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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 (2015Q3)
Portfolio Summary: 137 holdings with a total value of $404,416,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 COSTCO WHSL CORP NEW 13,194 1,907,000 0.47%
52 VANGUARD INDEX FDS 18,444 1,850,000 0.46%
53 COLGATE PALMOLIVE CO 28,530 1,810,000 0.45%
54 WALGREENS BOOTS ALLIANCE INC 21,740 1,807,000 0.45%
55 MICROCHIP TECHNOLOGY 41,531 1,790,000 0.44%
56 IDEX CORP 22,728 1,621,000 0.40%
57 GENERAL MLS INC 27,874 1,565,000 0.39%
58 UMB FINL CORP 30,517 1,551,000 0.38%
59 SYSCO CORP 38,633 1,506,000 0.37%
60 SCHLUMBERGER LTD 20,718 1,429,000 0.35%
61 TRIMBLE INC 85,949 1,411,000 0.35%
62 AIRGAS INC 15,017 1,341,000 0.33%
63 HOME DEPOT INC 11,604 1,340,000 0.33%
64 E M C CORP MASS COM 52,455 1,267,000 0.31%
65 AMGEN INC 8,906 1,232,000 0.30%
66 ADOBE INC 14,750 1,213,000 0.30%
67 MCDONALDS CORP 12,280 1,210,000 0.30%
68 SELECT SECTOR SPDR TRUST THE T 30,250 1,195,000 0.30%
69 Linear Technology Corp 29,174 1,177,000 0.29%
70 SHERWIN WILLIAMS CO 5,250 1,170,000 0.29%
71 CHURCH & DWIGHT 13,866 1,163,000 0.29%
72 SELECT SECTOR SPDR TR 18,475 1,131,000 0.28%
73 CISCO SYS INC 40,332 1,059,000 0.26%
74 AUTOMATIC DATA PROCESSING IN 12,915 1,038,000 0.26%
75 TREEHOUSE FOODS INC 13,039 1,014,000 0.25%
76 VANGUARD INDEX FDS 10,142 987,000 0.24%
77 GRAINGER W W INC 4,480 963,000 0.24%
78 NORTHERN TRUST 13,573 925,000 0.23%
79 COCA COLA CO 21,763 873,000 0.22%
80 SCHWAB U.S. LARGE-CAP GROWTH ETF 17,415 870,000 0.22%
81 FMC TECHNOLOGIES INC 27,791 862,000 0.21%
82 ORACLE CORP 23,636 854,000 0.21%
83 SCHWAB U.S. BROAD MARKET ETF 18,213 845,000 0.21%
84 COSTAR GROUP 4,819 834,000 0.21%
85 GENERAL ELECTRIC CO 32,534 821,000 0.20%
86 COACH INC 27,782 804,000 0.20%
87 WABTEC CORP 9,000 792,000 0.20%
88 AMERICAN EXPRESS CO 10,603 786,000 0.19%
89 FEI COMPANY 10,311 753,000 0.19%
90 VANGUARD SPECIALIZED FUNDS 10,085 744,000 0.18%
91 WHITING PETE CORP NEW 45,429 694,000 0.17%
92 BERKSHIRE HATHAWAY INC DEL 5,273 688,000 0.17%
93 MEDNAX INC 8,738 671,000 0.17%
94 BIO TECHNE CORP 6,945 642,000 0.16%
95 MERCK & CO INC 12,864 635,000 0.16%
96 BOEING CO 4,466 585,000 0.14%
97 TRACTOR SUPPLY CO 6,914 583,000 0.14%
98 PEGASYSTEMS INC 23,330 574,000 0.14%
99 ISHARES TR 10,000 527,000 0.13%
100 ABBVIE INC 9,688 527,000 0.13%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-15-001869, filed 2015.11.03).

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.