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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 (2016Q2)
Portfolio Summary: 154 holdings with a total value of $423,548,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 MICROCHIP TECHNOLOGY 40,781 2,070,000 0.49%
52 COLGATE PALMOLIVE CO 28,080 2,055,000 0.49%
53 SYSCO CORP 38,533 1,955,000 0.46%
54 GENERAL MLS INC 26,684 1,903,000 0.45%
55 IDEX CORP 22,728 1,866,000 0.44%
56 TRIMBLE INC 76,188 1,856,000 0.44%
57 POLARIS INDS INC 21,173 1,731,000 0.41%
58 WABTEC CORP 23,669 1,662,000 0.39%
59 WALGREENS BOOTS ALLIANCE INC 19,325 1,609,000 0.38%
60 CATERPILLAR INC 20,737 1,572,000 0.37%
61 SHERWIN WILLIAMS CO 5,250 1,542,000 0.36%
62 Linear Technology Corp 32,324 1,504,000 0.36%
63 CVS HEALTH CORP 15,624 1,496,000 0.35%
64 SELECT SECTOR SPDR TR 21,285 1,452,000 0.34%
65 CHURCH & DWIGHT 13,916 1,432,000 0.34%
66 SELECT SECTOR SPDR TRUST THE T 32,350 1,403,000 0.33%
67 TREEHOUSE FOODS INC 13,669 1,403,000 0.33%
68 ADOBE INC 14,550 1,394,000 0.33%
69 AMGEN INC 8,520 1,296,000 0.31%
70 TRACTOR SUPPLY CO 14,025 1,279,000 0.30%
71 HOME DEPOT INC 9,815 1,253,000 0.30%
72 CONOCOPHILLIPS 27,453 1,197,000 0.28%
73 AUTOMATIC DATA PROCESSING IN 12,915 1,187,000 0.28%
74 MCDONALDS CORP 9,813 1,181,000 0.28%
75 SCHLUMBERGER LTD 14,865 1,176,000 0.28%
76 VANGUARD INDEX FDS 11,212 1,142,000 0.27%
77 COSTAR GROUP 4,804 1,050,000 0.25%
78 CISCO SYS INC 35,132 1,008,000 0.24%
79 ANSYS 10,722 973,000 0.23%
80 ARCADIA BIOSCIENCES INC 375,600 973,000 0.23%
81 PEGASYSTEMS INC 35,940 969,000 0.23%
82 GRAINGER W W INC 4,255 967,000 0.23%
83 ORACLE CORP 23,398 958,000 0.23%
84 E M C CORP MASS COM 35,181 956,000 0.23%
85 GENERAL ELECTRIC CO 29,487 928,000 0.22%
86 SCHWAB U.S. BROAD MARKET ETF 18,296 920,000 0.22%
87 NORTHERN TRUST 13,373 886,000 0.21%
88 COCA COLA CO 19,298 875,000 0.21%
89 PFIZER INC 24,339 857,000 0.20%
90 MEDNAX INC 11,483 832,000 0.20%
91 VANGUARD SPECIALIZED FUNDS 9,845 819,000 0.19%
92 BIO TECHNE CORP 6,945 783,000 0.18%
93 SCHWAB U.S. LARGE-CAP GROWTH ETF 14,833 778,000 0.18%
94 MERCK & CO INC 13,464 776,000 0.18%
95 BERKSHIRE HATHAWAY INC DEL 5,023 727,000 0.17%
96 WASTE CONNECTIONS INC 8,943 644,000 0.15%
97 RESMED INC 9,741 616,000 0.15%
98 BOEING CO 4,615 599,000 0.14%
99 FEI COMPANY 5,562 594,000 0.14%
100 ABBVIE INC 9,588 594,000 0.14%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-16-003630, filed 2016.07.27).

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.