NPORT-EX 2 bridgessoi093022.htm

BRIDGES INVESTMENT FUND, INC.
      
         
SCHEDULE OF INVESTMENTS
      
         
SEPTEMBER 30, 2022
      
(Unaudited)
      

Title of Security
Shares
    
Cost
    
Value
COMMON STOCKS - 99.48%
              
Administrative and Support Services - 13.88%
              
 
MasterCard, Inc. - Class A
                            44,000
   $
              725,399
   $
         12,510,960
 
PayPal Holdings, Inc.(a)
                            35,000
    
               871,561
    
            3,012,450
 
TransUnion
                            44,500
    
            3,683,029
    
            2,647,305
 
Visa, Inc. - Class A
                            38,000
    
            1,061,121
    
            6,750,700
         
            6,341,110
    
          24,921,415
Ambulatory Health Care Services - 1.15%
              
 
Alcon, Inc. - ADR
                            35,500
    
            2,087,585
    
            2,065,390
Broadcasting (except Internet) - 0.62%
              
 
Cable One, Inc.
                              1,300
    
            1,810,451
    
            1,108,965
Building Material and Garden Equipment and Supplies Dealers - 3.67%
              
 
Home Depot, Inc.
                            13,000
    
            1,941,152
    
            3,587,220
 
Lowe's Companies, Inc.
                            16,000
    
            1,631,716
    
            3,004,960
         
            3,572,868
    
            6,592,180
Chemical Manufacturing - 0.34%
              
 
The Sherwin-Williams Co.
                              3,000
    
               711,670
    
               614,250
Computer and Electronic Product Manufacturing - 25.33%
              
 
Alphabet, Inc. - Class A(a)
                            80,000
    
               847,060
    
            7,652,000
 
Alphabet, Inc. - Class C(a)
                            80,200
    
               844,083
    
            7,711,230
 
Apple, Inc.
                          156,000
    
               613,733
    
          21,559,200
 
NVIDIA Corp.
                            37,000
    
            2,105,830
    
            4,491,430
 
Thermo Fisher Scientific, Inc.
                              8,000
    
            1,773,523
    
            4,057,520
         
            6,184,229
    
          45,471,380
Credit Intermediation and Related Activities - 4.89%
              
 
JPMorgan Chase & Co.
                            30,000
    
            1,721,192
    
            3,135,000
 
SVB Financial Group(a)
                            12,000
    
            2,426,972
    
            4,029,360
 
Wells Fargo & Co.
                            40,000
    
            1,439,136
    
            1,608,800
         
            5,587,300
    
            8,773,160
Electrical Equipment, Appliance, and Component Manufacturing - 0.40%
              
 
Generac Holdings, Inc.(a)
                              4,000
    
            1,104,888
    
               712,560
Fabricated Metal Product Manufacturing - 0.11%
              
 
BWX Technologies, Inc.
                              4,000
    
               224,335
    
               201,480
Food Services and Drinking Places - 0.68%
              
 
Casey's General Stores, Inc.
                              6,000
    
               989,889
    
            1,215,120
Health and Personal Care Stores - 0.67%
              
 
Ulta Beauty, Inc.(a)
                              3,000
    
            1,109,837
    
            1,203,570
Insurance Carriers and Related Activities - 8.56%
              
 
Berkshire Hathaway, Inc. - Class B(a)
                            20,000
    
               678,649
    
            5,340,400
 
The Progressive Corp.
                            30,000
    
            2,368,209
    
            3,486,300
 
UnitedHealth Group, Inc.
                            13,000
    
            3,145,097
    
            6,565,520
         
            6,191,955
    
          15,392,220
Merchant Wholesalers, Durable Goods - 1.14%
              
 
IAA, Inc.(a)
                            64,000
    
            2,640,028
    
            2,038,400
Miscellaneous Manufacturing - 1.67%
              
 
Edwards Lifesciences Corp.(a)
                            26,000
    
            1,872,067
    
            2,148,380
 
Intuitive Surgical, Inc.(a)
                              4,500
    
            1,067,051
    
               843,480
         
            2,939,118
    
            2,991,860
Nonstore Retailers - 6.29%
              
 
Amazon.com, Inc.(a)
                          100,000
    
            1,231,664
    
          11,300,000
Oil and Gas Extraction - 0.87%
              
 
EOG Resources, Inc.
                            14,000
    
            1,529,436
    
            1,564,220
Other Information Services - 2.08%
              
 
Meta Platforms, Inc. - Class A(a)
                            27,500
    
            3,597,112
    
            3,731,200
Plastics and Rubber Products Manufacturing - 0.48%
              
 
AptarGroup, Inc.
                              9,000
    
            1,044,151
    
               855,270
Professional, Scientific & Technical Services - 4.18%
              
 
IQVIA Holdings, Inc.(a)
                              3,250
    
               616,405
    
               588,705
 
Palo Alto Networks, Inc.(a)
                            33,000
    
            2,379,070
    
            5,405,070
 
ServiceNow, Inc.(a)
                              4,000
    
            2,057,391
    
            1,510,440
         
            5,052,866
    
            7,504,215
Publishing Industries (except Internet) - 9.79%
              
 
Adobe, Inc.(a)
                            12,000
    
            3,463,759
    
            3,302,400
 
Microsoft Corp.
                            52,000
    
            6,470,467
    
          12,110,800
 
Salesforce.com, Inc.(a)
                            15,000
    
            2,246,082
    
            2,157,600
         
          12,180,308
    
          17,570,800
Rail Transportation - 2.18%
              
 
Union Pacific Corp.
                            20,050
    
               606,981
    
            3,906,141
Real Estate - 0.66%
              
 
American Tower Corp.
                              5,500
    
            1,235,930
    
            1,180,850
                 
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 6.66%
            
 
BlackRock, Inc.
                              5,000
    
            1,435,942
    
            2,751,400
 
Chemed Corp.
                              3,800
    
            1,779,811
    
            1,658,928
 
Intercontinental Exchange, Inc.
                            20,000
    
            1,965,672
    
            1,807,000
 
S&P Global, Inc.
                            13,000
    
            2,334,390
    
            3,969,550
 
Texas Pacific Land Corp.
                              1,000
    
               810,904
    
            1,777,230
         
            8,326,719
    
          11,964,108
Truck Transportation - 3.18%
              
 
Old Dominion Freight Line, Inc.
                            23,000
    
            2,127,790
    
            5,721,710
                 
 
TOTAL COMMON STOCKS
      
          78,428,220
    
        178,600,464
                 
                 
SHORT-TERM INVESTMENTS - 0.70%
              
Mutual Funds - 0.70%
              
 
First American Treasury Obligations Fund - Class X 2.87% (b)
                       1,263,203
    
            1,263,203
    
            1,263,203
 
TOTAL SHORT-TERM INVESTMENTS
      
            1,263,203
    
            1,263,203
                 
TOTAL INVESTMENTS - 100.18%
      
          79,691,423
    
        179,863,667
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.18)%
            
             (331,688)
TOTAL NET ASSETS - 100.00%
           $
    179,531,979
                 
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 September 30, 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 nine months ended September 30, 2022 maximized the use of
observable inputs and minimized the use of unobservable inputs.  During the nine months ended September 30, 2022, no securities
held by the Fund were deemed as Level 3.
          
             
The following is a summary of the inputs used as of September 30, 2022, in valuing the Fund's investments carried at fair value:

Description
  
Level 1
    
Level 2
    
Level 3
    
Total
  
                         
Investments
                        
Common Stocks
  
$
178,600,464
    
$
-
    
$
-
    
$
178,600,464
  
Short-Term Investments
    
1,263,203
      
-
      
-
      
1,263,203
  
Total Investments in Securities
  
$
179,863,667
    
$
-
    
$
-
    
$
179,863,667
  
                                 
Refer to the Schedule of Investments for further information on the classification of investments.