SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
Sit Large Cap Growth Fund
Investments are grouped by economic sectors.
Name of Issuer | Quantity | Fair Value ($) | ||||||
Common Stocks - 99.6% | ||||||||
Communications - 2.3% | ||||||||
American Tower Corp. | 8,100 | 1,958,013 | ||||||
Verizon Communications, Inc. | 20,925 | 1,244,828 | ||||||
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3,202,841 | ||||||||
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Consumer Durables - 1.2% | ||||||||
YETI Holdings, Inc. * | 36,425 | 1,650,781 | ||||||
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Consumer Non-Durables - 5.0% | ||||||||
Constellation Brands, Inc. | 7,425 | 1,407,112 | ||||||
Estee Lauder Cos., Inc. - Class A | 9,800 | 2,138,850 | ||||||
Mondelez International, Inc. | 17,900 | 1,028,355 | ||||||
NIKE, Inc. | 5,125 | 643,392 | ||||||
PepsiCo, Inc. | 13,125 | 1,819,125 | ||||||
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7,036,834 | ||||||||
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Consumer Services - 5.6% | ||||||||
McDonald’s Corp. | 6,650 | 1,459,608 | ||||||
Starbucks Corp. | 19,775 | 1,699,068 | ||||||
Visa, Inc. | 23,525 | 4,704,294 | ||||||
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7,862,970 | ||||||||
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Electronic Technology - 17.8% | ||||||||
Advanced Micro Devices, Inc. * | 11,875 | 973,631 | ||||||
Apple, Inc. | 132,300 | 15,321,663 | ||||||
Applied Materials, Inc. | 38,900 | 2,312,605 | ||||||
Broadcom, Inc. | 7,800 | 2,841,696 | ||||||
Ciena Corp. * | 22,200 | 881,118 | ||||||
Keysight Technologies, Inc. * | 7,875 | 777,892 | ||||||
NVIDIA Corp. | 3,875 | 2,097,228 | ||||||
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25,205,833 | ||||||||
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Finance - 3.2% | ||||||||
Aon, PLC | 5,975 | 1,232,642 | ||||||
Chubb, Ltd. | 5,050 | 586,406 | ||||||
Goldman Sachs Group, Inc. | 5,150 | 1,034,996 | ||||||
JPMorgan Chase & Co. | 4,900 | 471,723 | ||||||
T Rowe Price Group, Inc. | 9,725 | 1,246,940 | ||||||
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4,572,707 | ||||||||
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Health Services - 2.7% | ||||||||
HCA Healthcare, Inc. | 2,200 | 274,296 | ||||||
UnitedHealth Group, Inc. | 11,575 | 3,608,738 | ||||||
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3,883,034 | ||||||||
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Health Technology - 9.0% | ||||||||
Abbott Laboratories | 15,500 | 1,686,865 | ||||||
AbbVie, Inc. | 8,050 | 705,100 | ||||||
Boston Scientific Corp. * | 26,975 | 1,030,715 | ||||||
Bristol-Myers Squibb Co. | 5,675 | 342,146 | ||||||
DexCom, Inc. * | 4,050 | 1,669,532 | ||||||
Illumina, Inc. * | 1,800 | 556,344 | ||||||
Intuitive Surgical, Inc. * | 2,800 | 1,986,712 |
Name of Issuer | Quantity | Fair Value ($) | ||||||
Johnson & Johnson | 9,400 | 1,399,472 | ||||||
Medtronic, PLC | 9,700 | 1,008,024 | ||||||
Thermo Fisher Scientific, Inc. | 5,250 | 2,317,980 | ||||||
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12,702,890 | ||||||||
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Process Industries - 2.6% | ||||||||
Ecolab, Inc. | 7,125 | 1,423,860 | ||||||
Sherwin-Williams Co. | 3,150 | 2,194,731 | ||||||
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3,618,591 | ||||||||
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Producer Manufacturing - 3.9% | ||||||||
3M Co. | 3,900 | 624,702 | ||||||
Honeywell International, Inc. | 8,425 | 1,386,839 | ||||||
L3Harris Technologies, Inc. | 6,550 | 1,112,452 | ||||||
Northrop Grumman Corp. | 2,700 | 851,823 | ||||||
Otis Worldwide Corp. | 7,450 | 465,029 | ||||||
Trane Technologies, PLC | 8,900 | 1,079,125 | ||||||
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5,519,970 | ||||||||
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Retail Trade - 9.6% | ||||||||
Amazon.com, Inc. * | 3,150 | 9,918,500 | ||||||
Home Depot, Inc. | 8,425 | 2,339,707 | ||||||
TJX Cos., Inc. | 22,700 | 1,263,255 | ||||||
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13,521,462 | ||||||||
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Technology Services - 34.1% | ||||||||
Accenture, PLC | 10,200 | 2,305,098 | ||||||
Adobe, Inc. * | 6,725 | 3,298,142 | ||||||
Alphabet, Inc. - Class A * | 625 | 916,000 | ||||||
Alphabet, Inc. - Class C * | 4,385 | 6,444,196 | ||||||
Atlassian Corp., PLC * | 10,375 | 1,886,071 | ||||||
Autodesk, Inc. * | 6,900 | 1,593,969 | ||||||
Dynatrace, Inc. * | 12,550 | 514,801 | ||||||
Facebook, Inc. * | 21,250 | 5,565,375 | ||||||
Intuit, Inc. | 6,100 | 1,989,881 | ||||||
Microsoft Corp. | 58,900 | 12,388,437 | ||||||
Paycom Software, Inc. * | 2,500 | 778,250 | ||||||
PayPal Holdings, Inc. * | 19,300 | 3,802,679 | ||||||
salesforce.com, Inc. * | 16,525 | 4,153,063 | ||||||
ServiceNow, Inc. * | 2,275 | 1,103,375 | ||||||
Splunk, Inc. * | 8,100 | 1,523,853 | ||||||
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48,263,190 | ||||||||
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Transportation - 2.0% | ||||||||
FedEx Corp. | 3,300 | 830,016 | ||||||
Union Pacific Corp. | 10,150 | 1,998,230 | ||||||
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2,828,246 | ||||||||
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Utilities - 0.6% | ||||||||
NextEra Energy, Inc. | 3,275 | 909,009 | ||||||
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Total Common Stocks | 140,778,358 | |||||||
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SEPTEMBER 30, 2020 |
1 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
Sit Large Cap Growth Fund (Continued)
Name of Issuer | Quantity | Fair Value ($) | ||||||
Short-Term Securities - 0.5% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 0.01% | 694,297 | 694,297 | ||||||
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(cost: $694,297) | ||||||||
Total Investments in Securities - 100.1% | 141,472,655 | |||||||
Other Assets and Liabilities, net - (0.1%) | (103,230 | ) | ||||||
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Total Net Assets - 100.0% | $ | 141,369,425 | ||||||
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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 September 30, 2020 is as follows:
Investment in Securities | ||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||
Quoted Price ($) | Other significant observable inputs ($) | Significant unobservable inputs ($) | Total ($) | |||||||||
Common Stocks ** | 140,778,358 | — | — | 140,778,358 | ||||||||
Short-Term Securities | 694,297 | — | — | 694,297 | ||||||||
Total: | 141,472,655 | — | — | 141,472,655 |
** 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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