SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
Sit Small Cap Growth Fund
Investments are grouped by economic sectors.
Name of Issuer | Quantity | Fair Value ($) | ||||||
Common Stocks - 98.7% | ||||||||
Commercial Services - 6.4% | ||||||||
ASGN, Inc. * | 19,450 | 2,270,009 | ||||||
Booz Allen Hamilton Holding Corp. | 20,000 | 1,756,800 | ||||||
Colliers International Group, Inc. | 12,700 | 1,656,080 | ||||||
FTI Consulting, Inc. * | 5,250 | 825,405 | ||||||
World Fuel Services Corp. | 54,375 | 1,470,300 | ||||||
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7,978,594 | ||||||||
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Consumer Durables - 3.7% | ||||||||
BRP, Inc. | 8,150 | 666,589 | ||||||
Helen of Troy, Ltd. * | 4,875 | 954,720 | ||||||
Take-Two Interactive Software, Inc. * | 4,075 | 626,490 | ||||||
Thor Industries, Inc. | 11,200 | 881,440 | ||||||
YETI Holdings, Inc. * | 25,325 | 1,518,994 | ||||||
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4,648,233 | ||||||||
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Consumer Non-Durables - 1.1% | ||||||||
Crocs, Inc. * | 7,600 | 580,640 | ||||||
Wolverine World Wide, Inc. | 36,000 | 812,160 | ||||||
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1,392,800 | ||||||||
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Consumer Services - 3.3% | ||||||||
Chegg, Inc. * | 20,800 | 754,624 | ||||||
Nexstar Media Group, Inc. | 12,725 | 2,398,408 | ||||||
Vail Resorts, Inc. | 3,550 | 923,959 | ||||||
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4,076,991 | ||||||||
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Electronic Technology - 10.8% | ||||||||
Arista Networks, Inc. * | 15,600 | 2,168,088 | ||||||
Ciena Corp. * | 14,150 | 857,914 | ||||||
CMC Materials, Inc. | 11,650 | 2,159,910 | ||||||
CommScope Holding Co., Inc. * | 64,850 | 511,018 | ||||||
II-VI, Inc. * | 20,075 | 1,455,237 | ||||||
MKS Instruments, Inc. | 13,400 | 2,010,000 | ||||||
Monolithic Power Systems, Inc. | 5,675 | 2,756,234 | ||||||
Skyworks Solutions, Inc. | 10,800 | 1,439,424 | ||||||
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13,357,825 | ||||||||
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Finance - 10.4% | ||||||||
Air Lease Corp. | 27,625 | 1,233,456 | ||||||
American Financial Group, Inc. | 4,800 | 698,976 | ||||||
Artisan Partners Asset Management, Inc. | 31,825 | 1,252,314 | ||||||
Axis Capital Holdings, Ltd. | 22,975 | 1,389,298 | ||||||
First Republic Bank | 5,200 | 842,920 | ||||||
H&E Equipment Services, Inc. | 53,175 | 2,314,176 | ||||||
Hannon Armstrong Sust. Inf. Cap., Inc. | 15,975 | 757,694 | ||||||
Physicians Realty Trust | 61,600 | 1,080,464 | ||||||
Stifel Financial Corp. | 8,700 | 590,730 | ||||||
SVB Financial Group * | 2,800 | 1,566,460 | ||||||
Western Alliance Bancorp | 14,300 | 1,184,326 | ||||||
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12,910,814 | ||||||||
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Health Services - 4.8% | ||||||||
Addus HomeCare Corp. * | 16,850 | 1,571,937 | ||||||
Encompass Health Corp. | 19,675 | 1,399,089 | ||||||
Tenet Healthcare Corp. * | 34,900 | 3,000,004 | ||||||
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5,971,030 | ||||||||
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Health Technology - 14.2% | ||||||||
908 Devices, Inc. * | 32,675 | 621,152 | ||||||
Align Technology, Inc. * | 2,150 | 937,400 |
Name of Issuer | Quantity | Fair Value ($) | ||||||
AtriCure, Inc. * | 23,225 | 1,525,186 | ||||||
Avid Bioservices, Inc. * | 12,025 | 244,949 | ||||||
Bio-Techne Corp. | 3,700 | 1,602,248 | ||||||
Exact Sciences Corp. * | 12,425 | 868,756 | ||||||
Halozyme Therapeutics, Inc. * | 26,375 | 1,051,835 | ||||||
ICU Medical, Inc. * | 6,875 | 1,530,650 | ||||||
Inmode, Ltd. * | 35,500 | 1,310,305 | ||||||
Insulet Corp. * | 3,525 | 939,025 | ||||||
NanoString Technologies, Inc. * | 17,900 | 622,025 | ||||||
Pacific Biosciences of California, Inc. * | 36,625 | 333,287 | ||||||
PerkinElmer, Inc. | 7,000 | 1,221,220 | ||||||
Sarepta Therapeutics, Inc. * | 13,400 | 1,046,808 | ||||||
Seres Therapeutics, Inc. * | 43,300 | 308,296 | ||||||
STAAR Surgical Co. * | 17,500 | 1,398,425 | ||||||
STERIS, PLC | 6,675 | 1,613,815 | ||||||
Twist Bioscience Corp. * | 8,975 | 443,185 | ||||||
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17,618,567 | ||||||||
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Industrial Services - 5.8% | ||||||||
EMCOR Group, Inc. | 14,200 | 1,599,346 | ||||||
KBR, Inc. | 43,500 | 2,380,755 | ||||||
MYR Group, Inc. * | 8,675 | 815,797 | ||||||
Waste Connections, Inc. | 17,575 | 2,455,228 | ||||||
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7,251,126 | ||||||||
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Non-Energy Minerals - 3.3% | ||||||||
AZEK Co., Inc. * | 24,200 | 601,128 | ||||||
Eagle Materials, Inc. | 10,300 | 1,322,108 | ||||||
MP Materials Corp. * | 13,175 | 755,455 | ||||||
Trex Co., Inc. * | 20,825 | 1,360,497 | ||||||
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4,039,188 | ||||||||
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Process Industries - 3.9% | ||||||||
Avient Corp. | 13,200 | 633,600 | ||||||
Olin Corp. | 48,175 | 2,518,589 | ||||||
Scotts Miracle-Gro Co. | 9,300 | 1,143,528 | ||||||
Vital Farms, Inc. * | 41,675 | 515,103 | ||||||
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4,810,820 | ||||||||
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Producer Manufacturing - 8.6% | ||||||||
Applied Industrial Technologies, Inc. | 7,000 | 718,620 | ||||||
AZZ, Inc. | 22,575 | 1,089,018 | ||||||
Belden, Inc. | 20,275 | 1,123,235 | ||||||
Carlisle Cos, Inc. | 2,200 | 541,024 | ||||||
Crane Co. | 19,075 | 2,065,441 | ||||||
Donaldson Co., Inc. | 20,850 | 1,082,740 | ||||||
Hubbell, Inc. | 6,400 | 1,176,128 | ||||||
Lincoln Electric Holdings, Inc. | 8,900 | 1,226,509 | ||||||
Regal Rexnord Corp. | 6,755 | 1,005,009 | ||||||
Zurn Water Solutions Corp. | 19,325 | 684,105 | ||||||
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10,711,829 | ||||||||
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Retail Trade - 3.1% | ||||||||
Boot Barn Holdings, Inc. * | 12,500 | 1,184,875 | ||||||
Casey’s General Stores, Inc. | 4,300 | 852,131 | ||||||
Ulta Beauty, Inc. * | 3,050 | 1,214,571 | ||||||
Urban Outfitters, Inc. * | 24,400 | 612,684 | ||||||
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3,864,261 | ||||||||
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Technology Services - 13.7% | ||||||||
Altair Engineering, Inc. * | 29,983 | 1,930,905 | ||||||
ANSYS, Inc. * | 2,950 | 937,067 |
MARCH 31, 2022 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
Sit Small Cap Growth Fund (Continued)
Name of Issuer | Quantity | Fair Value ($) | ||||||
Aspen Technology, Inc. * | 12,575 | 2,079,528 | ||||||
Euronet Worldwide, Inc. * | 12,050 | 1,568,307 | ||||||
Globant SA * | 11,350 | 2,974,494 | ||||||
GoDaddy, Inc. * | 15,025 | 1,257,593 | ||||||
HubSpot, Inc. * | 3,600 | 1,709,784 | ||||||
nCino, Inc. * | 10,775 | 441,560 | ||||||
Paycom Software, Inc. * | 6,225 | 2,156,216 | ||||||
PTC, Inc. * | 17,600 | 1,895,872 | ||||||
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16,951,326 | ||||||||
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Transportation - 4.8% | ||||||||
Alaska Air Group, Inc. * | 11,500 | 667,115 | ||||||
Knight-Swift Transportation Holdings, Inc. | 31,125 | 1,570,567 | ||||||
Marten Transport, Ltd. | 72,075 | 1,280,052 | ||||||
TFI International, Inc. | 22,925 | 2,441,742 | ||||||
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5,959,476 | ||||||||
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Utilities - 0.8% | ||||||||
Spire, Inc. | 14,675 | 1,053,078 | ||||||
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Total Common Stocks | 122,595,958 | |||||||
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Short-Term Securities - 1.3% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.12% | 1,581,311 | 1,581,311 | ||||||
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Total Investments in Securities - 100.0% | 124,177,269 | |||||||
Other Assets and Liabilities, net - (0.0)% | (55,284 | ) | ||||||
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Total Net Assets - 100.0% | $124,121,985 | |||||||
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* | Non-income producing security. |
PLC — Public Limited Company |
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of March 31, 2022 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted Prices ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant unobservable inputs ($) | Total ($) | |||||||||||||
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Common Stocks** | 122,595,958 | — | — | 122,595,958 | ||||||||||||
Short-Term Securities | 1,581,311 | — | — | 1,581,311 | ||||||||||||
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Total: | 124,177,269 | — | — | 124,177,269 | ||||||||||||
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** | 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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