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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 (2016Q3)
Portfolio Summary: 148 holdings with a total value of $431,099,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 TRIMBLE INC 76,188 2,176,000 0.50%
52 IDEX CORP 22,728 2,127,000 0.49%
53 COLGATE PALMOLIVE CO 27,930 2,071,000 0.48%
54 VANGUARD INDEX FDS 17,228 1,935,000 0.45%
55 WABTEC CORP 23,469 1,916,000 0.44%
56 SYSCO CORP 38,533 1,889,000 0.44%
57 CATERPILLAR INC 20,668 1,835,000 0.43%
58 Linear Technology Corp 30,376 1,801,000 0.42%
59 CVS HEALTH CORP 19,104 1,700,000 0.39%
60 GENERAL MLS INC 26,204 1,674,000 0.39%
61 AMGEN INC 9,679 1,615,000 0.37%
62 ADOBE INC 14,450 1,568,000 0.36%
63 SELECT SECTOR SPDR TR 21,962 1,551,000 0.36%
64 SELECT SECTOR SPDR TRUST THE T 32,450 1,550,000 0.36%
65 WALGREENS BOOTS ALLIANCE INC 18,975 1,530,000 0.35%
66 SHERWIN WILLIAMS CO 5,250 1,452,000 0.34%
67 CHURCH & DWIGHT 27,832 1,334,000 0.31%
68 POLARIS INDS INC 16,728 1,295,000 0.30%
69 HOME DEPOT INC 9,815 1,263,000 0.29%
70 VANGUARD INDEX FDS 11,212 1,193,000 0.28%
71 TREEHOUSE FOODS INC 13,669 1,192,000 0.28%
72 PEGASYSTEMS INC 39,275 1,158,000 0.27%
73 AUTOMATIC DATA PROCESSING IN 12,915 1,139,000 0.26%
74 MCDONALDS CORP 9,813 1,132,000 0.26%
75 CISCO SYS INC 35,622 1,130,000 0.26%
76 ANSYS 11,627 1,077,000 0.25%
77 SCHLUMBERGER LTD 13,565 1,067,000 0.25%
78 COSTAR GROUP 4,804 1,040,000 0.24%
79 TRACTOR SUPPLY CO 15,225 1,025,000 0.24%
80 GRAINGER W W INC 4,255 957,000 0.22%
81 NORTHERN TRUST 13,373 909,000 0.21%
82 GENERAL ELECTRIC CO 29,487 873,000 0.20%
83 ORACLE CORP 22,111 869,000 0.20%
84 MERCK & CO INC 13,465 840,000 0.19%
85 CONOCOPHILLIPS 18,686 812,000 0.19%
86 COCA COLA CO 19,110 809,000 0.19%
87 PFIZER INC 23,739 804,000 0.19%
88 SCHWAB U.S. LARGE-CAP GROWTH ETF 14,368 797,000 0.18%
89 SCHWAB U.S. BROAD MARKET ETF 14,657 767,000 0.18%
90 MEDNAX INC 11,483 761,000 0.18%
91 BIO TECHNE CORP 6,945 760,000 0.18%
92 VANGUARD SPECIALIZED FUNDS 9,032 758,000 0.18%
93 BERKSHIRE HATHAWAY INC DEL 5,023 726,000 0.17%
94 ARCADIA BIOSCIENCES INC 368,100 718,000 0.17%
95 WASTE CONNECTIONS INC 8,943 668,000 0.15%
96 Silicon Laboratories Inc 11,292 664,000 0.15%
97 RESMED INC 9,741 631,000 0.15%
98 BOEING CO 4,711 621,000 0.14%
99 ISHARES TR 10,000 605,000 0.14%
100 ABBVIE INC 9,388 592,000 0.14%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-16-004057, filed 2016.10.21).

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.