Congress Mid Cap Growth Fund Institutional Class
IMIDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 615 East Michigan Street Milwaukee WI United States of America 53202
- IPO Date
- Nov 1, 2012
- CIK
- 0000811030
- Website
- congressasset.com
- Similar Companies
- Business
- Congress Mid Cap Growth Fund Institutional Class (IMIDX) is an open-end mutual fund that invests primarily in mid-cap growth equities, focusing on companies with positive revenue and earnings growth, strong competitive positions, profitability, prudent management, and attractive valuations relative to peers and history. Managed by Congress Asset Management Company, LLP, the fund offers exposure to a diversified portfolio typically comprising around 38 equity holdings across sectors such as industrials, information technology, consumer discretionary, financials, and health care; top holdings as of September 30, 2025, include EMCOR Group Inc., Curtiss-Wright Corp., and Raymond James Financial Inc. It benchmarks against the Russell Midcap Growth Index and emphasizes style purity with characteristics like a weighted average market cap of $26.5 billion, active share of 82.3%, and downside capture of 68.5%. The fund, launched on October 31, 2012, operates within the mid-cap growth category and serves institutional investors seeking long-term capital appreciation through quality growth stocks domiciled in the United States. Congress Asset Management, founded in 1985 and headquartered at 2 Seaport Lane, Boston, Massachusetts, manages the fund as part of its broader equity strategies, which also include large cap growth, small cap growth, and dividend growth; the firm oversees approximately $23.9 billion in assets, including non-discretionary assets, across equity, balanced, and fixed income vehicles for individual and institutional clients. In a significant operational advancement in 2025, Congress Asset Management went live on the Ridgeline cloud-native platform in June, consolidating front-to-back office functions such as portfolio management, trading, CRM, accounting, billing, and compliance to enhance scalability, efficiency, and support for multi-asset growth across 17,000 accounts. This technology adoption marks a key strategic shift from legacy systems, enabling the firm to modernize operations and pursue expansion amid industry changes, with no reported acquisitions, funding rounds, or major reorganizations specific to the fund itself in the last 1-2 years.