NPORT-EX 2 SI13SIT09302022.htm FOR VALIDATION PURPOSES ONLY - [351958.SCG]
    

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  
   

 

 

 

      5,638,756  
   

 

 

 

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  
   

 

 

 

      2,922,079  
   

 

 

 

Consumer Services - 3.1%

    

Nexstar Media Group, Inc.

     12,725       2,123,166  

Vail Resorts, Inc.

     3,550       765,522  
   

 

 

 

      2,888,688  
   

 

 

 

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  
   

 

 

 

      8,224,523  
   

 

 

 

Energy Minerals - 2.0%

    

Northern Oil & Gas, Inc.

     9,450       259,024  

Oasis Petroleum, Inc.

     11,975       1,637,821  
   

 

 

 

      1,896,845  
   

 

 

 

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  
   

 

 

 

      9,810,285  
   

 

 

 

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  
   

 

 

 

      4,294,836  
   

 

 

 

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  
   

 

 

 

      12,270,898  
   

 

 

 

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  
   

 

 

 

      6,629,829  
   

 

 

 

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  
   

 

 

 

      2,942,639  
   

 

 

 

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  
   

 

 

 

      3,359,122  
   

 

 

 

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  
   

 

 

 

      9,091,111  
   

 

 

 

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  
   

 

 

 

      3,256,358  
   

 

 

 

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  
   

 

 

 

      13,311,770  
   

 

 

 

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  
   

 

 

 

      6,358,596  
   

 

 

 

Utilities - 0.5%

    

Spire, Inc.

     7,100       442,543  
   

 

 

 

Total Common Stocks
(cost: $66,417,754)

       93,338,878  
   

 

 

 

Short-Term Securities - 1.7%

   

Fidelity Inst. Money Mkt. Gvt. Fund, 2.74%
(cost $1,618,205)

     1,618,205       1,618,205  
   

 

 

 

Total Investments in Securities - 100.1%
(cost $68,035,959)

       94,957,083  

Other Assets and Liabilities, net - (0.1)%

       (65,706 ) 
   

 

 

 

Net Assets - 100.0%

       $94,891,377  
   

 

 

 

 

 

*

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
unobservable inputs ($)

          Total ($)          
  

 

 

  

Common Stocks**

     93,338,878        —                  —                  93,338,878    

Short-Term Securities

      1,618,205        —                  —                  1,618,205    
  

 

 

  

Total:

      94,957,083        —                  —                  94,957,083    
  

 

 

  

 

**

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