NPORT-P
    false
    
      
      
        
          0000811030
          XXXXXXXX
        
      
      
      
      
        S000038711
        C000119247
        C000119246
      
      
      
    
  
  
    
      Professionally Managed Portfolios
      811-05037
      0000811030
      254900BPISCYGRJD2727
      615 East Michigan Street
      Milwaukee
      
      53202
      626-914-7363
      Congress Mid Cap Growth Fund
      S000038711
      254900753DDNCBNVM429
      2021-10-31
      2021-07-31
      N
    
    
      1660619200.980000000000
      1887658.240000000000
      1658731542.740000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      N
      
        
          
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Akamai Technologies Inc
        OC1LZNN2LF5WTJ5RIL89
        Akamai Technologies Inc
        00971T101
        
          
          
        
        300000.000000000000
        NS
        USD
        35976000.000000000000
        2.1688862286
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Asbury Automotive Group Inc
        549300JH4DTA7U42GL91
        Asbury Automotive Group Inc
        043436104
        
          
          
        
        200000.000000000000
        NS
        USD
        41092000.000000000000
        2.4773146794
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Booz Allen Hamilton Holding Co
        529900JPV47PIUWMA015
        Booz Allen Hamilton Holding Corp
        099502106
        
          
          
        
        425000.000000000000
        NS
        USD
        36469250.000000000000
        2.1986228067
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Brooks Automation Inc
        35ZN6X1ANPH25YN32Y17
        Brooks Automation Inc
        114340102
        
          
          
        
        400000.000000000000
        NS
        USD
        35604000.000000000000
        2.1464594531
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Burlington Stores Inc
        5299003Z37DVGKKC1W09
        Burlington Stores Inc
        122017106
        
          
          
        
        135016.000000000000
        NS
        USD
        45203356.800000000000
        2.7251761744
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Charles River Laboratories Int
        549300BSQ0R4UZ5KX287
        Charles River Laboratories International Inc
        159864107
        
          
          
        
        120000.000000000000
        NS
        USD
        48830400.000000000000
        2.9438398404
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Church & Dwight Co Inc
        POOXSI30AWAQGYJZC921
        Church & Dwight Co Inc
        171340102
        
          
          
        
        350000.000000000000
        NS
        USD
        30303000.000000000000
        1.8268779015
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ciena Corp
        W0CZ7N0GH8UIGXDM1H41
        Ciena Corp
        171779309
        
          
          
        
        650000.000000000000
        NS
        USD
        37791000.000000000000
        2.2783071899
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cintas Corp
        N/A
        Cintas Corp
        172908105
        
          
          
        
        100014.000000000000
        NS
        USD
        39423518.520000000000
        2.3767268846
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cooper Cos Inc/The
        QJKMVPIGLH7530PCUE20
        Cooper Cos Inc/The
        216648402
        
          
          
        
        85010.000000000000
        NS
        USD
        35854667.700000000000
        2.1615714645
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Copart Inc
        549300KVYX3JWMYEHU61
        Copart Inc
        217204106
        
          
          
        
        325047.000000000000
        NS
        USD
        47781909.000000000000
        2.8806294309
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Diodes Inc
        549300XP2X1ARVH3BX23
        Diodes Inc
        254543101
        
          
          
        
        550000.000000000000
        NS
        USD
        45100000.000000000000
        2.7189450998
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Entegris Inc
        IYX6OWO7BT5DKO3BYG52
        Entegris Inc
        29362U104
        
          
          
        
        420000.000000000000
        NS
        USD
        50668800.000000000000
        3.0546715182
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Etsy Inc
        54930089Q7XT501AEA40
        Etsy Inc
        29786A106
        
          
          
        
        200000.000000000000
        NS
        USD
        36702000.000000000000
        2.2126546131
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First American Treasury Obliga
        N/A
        First American Treasury Obligations Fund
        31846V328
        
          
          
        
        10947600.240000000000
        NS
        USD
        10947600.240000000000
        0.6599983155
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Republic Bank/CA
        YWC0TIKBQM2JV8L4IV08
        First Republic Bank/CA
        33616C100
        
          
          
        
        225000.000000000000
        NS
        USD
        43879500.000000000000
        2.6453647784
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Floor & Decor Holdings Inc
        549300M5FR3N688XGQ36
        Floor & Decor Holdings Inc
        339750101
        
          
          
        
        375000.000000000000
        NS
        USD
        45753750.000000000000
        2.7583577463
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fortinet Inc
        549300O0QJWDBAS0QX03
        Fortinet Inc
        34959E109
        
          
          
        
        175000.000000000000
        NS
        USD
        47642000.000000000000
        2.8721947327
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Generac Holdings Inc
        529900S2H2AHJHSFFI84
        Generac Holdings Inc
        368736104
        
          
          
        
        100000.000000000000
        NS
        USD
        41936000.000000000000
        2.5281969336
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Huntington Ingalls Industries
        5TZLZ6WJTBVJ0QWBG121
        Huntington Ingalls Industries Inc
        446413106
        
          
          
        
        185000.000000000000
        NS
        USD
        37949050.000000000000
        2.2878355552
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        IDEX Corp
        549300U5Y5EL6PHYLF13
        IDEX Corp
        45167R104
        
          
          
        
        185000.000000000000
        NS
        USD
        41937650.000000000000
        2.5282964072
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Keysight Technologies Inc
        549300GLKVIO8YRCYN02
        Keysight Technologies Inc
        49338L103
        
          
          
        
        275000.000000000000
        NS
        USD
        45251250.000000000000
        2.7280635132
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Masco Corp
        5GCSNMQXHEYA1JO8QN11
        Masco Corp
        574599106
        
          
          
        
        625000.000000000000
        NS
        USD
        37318750.000000000000
        2.2498366395
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        McCormick & Co Inc/MD
        549300JQQA6MQ4OJP259
        McCormick & Co Inc/MD
        579780206
        
          
          
        
        350000.000000000000
        NS
        USD
        29459500.000000000000
        1.7760257908
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Mettler-Toledo International I
        5493000BD5GJNUDIUG10
        Mettler-Toledo International Inc
        592688105
        
          
          
        
        35000.000000000000
        NS
        USD
        51579850.000000000000
        3.1095960179
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Monolithic Power Systems Inc
        529900TB7O85LSZ1XU31
        Monolithic Power Systems Inc
        609839105
        
          
          
        
        110020.000000000000
        NS
        USD
        49427585.200000000000
        2.9798423631
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Neurocrine Biosciences Inc
        549300FECER0XBN49756
        Neurocrine Biosciences Inc
        64125C109
        
          
          
        
        325000.000000000000
        NS
        USD
        30293250.000000000000
        1.8262901030
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Paycom Software Inc
        254900LSB0HNJUDC6Q18
        Paycom Software Inc
        70432V102
        
          
          
        
        100023.000000000000
        NS
        USD
        40009200.000000000000
        2.4120358822
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pool Corp
        5493005VZK1KMN6CO617
        Pool Corp
        73278L105
        
          
          
        
        90000.000000000000
        NS
        USD
        43003800.000000000000
        2.5925714253
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Qualys Inc
        549300EMBXYOW9W1XA17
        Qualys Inc
        74758T303
        
          
          
        
        231451.000000000000
        NS
        USD
        23506163.560000000000
        1.4171168121
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Raymond James Financial Inc
        RGUZHJ05YTITL6D76949
        Raymond James Financial Inc
        754730109
        
          
          
        
        350027.000000000000
        NS
        USD
        45321495.960000000000
        2.7322984336
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ResMed Inc
        529900T3QE5253CCXF22
        ResMed Inc
        761152107
        
          
          
        
        165000.000000000000
        NS
        USD
        44847000.000000000000
        2.7036924809
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Skyworks Solutions Inc
        549300WZ3ORQ2BVKBD96
        Skyworks Solutions Inc
        83088M102
        
          
          
        
        230027.000000000000
        NS
        USD
        42442281.770000000000
        2.5587191584
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sun Communities Inc
        549300H5GEOJYN41ZG57
        Sun Communities Inc
        866674104
        
          
          
        
        200000.000000000000
        NS
        USD
        39222000.000000000000
        2.3645779314
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Take-Two Interactive Software
        BOMSTHHJK882EWYX3334
        Take-Two Interactive Software Inc
        874054109
        
          
          
        
        200014.000000000000
        NS
        USD
        34686427.880000000000
        2.0911417542
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Teledyne Technologies Inc
        549300VSMO9KYQWDND94
        Teledyne Technologies Inc
        879360105
        
          
          
        
        85000.000000000000
        NS
        USD
        38485450.000000000000
        2.3201735186
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        West Pharmaceutical Services I
        5493007NKRGM1RJQ1P16
        West Pharmaceutical Services Inc
        955306105
        
          
          
        
        125000.000000000000
        NS
        USD
        51466250.000000000000
        3.1027474111
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Williams-Sonoma Inc
        549300IARG6YWVTZ1I92
        Williams-Sonoma Inc
        969904101
        
          
          
        
        250000.000000000000
        NS
        USD
        37925000.000000000000
        2.2863856521
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Zebra Technologies Corp
        PO0I32GKZ3HZMMDPZZ08
        Zebra Technologies Corp
        989207105
        
          
          
        
        90000.000000000000
        NS
        USD
        49723200.000000000000
        2.9976641017
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Horizon Therapeutics Plc
        529900P0GSQ79OOZEV53
        Horizon Therapeutics Plc
        G46188101
        
          
          
        
        500000.000000000000
        NS
        USD
        50010000.000000000000
        3.0149544222
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STERIS PLC
        N/A
        STERIS PLC
        G8473T100
        
          
          
        
        175000.000000000000
        NS
        USD
        38141250.000000000000
        2.2994227226
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2021-09-24
      Professionally Managed Portfolios
      /s/ Aaron Perkovich
      Aaron Perkovich
      Treasurer
    
  
  XXXX





CONGRESS MID CAP GROWTH FUND
 
   
SCHEDULE OF INVESTMENTS at July 31, 2021 (Unaudited)
 
   
Shares
 
 
 
Value
 
COMMON STOCKS: 99.3%
     
Aerospace & Defense: 4.6%
     
 
185,000
 
Huntington Ingalls Industries, Inc.
 
$
37,949,050
 
 
85,000
 
Teledyne Technologies, Inc. 1
   
38,485,450
 
           
76,434,500
 
Banks: 2.6%
       
 
225,000
 
First Republic Bank
   
43,879,500
 
               
Biotechnology: 4.8%
       
 
500,000
 
Horizon Therapeutics PLC 1
   
50,010,000
 
 
325,000
 
Neurocrine Biosciences, Inc. 1
   
30,293,250
 
           
80,303,250
 
Building Products: 2.2%
       
 
625,000
 
Masco Corp.
   
37,318,750
 
               
Capital Markets: 2.7%
       
 
350,027
 
Raymond James Financial, Inc.
   
45,321,496
 
               
Commercial Services & Supplies: 5.3%
       
 
100,014
 
Cintas Corp.
   
39,423,518
 
 
325,047
 
Copart, Inc. 1
   
47,781,909
 
           
87,205,427
 
Communications Equipment: 2.3%
       
 
650,000
 
Ciena Corp. 1
   
37,791,000
 
               
Distributors: 2.6%
       
 
90,000
 
Pool Corp.
   
43,003,800
 
               
Electrical Equipment: 2.5%
       
 
100,000
 
Generac Holdings, Inc. 1
   
41,936,000
 
               
Electronic Equipment, Instruments & Components: 5.7%
       
 
275,000
 
Keysight Technologies, Inc. 1
   
45,251,250
 
 
90,000
 
Zebra Technologies Corp. - Class A 1
   
49,723,200
 
           
94,974,450
 
Entertainment: 2.1%
       
 
200,014
 
Take-Two Interactive Software, Inc. 1
   
34,686,428
 
               
Equity Real Estate Investment Trusts: 2.4%
       
 
200,000
 
Sun Communities, Inc.
   
39,222,000
 
               
Food Products: 1.8%
       
 
350,000
 
McCormick & Company, Inc. 2
   
29,459,500
 
               
Health Care Equipment & Supplies: 10.3%
       
 
85,010
 
The Cooper Companies, Inc.
   
35,854,668
 
 
165,000
 
ResMed, Inc.
   
44,847,000
 
 
175,000
 
STERIS PLC
   
38,141,250
 
 
125,000
 
West Pharmaceutical Services, Inc.
   
51,466,250
 
           
170,309,168
 
Household Products: 1.8%
       
 
350,000
 
Church & Dwight Co., Inc.
   
30,303,000
 
               
Internet & Direct Marketing Retail: 2.2%
       
 
200,000
 
Etsy, Inc. 1
   
36,702,000
 
               
IT Services: 2.2%
       
 
300,000
 
Akamai Technologies, Inc. 1
   
35,976,000
 
               
Life Sciences Tools & Services: 6.1%
       
 
120,000
 
Charles River Laboratories International, Inc. 1
   
48,830,400
 
 
35,000
 
Mettler-Toledo International, Inc. 1
   
51,579,850
 
           
100,410,250
 
Machinery: 2.5%
       
 
185,000
 
IDEX Corp.
   
41,937,650
 
               
Professional Services: 2.2%
       
 
425,000
 
Booz Allen Hamilton Holding Corp.
   
36,469,250
 
               
Semiconductors & Semiconductor Equipment: 13.5%
       
 
400,000
 
Brooks Automation, Inc.
   
35,604,000
 
 
550,000
 
Diodes, Inc. 1
   
45,100,000
 
 
420,000
 
Entegris, Inc.
   
50,668,800
 
 
110,020
 
Monolithic Power Systems, Inc.
   
49,427,585
 
 
230,027
 
Skyworks Solutions, Inc.
   
42,442,282
 
           
223,242,667
 
Software: 6.7%
       
 
175,000
 
Fortinet, Inc. 1
   
47,642,000
 
 
100,023
 
Paycom Software, Inc. 1
   
40,009,200
 
 
231,451
 
Qualys, Inc. 1
   
23,506,164
 
           
111,157,364
 
Specialty Retail: 10.2%
       
 
200,000
 
Asbury Automotive Group, Inc. 1
   
41,092,000
 
 
135,016
 
Burlington Stores, Inc. 1
   
45,203,357
 
 
375,000
 
Floor & Decor Holdings, Inc. - Class A 1
   
45,753,750
 
 
250,000
 
Williams-Sonoma, Inc.
   
37,925,000
 
           
169,974,107
 
TOTAL COMMON STOCKS
       
(Cost $847,224,470)
   
1,648,017,557
 
               
SHORT-TERM INVESTMENTS: 0.7%
       
Money Market Funds: 0.7%
       
 
10,947,600
 
First American Treasury Obligations Fund - Institutional Class, 0.010% 3
   
10,947,600
 
TOTAL SHORT-TERM INVESTMENTS
       
(Cost $10,947,600)
   
10,947,600
 
               
TOTAL INVESTMENTS IN SECURITIES: 100.0%
       
(Cost $858,172,070)
   
1,658,965,157
 
Other Assets in Excess of Liabilities: 0.0% 4
   
293,370
 
TOTAL NET ASSETS: 100.0%
 
$
1,659,258,527
 

 

Non-income producing security.
 
 

Non-voting shares.
 
 

Annualized seven-day effective yield as of July 31, 2021.
 
 

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 Mid Cap Growth Fund’s (the “Fund”) administrator, U.S. Bancorp Fund Services, LLC.
 
       



Congress Mid Cap Growth Fund
Summary of Fair Value Exposure at July 31, 2021 (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 July 31, 2021. See the Schedule of Investments for an industry breakout:

Description
 
Level 1
   
Level 2
   
Level 3
   
Total
                       
Common Stocks
 
$
1,648,017,557
   
$
-
   
$
-
   
$
1,648,017,557
Short-Term Investments
   
10,947,600
     
-
     
-
     
10,947,600
Total Investments in Securities
 
$
1,658,965,157
   
$
-
   
$
-
   
$
1,658,965,157