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SIT INVESTMENT ASSOCIATES INC

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MINNEAPOLIS MN Investment Advisor Activist Investor
13F Summary

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SIT Investment Associates is based out of Minneapolis. SIT Investment Associates is a large advisory firm with 45 clients and discretionary assets under management (AUM) of $3,162,476,861 (Form ADV from 2024-03-28). Their last reported 13F filing for Q4 2024 included $4,406,585,000 in managed 13F securities and a top 10 holdings concentration of 21.11%. SIT Investment Associates's largest holding is Microsoft Corporation with shares held of 303,488. Whalewisdom has at least 99 13F filings, 443 13D filings, 624 13G filings, and 1 Form 4 filings
Business Description
Sit Investment is a privately owned, independent investment advisor located in Minneapolis, Minnesota. Founded in 1981, the firm manages client assets on a discretionary basis, specializing in domestic and international equity securities. Their subsidiary, Sit Fixed Income Advisors II, LLC, is a separately registered investment advisor specializing in fixed income securities. Both entities share resources and are located in the same Minneapolis office. Sit Investment's clients' assets are managed on a team basis, with four investment professionals holding the most significant responsibility for day-to-day discretionary advice. The firm's team management process provides ongoing review and supervision of all investment professionals, ensuring adherence to compliance policies and procedures. Roger Sit, the Chairman, President, CEO, and Global CIO, reports to the Board of Directors.
Investment Strategy
Sit Investment employs a fundamentally based investment process, utilizing a research team of global industry/sector and geographic specialists. This team provides stock recommendations and uses quantitative screens to identify potential candidates for further analysis. The Investment Committee then determines specific sector emphasis and individual holdings, with the entire research team meeting daily to discuss new developments. Formal weekly investment meetings review holdings and discuss relevant investment issues, while monthly management meetings address investment outlook and strategy. Sit Investment's equity investment philosophy targets growth-oriented companies with the potential to increase earnings faster than the representative economy and market index. They seek companies with high earnings per share and revenue growth, purchased at reasonable valuations. The firm believes that earnings growth is the primary determinant of superior long-term returns and invests in both high and consistent growth companies as well as conservative and cyclical growth companies. Their portfolio includes common stock, preferred stock, warrants, rights and debt securities convertible into common stock, sponsored and unsponsored ADRs and GDRs, publicly traded securities issued by investment funds, asset-backed securities, corporate debt securities, and short-term debt obligations.
Owners
  • SIT, ROGER, J - PRESIDENT, CEO & GLOBAL CIO, DIRECTOR, TRUSTEE
  • RASMUSSEN, PAUL, EDWARD - VICE PRESIDENT, CHIEF COMPLIANCE OFFICER
  • GAIL V. SIT FAMILY TRUST - SHAREHOLDER
  • SIT, GAIL, V. - SHAREHOLDER
  • SIT, RONALD, D. - VICE PRESIDENT, DIRECTOR, TRUSTEE
  • SIT, ROBERT, W - VICE PRESIDENT
  • Sit, Raymond, Eugene - VICE PRESIDENT
  • Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2024-12-31

Top Buys (13F)

2024-12-31

Top Sells (13F)

2024-12-31

13F Holdings Summary

Name $ Change
MSFT Microsoft Corporatio 2.9%
AAPL Apple Inc 2.86%
NVDA NVIDIA Corp 2.73%
AVGO Broadcom Inc 2.68%
KTF DWS MUNICIPAL INCOME 1.93%

2024-12-31

13F Activity

Market Value $4.41b, Prior: $4.48b
Inflows (Outflows) as % of Total MV (-0.4194)%
New Purchases 20 stocks
Added To 141 stocks
Sold out of 30 stocks
Reduced holdings in 175 stocks
Top 10 Holdings % 21.11%
Turnover %[1] 8.93%
Turnover Alt %[2] 10.67%
Time Held Top 20 15.65 quarters
Time Held Top 10 14.5 quarters
Time Held All 25.19 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31

13F Sector Allocation Over Time

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2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance