NPORT-EX 2 bridgessoi.htm
BRIDGES INVESTMENT FUND, INC.
  
   
SCHEDULE OF INVESTMENTS
  
   
SEPTEMBER 30, 2021
  
(unaudited)
  
Title of Security
  
Shares
    
Cost
    
Value
  
COMMON STOCKS - 99.16%
                  
Administrative and Support Services - 16.19%
                  
MasterCard, Inc. - Class A
    
50,000
    
$
820,627
    
$
17,384,000
  
PayPal Holdings, Inc.(a)
    
35,000
      
871,561
      
9,107,350
  
Terminix Global Holdings, Inc.(a)
    
60,000
      
2,174,916
      
2,500,200
  
TransUnion
    
40,000
      
3,502,992
      
4,492,400
  
Visa, Inc. - Class A
    
40,000
      
1,087,479
      
8,910,000
  
               
8,457,575
      
42,393,950
  
Broadcasting (except Internet) - 0.55%
                        
Cable One, Inc.
    
800
      
1,607,999
      
1,450,504
  
Building Material and Garden Equipment and Supplies Dealers - 2.87%
  
Home Depot, Inc.
    
13,000
      
1,941,152
      
4,267,380
  
Lowe's Companies, Inc.
    
16,000
      
1,631,716
      
3,245,760
  
               
3,572,868
      
7,513,140
  
Chemical Manufacturing - 0.32%
                        
The Sherwin-Williams Co.
    
3,000
      
711,670
      
839,190
  
Computer and Electronic Product Manufacturing - 23.83%
                        
Alphabet, Inc. - Class A(a)
    
4,000
      
847,060
      
10,694,080
  
Alphabet, Inc. - Class C(a)
    
4,010
      
844,083
      
10,687,893
  
Apple, Inc.
    
177,000
      
739,033
      
25,045,500
  
NVIDIA Corp.
    
40,000
      
2,316,828
      
8,286,400
  
Roper Technologies, Inc.
    
7,000
      
285,254
      
3,122,910
  
Thermo Fisher Scientific, Inc.
    
8,000
      
1,773,523
      
4,570,640
  
               
6,805,781
      
62,407,423
  
Credit Intermediation and Related Activities - 6.17%
                        
JPMorgan Chase & Co.
    
30,000
      
1,721,192
      
4,910,700
  
SVB Financial Group(a)
    
12,000
      
2,426,971
      
7,762,560
  
Wells Fargo & Co.
    
75,000
      
2,190,904
      
3,480,750
  
               
6,339,067
      
16,154,010
  
Data Processing, Hosting and Related Services - 0.83%
                        
Fiserv, Inc.(a)
    
20,000
      
971,166
      
2,170,000
  
Electrical Equipment, Appliance, and Component Manufacturing - 1.03%
  
Eaton Corp. Plc
    
18,000
      
751,421
      
2,687,580
  
Fabricated Metal Product Manufacturing - 0.98%
                        
BWX Technologies, Inc.
    
47,500
      
2,745,970
      
2,558,350
  
Food Services and Drinking Places - 1.70%
                        
Casey's General Stores, Inc.
    
6,000
      
989,889
      
1,130,700
  
Starbucks Corp.
    
30,000
      
561,001
      
3,309,300
  
               
1,550,890
      
4,440,000
  
Funds, Trusts, and Other Financial Vehicles - 1.09%
                        
Alcon, Inc. - ADR
    
35,500
      
2,087,585
      
2,856,685
  
Insurance Carriers and Related Activities - 5.06%
                        
Berkshire Hathaway, Inc. - Class B(a)
    
20,000
      
678,649
      
5,458,800
  
The Progressive Corp.
    
30,000
      
2,368,209
      
2,711,700
  
UnitedHealth Group, Inc.
    
13,000
      
3,145,098
      
5,079,620
  
               
6,191,956
      
13,250,120
  
Merchant Wholesalers, Durable Goods - 1.33%
                        
IAA, Inc.(a)
    
64,000
      
2,671,243
      
3,492,480
  
Miscellaneous Manufacturing - 1.12%
                        
Edwards Lifesciences Corp.(a)
    
26,000
      
1,872,066
      
2,943,460
  
Nonstore Retailers - 6.27%
                        
Amazon.com, Inc.(a)
    
5,000
      
1,231,664
      
16,425,200
  
Other Information Services - 3.56%
                        
Facebook, Inc. - Class A(a)
    
27,500
      
3,597,112
      
9,333,225
  
Plastics and Rubber Products Manufacturing - 0.46%
                        
AptarGroup, Inc.
    
10,000
      
1,323,914
      
1,193,500
  
Professional, Scientific & Technical Services - 2.31%
                        
IQVIA Holdings, Inc.(a)
    
3,250
      
616,405
      
778,505
  
Palo Alto Networks, Inc.(a)
    
11,000
      
2,379,071
      
5,269,000
  
               
2,995,476
      
6,047,505
  
Publishing Industries (except Internet) - 11.21%
                        
Adobe, Inc.(a)
    
12,000
      
3,463,758
      
6,908,640
  
Autodesk, Inc.(a)
    
13,000
      
1,985,801
      
3,707,210
  
Microsoft Corp.
    
52,000
      
6,470,467
      
14,659,840
  
salesforce.com, Inc.(a)
    
15,000
      
2,246,082
      
4,068,300
  
               
14,166,108
      
29,343,990
  
Rail Transportation - 2.10%
                        
Union Pacific Corp.
    
28,000
      
806,918
      
5,488,280
  
Real Estate - 0.56%
                        
American Tower Corp.
    
5,500
      
1,235,930
      
1,459,755
  
                           
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 7.00%
  
BlackRock, Inc.
    
8,500
      
2,223,080
      
7,128,610
  
Chemed Corp.
    
3,000
      
1,360,001
      
1,395,360
  
Intercontinental Exchange, Inc.
    
27,000
      
2,654,242
      
3,100,140
  
S&P Global, Inc.
    
13,000
      
2,334,390
      
5,523,570
  
Texas Pacific Land Corp.
    
1,000
      
810,904
      
1,209,360
  
               
9,382,617
      
18,357,040
  
Truck Transportation - 2.62%
                        
Old Dominion Freight Line, Inc.
    
24,000
      
2,220,361
      
6,863,520
  
                           
                           
TOTAL COMMON STOCKS
            
83,297,357
      
259,668,907
  
                           
                           
SHORT-TERM INVESTMENTS - 0.99%
                        
Mutual Funds - 0.99%
                        
First American Treasury Obligations Fund - Class X 0.01% (b)
    
2,589,825
      
2,589,825
      
2,589,825
  
TOTAL SHORT-TERM INVESTMENTS
            
2,589,825
      
2,589,825
  
                           
TOTAL INVESTMENTS - 100.15%
            
85,887,182
      
262,258,732
  
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.15)%
                    
(387,521
)
TOTAL NET ASSETS - 100.00%
                  
$
261,871,211
  

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, 2021.
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, 2021 maximized the use of
      
observable inputs and minimized the use of unobservable inputs.  During the three months ended September 30, 2021, no securities
      
held by the Fund were deemed as Level 3.
          
             
The following is a summary of the inputs used as of September 30, 2021, in valuing the Fund's investments carried at fair value:
      

Description
  
Level 1
    
Level 2
    
Level 3
    
Total
  
                         
Investments
                        
Common Stocks
  
$
259,668,907
    
$
-
    
$
-
    
$
259,668,907
  
Short-Term Investments
    
2,589,825
      
-
      
-
      
2,589,825
  
Total Investments in Securities
  
$
262,258,732
    
$
-
    
$
-
    
$
262,258,732
  
                                 
Refer to the Schedule of Investments for further information on the classification of investments.