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