0001145549-23-067257.txt : 20231117
0001145549-23-067257.hdr.sgml : 20231117
20231117130751
ACCESSION NUMBER: 0001145549-23-067257
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230930
FILED AS OF DATE: 20231117
DATE AS OF CHANGE: 20231117
PERIOD START: 20231231
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: 231417432
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
S000068561
Terra Firma US Concentrated Realty Equity Fund
C000219404
Institutional Class Shares
TFRIX
C000219405
Open Class Shares
TFREX
NPORT-P
1
primary_doc.xml
NPORT-P
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0001141819
XXXXXXXX
S000068561
C000219404
C000219405
Trust for Professional Managers
811-10401
0001141819
549300O1N816L3GGRD45
615 East Michigan Street
Milwaukee
53202
513-629-8104
Terra Firma US Concentrated Realty Equity Fund
S000068561
54930068A8D11GTGII09
2023-12-31
2023-09-30
N
20736165.140000000000
114827.270000000000
20621337.870000000000
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
American Tower Corp
5493006ORUSIL88JOE18
American Tower Corp
03027X100
9721.000000000000
NS
USD
1598618.450000000000
7.7522538066
Long
EC
CORP
US
N
1
N
N
N
Equity LifeStyle Properties In
529900PEQG66LENB6798
Equity LifeStyle Properties Inc
29472R108
10957.000000000000
NS
USD
698070.470000000000
3.3851851631
Long
EC
CORP
US
N
1
N
N
N
Extra Space Storage Inc
N/A
Extra Space Storage Inc
30225T102
17576.000000000000
NS
USD
2136890.080000000000
10.3625191220
Long
EC
CORP
US
N
1
N
N
N
Marriott International Inc/MD
225YDZ14ZO8E1TXUSU86
Marriott International Inc/MD
571903202
5520.000000000000
NS
USD
1085011.200000000000
5.2615946009
Long
EC
CORP
US
N
1
N
N
N
Prologis Inc
529900DFH19P073LZ636
Prologis Inc
74340W103
19064.000000000000
NS
USD
2139171.440000000000
10.3735822258
Long
EC
CORP
US
N
1
N
N
N
US BANK MMDA - USBFS 2
N/A
US BANK MMDA - USBFS 2
N/A
758349.160000000000
NS
USD
758349.160000000000
3.6774973805
Long
STIV
RF
US
N
1
N
N
N
American Homes 4 Rent
549300ZJUO7A58PNUW40
American Homes 4 Rent
02665T306
37111.000000000000
NS
USD
1250269.590000000000
6.0629896949
Long
EC
CORP
US
N
1
N
N
N
Hilton Worldwide Holdings Inc
549300HVGPK36ICB0B89
Hilton Worldwide Holdings Inc
43300A203
8357.000000000000
NS
USD
1255054.260000000000
6.0861922146
Long
EC
CORP
US
N
1
N
N
N
VICI Properties Inc
254900RKH6RY9KCJQH63
VICI Properties Inc
925652109
32246.000000000000
NS
USD
938358.600000000000
4.5504254182
Long
EC
CORP
US
N
1
N
N
N
Mid-America Apartment Communit
549300FQZKFR5YNSHZ21
Mid-America Apartment Communities Inc
59522J103
6400.000000000000
NS
USD
823360.000000000000
3.9927574301
Long
EC
CORP
US
N
1
N
N
N
AvalonBay Communities Inc
K9G90K85RBWD2LAGQX17
AvalonBay Communities Inc
053484101
9116.000000000000
NS
USD
1565581.840000000000
7.5920478578
Long
EC
CORP
US
N
1
N
N
N
Essex Property Trust Inc
549300TR2H2VEFX0NC60
Essex Property Trust Inc
297178105
7949.000000000000
NS
USD
1685903.410000000000
8.1755287684
Long
EC
CORP
US
N
1
N
N
N
Public Storage
549300LMZF40TKJ6DM64
Public Storage
74460D109
6992.000000000000
NS
USD
1842531.840000000000
8.9350742014
Long
EC
CORP
US
N
1
N
N
N
Alexandria Real Estate Equitie
MGCJBT4MKTQBVLNUIS88
Alexandria Real Estate Equities Inc
015271109
10130.000000000000
NS
USD
1014013.000000000000
4.9172997717
Long
EC
CORP
US
N
1
N
N
N
Equinix Inc
549300EVUN2BTLJ3GT74
Equinix Inc
29444U700
2510.000000000000
NS
USD
1822912.600000000000
8.8399337206
Long
EC
CORP
US
N
1
N
N
N
2023-10-18
Trust for Professional Managers
/s/John Buckel
John Buckel
President
XXXX
NPORT-EX
2
primary-document.htm
Terra
Firma
US
Concentrated
Realty
Equity
Fund
Schedule
of
Investments
September
30,
2023
(Unaudited)
Shares
Value
COMMON
STOCKS
—
11.35%
Traveler
Accommodation
—
11.35%
Hilton
Worldwide
Holdings,
Inc.
8,357
$
1,255,054
Marriott
International,
Inc.
-
Class
A
5,520
1,085,011
2,340,065
TOTAL
COMMON
STOCKS
(Cost
$2,123,201)
2,340,065
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
—
84.94%
Lessors
of
Real
Estate
—
69.66%
American
Homes
4
Rent
37,111
1,250,270
American
Tower
Corp.
9,721
1,598,618
AvalonBay
Communities,
Inc.
9,116
1,565,582
Equinix,
Inc.
2,510
1,822,913
Equity
LifeStyle
Properties,
Inc.
10,957
698,070
Essex
Property
Trust,
Inc.
7,949
1,685,903
Mid-America
Apartment
Communities,
Inc.
6,400
823,360
Prologis,
Inc.
19,064
2,139,171
Public
Storage
6,992
1,842,533
VICI
Properties,
Inc.
32,246
938,359
14,364,779
Offices
of
Real
Estate
Agents
and
Brokers
—
4.92%
Alexandria
Real
Estate
Equities,
Inc.
10,130
1,014,013
Warehousing
and
Storage
—
10.36%
Extra
Space
Storage,
Inc.
17,576
2,136,890
TOTAL
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
(Cost
$17,892,161)
17,515,682
Total
Investments
(Cost
$19,287,488)
—
96.29%
$19,855,747
Other
Assets
in
Excess
of
Liabilities
—
0.18%
765,585
TOTAL
NET
ASSETS
—
100.00%
$
20,621,332
Percentages
are
stated
as
a
percent
of
net
assets.
Notes
to
Schedule
of
Investments
September
30,
2023
(Unaudited)
Investment
Valuation
Each
equity
security
owned
by the
Fund
that
is
listed
on
a
securities
exchange,
except
for
securities
listed
on
the
NASDAQ
Stock
Market
LLC
(“NASDAQ”),
is
valued
at
its
last
sale
price
at
the
close
of
that
exchange
on
the
date
as
of
which
assets
are
valued.
If
a
security
is
listed
on
more
than
one
exchange,
the
Fund
will
use
the
price
on
the
exchange
that
the
Fund
generally
considers
to
be
the
principal
exchange
on
which
the
security
is
traded.
Fund
securities
listed
on
NASDAQ
will
be
valued
at
the
NASDAQ
Official
Closing
Price
(“NOCP”),
which
may
not
necessarily
represent
the
last
sale
price.
If
the
NOCP
is
not
available,
such
securities
shall
be
valued
at
the
last
sale
price
on
the
day
of
valuation.
If
there
has
been
no
sale
on
such
exchange
or
on
NASDAQ
on
such
day,
the
security
is
valued
at
(i)
the
mean
between
the
most
recent
quoted
bid
and
asked
prices
at
the
close
of
the
exchange
on
such
day
or
(ii)
the
latest
sales
price
on
the
Composite
Market
for
the
day
such
security
is
being
valued.
“Composite
Market”
means
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,
any
security
or
other
asset
will
be
valued
at
its
fair
value
in
accordance
with
Rule
2a-5
of
the
1940
Act
as
determined
under
the
Adviser's
fair
value
procedures,
subject
to
oversight
by
the
Board
of
Trustees.
These
fair
value
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
Fund
is
accurately
priced.
The
Adviser
will
regularly
evaluate
whether
the
Fund’s
fair
value
pricing
procedures
continue
to
be
appropriate
in
light
of
the
specific
circumstances
of
the
Fund
and
the
quality
of
prices
obtained
through
their
application
of
such
procedures.
In
the
case
of
foreign
securities,
the
occurrence
of
certain
events
after
the
close
of
foreign
markets,
but
prior
to
the
time
the
Fund’s
net
asset
value
(“NAV”)
is
calculated
(such
as
a
significant
surge
or
decline
in
the
U.S.
or
other
markets)
often
will
result
in
an
adjustment
to
the
trading
prices
of
foreign
securities
when
foreign
markets
open
on
the
following
business
day.
If
such
events
occur,
the
Fund
will
value
foreign
securities
at
fair
value,
taking
into
account
such
events,
in
calculating
the
NAV.
In
such
cases,
use
of
fair
valuation
can
reduce
an
investor’s
ability
to
seek
to
profit
by
estimating
the
Fund's
NAV
in
advance
of
the
time
the
NAV
is
calculated.
Redeemable
securities
issued
by
open-end,
registered
investment
companies,
including
money
market
mutual
funds,
are
valued
at
the
NAVs
of
such
companies
for
purchase
and/
or
redemption
orders
placed
on
that
day.
If,
on
a
particular
day,
a
share
of
an
investment
company
is
not
listed
on
NASDAQ,
such
security’s
fair
value
will
be
determined.
Money
market
mutual
funds
are
valued
at
cost.
If
cost
does
not
represent
current
market
value
the
securities
will
be
priced
at
fair
value.
Notes
to
Schedule
of
Investments
(Continued)
September
30,
2023
(Unaudited)
The
Trust has
adopted
Statement
of
Financial
Accounting
Standards,
“Fair
Value
Measurements
and
Disclosures,”
which
requires the
Fund
to
classify
its
securities
based
on
a
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
a
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
the
risk
associated
with
investing
in
those
securities.
The
following
is
a
summary
of
the
inputs
used
to
value
the
Fund's
investments
carried
at
fair
value
as
of
September
30,
2023:
Terra
Firma
US
Concentrated
Realty
Equity
Fund
Level
1
Level
2
Level
3
Total
Assets
(1)
:
Equities:
Common
Stocks
$
2,340,065
$
–
$
–
$
2,340,065
Real
Estate
Investment
Trusts
(REITs)
17,515,682
–
–
17,515,682
Total
Equity
Securities
19,855,747
–
–
19,855,747
Total
Investments
in
Securities
$
19,855,747
$
–
$
–
$
19,855,747
(1)
See
the
Schedule
of
Investments
for
industry
classifications.