L. Roy Papp & Associates, LLP
Phoenix, AZ
$951m in 193 US stocks at the end of 30 June 2026. The top 10 are 40.7% of the money. It changed about 7.4% of the portfolio this quarter.
Value
$951m
Stocks
193
Top 10 share
40.7%
Turnover
7.4%
What changed this quarter
New
Bought for the first time this quarter.
- Ishares TRSTIP0.1% of the fund
- AgilysysAGYS<0.1% of the fund
- WD 40WDFC<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- Advanced Micro DevicesAMD<0.1% of the fund
- Spdr Series TrustXNTK<0.1% of the fund
- MercadoLibreMELI<0.1% of the fund
- Taiwan Semiconductor ManufacturingTSM<0.1% of the fund
- BroadcomAVGO<0.1% of the fund
- Palo Alto NetworksPANW<0.1% of the fund
- Kimberly-ClarkKMB<0.1% of the fund
- Invesco Exch Traded FD TR IISOXQ<0.1% of the fund
- EatonETN<0.1% of the fund
- HCI GroupHCI<0.1% of the fund
- Indivior PharmaceuticalsINDV<0.1% of the fund
- Trane TechnologiesTT<0.1% of the fund
Added
Bought more of a stock they already held.
- MicrosoftMSFT4.7% of the fund+3%
- VisaV3.7% of the fund+2%
- StrykerSYK2.3% of the fund+5%
- Invesco Exchange Traded FD TRSP1.6% of the fund+3%
- Analog DevicesADI1.6% of the fund+2%
- JPMorgan ChaseJPM1.4% of the fund+31%
- Rockwell AutomationROK1.2% of the fund+2%
- LindeLIN0.7% of the fund+63%
- Ishares TRIGSB0.6% of the fund+12%
- CaterpillarCAT0.6% of the fund+5%
- NXP SemiconductorsNXPI0.6% of the fund+3%
- Waste ManagementWM0.4% of the fund+43%
- McDonald'sMCD0.4% of the fund+66%
- RTXRTX0.3% of the fund+6%
- Bio-TechneTECH0.3% of the fund+18%
- Eli LillyLLY0.2% of the fund+22%
- W.W. GraingerGWW0.2% of the fund+130%
- Permian ResourcesPR0.2% of the fund+5%
- Select Sector Spdr TRXLE0.2% of the fund+4%
- Kinder MorganKMI0.1% of the fund+8%
- Ishares TRIVV<0.1% of the fund+5%
- First SolarFSLR<0.1% of the fund+9%
- Invesco QQQ TRQQQ<0.1% of the fund+3%
- GE VernovaGEV<0.1% of the fund+4%
- Ishares TRIWM<0.1% of the fund+61%
Cut
Sold some of their stake.
- AlphabetGOOG5.6% of the fund-4%
- AlphabetGOOGL3.5% of the fund-4%
- Marvell TechnologyMRVL3.5% of the fund-9%
- AccentureACN1.4% of the fund-3%
- ExxonMobil HoldingsXOM1.2% of the fund-7%
- Select Sector Spdr TRXLK1.1% of the fund-13%
- Ishares TRUSMV0.8% of the fund-2%
- RBC BearingsRBC0.7% of the fund-5%
- TrimbleTRMB0.4% of the fund-2%
- Vanguard Specialized FundsVIG0.4% of the fund-3%
- Factset Research SystemsFDS0.4% of the fund-3%
- ResmedRMD0.3% of the fund-8%
- Price T Rowe GroupTROW0.3% of the fund-51%
- IdexIEX0.3% of the fund-9%
- Microchip TechnologyMCHP0.3% of the fund-3%
- Cisco SystemsCSCO0.2% of the fund-45%
- WalmartWMT0.2% of the fund-3%
- State StreetSTT0.2% of the fund-2%
- Church & DwightCHD0.2% of the fund-9%
- Silicon LaboratoriesSLAB0.2% of the fund-9%
- McCormickMKC0.2% of the fund-10%
- DynatraceDT0.1% of the fund-7%
- International Business MachinesIBM0.1% of the fund-12%
- PegasystemsPEGA0.1% of the fund-8%
- SynopsysSNPS0.1% of the fund-9%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- PoolPOOL-100%
- Becton DickinsonBDX-100%
- ZoetisZTS-100%
- FiservFISV-100%
- NetflixNFLX-100%
- IconICLR-100%
- Agnico Eagle MinesAEM-100%
Holdings
- Spdr Series TrustXBI
- Share
- 2.2%
- Value
- $21m
- Shares
- 134,181
Held
- Canadian National RailwayCNI
- Share
- 1.7%
- Value
- $16m
- Shares
- 133,614
Held
- Invesco Exchange Traded FD TRSP
- Share
- 1.6%
- Value
- $15m
- Shares
- 72,831
+3%
- Schwab Strategic TRSCHO
- Share
- 1.2%
- Value
- $11m
- Shares
- 467,341
Held
- Select Sector Spdr TRXLK
- Share
- 1.1%
- Value
- $11m
- Shares
- 55,162
-13%
- Ishares TRUSMV
- Share
- 0.8%
- Value
- $7m
- Shares
- 77,300
-2%
- Ishares TRIGSB
- Share
- 0.6%
- Value
- $6m
- Shares
- 111,774
+12%
- Vanguard World FDVGT
- Share
- 0.4%
- Value
- $4m
- Shares
- 34,992
Held
- Schwab Strategic TRSCHB
- Share
- 0.4%
- Value
- $4m
- Shares
- 139,075
Held
- Vanguard Specialized FundsVIG
- Share
- 0.4%
- Value
- $4m
- Shares
- 16,295
-3%
- Vanguard Index FDSVUG
- Share
- 0.3%
- Value
- $3m
- Shares
- 34,879
Held
- Vanguard Index FDSVTI
- Share
- 0.3%
- Value
- $3m
- Shares
- 7,669
Held
- Vanguard Malvern FDSVTIP
- Share
- 0.2%
- Value
- $2m
- Shares
- 34,697
Held
- Select Sector Spdr TRXLE
- Share
- 0.2%
- Value
- $2m
- Shares
- 31,373
+4%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.2%
- Value
- $2m
- Shares
- 2,133
Held
- Ishares Silver TRSLV
- Share
- 0.1%
- Value
- $1m
- Shares
- 19,000
Held
- Ishares TRSTIP
- Share
- 0.1%
- Value
- $960,304
- Shares
- 9,400
New
- Vanguard Index FDSVO
- Share
- 0.1%
- Value
- $952,318
- Shares
- 11,820
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppleAAPL | 6.9% | $65m | 226,042 | Held |
| AlphabetGOOG | 5.6% | $53m | 149,783 | -4% |
| MicrosoftMSFT | 4.7% | $45m | 120,590 | +3% |
| VisaV | 3.7% | $35m | 103,237 | +2% |
| BlackRockBLK | 3.7% | $35m | 36,515 | Held |
| AlphabetGOOGL | 3.5% | $34m | 94,355 | -4% |
| Marvell TechnologyMRVL | 3.5% | $33m | 111,672 | -9% |
| O'Reilly AutomotiveORLY | 3.2% | $31m | 332,328 | Held |
| Johnson & JohnsonJNJ | 3.2% | $30m | 118,647 | Held |
| Expeditors International of WashingtonEXPD | 2.7% | $26m | 159,685 | Held |
| Thermo Fisher ScientificTMO | 2.7% | $26m | 51,509 | Held |
| EOG ResourcesEOG | 2.4% | $23m | 179,017 | Held |
| Costco WholesaleCOST | 2.3% | $22m | 23,794 | Held |
| Home DepotHD | 2.3% | $22m | 62,411 | Held |
| StrykerSYK | 2.3% | $22m | 68,570 | +5% |
| Spdr Series TrustXBI | 2.2% | $21m | 134,181 | Held |
| Canadian National RailwayCNI | 1.7% | $16m | 133,614 | Held |
| Invesco Exchange Traded FD TRSP | 1.6% | $15m | 72,831 | +3% |
| Analog DevicesADI | 1.6% | $15m | 37,611 | +2% |
| AccentureACN | 1.4% | $13m | 107,951 | -3% |
| Mettler Toledo InternationalMTD | 1.4% | $13m | 10,383 | Held |
| JPMorgan ChaseJPM | 1.4% | $13m | 40,201 | +31% |
| MastercardMA | 1.4% | $13m | 25,310 | Held |
| ExxonMobil HoldingsXOM | 1.2% | $11m | 83,856 | -7% |
| AmetekAME | 1.2% | $11m | 47,384 | Held |
| Rockwell AutomationROK | 1.2% | $11m | 22,910 | +2% |
| Schwab Strategic TRSCHO | 1.2% | $11m | 467,341 | Held |
| Select Sector Spdr TRXLK | 1.1% | $11m | 55,162 | -13% |
| EcolabECL | 1.1% | $10m | 35,957 | Held |
| Procter & GamblePG | 1.0% | $10m | 67,086 | Held |
| Valmont IndustriesVMI | 0.9% | $9m | 14,767 | Held |
| Emerson ElectricEMR | 0.8% | $8m | 54,443 | Held |
| NvidiaNVDA | 0.8% | $8m | 38,622 | Held |
| Ishares TRUSMV | 0.8% | $7m | 77,300 | -2% |
| LindeLIN | 0.7% | $7m | 13,212 | +63% |
| PepsiCoPEP | 0.7% | $7m | 49,554 | Held |
| WeyerhaeuserWY | 0.7% | $7m | 272,920 | Held |
| RBC BearingsRBC | 0.7% | $6m | 9,968 | -5% |
| ChevronCVX | 0.6% | $6m | 36,897 | Held |
| Ishares TRIGSB | 0.6% | $6m | 111,774 | +12% |
| CaterpillarCAT | 0.6% | $6m | 5,387 | +5% |
| Berkshire HathawayBRK-B | 0.6% | $6m | 11,357 | Held |
| NXP SemiconductorsNXPI | 0.6% | $6m | 20,040 | +3% |
| Waste ConnectionsWCN | 0.5% | $5m | 27,178 | Held |
| Waste ManagementWM | 0.4% | $4m | 18,969 | +43% |
| Vanguard World FDVGT | 0.4% | $4m | 34,992 | Held |
| McDonald'sMCD | 0.4% | $4m | 15,089 | +66% |
| Schwab Strategic TRSCHB | 0.4% | $4m | 139,075 | Held |
| TrimbleTRMB | 0.4% | $4m | 76,078 | -2% |
| Vanguard Specialized FundsVIG | 0.4% | $4m | 16,295 | -3% |
| Factset Research SystemsFDS | 0.4% | $3m | 14,896 | -3% |
| ResmedRMD | 0.3% | $3m | 16,582 | -8% |
| Price T Rowe GroupTROW | 0.3% | $3m | 27,496 | -51% |
| RTXRTX | 0.3% | $3m | 16,252 | +6% |
| Amazon.comAMZN | 0.3% | $3m | 12,845 | Held |
| Vanguard Index FDSVUG | 0.3% | $3m | 34,879 | Held |
| Vanguard Index FDSVTI | 0.3% | $3m | 7,669 | Held |
| IdexIEX | 0.3% | $3m | 12,075 | -9% |
| Bio-TechneTECH | 0.3% | $3m | 38,650 | +18% |
| YETI HoldingsYETI | 0.3% | $3m | 52,795 | Held |
| Microchip TechnologyMCHP | 0.3% | $2m | 27,177 | -3% |
| Coca-ColaKO | 0.3% | $2m | 30,049 | Held |
| AmgenAMGN | 0.2% | $2m | 6,448 | Held |
| Sherwin-WilliamsSHW | 0.2% | $2m | 6,725 | Held |
| Enterprise Products Partners L.P.EPD | 0.2% | $2m | 61,858 | Held |
| Eli LillyLLY | 0.2% | $2m | 1,847 | +22% |
| Automatic Data ProcessingADP | 0.2% | $2m | 9,602 | Held |
| W.W. GraingerGWW | 0.2% | $2m | 1,575 | +130% |
| IntelINTC | 0.2% | $2m | 14,956 | Held |
| SyscoSYY | 0.2% | $2m | 23,968 | Held |
| IntuitINTU | 0.2% | $2m | 7,608 | Held |
| Cisco SystemsCSCO | 0.2% | $2m | 16,895 | -45% |
| AbbVieABBV | 0.2% | $2m | 7,581 | Held |
| WalmartWMT | 0.2% | $2m | 16,598 | -3% |
| Permian ResourcesPR | 0.2% | $2m | 101,918 | +5% |
| State StreetSTT | 0.2% | $2m | 11,027 | -2% |
| Church & DwightCHD | 0.2% | $2m | 18,658 | -9% |
| Vanguard Malvern FDSVTIP | 0.2% | $2m | 34,697 | Held |
| Silicon LaboratoriesSLAB | 0.2% | $2m | 7,809 | -9% |
| McCormickMKC | 0.2% | $2m | 33,670 | -10% |
| Select Sector Spdr TRXLE | 0.2% | $2m | 31,373 | +4% |
| American ExpressAXP | 0.2% | $2m | 4,779 | Held |
| State STR Spdr S&P 500 ETF TSPY | 0.2% | $2m | 2,133 | Held |
| AdobeADBE | 0.2% | $2m | 7,678 | Held |
| Colgate-PalmoliveCL | 0.2% | $2m | 16,613 | Held |
| DynatraceDT | 0.1% | $1m | 32,046 | -7% |
| Eastgroup PropertiesEGP | 0.1% | $1m | 6,378 | Held |
| International Business MachinesIBM | 0.1% | $1m | 4,518 | -12% |
| Kinder MorganKMI | 0.1% | $1m | 38,743 | +8% |
| PegasystemsPEGA | 0.1% | $1m | 40,375 | -8% |
| SynopsysSNPS | 0.1% | $1m | 2,578 | -9% |
| MerckMRK | 0.1% | $1m | 8,457 | -4% |
| ValvolineVVV | 0.1% | $1m | 26,154 | -9% |
| TeslaTSLA | 0.1% | $1m | 2,419 | Held |
| Ishares Silver TRSLV | 0.1% | $1m | 19,000 | Held |
| Meta PlatformsMETA | 0.1% | $963,860 | 1,711 | Held |
| Ishares TRSTIP | 0.1% | $960,304 | 9,400 | New |
| Vanguard Index FDSVO | 0.1% | $952,318 | 11,820 | Held |
| NikeNKE | <0.1% | $947,192 | 23,074 | -7% |
| Applied MaterialsAMAT | <0.1% | $907,365 | 1,255 | -11% |
Showing the largest 100 of 193.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 13.0% since 30 June 2025.
Where the money is
Technology22.2%
Financial services12.1%
Industrials11.9%
Health care11.3%
Media & telecom9.3%
Retail & consumer7.1%
Everyday goods5.4%
Energy4.7%
Materials2.2%
Real estate0.9%
Utilities0.8%
Other12.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.