ROFFMAN MILLER ASSOCIATES INC /PA/

PHILADELPHIA, PA · CIK 869367 · 13F filing filed 2023-08-07

SEC-registered investment adviser since 1991 · corporation

Assets managed$3.2bn
Staff15 · 14 in investment roles
Main clients (by assets)High net worth individuals 91%, Individuals 6%, Companies 3%
Websiteroffmanmiller.com
Form ADV · 2026-08-25SEC adviser record

$1.3bn reported value +6.0% vs Q1 2023

172positions

40.5%in top 10

98 new 31 added 42 reduced 0 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	523,377	$101.5m7.63%	7.63%	Reduced -16.2k	-16,227 -3.0%
2	MICROSOFT CORP COM MSFT	MSFT	253,811	$86.4m6.50%	6.50%	Reduced -5.4k	-5,391 -2.1%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	411,300	$49.2m3.70%	3.70%	Added +464	+464 0.1%
4	TEXAS INSTRS INC COM TXN	TXN	253,465	$45.6m3.43%	3.43%	Added +1.1k	+1,077 0.4%
5	MCDONALDS CORP COM MCD	MCD	151,740	$45.3m3.40%	3.40%	Reduced -1.9k	-1,900 -1.2%
6	HOME DEPOT INC COM HD	HD	143,495	$44.6m3.35%	3.35%	Added +579	+579 0.4%
7	JPMORGAN CHASE & CO COM JPM	JPM	294,034	$42.8m3.22%	3.22%	Reduced -990	-990 -0.3%
8	PEPSICO INC COM PEP	PEP	227,405	$42.1m3.17%	3.17%	Added +253	+253 0.1%
9	STRYKER CORPORATION COM SYK	SYK	132,835	$40.5m3.05%	3.05%	Reduced -2.6k	-2,631 -1.9%
10	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	183,778	$40.4m3.04%	3.04%	Added +336	+336 0.2%
11	JOHNSON & JOHNSON COM JNJ	JNJ	237,296	$39.3m2.95%	2.95%	Added +2.8k	+2,816 1.2%
12	NORDSON CORP COM NDSN	NDSN	150,215	$37.3m2.80%	2.80%	Added +184	+184 0.1%
13	RPM INTL INC COM RPM	RPM	410,708	$36.9m2.77%	2.77%	Added +3.4k	+3,428 0.8%
14	HONEYWELL INTL INC COM COM		172,039	$35.7m2.68%	2.68%	Added +1.0k	+1,010 0.6%
15	AMERICAN EXPRESS CO COM AXP	AXP	191,678	$33.4m2.51%	2.51%	Added +621	+621 0.3%
16	MCCORMICK & CO INC COM NON VTG MKC	MKC	364,536	$31.8m2.39%	2.39%	Added +33	+33 0.0%
17	CHURCH & DWIGHT CO INC COM CHD	CHD	295,744	$29.6m2.23%	2.23%	Added +2.2k	+2,154 0.7%
18	EXPONENT INC COM EXPO	EXPO	314,946	$29.4m2.21%	2.21%	Reduced -757	-757 -0.2%
19	AFLAC INC COM AFL	AFL	403,002	$28.1m2.11%	2.11%	Added +1.7k	+1,734 0.4%
20	VISA INC COM CL A V	V	116,171	$27.6m2.07%	2.07%	Added +1.8k	+1,791 1.6%
21	MERCK & CO INC COM MRK	MRK	232,712	$26.9m2.02%	2.02%	Reduced -7.1k	-7,093 -3.0%
22	AMAZON COM INC COM AMZN	AMZN	204,673	$26.7m2.01%	2.01%	Reduced -11.3k	-11,251 -5.2%
23	JOHNSON CTLS INTL PLC SHS JCI	JCI	375,087	$25.6m1.92%	1.92%	Added +6.3k	+6,298 1.7%
24	FEDEX CORP COM FDX	FDX	99,698	$24.7m1.86%	1.86%	Reduced -2.1k	-2,096 -2.1%
25	MEDTRONIC PLC SHS MDT	MDT	271,122	$23.9m1.80%	1.80%	Reduced -1.7k	-1,749 -0.6%
26	CHUBB LIMITED COM CB	CB	119,620	$23.0m1.73%	1.73%	Added +4.4k	+4,361 3.8%
27	DIAGEO PLC SPON ADR NEW DEO	DEO	128,038	$22.2m1.67%	1.67%	Added +342	+342 0.3%
28	DISNEY WALT CO COM DIS	DIS	245,614	$21.9m1.65%	1.65%	Reduced -1.2k	-1,155 -0.5%
29	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	64,291	$19.8m1.49%	1.49%	Added +2.0k	+2,042 3.3%
30	AMPHENOL CORP CL A APH	APH	215,908	$18.3m1.38%	1.38%	Added +11.3k	+11,275 5.5%
31	AIR PRODS & CHEMS INC COM APD	APD	60,068	$18.0m1.35%	1.35%	Added +2.7k	+2,722 4.8%
32	AMETEK INC COM AME	AME	110,786	$17.9m1.35%	1.35%	Added +4.5k	+4,468 4.2%
33	BANK AMERICA CORP COM BAC	BAC	614,096	$17.6m1.32%	1.32%	Reduced -4.6k	-4,571 -0.7%
34	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	32,018	$16.7m1.26%	1.26%	Added +1.1k	+1,129 3.7%
35	BOEING CO COM BA	BA	75,904	$16.0m1.21%	1.21%	Reduced -1.6k	-1,569 -2.0%
36	ADOBE INC COM ADBE	ADBE	30,785	$15.1m1.13%	1.13%	Added +1.4k	+1,444 4.9%
37	TJX COS INC NEW COM TJX	TJX	152,789	$13.0m0.97%	0.97%	Added +7.3k	+7,277 5.0%
38	VERIZON COMMUNICATIONS INC COM VZ	VZ	345,163	$12.8m0.97%	0.97%	Added +11.6k	+11,573 3.5%
39	DANAHER CORPORATION COM DHR	DHR	47,988	$11.5m0.87%	0.87%	Added +1.8k	+1,754 3.8%
40	SALESFORCE INC COM CRM	CRM	53,476	$11.3m0.85%	0.85%	Reduced -7.4k	-7,371 -12.1%
41	3M CO COM MMM	MMM	94,239	$9.4m0.71%	0.71%	Reduced -13.2k	-13,180 -12.3%
42	CONSTELLATION BRANDS INC CL A STZ	STZ	32,417	$8.0m0.60%	0.60%	Reduced -907	-907 -2.7%
43	ALCON AG ORD SHS ALC	ALC	79,472	$6.5m0.49%	0.49%	Reduced -5.5k	-5,545 -6.5%
44	UGI CORP NEW COM UGI	UGI	185,383	$5.0m0.38%	0.38%	Added +24.3k	+24,283 15.1%
45	PPL CORP COM PPL	PPL	183,508	$4.9m0.37%	0.37%	Reduced -3.9k	-3,906 -2.1%
46	ARTESIAN RES CORP CL A ARTNA	ARTNA	101,311	$4.8m0.36%	0.36%	Reduced -1.4k	-1,365 -1.3%
47	AT&T INC COM T	T	285,290	$4.6m0.34%	0.34%	Reduced -57.5k	-57,515 -16.8%
48	EXXON MOBIL CORP COM XOM	XOM	33,364	$3.6m0.27%	0.27%	Added +1.7k	+1,725 5.5%
49	KIMBERLY-CLARK CORP COM KMB	KMB	21,703	$3.0m0.23%	0.23%	Reduced -2.4k	-2,379 -9.9%
50	V F CORP COM VFC	VFC	147,128	$2.8m0.21%	0.21%	Reduced -20.2k	-20,163 -12.1%
51	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	39,423	$2.8m0.21%	0.21%	Reduced -182	-182 -0.5%
52	ALPHABET INC CAP STK CL C GOOG	GOOG	20,158	$2.4m0.18%	0.18%	Unchanged
53	COLGATE PALMOLIVE CO COM CL	CL	30,877	$2.4m0.18%	0.18%	Reduced -2.9k	-2,933 -8.7%
54	SPDR SER TR SSGA US LRG ETF LGLV	LGLV	14,532	$2.0m0.15%	0.15%	Reduced -2.0k	-2,028 -12.2%
55	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,254	$1.9m0.14%	0.14%	Reduced -572	-572 -11.8%
56	META PLATFORMS INC CL A META	META	5,393	$1.5m0.12%	0.12%	Added +1.1k	+1,101 25.6%
57	NEXTERA ENERGY INC COM NEE	NEE	18,774	$1.4m0.10%	0.10%	Reduced -1.1k	-1,092 -5.5%
58	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	5,973	$1.3m0.10%	0.10%	Reduced -699	-699 -10.5%
59	VANGUARD INDEX FDS VALUE ETF VTV	VTV	8,902	$1.3m0.10%	0.10%	Reduced -42	-42 -0.5%
60	VANGUARD SCOTTSDALE FDS VNG RUS1000VAL VONV	VONV	15,892	$1.1m0.08%	0.08%	Added +148	+148 0.9%
61	PFIZER INC COM PFE	PFE	27,413	$1.0m0.08%	0.08%	Reduced -804	-804 -2.9%
62	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	19,498	$900.4k0.07%	0.07%	Reduced -2.7k	-2,740 -12.3%
63	DISCOVER FINL SVCS COM DFS	DFS	6,833	$798.4k0.06%	0.06%	Reduced -334	-334 -4.7%
64	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	5,340	$714.6k0.05%	0.05%	Reduced -49	-49 -0.9%
65	ISHARES TR NATIONAL MUN ETF MUB	MUB	6,452	$688.6k0.05%	0.05%	Reduced -2.6k	-2,636 -29.0%
66	SPDR SER TR SSGA US SMAL ETF SMLV	SMLV	6,002	$619.9k0.05%	0.05%	Reduced -1.5k	-1,494 -19.9%
67	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	5,807	$422.1k0.03%	0.03%	Reduced -130	-130 -2.2%
68	VANGUARD SCOTTSDALE FDS VNG RUS2000GRW VTWG	VTWG	2,358	$416.1k0.03%	0.03%	Added +3	+3 0.1%
69	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	5,011	$375.6k0.03%	0.03%	Reduced -477	-477 -8.7%
70	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	2,065	$341.5k0.03%	0.03%	Reduced -736	-736 -26.3%
71	ISHARES TR RUS 2000 GRW ETF IWO	IWO	1,329	$322.6k0.02%	0.02%	Reduced -528	-528 -28.4%
72	ISHARES TR MSCI EAFE MIN VL EFAV	EFAV	3,698	$249.6k0.02%	0.02%	Reduced -573	-573 -13.4%
73	VANGUARD BD INDEX FDS INTERMED TERM BIV	BIV	3,235	$243.4k0.02%	0.02%	Reduced -15	-15 -0.5%
74	ISHARES TR RUSSELL 2000 ETF IWM	IWM	1,160	$217.2k0.02%	0.02%	Reduced -668	-668 -36.5%
75	CONSTELLATION ENERGY CORP COM CEG	CEG	1,906	$174.5k0.01%	0.01%	New
76	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	1,776	$89.1k0.01%	0.01%	New
77	ISHARES INC MSCI EMERG MRKT EEMV	EEMV	1,501	$82.5k0.01%	0.01%	New
78	CHEVRON CORP NEW COM CVX	CVX	515	$81.0k0.01%	0.01%	New
79	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	1,722	$70.0k0.01%	0.01%	New
80	BLACKROCK SCIENCE & TECHNOLO SHS BST	BST	2,000	$68.9k0.01%	0.01%	New
81	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	750	$60.9k0.00%	0.00%	New
82	FIDELITY COVINGTON TRUST MSCI RL EST ETF FREL	FREL	2,300	$57.7k0.00%	0.00%	New
83	GRAPHIC PACKAGING HLDG CO COM GPK	GPK	2,368	$56.9k0.00%	0.00%	New
84	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	260	$50.9k0.00%	0.00%	New
85	GLOBAL X FDS S&P 500 COVERED XYLD	XYLD	1,000	$41.0k0.00%	0.00%	New
86	API GROUP CORP COM STK APG	APG	1,500	$40.9k0.00%	0.00%	New
87	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	55	$39.9k0.00%	0.00%	New
88	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	479	$36.3k0.00%	0.00%	New
89	SKYWEST INC COM SKYW	SKYW	835	$34.0k0.00%	0.00%	New
90	UNIQURE NV SHS QURE	QURE	2,650	$30.4k0.00%	0.00%	New
91	PNC FINL SVCS GROUP INC COM PNC	PNC	240	$30.2k0.00%	0.00%	New
92	WINGSTOP INC COM WING	WING	134	$26.8k0.00%	0.00%	New
93	CASSAVA SCIENCES INC COM FLNA	FLNA	1,000	$24.5k0.00%	0.00%	New
94	TRUIST FINL CORP COM TFC	TFC	800	$24.3k0.00%	0.00%	New
95	HALEON PLC SPON ADS HLN	HLN	2,845	$23.8k0.00%	0.00%	New
96	MERIT MED SYS INC COM MMSI	MMSI	250	$20.9k0.00%	0.00%	New
97	BLACKROCK FLOATING RATE INCO COM XFRAX	XFRAX	1,700	$20.8k0.00%	0.00%	New
98	ISHARES TR NORTH AMERN NAT IGE	IGE	502	$19.5k0.00%	0.00%	New
99	RBB FD INC MOTLEY FOOL GBL TMFG	TMFG	717	$19.2k0.00%	0.00%	New
100	MAXIMUS INC COM MMS	MMS	210	$17.7k0.00%	0.00%	New