BRIDGES INVESTMENT FUND, INC. | |||||||||||||
SCHEDULE OF INVESTMENTS | |||||||||||||
SEPTEMBER 30, 2021 | |||||||||||||
(unaudited) | |||||||||||||
Title of Security | Shares | Cost | Value | ||||||||||
COMMON STOCKS - 99.16% | |||||||||||||
Administrative and Support Services - 16.19% | |||||||||||||
MasterCard, Inc. - Class A | 50,000 | $ | 820,627 | $ | 17,384,000 | ||||||||
PayPal Holdings, Inc.(a) | 35,000 | 871,561 | 9,107,350 | ||||||||||
Terminix Global Holdings, Inc.(a) | 60,000 | 2,174,916 | 2,500,200 | ||||||||||
TransUnion | 40,000 | 3,502,992 | 4,492,400 | ||||||||||
Visa, Inc. - Class A | 40,000 | 1,087,479 | 8,910,000 | ||||||||||
8,457,575 | 42,393,950 | ||||||||||||
Broadcasting (except Internet) - 0.55% | |||||||||||||
Cable One, Inc. | 800 | 1,607,999 | 1,450,504 | ||||||||||
Building Material and Garden Equipment and Supplies Dealers - 2.87% | |||||||||||||
Home Depot, Inc. | 13,000 | 1,941,152 | 4,267,380 | ||||||||||
Lowe's Companies, Inc. | 16,000 | 1,631,716 | 3,245,760 | ||||||||||
3,572,868 | 7,513,140 | ||||||||||||
Chemical Manufacturing - 0.32% | |||||||||||||
The Sherwin-Williams Co. | 3,000 | 711,670 | 839,190 | ||||||||||
Computer and Electronic Product Manufacturing - 23.83% | |||||||||||||
Alphabet, Inc. - Class A(a) | 4,000 | 847,060 | 10,694,080 | ||||||||||
Alphabet, Inc. - Class C(a) | 4,010 | 844,083 | 10,687,893 | ||||||||||
Apple, Inc. | 177,000 | 739,033 | 25,045,500 | ||||||||||
NVIDIA Corp. | 40,000 | 2,316,828 | 8,286,400 | ||||||||||
Roper Technologies, Inc. | 7,000 | 285,254 | 3,122,910 | ||||||||||
Thermo Fisher Scientific, Inc. | 8,000 | 1,773,523 | 4,570,640 | ||||||||||
6,805,781 | 62,407,423 | ||||||||||||
Credit Intermediation and Related Activities - 6.17% | |||||||||||||
JPMorgan Chase & Co. | 30,000 | 1,721,192 | 4,910,700 | ||||||||||
SVB Financial Group(a) | 12,000 | 2,426,971 | 7,762,560 | ||||||||||
Wells Fargo & Co. | 75,000 | 2,190,904 | 3,480,750 | ||||||||||
6,339,067 | 16,154,010 | ||||||||||||
Data Processing, Hosting and Related Services - 0.83% | |||||||||||||
Fiserv, Inc.(a) | 20,000 | 971,166 | 2,170,000 | ||||||||||
Electrical Equipment, Appliance, and Component Manufacturing - 1.03% | |||||||||||||
Eaton Corp. Plc | 18,000 | 751,421 | 2,687,580 | ||||||||||
Fabricated Metal Product Manufacturing - 0.98% | |||||||||||||
BWX Technologies, Inc. | 47,500 | 2,745,970 | 2,558,350 | ||||||||||
Food Services and Drinking Places - 1.70% | |||||||||||||
Casey's General Stores, Inc. | 6,000 | 989,889 | 1,130,700 | ||||||||||
Starbucks Corp. | 30,000 | 561,001 | 3,309,300 | ||||||||||
1,550,890 | 4,440,000 | ||||||||||||
Funds, Trusts, and Other Financial Vehicles - 1.09% | |||||||||||||
Alcon, Inc. - ADR | 35,500 | 2,087,585 | 2,856,685 | ||||||||||
Insurance Carriers and Related Activities - 5.06% | |||||||||||||
Berkshire Hathaway, Inc. - Class B(a) | 20,000 | 678,649 | 5,458,800 | ||||||||||
The Progressive Corp. | 30,000 | 2,368,209 | 2,711,700 | ||||||||||
UnitedHealth Group, Inc. | 13,000 | 3,145,098 | 5,079,620 | ||||||||||
6,191,956 | 13,250,120 | ||||||||||||
Merchant Wholesalers, Durable Goods - 1.33% | |||||||||||||
IAA, Inc.(a) | 64,000 | 2,671,243 | 3,492,480 | ||||||||||
Miscellaneous Manufacturing - 1.12% | |||||||||||||
Edwards Lifesciences Corp.(a) | 26,000 | 1,872,066 | 2,943,460 | ||||||||||
Nonstore Retailers - 6.27% | |||||||||||||
Amazon.com, Inc.(a) | 5,000 | 1,231,664 | 16,425,200 |
Other Information Services - 3.56% | |||||||||||||
Facebook, Inc. - Class A(a) | 27,500 | 3,597,112 | 9,333,225 | ||||||||||
Plastics and Rubber Products Manufacturing - 0.46% | |||||||||||||
AptarGroup, Inc. | 10,000 | 1,323,914 | 1,193,500 | ||||||||||
Professional, Scientific & Technical Services - 2.31% | |||||||||||||
IQVIA Holdings, Inc.(a) | 3,250 | 616,405 | 778,505 | ||||||||||
Palo Alto Networks, Inc.(a) | 11,000 | 2,379,071 | 5,269,000 | ||||||||||
2,995,476 | 6,047,505 | ||||||||||||
Publishing Industries (except Internet) - 11.21% | |||||||||||||
Adobe, Inc.(a) | 12,000 | 3,463,758 | 6,908,640 | ||||||||||
Autodesk, Inc.(a) | 13,000 | 1,985,801 | 3,707,210 | ||||||||||
Microsoft Corp. | 52,000 | 6,470,467 | 14,659,840 | ||||||||||
salesforce.com, Inc.(a) | 15,000 | 2,246,082 | 4,068,300 | ||||||||||
14,166,108 | 29,343,990 | ||||||||||||
Rail Transportation - 2.10% | |||||||||||||
Union Pacific Corp. | 28,000 | 806,918 | 5,488,280 | ||||||||||
Real Estate - 0.56% | |||||||||||||
American Tower Corp. | 5,500 | 1,235,930 | 1,459,755 | ||||||||||
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 7.00% | |||||||||||||
BlackRock, Inc. | 8,500 | 2,223,080 | 7,128,610 | ||||||||||
Chemed Corp. | 3,000 | 1,360,001 | 1,395,360 | ||||||||||
Intercontinental Exchange, Inc. | 27,000 | 2,654,242 | 3,100,140 | ||||||||||
S&P Global, Inc. | 13,000 | 2,334,390 | 5,523,570 | ||||||||||
Texas Pacific Land Corp. | 1,000 | 810,904 | 1,209,360 | ||||||||||
9,382,617 | 18,357,040 | ||||||||||||
Truck Transportation - 2.62% | |||||||||||||
Old Dominion Freight Line, Inc. | 24,000 | 2,220,361 | 6,863,520 | ||||||||||
TOTAL COMMON STOCKS | 83,297,357 | 259,668,907 | |||||||||||
SHORT-TERM INVESTMENTS - 0.99% | |||||||||||||
Mutual Funds - 0.99% | |||||||||||||
First American Treasury Obligations Fund - Class X 0.01% (b) | 2,589,825 | 2,589,825 | 2,589,825 | ||||||||||
TOTAL SHORT-TERM INVESTMENTS | 2,589,825 | 2,589,825 | |||||||||||
TOTAL INVESTMENTS - 100.15% | 85,887,182 | 262,258,732 | |||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.15)% | (387,521 | ) | |||||||||||
TOTAL NET ASSETS - 100.00% | $ | 261,871,211 |
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 September 30, 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 September 30, 2021 maximized the use of | ||||||
observable inputs and minimized the use of unobservable inputs. During the three months ended September 30, 2021, no securities | ||||||
held by the Fund were deemed as Level 3. | ||||||
The following is a summary of the inputs used as of September 30, 2021, in valuing the Fund's investments carried at fair value: |
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Investments | ||||||||||||||||
Common Stocks | $ | 259,668,907 | $ | - | $ | - | $ | 259,668,907 | ||||||||
Short-Term Investments | 2,589,825 | - | - | 2,589,825 | ||||||||||||
Total Investments in Securities | $ | 262,258,732 | $ | - | $ | - | $ | 262,258,732 | ||||||||
Refer to the Schedule of Investments for further information on the classification of investments. |