# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0001145549-23-020598
**Filing Date:** 2023-3
**Character Count:** 50089
**Document Hash:** 758dcf446f6487f281d87e92ba8a6526
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-020598.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001145549-23-020598

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**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:** 23780310

**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

### 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** | **Otter Creek Long/Short Opportunity Fund** |
| SCHEDULE OF INVESTMENTS at January 31, 2023 (Unaudited) | SCHEDULE OF INVESTMENTS at January 31, 2023 (Unaudited) | SCHEDULE OF INVESTMENTS at January 31, 2023 (Unaudited) |  |
| **Shares** |  |  | **Value** |
| **COMMON STOCKS: 65.0%** | **COMMON STOCKS: 65.0%** |  |  |
| **Asset Management & Custody Banks: 4.8%** | **Asset Management & Custody Banks: 4.8%** |  |  |
| 260054 | Blackstone Secured Lending Fund |  | $6397328 |
| 231191 | Blue Owl Capital, Inc. - Class A |  | 2908383 |
|  |  |  | 9305711 |
| **Building Products: 4.3%** | **Building Products: 4.3%** |  |  |
| 89300 | Carrier Global Corp. |  | 4065829 |
| 60359 | Johnson Controls International PLC |  | 4199176 |
|  |  |  | 8265005 |
| **Construction & Engineering: 5.4%** | **Construction & Engineering: 5.4%** |  |  |
| 35161 | Ameresco, Inc. - Class A <sup>1</sup> |  | 2266830 |
| 33317 | Jacobs Solutions, Inc. |  | 4116315 |
| 27375 | Quanta Services, Inc. |  | 4166201 |
|  |  |  | 10549346 |
| **Copper: 1.0%** | **Copper: 1.0%** |  |  |
| 42000 | Freeport-McMoRan, Inc. |  | 1874040 |
| **Data Processing & Outsourced Services: 2.1%** | **Data Processing & Outsourced Services: 2.1%** |  |  |
| 18000 | Visa, Inc. - Class A |  | 4143780 |
| **Diversified Metals & Mining: 5.0%** | **Diversified Metals & Mining: 5.0%** |  |  |
| 228000 | Glencore PLC - ADR |  | 3039240 |
| 64000 | Newmont Goldcorp Corp. |  | 3387520 |
| 40000 | Rio Tinto PLC - ADR |  | 3174000 |
|  |  |  | 9600760 |
| **Electrical Components & Equipment: 3.4%** | **Electrical Components & Equipment: 3.4%** |  |  |
| 18300 | Eaton Corp PLC |  | 2968443 |
| 254426 | Vertiv Holdings Co. |  | 3617938 |
|  |  |  | 6586381 |
| **Electronic Equipment & Instruments: 1.3%** | **Electronic Equipment & Instruments: 1.3%** |  |  |
| 7680 | Zebra Technologies Corp. - Class A <sup>1</sup> |  | 2428262 |
| **Electronic Manufacturing Services: 1.9%** | **Electronic Manufacturing Services: 1.9%** |  |  |
| 160009 | Flex Ltd. <sup>1</sup> |  | 3736210 |
| **Fertilizers & Agricultural Chemicals: 2.4%** | **Fertilizers & Agricultural Chemicals: 2.4%** |  |  |
| 72000 | Corteva, Inc. |  | 4640400 |
| **Financial Exchanges & Data: 2.2%** | **Financial Exchanges & Data: 2.2%** |  |  |
| 40000 | Intercontinental Exchange, Inc. |  | 4302000 |
| **Financial Services: 1.2%** | **Financial Services: 1.2%** |  |  |
| 330526 | E2open Parent Holdings, Inc. - Class A <sup>1</sup> |  | 2280630 |
| **Health Care Equipment: 4.8%** | **Health Care Equipment: 4.8%** |  |  |
| 64000 | Hologic, Inc. <sup>1</sup> |  | 5207680 |
| 48000 | Medtronic Plc |  | 4017120 |
|  |  |  | 9224800 |
| **Homefurnishing Retail: 1.8%** | **Homefurnishing Retail: 1.8%** |  |  |
| 11200 | RH <sup>1</sup> |  | 3494288 |
| **Insurance Brokers: 3.1%** | **Insurance Brokers: 3.1%** |  |  |
| 19200 | Arthur J Gallagher & Co. |  | 3757824 |
| 80521 | BRP Group, Inc. - Class A <sup>1</sup> |  | 2306927 |
|  |  |  | 6064751 |
| **Integrated Telecommunication Services: 4.4%** | **Integrated Telecommunication Services: 4.4%** |  |  |
| 202000 | AT&T, Inc. |  | 4114740 |
| 331143 | Radius Global Infrastructure, Inc. - Class A <sup>1</sup> |  | 4460496 |
|  |  |  | 8575236 |
| **Internet Software & Services: 1.2%** | **Internet Software & Services: 1.2%** |  |  |
| 22870 | Alphabet, Inc. - Class A <sup>1</sup> |  | 2260471 |
| **Investment Banking & Brokerage: 4.4%** | **Investment Banking & Brokerage: 4.4%** |  |  |
| 18261 | LPL Financial Holdings, Inc. |  | 4330048 |
| 43000 | Morgan Stanley |  | 4185190 |
|  |  |  | 8515238 |
| **Life Sciences Tools & Services: 1.2%** | **Life Sciences Tools & Services: 1.2%** |  |  |
| 94000 | Avantor, Inc. <sup>1</sup> |  | 2246600 |
| **Oil & Gas Equipment & Services: 1.5%** | **Oil & Gas Equipment & Services: 1.5%** |  |  |
| 70000 | Halliburton Co. |  | 2885400 |
| **Pharmaceuticals: 1.5%** | **Pharmaceuticals: 1.5%** |  |  |
| 46000 | AstraZeneca PLC - ADR |  | 3007020 |
| **Property & Casualty Insurance: 1.9%** | **Property & Casualty Insurance: 1.9%** |  |  |
| 54000 | W R Berkley Corp. |  | 3787560 |
| **Semiconductor Equipment: 0.9%** | **Semiconductor Equipment: 0.9%** |  |  |
| 32870 | Azenta, Inc. <sup>1</sup> |  | 1837433 |
| **Semiconductors: 1.1%** | **Semiconductors: 1.1%** |  |  |
| 11900 | NXP Semiconductors NV |  | 2193289 |
| **Technology Hardware, Storage & Peripherals: 1.7%** | **Technology Hardware, Storage & Peripherals: 1.7%** |  |  |
| 109197 | Avid Technology, Inc. <sup>1</sup> |  | 3309761 |
| **Thrifts & Mortgage Finance: 0.3%** | **Thrifts & Mortgage Finance: 0.3%** |  |  |
| 25057 | HMN Financial, Inc. |  | 546994 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $114,392,484) | &nbsp;&nbsp;&nbsp; (Cost $114,392,484) |  | 125661366 |
| **PREFERRED STOCKS: 2.1%** | **PREFERRED STOCKS: 2.1%** |  |  |
| **Trading Companies & Distributors: 2.1%** | **Trading Companies & Distributors: 2.1%** |  |  |
| 147686 | WESCO International, Inc., 10.625% |  | 4017059 |
| **TOTAL PREFERRED STOCKS** | **TOTAL PREFERRED STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $3,959,314) | &nbsp;&nbsp;&nbsp; (Cost $3,959,314) |  | 4017059 |
| &nbsp;&nbsp;&nbsp; **Principal Amount** |  |  |  |
| **CORPORATE BONDS: 16.5%** | **CORPORATE BONDS: 16.5%** |  |  |
| **Asset Management & Custody Banks: 1.9%** | **Asset Management & Custody Banks: 1.9%** |  |  |
| $2000000 | BlueLinx Holdings, Inc. |  |  |
|  | &nbsp;&nbsp;&nbsp; 6.000%, 11/15/2029 |  | 1775550 |
| 2000000 | Owl Rock Capital Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp; 4.250%, 1/15/2026 |  | 1882819 |
|  |  |  | 3658369 |
| **Electrical Components & Equipment: 3.0%** | **Electrical Components & Equipment: 3.0%** |  |  |
| 6750000 | Vertiv Group Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp; 4.125%, 11/15/2028 |  | 5855974 |
| **Investment Banking & Brokerage: 1.2%** | **Investment Banking & Brokerage: 1.2%** |  |  |
| 2785000 | Goldman Sachs Capital II |  |  |
|  | &nbsp;&nbsp;&nbsp; 5.793% (3 Month LIBOR + 0.077%), 3/3/2023 <sup>2,3</sup> |  | 2238444 |
| **Oil & Gas Storage & Transportation: 4.1%** | **Oil & Gas Storage & Transportation: 4.1%** |  |  |
| 8000000 | Hess Midstream Operations LP |  |  |
|  | &nbsp;&nbsp;&nbsp; 5.625%, 2/15/2026 |  | 7911560 |
| **Packaged Foods & Meats: 2.0%** | **Packaged Foods & Meats: 2.0%** |  |  |
| 4000000 | Tenet Healthcare Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp; 4.875%, 1/1/2026 |  | 3900500 |
| **Research & Consulting Services: 4.3%** | **Research & Consulting Services: 4.3%** |  |  |
| 9500000 | Clarivate Science Holdings Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp; 4.875%, 7/1/2029 |  | 8372065 |
| **TOTAL CORPORATE BONDS** | **TOTAL CORPORATE BONDS** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $30,849,634) | &nbsp;&nbsp;&nbsp; (Cost $30,849,634) |  | 31936912 |
| **CONVERTIBLE BONDS: 1.1%** | **CONVERTIBLE BONDS: 1.1%** |  |  |
| 200000 | MGIC Investment Corp. |  |  |
|  | &nbsp;&nbsp;&nbsp; 9.000%, 4/1/2063 |  | 273245 |
| 2000000 | Radius Global Infrastructure, Inc. |  |  |
|  | &nbsp;&nbsp;&nbsp; 2.500%, 9/15/2026 |  | 1852500 |
| **TOTAL CONVERTIBLE BONDS** | **TOTAL CONVERTIBLE BONDS** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $1,816,760) | &nbsp;&nbsp;&nbsp; (Cost $1,816,760) |  | 2125745 |
| **U.S. GOVERNMENT NOTES/BONDS: 10.6%** | **U.S. GOVERNMENT NOTES/BONDS: 10.6%** |  |  |
| 17000000 | &nbsp;&nbsp;&nbsp; 2.500%, 5/15/2024 |  | 16546445 |
| 4000000 | &nbsp;&nbsp;&nbsp; 2.500%, 5/31/2024 |  | 3891094 |
| **TOTAL U.S. GOVERNMENT NOTES/BONDS** | **TOTAL U.S. GOVERNMENT NOTES/BONDS** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $20,454,756) | &nbsp;&nbsp;&nbsp; (Cost $20,454,756) |  | 20437539 |
| &nbsp;&nbsp;&nbsp; **Shares** |  |  |  |
| **EXCHANGE-TRADED FUNDS: 1.0%** | **EXCHANGE-TRADED FUNDS: 1.0%** |  |  |
| **Gold: 1.0%** | **Gold: 1.0%** |  |  |
| 11000 | SPDR Gold Shares <sup>1</sup> |  | 1973510 |
| **TOTAL EXCHANGE-TRADED FUNDS** | **TOTAL EXCHANGE-TRADED FUNDS** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $1,911,030) | &nbsp;&nbsp;&nbsp; (Cost $1,911,030) |  | 1973510 |
| **SHORT-TERM INVESTMENTS: 2.6%** | **SHORT-TERM INVESTMENTS: 2.6%** |  |  |
| **Money Market Funds: 2.6%** | **Money Market Funds: 2.6%** |  |  |
| 5068007 | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio, 4.439% <sup>4</sup> |  | 5068007 |
| **TOTAL SHORT-TERM INVESTMENTS** | **TOTAL SHORT-TERM INVESTMENTS** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $5,068,007) | &nbsp;&nbsp;&nbsp; (Cost $5,068,007) |  | 5068007 |
| **TOTAL MISCELLANEOUS SECURITIES: 1.3% <sup>5</sup>** | **TOTAL MISCELLANEOUS SECURITIES: 1.3% <sup>5</sup>** | **Notional Amount** |  |
| &nbsp;&nbsp;&nbsp; (Cost $3,498,532) | &nbsp;&nbsp;&nbsp; (Cost $3,498,532) | $99194767 | 2438948 |
| **TOTAL INVESTMENTS IN SECURITIES: 100.0%** | **TOTAL INVESTMENTS IN SECURITIES: 100.0%** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $181,353,936) | &nbsp;&nbsp;&nbsp; (Cost $181,353,936) |  | 193659086 |
| Liabilities in Excess of Other Assets: (0.2)% | Liabilities in Excess of Other Assets: (0.2)% |  | (342664) |
| **TOTAL NET ASSETS: 100.0%** | **TOTAL NET ASSETS: 100.0%** |  | $193316422 |

---

---

| | |
|:---|:---|
| ADR - American Depositary Receipt | ADR - American Depositary Receipt |
| LIBOR - London Interbank Offered Rate | LIBOR - London Interbank Offered Rate |
| <sup>1</sup>  | Non-income producing security. |
| <sup>2</sup>  | Variable rate security; rate shown is the rate in effect on January 31, 2023. An index may have a negative rate. Interest rate may also be subject to a ceiling or floor. |
| <sup>3</sup>  | Perpetual call date security. Date shown is next call date. |
| <sup>4</sup>  | Annualized seven-day effective yield as of January 31, 2023. |
| <sup>5</sup>  | Represents unrestricted previously undisclosed exchange-traded purchased options which the Otter Creek Long/Short Opportunity Fund (the "Fund") has held for less than one year. |

---

------

---

| | | |
|:---|:---|:---|
| **Otter Creek Long/Short Opportunity Fund** | **Otter Creek Long/Short Opportunity Fund** | **Otter Creek Long/Short Opportunity Fund** |
| SCHEDULE OF SECURITIES SOLD SHORT at January 31, 2023 (Unaudited) <sup>1</sup> | SCHEDULE OF SECURITIES SOLD SHORT at January 31, 2023 (Unaudited) <sup>1</sup> | SCHEDULE OF SECURITIES SOLD SHORT at January 31, 2023 (Unaudited) <sup>1</sup> |
| **Shares** |  | **Value** |
| **COMMON STOCKS: 35.4%** | **COMMON STOCKS: 35.4%** |  |
| **Advertising: 1.1%** | **Advertising: 1.1%** |  |
| 58000 | The Interpublic Group of Companies, Inc. | $2114680 |
| **Apparel Retail: 1.0%** | **Apparel Retail: 1.0%** |  |
| 8500 | Burlington Stores, Inc. | 1953555 |
| **Apparel, Accessories & Luxury Goods: 2.0%** | **Apparel, Accessories & Luxury Goods: 2.0%** |  |
| 12400 | Lululemon Athletica, Inc. | 3805312 |
| **Application Software: 1.8%** | **Application Software: 1.8%** |  |
| 15600 | Ceridian HCM Holding, Inc. | 1127568 |
| 8300 | PTC, Inc. | 1119504 |
| 15000 | Zoom Video Communications, Inc. - Class A | 1125000 |
|  |  | 3372072 |
| **Asset Management & Custody Banks: 4.3%** | **Asset Management & Custody Banks: 4.3%** |  |
| 25000 | Ares Management Corp. <sup>2</sup> | 2074750 |
| 5200 | BlackRock, Inc. | 3947892 |
| 24300 | Blackstone, Inc. - Class A | 2331828 |
|  |  | 8354470 |
| **Building Products: 0.5%** | **Building Products: 0.5%** |  |
| 13300 | AAON, Inc. | 1015056 |
| **Data Processing & Outsourced Services: 2.2%** | **Data Processing & Outsourced Services: 2.2%** |  |
| 26000 | Paychex, Inc. | 3012360 |
| 15000 | Square, Inc. | 1225800 |
|  |  | 4238160 |
| **Diversified Support Services: 1.0%** | **Diversified Support Services: 1.0%** |  |
| 4400 | Cintas Corp. | 1952456 |
| **Electrical Components & Equipment: 1.8%** | **Electrical Components & Equipment: 1.8%** |  |
| 9000 | Rockwell Automation, Inc. | 2538270 |
| 35000 | Sunrun, Inc. | 919800 |
|  |  | 3458070 |
| **Environmental & Facilities Services: 1.0%** | **Environmental & Facilities Services: 1.0%** |  |
| 13000 | Waste Management, Inc. | 2011490 |
| **Food Retail: 0.6%** | **Food Retail: 0.6%** |  |
| 37000 | Grocery Outlet Holding Corp. | 1124430 |
| **Health Care Equipment: 1.5%** | **Health Care Equipment: 1.5%** |  |
| 11500 | Stryker Corp. | 2918815 |
| **Home Improvement Stores: 1.6%** | **Home Improvement Stores: 1.6%** |  |
| 9300 | The Home Depot, Inc. | 3014781 |
| **Industrial Conglomerates: 1.0%** | **Industrial Conglomerates: 1.0%** |  |
| 25000 | General Electric Co. | 2012000 |
| **Industry Machinery: 1.2%** | **Industry Machinery: 1.2%** |  |
| 9600 | IDEX Corp. | 2300928 |
| **Internet & Direct Marketing Retail: 0.6%** | **Internet & Direct Marketing Retail: 0.6%** |  |
| 19700 | DoorDash, Inc. - Class A | 1141024 |
| **Internet Retail: 1.1%** | **Internet Retail: 1.1%** |  |
| 21000 | Amazon.com, Inc. | 2165730 |
| **IT Consulting & Other Services: 0.8%** | **IT Consulting & Other Services: 0.8%** |  |
| 4850 | EPAM Systems, Inc. | 1613353 |
| **Life Sciences Tools & Services: 1.0%** | **Life Sciences Tools & Services: 1.0%** |  |
| 7400 | West Pharmaceutical Services, Inc. | 1965440 |
| **Managed Health Care: 0.4%** | **Managed Health Care: 0.4%** |  |
| 13600 | HealthEquity, Inc. | 827560 |
| **Packaged Foods & Meats: 1.4%** | **Packaged Foods & Meats: 1.4%** |  |
| 113400 | Hostess Brands, Inc. | 2622942 |
| **Restaurants: 0.5%** | **Restaurants: 0.5%** |  |
| 6600 | Wingstop, Inc. | 1045902 |
| **Semiconductor Equipment: 0.6%** | **Semiconductor Equipment: 0.6%** |  |
| 21400 | Kulicke & Soffa Industries, Inc. | 1093540 |
| **Semiconductors: 1.0%** | **Semiconductors: 1.0%** |  |
| 10000 | NVIDIA Corp. | 1953700 |
| **Specialized Consumer Services: 1.1%** | **Specialized Consumer Services: 1.1%** |  |
| 27400 | Service Corp International | 2031710 |
| **Specialty Stores: 1.8%** | **Specialty Stores: 1.8%** |  |
| 2600 | Five Below, Inc. | 512538 |
| 73000 | National Vision Holdings, Inc. | 3000300 |
|  |  | 3512838 |
| **Technology Hardware, Storage & Peripherals: 1.0%** | **Technology Hardware, Storage & Peripherals: 1.0%** |  |
| 13500 | Apple, Inc. | 1947915 |
| **Trucking: 1.5%** | **Trucking: 1.5%** |  |
| 6139 | Old Dominion Freight Line, Inc. | 2045760 |
| 28000 | Uber Technologies, Inc. | 866040 |
|  |  | 2911800 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |  |
| &nbsp;&nbsp;&nbsp; (Proceeds $65,905,631) | &nbsp;&nbsp;&nbsp; (Proceeds $65,905,631) | 68479729 |
| **EXCHANGE-TRADED FUNDS: 2.0%** | **EXCHANGE-TRADED FUNDS: 2.0%** |  |
| 75000 | Financial Select Sector SPDR Fund | 2742000 |
| 15000 | iShares Russell Mid-Cap ETF | 1095750 |
| **TOTAL EXCHANGE-TRADED FUNDS** | **TOTAL EXCHANGE-TRADED FUNDS** |  |
| &nbsp;&nbsp;&nbsp; (Proceeds $3,638,543) | &nbsp;&nbsp;&nbsp; (Proceeds $3,638,543) | 3837750 |
| **TOTAL SECURITIES SOLD SHORT: 37.4%** | **TOTAL SECURITIES SOLD SHORT: 37.4%** |  |
| (Proceeds $69,544,174) | (Proceeds $69,544,174) | $72317479 |
|  | Percentages are stated as a percent of net assets. |  |
| <sup>1</sup>  | Non-income producing security. |  |
| <sup>2</sup>  | Non-voting shares. |  |

---

------

---

| |
|:---|
| **Summary of Fair Value Exposure at January 31, 2023 (Unaudited)** |
| The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP 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 and securities sold short as of January 31, 2023. See the Schedule of Investments and Schedule of Securities Sold Short for the industry breakout. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments in Securities** | | | | |
| Common Stocks | $125661366 | $– | $– | $125661366 |
| Preferred Stocks | 4017059 | – | – | 4017059 |
| Corporate Bonds | – | 31936912 | – | 31936912 |
| Convertible Bonds | – | 2125745 | – | 2125745 |
| U.S. Government Notes/Bonds | – | 20437539 | – | 20437539 |
| Exchange-Traded Funds | 1973510 | – | – | 1973510 |
| Short-Term Investments | 5068007 | – | – | 5068007 |
| Miscellaneous Securities | 377100 | 2061848 | – | 2438948 |
| **Total Investments in Securities** | $137097042 | $56562044 | $– | $193659086 |
| **Securities Sold Short** |  |  |  |  |
| Common Stocks | $68479729 | $– | $– | $68479729 |
| Exchange-Traded Funds | 3837750 | – | – | 3837750 |
| **Total Securities Sold Short** | $72317479 | $– | $– | $72317479 |

---

## 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:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $266757200.42

**Total Liabilities:** $73524333.07

**Net Assets:** $193232867.35

**Cash Not Reported:** $71853451.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135565 | 2.17%                | -0.76%               | -0.32%               |
| Class ID C000135566 | 2.13%                | -0.75%               | -0.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6618533.68              | $-2637867.10                               |
| Month 2  | $-1854590.27             | $-1778040.14                               |
| Month 3  | $-1589911.31             | $3297641.45                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Block Inc                      | Block Inc                          | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1225800.00  | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                       | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Short            | EC               | CORP              | US        |    -11500 | NS      | $-2918815.00  | -1.51%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-1953700.00  | -1.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc      | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Short            | EC               | CORP              | US        |     -6139 | NS      | $-2045760.36  | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                        | PTC Inc                            | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Short            | EC               | CORP              | US        |     -8300 | NS      | $-1119504.00  | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                    | Paychex Inc                        | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Short            | EC               | CORP              | US        |    -26000 | NS      | $-3012360.00  | -1.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc        | Rockwell Automation Inc            | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-2538270.00  | -1.31%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold Shares               | SPDR Gold Shares                   | CUSIP: 78463V107<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11000 | NS      | $1973510.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Select Sector SPDR F | Financial Select Sector SPDR Fund  | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Short            | EC               | RF                | US        |    -75000 | NS      | $-2742000.00  | -1.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co             | Vertiv Holdings Co                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    254426 | NS      | $3617937.72   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                           | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    202000 | NS      | $4114740.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     22870 | NS      | $2260470.80   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Short            | EC               | CORP              | US        |    -21000 | NS      | $-2165730.00  | -1.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                   | Ameresco Inc                       | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |     35161 | NS      | $2266829.67   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |    -13500 | NS      | $-1947915.00  | -1.01%            |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                       | AAON Inc                           | CUSIP: 000360206<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -13300 | NS      | $-1015056.00  | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp           | Ares Management Corp               | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Short            | EC               | CORP              | US        |    -25000 | NS      | $-2074750.00  | -1.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                    | Avantor Inc                        | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94000 | NS      | $2246600.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Avid Technology Inc            | Avid Technology Inc                | CUSIP: 05367P100<br>LEI: 549300PQGW3DXKJTQ914 | Long             | EC               | CORP              | US        |    109197 | NS      | $3309761.07   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP Group Inc                  | BRP Group Inc                      | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80521 | NS      | $2306926.65   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp               | W R Berkley Corp                   | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     54000 | NS      | $3787560.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Treasury Portfolio       | MSILF Treasury Portfolio           | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   3855343 | NS      | $3855343.22   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                  | BlackRock Inc                      | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Short            | EC               | CORP              | US        |     -5200 | NS      | $-3947892.00  | -2.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                        | CUSIP: 172908105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -4400 | NS      | $-1952456.00  | -1.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                    | Corteva Inc                        | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     72000 | NS      | $4640400.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc               | EPAM Systems Inc                   | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Short            | EC               | CORP              | US        |     -4850 | NS      | $-1613352.50  | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                 | Five Below Inc                     | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Short            | EC               | CORP              | US        |     -2600 | NS      | $-512538.00   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc               | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     42000 | NS      | $1874040.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co        | Arthur J Gallagher & Co            | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     19200 | NS      | $3757824.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Short            | EC               | CORP              | US        |    -25000 | NS      | $-2012000.00  | -1.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                   | Glencore PLC                       | CUSIP: 37827X100<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |    228000 | NS      | $3039240.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS CAPITAL II       | Goldman Sachs Capital II           | CUSIP: 381427AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2785000 | PA      | $2238443.75   | 1.16%             | 2023-02-27      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Grocery Outlet Holding Corp    | Grocery Outlet Holding Corp        | CUSIP: 39874R101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -37000 | NS      | $-1124430.00  | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| HMN Financial Inc              | HMN Financial Inc                  | CUSIP: 40424G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25057 | NS      | $546994.31    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                     | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     70000 | NS      | $2885400.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc               | HealthEquity Inc                   | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Short            | EC               | CORP              | US        |    -13600 | NS      | $-827560.00   | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| HESS MIDSTREAM OPERATION       | Hess Midstream Operations LP       | CUSIP: 428102AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7911560.00   | 4.09%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                    | Hologic Inc                        | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     64000 | NS      | $5207680.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Short            | EC               | CORP              | US        |     -9300 | NS      | $-3014781.00  | -1.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Hostess Brands Inc             | Hostess Brands Inc                 | CUSIP: 44109J106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -113400 | NS      | $-2622942.00  | -1.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/T | Interpublic Group of Cos Inc/The   | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Short            | EC               | CORP              | US        |    -58000 | NS      | $-2114680.00  | -1.09%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell Mid-Cap ETF    | iShares Russell Mid-Cap ETF        | CUSIP: 464287499<br>LEI: 549300RVM4H7425YNW89 | Short            | EC               | RF                | US        |    -15000 | NS      | $-1095750.00  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc           | Jacobs Solutions Inc               | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33317 | NS      | $4116315.35   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc | Kulicke & Soffa Industries Inc     | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Short            | EC               | CORP              | SG        |    -21400 | NS      | $-1093540.00  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc     | LPL Financial Holdings Inc         | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     18261 | NS      | $4330048.32   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc            | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Short            | EC               | CORP              | CA        |    -12400 | NS      | $-3805312.00  | -1.97%            |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INVESTMENT CORP           | MGIC Investment Corp               | CUSIP: 552848AB9<br>LEI: 254900S8483WM4M98R28 | Long             | DBT              | CORP              | US        |    200000 | PA      | $273244.88    | 0.14%             | 2063-04-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                     | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | US        |     18300 | NS      | $2968443.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | US        |     60359 | NS      | $4199175.63   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                      | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     48000 | NS      | $4017120.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARIV SCI HLD CORP            | Clarivate Science Holdings Corp    | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9500000 | PA      | $8372065.00   | 4.33%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                       | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     64000 | NS      | $3387520.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     27375 | NS      | $4166201.25   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     18000 | NS      | $4143780.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL INC        | WESCO International Inc            | CUSIP: 95082P303<br>LEI: 529900TXOGREY3WNJ434 | Long             | EP               | CORP              | US        |    147686 | NS      | $4017059.20   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I | West Pharmaceutical Services Inc   | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Short            | EC               | CORP              | US        |     -7400 | NS      | $-1965440.00  | -1.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                   | Wingstop Inc                       | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Short            | EC               | CORP              | US        |     -6600 | NS      | $-1045902.00  | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                     | Sunrun Inc                         | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Short            | EC               | CORP              | US        |    -35000 | NS      | $-919800.00   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV          | NXP Semiconductors NV              | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |     11900 | NS      | $2193289.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OWL ROCK CAPITAL CORP          | Owl Rock Capital Corp              | CUSIP: 69121KAD6<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1882818.90   | 0.97%             | 2026-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Service Corp International/US  | Service Corp International/US      | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Short            | EC               | CORP              | US        |    -27400 | NS      | $-2031710.00  | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP          | Tenet Healthcare Corp              | CUSIP: 88033GCZ1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3900500.00   | 2.02%             | 2026-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Short            | EC               | CORP              | US        |    -28000 | NS      | $-866040.00   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond   | CUSIP: 912828WJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17000000 | PA      | $16546445.27  | 8.56%             | 2024-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond   | CUSIP: 91282CER8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3891093.76   | 2.01%             | 2024-05-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION       | Vertiv Group Corp                  | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $5855974.11   | 3.03%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                    | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     46000 | NS      | $3007020.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                   | DoorDash Inc                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Short            | EC               | CORP              | US        |    -19700 | NS      | $-1141024.00  | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| E2open Parent Holdings Inc     | E2open Parent Holdings Inc         | CUSIP: 29788T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    330526 | NS      | $2280629.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp                          | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Short            | EC               | CORP              | US        |     -9600 | NS      | $-2300928.00  | -1.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     40000 | NS      | $4302000.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                  | Rio Tinto PLC                      | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     40000 | NS      | $3174000.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Radius Global Infrastructure I | Radius Global Infrastructure Inc   | CUSIP: 750481103<br>LEI: 213800NT341MQ5USBX63 | Long             | EC               | CORP              | US        |    331143 | NS      | $4460496.21   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIUS GBL INFASTRUCTURE       | Radius Global Infrastructure Inc   | CUSIP: 750481AA1<br>LEI: 213800NT341MQ5USBX63 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1852500.00   | 0.96%             | 2026-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RH                             | RH                                 | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     11200 | NS      | $3494288.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                     | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Short            | EC               | CORP              | US        |    -24300 | NS      | $-2331828.00  | -1.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Secured Lending Fun | Blackstone Secured Lending Fund    | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Long             | EC               | CORP              | US        |    260054 | NS      | $6397328.40   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc           | Blue Owl Capital Inc               | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    231191 | NS      | $2908382.78   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUELINX HOLDING               | BlueLinx Holdings Inc              | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1775550.00   | 0.92%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Azenta Inc                     | Azenta Inc                         | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     32870 | NS      | $1837433.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc          | Burlington Stores Inc              | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Short            | EC               | CORP              | US        |     -8500 | NS      | $-1953555.00  | -1.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp            | Carrier Global Corp                | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     89300 | NS      | $4065829.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     43000 | NS      | $4185190.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp        | Zebra Technologies Corp            | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      7680 | NS      | $2428262.40   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Video Communications Inc  | Zoom Video Communications Inc      | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1125000.00  | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Ceridian HCM Holding Inc       | Ceridian HCM Holding Inc           | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Short            | EC               | CORP              | US        |    -15600 | NS      | $-1127568.00  | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc   | National Vision Holdings Inc       | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Short            | EC               | CORP              | US        |    -73000 | NS      | $-3000300.00  | -1.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc           | Waste Management Inc               | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Short            | EC               | CORP              | US        |    -13000 | NS      | $-2011490.00  | -1.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                       | Flex Ltd                           | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | US        |    160009 | NS      | $3736210.15   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-30

**Name of Applicant:** Professionally Managed Portfolios

**Signature:** /s/ Craig Benton

**Name of Signer:** Craig Benton

**Title:** Treasurer