L. Roy Papp & Associates, LLP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), L. Roy Papp & Associates, LLP reported 177 stock positions worth $826.2 million. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by Microsoft (MSFT, 6.4%) and Accenture Class A (ACN, 4.8%). Compared with Q2 2024, it opened 9 new positions, sold out of 4, added to 37 and reduced 74. The biggest buy was Accenture Class A (ACN, shares +1%) and the biggest sale an exit from BlackRock Finance (BLK).
- Most Recent 13F
- Q2 2026
- Location
- Phoenix, AZ
- CIK
- 0000809339
- Portfolio Value
- $826.2M (Q3 2024)
- SEC Filing
- 0000809339-24-000006 ↗ filed Oct 24, 2024
Holdings Value
Holdings 177 stocks · $826.2M
| AAPL Apple Inc. | 7.21% | 255,568 | $59.5M | Reduce -4.2% |
| MSFT Microsoft Corp. | 6.36% | 122,166 | $52.6M | Reduce -1.6% |
| ACN Accenture PLC Class A | 4.79% | 111,970 | $39.6M | Add +0.6% |
| TMO Thermo Fisher Scientific Inc. | 3.65% | 48,733 | $30.1M | Reduce -1.2% |
| ORLY O'reilly Automotive Inc. | 3.64% | 26,143 | $30.1M | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 3.55% | 175,191 | $29.3M | Reduce -2.9% |
| V Visa Inc. Class A | 3.52% | 105,677 | $29.1M | Reduce -0.8% |
| COST Costco Wholesale Corp. | 3.16% | 29,450 | $26.1M | Reduce -2.6% |
| HD Home Depot Inc. | 2.90% | 59,079 | $23.9M | Add +1.1% |
| EOG EOG Resources Inc. | 2.87% | 193,042 | $23.7M | Reduce 0.0% |
| SYK Stryker Corp. | 2.75% | 62,951 | $22.7M | Reduce -0.1% |
| EXPD Expeditors Intl Wash Inc. | 2.61% | 163,952 | $21.5M | Reduce -0.3% |
| JNJ Johnson & Johnson | 2.32% | 118,214 | $19.2M | Reduce -0.5% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.27% | 172,403 | $18.8M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 2.25% | 112,303 | $18.6M | Reduce -1.3% |
| CNI Canadian Natl Railway Co. | 2.00% | 140,880 | $16.5M | Reduce -0.2% |
| MTD Mettler-Toledo International | 1.87% | 10,282 | $15.4M | Reduce -1.0% |
| XBI SS SPDR S&P Biotech ETF | 1.85% | 154,614 | $15.3M | Reduce -0.7% |
| MA Mastercard Inc. Class A | 1.54% | 25,804 | $12.7M | No change |
| RSP Invesco S&P 500 Equal Weight | 1.40% | 64,419 | $11.5M | Add +2.4% |
| XOM Exxon Mobil Corp. | 1.37% | 96,659 | $11.3M | Reduce -3.0% |
| PG The Procter & Gamble Co. | 1.37% | 65,166 | $11.3M | Add +0.0% |
| FISV Fiserv Inc. | 1.32% | 60,558 | $10.9M | Add +0.7% |
| WY Weyerhaeuser Co. | 1.12% | 272,920 | $9.2M | No change |
| ECL Ecolab Inc. | 1.10% | 35,651 | $9.1M | Add +0.6% |
| FDS Factset Research Systems Inc. | 1.06% | 19,053 | $8.8M | Reduce -1.1% |
| ADI Analog Devices Inc. | 1.01% | 36,325 | $8.4M | Reduce -0.1% |
| PEP Pepsico Inc. | 0.95% | 46,061 | $7.8M | Add +0.6% |
| MRVL Marvell Technology Inc. | 0.94% | 107,619 | $7.8M | Add +0.5% |
| BDX Becton Dickinson and Co. | 0.94% | 32,181 | $7.8M | Reduce -5.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.84% | 75,914 | $6.9M | Reduce -0.7% |
| XLK SS Technology Select Sector | 0.82% | 29,947 | $6.8M | Reduce -1.1% |
| EMR Emerson Electric Co. | 0.79% | 59,930 | $6.6M | Reduce -0.5% |
| AME Ametek Inc. | 0.74% | 35,502 | $6.1M | Reduce -1.9% |
| JPM JPMorgan Chase & Co. | 0.65% | 25,652 | $5.4M | Reduce -0.4% |
| WCN Waste Connections Inc. | 0.65% | 30,178 | $5.4M | No change |
| CVX Chevron Corp. | 0.64% | 36,035 | $5.3M | Reduce -0.7% |
| NKE Nike Inc. Class B | 0.64% | 59,900 | $5.3M | Reduce -2.0% |
| NXPI NXP Semiconductors NV | 0.63% | 21,598 | $5.2M | Reduce -0.9% |
| TRMB Trimble Inc. | 0.60% | 80,287 | $5.0M | Reduce -1.3% |
| INTU Intuit Inc. | 0.58% | 7,765 | $4.8M | Add +0.3% |
| ROK Rockwell Automation Inc. | 0.57% | 17,398 | $4.7M | Add +3.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 9,940 | $4.6M | No change |
| ICLR Icon PLC | 0.51% | 14,626 | $4.2M | Reduce -1.1% |
| ADBE Adobe Inc. | 0.49% | 7,873 | $4.1M | No change |
| VMI Valmont Industries | 0.49% | 13,962 | $4.0M | Add +1.0% |
| RBC RBC Bearings Inc. | 0.46% | 12,578 | $3.8M | Reduce -1.6% |
| SHW The Sherwin-Williams Co. | 0.40% | 8,710 | $3.3M | Reduce -2.7% |
| MKC McCormick & Co.-Non VTG SHRS | 0.39% | 38,826 | $3.2M | Reduce -1.8% |
| IEX Idex Corp. | 0.38% | 14,700 | $3.2M | Reduce -3.0% |
| SCHB Schwab US Broad Market ETF | 0.38% | 46,942 | $3.1M | Add +3.7% |
| VIG Vanguard Dividend Apprec ETF | 0.38% | 15,734 | $3.1M | Reduce -0.3% |
| ANSS Ansys Inc. | 0.37% | 9,621 | $3.1M | Reduce -2.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.34% | 7,248 | $2.8M | Add +1.1% |
| CSGP Costar Group Inc. | 0.32% | 35,370 | $2.7M | Reduce -1.6% |
| ADP Automatic Data Processing | 0.32% | 9,602 | $2.7M | Add +0.5% |
| CLX Clorox Company | 0.31% | 15,871 | $2.6M | Reduce -4.3% |
| MCD McDonald's Corp. | 0.30% | 8,269 | $2.5M | No change |
| AMZN Amazon.com Inc. | 0.30% | 13,430 | $2.5M | Add +2.8% |
| MCHP Microchip Technology Inc. | 0.30% | 31,045 | $2.5M | Add +0.1% |
| WM Waste Management Inc. | 0.30% | 11,847 | $2.5M | No change |
| UPS United Parcel Service Class B | 0.30% | 17,941 | $2.4M | Reduce -4.5% |
| CHD Church & Dwight Co. Inc. | 0.28% | 22,350 | $2.3M | Reduce -3.0% |
| VGT Vanguard Info Tech ETF | 0.27% | 3,835 | $2.2M | No change |
| CL Colgate-Palmolive Co. | 0.27% | 21,398 | $2.2M | Add +1.9% |
| AMGN Amgen Inc. | 0.25% | 6,458 | $2.1M | No change |
| KO The Coca-Cola Co. | 0.25% | 28,788 | $2.1M | Reduce -4.1% |
| TECH Bio-Techne Corp. | 0.24% | 25,282 | $2.0M | Reduce -0.8% |
| RMD Resmed Inc. | 0.24% | 8,140 | $2.0M | Reduce -2.6% |
| LLY Eli Lilly & Co. | 0.24% | 2,215 | $2.0M | Reduce -6.9% |
| CAT Caterpillar Inc. | 0.24% | 4,982 | $1.9M | Reduce -4.8% |
| SYY Sysco Corp. | 0.24% | 24,935 | $1.9M | Add +3.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 6,623 | $1.9M | Reduce -0.1% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.22% | 43,925 | $1.8M | Reduce -20.3% |
| VTIP Vanguard Short-Term Tips | 0.22% | 36,357 | $1.8M | Reduce -0.3% |
| PEGA Pegasystems Inc. | 0.21% | 24,110 | $1.8M | Reduce -2.8% |
| RTX RTX Corp. | 0.21% | 14,176 | $1.7M | No change |
| CSCO Cisco Systems Inc. | 0.21% | 31,995 | $1.7M | Reduce -3.4% |
| ORCL Oracle Corp. | 0.19% | 9,172 | $1.6M | Reduce -2.7% |
| ABBV Abbvie Inc. | 0.19% | 7,842 | $1.5M | Reduce -0.6% |
| WMT Walmart Inc. | 0.18% | 18,007 | $1.5M | Add +1.1% |
| INFA Informatica Inc. Class A | 0.17% | 55,320 | $1.4M | Reduce -2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 6,177 | $1.4M | Reduce -6.8% |
| EPD Enterprise Products Partners | 0.16% | 44,956 | $1.3M | New |
| AXP American Express Co. | 0.15% | 4,700 | $1.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 2,093 | $1.2M | No change |
| EGP Eastgroup Properties Inc. | 0.14% | 6,358 | $1.2M | No change |
| META Meta Platforms Inc. Class A | 0.14% | 2,070 | $1.2M | Add +15.8% |
| STT State Street Corp. | 0.14% | 12,976 | $1.1M | Reduce -1.3% |
| IQV Iqvia Holdings Inc. | 0.14% | 4,804 | $1.1M | No change |
| XLE SS Energy Select Sector | 0.14% | 12,897 | $1.1M | Reduce -0.8% |
| LIN Linde PLC | 0.13% | 2,289 | $1.1M | No change |
| SLAB Silicon Laboratories Inc. | 0.13% | 9,195 | $1.1M | Reduce -3.1% |
| MRK Merck & Co. Inc. | 0.12% | 9,016 | $1.0M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.12% | 12,745 | $1.0M | Reduce -4.5% |
| ABT Abbott Laboratories | 0.12% | 8,478 | $967K | Reduce -5.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.12% | 9,400 | $952K | No change |
| WFC Wells Fargo & Co. | 0.10% | 14,918 | $843K | Reduce -24.8% |
| VVV Valvoline Inc. | 0.10% | 19,370 | $811K | Reduce -3.0% |
| SCHX Schwab US Large-Cap ETF | 0.08% | 10,137 | $688K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −3.79 |
| GOOG Alphabet Inc. Class C | Reduce -2.9% | 3.55% | −0.47 |
| MSFT Microsoft Corp. | Reduce -1.6% | 6.36% | −0.36 |
| GOOGL Alphabet Inc. Class A | Reduce -1.3% | 2.25% | −0.26 |
| POOL Pool Corp. | Sold out | 0.00% | −0.09 |
| NXPI NXP Semiconductors NV | Reduce -0.9% | 0.63% | −0.08 |
| EOG EOG Resources Inc. | Reduce 0.0% | 2.87% | −0.07 |
| ICLR Icon PLC | Reduce -1.1% | 0.51% | −0.05 |
| CVX Chevron Corp. | Reduce -0.7% | 0.64% | −0.05 |
| INFA Informatica Inc. Class A | Reduce -2.8% | 0.17% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -24.8% | 0.10% | −0.04 |
| YETI Yeti Holdings Inc. | Reduce -20.3% | 0.22% | −0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.03 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -6.9% | 0.24% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -5.3% | 0.94% | −0.02 |
| CNI Canadian Natl Railway Co. | Reduce -0.2% | 2.00% | −0.02 |
| SBUX Starbucks Corp. | Reduce -36.6% | 0.08% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -3.0% | 1.37% | −0.02 |
| UPS United Parcel Service Class B | Reduce -4.5% | 0.30% | −0.02 |
| ANSS Ansys Inc. | Reduce -2.8% | 0.37% | −0.01 |
| FANG Diamondback Energy Inc. | Reduce -1.5% | 0.07% | −0.01 |
| XLK SS Technology Select Sector | Reduce -1.1% | 0.82% | −0.01 |
| EMR Emerson Electric Co. | Reduce -0.5% | 0.79% | −0.01 |
| XLE SS Energy Select Sector | Reduce -0.8% | 0.14% | −0.01 |
| VVV Valvoline Inc. | Reduce -3.0% | 0.10% | −0.01 |
| CHD Church & Dwight Co. Inc. | Reduce -3.0% | 0.28% | −0.01 |
| BBSI Barrett Business SVCS Inc. | Reduce -25.9% | 0.03% | −0.01 |
| AMD Advanced Micro Devices | Reduce -14.2% | 0.03% | −0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -4.5% | 0.12% | −0.00 |
| SCHG Schwab US Large-Cap Growth | Reduce -4.7% | 0.08% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.6% | 0.03% | −0.00 |
| CSGP Costar Group Inc. | Reduce -1.6% | 0.32% | +0.00 |
| NEE Nextera Energy Inc. | Reduce -13.7% | 0.03% | +0.00 |
| PFE Pfizer Inc. | Reduce -1.4% | 0.06% | +0.00 |
| ITOT iShares Core S&P Total U.S. | Reduce -2.8% | 0.04% | +0.00 |
| KMI Kinder Morgan Inc. | Reduce -8.3% | 0.07% | +0.00 |
| IWM iShares Russell 2000 ETF | Reduce -3.2% | 0.03% | +0.00 |
| SLAB Silicon Laboratories Inc. | Reduce -3.1% | 0.13% | +0.00 |
| VTIP Vanguard Short-Term Tips | Reduce -0.3% | 0.22% | +0.00 |
| ABT Abbott Laboratories | Reduce -5.0% | 0.12% | +0.00 |
| ADI Analog Devices Inc. | Reduce -0.1% | 1.01% | +0.01 |
| AME Ametek Inc. | Reduce -1.9% | 0.74% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -9.8% | 0.06% | +0.01 |
| MDT Medtronic PLC | Reduce -1.1% | 0.07% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.1% | 0.23% | +0.01 |
| IEX Idex Corp. | Reduce -3.0% | 0.38% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -3.4% | 0.21% | +0.02 |
| KO The Coca-Cola Co. | Reduce -4.1% | 0.25% | +0.02 |
| TSLA Tesla Inc. | Reduce -1.1% | 0.08% | +0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| ACN Accenture PLC Class A | Add +0.6% | 4.79% | +0.70 |
| HD Home Depot Inc. | Add +1.1% | 2.90% | +0.46 |
| FISV Fiserv Inc. | Add +0.7% | 1.32% | +0.23 |
| EPD Enterprise Products Partners | New | 0.16% | +0.16 |
| RSP Invesco S&P 500 Equal Weight | Add +2.4% | 1.40% | +0.14 |
| ECL Ecolab Inc. | Add +0.6% | 1.10% | +0.08 |
| PG The Procter & Gamble Co. | Add +0.0% | 1.37% | +0.06 |
| ADP Automatic Data Processing | Add +0.5% | 0.32% | +0.05 |
| DGRO iShares Core Dividend Growth | New | 0.04% | +0.04 |
| META Meta Platforms Inc. Class A | Add +15.8% | 0.14% | +0.03 |
| PEP Pepsico Inc. | Add +0.6% | 0.95% | +0.03 |
| SCHB Schwab US Broad Market ETF | Add +3.7% | 0.38% | +0.03 |
| MRVL Marvell Technology Inc. | Add +0.5% | 0.94% | +0.03 |
| VMI Valmont Industries | Add +1.0% | 0.49% | +0.03 |
| WMT Walmart Inc. | Add +1.1% | 0.18% | +0.03 |
| SYY Sysco Corp. | Add +3.9% | 0.24% | +0.03 |
| CINF Cincinnati Financial Corp. | New | 0.03% | +0.03 |
| APD Air Products & Chemicals Inc. | New | 0.03% | +0.03 |
| ITW Illinois Tool Works | New | 0.03% | +0.03 |
| DHR Danaher Corp. | New | 0.03% | +0.03 |
| CARR Carrier Global Corp. | New | 0.03% | +0.03 |
| SKYY First Trust Cloud Computing | New | 0.02% | +0.02 |
| MELI MercadoLibre Inc. | New | 0.02% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +57.2% | 0.06% | +0.02 |
| CL Colgate-Palmolive Co. | Add +1.9% | 0.27% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +16.6% | 0.07% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.1% | 0.34% | +0.01 |
| FSLR First Solar Inc. | Add +14.2% | 0.05% | +0.01 |
| GLD SPDR Gold Shares | Add +0.9% | 0.06% | +0.01 |
| ROK Rockwell Automation Inc. | Add +3.9% | 0.57% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.9% | 0.07% | +0.01 |
| PR Permian Resources Corp. Class A | Add +31.7% | 0.06% | +0.01 |
| DUK Duke Energy Corp. | Add +6.1% | 0.03% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +0.1% | 0.06% | +0.00 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +0.1% | 0.06% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1.0% | 0.03% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +4.5% | 0.03% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +0.7% | 0.03% | +0.00 |
| DIS The Walt Disney Co. | Add +6.8% | 0.06% | +0.00 |
| SCHO Schwab Short-Term US Treas | Add +0.0% | 0.03% | +0.00 |
| NVDA Nvidia Corp. | Add +2.5% | 0.05% | +0.00 |
| AMZN Amazon.com Inc. | Add +2.8% | 0.30% | −0.00 |
| DVN Devon Energy Corp. | Add +2.8% | 0.07% | −0.01 |
| INTU Intuit Inc. | Add +0.3% | 0.58% | −0.03 |
| MCHP Microchip Technology Inc. | Add +0.1% | 0.30% | −0.04 |
| TROW T Rowe Price Group Inc. | Add +0.5% | 2.27% | −0.12 |
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 |