# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0000894189-25-009775
**Filing Date:** 2025-9
**Character Count:** 34893
**Document Hash:** 2c3ac459140878f592103aeef22fec46
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-009775.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000894189-25-009775

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROFESSIONALLY MANAGED PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000811030

**ORGANIZATION NAME:**
- **EIN:** 566415270
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05037
- **FILM NUMBER:** 251354736

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-218-3770

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVONDALE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19910529

## Series and Classes Contracts Data

### Otter Creek Long/Short Opportunity Fund (Series ID: S000043717)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000135565 | Institutional Class | OTTRX           |
| C000135566 | Investor Class      | OTCRX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Otter Creek Long/Short Opportunity Fund** | **Otter Creek Long/Short Opportunity Fund** | **Otter Creek Long/Short Opportunity Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 91.7%** | **Shares** | **Value**  |
| **Aerospace & Defense - 6.2%** | **Aerospace & Defense - 6.2%** | |
| L3Harris Technologies, Inc. | 13600 | $3737552 |
| Parsons Corp. <sup>(a)</sup> | 54567 | 4048871 |
|  |  | 7786423 |
| **Application Software - 9.4%** | **Application Software - 9.4%** |  |
| Guidewire Software, Inc. <sup>(a)</sup> | 13901 | 3144684 |
| Microsoft Corp. | 6966 | 3716361 |
| Salesforce, Inc. | 9325 | 2408927 |
| Workday, Inc. - Class A <sup>(a)</sup> | 10650 | 2442897 |
|  |  | 11712869 |
| **Casinos & Gaming - 2.7%** | **Casinos & Gaming - 2.7%** |  |
| DraftKings, Inc. - Class A <sup>(a)</sup> | 73900 | 3328456 |
| **Communications Equipment - 3.5%** | **Communications Equipment - 3.5%** |  |
| F5, Inc. <sup>(a)</sup> | 14000 | 4387880 |
| **Construction & Engineering - 3.4%** | **Construction & Engineering - 3.4%** |  |
| Jacobs Solutions, Inc. | 18700 | 2652969 |
| Quanta Services, Inc. | 3840 | 1559539 |
|  |  | 4212508 |
| **Electrical Components & Equipment - 3.0%** | **Electrical Components & Equipment - 3.0%** |  |
| Vertiv Holdings Co. - Class A | 26000 | 3785600 |
| **Electronic Components - 3.2%** | **Electronic Components - 3.2%** |  |
| Coherent Corp. <sup>(a)</sup> | 1442 | 155159 |
| Corning, Inc. | 60385 | 3818748 |
|  |  | 3973907 |
| **Electronic Manufacturing Services - 3.9%** | **Electronic Manufacturing Services - 3.9%** |  |
| Flex Ltd. <sup>(a)</sup> | 98000 | 4887260 |
| **Financial Exchanges & Data - 5.6%** | **Financial Exchanges & Data - 5.6%** |  |
| Intercontinental Exchange, Inc. | 23647 | 4370675 |
| Nasdaq, Inc. | 27725 | 2667700 |
|  |  | 7038375 |
| **Health Care Equipment - 3.8%** | **Health Care Equipment - 3.8%** |  |
| Hologic, Inc. <sup>(a)</sup> | 71000 | 4744220 |
| **Health Care Technology - 1.5%** | **Health Care Technology - 1.5%** |  |
| Waystar Holding Corp. <sup>(a)</sup> | 51370 | 1899663 |
| **Industrial Conglomerates - 6.0%** | **Industrial Conglomerates - 6.0%** |  |
| 3M Co. | 24896 | 3714981 |
| GE HealthCare Technologies, Inc. | 52209 | 3723546 |
|  |  | 7438527 |
| **Insurance Brokers - 5.4%** | **Insurance Brokers - 5.4%** |  |
| Baldwin Insurance Group, Inc. - Class A <sup>(a)</sup> | 123797 | 4560681 |
| Ryan Specialty Holdings, Inc. | 36100 | 2208959 |
|  |  | 6769640 |
| **Interactive Home Entertainment - 3.1%** | **Interactive Home Entertainment - 3.1%** |  |
| Take-Two Interactive Software, Inc. <sup>(a)</sup> | 17300 | 3853229 |
| **Interactive Media & Services - 3.8%** | **Interactive Media & Services - 3.8%** |  |
| Meta Platforms, Inc. - Class A | 6143 | 4751242 |
| **Internet Retail - 4.0%** | **Internet Retail - 4.0%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 21051 | 4928250 |
| **Internet Software & Services - 1.2%** | **Internet Software & Services - 1.2%** |  |
| Alphabet, Inc. - Class A | 7818 | 1500274 |
| **Investment Banking & Brokerage - 3.6%** | **Investment Banking & Brokerage - 3.6%** |  |
| LPL Financial Holdings, Inc. | 11462 | 4535857 |
| **IT Consulting & Other Services - 2.3%** | **IT Consulting & Other Services - 2.3%** |  |
| EPAM Systems, Inc. <sup>(a)</sup> | 17950 | 2830894 |
| **Life Sciences Tools & Services - 6.7%** | **Life Sciences Tools & Services - 6.7%** |  |
| Avantor, Inc. <sup>(a)</sup> | 336014 | 4516028 |
| Danaher Corp. | 19700 | 3884052 |
|  |  | 8400080 |
| **Property & Casualty Insurance - 2.9%** | **Property & Casualty Insurance - 2.9%** |  |
| W R Berkley Corp. | 52379 | 3604199 |
| **Technology Hardware, Storage & Peripherals - 3.6%** | **Technology Hardware, Storage & Peripherals - 3.6%** |  |
| CompoSecure, Inc. <sup>(a)</sup> | 316500 | 4497465 |
| **Transaction & Payment Processing Services - 2.9%** | **Transaction & Payment Processing Services - 2.9%** |  |
| Block, Inc. <sup>(a)</sup> | 46810 | 3616541 |
| **TOTAL COMMON STOCKS** (Cost $98,211,830) | **TOTAL COMMON STOCKS** (Cost $98,211,830) | 114483359 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 8.4%** | **Shares** | **Value**  |
| MSILF Treasury Portfolio - Institutional Class, 4.13%<sup>(b)</sup> | 10517590 | 10517590 |
| **TOTAL MONEY MARKET FUNDS** (Cost $10,517,590) | **TOTAL MONEY MARKET FUNDS** (Cost $10,517,590) | 10517590 |
| **TOTAL INVESTMENTS - 100.1% (**Cost $108,729,420**)** | **TOTAL INVESTMENTS - 100.1% (**Cost $108,729,420**)** | 125000949 |
| Liabilities in Excess of Other Assets - (0.1)% | Liabilities in Excess of Other Assets - (0.1)% | (138971) |
| **TOTAL NET ASSETS - 100.0%** |  | $124861978 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized effective yield as of July 31, 2025.

---

| | | |
|:---|:---|:---|
| **Otter Creek Long/Short Opportunity Fund** | **Otter Creek Long/Short Opportunity Fund** | **Otter Creek Long/Short Opportunity Fund** |
| **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS** - **(37.8)%** | **Shares** | **Value** |
| **Aerospace & Defense - (1.4)%** | **Aerospace & Defense - (1.4)%** | |
| Loar Holdings, Inc. | (24000) | $(1773840) |
| **Application Software - (3.3)%** | **Application Software - (3.3)%** |  |
| Cadence Design Systems, Inc. | (6135) | (2236637) |
| Descartes Systems Group, Inc. | (17900) | (1893104) |
|  |  | (4129741) |
| **Asset Management & Custody Ban - (3.2)%** | **Asset Management & Custody Ban - (3.2)%** |  |
| Blackrock, Inc. | (3574) | (3952880) |
| **Building Products - (5.0)%** | **Building Products - (5.0)%** |  |
| CSW Industrials, Inc. | (9100) | (2361268) |
| Lennox International, Inc. | (6462) | (3935358) |
|  |  | (6296626) |
| **Commodity Chemicals - (2.6)%** | **Commodity Chemicals - (2.6)%** |  |
| Hawkins, Inc. | (19500) | (3183960) |
| **Food Retail - (0.3)%** | **Food Retail - (0.3)%** |  |
| Sprouts Farmers Market, Inc. | (2400) | (363696) |
| **General Merchandise Stores - (1.5)%** | **General Merchandise Stores - (1.5)%** |  |
| Ollie's Bargain Outlet Holdings, Inc. | (13300) | (1817179) |
| **Health Care Equipment - (1.7)%** | **Health Care Equipment - (1.7)%** |  |
| Intuitive Surgical, Inc. | (4500) | (2164905) |
| **Hypermarkets & Super Centers - (2.5)%** | **Hypermarkets & Super Centers - (2.5)%** |  |
| Walmart, Inc. | (32000) | (3135360) |
| **Industrial Machinery & Supplies - (2.1)%** | **Industrial Machinery & Supplies - (2.1)%** |  |
| Kadant, Inc. | (7900) | (2628883) |
| **Internet Software & Services - (1.1)%** | **Internet Software & Services - (1.1)%** |  |
| Shopify, Inc. - Class A | (11000) | (1344310) |
| **Other Specialty Retail - (2.4)%** | **Other Specialty Retail - (2.4)%** |  |
| Tractor Supply Co. | (53300) | (3035435) |
| **Personal Care Products - (1.7)%** | **Personal Care Products - (1.7)%** |  |
| BellRing Brands, Inc. | (40000) | (2183200) |
| **Restaurants - (3.6)%** | **Restaurants - (3.6)%** |  |
| Shake Shack, Inc. - Class A | (9500) | (1143230) |
| Texas Roadhouse, Inc. | (17900) | (3313827) |
|  |  | (4457057) |
| **Semiconductors - (2.3)%** | **Semiconductors - (2.3)%** |  |
| MACOM Technology Solutions Holdings, Inc. | (21000) | (2879940) |
| **Technology Hardware, Storage & Peripherals - (3.1)%** | **Technology Hardware, Storage & Peripherals - (3.1)%** |  |
| Apple, Inc. | (18500) | (3840045) |
| **TOTAL COMMON STOCKS** (Proceeds $43,889,341) | **TOTAL COMMON STOCKS** (Proceeds $43,889,341) | (47187057) |
| **EXCHANGE TRADED FUNDS - (37.7)%** | **Shares** | **Value** |
| Industrial Select Sector SPDR Fund | (26000) | (3952260) |
| Invesco QQQ Trust Series 1 | (11000) | (6215110) |
| Invesco S&P 500 Equal Weight ETF | (55000) | (10099650) |
| iShares Russell 2000 ETF | (30000) | (6581700) |
| iShares Russell 2000 Growth ETF | (21000) | (6093150) |
| iShares Russell Mid-Cap ETF | (97100) | (9099241) |
| SPDR S&P Retail ETF | (65000) | (5099900) |
| **TOTAL EXCHANGE TRADED FUNDS** (Proceeds $44,553,173) | **TOTAL EXCHANGE TRADED FUNDS** (Proceeds $44,553,173) | (47141011) |
| **TOTAL SECURITIES SOLD SHORT - (75.5)%** (Proceeds $88,442,514) |  | $(94328068) |
| Percentages are stated as a percent of net assets. |  |  |

---

------

#### <br>

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Otter Creek Long/Short Opportunity Fund (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 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, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $114483359 | $– | $– | $114483359 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 10517590 | – | – | 10517590 |
| Total Investments | $125000949 | $– | $– | $125000949 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $(47187057) | $– | $– | $(47187057) |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | (47141011) | – | – | (47141011) |
| Total Investments | $(94328068) | $– | $– | $(94328068) |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Professionally Managed Portfolios

- **b. Investment Company Act file number:** 811-05037

- **c. CIK number of Registrant:** 0000811030

- **d. LEI of Registrant:** 254900BPISCYGRJD2727

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1523

**Item A.2. Information about the Series.**

- **a. Name of Series:** Otter Creek Long/Short Opportunity Fund

- **b. EDGAR series identifier (if any):** S000043717

- **c. LEI of Series:** 254900YMTP3DIIU8Y757

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $219473846.76

**Total Liabilities:** $94687572.00

**Net Assets:** $124786274.76

**Cash Not Reported:** $95548976.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135565 | 3.67%                | 3.32%                | 0.07%                |
| Class ID C000135566 | 3.65%                | 3.30%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-615942.48              | $4881489.41                                |
| Month 2  | $487646.95               | $3597799.15                                |
| Month 3  | $1031755.86              | $-1089196.82                               |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### Schedule of Portfolio Investments

| Name                           | Title                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| W R Berkley Corp               | W R Berkley Corp                        | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     47379 | NS      | $3260148.99   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6143 | NS      | $4751241.92   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc     | LPL Financial Holdings Inc              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     11462 | NS      | $4535857.26   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     13600 | NS      | $3737552.00   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc       | Lennox International Inc                | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Short            | EC               | CORP              | US        |     -6462 | NS      | $-3935358.00  | -3.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc              | Loar Holdings Inc                       | CUSIP: 53947R105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -24000 | NS      | $-1773840.00  | -1.42%            |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol | MACOM Technology Solutions Holdings Inc | CUSIP: 55405Y100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -21000 | NS      | $-2879940.00  | -2.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      6966 | NS      | $3716361.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Treasury Portfolio       | MSILF Treasury Portfolio                | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |  10477153 | NS      | $10477153.32  | 8.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                     | Nasdaq Inc                              | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     27725 | NS      | $2667699.50   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding | Ollie's Bargain Outlet Holdings Inc     | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Short            | EC               | CORP              | US        |    -13300 | NS      | $-1817179.00  | -1.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                   | Parsons Corp                            | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     54567 | NS      | $4048871.40   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                    | Revvity Inc                             | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     17317 | NS      | $1522164.30   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                     | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      3840 | NS      | $1559539.20   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc    | Ryan Specialty Holdings Inc             | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36100 | NS      | $2208959.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Retail ETF            | SPDR S&P Retail ETF                     | CUSIP: 78464A714<br>LEI: 549300HHG63HQV071458 | Short            | EC               | RF                | US        |    -65000 | NS      | $-5099900.00  | -4.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      9325 | NS      | $2408927.25   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                | Shake Shack Inc                         | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Short            | EC               | CORP              | US        |     -9500 | NS      | $-1143230.00  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                    | Shopify Inc                             | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Short            | EC               | CORP              | CA        |    -11000 | NS      | $-1344310.00  | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc     | Sprouts Farmers Market Inc              | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Short            | EC               | CORP              | US        |     -2400 | NS      | $-363696.00   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software  | Take-Two Interactive Software Inc       | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     17300 | NS      | $3853229.00   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc            | Texas Roadhouse Inc                     | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Short            | EC               | CORP              | US        |    -17900 | NS      | $-3313827.00  | -2.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                       | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Short            | EC               | CORP              | US        |    -53300 | NS      | $-3035435.00  | -2.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co             | Vertiv Holdings Co                      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     26000 | NS      | $3785600.00   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Short            | EC               | CORP              | US        |    -32000 | NS      | $-3135360.00  | -2.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                    | Workday Inc                             | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     10650 | NS      | $2442897.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc            | CSW Industrials Inc                     | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Short            | EC               | CORP              | US        |     -9100 | NS      | $-2361268.00  | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| CompoSecure Inc                | CompoSecure Inc                         | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    316500 | NS      | $4497465.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                             | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     60385 | NS      | $3818747.40   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     19700 | NS      | $3884052.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/Th | Descartes Systems Group Inc/The         | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Short            | EC               | CORP              | CA        |    -17900 | NS      | $-1893104.00  | -1.52%            |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                 | DraftKings Inc                          | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     73900 | NS      | $3328456.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc               | EPAM Systems Inc                        | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     17950 | NS      | $2830894.50   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                         | F5 Inc                                  | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     14000 | NS      | $4387880.00   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc | GE HealthCare Technologies Inc          | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     52209 | NS      | $3723545.88   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc         | Guidewire Software Inc                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     13901 | NS      | $3144684.22   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                    | Hawkins Inc                             | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Short            | EC               | CORP              | US        |    -19500 | NS      | $-3183960.00  | -2.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                    | Hologic Inc                             | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     66000 | NS      | $4410120.00   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     23647 | NS      | $4370675.01   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1     | Invesco QQQ Trust Series 1              | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Short            | EC               | RF                | US        |    -11000 | NS      | $-6215110.00  | -4.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Short            | EC               | CORP              | US        |     -4500 | NS      | $-2164905.00  | -1.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco S&P 500 Equal Weight E | Invesco S&P 500 Equal Weight ETF        | CUSIP: 46137V357<br>LEI: 549300F8VBQFIX481R47 | Short            | EC               | RF                | US        |    -55000 | NS      | $-10099650.00 | -8.09%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF       | iShares Russell 2000 ETF                | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Short            | EC               | RF                | US        |    -30000 | NS      | $-6581700.00  | -5.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Select Sector SPDR  | Industrial Select Sector SPDR Fund      | CUSIP: 81369Y704<br>LEI: 549300HQI51T8KP6U325 | Short            | EC               | RF                | US        |    -26000 | NS      | $-3952260.00  | -3.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                       | Flex Ltd                                | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | US        |     93000 | NS      | $4637910.00   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      7818 | NS      | $1500274.20   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     21051 | NS      | $4928249.61   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |    -18500 | NS      | $-3840045.00  | -3.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                    | Avantor Inc                             | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    336014 | NS      | $4516028.16   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/Th | Baldwin Insurance Group Inc/The         | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118587 | NS      | $4368745.08   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc            | BellRing Brands Inc                     | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Short            | EC               | CORP              | US        |    -40000 | NS      | $-2183200.00  | -1.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                           | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Short            | EC               | CORP              | US        |     -3574 | NS      | $-3952879.74  | -3.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc     | Cadence Design Systems Inc              | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Short            | EC               | CORP              | US        |     -6135 | NS      | $-2236636.95  | -1.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                  | Coherent Corp                           | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      1442 | NS      | $155159.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell Mid-Cap ETF    | iShares Russell Mid-Cap ETF             | CUSIP: 464287499<br>LEI: 549300RVM4H7425YNW89 | Short            | EC               | RF                | US        |    -97100 | NS      | $-9099241.00  | -7.29%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 Growth ET | iShares Russell 2000 Growth ETF         | CUSIP: 464287648<br>LEI: 549300CPJOUVKWJGSH44 | Short            | EC               | RF                | US        |    -21000 | NS      | $-6093150.00  | -4.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc           | Jacobs Solutions Inc                    | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18700 | NS      | $2652969.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                     | Kadant Inc                              | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Short            | EC               | CORP              | US        |     -7900 | NS      | $-2628883.00  | -2.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                      | Block Inc                               | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     46810 | NS      | $3616540.60   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                          | 3M Co                                   | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     24896 | NS      | $3714981.12   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** Professionally Managed Portfolios

**Signature:** /s/ Craig Benton

**Name of Signer:** Craig Benton

**Title:** Treasurer