# EDGAR Filing Document

**Accession Number:** 0001477597
**File Stem:** 0001752724-25-181083
**Filing Date:** 2025-7
**Character Count:** 13866
**Document Hash:** 0488fa2fb1da0dfb7b0cd47715226cc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-181083.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-181083

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Papp Investment Trust
- **CENTRAL INDEX KEY:** 0001477597

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22359
- **FILM NUMBER:** 251157736

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Papp Small & Mid-Cap Growth Fund (Series ID: S000027941)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000084913 | Papp Small & Mid-Cap Growth Fund | PAPPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Papp Investment Trust

- **b. Investment Company Act file number:** 811-22359

- **c. CIK number of Registrant:** 0001477597

- **d. LEI of Registrant:** 5493003YT5D3OH7HI658

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2201 E. Camelback Road

  - **City:** Phoenix

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85016

  - **Telephone number:** 602-956-0980

**Item A.2. Information about the Series.**

- **a. Name of Series:** PAPP SMALL & MID-CAP GROWTH FUND

- **b. EDGAR series identifier (if any):** S000027941

- **c. LEI of Series:** 5493003YT5D3OH7HI658

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $42218683.89

**Total Liabilities:** $18280.00

**Net Assets:** $42200403.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000084913 | -5.34%               | -2.50%               | 4.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $893.95                  | $-2333720.55                               |
| Month 2  | $0.00                    | $-1011504.80                               |
| Month 3  | $0.00                    | $1798132.65                                |

### Schedule of Portfolio Investments

| Name                                        | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Expeditors International Of Washington Inc. | Expeditors International of Washington, Inc.             | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     22100 | NS      | $2491333.00   | 5.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                    | Valmont Industries, Inc.                                 | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      2500 | NS      | $795100.00    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.                     | T. Rowe Price Group, Inc.                                | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     11200 | NS      | $1048208.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                    | O'Reilly Automotive, Inc.                                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2570 | NS      | $3514475.00   | 8.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Idex Corporation                            | IDEX Corporation                                         | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     11000 | NS      | $1990010.00   | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                                | AMETEK, Inc.                                             | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     15900 | NS      | $2841966.00   | 6.73%             |  |  |  | No            |                  1 | On Loan: No      |
| The Clorox Company                          | Clorox Company (The)                                     | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      3500 | NS      | $461580.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                 | ResMed, Inc.                                             | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      5300 | NS      | $1297387.00   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                            | Pool Corporation                                         | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      1500 | NS      | $450885.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                 | Ecolab, Inc.                                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     10000 | NS      | $2656200.00   | 6.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                               | Dynatrace, Inc.                                          | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $540100.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                           | SPDR S&P Biotech ETF                                     | CUSIP: 78464A870<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      8300 | NS      | $657277.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                      | Permian Resources Corporation                            | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     40000 | NS      | $504400.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                            | RBC Bearings, Inc.                                       | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8350 | NS      | $3055014.50   | 7.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                            | CoStar Group, Inc.                                       | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26250 | NS      | $1930950.00   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.                     | Church & Dwight Company, Inc.                            | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     17000 | NS      | $1671270.00   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust            | Fidelity Institutional Money Market Government Portfolio | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    799985 | PA      | $799985.04    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc            | Mettler-Toledo International, Inc.                       | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      1885 | NS      | $2178155.20   | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories, Inc.                  | Silicon Laboratories, Inc.                               | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      7100 | NS      | $855763.00    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                             | Pegasystems, Inc.                                        | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     17130 | NS      | $1681309.50   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                 | Trimble Inc                                              | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     25500 | NS      | $1817385.00   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Company, Incorporated           | McCormick & Company, Inc. Non-Voting Shares              | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     17400 | NS      | $1265502.00   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ansys Inc                                   | ANSYS, Inc.                                              | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |      6820 | NS      | $2256192.40   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Informatica Inc                             | Informatica, Inc.                                        | CUSIP: 45674M101<br>LEI: 984500E0DEFFE6DE9588 | Long             | EC               | CORP              | US        |     38800 | NS      | $931588.00    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                             | Bio-Techne Corporation                                   | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      6700 | NS      | $324280.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                               | Valvoline, Inc.                                          | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     14750 | NS      | $510202.50    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                           | Yeti Holdings, Inc.                                      | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     14900 | NS      | $455344.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                       | NXP Semiconductors N.V.                                  | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      4400 | NS      | $840972.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.               | FactSet Research Systems, Inc.                           | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      5100 | NS      | $2337126.00   | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

**Name of Applicant:** Papp Small & Mid-Cap Growth Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** VP, Fund Accounting