CONGRESS LARGE CAP GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS at January 31, 2023 (Unaudited) | |||||||
Shares | Value | ||||||
COMMON STOCKS: 98.9% | |||||||
Aerospace & Defense: 1.5% | |||||||
13,450 | Northrop Grumman Corp. | $ | 6,026,138 | ||||
Banks: 2.0% | |||||||
55,725 | First Republic Bank | 7,850,538 | |||||
Beverages: 2.4% | |||||||
56,300 | PepsiCo, Inc. | 9,628,426 | |||||
Capital Markets: 1.5% | |||||||
15,000 | CME Group, Inc. - Class A | 2,649,900 | |||||
10,000 | Moody’s Corp. | 3,227,500 | |||||
5,877,400 | |||||||
Chemicals: 1.9% | |||||||
31,575 | The Sherwin-Williams Co. | 7,470,329 | |||||
Communications Equipment: 1.5% | |||||||
110,896 | Ciena Corp. 1 | 5,768,810 | |||||
Construction & Engineering: 1.6% | |||||||
41,525 | Quanta Services, Inc. | 6,319,690 | |||||
Electrical Equipment: 1.6% | |||||||
40,000 | Eaton Corp PLC | 6,488,400 | |||||
Food & Staples Retailing: 3.5% | |||||||
26,900 | Costco Wholesale Corp. | 13,749,666 | |||||
Health Care Equipment & Supplies: 4.6% | |||||||
97,556 | Abbott Laboratories | 10,784,816 | |||||
29,700 | Intuitive Surgical, Inc. 1 | 7,296,993 | |||||
18,081,809 | |||||||
Health Care Providers & Services: 2.7% | |||||||
21,400 | UnitedHealth Group, Inc. | 10,682,666 | |||||
Health Care Technology: 1.1% | |||||||
24,714 | Veeva Systems, Inc. - Class A 1 | 4,214,973 | |||||
Hotels, Restaurants & Leisure: 1.3% | |||||||
35,025 | Darden Restaurants, Inc. | 5,182,649 | |||||
Household Products: 2.3% | |||||||
64,600 | The Procter & Gamble Co. | 9,197,748 | |||||
Interactive Media & Services: 4.3% | |||||||
124,000 | Alphabet, Inc. - Class A 1 | 12,256,160 | |||||
49,500 | Alphabet, Inc. - Class C 1 | 4,943,565 | |||||
17,199,725 | |||||||
Internet & Direct Marketing Retail: 4.0% | |||||||
155,600 | Amazon.com, Inc. 1 | 16,047,028 | |||||
IT Services: 6.3% | |||||||
29,225 | Accenture PLC - Class A | 8,155,236 | |||||
74,100 | Visa, Inc. - Class A | 17,058,561 | |||||
25,213,797 | |||||||
Machinery: 5.0% | |||||||
45,000 | Caterpillar, Inc. | 11,353,050 | |||||
55,800 | Dover Corp. | 8,472,114 | |||||
19,825,164 | |||||||
Metals & Mining: 2.4% | |||||||
217,200 | Freeport-McMoRan Copper & Gold, Inc. | 9,691,464 | |||||
Oil, Gas & Consumable Fuels: 4.0% | |||||||
34,600 | Chevron Corp. | 6,021,092 | |||||
43,700 | Pioneer Natural Resources Co. | 10,066,295 | |||||
16,087,387 | |||||||
Personal Products: 1.5% | |||||||
21,700 | Estée Lauder Companies, Inc. - Class A | 6,012,636 | |||||
Pharmaceuticals: 4.4% | |||||||
24,200 | Eli Lilly & Co. | 8,328,430 | |||||
54,200 | Zoetis, Inc. | 8,969,558 | |||||
17,297,988 | |||||||
Road & Rail: 1.3% | |||||||
15,000 | Old Dominion Freight Line, Inc. | 4,998,600 | |||||
Semiconductors & Semiconductor Equipment: 3.5% | |||||||
26,000 | NVIDIA Corp. | 5,079,620 | |||||
48,900 | NXP Semiconductors NV | 9,012,759 | |||||
14,092,379 | |||||||
Software: 20.0% | |||||||
41,275 | Adobe, Inc. 1 | 15,285,783 | |||||
26,500 | Intuit, Inc. | 11,200,755 | |||||
96,800 | Microsoft Corp. | 23,988,008 | |||||
19,675 | Paycom Software, Inc. 1 | 6,373,520 | |||||
20,500 | Roper Technologies, Inc. | 8,748,375 | |||||
9,825 | ServiceNow, Inc. 1 | 4,471,652 | |||||
27,000 | Synopsys, Inc. 1 | 9,551,250 | |||||
79,619,343 | |||||||
Specialty Retail: 6.0% | |||||||
45,475 | The Home Depot, Inc. | 14,741,631 | |||||
11,700 | O’Reilly Automotive, Inc. 1 | 9,270,495 | |||||
24,012,126 | |||||||
Technology Hardware, Storage & Peripherals: 6.7% | |||||||
184,000 | Apple, Inc. | 26,549,360 | |||||
TOTAL COMMON STOCKS | |||||||
(Cost $213,993,748) | 393,186,239 | ||||||
SHORT-TERM INVESTMENTS: 1.1% | |||||||
Money Market Funds: 1.1% | |||||||
4,510,905 | First American Treasury Obligations Fund - Institutional Class, 4.240% 2 | 4,510,905 | |||||
TOTAL SHORT-TERM INVESTMENTS | |||||||
(Cost $4,510,905) | 4,510,905 | ||||||
TOTAL INVESTMENTS IN SECURITIES: 100.0% | |||||||
(Cost $218,504,653) | 397,697,144 | ||||||
Other Assets in Excess of Liabilities: 0.0% 3 | 58,965 | ||||||
TOTAL NET ASSETS: 100.0% | $ | 397,756,109 |
1 | Non-income producing security. | |||||
2 | Annualized seven-day effective yield as of January 31, 2023. | |||||
3 | Does not round to 0.1% or (0.1)%, as applicable. | |||||
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 Large Cap Growth Fund’s (the “Fund”) administrator, U.S. Bancorp Fund Services, LLC. |
Congress Large Cap Growth Fund | ||||
Summary of Fair Value Exposure at January 31, 2023 (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 January 31, 2023. See the Schedule of Investments for an industry breakout: |
Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Common Stocks | $ | 393,186,239 | $ | - | $ | - | $ | 393,186,239 | |||||||
Short-Term Investments | 4,510,905 | - | - | 4,510,905 | |||||||||||
Total Investments in Securities | $ | 397,697,144 | $ | - | $ | - | $ | 397,697,144 |