Sit Large Cap Growth Fund (SNIGX) NPORT-P Sit Large Cap Growth Fund (Mar 2022 report)

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2022

Sit Large Cap Growth Fund

Investments are grouped by economic sectors.

Name of Issuer	Quantity		Fair Value ($)
Common Stocks - 99.2%
Commercial Services - 0.6%
Equifax, Inc.		4,400		1,043,240
Communications - 1.0%
American Tower Corp.		6,950		1,745,979
Consumer Durables - 1.5%
Activision Blizzard, Inc.		14,050		1,125,546
YETI Holdings, Inc. *		23,950		1,436,521
				2,562,067
Consumer Non-Durables - 4.3%
Constellation Brands, Inc.		7,425		1,710,126
Estee Lauder Cos., Inc. - Class A		7,600		2,069,632
Mondelez International, Inc.		12,850		806,723
NIKE, Inc.		9,050		1,217,768
PepsiCo, Inc.		10,000		1,673,800
				7,478,049
Consumer Services - 3.9%
Chegg, Inc. *		13,550		491,594
McDonald’s Corp.		6,650		1,644,412
Starbucks Corp.		17,400		1,582,878
Visa, Inc.		13,650		3,027,160
				6,746,044
Electronic Technology - 22.0%
Apple, Inc.		123,875		21,629,814
Applied Materials, Inc.		32,500		4,283,500
Broadcom, Inc.		7,800		4,911,504
NVIDIA Corp.		22,700		6,193,922
QUALCOMM, Inc.		6,325		966,586
				37,985,326
Energy Minerals - 0.7%
ConocoPhillips		12,900		1,290,000
Finance - 2.0%
Chubb, Ltd.		5,050		1,080,195
Goldman Sachs Group, Inc.		5,150		1,700,015
JPMorgan Chase & Co.		4,900		667,968
				3,448,178
Health Services - 4.6%
Centene Corp. *		12,350		1,039,747
HCA Healthcare, Inc.		5,850		1,466,127
UnitedHealth Group, Inc.		10,825		5,520,425
				8,026,299
Health Technology - 8.3%
Abbott Laboratories		15,500		1,834,580
AbbVie, Inc.		11,600		1,880,476
Baxter International, Inc.		17,425		1,351,135
Dexcom, Inc. *		5,500		2,813,800
Johnson & Johnson		9,400		1,665,962
Medtronic, PLC		15,825		1,755,784
Thermo Fisher Scientific, Inc.		5,250		3,100,912
				14,402,649
Process Industries - 1.9%
Darling Ingredients, Inc. *		13,700		1,101,206

Name of Issuer	Quantity		Fair Value ($)
Linde, PLC		2,650		846,490
Sherwin-Williams Co.		5,225		1,304,264
				3,251,960
Producer Manufacturing - 3.9%
Aptiv, PLC *		7,275		870,890
Honeywell International, Inc.		8,425		1,639,336
Northrop Grumman Corp.		3,475		1,554,090
Parker-Hannifin Corp.		3,950		1,120,852
Siemens AG, ADR		21,675		1,498,610
				6,683,778
Retail Trade - 8.0%
Amazon.com, Inc. *		3,150		10,268,843
Home Depot, Inc.		8,425		2,521,855
TJX Cos., Inc.		18,075		1,094,983
				13,885,681
Technology Services - 33.1%
Accenture, PLC		10,200		3,439,746
Adobe, Inc. *		6,250		2,847,625
Alphabet, Inc. - Class A *		625		1,738,344
Alphabet, Inc. - Class C *		3,675		10,264,238
Atlassian Corp., PLC *		7,675		2,255,145
Autodesk, Inc. *		7,700		1,650,495
DocuSign, Inc. *		7,950		851,604
Dynatrace, Inc. *		18,225		858,398
EPAM Systems, Inc. *		725		215,042
Intuit, Inc.		5,200		2,500,368
Meta Platforms, Inc. *		16,725		3,718,971
Microsoft Corp.		58,900		18,159,459
Paycom Software, Inc. *		2,500		865,950
PayPal Holdings, Inc. *		17,600		2,035,440
RingCentral, Inc. *		1,450		169,954
salesforce.com, Inc. *		15,225		3,232,572
ServiceNow, Inc. *		2,275		1,266,925
Splunk, Inc. *		8,100		1,203,741
				57,274,017
Transportation - 2.8%
FedEx Corp.		9,125		2,111,434
Union Pacific Corp.		10,150		2,773,081
				4,884,515
Utilities - 0.6%
NextEra Energy, Inc.		13,100		1,109,701
Total Common Stocks (cost: $65,754,528)				171,817,483
Short-Term Securities - 0.9%
Fidelity Inst. Money Mkt. Gvt. Fund, 0.12% (cost $1,487,397)		1,487,397		1,487,397
Total Investments in Securities - 100.1% (cost $67,241,925)				173,304,880
Other Assets and Liabilities, net - (0.1)%				(252,927	)
Total Net Assets - 100.0%				$173,051,953

MARCH 31, 2022 1

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2022

Sit Large Cap Growth Fund (Continued)

*   Non-income producing security.	ADR — American Depositary Receipt
	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, 2022 is as follows:

	Investment in Securities
	Level 1 Quoted Prices ($)		Level 2 Other significant observable inputs ($)	Level 3 Significant unobservable inputs ($)	Total ($)
Common Stocks**		171,817,483	—	—		171,817,483
Short-Term Securities		1,487,397	—	—		1,487,397
Total:		173,304,880	—	—		173,304,880

** 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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