Sit Large Cap Growth Fund (SNIGX) NPORT-P Sit Large Cap Growth Fund (Sep 2020 report)

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2020

Sit Large Cap Growth Fund

Investments are grouped by economic sectors.

Name of Issuer	Quantity		Fair Value ($)
Common Stocks - 99.6%
Communications - 2.3%
American Tower Corp.		8,100		1,958,013
Verizon Communications, Inc.		20,925		1,244,828
				3,202,841
Consumer Durables - 1.2%
YETI Holdings, Inc. *		36,425		1,650,781
Consumer Non-Durables - 5.0%
Constellation Brands, Inc.		7,425		1,407,112
Estee Lauder Cos., Inc. - Class A		9,800		2,138,850
Mondelez International, Inc.		17,900		1,028,355
NIKE, Inc.		5,125		643,392
PepsiCo, Inc.		13,125		1,819,125
				7,036,834
Consumer Services - 5.6%
McDonald’s Corp.		6,650		1,459,608
Starbucks Corp.		19,775		1,699,068
Visa, Inc.		23,525		4,704,294
				7,862,970
Electronic Technology - 17.8%
Advanced Micro Devices, Inc. *		11,875		973,631
Apple, Inc.		132,300		15,321,663
Applied Materials, Inc.		38,900		2,312,605
Broadcom, Inc.		7,800		2,841,696
Ciena Corp. *		22,200		881,118
Keysight Technologies, Inc. *		7,875		777,892
NVIDIA Corp.		3,875		2,097,228
				25,205,833
Finance - 3.2%
Aon, PLC		5,975		1,232,642
Chubb, Ltd.		5,050		586,406
Goldman Sachs Group, Inc.		5,150		1,034,996
JPMorgan Chase & Co.		4,900		471,723
T Rowe Price Group, Inc.		9,725		1,246,940
				4,572,707
Health Services - 2.7%
HCA Healthcare, Inc.		2,200		274,296
UnitedHealth Group, Inc.		11,575		3,608,738
				3,883,034
Health Technology - 9.0%
Abbott Laboratories		15,500		1,686,865
AbbVie, Inc.		8,050		705,100
Boston Scientific Corp. *		26,975		1,030,715
Bristol-Myers Squibb Co.		5,675		342,146
DexCom, Inc. *		4,050		1,669,532
Illumina, Inc. *		1,800		556,344
Intuitive Surgical, Inc. *		2,800		1,986,712

Name of Issuer	Quantity		Fair Value ($)
Johnson & Johnson		9,400		1,399,472
Medtronic, PLC		9,700		1,008,024
Thermo Fisher Scientific, Inc.		5,250		2,317,980
				12,702,890
Process Industries - 2.6%
Ecolab, Inc.		7,125		1,423,860
Sherwin-Williams Co.		3,150		2,194,731
				3,618,591
Producer Manufacturing - 3.9%
3M Co.		3,900		624,702
Honeywell International, Inc.		8,425		1,386,839
L3Harris Technologies, Inc.		6,550		1,112,452
Northrop Grumman Corp.		2,700		851,823
Otis Worldwide Corp.		7,450		465,029
Trane Technologies, PLC		8,900		1,079,125
				5,519,970
Retail Trade - 9.6%
Amazon.com, Inc. *		3,150		9,918,500
Home Depot, Inc.		8,425		2,339,707
TJX Cos., Inc.		22,700		1,263,255
				13,521,462
Technology Services - 34.1%
Accenture, PLC		10,200		2,305,098
Adobe, Inc. *		6,725		3,298,142
Alphabet, Inc. - Class A *		625		916,000
Alphabet, Inc. - Class C *		4,385		6,444,196
Atlassian Corp., PLC *		10,375		1,886,071
Autodesk, Inc. *		6,900		1,593,969
Dynatrace, Inc. *		12,550		514,801
Facebook, Inc. *		21,250		5,565,375
Intuit, Inc.		6,100		1,989,881
Microsoft Corp.		58,900		12,388,437
Paycom Software, Inc. *		2,500		778,250
PayPal Holdings, Inc. *		19,300		3,802,679
salesforce.com, Inc. *		16,525		4,153,063
ServiceNow, Inc. *		2,275		1,103,375
Splunk, Inc. *		8,100		1,523,853
				48,263,190
Transportation - 2.0%
FedEx Corp.		3,300		830,016
Union Pacific Corp.		10,150		1,998,230
				2,828,246
Utilities - 0.6%
NextEra Energy, Inc.		3,275		909,009
Total Common Stocks (cost: $57,755,857)				140,778,358

  SEPTEMBER 30, 2020   1

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2020

Sit Large Cap Growth Fund (Continued)

Name of Issuer	Quantity		Fair Value ($)
Short-Term Securities - 0.5%
Fidelity Inst. Money Mkt. Gvt. Fund, 0.01%		694,297		694,297
(cost: $694,297)
Total Investments in Securities - 100.1% (cost: $58,450,154)				141,472,655
Other Assets and Liabilities, net - (0.1%)				(103,230	)
Total Net Assets - 100.0%			$	141,369,425

*     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, 2020 is as follows:

	Investment in Securities
	Level 1		Level 2	Level 3
	Quoted Price ($)		Other significant observable inputs ($)	Significant unobservable inputs ($)	Total ($)
Common Stocks **		140,778,358	—	—		140,778,358
Short-Term Securities		694,297	—	—		694,297
Total:		141,472,655	—	—		141,472,655

**     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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