# EDGAR Filing Document

**Accession Number:** 0000796227
**File Stem:** 0001145549-23-004831
**Filing Date:** 2023-2
**Character Count:** 13252
**Document Hash:** 7bd12c0f4ae6d99f6f4426e85ef718e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004831.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001145549-23-004831

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Provident Mutual Funds, Inc.
- **CENTRAL INDEX KEY:** 0000796227
- **IRS NUMBER:** 391568580
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04722
- **FILM NUMBER:** 23576014

**BUSINESS ADDRESS:**
- **STREET 1:** N16 W23217 STONE RIDGE DRIVE
- **STREET 2:** SUITE 310
- **CITY:** WAUKESHA
- **STATE:** WI
- **ZIP:** 53188
- **BUSINESS PHONE:** 262 521 2337

**MAIL ADDRESS:**
- **STREET 1:** N16 W23217 STONE RIDGE DRIVE
- **STREET 2:** SUITE 310
- **CITY:** WAUKESHA
- **STATE:** WI
- **ZIP:** 53188

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Provident Trust Mutual Funds, Inc.
- **DATE OF NAME CHANGE:** 20120904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FMI MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 20011024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EASTCLIFF FUNDS INC
- **DATE OF NAME CHANGE:** 19951102

## Series and Classes Contracts Data

### Provident Trust Strategy Fund (Series ID: S000000834)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000002449 | Provident Trust Strategy Fund | PROVX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| Provident Trust Strategy Fund | Provident Trust Strategy Fund |  |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |  |
| December 31, 2022 (Unaudited) | December 31, 2022 (Unaudited) |  |
| **Shares or** <br> **Principal**<br> **Amount** |  | **Value** |
| **COMMON STOCKS - 80.4% (a)** | **COMMON STOCKS - 80.4% (a)** |  |
|  | **Airlines - 1.6%** |  |
| 88460 | Southwest Airlines Co. \* | $2978448 |
|  | **Computer Services - 9.0%** |  |
| 62760 | Accenture PLC, Cl A | 16746879 |
|  | **Distribution/Wholesale - 4.7%** |  |
| 184400 | Fastenal Co. | 8725808 |
|  | **Finance, Credit Card - 5.7%** |  |
| 50891 | Visa Inc. | 10573114 |
|  | **Finance, Investment Banker/Broker - 9.8%** |  |
| 219430 | The Charles Schwab Corp. | 18269741 |
|  | **Investment Management/Advisory Services - 5.4%** |  |
| 91560 | T. Rowe Price Group Inc. | 9985533 |
|  | **Medical, Health Maintenance Organization - 6.5%** |  |
| 22905 | UnitedHealth Group Inc. | 12143773 |
|  | **Retail, Building Products - 5.9%** |  |
| 35110 | The Home Depot, Inc. | 11089845 |
|  | **Retail, Discount - 8.1%** |  |
| 33110 | Costco Wholesale Corp. | 15114715 |
|  | **Retail, Major Department Stores - 1.8%** |  |
| 41970 | The TJX Companies, Inc. | 3340812 |
|  | **Super-Regional Banks - United States - 7.7%** |  |
| 91220 | PNC Financial Services Group, Inc. | 14407287 |
|  | **Web Portals/Internet Service Providers - 14.2%** |  |
| 150000 | Alphabet, Inc., Cl A \* | 13234500 |
| 150000 | Alphabet, Inc., Cl C \* | 13309500 |
|  |  | 26544000 |
|  | Total common stocks (cost $48,913,240) | 149919955 |
| **SHORT-TERM INVESTMENTS - 19.6% (a)** | **SHORT-TERM INVESTMENTS - 19.6% (a)** |  |
|  | **Money Market Fund - 10.1%** |  |
| 18865877 | First American Treasury Obligations Fund, Cl X, 4.177%^ | 18865877 |
|  | Total money market fund (cost $18,865,877) | 18865877  |
|  | **U.S. Treasury Securities - 9.5%** |  |
| $18000000 | U.S. Treasury Bills, 4.514%, due 6/22/2023† | 17614865 |
|  | Total U.S. treasury securities (cost $17,614,720) | 17614865 |
|  | Total short-term investments (cost $36,480,597) |  |
|  | Total investments - 100.0% (cost $85,393,837) | 186400697 |
|  | Other assets, less liabilities **- 0.0% (a)** | 50770 |
|  | **TOTAL NET ASSETS - 100.0%** | $186451467 |
| (a) | Percentages for the various classifications relate to total net assets. |  |
| \* | Non-income producing security. |  |
| ^ | The rate quoted is the annualized 7-day yield as of December 31, 2022. |  |
| † | The rate shown is the effective yield as of December 31, 2022. |  |
| PLC | - Public Limited Company |  |

| |
|:---|
| Provident Trust Strategy Fund |
| Summary of Fair Value Exposure at December 31, 2022 (Unaudited) |
| The Fund has adopted fair valuation accounting standards that 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 used to develop the measurements of fair value. The fair value hierarchy is categorized into three levels based on the inputs below: |
| <u>Level 1</u> – Valuations based on unadjusted quoted prices in active markets for identical assets that the Fund has the ability to access. |
| <u>Level 2</u> – Valuations based on quoted prices for similar assets or in markets that are not active or for which all significant inputs are observable, either directly or indirectly. |
| <u>Level 3</u> – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. |
| The following table summarizes the Fund's investments as of December 31, 2022, based on the inputs used to value them: |

---

---

| | |
|:---|:---|
|  | Investments in<br> Securities |
| <u>Valuation Inputs</u> | Investments in<br> Securities |
| Assets: |  |
| Level 1 - Common Stocks\* | $149919955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | 18865877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Level 1 | 168785832 |
| Level 2 - U.S. Treasury Securities | 17614865 |
| Level 3 - None | --- |
| Total | $186400697 |

---

\*See the Schedule of Investments for investments detailed by industry classifications.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Provident Mutual Funds, Inc.

- **b. Investment Company Act file number:** 811-04722

- **c. CIK number of Registrant:** 0000796227

- **d. LEI of Registrant:** 549300HFVT1R7IND6V45

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

  - **Street Address 1:** N16 W23217 Stone Ridge Drive

  - **City:** Waukesha

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53188

  - **Telephone number:** 855-739-9950

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

- **a. Name of Series:** Provident Trust Strategy Fund

- **b. EDGAR series identifier (if any):** S000000834

- **c. LEI of Series:** 549300O8PFUI9ZS2JF07

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

- **a. Date of fiscal year-end:** 2023-09-30

- **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:** $186990951.80

**Total Liabilities:** $587259.93

**Net Assets:** $186403691.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002449 | 5.01%                | 4.66%                | -6.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10663341.64             | $-1281593.10                               |
| Month 2  | $0.00                    | $9160649.73                                |
| Month 3  | $0.00                    | $-13148270.14                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                   | Alphabet Inc                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    150000 | NS      | $13309500.00  | 7.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    150000 | NS      | $13234500.00  | 7.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                    | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     33110 | NS      | $15114715.00  | 8.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                              | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    184400 | NS      | $8725808.00   | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  19266279 | NS      | $19266279.31  | 10.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     35110 | NS      | $11089844.60  | 5.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     91220 | NS      | $14407286.80  | 7.73%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc                   | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     91560 | NS      | $9985533.60   | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    219430 | NS      | $18269741.80  | 9.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co          | Southwest Airlines Co                    | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     88460 | NS      | $2978448.20   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     41970 | NS      | $3340812.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796ZQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18000000 | PA      | $17614864.98  | 9.45%             | 2023-06-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     22905 | NS      | $12143772.90  | 6.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     50891 | NS      | $10573114.16  | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |     62760 | NS      | $16746878.40  | 8.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-11

**Name of Applicant:** Provident Mutual Funds, Inc.

**Signature:** /s/ James R. Daley

**Name of Signer:** James R. Daley

**Title:** Chief Compliance Officer