Sit Large Cap Growth Fund NPORTP (Sep 2022 report)

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

Sit Large Cap Growth Fund

Investments are grouped by economic sectors.



Name of Issuer	Quantity		Fair Value ($)

Common Stocks - 99.2%

Commercial Services - 0.6%
Equifax, Inc.		4,400		754,292


Communications - 1.1%
American Tower Corp.		6,950		1,492,165


Consumer Durables - 1.0%
Activision Blizzard, Inc.		8,250		613,305
YETI Holdings, Inc. ^*		23,950		683,054


				1,296,359


Consumer Non-Durables - 5.0%
Constellation Brands, Inc.		7,425		1,705,374
Estee Lauder Cos., Inc. - Class A		7,600		1,640,840
Mondelez International, Inc.		12,850		704,566
NIKE, Inc.		9,050		752,236
PepsiCo, Inc.		10,000		1,632,600


				6,435,616


Consumer Services - 3.1%
McDonald’s Corp.		6,650		1,534,421
Visa, Inc.		13,650		2,424,922


				3,959,343


Electronic Technology - 20.6%
Apple, Inc.		123,875		17,119,525
Applied Materials, Inc.		30,000		2,457,900
Broadcom, Inc.		7,800		3,463,278
NVIDIA Corp.		22,700		2,755,553
QUALCOMM, Inc.		6,325		714,598


				26,510,854


Energy Minerals - 1.9%
ConocoPhillips		24,600		2,517,564


Finance - 2.3%
Chubb, Ltd.		5,050		918,494
Goldman Sachs Group, Inc.		5,150		1,509,207
JPMorgan Chase & Co.		4,900		512,050


				2,939,751


Health Services - 5.8%
Centene Corp. ^*		16,425		1,278,029
HCA Healthcare, Inc.		5,850		1,075,172
UnitedHealth Group, Inc.		10,125		5,113,530


				7,466,731


Health Technology - 7.5%
Abbott Laboratories		15,500		1,499,780
Baxter International, Inc.		17,425		938,511
Dexcom, Inc. ^*		22,000		1,771,880
Johnson & Johnson		9,400		1,535,584
Medtronic, PLC		15,825		1,277,869
Thermo Fisher Scientific, Inc.		5,250		2,662,747


				9,686,371


Industrial Services - 1.8%
Cheniere Energy, Inc.		13,675		2,268,819


Process Industries - 2.1%
Darling Ingredients, Inc. ^*		13,700		906,255



Name of Issuer	Quantity		Fair Value ($)

Linde, PLC		2,650		714,413
Sherwin-Williams Co.		5,225		1,069,819


				2,690,487


Producer Manufacturing - 4.4%
Aptiv, PLC ^*		7,275		568,978
Honeywell International, Inc.		8,425		1,406,722
Northrop Grumman Corp.		3,475		1,634,362
Parker-Hannifin Corp.		3,950		957,125
Siemens AG, ADR		21,675		1,060,991


				5,628,178


Retail Trade - 9.0%
Amazon.com, Inc. ^*		63,000		7,119,000
Home Depot, Inc.		8,425		2,324,795
Lululemon Athletica, Inc. ^*		3,575		999,427
TJX Cos., Inc.		18,075		1,122,819


				11,566,041


Technology Services - 29.9%
Accenture, PLC		10,200		2,624,460
Adobe, Inc. ^*		6,250		1,720,000
Alphabet, Inc. - Class A ^*		12,500		1,195,625
Alphabet, Inc. - Class C ^*		73,500		7,067,025
Atlassian Corp., PLC ^*		7,675		1,616,278
Autodesk, Inc. ^*		7,700		1,438,360
EPAM Systems, Inc. ^*		725		262,588
Intuit, Inc.		5,200		2,014,064
Meta Platforms, Inc. ^*		6,750		915,840
Microsoft Corp.		58,900		13,717,810
Paycom Software, Inc. ^*		2,500		824,975
PayPal Holdings, Inc. ^*		17,600		1,514,832
salesforce.com, Inc. ^*		15,225		2,189,964
ServiceNow, Inc. ^*		2,275		859,063
Splunk, Inc. ^*		8,100		609,120


				38,570,004


Transportation - 2.3%
FedEx Corp.		7,575		1,124,660
Union Pacific Corp.		9,200		1,792,344


				2,917,004


Utilities - 0.8%
NextEra Energy, Inc.		13,100		1,027,171


Total Common Stocks (cost: $61,973,687)				127,726,750


Short-Term Securities - 0.8%
Fidelity Inst. Money Mkt. Gvt. Fund, 2.74% (cost $1,094,288)		1,094,288		1,094,288


Total Investments in Securities - 100.0% (cost $63,067,975)				128,821,038

Other Assets and Liabilities, net - (0.0)%				(40,301	)


Net Assets - 100.0%				$128,780,737

*	Non-income producing security.



SEPTEMBER 30, 2022		1

SCHEDULE OF INVESTMENTS (Unaudited)

September 30, 2022

Sit Large Cap Growth Fund (Continued)

ADR — American Depositary Receipt

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^**		127,726,750		—		—		127,726,750
Short-Term Securities		1,094,288		—		—		1,094,288

Total:		128,821,038		—		—		128,821,038

**	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.



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Sit Large Cap Growth Fund (SNIGX) NPORT-PSit Large Cap Growth Fund (Sep 2022 report)