0001145549-23-060489.txt : 20230929 0001145549-23-060489.hdr.sgml : 20230929 20230929144551 ACCESSION NUMBER: 0001145549-23-060489 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230731 FILED AS OF DATE: 20230929 DATE AS OF CHANGE: 20230929 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROFESSIONALLY MANAGED PORTFOLIOS CENTRAL INDEX KEY: 0000811030 IRS NUMBER: 566415270 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05037 FILM NUMBER: 231294824 BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 626-914-7363 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: AVONDALE INVESTMENT TRUST DATE OF NAME CHANGE: 19910529 0000811030 S000025205 Congress Large Cap Growth Fund C000075123 Retail Class CAMLX C000088646 Institutional Class CMLIX NPORT-P 1 primary_doc.xml NPORT-P false 0000811030 XXXXXXXX S000025205 C000075123 C000088646 Professionally Managed Portfolios 811-05037 0000811030 254900BPISCYGRJD2727 615 East Michigan Street Milwaukee 53202 414-516-1523 Congress Large Cap Growth Fund S000025205 254900HXHIF6NUJ0ZZ02 2023-10-31 2023-07-31 N 458933006.480000000000 288538.040000000000 458644468.440000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 483837.140000000000 N N/A N/A Abbott Laboratories HQD377W2YR662HK5JX27 Abbott Laboratories 002824100 97556.000000000000 NS USD 10860909.480000000000 2.3680454529 Long EC CORP US N 1 N N N Adobe Inc FU4LY2G4933NH2E1CP29 Adobe Inc 00724F101 38200.000000000000 NS USD 20863694.000000000000 4.5489906530 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet Inc 02079K107 49500.000000000000 NS USD 6588945.000000000000 1.4366127695 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet Inc 02079K305 124000.000000000000 NS USD 16457280.000000000000 3.5882434287 Long EC CORP US N 1 N N N Amazon.com Inc ZXTILKJKG63JELOEG630 Amazon.com Inc 023135106 155600.000000000000 NS USD 20800608.000000000000 4.5352357722 Long EC CORP US N 1 N N N Apple Inc HWUPKR0MPOU8FGXBT394 Apple Inc 037833100 184000.000000000000 NS USD 36146800.000000000000 7.8812244532 Long EC CORP US N 1 N N N CME Group Inc LCZ7XYGSLJUHFXXNXD88 CME Group Inc 12572Q105 21225.000000000000 NS USD 4222926.000000000000 0.9207406369 Long EC CORP US N 1 N N N Chevron Corp N/A Chevron Corp 166764100 34600.000000000000 NS USD 5662636.000000000000 1.2346460907 Long EC CORP US N 1 N N N Costco Wholesale Corp 29DX7H14B9S6O3FD6V18 Costco Wholesale Corp 22160K105 26900.000000000000 NS USD 15082023.000000000000 3.2883909080 Long EC CORP US N 1 N N N Darden Restaurants Inc CY1NFSCCB5GUXC7WZC70 Darden Restaurants Inc 237194105 55675.000000000000 NS USD 9404621.000000000000 2.0505253300 Long EC CORP US N 1 N N N First American Treasury Obliga 549300UU586IAH2B8H03 First American Treasury Obligations Fund 31846V328 1660711.420000000000 NS USD 1660711.420000000000 0.3620912350 Long STIV RF US N 1 N N N Freeport-McMoRan Inc 549300IRDTHJQ1PVET45 Freeport-McMoRan Inc 35671D857 217200.000000000000 NS USD 9697980.000000000000 2.1144875099 Long EC CORP US N 1 N N N Home Depot Inc/The QEKMOTMBBKA8I816DO57 Home Depot Inc/The 437076102 45475.000000000000 NS USD 15181374.000000000000 3.3100527848 Long EC CORP US N 1 N N N Intuit Inc VI90HBPH7XSFMB9E4M29 Intuit Inc 461202103 26500.000000000000 NS USD 13560050.000000000000 2.9565493390 Long EC CORP US N 1 N N N Intuitive Surgical Inc 54930052SRG011710797 Intuitive Surgical Inc 46120E602 29700.000000000000 NS USD 9634680.000000000000 2.1006859698 Long EC CORP US N 1 N N N Estee Lauder Cos Inc/The 549300VFZ8XJ9NUPU221 Estee Lauder Cos Inc/The 518439104 16500.000000000000 NS USD 2970000.000000000000 0.6475604099 Long EC CORP US N 1 N N N Eli Lilly & Co FRDRIPF3EKNDJ2CQJL29 Eli Lilly & Co 532457108 24200.000000000000 NS USD 11000110.000000000000 2.3983958724 Long EC CORP US N 1 N N N Martin Marietta Materials Inc 5299005MZ4WZECVATV08 Martin Marietta Materials Inc 573284106 19000.000000000000 NS USD 8482740.000000000000 1.8495241050 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 96800.000000000000 NS USD 32517056.000000000000 7.0898175466 Long EC CORP US N 1 N N N Moody's Corp 549300GCEDD8YCF5WU84 Moody's Corp 615369105 10000.000000000000 NS USD 3527500.000000000000 0.7691142579 Long EC CORP US N 1 N N N Northrop Grumman Corp RIMU48P07456QXSO0R61 Northrop Grumman Corp 666807102 7750.000000000000 NS USD 3448750.000000000000 0.7519440955 Long EC CORP US N 1 N N N NVIDIA Corp 549300S4KLFTLO7GSQ80 NVIDIA Corp 67066G104 26000.000000000000 NS USD 12149540.000000000000 2.6490104724 Long EC CORP US N 1 N N N O'Reilly Automotive Inc 549300K2RLMQL149Q332 O'Reilly Automotive Inc 67103H107 11700.000000000000 NS USD 10831743.000000000000 2.3616861742 Long EC CORP US N 1 N N N Old Dominion Freight Line Inc 5299009TWK32WE417T96 Old Dominion Freight Line Inc 679580100 22850.000000000000 NS USD 9585346.500000000000 2.0899295990 Long EC CORP US N 1 N N N Paycom Software Inc 254900LSB0HNJUDC6Q18 Paycom Software Inc 70432V102 9675.000000000000 NS USD 3567753.000000000000 0.7778907728 Long EC CORP US N 1 N N N PepsiCo Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo Inc 713448108 56300.000000000000 NS USD 10553998.000000000000 2.3011283742 Long EC CORP US N 1 N N N Pioneer Natural Resources Co FY8JBF7CCL2VE4F1B628 Pioneer Natural Resources Co 723787107 43700.000000000000 NS USD 9861779.000000000000 2.1502012296 Long EC CORP US N 1 N N N Procter & Gamble Co/The 2572IBTT8CCZW6AU4141 Procter & Gamble Co/The 742718109 64600.000000000000 NS USD 10096980.000000000000 2.2014829993 Long EC CORP US N 1 N N N Quanta Services Inc SHVRXXEACT60MMH07S24 Quanta Services Inc 74762E102 41525.000000000000 NS USD 8372270.500000000000 1.8254380192 Long EC CORP US N 1 N N N Roper Technologies Inc 54930003T4SXCIWVXY35 Roper Technologies Inc 776696106 20500.000000000000 NS USD 10107525.000000000000 2.2037821658 Long EC CORP US N 1 N N N ServiceNow Inc 549300HJTQM36M0E1G39 ServiceNow Inc 81762P102 10675.000000000000 NS USD 6223525.000000000000 1.3569388553 Long EC CORP US N 1 N N N Sherwin-Williams Co/The Z15BMIOX8DDH0X2OBP21 Sherwin-Williams Co/The 824348106 35875.000000000000 NS USD 9919437.500000000000 2.1627727319 Long EC CORP US N 1 N N N Synopsys Inc QG7T915N9S0NY5UKNE63 Synopsys Inc 871607107 27000.000000000000 NS USD 12198600.000000000000 2.6597072110 Long EC CORP US N 1 N N N Tesla Inc 54930043XZGB27CTOV49 Tesla Inc 88160R101 35600.000000000000 NS USD 9520508.000000000000 2.0757926139 Long EC CORP US N 1 N N N Trade Desk Inc/The 549300GXPD31VT3E0P46 Trade Desk Inc/The 88339J105 49775.000000000000 NS USD 4542466.500000000000 0.9904112690 Long EC CORP US N 1 N N N UnitedHealth Group Inc 549300GHBMY8T5GXDE41 UnitedHealth Group Inc 91324P102 21400.000000000000 NS USD 10836318.000000000000 2.3626836789 Long EC CORP US N 1 N N N Veeva Systems Inc 549300YZEXPDB92M2F02 Veeva Systems Inc 922475108 31000.000000000000 NS USD 6330820.000000000000 1.3803327927 Long EC CORP US N 1 N N N Visa Inc 549300JZ4OKEHW3DPJ59 Visa Inc 92826C839 74100.000000000000 NS USD 17615793.000000000000 3.8408384298 Long EC CORP US N 1 N N N Zoetis Inc 549300HD9Q1LOC9KLJ48 Zoetis Inc 98978V103 54200.000000000000 NS USD 10194478.000000000000 2.2227408595 Long EC CORP US N 1 N N N Accenture PLC 5493000EWHDSR3MZWH98 Accenture PLC N/A 27625.000000000000 NS USD 8739168.750000000000 1.9054342418 Long EC CORP IE N 1 N N N Eaton Corp PLC 549300VDIGTMXUNT7H71 Eaton Corp PLC N/A 40000.000000000000 NS USD 8212800.000000000000 1.7906680588 Long EC CORP US N 1 N N N NXP Semiconductors NV 724500M9BY5293JDF951 NXP Semiconductors NV N/A 48900.000000000000 NS USD 10903722.000000000000 2.3773800297 Long EC CORP NL N 1 N N N 2023-09-29 Professionally Managed Portfolios /s/ Craig Benton Craig Benton Treasurer XXXX NPORT-EX 2 congress-lgcap.htm CONGRESS LARGE CAP GROWTH FUND 7/31/23 PART F EXHIBIT HTML

Congress Large Cap Growth Fund
 
SCHEDULE OF INVESTMENTS at July 31, 2023 (Unaudited)
     
Shares
     
Value
 
COMMON STOCKS: 99.6%
     
Aerospace & Defense: 0.8%
     
 
7,750
 
Northrop Grumman Corp.
 
$
3,448,750
 
               
Automobiles: 2.1%
       
 
35,600
 
Tesla, Inc. 1
   
9,520,508
 
               
Beverages: 2.3%
       
 
56,300
 
PepsiCo, Inc.
   
10,553,998
 
               
Broadline Retail: 4.5%
       
 
155,600
 
Amazon.com, Inc. 1
   
20,800,608
 
               
Capital Markets: 1.7%
       
 
21,225
 
CME Group, Inc. - Class A
   
4,222,926
 
 
10,000
 
Moody's Corp.
   
3,527,500
 
           
7,750,426
 
Chemicals: 2.2%
       
 
35,875
 
The Sherwin-Williams Co.
   
9,919,437
 
               
Construction & Engineering: 1.8%
       
 
41,525
 
Quanta Services, Inc.
   
8,372,271
 
               
Construction Materials: 1.8%
       
 
19,000
 
Martin Marietta Materials, Inc.
   
8,482,740
 
               
Consumer Staples Distribution & Retail: 3.3%
       
 
26,900
 
Costco Wholesale Corp.
   
15,082,023
 
               
Electrical Equipment: 1.8%
       
 
40,000
 
Eaton Corp PLC
   
8,212,800
 
               
Financial Services: 3.8%
       
 
74,100
 
Visa, Inc. - Class A
   
17,615,793
 
               
Ground Transportation: 2.1%
       
 
22,850
 
Old Dominion Freight Line, Inc.
   
9,585,347
 
               
Health Care Equipment & Supplies: 4.5%
       
 
97,556
 
Abbott Laboratories
   
10,860,909
 
 
29,700
 
Intuitive Surgical, Inc. 1
   
9,634,680
 
           
20,495,589
 
Health Care Providers & Services: 2.4%
       
 
21,400
 
UnitedHealth Group, Inc.
   
10,836,318
 
               
Health Care Technology: 1.4%
       
 
31,000
 
Veeva Systems, Inc. - Class A 1
   
6,330,820
 
               
Hotels, Restaurants & Leisure: 2.1%
       
 
55,675
 
Darden Restaurants, Inc.
   
9,404,621
 
               
Household Products: 2.2%
       
 
64,600
 
The Procter & Gamble Co.
   
10,096,980
 
               
Interactive Media & Services: 5.0%
       
 
124,000
 
Alphabet, Inc. - Class A 1
   
16,457,280
 
 
49,500
 
Alphabet, Inc. - Class C 1
   
6,588,945
 
           
23,046,225
 
IT Services: 1.9%
       
 
27,625
 
Accenture PLC - Class A
   
8,739,169
 
               
Media: 1.0%
       
 
49,775
 
The Trade Desk Inc. - Class A 1
   
4,542,466
 
               
Metals & Mining: 2.1%
       
 
217,200
 
Freeport-McMoRan Copper & Gold, Inc.
   
9,697,980
 
               
Oil, Gas & Consumable Fuels: 3.4%
       
 
34,600
 
Chevron Corp.
   
5,662,636
 
 
43,700
 
Pioneer Natural Resources Co.
   
9,861,779
 
           
15,524,415
 
Personal Care Products: 0.6%
       
 
16,500
 
The Estée Lauder Companies, Inc.
   
2,970,000
 
               
Pharmaceuticals: 4.6%
       
 
24,200
 
Eli Lilly & Co.
   
11,000,110
 
 
54,200
 
Zoetis, Inc.
   
10,194,478
 
           
21,194,588
 
Professional Services: 0.8%
       
 
9,675
 
Paycom Software, Inc.
   
3,567,753
 
               
Semiconductors & Semiconductor Equipment: 5.0%
       
 
26,000
 
NVIDIA Corp.
   
12,149,540
 
 
48,900
 
NXP Semiconductors NV
   
10,903,722
 
           
23,053,262
 
Software: 20.8%
       
 
38,200
 
Adobe, Inc. 1
   
20,863,694
 
 
26,500
 
Intuit, Inc.
   
13,560,050
 
 
96,800
 
Microsoft Corp.
   
32,517,056
 
 
20,500
 
Roper Technologies, Inc.
   
10,107,525
 
 
10,675
 
ServiceNow, Inc. 1
   
6,223,525
 
 
27,000
 
Synopsys, Inc. 1
   
12,198,600
 
           
95,470,450
 
Specialty Retail: 5.7%
       
 
11,700
 
O'Reilly Automotive, Inc. 1
   
10,831,743
 
 
45,475
 
The Home Depot, Inc.
   
15,181,374
 
           
26,013,117
 
Technology Hardware, Storage & Peripherals: 7.9%
       
 
184,000
 
Apple, Inc.
   
36,146,800
 
TOTAL COMMON STOCKS
(Cost $207,671,374)
   
456,475,254
 
               
SHORT-TERM INVESTMENTS: 0.5%
       
Money Market Funds: 0.5%
       
 
2,144,549
 
First American Treasury Obligations Fund - Class X, 5.200% 2
   
2,144,549
 
Total Money Market Funds: 0.5%
   
2,144,549
 
             
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,144,549)
   
2,144,549
 
               
TOTAL INVESTMENTS IN SECURITIES: 100.1%
(Cost $209,815,923)
   
458,619,803
 
Liabilities in Excess of Other Assets: (0.1)%
   
(435,932
)
TOTAL NET ASSETS: 100.0%
 
$
458,183,871
 

1
 
Non-income producing security.
2
 
Annualized seven-day effective yield as of July 31, 2023.

 The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by the Congress Large Cap Growth Fund's (the "Fund") administrator, U.S. Bancorp Fund Services, LLC.



Congress Large Cap Growth Fund
Summary of Fair Value Disclosure at July 31, 2023 (Unaudited)
 
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
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 for 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 following is a summary of the inputs used to value the Fund's investments as of July 31, 2023. See the Schedule of Investments for an industry breakout.
 
 
Description
 
Level 1
   
Level 2
   
Level 3
   
Total
Common Stocks
 
$
456,475,254
   
$
   
$
   
$
456,475,254
Short-Term Investments
   
2,144,549
     
     
     
2,144,549
Total Investments in Securities
 
$
458,619,803
   
$
   
$
   
$
458,619,803