L. Roy Papp & Associates, LLP

13F filer · CIK 0000809339

Reported Jul 23, 2026

Net buyer this quarter

13F portfolio value$951MU.S. long equity reported on 13F

Positions14712 new · 7 closed

Net flow last quarter+$676KBuys minus sells

Top 10 positions weight40.7%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 23, 2026147 positions
AAPLApple Inc.	$65.4M	6.88%	0.00%	-0.5%	Q2 2013
GOOGAlphabet Inc.	$52.9M	5.56%	Not reported	-4.1%	Q4 2015
MSFTMicrosoft Corp	$45M	4.73%	0.00%	+2.9%	Q2 2013
VVisa Inc.	$35.4M	3.72%	0.01%	+2.1%	Q2 2013
BLKBlackRock, Inc.	$35.1M	3.69%	0.02%	+1.4%	Q2 2013
GOOGLAlphabet Inc.	$33.7M	3.54%	0.00%	-3.9%	Q4 2015
MRVLMarvell Technology, Inc.	$33.3M	3.50%	0.01%	-9.1%	Q4 2020
ORLYO Reilly Automotive Inc	$30.6M	3.22%	0.04%	-0.2%	Q2 2013
JNJJohnson & Johnson	$30.1M	3.17%	0.00%	+1.2%	Q2 2013
EXPDExpeditors International of Washington Inc	$26M	2.74%	0.12%	-0.7%	Q2 2013
TMOThermo Fisher Scientific Inc.	$25.8M	2.71%	0.01%	+1.4%	Q1 2015
EOGEog Resources Inc	$23.2M	2.44%	0.03%	-0.5%	Q2 2013
COSTCostco Wholesale Corp	$22.3M	2.34%	0.01%	-0.2%	Q2 2013
HDHome Depot, Inc.	$22M	2.31%	0.01%	+0.4%	Q2 2013
SYKStryker Corp	$21.6M	2.27%	0.02%	+4.6%	Q2 2013
CNICanadian National Railway Co	$15.9M	1.67%	0.02%	+1.6%	Q2 2013
ADIAnalog Devices Inc	$14.9M	1.57%	0.01%	+2.2%	Q1 2017
ACNAccenture plc	$13.4M	1.41%	0.02%	-3.1%	Q2 2013
MTDMettler Toledo International Inc/	$13.3M	1.39%	0.05%	-0.6%	Q2 2013
JPMJPMorgan Chase & Co	$13.2M	1.38%	0.00%	+30.5%	Q4 2014
MAMastercard Inc	$13M	1.37%	0.00%	+0.1%	Q2 2013
XOMExxonMobil Holdings Corp	$11.5M	1.21%	0.00%	-6.9%	Q2 2013
AMEAmetek Inc/	$11.5M	1.20%	0.02%	+1.4%	Q2 2013
ROKRockwell Automation, Inc	$11.3M	1.19%	0.02%	+2.4%	Q3 2018
ECLEcolab Inc.	$10M	1.05%	0.01%	+2.0%	Q2 2013
PGPROCTER & GAMBLE Co	$9.84M	1.03%	0.00%	+1.3%	Q2 2013
VMIValmont Industries Inc	$8.53M	0.90%	0.08%	-1.2%	Q2 2013
EMREmerson Electric Co	$7.79M	0.82%	0.01%	+0.3%	Q2 2013
NVDANvidia Corp	$7.73M	0.81%	0.00%	+0.2%	Q4 2016
LINLinde PLC	$6.86M	0.72%	0.00%	+62.9%	Q4 2018
PEPPepsico Inc	$6.71M	0.71%	0.00%	+1.5%	Q2 2013
WYWeyerhaeuser Co	$6.53M	0.69%	0.04%	Not reported	Q2 2019
RBCRBC Bearings INC	$6.42M	0.67%	0.03%	-4.7%	Q1 2018
CVXChevron Corp	$6.12M	0.64%	0.00%	-0.7%	Q2 2013
CATCaterpillar Inc	$5.74M	0.60%	0.00%	+5.3%	Q2 2013
BRK.BBerkshire Hathaway Inc	$5.68M	0.60%	Not reported	-1.7%	Q4 2013
NXPINXP Semiconductors N.V.	$5.63M	0.59%	0.01%	+2.6%	Q3 2014
WCNWaste Connections, Inc.	$4.53M	0.48%	0.01%	Not reported	Q2 2013
WMWaste Management Inc	$4.23M	0.44%	0.00%	+42.5%	Q2 2013
MCDMcdonalds Corp	$4.08M	0.43%	0.00%	+65.9%	Q2 2013
TRMBTrimble Inc.	$3.89M	0.41%	0.03%	-2.5%	Q2 2013
FDSFactset Research Systems Inc	$3.43M	0.36%	0.04%	-3.2%	Q2 2013
RMDResmed Inc	$3.23M	0.34%	0.01%	-8.2%	Q2 2013
TROWPrice T Rowe Group Inc	$3.13M	0.33%	0.01%	-50.7%	Q2 2013
RTXRTX Corp	$3.08M	0.32%	0.00%	+6.2%	Q2 2020
AMZNAmazon Com Inc	$3.06M	0.32%	0.00%	+0.4%	Q4 2015
IEXIdex Corp	$2.74M	0.29%	0.02%	-9.1%	Q2 2013
TECHBIO-TECHNE Corp	$2.73M	0.29%	0.02%	+18.1%	Q4 2014
YETIYETI Holdings, Inc.	$2.62M	0.28%	0.07%	-0.6%	Q4 2021
MCHPMicrochip Technology Inc	$2.48M	0.26%	0.01%	-3.1%	Q2 2013

Q1 2026Reported Apr 14, 2026141 positions
AAPLApple Inc.	$57.6M	6.65%	0.00%	-2.9%	Q2 2013
GOOGAlphabet Inc.	$44.8M	5.17%	Not reported	-7.1%	Q4 2015
MSFTMicrosoft Corp	$43.4M	5.00%	0.00%	-0.1%	Q2 2013
BLKBlackRock, Inc.	$34.6M	3.99%	0.02%	-1.2%	Q2 2013
ORLYO Reilly Automotive Inc	$30.7M	3.54%	0.04%	-2.7%	Q2 2013
VVisa Inc.	$30.6M	3.53%	0.01%	-0.3%	Q2 2013
JNJJohnson & Johnson	$28.6M	3.30%	0.00%	-1.0%	Q2 2013
GOOGLAlphabet Inc.	$28.2M	3.25%	0.00%	-7.9%	Q4 2015
EOGEog Resources Inc	$26M	3.00%	0.03%	-1.6%	Q2 2013
TMOThermo Fisher Scientific Inc.	$25M	2.88%	0.01%	-1.4%	Q1 2015
COSTCostco Wholesale Corp	$23.8M	2.74%	0.01%	-3.2%	Q2 2013
EXPDExpeditors International of Washington Inc	$23M	2.65%	0.12%	-1.4%	Q2 2013
ACNAccenture plc	$22.1M	2.55%	0.02%	-1.0%	Q2 2013
SYKStryker Corp	$21.5M	2.48%	0.02%	+1.3%	Q2 2013
HDHome Depot, Inc.	$20.4M	2.36%	0.01%	+0.2%	Q2 2013
XOMExxonMobil Holdings Corp	$15.3M	1.76%	0.00%	+0.2%	Q2 2013
CNICanadian National Railway Co	$13.5M	1.56%	0.02%	-0.2%	Q2 2013
MTDMettler Toledo International Inc/	$13.2M	1.52%	0.05%	-1.7%	Q2 2013
MAMastercard Inc	$12.6M	1.46%	0.00%	-0.7%	Q2 2013
MRVLMarvell Technology, Inc.	$12.2M	1.40%	0.01%	+1.6%	Q4 2020
ADIAnalog Devices Inc	$11.7M	1.35%	0.01%	-4.7%	Q1 2017
AMEAmetek Inc/	$10M	1.15%	0.02%	+3.0%	Q2 2013
PGPROCTER & GAMBLE Co	$9.57M	1.10%	0.00%	0.0%	Q2 2013
ECLEcolab Inc.	$9.38M	1.08%	0.01%	-3.3%	Q2 2013
JPMJPMorgan Chase & Co	$9.06M	1.04%	0.00%	+16.7%	Q4 2014
ROKRockwell Automation, Inc	$8.03M	0.93%	0.02%	-0.4%	Q3 2018
CVXChevron Corp	$7.69M	0.89%	0.00%	+0.4%	Q2 2013
PEPPepsico Inc	$7.58M	0.87%	0.00%	-0.9%	Q2 2013
EMREmerson Electric Co	$7.11M	0.82%	0.01%	+0.1%	Q2 2013
NVDANvidia Corp	$6.73M	0.78%	0.00%	-0.2%	Q4 2016
WYWeyerhaeuser Co	$6.67M	0.77%	0.04%	Not reported	Q2 2019
VMIValmont Industries Inc	$5.97M	0.69%	0.08%	+3.1%	Q2 2013
RBCRBC Bearings INC	$5.68M	0.65%	0.03%	-14.1%	Q1 2018
BRK.BBerkshire Hathaway Inc	$5.54M	0.64%	Not reported	+2.3%	Q4 2013
TRMBTrimble Inc.	$5.09M	0.59%	0.03%	+0.2%	Q2 2013
TROWPrice T Rowe Group Inc	$5.03M	0.58%	0.03%	-18.2%	Q2 2013
WCNWaste Connections, Inc.	$4.41M	0.51%	0.01%	Not reported	Q2 2013
RMDResmed Inc	$4.06M	0.47%	0.01%	+9.5%	Q2 2013
LINLinde PLC	$4.02M	0.46%	0.00%	+228.5%	Q4 2018
NXPINXP Semiconductors N.V.	$3.84M	0.44%	0.01%	-4.7%	Q3 2014
CATCaterpillar Inc	$3.63M	0.42%	0.00%	0.0%	Q2 2013
FDSFactset Research Systems Inc	$3.34M	0.38%	0.04%	-12.5%	Q2 2013
INTUIntuit Inc.	$3.32M	0.38%	0.00%	-5.5%	Q1 2019
WMWaste Management Inc	$3.06M	0.35%	0.00%	+0.8%	Q2 2013
RTXRTX Corp	$2.95M	0.34%	0.00%	+9.1%	Q2 2020
MCDMcdonalds Corp	$2.83M	0.33%	0.00%	+11.5%	Q2 2013
AMZNAmazon Com Inc	$2.67M	0.31%	0.00%	+0.4%	Q4 2015
IEXIdex Corp	$2.52M	0.29%	0.02%	-0.9%	Q2 2013
CSCOCisco Systems, Inc.	$2.4M	0.28%	0.00%	+0.3%	Q2 2013
EPDEnterprise Products Partners L.P.	$2.34M	0.27%	0.00%	0.0%	Q1 2018

Q4 2025Reported Jan 28, 2026141 positions
AAPLApple Inc.	$63.6M	7.03%	0.00%	-1.8%	Q2 2013
MSFTMicrosoft Corp	$56.7M	6.27%	0.00%	-1.5%	Q2 2013
GOOGAlphabet Inc.	$52.8M	5.83%	Not reported	-3.3%	Q4 2015
BLKBlackRock, Inc.	$39M	4.31%	0.02%	-1.1%	Q2 2013
VVisa Inc.	$35.6M	3.93%	0.01%	-1.1%	Q2 2013
GOOGLAlphabet Inc.	$33.3M	3.69%	0.00%	-3.9%	Q4 2015
ORLYO Reilly Automotive Inc	$31.2M	3.45%	0.04%	-2.2%	Q2 2013
ACNAccenture plc	$30.2M	3.34%	0.02%	-0.5%	Q2 2013
TMOThermo Fisher Scientific Inc.	$29.9M	3.30%	0.01%	-0.1%	Q1 2015
JNJJohnson & Johnson	$24.5M	2.71%	0.00%	-0.2%	Q2 2013
EXPDExpeditors International of Washington Inc	$24.3M	2.69%	0.12%	-0.9%	Q2 2013
SYKStryker Corp	$22.7M	2.51%	0.02%	+1.1%	Q2 2013
HDHome Depot, Inc.	$21.3M	2.36%	0.01%	+1.6%	Q2 2013
COSTCostco Wholesale Corp	$21.2M	2.35%	0.01%	-5.7%	Q2 2013
EOGEog Resources Inc	$19.2M	2.12%	0.03%	-1.8%	Q2 2013
MTDMettler Toledo International Inc/	$14.8M	1.64%	0.05%	-1.1%	Q2 2013
MAMastercard Inc	$14.5M	1.61%	0.00%	+0.7%	Q2 2013
CNICanadian National Railway Co	$13M	1.44%	0.02%	-2.1%	Q2 2013
XOMExxonMobil Holdings Corp	$10.8M	1.20%	0.00%	-0.7%	Q2 2013
ADIAnalog Devices Inc	$10.5M	1.16%	0.01%	-0.2%	Q1 2017
MRVLMarvell Technology, Inc.	$10.3M	1.14%	0.01%	-1.0%	Q4 2020
ECLEcolab Inc.	$9.57M	1.06%	0.01%	-0.1%	Q2 2013
PGPROCTER & GAMBLE Co	$9.49M	1.05%	0.00%	-0.1%	Q2 2013
AMEAmetek Inc/	$9.32M	1.03%	0.02%	+3.9%	Q2 2013
ROKRockwell Automation, Inc	$8.74M	0.97%	0.02%	+1.1%	Q3 2018
JPMJPMorgan Chase & Co	$8.51M	0.94%	0.00%	+2.6%	Q4 2014
NVDANvidia Corp	$7.2M	0.80%	0.00%	+6.9%	Q4 2016
EMREmerson Electric Co	$7.19M	0.80%	0.01%	-1.1%	Q2 2013
PEPPepsico Inc	$7.07M	0.78%	0.00%	0.0%	Q2 2013
TROWPrice T Rowe Group Inc	$6.99M	0.77%	0.03%	-24.9%	Q2 2013
WYWeyerhaeuser Co	$6.47M	0.71%	0.04%	Not reported	Q2 2019
TRMBTrimble Inc.	$6.1M	0.67%	0.03%	+0.4%	Q2 2013
VMIValmont Industries Inc	$5.84M	0.65%	0.07%	+3.6%	Q2 2013
BRK.BBerkshire Hathaway Inc	$5.68M	0.63%	Not reported	+1.0%	Q4 2013
CVXChevron Corp	$5.64M	0.62%	0.00%	+0.8%	Q2 2013
RBCRBC Bearings INC	$5.46M	0.60%	0.04%	+0.1%	Q1 2018
INTUIntuit Inc.	$5.38M	0.59%	0.00%	+1.5%	Q1 2019
FDSFactset Research Systems Inc	$5.1M	0.56%	0.05%	-1.8%	Q2 2013
WCNWaste Connections, Inc.	$4.77M	0.53%	0.01%	Not reported	Q2 2013
NXPINXP Semiconductors N.V.	$4.45M	0.49%	0.01%	Not reported	Q3 2014
RMDResmed Inc	$3.97M	0.44%	0.01%	+20.9%	Q2 2013
AMZNAmazon Com Inc	$2.94M	0.33%	0.00%	+0.2%	Q4 2015
CATCaterpillar Inc	$2.93M	0.32%	0.00%	+2.7%	Q2 2013
WMWaste Management Inc	$2.9M	0.32%	0.00%	-1.4%	Q2 2013
ADBEAdobe Inc.	$2.72M	0.30%	0.00%	-2.0%	Q2 2013
PEGAPegasystems Inc	$2.65M	0.29%	0.03%	Not reported	Q2 2015
MKCMccormick & Co Inc	$2.59M	0.29%	Not reported	Not reported	Q2 2013
RTXRTX Corp	$2.57M	0.28%	0.00%	+1.9%	Q2 2020
MCDMcdonalds Corp	$2.49M	0.28%	0.00%	-1.4%	Q2 2013
ADPAutomatic Data Processing Inc	$2.47M	0.27%	0.00%	Not reported	Q2 2013

Q3 2025Reported Oct 9, 2025143 positions
MSFTMicrosoft Corp	$61.7M	6.93%	0.00%	-1.0%	Q2 2013
AAPLApple Inc.	$60.6M	6.82%	0.00%	-1.1%	Q2 2013
BLKBlackRock, Inc.	$42.9M	4.83%	0.02%	-1.5%	Q2 2013
GOOGAlphabet Inc.	$42.3M	4.76%	Not reported	-0.6%	Q4 2015
ORLYO Reilly Automotive Inc	$37.7M	4.24%	0.04%	-2.3%	Q2 2013
VVisa Inc.	$35M	3.93%	0.01%	+0.8%	Q2 2013
ACNAccenture plc	$27.9M	3.14%	0.02%	+2.1%	Q2 2013
GOOGLAlphabet Inc.	$26.9M	3.03%	0.00%	-0.7%	Q4 2015
TMOThermo Fisher Scientific Inc.	$25M	2.81%	0.01%	+2.8%	Q1 2015
HDHome Depot, Inc.	$24.7M	2.78%	0.01%	+1.2%	Q2 2013
COSTCostco Wholesale Corp	$24.2M	2.72%	0.01%	-0.9%	Q2 2013
SYKStryker Corp	$23.7M	2.66%	0.02%	+1.7%	Q2 2013
JNJJohnson & Johnson	$22M	2.47%	0.00%	+1.1%	Q2 2013
EOGEog Resources Inc	$20.9M	2.35%	0.03%	-1.4%	Q2 2013
EXPDExpeditors International of Washington Inc	$20.2M	2.27%	0.12%	0.0%	Q2 2013
MAMastercard Inc	$14.4M	1.62%	0.00%	-0.2%	Q2 2013
MTDMettler Toledo International Inc/	$13.2M	1.48%	0.05%	+5.0%	Q2 2013
CNICanadian National Railway Co	$12.7M	1.43%	0.02%	-2.6%	Q2 2013
FISVFiserv Inc	$10.9M	1.22%	0.02%	+25.7%	Q2 2013
MRVLMarvell Technology, Inc.	$10.3M	1.15%	0.01%	+1.8%	Q4 2020
XOMExxonMobil Holdings Corp	$10.2M	1.15%	0.00%	-3.9%	Q2 2013
PGPROCTER & GAMBLE Co	$10.2M	1.15%	0.00%	+2.0%	Q2 2013
ECLEcolab Inc.	$10M	1.12%	0.01%	+0.8%	Q2 2013
ADIAnalog Devices Inc	$9.51M	1.07%	0.01%	+1.1%	Q1 2017
TROWPrice T Rowe Group Inc	$9.32M	1.05%	0.04%	-27.8%	Q2 2013
AMEAmetek Inc/	$8.21M	0.92%	0.02%	+17.7%	Q2 2013
JPMJPMorgan Chase & Co	$8.11M	0.91%	0.00%	Not reported	Q4 2014
ROKRockwell Automation, Inc	$7.77M	0.87%	0.02%	+5.7%	Q3 2018
EMREmerson Electric Co	$7.19M	0.81%	0.01%	-0.2%	Q2 2013
PEPPepsico Inc	$6.92M	0.78%	0.00%	+2.5%	Q2 2013
WYWeyerhaeuser Co	$6.77M	0.76%	0.04%	Not reported	Q2 2019
NVDANvidia Corp	$6.74M	0.76%	0.00%	+0.5%	Q4 2016
TRMBTrimble Inc.	$6.32M	0.71%	0.03%	-0.5%	Q2 2013
CVXChevron Corp	$5.7M	0.64%	0.00%	-2.1%	Q2 2013
BRK.BBerkshire Hathaway Inc	$5.62M	0.63%	Not reported	-1.8%	Q4 2013
INTUIntuit Inc.	$5.47M	0.61%	0.00%	+5.2%	Q1 2019
VMIValmont Industries Inc	$5.43M	0.61%	0.07%	+0.5%	Q2 2013
FDSFactset Research Systems Inc	$5.13M	0.58%	0.05%	-4.7%	Q2 2013
WCNWaste Connections, Inc.	$4.78M	0.54%	0.01%	Not reported	Q2 2013
RBCRBC Bearings INC	$4.75M	0.53%	0.04%	-1.4%	Q1 2018
NXPINXP Semiconductors N.V.	$4.67M	0.52%	0.01%	-3.8%	Q3 2014
RMDResmed Inc	$3.74M	0.42%	0.01%	+26.0%	Q2 2013
WMWaste Management Inc	$2.96M	0.33%	0.00%	+4.2%	Q2 2013
ADPAutomatic Data Processing Inc	$2.82M	0.32%	0.00%	Not reported	Q2 2013
CSGPCostar Group, Inc.	$2.8M	0.31%	0.01%	-1.9%	Q2 2013
AMZNAmazon Com Inc	$2.8M	0.31%	0.00%	+1.6%	Q4 2015
ADBEAdobe Inc.	$2.79M	0.31%	0.00%	+0.6%	Q2 2013
ORCLOracle Corp	$2.69M	0.30%	0.00%	-1.6%	Q2 2013
SHWSherwin Williams Co	$2.58M	0.29%	0.00%	Not reported	Q2 2013
PEGAPegasystems Inc	$2.56M	0.29%	0.03%	-2.5%	Q2 2015

Premium opens every quarter this fund has filed