SEC Form SC 13G filed by ClearBridge Energy Midstream Opportunity Fund Inc.

2/12/24 4:24:58 PM ET

Investment Managers

Finance

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SC 13G 1 13GInitialEMO21224.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 ------------------------------------------------------------------------ ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) ------------------------------------------------------------------------ (Name of Issuer) Common Stock ------------------------------------------------------------------------ (Title of Class of Securities) 18469P209 ------------------------------------------------------------------------ (CUSIP Number) December 31, 2023 ------------------------------------------------------------------------ (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). ----------------------------- ------------------------------ CUSIP No. 18469P209 13G Page 2 of 6 Pages ----------------------------- ------------------------------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sit Investment Associates, Inc. 41-1404829 --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |___| (b) |_X_| --------------------------------------------------------------------------- 3 SEC USE ONLY --------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Minnesota --------------------------------------------------------------------------- 5 SOLE VOTING POWER 896,205 NUMBER OF ------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 896,205 PERSON ------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER -0- --------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 896,205 -------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable --------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.01% --------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) Sit Investment Associates, Inc. (client accounts) IA -------------------------------------------------------------------------- ------------------------------ -------------------------- CUSIP No. 18469P209 13G Page 3 of 6 Pages ------------------------------ -------------------------- ITEM 1 (a) Name of Issuer: ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) ITEM 1 (b) Address of Issuer's Principal Executive Offices: 620 Eighth Avenue, 47th Floor New York, NY 10018 ITEM 2 (a) Name of Person Filing: Sit Investment Associates, Inc. Sit Investment Associates, Inc. ("SIA") is an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. SIA has one subsidiary registered Investment Adviser: 1. Sit Fixed Income Advisors II, LLC 41-1894024 SIA is the Investment Advisor for fourteen mutual funds (the "Funds") which are comprised of five registered investment companies, two of which consist of series funds as listed below. SIA has the voting power and dispositive power for all securities owned by SIA and the following mutual funds. 1) Sit Mid Cap Growth Fund, Inc. 2) Sit Large Cap Growth Fund, Inc. 3) Sit U.S. Government Securities Fund, Inc. Sit Mutual Funds, Inc. 4) Sit International Growth Fund (series A) 5) Sit Balanced Fund (series B) 6) Sit Developing Markets Growth Fund (series C) 7) Sit Small Cap Growth fund (series D) 8) Sit Dividend Growth Fund (series G) 9) Sit Global Dividend Growth Fund (series H) 10) Sit Small Cap Dividend Growth Fund (series I) 11) Sit ESG Growth Fund (series J) Sit Mutual Funds II, Inc. 12) Sit Tax-Free Income Fund (series A) 13) Sit Minnesota Tax-Free Income Fund (series B) 14) Sit Quality Income Fund (series E) Of the affiliated entities indicated above, only SIA and its affiliates (client accounts) beneficially owned shares of the Issuer common stock as of December 31, 2023. ------------------------------ -------------------------- CUSIP No. 18469P209 13G Page 4 of 6 Pages ------------------------------ -------------------------- ITEM 2 (b) Address of Principal Business Office or, if none, Residence: 3300 IDS Center 80 South Eighth Street Minneapolis, MN 55402 ITEM 2 (c) Citizenship: Minnesota Corporation ITEM 2 (d) Title of Class of Securities: Common Stock ITEM 2 (e) CUSIP Number: 18469P209 ITEM 3 (e) (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act (e) [ X ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund: see section 240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with section 240.13d- 1(b)(ii)(G) (Note :see Item 7) (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J) (k) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(K) ITEM 4 Ownership (a) Amount Beneficially Owned: Number of shares beneficially owned by each reporting person with sole voting power; and aggregate amount beneficially owned by each reporting person: SIA and Affiliates Ownership as of 12/31/2023: Shares SIA (client accounts) 896,205 Total Shares Owned By SIA and Affiliated Entities 896,205 ------------------------------ -------------------------- CUSIP No. 18469P209 13G Page 5 of 6 Pages ------------------------------ --------------------------- (b) Percent of Class: Outstanding as of 12/31/2023: 12,787,291 SIA and Affiliates Ownership @ 12/31/2023: % Owned SIA (client accounts) 7.01% Total Shares Owned By SIA and Affiliated Entities 7.01% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 896,205 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 896,205 (iv) Shared power to dispose or to direct the disposition of: 0 ITEM 5 Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. ITEM 6 Ownership of More than Five Percent on Behalf of Another Person: N/A ITEM 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: N/A ITEM 8 Identification and Classification of Members of the Group: N/A ITEM 9 Notice of Dissolution of Group: N/A ------------------------------ --------------------------- CUSIP No. 18469P209 13G Page 6 of 6 Pages ------------------------------ --------------------------- ITEM 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purposes of effect, other than activities solely in connection with a nomination under 240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. SIT INVESTMENT ASSOCIATES, INC. Date: February 12, 2024 By: /s/ Paul E. Rasmussen Title: Vice President

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SEC Form SC 13G filed by ClearBridge Energy Midstream Opportunity Fund Inc.

2/12/24 4:24:58 PM ET

$EMO

Investment Managers

Finance

Get the next $EMO alert in real time by email

SEC Form SC 13G filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$EMO

SEC Form SC 13G filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$EMO

$EMO
Insider Purchases

Director Grillo Anthony bought $11,460 worth of shares (250 units at $45.84) (SEC Form 4)

Saba Capital Management, L.P. bought $1,390,512 worth of shares (41,009 units at $33.91) (SEC Form 4)

Saba Capital Management, L.P. bought $1,121,145 worth of shares (32,194 units at $34.82) (SEC Form 4)

$EMO
Insider Trading

$EMO
SEC Filings

Director Grillo Anthony bought $11,460 worth of shares (250 units at $45.84) (SEC Form 4)

SEC Form 3 filed by new insider Oh Seok Selene

Affiliate of Investment Adv Franklin Resources Inc sold $456,694 worth of shares (9,704 units at $47.06) (SEC Form 4)

SEC Form POS EX filed by ClearBridge Energy Midstream Opportunity Fund Inc.

SEC Form N-PX filed by ClearBridge Energy Midstream Opportunity Fund Inc.

SEC Form N-2ASR filed by ClearBridge Energy Midstream Opportunity Fund Inc.

$EMO
Press Releases

ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2025

ClearBridge Energy Midstream Opportunity Fund Inc. Authorizes 1-For-3 Rights Offering

ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2025

$EMO
Leadership Updates

Certain Closed-end Funds Advised by Franklin Templeton Fund Adviser, LLC Announce Appointment of New Chair and Directors

$EMO
Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Amendment: SEC Form SC 13G/A filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Amendment: SEC Form SC 13G/A filed by ClearBridge Energy Midstream Opportunity Fund Inc.

$EMO
Financials

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of September, October and November 2025

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2025

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of December 2024, January and February 2025

SEC Form SC 13G filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for $EMO

SEC Form SC 13G filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for $EMO

$EMO Insider Purchases

Director Grillo Anthony bought $11,460 worth of shares (250 units at $45.84) (SEC Form 4)

Saba Capital Management, L.P. bought $1,390,512 worth of shares (41,009 units at $33.91) (SEC Form 4)

Saba Capital Management, L.P. bought $1,121,145 worth of shares (32,194 units at $34.82) (SEC Form 4)

$EMO Insider Trading

$EMO SEC Filings

Director Grillo Anthony bought $11,460 worth of shares (250 units at $45.84) (SEC Form 4)

SEC Form 3 filed by new insider Oh Seok Selene

Affiliate of Investment Adv Franklin Resources Inc sold $456,694 worth of shares (9,704 units at $47.06) (SEC Form 4)

SEC Form POS EX filed by ClearBridge Energy Midstream Opportunity Fund Inc.

SEC Form N-PX filed by ClearBridge Energy Midstream Opportunity Fund Inc.

SEC Form N-2ASR filed by ClearBridge Energy Midstream Opportunity Fund Inc.

$EMO Press Releases

ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2025

ClearBridge Energy Midstream Opportunity Fund Inc. Authorizes 1-For-3 Rights Offering

ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2025

$EMO Leadership Updates

Certain Closed-end Funds Advised by Franklin Templeton Fund Adviser, LLC Announce Appointment of New Chair and Directors

$EMO Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Amendment: SEC Form SC 13G/A filed by ClearBridge Energy Midstream Opportunity Fund Inc.

Amendment: SEC Form SC 13G/A filed by ClearBridge Energy Midstream Opportunity Fund Inc.

$EMO Financials

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of September, October and November 2025

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2025

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of December 2024, January and February 2025

Recent Analyst Ratings for
$EMO

Recent Analyst Ratings for
$EMO

$EMO
Insider Purchases

$EMO
Insider Trading

$EMO
SEC Filings

$EMO
Press Releases

$EMO
Leadership Updates

$EMO
Large Ownership Changes

$EMO
Financials