0001752724-23-260082.txt : 20231121 0001752724-23-260082.hdr.sgml : 20231121 20231121114908 ACCESSION NUMBER: 0001752724-23-260082 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230929 FILED AS OF DATE: 20231121 DATE AS OF CHANGE: 20231121 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIT MUTUAL FUNDS INC CENTRAL INDEX KEY: 0000877880 IRS NUMBER: 000000000 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06373 FILM NUMBER: 231425581 BUSINESS ADDRESS: STREET 1: 3300 IDS CTR, 80 SOUTH 8TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4130 BUSINESS PHONE: 612-332-3223 MAIL ADDRESS: STREET 1: 3300 IDS CTR, 80 SOUTH 8TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4130 FORMER COMPANY: FORMER CONFORMED NAME: SIT NEW BEGINNING MUTUAL FUNDS INC DATE OF NAME CHANGE: 19920929 0000877880 S000054182 Sit ESG Growth Fund C000170242 Sit ESG Growth Fund - Class I IESGX C000170243 Sit ESG Growth Fund - Class S SESGX NPORT-P 1 primary_doc.xml NPORT-P false 0000877880 XXXXXXXX S000054182 C000170242 C000170243 SIT MUTUAL FUNDS INC 811-06373 0000877880 254900G3NOOZ0B3T2Q46 80 S. Eighth Street Suite 3300 Minneapolis 55402 612-332-3223 Sit ESG Growth Fund S000054182 549300JBIL8MOQCSWI92 2024-06-30 2023-09-29 N 8813925.51 75951.53 8737973.98 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Ecolab Inc 82DYEISM090VG8LTLS26 Ecolab Inc 278865100 325.00000000 NS USD 55055.00000000 0.630065964101 Long EC CORP US N 1 N N N FedEx Corp 549300E707U7WNPZN687 FedEx Corp 31428X106 375.00000000 NS USD 99345.00000000 1.136934033305 Long EC CORP US N 1 N N N Rentokil Initial PLC 549300VN4WV7Z6T14K68 Rentokil Initial PLC 760125104 2375.00000000 NS USD 87993.75000000 1.007026917239 Long EC CORP GB N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 1175.00000000 NS USD 183006.25000000 2.094378518623 Long EC CORP US N 1 N N N Lockheed Martin Corp DPRBOZP0K5RM2YE8UU08 Lockheed Martin Corp 539830109 275.00000000 NS USD 112464.00000000 1.287071811582 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet Inc 02079K305 2500.00000000 NS USD 327150.00000000 3.744002909013 Long EC CORP US N 1 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 641069406 1200.00000000 NS USD 135804.00000000 1.554181785283 Long EC CORP CH N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 2000.00000000 NS USD 631500.00000000 7.227075766595 Long EC CORP US N 1 N N N Starbucks Corp OQSJ1DU9TAOC51A47K68 Starbucks Corp 855244109 1000.00000000 NS USD 91270.00000000 1.044521306757 Long EC CORP US N 1 N N N TJX Cos Inc/The V167QI9I69W364E2DY52 TJX Cos Inc/The 872540109 1380.00000000 NS USD 122654.40000000 1.403693811411 Long EC CORP US N 1 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC 000000000 1200.00000000 NS USD 65676.00000000 0.751615879725 Long EC CORP IE N 1 N N N NIKE Inc 787RXPR0UX0O0XUXPZ81 NIKE Inc 654106103 850.00000000 NS USD 81277.00000000 0.930158411847 Long EC CORP US N 1 N N N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA 000000000 1550.00000000 NS USD 106857.00000000 1.222903618671 Long EC CORP CH N 1 N N N Allianz SE 529900K9B0N5BT694847 Allianz SE 018820100 8800.00000000 NS USD 209264.00000000 2.394880100112 Long EC CORP DE N 1 N N N ST Engineering 254900OEXGGWCR24DG90 Singapore Technologies Engineering Ltd 000000000 37400.00000000 NS 106974.40000000 1.224247179550 Long EC CORP SG N 1 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 3625.00000000 NS USD 245485.00000000 2.809404108571 Long EC CORP GB N 1 N N N Visa Inc 549300JZ4OKEHW3DPJ59 Visa Inc 92826C839 475.00000000 NS USD 109254.75000000 1.250344190198 Long EC CORP US N 1 N N N AES Corp/The 2NUNNB7D43COUIRE5295 AES Corp/The 00130H105 3025.00000000 NS USD 45980.00000000 0.526208937051 Long EC CORP US N 1 N N N Salesforce Inc RCGZFPDMRW58VJ54VR07 Salesforce Inc 79466L302 850.00000000 NS USD 172363.00000000 1.972573967312 Long EC CORP US N 1 N N N Munich Re 529900MUF4C20K50JS49 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 000000000 275.00000000 NS 107313.52000000 1.228128170736 Long EC CORP DE N 1 N N N Apple Inc HWUPKR0MPOU8FGXBT394 Apple Inc 037833100 3600.00000000 NS USD 616356.00000000 7.053763279803 Long EC CORP US N 1 N N N PepsiCo Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo Inc 713448108 875.00000000 NS USD 148260.00000000 1.696731992328 Long EC CORP US N 1 N N N Infineon Technologies AG TSI2PJM6EPETEQ4X1U25 Infineon Technologies AG 000000000 1225.00000000 NS 40608.84000000 0.464739767970 Long EC CORP DE N 1 N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38141G104 600.00000000 NS USD 194142.00000000 2.221819387930 Long EC CORP US N 1 N N N Home Depot Inc/The QEKMOTMBBKA8I816DO57 Home Depot Inc/The 437076102 745.00000000 NS USD 225109.20000000 2.576217330415 Long EC CORP US N 1 N N N Diageo PLC 213800ZVIELEA55JMJ32 Diageo PLC 25243Q205 785.00000000 NS USD 117106.30000000 1.340199687799 Long EC CORP GB N 1 N N N Forvia SE 969500F0VMZLK2IULV85 Forvia SE 000000000 2358.00000000 NS 48887.64000000 0.559484842961 Long EC CORP FR N 1 N N N NVIDIA Corp 549300S4KLFTLO7GSQ80 NVIDIA Corp 67066G104 1000.00000000 NS USD 434990.00000000 4.978156275077 Long EC CORP US N 1 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC 759530108 4700.00000000 NS USD 158390.00000000 1.812662756407 Long EC CORP GB N 1 N N N FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO 549300FQDFZGLUOCWN51 FIDELITY GOVERNMENT PORT-I 316175108 285269.79000000 NS USD 285269.79000000 3.264713200713 Long STIV RF US N 1 N N N UnitedHealth Group Inc 549300GHBMY8T5GXDE41 UnitedHealth Group Inc 91324P102 500.00000000 NS USD 252095.00000000 2.885050934885 Long EC CORP US N 1 N N N Compass Group PLC 2138008M6MH9OZ6U2T68 Compass Group PLC 000000000 3600.00000000 NS 87847.20000000 1.005349755001 Long EC CORP GB N 1 N N N Deutsche Post AG 8ER8GIG7CSMVD8VUFE78 Deutsche Post AG 000000000 1550.00000000 NS 63148.75000000 0.722693271283 Long EC CORP DE N 1 N N N Safran SA 969500UIC89GT3UL7L24 Safran SA 786584102 2750.00000000 NS USD 107635.00000000 1.231807284461 Long EC CORP FR N 1 N N N Adobe Inc FU4LY2G4933NH2E1CP29 Adobe Inc 00724F101 450.00000000 NS USD 229455.00000000 2.625951971534 Long EC CORP US N 1 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA 450737101 4050.00000000 NS USD 181197.00000000 2.073672917941 Long EC CORP ES N 1 N N N Dexcom Inc 549300YSK3QDSFR5EU59 Dexcom Inc 252131107 1080.00000000 NS USD 100764.00000000 1.153173495716 Long EC CORP US N 1 N N N Trane Technologies PLC 549300BURLR9SLYY2705 Trane Technologies PLC 000000000 875.00000000 NS USD 177546.25000000 2.031892637885 Long EC CORP IE N 1 N N N Terumo Corp 353800JX1R4582QVK932 Terumo Corp 000000000 2600.00000000 NS 68949.41000000 0.789077767430 Long EC CORP JP N 1 N N N T Rowe Price Group Inc 549300SIV6FPS9Y7IH33 T Rowe Price Group Inc 74144T108 475.00000000 NS USD 49813.25000000 0.570077801948 Long EC CORP US N 1 N N N Accenture PLC 5493000EWHDSR3MZWH98 Accenture PLC 000000000 750.00000000 NS USD 230332.50000000 2.635994345224 Long EC CORP IE N 1 N N N Medtronic PLC 549300GX3ZBSQWUXY261 Medtronic PLC 000000000 725.00000000 NS USD 56811.00000000 0.650162155781 Long EC CORP IE N 1 N N N Chubb Ltd E0JAN6VLUDI1HITHT809 Chubb Ltd 000000000 250.00000000 NS USD 52045.00000000 0.595618619592 Long EC CORP CH N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG 66987V109 450.00000000 NS USD 45837.00000000 0.524572402079 Long EC CORP CH N 1 N N N BAE Systems PLC 8SVCSVKSGDWMW2QHOH83 BAE Systems PLC 05523R107 3500.00000000 NS USD 173075.00000000 1.980722309269 Long EC CORP GB N 1 N N N Coca-Cola Europacific Partners 549300LTH67W4GWMRF57 Coca-Cola Europacific Partners PLC 000000000 2100.00000000 NS USD 131208.00000000 1.501583780179 Long EC CORP GB N 1 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV 000000000 65.00000000 NS USD 38262.90000000 0.437892125652 Long EC CORP NL N 1 N N N Man Group PLC/Jersey 2549003YWC1DW6LALB09 Man Group PLC/Jersey 000000000 55725.00000000 NS 151957.81000000 1.739050841165 Long EC CORP GB N 1 N N N Cheniere Energy Inc MIHC87W9WTYSYZWV1J40 Cheniere Energy Inc 16411R208 775.00000000 NS USD 128619.00000000 1.471954486181 Long EC CORP US N 1 N N N Recruit Holdings Co Ltd 353800R2LRSMVVC4I806 Recruit Holdings Co Ltd 000000000 3100.00000000 NS 95609.61000000 1.094185107655 Long EC CORP JP N 1 N N N Entain PLC 213800GNI3K45LQR8L28 Entain PLC 000000000 6900.00000000 NS 78529.54000000 0.898715653991 Long EC CORP GB N 1 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 826197501 1775.00000000 NS USD 126823.75000000 1.451409105706 Long EC CORP DE N 1 N N N Broadcom Inc 549300WV6GIDOZJTV909 Broadcom Inc 11135F101 125.00000000 NS USD 103822.50000000 1.188175888800 Long EC CORP US N 1 N N N Keyence Corp 529900M7PQBS7A89DZ11 Keyence Corp 000000000 200.00000000 NS 74277.30000000 0.850051741628 Long EC CORP JP N 1 N N N Sony Group Corp 529900R5WX9N2OI2N910 Sony Group Corp 835699307 1925.00000000 NS USD 158639.25000000 1.815515248307 Long EC CORP JP N 1 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625H100 1075.00000000 NS USD 155896.50000000 1.784126393106 Long EC CORP US N 1 N N N Astellas Pharma Inc 529900IB708DY2HBBB35 Astellas Pharma Inc 000000000 6400.00000000 NS 88822.27000000 1.016508749091 Long EC CORP JP N 1 N N N Williams Cos Inc/The D71FAKCBLFS2O0RBPG08 Williams Cos Inc/The 969457100 900.00000000 NS USD 30321.00000000 0.347002635501 Long EC CORP US N 1 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG 000000000 185.00000000 NS 86017.37000000 0.984408630614 Long EC CORP CH N 1 N N N Smith & Nephew PLC 213800ZTMDN8S67S1H61 Smith & Nephew PLC 000000000 8050.00000000 NS 100477.07000000 1.149889782574 Long EC CORP GB N 1 N N N 2023-11-20 SIT MUTUAL FUNDS INC Paul Rasmussen Paul Rasmussen VP, Treasurer & Chief Compliance Officer XXXX NPORT-EX 2 SI93SIT093023.htm HTML

 

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2023

Sit ESG Growth Fund

Investments are grouped by geographic region.

 

     
Name of Issuer    Quantity      Fair Value ($)  

Common Stocks - 97.3%

      

Asia - 6.8%

     

Japan - 5.6%

     

Astellas Pharma, Inc.

      6,400        88,822  

Keyence Corp.

      200        74,277  

Recruit Holdings Co., Ltd.

      3,100        95,610  

Sony Group Corp., ADR

      1,925        158,639  

Terumo Corp.

      2,600        68,950  
     

 

 

  
     

 

 

 

486,298

 

 

     

 

 

  

Singapore - 1.2%

     

Singapore Technologies Engineering, Ltd.

      37,400        106,974  
     

 

 

  

Europe - 36.7%

     

France - 1.8%

     

Forvia SE *

     2,358        48,887  

Safran SA, ADR

      2,750        107,635  
     

 

 

  
     

 

 

 

156,522

 

 

     

 

 

  

Germany - 6.2%

     

Allianz SE, ADR

      8,800        209,264  

Deutsche Post AG

      1,550        63,149  

Infineon Technologies AG

      1,225        40,609  

Muenchener Rueckversicherungs AG

      275        107,313  

Siemens AG, ADR

      1,775        126,824  
     

 

 

  
     

 

 

 

547,159

 

 

     

 

 

  

Ireland - 6.1%

     

Accenture, PLC

      750        230,333  

CRH, PLC

      1,200        65,676  

Medtronic, PLC

      725        56,811  

Trane Technologies, PLC

      875        177,546  
     

 

 

  
     

 

 

 

530,366

 

 

     

 

 

  

Netherlands - 0.4%

     

ASML Holding NV

      65        38,263  
     

 

 

  

Spain - 2.1%

     

Iberdrola SA, ADR

      4,050        181,197  
     

 

 

  

Switzerland - 4.9%

     

Chubb, Ltd.

      250        52,045  

Logitech International SA

      1,550        106,857  

Lonza Group AG

      185        86,017  

Nestle SA, ADR

      1,200        135,804  

Novartis AG, ADR

      450        45,837  
     

 

 

  
     

 

 

 

426,560

 

 

     

 

 

  

United Kingdom - 15.2%

     

AstraZeneca, PLC, ADR

      3,625        245,485  

BAE Systems, PLC, ADR

      3,500        173,075  

Coca-Cola Europacific Partners, PLC

      2,100        131,208  

Compass Group, PLC

      3,600        87,847  

Diageo, PLC, ADR

      785        117,106  

Entain, PLC

      6,900        78,530  

Man Group, PLC

      55,725        151,958  

RELX, PLC, ADR

      4,700        158,390  

Rentokil Initial, PLC, ADR

      2,375        87,994  

Smith & Nephew, PLC

      8,050        100,477  
     

 

 

  
     

 

 

 

1,332,070

 

 

     

 

 

  
     
Name of Issuer    Quantity      Fair Value ($)  

North America - 53.8%

     

United States - 53.8%

     

Adobe, Inc. *

     450        229,455  

AES Corp.

      3,025        45,980  

Alphabet, Inc. - Class A *

     2,500        327,150  

Apple, Inc.

      3,600        616,356  

Broadcom, Inc.

      125        103,823  

Cheniere Energy, Inc.

      775        128,619  

Dexcom, Inc. *

     1,080        100,764  

Ecolab, Inc.

      325        55,055  

FedEx Corp.

      375        99,345  

Goldman Sachs Group, Inc.

      600        194,142  

Home Depot, Inc.

      745        225,109  

Johnson & Johnson

      1,175        183,006  

JPMorgan Chase & Co.

      1,075        155,897  

Lockheed Martin Corp.

      275        112,464  

Microsoft Corp.

      2,000        631,500  

NIKE, Inc.

      850        81,277  

NVIDIA Corp.

      1,000        434,990  

PepsiCo, Inc.

      875        148,260  

salesforce.com, Inc. *

     850        172,363  

Starbucks Corp.

      1,000        91,270  

T Rowe Price Group, Inc.

      475        49,813  

TJX Cos., Inc.

      1,380        122,654  

UnitedHealth Group, Inc.

      500        252,095  

Visa, Inc.

      475        109,255  

Williams Cos., Inc.

      900        30,321  
     

 

 

  
     

 

 

 

4,700,963

 

 

     

 

 

  

Total Common Stocks
(cost: $5,415,195)

         8,506,372  
     

 

 

  

Short-Term Securities - 3.1%

     

Fidelity Inst. Money Mkt. Gvt. Fund, 5.27%
(cost $269,556)

      269,556        269,556  
     

 

 

  

Total Investments in Securities - 100.4%
(cost $5,684,751)

         8,775,928  

Other Assets and Liabilities, net - (0.4)%

         (37,926 ) 
     

 

 

  

Net Assets - 100.0%

       $ 8,738,002  
     

 

 

  

 

                   

 

*

Non-income producing security.

 

 

ADR — American Depositary Receipt

 

 

PLC — Public Limited Company

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

 

 

 

   

SEPTEMBER 30, 2023

   1

 

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2023

Sit ESG Growth Fund (Continued)

 

Portfolio Structure - By Sector    (% of Total Net Assets)    

Technology Services

    19.3%

Electronic Technology

    16.2  

Health Technology

    11.2  

Finance

    10.5  

Producer Manufacturing

    9.8 

Consumer Non-Durables

    7.0 

Consumer Services

    6.0 

Retail Trade

    4.0 

Health Services

    2.9 

Utilities

    2.6 

Transportation

    1.9 

Industrial Services

    1.8 

Consumer Durables

    1.8 

Commercial Services

    1.0 

Non-Energy Minerals

    0.7 

Process Industries

    0.6 

Short-Term Securities

    3.1 
  

 

  

 

100.4   

Other Assets and Liabilities, net

    (0.4)  
  

 

  

 

100.0% 

        
  

 

        

A summary of the levels for the Fund’s investments as of September 30, 2023 is as follows:

 

     Investment in Securities  
     Level 1      Level 2      Level 3         
     Quoted
Prices ($)		      Other significant
observable inputs ($)		      Significant
unobservable inputs ($)		      Total ($)    

Common Stocks

            

France

      156,522        —          —          156,522  

Germany

      547,159        —          —          547,159  

Ireland

      530,366        —          —          530,366  

Japan

      486,298        —          —          486,298  

Netherlands

      38,263        —          —          38,263  

Singapore

      106,974        —          —          106,974  

Spain

      181,197        —          —          181,197  

Switzerland

      426,560        —          —          426,560  

United Kingdom

      1,332,070        —          —          1,332,070  

United States

      4,700,963        —          —          4,700,963  

Short-Term Securities

      269,556        —          —          269,556  

Total:

      8,775,928        —          —          8,775,928  

Level 1 securities of foreign issuers are primarily American Depositary Receipts (ADRs), Public Limited Companies (PLCs) or Global Depositary Receipts (GDRs). 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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