Sit Balanced Fund (SIBAX) NPORT-P Sit Small Cap Growth Fund (Mar 2024 report)

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Sit Small Cap Growth Fund

Investments are grouped by economic sectors.

Name of Issuer	Quantity		Fair Value ($)
Common Stocks - 97.5%
Commercial Services - 5.0%
ASGN, Inc. *		17,500		1,833,300
Booz Allen Hamilton Holding Corp.		13,150		1,951,986
Colliers International Group, Inc.		11,050		1,350,641
FTI Consulting, Inc. *		3,075		646,642
				5,782,569
Consumer Durables - 1.8%
Century Communities, Inc.		8,850		854,025
Take-Two Interactive Software, Inc. *		4,075		605,097
YETI Holdings, Inc. *		15,850		611,017
				2,070,139
Consumer Non-Durables - 1.0%
Crocs, Inc. *		8,125		1,168,375
Consumer Services - 1.9%
Nexstar Media Group, Inc.		8,475		1,460,158
Vail Resorts, Inc.		3,550		791,046
				2,251,204
Electronic Technology - 10.3%
Arista Networks, Inc. *		12,225		3,545,005
Ciena Corp. *		14,150		699,717
Coherent Corp. *		20,075		1,216,947
Entegris, Inc.		5,249		737,694
MKS Instruments, Inc.		13,400		1,782,200
Monolithic Power Systems, Inc.		5,025		3,404,036
Stratasys, Ltd. *		46,175		536,554
				11,922,153
Energy Minerals - 4.6%
Northern Oil & Gas, Inc.		65,575		2,602,016
Oasis Petroleum, Inc.		15,100		2,691,424
				5,293,440
Finance - 6.1%
Air Lease Corp.		33,325		1,714,238
Artisan Partners Asset Management, Inc.		25,750		1,178,578
Axis Capital Holdings, Ltd.		26,600		1,729,532
H&E Equipment Services, Inc.		23,750		1,524,275
Stifel Financial Corp.		11,800		922,406
				7,069,029
Health Services - 4.8%
Addus HomeCare Corp. *		18,550		1,916,957
Encompass Health Corp.		19,675		1,624,761
Tenet Healthcare Corp. *		19,050		2,002,346
				5,544,064
Health Technology - 10.0%
Align Technology, Inc. *		2,150		705,028
AtriCure, Inc. *		29,825		907,276
Bio-Techne Corp.		14,800		1,041,772
Establishment Labs Holdings, Inc. *		4,525		230,323
Exact Sciences Corp. *		12,425		858,070
Inspire Medical Systems, Inc. *		2,275		488,647
Insulet Corp. *		3,525		604,185
Intellia Therapeutics, Inc. *		20,750		570,833
Lantheus Holdings, Inc. *		28,075		1,747,388
Sarepta Therapeutics, Inc. *		9,450		1,223,397

Name of Issuer	Quantity		Fair Value ($)
Seres Therapeutics, Inc. *		206,150		159,581
STERIS, PLC		6,675		1,500,673
Supernus Pharmaceuticals, Inc. *		22,125		754,684
Vericel Corp. *		16,600		863,532
				11,655,389
Industrial Services - 9.7%
EMCOR Group, Inc.		8,600		3,011,720
KBR, Inc.		38,450		2,447,727
MYR Group, Inc. *		8,675		1,533,306
TechnipFMC, PLC		73,550		1,846,841
Waste Connections, Inc.		14,025		2,412,440
				11,252,034
Non-Energy Minerals - 5.7%
AZEK Co., Inc. *		24,200		1,215,324
Eagle Materials, Inc.		10,300		2,799,025
MP Materials Corp. *		33,350		476,905
Trex Co., Inc. *		20,825		2,077,294
				6,568,548
Process Industries - 3.1%
Avient Corp.		13,200		572,880
Cabot Corp.		7,700		709,940
Olin Corp.		40,475		2,379,930
				3,662,750
Producer Manufacturing - 12.6%
AeroVironment, Inc. *		8,900		1,364,192
AZZ, Inc.		22,575		1,745,273
Belden, Inc.		13,600		1,259,496
Carlisle Cos., Inc.		2,200		862,070
Crane Co.		16,050		2,168,837
Crane NXT Co.		19,075		1,180,742
Donaldson Co., Inc.		13,575		1,013,781
Hubbell, Inc.		4,375		1,815,844
Lincoln Electric Holdings, Inc.		5,400		1,379,376
Regal Rexnord Corp.		6,755		1,216,575
Zurn Water Solutions Corp.		19,325		646,808
				14,652,994
Retail Trade - 3.7%
Boot Barn Holdings, Inc. *		13,800		1,313,070
Casey's General Stores, Inc.		4,300		1,369,335
Ulta Beauty, Inc. *		3,050		1,594,784
				4,277,189
Technology Services - 12.0%
Altair Engineering, Inc. *		25,933		2,234,128
ANSYS, Inc. *		2,950		1,024,122
Aspen Technology, Inc. *		5,281		1,126,332
Euronet Worldwide, Inc. *		5,050		555,146
Globant SA *		11,350		2,291,565
HubSpot, Inc. *		3,175		1,989,328
nCino, Inc. *		15,975		597,146
Paycom Software, Inc.		6,225		1,238,837
PTC, Inc. *		15,375		2,904,953
				13,961,557
Transportation - 4.8%
Alaska Air Group, Inc. *		17,675		759,848
Golar LNG, Ltd.		48,350		1,163,301

MARCH 31, 2024 1

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Sit Small Cap Growth Fund (Continued)

Name of Issuer	Quantity		Fair Value ($)
Knight-Swift Transportation Holdings, Inc.		18,725		1,030,249
TFI International, Inc.		16,525		2,635,077
				5,588,475
Utilities - 0.4%
Chesapeake Utilities Corp.		4,925		528,453
Total Common Stocks (cost: $58,620,380)				113,248,362
Short-Term Securities - 2.9%
Fidelity Inst. Money Mkt. Gvt. Fund, 5.25% (cost $3,327,706)		3,327,706		3,327,706
Total Investments in Securities - 100.4% (cost $61,948,086)				116,576,068
Other Assets and Liabilities, net - (0.4)%				(516,122	)
Net Assets - 100.0%			$	116,059,946

*   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, 2024 is as follows:

	Investment in Securities
	Level 1 Quoted Prices ($)		Level 2 Other significant observable inputs ($)		Level 3 Significant unobservable inputs ($)		Total ($)
Common Stocks**		113,248,362		—		—		113,248,362
Short-Term Securities		3,327,706		—		—		3,327,706
Total:		116,576,068		—		—		116,576,068

** 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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