L. Roy Papp & Associates, LLP

CIK

809339

Location

Phoenix, AZ

Portfolio Value

Small $725,758,757

Diversification

Diversified

Filing Date

Global Rank

#2,129 / 8,605 ▼ 14 · as of Mar 2026

Top Industry

Consumer Electronics 8.0%

3Y Alpha vs SPY

-10.6%

Period ended 3 months ago

Filed Apr 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+33.5%

SPY

+76.5%

Annualised alpha

-10.7%

Max drawdown

−18.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

136 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.9%

−0.4 pts

Top 5

27.1%

−2.8 pts

Top 10

45.3%

−3.0 pts

HHI

300

Diversified−26

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	25.4%	$184,555,075	23
Financial Services	14.6%	$105,688,650	15
Healthcare	14.4%	$104,351,813	19
Industrials	13.2%	$96,058,262	23
Consumer Cyclical	8.8%	$63,797,100	13
Energy	7.7%	$55,900,554	9
Consumer Defensive	7.5%	$54,380,425	11
Communication Services	4.1%	$29,854,735	4
Basic Materials	2.3%	$16,783,440	9
Real Estate	1.3%	$9,174,681	3
Unclassified	0.6%	$4,340,135	5
Utilities	0.1%	$873,887	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
LIN	Linde PLC	+5,643	8,113	$4,022,100
DT	Dynatrace, Inc.	+4,740	34,375	$1,271,187
JPM	Jpmorgan Chase & Co	+4,400	30,799	$9,059,833
CSX	Csx Corp	+2,100	11,400	$467,970
MRVL	Marvell Technology, Inc.	+1,974	122,813	$12,164,627
RMD	Resmed Inc	+1,569	18,069	$4,056,129
AME	Ametek Inc/	+1,346	46,717	$10,014,256
PR	Permian Resources Corp	+1,290	97,495	$2,078,593
RTX	RTX Corp	+1,282	15,304	$2,952,141
KO	Coca Cola Co	+1,055	30,035	$2,284,161
NEE	Nextera Energy Inc	+950	5,546	$515,112
MCD	Mcdonalds Corp	+935	9,098	$2,827,567
SYK	Stryker Corp	+866	65,547	$21,538,088
INTC	Intel Corp	+500	14,956	$660,008
VMI	Valmont Industries Inc	+445	14,951	$5,973,971
STT	State Street Corp	+405	11,277	$1,427,217
NOC	Northrop Grumman Corp /De/	+400	832	$567,623
KMI	Kinder Morgan, Inc.	+380	35,794	$1,200,172
BRK-B	Berkshire Hathaway Inc	+255	11,552	$5,535,718
DUK	Duke Energy CORP	+250	2,740	$358,775
TRMB	Trimble Inc.	+190	77,991	$5,087,352
GWW	W.W. Grainger, Inc.	+186	684	$746,114
FSLR	First Solar, Inc.	+173	2,915	$575,012
SPY	Spdr S&P 500 ETF Trust	+171	2,154	$1,400,832
CVX	Chevron Corp	+162	37,165	$7,689,438
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TROW	Price T Rowe Group Inc	−12,446	55,784	$5,028,369
ORLY	O Reilly Automotive Inc	−9,382	332,865	$30,726,768
GOOGL	Alphabet Inc.	−8,373	98,138	$28,220,563
AAPL	Apple Inc.	−6,819	227,124	$57,641,799
FISV	Fiserv Inc	−5,575	4,442	$247,863
NKE	NIKE, Inc.	−4,144	24,728	$1,306,132
EOG	Eog Resources Inc	−2,857	179,961	$26,016,961
EXPD	Expeditors International Of Washington Inc	−2,276	160,765	$23,026,370
FDS	Factset Research Systems Inc	−2,193	15,381	$3,337,523
ADI	Analog Devices Inc	−1,820	36,789	$11,704,052
RBC	RBC Bearings INC	−1,714	10,457	$5,679,405
ICLR	Icon PLC	−1,685	1,864	$206,270
ECL	Ecolab Inc.	−1,212	35,254	$9,378,269
JNJ	Johnson & Johnson	−1,155	117,203	$28,649,101
ACN	Accenture plc	−1,067	111,449	$22,099,222
NXPI	NXP Semiconductors N.V.	−970	19,528	$3,844,282
COST	Costco Wholesale Corp /New	−790	23,840	$23,754,891
TMO	Thermo Fisher Scientific Inc.	−714	50,802	$24,970,707
MKC	Mccormick & Co Inc	−640	37,402	$1,886,556
DVN	Devon Energy Corp/De	−596	8,124	$408,799
AMAT	Applied Materials Inc /De	−565	1,405	$480,214
ORCL	Oracle Corp	−515	7,906	$1,163,051
INTU	Intuit Inc.	−448	7,676	$3,318,948
PEP	Pepsico Inc	−441	48,823	$7,581,723
BLK	BlackRock, Inc.	−425	36,017	$34,637,909
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
PSX	Phillips 66	1,379	$251,226
NFLX	Netflix Inc	2,220	$213,453
APD	Air Products & Chemicals, Inc.	706	$205,085
AEM	Agnico Eagle Mines Ltd	1,000	$202,980
STRL	Sterling Infrastructure, Inc.	497	$202,413
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
FHN	First Horizon Corp	23,341	$557,849
UPS	United Parcel Service Inc	2,880	$285,667
COF	Capital One Financial Corp	952	$230,726
BBSI	Barrett Business Services Inc	5,630	$203,862
MELI	Mercadolibre Inc	100	$201,426
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

136 positions · $725,758,757 total · as of Mar 31, 2026

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

Showing 1–50 of 136 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	227,124	-6,819	$57,641,799	−9.4%	7.94%
MSFT	Microsoft Corp Technology	Reduced	117,221	-68	$43,391,697	−23.5%	5.98%
BLK	BlackRock, Inc. Financial Services	Reduced	36,017	-425	$34,637,909	−11.2%	4.77%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	332,865	-9,382	$30,726,768	−1.6%	4.23%
V	Visa Inc. Financial Services	Reduced	101,168	-251	$30,577,016	−14.0%	4.21%
JNJ	Johnson & Johnson Healthcare	Reduced	117,203	-1,155	$28,649,101	+17.0%	3.95%
GOOGL	Alphabet Inc. Communication Services	Reduced	98,138	-8,373	$28,220,563	−15.4%	3.89%
EOG	Eog Resources Inc Energy	Reduced	179,961	-2,857	$26,016,961	+35.5%	3.58%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	50,802	-714	$24,970,707	−16.3%	3.44%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	23,840	-790	$23,754,891	+11.8%	3.27%
EXPD	Expeditors International Of Washington Inc Industrials	Reduced	160,765	-2,276	$23,026,370	−5.2%	3.17%
ACN	Accenture plc Technology	Reduced	111,449	-1,067	$22,099,222	−26.8%	3.04%
SYK	Stryker Corp Healthcare	Added	65,547	+866	$21,538,088	−5.3%	2.97%
HD	Home Depot, Inc. Consumer Cyclical	Added	62,153	+142	$20,441,500	−4.2%	2.82%
XOM	Exxon Mobil Corp Energy	Added	90,103	+142	$15,286,874	+41.2%	2.11%
CNI	Canadian National Railway Co Industrials	Reduced	131,499	-225	$13,514,152	+3.8%	1.86%
MTD	Mettler Toledo International Inc/ Healthcare	Reduced	10,450	-185	$13,179,540	−11.1%	1.82%
MA	Mastercard Inc Financial Services	Reduced	25,291	-180	$12,636,901	−13.1%	1.74%
MRVL	Marvell Technology, Inc. Technology	Added	122,813	+1,974	$12,164,627	+18.5%	1.68%
ADI	Analog Devices Inc Technology	Reduced	36,789	-1,820	$11,704,052	+11.8%	1.61%
AME	Ametek Inc/ Industrials	Added	46,717	+1,346	$10,014,256	+7.5%	1.38%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	66,249	+26	$9,569,005	+0.8%	1.32%
ECL	Ecolab Inc. Basic Materials	Reduced	35,254	-1,212	$9,378,269	−2.0%	1.29%
JPM	Jpmorgan Chase & Co Financial Services	Added	30,799	+4,400	$9,059,833	+6.5%	1.25%
ROK	Rockwell Automation, Inc Industrials	Reduced	22,376	-92	$8,030,298	−8.1%	1.11%
CVX	Chevron Corp Energy	Added	37,165	+162	$7,689,438	+36.3%	1.06%
PEP	Pepsico Inc Consumer Defensive	Reduced	48,823	-441	$7,581,723	+7.2%	1.04%
EMR	Emerson Electric Co Industrials	Added	54,279	+76	$7,111,634	−1.1%	0.98%
NVDA	Nvidia Corp Technology	Reduced	38,566	-65	$6,725,910	−6.6%	0.93%
WY	Weyerhaeuser Co Real Estate	Held	272,920	0	$6,667,435	+3.1%	0.92%
VMI	Valmont Industries Inc Industrials	Added	14,951	+445	$5,973,971	+2.4%	0.82%
RBC	RBC Bearings INC Industrials	Reduced	10,457	-1,714	$5,679,405	+4.1%	0.78%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	11,552	+255	$5,535,718	−2.5%	0.76%
TRMB	Trimble Inc. Technology	Added	77,991	+190	$5,087,352	−16.5%	0.70%
TROW	Price T Rowe Group Inc Financial Services	Reduced	55,784	-12,446	$5,028,369	−28.0%	0.69%
WCN	Waste Connections, Inc. Industrials	Held	27,178	0	$4,414,794	−7.4%	0.61%
RMD	Resmed Inc Healthcare	Added	18,069	+1,569	$4,056,129	+2.1%	0.56%
LIN	Linde PLC Basic Materials	Added	8,113	+5,643	$4,022,100	+281.9%	0.55%
NXPI	NXP Semiconductors N.V. Technology	Reduced	19,528	-970	$3,844,282	−13.6%	0.53%
CAT	Caterpillar Inc Industrials	Reduced	5,117	-1	$3,625,189	+23.6%	0.50%
FDS	Factset Research Systems Inc Financial Services	Reduced	15,381	-2,193	$3,337,523	−34.6%	0.46%
INTU	Intuit Inc. Technology	Reduced	7,676	-448	$3,318,948	−38.3%	0.46%
WM	Waste Management Inc Industrials	Added	13,312	+100	$3,058,964	+5.4%	0.42%
RTX	RTX Corp Industrials	Added	15,304	+1,282	$2,952,141	+14.8%	0.41%
MCD	Mcdonalds Corp Consumer Cyclical	Added	9,098	+935	$2,827,567	+13.3%	0.39%
AMZN	Amazon Com Inc Consumer Cyclical	Added	12,799	+48	$2,665,647	−9.4%	0.37%
IEX	Idex Corp /De/ Industrials	Reduced	13,289	-120	$2,518,929	+5.6%	0.35%
CSCO	Cisco Systems, Inc. Technology	Added	30,895	+100	$2,397,143	+1.1%	0.33%
EPD	Enterprise Products Partners L.P. Energy	Added	61,858	+13	$2,340,706	+18.1%	0.32%
KO	Coca Cola Co Consumer Defensive	Added	30,035	+1,055	$2,284,161	+12.7%	0.31%