SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2020
Sit Large Cap Growth Fund Investments are grouped by economic sectors. |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Common Stocks - 98.6% |
| |||||||
Communications - 1.1% |
| |||||||
Verizon Communications, Inc. | 20,925 | 1,124,300 | ||||||
|
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Consumer Durables - 0.7% |
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YETI Holdings, Inc.* | 36,425 | 711,016 | ||||||
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ConsumerNon-Durables - 5.4% |
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Constellation Brands, Inc. | 7,425 | 1,064,448 | ||||||
Estee Lauder Cos., Inc. - Class A | 9,800 | 1,561,532 | ||||||
Mondelez International, Inc. | 17,900 | 896,432 | ||||||
NIKE, Inc. | 5,125 | 424,042 | ||||||
PepsiCo, Inc. | 13,125 | 1,576,312 | ||||||
|
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5,522,766 | ||||||||
|
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Consumer Services - 6.8% |
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McDonald’s Corp. | 6,650 | 1,099,578 | ||||||
Starbucks Corp. | 21,900 | 1,439,706 | ||||||
Visa, Inc. | 23,525 | 3,790,348 | ||||||
Walt Disney Co. | 6,200 | 598,920 | ||||||
|
| |||||||
6,928,552 | ||||||||
|
| |||||||
Electronic Technology - 16.1% |
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Advanced Micro Devices, Inc.* | 11,875 | 540,075 | ||||||
Apple, Inc. | 34,475 | 8,766,648 | ||||||
Applied Materials, Inc. | 38,900 | 1,782,398 | ||||||
Broadcom, Inc. | 7,800 | 1,849,380 | ||||||
Ciena Corp.* | 22,200 | 883,782 | ||||||
Intel Corp. | 16,800 | 909,216 | ||||||
Keysight Technologies, Inc.* | 7,875 | 658,980 | ||||||
NVIDIA Corp. | 3,725 | 981,910 | ||||||
|
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16,372,389 | ||||||||
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Finance - 3.9% |
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Aon, PLC | 5,975 | 986,114 | ||||||
Bank of America Corp. | 10,425 | 221,323 | ||||||
Chubb, Ltd. | 5,050 | 564,034 | ||||||
Goldman Sachs Group, Inc. | 5,150 | 796,139 | ||||||
JPMorgan Chase & Co. | 4,900 | 441,147 | ||||||
T Rowe Price Group, Inc. | 9,725 | 949,646 | ||||||
|
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3,958,403 | ||||||||
|
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Health Services - 3.7% |
| |||||||
HCA Healthcare, Inc. | 8,100 | 727,785 | ||||||
UnitedHealth Group, Inc. | 11,925 | 2,973,856 | ||||||
|
| |||||||
3,701,641 | ||||||||
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|
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Health Technology - 7.7% | ||||||||
Abbott Laboratories | 15,500 | 1,223,105 | ||||||
Boston Scientific Corp.* | 26,975 | 880,194 | ||||||
DexCom, Inc.* | 4,050 | 1,090,544 | ||||||
Illumina, Inc.* | 1,800 | 491,616 | ||||||
Intuitive Surgical, Inc.* | 2,800 | 1,386,588 | ||||||
Johnson & Johnson | 9,400 | 1,232,622 | ||||||
Thermo Fisher Scientific, Inc. | 5,250 | 1,488,900 | ||||||
|
| |||||||
7,793,569 | ||||||||
|
| |||||||
Process Industries - 2.7% | ||||||||
Ecolab, Inc. | 8,425 | 1,312,868 | ||||||
Sherwin-Williams Co. | 3,150 | 1,447,488 | ||||||
|
| |||||||
2,760,356 | ||||||||
|
| |||||||
Producer Manufacturing - 5.7% | ||||||||
3M Co. | 3,900 | 532,389 | ||||||
Honeywell International, Inc. | 8,425 | 1,127,181 | ||||||
L3Harris Technologies, Inc. | 6,550 | 1,179,786 | ||||||
Northrop Grumman Corp. | 2,700 | 816,885 | ||||||
Raytheon Co. | 5,000 | 655,750 | ||||||
Trane Technologies, PLC | 8,900 | 735,051 | ||||||
United Technologies Corp. | 7,300 | 688,609 | ||||||
|
| |||||||
5,735,651 | ||||||||
|
| |||||||
Retail Trade - 8.9% | ||||||||
Amazon.com, Inc.* | 3,150 | 6,141,618 | ||||||
Home Depot, Inc. | 9,825 | 1,834,426 | ||||||
TJX Cos., Inc. | 22,700 | 1,085,287 | ||||||
|
| |||||||
9,061,331 | ||||||||
|
| |||||||
Technology Services - 33.3% | ||||||||
Accenture, PLC | 11,425 | 1,865,246 | ||||||
Adobe, Inc.* | 8,750 | 2,784,600 | ||||||
Alphabet, Inc. - Class A* | 625 | 726,219 | ||||||
Alphabet, Inc. - Class C* | 4,635 | 5,389,624 | ||||||
Atlassian Corp., PLC* | 10,375 | 1,424,072 | ||||||
Autodesk, Inc.* | 8,300 | 1,295,630 | ||||||
Facebook, Inc.* | 21,250 | 3,544,500 | ||||||
Intuit, Inc. | 6,100 | 1,403,000 | ||||||
Microsoft Corp. | 59,900 | 9,446,829 | ||||||
Paycom Software, Inc.* | 1,300 | 262,613 | ||||||
PayPal Holdings, Inc.* | 19,300 | 1,847,782 | ||||||
salesforce.com, Inc.* | 18,825 | 2,710,424 | ||||||
Splunk, Inc.* | 8,100 | 1,022,463 | ||||||
|
| |||||||
33,723,002 | ||||||||
|
|
MARCH 31, 2020 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2020
Sit Large Cap Growth Fund (Continued) |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Transportation - 1.8% | ||||||||
FedEx Corp. | 3,300 | 400,158 | ||||||
Union Pacific Corp. | 10,150 | 1,431,556 | ||||||
|
| |||||||
1,831,714 | ||||||||
|
| |||||||
Utilities - 0.8% | ||||||||
NextEra Energy, Inc. | 3,275 | 788,030 | ||||||
|
| |||||||
Total Common Stocks | 100,012,720 | |||||||
|
|
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Short-Term Securities - 1.5% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.30% | 1,470,344 | 1,470,344 | ||||||
|
| |||||||
(cost: $1,470,344) | ||||||||
Total Investments in Securities - 100.1% | 101,483,064 | |||||||
Other Assets and Liabilities, net - (0.1%) | (100,983 | ) | ||||||
|
| |||||||
Total Net Assets - 100.0% | $101,382,081 | |||||||
|
|
* | Non-income producing security. |
PLC — Public Limited Company
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of March 31, 2020 is as follows:
Investment in Securities | ||||||||||||
Level 1 Quoted Price ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||
Common Stocks** | 100,012,720 | — | — | 100,012,720 | ||||||||
Short-Term Securities | 1,470,344 | — | — | 1,470,344 | ||||||||
Total: | 101,483,064 | — | — | 101,483,064 |
** | 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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