# EDGAR Filing Document

**Accession Number:** 0001477597
**File Stem:** 0001752724-23-009065
**Filing Date:** 2023-1
**Character Count:** 13174
**Document Hash:** 2006fe26344de8005bbaa6309083e748
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009065.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-009065

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Papp Investment Trust
- **CENTRAL INDEX KEY:** 0001477597
- **IRS NUMBER:** 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:** 23544179

**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:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $40966601.46

**Total Liabilities:** $31850.09

**Net Assets:** $40934751.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000084913 | -8.99%               | 9.63%                | 7.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-3400466.18                               |
| Month 2  | $-372084.49              | $3738922.65                                |
| Month 3  | $0.00                    | $2688292.75                                |

### 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      | $2564926.00   | 6.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                    | Valmont Industries, Inc.                                  | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      2500 | NS      | $846650.00    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group                          | T. Rowe Price Group, Inc.                                 | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     11200 | NS      | $1398992.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                    | O'Reilly Automotive, Inc.                                 | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      3500 | NS      | $3025890.00   | 7.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Idex Corporation                            | IDEX Corporation                                          | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     11000 | NS      | $2612390.00   | 6.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                                | AMETEK, Inc.                                              | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     17900 | NS      | $2549318.00   | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The Clorox Company                          | Clorox Company (The)                                      | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      3500 | NS      | $520275.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                 | ResMed, Inc.                                              | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      5300 | NS      | $1220060.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                 | Ecolab, Inc.                                              | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     10000 | NS      | $1498300.00   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company           | Pioneer Natural Resources Company                         | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      1600 | NS      | $377584.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust                           | SPDRS& P Biotech ETF                                      | CUSIP: 78464A870<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     13300 | NS      | $1112146.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                            | RBC Bearings, Inc.                                        | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8350 | NS      | $1978699.50   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                            | CoStar Group, Inc.                                        | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26250 | NS      | $2127300.00   | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co., Inc.                   | Church & Dwight Company, Inc.                             | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     17000 | NS      | $1391790.00   | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Institutional Cash Portfolios      | Fidelity Institutional Money Market Government Por Tfolio | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   1201642 | PA      | $1201642.25   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc            | Mettler-Toledo International, Inc.                        | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      1885 | NS      | $2770120.60   | 6.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories, Inc.                  | Silicon Laboratories, Inc.                                | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      7100 | NS      | $1032624.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                    | ICON plc                                                  | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | US        |      4537 | NS      | $977451.28    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                             | Pegasystems, Inc.                                         | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     17130 | NS      | $620962.50    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                 | Trimble, Inc.                                             | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     25500 | NS      | $1523625.00   | 3.72%             |  |  |  | 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      | $1482132.00   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ansys Inc                                   | ANSYS, Inc.                                               | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |      6820 | NS      | $1734326.00   | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Informatica Inc                             | Informatica, Inc.                                         | CUSIP: 45674M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60600 | NS      | $1041108.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Incorporated                       | Teleflex, Inc.                                            | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      3600 | NS      | $842832.00    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                           | Yeti Holdings, Inc.                                       | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     29800 | NS      | $1337722.00   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                       | NXP Semiconductors N.V.                                   | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | US        |      4400 | NS      | $773696.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.               | FactSet Research Systems, Inc.                            | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      5100 | NS      | $2352579.00   | 5.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-21

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

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** VP, Fund Accounting