1y return+11.7%S&P 500 +20.9%
3y return+30.3%S&P 500 +68.5%
5y return+33.1%S&P 500 +74.5%
10y return+192.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $293 against $357 in the S&P 500.2
L. Roy Papp & Associates, LLPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AAPLApple Inc | $65.4M | 6.9% | |
| GOOGAlphabet Inc | $52.9M | 5.6% | −4.1% |
| MSFTMicrosoft Corp | $45.0M | 4.7% | +2.9% |
| VVisa Inc | $35.4M | 3.7% | +2.0% |
| BLKBlackrock Inc | $35.1M | 3.7% | +1.4% |
| GOOGLAlphabet Inc | $33.7M | 3.5% | −3.9% |
| MRVLMarvell Technology Inc | $33.3M | 3.5% | −9.1% |
| ORLYOreilly Automotive Inc | $30.6M | 3.2% | |
| JNJJohnson & Johnson | $30.1M | 3.2% | +1.2% |
| EXPDExpeditors Intl Wash Inc | $26.0M | 2.7% | |
| TMOThermo Fisher Scientific Inc | $25.8M | 2.7% | +1.4% |
| EOGEog Res Inc | $23.2M | 2.4% | |
| COSTCostco Wholesale Corporation | $22.3M | 2.3% | |
| HDHome Depot Inc | $22.0M | 2.3% | |
| SYKStryker Corporation | $21.6M | 2.3% | +4.6% |
| XBISpdr Series Trust | $21.2M | 2.2% | |
| CNICanadian Natl Ry Co | $15.9M | 1.7% | +1.6% |
| RSPInvesco Exchange Traded Fd T | $15.5M | 1.6% | +3.3% |
| ADIAnalog Devices Inc | $14.9M | 1.6% | +2.2% |
| Accenture PLC IrelandCUSIP G1151C101 | $13.4M | 1.4% | −3.1% |
| MTDMettler Toledo International | $13.3M | 1.4% | |
| JPMJpmorgan Chase & Co | $13.2M | 1.4% | +30.5% |
| MAMastercard Incorporated | $13.0M | 1.4% | |
| Exxon Mobil CorpCUSIP 30231G102 | $11.5M | 1.2% | −6.9% |
| AMEAmetek Inc | $11.5M | 1.2% | +1.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $33.7M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $52.9M |
| RBCRbc Bearings Inc | June 30, 2020 | +380.5% | $6.4M |
| XLKSelect Sector Spdr Tr | June 30, 2020 | +264.7% | $10.5M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $13.2M |
| ORLYOreilly Automotive Inc | June 30, 2020 | +227.6% | $30.6M |
| ADIAnalog Devices Inc | June 30, 2020 | +223.9% | $14.9M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $65.4M |
| COSTCostco Wholesale Corporation | June 30, 2020 | +208.5% | $22.3M |
| Exxon Mobil CorpCUSIP 30231G102 | June 30, 2020 | +205.7% | $11.5M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $747K
- POOLPool Corp was $534K
- BDXBecton Dickinson & Co was $386K
- ZTSZoetis Inc was $263K
- FISVFiserv Inc was $248K
- NFLXNetflix Inc. was $213K
- Icon PLCCUSIP G4705A100 was $206K
- AEMAgnico Eagle Mines Ltd was $203K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.6% | +14.8% |
| March 31, 2026 | −4.0% | −4.6% |
| December 31, 2025 | +2.8% | +2.4% |
| September 30, 2025 | +6.2% | +7.8% |
| June 30, 2025 | +3.3% | +10.5% |
| March 31, 2025 | −3.4% | −4.6% |
| December 31, 2024 | −0.3% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | −0.9% | +4.0% |
| March 31, 2024 | +6.4% | +10.0% |
| December 31, 2023 | +10.1% | +11.2% |
| September 30, 2023 | −4.4% | −3.6% |
| June 30, 2023 | +5.8% | +8.3% |
| March 31, 2023 | +5.2% | +7.0% |
| December 31, 2022 | +9.4% | +7.1% |
| September 30, 2022 | −4.7% | −5.3% |
| June 30, 2022 | −14.7% | −16.5% |
| March 31, 2022 | −7.6% | −4.9% |
| December 31, 2021 | +10.9% | +10.7% |
| September 30, 2021 | +0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: L. Roy Papp & Associates, LLP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=809339&type=13F-HR&dateb=&owner=include&count=40CIK 809339
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/809339/000208585326000813/Filed July 23, 2026 · accession 0002085853-26-000813