# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0001145549-23-013839
**Filing Date:** 2023-2
**Character Count:** 17791
**Document Hash:** 802ecccac5c7b201b843a2229ed89277
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-013839.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001145549-23-013839

**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:** 23687631

**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 Blue Chip Equity Income Fund (Series ID: S000026468)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000079411 | Retail Class | HDPBX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HODGES BLUE CHIP EQUITY INCOME FUND** | **HODGES BLUE CHIP EQUITY INCOME FUND** | **HODGES BLUE CHIP EQUITY INCOME 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: 100.4%** | **COMMON STOCKS: 100.4%** |  |
| **Auto Manufacturers: 1.9%** | **Auto Manufacturers: 1.9%** |  |
| 4000 | Tesla, Inc. <sup>1</sup> | $492720 |
| **Banks: 3.5%** | **Banks: 3.5%** |  |
| 7000 | JPMorgan Chase & Co. | 938700 |
| **Beverages: 4.1%** | **Beverages: 4.1%** |  |
| 6000 | PepsiCo, Inc. | 1083960 |
| **Biotechnology: 3.0%** | **Biotechnology: 3.0%** |  |
| 3000 | Amgen, Inc. | 787920 |
| **Building Products Retail: 6.5%** | **Building Products Retail: 6.5%** |  |
| 3250 | The Home Depot, Inc. | 1026545 |
| 3500 | Lowe's Companies, Inc. | 697340 |
|  |  | 1723885 |
| **Chemicals: 0.8%** | **Chemicals: 0.8%** |  |
| 5000 | The Mosaic Co. | 219350 |
| **Computers: 5.9%** | **Computers: 5.9%** |  |
| 12000 | Apple, Inc. | 1559160 |
| **Discount Retail: 3.4%** | **Discount Retail: 3.4%** |  |
| 2000 | Costco Wholesale Corp. | 913000 |
| **Insurance: 3.3%** | **Insurance: 3.3%** |  |
| 4000 | Chubb Ltd. | 882400 |
| **Internet: 2.5%** | **Internet: 2.5%** |  |
| 8000 | Amazon.com, Inc. <sup>1</sup> | 672000 |
| **Machinery - Construction & Mining: 4.3%** | **Machinery - Construction & Mining: 4.3%** |  |
| 4750 | Caterpillar, Inc. | 1137910 |
| **Machinery - Diversified: 6.5%** | **Machinery - Diversified: 6.5%** |  |
| 4000 | Deere & Co. | 1715040 |
| **Oil Companies Exploration & Production: 4.4%** | **Oil Companies Exploration & Production: 4.4%** |  |
| 6000 | Chesapeake Energy Corp. | 566220 |
| 5000 | ConocoPhillips | 590000 |
|  |  | 1156220 |
| **Oil Companies Integrated: 6.3%** | **Oil Companies Integrated: 6.3%** |  |
| 15000 | Exxon Mobil Corp. | 1654500 |
| **Oil Refining & Marketing: 3.1%** | **Oil Refining & Marketing: 3.1%** |  |
| 8000 | Phillips 66 | 832640 |
| **Pharmaceuticals: 13.7%** | **Pharmaceuticals: 13.7%** |  |
| 5000 | AbbVie, Inc. | 808050 |
| 5500 | Johnson & Johnson | 971575 |
| 8000 | Merck & Co., Inc. | 887600 |
| 7000 | Novo Nordisk A/S - Class A | 947380 |
|  |  | 3614605 |
| **Pipelines: 3.7%** | **Pipelines: 3.7%** |  |
| 15000 | ONEOK, Inc. | 985500 |
| **Semiconductors: 8.9%** | **Semiconductors: 8.9%** |  |
| 4000 | NVIDIA Corp. | 584560 |
| 7000 | QUALCOMM, Inc. | 769580 |
| 6000 | Texas Instruments, Inc. | 991320 |
|  |  | 2345460 |
| **Software: 7.8%** | **Software: 7.8%** |  |
| 8000 | Activision Blizzard, Inc. | 612400 |
| 6000 | Microsoft Corp. | 1438920 |
|  |  | 2051320 |
| **Transportation: 6.8%** | **Transportation: 6.8%** |  |
| 4500 | Union Pacific Corp. | 931815 |
| 5000 | United Parcel Service, Inc. - Class B | 869200 |
|  |  | 1801015 |
| **TOTAL COMMON STOCKS** | **TOTAL COMMON STOCKS** |  |
| &nbsp;&nbsp;&nbsp; (Cost $19,015,286) | &nbsp;&nbsp;&nbsp; (Cost $19,015,286) | 26567305 |
| **TOTAL INVESTMENTS IN SECURITIES: 100.4%** | **TOTAL INVESTMENTS IN SECURITIES: 100.4%** |  |
| &nbsp;&nbsp;&nbsp; (Cost $19,015,286) | &nbsp;&nbsp;&nbsp; (Cost $19,015,286) | 26567305 |
| Liabilities in Excess of Other Assets: (0.4)% | Liabilities in Excess of Other Assets: (0.4)% | (93262) |
| **TOTAL NET ASSETS: 100.0%** | **TOTAL NET ASSETS: 100.0%** | $26474043 |
| <sup>1</sup> | Non-income producing security. |  |

---

------

---

| |
|:---|
| **Hodges Blue Chip Equity Income Fund**<br>**Summary of Fair Value Exposure at December 31, 2022 (Unaudited)** |
| The Hodges Blue Chip Equity Income 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** | $26567305 | $- | $- | $26567305 |
| **Total Investments in Securities** | $26567305 | $- | $- | $26567305 |

---

## 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 Blue Chip Equity Income Fund

- **b. EDGAR series identifier (if any):** S000026468

- **c. LEI of Series:** 254900QAAU9ASYUKGF54

**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:** $26701108.37

**Total Liabilities:** $2070613.28

**Net Assets:** $24630495.09

**Cash Not Reported:** $88469.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000079411 | 10.41%               | 6.17%                | -4.88%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-470873.87              | $2926495.10                                |
| Month 2  | $529675.33               | $1041979.45                                |
| Month 3  | $-126954.98              | $-1228452.43                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc                | AbbVie Inc                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      5000 | NS      | $808050.00    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc   | Activision Blizzard Inc   | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      8000 | NS      | $612400.00    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc            | Amazon.com Inc            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      8000 | NS      | $672000.00    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                 | Amgen Inc                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      3000 | NS      | $787920.00    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                 | Apple Inc                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     12000 | NS      | $1559160.00   | 6.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc           | Caterpillar Inc           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      4750 | NS      | $1137910.00   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp    | Chesapeake Energy Corp    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      6000 | NS      | $566220.00    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips            | ConocoPhillips            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      5000 | NS      | $590000.00    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp     | Costco Wholesale Corp     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      2000 | NS      | $913000.00    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                | Deere & Co                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      4000 | NS      | $1715040.00   | 6.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp          | Exxon Mobil Corp          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     15000 | NS      | $1654500.00   | 6.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The        | Home Depot Inc/The        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      3250 | NS      | $1026545.00   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co       | JPMorgan Chase & Co       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      7000 | NS      | $938700.00    | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson         | Johnson & Johnson         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5500 | NS      | $971575.00    | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc            | Lowe's Cos Inc            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      3500 | NS      | $697340.00    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc            | Merck & Co Inc            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      8000 | NS      | $887600.00    | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp            | Microsoft Corp            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      6000 | NS      | $1438920.00   | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The             | Mosaic Co/The             | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      5000 | NS      | $219350.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S          | Novo Nordisk A/S          | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      7000 | NS      | $947380.00    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp               | NVIDIA Corp               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4000 | NS      | $584560.00    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                 | ONEOK Inc                 | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     15000 | NS      | $985500.00    | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc               | PepsiCo Inc               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      6000 | NS      | $1083960.00   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66               | Phillips 66               | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      8000 | NS      | $832640.00    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc              | QUALCOMM Inc              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      7000 | NS      | $769580.00    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                 | Tesla Inc                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      4000 | NS      | $492720.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc     | Texas Instruments Inc     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      6000 | NS      | $991320.00    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp        | Union Pacific Corp        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4500 | NS      | $931815.00    | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc | United Parcel Service Inc | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      5000 | NS      | $869200.00    | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                 | Chubb Ltd                 | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      4000 | NS      | $882400.00    | 3.58%             |  |  |  | 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