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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 (2015Q4)
Portfolio Summary: 139 holdings with a total value of $408,346,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 MICROCHIP TECHNOLOGY 41,543 1,933,000 0.47%
52 COSTCO WHSL CORP NEW 11,926 1,926,000 0.47%
53 COLGATE PALMOLIVE CO 28,530 1,901,000 0.47%
54 IDEX CORP 22,728 1,741,000 0.43%
55 VANGUARD INDEX FDS 16,282 1,732,000 0.42%
56 TRIMBLE INC 79,169 1,698,000 0.42%
57 WABTEC CORP 23,153 1,647,000 0.40%
58 WALGREENS BOOTS ALLIANCE INC 19,240 1,638,000 0.40%
59 SYSCO CORP 38,633 1,584,000 0.39%
60 GENERAL MLS INC 27,203 1,568,000 0.38%
61 CATERPILLAR INC 22,987 1,562,000 0.38%
62 UMB FINL CORP 30,517 1,421,000 0.35%
63 AMGEN INC 8,596 1,395,000 0.34%
64 ADOBE INC 14,750 1,386,000 0.34%
65 SHERWIN WILLIAMS CO 5,250 1,363,000 0.33%
66 SELECT SECTOR SPDR TRUST THE T 30,550 1,308,000 0.32%
67 HOME DEPOT INC 9,885 1,307,000 0.32%
68 SCHLUMBERGER LTD 18,176 1,268,000 0.31%
69 Linear Technology Corp 29,174 1,239,000 0.30%
70 SELECT SECTOR SPDR TR 20,235 1,221,000 0.30%
71 MCDONALDS CORP 10,205 1,206,000 0.30%
72 CHURCH & DWIGHT 13,916 1,181,000 0.29%
73 E M C CORP MASS COM 44,022 1,130,000 0.28%
74 AUTOMATIC DATA PROCESSING IN 12,915 1,094,000 0.27%
75 CISCO SYS INC 37,832 1,027,000 0.25%
76 TREEHOUSE FOODS INC 13,039 1,023,000 0.25%
77 VANGUARD INDEX FDS 10,142 1,011,000 0.25%
78 COSTAR GROUP 4,819 996,000 0.24%
79 NORTHERN TRUST 13,573 978,000 0.24%
80 GENERAL ELECTRIC CO 30,582 953,000 0.23%
81 COCA COLA CO 21,987 945,000 0.23%
82 SCHWAB U.S. BROAD MARKET ETF 19,168 940,000 0.23%
83 SCHWAB U.S. LARGE-CAP GROWTH ETF 17,378 918,000 0.22%
84 GRAINGER W W INC 4,305 872,000 0.21%
85 FEI COMPANY 10,311 823,000 0.20%
86 ORACLE CORP 22,157 809,000 0.20%
87 VANGUARD SPECIALIZED FUNDS 9,936 773,000 0.19%
88 AMERICAN EXPRESS CO 10,753 748,000 0.18%
89 MEDNAX INC 10,238 734,000 0.18%
90 FMC TECHNOLOGIES INC 24,361 707,000 0.17%
91 MERCK & CO INC 12,974 685,000 0.17%
92 BERKSHIRE HATHAWAY INC DEL 5,173 683,000 0.17%
93 TRACTOR SUPPLY CO 7,914 677,000 0.17%
94 BOEING CO 4,466 646,000 0.16%
95 PEGASYSTEMS INC 23,330 642,000 0.16%
96 BIO TECHNE CORP 6,945 625,000 0.15%
97 ABBVIE INC 9,913 587,000 0.14%
98 Silicon Laboratories Inc 11,292 548,000 0.13%
99 COACH INC 16,487 540,000 0.13%
100 ISHARES TR 10,000 534,000 0.13%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-16-002390, filed 2016.02.02).

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.