L. Roy Papp & Associates, LLP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), L. Roy Papp & Associates, LLP reported 193 stock positions worth $951.4 million. Its top holding was Apple (AAPL) at 6.9% of the portfolio, followed by Alphabet Class C (GOOG, 5.6%) and Microsoft (MSFT, 4.7%). Compared with Q1 2026, it opened 15 new positions, sold out of 7, added to 54 and reduced 67. The biggest buy was JPMorgan Chase (JPM, shares +31%) and the biggest sale Accenture Class A (ACN, shares −3%).
- Most Recent 13F
- Q3 2026
- Location
- PHOENIX, AZ
- CIK
- 0000809339
- Portfolio Value
- $951.4M (Q2 2026)
- SEC Filing
- 0002085853-26-000813 ↗ filed Jul 23, 2026
Holdings Value
Holdings 193 stocks · $951.4M
| AAPL Apple Inc. | 6.88% | 226,042 | $65.4M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 5.56% | 149,783 | $52.9M | Reduce -4.1% |
| MSFT Microsoft Corp. | 4.73% | 120,590 | $45.0M | Add +2.9% |
| V Visa Inc. Class A | 3.72% | 103,237 | $35.4M | Add +2.0% |
| BLK BlackRock Inc. | 3.69% | 36,515 | $35.1M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 3.54% | 94,355 | $33.7M | Reduce -3.9% |
| MRVL Marvell Technology Inc. | 3.50% | 111,672 | $33.3M | Reduce -9.1% |
| ORLY O'reilly Automotive Inc. | 3.22% | 332,328 | $30.6M | Reduce -0.2% |
| JNJ Johnson & Johnson | 3.17% | 118,647 | $30.1M | Add +1.2% |
| EXPD Expeditors Intl Wash Inc. | 2.74% | 159,685 | $26.0M | Reduce -0.7% |
| TMO Thermo Fisher Scientific Inc. | 2.71% | 51,509 | $25.8M | Add +1.4% |
| EOG EOG Resources Inc. | 2.44% | 179,017 | $23.2M | Reduce -0.5% |
| COST Costco Wholesale Corp. | 2.34% | 23,794 | $22.3M | Reduce -0.2% |
| HD Home Depot Inc. | 2.31% | 62,411 | $22.0M | Add +0.4% |
| SYK Stryker Corp. | 2.27% | 68,570 | $21.6M | Add +4.6% |
| XBI SS SPDR S&P Biotech ETF | 2.23% | 134,181 | $21.2M | Add +0.4% |
| CNI Canadian Natl Railway Co. | 1.67% | 133,614 | $15.9M | Add +1.6% |
| RSP Invesco S&P 500 Equal Weight | 1.63% | 72,831 | $15.5M | Add +3.4% |
| ADI Analog Devices Inc. | 1.57% | 37,611 | $14.9M | Add +2.2% |
| ACN Accenture PLC Class A | 1.41% | 107,951 | $13.4M | Reduce -3.1% |
| MTD Mettler-Toledo International | 1.39% | 10,383 | $13.3M | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 1.38% | 40,201 | $13.2M | Add +30.5% |
| MA Mastercard Inc. Class A | 1.37% | 25,310 | $13.0M | Add +0.1% |
| XOM Exxon Mobil Corp. | 1.21% | 83,856 | $11.5M | Reduce -6.9% |
| AME Ametek Inc. | 1.21% | 47,384 | $11.5M | Add +1.4% |
| ROK Rockwell Automation Inc. | 1.19% | 22,910 | $11.3M | Add +2.4% |
| SCHO Schwab Short-Term US Treas | 1.19% | 467,341 | $11.3M | Reduce -1.1% |
| XLK SS Technology Select Sector | 1.10% | 55,162 | $10.5M | Reduce -12.9% |
| ECL Ecolab Inc. | 1.05% | 35,957 | $10.0M | Add +2.0% |
| PG The Procter & Gamble Co. | 1.03% | 67,086 | $9.8M | Add +1.3% |
| VMI Valmont Industries | 0.90% | 14,767 | $8.5M | Reduce -1.2% |
| EMR Emerson Electric Co. | 0.82% | 54,443 | $7.8M | Add +0.3% |
| NVDA Nvidia Corp. | 0.81% | 38,622 | $7.7M | Add +0.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.78% | 77,300 | $7.5M | Reduce -2.1% |
| LIN Linde PLC | 0.72% | 13,212 | $6.9M | Add +62.9% |
| PEP Pepsico Inc. | 0.71% | 49,554 | $6.7M | Add +1.5% |
| WY Weyerhaeuser Co. | 0.69% | 272,920 | $6.5M | No change |
| RBC RBC Bearings Inc. | 0.67% | 9,968 | $6.4M | Reduce -4.7% |
| CVX Chevron Corp. | 0.64% | 36,897 | $6.1M | Reduce -0.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.62% | 111,774 | $5.9M | Add +11.6% |
| CAT Caterpillar Inc. | 0.60% | 5,387 | $5.7M | Add +5.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.60% | 11,357 | $5.7M | Reduce -1.7% |
| NXPI NXP Semiconductors NV | 0.59% | 20,040 | $5.6M | Add +2.6% |
| WCN Waste Connections Inc. | 0.48% | 27,178 | $4.5M | No change |
| WM Waste Management Inc. | 0.44% | 18,969 | $4.2M | Add +42.5% |
| VGT Vanguard Info Tech ETF | 0.44% | 34,992 | $4.2M | No change |
| MCD McDonald's Corp. | 0.43% | 15,089 | $4.1M | Add +65.8% |
| SCHB Schwab US Broad Market ETF | 0.42% | 139,075 | $4.0M | Add +0.1% |
| TRMB Trimble Inc. | 0.41% | 76,078 | $3.9M | Reduce -2.5% |
| VIG Vanguard Dividend Apprec ETF | 0.41% | 16,295 | $3.9M | Reduce -2.7% |
| FDS Factset Research Systems Inc. | 0.36% | 14,896 | $3.4M | Reduce -3.1% |
| RMD Resmed Inc. | 0.34% | 16,582 | $3.2M | Reduce -8.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.33% | 27,496 | $3.1M | Reduce -50.7% |
| RTX RTX Corp. | 0.32% | 16,252 | $3.1M | Add +6.2% |
| AMZN Amazon.com Inc. | 0.32% | 12,845 | $3.1M | Add +0.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.32% | 34,879 | $3.0M | Reduce -1.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 7,669 | $2.8M | Reduce -0.7% |
| IEX Idex Corp. | 0.29% | 12,075 | $2.7M | Reduce -9.1% |
| TECH Bio-Techne Corp. | 0.29% | 38,650 | $2.7M | Add +18.1% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.28% | 52,795 | $2.6M | Reduce -0.6% |
| MCHP Microchip Technology Inc. | 0.26% | 27,177 | $2.5M | Reduce -3.1% |
| KO The Coca-Cola Co. | 0.26% | 30,049 | $2.4M | Add +0.1% |
| AMGN Amgen Inc. | 0.25% | 6,448 | $2.3M | Reduce -0.1% |
| SHW The Sherwin-Williams Co. | 0.24% | 6,725 | $2.3M | No change |
| EPD Enterprise Products Partners | 0.24% | 61,858 | $2.3M | No change |
| LLY Eli Lilly & Co. | 0.23% | 1,847 | $2.2M | Add +21.8% |
| ADP Automatic Data Processing | 0.23% | 9,602 | $2.2M | No change |
| GWW WW Grainger Inc. | 0.23% | 1,575 | $2.1M | Add +130.3% |
| INTC Intel Corp. | 0.22% | 14,956 | $2.1M | No change |
| SYY Sysco Corp. | 0.21% | 23,968 | $2.0M | Add +0.0% |
| INTU Intuit Inc. | 0.21% | 7,608 | $2.0M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 0.21% | 16,895 | $2.0M | Reduce -45.3% |
| ABBV Abbvie Inc. | 0.20% | 7,581 | $1.9M | Reduce -0.4% |
| WMT Walmart Inc. | 0.20% | 16,598 | $1.9M | Reduce -3.2% |
| PR Permian Resources Corp. Class A | 0.20% | 101,918 | $1.9M | Add +4.5% |
| STT State Street Corp. | 0.20% | 11,027 | $1.9M | Reduce -2.2% |
| CHD Church & Dwight Co. Inc. | 0.19% | 18,658 | $1.8M | Reduce -9.2% |
| VTIP Vanguard Short-Term Tips | 0.18% | 34,697 | $1.7M | No change |
| SLAB Silicon Laboratories Inc. | 0.18% | 7,809 | $1.7M | Reduce -8.9% |
| MKC McCormick & Co.-Non VTG SHRS | 0.18% | 33,670 | $1.7M | Reduce -10.0% |
| XLE SS Energy Select Sector | 0.18% | 31,373 | $1.7M | Add +3.5% |
| AXP American Express Co. | 0.17% | 4,779 | $1.6M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 2,133 | $1.6M | Reduce -1.0% |
| ADBE Adobe Inc. | 0.17% | 7,678 | $1.6M | No change |
| CL Colgate-Palmolive Co. | 0.16% | 16,613 | $1.5M | Reduce -0.2% |
| DT Dynatrace Inc. | 0.15% | 32,046 | $1.4M | Reduce -6.8% |
| EGP Eastgroup Properties Inc. | 0.14% | 6,378 | $1.3M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 4,518 | $1.3M | Reduce -12.2% |
| KMI Kinder Morgan Inc. | 0.13% | 38,743 | $1.2M | Add +8.2% |
| PEGA Pegasystems Inc. | 0.13% | 40,375 | $1.2M | Reduce -8.4% |
| SNPS Synopsys Inc. | 0.12% | 2,578 | $1.1M | Reduce -9.1% |
| MRK Merck & Co. Inc. | 0.11% | 8,457 | $1.1M | Reduce -4.2% |
| VVV Valvoline Inc. | 0.11% | 26,154 | $1.0M | Reduce -9.1% |
| TSLA Tesla Inc. | 0.11% | 2,419 | $1.0M | Reduce -1.2% |
| SLV iShares Silver Trust | 0.11% | 19,000 | $1.0M | No change |
| META Meta Platforms Inc. Class A | 0.10% | 1,711 | $964K | No change |
| STIP iShares 0-5 Year Tips Bond E | 0.10% | 9,400 | $960K | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.10% | 11,820 | $952K | Add +1.4% |
| NKE Nike Inc. Class B | 0.10% | 23,074 | $947K | Reduce -6.7% |
| AMAT Applied Materials Inc. | 0.10% | 1,255 | $907K | Reduce -10.7% |
Portfolio Sells Q1 2026 → Q2 2026
| ACN Accenture PLC Class A | Reduce -3.1% | 1.41% | −1.14 |
| EOG EOG Resources Inc. | Reduce -0.5% | 2.44% | −0.56 |
| XOM Exxon Mobil Corp. | Reduce -6.9% | 1.21% | −0.56 |
| COST Costco Wholesale Corp. | Reduce -0.2% | 2.34% | −0.40 |
| ORLY O'reilly Automotive Inc. | Reduce -0.2% | 3.22% | −0.33 |
| TROW T Rowe Price Group Inc. | Reduce -50.7% | 0.33% | −0.25 |
| CVX Chevron Corp. | Reduce -0.7% | 0.64% | −0.24 |
| TRMB Trimble Inc. | Reduce -2.5% | 0.41% | −0.18 |
| INTU Intuit Inc. | Reduce -0.9% | 0.21% | −0.17 |
| SCHO Schwab Short-Term US Treas | Reduce -1.1% | 1.19% | −0.14 |
| RMD Resmed Inc. | Reduce -8.2% | 0.34% | −0.13 |
| MTD Mettler-Toledo International | Reduce -0.6% | 1.39% | −0.13 |
| PEGA Pegasystems Inc. | Reduce -8.4% | 0.13% | −0.09 |
| CLX Clorox Company | Reduce -36.3% | 0.09% | −0.08 |
| CSCO Cisco Systems Inc. | Reduce -45.3% | 0.21% | −0.07 |
| CSGP Costar Group Inc. | Reduce -8.8% | 0.09% | −0.06 |
| POOL Pool Corp. | Sold out | 0.00% | −0.06 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -2.1% | 0.78% | −0.06 |
| NKE Nike Inc. Class B | Reduce -6.7% | 0.10% | −0.05 |
| ORCL Oracle Corp. | Reduce -30.9% | 0.08% | −0.05 |
| WMT Walmart Inc. | Reduce -3.2% | 0.20% | −0.05 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.7% | 0.60% | −0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -10.0% | 0.18% | −0.04 |
| CHD Church & Dwight Co. Inc. | Reduce -9.2% | 0.19% | −0.03 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.03 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.03 |
| SLAB Silicon Laboratories Inc. | Reduce -8.9% | 0.18% | −0.03 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.02 |
| FDS Factset Research Systems Inc. | Reduce -3.1% | 0.36% | −0.02 |
| ICLR Icon PLC | Sold out | 0.00% | −0.02 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.02 |
| ABT Abbott Laboratories | Reduce -4.2% | 0.07% | −0.02 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.25% | −0.02 |
| MDT Medtronic PLC | Reduce -4.1% | 0.05% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -12.2% | 0.13% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.8% | 0.03% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.7% | 0.41% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -15.4% | 0.06% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -1.6% | 0.05% | −0.01 |
| DIS The Walt Disney Co. | Reduce -9.4% | 0.04% | −0.01 |
| SNPS Synopsys Inc. | Reduce -9.1% | 0.12% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -4.2% | 0.11% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -7.0% | 0.05% | −0.01 |
| BNY Bank of New York Mellon Corp. | Reduce -25.0% | 0.02% | −0.00 |
| WAB Wabtec Corp. | Reduce -2.9% | 0.09% | −0.00 |
| NSC Norfolk Southern Corp. | Reduce -4.7% | 0.08% | −0.00 |
| HONA Honeywell Aerospace Inc. | Reduce -0.2% | 0.04% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -0.2% | 0.16% | −0.00 |
| VVV Valvoline Inc. | Reduce -9.1% | 0.11% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| JPM JPMorgan Chase & Co. | Add +30.5% | 1.38% | +0.34 |
| ROK Rockwell Automation Inc. | Add +2.4% | 1.19% | +0.27 |
| XBI SS SPDR S&P Biotech ETF | Add +0.4% | 2.23% | +0.26 |
| LIN Linde PLC | Add +62.9% | 0.72% | +0.26 |
| ADI Analog Devices Inc. | Add +2.2% | 1.57% | +0.22 |
| V Visa Inc. Class A | Add +2.0% | 3.72% | +0.20 |
| CAT Caterpillar Inc. | Add +5.3% | 0.60% | +0.18 |
| NXPI NXP Semiconductors NV | Add +2.6% | 0.59% | +0.15 |
| GWW WW Grainger Inc. | Add +130.3% | 0.23% | +0.14 |
| CNI Canadian Natl Railway Co. | Add +1.6% | 1.67% | +0.12 |
| MCD McDonald's Corp. | Add +65.8% | 0.43% | +0.10 |
| STIP iShares 0-5 Year Tips Bond E | New | 0.10% | +0.10 |
| WM Waste Management Inc. | Add +42.5% | 0.44% | +0.09 |
| TECH Bio-Techne Corp. | Add +18.1% | 0.29% | +0.09 |
| LLY Eli Lilly & Co. | Add +21.8% | 0.23% | +0.07 |
| RSP Invesco S&P 500 Equal Weight | Add +3.4% | 1.63% | +0.07 |
| AGYS Agilysys Inc. | New | 0.06% | +0.06 |
| WDFC WD-40 Co. | New | 0.06% | +0.06 |
| AME Ametek Inc. | Add +1.4% | 1.21% | +0.05 |
| AMD Advanced Micro Devices | New | 0.04% | +0.04 |
| NVDA Nvidia Corp. | Add +0.1% | 0.81% | +0.04 |
| XNTK SS SPDR Nyse Tech ETF | New | 0.03% | +0.03 |
| MELI MercadoLibre Inc. | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.03% | +0.03 |
| AVGO Broadcom Inc. | New | 0.02% | +0.02 |
| PANW Palo Alto Networks Inc. | New | 0.02% | +0.02 |
| SOXQ Invesco PHLX Semiconductor | New | 0.02% | +0.02 |
| KMB Kimberly-Clark Corp. | New | 0.02% | +0.02 |
| ETN Eaton Corp. PLC | New | 0.02% | +0.02 |
| HCI Hci Group Inc. | New | 0.02% | +0.02 |
| INDV Indivior Pharmaceuticals Inc. | New | 0.02% | +0.02 |
| SCHB Schwab US Broad Market ETF | Add +0.1% | 0.42% | +0.02 |
| TT Trane Technologies PLC | New | 0.02% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +61.4% | 0.05% | +0.02 |
| GEV GE Vernova Inc. | Add +4.0% | 0.07% | +0.01 |
| AMZN Amazon.com Inc. | Add +0.4% | 0.32% | +0.01 |
| SYY Sysco Corp. | Add +0.0% | 0.21% | +0.01 |
| GE General Electric | Add +1.7% | 0.07% | +0.01 |
| FSLR First Solar Inc. | Add +9.2% | 0.08% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.4% | 0.07% | +0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +11.6% | 0.62% | +0.01 |
| APD Air Products & Chemicals Inc. | Add +42.5% | 0.03% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +5.1% | 0.08% | +0.01 |
| VXF Vanguard Extended Market ETF | Add +0.0% | 0.07% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.4% | 0.10% | +0.00 |
| IWP iShares Russell Mid-Cap Grow | Add +0.0% | 0.08% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +0.0% | 0.06% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.4% | 0.04% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +0.5% | 0.03% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +0.5% | 0.03% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2026 | 193 | $981.0M | AAPL, MSFT, GOOG, BLK, V |
| 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 |