greeksoup/ stock research
Stock research / United States / Funds / L. Roy Papp & Associates, LLP

L. Roy Papp & Associates, LLP

CIK 809339 · latest 13F filed 21 October 2026 · Read the filing on EDGAR

L. Roy Papp & Associates, LLP reported 193 US-listed holdings worth $981.0 million in its 13F for the quarter ended 30 September 2026, filed 21 October 2026. Its largest: Apple Inc. (7.5%), Microsoft Corp. (6.3%) and Alphabet Inc. (5.2%). Against the quarter before, it opened 8 positions, added to 51, trimmed 59 and sold out of 8.

Reported holdings$981.0M+3.1% on Q2 2026
Positions193as many as Q2 2026
The largest ten42.6%of its reported holdings
Latest 13FQ3 2026filed 21 October 2026
Where the money is
Added toHeldTrimmed
AAPL7.5%MSFT6.3%GOOG5.2%BLK3.9%V3.8%TMO3.6%GOOGL3.3%JNJ3.2%EXPD3.0%ORLY2.9%MRVL2.9%EOG2.5%COST2.2%XBI2.2%179 more47.7%

The 14 largest of its 193 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.

Reported holdings, quarter by quarter
Q3 2024: $826.2 million in 177 positions$826MQ3 24Q4 2024: $856.6 million in 178 positions$857MQ4 24Q1 2025: $815.2 million in 174 positions$815MQ1 25Q2 2025: $841.8 million in 180 positions$842MQ2 25Q3 2025: $889.6 million in 182 positions$890MQ3 25Q4 2025: $904.5 million in 185 positions$905MQ4 25Q1 2026: $867.4 million in 184 positions$867MQ1 26Q2 2026: $951.4 million in 193 positions$951MQ2 26Q3 2026: $981.0 million in 193 positions$981MQ3 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What its reported holdings returned

Held through each quarter, the holdings it reported returned +17.9% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.

Its reported holdingsThe S&P 500
100110120130Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26Q3 26Its holdings +17.9%S&P 500 +32.9%

Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.

What it did on the quarter

Opened 8Added 51Held 75Trimmed 59Sold out 8
Opened: 8Added: 51Held: 75Trimmed: 59Sold out: 8

Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held

Opened 8

  1. ExxonMobil Holdings Corp. XOM$13.7 million
  2. Ultragenyx Pharmaceutical in RARE$1.1 million
  3. Zebra Technologies Corp. ZBRA$280,730
  4. Macom Technology Solutions Holdings, Inc. MTSI$260,611
  5. Lattice Semiconductor Corp. LSCC$260,285
  6. Fabrinet FN$233,773
  7. Target Corp. TGT$227,201
  8. Western Midstream Partners L WES$224,468

Added to 51

  1. JPMorgan Chase & Co. JPM+5,060 shares · +13%
  2. Linde plc LIN+2,505 shares · +19%
  3. Waste Management Inc. WM+4,754 shares · +25%
  4. McDonald's Corp. MCD+3,528 shares · +23%
  5. iShares Edge MSCI Min Vol USA ETF USMV+5,601 shares · +7%
  6. W.W. Grainger, Inc. GWW+206 shares · +13%
  7. RTX Corp. RTX+650 shares · +4%
  8. Vanguard Value ETF VTV+554 shares · +22%

and 43 more in the table below

Trimmed 59

  1. Accenture plc ACN-12,748 shares · -12%
  2. Apple Inc. AAPL-4,443 shares · -2%
  3. Marvell Technology, Inc. MRVL-4,551 shares · -4%
  4. Schwab Strategic Trust SCHO-47,287 shares · -10%
  5. Bio-Techne Corp. TECH-11,070 shares · -29%
  6. Technology Select Sector SPDR ETF XLK-3,931 shares · -7%
  7. iShares Trust IGSB-14,646 shares · -13%
  8. Alphabet Inc. GOOGL-1,614 shares · -2%

and 51 more in the table below

Sold out of 8

  1. ExxonMobil Holdings Corp. XOM$11.5 million last quarter
  2. Sterling Infrastructure, Inc. STRL$365,961 last quarter
  3. SPDR Ser Trust XAR$233,560 last quarter
  4. Autozone Inc. AZO$223,716 last quarter
  5. H.B. Fuller Co. FUL$218,005 last quarter
  6. Kimberly Clark Corp. KMB$207,685 last quarter
  7. Invesco Exch Traded FD Trust II SOXQ$207,385 last quarter
  8. Indivior Pharmaceuticals, Inc. INDV$205,150 last quarter

What it holds

CompanySharesValueOf its bookChange in shares
Apple Inc. AAPL221.6K$73.8 million7.52%-4.4K
Microsoft Corp. MSFT120.3K$61.7 million6.29%-303
Alphabet Inc. GOOG149.7K$51.0 million5.20%-131
BlackRock, Inc. BLK36.6K$38.7 million3.95%+59
Visa Inc. V102.8K$36.9 million3.76%-479
Thermo Fisher Scientific Inc. TMO51.6K$34.8 million3.55%+103
Alphabet Inc. GOOGL92.7K$31.9 million3.25%-1.6K
Johnson & Johnson JNJ117.6K$31.1 million3.17%-1.1K
Expeditors International of Washington Inc. EXPD158.5K$29.3 million2.98%-1.2K
O'Reilly Automotive, Inc. ORLY332.8K$28.4 million2.90%+468
Marvell Technology, Inc. MRVL107.1K$28.3 million2.89%-4.6K
EOG Resources Inc. EOG179.0K$24.7 million2.51%-26
Costco Wholesale Corp. COST23.7K$21.6 million2.20%-102
SPDR Ser Trust XBI133.8K$21.1 million2.15%-359
Stryker Corp. SYK68.3K$18.8 million1.92%-287
Home Depot, Inc. HD62.3K$17.7 million1.81%-81
Accenture plc ACN95.2K$17.5 million1.78%-12.7K
Canadian Natl Ry Co. CNI132.8K$15.8 million1.61%-770
Mettler Toledo International Inc. MTD10.3K$15.6 million1.59%-66
JPMorgan Chase & Co. JPM45.3K$15.0 million1.53%+5.1K
Analog Devices Inc. ADI37.6K$14.9 million1.52%+25
Invesco Exchange Traded FD T RSP71.2K$14.8 million1.51%-1.6K
Mastercard Inc. MA25.3K$14.0 million1.42%no change
ExxonMobil Holdings Corp. XOM84.1K$13.7 million1.40%new
AMETEK Inc. AME47.8K$11.8 million1.21%+419
Technology Select Sector SPDR ETF XLK51.2K$10.0 million1.02%-3.9K
Schwab Strategic Trust SCHO420.1K$10.0 million1.02%-47.3K
Rockwell Automation, Inc. ROK22.9K$10.0 million1.01%-49
Ecolab Inc. ECL36.1K$9.9 million1.01%+130
Procter & Gamble Co. PG67.3K$9.8 million1.00%+214
NVIDIA Corp. NVDA38.5K$8.8 million0.90%-95
Emerson Electric Co. EMR53.5K$8.3 million0.85%-937
iShares Edge MSCI Min Vol USA ETF USMV82.9K$8.1 million0.82%+5.6K
Linde plc LIN15.7K$7.5 million0.76%+2.5K
Chevron Corp. CVX35.9K$7.3 million0.75%-953
Valmont Industries Inc. VMI14.9K$6.9 million0.70%+170
PepsiCo Inc. PEP50.0K$6.3 million0.65%+485
Berkshire Hathaway Inc. Class B BRKB11.4K$5.7 million0.58%+14
Weyerhaeuser Co. WY272.9K$5.2 million0.53%no change
RBC Bearings Inc. RBC10.1K$5.0 million0.51%+104
iShares Trust IGSB97.1K$5.0 million0.51%-14.6K
Waste Management Inc. WM23.7K$4.8 million0.49%+4.8K
NXP Semiconductors N.V. NXPI20.1K$4.8 million0.49%+100
Vanguard World FD VGT35.0K$4.4 million0.45%no change
Trimble Inc. TRMB76.7K$4.4 million0.45%+645
McDonald's Corp. MCD18.6K$4.3 million0.44%+3.5K
Waste Connections Inc. WCN27.2K$4.2 million0.43%no change
Caterpillar Inc. CAT5.0K$4.0 million0.41%-424
Factset Research Systems Inc. FDS14.8K$4.0 million0.41%-97
Schwab Strategic Trust SCHB135.5K$4.0 million0.40%-3.6K
Vanguard Specialized Funds VIG15.2K$3.5 million0.36%-1.1K
Resmed Inc. RMD15.1K$3.3 million0.34%-1.5K
Amazon.com Inc. AMZN12.9K$3.2 million0.33%+54
RTX Corp. RTX16.9K$3.1 million0.32%+650
Vanguard Growth ETF VUG34.3K$3.1 million0.31%-599
VG Totl STK Vprs VTI7.6K$2.8 million0.29%-102
T. Rowe Price Group, Inc. TROW26.6K$2.8 million0.28%-915
Idex Corp. IEX12.1K$2.8 million0.28%no change
Amgen Inc. AMGN6.1K$2.6 million0.26%-345
Automatic Data Processing Inc. ADP9.5K$2.4 million0.25%-130
Coca-Cola Co. KO27.8K$2.4 million0.24%-2.2K
Yeti Holdings, Inc. YETI54.3K$2.2 million0.23%+1.5K
W.W. Grainger, Inc. GWW1.8K$2.2 million0.23%+206
Permian Resources Corp. PR104.4K$2.2 million0.22%+2.5K
Enterprise Products Partners LP EPD61.9K$2.2 million0.22%no change
Eli Lilly & Co. LLY1.9K$2.2 million0.22%+42
Sherwin Williams Co. SHW6.7K$2.2 million0.22%no change
AbbVie Inc. ABBV7.7K$2.0 million0.21%+113
Bio-Techne Corp. TECH27.6K$2.0 million0.20%-11.1K
Microchip Technology Inc. MCHP25.2K$2.0 million0.20%-2.0K
State Street Corp. STT11.0K$1.9 million0.20%no change
Select Sector SPDR Trust XLE31.2K$1.9 million0.20%-152
Sysco Corp. SYY24.0K$1.9 million0.19%+7
Intel Corp. INTC15.5K$1.9 million0.19%+500
Dynatrace, Inc. DT32.0K$1.9 million0.19%no change
Intuit Inc. INTU6.7K$1.8 million0.19%-903
Adobe Inc. ADBE7.7K$1.8 million0.19%no change
Cisco Systems, Inc. CSCO16.4K$1.8 million0.18%-445
Church & Dwight Co. Inc. CHD18.7K$1.8 million0.18%no change
Silicon Laboratories Inc. SLAB7.8K$1.7 million0.18%no change
Vanguard Shrt-Term Infl-Prot Se VTIP34.7K$1.7 million0.17%no change
Walmart Inc. WMT16.4K$1.7 million0.17%-190
SPDR S&P 500 SPY2.1K$1.6 million0.17%+13
McCormick & Co. Inc. MKC33.3K$1.5 million0.16%-348
American Express Co. AXP4.8K$1.5 million0.15%no change
Colgate-Palmolive Co. CL16.5K$1.4 million0.14%-88
Pegasystems Inc. PEGA40.1K$1.3 million0.14%-280
Meta Platforms, Inc. META1.8K$1.3 million0.13%+48
Eastgroup Properties Inc. EGP6.4K$1.3 million0.13%no change
Merck & Co., Inc. MRK8.5K$1.2 million0.13%+34
Kinder Morgan, Inc. KMI39.1K$1.2 million0.12%+350
Synopsys Inc. SNPS2.6K$1.1 million0.11%+8
Ultragenyx Pharmaceutical in RARE70.7K$1.1 million0.11%new
iShares Silver Trust SLV19.0K$1.0 million0.11%no change
International Business Machines Corp. IBM4.5K$994,3040.10%+3
Vanguard Mid Cap Index ETF VO12.4K$971,9730.10%+574
iShares Trust STIP9.4K$937,1800.10%no change
ROSS Stores, Inc. ROST4.0K$933,6000.10%no change
Schwab US Large Cap SCHX28.4K$852,4800.09%+2.7K
Vanguard Short-Term Corp. BD Idx VCSH11.0K$846,6600.09%-15
Tesla, Inc. TSLA2.3K$822,8050.08%-100
iShares Core S&P 500 ETF IVV1.1K$814,8650.08%+15
Westinghouse Air Brake Technologies Corp. WAB2.8K$811,1290.08%-435
Costar Group, Inc. CSGP29.6K$810,9860.08%-392
Nike, Inc. NKE22.8K$808,3310.08%-240
SPDR S&P Emerging Asia Pacific ETF GMF5.2K$804,2260.08%no change
Valvoline Inc. VVV26.2K$788,2820.08%no change
SPDR Gold Trust GLD2.1K$782,6270.08%no change
iShares Trust SUB7.3K$768,3690.08%no change
Oracle Corp. ORCL5.5K$749,6580.08%no change
Norfolk Southern Corp. NSC2.4K$734,8020.07%no change
Abbott Laboratories ABT7.2K$716,2220.07%+8
iShares Russell Mid-Cap Growth ETF IWP5.1K$701,6140.07%+1
Schwab Strategic Trust SCHG19.4K$695,6770.07%-650
Clorox Co. CLX8.4K$681,7940.07%-300
Invesco QQQ Trust QQQ918$679,1090.07%no change
Vanguard Value ETF VTV3.1K$671,1440.07%+554
IQVIA Holdings Inc. IQV2.4K$651,4240.07%-115
General Electric Co. GE2.0K$616,1490.06%+134
Arista Networks, Inc. ANET3.0K$612,8060.06%no change
Applied Materials Inc. AMAT1.2K$600,8720.06%-80
First Solar, Inc. FSLR3.4K$596,4200.06%+223
Vanguard Intl Equity Index F VT3.8K$594,8290.06%no change
iShares Trust MTUM1.8K$585,4930.06%no change
Wells Fargo & Company WFC7.3K$585,1660.06%no change
Diamondback Energy, Inc. FANG3.2K$583,4130.06%no change
Kroger Co. KR9.8K$575,3560.06%no change
Medtronic plc MDT6.5K$559,6770.06%no change
Vanguard Index FDS VXF2.4K$552,7050.06%-125
iShares Edge MSCI USA Quality F QUAL2.5K$546,9330.06%no change
GE Vernova Inc. GEV571$542,7300.06%+19
CSX Corp. CSX11.4K$530,2140.05%no change
Agilysys Inc. AGYS5.4K$528,6010.05%no change
Bristol-Myers Squibb Co. BMY8.4K$522,0410.05%+114
UMB Financial Corp. UMBF3.9K$507,0390.05%no change
Vanguard Mun BD FDS VSDM6.5K$484,9580.05%no change
First Trust Multi Cap Growth Al FAD2.6K$470,6030.05%no change
JPMorgan Flexible Debt ETF JFLX9.3K$452,3030.05%no change
Vanguard Whitehall FDS VYM2.9K$451,3970.05%no change
WD-40 Co. WDFC2.2K$450,3940.05%no change
Pfizer Inc. PFE15.1K$431,4230.04%+2.0K
NextEra Energy Inc. NEE5.7K$428,6890.04%+203
Walt Disney Co. DIS4.0K$418,4950.04%-165
iShares Russell 2000 ETF IWM1.5K$411,2780.04%no change
Northrop Grumman Corp. NOC846$408,8270.04%no change
First Trust ETFs FXL1.8K$407,3030.04%no change
Devon Energy Corp. DVN8.7K$399,5620.04%+6
Advanced Micro Devices Inc. AMD639$390,9150.04%+30
Vanguard Mun BD FDS VTEB8.2K$388,3520.04%-468
Vanguard S&P 500 VOO544$381,5640.04%-1
Phillips 66 PSX1.4K$358,7110.04%+26
Vanguard Small Cap ETF VB1.3K$357,8000.04%+1
Vaneck ETF Trust SMH581$353,8290.04%-19
Honeywell International Inc. HON1.6K$347,8410.04%-3
iShares Inc. EWJ3.6K$346,4710.04%no change
Union Pacific Corp. UNP1.3K$343,4290.04%no change
SPDR Ser Trust SHM7.1K$330,2820.03%no change
Vanguard Star FDS VXUS3.9K$329,8330.03%+7
First Trust Exchange Traded FD SKYY2.0K$328,6360.03%no change
iShares Trust IEV4.5K$320,0850.03%no change
Vanguard Index FDS VOT1.1K$314,5790.03%no change
Duke Energy Corp. DUK2.7K$312,3880.03%no change
CRH Public Ltd. Co. CRH3.7K$306,3600.03%+1.4K
First Trust Exchange-Traded FD FTCS3.3K$305,9510.03%no change
Global X FDS QYLD16.3K$301,9020.03%+1
IDEXX Laboratories Inc. IDXX570$297,6490.03%no change
TJX Companies Inc. TJX2.2K$287,7750.03%+70
Vanguard Small Cap Value ETF VBR1.2K$287,2770.03%+5
Zebra Technologies Corp. ZBRA752$280,7300.03%new
Air Products & Chemicals, Inc. APD1.0K$279,9000.03%no change
Schwab Strategic Trust SCHD8.6K$279,5960.03%no change
Northern Trust Corp. NTRS1.6K$275,0410.03%-100
Cincinnati Financial Corp. CINF1.7K$269,0170.03%no change
Macom Technology Solutions Holdings, Inc. MTSI915$260,6110.03%new
Lattice Semiconductor Corp. LSCC2.1K$260,2850.03%new
Starbucks Corp. SBUX2.8K$259,8940.03%+82
Honeywell Aerospace Inc. Com HONA1.6K$255,3910.03%no change
Charles Schwab Corp. SCHW2.5K$247,2670.03%+2
SPDR Ser Trust XNTK637$243,6380.02%no change
Palo Alto Networks Inc. PANW611$242,7570.02%no change
Broadcom Inc. AVGO680$238,8100.02%+73
Taiwan Semiconductor Manufacturing Company Limited TSM515$234,9380.02%no change
Lowe's Companies Inc. LOW1.3K$233,8650.02%no change
Fabrinet FN551$233,7730.02%new
Target Corp. TGT1.4K$227,2010.02%new
Western Midstream Partners L WES5.1K$224,4680.02%new
Rio Tinto plc RIO2.4K$221,7710.02%no change
Eaton Corp. plc ETN506$217,4340.02%+20
Trane Technologies plc TT480$216,9510.02%+70
Bank of New York Mellon Corp. BNY1.5K$216,9450.02%no change
MercadoLibre, Inc. MELI120$207,4240.02%-25
HCI Group, Inc. HCI1.2K$205,1080.02%no change
Odyssey Marine Expl Inc. OMEX152.5K$102,9730.01%no change
Every US-listed position in the fund's 13F for the quarter ended 30 September 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before; the 8 it sold out of are in the box above.