13F HOLDINGS REPORT
PAPP L ROY & ASSOCIATES
Quarter ended Q3 2025 · Filed October 9, 2025 · Accession 0002085853-25-000051
Total Value
$889.6M
Positions
182
Other Managers
0
Confidential Omitted
No
Holdings (182)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 119,084 | $61.7M | 6.93% |
| 2 | APPLE INC | AAPL | 238,148 | $60.6M | 6.82% |
| 3 | BLACKROCK INC | BLK | 36,829 | $42.9M | 4.83% |
| 4 | ALPHABET INC | GOOG | 173,835 | $42.3M | 4.76% |
| 5 | OREILLY AUTOMOTIVE INC | 67103H107 | 349,792 | $37.7M | 4.24% |
| 6 | VISA INC | V | 102,526 | $35.0M | 3.93% |
| 7 | ACCENTURE PLC IRELAND | ACN | 113,108 | $27.9M | 3.14% |
| 8 | ALPHABET INC | GOOG | 110,779 | $26.9M | 3.03% |
| 9 | THERMO FISHER SCIENTIFIC INC | TMO | 51,571 | $25.0M | 2.81% |
| 10 | HOME DEPOT INC | HD | 61,012 | $24.7M | 2.78% |
| 11 | COSTCO WHSL CORP NEW | 22160K105 | 26,126 | $24.2M | 2.72% |
| 12 | STRYKER CORPORATION | SYK | 63,998 | $23.7M | 2.66% |
| 13 | JOHNSON & JOHNSON | JNJ | 118,621 | $22.0M | 2.47% |
| 14 | EOG RES INC | EOG | 186,140 | $20.9M | 2.35% |
| 15 | EXPEDITORS INTL WASH INC | 302130109 | 164,461 | $20.2M | 2.27% |
| 16 | MASTERCARD INCORPORATED | MA | 25,306 | $14.4M | 1.62% |
| 17 | SPDR SERIES TRUST | 78464A870 | 138,587 | $13.9M | 1.56% |
| 18 | METTLER TOLEDO INTERNATIONAL | MTD | 10,749 | $13.2M | 1.48% |
| 19 | CANADIAN NATL RY CO | 136375102 | 134,589 | $12.7M | 1.43% |
| 20 | INVESCO EXCHANGE TRADED FD T | IVZ | 62,259 | $11.8M | 1.33% |
| 21 | FISERV INC | FISV | 84,362 | $10.9M | 1.22% |
| 22 | MARVELL TECHNOLOGY INC | MRVL | 122,079 | $10.3M | 1.15% |
| 23 | EXXON MOBIL CORP | XOM | 90,619 | $10.2M | 1.15% |
| 24 | PROCTER AND GAMBLE CO | 742718109 | 66,298 | $10.2M | 1.15% |
| 25 | ECOLAB INC | ECL | 36,498 | $10.0M | 1.12% |
| 26 | ANALOG DEVICES INC | ADI | 38,693 | $9.5M | 1.07% |
| 27 | PRICE T ROWE GROUP INC | TROW | 90,822 | $9.3M | 1.05% |
| 28 | SELECT SECTOR SPDR TR | 81369Y803 | 30,953 | $8.7M | 0.98% |
| 29 | AMETEK INC | AME | 43,688 | $8.2M | 0.92% |
| 30 | JPMORGAN CHASE & CO. | VYLD | 25,719 | $8.1M | 0.91% |
| 31 | ROCKWELL AUTOMATION INC | ROK | 22,232 | $7.8M | 0.87% |
| 32 | EMERSON ELEC CO | EMR | 54,777 | $7.2M | 0.81% |
| 33 | ISHARES TR | 46429B697 | 75,348 | $7.2M | 0.81% |
| 34 | PEPSICO INC | PEP | 49,259 | $6.9M | 0.78% |
| 35 | WEYERHAEUSER CO MTN BE | WY | 272,920 | $6.8M | 0.76% |
| 36 | NVIDIA CORPORATION | NVDA | 36,140 | $6.7M | 0.76% |
| 37 | TRIMBLE INC | TRMB | 77,463 | $6.3M | 0.71% |
| 38 | CHEVRON CORP NEW | CVX | 36,718 | $5.7M | 0.64% |
| 39 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 11,183 | $5.6M | 0.63% |
| 40 | INTUIT | INTU | 8,003 | $5.5M | 0.61% |
| 41 | VALMONT INDS INC | 920253101 | 14,005 | $5.4M | 0.61% |
| 42 | FACTSET RESH SYS INC | 303075105 | 17,903 | $5.1M | 0.58% |
| 43 | WASTE CONNECTIONS INC | WCN | 27,178 | $4.8M | 0.54% |
| 44 | RBC BEARINGS INC | RBC | 12,161 | $4.7M | 0.53% |
| 45 | NXP SEMICONDUCTORS N V | NXPI | 20,498 | $4.7M | 0.52% |
| 46 | RESMED INC | RSMDF | 13,652 | $3.7M | 0.42% |
| 47 | SCHWAB STRATEGIC TR | 808524102 | 144,624 | $3.7M | 0.42% |
| 48 | VANGUARD SPECIALIZED FUNDS | 921908844 | 16,273 | $3.5M | 0.39% |
| 49 | VANGUARD INDEX FDS | 922908736 | 7,092 | $3.4M | 0.38% |
| 50 | VANGUARD WORLD FD | 92204A702 | 4,374 | $3.3M | 0.37% |
| 51 | WASTE MGMT INC DEL | 94106L109 | 13,397 | $3.0M | 0.33% |
| 52 | AUTOMATIC DATA PROCESSING IN | ADP | 9,602 | $2.8M | 0.32% |
| 53 | COSTAR GROUP INC | CSGP | 33,208 | $2.8M | 0.31% |
| 54 | AMAZON COM INC | AMZN | 12,732 | $2.8M | 0.31% |
| 55 | ADOBE INC | ADBE | 7,918 | $2.8M | 0.31% |
| 56 | ORACLE CORP | ORCL-PD | 9,571 | $2.7M | 0.30% |
| 57 | VANGUARD INDEX FDS | 922908769 | 7,977 | $2.6M | 0.29% |
| 58 | SHERWIN WILLIAMS CO | SHW | 7,460 | $2.6M | 0.29% |
| 59 | PEGASYSTEMS INC | PEGA | 44,443 | $2.6M | 0.29% |
| 60 | MCCORMICK & CO INC | MKC-V | 38,042 | $2.5M | 0.29% |
| 61 | MCDONALDS CORP | MCD | 8,276 | $2.5M | 0.28% |
| 62 | CATERPILLAR INC | CAT | 4,982 | $2.4M | 0.27% |
| 63 | RTX CORPORATION | RTX | 13,756 | $2.3M | 0.26% |
| 64 | IDEX CORP | 45167R104 | 13,409 | $2.2M | 0.25% |
| 65 | NIKE INC | NKE | 30,811 | $2.1M | 0.24% |
| 66 | CISCO SYS INC | CSCO | 31,195 | $2.1M | 0.24% |
| 67 | SYSCO CORP | SYY | 24,524 | $2.0M | 0.23% |
| 68 | COCA COLA CO | KO | 28,949 | $1.9M | 0.22% |
| 69 | MICROCHIP TECHNOLOGY INC. | MCHPP | 29,686 | $1.9M | 0.21% |
| 70 | AMGEN INC | AMGN | 6,457 | $1.8M | 0.20% |
| 71 | CHURCH & DWIGHT CO INC | CHD | 20,720 | $1.8M | 0.20% |
| 72 | WALMART INC | WMT | 17,221 | $1.8M | 0.20% |
| 73 | VANGUARD MALVERN FDS | 922020805 | 34,697 | $1.8M | 0.20% |
| 74 | YETI HLDGS INC | YETI | 52,855 | $1.8M | 0.20% |
| 75 | CLOROX CO DEL | CLX | 14,116 | $1.7M | 0.20% |
| 76 | ENTERPRISE PRODS PARTNERS L | 293792107 | 55,056 | $1.7M | 0.19% |
| 77 | BIO-TECHNE CORP | TECH | 30,630 | $1.7M | 0.19% |
| 78 | ABBVIE INC | ABBV | 7,219 | $1.7M | 0.19% |
| 79 | ELI LILLY & CO | LLY | 2,014 | $1.5M | 0.17% |
| 80 | COLGATE PALMOLIVE CO | CL | 19,033 | $1.5M | 0.17% |
| 81 | INTERNATIONAL BUSINESS MACHS | INTR | 5,298 | $1.5M | 0.17% |
| 82 | AMERICAN EXPRESS CO | AXP | 4,500 | $1.5M | 0.17% |
| 83 | SYNOPSYS INC | SNPS | 2,912 | $1.4M | 0.16% |
| 84 | SPDR S&P 500 ETF TR | SPY | 2,128 | $1.4M | 0.16% |
| 85 | INFORMATICA INC | 45674M101 | 52,503 | $1.3M | 0.15% |
| 86 | STATE STR CORP | STT-PG | 11,026 | $1.3M | 0.14% |
| 87 | SELECT SECTOR SPDR TR | 81369Y506 | 13,949 | $1.2M | 0.14% |
| 88 | META PLATFORMS INC | META | 1,641 | $1.2M | 0.14% |
| 89 | SILICON LABORATORIES INC | SLAB | 8,650 | $1.1M | 0.13% |
| 90 | DYNATRACE INC | DT | 23,245 | $1.1M | 0.13% |
| 91 | PERMIAN RESOURCES CORP | PR | 87,041 | $1.1M | 0.13% |
| 92 | LINDE PLC | LIN | 2,340 | $1.1M | 0.12% |
| 93 | TESLA INC | TSLA | 2,458 | $1.1M | 0.12% |
| 94 | EASTGROUP PPTYS INC | 277276101 | 6,378 | $1.1M | 0.12% |
| 95 | ABBOTT LABS | ABLZF | 7,927 | $1.1M | 0.12% |
| 96 | VALVOLINE INC | VVV | 29,035 | $1.0M | 0.12% |
| 97 | VANGUARD SCOTTSDALE FDS | 92206C409 | 12,167 | $972,509 | 0.11% |
| 98 | ISHARES TR | 46429B747 | 9,400 | $971,584 | 0.11% |
| 99 | ISHARES TR | 464287200 | 1,406 | $941,036 | 0.11% |
| 100 | BECTON DICKINSON & CO | BDX | 4,863 | $910,208 | 0.10% |
| 101 | VANGUARD INDEX FDS | 922908629 | 2,783 | $817,473 | 0.09% |
| 102 | ISHARES SILVER TR | SLV | 19,000 | $805,030 | 0.09% |
| 103 | KINDER MORGAN INC DEL | EP-PC | 26,787 | $758,348 | 0.09% |
| 104 | SCHWAB STRATEGIC TR | 808524201 | 28,721 | $756,512 | 0.09% |
| 105 | NORFOLK SOUTHN CORP | 655844108 | 2,494 | $749,223 | 0.08% |
| 106 | ISHARES TR | 464287481 | 5,092 | $725,098 | 0.08% |
| 107 | SPDR GOLD TR | GLD | 2,038 | $724,448 | 0.08% |
| 108 | SPDR INDEX SHS FDS | 78463X301 | 5,150 | $715,938 | 0.08% |
| 109 | MERCK & CO INC | MRK | 8,346 | $700,447 | 0.08% |
| 110 | WABTEC | 929740108 | 3,376 | $676,880 | 0.08% |
| 111 | SCHWAB STRATEGIC TR | 808524300 | 21,104 | $673,429 | 0.08% |
| 112 | VANGUARD INDEX FDS | 922908744 | 3,589 | $669,256 | 0.08% |
| 113 | ICON PLC | ICLR | 3,820 | $668,500 | 0.08% |
| 114 | KROGER CO | KR | 9,815 | $661,630 | 0.07% |
| 115 | POOL CORP | POOL | 2,124 | $658,589 | 0.07% |
| 116 | VANGUARD INDEX FDS | 922908538 | 2,200 | $646,480 | 0.07% |
| 117 | MEDTRONIC PLC | MDT | 6,734 | $641,347 | 0.07% |
| 118 | HONEYWELL INTL INC | 438516106 | 2,918 | $614,239 | 0.07% |
| 119 | WELLS FARGO CO NEW | 949746101 | 7,310 | $612,725 | 0.07% |
| 120 | ROSS STORES INC | ROST | 4,000 | $609,560 | 0.07% |
| 121 | VANGUARD INDEX FDS | 922908652 | 2,776 | $581,198 | 0.07% |
| 122 | FIRST SOLAR INC | FSLR | 2,537 | $559,485 | 0.06% |
| 123 | IQVIA HLDGS INC | IQV | 2,864 | $543,989 | 0.06% |
| 124 | GE AEROSPACE | 369604301 | 1,772 | $533,054 | 0.06% |
| 125 | DISNEY WALT CO | 254687106 | 4,619 | $528,879 | 0.06% |
| 126 | FIRST HORIZON CORPORATION | FHN-PH | 23,341 | $527,741 | 0.06% |
| 127 | VANGUARD INTL EQUITY INDEX F | 922042742 | 3,765 | $518,884 | 0.06% |
| 128 | INTEL CORP | INTC | 14,456 | $484,999 | 0.05% |
| 129 | ISHARES TR | 46432F339 | 2,461 | $478,665 | 0.05% |
| 130 | UMB FINL CORP | 902788108 | 4,030 | $476,951 | 0.05% |
| 131 | GRAINGER W W INC | 384802104 | 498 | $474,575 | 0.05% |
| 132 | ISHARES TR | 46432F396 | 1,845 | $473,151 | 0.05% |
| 133 | ARISTA NETWORKS INC | ANET | 3,200 | $466,272 | 0.05% |
| 134 | ISHARES TR | 464288158 | 4,350 | $464,493 | 0.05% |
| 135 | DIAMONDBACK ENERGY INC | FANG | 3,174 | $454,200 | 0.05% |
| 136 | VANGUARD WHITEHALL FDS | 921946406 | 3,191 | $449,840 | 0.05% |
| 137 | ISHARES TR | 464287150 | 2,998 | $436,659 | 0.05% |
| 138 | APPLIED MATLS INC | 038222105 | 2,132 | $436,506 | 0.05% |
| 139 | FIRST TR EXCHANGE-TRADED ALP | 33733F101 | 2,596 | $416,781 | 0.05% |
| 140 | PFIZER INC | PFE | 15,335 | $390,736 | 0.04% |
| 141 | INVESCO QQQ TR | IVZ | 615 | $369,228 | 0.04% |
| 142 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 8,176 | $368,740 | 0.04% |
| 143 | IDEXX LABS INC | 45168D104 | 570 | $364,168 | 0.04% |
| 144 | DEVON ENERGY CORP NEW | 25179M103 | 10,174 | $356,708 | 0.04% |
| 145 | UNITED PARCEL SERVICE INC | UPS | 4,225 | $352,915 | 0.04% |
| 146 | VANGUARD INDEX FDS | 922908363 | 561 | $343,662 | 0.04% |
| 147 | CRH PLC | CRH | 2,781 | $333,442 | 0.04% |
| 148 | CSX CORP | CSX | 9,300 | $330,243 | 0.04% |
| 149 | SCHWAB STRATEGIC TR | 808524862 | 13,350 | $325,740 | 0.04% |
| 150 | ZOETIS INC | ZTS | 2,221 | $324,977 | 0.04% |
| 151 | AUTOZONE INC | AZO | 75 | $321,768 | 0.04% |
| 152 | VANGUARD INDEX FDS | 922908751 | 1,260 | $320,344 | 0.04% |
| 153 | LOWES COS INC | 548661107 | 1,269 | $318,913 | 0.04% |
| 154 | FIRST TR EXCHANGE TRADED FD | 33734X176 | 1,843 | $309,606 | 0.03% |
| 155 | STARBUCKS CORP | SBUX | 3,645 | $308,367 | 0.03% |
| 156 | DUKE ENERGY CORP NEW | DUKB | 2,490 | $308,138 | 0.03% |
| 157 | FIRST TR EXCHANGE-TRADED FD | 33733E104 | 3,260 | $305,267 | 0.03% |
| 158 | TJX COS INC NEW | 872540109 | 2,105 | $304,257 | 0.03% |
| 159 | ODYSSEY MARINE EXPL INC | OMEX | 152,461 | $297,299 | 0.03% |
| 160 | ISHARES TR | 464287861 | 4,500 | $294,660 | 0.03% |
| 161 | ISHARES INC | 46434G822 | 3,602 | $288,917 | 0.03% |
| 162 | BARRETT BUSINESS SVCS INC | 068463108 | 6,280 | $278,330 | 0.03% |
| 163 | NEXTERA ENERGY INC | NEE-PW | 3,672 | $277,200 | 0.03% |
| 164 | VANGUARD STAR FDS | 921909768 | 3,767 | $276,713 | 0.03% |
| 165 | FIRST TR EXCHANGE TRADED FD | 33734X192 | 2,004 | $269,378 | 0.03% |
| 166 | CINCINNATI FINL CORP | 172062101 | 1,688 | $266,873 | 0.03% |
| 167 | NORTHROP GRUMMAN CORP | NOC | 432 | $262,949 | 0.03% |
| 168 | VANGUARD INDEX FDS | 922908611 | 1,214 | $253,378 | 0.03% |
| 169 | GE VERNOVA INC | GEV | 406 | $249,650 | 0.03% |
| 170 | SCHWAB CHARLES CORP | SCHW-PJ | 2,520 | $240,613 | 0.03% |
| 171 | KIMBERLY-CLARK CORP | KMB | 1,921 | $238,858 | 0.03% |
| 172 | SCHWAB STRATEGIC TR | 808524797 | 8,595 | $234,644 | 0.03% |
| 173 | MERCADOLIBRE INC | MELI | 100 | $233,694 | 0.03% |
| 174 | NORTHERN TR CORP | NTRSO | 1,724 | $232,051 | 0.03% |
| 175 | UNION PAC CORP | UNP | 950 | $224,552 | 0.03% |
| 176 | ZEBRA TECHNOLOGIES CORPORATI | ZBRA | 752 | $223,465 | 0.03% |
| 177 | ISHARES TR | 464287655 | 917 | $221,878 | 0.02% |
| 178 | FULLER H B CO | FUL | 3,740 | $221,708 | 0.02% |
| 179 | EATON CORP PLC | ETN | 585 | $218,937 | 0.02% |
| 180 | BANK NEW YORK MELLON CORP | 064058100 | 2,000 | $217,920 | 0.02% |
| 181 | SPDR SERIES TRUST | 78464A631 | 923 | $216,869 | 0.02% |
| 182 | CAPITAL ONE FINL CORP | 14040H105 | 952 | $202,377 | 0.02% |