Fund HoldingsL. Roy Papp & Associates, LLP

Total Portfolio Value
$904.53M
Total Bought
$52.15M
Total Sold
$103.47M
Net Transaction
-$51.32M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
SPDR SERIES TRUST
ST STR SP BIOT
0136,229+136,229016,6101.84%+16,610
ALPHABET INC(GOOG)173,835168,150-5,68542,33852,7665.83%+10,428
SELECT SECTOR SPDR TR
ST STR TECHN ETF
062,102+62,10208,9410.99%+8,941
ALPHABET INC(GOOG)110,779106,511-4,26826,93033,3383.69%+6,408
THERMO FISHER SCIENTIFIC INC(TMO)51,57151,516-5525,01329,8513.30%+4,838
EXPEDITORS INTL WASH INC(EXPD)164,461163,041-1,42020,16124,2952.69%+4,133
SCHWAB STRATEGIC TR0176,047+176,04704,2900.47%+4,290
ISHARES TR067,605+67,60503,5750.40%+3,575
APPLE INC(AAPL)238,148233,943-4,20560,64063,6007.03%+2,960
JOHNSON & JOHNSON(JNJ)118,621118,358-26321,99524,4942.71%+2,499
ACCENTURE PLC IRELAND
SHS CLASS A
0112,516+112,516030,1883.34%+30,188
METTLER TOLEDO INTERNATIONAL(MTD)10,74910,635-11413,19614,8271.64%+1,632
SELECT SECTOR SPDR TR
ST STR ENERG ETF
029,888+29,88801,3360.15%+1,336
AMETEK INC43,68845,371+1,6838,2139,3151.03%+1,102
ROCKWELL AUTOMATION INC(ROK)22,23222,468+2367,7718,7420.97%+971
ANALOG DEVICES INC(ADI)38,69338,609-849,50710,4711.16%+964
RBC BEARINGS INC(RBC)012,171+12,17105,4580.60%+5,458
INVESCO EXCHANGE TRADED FD T
S&P500 EQL WGT
62,25964,880+2,62111,81112,4281.37%+618
EXXON MOBIL CORP90,61989,961-65810,21710,8261.20%+609
YETI HLDGS INC(YETI)52,85553,095+2401,7542,3450.26%+591
VISA INC(V)0101,419+101,419035,5693.93%+35,569
CATERPILLAR INC(CAT)4,9825,118+1362,3772,9320.32%+555
J P MORGAN EXCHANGE TRADED F
FLEXI DEBT ETF
09,259+9,25904650.05%+465
NVIDIA CORPORATION(NVDA)36,14038,631+2,4916,7437,2050.80%+462
VANGUARD MUN BD FDS08,668+8,66804360.05%+436
ISHARES SILVER TR(SLV)19,00019,00008051,2240.14%+419
VALMONT INDS INC(VMI)14,00514,506+5015,4305,8360.65%+406
JPMORGAN CHASE & CO.(JPM)25,71926,399+6808,1138,5060.94%+394
SPDR SERIES TRUST
ST NUVE TERM ETF
07,080+7,08003400.04%+340
CANADIAN NATL RY CO(CNI)0131,724+131,724013,0211.44%+13,021
AMGEN INC(AMGN)06,457+6,45702,1130.23%+2,113
ISHARES INC
MSCI JAPAN ETF
03,555+3,55502870.03%+287
ISHARES TR
MSCI USA MIN ETF
079,084+79,08407,4470.82%+7,447
AMERICAN EXPRESS CO(AXP)4,5004,779+2791,4951,7680.20%+273
RTX CORPORATION(RTX)13,75614,022+2662,3022,5720.28%+270
ENTERPRISE PRODS PARTNERS L(EPD)55,05661,845+6,7891,7221,9830.22%+261
GLOBAL X FDS
NASDAQ 100 COVER
014,213+14,21302510.03%+251
CISCO SYS INC(CSCO)030,795+30,79502,3720.26%+2,372
RESMED INC(RMD)13,65216,500+2,8483,7373,9740.44%+237
PERMIAN RESOURCES CORP(PR)096,205+96,20501,3500.15%+1,350
MERCK & CO INC(MRK)08,774+8,77409240.10%+924
SPDR SERIES TRUST
ST STR SP AERO
0923+92302230.02%+223
BIO-TECHNE CORP(TECH)30,63032,727+2,0971,7041,9250.21%+221
VANECK ETF TRUST
SEMICONDUCTR ETF
0600+60002160.02%+216
KINDER MORGAN INC DEL(KMI)035,414+35,41409740.11%+974
RIO TINTO PLC(RIO)02,550+2,55002040.02%+204
IDEX CORP(IEX)013,409+13,40902,3860.26%+2,386
INVESCO QQQ TR615901+2863695530.06%+184
DYNATRACE INC(DT)23,24529,635+6,3901,1261,2840.14%+158
FIRST SOLAR INC(FSLR)2,5372,742+2055597160.08%+157
PEPSICO INC(PEP)49,25949,264+56,9187,0700.78%+152
VANGUARD SPECIALIZED FUNDS16,27316,658+3853,5113,6610.40%+150
AMAZON COM INC(AMZN)12,73212,751+192,7962,9430.33%+148
MASTERCARD INCORPORATED(MA)25,30625,471+16514,39414,5411.61%+147
STATE STR CORP(STT)010,872+10,87201,4030.16%+1,403
WALMART INC(WMT)17,22117,021-2001,7751,8960.21%+122
ROSS STORES INC(ROST)4,0004,00006107210.08%+111
ISHARES TR05,350+5,35005710.06%+571
COCA COLA CO(KO)028,980+28,98002,0260.22%+2,026
IQVIA HLDGS INC(IQV)02,859+2,85906440.07%+644
PEGASYSTEMS INC(PEGA)44,44344,44302,5552,6540.29%+99
GE VERNOVA INC(GEV)406531+1252503470.04%+97
ELI LILLY & CO(LLY)01,517+1,51701,6300.18%+1,630
NEXTERA ENERGY INC(NEE)3,6724,596+9242773690.04%+92
SPDR GOLD TR(GLD)2,0382,03807248080.09%+83
BRISTOL-MYERS SQUIBB CO(BMY)08,176+8,17604410.05%+441
APPLIED MATLS INC2,1321,970-1624375060.06%+70
WELLS FARGO CO NEW(WFC)07,310+7,31006810.08%+681
VANGUARD INDEX FDS7,9777,994+172,6182,6800.30%+63
EASTGROUP PPTYS INC(EGP)06,378+6,37801,1360.13%+1,136
BERKSHIRE HATHAWAY INC DEL11,18311,297+1145,6225,6780.63%+56
INTEL CORP(INTC)14,45614,45604855330.06%+48
MCCORMICK & CO INC(MKC)038,042+38,04202,5910.29%+2,591
WABTEC(WAB)03,376+3,37607210.08%+721
ABBVIE INC(ABBV)7,2197,499+2801,6711,7130.19%+42
VANGUARD WORLD FD
INF TECH ETF
4,3744,37403,2663,2970.36%+31
UNION PAC CORP(UNP)01,105+1,10502560.03%+256
HONEYWELL INTL INC(HON)03,303+3,30306440.07%+644
FIRST HORIZON CORPORATION(FHN)23,34123,34105285580.06%+30
CAPITAL ONE FINL CORP(COF)0952+95202310.03%+231
WW GRAINGER INC(GWW)0498+49805030.06%+503
VANGUARD INDEX FDS2,7832,912+1298178450.09%+28
DIAMONDBACK ENERGY INC(FANG)3,1743,17404544770.05%+23
INTERNATIONAL BUSINESS MACHS(IBM)05,122+5,12201,5170.17%+1,517
IDEXX LABS INC(IDXX)57057003643860.04%+21
TJX COS INC NEW(TJX)2,1052,10503043230.04%+19
VANGUARD INDEX FDS3,5893,592+36696860.08%+17
SCHWAB STRATEGIC TR28,72128,72107577730.09%+16
SCHWAB STRATEGIC TR144,624142,359-2,2653,7183,7340.41%+16
BANK NEW YORK MELLON CORP2,0002,00002182320.03%+14
ISHARES TR04,500+4,50003090.03%+309
VANGUARD STAR FDS03,854+3,85402910.03%+291
GE AEROSPACE(GE)1,7721,77205335460.06%+13
VANGUARD INTL EQUITY INDEX F3,7653,767+25195310.06%+12
VANGUARD INDEX FDS01,287+1,28703320.04%+332
SCHWAB CHARLES CORP(SCHW)02,522+2,52202520.03%+252
ISHARES TR
MSCI USA QLT FCT
2,4612,46104794890.05%+10
CINCINNATI FINL CORP(CINF)01,688+1,68802760.03%+276
VANGUARD WHITEHALL FDS3,1913,19104504580.05%+8
EMERSON ELEC CO(EMR)054,203+54,20307,1940.80%+7,194
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