Latest PAPP L ROY & ASSOCIATES Stock Portfolio

PAPP L ROY & ASSOCIATES Performance:

2025 Q4: 1.85%YTD: -17.62%2024: 9.97%

Performance for 2025 Q4 is 1.85%, and YTD is -17.62%, and 2024 is 9.97%.

About PAPP L ROY & ASSOCIATES and 13F Hedge Fund Stock Holdings

On 2026-01-28, the fund reported it's updated stock portfolio. In the 13F Holdings report, L. Roy Papp & Associates, LLP reported an equity portfolio of $904.5 Millions as of 31 Dec, 2025.

The top stock holdings of L. Roy Papp & Associates, LLP are AAPL, MSFT, GOOG. The fund has invested 7% of it's portfolio in APPLE INC and 6.3% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off INFORMATICA INC (INFA), KIMBERLY-CLARK CORP (KMB) and ZEBRA TECHNOLOGIES CORPORATI (ZBRA) stocks. They significantly reduced their stock positions in FISERV INC, VANGUARD INDEX FDS (VB) and BECTON DICKINSON & CO (BDX). L. Roy Papp & Associates, LLP opened new stock positions in ISHARES TR (AAXJ), J P MORGAN EXCHANGE TRADED F and VANGUARD MUN BD FDS (VTEB). The fund showed a lot of confidence in some stocks as they added substantially to SCHWAB STRATEGIC TR (FNDA), SELECT SECTOR SPDR TR (XLB) and INVESCO QQQ TR (QQQ).

PAPP L ROY & ASSOCIATES Annual Return Estimates Vs S&P 500

Our best estimate is that L. Roy Papp & Associates, LLP made a return of 1.85% in the last quarter. In trailing 12 months, it's portfolio return was -17.62%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ishares tr	3,574,930
j p morgan exchange traded f	464,987
vanguard mun bd fds	435,914
spdr series trust	339,770
global x fds	251,144
vaneck etf trust	216,078
rio tinto plc	204,077

New stocks bought by PAPP L ROY & ASSOCIATES

Additions

Ticker	% Inc.
schwab strategic tr	1,218
select sector spdr tr	114
select sector spdr tr	100
invesco qqq tr	46.5
kinder morgan inc del	32.21
ge vernova inc	30.79
dynatrace inc	27.49
nextera energy inc	25.16

Additions to existing portfolio by PAPP L ROY & ASSOCIATES

Reductions

Ticker	% Reduced
fiserv inc	-88.13
vanguard index fds	-51.05
becton dickinson & co	-47.4
united parcel service inc	-31.83
price t rowe group inc	-24.88
eli lilly & co	-24.68
ishares tr	-24.04
starbucks corp	-17.86

PAPP L ROY & ASSOCIATES reduced stake in above stock

Sold off

Ticker	$ Sold
informatica inc	-1,304,180
kimberly-clark corp	-238,858
zebra technologies corporati	-223,465
eaton corp plc	-218,937

PAPP L ROY & ASSOCIATES got rid off the above stocks

Sector Distribution

L. Roy Papp & Associates, LLP has about 22.9% of it's holdings in Technology sector.

Sector	%
Technology	22.9
Others	16.6
Healthcare	12
Communication Services	9.7
Industrials	8.7
Financial Services	8.5
Consumer Cyclical	7.2
Consumer Defensive	5.7
Energy	4.6
Basic Materials	1.5
Real Estate	1.1

Market Cap. Distribution

L. Roy Papp & Associates, LLP has about 80.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	49.9
LARGE-CAP	30.2
UNALLOCATED	16.6
MID-CAP	2.3

Stocks belong to which Index?

About 79.2% of the stocks held by L. Roy Papp & Associates, LLP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	77.9
Others	20.8
RUSSELL 2000	1.3

Top 5 Winners (%)		%
SLV	ishares silver tr	52.0 %
LLY	eli lilly & co	35.8 %
YETI	yeti hldgs inc	33.0 %
GOOG	alphabet inc	28.4 %
GOOG	alphabet inc	28.2 %

Top 5 Winners ($)		$
GOOG	alphabet inc	12.0 M
GOOG	alphabet inc	7.6 M
TMO	thermo fisher scientific inc	4.9 M
EXPD	expeditors intl wash inc	4.3 M
AAPL	apple inc	4.1 M

Top 5 Losers (%)		%
XLB	select sector spdr tr	-42.3 %
XLB	select sector spdr tr	-41.8 %
ORCL	oracle corp	-28.9 %
	fiserv inc	-26.8 %
POOL	pool corp	-24.2 %

Top 5 Losers ($)		$
XLB	select sector spdr tr	-6.4 M
ORLY	oreilly automotive inc	-5.7 M
MSFT	microsoft corp	-4.1 M
HD	home depot inc	-3.8 M
	blackrock inc	-3.5 M

PAPP L ROY & ASSOCIATES Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of PAPP L ROY & ASSOCIATES

L. Roy Papp & Associates, LLP has 185 stocks in it's portfolio. About 43.9% of the portfolio is in top 10 stocks. XLB proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for L. Roy Papp & Associates, LLP last quarter.

Last Reported on: 28 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	7.03	233,943	63,599,800	reduced	-1.77

AAXJ	ishares tr	0.40	67,605	3,574,930	new

AAXJ	ishares tr	0.06	5,350	570,845	added	22.99

ABBV	abbvie inc	0.19	7,499	1,713,450	added	3.88

ABT	abbott labs	0.11	7,927	993,174	unchanged	0.00

ACN	accenture plc ireland	3.34	112,516	30,188,000	reduced	-0.52

ADBE	adobe inc	0.30	7,763	2,716,970	reduced	-1.96

ADI	analog devices inc	1.16	38,609	10,470,800	reduced	-0.22

ADP	automatic data processing in	0.27	9,602	2,469,920	unchanged	0.00

AFK	vaneck etf trust	0.02	600	216,078	new

AGNG	global x fds	0.03	14,213	251,144	new

AMAT	applied matls inc	0.06	1,970	506,271	reduced	-7.6

AME	ametek inc	1.03	45,371	9,315,120	added	3.85

AMGN	amgen inc	0.23	6,457	2,113,440	unchanged	0.00

AMPS	ishares tr	0.82	79,084	7,446,580	added	4.96

AMPS	ishares tr	0.11	9,400	962,466	unchanged	0.00

AMZN	amazon com inc	0.32	12,751	2,943,190	added	0.15

ANET	arista networks inc	0.04	3,010	394,401	reduced	-5.94

AXP	american express co	0.20	4,779	1,767,860	added	6.2

AZO	autozone inc	0.03	75.00	254,363	unchanged	0.00