SIT Investment Associates portfolio

What changed this quarter

338 positions with a change (47 new, 134 added to, 136 trimmed, 21 sold); also, 8 exited through an acquisition or merger, 3 entered through a spin-off. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Credit Suisse High Yield CRE+12,475%more sharesIncreased
  under 0.1% → 0.6%
• Neuberger High Yield St Fund I+1,736%more sharesIncreased
  under 0.1% → 0.7%
• Aberdeen Multi-market Income+780%more sharesIncreased
  0.1% → 0.6%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA3.1%
• BroadcomAVGO3.0%
• Angel OAK Financial Strategies InFINS2.7%
• AlphabetGOOGL · GOOG2.5%
• AppleAAPL2.5%
• BlackRock TAX Municpal BD TrBBN2.4%
• BlackRock Core BD TrBHK2.1%
• MicrosoftMSFT1.9%
• Putnam Premier Income TrPPT1.9%
• TCW Strategic Income FundTSI1.8%
• DWS MUN Income TrKTF1.7%
• Applied MaterialsAMAT1.7%
• MFS Inter Income TrMIN1.6%
• Eaton Vance Limited DurationXEVVX1.4%
• Putnam Master Inter Income TPIM1.4%
• BlackRock CR AllocationBTZ1.4%
• Nuveen Taxable Municpal INMNBB1.1%
• BlackRock Income TrBKT1.1%
• Amazon.comAMZN1.1%
• Nuveen Real Asset Income & GJRI1.1%
• BlackRock Multi Sector Inc TBIT1.0%
• Nuveen Vriabl RAT PFD & INMNPFD0.9%
• Doubleline Opportunistic CRDBL0.9%
• First Tr High Yield Opprt 20FTHY0.8%
• Arista NetworksANET0.8%
• LMP Cap & Income FundXSCDX0.8%
• Blackstone Strategic Cred 20BGB0.8%
• Meta PlatformsMETA0.8%
• Brookfield Real Assets IncomRA0.7%
• Eli LillyLLY0.7%
• ChubbCB0.7%
• BlackRock Corpor HI YLD Fund IHYT0.7%
• Hancock John Income Secs TrJHS0.7%
• UnitedHealth GroupUNH0.7%
• JPMorgan ChaseJPM0.7%
• Neuberger High Yield St Fund INHS0.7%
• Nuveen Global High Income FundJGH0.7%
• Nuveen Multi-mkt Income Fund IJMM0.6%
• Credit Suisse High Yield CREDHY0.6%
• Flaherty & Crumrine PFD IncoPFD · PFO0.6%
• Goldman Sachs GroupGS0.6%
• Aberdeen Multi-market IncomeMMT0.6%
• Palo Alto NetworksPANW0.6%
• Nuveen Floating Rate IncomeJFR0.6%
• MFS Govt Mkts Income TrMGF0.6%
• Allspring Multi Sector IncomERC0.6%
• FS Specialty Lending FundFSSL0.6%
• Rivernorth Opportunities FundRIV0.5%
• ASML HoldingASML0.5%
• First Tr MTG Income FundFMY0.5%
• Williams CompaniesWMB0.5%
• VisaV0.5%
• Cornerstone Total Return FundCRF0.5%
• Nuveen MUN High Income OpporNMZ0.5%
• TJXTJX0.4%
• First Tr Inter DuratnFPF0.4%
• Home DepotHD0.4%
• FS Credit OpportunitiesFSCO0.4%
• Flaherty & Crumrine Total REFLC0.4%
• Monolithic Power SystemsMPWR0.4%
• CienaCIEN0.4%
• Invesco BD FundVBF0.4%
• BlackRock Muniyield QualityMYI0.4%
• CoherentCOHR0.4%
• LindeLIN0.4%
• Virtus Dividend Interest & PNFJ0.4%
• Clough Global OpportunitiesGLO0.4%
• AstrazenecaAZN0.4%
• Gabelli Divid & Income TrXGDVX0.4%
• Micron TechnologyMU0.4%
• Advent Conv & Income FundAVK0.4%
• Flaherty & Crumrin PFD & INMXFFCX0.3%
• Clough Global Equity FundXGLQX0.3%
• Vertiv HoldingsVRT0.3%
• Ameriprise FinancialAMP0.3%
• SiemensSIEGY0.3%
• ArganAGX0.3%
• Abrdn Income Credit StrategiACP0.3%
• GE VernovaGEV0.3%
• Bank of AmericaBAC0.3%
• Nuveen Mortgage and Income FJLS0.3%
• General Amern InvsGAM0.3%
• McDONALD’SMCD0.3%
• BNY Mellon Strategic Muns InLEO0.3%
• Western Asset GBL HighEHI0.3%
• Western Asset Invt Grade OPPIGI0.3%
• EatonETN0.3%
• Virtus Global Multi-sector IVGI0.3%
• Pgim Short DUR HIG YLD OPP FSDHY0.3%
• AbbVieABBV0.3%
• Western Asset Investment GRAPAI0.3%
• DatadogDDOG0.3%
• BNY Mellon Strategic MUN BDDSM0.3%
• FlowserveFLS0.3%
• Flaherty & Crumrine DynamicDFP0.3%
• Cisco SystemsCSCO0.3%
• Cohen & Steers InfrastructurUTF0.3%
• MerckMRK0.3%