L. Roy Papp & Associates, LLP
SEC Form 13F institutional filer · CIK 0000809339
13F-HR · 122 reported holdings · 2026-03-31
Investment advisor.
Reported long-US-equity value
$0.76B
Top-10 concentration
46.2%
L. Roy Papp & Associates, LLP — $758M AUM allocation strategy
L. Roy Papp & Associates, LLP files SEC Form 13F and reports $758M of long US equity value across 122 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 17.8%, followed by Financials 12.1% and Health Care 11.6%.
The top 10 holdings account for 46% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
L. Roy Papp & Associates, LLP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$758M
total across 122 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
46% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$LIN +5.64K sh · +$2.97M+$IVZ +5.59K sh · +$1.1M+$JPM +4.4K sh · +$554K
Biggest trims (shares)
−$TROW −12.4K sh · −$1.96M−$GOOGL −11.9K sh · −$7.96M−$ORLY −9.38K sh · −$490K
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services9.6%—
- Technology Hardware, Storage & Peripherals7.6%—
- Asset Management & Custody Banks6.4%—
- Systems Software5.7%—
- Transaction & Payment Processing Services5.7%—
- Life Sciences Tools & Services5.0%—
- Automotive Retail4.0%—
- Pharmaceuticals3.8%—
- Other holdings52.2%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 227K | $57.6M | -6.82K | 7.6% |
| $GOOGL | Alphabet Inc | 156K | $44.8M | -11.9K | 5.9% |
| $MSFT | Microsoft Corporation | 117K | $43.4M | -68 | 5.7% |
| $BLK | BlackRock Inc | 40.5K | $34.9M | -425 | 4.6% |
| $ORLY | O'Reilly Automotive Inc | 333K | $30.7M | -9.38K | 4.1% |
| $V | Visa Inc | 101K | $30.6M | -251 | 4.0% |
| $JNJ | Johnson & Johnson | 117K | $28.6M | -1.16K | 3.8% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 98.1K | $28.2M | -8.37K | 3.7% |
| $EOG | EOG Resources Inc | 180K | $26M | -2.86K | 3.4% |
| $TMO | Thermo Fisher Scientific Inc | 50.8K | $25M | -714 | 3.3% |
…and 112 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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