Bridges Investment Fund NPORT-P Bridges Investment Fund, Inc. (Mar 2021 report)

BRIDGES INVESTMENT FUND, INC.

SCHEDULE OF INVESTMENTS

MARCH 31, 2021

(unaudited)

Title of Security		Shares		Cost		Value
COMMON STOCKS - 96.63%
Administrative and Support Services - 17.97%
	Booking Holdings, Inc.(a)	2,000	$	1,459,049	$	4,659,680
	MasterCard, Inc. - Class A	50,000		820,627		17,802,500
	PayPal Holdings, Inc.(a)	35,000		871,561		8,499,400
	Terminix Global Holdings, Inc.(a)	30,000		905,892		1,430,100
	TransUnion	34,500		2,857,315		3,105,000
	Visa, Inc. - Class A	40,000		1,087,479		8,469,200
				8,001,923		43,965,880
Ambulatory Health Care Services - 1.02%
	Alcon, Inc. - ADR (a)	35,500		2,087,585		2,491,390
Broadcasting (except Internet) - 1.92%
	The Walt Disney Co.(a)	25,500		1,411,161		4,705,260
Building Material and Garden Equipment and Supplies Dealers - 2.87%
	Home Depot, Inc.	13,000		1,941,152		3,968,250
	Lowe's Companies, Inc.	16,000		1,631,716		3,042,880
				3,572,868		7,011,130
Chemical Manufacturing - 1.61%
	Ecolab, Inc.	15,000		1,436,988		3,211,050
	The Sherwin-Williams Co.	1,000		711,670		738,010
				2,148,658		3,949,060
Computer and Electronic Product Manufacturing - 20.60%
	Alphabet, Inc. - Class A(a)	4,000		847,060		8,250,080
	Alphabet, Inc. - Class C(a)	4,010		844,083		8,295,206
	Apple, Inc.	177,000		739,033		21,620,551
	NVIDIA Corp.	10,000		2,316,828		5,339,300
	Roper Technologies, Inc.	8,000		335,931		3,226,720
	Thermo Fisher Scientific, Inc.	8,000		1,773,523		3,651,040
				6,856,458		50,382,897
Credit Intermediation and Related Activities - 5.49%
	JPMorgan Chase & Co.	30,000		1,721,192		4,566,900
	SVB Financial Group(a)	12,000		2,426,971		5,923,920
	Wells Fargo & Co.	75,000		2,190,904		2,930,250
				6,339,067		13,421,070
Data Processing, Hosting and Related Services - 0.97%
	Fiserv, Inc.(a)	20,000		971,166		2,380,800
Electrical Equipment, Appliance, and Component Manufacturing - 1.13%
	Eaton Corp. Plc -	20,000		834,912		2,765,600
Fabricated Metal Product Manufacturing - 0.74%
	BWX Technologies, Inc.	27,500		1,642,328		1,813,350
Food Services and Drinking Places - 1.87%
	Casey's General Stores, Inc.	6,000		989,889		1,297,140
	Starbucks Corp.	30,000		561,001		3,278,100
				1,550,890		4,575,240
Insurance Carriers and Related Activities - 4.85%
	Berkshire Hathaway, Inc. - Class B(a)	20,000		678,649		5,109,400
	The Progressive Corp.	20,000		1,409,657		1,912,200
	UnitedHealth Group, Inc.	13,000		3,145,098		4,836,910
				5,233,404		11,858,510
Merchant Wholesalers, Durable Goods - 1.44%
	IAA, Inc.(a)	64,000		2,671,243		3,528,960
Miscellaneous Manufacturing - 0.89%
	Edwards Lifesciences Corp.(a)	26,000		1,872,066		2,174,640
Nonstore Retailers - 6.32%
	Amazon.com, Inc.(a)	5,000		1,231,664		15,470,400
Other Information Services - 3.31%
	Facebook, Inc. - Class A(a)	27,500		3,597,112		8,099,575
Professional, Scientific & Technical Services - 1.71%
	IQVIA Holdings, Inc.(a)	3,250		616,405		627,705
	Palo Alto Networks, Inc.(a)	11,000		2,379,071		3,542,660
				2,995,476		4,170,365
Publishing Industries (except Internet) - 10.12%
	Adobe, Inc.(a)	12,000		3,463,758		5,704,440
	Autodesk, Inc.(a)	13,000		1,985,801		3,602,950
	Microsoft Corp.	52,000		6,470,467		12,260,040
	salesforce.com, Inc.(a)	15,000		2,246,082		3,178,050
				14,166,108		24,745,480
Rail Transportation - 2.52%
	Union Pacific Corp.	28,000		806,918		6,171,480
Real Estate - 0.54%
	American Tower Corp.	5,500		1,235,930		1,314,830
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 6.38%
	BlackRock, Inc.	8,500		2,223,080		6,408,660
	Intercontinental Exchange, Inc.	27,000		2,654,242		3,015,360
	S&P Global, Inc.	13,000		2,334,390		4,587,310
	Texas Pacific Land Corp.	1,000		810,904		1,589,430
				8,022,616		15,600,760
Truck Transportation - 2.36%
	Old Dominion Freight Line, Inc.	24,000		2,220,361		5,769,840
	TOTAL COMMON STOCKS (Cost $79,469,914)			79,469,914		236,366,517
		Shares		Cost		Value
SHORT-TERM INVESTMENTS - 3.53%
Funds, Trusts, and Other Financial Vehicles - 3.53%
	First American Treasury Obligations Fund - Class X 0.03%(b)	8,638,653		8,638,653		8,638,653
	TOTAL SHORT-TERM INVESTMENTS (Cost $8,638,653)			8,638,653		8,638,653
TOTAL INVESTMENTS - 100.16%						245,005,170
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.16)%						(394,044)
TOTAL NET ASSETS - 100.00%					$	244,611,126
Percentages are stated as a percent of net assets.

(a)	Non Income Producing.
(b)	The rate shown is the annualized seven day yield as of March 31, 2021.
The accompanying notes are an integral part of the Schedule of Investments.

Notes to Schedule of Investments

Financial Accounting Standards Board ("FASB") accounting standards codification "Fair Value Measurements and Disclosures" Topic 820 ("ASC 820"), establishes an authoritative definition of fair value and sets out a hierarchy for measuring fair value.  ASC 820 requires additional disclosures about the various inputs used to develop the measurements of fair value. These inputs are summarized in the three broad levels listed below:

• Level 1 - Unadjusted quoted prices in active markets for identical investments.

• 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 of 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 valuation techniques used by the Fund to measure fair value for the three months ended March 31, 2021 maximized the use of observable inputs and minimized the use of unobservable inputs.  During the three months ended March 31, 2021, no securities held by

the Fund were deemed as Level 3.

The following is a summary of the inputs used as of March 31, 2021, in valuing the Fund's investments carried at fair value:

Description	Level 1		Level 2		Level 3		Total
Investments
Common Stocks	$	236,366,517	$	-	$	-	$	236,366,517
Short-Term Investments		8,638,653		-		-		8,638,653
Total Investments in Securities	$	245,005,170	$	-	$	-	$	245,005,170
Refer to the Schedule of Investments for further information on the classification of investments.