L. Roy Papp & Associates, LLP

CIK

809339

Location

Phoenix, AZ

Portfolio Value

Small $786,849,551

Diversification

Diversified

Filing Date

Global Rank

#2,174 / 8,517 ▼ 57

Top Industry

Semiconductors 8.8%

3Y Alpha vs SPY

+13.6%

Period ended 46 days ago

Filed Jul 23, 2026 · 23d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+139.9%

SPY

+75.3%

Annualised alpha

+13.3%

Max drawdown

−18.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

142 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.3%

−1.1 pts

Top 5

27.3%

−3.6 pts

Top 10

45.8%

−2.3 pts

HHI

303

Diversified−36

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	27.1%	$212,862,725	28
Industrials	14.7%	$115,754,855	25
Financial Services	14.6%	$114,842,095	16
Healthcare	13.6%	$107,267,393	17
Consumer Cyclical	8.6%	$67,564,868	14
Consumer Defensive	6.6%	$51,743,763	12
Energy	6.0%	$47,342,948	9
Communication Services	4.5%	$35,083,257	3
Basic Materials	2.6%	$20,845,277	9
Real Estate	1.1%	$8,674,756	3
Unclassified	0.5%	$4,041,825	4
Utilities	0.1%	$825,789	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
JPM	Jpmorgan Chase & Co	+9,402	40,201	$13,158,993
MCD	Mcdonalds Corp	+5,991	15,089	$4,078,707
TECH	BIO-TECHNE Corp	+5,909	38,650	$2,730,622
WM	Waste Management Inc	+5,657	18,969	$4,227,810
LIN	Linde PLC	+5,099	13,212	$6,856,235
PR	Permian Resources Corp	+4,423	101,918	$1,876,310
MSFT	Microsoft Corp	+3,369	120,590	$44,982,481
SYK	Stryker Corp	+3,023	68,570	$21,588,578
KMI	Kinder Morgan, Inc.	+2,949	38,743	$1,238,613
CNI	Canadian National Railway Co	+2,115	133,614	$15,932,133
V	Visa Inc.	+2,069	103,237	$35,419,582
JNJ	Johnson & Johnson	+1,444	118,647	$30,132,778
RTX	RTX Corp	+948	16,252	$3,083,491
GWW	W.W. Grainger, Inc.	+891	1,575	$2,142,630
PG	PROCTER & GAMBLE Co	+837	67,086	$9,837,491
ADI	Analog Devices Inc	+822	37,611	$14,937,960
PEP	Pepsico Inc	+731	49,554	$6,709,611
TMO	Thermo Fisher Scientific Inc.	+707	51,509	$25,824,552
ECL	Ecolab Inc.	+703	35,957	$10,017,979
AME	Ametek Inc/	+667	47,384	$11,464,084
DVN	Devon Energy Corp/De	+549	8,673	$358,368
ROK	Rockwell Automation, Inc	+534	22,910	$11,342,282
NXPI	NXP Semiconductors N.V.	+512	20,040	$5,631,841
BLK	BlackRock, Inc.	+498	36,515	$35,111,363
LLY	ELI LILLY & Co	+330	1,847	$2,215,347
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−159,985	94,355	$33,719,646
TROW	Price T Rowe Group Inc	−28,288	27,496	$3,126,020
CSCO	Cisco Systems, Inc.	−14,000	16,895	$1,984,486
MRVL	Marvell Technology, Inc.	−11,141	111,672	$33,265,972
XOM	ExxonMobil Holdings Corp	−6,247	83,856	$11,464,792
CLX	Clorox Co /De/	−4,971	8,716	$831,855
MKC	Mccormick & Co Inc	−3,732	33,670	$1,697,641
PEGA	Pegasystems Inc	−3,698	40,375	$1,210,038
ACN	Accenture plc	−3,498	107,951	$13,433,422
CSGP	Costar Group, Inc.	−2,899	29,990	$849,316
VVV	Valvoline Inc	−2,626	26,154	$1,034,129
ORCL	Oracle Corp	−2,446	5,460	$800,163
DT	Dynatrace, Inc.	−2,329	32,046	$1,407,139
TRMB	Trimble Inc.	−1,913	76,078	$3,893,672
CHD	Church & Dwight Co Inc /De/	−1,882	18,658	$1,807,587
NKE	NIKE, Inc.	−1,654	23,074	$947,187
HON	Honeywell International Inc	−1,651	1,652	$369,882
RMD	Resmed Inc	−1,487	16,582	$3,231,500
IEX	Idex Corp /De/	−1,214	12,075	$2,740,421
AAPL	Apple Inc.	−1,082	226,042	$65,407,513
EXPD	Expeditors International Of Washington Inc	−1,080	159,685	$26,025,461
EOG	Eog Resources Inc	−944	179,017	$23,223,875
MCHP	Microchip Technology Inc	−875	27,177	$2,478,542
SLAB	Silicon Laboratories Inc.	−766	7,809	$1,706,735
IBM	International Business Machines Corp	−625	4,518	$1,270,506
No positions match the current search.

New Positions

Positions the filer opened this quarter

13 positions

Ticker	Company	Shares	Value
AGYS	Agilysys Inc	5,445	$569,002
WDFC	Wd 40 Co	2,230	$543,317
HONA	Honeywell Aerospace Inc.	1,648	$363,878
AMD	Advanced Micro Devices Inc	609	$353,774
MELI	Mercadolibre Inc	145	$246,121
TSM	Taiwan Semiconductor Manufacturing Co Ltd	515	$245,948
AVGO	Broadcom Inc.	607	$229,294
PANW	Palo Alto Networks Inc	611	$208,363
KMB	Kimberly Clark Corp	1,892	$207,684
ETN	Eaton Corp plc	486	$207,094
HCI	HCI Group, Inc.	1,180	$206,795
INDV	Indivior Pharmaceuticals, Inc.	5,000	$205,150
TT	Trane Technologies plc	410	$201,375
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
VIG	Vanguard Dividend Appreciation ETF	16,745	$3,601,179
POOL	Pool Corp	2,637	$533,544
VXF	Vanguard Extended Market ETF	2,510	$516,558
BDX	Becton Dickinson & Co	2,453	$385,685
VB	Vanguard Morningstar Small-Cap ETF	1,257	$329,233
VXUS	Vanguard Total International Stock ETF	3,854	$297,181
ZTS	Zoetis Inc.	2,221	$262,544
FISV	Fiserv Inc	4,442	$247,863
NFLX	Netflix Inc	2,220	$213,453
ICLR	Icon PLC	1,864	$206,270
AEM	Agnico Eagle Mines Ltd	1,000	$202,980
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

142 tracked positions · $786,849,551 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 142 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	226,042	-1,082	$65,407,513	+13.5%	8.31%
MSFT	Microsoft Corp Technology	Added	120,590	+3,369	$44,982,481	+3.7%	5.72%
V	Visa Inc. Financial Services	Added	103,237	+2,069	$35,419,582	+15.8%	4.50%
BLK	BlackRock, Inc. Financial Services	Added	36,515	+498	$35,111,363	+1.4%	4.46%
GOOGL	Alphabet Inc. Communication Services	Reduced	94,355	-159,985	$33,719,646	−53.8%	4.29%
MRVL	Marvell Technology, Inc. Technology	Reduced	111,672	-11,141	$33,265,972	+173.5%	4.23%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	332,328	-537	$30,604,085	−0.4%	3.89%
JNJ	Johnson & Johnson Healthcare	Added	118,647	+1,444	$30,132,778	+5.2%	3.83%
EXPD	Expeditors International Of Washington Inc Industrials	Reduced	159,685	-1,080	$26,025,461	+13.0%	3.31%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	51,509	+707	$25,824,552	+3.4%	3.28%
EOG	Eog Resources Inc Energy	Reduced	179,017	-944	$23,223,875	−10.7%	2.95%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	23,794	-46	$22,258,573	−6.3%	2.83%
HD	Home Depot, Inc. Consumer Cyclical	Added	62,411	+258	$22,011,111	+7.7%	2.80%
SYK	Stryker Corp Healthcare	Added	68,570	+3,023	$21,588,578	+0.2%	2.74%
CNI	Canadian National Railway Co Industrials	Added	133,614	+2,115	$15,932,133	+17.9%	2.02%
ADI	Analog Devices Inc Technology	Added	37,611	+822	$14,937,960	+27.6%	1.90%
ACN	Accenture plc Technology	Reduced	107,951	-3,498	$13,433,422	−39.2%	1.71%
MTD	Mettler Toledo International Inc/ Healthcare	Reduced	10,383	-67	$13,264,386	+0.6%	1.69%
JPM	Jpmorgan Chase & Co Financial Services	Added	40,201	+9,402	$13,158,993	+45.2%	1.67%
MA	Mastercard Inc Financial Services	Added	25,310	+19	$12,999,216	+2.9%	1.65%
XOM	ExxonMobil Holdings Corp Energy	Reduced	83,856	-6,247	$11,464,792	−25.0%	1.46%
AME	Ametek Inc/ Industrials	Added	47,384	+667	$11,464,084	+14.5%	1.46%
ROK	Rockwell Automation, Inc Industrials	Added	22,910	+534	$11,342,282	+41.2%	1.44%
ECL	Ecolab Inc. Basic Materials	Added	35,957	+703	$10,017,979	+6.8%	1.27%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	67,086	+837	$9,837,491	+2.8%	1.25%
VMI	Valmont Industries Inc Industrials	Reduced	14,767	-184	$8,529,419	+42.8%	1.08%
EMR	Emerson Electric Co Industrials	Added	54,443	+164	$7,793,515	+9.6%	0.99%
NVDA	Nvidia Corp Technology	Added	38,622	+56	$7,727,875	+14.9%	0.98%
LIN	Linde PLC Basic Materials	Added	13,212	+5,099	$6,856,235	+70.5%	0.87%
PEP	Pepsico Inc Consumer Defensive	Added	49,554	+731	$6,709,611	−11.5%	0.85%
WY	Weyerhaeuser Co Real Estate	Held	272,920	0	$6,533,704	−2.0%	0.83%
RBC	RBC Bearings INC Industrials	Reduced	9,968	-489	$6,419,990	+13.0%	0.82%
CVX	Chevron Corp Energy	Reduced	36,897	-268	$6,116,046	−20.5%	0.78%
CAT	Caterpillar Inc Industrials	Added	5,387	+270	$5,736,616	+58.2%	0.73%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	11,357	-195	$5,682,929	+2.7%	0.72%
NXPI	NXP Semiconductors N.V. Technology	Added	20,040	+512	$5,631,841	+46.5%	0.72%
WCN	Waste Connections, Inc. Industrials	Held	27,178	0	$4,530,300	+2.6%	0.58%
WM	Waste Management Inc Industrials	Added	18,969	+5,657	$4,227,810	+38.2%	0.54%
MCD	Mcdonalds Corp Consumer Cyclical	Added	15,089	+5,991	$4,078,707	+44.2%	0.52%
TRMB	Trimble Inc. Technology	Reduced	76,078	-1,913	$3,893,672	−23.5%	0.49%
FDS	Factset Research Systems Inc Financial Services	Reduced	14,896	-485	$3,427,271	+2.7%	0.44%
RMD	Resmed Inc Healthcare	Reduced	16,582	-1,487	$3,231,500	−20.3%	0.41%
TROW	Price T Rowe Group Inc Financial Services	Reduced	27,496	-28,288	$3,126,020	−37.8%	0.40%
RTX	RTX Corp Industrials	Added	16,252	+948	$3,083,491	+4.4%	0.39%
AMZN	Amazon Com Inc Consumer Cyclical	Added	12,845	+46	$3,061,477	+14.8%	0.39%
IEX	Idex Corp /De/ Industrials	Reduced	12,075	-1,214	$2,740,421	+8.8%	0.35%
TECH	BIO-TECHNE Corp Healthcare	Added	38,650	+5,909	$2,730,622	+59.6%	0.35%
YETI	YETI Holdings, Inc. Consumer Cyclical	Reduced	52,795	-305	$2,616,520	+34.7%	0.33%
MCHP	Microchip Technology Inc Technology	Reduced	27,177	-875	$2,478,542	+36.8%	0.31%
KO	Coca Cola Co Consumer Defensive	Added	30,049	+14	$2,442,082	+6.9%	0.31%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.