Roffman Miller Associates Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Roffman Miller Associates Inc. reported 80 stock positions worth $1.8 billion. Its top holding was Microsoft (MSFT) at 7.2% of the portfolio, followed by Apple (AAPL, 6.4%) and Alphabet Class A (GOOGL, 5.6%). Compared with Q2 2025, it opened 6 new positions, added to 29 and reduced 45. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Bank of America (BAC, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- PHILADELPHIA, PA
- CIK
- 0000869367
- Portfolio Value
- $1.8B (Q3 2025)
- SEC Filing
- 0000869367-25-000007 ↗ filed Oct 14, 2025
Holdings Value
Holdings 80 stocks · $1.8B
| MSFT Microsoft Corp. | 7.22% | 249,028 | $129.0M | Reduce -1.2% |
| AAPL Apple Inc. | 6.44% | 451,553 | $115.0M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 5.63% | 413,232 | $100.5M | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 4.43% | 250,902 | $79.1M | Reduce -2.5% |
| APH Amphenol Corp. Class A | 3.41% | 492,478 | $60.9M | Reduce -3.9% |
| AMZN Amazon.com Inc. | 3.37% | 274,249 | $60.2M | Add +0.3% |
| HD Home Depot Inc. | 3.14% | 138,253 | $56.0M | Add +0.4% |
| AXP American Express Co. | 3.11% | 167,440 | $55.6M | Reduce -1.8% |
| ADP Automatic Data Processing | 2.87% | 174,866 | $51.3M | Reduce -0.1% |
| JNJ Johnson & Johnson | 2.78% | 267,640 | $49.6M | Add +0.5% |
| SYK Stryker Corp. | 2.68% | 129,544 | $47.9M | Reduce -0.1% |
| MCD McDonald's Corp. | 2.64% | 154,997 | $47.1M | Reduce -0.2% |
| RPM RPM International Inc. | 2.59% | 391,994 | $46.2M | Reduce -0.4% |
| TXN Texas Instruments Inc. | 2.51% | 243,608 | $44.8M | Reduce -0.8% |
| V Visa Inc. Class A | 2.41% | 126,272 | $43.1M | Add +0.1% |
| AFL Aflac Inc. | 2.37% | 378,785 | $42.3M | Add +0.1% |
| CB Chubb Ltd. | 2.15% | 136,245 | $38.5M | Add +1.1% |
| PEP Pepsico Inc. | 2.05% | 260,858 | $36.6M | Add +0.5% |
| HON Honeywell International Inc. | 2.00% | 169,475 | $35.7M | Reduce -1.2% |
| NDSN Nordson Corp. | 1.95% | 153,036 | $34.7M | Reduce -0.6% |
| ASML ASML Holding NV-NY Reg SHS | 1.72% | 31,758 | $30.7M | Add +1.1% |
| GD General Dynamics Corp. | 1.63% | 85,454 | $29.1M | Add +2.6% |
| AME Ametek Inc. | 1.51% | 143,885 | $27.1M | Reduce -0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.50% | 234,216 | $26.8M | Reduce -0.3% |
| MKC McCormick & Co.-Non VTG SHRS | 1.40% | 373,227 | $25.0M | Reduce -1.3% |
| CHD Church & Dwight Co. Inc. | 1.39% | 283,599 | $24.9M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.38% | 171,046 | $24.7M | Reduce -1.8% |
| ICE Intercontinental Exchange Inc. | 1.19% | 125,618 | $21.2M | Add +3.4% |
| EXPO Exponent Inc. | 1.18% | 303,073 | $21.1M | Reduce -3.1% |
| COST Costco Wholesale Corp. | 1.14% | 21,932 | $20.3M | Add +8.8% |
| TMO Thermo Fisher Scientific Inc. | 1.09% | 39,977 | $19.4M | Add +2.6% |
| CI The Cigna Group | 1.06% | 65,976 | $19.0M | Add +1.1% |
| XOM Exxon Mobil Corp. | 1.06% | 167,118 | $18.8M | Add +8.0% |
| CRM Salesforce Inc. | 1.05% | 79,386 | $18.8M | Add +3.2% |
| ACN Accenture PLC Class A | 1.01% | 73,201 | $18.1M | Reduce -3.4% |
| MRK Merck & Co. Inc. | 1.00% | 211,806 | $17.8M | Add +3.2% |
| VZ Verizon Communications Inc. | 0.98% | 398,449 | $17.5M | Add +1.0% |
| JCI Johnson Controls Internation | 0.95% | 153,520 | $16.9M | Reduce -33.0% |
| APD Air Products & Chemicals Inc. | 0.91% | 59,618 | $16.3M | Reduce -1.4% |
| ADBE Adobe Inc. | 0.88% | 44,686 | $15.8M | Reduce -3.7% |
| NVDA Nvidia Corp. | 0.87% | 83,414 | $15.6M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.82% | 284,980 | $14.7M | Reduce -47.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.80% | 28,383 | $14.3M | New |
| LLY Eli Lilly & Co. | 0.71% | 16,522 | $12.6M | New |
| PPL PPL Corp. | 0.67% | 323,163 | $12.0M | Add +8.1% |
| UGI Ugi Corp. | 0.51% | 275,546 | $9.2M | Add +11.7% |
| ORCL Oracle Corp. | 0.48% | 30,786 | $8.7M | Reduce -3.3% |
| DEO Diageo PLC-Sponsored ADR | 0.42% | 77,686 | $7.4M | Reduce -15.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.40% | 25,511 | $7.1M | New |
| BA The Boeing Co. | 0.39% | 32,269 | $7.0M | Reduce -8.6% |
| GOOG Alphabet Inc. Class C | 0.37% | 27,307 | $6.7M | Reduce -4.8% |
| DHR Danaher Corp. | 0.35% | 31,957 | $6.3M | Reduce -5.5% |
| T AT&T Inc. | 0.34% | 212,975 | $6.0M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 0.30% | 7,285 | $5.4M | Add +2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 6,787 | $4.5M | Add +0.4% |
| VONG Vanguard Russell 1000 Growth | 0.24% | 35,877 | $4.3M | Add +0.1% |
| O Realty Income Corp. | 0.22% | 63,904 | $3.9M | New |
| ARTNA Artesian Resources Corp. Class A | 0.22% | 117,995 | $3.8M | Add +10.0% |
| MMM 3M Co. | 0.20% | 23,586 | $3.7M | Reduce -5.2% |
| FDX FedEx Corp. | 0.18% | 13,365 | $3.2M | Reduce -11.6% |
| STZ Constellation Brands Inc. Class A | 0.15% | 20,288 | $2.7M | Reduce -26.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 6,873 | $2.3M | Add +0.1% |
| FMC FMC Corp. | 0.13% | 66,767 | $2.2M | New |
| LGLV SPDR US LC Low Vol Idx | 0.12% | 12,034 | $2.1M | Reduce -0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 6,993 | $2.0M | Add +0.7% |
| CL Colgate-Palmolive Co. | 0.10% | 23,352 | $1.9M | Reduce -2.8% |
| ALB Albemarle Corp. | 0.10% | 22,367 | $1.8M | Reduce -25.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.09% | 9,080 | $1.7M | Reduce -0.3% |
| VONV Vanguard Russell 1000 Value | 0.07% | 14,622 | $1.3M | Add +0.4% |
| VEA Vanguard Ftse Developed ETF | 0.07% | 21,101 | $1.3M | Reduce -0.0% |
| KMB Kimberly-Clark Corp. | 0.06% | 8,994 | $1.1M | Reduce -10.5% |
| NEE Nextera Energy Inc. | 0.06% | 14,736 | $1.1M | Reduce -1.9% |
| SCHG Schwab US Large-Cap Growth | 0.06% | 33,349 | $1.1M | Reduce -0.9% |
| MDT Medtronic PLC | 0.05% | 9,178 | $874K | Reduce -40.0% |
| PFE Pfizer Inc. | 0.04% | 25,526 | $650K | Reduce -1.8% |
| VTWG Vanguard Russell 2000 Growth | 0.03% | 2,159 | $505K | Add +0.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.03% | 2,383 | $497K | Reduce -10.4% |
| IWO iShares Russell 2000 Growth | 0.02% | 1,232 | $394K | Add +0.2% |
| SMLV SS SPDR US SC Low Vol Idx | 0.02% | 2,708 | $351K | Reduce -7.6% |
| IWM iShares Russell 2000 ETF | 0.02% | 1,163 | $281K | Add +3.2% |
Portfolio Sells Q2 2025 → Q3 2025
| BAC Bank of America Corp. | Reduce -47.9% | 0.82% | −0.72 |
| TXN Texas Instruments Inc. | Reduce -0.8% | 2.51% | −0.54 |
| JCI Johnson Controls Internation | Reduce -33.0% | 0.95% | −0.50 |
| HON Honeywell International Inc. | Reduce -1.2% | 2.00% | −0.39 |
| SYK Stryker Corp. | Reduce -0.1% | 2.68% | −0.38 |
| ADP Automatic Data Processing | Reduce -0.1% | 2.87% | −0.35 |
| ACN Accenture PLC Class A | Reduce -3.4% | 1.01% | −0.34 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -1.3% | 1.40% | −0.31 |
| MSFT Microsoft Corp. | Reduce -1.2% | 7.22% | −0.26 |
| CHD Church & Dwight Co. Inc. | Reduce -0.3% | 1.39% | −0.24 |
| DIS The Walt Disney Co. | Reduce -0.3% | 1.50% | −0.24 |
| EXPO Exponent Inc. | Reduce -3.1% | 1.18% | −0.22 |
| ADBE Adobe Inc. | Reduce -3.7% | 0.88% | −0.19 |
| DEO Diageo PLC-Sponsored ADR | Reduce -15.1% | 0.42% | −0.14 |
| AXP American Express Co. | Reduce -1.8% | 3.11% | −0.13 |
| STZ Constellation Brands Inc. Class A | Reduce -26.3% | 0.15% | −0.11 |
| APD Air Products & Chemicals Inc. | Reduce -1.4% | 0.91% | −0.11 |
| MCD McDonald's Corp. | Reduce -0.2% | 2.64% | −0.07 |
| BA The Boeing Co. | Reduce -8.6% | 0.39% | −0.05 |
| AME Ametek Inc. | Reduce -0.4% | 1.51% | −0.05 |
| DHR Danaher Corp. | Reduce -5.5% | 0.35% | −0.04 |
| T AT&T Inc. | Reduce -0.6% | 0.34% | −0.03 |
| MDT Medtronic PLC | Reduce -40.0% | 0.05% | −0.03 |
| FDX FedEx Corp. | Reduce -11.6% | 0.18% | −0.03 |
| NDSN Nordson Corp. | Reduce -0.6% | 1.95% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -2.8% | 0.10% | −0.03 |
| MMM 3M Co. | Reduce -5.2% | 0.20% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -2.5% | 4.43% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -10.5% | 0.06% | −0.01 |
| ALB Albemarle Corp. | Reduce -25.5% | 0.10% | −0.01 |
| LGLV SPDR US LC Low Vol Idx | Reduce -0.5% | 0.12% | −0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -10.4% | 0.03% | −0.00 |
| SMLV SS SPDR US SC Low Vol Idx | Reduce -7.6% | 0.02% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.3% | 0.09% | −0.00 |
| PFE Pfizer Inc. | Reduce -1.8% | 0.04% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.0% | 0.07% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -1.9% | 0.06% | 0.00 |
| SCHG Schwab US Large-Cap Growth | Reduce -0.9% | 0.06% | +0.00 |
| RPM RPM International Inc. | Reduce -0.4% | 2.59% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -4.8% | 0.37% | +0.07 |
| ORCL Oracle Corp. | Reduce -3.3% | 0.48% | +0.07 |
| TJX TJX Companies Inc. | Reduce -1.8% | 1.38% | +0.10 |
| APH Amphenol Corp. Class A | Reduce -3.9% | 3.41% | +0.39 |
| AAPL Apple Inc. | Reduce -1.2% | 6.44% | +0.84 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 5.63% | +1.19 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | New | 0.87% | +0.87 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.80% | +0.80 |
| LLY Eli Lilly & Co. | New | 0.71% | +0.71 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.40% | +0.40 |
| JNJ Johnson & Johnson | Add +0.5% | 2.78% | +0.35 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.1% | 1.72% | +0.22 |
| O Realty Income Corp. | New | 0.22% | +0.22 |
| GD General Dynamics Corp. | Add +2.6% | 1.63% | +0.18 |
| TMO Thermo Fisher Scientific Inc. | Add +2.6% | 1.09% | +0.14 |
| FMC FMC Corp. | New | 0.13% | +0.13 |
| HD Home Depot Inc. | Add +0.4% | 3.14% | +0.12 |
| PPL PPL Corp. | Add +8.1% | 0.67% | +0.07 |
| XOM Exxon Mobil Corp. | Add +8.0% | 1.06% | +0.06 |
| MRK Merck & Co. Inc. | Add +3.2% | 1.00% | +0.03 |
| VONG Vanguard Russell 1000 Growth | Add +0.1% | 0.24% | +0.01 |
| PEP Pepsico Inc. | Add +0.5% | 2.05% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.4% | 0.25% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.13% | +0.00 |
| VTWG Vanguard Russell 2000 Growth | Add +0.1% | 0.03% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +3.2% | 0.02% | +0.00 |
| IWO iShares Russell 2000 Growth | Add +0.2% | 0.02% | +0.00 |
| ARTNA Artesian Resources Corp. Class A | Add +10.0% | 0.22% | +0.00 |
| VONV Vanguard Russell 1000 Value | Add +0.4% | 0.07% | −0.00 |
| IBM Intl Business Machines Corp. | Add +0.7% | 0.11% | −0.01 |
| AFL Aflac Inc. | Add +0.1% | 2.37% | −0.01 |
| META Meta Platforms Inc. Class A | Add +2.0% | 0.30% | −0.02 |
| UGI Ugi Corp. | Add +11.7% | 0.51% | −0.02 |
| VZ Verizon Communications Inc. | Add +1.0% | 0.98% | −0.04 |
| COST Costco Wholesale Corp. | Add +8.8% | 1.14% | −0.05 |
| ICE Intercontinental Exchange Inc. | Add +3.4% | 1.19% | −0.15 |
| CB Chubb Ltd. | Add +1.1% | 2.15% | −0.18 |
| CRM Salesforce Inc. | Add +3.2% | 1.05% | −0.20 |
| AMZN Amazon.com Inc. | Add +0.3% | 3.37% | −0.21 |
| CI The Cigna Group | Add +1.1% | 1.06% | −0.22 |
| V Visa Inc. Class A | Add +0.1% | 2.41% | −0.26 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 87 | $1.9B | GOOGL, AAPL, MSFT, APH, JPM |
| Q1 2026 | 85 | $1.7B | AAPL, GOOGL, MSFT, JPM, JNJ |
| Q4 2025 | 84 | $1.8B | MSFT, GOOGL, AAPL, JPM, AMZN |
| Q3 2025 | 80 | $1.8B | MSFT, AAPL, GOOGL, JPM, APH |
| Q2 2025 | 74 | $1.7B | MSFT, AAPL, JPM, GOOGL, AMZN |
| Q1 2025 | 75 | $1.6B | AAPL, MSFT, GOOGL, JPM, ADP |
| Q4 2024 | 75 | $1.6B | AAPL, MSFT, GOOGL, JPM, AMZN |
| Q3 2024 | 75 | $1.6B | AAPL, MSFT, GOOGL, JPM, HD |
| Q2 2024 | 75 | $1.5B | MSFT, AAPL, GOOGL, JPM, TXN |
| Q1 2024 | 77 | $1.5B | MSFT, AAPL, GOOGL, JPM, HD |