|
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2019
Sit Large Cap Growth Fund
Investments are grouped by economic sectors.
| ||||||||
| Name of Issuer |
Quantity | Fair Value ($) | ||||||
| ||||||||
Common Stocks - 98.7% | ||||||||
Communications - 1.1% | ||||||||
Verizon Communications, Inc. | 20,925 | 1,263,033 | ||||||
|
| |||||||
Consumer Durables - 0.9% | ||||||||
YETI Holdings, Inc.* | 36,425 | 1,019,900 | ||||||
|
| |||||||
ConsumerNon-Durables - 7.3% | ||||||||
Conagra Brands, Inc. | 31,050 | 952,614 | ||||||
Constellation Brands, Inc. | 7,425 | 1,539,054 | ||||||
Estee Lauder Cos., Inc. - Class A | 12,300 | 2,447,085 | ||||||
Mondelez International, Inc. | 10,500 | 580,860 | ||||||
PepsiCo, Inc. | 15,700 | 2,152,470 | ||||||
VF Corp. | 7,300 | 649,627 | ||||||
|
| |||||||
| 8,321,710 | ||||||||
Consumer Services - 7.4% | ||||||||
McDonald’s Corp. | 4,700 | 1,009,137 | ||||||
Starbucks Corp. | 21,900 | 1,936,398 | ||||||
Visa, Inc. | 27,300 | 4,695,873 | ||||||
Walt Disney Co. | 6,200 | 807,984 | ||||||
|
| |||||||
| 8,449,392 | ||||||||
Electronic Technology - 15.0% | ||||||||
Advanced Micro Devices, Inc.* | 9,400 | 272,506 | ||||||
Apple, Inc. | 37,900 | 8,488,463 | ||||||
Applied Materials, Inc. | 38,900 | 1,941,110 | ||||||
Arista Networks, Inc.* | 2,750 | 657,030 | ||||||
Broadcom, Inc. | 7,800 | 2,153,346 | ||||||
Ciena Corp.* | 28,900 | 1,133,747 | ||||||
Corning, Inc. | 36,250 | 1,033,850 | ||||||
Intel Corp. | 16,800 | 865,704 | ||||||
NVIDIA Corp. | 3,725 | 648,411 | ||||||
|
| |||||||
| 17,194,167 | ||||||||
Energy Minerals - 1.2% | ||||||||
Chevron Corp. | 2,600 | 308,360 | ||||||
Marathon Petroleum Corp. | 12,400 | 753,300 | ||||||
Pioneer Natural Resources Co. | 2,300 | 289,271 | ||||||
|
| |||||||
| 1,350,931 | ||||||||
Finance - 4.4% | ||||||||
Aon, PLC | 2,975 | 575,871 | ||||||
Bank of America Corp. | 20,400 | 595,068 | ||||||
Chubb, Ltd. | 5,050 | 815,272 | ||||||
Goldman Sachs Group, Inc. | 5,150 | 1,067,234 | ||||||
JPMorgan Chase & Co. | 7,200 | 847,368 | ||||||
T Rowe Price Group, Inc. | 9,725 | 1,111,081 | ||||||
|
| |||||||
| 5,011,894 | ||||||||
| ||||||||
| Name of Issuer |
Quantity | Fair Value ($) | ||||||
| ||||||||
Health Services - 3.3% | ||||||||
HCA Healthcare, Inc. | 8,100 | 975,402 | ||||||
UnitedHealth Group, Inc. | 13,000 | 2,825,160 | ||||||
|
| |||||||
| 3,800,562 | ||||||||
Health Technology - 5.9% | ||||||||
Boston Scientific Corp.* | 36,700 | 1,493,323 | ||||||
Illumina, Inc.* | 3,500 | 1,064,770 | ||||||
Intuitive Surgical, Inc.* | 2,800 | 1,511,804 | ||||||
Johnson & Johnson | 9,400 | 1,216,172 | ||||||
Thermo Fisher Scientific, Inc. | 5,250 | 1,529,168 | ||||||
|
| |||||||
| 6,815,237 | ||||||||
Process Industries - 3.3% | ||||||||
Ecolab, Inc. | 8,425 | 1,668,487 | ||||||
Sherwin-Williams Co. | 3,800 | 2,089,506 | ||||||
|
| |||||||
| 3,757,993 | ||||||||
Producer Manufacturing - 7.9% | ||||||||
3M Co. | 5,450 | 895,980 | ||||||
Boeing Co. | 3,250 | 1,236,528 | ||||||
Honeywell International, Inc. | 9,925 | 1,679,310 | ||||||
Ingersoll-Rand, PLC | 10,700 | 1,318,347 | ||||||
L3Harris Technologies, Inc. | 5,775 | 1,204,896 | ||||||
Northrop Grumman Corp. | 2,700 | 1,011,933 | ||||||
Raytheon Co. | 5,000 | 980,950 | ||||||
United Technologies Corp. | 4,900 | 668,948 | ||||||
|
| |||||||
| 8,996,892 | ||||||||
Retail Trade - 8.4% | ||||||||
Amazon.com, Inc.* | 3,000 | 5,207,730 | ||||||
Home Depot, Inc. | 11,125 | 2,581,222 | ||||||
TJX Cos., Inc. | 22,700 | 1,265,298 | ||||||
Ulta Beauty, Inc.* | 2,300 | 576,495 | ||||||
|
| |||||||
| 9,630,745 | ||||||||
Technology Services - 29.3% | ||||||||
Accenture, PLC | 11,425 | 2,197,599 | ||||||
Adobe, Inc.* | 9,150 | 2,527,687 | ||||||
Alphabet, Inc. - Class A* | 625 | 763,212 | ||||||
Alphabet, Inc. - Class C* | 5,750 | 7,009,250 | ||||||
Autodesk, Inc.* | 9,800 | 1,447,460 | ||||||
Booking Holdings, Inc.* | 680 | 1,334,575 | ||||||
Facebook, Inc.* | 18,950 | 3,374,616 | ||||||
Intuit, Inc. | 6,600 | 1,755,204 | ||||||
Microsoft Corp. | 62,000 | 8,619,860 | ||||||
PayPal Holdings, Inc.* | 19,300 | 1,999,287 | ||||||
salesforce.com, Inc.* | 16,325 | 2,423,283 | ||||||
|
| |||||||
| 33,452,033 | ||||||||
| SEPTEMBER 30, 2019 | 1 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2019
Sit Large Cap Growth Fund (Continued)
| ||||||||
| Name of Issuer |
Quantity | Fair Value ($) | ||||||
| ||||||||
Transportation - 2.5% |
| |||||||
Delta Air Lines, Inc. | 18,400 | 1,059,840 | ||||||
Union Pacific Corp. | 11,000 | 1,781,780 | ||||||
|
| |||||||
| 2,841,620 | ||||||||
Utilities - 0.8% | ||||||||
NextEra Energy, Inc. | 4,000 | 931,960 | ||||||
|
| |||||||
Total Common Stocks |
| 112,838,069 | ||||||
|
| |||||||
| ||||||||
| Name of Issuer |
Quantity | Fair Value ($) | ||||||
| ||||||||
Short-Term Securities - 1.4% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 1.86% | 1,579,146 | 1,579,146 | ||||||
|
| |||||||
(cost: $1,579,146) | ||||||||
Total Investments in Securities - 100.1% |
| 114,417,215 | ||||||
Other Assets and Liabilities, net - (0.1%) |
| (161,115 | ) | |||||
|
| |||||||
Total Net Assets - 100.0% |
| $114,256,100 | ||||||
|
| |||||||
| * | Non-income producing security. |
PLC — Public Limited Company
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of September 30, 2019 is as follows:
| Investment in Securities | ||||||||||||
Level 1 | Level 2 Other significant | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||
Common Stocks** | 112,838,069 | — | — | 112,838,069 | ||||||||
Short-Term Securities | 1,579,146 | — | — | 1,579,146 | ||||||||
Total: | 114,417,215 | — | — | 114,417,215 | ||||||||
| ** | For equity securities categorized in a single level, refer to the Schedule of Investments for further breakdown. |
There were no transfers into or out of level 3 during the reporting period.
For additional information about significant accounting policies, including valuation of investments, refer to the Fund’s most recent annual report.
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