Congress Large Cap Growth Fund | |
Schedule of Investments | |
as of January 31, 2024 (Unaudited) | |
| |
COMMON STOCKS - 99.0% | | Shares | | | Value | |
Aerospace & Defense - 0.8% | | | | |
Northrop Grumman Corp. | | | 9,125 | | | $ | 4,076,685 | |
| | | | | | | | |
Broadline Retail - 5.0% | | | | | |
Amazon.com, Inc.(a) | | | 155,600 | | | | 24,149,120 | |
| | | | | | | | |
Capital Markets - 1.9% | | | | | |
CME Group, Inc. - Class A | | | 21,225 | | | | 4,368,954 | |
Moody's Corp. | | | 12,600 | | | | 4,939,704 | |
| | | | | | | 9,308,658 | |
| | | | | | | | |
Chemicals - 2.3% | | | | | |
Sherwin-Williams Co. | | | 35,875 | | | | 10,919,633 | |
| | | | | | | | |
Commercial Services & Supplies - 1.0% | | | | | |
Cintas Corp. | | | 8,200 | | | | 4,957,474 | |
| | | | | | | | |
Communications Equipment - 1.0% | | | | | |
Arista Networks, Inc.(a) | | | 17,925 | | | | 4,636,839 | |
| | | | | | | | |
Construction Materials - 2.0% | | | | | |
Martin Marietta Materials, Inc. | | | 19,000 | | | | 9,659,980 | |
| | | | | | | | |
Consumer Staples Distribution & Retail - 3.9% | | | | | |
Costco Wholesale Corp. | | | 26,900 | | | | 18,692,272 | |
| | | | | | | | |
Electrical Equipment - 2.0% | | | | | |
Eaton Corporation PLC | | | 40,000 | | | | 9,843,200 | |
| | | | | | | | |
Financial Services - 4.2% | | | | | |
Visa, Inc. - Class A | | | 74,100 | | | | 20,248,566 | |
| | | | | | | | |
Ground Transportation - 1.8% | | | | | |
Old Dominion Freight Line, Inc. | | | 22,850 | | | | 8,934,807 | |
| | | | | | | | |
Health Care Equipment & Supplies - 5.6% | | | | | |
Boston Scientific Corp.(a) | | | 102,700 | | | | 6,496,802 | |
Dexcom, Inc.(a) | | | 77,800 | | | | 9,441,030 | |
Intuitive Surgical, Inc.(a) | | | 29,700 | | | | 11,233,134 | |
| | | | | | | 27,170,966 | |
| | | | | | | | |
Health Care Providers & Services - 2.3% | | | | | |
UnitedHealth Group, Inc. | | | 21,400 | | | | 10,951,236 | |
| | | | | | | | |
Hotels, Restaurants & Leisure - 1.9% | | | | | |
Darden Restaurants, Inc. | | | 55,675 | | | | 9,051,641 | |
| | | | | | | | |
Household Products - 2.1% | | | | | |
Procter & Gamble Co. | | | 64,600 | | | | 10,151,244 | |
| | | | | | | | |
Insurance - 0.8% | | | | | |
Arthur J Gallagher & Co. | | | 17,800 | | | | 4,132,448 | |
| | | | | | | | |
Interactive Media & Services - 6.3% | | | | | |
Alphabet, Inc. - Class C(a) | | | 34,575 | | | | 4,902,735 | |
Alphabet, Inc. - Class A(a) | | | 124,000 | | | | 17,372,400 | |
Meta Platforms, Inc. - Class A(a) | | | 20,700 | | | | 8,075,898 | |
| | | | | | | 30,351,033 | |
| | | | | | | | |
IT Services - 2.1% | | | | | |
Accenture PLC - Class A | | | 27,625 | | | | 10,052,185 | |
| | | | | | | | |
Media - 0.6% | | | | | |
Trade Desk, Inc. - Class A(a) | | | 45,775 | | | | 3,132,383 | |
| | | | | | | | |
Metals & Mining - 1.8% | | | | | |
Freeport-McMoRan Copper & Gold, Inc. | | | 217,200 | | | | 8,620,668 | |
| | | | | | | | |
Oil, Gas & Consumable Fuels - 2.8% | | | | | |
Chevron Corp. | | | 24,000 | | | | 3,538,320 | |
Pioneer Natural Resources Co. | | | 43,700 | | | | 10,043,571 | |
| | | | | | | 13,581,891 | |
| | | | | | | | |
Pharmaceuticals - 5.3% | | | | | |
Eli Lilly & Co. | | | 24,200 | | | | 15,623,762 | |
Zoetis, Inc. | | | 54,200 | | | | 10,179,302 | |
| | | | | | | 25,803,064 | |
| | | | | | | | |
Semiconductors & Semiconductor Equipment - 5.4% | | | | | |
NVIDIA Corp. | | | 26,000 | | | | 15,997,020 | |
NXP Semiconductors NV | | | 48,900 | | | | 10,296,873 | |
| | | | | | | 26,293,893 | |
| | | | | | | | |
Software - 22.7% | | | | | |
Adobe, Inc.(a) | | | 36,300 | | | | 22,425,414 | |
Intuit, Inc. | | | 26,500 | | | | 16,730,245 | |
Microsoft Corp. | | | 89,725 | | | | 35,672,865 | |
Roper Technologies, Inc. | | | 20,500 | | | | 11,008,500 | |
ServiceNow, Inc.(a) | | | 12,150 | | | | 9,299,610 | |
Synopsys, Inc.(a) | | | 27,000 | | | | 14,400,450 | |
| | | | | | | 109,537,084 | |
| | | | | | | | |
Specialty Retail - 6.8% | | | | | |
O'Reilly Automotive, Inc.(a) | | | 11,700 | | | | 11,969,685 | |
The Home Depot, Inc. | | | 45,475 | | | | 16,050,856 | |
The TJX Companies, Inc. | | | 48,900 | | | | 4,641,099 | |
| | | | | | | 32,661,640 | |
| | | | | | | | |
Technology Hardware, Storage & Peripherals - 6.6% | | | | | |
Apple, Inc. | | | 173,350 | | | | 31,965,740 | |
TOTAL COMMON STOCKS (Cost $203,841,177) | | | | 478,884,350 | |
| | | | | | | | |
SHORT-TERM INVESTMENTS - 0.4% | | | | | | | | |
Money Market Funds - 0.4% | | Shares | | | | | |
First American Treasury Obligations Fund - Class X, 5.25%(b) | | | 1,773,690 | | | | 1,773,690 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $1,773,690) | | | | 1,773,690 | |
| | | | | | | | |
TOTAL INVESTMENTS - 99.4% (Cost $205,614,867) | | | $ | 480,658,040 | |
Other Assets in Excess of Liabilities - 0.6% | | | | 2,688,318 | |
TOTAL NET ASSETS - 100.0% | | | | | | $ | 483,346,358 | |
The Congress Large Cap Growth Fund (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 January 31, 2024. See the Schedule of Investments for an industry breakout.