RM
Roffman Miller Associates Inc /pa/ Investment Portfolio (Q3 2026) — 13F Stock Holdings
Roffman Miller Associates Inc /pa/CIK: 0000869367
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$2.0B
Reporting period: 2026-09-30 · Number of holdings: 91
ROFFMAN MILLER ASSOCIATES INC /PA/ disclosed 91 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $2.0B and a quarterly turnover rate of 11.8%.
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Personality snowflake
- Concentration
- 12.2
- Portfolio Stability
- 11.77
- Momentum
- 100
- Sector conviction
- 56.94
- Diversification
- 100
- Sizing Uniformity
- 86.72
Roffman Miller Associates Inc /pa/'s disclosed holdings carry a Herfindahl concentration index of 0.030 — mathematically equivalent to about 33 equally-sized positions, well below its 91 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.33), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MSFT
+32.5% $35.9M
Add AAPL
+38.9% $15.6M
New buy ETN
Trim GOOGL
-2.2% -$7.8M
Trim HD
+0.7% -$9.0M
Trim ASML
-2.2% -$6.3M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 90 holdings (of 91 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 7.56% | +0.66% | +38.87% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 6.82% | +1.74% | +32.49% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 6.49% | -0.54% | -2.20% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.79% | -0.10% | +35.61% | |
| 5 | APH | Amphenol Corp-cl A | Stock-Tech | 3.72% | -0.34% | +95.54% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.71% | +0.19% | +2.95% | |
| 7 | JNJ | Johnson & Johnson | Stock-Healthcare | 3.57% | +0.06% | +34.07% | |
| 8 | INTC | Intel CORP | Stock-Tech | 3.10% | +0.24% | +28.16% | |
| 9 | TXN | Texas Instruments Inc | Stock-Tech | 3.04% | -0.30% | -1.37% | |
| 10 | ASML | ASML Holding N.V. | Stock-Tech | 2.64% | -0.38% | -2.21% | |
| 11 | NDSN | Nordson CORP | Stock-Industrials | 2.45% | +0.16% | +62.09% | |
| 12 | AXP | American Express Co | Stock-Financials | 2.37% | -0.33% | +17.21% | |
| 13 | V | Visa Inc-class A Shares | Stock-Financials | 2.29% | +0.10% | +1.90% | |
| 14 | CB | Chubb Limited | Stock-Financials | 2.23% | -0.11% | +1.98% | |
| 15 | ADP | Automatic Data Processing | Stock-Tech | 2.15% | +0.24% | -0.35% | |
| 16 | HD | Home Depot Inc | Stock-Consumer Disc | 1.99% | -0.50% | +0.68% | |
| 17 | AFL | Aflac Inc | Stock-Financials | 1.96% | -0.16% | +30.57% | |
| 18 | RPM | Rpm International Inc | Stock-Materials | 1.91% | -0.27% | +32.92% | |
| 19 | SYK | Stryker CORP | Stock-Healthcare | 1.89% | -0.20% | +78.98% | |
| 20 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.75% | -0.35% | +70.22% | |
| 21 | AME | Ametek Inc | Stock-Industrials | 1.72% | -0.04% | -2.67% | |
| 22 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.62% | -0.19% | +9.83% | |
| 23 | GD | General Dynamics CORP | Stock-Industrials | 1.53% | -0.11% | +1.43% | |
| 24 | ✓ | Stock-Other | 1.45% | +0.23% | +2.05% | ||
| 25 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.45% | -0.01% | +4.68% | |
| 26 | NVDA | Nvidia CORP | Stock-Tech | 1.42% | +0.24% | +7.65% | |
| 27 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 1.37% | +0.32% | -0.69% | |
| 28 | CHD | Church & Dwight Co Inc | Stock-Consumer Staples | 1.24% | -0.10% | -2.57% | |
| 29 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.18% | -0.35% | -30.74% | |
| 30 | DIS | Walt Disney Co/the | Stock-Comm Services | 1.15% | +0.06% | +33.06% | |
| 31 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.14% | -0.01% | +3.63% | |
| 32 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 1.12% | -0.14% | +3.71% | |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.05% | — | +2.96% | |
| 34 | ICE | Intercontinental Exchange In | Stock-Financials | 1.01% | +0.17% | -0.51% | |
| 35 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.97% | — | +6.31% | |
| 36 | EXPO | Exponent Inc | Stock-Industrials | 0.90% | +0.04% | +13.92% | |
| 37 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.83% | +0.03% | -2.62% | |
| 38 | APD | Air Products & Chemicals Inc | Stock-Materials | 0.80% | -0.07% | -1.35% | |
| 39 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.80% | -0.06% | -7.28% | |
| 40 | ✓ | Stock-Other | 0.80% | -0.11% | +51.09% | ||
| 41 | CI | THE Cigna Group | Stock-Healthcare | 0.79% | +0.01% | +4.32% | |
| 42 | CRM | Salesforce Inc | Stock-Tech | 0.69% | +0.17% | -6.85% | |
| 43 | MKC | Mccormick & Co-non Vtg Shrs | Stock-Consumer Staples | 0.67% | -0.18% | -12.51% | |
| 44 | ETN | Eaton Corporation plc | Stock-Industrials | 0.65% | +0.65% | NEW | |
| 45 | UGI | Ugi CORP | Stock-Utilities | 0.61% | +0.01% | +0.69% | |
| 46 | ✓ | Stock-Other | 0.60% | -0.30% | +53.53% | ||
| 47 | PPL | Ppl CORP | Stock-Utilities | 0.58% | -0.11% | -5.26% | |
| 48 | BAC | Bank Of America CORP | Stock-Financials | 0.53% | -0.09% | -8.58% | |
| 49 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.51% | -0.02% | +2.29% | |
| 50 | ACN | Accenture plc | Stock-Tech | 0.45% | +0.06% | -19.29% |
1–50 of 90
Portfolio Performance
Performance for Q4 2026
+1.7%
Performance Last 4 Quarters
+12.5%
- Stdev
- +10.8%
- Beta
- +0.79
- Alpha
- -1.2%
- Max Drawdown
- -8.1%
- Annualized Perf
- +17%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +2.86
- Stutzer
- +0.44
- Treynor
- +0.21
- Sterling
- +1.06
- Calmar
- +2.11
- Information Ratio
- -1.09
- Tracking Error
- +5.4%
- Stdev Down
- +5.7%
- Winning Months %
- +77.8%
- Losing Months %
- +22.2%
- Best 12 Months
- +27.5%
- Worst 12 Months
- +4.6%
- Efficiency Ratio
- +0.61
- Sharpe
- +1.52
- Stdev Sectors
- +9.5%
- Skewness
- -0.23
- Kurtosis
- +0.41
- Upside Potential
- +4.31
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 91 | $2.0B | 12 | ||
| 2026 Q2 | 88 | $1.9B | 0 | ||
| 2026 Q1 | 86 | $1.7B | 14 | ||
| 2025 Q4 | 85 | $1.8B | 9 | ||
| 2025 Q3 | 80 | $1.8B | 19 | ||
| 2025 Q2 | 74 | $1.7B | 0 | ||
| 2025 Q1 | 75 | $1.6B | 100 | ||
| 2024 Q4 | 75 | $1.6B | 0 | ||
| 2024 Q3 | 81 | $1.6B | 0 | ||
| 2024 Q2 | 75 | $1.5B | 0 | ||
| 2024 Q1 | 77 | $1.5B | 0 | ||
| 2023 Q4 | 76 | $1.4B | 0 | ||
| 2023 Q3 | 78 | $1.3B | 0 | ||
| 2023 Q2 | 172 | $1.3B | 0 | ||
| 2023 Q1 | 74 | $1.3B | 0 | ||
| 2022 Q4 | 75 | $1.2B | 0 | ||
| 2022 Q3 | 75 | $1.1B | 0 | ||
| 2022 Q2 | 76 | $1.2B | 0 | ||
| 2022 Q1 | 77 | $1.3B | 0 | ||
| 2021 Q4 | 76 | $1.5B | 0 | ||
| 2021 Q3 | 76 | $1.3B | 0 | ||
| 2021 Q2 | 73 | $1.3B | 100 | ||
| 2021 Q1 | 72 | $1.2B | 12 | ||
| 2020 Q4 | 75 | $1.2B | 13 | ||
| 2020 Q3 | 75 | $1.0B | 15 | ||
| 2020 Q2 | 150 | $1.0B | 24 | ||
| 2020 Q1 | 77 | $799.7M | 25 | ||
| 2019 Q4 | 90 | $1.0B | 12 | ||
| 2019 Q3 | 91 | $954.8M | 32 | ||
| 2019 Q2 | 85 | $930.8M | 10 | ||
| 2019 Q1 | 80 | $878.8M | 40 | ||
| 2018 Q4 | 71 | $767.0M | 41 | ||
| 2018 Q3 | 81 | $900.5M | 11 | ||
| 2018 Q2 | 63 | $817.8M | 10 | ||
| 2018 Q1 | 63 | $788.4M | 9 | ||
| 2017 Q4 | 63 | $810.8M | 12 | ||
| 2017 Q3 | 63 | $758.5M | 10 | ||
| 2017 Q2 | 64 | $729.8M | 8 | ||
| 2017 Q1 | 62 | $706.2M | 10 | ||
| 2016 Q4 | 62 | $662.9M | 11 | ||
| 2016 Q3 | 62 | $617.9M | 12 | ||
| 2016 Q2 | 63 | $609.6M | 14 | ||
| 2016 Q1 | 66 | $583.1M | 12 | ||
| 2015 Q4 | 64 | $546.4M | 10 | ||
| 2015 Q3 | 64 | $510.0M | 9 | ||
| 2015 Q2 | 63 | $526.9M | 11 | ||
| 2015 Q1 | 65 | $522.9M | 8 | ||
| 2014 Q4 | 66 | $514.1M | 11 | ||
| 2014 Q3 | 67 | $488.1M | 7 | ||
| 2014 Q2 | 70 | $474.2M | 9 | ||
| 2014 Q1 | 71 | $450.2M | 11 | ||
| 2013 Q4 | 72 | $434.8M | 17 | ||
| 2013 Q3 | 71 | $396.0M | 9 | ||
| 2013 Q2 | 74 | $374.7M | — |
Holding changes this quarter
Roffman Miller Associates Inc /pa/'s most significant position changes for 2026-09-30: New buy: Eaton Corporation plc (ETN); New buy: Public Service Enterprise Gp (PEG); New buy: American Tower CORP (AMT); New buy: ; Sold out: Fmc CORP (FMC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.7% | +32.49% | Add |
| 2 | AAPL | Apple Inc | +0.7% | +38.87% | Add |
| 3 | ETN | Eaton Corporation plc | +0.7% | NEW | New buy |
| 4 | TMO | Thermo Fisher Scientific Inc | +0.3% | -0.69% | Trim |
| 5 | PEG | Public Service Enterprise Gp | +0.3% | NEW | New buy |
| 6 | INTC | Intel CORP | +0.2% | +28.16% | Add |
| 7 | ADP | Automatic Data Processing | +0.2% | -0.35% | Trim |
| 8 | NVDA | Nvidia CORP | +0.2% | +7.65% | Add |
| 9 | ✓ | +0.2% | +2.05% | Add | |
| 10 | AMZN | Amazon.com Inc | +0.2% | +2.95% | Add |
| 11 | ICE | Intercontinental Exchange In | +0.2% | -0.51% | Trim |
| 12 | CRM | Salesforce Inc | +0.2% | -6.85% | Trim |
| 13 | NDSN | Nordson CORP | +0.2% | +62.09% | Add |
| 14 | V | Visa Inc-class A Shares | +0.1% | +1.90% | Add |
| 15 | META | Meta Platforms Inc-class A | +0.1% | +1.79% | Add |
| 16 | AMT | American Tower CORP | +0.1% | NEW | New buy |
| 17 | JNJ | Johnson & Johnson | +0.1% | +34.07% | Add |
| 18 | DIS | Walt Disney Co/the | +0.1% | +33.06% | Add |
| 19 | ACN | Accenture plc | +0.1% | -19.29% | Trim |
| 20 | EXPO | Exponent Inc | 0% | +13.92% | Add |
| 21 | VZ | Verizon Communications Inc | 0% | -2.62% | Trim |
| 22 | T | At&t Inc | 0% | -0.39% | Trim |
| 23 | ✓ | 0% | NEW | New buy | |
| 24 | DHR | Danaher CORP | 0% | -6.76% | Trim |
| 25 | UGI | Ugi CORP | 0% | +0.69% | Add |
| 26 | CI | THE Cigna Group | 0% | +4.32% | Add |
| 27 | VOO | Vanguard S&p 500 ETF | 0% | +6.75% | Add |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +3.29% | Add |
| 29 | SCHB | Schwab US Broad Market ETF | 0% | +20.89% | Add |
| 30 | SCHG | Schwab US Large-cap Growth | 0% | +3.51% | Add |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | — | +2.96% | Add |
| 32 | TSM | Taiwan Semiconductor-sp Adr | — | +6.31% | Add |
| 33 | PFE | Pfizer Inc | — | +18.05% | Add |
| 34 | SCHF | Schwab Intl Equity ETF | — | +35.24% | Add |
| 35 | VONG | Vanguard Russell 1000 Growth | — | +1.01% | Add |
| 36 | VONV | Vanguard Russell 1000 Value | — | +2.94% | Add |
| 37 | VTWG | Vanguard Russell 2000 Growth | — | +0.14% | Add |
| 38 | MDT | Medtronic plc | — | -2.55% | Trim |
| 39 | IWM | Ishares Russell 2000 ETF | — | — | Unchanged |
| 40 | VBR | Vanguard Small-cap Value ETF | — | +0.30% | Add |
| 41 | SCHE | Schwab Emrg Mrkts Eqty ETF | — | +12.52% | Add |
| 42 | SMLV | Ss Spdr US Sc Low Vol Idx | — | +0.56% | Add |
| 43 | LLY | Eli Lilly & Co | 0% | +4.68% | Add |
| 44 | LGLV | Spdr US Lc Low Vol Idx | 0% | -5.51% | Trim |
| 45 | O | Realty Income CORP | 0% | +10.87% | Add |
| 46 | COST | Costco Wholesale CORP | 0% | +3.63% | Add |
| 47 | FMC | Fmc CORP | 0% | EXIT | Sold out |
| 48 | NEE | Nextera Energy Inc | 0% | -0.10% | Trim |
| 49 | VTV | Vanguard Value ETF | 0% | -7.57% | Trim |
| 50 | ARTNA | Artesian Resources Corp-cl A | 0% | -0.75% | Trim |
1–50 of 91
Filing History
FAQ
What is Roffman Miller Associates Inc /pa/ and what type of investor is it?
Roffman Miller Associates Inc /pa/ is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $2.0B, spread across 91 disclosed positions.
What are Roffman Miller Associates Inc /pa/'s largest equity positions?
Based on the latest 13F filing, Roffman Miller Associates Inc /pa/'s top holdings by market value are:
1. Apple Inc (AAPL) — $147.6M (7.6%)
2. Microsoft CORP (MSFT) — $133.0M (6.8%)
3. Alphabet Inc-cl A (GOOGL) — $126.6M (6.5%)
4. Jpmorgan Chase & Co (JPM) — $73.9M (3.8%)
5. Amphenol Corp-cl A (APH) — $72.5M (3.7%)
What changes did Roffman Miller Associates Inc /pa/ make in its most recent portfolio filing?
In the latest reported quarter, Roffman Miller Associates Inc /pa/ made 90 notable position adjustments: 4 new positions were initiated, 48 existing holdings were added to, 37 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Eaton Corporation plc (ETN); New buy: Public Service Enterprise Gp (PEG); New buy: American Tower CORP (AMT); New buy: ; Sold out: Fmc CORP (FMC)
What sectors does Roffman Miller Associates Inc /pa/ focus on?
Roffman Miller Associates Inc /pa/ is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 35.1%
• Financials: 15.0%
• Health Care: 12.1%
• Communication Services: 10.2%
• Consumer Discretionary: 9.1%
• Industrials: 8.3%
Investment Profile
Roffman Miller Associates Inc /pa/ returned an annualized 17.0% over the trailing 36 months — underperforming the S&P 500 by 1.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.79 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 35.1% of the portfolio concentrated in Information Technology.
It has added to its INTC position over the past two quarters (+$44.7M, now $60.4M), while trimming MCD over the same stretch (-$12.2M, still holding $34.1M).
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Developer Access
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