# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0001145549-23-013844
**Filing Date:** 2023-2
**Character Count:** 24516
**Document Hash:** c220f0d4362e96b1155736f4fa81b294
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-013844.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001145549-23-013844

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROFESSIONALLY MANAGED PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000811030
- **IRS NUMBER:** 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:** 23687645

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 626-914-7363

**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

### Hodges Small Intrinsic Value Fund (Series ID: S000043607)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000135204 | Retail Class | HDSVX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HODGES SMALL INTRINSIC VALUE FUND** | **HODGES SMALL INTRINSIC VALUE FUND** | **HODGES SMALL INTRINSIC VALUE FUND** |
| SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) | SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) | SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) |
| **Shares** |  | **Value** |
| **COMMON STOCKS: 94.5%** | **COMMON STOCKS: 94.5%** |  |
| **Apparel & Shoe Retail: 2.0%** | **Apparel & Shoe Retail: 2.0%** |  |
| 29000 | Shoe Carnival, Inc. | $693390 |
| **Banks: 14.2%** | **Banks: 14.2%** |  |
| 9000 | BancFirst Corp. | 793620 |
| 30000 | Hilltop Holdings, Inc. | 900300 |
| 45000 | Home Bancshares, Inc. | 1025550 |
| 18000 | Texas Capital BancShares, Inc. <sup>1</sup> | 1085580 |
| 23000 | Triumph Bancorp, Inc. <sup>1</sup> | 1124010 |
|  |  | 4929060 |
| **Beverages: 1.8%** | **Beverages: 1.8%** |  |
| 138000 | Farmer Brothers Co. <sup>1</sup> | 636180 |
| **Building Materials: 6.1%** | **Building Materials: 6.1%** |  |
| 12700 | Builders FirstSource, Inc. <sup>1</sup> | 823976 |
| 9600 | Eagle Materials, Inc. | 1275360 |
|  |  | 2099336 |
| **Commercial Services: 3.2%** | **Commercial Services: 3.2%** |  |
| 30000 | European Wax Center, Inc. - Class A | 373500 |
| 41200 | The GEO Group, Inc. <sup>1</sup> | 451140 |
| 150000 | Research Solutions, Inc. <sup>1</sup> | 289500 |
|  |  | 1114140 |
| **Computers: 1.9%** | **Computers: 1.9%** |  |
| 28700 | NCR Corp. <sup>1</sup> | 671867 |
| **Electrical Components & Equipment: 1.6%** | **Electrical Components & Equipment: 1.6%** |  |
| 4000 | Encore Wire Corp. | 550240 |
| **Electronics: 2.0%** | **Electronics: 2.0%** |  |
| 30000 | Kimball Electronics, Inc. <sup>1</sup> | 677700 |
| **Entertainment: 1.5%** | **Entertainment: 1.5%** |  |
| 60900 | Cinemark Holdings, Inc. <sup>1</sup> | 527394 |
| **Food: 8.6%** | **Food: 8.6%** |  |
| 8500 | John B Sanfilippo & Son, Inc. | 691220 |
| 14800 | Sprouts Farmers Market, Inc. <sup>1</sup> | 479076 |
| 104500 | SunOpta, Inc. <sup>1</sup> | 881980 |
| 19000 | TreeHouse Foods, Inc. <sup>1</sup> | 938220 |
|  |  | 2990496 |
| **Healthcare Products: 2.0%** | **Healthcare Products: 2.0%** |  |
| 44100 | Bausch + Lomb Corp. <sup>1</sup> | 683991 |
| **Holding Companies - Diversified: 1.6%** | **Holding Companies - Diversified: 1.6%** |  |
| 50000 | Legato Merger Corp. II | 537500 |
| **Home Builders: 2.6%** | **Home Builders: 2.6%** |  |
| 29800 | Taylor Morrison Home Corp. <sup>1</sup> | 904430 |
| **Home Furnishings: 2.5%** | **Home Furnishings: 2.5%** |  |
| 33400 | Ethan Allen Interiors, Inc. | 882428 |
| **Insurance: 3.5%** | **Insurance: 3.5%** |  |
| 18000 | Horace Mann Educators Corp. | 672660 |
| 40000 | Tiptree, Inc. | 553600 |
|  |  | 1226260 |
| **Internet: 2.4%** | **Internet: 2.4%** |  |
| 75000 | CarParts.com, Inc. <sup>1</sup> | 469500 |
| 93000 | Solo Brands, Inc. - Class A <sup>1</sup> | 345960 |
|  |  | 815460 |
| **Iron & Steel: 4.7%** | **Iron & Steel: 4.7%** |  |
| 55000 | Cleveland-Cliffs, Inc. <sup>1</sup> | 886050 |
| 15200 | Commercial Metals Co. | 734160 |
|  |  | 1620210 |
| **Leisure Time: 6.1%** | **Leisure Time: 6.1%** |  |
| 12400 | Brunswick Corp. | 893792 |
| 50000 | Vista Outdoor, Inc. <sup>1</sup> | 1218500 |
|  |  | 2112292 |
| **Machinery - Diversified: 1.3%** | **Machinery - Diversified: 1.3%** |  |
| 17000 | Ichor Holdings Ltd. <sup>1</sup> | 455940 |
| **Metal Fabricate & Hardware: 2.3%** | **Metal Fabricate & Hardware: 2.3%** |  |
| 19500 | AZZ, Inc. | 783900 |
| **Oil Companies Exploration & Production: 8.4%** | **Oil Companies Exploration & Production: 8.4%** |  |
| 11700 | Chesapeake Energy Corp. | 1104129 |
| 7500 | Chord Energy Corp. | 1026075 |
| 33800 | HighPeak Energy, Inc. | 773006 |
|  |  | 2903210 |
| **Oil Field Services: 3.0%** | **Oil Field Services: 3.0%** |  |
| 100000 | ProPetro Holding Corp. <sup>1</sup> | 1037000 |
| **Pharmaceuticals: 1.4%** | **Pharmaceuticals: 1.4%** |  |
| 18100 | Organon & Co. | 505533 |
| **Private Equity: 1.1%** | **Private Equity: 1.1%** |  |
| 35000 | P10, Inc. - Class A | 373450 |
| **Real Estate: 2.0%** | **Real Estate: 2.0%** |  |
| 35700 | Stratus Properties, Inc. | 688653 |
| **Semiconductors: 3.5%** | **Semiconductors: 3.5%** |  |
| 9700 | Diodes, Inc. <sup>1</sup> | 738558 |
| 28000 | Photronics, Inc. <sup>1</sup> | 471240 |
|  |  | 1209798 |
| **Telecommunications: 3.2%** | **Telecommunications: 3.2%** |  |
| 22000 | Aviat Networks, Inc. <sup>1</sup> | 686180 |
| 33425 | DZS, Inc. <sup>1</sup> | 423829 |
|  |  | 1110009 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |  |
| &nbsp;&nbsp;&nbsp; (Cost $30,390,975) | &nbsp;&nbsp;&nbsp; (Cost $30,390,975) | 32739867 |
| **TOTAL INVESTMENTS IN SECURITIES: 94.5%** | **TOTAL INVESTMENTS IN SECURITIES: 94.5%** |  |
| &nbsp;&nbsp;&nbsp; (Cost $30,390,975) | &nbsp;&nbsp;&nbsp; (Cost $30,390,975) | 32739867 |
| Other Assets in Excess of Liabilities: 5.5% | Other Assets in Excess of Liabilities: 5.5% | 1913104 |
| **TOTAL NET ASSETS: 100.0%** | **TOTAL NET ASSETS: 100.0%** | $34652971 |
|  | ADR - American Depositary Receipt |  |
| <sup>1</sup> | Non-income producing security. |  |

---

------

---

| |
|:---|
| **Hodges Small Intrinsic Value Fund**<br>**Summary of Fair Value Exposure at December 31, 2022 (Unaudited)** |
| The Hodges Small Intrinsic Value Fund (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.<br> • 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.<br> • 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 December 31, 2022. See the Schedule of Investments for an industry breakout. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Common Stocks** | $32202367 | $537500 | $- | $32739867 |
| **Total Investments in Securities** | $32202367 | $537500 | $- | $32739867 |

---

## 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:** Hodges Small Intrinsic Value Fund

- **b. EDGAR series identifier (if any):** S000043607

- **c. LEI of Series:** 254900TZ9NGMMT5EFX36

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $34714552.33

**Total Liabilities:** $88270.65

**Net Assets:** $34626281.68

**Cash Not Reported:** $1888005.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135204 | 9.54%                | 4.06%                | -6.26%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-537887.76              | $2013285.92                                |
| Month 2  | $254549.21               | $1092021.17                                |
| Month 3  | $-203776.79              | $-2041408.49                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AZZ Inc                      | AZZ Inc                      | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     19500 | NS      | $783900.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc           | Aviat Networks Inc           | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     22000 | NS      | $686180.00    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp               | BancFirst Corp               | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      9000 | NS      | $793620.00    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch + Lomb Corp           | Bausch + Lomb Corp           | CUSIP: 071705107<br>LEI: 549300NY6OZM39SO6475 | Long             | EC               | CORP              | CA        |     44100 | NS      | $683991.00    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE            | Brunswick Corp/DE            | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     12400 | NS      | $893792.00    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc     | Builders FirstSource Inc     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     12700 | NS      | $823976.00    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CarParts.com Inc             | CarParts.com Inc             | CUSIP: 14427M107<br>LEI: 5493005FSRX4Y7E7H678 | Long             | EC               | CORP              | US        |     75000 | NS      | $469500.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp       | Chesapeake Energy Corp       | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     11700 | NS      | $1104129.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc        | Cinemark Holdings Inc        | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     60900 | NS      | $527394.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc         | Cleveland-Cliffs Inc         | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     55000 | NS      | $886050.00    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co         | Commercial Metals Co         | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     15200 | NS      | $734160.00    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                   | Diodes Inc                   | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      9700 | NS      | $738558.00    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DZS Inc                      | DZS Inc                      | CUSIP: 268211109<br>LEI: 549300JL6GXPZ9SNGD29 | Long             | EC               | CORP              | US        |     33425 | NS      | $423829.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc          | Eagle Materials Inc          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      9600 | NS      | $1275360.00   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Wire Corp             | Encore Wire Corp             | CUSIP: 292562105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $550240.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc    | Ethan Allen Interiors Inc    | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33400 | NS      | $882428.00    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| European Wax Center Inc      | European Wax Center Inc      | CUSIP: 29882P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $373500.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmer Bros Co               | Farmer Bros Co               | CUSIP: 307675108<br>LEI: 5493006PMLETBTVJ3262 | Long             | EC               | CORP              | US        |    138000 | NS      | $636180.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc/The            | GEO Group Inc/The            | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |     41200 | NS      | $451140.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HighPeak Energy Inc          | HighPeak Energy Inc          | CUSIP: 43114Q105<br>LEI: 549300J4RNCV140DUY76 | Long             | EC               | CORP              | US        |     33800 | NS      | $773006.00    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc         | Hilltop Holdings Inc         | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     30000 | NS      | $900300.00    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR       | Home BancShares Inc/AR       | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $1025550.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp   | Horace Mann Educators Corp   | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     18000 | NS      | $672660.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc      | Kimball Electronics Inc      | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     30000 | NS      | $677700.00    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Legato Merger Corp II        | Legato Merger Corp II        | CUSIP: 52473Y203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $537500.00    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| NCR Corp                     | NCR Corp                     | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     28700 | NS      | $671867.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp            | Chord Energy Corp            | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      7500 | NS      | $1026075.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                 | Organon & Co                 | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |     18100 | NS      | $505533.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| P10 Inc                      | P10 Inc                      | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $373450.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc               | Photronics Inc               | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     28000 | NS      | $471240.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp        | ProPetro Holding Corp        | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1037000.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Research Solutions Inc/CA    | Research Solutions Inc/CA    | CUSIP: 761025105<br>LEI: 549300TYWPCKGK141Q94 | Long             | EC               | CORP              | US        |    150000 | NS      | $289500.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc  | John B Sanfilippo & Son Inc  | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |      8500 | NS      | $691220.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc            | Shoe Carnival Inc            | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29000 | NS      | $693390.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Solo Brands Inc              | Solo Brands Inc              | CUSIP: 83425V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93000 | NS      | $345960.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc   | Sprouts Farmers Market Inc   | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     14800 | NS      | $479076.00    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratus Properties Inc       | Stratus Properties Inc       | CUSIP: 863167201<br>LEI: 5493008I6ZRDZWT8ZZ15 | Long             | EC               | CORP              | US        |     35700 | NS      | $688653.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SunOpta Inc                  | SunOpta Inc                  | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | US        |    104500 | NS      | $881980.00    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp    | Taylor Morrison Home Corp    | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     29800 | NS      | $904430.00    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc | Texas Capital Bancshares Inc | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     18000 | NS      | $1085580.00   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiptree Inc                  | Tiptree Inc                  | CUSIP: 88822Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $553600.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods Inc          | TreeHouse Foods Inc          | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     19000 | NS      | $938220.00    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc        | Triumph Financial Inc        | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     23000 | NS      | $1124010.00   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Outdoor Inc            | Vista Outdoor Inc            | CUSIP: 928377100<br>LEI: 549300QI2D33ESTJLN81 | Long             | EC               | CORP              | US        |     50000 | NS      | $1218500.00   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd           | Ichor Holdings Ltd           | CUSIP: N/A<br>LEI: 529900PS8R2JVLJ2H892       | Long             | EC               | CORP              | US        |     17000 | NS      | $455940.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** Professionally Managed Portfolios

**Signature:** /s/ Craig Benton

**Name of Signer:** Craig Benton

**Title:** Treasurer