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SIT INVESTMENT ASSOCIATES INC — 13F Holdings & Portfolio

CIK 769317 · latest 13F-HR filed 2026-08-12

Backtest portfolio

SIT INVESTMENT ASSOCIATES INC manages $5.28B in 13F-reported U.S. long-equity assets across 521 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (3.10%), AVGO (2.97%), FINS (2.66%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 54 new positions and exited 34; 232 existing positions rose in reported value and 128 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$5.28B

Long-equity book

Holdings
521

Distinct positions

Period
2026-06-30

Filed 2026-08-12

Q/Q Activity
+54 / −34 / ↑232 / ↓128

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NVDA3.1% · -0%AVGO3.0% · -6%FINS2.7% · +1%AAPL2.5% · -4%BBN2.4% · +6%BHK2.1% · +10%MSFT1.9% · -1%GOOGL1.9% · +1%PPT1.9% · +2%TSI1.8% · +10%KTF1.7% · -1%AMAT1.7% · -3%MIN1.6% · +10%EVV1.4% · +2%PIM1.4% · -0%BTZ1.4% · +1%NBB1.1% · +0%BKT1.1% · +10%AMZN1.1% · -4%JRI1.1% · -1%BIT1.0% · -7%NPFD0.9% · -1%DBL0.9% · +1%FTHY0.8% · +17%ANET0.8% · -0%SCD0.8% · -5%BGB0.8% · +32%META0.8% · -3%RA0.7% · +7%LLY0.7% · -4%CB0.7% · 0%HYT0.7% · -16%JHS0.7% · +5%UNH0.7% · -16%JPM0.7% · -3%NHS0.7% · +857%JGH0.7% · -6%JMM0.6% · +2%DHY0.6% · +12475%GS0.6% · -5%MMT0.6% · +780%PANW0.6% · 0%JFR0.6% · -12%MGF0.6% · +17%GOOG0.6% · -0%ERC0.6% · +11%FSSL0.6% · +8%RIV0.5% · -0%ASML0.5% · 0%FMY0.5% · -0%WMB0.5% · -8%V0.5% · -2%CRF0.5% · -39%NMZ0.5% · newTJX0.4% · -2%FPF0.4% · +0%HD0.4% · -2%FSCO0.4% · +11%FLC0.4% · +8%MPWR0.4% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 23.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 22, 2026.

Assets Under Management
$3.54B
Discretionary
$3.54B
Employees
73
Accounts
80
Address
3300 IDS CENTER
80 SOUTH EIGHTH STREET
MINNEAPOLIS, MN 55402
Phone
(612) 332-3223
Website
Name Title / Status Ownership Type
GAIL V. SIT FAMILY TRUST ControlSHAREHOLDER
since Dec 2009
25–50%Domestic Entity
Kaplan, Samuel, Louis ControlTRUSTEE
since Aug 2019
Less than 5%Individual
SIT, GAIL, V. ControlSHAREHOLDER
since Jun 2008
25–50%Individual
SIT, ROBERT, W ControlVICE PRESIDENT
since Dec 2010
10–25%Individual
SIT, ROGER, J ControlPRESIDENT, CEO & GLOBAL CIO, DIRECTOR, TRUSTEE
since Feb 2008
50–75%Individual
SIT, RONALD, D. ControlDIRECTOR & TRUSTEE
since Dec 2009
50–75%Individual
Sit, Raymond, Eugene ControlVICE PRESIDENT, DIRECTOR
since Mar 2025
5–10%Individual
RASMUSSEN, PAUL, EDWARDVICE PRESIDENT, CHIEF COMPLIANCE OFFICER
since Dec 1998
Less than 5%Individual
Ownership & leadership changes · 10 filings with changes since Mar 27, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jun 22, 2026 filing
  • AddedKaplan, Samuel, Louis · TRUSTEE · Less than 5% · control person
May 1, 2025 filing
  • ChangedSIT, RONALD, D. · title VICE PRESIDENT, DIRECTOR, TRUSTEE → DIRECTOR & TRUSTEE
Mar 19, 2025 filing
  • ChangedSit, Raymond, Eugene · title VICE PRESIDENT → VICE PRESIDENT, DIRECTOR; now a control person
Mar 29, 2023 filing
  • ChangedSIT, ROBERT, W · ownership 5–10% → 10–25%
Dec 21, 2018 filing
  • No longer listedBRILLEY, MICHAEL · SENIOR VICE PRESIDENT · Less than 5% · control person · listed since Apr 1984
Aug 16, 2018 filing
  • No longer listedSTRANGIS, RALPH, L. · DIRECTOR, TRUSTEE · 25–50% · listed since Aug 2005
Mar 29, 2016 filing
  • AddedSit, Raymond, Eugene · VICE PRESIDENT · 5–10%
Dec 11, 2015 filing
  • No longer listedADLER, FREDERICK, RICHARD · DIRECTOR · Less than 5% · listed since Jul 1981
  • ChangedSIT, RONALD, D. · title VICE PRESIDENT, TRUSTEE → VICE PRESIDENT, DIRECTOR, TRUSTEE
Jun 30, 2015 filing
  • No longer listedSIT, DEBRA, ANN · VICE PRESIDENT, DIRECTOR, TRUSTEE · 50–75% · control person · listed since Dec 2009
Dec 11, 2014 filing
  • No longer listedFRENZEL, WILLIAM, ELDRIDGE · DIRECTOR · Less than 5% · listed since Jul 2003
Older changes (1 more filing)
Mar 27, 2012 filing (earliest on record)
  • ListedADLER, FREDERICK, RICHARD · DIRECTOR · Less than 5%
  • ListedBRILLEY, MICHAEL · SENIOR VICE PRESIDENT · Less than 5% · control person
  • ListedFRENZEL, WILLIAM, ELDRIDGE · DIRECTOR · Less than 5%
  • ListedGAIL V. SIT FAMILY TRUST · SHAREHOLDER · 25–50% · control person
  • ListedRASMUSSEN, PAUL, EDWARD · VICE PRESIDENT, CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedSIT, DEBRA, ANN · VICE PRESIDENT, DIRECTOR, TRUSTEE · 50–75% · control person
  • ListedSIT, GAIL, V. · SHAREHOLDER · 25–50% · control person
  • ListedSIT, ROBERT, W · VICE PRESIDENT · 5–10% · control person
  • ListedSIT, ROGER, J · PRESIDENT, CEO & GLOBAL CIO, DIRECTOR, TRUSTEE · 50–75% · control person
  • ListedSIT, RONALD, D. · VICE PRESIDENT, TRUSTEE · 50–75% · control person
  • ListedSTRANGIS, RALPH, L. · DIRECTOR, TRUSTEE · 25–50%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

SIT INVESTMENT ASSOCIATES INC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORP NVDA 67066G104 $164.0M 3.10% 819,830 SH
2 BROADCOM INC AVGO 11135F101 $157.1M 2.97% 415,970 SH
3 ANGEL OAK FINANCIAL STRAT INC FINS 03464A100 $140.3M 2.66% 10,962,663 SH
4 APPLE INC AAPL 037833100 $129.7M 2.45% 448,073 SH
5 BLACKROCK TAXABLE MUNI BOND TR BBN 09248X100 $127.6M 2.41% 7,890,277 SH
6 BLACKROCK CORE BOND TRUST BHK BHK 09249E101 $109.5M 2.07% 11,940,867 SH
7 MICROSOFT CORP MSFT 594918104 $102.9M 1.95% 275,845 SH
8 ALPHABET INC - CL A GOOGL 02079K305 $102.7M 1.94% 287,445 SH
9 PUTNAM PREMIER INCOME TRUST PP PPT 746853100 $99.9M 1.89% 28,618,942 SH
10 TCW STRATEGIC INCOME FD TSI TSI 872340104 $93.6M 1.77% 20,744,061 SH
11 DWS MUNICIPAL INCOME TRUST KTF KTF 233368109 $90.0M 1.70% 9,781,996 SH
12 APPLIED MATERIALS INC AMAT 038222105 $87.9M 1.66% 121,592 SH
13 ABERDEEN INTERMEDIATE INC FD M MIN 55273C107 $82.5M 1.56% 33,381,994 SH
14 EATON VANCE LIMITED DURATION I EVV 27828H105 $75.0M 1.42% 8,006,717 SH
15 PUTNAM MASTER INTERMEDIATE INC PIM 746909100 $73.3M 1.39% 22,681,925 SH
16 BLACKROCK CREDIT ALLOCATION IN BTZ 092508100 $71.4M 1.35% 6,991,115 SH
17 NUVEEN BUILD AMERICA BOND FD N NBB 67074C103 $60.1M 1.14% 3,809,746 SH
18 BLACKROCK INCOME TR INC BKT BKT 09247F209 $58.1M 1.10% 5,419,312 SH
19 AMAZON.COM INC AMZN 023135106 $56.2M 1.06% 235,687 SH
20 NUVEEN REAL ASSET INC & GRW JR JRI 67074Y105 $56.0M 1.06% 4,317,631 SH
21 BLACKROCK MULTI SECTOR INC TR BIT 09258A107 $54.3M 1.03% 4,333,909 SH
22 NUVEEN VAR RT PREF & INC NPFD NPFD 67080R102 $45.3M 0.86% 2,408,758 SH
23 DOUBLELINE OPP CREDIT FD DBL DBL 258623107 $44.9M 0.85% 3,125,689 SH
24 FIRST TR HIGH YIELD OPP 2027 F FTHY 33741Q107 $44.6M 0.84% 3,252,705 SH
25 ARISTA NETWORKS INC ANET 040413205 $42.3M 0.80% 248,956 SH
26 LMP CAPITAL & INCOME FD INC SC SCD 50208A102 $41.3M 0.78% 2,635,988 SH
27 BLACKSTONE STRAT CR 2027 TERM BGB 09257R101 $41.1M 0.78% 3,635,425 SH
28 META PLATFORMS INC CLASS A META 30303M102 $40.0M 0.76% 70,989 SH
29 BROOKFIELD REAL ASSETS INC FD RA 112830104 $39.4M 0.75% 3,062,517 SH
30 ELI LILLY & CO LLY 532457108 $39.4M 0.75% 32,822 SH
31 CHUBB LTD CB H1467J104 $38.1M 0.72% 111,885 SH
32 BLACKROCK CORP HIGH YIELD FD H HYT 09255P107 $37.6M 0.71% 4,388,421 SH
33 JOHN HANCOCK INCOME SECURITIES JHS 410123103 $37.0M 0.70% 3,356,948 SH
34 UNITEDHEALTH GROUP INC UNH 91324P102 $36.0M 0.68% 86,669 SH
35 JPMORGAN CHASE & CO JPM 46625H100 $35.5M 0.67% 108,572 SH
36 NEUBERGER BERMAN HI YLD STRATE NHS 64128C106 $35.0M 0.66% 5,605,481 SH
37 NUVEEN GLOBAL HIGH INCOME FD J JGH 67075G103 $34.7M 0.66% 2,729,458 SH
38 NUVEEN MULTI-MARKET INC FD JMM JMM 67075J107 $34.1M 0.64% 5,814,677 SH
39 CREDIT SUISSE HIGH YIELD CREDI DHY 22544F103 $33.9M 0.64% 19,046,313 SH
40 GOLDMAN SACHS GROUP INC/THE GS 38141G104 $31.8M 0.60% 31,440 SH
41 MFS MULTIMARKET INCOME TRUST M MMT 552737108 $31.6M 0.60% 7,175,980 SH
42 PALO ALTO NETWORKS INC PANW 697435105 $31.3M 0.59% 91,842 SH
43 NUVEEN FLOATING RATE INC FD JF JFR 67072T108 $31.3M 0.59% 4,082,097 SH
44 ABERDEEN GOVT MARKETS INCOME F MGF 552939100 $30.7M 0.58% 10,688,042 SH
45 ALPHABET INC - CL C GOOG 02079K107 $29.5M 0.56% 83,425 SH
46 ALLSPRING MULTI-SECTOR INC FD ERC 94987D101 $29.4M 0.56% 3,197,573 SH
47 FS SPECIALTY LENDING FUND FSSL FSSL 644323107 $29.1M 0.55% 2,608,084 SH
48 RIVERNORTH OPPRTUNITIES FD RIV RIV 76881Y109 $29.0M 0.55% 2,488,022 SH
49 ASML HOLDING NV ASML N07059210 $26.8M 0.51% 13,488 SH
50 FIRST TR MORTGAGE INCOME FD FM FMY 33734E103 $26.8M 0.51% 2,281,594 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $5.28B 521 0000897101-26-000352
2026-03-31 2026-05-13 $4.93B 501 0000897101-26-000165
2025-12-31 2026-02-25 $81.5M 6 0000897101-26-000074
2025-12-31 2026-02-12 $5.00B 506 0000897101-26-000038
Filer Information
Address
3300 IDS CENTER
80 SOUTH EIGHTH STREET
MINNEAPOLIS, MN 55402
Phone
(612) 332-3223
Filing Manager
SIT INVESTMENT ASSOCIATES INC
Minneapolis, MN
Signatory
Paul E. Rasmussen
Vice President