# EDGAR Filing Document

**Accession Number:** 0001395397
**File Stem:** 0001145549-23-006921
**Filing Date:** 2023-2
**Character Count:** 25680
**Document Hash:** d0240e96da209d4a48fee592eb4fe736
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-006921.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001145549-23-006921

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WISCONSIN CAPITAL FUNDS INC
- **CENTRAL INDEX KEY:** 0001395397
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22045
- **FILM NUMBER:** 23646889

**BUSINESS ADDRESS:**
- **STREET 1:** 8020 EXCELSIOR DRIVE
- **STREET 2:** SUITE 402
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53717
- **BUSINESS PHONE:** 608 824 8800

**MAIL ADDRESS:**
- **STREET 1:** 8020 EXCELSIOR DRIVE
- **STREET 2:** SUITE 402
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53717

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WISCONSON CAPITAL FUNDS INC
- **DATE OF NAME CHANGE:** 20070405

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WINSONIC CAPITAL FUNDS INC
- **DATE OF NAME CHANGE:** 20070404

## Series and Classes Contracts Data

### Plumb Equity Fund (Series ID: S000017841)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000049546 | Investor Shares      | PLBEX           |
| C000221189 | Institutional Shares | PLIEX           |
| C000225467 | Class A Shares       | PLAEX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Plumb Equity Fund** | | |
| **Schedule of Investments** | | |
| **December 31, 2022 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 96.64%** | | |
| **Automobiles & Components - 1.91%** | | |
| Ford Motor Co. | 30000 | $348900 |
| **Capital Goods - 3.73%** |  |  |
| Raytheon Technologies Corp. | 6750 | 681210 |
| **Commercial & Professional Services - 7.28%** |  |  |
| Copart, Inc. (a) | 13000 | 791570 |
| VSE Corp. | 11500 | 539120 |
|  |  | 1330690 |
| **Consumer Discretionary - 1.70%** |  |  |
| Nutrien Ltd. (a)(b) | 4250 | 310378 |
| **Diversified Financials - 2.68%** |  |  |
| Discover Financial Services | 5000 | 489150 |
| **Energy - 7.48%** |  |  |
| Phillips 66 | 4500 | 468360 |
| Schlumberger NV - ADR (b) | 16800 | 898128 |
|  |  | 1366488 |
| **Food, Beverage & Tobacco - 3.68%** |  |  |
| Constellation Brands, Inc. - Class A | 2900 | 672075 |
| **Health Care Equipment & Services - 4.35%** |  |  |
| Intuitive Surgical, Inc. (a) | 3000 | 796050 |
| **Household & Personal Products - 3.03%** |  |  |
| e.l.f Beauty, Inc. (a) | 10000 | 553000 |
| **Media & Entertainment - 4.34%** |  |  |
| Alphabet, Inc. - Class A (a) | 9000 | 794070 |
| **Retailing - 4.86%** |  |  |
| Amazon.com, Inc. (a) | 1000 | 84000 |
| MercadoLibre, Inc. (a) | 950 | 803928 |
|  |  | 887928 |
| **Semiconductors & Semiconductor Equipment - 7.10%** |  |  |
| Microchip Technology, Inc. | 6000 | 421500 |
| NVIDIA Corp. | 6000 | 876840 |
|  |  | 1298340 |
| **Software & Services - 40.06%** |  |  |
| Adobe, Inc. (a) | 2200 | 740366 |
| Autodesk, Inc. (a) | 4300 | 803541 |
| Fiserv, Inc. (a) | 7000 | 707490 |
| Mastercard, Inc. - Class A | 3000 | 1043190 |
| Microsoft Corp. | 4000 | 959280 |
| Mitek Systems, Inc. (a) | 32000 | 310080 |
| Olo, Inc. (a) | 45000 | 281250 |
| Toast, Inc. (a) | 34367 | 619637 |
| Visa, Inc. - Class A | 5000 | 1038800 |
| WEX, Inc. (a) | 5000 | 818250 |
|  |  | 7321884 |
| **Technology Hardware & Equipment - 4.44%** |  |  |
| Apple, Inc. | 6250 | 812062 |
| **TOTAL COMMON STOCKS (Cost $12,009,322)** |  | 17662225 |
| **SHORT TERM INVESTMENT - 3.48%** |  |  |
| **Money Market Fund - 3.48%** |  |  |
| First American Government Obligations Fund - Class X - 4.08% (c) | 636702 | 636702 |
| **TOTAL SHORT TERM INVESTMENT (Cost $636,702)** |  | 636702 |
| **Total Investments (Cost $12,646,024) - 100.12%** |  | **18298927** |
| **Liabilities in Excess of Other Assets - (0.12)%** |  | **(22534)** |
| **TOTAL NET ASSETS - 100.00%** |  | $**18276393** |

---

---

| | |
|:---|:---|
|  | Percentages are stated as a percent of net assets. |
|  | ADR - American Depositary Receipt |
| (a) | Non-income producing security. |
| (b) | Foreign issued security. |
| (c) | Rate shown is the 7-day effective yield. |
|  | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Global Fund Services, LLC. |
|  | The accompanying notes are an integral part of the Schedule of Investments. |

---

------

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments (Unaudited)** | **Notes to the Schedule of Investments (Unaudited)** |
| **Security Valuation** | **Security Valuation** |
| The Funds have adopted authoritative fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs during the year. These inputs are summarized in the three broad levels listed below. | The Funds have adopted authoritative fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs during the year. These inputs are summarized in the three broad levels listed below. |
| Level 1 - | quoted prices in active markets for identical securities |
| Level 2 - | other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| Level 3 - | significant unobservable inputs (including the Funds' own assumptions in determining fair value of investments) |
| Equity securities, including common stocks, are valued at the last sale price reported by the exchange on which the securities are primarily traded on the day of valuation. Nasdaq-listed securities are valued at their Nasdaq Office Closing Price. Equity securities not traded on a listed exchange or not traded using Nasdaq are valued as of the last sale price at the close of the U.S. market. If there are no sales on a given day for securities traded on an exchange, the latest bid quotation will be used. These securities will generally be classified as Level 1 securities. | Equity securities, including common stocks, are valued at the last sale price reported by the exchange on which the securities are primarily traded on the day of valuation. Nasdaq-listed securities are valued at their Nasdaq Office Closing Price. Equity securities not traded on a listed exchange or not traded using Nasdaq are valued as of the last sale price at the close of the U.S. market. If there are no sales on a given day for securities traded on an exchange, the latest bid quotation will be used. These securities will generally be classified as Level 1 securities. |
| Investments in mutual funds, including money market funds, are generally priced at the ending net asset value (NAV) provided by the service agent of the funds and will be classified as Level 1 securities. | Investments in mutual funds, including money market funds, are generally priced at the ending net asset value (NAV) provided by the service agent of the funds and will be classified as Level 1 securities. |
| Debt securities, such as corporate bonds and preferred securities, are valued using a market approach based on information supplied by independent pricing services. The market inputs used by the independent pricing service include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. Debt securities with remaining maturities of 60 days or less may be valued on an amortized cost basis, which involves valuing an instrument at its cost and thereafter assuming a constant amortization to maturity of any discount or premium, regardless of the impact of fluctuating rates on the fair value of the instrument. To the extent the inputs are observable and timely, these debt securities and preferred securities will generally be classified as Level 2 securities. | Debt securities, such as corporate bonds and preferred securities, are valued using a market approach based on information supplied by independent pricing services. The market inputs used by the independent pricing service include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. Debt securities with remaining maturities of 60 days or less may be valued on an amortized cost basis, which involves valuing an instrument at its cost and thereafter assuming a constant amortization to maturity of any discount or premium, regardless of the impact of fluctuating rates on the fair value of the instrument. To the extent the inputs are observable and timely, these debt securities and preferred securities will generally be classified as Level 2 securities. |
| Any securities or other assets for which market quotations are not readily available are valued at fair value as determined in good faith by the Advisor pursuant to procedures established under the general supervision and responsibility of the Funds' Board of Directors and will be classified as Level 3 securities. | Any securities or other assets for which market quotations are not readily available are valued at fair value as determined in good faith by the Advisor pursuant to procedures established under the general supervision and responsibility of the Funds' Board of Directors and will be classified as Level 3 securities. |
| The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety. | The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety. |
| The following is a summary of the inputs used in valuing the Funds' assets carried at fair value as of December 31, 2022. | The following is a summary of the inputs used in valuing the Funds' assets carried at fair value as of December 31, 2022. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Plumb Equity Fund** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks\* | $17662225 | $- | $- | $17662225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | 636702 | - | - | 636702 |
| **Total** | $**18298927** | $- | $- | $**18298927** |
| \*For detailed industry descriptions, refer to the Schedules of Investments. | \*For detailed industry descriptions, refer to the Schedules of Investments. | \*For detailed industry descriptions, refer to the Schedules of Investments. |  |  |
| The Funds did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3. As of and during the period ended December 31, 2022, no securities were transferred into or out of Level 1 or Level 2. It is the Funds' policy to consider transfers into or out of any level as of the end of the reporting period. | The Funds did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3. As of and during the period ended December 31, 2022, no securities were transferred into or out of Level 1 or Level 2. It is the Funds' policy to consider transfers into or out of any level as of the end of the reporting period. | The Funds did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3. As of and during the period ended December 31, 2022, no securities were transferred into or out of Level 1 or Level 2. It is the Funds' policy to consider transfers into or out of any level as of the end of the reporting period. | The Funds did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3. As of and during the period ended December 31, 2022, no securities were transferred into or out of Level 1 or Level 2. It is the Funds' policy to consider transfers into or out of any level as of the end of the reporting period. | The Funds did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3. As of and during the period ended December 31, 2022, no securities were transferred into or out of Level 1 or Level 2. It is the Funds' policy to consider transfers into or out of any level as of the end of the reporting period. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Wisconsin Capital Funds Inc

- **b. Investment Company Act file number:** 811-22045

- **c. CIK number of Registrant:** 0001395397

- **d. LEI of Registrant:** 5493003CM7GWFKZQOR12

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

  - **Street Address 1:** 8020 Excelsior Drive

  - **City:** Madison

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53717

  - **Telephone number:** 608-960-4616

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

- **a. Name of Series:** Plumb Equity Fund

- **b. EDGAR series identifier (if any):** S000017841

- **c. LEI of Series:** 549300JYX7V5946CIV82

**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:** $18355319.00

**Total Liabilities:** $78925.92

**Net Assets:** $18276393.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000049546 | 10.97%               | 3.65%                | -6.26%               |
| Class ID C000221189 | 10.99%               | 3.69%                | -6.24%               |
| Class ID C000225467 | 10.91%               | 3.70%                | -6.26%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1399507.26             | $3392142.99                                |
| Month 2  | $0.00                    | $721255.07                                 |
| Month 3  | $-71617.79               | $-1179589.52                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adobe Inc                      | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      2200 | NS      | $740366.00    | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      9000 | NS      | $794070.00    | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      1000 | NS      | $84000.00     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      6250 | NS      | $812062.50    | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                   | Autodesk Inc                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      4300 | NS      | $803541.00    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands Inc                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      2900 | NS      | $672075.00    | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     13000 | NS      | $791570.00    | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Discover Financial Services    | Discover Financial Services                | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |      5000 | NS      | $489150.00    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                 | elf Beauty Inc                             | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     10000 | NS      | $553000.00    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    636702 | NS      | $636701.52    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                     | Fiserv Inc                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      7000 | NS      | $707490.00    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                  | Ford Motor Co                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     30000 | NS      | $348900.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      3000 | NS      | $796050.00    | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3000 | NS      | $1043190.00   | 5.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       950 | NS      | $803928.00    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      4000 | NS      | $959280.00    | 5.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc       | Microchip Technology Inc                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      6000 | NS      | $421500.00    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitek Systems Inc              | Mitek Systems Inc                          | CUSIP: 606710200<br>LEI: 549300ABZAQ3R25XG118 | Long             | EC               | CORP              | US        |     32000 | NS      | $310080.00    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6000 | NS      | $876840.00    | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTRIEN LTD COM                | NUTRIEN LTD COM                            | CUSIP: 67077M108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4250 | NS      | $310377.50    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Olo Inc                        | Olo Inc                                    | CUSIP: 68134L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $281250.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                    | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      4500 | NS      | $468360.00    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp     | Raytheon Technologies Corp                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      6750 | NS      | $681210.00    | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd               | Schlumberger Ltd                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     16800 | NS      | $898128.00    | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                      | Toast Inc                                  | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     34367 | NS      | $619637.01    | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                       | VSE Corp                                   | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     11500 | NS      | $539120.00    | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5000 | NS      | $1038800.00   | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                        | WEX Inc                                    | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      5000 | NS      | $818250.00    | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-14

**Name of Applicant:** Wisconsin Capital Funds Inc

**Signature:** Bonnie Romani

**Name of Signer:** Wisconsin Capital Funds Inc

**Title:** Chief Compliance Officer