N-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number  811-01209

Bridges Investment Fund, Inc.

(Exact name of registrant as specified in charter)

8401 West Dodge Road, Suite 256

Omaha, Nebraska 68114

(Address of principal executive offices) (Zip code)

Edson L. Bridges III

8401 West Dodge Road, Suite 256

Omaha, Nebraska 68114

(Name and address of agent for service)

(402) 397-4700

Registrant's telephone number, including area code

Date of fiscal year end: December 31, 2013

Date of reporting period: March 31, 2013

Item 1. Schedule of Investments.

BRIDGES INVESTMENT FUND, INC.
SCHEDULE OF INVESTMENTS
MARCH 31, 2013
(Unaudited)
Title of Security		Shares		Cost		Value
COMMON STOCKS - 88.08%
Ambulatory Health Care Services - 0.77%
	DaVita Healthcare Partners, Inc. (a)		5,900	$	690,827	$	699,681
Amusement, Gambling, and Recreation Industries - 1.44%
	The Walt Disney Co.		23,000		962,239		1,306,400
Beverage and Tobacco Product Manufacturing - 3.92%
	Altria Group, Inc.		25,000		478,400		859,750
	PepsiCo, Inc.		13,000		632,331		1,028,430
	Philip Morris International, Inc.		18,000		628,549		1,668,780
					1,739,280		3,556,960
Broadcasting (except Internet) - 2.49%
	DIRECTV (a)		40,000		1,657,230		2,264,400
Chemical Manufacturing - 2.75%
	Actavis, Inc. (a)		15,000		1,309,354		1,381,650
	Allergan, Inc.		10,000		412,855		1,116,300
					1,722,209		2,497,950
Computer and Electronic Product Manufacturing - 11.69%
	Apple, Inc.		11,000		1,283,013		4,868,930
	EMC Corp. (a)		65,000		1,595,462		1,552,850
	QUALCOMM, Inc.		50,000		2,174,726		3,347,500
	Waters Corp. (a)		9,000		472,047		845,190
					5,525,248		10,614,470
Couriers and Messengers - 2.03%
	FedEx Corp.		10,000		688,396		982,000
	United Parcel Service, Inc. - Class B		10,000		671,348		859,000
					1,359,744		1,841,000
Credit Intermediation and Related Activities - 8.13%
	Capital One Financial Corp.		55,000		1,888,159		3,022,250
	Visa, Inc.		11,500		838,573		1,953,160
	Wells Fargo & Co.		65,000		1,614,548		2,404,350
					4,341,280		7,379,760
Food Services and Drinking Places - 2.59%
	McDonald's Corp.		15,000		1,130,056		1,495,350
	Starbucks Corp.		15,000		561,001		854,400
					1,691,057		2,349,750
Health and Personal Care Stores - 3.05%
	Express Scripts Holding Co. (a)		48,000		1,210,860		2,767,200
Heavy and Civil Engineering Construction - 2.19%
	Chicago Bridge & Iron Co. N.V. - ADR		32,000		1,135,154		1,987,200
Insurance Carriers and Related Activities - 2.30%
	Berkshire Hathaway, Inc. - Class B (a)		20,000		678,649		2,084,000
Machinery Manufacturing - 5.54%
	Caterpillar, Inc.		23,000		1,379,092		2,000,310
	General Electric Co.		65,000		909,338		1,502,800
	Roper Industries, Inc.		12,000		547,802		1,527,720
					2,836,232		5,030,830
Nonstore Retailers - 2.40%
	Amazon.com, Inc. (a)		3,500		565,147		932,715
	eBay, Inc. (a)		23,000		804,739		1,247,060
					1,369,886		2,179,775
Oil and Gas Extraction - 4.19%
	Anadarko Petroleum Corp.		20,000		1,335,558		1,749,000
	Apache Corp.		20,000		1,502,797		1,543,200
	Chesapeake Energy Corp.		25,000		549,984		510,250
					3,388,339		3,802,450
Other Information Services - 3.50%
	Google, Inc. - Class A (a)		4,000		1,691,413		3,176,120
Petroleum and Coal Products Manufacturing - 3.01%
	Chevron Corp.		23,000		1,061,445		2,732,860
Professional, Scientific, and Technical Services - 13.62%
	Accenture PLC - Class A		20,000		1,123,676		1,519,400
	Biogen Idec, Inc. (a)		2,000		344,562		385,820

	Celgene Corp. (a)		18,500		1,465,263		2,144,335
	Cognizant Technology Solutions Corp. - Class A (a)		18,000		1,245,560		1,378,980
	Mastercard, Inc.		9,000		1,612,127		4,870,170
	priceline.com, Inc. (a)		3,000		1,554,059		2,063,790
					7,345,247		12,362,495
Publishing Industries (except Internet) - 0.95%
	Microsoft Corp.		30,000		921,971		858,300
Rail Transportation - 4.23%
	Union Pacific Corp.		27,000		1,725,558		3,845,070
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.93%
	Blackrock, Inc.		6,000		1,191,187		1,541,280
	T. Rowe Price Group, Inc.		15,000		725,747		1,123,050
					1,916,934		2,664,330
Support Activities for Mining - 1.65%
	Schlumberger Ltd.		20,000		1,613,272		1,497,800
Telecommunications - 0.35%
	Valmont Industries, Inc.		2,000		320,736		314,540
Transportation Equipment Manufacturing - 2.36%
	Eaton Corp. PLC		35,000		1,816,696		2,143,750
	TOTAL COMMON STOCKS			$	48,721,506	$	79,957,091
EXCHANGE TRADED FUNDS - 9.37%
Funds, Trusts, and Other Financial Vehicles - 9.37%
	iShares Core S&P Mid-Cap ETF		40,000	$	3,684,766	$	4,602,800
	iShares Core S&P Small-Cap ETF		35,000		2,407,647		3,047,100
	iShares MSCI Emerging Markets Index Fund		20,000		827,798		855,600
	TOTAL EXCHANGE TRADED FUNDS			$	6,920,211	$	8,505,500
		Principal Amount		Cost		Value
CORPORATE BONDS - 1.86%
Broadcasting (except Internet) - 0.26%
	Comcast Corp.
	6.500%, 01/15/2017		200,000	$	199,592	$	239,046
Building Material and Garden Equipment and Supplies Dealers - 0.25%
	Home Depot, Inc.
	5.400%, 03/01/2016		200,000		190,676		226,456
Funds, Trusts, and Other Financial Vehicles - 0.36%
	Spectra Energy Capital, LLC
	8.000%, 10/01/2019		250,000		264,622		329,756
General Merchandise Stores - 0.36%
	JC Penney Corp., Inc.
	7.400%, 04/01/2037		400,000		400,863		319,000
Machinery Manufacturing - 0.34%
	Applied Materials, Inc.
	7.125%, 10/15/2017		250,000		252,654		310,104
Oil and Gas Extraction - 0.29%
	Anadarko Petroleum Corp.
	7.625%, 03/15/2014		250,000		247,258		265,901
	TOTAL CORPORATE BONDS			$	1,555,665	$	1,690,263
		Shares		Cost		Value
SHORT-TERM INVESTMENTS - 0.72%
Mutual Fund - 0.72%
	SEI Daily Income Treasury Fund, 0.01% (b)		649,907	$	649,907	$	649,907
	TOTAL SHORT-TERM INVESTMENTS			$	649,907	$	649,907
TOTAL INVESTMENTS - 100.03%				$	57,847,289		90,802,761
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.03)%							(24,827	)
TOTAL NET ASSETS - 100.00%						$	90,777,934
Percentages are stated as a percent of the value of net assets.
ADR	American Depository Receipt
(a)	Non Income Producing

(b)	Variable rate security; the rate shown is the effective date as of March 31, 2013.
The cost basis of investments for federal income tax purposes at March 31, 2013 was as follows:1
Cost of Investments		$	57,847,289
Gross unrealized appreciation			33,305,021
Gross unrealized depreciation			(349,549	)
Net unrealized appreciation		$	32,955,472

1Because tax adjustments are calculated annually, the above table does not reflect tax adjustments. For the previous fiscal year's federal income tax

information, please refer to the Notes to Financial Statements section in the Fund's most recent semi-annual or annual report.

Financial Accounting Standards Board ("FASB") accounting standards codification "Fair Value Measurements and Disclosures" Topic 820 ("ASC 820"),

establishes an authoritative definition of fair value and sets out a hierarchy for measuring fair value. ASC 820 requires additional disclosures about the

various inputs used to develop the measurements of fair value. 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 the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund's net assets as of March 31, 2013:

Description	Level 1		Level 2		Level 3		Total
Investments
Common Stock	$	79,957,091	$	-	$	-	$	79,957,091
Exchange Traded Funds		8,505,500		-		-		8,505,500
Corporate Bonds		-		1,690,263		-		1,690,263
Short-Term Investments		649,907		-		-		649,907
Total Investments in Securities	$	89,112,498	$	1,690,263	$	-	$	90,802,761

There were no transfers between Levels 1 and 2 during the period ended March 31, 2013. Transfers between levels are recognized

at the end of the reporting period. Refer to the Schedule of Investments for further information on the classification of investments.

Item 2. Controls and Procedures.

(a)   The Registrant’s President/Chief Executive Officer and Treasurer/Chief Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) (17 CFR 270.30a-3(c)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(d)).

(b)   There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) (17 CFR 270.30a-3(d)) that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

Separate certifications for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)).  Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)  Bridges Investment Fund, Inc.                                                                                                                                            

By (Signature and Title) /s/ Edson L. Bridges III                                    

                                      Edson L. Bridges III, President and

                                      Chief Executive and Investment Officer

Date   5/20/2013                                                                                             

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)* /s/ Edson L. Bridges III                                   

                                              Edson L. Bridges III, President and

  Chief Executive and Investment Officer

Date   5/20/2013                                                                                             

By (Signature and Title)* /s/ Brian Kirkpatrick                                        

                                             Brian Kirkpatrick, Executive Vice President

Date   5/20/2013                                                                                             

By (Signature and Title)* /s/ Nancy K. Dodge                                        

                                              Nancy K. Dodge, Treasurer and

                                              Chief Compliance Officer

Date   5/20/2013                                                                                             

* Print the name and title of each signing officer under his or her signature.

EX-99.CERT

CERTIFICATION

I, Edson L. Bridges III, certify that:

1.   I have reviewed this report on Form N-Q of Bridges Investment Fund, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)for the registrant and have:

(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation;  

(d)  Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.   The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  May 20, 2013	­­/s/ Edson L. Bridges III
	Edson L. Bridges III President and Chief Executive and Investment Officer

CERTIFICATION

I, Brian Kirkpatrick, certify that:

1.   I have reviewed this report on Form N-Q of Bridges Investment Fund, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)for the registrant and have:

(a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)   Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation;

(d)   Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.   The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  May 20, 2013	/s/  Brian Kirkpatrick
	Brian Kirkpatrick Executive Vice President

CERTIFICATION

I, Nancy K. Dodge, certify that:

1. I have reviewed this report on Form N-Q of Bridges Investment Fund, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation;

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.   The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  May 20, 2013	/s/ Nancy K. Dodge
	Nancy K. Dodge Treasurer and Chief Compliance Officer