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 | ||||||
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5,782,569 |
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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 | ||||||
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2,070,139 |
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Consumer Non-Durables - 1.0% | ||||||||
Crocs, Inc. * | 8,125 | 1,168,375 | ||||||
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Consumer Services - 1.9% | ||||||||
Nexstar Media Group, Inc. | 8,475 | 1,460,158 | ||||||
Vail Resorts, Inc. | 3,550 | 791,046 | ||||||
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2,251,204 |
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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 | ||||||
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11,922,153 |
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Energy Minerals - 4.6% | ||||||||
Northern Oil & Gas, Inc. | 65,575 | 2,602,016 | ||||||
Oasis Petroleum, Inc. | 15,100 | 2,691,424 | ||||||
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5,293,440 |
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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 | ||||||
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7,069,029 |
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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 | ||||||
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5,544,064 |
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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 | ||||||
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11,655,389 |
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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 | ||||||
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11,252,034 |
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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 | ||||||
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6,568,548 |
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Process Industries - 3.1% | ||||||||
Avient Corp. | 13,200 | 572,880 | ||||||
Cabot Corp. | 7,700 | 709,940 | ||||||
Olin Corp. | 40,475 | 2,379,930 | ||||||
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3,662,750 |
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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 | ||||||
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14,652,994 |
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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 | ||||||
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4,277,189 |
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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 | ||||||
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13,961,557 |
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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 | ||||||
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5,588,475 |
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Utilities - 0.4% | ||||||||
Chesapeake Utilities Corp. | 4,925 | 528,453 | ||||||
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Total Common Stocks | 113,248,362 | |||||||
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Short-Term Securities - 2.9% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 5.25% | 3,327,706 | 3,327,706 | ||||||
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| |||||||
Total Investments in Securities - 100.4% | 116,576,068 | |||||||
Other Assets and Liabilities, net - (0.4)% | (516,122 | ) | ||||||
|
| |||||||
Net Assets - 100.0% | $ | 116,059,946 | ||||||
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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, 2024 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted | Level 2 Other significant | Level 3 Significant | 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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