0001752724-24-115618.txt : 20240523 0001752724-24-115618.hdr.sgml : 20240523 20240523151106 ACCESSION NUMBER: 0001752724-24-115618 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240328 FILED AS OF DATE: 20240523 DATE AS OF CHANGE: 20240523 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIT MUTUAL FUNDS INC CENTRAL INDEX KEY: 0000877880 ORGANIZATION NAME: 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: 24977665 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 2024-03-28 N 10684572.33 28156.12 10656416.21 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 3158.13000000 N Smith & Nephew PLC 213800ZTMDN8S67S1H61 Smith & Nephew PLC 000000000 8050.00000000 NS 100749.61000000 0.945436139266 Long EC CORP GB N 1 N N N Apple Inc HWUPKR0MPOU8FGXBT394 Apple Inc 037833100 3600.00000000 NS USD 617328.00000000 5.793016975263 Long EC CORP US N 1 N N N Allianz SE 529900K9B0N5BT694847 Allianz SE 018820100 8800.00000000 NS USD 263384.00000000 2.471600159093 Long EC CORP DE N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG 66987V109 450.00000000 NS USD 43528.50000000 0.408472221262 Long EC CORP CH N 1 N N N T Rowe Price Group Inc 549300SIV6FPS9Y7IH33 T Rowe Price Group Inc 74144T108 475.00000000 NS USD 57912.00000000 0.543447242100 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet Inc 02079K305 2500.00000000 NS USD 377325.00000000 3.540824537670 Long EC CORP US N 1 N N N Lockheed Martin Corp DPRBOZP0K5RM2YE8UU08 Lockheed Martin Corp 539830109 275.00000000 NS USD 125089.25000000 1.173839755645 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 2000.00000000 NS USD 841440.00000000 7.896087985099 Long EC CORP US N 1 N N N NVIDIA Corp 549300S4KLFTLO7GSQ80 NVIDIA Corp 67066G104 1000.00000000 NS USD 903560.00000000 8.479023174339 Long EC CORP US N 1 N N N TJX Cos Inc/The V167QI9I69W364E2DY52 TJX Cos Inc/The 872540109 1380.00000000 NS USD 139959.60000000 1.313383385576 Long EC CORP US N 1 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC 000000000 1200.00000000 NS USD 103512.00000000 0.971358456352 Long EC CORP IE N 1 N N N NIKE Inc 787RXPR0UX0O0XUXPZ81 NIKE Inc 654106103 850.00000000 NS USD 79883.00000000 0.749623498423 Long EC CORP US N 1 N N N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA 000000000 850.00000000 NS USD 75964.50000000 0.712852224453 Long EC CORP CH N 1 N N N Compass Group PLC 2138008M6MH9OZ6U2T68 Compass Group PLC 000000000 3600.00000000 NS 105551.08000000 0.990493219483 Long EC CORP GB N 1 N N N Entain PLC 213800GNI3K45LQR8L28 Entain PLC 000000000 10225.00000000 NS 102908.33000000 0.965693606293 Long EC CORP GB N 1 N N N Infineon Technologies AG TSI2PJM6EPETEQ4X1U25 Infineon Technologies AG 000000000 1225.00000000 NS 41649.95000000 0.390843874518 Long EC CORP DE N 1 N N N Gilead Sciences Inc 549300WTZWR07K8MNV44 Gilead Sciences Inc 375558103 1190.00000000 NS USD 87167.50000000 0.817981376498 Long EC CORP US N 1 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV 000000000 65.00000000 NS USD 63080.55000000 0.591949007592 Long EC CORP NL N 1 N N N AES Corp/The 2NUNNB7D43COUIRE5295 AES Corp/The 00130H105 3025.00000000 NS USD 54238.25000000 0.508972706500 Long EC CORP US N 1 N N N Novo Nordisk A/S 549300DAQ1CVT6CXN342 Novo Nordisk A/S 670100205 400.00000000 NS USD 51360.00000000 0.481963157105 Long EC CORP DK N 1 N N N Trane Technologies PLC 549300BURLR9SLYY2705 Trane Technologies PLC 000000000 875.00000000 NS USD 262675.00000000 2.464946890433 Long EC CORP IE N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 1175.00000000 NS USD 185873.25000000 1.744237897029 Long EC CORP US N 1 N N N Visa Inc 549300JZ4OKEHW3DPJ59 Visa Inc 92826C839 475.00000000 NS USD 132563.00000000 1.243973559099 Long EC CORP US N 1 N N N Lonza Group AG 549300EFW4H2TCZ71055 Lonza Group AG 000000000 185.00000000 NS 110813.33000000 1.039874267448 Long EC CORP CH N 1 N N N Safran SA 969500UIC89GT3UL7L24 Safran SA 786584102 2750.00000000 NS USD 155787.50000000 1.461912681805 Long EC CORP FR N 1 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 826197501 1775.00000000 NS USD 169388.25000000 1.589542362666 Long EC CORP DE N 1 N N N Adobe Inc FU4LY2G4933NH2E1CP29 Adobe Inc 00724F101 450.00000000 NS USD 227070.00000000 2.130828934655 Long EC CORP US N 1 N N N Forvia SE 969500F0VMZLK2IULV85 Forvia SE 000000000 2358.00000000 NS 35754.91000000 0.335524713894 Long EC CORP FR N 1 N N N Cheniere Energy Inc MIHC87W9WTYSYZWV1J40 Cheniere Energy Inc 16411R208 775.00000000 NS USD 124992.00000000 1.172927159908 Long EC CORP US N 1 N N N Williams Cos Inc/The D71FAKCBLFS2O0RBPG08 Williams Cos Inc/The 969457100 1800.00000000 NS USD 70146.00000000 0.658251316555 Long EC CORP US N 1 N N N Rentokil Initial PLC 549300VN4WV7Z6T14K68 Rentokil Initial PLC 760125104 2375.00000000 NS USD 71606.25000000 0.671954328630 Long EC CORP GB N 1 N N N Man Group PLC/Jersey 2549003YWC1DW6LALB09 Man Group PLC/Jersey 000000000 55725.00000000 NS 188071.27000000 1.764864155958 Long EC CORP GB N 1 N N N Home Depot Inc/The QEKMOTMBBKA8I816DO57 Home Depot Inc/The 437076102 745.00000000 NS USD 285782.00000000 2.681783391041 Long EC CORP US N 1 N N N Deutsche Post AG 8ER8GIG7CSMVD8VUFE78 Deutsche Post AG 000000000 1550.00000000 NS 66746.56000000 0.626350910894 Long EC CORP DE N 1 N N N Medtronic PLC 549300GX3ZBSQWUXY261 Medtronic PLC 000000000 725.00000000 NS USD 63183.75000000 0.592917438235 Long EC CORP IE N 1 N N N FedEx Corp 549300E707U7WNPZN687 FedEx Corp 31428X106 375.00000000 NS USD 108652.50000000 1.019597000143 Long EC CORP US N 1 N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38141G104 600.00000000 NS USD 250614.00000000 2.351766251066 Long EC CORP US N 1 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC 759530108 4700.00000000 NS USD 203463.00000000 1.909300425119 Long EC CORP GB N 1 N N N Munich Re 529900MUF4C20K50JS49 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 000000000 275.00000000 NS 134190.06000000 1.259241919193 Long EC CORP DE N 1 N N N Terumo Corp 353800JX1R4582QVK932 Terumo Corp 000000000 5200.00000000 NS 94790.59000000 0.889516589179 Long EC CORP JP N 1 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 3625.00000000 NS USD 245593.75000000 2.304656135423 Long EC CORP GB N 1 N N N Accenture PLC 5493000EWHDSR3MZWH98 Accenture PLC 000000000 750.00000000 NS USD 259957.50000000 2.439445821908 Long EC CORP IE N 1 N N N Dexcom Inc 549300YSK3QDSFR5EU59 Dexcom Inc 252131107 1080.00000000 NS USD 149796.00000000 1.405688338819 Long EC CORP US N 1 N N N Ecolab Inc 82DYEISM090VG8LTLS26 Ecolab Inc 278865100 325.00000000 NS USD 75042.50000000 0.704200159989 Long EC CORP US N 1 N N N FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO 549300FQDFZGLUOCWN51 FIDELITY GOVERNMENT PORT-I 316175108 233675.46000000 NS USD 233675.46000000 2.192814689245 Long STIV RF US N 1 N N N BAE Systems PLC 8SVCSVKSGDWMW2QHOH83 BAE Systems PLC 05523R107 3200.00000000 NS USD 221920.00000000 2.082501242694 Long EC CORP GB N 1 N N N Coca-Cola Europacific Partners 549300LTH67W4GWMRF57 Coca-Cola Europacific Partners PLC 000000000 2100.00000000 NS USD 146895.00000000 1.378465303017 Long EC CORP GB N 1 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625H100 1075.00000000 NS USD 215322.50000000 2.020590184887 Long EC CORP US N 1 N N N PepsiCo Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo Inc 713448108 875.00000000 NS USD 153133.75000000 1.437009844419 Long EC CORP US N 1 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 641069406 1200.00000000 NS USD 127440.00000000 1.195899235621 Long EC CORP CH N 1 N N N Recruit Holdings Co Ltd 353800R2LRSMVVC4I806 Recruit Holdings Co Ltd 000000000 3100.00000000 NS 135750.43000000 1.273884459135 Long EC CORP JP N 1 N N N ST Engineering 254900OEXGGWCR24DG90 Singapore Technologies Engineering Ltd 000000000 37400.00000000 NS 111348.27000000 1.044894153960 Long EC CORP SG N 1 N N N Chubb Ltd E0JAN6VLUDI1HITHT809 Chubb Ltd 000000000 250.00000000 NS USD 64782.50000000 0.607920136783 Long EC CORP CH N 1 N N N UnitedHealth Group Inc 549300GHBMY8T5GXDE41 UnitedHealth Group Inc 91324P102 500.00000000 NS USD 247350.00000000 2.321136816783 Long EC CORP US N 1 N N N Keyence Corp 529900M7PQBS7A89DZ11 Keyence Corp 000000000 200.00000000 NS 92601.40000000 0.868973191128 Long EC CORP JP N 1 N N N Sony Group Corp 529900R5WX9N2OI2N910 Sony Group Corp 835699307 1925.00000000 NS USD 165049.50000000 1.548827455191 Long EC CORP JP N 1 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA 450737101 4050.00000000 NS USD 201892.50000000 1.894562825075 Long EC CORP ES N 1 N N N Starbucks Corp OQSJ1DU9TAOC51A47K68 Starbucks Corp 855244109 1000.00000000 NS USD 91390.00000000 0.857605391897 Long EC CORP US N 1 N N N Salesforce Inc RCGZFPDMRW58VJ54VR07 Salesforce Inc 79466L302 850.00000000 NS USD 256003.00000000 2.402336723295 Long EC CORP US N 1 N N N Diageo PLC 213800ZVIELEA55JMJ32 Diageo PLC 25243Q205 785.00000000 NS USD 116760.90000000 1.095686370530 Long EC CORP GB N 1 N N N Broadcom Inc 549300WV6GIDOZJTV909 Broadcom Inc 11135F101 125.00000000 NS USD 165676.25000000 1.554708888383 Long EC CORP US N 1 N N N 2024-05-23 SIT MUTUAL FUNDS INC Paul Rasmussen Paul Rasmussen VP, Treasurer & Chief Compliance Officer XXXX NPORT-EX 2 SI93SIT033124.htm HTML

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Sit ESG Growth Fund

Investments are grouped by geographic region.

 

     
Name of Issuer    Quantity      Fair Value ($)  

Common Stocks - 97.8%

      

Asia - 5.6%

     

Japan - 4.6%

     

Keyence Corp.

      200        92,601  

Recruit Holdings Co., Ltd.

      3,100        135,750  

Sony Group Corp., ADR

      1,925        165,050  

Terumo Corp.

      5,200        94,791  
     

 

 

  
     

 

 

 

488,192

 

 

     

 

 

  

Singapore - 1.0%

     

Singapore Technologies Engineering, Ltd.

      37,400        111,348  
     

 

 

  

Europe - 35.7%

     

Denmark - 0.5%

     

Novo Nordisk A/S, ADR

      400        51,360  
     

 

 

  

France - 1.8%

     

Forvia SE *

     2,358        35,755  

Safran SA, ADR

      2,750        155,787  
     

 

 

  
     

 

 

 

191,542

 

 

     

 

 

  

Germany - 6.3%

     

Allianz SE, ADR

      8,800        263,384  

Deutsche Post AG

      1,550        66,747  

Infineon Technologies AG

      1,225        41,650  

Muenchener Rueckversicherungs AG

      275        134,190  

Siemens AG, ADR

      1,775        169,388  
     

 

 

  
     

 

 

 

675,359

 

 

     

 

 

  

Ireland - 6.5%

     

Accenture, PLC

      750        259,957  

CRH, PLC

      1,200        103,512  

Medtronic, PLC

      725        63,184  

Trane Technologies, PLC

      875        262,675  
     

 

 

  
     

 

 

 

689,328

 

 

     

 

 

  

Netherlands - 0.6%

     

ASML Holding NV

      65        63,081  
     

 

 

  

Spain - 1.9%

     

Iberdrola SA, ADR

      4,050        201,893  
     

 

 

  

Switzerland - 4.0%

     

Chubb, Ltd.

      250        64,782  

Logitech International SA

      850        75,965  

Lonza Group AG

      185        110,813  

Nestle SA, ADR

      1,200        127,440  

Novartis AG, ADR

      450        43,529  
     

 

 

  
     

 

 

 

422,529

 

 

     

 

 

  

United Kingdom - 14.1%

     

AstraZeneca, PLC, ADR

      3,625        245,594  

BAE Systems, PLC, ADR

      3,200        221,920  

Coca-Cola Europacific Partners, PLC

      2,100        146,895  

Compass Group, PLC

      3,600        105,551  

Diageo, PLC, ADR

      785        116,761  

Entain, PLC

      10,225        102,908  

Man Group, PLC

      55,725        188,071  

RELX, PLC, ADR

      4,700        203,463  

Rentokil Initial, PLC, ADR

      2,375        71,606  
     
Name of Issuer    Quantity      Fair Value ($)  

Smith & Nephew, PLC

      8,050        100,750  
     

 

 

  
     

 

 

 

1,503,519

 

 

     

 

 

  

North America - 56.5%

     

United States - 56.5%

     

Adobe, Inc. *

     450        227,070  

AES Corp.

      3,025        54,238  

Alphabet, Inc. - Class A *

     2,500        377,325  

Apple, Inc.

      3,600        617,328  

Broadcom, Inc.

      125        165,676  

Cheniere Energy, Inc.

      775        124,992  

Dexcom, Inc. *

     1,080        149,796  

Ecolab, Inc.

      325        75,042  

FedEx Corp.

      375        108,653  

Gilead Sciences, Inc.

      1,190        87,168  

Goldman Sachs Group, Inc.

      600        250,614  

Home Depot, Inc.

      745        285,782  

Johnson & Johnson

      1,175        185,873  

JPMorgan Chase & Co.

      1,075        215,322  

Lockheed Martin Corp.

      275        125,089  

Microsoft Corp.

      2,000        841,440  

NIKE, Inc.

      850        79,883  

NVIDIA Corp.

      1,000        903,560  

PepsiCo, Inc.

      875        153,134  

salesforce.com, Inc.

      850        256,003  

Starbucks Corp.

      1,000        91,390  

T Rowe Price Group, Inc.

      475        57,912  

TJX Cos., Inc.

      1,380        139,960  

UnitedHealth Group, Inc.

      500        247,350  

Visa, Inc.

      475        132,563  

Williams Cos., Inc.

      1,800        70,146  
     

 

 

  
     

 

 

 

6,023,309

 

 

     

 

 

  

Total Common Stocks
(cost: $5,490,743)

         10,421,460  
     

 

 

  

Short-Term Securities - 2.2%

     

Fidelity Inst. Money Mkt. Gvt. Fund, 5.25%
(cost $236,831)

      236,831        236,831  
     

 

 

  

Total Investments in Securities - 100.0%
(cost $5,727,574)

         10,658,291  

Other Assets and Liabilities, net - (0.0)%

         (1,874)  
     

 

 

  

Net Assets - 100.0%

          $10,656,417  
     

 

 

  

                   

 

*

Non-income producing security.

 

 

ADR — American Depositary Receipt

 

 

PLC — Public Limited Company

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

 

 

 

   

MARCH 31, 2024

   1

 

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2024

Sit ESG Growth Fund (Continued)

 

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

Technology Services

    19.7%

Electronic Technology

    18.4  

Finance

    11.0  

Health Technology

    10.6  

Producer Manufacturing

    10.2  

Consumer Services

    6.0 

Consumer Non-Durables

    5.9 

Retail Trade

    4.0 

Utilities

    2.4 

Health Services

    2.3 

Industrial Services

    1.8 

Transportation

    1.6 

Consumer Durables

    1.5 

Non-Energy Minerals

    1.0 

Process Industries

    0.7 

Commercial Services

    0.7 

Short-Term Securities

    2.2 
  

 

  

 

100.0   

Other Assets and Liabilities, net

    (0.0)  
  

 

  

 

100.0% 

  

 

 

 

 

A summary of the levels for the Fund’s investments as of March 31, 2024 is as follows:

 

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

Common Stocks

            

Denmark

      51,360        —          —          51,360  

France

      191,542        —          —          191,542  

Germany

      675,359        —          —          675,359  

Ireland

      689,328        —          —          689,328  

Japan

      488,192        —          —          488,192  

Netherlands

      63,081        —          —          63,081  

Singapore

      111,348        —          —          111,348  

Spain

      201,893        —          —          201,893  

Switzerland

      422,529        —          —          422,529  

United Kingdom

      1,503,519        —          —          1,503,519  

United States

      6,023,309        —          —          6,023,309  

Short-Term Securities

      236,831        —          —          236,831  

Total:

      10,658,291        —          —          10,658,291  

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.

 

 

   

2