0001145549-23-060497.txt : 20230929 0001145549-23-060497.hdr.sgml : 20230929 20230929144656 ACCESSION NUMBER: 0001145549-23-060497 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: 231294855 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 S000038711 Congress Mid Cap Growth Fund C000119246 Retail Class CMIDX C000119247 Institutional Class IMIDX NPORT-P 1 primary_doc.xml NPORT-P false 0000811030 XXXXXXXX S000038711 C000119247 C000119246 Professionally Managed Portfolios 811-05037 0000811030 254900BPISCYGRJD2727 615 East Michigan Street Milwaukee 53202 414-516-1523 Congress Mid Cap Growth Fund S000038711 254900753DDNCBNVM429 2023-10-31 2023-07-31 N 1375931621.730000000000 1232395.210000000000 1374699226.520000000000 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 N N/A N/A First American Treasury Obliga 549300UU586IAH2B8H03 First American Treasury Obligations Fund 31846V328 7486549.690000000000 NS USD 7486549.690000000000 0.5445954683 Long STIV RF US N 1 N N N Floor & Decor Holdings Inc 549300M5FR3N688XGQ36 Floor & Decor Holdings Inc 339750101 375000.000000000000 NS USD 43068750.000000000000 3.1329580441 Long EC CORP US N 1 N N N Hologic Inc 549300DYP6F5ZJL0LB74 Hologic Inc 436440101 365000.000000000000 NS USD 28988300.000000000000 2.1087012665 Long EC CORP US N 1 N N N IDEX Corp 549300U5Y5EL6PHYLF13 IDEX Corp 45167R104 150000.000000000000 NS USD 33871500.000000000000 2.4639207869 Long EC CORP US N 1 N N N Keysight Technologies Inc 549300GLKVIO8YRCYN02 Keysight Technologies Inc 49338L103 175000.000000000000 NS USD 28189000.000000000000 2.0505576388 Long EC CORP US N 1 N N N Mettler-Toledo International I 5493000BD5GJNUDIUG10 Mettler-Toledo International Inc 592688105 20000.000000000000 NS USD 25149400.000000000000 1.8294474540 Long EC CORP US N 1 N N N Monolithic Power Systems Inc 529900TB7O85LSZ1XU31 Monolithic Power Systems Inc 609839105 65000.000000000000 NS USD 36366850.000000000000 2.6454404933 Long EC CORP US N 1 N N N Paycom Software Inc 254900LSB0HNJUDC6Q18 Paycom Software Inc 70432V102 100023.000000000000 NS USD 36884481.480000000000 2.6830946558 Long EC CORP US N 1 N N N Perficient Inc 549300HTBXKL2755T650 Perficient Inc 71375U101 450000.000000000000 NS USD 28705500.000000000000 2.0881294938 Long EC CORP US N 1 N N N Pool Corp 5493005VZK1KMN6CO617 Pool Corp 73278L105 90000.000000000000 NS USD 34626600.000000000000 2.5188491658 Long EC CORP US N 1 N N N Qualys Inc 549300EMBXYOW9W1XA17 Qualys Inc 74758T303 281451.000000000000 NS USD 39065398.800000000000 2.8417415276 Long EC CORP US N 1 N N N Raymond James Financial Inc RGUZHJ05YTITL6D76949 Raymond James Financial Inc 754730109 275000.000000000000 NS USD 30269250.000000000000 2.2018816492 Long EC CORP US N 1 N N N ResMed Inc 529900T3QE5253CCXF22 ResMed Inc 761152107 150000.000000000000 NS USD 33352500.000000000000 2.4261670740 Long EC CORP US N 1 N N N SPS Commerce Inc 2549006XVF9GCCETDQ72 SPS Commerce Inc 78463M107 225000.000000000000 NS USD 40587750.000000000000 2.9524822024 Long EC CORP US N 1 N N N Saia Inc 549300WNPG4N9GBOYB29 Saia Inc 78709Y105 100000.000000000000 NS USD 42314000.000000000000 3.0780551253 Long EC CORP US N 1 N N N Sun Communities Inc 549300H5GEOJYN41ZG57 Sun Communities Inc 866674104 225000.000000000000 NS USD 29317500.000000000000 2.1326483230 Long EC CORP US N 1 N N N Take-Two Interactive Software BOMSTHHJK882EWYX3334 Take-Two Interactive Software Inc 874054109 200014.000000000000 NS USD 30590141.160000000000 2.2252242941 Long EC CORP US N 1 N N N Teledyne Technologies Inc 549300VSMO9KYQWDND94 Teledyne Technologies Inc 879360105 75000.000000000000 NS USD 28839750.000000000000 2.0978952664 Long EC CORP US N 1 N N N Ulta Beauty Inc 529900CIV6HN8M28YM82 Ulta Beauty Inc 90384S303 70000.000000000000 NS USD 31136000.000000000000 2.2649318047 Long EC CORP US N 1 N N N West Pharmaceutical Services I 5493007NKRGM1RJQ1P16 West Pharmaceutical Services Inc 955306105 100000.000000000000 NS USD 36804000.000000000000 2.6772401766 Long EC CORP US N 1 N N N WillScot Mobile Mini Holdings 549300HJ4VIXF476Q166 WillScot Mobile Mini Holdings Corp 971378104 600000.000000000000 NS USD 28770000.000000000000 2.0928214292 Long EC CORP US N 1 N N N STERIS PLC N/A STERIS PLC N/A 165000.000000000000 NS USD 37215750.000000000000 2.7071921830 Long EC CORP US N 1 N N N Asbury Automotive Group Inc 549300JH4DTA7U42GL91 Asbury Automotive Group Inc 043436104 150000.000000000000 NS USD 33840000.000000000000 2.4616293766 Long EC CORP US N 1 N N N Avery Dennison Corp 549300PW7VPFCYKLIV37 Avery Dennison Corp 053611109 175000.000000000000 NS USD 32201750.000000000000 2.3424578540 Long EC CORP US N 1 N N N BJ's Wholesale Club Holdings I 549300UCIWH1C93V0J03 BJ's Wholesale Club Holdings Inc 05550J101 350000.000000000000 NS USD 23208500.000000000000 1.6882602065 Long EC CORP US N 1 N N N Booz Allen Hamilton Holding Co 529900JPV47PIUWMA015 Booz Allen Hamilton Holding Corp 099502106 325000.000000000000 NS USD 39351000.000000000000 2.8625170685 Long EC CORP US N 1 N N N Bruker Corp LEBZ6VLQ6I8XB1NHVY15 Bruker Corp 116794108 375000.000000000000 NS USD 25770000.000000000000 1.8745918746 Long EC CORP US N 1 N N N ChampionX Corp 549300EP2909K6DYYP38 ChampionX Corp 15872M104 1200000.000000000000 NS USD 42720000.000000000000 3.1075888584 Long EC CORP US N 1 N N N Charles River Laboratories Int 549300BSQ0R4UZ5KX287 Charles River Laboratories International Inc 159864107 135000.000000000000 NS USD 28287900.000000000000 2.0577519398 Long EC CORP US N 1 N N N Choice Hotels International In 5493003CYRY5RFGTIR97 Choice Hotels International Inc 169905106 275000.000000000000 NS USD 35956250.000000000000 2.6155721416 Long EC CORP US N 1 N N N Church & Dwight Co Inc POOXSI30AWAQGYJZC921 Church & Dwight Co Inc 171340102 350000.000000000000 NS USD 33484500.000000000000 2.4357691744 Long EC CORP US N 1 N N N Ciena Corp W0CZ7N0GH8UIGXDM1H41 Ciena Corp 171779309 550000.000000000000 NS USD 23210000.000000000000 1.6883693212 Long EC CORP US N 1 N N N Cooper Cos Inc/The QJKMVPIGLH7530PCUE20 Cooper Cos Inc/The 216648402 95010.000000000000 NS USD 37173612.600000000000 2.7041269743 Long EC CORP US N 1 N N N Copart Inc 549300KVYX3JWMYEHU61 Copart Inc 217204106 450000.000000000000 NS USD 39775500.000000000000 2.8933965505 Long EC CORP US N 1 N N N Crane Co 5493000CQRQOTHUODL75 Crane Co 224408104 400000.000000000000 NS USD 37476000.000000000000 2.7261235969 Long EC CORP US N 1 N N N Darden Restaurants Inc CY1NFSCCB5GUXC7WZC70 Darden Restaurants Inc 237194105 225000.000000000000 NS USD 38007000.000000000000 2.7647502280 Long EC CORP US N 1 N N N Deckers Outdoor Corp 5493008LG4W3I6K8J118 Deckers Outdoor Corp 243537107 80000.000000000000 NS USD 43495200.000000000000 3.1639793753 Long EC CORP US N 1 N N N Diodes Inc 549300XP2X1ARVH3BX23 Diodes Inc 254543101 350000.000000000000 NS USD 33071500.000000000000 2.4057262390 Long EC CORP US N 1 N N N EMCOR Group Inc 529900X0SQJB2J7YDU43 EMCOR Group Inc 29084Q100 225000.000000000000 NS USD 48384000.000000000000 3.5196062576 Long EC CORP US N 1 N N N Entegris Inc IYX6OWO7BT5DKO3BYG52 Entegris Inc 29362U104 300000.000000000000 NS USD 32913000.000000000000 2.3941964442 Long EC CORP US N 1 N N N FactSet Research Systems Inc 549300ZSJE7NBK6K9P30 FactSet Research Systems Inc 303075105 80000.000000000000 NS USD 34803200.000000000000 2.5316956123 Long EC CORP US N 1 N N N 2023-09-29 Professionally Managed Portfolios /s/ Craig Benton Craig Benton Treasurer XXXX NPORT-EX 2 congress-midcap.htm CONGRESS MID CAP GROWTH FUND 7/31/23 PART F EXHIBIT HTML

Congress Mid Cap Growth Fund
SCHEDULE OF INVESTMENTS at July 31, 2023 (Unaudited)
   
Shares
     
Value
COMMON STOCKS: 99.5%
   
Capital Markets: 4.7%
   
 
80,000
 
FactSet Research Systems, Inc.
 
$
34,803,200
 
275,000
 
Raymond James Financial, Inc.
   
30,269,250
           
65,072,450
Commercial Services & Supplies: 2.9%
     
 
450,000
 
Copart, Inc. 1
   
39,775,500
             
Communications Equipment: 1.7%
     
 
550,000
 
Ciena Corp. 1
   
23,210,000
             
Construction & Engineering: 5.6%
     
 
225,000
 
EMCOR Group, Inc.
   
48,384,000
 
600,000
 
WillScot Mobile Mini Holdings Corp. 1
   
28,770,000
           
77,154,000
Consumer Staples Distribution & Retail: 1.7%
     
 
350,000
 
BJ’s Wholesale Club Holdings, Inc. 1
   
23,208,500
             
Containers & Packaging: 2.3%
     
 
175,000
 
Avery Dennison Corp.
   
32,201,750
             
Distributors: 2.5%
     
 
90,000
 
Pool Corp.
   
34,626,600
             
Electronic Equipment, Instruments & Components: 4.2%
     
 
175,000
 
Keysight Technologies, Inc. 1
   
28,189,000
 
75,000
 
Teledyne Technologies, Inc. 1
   
28,839,750
           
57,028,750
Energy Equipment & Services: 3.1%
     
 
1,200,000
 
ChampionX Corp.
   
42,720,000
             
Entertainment: 2.2%
     
 
200,014
 
Take-Two Interactive Software, Inc. 1
   
30,590,141
             
Ground Transportation: 3.1%
     
 
100,000
 
Saia, Inc. 1
   
42,314,000
             
Health Care Equipment & Supplies: 9.9%
     
 
365,000
 
Hologic, Inc. 1
   
28,988,300
 
150,000
 
ResMed, Inc.
   
33,352,500
 
165,000
 
STERIS PLC
   
37,215,750
 
95,010
 
The Cooper Companies, Inc.
   
37,173,613
           
136,730,163
Hotels, Restaurants & Leisure: 5.4%
     
 
275,000
 
Choice Hotels International, Inc.
   
35,956,250
 
225,000
 
Darden Restaurants, Inc.
   
38,007,000
           
73,963,250
Household Products: 2.4%
     
 
350,000
 
Church & Dwight Co., Inc.
   
33,484,500
             
IT Services: 2.1%
     
 
450,000
 
Perficient, Inc. 1
   
28,705,500
             
Life Sciences Tools & Services: 8.4%
     
 
375,000
 
Bruker Corp.
   
25,770,000
 
135,000
 
Charles River Laboratories International, Inc. 1
   
28,287,900
 
20,000
 
Mettler-Toledo International, Inc. 1
   
25,149,400
 
100,000
 
West Pharmaceutical Services, Inc.
   
36,804,000
           
116,011,300
Machinery: 5.2%
     
 
400,000
 
Crane Co.
   
37,476,000
 
150,000
 
IDEX Corp.
   
33,871,500
           
71,347,500
Professional Services: 5.6%
     
 
325,000
 
Booz Allen Hamilton Holding Corp.
   
39,351,000
 
100,023
 
Paycom Software, Inc.
   
36,884,481
           
76,235,481
Residential REITs: 2.2%
     
 
225,000
 
Sun Communities, Inc. - REIT
   
29,317,500
             
Semiconductors & Semiconductor Equipment: 7.4%
     
 
350,000
 
Diodes, Inc. 1
   
33,071,500
 
300,000
 
Entegris, Inc.
   
32,913,000
 
65,000
 
Monolithic Power Systems, Inc.
   
36,366,850
           
102,351,350
Software: 5.8%
     
 
281,451
 
Qualys, Inc. 1
   
39,065,399
 
225,000
 
SPS Commerce, Inc. 1
   
40,587,750
           
79,653,149
Specialty Retail: 7.9%
     
 
150,000
 
Asbury Automotive Group, Inc. 1
   
33,840,000
 
375,000
 
Floor & Decor Holdings, Inc. - Class A 1
   
43,068,750
 
70,000
 
Ulta Beauty, Inc. 1
   
31,136,000
           
108,044,750
Textiles, Apparel & Luxury Goods: 3.2%
     
 
80,000
 
Deckers Outdoor Corp. 1
   
43,495,200
TOTAL COMMON STOCKS
(Cost $941,936,751)
   
1,367,241,334
             
SHORT-TERM INVESTMENTS: 0.5%
     
Money Market Funds: 0.5%
     
 
7,372,466
 
First American Treasury Obligations Fund - Class X, 5.200% 2
   
7,372,466
Total Money Market Funds: 0.5%
   
7,372,466
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $7,372,466)
   
7,372,466
             
TOTAL INVESTMENTS IN SECURITIES: 100.0%
(Cost $949,309,217)
   
1,374,613,800
Other Assets in Excess of Other Assets: 0.0%
   
535,206
TOTAL NET ASSETS: 100.0%
 
$
1,375,149,006

REIT - Real Estate Investment Trust

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



Congress Mid 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
 
$
1,367,241,334
   
$
   
$
   
$
1,367,241,334
Short-Term Investments
   
7,372,466
     
     
     
7,372,466
Total Investments in Securities
 
$
1,374,613,800
   
$
   
$
   
$
1,374,613,800