L. Roy Papp & Associates, LLP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 24, 2024), L. Roy Papp & Associates, LLP reported 172 stock positions worth $825.2 million. Its top holding was Apple (AAPL) at 6.8% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Accenture Class A (ACN, 4.1%). Compared with Q1 2024, it opened 4 new positions, sold out of 8, added to 42 and reduced 77. The biggest buy was Exxon Mobil (XOM, shares +726%) and the biggest sale an exit from Pioneer Natural Resources (PXD).
- Most Recent 13F
- Q2 2026
- Location
- Phoenix, AZ
- CIK
- 0000809339
- Portfolio Value
- $825.2M (Q2 2024)
- SEC Filing
- 0000809339-24-000005 ↗ filed Jul 24, 2024
Holdings Value
Holdings 172 stocks · $825.2M
| AAPL Apple Inc. | 6.81% | 266,882 | $56.2M | Reduce -4.2% |
| MSFT Microsoft Corp. | 6.72% | 124,113 | $55.5M | Reduce -4.4% |
| ACN Accenture PLC Class A | 4.09% | 111,263 | $33.8M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 4.01% | 180,476 | $33.1M | Reduce -4.1% |
| BLK BlackRock Finance Inc. | 3.79% | 39,703 | $31.3M | Add +0.0% |
| ORLY O'reilly Automotive Inc. | 3.45% | 26,966 | $28.5M | Reduce -2.6% |
| V Visa Inc. Class A | 3.39% | 106,473 | $27.9M | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 3.30% | 49,315 | $27.3M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 3.12% | 30,243 | $25.7M | Reduce -7.0% |
| EOG EOG Resources Inc. | 2.94% | 193,046 | $24.3M | Add +4.8% |
| SYK Stryker Corp. | 2.60% | 63,032 | $21.4M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 2.51% | 113,783 | $20.7M | Reduce -2.2% |
| EXPD Expeditors Intl Wash Inc. | 2.49% | 164,525 | $20.5M | Add +0.4% |
| HD Home Depot Inc. | 2.44% | 58,419 | $20.1M | Reduce -0.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.40% | 171,469 | $19.8M | Add +4.9% |
| JNJ Johnson & Johnson | 2.10% | 118,817 | $17.4M | Add +0.1% |
| CNI Canadian Natl Railway Co. | 2.02% | 141,160 | $16.7M | Reduce -0.8% |
| MTD Mettler-Toledo International | 1.76% | 10,387 | $14.5M | Reduce -1.1% |
| XBI SS SPDR S&P Biotech ETF | 1.75% | 155,772 | $14.4M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 1.39% | 99,690 | $11.5M | Add +726.1% |
| MA Mastercard Inc. Class A | 1.38% | 25,804 | $11.4M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 1.30% | 65,149 | $10.7M | Reduce -0.1% |
| RSP Invesco S&P 500 Equal Weight | 1.25% | 62,924 | $10.3M | Add +11.9% |
| FISV Fiserv Inc. | 1.09% | 60,158 | $9.0M | Reduce -2.7% |
| ECL Ecolab Inc. | 1.02% | 35,446 | $8.4M | Reduce -1.6% |
| ADI Analog Devices Inc. | 1.01% | 36,381 | $8.3M | Reduce -1.6% |
| BDX Becton Dickinson and Co. | 0.96% | 33,982 | $7.9M | Reduce -1.2% |
| FDS Factset Research Systems Inc. | 0.95% | 19,275 | $7.9M | Reduce -1.6% |
| WY Weyerhaeuser Co. | 0.94% | 272,920 | $7.7M | No change |
| PEP Pepsico Inc. | 0.91% | 45,772 | $7.5M | Add +1.6% |
| MRVL Marvell Technology Inc. | 0.91% | 107,109 | $7.5M | Add +0.1% |
| XLK SS Technology Select Sector | 0.83% | 30,287 | $6.9M | Add +1.9% |
| EMR Emerson Electric Co. | 0.80% | 60,238 | $6.6M | Add +12.0% |
| USMV iShares MSCI USA Min Vol Fac | 0.78% | 76,477 | $6.4M | Reduce -2.6% |
| AME Ametek Inc. | 0.73% | 36,182 | $6.0M | Reduce -1.0% |
| NXPI NXP Semiconductors NV | 0.71% | 21,788 | $5.9M | Reduce -0.8% |
| CVX Chevron Corp. | 0.69% | 36,269 | $5.7M | Add +0.8% |
| WCN Waste Connections Inc. | 0.64% | 30,178 | $5.3M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 0.63% | 25,750 | $5.2M | Reduce -0.3% |
| INTU Intuit Inc. | 0.62% | 7,740 | $5.1M | Reduce -3.9% |
| ICLR Icon PLC | 0.56% | 14,796 | $4.6M | Add +0.1% |
| ROK Rockwell Automation Inc. | 0.56% | 16,753 | $4.6M | Add +2.6% |
| NKE Nike Inc. Class B | 0.56% | 61,123 | $4.6M | Reduce -1.4% |
| TRMB Trimble Inc. | 0.55% | 81,327 | $4.5M | Reduce -2.2% |
| ADBE Adobe Inc. | 0.53% | 7,873 | $4.4M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.49% | 9,940 | $4.0M | No change |
| VMI Valmont Industries | 0.46% | 13,825 | $3.8M | Reduce -12.2% |
| RBC RBC Bearings Inc. | 0.42% | 12,788 | $3.4M | Reduce -1.4% |
| ANSS Ansys Inc. | 0.39% | 9,901 | $3.2M | Reduce -1.4% |
| IEX Idex Corp. | 0.37% | 15,150 | $3.0M | Reduce -1.5% |
| VIG Vanguard Dividend Apprec ETF | 0.35% | 15,781 | $2.9M | Reduce -0.9% |
| SCHB Schwab US Broad Market ETF | 0.34% | 45,269 | $2.8M | Reduce -4.5% |
| MCHP Microchip Technology Inc. | 0.34% | 31,017 | $2.8M | Add +3.0% |
| MKC McCormick & Co.-Non VTG SHRS | 0.34% | 39,536 | $2.8M | Reduce -0.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.32% | 7,168 | $2.7M | Reduce -3.5% |
| SHW The Sherwin-Williams Co. | 0.32% | 8,950 | $2.7M | Reduce -2.2% |
| CSGP Costar Group Inc. | 0.32% | 35,940 | $2.7M | Reduce -1.6% |
| UPS United Parcel Service Class B | 0.31% | 18,778 | $2.6M | Reduce -3.8% |
| WM Waste Management Inc. | 0.31% | 11,847 | $2.5M | No change |
| AMZN Amazon.com Inc. | 0.31% | 13,067 | $2.5M | Add +4.8% |
| CHD Church & Dwight Co. Inc. | 0.29% | 23,050 | $2.4M | Reduce -1.6% |
| ADP Automatic Data Processing | 0.28% | 9,557 | $2.3M | No change |
| CLX Clorox Company | 0.27% | 16,586 | $2.3M | Reduce -1.8% |
| VGT Vanguard Info Tech ETF | 0.27% | 3,835 | $2.2M | No change |
| LLY Eli Lilly & Co. | 0.26% | 2,380 | $2.2M | Reduce -2.0% |
| MCD McDonald's Corp. | 0.26% | 8,269 | $2.1M | Add +4.0% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.25% | 55,125 | $2.1M | Add +6.0% |
| CL Colgate-Palmolive Co. | 0.25% | 20,998 | $2.0M | Reduce -1.9% |
| AMGN Amgen Inc. | 0.24% | 6,458 | $2.0M | Add +0.0% |
| KO The Coca-Cola Co. | 0.23% | 30,023 | $1.9M | Add +0.1% |
| TECH Bio-Techne Corp. | 0.22% | 25,492 | $1.8M | Reduce -2.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.21% | 6,628 | $1.8M | Reduce -7.5% |
| VTIP Vanguard Short-Term Tips | 0.21% | 36,457 | $1.8M | Reduce -18.8% |
| INFA Informatica Inc. Class A | 0.21% | 56,900 | $1.8M | Reduce -1.4% |
| CAT Caterpillar Inc. | 0.21% | 5,232 | $1.7M | Reduce -3.7% |
| SYY Sysco Corp. | 0.21% | 23,995 | $1.7M | Add +9.0% |
| RMD Resmed Inc. | 0.19% | 8,360 | $1.6M | Reduce -1.3% |
| CSCO Cisco Systems Inc. | 0.19% | 33,118 | $1.6M | Reduce -1.2% |
| PEGA Pegasystems Inc. | 0.18% | 24,810 | $1.5M | Reduce -1.4% |
| RTX RTX Corp. | 0.17% | 14,176 | $1.4M | Reduce -2.1% |
| ABBV Abbvie Inc. | 0.16% | 7,892 | $1.4M | Add +0.8% |
| ORCL Oracle Corp. | 0.16% | 9,428 | $1.3M | Reduce -5.0% |
| WMT Walmart Inc. | 0.15% | 17,805 | $1.2M | Add +6.7% |
| XLE SS Energy Select Sector | 0.14% | 13,007 | $1.2M | Add +3.8% |
| WFC Wells Fargo & Co. | 0.14% | 19,839 | $1.2M | Reduce -3.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 6,630 | $1.1M | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 2,093 | $1.1M | Reduce -20.6% |
| MRK Merck & Co. Inc. | 0.14% | 9,016 | $1.1M | Add +0.0% |
| AXP American Express Co. | 0.13% | 4,700 | $1.1M | Reduce -0.4% |
| EGP Eastgroup Properties Inc. | 0.13% | 6,358 | $1.1M | No change |
| SLAB Silicon Laboratories Inc. | 0.13% | 9,485 | $1.0M | Reduce -1.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.13% | 13,345 | $1.0M | Reduce -7.0% |
| IQV Iqvia Holdings Inc. | 0.12% | 4,804 | $1.0M | Reduce -2.3% |
| LIN Linde PLC | 0.12% | 2,289 | $1.0M | No change |
| STT State Street Corp. | 0.12% | 13,151 | $973K | Reduce -5.2% |
| STIP iShares 0-5 Year Tips Bond E | 0.11% | 9,400 | $935K | No change |
| ABT Abbott Laboratories | 0.11% | 8,928 | $928K | No change |
| META Meta Platforms Inc. Class A | 0.11% | 1,787 | $901K | No change |
| VVV Valvoline Inc. | 0.10% | 19,970 | $863K | Reduce -1.5% |
| SBUX Starbucks Corp. | 0.10% | 10,292 | $801K | Reduce -51.2% |
Portfolio Sells Q1 2024 → Q2 2024
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −1.35 |
| ACN Accenture PLC Class A | Reduce -0.4% | 4.09% | −0.52 |
| ORLY O'reilly Automotive Inc. | Reduce -2.6% | 3.45% | −0.27 |
| HD Home Depot Inc. | Reduce -0.8% | 2.44% | −0.25 |
| CNI Canadian Natl Railway Co. | Reduce -0.8% | 2.02% | −0.21 |
| NKE Nike Inc. Class B | Reduce -1.4% | 0.56% | −0.14 |
| SBUX Starbucks Corp. | Reduce -51.2% | 0.10% | −0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.7% | 3.30% | −0.13 |
| FDS Factset Research Systems Inc. | Reduce -1.6% | 0.95% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -0.3% | 1.38% | −0.10 |
| SYK Stryker Corp. | Reduce -0.6% | 2.60% | −0.10 |
| CSGP Costar Group Inc. | Reduce -1.6% | 0.32% | −0.10 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.10 |
| FISV Fiserv Inc. | Reduce -2.7% | 1.09% | −0.09 |
| MMM 3M Co. | Sold out | 0.00% | −0.09 |
| TRMB Trimble Inc. | Reduce -2.2% | 0.55% | −0.09 |
| IEX Idex Corp. | Reduce -1.5% | 0.37% | −0.08 |
| AME Ametek Inc. | Reduce -1.0% | 0.73% | −0.06 |
| SHW The Sherwin-Williams Co. | Reduce -2.2% | 0.32% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -1.2% | 0.96% | −0.05 |
| XBI SS SPDR S&P Biotech ETF | Reduce -1.9% | 1.75% | −0.04 |
| VTIP Vanguard Short-Term Tips | Reduce -18.8% | 0.21% | −0.04 |
| SLAB Silicon Laboratories Inc. | Reduce -1.6% | 0.13% | −0.04 |
| UPS United Parcel Service Class B | Reduce -3.8% | 0.31% | −0.03 |
| INTC Intel Corp. | Reduce -0.2% | 0.08% | −0.03 |
| CLX Clorox Company | Reduce -1.8% | 0.27% | −0.03 |
| DIS The Walt Disney Co. | Reduce -23.4% | 0.06% | −0.03 |
| ANSS Ansys Inc. | Reduce -1.4% | 0.39% | −0.03 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.03 |
| PSX Phillips 66 | Sold out | 0.00% | −0.03 |
| CNC Centene Corp. | Sold out | 0.00% | −0.03 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.03 |
| INFA Informatica Inc. Class A | Reduce -1.4% | 0.21% | −0.03 |
| POOL Pool Corp. | Reduce -1.5% | 0.09% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -20.6% | 0.14% | −0.03 |
| CAT Caterpillar Inc. | Reduce -3.7% | 0.21% | −0.03 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.03 |
| IQV Iqvia Holdings Inc. | Reduce -2.3% | 0.12% | −0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.9% | 0.34% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -18.9% | 0.08% | −0.01 |
| PEGA Pegasystems Inc. | Reduce -1.4% | 0.18% | −0.01 |
| SCHO Schwab Short-Term US Treas | Reduce -25.8% | 0.03% | −0.01 |
| STT State Street Corp. | Reduce -5.2% | 0.12% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -1.2% | 0.19% | −0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -9.9% | 0.06% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -7.0% | 0.13% | −0.01 |
| INTU Intuit Inc. | Reduce -3.9% | 0.62% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -7.5% | 0.21% | −0.01 |
| RMD Resmed Inc. | Reduce -1.3% | 0.19% | −0.01 |
| MDT Medtronic PLC | Reduce -0.8% | 0.06% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| XOM Exxon Mobil Corp. | Add +726.1% | 1.39% | +1.22 |
| EOG EOG Resources Inc. | Add +4.8% | 2.94% | +0.14 |
| RSP Invesco S&P 500 Equal Weight | Add +11.9% | 1.25% | +0.12 |
| EXPD Expeditors Intl Wash Inc. | Add +0.4% | 2.49% | +0.12 |
| XLK SS Technology Select Sector | Add +1.9% | 0.83% | +0.09 |
| EMR Emerson Electric Co. | Add +12.0% | 0.80% | +0.08 |
| PR Permian Resources Corp. Class A | New | 0.05% | +0.05 |
| FSLR First Solar Inc. | New | 0.04% | +0.04 |
| AMZN Amazon.com Inc. | Add +4.8% | 0.31% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.03% | +0.03 |
| VOO Vanguard S&P 500 ETF | New | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +6.7% | 0.15% | +0.03 |
| AMGN Amgen Inc. | Add +0.0% | 0.24% | +0.03 |
| DVN Devon Energy Corp. | Add +45.4% | 0.09% | +0.02 |
| WCN Waste Connections Inc. | Add +0.2% | 0.64% | +0.02 |
| TROW T Rowe Price Group Inc. | Add +4.9% | 2.40% | +0.02 |
| MCHP Microchip Technology Inc. | Add +3.0% | 0.34% | +0.02 |
| KMI Kinder Morgan Inc. | Add +22.8% | 0.07% | +0.02 |
| FANG Diamondback Energy Inc. | Add +22.9% | 0.08% | +0.02 |
| YETI Yeti Holdings Inc. | Add +6.0% | 0.25% | +0.02 |
| NVDA Nvidia Corp. | Add +2.9% | 0.05% | +0.02 |
| KO The Coca-Cola Co. | Add +0.1% | 0.23% | +0.01 |
| CVX Chevron Corp. | Add +0.8% | 0.69% | +0.01 |
| PFE Pfizer Inc. | Add +8.7% | 0.06% | +0.01 |
| KMB Kimberly-Clark Corp. | Add +10.0% | 0.03% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +11.6% | 0.06% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +10.0% | 0.06% | +0.01 |
| MRVL Marvell Technology Inc. | Add +0.1% | 0.91% | +0.00 |
| AMD Advanced Micro Devices | Add +22.0% | 0.03% | +0.00 |
| ZTS Zoetis Inc. | Add +2.8% | 0.05% | +0.00 |
| XLE SS Energy Select Sector | Add +3.8% | 0.14% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +0.0% | 0.05% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +0.3% | 0.03% | +0.00 |
| GE General Electric | Add +4.8% | 0.04% | −0.00 |
| SYY Sysco Corp. | Add +9.0% | 0.21% | −0.01 |
| ABBV Abbvie Inc. | Add +0.8% | 0.16% | −0.01 |
| MRK Merck & Co. Inc. | Add +0.0% | 0.14% | −0.01 |
| KR Kroger Co. | Add +0.0% | 0.06% | −0.01 |
| ROK Rockwell Automation Inc. | Add +2.6% | 0.56% | −0.01 |
| IBM Intl Business Machines Corp. | Add +0.9% | 0.14% | −0.01 |
| MCD McDonald's Corp. | Add +4.0% | 0.26% | −0.01 |
| PEP Pepsico Inc. | Add +1.6% | 0.91% | −0.02 |
| ICLR Icon PLC | Add +0.1% | 0.56% | −0.03 |
| JNJ Johnson & Johnson | Add +0.1% | 2.10% | −0.13 |
| V Visa Inc. Class A | Add +0.1% | 3.39% | −0.15 |
| BLK BlackRock Finance Inc. | Add +0.0% | 3.79% | −0.15 |
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 |