L. Roy Papp & Associates, LLP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2024), L. Roy Papp & Associates, LLP reported 176 stock positions worth $840.1 million. Its top holding was Microsoft (MSFT) at 6.5% of the portfolio, followed by Apple (AAPL, 5.7%) and Accenture Class A (ACN, 4.6%). Compared with Q4 2023, it opened 10 new positions, sold out of 8, added to 45 and reduced 81. The biggest buy was Stryker (SYK, shares +0%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Phoenix, AZ
- CIK
- 0000809339
- Portfolio Value
- $840.1M (Q1 2024)
- SEC Filing
- 0000809339-24-000004 ↗ filed Apr 15, 2024
Holdings Value
Holdings 176 stocks · $840.1M
| MSFT Microsoft Corp. | 6.50% | 129,866 | $54.6M | Reduce -4.4% |
| AAPL Apple Inc. | 5.69% | 278,546 | $47.8M | Reduce -2.2% |
| ACN Accenture PLC Class A | 4.61% | 111,697 | $38.7M | Reduce -3.1% |
| BLK BlackRock Finance Inc. | 3.94% | 39,688 | $33.1M | Reduce -1.5% |
| ORLY O'reilly Automotive Inc. | 3.72% | 27,680 | $31.2M | Reduce -5.5% |
| V Visa Inc. Class A | 3.53% | 106,405 | $29.7M | Reduce -2.4% |
| TMO Thermo Fisher Scientific Inc. | 3.43% | 49,646 | $28.9M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 3.41% | 188,182 | $28.7M | Reduce -3.6% |
| COST Costco Wholesale Corp. | 2.84% | 32,532 | $23.8M | Reduce -5.3% |
| EOG EOG Resources Inc. | 2.80% | 184,148 | $23.5M | Add +9.4% |
| SYK Stryker Corp. | 2.70% | 63,380 | $22.7M | Add +0.2% |
| HD Home Depot Inc. | 2.69% | 58,918 | $22.6M | Reduce -0.1% |
| EXPD Expeditors Intl Wash Inc. | 2.37% | 163,938 | $19.9M | Add +0.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.37% | 163,466 | $19.9M | Add +2.9% |
| JNJ Johnson & Johnson | 2.23% | 118,636 | $18.8M | Add +2.6% |
| CNI Canadian Natl Railway Co. | 2.23% | 142,310 | $18.7M | Reduce -5.3% |
| GOOGL Alphabet Inc. Class A | 2.09% | 116,297 | $17.6M | Reduce -1.7% |
| XBI SS SPDR S&P Biotech ETF | 1.79% | 158,709 | $15.1M | Reduce -5.9% |
| MTD Mettler-Toledo International | 1.66% | 10,501 | $14.0M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 1.48% | 25,874 | $12.5M | Reduce -0.6% |
| PXD Pioneer Natural Resources Co. | 1.35% | 43,288 | $11.4M | Reduce -18.5% |
| PG The Procter & Gamble Co. | 1.26% | 65,241 | $10.6M | Reduce -1.7% |
| FISV Fiserv Inc. | 1.18% | 61,827 | $9.9M | Reduce -3.2% |
| WY Weyerhaeuser Co. | 1.17% | 272,920 | $9.8M | Reduce -0.0% |
| RSP Invesco S&P 500 Equal Weight | 1.13% | 56,241 | $9.5M | Add +9.7% |
| FDS Factset Research Systems Inc. | 1.06% | 19,585 | $8.9M | Reduce -1.9% |
| BDX Becton Dickinson and Co. | 1.01% | 34,382 | $8.5M | Reduce -7.2% |
| ECL Ecolab Inc. | 0.99% | 36,034 | $8.3M | Reduce -0.8% |
| PEP Pepsico Inc. | 0.94% | 45,069 | $7.9M | Add +0.2% |
| MRVL Marvell Technology Inc. | 0.90% | 107,040 | $7.6M | Reduce -0.2% |
| ADI Analog Devices Inc. | 0.87% | 36,971 | $7.3M | Reduce -1.0% |
| AME Ametek Inc. | 0.80% | 36,547 | $6.7M | Reduce -1.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.78% | 78,545 | $6.6M | Add +12.8% |
| XLK SS Technology Select Sector | 0.74% | 29,734 | $6.2M | Add +1.2% |
| EMR Emerson Electric Co. | 0.73% | 53,787 | $6.1M | Reduce -9.9% |
| NKE Nike Inc. Class B | 0.69% | 61,968 | $5.8M | Reduce -5.0% |
| CVX Chevron Corp. | 0.68% | 35,975 | $5.7M | Reduce -1.6% |
| NXPI NXP Semiconductors NV | 0.65% | 21,958 | $5.4M | Reduce -0.5% |
| TRMB Trimble Inc. | 0.64% | 83,137 | $5.4M | Reduce -1.6% |
| INTU Intuit Inc. | 0.62% | 8,055 | $5.2M | Reduce -0.5% |
| WCN Waste Connections Inc. | 0.62% | 30,118 | $5.2M | No change |
| JPM JPMorgan Chase & Co. | 0.62% | 25,825 | $5.2M | Add +0.4% |
| ICLR Icon PLC | 0.59% | 14,780 | $5.0M | Reduce -1.5% |
| ROK Rockwell Automation Inc. | 0.57% | 16,327 | $4.8M | Add +3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.50% | 9,940 | $4.2M | Add +1.8% |
| ADBE Adobe Inc. | 0.48% | 8,033 | $4.1M | Reduce -1.9% |
| IEX Idex Corp. | 0.45% | 15,380 | $3.8M | Reduce -2.8% |
| VMI Valmont Industries | 0.43% | 15,747 | $3.6M | Reduce -21.6% |
| CSGP Costar Group Inc. | 0.42% | 36,510 | $3.5M | Reduce -2.7% |
| RBC RBC Bearings Inc. | 0.42% | 12,968 | $3.5M | Reduce -2.6% |
| ANSS Ansys Inc. | 0.42% | 10,046 | $3.5M | Reduce -2.7% |
| SHW The Sherwin-Williams Co. | 0.38% | 9,150 | $3.2M | No change |
| MKC McCormick & Co.-Non VTG SHRS | 0.36% | 39,896 | $3.1M | Reduce -1.7% |
| VIG Vanguard Dividend Apprec ETF | 0.35% | 15,931 | $2.9M | Add +6.7% |
| UPS United Parcel Service Class B | 0.35% | 19,528 | $2.9M | Reduce -7.3% |
| SCHB Schwab US Broad Market ETF | 0.34% | 47,411 | $2.9M | Add +10.5% |
| MCHP Microchip Technology Inc. | 0.32% | 30,127 | $2.7M | Add +0.1% |
| CLX Clorox Company | 0.31% | 16,881 | $2.6M | Reduce -1.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.30% | 7,431 | $2.6M | Reduce -1.8% |
| WM Waste Management Inc. | 0.30% | 11,847 | $2.5M | Add +2.8% |
| CHD Church & Dwight Co. Inc. | 0.29% | 23,415 | $2.4M | Reduce -2.8% |
| ADP Automatic Data Processing | 0.28% | 9,557 | $2.4M | Add +0.5% |
| AMZN Amazon.com Inc. | 0.27% | 12,471 | $2.2M | Reduce -0.2% |
| MCD McDonald's Corp. | 0.27% | 7,955 | $2.2M | Add +0.8% |
| VTIP Vanguard Short-Term Tips | 0.26% | 44,911 | $2.2M | Reduce -9.8% |
| INFA Informatica Inc. Class A | 0.24% | 57,700 | $2.0M | Reduce -4.0% |
| VGT Vanguard Info Tech ETF | 0.24% | 3,835 | $2.0M | No change |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.24% | 51,990 | $2.0M | Add +21.4% |
| CAT Caterpillar Inc. | 0.24% | 5,432 | $2.0M | Reduce -26.9% |
| CL Colgate-Palmolive Co. | 0.23% | 21,398 | $1.9M | Reduce -5.5% |
| SBUX Starbucks Corp. | 0.23% | 21,076 | $1.9M | Reduce -18.7% |
| LLY Eli Lilly & Co. | 0.22% | 2,428 | $1.9M | Reduce -2.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 7,166 | $1.9M | Add +0.2% |
| TECH Bio-Techne Corp. | 0.22% | 26,187 | $1.8M | Reduce -1.0% |
| AMGN Amgen Inc. | 0.22% | 6,457 | $1.8M | Add +3.9% |
| KO The Coca-Cola Co. | 0.22% | 30,007 | $1.8M | Add +0.6% |
| SYY Sysco Corp. | 0.21% | 22,011 | $1.8M | Reduce -6.5% |
| RMD Resmed Inc. | 0.20% | 8,470 | $1.7M | Reduce -4.6% |
| CSCO Cisco Systems Inc. | 0.20% | 33,518 | $1.7M | Add +2.0% |
| PEGA Pegasystems Inc. | 0.19% | 25,155 | $1.6M | Reduce -2.7% |
| ABBV Abbvie Inc. | 0.17% | 7,832 | $1.4M | Add +0.1% |
| RTX RTX Corp. | 0.17% | 14,476 | $1.4M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 0.17% | 12,067 | $1.4M | Add +1.1% |
| SLAB Silicon Laboratories Inc. | 0.16% | 9,640 | $1.4M | Reduce -2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 2,635 | $1.4M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 6,570 | $1.3M | Reduce -7.8% |
| ORCL Oracle Corp. | 0.15% | 9,927 | $1.2M | Reduce -11.6% |
| IQV Iqvia Holdings Inc. | 0.15% | 4,919 | $1.2M | No change |
| WFC Wells Fargo & Co. | 0.14% | 20,633 | $1.2M | Add +270.6% |
| MRK Merck & Co. Inc. | 0.14% | 9,015 | $1.2M | Reduce -3.6% |
| XLE SS Energy Select Sector | 0.14% | 12,537 | $1.2M | Add +4.4% |
| EGP Eastgroup Properties Inc. | 0.14% | 6,358 | $1.1M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.13% | 14,355 | $1.1M | No change |
| AXP American Express Co. | 0.13% | 4,721 | $1.1M | No change |
| STT State Street Corp. | 0.13% | 13,867 | $1.1M | Reduce -4.8% |
| LIN Linde PLC | 0.13% | 2,289 | $1.1M | Add +0.8% |
| ABT Abbott Laboratories | 0.12% | 8,928 | $1.0M | Reduce -3.4% |
| WMT Walmart Inc. | 0.12% | 16,689 | $1.0M | Add +0.5% |
| INTC Intel Corp. | 0.12% | 22,260 | $983K | Reduce -0.0% |
| POOL Pool Corp. | 0.11% | 2,335 | $942K | Reduce -2.9% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -2.2% | 5.69% | −1.12 |
| ACN Accenture PLC Class A | Reduce -3.1% | 4.61% | −0.41 |
| NKE Nike Inc. Class B | Reduce -5.0% | 0.69% | −0.19 |
| VMI Valmont Industries | Reduce -21.6% | 0.43% | −0.15 |
| PXD Pioneer Natural Resources Co. | Reduce -18.5% | 1.35% | −0.13 |
| ADBE Adobe Inc. | Reduce -1.9% | 0.48% | −0.12 |
| FDS Factset Research Systems Inc. | Reduce -1.9% | 1.06% | −0.12 |
| BLK BlackRock Finance Inc. | Reduce -1.5% | 3.94% | −0.12 |
| CNI Canadian Natl Railway Co. | Reduce -5.3% | 2.23% | −0.11 |
| BDX Becton Dickinson and Co. | Reduce -7.2% | 1.01% | −0.11 |
| AAXJ iShares MSCI All Country Asi | Sold out | 0.00% | −0.08 |
| SBUX Starbucks Corp. | Reduce -18.7% | 0.23% | −0.08 |
| XBI SS SPDR S&P Biotech ETF | Reduce -5.9% | 1.79% | −0.08 |
| UPS United Parcel Service Class B | Reduce -7.3% | 0.35% | −0.07 |
| RBC RBC Bearings Inc. | Reduce -2.6% | 0.42% | −0.05 |
| ANSS Ansys Inc. | Reduce -2.7% | 0.42% | −0.05 |
| ADI Analog Devices Inc. | Reduce -1.0% | 0.87% | −0.05 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.05 |
| BKF iShares MSCI Bic ETF | Sold out | 0.00% | −0.04 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.04 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.04 |
| VTIP Vanguard Short-Term Tips | Reduce -9.8% | 0.26% | −0.04 |
| CAT Caterpillar Inc. | Reduce -26.9% | 0.24% | −0.04 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.03 |
| TECH Bio-Techne Corp. | Reduce -1.0% | 0.22% | −0.03 |
| ZM Zoom Communications Inc. | Reduce -13.9% | 0.10% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -46.3% | 0.03% | −0.03 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.03 |
| MMM 3M Co. | Reduce -16.4% | 0.09% | −0.03 |
| INTC Intel Corp. | Reduce -0.0% | 0.12% | −0.02 |
| WBA Walgreens Boots Alliance Inc. | Reduce -12.8% | 0.03% | −0.01 |
| STT State Street Corp. | Reduce -4.8% | 0.13% | −0.01 |
| WY Weyerhaeuser Co. | Reduce -0.0% | 1.17% | −0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -18.6% | 0.03% | −0.01 |
| POOL Pool Corp. | Reduce -2.9% | 0.11% | −0.01 |
| ABT Abbott Laboratories | Reduce -3.4% | 0.12% | −0.01 |
| INTU Intuit Inc. | Reduce -0.5% | 0.62% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -11.9% | 0.06% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -3.6% | 3.41% | −0.00 |
| VXF Vanguard Extended Market ETF | Reduce -5.0% | 0.08% | −0.00 |
| EDGIO INC | Sold out | 0.00% | −0.00 |
| OMC Omnicom Group | Reduce -11.1% | 0.03% | −0.00 |
| SYY Sysco Corp. | Reduce -6.5% | 0.21% | −0.00 |
| CVX Chevron Corp. | Reduce -1.6% | 0.68% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.1% | 0.06% | −0.00 |
| SCHG Schwab US Large-Cap Growth | Reduce -6.9% | 0.07% | −0.00 |
| ORCL Oracle Corp. | Reduce -11.6% | 0.15% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.0% | 0.05% | +0.00 |
| SLAB Silicon Laboratories Inc. | Reduce -2.8% | 0.16% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.1% | 0.06% | +0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| SYK Stryker Corp. | Add +0.2% | 2.70% | +0.35 |
| EOG EOG Resources Inc. | Add +9.4% | 2.80% | +0.27 |
| TROW T Rowe Price Group Inc. | Add +2.9% | 2.37% | +0.25 |
| RSP Invesco S&P 500 Equal Weight | Add +9.7% | 1.13% | +0.13 |
| WFC Wells Fargo & Co. | Add +270.6% | 0.14% | +0.11 |
| USMV iShares MSCI USA Min Vol Fac | Add +12.8% | 0.78% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 0.62% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.8% | 0.50% | +0.07 |
| SCHB Schwab US Broad Market ETF | Add +10.5% | 0.34% | +0.05 |
| WM Waste Management Inc. | Add +2.8% | 0.30% | +0.04 |
| NVDA Nvidia Corp. | New | 0.04% | +0.04 |
| XLK SS Technology Select Sector | Add +1.2% | 0.74% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +6.7% | 0.35% | +0.03 |
| CRH CRH PLC | New | 0.03% | +0.03 |
| PSX Phillips 66 | New | 0.03% | +0.03 |
| FANG Diamondback Energy Inc. | Add +42.5% | 0.06% | +0.03 |
| ANET Arista Networks Inc. | New | 0.03% | +0.03 |
| KMB Kimberly-Clark Corp. | New | 0.03% | +0.03 |
| IWM iShares Russell 2000 ETF | New | 0.03% | +0.03 |
| DVN Devon Energy Corp. | Add +64.3% | 0.06% | +0.03 |
| AZO AutoZone Inc. | New | 0.03% | +0.03 |
| TJX TJX Companies Inc. | New | 0.03% | +0.03 |
| CINF Cincinnati Financial Corp. | New | 0.03% | +0.03 |
| BAC Bank of America Corp. | New | 0.02% | +0.02 |
| ABBV Abbvie Inc. | Add +0.1% | 0.17% | +0.02 |
| XOM Exxon Mobil Corp. | Add +1.1% | 0.17% | +0.02 |
| GWW WW Grainger Inc. | Add +12.2% | 0.08% | +0.02 |
| XLE SS Energy Select Sector | Add +4.4% | 0.14% | +0.02 |
| WMT Walmart Inc. | Add +0.5% | 0.12% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 0.22% | +0.01 |
| LIN Linde PLC | Add +0.8% | 0.13% | +0.01 |
| ADP Automatic Data Processing | Add +0.5% | 0.28% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.16% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +16.0% | 0.04% | +0.01 |
| LOW Lowe's Cos Inc. | Add +8.0% | 0.04% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +6.7% | 0.05% | +0.01 |
| NSC Norfolk Southern Corp. | Add +1.5% | 0.08% | +0.00 |
| MDT Medtronic PLC | Add +3.7% | 0.06% | +0.00 |
| UNP Union Pacific Corp. | Add +12.5% | 0.04% | +0.00 |
| CNC Centene Corp. | Add +9.2% | 0.03% | +0.00 |
| FTCS First Trust Capital Strength | Add +3.2% | 0.03% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +0.0% | 0.05% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +0.5% | 0.03% | +0.00 |
| KO The Coca-Cola Co. | Add +0.6% | 0.22% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +1.4% | 0.03% | +0.00 |
| SCHO Schwab Short-Term US Treas | Add +0.9% | 0.04% | −0.00 |
| AMGN Amgen Inc. | Add +3.9% | 0.22% | −0.00 |
| CSCO Cisco Systems Inc. | Add +2.0% | 0.20% | −0.01 |
| PEP Pepsico Inc. | Add +0.2% | 0.94% | −0.01 |
| MCHP Microchip Technology Inc. | Add +0.1% | 0.32% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 193 | $951.4M | AAPL, GOOG, MSFT, V, BLK |
| Q1 2026 | 184 | $867.4M | AAPL, GOOG, MSFT, BLK, ORLY |
| Q4 2025 | 185 | $904.5M | AAPL, MSFT, GOOG, BLK, V |
| Q3 2025 | 182 | $889.6M | MSFT, AAPL, BLK, GOOG, ORLY |
| Q2 2025 | 180 | $841.8M | MSFT, AAPL, BLK, V, ACN |
| Q1 2025 | 174 | $815.2M | AAPL, MSFT, V, BLK, ORLY |
| Q4 2024 | 178 | $856.6M | AAPL, MSFT, BLK, ACN, V |
| Q3 2024 | 177 | $826.2M | AAPL, MSFT, ACN, TMO, ORLY |
| Q2 2024 | 172 | $825.2M | AAPL, MSFT, ACN, GOOG, BLK |
| Q1 2024 | 176 | $840.1M | MSFT, AAPL, ACN, BLK, ORLY |