SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Sit Small Cap Growth Fund
Investments are grouped by economic sectors.
Name of Issuer | Quantity | Fair Value ($) | ||||||
Common Stocks - 98.4% | ||||||||
Commercial Services - 6.0% | ||||||||
ASGN, Inc. * | 19,450 | 1,757,697 | ||||||
Booz Allen Hamilton Holding Corp. | 20,000 | 1,847,000 | ||||||
Colliers International Group, Inc. | 12,700 | 1,164,082 | ||||||
FTI Consulting, Inc. * | 5,250 | 869,977 | ||||||
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5,638,756 | ||||||||
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Consumer Durables - 3.1% | ||||||||
BRP, Inc. | 8,150 | 501,714 | ||||||
Helen of Troy, Ltd. * | 4,875 | 470,145 | ||||||
Take-Two Interactive Software, Inc. * | 4,075 | 444,175 | ||||||
Thor Industries, Inc. | 11,200 | 783,776 | ||||||
YETI Holdings, Inc. * | 25,325 | 722,269 | ||||||
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2,922,079 | ||||||||
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Consumer Services - 3.1% | ||||||||
Nexstar Media Group, Inc. | 12,725 | 2,123,166 | ||||||
Vail Resorts, Inc. | 3,550 | 765,522 | ||||||
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2,888,688 | ||||||||
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Electronic Technology - 8.7% | ||||||||
Arista Networks, Inc. * | 15,600 | 1,761,084 | ||||||
Ciena Corp. * | 14,150 | 572,084 | ||||||
Coherent Corp. * | 20,075 | 699,614 | ||||||
Entegris, Inc. | 5,249 | 435,772 | ||||||
MKS Instruments, Inc. | 13,400 | 1,107,376 | ||||||
Monolithic Power Systems, Inc. | 5,675 | 2,062,295 | ||||||
Skyworks Solutions, Inc. | 10,800 | 920,916 | ||||||
Stratasys, Ltd. * | 46,175 | 665,382 | ||||||
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8,224,523 | ||||||||
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Energy Minerals - 2.0% | ||||||||
Northern Oil & Gas, Inc. | 9,450 | 259,024 | ||||||
Oasis Petroleum, Inc. | 11,975 | 1,637,821 | ||||||
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1,896,845 | ||||||||
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Finance - 10.3% | ||||||||
Air Lease Corp. | 27,625 | 856,651 | ||||||
American Financial Group, Inc. | 4,800 | 590,064 | ||||||
Artisan Partners Asset Management, Inc. | 31,825 | 857,047 | ||||||
Axis Capital Holdings, Ltd. | 22,975 | 1,129,221 | ||||||
First Republic Bank | 5,200 | 678,860 | ||||||
H&E Equipment Services, Inc. | 53,175 | 1,506,980 | ||||||
Hannon Armstrong Sust. Inf. Cap., Inc. | 25,800 | 772,194 | ||||||
Physicians Realty Trust | 61,600 | 926,464 | ||||||
Stifel Financial Corp. | 11,800 | 612,538 | ||||||
SVB Financial Group * | 2,800 | 940,184 | ||||||
Western Alliance Bancorp | 14,300 | 940,082 | ||||||
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9,810,285 | ||||||||
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Health Services - 4.5% | ||||||||
Addus HomeCare Corp. * | 16,850 | 1,604,794 | ||||||
Encompass Health Corp. | 19,675 | 889,900 | ||||||
Tenet Healthcare Corp. * | 34,900 | 1,800,142 | ||||||
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4,294,836 | ||||||||
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Health Technology - 12.9% | ||||||||
908 Devices, Inc. * | 32,675 | 537,504 | ||||||
Align Technology, Inc. * | 2,150 | 445,286 | ||||||
AtriCure, Inc. * | 23,225 | 908,098 | ||||||
Bio-Techne Corp. | 3,700 | 1,050,800 |
Name of Issuer | Quantity | Fair Value ($) | ||||||
Exact Sciences Corp. * | 12,425 | 403,688 | ||||||
Halozyme Therapeutics, Inc. * | 33,000 | 1,304,820 | ||||||
Inmode, Ltd. * | 32,900 | 957,719 | ||||||
Insulet Corp. * | 3,525 | 808,635 | ||||||
NanoString Technologies, Inc. * | 18,100 | 231,137 | ||||||
PerkinElmer, Inc. | 7,000 | 842,310 | ||||||
Sarepta Therapeutics, Inc. * | 13,400 | 1,481,236 | ||||||
Seres Therapeutics, Inc. * | 122,425 | 785,969 | ||||||
STAAR Surgical Co. * | 17,500 | 1,234,625 | ||||||
STERIS, PLC | 6,675 | 1,109,919 | ||||||
Twist Bioscience Corp. * | 4,800 | 169,152 | ||||||
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12,270,898 | ||||||||
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Industrial Services - 7.0% | ||||||||
EMCOR Group, Inc. | 14,200 | 1,639,816 | ||||||
KBR, Inc. | 43,500 | 1,880,070 | ||||||
MYR Group, Inc. * | 8,675 | 735,033 | ||||||
Waste Connections, Inc. | 17,575 | 2,374,910 | ||||||
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6,629,829 | ||||||||
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Non-Energy Minerals - 3.1% | ||||||||
AZEK Co., Inc. * | 24,200 | 402,204 | ||||||
Eagle Materials, Inc. | 10,300 | 1,103,954 | ||||||
MP Materials Corp. * | 19,100 | 521,430 | ||||||
Trex Co., Inc. * | 20,825 | 915,051 | ||||||
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2,942,639 | ||||||||
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Process Industries - 3.5% | ||||||||
Avient Corp. | 13,200 | 399,960 | ||||||
Cabot Corp. | 3,700 | 236,393 | ||||||
Olin Corp. | 48,175 | 2,065,744 | ||||||
Scotts Miracle-Gro Co. | 3,700 | 158,175 | ||||||
Vital Farms, Inc. * | 41,675 | 498,850 | ||||||
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3,359,122 | ||||||||
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Producer Manufacturing - 9.6% | ||||||||
AZZ, Inc. | 22,575 | 824,213 | ||||||
Belden, Inc. | 20,275 | 1,216,905 | ||||||
Carlisle Cos, Inc. | 2,200 | 616,902 | ||||||
Crane Holdings Co. | 19,075 | 1,669,826 | ||||||
Donaldson Co., Inc. | 20,850 | 1,021,858 | ||||||
Hubbell, Inc. | 6,400 | 1,427,200 | ||||||
Lincoln Electric Holdings, Inc. | 7,100 | 892,612 | ||||||
Regal Rexnord Corp. | 6,755 | 948,132 | ||||||
Zurn Water Solutions Corp. | 19,325 | 473,463 | ||||||
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9,091,111 | ||||||||
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Retail Trade - 3.4% | ||||||||
Boot Barn Holdings, Inc. * | 19,875 | 1,161,893 | ||||||
Casey’s General Stores, Inc. | 4,300 | 870,836 | ||||||
Ulta Beauty, Inc. * | 3,050 | 1,223,629 | ||||||
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3,256,358 | ||||||||
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Technology Services - 14.0% | ||||||||
Altair Engineering, Inc. * | 29,983 | 1,325,848 | ||||||
ANSYS, Inc. * | 2,950 | 654,015 | ||||||
Aspen Technology, Inc. * | 5,281 | 1,257,934 | ||||||
Euronet Worldwide, Inc. * | 12,050 | 912,908 | ||||||
Globant SA * | 11,350 | 2,123,358 | ||||||
GoDaddy, Inc. * | 15,025 | 1,064,972 | ||||||
HubSpot, Inc. * | 3,600 | 972,432 | ||||||
nCino, Inc. * | 25,400 | 866,394 |
SEPTEMBER 30, 2022 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2022
Sit Small Cap Growth Fund (Continued)
Name of Issuer | Quantity | Fair Value ($) | ||||||
Paycom Software, Inc. * | 6,225 | 2,054,188 | ||||||
PTC, Inc. * | 17,600 | 1,840,960 | ||||||
Science Applications International Corp. | 2,700 | 238,761 | ||||||
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13,311,770 | ||||||||
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Transportation - 6.7% | ||||||||
Alaska Air Group, Inc. * | 11,500 | 450,225 | ||||||
Golar LNG, Ltd. * | 68,100 | 1,697,052 | ||||||
Knight-Swift Transportation Holdings, Inc. | 26,650 | 1,303,984 | ||||||
Marten Transport, Ltd. | 57,175 | 1,095,473 | ||||||
TFI International, Inc. | 20,025 | 1,811,862 | ||||||
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6,358,596 | ||||||||
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Utilities - 0.5% | ||||||||
Spire, Inc. | 7,100 | 442,543 | ||||||
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Total Common Stocks | 93,338,878 | |||||||
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Short-Term Securities - 1.7% | ||||||||
Fidelity Inst. Money Mkt. Gvt. Fund, 2.74% | 1,618,205 | 1,618,205 | ||||||
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Total Investments in Securities - 100.1% | 94,957,083 | |||||||
Other Assets and Liabilities, net - (0.1)% | (65,706 | ) | ||||||
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Net Assets - 100.0% | $94,891,377 | |||||||
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* | Non-income producing security. |
PLC — Public Limited Company |
Numeric footnotes not disclosed are not applicable to this Schedule of Investments.
A summary of the levels for the Fund’s investments as of September 30, 2022 is as follows:
Investment in Securities | ||||||||||||||||
Level 1 Quoted Prices ($) | Level 2 Other significant observable inputs ($) | Level 3 Significant | Total ($) | |||||||||||||
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Common Stocks** | 93,338,878 | — | — | 93,338,878 | ||||||||||||
Short-Term Securities | 1,618,205 | — | — | 1,618,205 | ||||||||||||
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Total: | 94,957,083 | — | — | 94,957,083 | ||||||||||||
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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.
2 |