Roffman Miller Associates Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 22, 2026), Roffman Miller Associates Inc. reported 84 stock positions worth $1.8 billion. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Alphabet Class A (GOOGL, 6.8%) and Apple (AAPL, 6.7%). Compared with Q3 2025, it opened 3 new positions, added to 29 and reduced 52. The biggest buy was Eli Lilly (LLY, shares +16%) and the biggest sale Home Depot (HD, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- PHILADELPHIA, PA
- CIK
- 0000869367
- Portfolio Value
- $1.8B (Q4 2025)
- SEC Filing
- 0000869367-26-000001 ↗ filed Jan 22, 2026
Holdings Value
Holdings 84 stocks · $1.8B
| MSFT Microsoft Corp. | 6.85% | 259,378 | $125.4M | Add +4.2% |
| GOOGL Alphabet Inc. Class A | 6.81% | 398,316 | $124.7M | Reduce -3.6% |
| AAPL Apple Inc. | 6.66% | 448,259 | $121.9M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 4.28% | 243,081 | $78.3M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 3.45% | 273,575 | $63.1M | Reduce -0.3% |
| APH Amphenol Corp. Class A | 3.44% | 465,573 | $62.9M | Reduce -5.5% |
| AXP American Express Co. | 3.24% | 160,303 | $59.3M | Reduce -4.3% |
| JNJ Johnson & Johnson | 3.08% | 272,283 | $56.3M | Add +1.7% |
| HD Home Depot Inc. | 2.57% | 136,965 | $47.1M | Reduce -0.9% |
| MCD McDonald's Corp. | 2.54% | 152,156 | $46.5M | Reduce -1.8% |
| SYK Stryker Corp. | 2.46% | 128,226 | $45.1M | Reduce -1.0% |
| ADP Automatic Data Processing | 2.43% | 173,086 | $44.5M | Reduce -1.0% |
| V Visa Inc. Class A | 2.39% | 124,649 | $43.7M | Reduce -1.3% |
| CB Chubb Ltd. | 2.29% | 134,302 | $41.9M | Reduce -1.4% |
| AFL Aflac Inc. | 2.22% | 368,921 | $40.7M | Reduce -2.6% |
| TXN Texas Instruments Inc. | 2.22% | 234,355 | $40.7M | Reduce -3.8% |
| RPM RPM International Inc. | 2.19% | 386,021 | $40.1M | Reduce -1.5% |
| PEP Pepsico Inc. | 2.07% | 263,774 | $37.9M | Add +1.1% |
| NDSN Nordson Corp. | 1.99% | 151,457 | $36.4M | Reduce -1.0% |
| ASML ASML Holding NV-NY Reg SHS | 1.83% | 31,317 | $33.5M | Reduce -1.4% |
| HON Honeywell International Inc. | 1.76% | 165,303 | $32.2M | Reduce -2.5% |
| GD General Dynamics Corp. | 1.60% | 87,141 | $29.3M | Add +2.0% |
| AME Ametek Inc. | 1.58% | 140,946 | $28.9M | Reduce -2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.44% | 231,072 | $26.3M | Reduce -1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.36% | 162,199 | $24.9M | Reduce -5.2% |
| MKC McCormick & Co.-Non VTG SHRS | 1.35% | 361,523 | $24.6M | Reduce -3.1% |
| MRK Merck & Co. Inc. | 1.33% | 231,523 | $24.4M | Add +9.3% |
| CHD Church & Dwight Co. Inc. | 1.28% | 279,055 | $23.4M | Reduce -1.6% |
| TMO Thermo Fisher Scientific Inc. | 1.26% | 39,748 | $23.0M | Reduce -0.6% |
| ICE Intercontinental Exchange Inc. | 1.16% | 131,358 | $21.3M | Add +4.6% |
| XOM Exxon Mobil Corp. | 1.16% | 176,375 | $21.2M | Add +5.5% |
| CRM Salesforce Inc. | 1.16% | 79,977 | $21.2M | Add +0.7% |
| LLY Eli Lilly & Co. | 1.12% | 19,151 | $20.6M | Add +15.9% |
| EXPO Exponent Inc. | 1.12% | 296,001 | $20.6M | Reduce -2.3% |
| COST Costco Wholesale Corp. | 1.07% | 22,698 | $19.6M | Add +3.5% |
| ACN Accenture PLC Class A | 1.03% | 70,070 | $18.8M | Reduce -4.3% |
| NVDA Nvidia Corp. | 1.00% | 98,565 | $18.4M | Add +18.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 34,909 | $17.5M | Add +23.0% |
| CI The Cigna Group | 0.89% | 59,444 | $16.4M | Reduce -9.9% |
| JCI Johnson Controls Internation | 0.87% | 132,807 | $15.9M | Reduce -13.5% |
| VZ Verizon Communications Inc. | 0.85% | 380,127 | $15.5M | Reduce -4.6% |
| ADBE Adobe Inc. | 0.81% | 42,306 | $14.8M | Reduce -5.3% |
| APD Air Products & Chemicals Inc. | 0.79% | 58,193 | $14.4M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.76% | 254,039 | $14.0M | Reduce -10.9% |
| PPL PPL Corp. | 0.67% | 348,335 | $12.2M | Add +7.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.58% | 35,133 | $10.7M | Add +37.7% |
| UGI Ugi Corp. | 0.58% | 283,647 | $10.6M | Add +2.9% |
| GOOG Alphabet Inc. Class C | 0.46% | 26,918 | $8.4M | Reduce -1.4% |
| BA The Boeing Co. | 0.38% | 31,954 | $6.9M | Reduce -1.0% |
| DHR Danaher Corp. | 0.38% | 30,284 | $6.9M | Reduce -5.2% |
| T AT&T Inc. | 0.32% | 235,308 | $5.8M | Add +10.5% |
| ORCL Oracle Corp. | 0.30% | 27,881 | $5.4M | Reduce -9.4% |
| DEO Diageo PLC-Sponsored ADR | 0.28% | 58,903 | $5.1M | Reduce -24.2% |
| O Realty Income Corp. | 0.26% | 86,017 | $4.8M | Add +34.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 6,729 | $4.6M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 0.25% | 6,887 | $4.5M | Reduce -5.5% |
| VONG Vanguard Russell 1000 Growth | 0.24% | 35,915 | $4.4M | Add +0.1% |
| ARTNA Artesian Resources Corp. Class A | 0.24% | 137,337 | $4.3M | Add +16.4% |
| MMM 3M Co. | 0.20% | 22,817 | $3.7M | Reduce -3.3% |
| FDX FedEx Corp. | 0.20% | 12,434 | $3.6M | Reduce -7.0% |
| VOO Vanguard S&P 500 ETF | 0.18% | 5,243 | $3.3M | New |
| ALB Albemarle Corp. | 0.15% | 20,052 | $2.8M | Reduce -10.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 6,927 | $2.3M | Add +0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 7,714 | $2.3M | Add +10.3% |
| LGLV SPDR US LC Low Vol Idx | 0.11% | 11,818 | $2.1M | Reduce -1.8% |
| STZ Constellation Brands Inc. Class A | 0.11% | 14,720 | $2.0M | Reduce -27.4% |
| SOLS Solstice Adv Materials Inc. | 0.10% | 37,629 | $1.8M | Reduce -11.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.10% | 9,125 | $1.7M | Add +0.5% |
| CL Colgate-Palmolive Co. | 0.09% | 20,664 | $1.6M | Reduce -11.5% |
| VONV Vanguard Russell 1000 Value | 0.07% | 14,690 | $1.4M | Add +0.5% |
| VEA Vanguard Ftse Developed ETF | 0.07% | 21,581 | $1.3M | Add +2.3% |
| NEE Nextera Energy Inc. | 0.06% | 14,764 | $1.2M | Add +0.2% |
| SCHB Schwab US Broad Market ETF | 0.06% | 39,815 | $1.0M | New |
| SCHG Schwab US Large-Cap Growth | 0.05% | 29,584 | $965K | Reduce -11.3% |
| MDT Medtronic PLC | 0.04% | 8,317 | $799K | Reduce -9.4% |
| FMC FMC Corp. | 0.04% | 55,931 | $776K | Reduce -16.2% |
| KMB Kimberly-Clark Corp. | 0.04% | 7,326 | $739K | Reduce -18.6% |
| PFE Pfizer Inc. | 0.04% | 26,222 | $653K | Add +2.7% |
| VTWG Vanguard Russell 2000 Growth | 0.03% | 2,165 | $511K | Add +0.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.03% | 2,322 | $492K | Reduce -2.6% |
| IWO iShares Russell 2000 Growth | 0.02% | 1,267 | $409K | Add +2.8% |
| SMLV SS SPDR US SC Low Vol Idx | 0.02% | 2,695 | $353K | Reduce -0.5% |
| IWM iShares Russell 2000 ETF | 0.02% | 1,164 | $286K | Add +0.1% |
| SCHF Schwab Intl Equity ETF | 0.01% | 10,351 | $249K | New |
Options reported separately and not counted above: SPY puts ($682K).
Portfolio Sells Q3 2025 → Q4 2025
| HD Home Depot Inc. | Reduce -0.9% | 2.57% | −0.56 |
| ADP Automatic Data Processing | Reduce -1.0% | 2.43% | −0.44 |
| RPM RPM International Inc. | Reduce -1.5% | 2.19% | −0.39 |
| TXN Texas Instruments Inc. | Reduce -3.8% | 2.22% | −0.29 |
| HON Honeywell International Inc. | Reduce -2.5% | 1.76% | −0.24 |
| SYK Stryker Corp. | Reduce -1.0% | 2.46% | −0.22 |
| ORCL Oracle Corp. | Reduce -9.4% | 0.30% | −0.19 |
| CI The Cigna Group | Reduce -9.9% | 0.89% | −0.17 |
| JPM JPMorgan Chase & Co. | Reduce -3.1% | 4.28% | −0.15 |
| AFL Aflac Inc. | Reduce -2.6% | 2.22% | −0.15 |
| DEO Diageo PLC-Sponsored ADR | Reduce -24.2% | 0.28% | −0.14 |
| VZ Verizon Communications Inc. | Reduce -4.6% | 0.85% | −0.13 |
| APD Air Products & Chemicals Inc. | Reduce -2.4% | 0.79% | −0.13 |
| CHD Church & Dwight Co. Inc. | Reduce -1.6% | 1.28% | −0.11 |
| MCD McDonald's Corp. | Reduce -1.8% | 2.54% | −0.10 |
| FMC FMC Corp. | Reduce -16.2% | 0.04% | −0.08 |
| JCI Johnson Controls Internation | Reduce -13.5% | 0.87% | −0.08 |
| ADBE Adobe Inc. | Reduce -5.3% | 0.81% | −0.07 |
| DIS The Walt Disney Co. | Reduce -1.3% | 1.44% | −0.07 |
| BAC Bank of America Corp. | Reduce -10.9% | 0.76% | −0.06 |
| EXPO Exponent Inc. | Reduce -2.3% | 1.12% | −0.06 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -3.1% | 1.35% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -5.5% | 0.25% | −0.05 |
| STZ Constellation Brands Inc. Class A | Reduce -27.4% | 0.11% | −0.04 |
| V Visa Inc. Class A | Reduce -1.3% | 2.39% | −0.03 |
| TJX TJX Companies Inc. | Reduce -5.2% | 1.36% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -18.6% | 0.04% | −0.02 |
| SOLS Solstice Adv Materials Inc. | Reduce -11.2% | 0.10% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -11.5% | 0.09% | −0.02 |
| BA The Boeing Co. | Reduce -1.0% | 0.38% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -11.3% | 0.05% | −0.01 |
| LGLV SPDR US LC Low Vol Idx | Reduce -1.8% | 0.11% | −0.01 |
| MMM 3M Co. | Reduce -3.3% | 0.20% | −0.01 |
| MDT Medtronic PLC | Reduce -9.4% | 0.04% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 0.25% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.6% | 0.03% | −0.00 |
| SMLV SS SPDR US SC Low Vol Idx | Reduce -0.5% | 0.02% | −0.00 |
| ACN Accenture PLC Class A | Reduce -4.3% | 1.03% | +0.02 |
| FDX FedEx Corp. | Reduce -7.0% | 0.20% | +0.02 |
| APH Amphenol Corp. Class A | Reduce -5.5% | 3.44% | +0.02 |
| DHR Danaher Corp. | Reduce -5.2% | 0.38% | +0.02 |
| NDSN Nordson Corp. | Reduce -1.0% | 1.99% | +0.04 |
| ALB Albemarle Corp. | Reduce -10.3% | 0.15% | +0.05 |
| AME Ametek Inc. | Reduce -2.0% | 1.58% | +0.07 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 3.45% | +0.08 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 0.46% | +0.09 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -1.4% | 1.83% | +0.11 |
| AXP American Express Co. | Reduce -4.3% | 3.24% | +0.12 |
| CB Chubb Ltd. | Reduce -1.4% | 2.29% | +0.14 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.6% | 1.26% | +0.17 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +15.9% | 1.12% | +0.42 |
| MRK Merck & Co. Inc. | Add +9.3% | 1.33% | +0.34 |
| JNJ Johnson & Johnson | Add +1.7% | 3.08% | +0.30 |
| TSM Taiwan Semiconductor-SP ADR | Add +37.7% | 0.58% | +0.18 |
| VOO Vanguard S&P 500 ETF | New | 0.18% | +0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +23.0% | 0.96% | +0.16 |
| NVDA Nvidia Corp. | Add +18.2% | 1.00% | +0.13 |
| XOM Exxon Mobil Corp. | Add +5.5% | 1.16% | +0.10 |
| CRM Salesforce Inc. | Add +0.7% | 1.16% | +0.10 |
| UGI Ugi Corp. | Add +2.9% | 0.58% | +0.07 |
| SCHB Schwab US Broad Market ETF | New | 0.06% | +0.06 |
| O Realty Income Corp. | Add +34.6% | 0.26% | +0.05 |
| ARTNA Artesian Resources Corp. Class A | Add +16.4% | 0.24% | +0.02 |
| PEP Pepsico Inc. | Add +1.1% | 2.07% | +0.02 |
| IBM Intl Business Machines Corp. | Add +10.3% | 0.12% | +0.01 |
| SCHF Schwab Intl Equity ETF | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +2.3% | 0.07% | +0.00 |
| NEE Nextera Energy Inc. | Add +0.2% | 0.06% | +0.00 |
| VONV Vanguard Russell 1000 Value | Add +0.5% | 0.07% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.8% | 0.13% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.5% | 0.10% | +0.00 |
| IWO iShares Russell 2000 Growth | Add +2.8% | 0.02% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +0.1% | 0.02% | −0.00 |
| VTWG Vanguard Russell 2000 Growth | Add +0.3% | 0.03% | −0.00 |
| PFE Pfizer Inc. | Add +2.7% | 0.04% | −0.00 |
| VONG Vanguard Russell 1000 Growth | Add +0.1% | 0.24% | −0.00 |
| PPL PPL Corp. | Add +7.8% | 0.67% | −0.01 |
| T AT&T Inc. | Add +10.5% | 0.32% | −0.02 |
| ICE Intercontinental Exchange Inc. | Add +4.6% | 1.16% | −0.02 |
| GD General Dynamics Corp. | Add +2.0% | 1.60% | −0.03 |
| COST Costco Wholesale Corp. | Add +3.5% | 1.07% | −0.07 |
| MSFT Microsoft Corp. | Add +4.2% | 6.85% | −0.37 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 1,000 | $682K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |