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Form NPORT-P PROFESSIONALLY MANAGED For: Jul 31

September 24, 2021 4:26 PM EDT

  
    NPORT-P
    false
    
      
      
        
          0000811030
          XXXXXXXX
        
      
      
      
      
        S000058028
        C000189786
        C000189785
      
      
      
    
  
  
    
      Professionally Managed Portfolios
      811-05037
      0000811030
      254900BPISCYGRJD2727
      615 East Michigan Street
      Milwaukee
      
      53202
      626-914-7363
      Congress Small Cap Growth Fund
      S000058028
      2549008E8MYF3JEF6W50
      2021-10-31
      2021-07-31
      N
    
    
      178581254.100000000000
      1340975.280000000000
      177240278.820000000000
      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
      
        
          
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        AMN Healthcare Services Inc
        529900W3ARRTCNFH2I39
        AMN Healthcare Services Inc
        001744101
        
          
          
        
        45000.000000000000
        NS
        USD
        4525200.000000000000
        2.5531442571
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ameris Bancorp
        PBJHNT51T5V6G5UQFV42
        Ameris Bancorp
        03076K108
        
          
          
        
        95000.000000000000
        NS
        USD
        4617950.000000000000
        2.6054743486
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Avid Technology Inc
        549300PQGW3DXKJTQ914
        Avid Technology Inc
        05367P100
        
          
          
        
        115000.000000000000
        NS
        USD
        4299850.000000000000
        2.4260004716
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Balchem Corp
        549300VR70OPMHUI3557
        Balchem Corp
        057665200
        
          
          
        
        32000.000000000000
        NS
        USD
        4316480.000000000000
        2.4353832147
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Boot Barn Holdings Inc
        529900QE1BFMYA3N4E71
        Boot Barn Holdings Inc
        099406100
        
          
          
        
        55000.000000000000
        NS
        USD
        4753100.000000000000
        2.6817267676
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Clarus Corp
        549300PKSLI6PT0ULL72
        Clarus Corp
        18270P109
        
          
          
        
        200000.000000000000
        NS
        USD
        5704000.000000000000
        3.2182300987
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cohen & Steers Inc
        549300XXIA338A0X2K65
        Cohen and Steers Inc
        19247A100
        
          
          
        
        50000.000000000000
        NS
        USD
        4160500.000000000000
        2.3473783881
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CONMED Corp
        Z6C0YCECH9DCU5ZIQW84
        CONMED Corp
        207410101
        
          
          
        
        31000.000000000000
        NS
        USD
        4276140.000000000000
        2.4126231512
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        elf Beauty Inc
        549300U2K9TCON25C029
        elf Beauty Inc
        26856L103
        
          
          
        
        170000.000000000000
        NS
        USD
        4693700.000000000000
        2.6482129408
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        EastGroup Properties Inc
        31TIGQQZC4P6JMHKSW85
        EastGroup Properties Inc
        277276101
        
          
          
        
        14500.000000000000
        NS
        USD
        2555190.000000000000
        1.4416531146
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ESCO Technologies Inc
        5493007JJLP5MEWVDH10
        ESCO Technologies Inc
        296315104
        
          
          
        
        46000.000000000000
        NS
        USD
        4341020.000000000000
        2.4492288259
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FTI Consulting Inc
        549300K17GM8EQD0FQ48
        FTI Consulting Inc
        302941109
        
          
          
        
        30000.000000000000
        NS
        USD
        4371000.000000000000
        2.4661437169
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First American Treasury Obliga
        N/A
        First American Treasury Obligations Fund
        31846V328
        
          
          
        
        2787473.660000000000
        NS
        USD
        2787473.660000000000
        1.5727089116
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fox Factory Holding Corp
        529900GE1HSV0617R721
        Fox Factory Holding Corp
        35138V102
        
          
          
        
        30500.000000000000
        NS
        USD
        4926970.000000000000
        2.7798252366
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GrafTech International Ltd
        549300GY32W00XP57351
        GrafTech International Ltd
        384313508
        
          
          
        
        375000.000000000000
        NS
        USD
        4263750.000000000000
        2.4056326408
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ICF International Inc
        5493003KYFDDC5B3WY64
        ICF International Inc
        44925C103
        
          
          
        
        45000.000000000000
        NS
        USD
        4120650.000000000000
        2.3248947854
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Integer Holdings Corp
        549300SUD2ED5XG6X569
        Integer Holdings Corp
        45826H109
        
          
          
        
        48000.000000000000
        NS
        USD
        4698720.000000000000
        2.6510452541
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lantheus Holdings Inc
        5299005HUB5IOJGO7S39
        Lantheus Holdings Inc
        516544103
        
          
          
        
        185000.000000000000
        NS
        USD
        4841450.000000000000
        2.7315743533
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Medpace Holdings Inc
        549300H8TYEUVTW14A54
        Medpace Holdings Inc
        58506Q109
        
          
          
        
        23237.000000000000
        NS
        USD
        4088317.780000000000
        2.3066527582
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Mercury Systems Inc
        549300P3B84SGK7HH679
        Mercury Systems Inc
        589378108
        
          
          
        
        50000.000000000000
        NS
        USD
        3300000.000000000000
        1.8618792647
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Neogen Corp
        549300HJT9FC36N4UW43
        Neogen Corp
        640491106
        
          
          
        
        88000.000000000000
        NS
        USD
        3833280.000000000000
        2.1627589538
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Novanta Inc
        N/A
        Novanta Inc
        67000B104
        
          
          
        
        30000.000000000000
        NS
        USD
        4212300.000000000000
        2.3766042505
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Omnicell Inc
        5493008RH0GTKHHPZI77
        Omnicell Inc
        68213N109
        
          
          
        
        27000.000000000000
        NS
        USD
        3955500.000000000000
        2.2317161913
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        1-800-Flowers.com Inc
        N/A
        1-800-Flowers.com Inc
        68243Q106
        
          
          
        
        150000.000000000000
        NS
        USD
        4575000.000000000000
        2.5812417078
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Onto Innovation Inc
        254900RXZVN73CHOO062
        Onto Innovation Inc
        683344105
        
          
          
        
        62000.000000000000
        NS
        USD
        4344960.000000000000
        2.4514517969
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PGT Innovations Inc
        549300LRW9WM59C1S579
        PGT Innovations Inc
        69336V101
        
          
          
        
        170000.000000000000
        NS
        USD
        3838600.000000000000
        2.1657605289
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Power Integrations Inc
        54930085LGXSCIHD5W31
        Power Integrations Inc
        739276103
        
          
          
        
        47600.000000000000
        NS
        USD
        4616724.000000000000
        2.6047826322
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Progyny Inc
        N/A
        Progyny Inc
        74340E103
        
          
          
        
        70000.000000000000
        NS
        USD
        3898300.000000000000
        2.1994436174
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        QAD Inc
        N/A
        QAD Inc
        74727D306
        
          
          
        
        60000.000000000000
        NS
        USD
        5205000.000000000000
        2.9366913856
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Qualys Inc
        549300EMBXYOW9W1XA17
        Qualys Inc
        74758T303
        
          
          
        
        40000.000000000000
        NS
        USD
        4062400.000000000000
        2.2920297954
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SPS Commerce Inc
        2549006XVF9GCCETDQ72
        SPS Commerce Inc
        78463M107
        
          
          
        
        45000.000000000000
        NS
        USD
        4902750.000000000000
        2.7661601712
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Saia Inc
        549300WNPG4N9GBOYB29
        Saia Inc
        78709Y105
        
          
          
        
        20000.000000000000
        NS
        USD
        4520000.000000000000
        2.5502103868
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Simply Good Foods Co/The
        N/A
        Simply Good Foods Co/The
        82900L102
        
          
          
        
        115000.000000000000
        NS
        USD
        4310200.000000000000
        2.4318400020
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Simpson Manufacturing Co Inc
        529900EJUNNL15LZ8056
        Simpson Manufacturing Co Inc
        829073105
        
          
          
        
        37000.000000000000
        NS
        USD
        4161760.000000000000
        2.3480892874
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Skyline Champion Corp
        N/A
        Skyline Champion Corp
        830830105
        
          
          
        
        85000.000000000000
        NS
        USD
        4794000.000000000000
        2.7048027863
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Supernus Pharmaceuticals Inc
        549300GRM36VBKISYJ58
        Supernus Pharmaceuticals Inc
        868459108
        
          
          
        
        130000.000000000000
        NS
        USD
        3422900.000000000000
        1.9312201621
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Valmont Industries Inc
        5493009ZGZJJ8F77JN08
        Valmont Industries Inc
        920253101
        
          
          
        
        18000.000000000000
        NS
        USD
        4265100.000000000000
        2.4063943187
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vectrus Inc
        N/A
        Vectrus Inc
        92242T101
        
          
          
        
        80000.000000000000
        NS
        USD
        3623200.000000000000
        2.0442305914
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vicor Corp
        5299005KMQOTR6B51F09
        Vicor Corp
        925815102
        
          
          
        
        50000.000000000000
        NS
        USD
        5780500.000000000000
        3.2613918453
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        WNS Holdings Ltd
        529900RM7QHUD3W9DM42
        WNS Holdings Ltd
        92932M101
        
          
          
        
        53000.000000000000
        NS
        USD
        4364020.000000000000
        2.4622055602
        Long
        EC
        CORP
        IN
        N
        
        1
        
          N
          N
          N
        
      
      
        Inmode Ltd
        N/A
        Inmode Ltd
        M5425M103
        
          
          
        
        53000.000000000000
        NS
        USD
        6024510.000000000000
        3.3990637118
        Long
        EC
        CORP
        IL
        
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2021-09-24
      Professionally Managed Portfolios
      /s/ Aaron Perkovich
      Aaron Perkovich
      Treasurer
    
  
  XXXX





CONGRESS SMALL CAP GROWTH FUND
 
   
SCHEDULE OF INVESTMENTS at July 31, 2021 (Unaudited)
 
   
Shares
 
 
 
Value
 
COMMON STOCKS: 97.0%
     
Aerospace & Defense: 3.9%
     
 
50,000
 
Mercury Systems, Inc. 1
 
$
3,300,000
 
 
80,000
 
Vectrus, Inc. 1
   
3,623,200
 
           
6,923,200
 
Auto Components: 2.8%
       
 
30,500
 
Fox Factory Holding Corp. 1
   
4,926,970
 
               
Banks: 2.6%
       
 
95,000
 
Ameris Bancorp
   
4,617,950
 
               
Building Products: 4.5%
       
 
170,000
 
PGT Innovations, Inc. 1
   
3,838,600
 
 
37,000
 
Simpson Manufacturing Co., Inc.
   
4,161,760
 
           
8,000,360
 
Capital Markets: 2.3%
       
 
50,000
 
Cohen & Steers, Inc.
   
4,160,500
 
               
Chemicals: 2.4%
       
 
32,000
 
Balchem Corp.
   
4,316,480
 
               
Construction & Engineering: 2.4%
       
 
18,000
 
Valmont Industries, Inc.
   
4,265,100
 
               
Electrical Equipment: 5.7%
       
 
375,000
 
GrafTech International Ltd.
   
4,263,750
 
 
50,000
 
Vicor Corp. 1
   
5,780,500
 
           
10,044,250
 
Electronic Equipment, Instruments & Components: 2.4%
       
 
30,000
 
Novanta, Inc. 1
   
4,212,300
 
               
Equity Real Estate Investment Trusts: 1.4%
       
 
14,500
 
EastGroup Properties, Inc.
   
2,555,190
 
               
Food Products: 2.4%
       
 
115,000
 
The Simply Good Foods Co. 1
   
4,310,200
 
               
Health Care Equipment & Supplies: 13.3%
       
 
31,000
 
CONMED Corp.
   
4,276,140
 
 
53,000
 
InMode Ltd. 1
   
6,024,510
 
 
48,000
 
Integer Holdings Corp. 1
   
4,698,720
 
 
185,000
 
Lantheus Holdings, Inc. 1
   
4,841,450
 
 
88,000
 
Neogen Corp. 1
   
3,833,280
 
           
23,674,100
 
Health Care Providers & Services: 4.8%
       
 
45,000
 
AMN Healthcare Services, Inc. 1
   
4,525,200
 
 
70,000
 
Progyny, Inc. 1
   
3,898,300
 
           
8,423,500
 
Health Care Technology: 2.2%
       
 
27,000
 
Omnicell, Inc. 1
   
3,955,500
 
               
Household Durables: 2.7%
       
 
85,000
 
Skyline Champion Corp. 1
   
4,794,000
 
               
Internet & Direct Marketing Retail: 2.6%
       
 
150,000
 
1-800-Flowers.com, Inc. - Class A 1
   
4,575,000
 
               
IT Services: 2.6%
       
 
2,324
 
Perficient, Inc. 1
   
219,130
 
 
53,000
 
WNS Holdings Ltd. - ADR 1
   
4,364,020
 
           
4,583,150
 
Leisure Products: 3.2%
       
 
200,000
 
Clarus Corp.
   
5,704,000
 
               
Life Sciences Tools & Services: 2.3%
       
 
23,237
 
Medpace Holdings, Inc. 1
   
4,088,317
 
               
Machinery: 2.4%
       
 
46,000
 
ESCO Technologies, Inc.
   
4,341,020
 
               
Personal Products: 2.6%
       
 
170,000
 
e.l.f Beauty, Inc. 1
   
4,693,700
 
               
Pharmaceuticals: 1.9%
       
 
130,000
 
Supernus Pharmaceuticals, Inc. 1
   
3,422,900
 
               
Professional Services: 4.8%
       
 
30,000
 
FTI Consulting, Inc. 1
   
4,371,000
 
 
45,000
 
ICF International, Inc.
   
4,120,650
 
           
8,491,650
 
Road & Rail: 2.6%
       
 
20,000
 
Saia, Inc. 1
   
4,520,000
 
               
Semiconductors & Semiconductor Equipment: 5.1%
       
 
62,000
 
Onto Innovation, Inc. 1
   
4,344,960
 
 
47,600
 
Power Integrations, Inc.
   
4,616,724
 
           
8,961,684
 
Software: 6.0%
       
 
18,916
 
QAD, Inc. - Class A
   
1,640,963
 
 
40,000
 
Qualys, Inc. 1
   
4,062,400
 
 
45,000
 
SPS Commerce, Inc. 1
   
4,902,750
 
           
10,606,113
 
Specialty Retail: 2.7%
       
 
55,000
 
Boot Barn Holdings, Inc. 1
   
4,753,100
 
               
Technology Hardware, Storage & Peripherals: 2.4%
       
 
115,000
 
Avid Technology, Inc. 1
   
4,299,850
 
               
TOTAL COMMON STOCKS
       
(Cost $120,754,689)
   
172,220,084
 
               
SHORT-TERM INVESTMENTS: 1.6%
       
Money Market Funds: 1.6%
       
 
2,787,474
 
First American Treasury Obligations Fund - Institutional Class,  0.010% 2
   
2,787,474
 
TOTAL SHORT-TERM INVESTMENTS
       
(Cost $2,787,474)
   
2,787,474
 
               
TOTAL INVESTMENTS IN SECURITIES: 98.6%
       
(Cost $123,542,163)
   
175,007,558
 
Other Assets in Excess of Liabilities: 1.4%
   
2,474,493
 
TOTAL NET ASSETS: 100.0%
 
$
177,482,051
 

 
ADR – American Depositary Receipt
 
 

Non-income producing security.
 
 

Annualized seven-day effective yield as of July 31, 2021.
 
       
 
The Global Industry Classification Standard (“GICS®”) sector and industry classifications were developed by and/or are the exclusive property of MSCI, Inc. and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI, Inc. 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 Exposure at July 31, 2021 (Unaudited)
 
 
 
 
 
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis.  U.S. GAAP (Generally Accepted Accounting Principles) establishes 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 spreads, 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, 2021. See the Schedule of Investments for an industry breakout.

Description
 
Level 1
   
Level 2
   
Level 3
   
Total
                       
Common Stocks
 
$
172,220,084
   
$
-
   
$
-
   
$
172,220,084
Short-Term Investments
   
2,787,474
     
-
     
-
     
2,787,474
Total Investments in Securities
 
$
175,007,558
   
$
-
   
$
-
   
$
175,007,558

 


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