Q3 2026 13F · SEC CIK 809339

L. Roy Papp & Associates, LLP

Wealth managerFiled 2026-10-21 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $981.0M
Reported positions: 193
Top holdings a year, 3 yrs: +13.5%
Assets under management: $1.6B

L. Roy Papp & Associates, LLP is a wealth manager that reported 193 positions worth $981.0M in its Q3 2026 13F, filed 2026-10-21. Its largest holdings were Apple Inc (AAPL, 7.5%), Microsoft Corp (MSFT, 6.3%), Alphabet Inc (GOOG, 5.2%). A portfolio copying its top holdings returned 13.5% a year over the last 3 years, against 20.4% for the S&P 500.

L. Roy Papp & Associates, LLP holdings largest 50 of 193 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

L. Roy Papp & Associates, LLP 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
AAPLApple Inc	7.5%	6.9%	221,599	-2.0%	$73.8M
MSFTMicrosoft Corp	6.3%	4.7%	120,287	-0.3%	$61.7M
GOOGAlphabet Inc	5.2%	5.6%	149,652	-0.1%	$51.0M
BLKBlackrock Inc	3.9%	3.7%	36,574	+0.2%	$38.7M
VVisa Inc	3.8%	3.7%	102,758	-0.5%	$36.9M
TMOThermo Fisher Scientific Inc	3.6%	2.7%	51,612	+0.2%	$34.8M
GOOGLAlphabet Inc	3.3%	3.5%	92,741	-1.7%	$31.9M
JNJJohnson & Johnson	3.2%	3.2%	117,553	-0.9%	$31.1M
EXPDExpeditors Intl Wash Inc	3.0%	2.7%	158,531	-0.7%	$29.3M
ORLYOreilly Automotive Inc	2.9%	3.2%	332,796	+0.1%	$28.4M
MRVLMarvell Technology Inc	2.9%	3.5%	107,121	-4.1%	$28.3M
EOGEog Res Inc	2.5%	2.4%	178,991	-0.0%	$24.7M
COSTCostco Wholesale Corporation	2.2%	2.3%	23,692	-0.4%	$21.6M
XBISpdr Series Trust	2.2%	2.2%	133,822	-0.3%	$21.1M
SYKStryker Corporation	1.9%	2.3%	68,283	-0.4%	$18.8M
HDHome Depot Inc	1.8%	2.3%	62,330	-0.1%	$17.7M
ACNAccenture PLC Ireland	1.8%	1.4%	95,203	-11.8%	$17.5M
CNICanadian Natl Ry Co	1.6%	1.7%	132,844	-0.6%	$15.8M
MTDMettler Toledo International	1.6%	1.4%	10,317	-0.6%	$15.6M
JPMJpmorgan Chase & Co	1.5%	1.4%	45,261	+12.6%	$15.0M
ADIAnalog Devices Inc	1.5%	1.6%	37,636	+0.1%	$14.9M
RSPInvesco Exchange Traded Fd T	1.5%	1.6%	71,201	-2.2%	$14.8M
MAMastercard Incorporated	1.4%	1.4%	25,310	+0.0%	$14.0M
XOMExxonmobil Holdings Corp	1.4%	—	84,091	—	$13.7M
AMEAmetek Inc	1.2%	1.2%	47,803	+0.9%	$11.8M
XLKSelect Sector Spdr Tr	1.0%	1.1%	51,231	-7.1%	$10.0M
SCHOSchwab Strategic Tr	1.0%	1.2%	420,054	-10.1%	$10.0M
ROKRockwell Automation Inc	1.0%	1.2%	22,861	-0.2%	$10.0M
ECLEcolab Inc	1.0%	1.1%	36,087	+0.4%	$9.9M
PGProcter & Gamble Co	1.0%	1.0%	67,300	+0.3%	$9.8M
NVDANvidia Corporation	0.9%	0.8%	38,527	-0.2%	$8.8M
EMREmerson Elec Co	0.8%	0.8%	53,506	-1.7%	$8.3M
USMVIshares Tr	0.8%	0.8%	82,901	+7.2%	$8.1M
LINLinde PLC	0.8%	0.7%	15,717	+19.0%	$7.5M
CVXChevron Corporation	0.7%	0.6%	35,944	-2.6%	$7.3M
VMIValmont Inds Inc Com	0.7%	0.9%	14,937	+1.2%	$6.9M
PEPPepsico Inc	0.6%	0.7%	50,039	+1.0%	$6.3M
BRK-BBerkshire Hathaway Inc Del	0.6%	0.6%	11,371	+0.1%	$5.7M
WYWeyerhaeuser Company Com New REIT	0.5%	0.7%	272,920	+0.0%	$5.2M
ROLLRbc Bearings Incorporated	0.5%	0.7%	10,072	+1.0%	$5.0M
IGSBIshares Tr	0.5%	0.6%	97,128	-13.1%	$5.0M
WMWaste Mgmt Inc Del	0.5%	0.4%	23,723	+25.1%	$4.8M
NXPINxp Semiconductors N V	0.5%	0.6%	20,140	+0.5%	$4.8M
VGTVanguard World Fd	0.4%	0.4%	34,992	+0.0%	$4.4M
TRMBTrimble Inc	0.4%	0.4%	76,723	+0.8%	$4.4M
MCDMcdonalds Corp	0.4%	0.4%	18,617	+23.4%	$4.3M
WCNWaste Connections Inc	0.4%	0.5%	27,178	+0.0%	$4.2M
CATCaterpillar Inc	0.4%	0.6%	4,963	-7.9%	$4.0M
FDSFactset Resh Sys Inc	0.4%	—	14,799	—	$4.0M
SCHBSchwab Strategic Tr	0.4%	0.4%	135,511	-2.6%	$4.0M

What L. Roy Papp & Associates, LLP bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

WM Waste Mgmt Inc Del+25.1% shares
MCD Mcdonalds Corp+23.4% shares
LIN Linde PLC+19.0% shares
JPM Jpmorgan Chase & Co+12.6% shares
USMV Ishares Tr+7.2% shares

Reduced

Left the top 50

XOM Exxon Mobil Corpwas 1.2%
VIG Vanguard Specialized Fundswas 0.4%

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.0% /yr; S&P 500 +20.1%
3 years: +13.5% /yr; S&P 500 +20.4%
5 years: +7.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$981.0M	193
Q2 2026	$951.4M	193
Q1 2026	$867.4M	184
Q4 2025	$904.5M	185
Q3 2025	$889.6M	182
Q2 2025	$841.8M	180
Q1 2025	$815.2M	174
Q4 2024	$856.6M	178
Q3 2024	$826.2M	177
Q2 2024	$825.2M	172
Q1 2024	$840.1M	176
Q4 2023	$805.6M	174

Questions about L. Roy Papp & Associates, LLP's portfolio

What stocks does L. Roy Papp & Associates, LLP own?

L. Roy Papp & Associates, LLP's latest 13F, for Q3 2026 and filed Oct 21, 2026, lists 193 positions worth $981.0M. The largest are Apple Inc (AAPL) at 7.5%, Microsoft Corp (MSFT) at 6.3%, Alphabet Inc (GOOG) at 5.2%, Blackrock Inc (BLK) at 3.9% and Visa Inc (V) at 3.8%.

What did L. Roy Papp & Associates, LLP buy last quarter?

In Q3 2026, L. Roy Papp & Associates, LLP added Waste Mgmt Inc Del (WM) (+25.1% shares), Mcdonalds Corp (MCD) (+23.4% shares) and Linde PLC (LIN) (+19.0% shares), compared with its Q2 2026 filing.

What did L. Roy Papp & Associates, LLP sell last quarter?

In Q3 2026, L. Roy Papp & Associates, LLP cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Vanguard Specialized Funds (VIG), Ishares Tr (IGSB) (-13.1% shares), Accenture PLC Ireland (ACN) (-11.8% shares) and Schwab Strategic Tr (SCHO) (-10.1% shares), compared with its Q2 2026 filing.

How has L. Roy Papp & Associates, LLP's portfolio performed?

A portfolio copying L. Roy Papp & Associates, LLP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.5% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.0% against +20.1%. Over 5 years: +7.1% a year against +11.6%.

When is L. Roy Papp & Associates, LLP's next 13F filing due?

13F filings are due 45 days after each quarter ends. L. Roy Papp & Associates, LLP's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does L. Roy Papp & Associates, LLP manage?

L. Roy Papp & Associates, LLP reported $1.6B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $981.0M.