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      <regStreet1>615 East Michigan Street</regStreet1>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>626-914-7363</regPhone>
      <seriesName>Otter Creek Long/Short Opportunity Fund</seriesName>
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      <repPdEnd>2021-10-31</repPdEnd>
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      <totLiabs>51128569.360000000000</totLiabs>
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        <name>ARK Next Generation Internet E</name>
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        <name>Ameresco Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Analog Devices Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Avantor Inc</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Boot Barn Holdings Inc</name>
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        <name>Central Garden &amp; Pet Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>E2open Parent Holdings Inc</name>
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        <name>GOLDMAN SACHS CAPITAL II</name>
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        <name>Guidewire Software Inc</name>
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        <name>HMN Financial Inc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HP Inc</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP Inc</title>
        <cusip>40434L105</cusip>
        <identifiers>
          <isin value="US40434L1052"/>
          <ticker value="HPQ"/>
        </identifiers>
        <balance>-33000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-952710.000000000000</valUSD>
        <pctVal>-0.6644635307</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HealthEquity Inc</name>
        <lei>529900LRJU1RAFQHM467</lei>
        <title>HealthEquity Inc</title>
        <cusip>42226A107</cusip>
        <identifiers>
          <isin value="US42226A1079"/>
          <ticker value="HQY"/>
        </identifiers>
        <balance>-29000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2145420.000000000000</valUSD>
        <pctVal>-1.4963140388</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HESS MIDSTREAM OPERATION</name>
        <lei>N/A</lei>
        <title>Hess Midstream Operations LP</title>
        <cusip>428102AC1</cusip>
        <identifiers>
          <isin value="US428102AC14"/>
          <ticker value="HESM"/>
        </identifiers>
        <balance>8000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8331680.000000000000</valUSD>
        <pctVal>5.8108947205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hologic Inc</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
        <title>Hologic Inc</title>
        <cusip>436440101</cusip>
        <identifiers>
          <isin value="US4364401012"/>
          <ticker value="HOLX"/>
        </identifiers>
        <balance>69736.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5232989.440000000000</valUSD>
        <pctVal>3.6497261908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IES Holdings Inc</name>
        <lei>549300687T8E6LN6EN72</lei>
        <title>IES Holdings Inc</title>
        <cusip>44951W106</cusip>
        <identifiers>
          <isin value="US44951W1062"/>
          <ticker value="IESC"/>
        </identifiers>
        <balance>46889.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2551230.490000000000</valUSD>
        <pctVal>1.7793448362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Immunic Inc</name>
        <lei>549300R5T12FW5MEQB20</lei>
        <title>Immunic Inc</title>
        <cusip>4525EP101</cusip>
        <identifiers>
          <isin value="US4525EP1011"/>
          <ticker value="IMUX"/>
        </identifiers>
        <balance>75000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>662250.000000000000</valUSD>
        <pctVal>0.4618834411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intel Corp</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp</title>
        <cusip>458140100</cusip>
        <identifiers>
          <isin value="US4581401001"/>
          <ticker value="INTC"/>
        </identifiers>
        <balance>-35000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1880200.000000000000</valUSD>
        <pctVal>-1.3113374798</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IQVIA Holdings Inc</name>
        <lei>549300W3R20NM4KQPH86</lei>
        <title>IQVIA Holdings Inc</title>
        <cusip>46266C105</cusip>
        <identifiers>
          <isin value="US46266C1053"/>
          <ticker value="IQV"/>
        </identifiers>
        <balance>17450.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4322365.000000000000</valUSD>
        <pctVal>3.0146150546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Russell 2000 Growth ET</name>
        <lei>549300CPJOUVKWJGSH44</lei>
        <title>iShares Russell 2000 Growth ETF</title>
        <cusip>464287648</cusip>
        <identifiers>
          <isin value="US4642876480"/>
          <ticker value="IWO"/>
        </identifiers>
        <balance>-9000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2700450.000000000000</valUSD>
        <pctVal>-1.8834173477</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>





      <invstOrSec>
        <name>iShares Russell 2000 ETF</name>
        <lei>549300O80OAR5VTWR172</lei>
        <title>iShares Russell 2000 ETF</title>
        <cusip>464287655</cusip>
        <identifiers>
          <isin value="US4642876555"/>
          <ticker value="IWM"/>
        </identifiers>
        <balance>-12000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2652600.000000000000</valUSD>
        <pctVal>-1.8500445691</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jacobs Engineering Group Inc</name>
        <lei>549300CZ8QS1GE53O776</lei>
        <title>Jacobs Engineering Group Inc</title>
        <cusip>469814107</cusip>
        <identifiers>
          <isin value="US4698141078"/>
          <ticker value="J"/>
        </identifiers>
        <balance>45331.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6131017.750000000000</valUSD>
        <pctVal>4.2760522097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KLX ENERGY SERVICES HOLD</name>
        <lei>5493004D4S7MAO1H3U27</lei>
        <title>KLX Energy Services Holdings Inc</title>
        <cusip>48253LAA4</cusip>
        <identifiers>
          <isin value="US48253LAA44"/>
          <ticker value="KLXE"/>
        </identifiers>
        <balance>12000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7847820.000000000000</valUSD>
        <pctVal>5.4734286249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LPL Financial Holdings Inc</name>
        <lei>549300XROQ4Y8G2L7682</lei>
        <title>LPL Financial Holdings Inc</title>
        <cusip>50212V100</cusip>
        <identifiers>
          <isin value="US50212V1008"/>
          <ticker value="LPLA"/>
        </identifiers>
        <balance>15400.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2172016.000000000000</valUSD>
        <pctVal>1.5148633057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MGIC INVESTMENT CORP</name>
        <lei>254900S8483WM4M98R28</lei>
        <title>MGIC Investment Corp</title>
        <cusip>552848AB9</cusip>
        <identifiers>
          <isin value="US552848AB94"/>
          <ticker value="MTG"/>
        </identifiers>
        <balance>200000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263500.000000000000</valUSD>
        <pctVal>0.1837769524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>MGIC Investment Corp</name>
              <title>MGIC Investment Corp</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="552848103"/>
                <isin value="US5528481030"/>
                <ticker value="MTG"/>
              </identifiers>
            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="74.471800000000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>McCormick &amp; Co Inc/MD</name>
        <lei>549300JQQA6MQ4OJP259</lei>
        <title>McCormick &amp; Co Inc/MD</title>
        <cusip>579780206</cusip>
        <identifiers>
          <isin value="US5797802064"/>
          <ticker value="MKC"/>
        </identifiers>
        <balance>-21806.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1835411.020000000000</valUSD>
        <pctVal>-1.2800995965</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MSILF Treasury Portfolio</name>
        <lei>549300D1XR6GP7EZ0T47</lei>
        <title>Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio</title>
        <cusip>61747C582</cusip>
        <identifiers>
          <isin value="US61747C5821"/>
          <ticker value="MISXX"/>
        </identifiers>
        <balance>5910275.140000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5910275.140000000000</valUSD>
        <pctVal>4.1220962168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Vision Holdings Inc</name>
        <lei>549300JHURCBLI5ROA42</lei>
        <title>National Vision Holdings Inc</title>
        <cusip>63845R107</cusip>
        <identifiers>
          <isin value="US63845R1077"/>
          <ticker value="EYE"/>
        </identifiers>
        <balance>-41413.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2235473.740000000000</valUSD>
        <pctVal>-1.5591216362</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NextEra Energy Partners LP</name>
        <lei>5493008F4ZOQFNG3WN54</lei>
        <title>NextEra Energy Partners LP</title>
        <cusip>65341B106</cusip>
        <identifiers>
          <isin value="US65341B1061"/>
          <ticker value="NEP"/>
        </identifiers>
        <balance>70773.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5487030.690000000000</valUSD>
        <pctVal>3.8269061783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Owl Rock Capital Corp</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>Owl Rock Capital Corp</title>
        <cusip>69121K104</cusip>
        <identifiers>
          <isin value="US69121K1043"/>
          <ticker value="ORCC"/>
        </identifiers>
        <balance>226499.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3259320.610000000000</valUSD>
        <pctVal>2.2731992737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PayPal Holdings Inc</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PayPal Holdings Inc</title>
        <cusip>70450Y103</cusip>
        <identifiers>
          <isin value="US70450Y1038"/>
          <ticker value="PYPL"/>
        </identifiers>
        <balance>17765.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4894790.450000000000</valUSD>
        <pctVal>3.4138507460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qorvo Inc</name>
        <lei>254900YAUJV2EUEVBR11</lei>
        <title>Qorvo Inc</title>
        <cusip>74736K101</cusip>
        <identifiers>
          <isin value="US74736K1016"/>
          <ticker value="QRVO"/>
        </identifiers>
        <balance>22193.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4207570.870000000000</valUSD>
        <pctVal>2.9345523777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Quanta Services Inc</name>
        <lei>SHVRXXEACT60MMH07S24</lei>
        <title>Quanta Services Inc</title>
        <cusip>74762E102</cusip>
        <identifiers>
          <isin value="US74762E1029"/>
          <ticker value="PWR"/>
        </identifiers>
        <balance>53000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4817700.000000000000</valUSD>
        <pctVal>3.3600843401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Radius Global Infrastructure I</name>
        <lei>213800NT341MQ5USBX63</lei>
        <title>Radius Global Infrastructure Inc</title>
        <cusip>750481103</cusip>
        <identifiers>
          <isin value="US7504811032"/>
          <ticker value="RADI"/>
        </identifiers>
        <balance>244600.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3749718.000000000000</valUSD>
        <pctVal>2.6152248441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rollins Inc</name>
        <lei>549300F2A0BXT4SGWD84</lei>
        <title>Rollins Inc</title>
        <cusip>775711104</cusip>
        <identifiers>
          <isin value="US7757111049"/>
          <ticker value="ROL"/>
        </identifiers>
        <balance>-60600.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2322798.000000000000</valUSD>
        <pctVal>-1.6200255693</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBA Communications Corp</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA Communications Corp</title>
        <cusip>78410G104</cusip>
        <identifiers>
          <isin value="US78410G1040"/>
          <ticker value="SBAC"/>
        </identifiers>
        <balance>6500.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2216435.000000000000</valUSD>
        <pctVal>1.5458431480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P Homebuilders ETF</name>
        <lei>549300MSE80LL1UJS132</lei>
        <title>SPDR S&amp;P Homebuilders ETF</title>
        <cusip>78464A888</cusip>
        <identifiers>
          <isin value="US78464A8889"/>
          <ticker value="XHB"/>
        </identifiers>
        <balance>-20200.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1522878.000000000000</valUSD>
        <pctVal>-1.0621247732</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seacoast Banking Corp of Flori</name>
        <lei>549300V6IC06XYQYPG88</lei>
        <title>Seacoast Banking Corp of Florida</title>
        <cusip>811707801</cusip>
        <identifiers>
          <isin value="US8117078019"/>
          <ticker value="SBCF"/>
        </identifiers>
        <balance>66223.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2012516.970000000000</valUSD>
        <pctVal>1.4036213868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SiteOne Landscape Supply Inc</name>
        <lei>5299008LX7SBD4HIAU03</lei>
        <title>SiteOne Landscape Supply Inc</title>
        <cusip>82982L103</cusip>
        <identifiers>
          <isin value="US82982L1035"/>
          <ticker value="SITE"/>
        </identifiers>
        <balance>-14100.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2464398.000000000000</valUSD>
        <pctVal>-1.7187838860</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Snap-on Inc</name>
        <lei>HHWAT5TDOYZMM26KKQ73</lei>
        <title>Snap-on Inc</title>
        <cusip>833034101</cusip>
        <identifiers>
          <isin value="US8330341012"/>
          <ticker value="SNA"/>
        </identifiers>
        <balance>-9000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1961820.000000000000</valUSD>
        <pctVal>-1.3682630010</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stifel Financial Corp</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp</title>
        <cusip>860630102</cusip>
        <identifiers>
          <isin value="US8606301021"/>
          <ticker value="SF"/>
        </identifiers>
        <balance>-38000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2528520.000000000000</valUSD>
        <pctVal>-1.7635055017</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tesla Inc</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>Tesla Inc</title>
        <cusip>88160R101</cusip>
        <identifiers>
          <isin value="US88160R1014"/>
          <ticker value="TSLA"/>
        </identifiers>
        <balance>-2000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1374400.000000000000</valUSD>
        <pctVal>-0.9585694246</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toro Co/The</name>
        <lei>YJKE4YIT6BWQHVEW0D14</lei>
        <title>Toro Co/The</title>
        <cusip>891092108</cusip>
        <identifiers>
          <isin value="US8910921084"/>
          <ticker value="TTC"/>
        </identifiers>
        <balance>-8500.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-966790.000000000000</valUSD>
        <pctVal>-0.6742835667</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trimble Inc</name>
        <lei>549300E2MI7NSZFQWS19</lei>
        <title>Trimble Inc</title>
        <cusip>896239100</cusip>
        <identifiers>
          <isin value="US8962391004"/>
          <ticker value="TRMB"/>
        </identifiers>
        <balance>31900.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2727450.000000000000</valUSD>
        <pctVal>1.9022483827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trupanion Inc</name>
        <lei>549300J86GFKIDGMQP18</lei>
        <title>Trupanion Inc</title>
        <cusip>898202106</cusip>
        <identifiers>
          <isin value="US8982021060"/>
          <ticker value="TRUP"/>
        </identifiers>
        <balance>-6000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-690120.000000000000</valUSD>
        <pctVal>-0.4813212539</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard S&amp;P 500 ETF</name>
        <lei>549300D8V8ZP5GRJOC71</lei>
        <title>Vanguard S&amp;P 500 ETF</title>
        <cusip>922908363</cusip>
        <identifiers>
          <isin value="US9229083632"/>
          <ticker value="VOO"/>
        </identifiers>
        <balance>-11500.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-4636225.000000000000</valUSD>
        <pctVal>-3.2335153745</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vertiv Holdings Co</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>Vertiv Holdings Co</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <isin value="US92537N1081"/>
          <ticker value="VRT"/>
        </identifiers>
        <balance>163800.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4592952.000000000000</valUSD>
        <pctVal>3.2033348050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YETI Holdings Inc</name>
        <lei>549300DSQICIGNT5GO63</lei>
        <title>YETI Holdings Inc</title>
        <cusip>98585X104</cusip>
        <identifiers>
          <isin value="US98585X1046"/>
          <ticker value="YETI"/>
        </identifiers>
        <balance>-8000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-770640.000000000000</valUSD>
        <pctVal>-0.5374795848</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zebra Technologies Corp</name>
        <lei>PO0I32GKZ3HZMMDPZZ08</lei>
        <title>Zebra Technologies Corp</title>
        <cusip>989207105</cusip>
        <identifiers>
          <isin value="US9892071054"/>
          <ticker value="ZBRA"/>
        </identifiers>
        <balance>8790.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4856299.200000000000</valUSD>
        <pctVal>3.3870051877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zimmer Biomet Holdings Inc</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>Zimmer Biomet Holdings Inc</title>
        <cusip>98956P102</cusip>
        <identifiers>
          <isin value="US98956P1021"/>
          <ticker value="ZBH"/>
        </identifiers>
        <balance>27500.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4494050.000000000000</valUSD>
        <pctVal>3.1343560265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>




      <invstOrSec>
        <name>Clarivate PLC</name>
        <lei>549300WDHIIODXFO0R55</lei>
        <title>Clarivate PLC</title>
        <cusip>G21810109</cusip>
        <identifiers>
          <isin value="JE00BJJN4441"/>
          <ticker value="CLVT"/>
        </identifiers>
        <balance>313000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7136400.000000000000</valUSD>
        <pctVal>4.9772517767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLARIVATE PLC</name>
        <lei>549300WDHIIODXFO0R55</lei>
        <title>Clarivate PLC</title>
        <cusip>EP0598771</cusip>
        <identifiers>
          <isin value="JE00BM91P354"/>
          <ticker value="CLVT"/>
        </identifiers>
        <balance>28600.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2599740.000000000000</valUSD>
        <pctVal>1.8131775873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eaton Corp PLC</name>
        <lei>549300VDIGTMXUNT7H71</lei>
        <title>Eaton Corp PLC</title>
        <cusip>G29183103</cusip>
        <identifiers>
          <isin value="IE00B8KQN827"/>
          <ticker value="ETN"/>
        </identifiers>
        <balance>32400.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5120820.000000000000</valUSD>
        <pctVal>3.5714940927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Logitech International SA</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>Logitech International SA</title>
        <cusip>H50430232</cusip>
        <identifiers>
          <isin value="CH0025751329"/>
          <ticker value="LOGI"/>
        </identifiers>
        <balance>-20200.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2202810.000000000000</valUSD>
        <pctVal>-1.5363404498</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>






    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The monthly total returns shown in B.5.a. do not reflect the deduction of sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-09-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Professionally Managed Portfolios</ncom:nameOfApplicant>
      <ncom:signature>/s/ Aaron Perkovich</ncom:signature>
      <ncom:signerName>Aaron Perkovich</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
