Sit Large Cap Growth Fund (SNIGX) NPORT-P Sit Large Cap Growth Fund (Sep 2023 report)

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2023

Sit Large Cap Growth Fund

Investments are grouped by economic sectors.

Name of Issuer	Quantity		Fair Value ($)
Common Stocks - 98.9%
Consumer Durables - 0.8%
YETI Holdings, Inc. *		23,950		1,154,869
Consumer Non-Durables - 4.1%
Constellation Brands, Inc.		7,425		1,866,125
Estee Lauder Cos., Inc. - Class A		7,600		1,098,580
Mondelez International, Inc.		12,850		891,790
NIKE, Inc.		9,050		865,361
PepsiCo, Inc.		10,000		1,694,400
				6,416,256
Consumer Services - 3.1%
McDonald’s Corp.		6,650		1,751,876
Visa, Inc.		13,650		3,139,637
				4,891,513
Electronic Technology - 26.1%
Apple, Inc.		110,825		18,974,348
Applied Materials, Inc.		27,700		3,835,065
Arista Networks, Inc. *		3,750		689,738
Broadcom, Inc.		7,525		6,250,115
NVIDIA Corp.		20,250		8,808,547
Palo Alto Networks, Inc. *		9,225		2,162,709
				40,720,522
Energy Minerals - 2.1%
Chevron Corp.		2,100		354,102
ConocoPhillips		24,600		2,947,080
				3,301,182
Finance - 2.2%
Chubb, Ltd.		5,050		1,051,309
Goldman Sachs Group, Inc.		5,150		1,666,386
JPMorgan Chase & Co.		4,900		710,598
				3,428,293
Health Services - 4.6%
Centene Corp. *		16,425		1,131,354
HCA Healthcare, Inc.		4,125		1,014,667
UnitedHealth Group, Inc.		10,125		5,104,924
				7,250,945
Health Technology - 5.1%
Abbott Laboratories		15,500		1,501,175
Dexcom, Inc. *		22,000		2,052,600
Gilead Sciences, Inc.		11,150		835,581
Johnson & Johnson		6,150		957,862
Thermo Fisher Scientific, Inc.		5,250		2,657,393
				8,004,611
Industrial Services - 1.5%
Cheniere Energy, Inc.		13,675		2,269,503
Process Industries - 1.5%
Linde, PLC		2,650		986,728
Sherwin-Williams Co.		5,225		1,332,636
				2,319,364
Producer Manufacturing - 4.7%
Aptiv, PLC *		11,650		1,148,574
General Dynamics Corp.		3,550		784,443

Name of Issuer	Quantity		Fair Value ($)
Honeywell International, Inc.		8,425		1,556,434
Northrop Grumman Corp.		1,875		825,356
Parker-Hannifin Corp.		3,950		1,538,604
Siemens AG, ADR		21,675		1,548,679
				7,402,090
Retail Trade - 9.4%
Amazon.com, Inc. *		63,000		8,008,560
Home Depot, Inc.		8,425		2,545,698
Lululemon Athletica, Inc. *		4,425		1,706,324
Netflix, Inc. *		2,300		868,480
TJX Cos., Inc.		18,075		1,606,506
				14,735,568
Technology Services - 30.7%
Accenture, PLC		10,200		3,132,522
Adobe, Inc. *		6,250		3,186,875
Alphabet, Inc. - Class A *		12,500		1,635,750
Alphabet, Inc. - Class C *		73,500		9,690,975
Atlassian Corp. *		7,675		1,546,589
Autodesk, Inc. *		6,300		1,303,533
Intuit, Inc.		5,200		2,656,888
Meta Platforms, Inc. *		1,550		465,325
Microsoft Corp.		57,600		18,187,200
Paycom Software, Inc.		2,500		648,175
salesforce.com, Inc. *		15,225		3,087,326
ServiceNow, Inc. *		2,275		1,271,634
Splunk, Inc. *		8,100		1,184,625
				47,997,417
Transportation - 2.5%
FedEx Corp.		7,575		2,006,769
Union Pacific Corp.		9,200		1,873,396
				3,880,165
Utilities - 0.5%
NextEra Energy, Inc.		13,100		750,499
Total Common Stocks (cost: $56,375,783)				154,522,797
Short-Term Securities - 1.5%
Fidelity Inst. Money Mkt. Gvt. Fund, 5.27% (cost $2,364,584)		2,364,584		2,364,584
Total Investments in Securities - 100.4% (cost $58,740,367)				156,887,381
Other Assets and Liabilities, net - (0.4)%				(572,611	)
Net Assets - 100.0%			$	156,314,770

                    

* Non-income producing security.

  ADR — American Depositary Receipt

  PLC — Public Limited Company

Numeric footnotes not disclosed are not applicable to this Schedule of Investments.

SEPTEMBER 30, 2023 1

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2023

Sit Large Cap Growth Fund (Continued)

A summary of the levels for the Fund’s investments as of September 30, 2023 is as follows:

	Investment in Securities
	Level 1		Level 2		Level 3
	Quoted  Prices ($)		Other significant observable inputs ($)		Significant unobservable inputs ($)		Total ($)
Common Stocks**		154,522,797		—		—		154,522,797
Short-Term Securities		2,364,584		—		—		2,364,584
Total:		156,887,381		—		—		156,887,381

** For equity securities categorized in a single level, refer to the detail above 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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