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 |