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Institutional Investment Manager
L. Roy Papp & Associates, LLP
L. Roy Papp & Associates, LLP (CIK: 0000809339) incorporated in Arizona, located at 2201 E. Camelback Road, Phoenix, AZ. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 145 holdings with a total value of $456,229,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 JPMORGAN CHASE & CO 37,595 2,278,000 0.50%
52 SCHLUMBERGER LTD 25,369 2,117,000 0.46%
53 WALGREENS BOOTS ALLIANCE INC 24,235 2,052,000 0.45%
54 COLGATE PALMOLIVE CO 29,430 2,041,000 0.45%
55 MCCORMICK & CO INC 25,579 1,972,000 0.43%
56 VANGUARD INDEX FDS 18,636 1,949,000 0.43%
57 IDEX CORP 22,728 1,723,000 0.38%
58 STERICYCLE INC 11,871 1,667,000 0.37%
59 COSTCO WHSL CORP NEW 10,647 1,613,000 0.35%
60 UMB FINL CORP 30,217 1,598,000 0.35%
61 AIRGAS INC 15,013 1,593,000 0.35%
62 GENERAL MLS INC 27,183 1,539,000 0.34%
63 SHERWIN WILLIAMS CO 5,250 1,494,000 0.33%
64 SYSCO CORP 39,533 1,492,000 0.33%
65 SPDR S&P 500 Fund 7,156 1,477,000 0.32%
66 ORACLE CORP 34,034 1,469,000 0.32%
67 WHITING PETE CORP NEW 45,307 1,400,000 0.31%
68 ADOBE INC 18,250 1,349,000 0.30%
69 SELECT SECTOR SPDR TR 17,375 1,348,000 0.30%
70 Linear Technology Corp 28,717 1,344,000 0.29%
71 DISNEY WALT CO 12,785 1,341,000 0.29%
72 HOME DEPOT INC 11,614 1,319,000 0.29%
73 E M C CORP MASS COM 49,283 1,260,000 0.28%
74 COACH INC 28,981 1,201,000 0.26%
75 GRAINGER W W INC 5,080 1,198,000 0.26%
76 IHS INC A 10,421 1,185,000 0.26%
77 SELECT SECTOR SPDR TRUST THE T 28,450 1,179,000 0.26%
78 AMGEN INC 7,214 1,153,000 0.25%
79 MCDONALDS CORP 11,497 1,120,000 0.25%
80 VANGUARD INDEX FDS 10,142 1,096,000 0.24%
81 FMC TECHNOLOGIES INC 29,391 1,088,000 0.24%
82 VALMONT INDS INC 8,378 1,030,000 0.23%
83 TREEHOUSE FOODS INC 12,039 1,024,000 0.22%
84 WHOLE FOODS MKT INC 19,250 1,003,000 0.22%
85 NORTHERN TRUST 14,373 1,001,000 0.22%
86 AUTOMATIC DATA PROCESSING IN 11,615 995,000 0.22%
87 CISCO SYS INC 34,955 962,000 0.21%
88 COSTAR GROUP 4,819 953,000 0.21%
89 CHURCH & DWIGHT 10,803 923,000 0.20%
90 AMERICAN EXPRESS CO 11,438 894,000 0.20%
91 SCHWAB U.S. LARGE-CAP GROWTH ETF 15,963 860,000 0.19%
92 KINDER MORGAN INC DEL 19,576 823,000 0.18%
93 VANGUARD SPECIALIZED FUNDS 10,184 820,000 0.18%
94 THERMO FISHER SCIENTIFIC INC 5,817 781,000 0.17%
95 VANGUARD INDEX FDS 6,798 729,000 0.16%
96 RESMED INC 9,591 688,000 0.15%
97 Oil and Gas Exploration SPDR 13,105 677,000 0.15%
98 BIO TECHNE CORP 6,600 662,000 0.15%
99 COCA COLA CO 16,208 657,000 0.14%
100 MERCK & CO INC 11,234 646,000 0.14%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-15-000987, filed 2015.05.06).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.