# SIT Investment Associates, Inc

> SIT Investment Associates, Inc is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 1981, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 22, 2026.

- CRD: 105725
- Filed as: SIT INVESTMENT ASSOCIATES, INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: June 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105725
- AdvisorCensus page: https://advisorcensus.com/firm/sit-investment-associates-inc-minneapolis-mn-105725

## Quick answers

**How is SIT Investment Associates, Inc compensated?**
On its Form ADV (Item 5.E, October 2026), SIT Investment Associates, Inc reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is SIT Investment Associates, Inc located?**
SIT Investment Associates, Inc's principal office is in Minneapolis, MN, according to its Form ADV.

**Is SIT Investment Associates, Inc registered with the SEC or a state?**
SIT Investment Associates, Inc is an SEC-registered investment advisory firm, registered since 1981. Status as filed: Approved. CRD 105725.

**How much does SIT Investment Associates, Inc manage?**
SIT Investment Associates, Inc reports $3,543,093,715 in regulatory assets under management in its Form ADV filing dated June 22, 2026 (100% discretionary).

**How have SIT Investment Associates, Inc's assets and staff changed since 2021?**
In the Form ADV data for SIT Investment Associates, Inc: Regulatory assets under management: $3,770,455,936 in the October 2021 data and $3,543,093,715 in the October 2026 data, down 6%. Total employees: 72 in October 2021 and 73 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does SIT Investment Associates, Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (17); investment companies (14); pooled investment vehicles (other than investment companies and business development companies) (8).

**Which custodians does SIT Investment Associates, Inc use?**
SIT Investment Associates, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Fidelity and Northern Trust as custodians holding 10% or more of its separately managed account assets.

**Does SIT Investment Associates, Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105725

**What changed in SIT Investment Associates, Inc's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Fidelity
- Northern Trust

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $3,543,093,715
- Discretionary: $3,543,093,715
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | 17 | $214,274,819 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 14 | $1,903,242,392 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $341,024,067 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $211,881,797 |
| Charitable organizations | 5 | $448,698,289 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $54,405,625 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $188,015,683 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $181,551,043 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1981 (45 years)
- Employees: 73 total, 35 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN, NE, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [sitinvest.com](https://sitinvest.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,770,455,936 | 72 | August 4, 2021 |
| October 2022 | $4,195,444,888 | 70 | March 30, 2022 |
| October 2023 | $3,183,307,550 | 71 | August 10, 2023 |
| October 2024 | $3,162,476,861 | 72 | March 28, 2024 |
| October 2025 | $3,366,400,389 | 73 | May 1, 2025 |
| October 2026 | $3,543,093,715 | 73 | June 22, 2026 |

Regulatory assets under management: $3,770,455,936 in the October 2021 data and $3,543,093,715 in the October 2026 data, down 6%.
Total employees: 72 in October 2021 and 73 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 36 to 35.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SIT Investment Associates, Inc (CRD 105725): Form ADV filing data as of October 2026.