NPORT-EX 2 bridgespartf.htm N-PORT EX

BRIDGES INVESTMENT FUND, INC.
   
SCHEDULE OF INVESTMENTS
   
SEPTEMBER 30, 2020
(unaudited)

Title of Security
  
Shares
    
Cost
    
Value
  
COMMON STOCKS - 93.05%
                  
Administrative and Support Services - 6.99%
                  
Alcon, Inc. (a)
    
30,000
    
$
1,710,029
    
$
1,708,500
  
Booking Holdings, Inc. (a)
    
2,000
      
1,459,049
      
3,421,360
  
PayPal Holdings, Inc. (a)
    
35,000
      
871,561
      
6,896,050
  
ServiceMaster Global Holdings, Inc. (a)
    
30,000
      
905,892
      
1,196,400
  
TransUnion
    
25,000
      
2,013,923
      
2,103,250
  
           
$
6,960,454
    
$
15,325,560
  
Amusement, Gambling, and Recreation Industries - 1.70%
                        
The Walt Disney Co.
    
30,000
    
$
1,588,580
    
$
3,722,400
  
Beverage and Tobacco Product Manufacturing - 0.82%
                        
PepsiCo, Inc.
    
13,000
    
$
632,331
    
$
1,801,800
  
Broadcasting (except Internet) - 0.84%
                        
Comcast Corp. - Class A
    
40,000
    
$
947,928
    
$
1,850,400
  
Building Material and Garden Equipment and Supplies Dealers - 2.56%
                        
Home Depot, Inc.
    
13,000
    
$
1,941,152
    
$
3,610,230
  
Lowe's Companies, Inc.
    
12,000
      
966,066
      
1,990,320
  
           
$
2,907,218
    
$
5,600,550
  
Chemical Manufacturing - 1.84%
                        
Amgen, Inc.
    
10,000
    
$
1,609,946
    
$
2,541,600
  
Johnson & Johnson
    
10,000
      
866,300
      
1,488,800
  
           
$
2,476,246
    
$
4,030,400
  
Computer and Electronic Product Manufacturing - 21.14%
                        
Alphabet, Inc. - Class A (a)
    
4,000
    
$
847,060
    
$
5,862,400
  
Alphabet, Inc. - Class C (a)
    
4,010
      
844,083
      
5,893,096
  
Apple, Inc.
    
180,000
      
756,933
      
20,845,800
  
Ecolab, Inc.
    
15,000
      
1,436,988
      
2,997,600
  
NVIDIA Corp.
    
10,000
      
2,316,829
      
5,412,200
  
Palo Alto Networks, Inc. (a)
    
11,000
      
2,379,071
      
2,692,250
  
Thermo Fisher Scientific, Inc.
    
6,000
      
879,267
      
2,649,120
  
           
$
9,460,231
    
$
46,352,466
  
Credit Intermediation and Related Activities - 3.33%
                        
JPMorgan Chase & Co.
    
30,000
    
$
1,721,192
    
$
2,888,100
  
SVB Financial Group (a)
    
12,000
      
2,426,971
      
2,887,440
  
Wells Fargo & Co.
    
65,000
      
1,722,623
      
1,528,150
  
           
$
5,870,786
    
$
7,303,690
  
Data Processing, Hosting and Related Services - 0.94%
                        
Fiserv, Inc. (a)
    
20,000
    
$
971,166
    
$
2,061,000
  
Electrical Equipment, Appliance, and Component Manufacturing - 0.93%
                        
Eaton Corp. Plc
    
20,000
    
$
834,912
    
$
2,040,600
  
Food Services and Drinking Places - 1.42%
                        
Casey's General Stores, Inc.
    
3,000
    
$
439,892
    
$
532,950
  
Starbucks Corp.
    
30,000
      
561,000
      
2,577,600
  
           
$
1,000,892
    
$
3,110,550
  
Insurance Carriers and Related Activities - 4.66%
                        
Berkshire Hathaway, Inc. - Class B (a)
    
20,000
    
$
678,649
    
$
4,258,800
  
The Progressive Corp.
    
20,000
      
1,409,657
      
1,893,400
  
UnitedHealth Group, Inc.
    
13,000
      
3,145,097
      
4,053,010
  
           
$
5,233,403
    
$
10,205,210
  
Machinery Manufacturing - 1.44%
                        
Roper Technologies, Inc.
    
8,000
    
$
335,931
    
$
3,160,880
  
Merchant Wholesalers, Durable Goods - 1.19%
                        
IAA, Inc. (a)
    
50,000
    
$
1,900,153
    
$
2,603,500
  
Miscellaneous Manufacturing - 0.44%
                        
Edwards Lifesciences Corp. (a)
    
12,000
    
$
714,536
    
$
957,840
  
Nonstore Retailers - 7.18%
                        
Amazon.com, Inc. (a)
    
5,000
    
$
1,231,664
    
$
15,743,650
  
Other Information Services - 2.63%
                        
Facebook, Inc. - Class A (a)
    
22,000
    
$
2,108,799
    
$
5,761,800
  
Petroleum and Coal Products Manufacturing - 0.49%
                        
Chevron Corp.
    
15,000
    
$
1,086,832
    
$
1,080,000
  
Professional, Scientific, and Technical Services - 11.82%
                        
MasterCard, Inc. - Class A
    
53,000
    
$
890,386
    
$
17,923,010
  
Visa, Inc. - Class A
    
40,000
      
1,087,480
      
7,998,800
  
           
$
1,977,866
    
$
25,921,810
  
Publishing Industries (except Internet) - 10.76%
                        
Adobe, Inc. (a)
    
12,000
    
$
3,463,758
    
$
5,885,160
  
Autodesk, Inc. (a)
    
13,000
      
1,985,801
      
3,003,130
  
Microsoft Corp.
    
52,000
      
6,470,467
      
10,937,160
  
salesforce.com, Inc. (a)
    
15,000
      
2,246,082
      
3,769,800
  
           
$
14,166,108
    
$
23,595,250
  
Rail Transportation - 2.51%
                        
Union Pacific Corp.
    
28,000
    
$
806,918
    
$
5,512,360
  
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 5.44%
                        
BlackRock, Inc.
    
10,000
    
$
2,494,205
    
$
5,635,500
  
Intercontinental Exchange, Inc.
    
16,000
      
1,399,966
      
1,600,800
  
S&P Global, Inc.
    
13,000
      
2,334,390
      
4,687,800
  
           
$
6,228,561
    
$
11,924,100
  
Truck Transportation - 1.98%
                        
Old Dominion Freight Line, Inc.
    
24,000
    
$
2,220,361
    
$
4,342,080
  
TOTAL COMMON STOCKS
          
$
71,661,876
    
$
204,007,896
  
                         
SHORT-TERM INVESTMENT - 7.10%
                        
Mutual Funds - 7.10%
                        
First American Treasury Obligations Fund - Class X, 0.056% (b)
    
15,569,755
    
$
15,569,755
    
$
15,569,755
  
TOTAL SHORT-TERM INVESTMENT
          
$
15,569,755
    
$
15,569,755
  
                         
TOTAL INVESTMENTS - 100.15%
          
$
87,231,631
    
$
219,577,651
  
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.15)%
                    
(321,524
)
TOTAL NET ASSETS - 100.00%
                  
$
219,256,127
  

Percentages are stated as a percent of net assets.
          
             
(a) 
Non-income producing.
          
(b) 
The rate shown is the annualized seven day yield as of September 30 ,2020.
             
The accompanying notes are an integral part of the Schedule of Investments.
 

Notes to Schedule of Investments
      
           
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 - Unadjusted quoted prices in active markets for identical investments.
        
• Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.
  
   These inputs may include quoted prices for the identical instrument on an inactive market, prices of similar instruments, interest rates,
  
    prepayment speeds, credit risk, yield curves, default rates and similar data.
        
• Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own
  
    assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
           
The valuation techniques used by the Fund to measure fair value for the three months ended September 30, 2020 maximized the use of observable inputs and minimized the use of unobservable inputs.  During the three months ended September 30, 2020, no securities held by the Fund were deemed as Level 3.
  

The following is a summary of the inputs used as of September 30, 2020, in valuing the Fund's investments carried at fair value:
              
                         
Description
  
Level 1
    
Level 2
    
Level 3
    
Total
  
                         
Investments
                        
Common Stocks
  
$
204,007,896
    
$
-
    
$
-
    
$
204,007,896
  
Short-Term Investments
    
15,569,755
      
-
      
-
      
15,569,755
  
Total Investments in Securities
  
$
219,577,651
    
$
-
    
$
-
    
$
219,577,651
  
                                 
Refer to the Schedule of Investments for further information on the classification of investments.