0001145549-23-060490.txt : 20230929 0001145549-23-060490.hdr.sgml : 20230929 20230929144551 ACCESSION NUMBER: 0001145549-23-060490 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: 231294825 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 S000058028 Congress Small Cap Growth Fund C000189785 Retail Class CSMVX C000189786 Institutional Class CSMCX NPORT-P 1 primary_doc.xml NPORT-P false 0000811030 XXXXXXXX S000058028 C000189785 C000189786 Professionally Managed Portfolios 811-05037 0000811030 254900BPISCYGRJD2727 615 East Michigan Street Milwaukee 53202 414-516-1523 Congress Small Cap Growth Fund S000058028 2549008E8MYF3JEF6W50 2023-10-31 2023-07-31 N 791394758.990000000000 3842394.030000000000 787552364.960000000000 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 1501260.310000000000 N N/A N/A AMN Healthcare Services Inc 529900W3ARRTCNFH2I39 AMN Healthcare Services Inc 001744101 180000.000000000000 NS USD 19287000.000000000000 2.4489800118 Long EC CORP US N 1 N N N AeroVironment Inc 529900PGHVI29YLZ6221 AeroVironment Inc 008073108 205000.000000000000 NS USD 19528300.000000000000 2.4796192442 Long EC CORP US N 1 N N N Ameris Bancorp PBJHNT51T5V6G5UQFV42 Ameris Bancorp 03076K108 500000.000000000000 NS USD 21825000.000000000000 2.7712442970 Long EC CORP US N 1 N N N Badger Meter Inc 5493002JENE20OGTUG20 Badger Meter Inc 056525108 125000.000000000000 NS USD 20580000.000000000000 2.6131595708 Long EC CORP US N 1 N N N Balchem Corp 549300VR70OPMHUI3557 Balchem Corp 057665200 130000.000000000000 NS USD 17516200.000000000000 2.2241314710 Long EC CORP US N 1 N N N Boot Barn Holdings Inc 529900QE1BFMYA3N4E71 Boot Barn Holdings Inc 099406100 220000.000000000000 NS USD 20658000.000000000000 2.6230636741 Long EC CORP US N 1 N N N Calix Inc 5299002RQRZ4SXSCSJ58 Calix Inc 13100M509 415000.000000000000 NS USD 18720650.000000000000 2.3770673333 Long EC CORP US N 1 N N N Chuy's Holdings Inc N/A Chuy's Holdings Inc 171604101 330000.000000000000 NS USD 13724700.000000000000 1.7427031662 Long EC CORP US N 1 N N N Cohen & Steers Inc 549300XXIA338A0X2K65 Cohen & Steers Inc 19247A100 225000.000000000000 NS USD 14469750.000000000000 1.8373063994 Long EC CORP US N 1 N N N Comfort Systems USA Inc 5299009DT1ZA5HTU6R38 Comfort Systems USA Inc 199908104 115000.000000000000 NS USD 20006550.000000000000 2.5403453650 Long EC CORP US N 1 N N N CONMED Corp Z6C0YCECH9DCU5ZIQW84 CONMED Corp 207410101 155000.000000000000 NS USD 18762750.000000000000 2.3824130096 Long EC CORP US N 1 N N N Core Laboratories Inc N/A Core Laboratories Inc 21867A105 690000.000000000000 NS USD 17933100.000000000000 2.2770676336 Long EC CORP US N 1 N N N elf Beauty Inc 549300U2K9TCON25C029 elf Beauty Inc 26856L103 280000.000000000000 NS USD 32681600.000000000000 4.1497685048 Long EC CORP US N 1 N N N EnPro Industries Inc 549300Y5CFT2LKCFDN54 EnPro Industries Inc 29355X107 155000.000000000000 NS USD 21510900.000000000000 2.7313612348 Long EC CORP US N 1 N N N FTI Consulting Inc 549300K17GM8EQD0FQ48 FTI Consulting Inc 302941109 95000.000000000000 NS USD 16640200.000000000000 2.1129007721 Long EC CORP US N 1 N N N First American Treasury Obliga 549300UU586IAH2B8H03 First American Treasury Obligations Fund 31846V328 41556828.440000000000 NS USD 41556828.440000000000 5.2767067041 Long STIV RF US N 1 N N N Fox Factory Holding Corp 529900GE1HSV0617R721 Fox Factory Holding Corp 35138V102 170000.000000000000 NS USD 19023000.000000000000 2.4154584313 Long EC CORP US N 1 N N N ICF International Inc 5493003KYFDDC5B3WY64 ICF International Inc 44925C103 155000.000000000000 NS USD 18226450.000000000000 2.3143159504 Long EC CORP US N 1 N N N Integer Holdings Corp 549300SUD2ED5XG6X569 Integer Holdings Corp 45826H109 220000.000000000000 NS USD 20345600.000000000000 2.5833964705 Long EC CORP US N 1 N N N Lantheus Holdings Inc 5299005HUB5IOJGO7S39 Lantheus Holdings Inc 516544103 215000.000000000000 NS USD 18595350.000000000000 2.3611572801 Long EC CORP US N 1 N N N LeMaitre Vascular Inc 549300FZUBUB7MHY8R17 LeMaitre Vascular Inc 525558201 307287.000000000000 NS USD 19429757.010000000000 2.4671066807 Long EC CORP US N 1 N N N MGP Ingredients Inc 2549006OMHFVZ4MS8538 MGP Ingredients Inc 55303J106 162000.000000000000 NS USD 18469620.000000000000 2.3451926274 Long EC CORP US N 1 N N N Medpace Holdings Inc 549300H8TYEUVTW14A54 Medpace Holdings Inc 58506Q109 72000.000000000000 NS USD 18228240.000000000000 2.3145432369 Long EC CORP US N 1 N N N Neogen Corp 549300HJT9FC36N4UW43 Neogen Corp 640491106 500000.000000000000 NS USD 11595000.000000000000 1.4722830526 Long EC CORP US N 1 N N N Onto Innovation Inc 254900RXZVN73CHOO062 Onto Innovation Inc 683344105 180000.000000000000 NS USD 22377600.000000000000 2.8414110598 Long EC CORP US N 1 N N N PGT Innovations Inc 549300LRW9WM59C1S579 PGT Innovations Inc 69336V101 545000.000000000000 NS USD 15592450.000000000000 1.9798619995 Long EC CORP US N 1 N N N Perficient Inc 549300HTBXKL2755T650 Perficient Inc 71375U101 225000.000000000000 NS USD 14352750.000000000000 1.8224502444 Long EC CORP US N 1 N N N Power Integrations Inc 54930085LGXSCIHD5W31 Power Integrations Inc 739276103 210000.000000000000 NS USD 20399400.000000000000 2.5902277623 Long EC CORP US N 1 N N N Progyny Inc N/A Progyny Inc 74340E103 465000.000000000000 NS USD 19418400.000000000000 2.4656646166 Long EC CORP US N 1 N N N Qualys Inc 549300EMBXYOW9W1XA17 Qualys Inc 74758T303 140000.000000000000 NS USD 19432000.000000000000 2.4673914859 Long EC CORP US N 1 N N N Simply Good Foods Co/The N/A Simply Good Foods Co/The 82900L102 440000.000000000000 NS USD 17032400.000000000000 2.1627006353 Long EC CORP US N 1 N N N Skyline Champion Corp N/A Skyline Champion Corp 830830105 240000.000000000000 NS USD 16718400.000000000000 2.1228302706 Long EC CORP US N 1 N N N Sprouts Farmers Market Inc 529900P8F4G77Q52XE24 Sprouts Farmers Market Inc 85208M102 460000.000000000000 NS USD 18055000.000000000000 2.2925459694 Long EC CORP US N 1 N N N Sterling Infrastructure Inc 549300RZIK6K1215XU51 Sterling Infrastructure Inc 859241101 325000.000000000000 NS USD 19496750.000000000000 2.4756131614 Long EC CORP US N 1 N N N Supernus Pharmaceuticals Inc 549300GRM36VBKISYJ58 Supernus Pharmaceuticals Inc 868459108 570000.000000000000 NS USD 17493300.000000000000 2.2212237279 Long EC CORP US N 1 N N N Ultra Clean Holdings Inc 5493007L6LS7QX18PE75 Ultra Clean Holdings Inc 90385V107 480000.000000000000 NS USD 18288000.000000000000 2.3221313037 Long EC CORP US N 1 N N N Valmont Industries Inc 5493009ZGZJJ8F77JN08 Valmont Industries Inc 920253101 65000.000000000000 NS USD 17208750.000000000000 2.1850927971 Long EC CORP US N 1 N N N WNS Holdings Ltd 529900RM7QHUD3W9DM42 WNS Holdings Ltd 92932M101 270000.000000000000 NS USD 18659700.000000000000 2.3693281654 Long EC CORP IN N 1 N N N YETI Holdings Inc 549300DSQICIGNT5GO63 YETI Holdings Inc 98585X104 455000.000000000000 NS USD 19383000.000000000000 2.4611696774 Long EC CORP US N 1 N N N Inmode Ltd 984500DD95A35E9BD358 Inmode Ltd N/A 470000.000000000000 NS USD 20167700.000000000000 2.5608074964 Long EC CORP IL N 1 N N N Perion Network Ltd 529900SL7HYNVD6HG708 Perion Network Ltd N/A 400000.000000000000 NS USD 14636000.000000000000 1.8584161068 Long EC CORP IL N 1 N N N 2023-09-29 Professionally Managed Portfolios /s/ Craig Benton Craig Benton Treasurer XXXX NPORT-EX 2 congress-smallcap.htm CONGRESS SMALL CAP GROWTH FUND 7/31/23 PART F EXHIBIT HTML

Congress Small Cap Growth Fund
 
SCHEDULE OF INVESTMENTS at July 31, 2023 (Unaudited)
     
Shares
     
Value
 
COMMON STOCKS: 94.7%
     
Aerospace & Defense: 2.5%
     
 
205,000
 
AeroVironment, Inc. 1
 
$
19,528,300
 
               
Automobile Components: 2.4%
       
 
170,000
 
Fox Factory Holding Corp. 1
   
19,023,000
 
               
Banks: 2.8%
       
 
500,000
 
Ameris Bancorp
   
21,825,000
 
               
Beverages: 2.3%
       
 
162,000
 
MGP Ingredients, Inc.
   
18,469,620
 
               
Building Products: 2.0%
       
 
545,000
 
PGT Innovations, Inc. 1
   
15,592,450
 
               
Capital Markets: 1.8%
       
 
225,000
 
Cohen & Steers, Inc.
   
14,469,750
 
               
Chemicals: 2.2%
       
 
130,000
 
Balchem Corp.
   
17,516,200
 
               
Communications Equipment: 2.4%
       
 
415,000
 
Calix, Inc. 1
   
18,720,650
 
               
Construction & Engineering: 7.2%
       
 
115,000
 
Comfort Systems USA, Inc.
   
20,006,550
 
 
325,000
 
Sterling Infrastructure, Inc. 1
   
19,496,750
 
 
65,000
 
Valmont Industries, Inc.
   
17,208,750
 
           
56,712,050
 
Consumer Staples Distribution & Retail: 2.3%
       
 
460,000
 
Sprouts Farmers Market, Inc. 1
   
18,055,000
 
               
Electronic Equipment, Instruments & Components: 2.6%
       
 
125,000
 
Badger Meter, Inc.
   
20,580,000
 
               
Energy Equipment & Services: 2.3%
       
 
690,000
 
Core Laboratories, Inc.
   
17,933,100
 
               
Food Products: 2.2%
       
 
450,000
 
The Simply Good Foods Co. 1
   
17,419,500
 
               
Health Care Equipment & Supplies: 13.8%
       
 
160,000
 
CONMED Corp.
   
19,368,000
 
 
470,000
 
InMode Ltd. 1
   
20,167,700
 
 
220,000
 
Integer Holdings Corp. 1
   
20,345,600
 
 
215,000
 
Lantheus Holdings, Inc. 1
   
18,595,350
 
 
310,000
 
LeMaitre Vascular, Inc.
   
19,601,300
 
 
500,000
 
Neogen Corp. 1
   
11,595,000
 
           
109,672,950
 
Health Care Providers & Services: 4.9%
       
 
180,000
 
AMN Healthcare Services, Inc. 1
   
19,287,000
 
 
465,000
 
Progyny, Inc. 1
   
19,418,400
 
           
38,705,400
 
Hotels, Restaurants & Leisure: 1.8%
       
 
340,000
 
Chuy’s Holdings, Inc. 1
   
14,140,600
 
               
Household Durables: 2.1%
       
 
240,000
 
Skyline Champion Corp. 1
   
16,718,400
 
               
IT Services: 1.8%
       
 
225,000
 
Perficient, Inc. 1
   
14,352,750
 
               
Leisure Products: 2.5%
       
 
455,000
 
YETI Holdings, Inc. 1
   
19,383,000
 
               
Life Sciences Tools & Services: 2.3%
       
 
72,000
 
Medpace Holdings, Inc. 1
   
18,228,240
 
               
Machinery: 2.7%
       
 
155,000
 
EnPro Industries, Inc.
   
21,510,900
 
               
Media: 1.9%
       
 
400,000
 
Perion Network Ltd. 1
   
14,636,000
 
               
Personal Care Products: 4.1%
       
 
280,000
 
e.l.f Beauty, Inc. 1
   
32,681,600
 
               
Pharmaceuticals: 2.2%
       
 
570,000
 
Supernus Pharmaceuticals, Inc. 1
   
17,493,300
 
               
Professional Services: 6.8%
       
 
95,000
 
FTI Consulting, Inc. 1
   
16,640,200
 
 
155,000
 
ICF International, Inc.
   
18,226,450
 
 
270,000
 
WNS Holdings Ltd. - ADR 1
   
18,659,700
 
           
53,526,350
 
Semiconductors & Semiconductor Equipment: 7.7%
       
 
180,000
 
Onto Innovation, Inc. 1
   
22,377,600
 
 
210,000
 
Power Integrations, Inc.
   
20,399,400
 
 
480,000
 
Ultra Clean Holdings, Inc. 1
   
18,288,000
 
           
61,065,000
 
Software: 2.5%
       
 
140,000
 
Qualys, Inc. 1
   
19,432,000
 
               
Specialty Retail: 2.6%
       
 
220,000
 
Boot Barn Holdings, Inc. 1
   
20,658,000
 
TOTAL COMMON STOCKS
(Cost $620,542,799)
   
748,049,110
 
               
SHORT-TERM INVESTMENTS: 5.5%
       
Money Market Funds: 5.5%
       
 
43,058,089
 
First American Treasury Obligations Fund - Class X, 5.200% 2
   
43,058,089
 
Total Money Market Funds: 5.5%
   
43,058,089
 
             
TOTAL SHORT-TERM INVESTMENTS
(Cost $43,058,089)
   
43,058,089
 
               
TOTAL INVESTMENTS IN SECURITIES: 100.2%
(Cost $663,600,888)
   
791,107,199
 
Liabilities in Excess of Other Assets: (0.2)%
   
(1,578,275
)
TOTAL NET ASSETS: 100.0%
 
$
789,528,924
 

ADR - American Depositary Receipt

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 Small Cap Growth Fund’s (the “Fund”) administrator, U.S. Bancorp Fund Services, LLC.



Congress Small 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
 
$
748,049,110
   
$
   
$
   
$
748,049,110
Short-Term Investments
   
43,058,089
     
     
     
43,058,089
Total Investments in Securities
 
$
791,107,199
   
$
   
$
   
$
791,107,199