0001145549-22-032420.txt : 20220526 0001145549-22-032420.hdr.sgml : 20220526 20220526124351 ACCESSION NUMBER: 0001145549-22-032420 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220526 PERIOD START: 20221231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRIDGES INVESTMENT FUND INC CENTRAL INDEX KEY: 0000014170 IRS NUMBER: 476027880 STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-01209 FILM NUMBER: 22967534 BUSINESS ADDRESS: STREET 1: 13333 CALIFORNIA STREET STREET 2: SUITE 500 CITY: OMAHA STATE: NE ZIP: 68154 BUSINESS PHONE: 402-397-4700 MAIL ADDRESS: STREET 1: 13333 CALIFORNIA STREET STREET 2: SUITE 500 CITY: OMAHA STATE: NE ZIP: 68154 0000014170 S000006176 Bridges Investment Fund, Inc. C000017015 Bridges Investment Fund, Inc. 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Chemed Corp 16359R103 3000.000000000000 NS USD 1519650.000000000000 0.6184970493 Long EC CORP US N 1 N N N Edwards Lifesciences Corp YA13X31F3V31L8TMPR58 Edwards Lifesciences Corp 28176E108 26000.000000000000 NS USD 3060720.000000000000 1.2457120315 Long EC CORP US N 1 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 Meta Platforms Inc 30303M102 27500.000000000000 NS USD 6114900.000000000000 2.4887622852 Long EC CORP US N 1 N N N First American Treasury Obliga N/A First American Treasury Obligations Fund 31846V328 2042168.570000000000 NS USD 2042168.570000000000 0.8311619351 Long STIV RF US N 1 N N N Generac Holdings Inc 529900S2H2AHJHSFFI84 Generac Holdings Inc 368736104 2000.000000000000 NS USD 594520.000000000000 0.2419694441 Long EC CORP US N 1 N N N Home Depot Inc/The QEKMOTMBBKA8I816DO57 Home Depot Inc/The 437076102 13000.000000000000 NS USD 3891290.000000000000 1.5837537479 Long EC CORP US N 1 N N N IAA Inc 549300PZCOPC5178W747 IAA Inc 449253103 68000.000000000000 NS USD 2601000.000000000000 1.0586061430 Long EC CORP US N 1 N N N Intercontinental Exchange Inc 5493000F4ZO33MV32P92 Intercontinental Exchange Inc 45866F104 27000.000000000000 NS USD 3567240.000000000000 1.4518655046 Long EC CORP US N 1 N N N IQVIA Holdings Inc 549300W3R20NM4KQPH86 IQVIA Holdings Inc 46266C105 3250.000000000000 NS USD 751432.500000000000 0.3058327799 Long EC CORP US N 1 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625H100 30000.000000000000 NS USD 4089600.000000000000 1.6644658525 Long EC CORP US N 1 N N N Lowe's Cos Inc WAFCR4OKGSC504WU3E95 Lowe's Cos Inc 548661107 16000.000000000000 NS USD 3235040.000000000000 1.3166602141 Long EC CORP US N 1 N N N Mastercard Inc AR5L2ODV9HN37376R084 Mastercard Inc 57636Q104 48000.000000000000 NS USD 17154240.000000000000 6.9817700278 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 52000.000000000000 NS USD 16032120.000000000000 6.5250675575 Long EC CORP US N 1 N N N NVIDIA Corp 549300S4KLFTLO7GSQ80 NVIDIA Corp 67066G104 37000.000000000000 NS USD 10095820.000000000000 4.1089954135 Long EC CORP US N 1 N N N Old Dominion Freight Line Inc 5299009TWK32WE417T96 Old Dominion Freight Line Inc 679580100 23000.000000000000 NS USD 6869640.000000000000 2.7959412165 Long EC CORP US N 1 N N N Palo Alto Networks Inc 549300QXR2YVZV231H43 Palo Alto Networks Inc 697435105 11000.000000000000 NS USD 6847610.000000000000 2.7869750138 Long EC CORP US N 1 N N N PayPal Holdings Inc 5493005X2GO78EFZ3E94 PayPal Holdings Inc 70450Y103 35000.000000000000 NS USD 4047750.000000000000 1.6474329163 Long EC CORP US N 1 N N N Progressive Corp/The 529900TACNVLY9DCR586 Progressive Corp/The 743315103 30000.000000000000 NS USD 3419700.000000000000 1.3918167732 Long EC CORP US N 1 N N N S&P Global Inc Y6X4K52KMJMZE7I7MY94 S&P Global Inc 78409V104 13000.000000000000 NS USD 5332340.000000000000 2.1702606230 Long EC CORP US N 1 N N N SVB Financial Group 549300D2KJ20JMXE7542 SVB Financial Group 78486Q101 12000.000000000000 NS USD 6713400.000000000000 2.7323515880 Long EC CORP US N 1 N N N salesforce.com Inc RCGZFPDMRW58VJ54VR07 salesforce.com Inc 79466L302 15000.000000000000 NS USD 3184800.000000000000 1.2962125506 Long EC CORP US N 1 N N N ServiceNow Inc 549300HJTQM36M0E1G39 ServiceNow Inc 81762P102 1000.000000000000 NS USD 556890.000000000000 0.2266540465 Long EC CORP US N 1 N N N Sherwin-Williams Co/The Z15BMIOX8DDH0X2OBP21 Sherwin-Williams Co/The 824348106 3000.000000000000 NS USD 748860.000000000000 0.3047857733 Long EC CORP US N 1 N N N Starbucks Corp OQSJ1DU9TAOC51A47K68 Starbucks Corp 855244109 15000.000000000000 NS USD 1364550.000000000000 0.5553714004 Long EC CORP US N 1 N N N Terminix Global Holdings Inc 549300GS10644JGL8R77 Terminix Global Holdings Inc 88087E100 60000.000000000000 NS USD 2737800.000000000000 1.1142836979 Long EC CORP US N 1 N N N Texas Pacific Land Corp N/A Texas Pacific Land Corp 88262P102 1000.000000000000 NS USD 1352110.000000000000 0.5503083245 Long EC CORP US N 1 N N N Thermo Fisher Scientific Inc HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific Inc 883556102 8000.000000000000 NS USD 4725200.000000000000 1.9231548431 Long EC CORP US N 1 N N N TransUnion 549300ZS772LUNUMRB03 TransUnion 89400J107 40000.000000000000 NS USD 4133600.000000000000 1.6823738380 Long EC CORP US N 1 N N N Ulta Beauty Inc 529900CIV6HN8M28YM82 Ulta Beauty Inc 90384S303 3000.000000000000 NS USD 1194660.000000000000 0.4862262264 Long EC CORP US N 1 N N N Union Pacific Corp 549300LMMRSZZCZ8CL11 Union Pacific Corp 907818108 23500.000000000000 NS USD 6420435.000000000000 2.6131149295 Long EC CORP US N 1 N N N UnitedHealth Group Inc 549300GHBMY8T5GXDE41 UnitedHealth Group Inc 91324P102 13000.000000000000 NS USD 6629610.000000000000 2.6982490856 Long EC CORP US N 1 N N N Visa Inc 549300JZ4OKEHW3DPJ59 Visa Inc 92826C839 38000.000000000000 NS USD 8427260.000000000000 3.4298920433 Long EC CORP US N 1 N N N Wells Fargo & Co PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746101 75000.000000000000 NS USD 3634500.000000000000 1.4792403025 Long EC CORP US N 1 N N N Alcon Inc 549300LDT5AP8S0NBM78 Alcon Inc H01301128 35500.000000000000 NS USD 2816215.000000000000 1.1461985771 Long EC CORP CH N 1 N N N 2022-05-25 Bridges Investment Fund Inc /s/ Nancy K. Dodge Nancy K. Dodge Secretary, Treasurer, and CCO XXXX NPORT-EX 2 bridgessoi33122.htm
BRIDGES INVESTMENT FUND, INC.
 
SCHEDULE OF INVESTMENTS
 
MARCH 31, 2022
(unaudited)

Title of Security
Shares
   
Cost
   
Value
COMMON STOCKS - 99.35%
             
Administrative and Support Services - 14.86%
             
 
MasterCard, Inc. - Class A
                 48,000
  $
             788,884
  $
         17,154,240
 
PayPal Holdings, Inc. (a)
                 35,000
   
               871,561
   
            4,047,750
 
Terminix Global Holdings, Inc. (a)
                 60,000
   
            2,174,916
   
            2,737,800
 
TransUnion
                 40,000
   
            3,502,992
   
            4,133,600
 
Visa, Inc. - Class A
                 38,000
   
            1,061,121
   
            8,427,260
         
            8,399,474
   
          36,500,650
Broadcasting (except Internet) - 0.48%
             
 
Cable One, Inc.
                      800
   
            1,607,999
   
            1,171,392
Building Material and Garden Equipment and Supplies Dealers - 2.90%
             
 
Home Depot, Inc.
                 13,000
   
            1,941,152
   
            3,891,290
 
Lowe's Companies, Inc.
                 16,000
   
            1,631,716
   
            3,235,040
         
            3,572,868
   
            7,126,330
Chemical Manufacturing - 0.30%
             
 
The Sherwin-Williams Co.
                   3,000
   
               711,670
   
               748,860
Computer and Electronic Product Manufacturing - 26.78%
             
 
Alphabet, Inc. - Class A (a)
                   4,000
   
               847,060
   
          11,125,400
 
Alphabet, Inc. - Class C (a)
                   4,010
   
               844,083
   
          11,199,890
 
Apple, Inc.
               164,000
   
               661,466
   
          28,636,039
 
NVIDIA Corp.
                 37,000
   
            2,105,831
   
          10,095,820
 
Thermo Fisher Scientific, Inc.
                   8,000
   
            1,773,523
   
            4,725,200
         
            6,231,963
   
          65,782,349
Credit Intermediation and Related Activities - 5.88%
             
 
JPMorgan Chase & Co.
                 30,000
   
            1,721,192
   
            4,089,600
 
SVB Financial Group (a)
                 12,000
   
            2,426,971
   
            6,713,400
 
Wells Fargo & Co.
                 75,000
   
            2,190,904
   
            3,634,500
         
            6,339,067
   
          14,437,500
Electrical Equipment, Appliance, and Component Manufacturing - 0.24%
             
 
Generac Holdings, Inc. (a)
                   2,000
   
               607,437
   
               594,520
Food Services and Drinking Places - 1.04%
             
 
Casey's General Stores, Inc.
                   6,000
   
               989,889
   
            1,189,020
 
Starbucks Corp.
                 15,000
   
               287,321
   
            1,364,550
         
            1,277,210
   
            2,553,570
Funds, Trusts, and Other Financial Vehicles -   1.15%
             
 
Alcon, Inc. - ADR
                 35,500
   
            2,087,585
   
            2,816,215
Health and Personal Care Stores - 0.49%
             
 
Ulta Beauty, Inc. (a)
                   3,000
   
            1,109,837
   
            1,194,660
Insurance Carriers and Related Activities - 6.96%
             
 
Berkshire Hathaway, Inc. - Class B (a)
                 20,000
   
               678,649
   
            7,058,200
 
The Progressive Corp.
                 30,000
   
            2,368,209
   
            3,419,700
 
UnitedHealth Group, Inc.
                 13,000
   
            3,145,097
   
            6,629,610
         
            6,191,955
   
          17,107,510
Merchant Wholesalers, Durable Goods - 1.06%
             
 
IAA, Inc.(a)
                 68,000
   
            2,831,213
   
            2,601,000
Miscellaneous Manufacturing - 1.25%
             
 
Edwards Lifesciences Corp. (a)
                 26,000
   
            1,872,066
   
            3,060,720
Nonstore Retailers - 6.64%
             
 
Amazon.com, Inc.(a)
                   5,000
   
            1,231,664
   
          16,299,750
Other Information Services - 2.49%
             
 
Meta Platforms, Inc. - Class A (a)
                 27,500
   
            3,597,112
   
            6,114,900
Professional, Scientific & Technical Services - 3.33%
             
 
IQVIA Holdings, Inc. (a)
                   3,250
   
               616,405
   
               751,433
 
Palo Alto Networks, Inc. (a)
                 11,000
   
            2,379,071
   
            6,847,610
 
ServiceNow, Inc.(a)
                   1,000
   
               530,231
   
               556,890
         
            3,525,707
   
            8,155,933
Publishing Industries (except Internet) - 11.19%
             
 
Adobe, Inc. (a)
                 12,000
   
            3,463,758
   
            5,467,440
 
Autodesk, Inc. (a)
                 13,000
   
            1,985,801
   
            2,786,550
 
Microsoft Corp.
                 52,000
   
            6,470,467
   
          16,032,120
 
salesforce.com, Inc. (a)
                 15,000
   
            2,246,082
   
            3,184,800
         
          14,166,108
   
          27,470,910
Rail Transportation - 2.60%
             
 
Union Pacific Corp.
                 23,500
   
               692,213
   
            6,420,435
Real Estate - 0.56%
             
 
American Tower Corp.
                   5,500
   
            1,235,930
   
            1,381,710
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 6.35%
             
 
BlackRock, Inc.
                   5,000
   
            1,435,942
   
            3,820,850
 
Chemed Corp.
                   3,000
   
            1,360,001
   
            1,519,650
 
Intercontinental Exchange, Inc.
                 27,000
   
            2,654,242
   
            3,567,240
 
S&P Global, Inc.
                 13,000
   
            2,334,390
   
            5,332,340
 
Texas Pacific Land Corp.
                   1,000
   
               810,904
   
            1,352,110
         
            8,595,479
   
          15,592,190
Truck Transportation - 2.80%
             
 
Old Dominion Freight Line, Inc.
                 23,000
   
            2,127,790
   
            6,869,640
                 
 
TOTAL COMMON STOCKS
     
          78,012,347
   
        244,000,744
                 
SHORT-TERM INVESTMENTS - 0.85%
             
Mutual Funds - 0.85%
             
 
First American Treasury Obligations Fund - Class X 0.22% (b)
            2,081,035
   
            2,081,035
   
            2,081,035
 
TOTAL SHORT-TERM INVESTMENTS
     
            2,081,035
   
            2,081,035
                 
                 
TOTAL INVESTMENTS - 100.20%
    $
    80,093,382.00
   
        246,081,779
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.20)%
           
             (484,738)
TOTAL NET ASSETS - 100.00%
          $
      245,597,041
                 
ADR
American Depository Receipt
             

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 March 31, 2022.
     

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 March 31, 2022 maximized the use of
     
observable inputs and minimized the use of unobservable inputs.  During the three months ended March 31, 2022, no securities
     
held by the Fund were deemed as Level 3.
         
             
The following is a summary of the inputs used as of March 31, 2022, in valuing the Fund's investments carried at fair value:
     

Description
 
Level 1
   
Level 2
   
Level 3
   
Total
 
                         
Investments
                       
Common Stocks
 
$
244,000,744
   
$
-
   
$
-
   
$
244,000,744
 
Short-Term Investments
   
2,081,035
     
-
     
-
     
2,081,035
 
Total Investments in Securities
 
$
246,081,779
   
$
-
   
$
-
   
$
246,081,779
 

Refer to the Schedule of Investments for further information on the classification of investments.