NPORT-P
    false
    
      
      
        
          0000811030
          XXXXXXXX
        
      
      
      
      
        S000025205
        C000075123
        C000088646
      
      
      
    
  
  
    
      Professionally Managed Portfolios
      811-05037
      0000811030
      254900BPISCYGRJD2727
      615 East Michigan Street
      Milwaukee
      
      53202
      626-914-7363
      Congress Large Cap Growth Fund
      S000025205
      254900HXHIF6NUJ0ZZ02
      2021-10-31
      2021-07-31
      N
    
    
      491624893.830000000000
      450633.410000000000
      491174260.420000000000
      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
      
        
          
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Intuit Inc
        VI90HBPH7XSFMB9E4M29
        Intuit Inc
        461202103
        
          
          
        
        26500.000000000000
        NS
        USD
        14044205.000000000000
        2.8593120877
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        L3Harris Technologies Inc
        549300UTE50ZMDBG8A20
        L3Harris Technologies Inc
        502431109
        
          
          
        
        22300.000000000000
        NS
        USD
        5056302.000000000000
        1.0294313867
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lululemon Athletica Inc
        549300D9GZ4BMLDW5T40
        Lululemon Athletica Inc
        550021109
        
          
          
        
        16450.000000000000
        NS
        USD
        6582796.500000000000
        1.3402160965
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Microsoft Corp
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp
        594918104
        
          
          
        
        103591.000000000000
        NS
        USD
        29514111.810000000000
        6.0088881255
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Moody's Corp
        549300GCEDD8YCF5WU84
        Moody's Corp
        615369105
        
          
          
        
        15000.000000000000
        NS
        USD
        5640000.000000000000
        1.1482686400
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Paycom Software Inc
        254900LSB0HNJUDC6Q18
        Paycom Software Inc
        70432V102
        
          
          
        
        16575.000000000000
        NS
        USD
        6630000.000000000000
        1.3498264332
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PayPal Holdings Inc
        5493005X2GO78EFZ3E94
        PayPal Holdings Inc
        70450Y103
        
          
          
        
        61600.000000000000
        NS
        USD
        16972648.000000000000
        3.4555247226
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pioneer Natural Resources Co
        FY8JBF7CCL2VE4F1B628
        Pioneer Natural Resources Co
        723787107
        
          
          
        
        36000.000000000000
        NS
        USD
        5233320.000000000000
        1.0654711417
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Procter & Gamble Co/The
        2572IBTT8CCZW6AU4141
        Procter & Gamble Co/The
        742718109
        
          
          
        
        53950.000000000000
        NS
        USD
        7673308.500000000000
        1.5622375027
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Roper Technologies Inc
        54930003T4SXCIWVXY35
        Roper Technologies Inc
        776696106
        
          
          
        
        20500.000000000000
        NS
        USD
        10072470.000000000000
        2.0506917426
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sherwin-Williams Co/The
        Z15BMIOX8DDH0X2OBP21
        Sherwin-Williams Co/The
        824348106
        
          
          
        
        33600.000000000000
        NS
        USD
        9778608.000000000000
        1.9908632817
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Stryker Corp
        5493002F0SC4JTBU5137
        Stryker Corp
        863667101
        
          
          
        
        34900.000000000000
        NS
        USD
        9455806.000000000000
        1.9251428183
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Synopsys Inc
        QG7T915N9S0NY5UKNE63
        Synopsys Inc
        871607107
        
          
          
        
        27000.000000000000
        NS
        USD
        7775730.000000000000
        1.5830898780
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Thermo Fisher Scientific Inc
        HCHV7422L5HDJZCRFL38
        Thermo Fisher Scientific Inc
        883556102
        
          
          
        
        18450.000000000000
        NS
        USD
        9963184.500000000000
        2.0284418999
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        UnitedHealth Group Inc
        549300GHBMY8T5GXDE41
        UnitedHealth Group Inc
        91324P102
        
          
          
        
        21400.000000000000
        NS
        USD
        8821508.000000000000
        1.7960037223
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vertex Pharmaceuticals Inc
        54930015RAQRRZ5ZGJ91
        Vertex Pharmaceuticals Inc
        92532F100
        
          
          
        
        31800.000000000000
        NS
        USD
        6410244.000000000000
        1.3050854893
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Visa Inc
        549300JZ4OKEHW3DPJ59
        Visa Inc
        92826C839
        
          
          
        
        92352.000000000000
        NS
        USD
        22754609.280000000000
        4.6326957892
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Zoetis Inc
        549300HD9Q1LOC9KLJ48
        Zoetis Inc
        98978V103
        
          
          
        
        54200.000000000000
        NS
        USD
        10986340.000000000000
        2.2367499450
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Accenture PLC
        N/A
        Accenture PLC
        G1151C101
        
          
          
        
        25700.000000000000
        NS
        USD
        8164376.000000000000
        1.6622157670
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        IHS Markit Ltd
        549300HLPTRASHS0E726
        IHS Markit Ltd
        G47567105
        
          
          
        
        61000.000000000000
        NS
        USD
        7127240.000000000000
        1.4510613797
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NXP Semiconductors NV
        724500M9BY5293JDF951
        NXP Semiconductors NV
        N6596X109
        
          
          
        
        42900.000000000000
        NS
        USD
        8854131.000000000000
        1.8026455605
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Abbott Laboratories
        HQD377W2YR662HK5JX27
        Abbott Laboratories
        002824100
        
          
          
        
        97556.000000000000
        NS
        USD
        11802324.880000000000
        2.4028793508
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Adobe Inc
        FU4LY2G4933NH2E1CP29
        Adobe Inc
        00724F101
        
          
          
        
        47952.000000000000
        NS
        USD
        29808401.760000000000
        6.0688037143
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Air Products and Chemicals Inc
        7QEON6Y1RL5XR3R1W237
        Air Products and Chemicals Inc
        009158106
        
          
          
        
        29000.000000000000
        NS
        USD
        8439870.000000000000
        1.7183046182
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K107
        
          
          
        
        4613.000000000000
        NS
        USD
        12475489.460000000000
        2.5399314389
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K305
        
          
          
        
        6200.000000000000
        NS
        USD
        16706086.000000000000
        3.4012543706
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Amazon.com Inc
        ZXTILKJKG63JELOEG630
        Amazon.com Inc
        023135106
        
          
          
        
        7780.000000000000
        NS
        USD
        25888650.200000000000
        5.2707668716
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ANSYS Inc
        549300VJV8H15Z5FJ571
        ANSYS Inc
        03662Q105
        
          
          
        
        24400.000000000000
        NS
        USD
        8990424.000000000000
        1.8303939609
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Apple Inc
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833100
        
          
          
        
        220850.000000000000
        NS
        USD
        32213181.000000000000
        6.5584016908
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bank of America Corp
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        060505104
        
          
          
        
        157600.000000000000
        NS
        USD
        6045536.000000000000
        1.2308332271
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CME Group Inc
        LCZ7XYGSLJUHFXXNXD88
        CME Group Inc
        12572Q105
        
          
          
        
        30600.000000000000
        NS
        USD
        6491178.000000000000
        1.3215631443
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Caterpillar Inc
        WRJR7GS4GTRECRRTVX92
        Caterpillar Inc
        149123101
        
          
          
        
        45000.000000000000
        NS
        USD
        9303750.000000000000
        1.8941851701
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ciena Corp
        W0CZ7N0GH8UIGXDM1H41
        Ciena Corp
        171779309
        
          
          
        
        131700.000000000000
        NS
        USD
        7657038.000000000000
        1.5589249309
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Costco Wholesale Corp
        29DX7H14B9S6O3FD6V18
        Costco Wholesale Corp
        22160K105
        
          
          
        
        26900.000000000000
        NS
        USD
        11559468.000000000000
        2.3534352126
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar General Corp
        OPX52SQVOZI8IVSWYU66
        Dollar General Corp
        256677105
        
          
          
        
        42650.000000000000
        NS
        USD
        9922096.000000000000
        2.0200765389
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dover Corp
        549300FMC2ALGA7N9E80
        Dover Corp
        260003108
        
          
          
        
        53300.000000000000
        NS
        USD
        8907496.000000000000
        1.8135103400
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Facebook Inc
        BQ4BKCS1HXDV9HN80Z93
        Facebook Inc
        30303M102
        
          
          
        
        21700.000000000000
        NS
        USD
        7731710.000000000000
        1.5741276820
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First American Treasury Obliga
        N/A
        First American Treasury Obligations Fund
        31846V328
        
          
          
        
        3263699.860000000000
        NS
        USD
        3263699.860000000000
        0.6644688297
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Republic Bank/CA
        YWC0TIKBQM2JV8L4IV08
        First Republic Bank/CA
        33616C100
        
          
          
        
        51700.000000000000
        NS
        USD
        10082534.000000000000
        2.0527407099
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Freeport-McMoRan Inc
        549300IRDTHJQ1PVET45
        Freeport-McMoRan Inc
        35671D857
        
          
          
        
        244600.000000000000
        NS
        USD
        9319260.000000000000
        1.8973429088
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Global Payments Inc
        549300NOMHGVQBX6S778
        Global Payments Inc
        37940X102
        
          
          
        
        25200.000000000000
        NS
        USD
        4873932.000000000000
        0.9923019980
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Home Depot Inc/The
        QEKMOTMBBKA8I816DO57
        Home Depot Inc/The
        437076102
        
          
          
        
        51695.000000000000
        NS
        USD
        16965782.050000000000
        3.4541268583
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        IDEXX Laboratories Inc
        OGMTXK0LUU1HKV2P0J84
        IDEXX Laboratories Inc
        45168D104
        
          
          
        
        22400.000000000000
        NS
        USD
        15199072.000000000000
        3.0944357685
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2021-09-24
      Professionally Managed Portfolios
      /s/ Aaron Perkovich
      Aaron Perkovich
      Treasurer
    
  
  XXXX






CONGRESS LARGE CAP GROWTH FUND
 
   
SCHEDULE OF INVESTMENTS at July 31, 2021 (Unaudited)
 
   
Shares
 
 
 
Value
 
COMMON STOCKS: 99.3%
     
Aerospace & Defense: 1.0%
     
 
22,300
 
L3Harris Technologies, Inc.
 
$
5,056,302
 
Banks: 3.3%
       
 
157,600
 
Bank of America Corp.
   
6,045,536
 
 
51,700
 
First Republic Bank
   
10,082,534
 
           
16,128,070
 
Biotechnology: 1.3%
       
 
31,800
 
Vertex Pharmaceuticals, Inc. 1
   
6,410,244
 
               
Capital Markets: 2.5%
       
 
30,600
 
CME Group, Inc. - Class A
   
6,491,178
 
 
15,000
 
Moody’s Corp.
   
5,640,000
 
           
12,131,178
 
Chemicals: 3.7%
       
 
29,000
 
Air Products & Chemicals, Inc.
   
8,439,870
 
 
33,600
 
The Sherwin-Williams Co.
   
9,778,608
 
           
18,218,478
 
Communications Equipment: 1.6%
       
 
131,700
 
Ciena Corp. 1
   
7,657,038
 
               
Food & Staples Retailing: 2.4%
       
 
26,900
 
Costco Wholesale Corp.
   
11,559,468
 
               
Health Care Equipment & Supplies: 7.4%
       
 
97,556
 
Abbott Laboratories
   
11,802,325
 
 
22,400
 
IDEXX Laboratories, Inc. 1
   
15,199,072
 
 
34,900
 
Stryker Corp.
   
9,455,806
 
           
36,457,203
 
Health Care Providers & Services: 1.8%
       
 
21,400
 
UnitedHealth Group, Inc.
   
8,821,508
 
               
Household Products: 1.6%
       
 
53,950
 
The Procter & Gamble Co.
   
7,673,309
 
               
Industrial Conglomerates: 2.0%
       
 
20,500
 
Roper Technologies, Inc.
   
10,072,470
 
               
Interactive Media & Services: 7.5%
       
 
6,200
 
Alphabet, Inc. - Class A 1
   
16,706,086
 
 
4,613
 
Alphabet, Inc. - Class C 1
   
12,475,489
 
 
21,700
 
Facebook, Inc. - Class A 1
   
7,731,710
 
           
36,913,285
 
Internet & Direct Marketing Retail: 5.3%
       
 
7,780
 
Amazon.com, Inc. 1
   
25,888,650
 
               
IT Services: 10.7%
       
 
25,700
 
Accenture PLC - Class A
   
8,164,376
 
 
25,200
 
Global Payments, Inc.
   
4,873,932
 
 
61,600
 
PayPal Holdings, Inc. 1
   
16,972,648
 
 
92,352
 
Visa, Inc. - Class A
   
22,754,609
 
           
52,765,565
 
Life Sciences Tools & Services: 2.0%
       
 
18,450
 
Thermo Fisher Scientific, Inc.
   
9,963,185
 
               
Machinery: 3.7%
       
 
45,000
 
Caterpillar, Inc.
   
9,303,750
 
 
53,300
 
Dover Corp.
   
8,907,496
 
           
18,211,246
 
Metals & Mining: 1.9%
       
 
244,600
 
Freeport-McMoRan, Inc.
   
9,319,260
 
               
Multiline Retail: 2.0%
       
 
42,650
 
Dollar General Corp.
   
9,922,096
 
               
Oil, Gas & Consumable Fuels: 1.1%
       
 
36,000
 
Pioneer Natural Resources Co.
   
5,233,320
 
               
Pharmaceuticals: 2.2%
       
 
54,200
 
Zoetis, Inc.
   
10,986,340
 
               
Professional Services: 1.4%
       
 
61,000
 
IHS Markit Ltd.
   
7,127,240
 
               
Semiconductors & Semiconductor Equipment: 1.8%
       
 
42,900
 
NXP Semiconductors NV
   
8,854,131
 
               
Software: 19.7%
       
 
47,952
 
Adobe, Inc. 1
   
29,808,402
 
 
24,400
 
ANSYS, Inc. 1
   
8,990,424
 
 
26,500
 
Intuit, Inc.
   
14,044,205
 
 
103,591
 
Microsoft Corp.
   
29,514,112
 
 
16,575
 
Paycom Software, Inc. 1
   
6,630,000
 
 
27,000
 
Synopsys, Inc. 1
   
7,775,730
 
           
96,762,873
 
Specialty Retail: 3.5%
       
 
51,695
 
The Home Depot, Inc.
   
16,965,782
 
               
Technology Hardware, Storage & Peripherals: 6.6%
       
 
220,850
 
Apple, Inc.
   
32,213,181
 
               
Textiles, Apparel & Luxury Goods: 1.3%
       
 
16,450
 
Lululemon Athletica, Inc. 1
   
6,582,796
 
               
TOTAL COMMON STOCKS
       
(Cost $202,320,037)
   
487,894,218
 
               
SHORT-TERM INVESTMENTS: 0.7%
       
Money Market Funds: 0.7%
       
 
3,263,700
 
First American Treasury Obligations Fund - Institutional Class, 0.010% 2
   
3,263,700
 
TOTAL SHORT-TERM INVESTMENTS
       
(Cost $3,263,700)
   
3,263,700
 
               
TOTAL INVESTMENTS IN SECURITIES: 100.0%
       
(Cost $205,583,737)
   
491,157,918
 
Liabilities in Excess of Other Assets: (0.0)% 3
   
(48,732
)
TOTAL NET ASSETS: 100.0%
 
$
491,109,186
 

 

Non-income producing security.
 
 

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 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 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
 
$
487,894,218
   
$
-
   
$
-
   
$
487,894,218
Short-Term Investments
   
3,263,700
     
-
     
-
     
3,263,700
Total Investments in Securities
 
$
491,157,918
   
$
-
   
$
-
   
$
491,157,918