NPORT-EX 2 SI13SIT093021.htm HTML
    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2021

 

Sit Small Cap Growth Fund

Investments are grouped by economic sectors.

 

 

  
Name of Issuer       Quantity           Fair Value ($)  

 

  

Common Stocks - 99.0%

    

Commercial Services - 5.7%

    

ASGN, Inc. *

     22,375       2,531,508  

Booz Allen Hamilton Holding Corp.

     20,000       1,587,000  

Colliers International Group, Inc.

     12,700       1,621,917  

FTI Consulting, Inc. *

     6,850       922,695  

World Fuel Services Corp.

     39,550       1,329,671  
   

 

 

  
      7,992,791  
   

 

 

  

Consumer Durables - 5.0%

    

BRP, Inc.

     8,150       755,342  

Helen of Troy, Ltd. *

     4,875       1,095,315  

Johnson Outdoors, Inc.

     3,510       371,358  

Take-Two Interactive Software, Inc. *

     6,350       978,344  

Thor Industries, Inc.

     11,200       1,374,912  

YETI Holdings, Inc. *

     28,325       2,427,169  
   

 

 

  
      7,002,440  
   

 

 

  

Consumer Non-Durables - 0.2%

    

Wolverine World Wide, Inc.

     11,000       328,240  
   

 

 

  

Consumer Services - 3.6%

    

Chegg, Inc. *

     20,800       1,414,816  

Nexstar Media Group, Inc.

     13,825       2,100,847  

Vail Resorts, Inc. *

     4,600       1,536,630  
   

 

 

  
      5,052,293  
   

 

 

  

Electronic Technology - 9.7%

    

Arista Networks, Inc. *

     5,825       2,001,703  

Ciena Corp. *

     14,150       726,602  

CMC Materials, Inc.

     11,650       1,435,630  

CommScope Holding Co., Inc. *

     64,850       881,312  

II-VI, Inc. *

     20,075       1,191,652  

MKS Instruments, Inc.

     14,650       2,210,831  

Monolithic Power Systems, Inc.

     6,300       3,053,484  

Skyworks Solutions, Inc.

     12,200       2,010,316  
   

 

 

  
      13,511,530  
   

 

 

  

Finance - 10.5%

    

Air Lease Corp.

     27,625       1,086,767  

American Financial Group, Inc.

     4,800       603,984  

Artisan Partners Asset Management, Inc.

     31,825       1,556,879  

Axis Capital Holdings, Ltd.

     22,975       1,057,769  

First Republic Bank

     5,200       1,002,976  

H&E Equipment Services, Inc.

     53,175       1,845,704  

Hannon Armstrong Sust. Inf. Cap., Inc.

     22,100       1,181,908  

Physicians Realty Trust

     61,600       1,085,392  

PROG Holdings, Inc.

     35,800       1,503,958  

SiriusPoint, Ltd. *

     35,425       328,036  

SVB Financial Group *

     2,800       1,811,264  

    

    

 

 

 

Name of Issuer       Quantity           Fair Value ($)  

 

  

Western Alliance Bancorp

     14,300       1,556,126  
   

 

 

  
      14,620,763  
   

 

 

  

Health Services - 4.7%

    

Addus HomeCare Corp. *

     16,850       1,343,787  

Encompass Health Corp.

     19,675       1,476,412  

Teladoc Health, Inc. *

     8,575       1,087,396  

Tenet Healthcare Corp. *

     40,100       2,664,244  
   

 

 

  
      6,571,839  
   

 

 

  

Health Technology - 15.7%

    

908 Devices, Inc. *

     7,400       240,648  

Align Technology, Inc. *

     2,550       1,696,846  

AtriCure, Inc. *

     23,225       1,615,299  

Bio-Techne Corp.

     4,800       2,325,936  

Exact Sciences Corp. *

     15,700       1,498,565  

ICU Medical, Inc. *

     6,875       1,604,488  

Insulet Corp. *

     3,525       1,001,911  

LeMaitre Vascular, Inc.

     10,475       556,118  

NanoString Technologies, Inc. *

     25,125       1,206,251  

Pacific Biosciences of California, Inc. *

     69,475       1,775,086  

PerkinElmer, Inc.

     8,400       1,455,636  

Sarepta Therapeutics, Inc. *

     13,400       1,239,232  

Seres Therapeutics, Inc. *

     43,300       301,368  

STAAR Surgical Co. *

     22,550       2,898,352  

STERIS, PLC

     8,300       1,695,524  

Vanda Pharmaceuticals, Inc. *

     47,825       819,720  
   

 

 

  
      21,930,980  
   

 

 

  

Industrial Services - 4.9%

    

EMCOR Group, Inc.

     14,200       1,638,396  

KBR, Inc.

     43,500       1,713,900  

MYR Group, Inc. *

     13,150       1,308,425  

Waste Connections, Inc.

     17,575       2,213,220  
   

 

 

  
      6,873,941  
   

 

 

  

Non-Energy Minerals - 3.8%

    

AZEK Co., Inc. *

     24,200       884,026  

Eagle Materials, Inc.

     10,300       1,350,948  

Trex Co., Inc. *

     29,875       3,045,159  
   

 

 

  
      5,280,133  
   

 

 

  

Process Industries - 3.4%

    

Olin Corp.

     52,750       2,545,187  

Scotts Miracle-Gro Co.

     10,275       1,503,849  

Vital Farms, Inc. *

     41,675       732,230  
   

 

 

  
      4,781,266  
   

 

 

  

Producer Manufacturing - 8.0%

    

Applied Industrial Technologies, Inc.

     7,000       630,910  
 

 

   
SEPTEMBER 30, 2021    1

    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2021

Sit Small Cap Growth Fund (Continued)

 

 

  
Name of Issuer       Quantity           Fair Value ($)  

 

  

AZZ, Inc.

     17,025       905,730  

Belden, Inc.

     20,275       1,181,221  

Carlisle Cos, Inc.

     2,200       437,338  

Crane Co.

     19,075       1,808,501  

Hubbell, Inc.

     6,400       1,156,288  

Hydrofarm Holdings Group, Inc. *

     5,500       208,175  

Lincoln Electric Holdings, Inc.

     8,900       1,146,231  

MSA Safety, Inc.

     8,800       1,282,160  

Rexnord Corp.

     30,300       1,947,987  

TPI Composites, Inc. *

     16,250       548,438  
   

 

 

  
      11,252,979  
   

 

 

  

Retail Trade - 2.4%

    

Boot Barn Holdings, Inc. *

     7,725       686,521  

Casey’s General Stores, Inc.

     4,300       810,335  

Ulta Beauty, Inc. *

     3,050       1,100,806  

Urban Outfitters, Inc. *

     24,400       724,436  
   

 

 

  
      3,322,098  
   

 

 

  

Technology Services - 15.9%

    

Altair Engineering, Inc. *

     29,983       2,067,028  

ANSYS, Inc. *

     2,950       1,004,327  

Aspen Technology, Inc. *

     12,575       1,544,210  

Euronet Worldwide, Inc. *

     16,600       2,112,848  

Globant SA *

     12,450       3,498,574  

GoDaddy, Inc. *

     15,025       1,047,243  

HubSpot, Inc. *

     4,700       3,177,623  

nCino, Inc. *

     10,775       765,348  

Paycom Software, Inc. *

     7,250       3,594,188  

PTC, Inc. *

     17,600       2,108,304  

Science Applications International Corp.

     14,800       1,266,288  
   

 

 

  
      22,185,981  
   

 

 

  

Transportation - 4.5%

    

Alaska Air Group, Inc. *

     11,500       673,900  

Knight-Swift Transportation Holdings, Inc.

     41,825       2,139,349  

Marten Transport, Ltd.

     72,075       1,130,857  

TFI International, Inc.

     22,925       2,342,476  
   

 

 

  
      6,286,582  
   

 

 

  

Utilities - 1.0%

    

Fortis, Inc.

     12,107       536,703  

Spire, Inc.

     14,675       897,817  
   

 

 

  
      1,434,520  
   

 

 

  

Total Common Stocks
(cost: $73,845,987)

       138,428,376  
   

 

 

  

 

  
Name of Issuer       Quantity           Fair Value ($)  

 

  

Short-Term Securities - 1.3%

    

Fidelity Inst. Money Mkt. Gvt. Fund, 0.01%
(cost $1,863,731)

     1,863,731       1,863,731  
   

 

 

  

Total Investments in Securities - 100.3%
(cost $75,709,718)

 

     140,292,107  

Other Assets and Liabilities, net - (0.3)%

 

     (412,156 ) 
   

 

 

  

Total Net Assets - 100.0%

       $139,879,951  
   

 

 

  

 

*

Non-income producing security.

 

PLC — Public Limited Company

Numeric footnotes not disclosed are not applicable to this Schedule of Investments.

 

 

   
2   

    

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2021

Sit Small Cap Growth Fund (Continued)

 

A summary of the levels for the Fund’s investments as of September 30, 2021 is as follows:

 

     Investment in Securities  
    

Level 1

Quoted
        Prices ($)        

      Level 2 Other
significant
  observable inputs ($)  		     

Level 3

Significant
    unobservable inputs ($)    

              Total ($)          
  

 

 

  

Common Stocks**

      138,428,376        —                  —                  138,428,376    

Short-Term Securities

      1,863,731        —                  —                  1,863,731    
  

 

 

  

Total:

      140,292,107        —                  —                  140,292,107    
  

 

 

  

 

**

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.

 

   
SEPTEMBER 30, 2021    3