Congress Large Cap Growth Fund | |
Schedule of Investments | |
July 31, 2024 (Unaudited) | |
| |
COMMON STOCKS - 98.4% | | Shares | | | Value | |
Aerospace & Defense - 1.6% | | | | | | |
Howmet Aerospace, Inc. | | | 88,400 | | | $ | 8,459,880 | |
Biotechnology - 1.0% | | | | | | | | |
Vertex Pharmaceuticals, Inc. (a) | | | 11,000 | | | | 5,452,920 | |
Broadline Retail - 5.5% | | | | | | | | |
Amazon.com, Inc. (a) | | | 155,600 | | | | 29,094,088 | |
Capital Markets - 2.8% | | | | | | | | |
Goldman Sachs Group, Inc. | | | 15,450 | | | | 7,864,514 | |
Moody's Corp. | | | 15,575 | | | | 7,109,676 | |
| | | | | | | 14,974,190 | |
Chemicals - 3.8% | | | | | | | | |
Ecolab, Inc. | | | 32,900 | | | | 7,589,701 | |
Sherwin-Williams Co. | | | 35,875 | | | | 12,584,950 | |
| | | | | | | 20,174,651 | |
Commercial Services & Supplies - 1.2% | | | | | | | | |
Cintas Corp. | | | 8,200 | | | | 6,264,308 | |
Communications Equipment - 1.7% | | | | | | | | |
Arista Networks, Inc. (a) | | | 25,500 | | | | 8,837,025 | |
Construction Materials - 2.1% | | | | | | | | |
Martin Marietta Materials, Inc. | | | 19,000 | | | | 11,273,650 | |
Consumer Staples Distribution & Retail - 4.1% | | | | | | | | |
Costco Wholesale Corp. | | | 26,900 | | | | 22,111,800 | |
Electrical Equipment - 2.3% | | | | | | | | |
Eaton Corp. PLC | | | 40,000 | | | | 12,191,600 | |
Entertainment - 1.0% | | | | | | | | |
Netflix, Inc. (a) | | | 8,100 | | | | 5,089,635 | |
Financial Services - 3.7% | | | | | | | | |
Visa, Inc. - Class A | | | 74,100 | | | | 19,686,147 | |
Health Care Equipment & Supplies - 3.9% | | | | | | | | |
Boston Scientific Corp. (a) | | | 102,700 | | | | 7,587,476 | |
Intuitive Surgical, Inc. (a) | | | 29,700 | | | | 13,204,917 | |
| | | | | | | 20,792,393 | |
Health Care Providers & Services - 0.6% | | | | | | | | |
UnitedHealth Group, Inc. | | | 5,325 | | | | 3,068,052 | |
Household Products - 1.9% | | | | | | | | |
Procter & Gamble Co. | | | 64,600 | | | | 10,385,096 | |
Insurance - 1.8% | | | | | | | | |
Arthur J Gallagher & Co. | | | 33,775 | | | | 9,574,875 | |
Interactive Media & Services - 7.0% | | | | | | | | |
Alphabet, Inc. - Class A | | | 124,000 | | | | 21,270,960 | |
Alphabet, Inc. - Class C | | | 34,575 | | | | 5,986,661 | |
Meta Platforms, Inc. - Class A | | | 20,700 | | | | 9,828,981 | |
| | | | | | | 37,086,602 | |
Machinery - 0.7% | | | | | | | | |
Parker-Hannifin Corp. | | | 6,825 | | | | 3,829,917 | |
Media - 0.8% | | | | | | | | |
Trade Desk, Inc. - Class A (a) | | | 47,975 | | | | 4,311,993 | |
Metals & Mining - 1.8% | | | | | | | | |
Freeport-McMoRan Copper & Gold, Inc. | | | 217,200 | | | | 9,863,052 | |
Oil Gas & Consumable Fuels - 2.3% | | | | | | | | |
Exxon Mobil Corp. | | | 101,532 | | | | 12,040,680 | |
Pharmaceuticals - 5.5% | | | | | | | | |
Eli Lilly & Co. | | | 24,200 | | | | 19,463,334 | |
Zoetis, Inc. | | | 54,200 | | | | 9,758,168 | |
| | | | | | | 29,221,502 | |
Semiconductors & Semiconductor Equipment - 8.6% | | | | | | | | |
NVIDIA Corp. | | | 240,500 | | | | 28,143,310 | |
NXP Semiconductors NV | | | 48,900 | | | | 12,868,524 | |
Onto Innovation, Inc. (a) | | | 26,200 | | | | 5,012,060 | |
| | | | | | | 46,023,894 | |
Software - 18.8% | | | | | | | | |
Adobe, Inc. (a) | | | 18,150 | | | | 10,012,447 | |
Intuit, Inc. | | | 26,500 | | | | 17,154,775 | |
Microsoft Corp. | | | 86,775 | | | | 36,302,321 | |
Roper Technologies, Inc. | | | 20,500 | | | | 11,167,375 | |
Salesforce, Inc. | | | 1,500 | | | | 388,200 | |
ServiceNow, Inc. (a) | | | 12,150 | | | | 9,894,839 | |
Synopsys, Inc. (a) | | | 27,000 | | | | 15,074,640 | |
| | | | | | | 99,994,597 | |
Specialty Retail - 6.7% | | | | | | | | |
O'Reilly Automotive, Inc. (a) | | | 11,700 | | | | 13,178,178 | |
The Home Depot, Inc. | | | 45,475 | | | | 16,742,076 | |
TJX Cos., Inc. | | | 48,900 | | | | 5,526,678 | |
| | | | | | | 35,446,932 | |
Technology Hardware, Storage & Peripherals - 7.2% | | | | | | | | |
Apple, Inc. | | | 173,350 | | | | 38,497,568 | |
TOTAL COMMON STOCKS (Cost $207,765,364) | | | | | | | 523,747,047 | |
| | | | | | | | |
SHORT-TERM INVESTMENTS - 1.6% | | | | | | | | |
Money Market Funds - 1.6% | | Shares | | | | | |
First American Treasury Obligations Fund - Class X, 5.20% (b) | | | 8,438,378 | | | | 8,438,378 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $8,438,378) | | | | | | | 8,438,378 | |
TOTAL INVESTMENTS - 100.0% (Cost $216,203,742) | | | | | | | 532,185,425 | |
Liabilities in Excess of Other Assets - (0.0)% (c) | | | | | | | (210,143 | ) |
TOTAL NET ASSETS - 100.0% | | | | | | $
| 531,975,282
| |
| |
| | |
| | | | | | | | |
Percentages are stated as a percent of net assets. | | | | | | | | |
|
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 U.S. Bank Global Fund Services. |
|
NV - Naamloze Vennootschap |
PLC - Public Limited Company |
(a) | Non-income producing security. |
(b) | The rate shown represents the 7-day annualized effective yield as of July 31, 2024. |
(c) | Represents less than 0.05% of net assets. |
| |
Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
Congress Large Cap Growth Fund has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
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 fair valuation hierarchy of the Fund’s securities as of July 31, 2024:
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Investments: | | | | | | | | | | | | |
Common Stocks | | $ | 523,747,047 | | | $ | – | | | $ | – | | | $ | 523,747,047 | |
Money Market Funds | | | 8,438,378 | | | | – | | | | – | | | | 8,438,378 | |
Total Investments | | $ | 532,185,425 | | | $ | – | | | $ | – | | | $ | 532,185,425 | |
| | | | | | | | | |
Refer to the Schedule of Investments for further disaggregation of investment categories. | | | | | | | | | |