0001145549-23-000365.txt : 20230106 0001145549-23-000365.hdr.sgml : 20230106 20230106103847 ACCESSION NUMBER: 0001145549-23-000365 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230106 DATE AS OF CHANGE: 20230106 PERIOD START: 20230228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRUST FOR PROFESSIONAL MANAGERS CENTRAL INDEX KEY: 0001141819 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-10401 FILM NUMBER: 23514067 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4147655067 MAIL ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: ZODIAC TRUST DATE OF NAME CHANGE: 20010601 0001141819 S000029035 Bright Rock Mid Cap Growth Fund C000089150 Bright Rock Mid Cap Growth Fund Institutional Class Shares BQMGX NPORT-P 1 primary_doc.xml NPORT-P false 0001141819 XXXXXXXX S000029035 C000089150 Trust for Professional Managers 811-10401 0001141819 549300O1N816L3GGRD45 615 East Michigan Street Milwaukee 53202 513-629-8104 Bright Rock Mid Cap Growth Fund S000029035 254900DE03HYL0GM1264 2023-02-28 2022-11-30 N 93443113.070000000000 919540.370000000000 92523572.700000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N AMETEK Inc 549300WZDEF9KKE40E98 AMETEK Inc 031100100 20000.000000000000 NS USD 2848400.000000000000 3.0785668094 Long EC CORP US N 1 N N N Amphenol Corp 549300D3L3G0R4U4VT04 Amphenol Corp 032095101 34000.000000000000 NS USD 2734620.000000000000 2.9555927427 Long EC CORP US N 1 N N N Analog Devices Inc GYVOE5EZ4GDAVTU4CQ61 Analog Devices Inc 032654105 15800.000000000000 NS USD 2716178.000000000000 2.9356605249 Long EC CORP US N 1 N N N ANSYS Inc 549300VJV8H15Z5FJ571 ANSYS Inc 03662Q105 6000.000000000000 NS USD 1525800.000000000000 1.6490932586 Long EC CORP US N 1 N N N AptarGroup Inc VNPEQDQFAA7IY1T2PX43 AptarGroup Inc 038336103 7500.000000000000 NS USD 796050.000000000000 0.8603753365 Long EC CORP US N 1 N N N Arista Networks Inc 635400H1WKBLOQERUU95 Arista Networks Inc 040413106 15000.000000000000 NS USD 2089500.000000000000 2.2583434027 Long EC CORP US N 1 N N N Brown & Brown Inc 549300PC8KTJ71XKFY89 Brown & Brown Inc 115236101 30000.000000000000 NS USD 1787700.000000000000 1.9321562579 Long EC CORP US N 1 N N N Brown-Forman Corp 549300873K3LXF7ARU34 Brown-Forman Corp 115637209 29500.000000000000 NS USD 2154090.000000000000 2.3281526395 Long EC CORP US N 1 N N N CH Robinson Worldwide Inc 529900WNWN5L0OVDHA79 CH Robinson Worldwide Inc 12541W209 15000.000000000000 NS USD 1503300.000000000000 1.6247751315 Long EC CORP US N 1 N N N Cactus Inc 549300J3T8C9F8QFKV08 Cactus Inc 127203107 20000.000000000000 NS USD 1087800.000000000000 1.1757003845 Long EC CORP US N 1 N N N Chipotle Mexican Grill Inc N/A Chipotle Mexican Grill Inc 169656105 600.000000000000 NS USD 976176.000000000000 1.0550565348 Long EC CORP US N 1 N N N Cognex Corp 549300JQTYZCLC43S226 Cognex Corp 192422103 20000.000000000000 NS USD 995600.000000000000 1.0760501037 Long EC CORP US N 1 N N N Copart Inc 549300KVYX3JWMYEHU61 Copart Inc 217204106 82000.000000000000 NS USD 5457920.000000000000 5.8989507654 Long EC CORP US N 1 N N N Dollar General Corp OPX52SQVOZI8IVSWYU66 Dollar General Corp 256677105 5000.000000000000 NS USD 1278400.000000000000 1.3817019411 Long EC CORP US N 1 N N N Edwards Lifesciences Corp YA13X31F3V31L8TMPR58 Edwards Lifesciences Corp 28176E108 25000.000000000000 NS USD 1931250.000000000000 2.0873059088 Long EC CORP US N 1 N N N EPAM Systems Inc 549300XCR4R530HJP604 EPAM Systems Inc 29414B104 4000.000000000000 NS USD 1474320.000000000000 1.5934533838 Long EC CORP US N 1 N N N FactSet Research Systems Inc 549300ZSJE7NBK6K9P30 FactSet Research Systems Inc 303075105 6000.000000000000 NS USD 2767740.000000000000 2.9913890258 Long EC CORP US N 1 N N N Fastenal Co 529900PP0C7H2HHPSJ32 Fastenal Co 311900104 50800.000000000000 NS USD 2616708.000000000000 2.8281527871 Long EC CORP US N 1 N N N Floor & Decor Holdings Inc 549300M5FR3N688XGQ36 Floor & Decor Holdings Inc 339750101 31000.000000000000 NS USD 2313530.000000000000 2.5004762921 Long EC CORP US N 1 N N N Gentex Corp 549300S3UD8XV1MN0287 Gentex Corp 371901109 60000.000000000000 NS USD 1734000.000000000000 1.8741169946 Long EC CORP US N 1 N N N Jack Henry & Associates Inc 529900X1QS8C54W0JB21 Jack Henry & Associates Inc 426281101 19600.000000000000 NS USD 3711260.000000000000 4.0111507713 Long EC CORP US N 1 N N N Hershey Co/The 21X2CX66SU2BR6QTAD08 Hershey Co/The 427866108 20000.000000000000 NS USD 4703400.000000000000 5.0834612875 Long EC CORP US N 1 N N N JB Hunt Transport Services Inc 549300XCD1MPI1C5GK90 JB Hunt Transport Services Inc 445658107 10500.000000000000 NS USD 1930845.000000000000 2.0868681825 Long EC CORP US N 1 N N N IPG Photonics Corp 5493002KZ51CADQ94G15 IPG Photonics Corp 44980X109 13500.000000000000 NS USD 1228905.000000000000 1.3282074656 Long EC CORP US N 1 N N N IDEXX Laboratories Inc OGMTXK0LUU1HKV2P0J84 IDEXX Laboratories Inc 45168D104 7000.000000000000 NS USD 2981090.000000000000 3.2219789109 Long EC CORP US N 1 N N N IFF BZLRL03D3GPGMOGFO832 International Flavors & Fragrances Inc 459506101 12500.000000000000 NS USD 1322750.000000000000 1.4296356716 Long EC CORP US N 1 N N N Liberty Broadband Corp 549300MIX43II8JLN536 Liberty Broadband Corp 530307107 10000.000000000000 NS USD 902000.000000000000 0.9748866950 Long EC CORP US N 1 N N N Monster Beverage Corp 52990090AP0E7HCB6F33 Monster Beverage Corp 61174X109 26500.000000000000 NS USD 2725790.000000000000 2.9460492288 Long EC CORP US N 1 N N N MSILF Government Portfolio 549300BI6Y5SI6BYPB26 MSILF Government Portfolio 61747C707 787046.370000000000 NS USD 787046.370000000000 0.8506441624 Long STIV RF US N 1 N N N Morningstar Inc 529900YGNQPOVAXQ7F29 Morningstar Inc 617700109 10000.000000000000 NS USD 2451300.000000000000 2.6493788863 Long EC CORP US N 1 N N N ONEOK Inc 2T3D6M0JSY48PSZI1Q41 ONEOK Inc 682680103 74850.000000000000 NS USD 5008962.000000000000 5.4137144231 Long EC CORP US N 1 N N N Repligen Corp 54930006QJ0T5AUO1E71 Repligen Corp 759916109 9000.000000000000 NS USD 1609560.000000000000 1.7396215397 Long EC CORP US N 1 N N N ResMed Inc 529900T3QE5253CCXF22 ResMed Inc 761152107 15500.000000000000 NS USD 3568100.000000000000 3.8564226347 Long EC CORP US N 1 N N N Rollins Inc 549300F2A0BXT4SGWD84 Rollins Inc 775711104 50250.000000000000 NS USD 2032110.000000000000 2.1963159665 Long EC CORP US N 1 N N N SEI Investments Co 5LJTIFADGZ6XH1RVOC11 SEI Investments Co 784117103 27600.000000000000 NS USD 1718928.000000000000 1.8578270919 Long EC CORP US N 1 N N N Scotts Miracle-Gro Co/The 2TH9E0JTOUXOEGI2R879 Scotts Miracle-Gro Co/The 810186106 40000.000000000000 NS USD 2237200.000000000000 2.4179783970 Long EC CORP US N 1 N N N SolarEdge Technologies Inc 5493000K6Y58XXPDF853 SolarEdge Technologies Inc 83417M104 7000.000000000000 NS USD 2092020.000000000000 2.2610670329 Long EC CORP IL N 1 N N N Tractor Supply Co 549300OJ9VZHZRO6I137 Tractor Supply Co 892356106 19500.000000000000 NS USD 4413045.000000000000 4.7696439634 Long EC CORP US N 1 N N N Trex Co Inc N/A Trex Co Inc 89531P105 10000.000000000000 NS USD 458900.000000000000 0.4959817121 Long EC CORP US N 1 N N N Tyler Technologies Inc 25490040SMU4Z8LBCW70 Tyler Technologies Inc 902252105 6250.000000000000 NS USD 2142125.000000000000 2.3152207999 Long EC CORP US N 1 N N N West Pharmaceutical Services I 5493007NKRGM1RJQ1P16 West Pharmaceutical Services Inc 955306105 5000.000000000000 NS USD 1173300.000000000000 1.2681092675 Long EC CORP US N 1 N N N Yum! Brands Inc 549300JE8XHZZ7OHN517 Yum! Brands Inc 988498101 15000.000000000000 NS USD 1929900.000000000000 2.0858468212 Long EC CORP US N 1 N N N Genpact Ltd 529900OSEC6Q0L4L5B35 Genpact Ltd N/A 30000.000000000000 NS USD 1383300.000000000000 1.4950784537 Long EC CORP US N 1 N N N 2022-12-21 Trust for Professional Managers /s/ John Buckel John Buckel President XXXX NPORT-EX 2 midcap.htm
Bright Rock Mid Cap Growth Fund
           
Schedule of Investments
     
November 30, 2022 (Unaudited)
 
             
   
Shares
   
Value
 
COMMON STOCKS - 100.00%
           
Air Freight & Logistics - 1.62%
           
CH Robinson Worldwide, Inc.
   
15,000
   
$
1,503,300
 
Auto Components - 1.87%
               
Gentex Corp.
   
60,000
     
1,734,000
 
Beverages - 5.27%
               
Brown-Forman Corp. - Class B
   
29,500
     
2,154,090
 
Monster Beverage Corp. (b)
   
26,500
     
2,725,790
 
             
4,879,880
 
Building Products - 0.50%
               
Trex Co., Inc. (b)
   
10,000
     
458,900
 
Capital Markets - 7.50%
               
FactSet Research Systems, Inc.
   
6,000
     
2,767,740
 
Morningstar, Inc.
   
10,000
     
2,451,300
 
SEI Investments Co.
   
27,600
     
1,718,928
 
             
6,937,968
 
Chemicals - 3.85%
               
International Flavors & Fragrances, Inc.
   
12,500
     
1,322,750
 
The Scotts Miracle-Gro Co.
   
40,000
     
2,237,200
 
             
3,559,950
 
Commercial Services & Supplies - 8.10%
               
Copart, Inc. (b)
   
82,000
     
5,457,920
 
Rollins, Inc.
   
50,250
     
2,032,110
 
             
7,490,030
 
Communications Equipment - 2.26%
               
Arista Networks, Inc. (b)
   
15,000
     
2,089,500
 
Containers & Packaging - 0.86%
               
AptarGroup, Inc.
   
7,500
     
796,050
 
Electrical Equipment - 3.08%
               
AMETEK, Inc.
   
20,000
     
2,848,400
 
Electronic Equipment, Instruments & Components - 5.36%
               
Amphenol Corp. - Class A
   
34,000
     
2,734,620
 
Cognex Corp.
   
20,000
     
995,600
 
IPG Photonics Corp. (b)
   
13,500
     
1,228,905
 
             
4,959,125
 
Energy Equipment & Services - 1.18%
               
Cactus, Inc.
   
20,000
     
1,087,800
 
Food Products - 5.08%
               
The Hershey Co.
   
20,000
     
4,703,400
 
Health Care Equipment & Supplies - 9.17%
               
Edwards Lifesciences Corp. (b)
   
25,000
     
1,931,250
 
IDEXX Laboratories, Inc. (b)
   
7,000
     
2,981,090
 
ResMed, Inc.
   
15,500
     
3,568,100
 
             
8,480,440
 
Hotels, Restaurants & Leisure - 3.14%
               
Chipotle Mexican Grill, Inc. (b)
   
600
     
976,176
 
Yum! Brands, Inc.
   
15,000
     
1,929,900
 
             
2,906,076
 
Insurance - 1.93%
               
Brown & Brown, Inc.
   
30,000
     
1,787,700
 
IT Services - 7.10%
               
EPAM Systems, Inc. (b)
   
4,000
     
1,474,320
 
Genpact Ltd. (a)
   
30,000
     
1,383,300
 
Jack Henry & Associates, Inc.
   
19,600
     
3,711,260
 
             
6,568,880
 
Life Sciences Tools & Services - 3.01%
               
Repligen Corp. (b)
   
9,000
     
1,609,560
 
West Pharmaceutical Services, Inc.
   
5,000
     
1,173,300
 
             
2,782,860
 
Media - 0.98%
               
Liberty Broadband Corp. (b)
   
10,000
     
902,000
 
Multiline Retail - 1.38%
               
Dollar General Corp.
   
5,000
     
1,278,400
 
Oil, Gas & Consumable Fuels - 5.41%
               
ONEOK, Inc.
   
74,850
     
5,008,962
 
Road & Rail - 2.09%
               
JB Hunt Transport Services, Inc.
   
10,500
     
1,930,845
 
Semiconductors & Semiconductor Equipment - 5.20%
               
Analog Devices, Inc.
   
15,800
     
2,716,178
 
SolarEdge Technologies, Inc. (b)
   
7,000
     
2,092,020
 
             
4,808,198
 
Software - 3.96%
               
ANSYS, Inc. (b)
   
6,000
     
1,525,800
 
Tyler Technologies, Inc. (b)
   
6,250
     
2,142,125
 
             
3,667,925
 
Specialty Retail - 7.27%
               
Floor & Decor Holdings, Inc. (b)
   
31,000
     
2,313,530
 
Tractor Supply Co.
   
19,500
     
4,413,045
 
             
6,726,575
 
Trading Companies & Distributors - 2.83%
               
Fastenal Co.
   
50,800
     
2,616,708
 
TOTAL COMMON STOCKS (Cost $49,346,162)
           
92,513,872
 
                 
MONEY MARKET FUNDS - 0.00%
               
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 3.612% (c)
   
304
     
304
 
TOTAL MONEY MARKET FUNDS (Cost $304)
           
304
 
                 
Total Investments (Cost $49,346,466) - 100.00%
           
92,514,176
 
Liabilities in Excess of Other Assets  - 0.00%
           
(1,429
)
TOTAL NET ASSETS - 100.00%
         
$
92,512,747
 

(a)
Foreign issued security.
     
(b)
Non-income producing security.
     
(c)
Seven day yield as of November 30, 2022.
     

The Schedule of Investments incorporates the Global Industry Classification Standard (GICS®).  GICS was developed
     
by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P").  GICS is a
     
service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.
     

Significant Accounting Policies
     
               
 
The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of these
 
schedules of investments. These policies are in conformity with generally accepted accounting principles in the United States of
 
America (“GAAP”).
               
Investment Valuation
               
 
Each security owned by the Funds that is listed on a securities exchange is valued at its last sale price on that exchange on the date as
 
of which assets are valued. Debt securities are valued at the mean between the bid and ask prices provided by an approved independent
 
pricing service. Forward currency contracts are valued at the mean between the bid and asked prices by approved pricing service.
 
Commodities futures contracts and options thereon traded on commodities exchange or board of trade are valued at the last sale price
 
at the close of trading. Rights and warrants are valued at the last sale price at the close of the exchange on which the security is
 
primarily traded.
               
 
If the security is listed on more than one exchange, the Funds will use the price of the exchange that the Funds generally consider to be
 
the principal exchange on which the security is traded. Portfolio securities listed on the NASDAQ Stock Market, Inc. (“NASDAQ”)
 
will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If there has been no sale
 
on such exchange or on NASDAQ on such day, the security is valued at the mean between the most recent bid and asked prices on
 
such day or the security shall be valued at the latest sales price on the "composite market" for the day such security is being valued.
 
The composite market is defined as a consolidation of the trade information provided by national securities and foreign exchanges
 
and over-the-counter markets as published by a pricing service.
               
 
If market quotations are not readily available, a security or other asset will be valued at its fair value as determined under fair value
 
pricing procedures approved by the Board of Trustees. These fair value pricing procedures will also be used to price a security when
 
corporate events, events in the securities market and/or world events cause the Adviser to believe that a security's last sale price may
 
not reflect its actual fair market value. The intended effect of using fair value pricing procedures is to ensure that the Funds are
 
accurately priced. The Board of Trustees will regularly evaluate whether the Funds' fair value pricing procedures continue to be
 
appropriate in light of the specific circumstances of the Funds and the quality of prices obtained through the application of such
 
procedures by the Trust's valuation committee.
               
 
Foreign securities will be priced in their local currencies as of the close of their primary exchange or market or as of the time the Fund
 
calculates its NAV, whichever is earlier. Foreign securities, currencies and other assets denominated in foreign currencies are then
 
translated into U.S. dollars at the exchange rate of such currencies against the U.S. dollar, as provided by an approved pricing service
 
or reporting agency.  All assets denominated in foreign currencies will be converted into U.S. dollars using the applicable currency
 
exchange rates as of the close of the New York Stock Exchange (“NYSE”),  generally 4:00 p.m. Eastern Time.
               
 
Debt securities, including short-term debt instruments having a maturity of 60 days or less, are valued at the mean in accordance with
 
prices supplied by an approved pricing service. Pricing services may use various valuation methodologies such as the mean between
 
the bid and the asked prices, matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. If
 
a price is not available from a pricing service, the most recent quotation obtained from one or more broker-dealers know to follow
 
the issue will be obtained. Quotations will be valued at the mean between the bid and the offer. Any discount or premium is accreted or
 
amortized using the constant yield method until maturity.
               
 
Money market funds, demand notes and repurchase agreements are valued at cost.  If cost does not represent current market value the
 
securities will be priced at fair value.
               
 
Redeemable securities issued by open-end, registered investment companies are valued at the NAVs of such companies for purchase
 
and/or redemption orders placed on that day.  All exchange-traded funds are valued at the last reported sale price on the exchange on
 
which the security is principally traded.
               
 
FASB Accounting Standards Codification, "Fair Value Measurement" Topic 820 ("ASC 820"), establishes an authoritative definition of
 
fair value and sets out a hierarchy for measuring fair value.  ASC 820 requires an entity  to evaluate certain factors to determine whether there
 
has been a significant decrease in volume and level of activity for the security such that recent transactions and quoted prices may not be
 
determinative of fair value and further analysis and adjustment may be necessary to estimate fair value. ASC 820 also requires enhanced
 
disclosure regarding the inputs and valuation techniques used to measure fair value in those instances as well as expanded disclosure of
 
valuation levels for major security types. Fair Value Measurements requires the Funds to classify their securities based on valuation method.
 
These inputs are summarized in the three broad levels listed below:
               
 
Level 1 - Quoted prices in active markets for identical securities.
 
Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit
 
risk, etc.)
 
Level 3 - Significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments.)
               
The inputs or methodology used for valuing securities are not necessarily an indication of risk associated with investing in those securities. The
following is a summary of the inputs used to value the Funds' investments carried at fair value as of November 30, 2022:
 

Bright Rock Mid Cap Growth Fund
 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Equity
                       
Common Stocks*
 
$
92,513,872
   
$
-
   
$
-
   
$
92,513,872
 
Money Market Funds
   
304
     
-
     
-
     
304
 
Total Investments in Securities
 
$
92,514,176
   
$
-
   
$
-
   
$
92,514,176
 
                                 
* For further breakdown of common stocks by industry type, please refer to the Schedule of Investments.
 
                                 
The Funds did not hold financial derivative instruments during the period presented.