | 0.12% | +0.06 |
| DHF BNYM High Yield Strategies | Add +29.7% | 0.23% | +0.05 |
| DFP Flaherty & Crumrine DYN Pref | Add +30.6% | 0.24% | +0.05 |
| MIN Aberdeen Intermediate Inc. FD | Add +4.4% | 1.55% | +0.05 |
| BTZ BlackRock Credit Allocation | Add +8.0% | 1.42% | +0.05 |
| GLNG Golar LNG Ltd. | Add +37.3% | 0.09% | +0.05 |
| VBF Invesco Bond Fund | Add +16.3% | 0.33% | +0.05 |
| OPP Rivernrth/Doublelne STR Opp | Add +122.4% | 0.08% | +0.05 |
| DDOG Datadog Inc. Class A | Add +71.2% | 0.13% | +0.04 |
| AFB Allianceberstein NTL Muni | Add +40.7% | 0.15% | +0.04 |
| HIO Western Asset Hi Inc. Opport | Add +25.8% | 0.21% | +0.04 |
| NFLX Netflix Inc. | Add +13.0% | 0.27% | +0.04 |
Notes & Other Activity Q4 2025 → Q1 2026
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | New | 500,462 | $4K |
| NEUBERGER HIGH YIELD-RT | RIGHT 04/15/2026 | New | 280,274 | $2K |
| BLACKROCK UTILITIES INFR- RT | RIGHT 04/02/2026 | New | 800 | $0 |
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 |