L. Roy Papp & Associates’s Vanguard Small-Cap Value ETF VBR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$268K	Buy	1,232 +7	+0.6%	+$1.56K	0.03%	162
2025 Q4	$260K	Buy	1,225 +11	+0.9%	+$2.3K	0.03%	168
2025 Q3	$253K	Buy	1,214 +6	+0.5%	+$1.23K	0.03%	168
2025 Q2	$236K	Hold	1,208	–	–	0.03%	168
2025 Q1	$225K	Buy	1,208 +8	+0.7%	+$1.58K	0.03%	167
2024 Q4	$238K	Buy	1,200 +6	+0.5%	+$1.23K	0.03%	164
2024 Q3	$240K	Buy	1,194 +12	+1%	+$2.31K	0.03%	162
2024 Q2	$216K	Hold	1,182	–	–	0.03%	168
2024 Q1	$227K	Buy	1,182 +6	+0.5%	+$1.08K	0.03%	169
2023 Q4	$212K	Buy	+1,176	New	+$192K	0.03%	167
2022 Q1	–	Sell	-1,126	Closed	-$201K	–	176
2021 Q4	$201K	Buy	+1,126	New	+$200K	0.02%	175
2021 Q1	–	Sell	-1,729	Closed	-$246K	–	184
2020 Q4	$246K	Buy	+1,729	New	+$223K	0.03%	161
2020 Q1	–	Sell	-1,707	Closed	-$234K	–	170
2019 Q4	$234K	Buy	1,707 +13	+0.8%	+$1.72K	0.03%	162
2019 Q3	$218K	Buy	1,694 +15	+0.9%	+$1.92K	0.03%	160
2019 Q2	$219K	Buy	+1,679	New	+$218K	0.03%	160