Sit Investment Associates Expands Holdings in Putnam Master Intermediate Income Trust with Strategic Acquisition of Additional Shares

Sit Investment Associates Inc acquired an additional 494,249 shares in Putnam Master Intermediate Income Trust, increasing its total holdings to 23,620,972 shares, a 2.14% increase. This aligns with the firm's focus on fixed-income securities and had a minimal impact of 0.04% on its overall portfolio.

Sit Investment Associates Inc, a Minneapolis-based investment management firm, recently expanded its holdings in Putnam Master Intermediate Income Trust (PIM) by acquiring an additional 494,249 shares. This acquisition, executed on May 30, 2025, marks a 2.14% increase in the firm's position, bringing its total holdings to 23,620,972 shares [1].

The transaction reflects Sit Investment Associates' strategic focus on fixed-income securities, aligning with its broader investment philosophy. The firm, which manages over $6.6 billion in assets, employs both quantitative and fundamental methodologies, with a strong emphasis on the financial services and technology sectors [1].

The acquisition had a minimal impact on the firm's overall portfolio, with the new shares representing just 0.04% of its total holdings. This calculated approach to asset allocation demonstrates Sit Investment Associates' commitment to maintaining a balanced and diversified portfolio [1].

Putnam Master Intermediate Income Trust is a closed-end fund with the primary objective of providing high current income and stability of net asset value. The fund invests in U.S. high-grade, high-yield, and international fixed-income securities with limited maturities. As of the latest data, PIM has a market capitalization of $161.417 million and a stock price of $3.35. The fund's price-to-earnings (PE) ratio stands at 14.38, although there is insufficient data for a comprehensive GF Valuation [1].

Sit Investment Associates' recent acquisition underscores its strategic focus on fixed-income securities. This move is consistent with the firm's investment philosophy and asset allocation strategy, emphasizing a calculated approach to portfolio diversification. As the firm continues to manage over $6.6 billion in assets, its strategic decisions play a crucial role in shaping its investment portfolio and achieving long-term growth objectives [1].

References:
[1] https://www.gurufocus.com/news/2914101/sit-investment-associates-inc-expands-holdings-in-putnam-master-intermediate-income-trust