SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2021
Sit Small Cap Growth Fund Investments are grouped by economic sectors. |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Common Stocks - 99.4% | ||||||||
Commercial Services - 5.2% | ||||||||
ASGN, Inc. * | 22,375 | 2,135,470 | ||||||
Booz Allen Hamilton Holding Corp. | 20,000 | 1,610,600 | ||||||
Colliers International Group, Inc. | 12,700 | 1,247,648 | ||||||
FTI Consulting, Inc. * | 8,950 | 1,253,984 | ||||||
World Fuel Services Corp. | 30,875 | 1,086,800 | ||||||
|
| |||||||
7,334,502 | ||||||||
|
| |||||||
Communications - 0.8% | ||||||||
Shenandoah Telecommunications Co. | 22,700 | 1,107,987 | ||||||
|
| |||||||
Consumer Durables - 6.4% | ||||||||
Acushnet Holdings Corp. | 17,050 | 704,676 | ||||||
BRP, Inc. | 19,150 | 1,664,518 | ||||||
Helen of Troy, Ltd. * | 5,925 | 1,248,160 | ||||||
Take-Two Interactive Software, Inc. * | 6,350 | 1,122,045 | ||||||
Thor Industries, Inc. | 11,200 | 1,509,088 | ||||||
YETI Holdings, Inc. * | 38,575 | 2,785,501 | ||||||
|
| |||||||
9,033,988 | ||||||||
|
| |||||||
Consumer Services - 4.4% | ||||||||
Chegg, Inc. * | 20,800 | 1,781,728 | ||||||
Nexstar Media Group, Inc. | 15,225 | 2,138,047 | ||||||
Service Corp. International | 11,575 | 590,904 | ||||||
Vail Resorts, Inc. | 6,025 | 1,757,252 | ||||||
|
| |||||||
6,267,931 | ||||||||
|
| |||||||
Electronic Technology - 10.3% | ||||||||
Arista Networks, Inc. * | 6,450 | 1,947,190 | ||||||
Ciena Corp. * | 14,150 | 774,288 | ||||||
CMC Materials, Inc. | 8,825 | 1,560,172 | ||||||
II-VI, Inc. * | 20,075 | 1,372,528 | ||||||
MKS Instruments, Inc. | 15,750 | 2,920,365 | ||||||
Monolithic Power Systems, Inc. | 10,200 | 3,602,742 | ||||||
Skyworks Solutions, Inc. | 13,200 | 2,421,936 | ||||||
|
| |||||||
14,599,221 | ||||||||
|
| |||||||
Finance - 8.9% | ||||||||
American Financial Group, Inc. | 8,900 | 1,015,490 | ||||||
Artisan Partners Asset Management, Inc. | 31,825 | 1,660,310 | ||||||
Axis Capital Holdings, Ltd. | 22,975 | 1,138,871 | ||||||
First Republic Bank | 6,400 | 1,067,200 | ||||||
Hannon Armstrong Sustainable Infrastructure Cap., Inc. | 17,100 | 959,310 | ||||||
Physicians Realty Trust | 61,600 | 1,088,472 | ||||||
PROG Holdings, Inc. | 37,000 | 1,601,730 | ||||||
QTS Realty Trust, Inc. | 13,300 | 825,132 | ||||||
SVB Financial Group * | 3,775 | 1,863,566 | ||||||
Western Alliance Bancorp | 14,300 | 1,350,492 | ||||||
|
| |||||||
12,570,573 | ||||||||
|
|
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Health Services - 3.7% | ||||||||
Encompass Health Corp. | 19,675 | 1,611,382 | ||||||
Teladoc Health, Inc. * | 8,575 | 1,558,506 | ||||||
Tenet Healthcare Corp. * | 40,100 | 2,085,200 | ||||||
|
| |||||||
5,255,088 | ||||||||
|
| |||||||
Health Technology - 16.4% | ||||||||
Align Technology, Inc. * | 2,550 | 1,380,902 | ||||||
AtriCure, Inc. * | 34,325 | 2,248,974 | ||||||
Bio-Techne Corp. | 4,800 | 1,833,264 | ||||||
Exact Sciences Corp. * | 15,700 | 2,068,946 | ||||||
ICU Medical, Inc. * | 6,875 | 1,412,400 | ||||||
Insulet Corp. * | 4,950 | 1,291,554 | ||||||
iRhythm Technologies, Inc. * | 13,175 | 1,829,480 | ||||||
LeMaitre Vascular, Inc. | 15,025 | 732,920 | ||||||
NanoString Technologies, Inc. * | 25,125 | 1,650,964 | ||||||
Pacific Biosciences of California, Inc. * | 69,475 | 2,314,212 | ||||||
PerkinElmer, Inc. | 8,400 | 1,077,636 | ||||||
Sarepta Therapeutics, Inc. * | 13,400 | 998,702 | ||||||
STAAR Surgical Co. * | 24,525 | 2,585,180 | ||||||
STERIS, PLC | 9,100 | 1,733,368 | ||||||
|
| |||||||
23,158,502 | ||||||||
|
| |||||||
Industrial Services - 4.2% | ||||||||
EMCOR Group, Inc. | 15,800 | 1,772,128 | ||||||
KBR, Inc. | 43,500 | 1,669,965 | ||||||
Waste Connections, Inc. | 23,100 | 2,494,338 | ||||||
|
| |||||||
5,936,431 | ||||||||
|
| |||||||
Non-Energy Minerals - 3.4% | ||||||||
AZEK Co., Inc. * | 24,200 | 1,017,610 | ||||||
Eagle Materials, Inc. | 5,500 | 739,255 | ||||||
Trex Co., Inc. * | 33,075 | 3,027,686 | ||||||
|
| |||||||
4,784,551 | ||||||||
|
| |||||||
Process Industries - 3.8% | ||||||||
Olin Corp. | 52,750 | 2,002,918 | ||||||
Scotts Miracle-Gro Co. | 11,300 | 2,768,161 | ||||||
Vital Farms, Inc.* | 27,000 | 589,680 | ||||||
|
| |||||||
5,360,759 | ||||||||
|
| |||||||
Producer Manufacturing - 10.2% | ||||||||
Applied Industrial Technologies, Inc. | 7,000 | 638,190 | ||||||
Array Technologies, Inc. * | 19,550 | 582,981 | ||||||
AZZ, Inc. | 17,025 | 857,209 | ||||||
Carlisle Cos., Inc. | 2,200 | 362,076 | ||||||
Crane Co. | 15,400 | 1,446,214 | ||||||
H&E Equipment Services, Inc. | 53,175 | 2,020,650 | ||||||
Hubbell, Inc. | 8,000 | 1,495,120 | ||||||
Hydrofarm Holdings Group, Inc. * | 5,500 | 331,760 |
MARCH 31, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2021
Sit Small Cap Growth Fund (Continued) |
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Lincoln Electric Holdings, Inc. | 8,900 | 1,094,166 | ||||||
MSA Safety, Inc. | 11,400 | 1,710,228 | ||||||
Oshkosh Corp. | 7,825 | 928,514 | ||||||
Rexnord Corp. | 34,700 | 1,634,023 | ||||||
TPI Composites, Inc. * | 11,475 | 647,534 | ||||||
Watsco, Inc. | 2,925 | 762,694 | ||||||
|
| |||||||
14,511,359 | ||||||||
|
| |||||||
Retail Trade - 1.3% |
| |||||||
Casey’s General Stores, Inc. | 4,300 | 929,617 | ||||||
Ulta Beauty, Inc. * | 3,050 | 942,968 | ||||||
|
| |||||||
1,872,585 | ||||||||
|
| |||||||
Technology Services - 15.4% |
| |||||||
Altair Engineering, Inc. * | 29,983 | 1,876,036 | ||||||
ANSYS, Inc. * | 3,725 | 1,264,861 | ||||||
Aspen Technology, Inc. * | 12,575 | 1,814,950 | ||||||
Euronet Worldwide, Inc. * | 16,600 | 2,295,780 | ||||||
Globant SA * | 10,800 | 2,242,188 | ||||||
GoDaddy, Inc. * | 15,025 | 1,166,240 | ||||||
HubSpot, Inc. * | 6,100 | 2,770,681 | ||||||
nCino, Inc. * | 10,775 | 718,908 | ||||||
Paycom Software, Inc. * | 7,450 | 2,756,947 | ||||||
PTC, Inc. * | 17,600 | 2,422,640 | ||||||
Science Applications International Corp. | 14,800 | 1,237,132 | ||||||
Talend SA, ADR * | 19,100 | 1,215,524 | ||||||
|
| |||||||
21,781,887 | ||||||||
|
|
Name of Issuer |
Quantity | Fair Value ($) | ||||||
Transportation - 3.9% |
| |||||||
Alaska Air Group, Inc. * | 11,500 | 795,915 | ||||||
Knight-Swift Transportation Holdings, Inc. | 33,975 | 1,633,858 | ||||||
Marten Transport, Ltd. | 72,075 | 1,223,113 | ||||||
TFI International, Inc. | 25,075 | 1,874,607 | ||||||
|
| |||||||
5,527,493 | ||||||||
|
| |||||||
Utilities - 1.1% |
| |||||||
Fortis, Inc. | 12,107 | 525,081 | ||||||
Spire, Inc. | 14,675 | 1,084,336 | ||||||
|
| |||||||
1,609,417 | ||||||||
|
| |||||||
Total Common Stocks |
| 140,712,274 | ||||||
|
| |||||||
Short-Term Securities - 0.8% |
| |||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.01% | 1,131,782 | 1,131,782 | ||||||
|
| |||||||
(cost: $1,131,782) |
| |||||||
Total Investments in Securities - 100.2% |
| 141,844,056 | ||||||
Other Assets and Liabilities, net - (0.2%) |
| (277,149 | ) | |||||
|
| |||||||
Total Net Assets - 100.0% | $141,566,907 | |||||||
|
|
* | Non-income producing security. |
ADR — American Depositary Receipt
PLC — Public Limited Company
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of March 31, 2021 is as follows:
Investment in Securities | ||||||||||||
Level 1 Quoted Price ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||
Common Stocks ** | 140,712,274 | — | — | 140,712,274 | ||||||||
Short-Term Securities | 1,131,782 | — | — | 1,131,782 | ||||||||
Total: | 141,844,056 | — | — | 141,844,056 |
** | 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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