ROFFMAN MILLER ASSOCIATES INC /PA/

PHILADELPHIA, PA · CIK 869367 · 13F filing filed 2025-08-05

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

$1.7bn reported value +5.6% vs Q1 2025

74positions

41.2%in top 10

0 new 45 added 27 reduced 1 sold out vs Q1 2025

Holdings, Q2 2025

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	MICROSOFT CORP COM MSFT	MSFT	251,976	$125.3m7.48%	7.48%	Reduced -1.4k	-1,432 -0.6%
2	APPLE INC COM AAPL	AAPL	457,159	$93.8m5.60%	5.60%	Reduced -22.6k	-22,563 -4.7%
3	JPMORGAN CHASE & CO COM JPM	JPM	257,230	$74.6m4.45%	4.45%	Reduced -2.3k	-2,305 -0.9%
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	421,931	$74.4m4.44%	4.44%	Added +7.1k	+7,060 1.7%
5	AMAZON COM INC COM AMZN	AMZN	273,547	$60.0m3.58%	3.58%	Added +8.6k	+8,603 3.2%
6	AMERICAN EXPRESS CO COM AXP	AXP	170,544	$54.4m3.25%	3.25%	Reduced -415	-415 -0.2%
7	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	175,087	$54.0m3.22%	3.22%	Added +415	+415 0.2%
8	STRYKER CORPORATION COM SYK	SYK	129,715	$51.3m3.06%	3.06%	Added +169	+169 0.1%
9	TEXAS INSTRS INC COM TXN	TXN	245,660	$51.0m3.05%	3.05%	Reduced -4.1k	-4,097 -1.6%
10	AMPHENOL CORP CL A APH	APH	512,393	$50.6m3.02%	3.02%	Reduced -4.7k	-4,748 -0.9%
11	HOME DEPOT INC COM HD	HD	137,660	$50.5m3.01%	3.01%	Added +1.9k	+1,905 1.4%
12	MCDONALDS CORP COM MCD	MCD	155,246	$45.4m2.71%	2.71%	Added +115	+115 0.1%
13	VISA INC COM CL A V	V	126,185	$44.8m2.67%	2.67%	Reduced -201	-201 -0.2%
14	RPM INTL INC COM RPM	RPM	393,431	$43.2m2.58%	2.58%	Added +5.9k	+5,907 1.5%
15	JOHNSON & JOHNSON COM JNJ	JNJ	266,371	$40.7m2.43%	2.43%	Added +3.0k	+2,953 1.1%
16	HONEYWELL INTL INC COM COM		171,583	$40.0m2.39%	2.39%	Reduced -3.3k	-3,330 -1.9%
17	AFLAC INC COM AFL	AFL	378,455	$39.9m2.38%	2.38%	Reduced -844	-844 -0.2%
18	CHUBB LIMITED COM CB	CB	134,768	$39.0m2.33%	2.33%	Added +2.0k	+2,040 1.5%
19	PEPSICO INC COM PEP	PEP	259,473	$34.3m2.05%	2.05%	Added +15.6k	+15,614 6.4%
20	NORDSON CORP COM NDSN	NDSN	154,005	$33.0m1.97%	1.97%	Added +1.9k	+1,917 1.3%
21	DISNEY WALT CO COM DIS	DIS	234,990	$29.1m1.74%	1.74%	Added +2.3k	+2,333 1.0%
22	MCCORMICK & CO INC COM NON VTG MKC	MKC	378,298	$28.7m1.71%	1.71%	Added +1.4k	+1,416 0.4%
23	CHURCH & DWIGHT CO INC COM CHD	CHD	284,486	$27.3m1.63%	1.63%	Added +6.7k	+6,666 2.4%
24	AMETEK INC COM AME	AME	144,508	$26.2m1.56%	1.56%	Added +5.3k	+5,291 3.8%
25	BANK AMERICA CORP COM BAC	BAC	546,516	$25.9m1.54%	1.54%	Reduced -94.8k	-94,833 -14.8%
26	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	31,407	$25.2m1.50%	1.50%	Added +738	+738 2.4%
27	GENERAL DYNAMICS CORP COM GD	GD	83,282	$24.3m1.45%	1.45%	Added +4.7k	+4,676 6.0%
28	JOHNSON CTLS INTL PLC SHS JCI	JCI	229,055	$24.2m1.44%	1.44%	Reduced -92.6k	-92,567 -28.8%
29	EXPONENT INC COM EXPO	EXPO	312,795	$23.4m1.40%	1.40%	Added +2.0k	+2,019 0.7%
30	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	75,742	$22.6m1.35%	1.35%	Added +2.2k	+2,233 3.0%
31	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	121,540	$22.3m1.33%	1.33%	Added +5.0k	+5,010 4.3%
32	THE CIGNA GROUP COM CI	CI	65,238	$21.6m1.29%	1.29%	Added +4.4k	+4,364 7.2%
33	TJX COS INC NEW COM TJX	TJX	174,184	$21.5m1.28%	1.28%	Added +2.8k	+2,818 1.6%
34	SALESFORCE INC COM CRM	CRM	76,938	$21.0m1.25%	1.25%	Added +7.9k	+7,892 11.4%
35	COSTCO WHSL CORP NEW COM COST	COST	20,156	$20.0m1.19%	1.19%	Added +847	+847 4.4%
36	ADOBE INC COM ADBE	ADBE	46,384	$17.9m1.07%	1.07%	Added +2.3k	+2,307 5.2%
37	VERIZON COMMUNICATIONS INC COM VZ	VZ	394,428	$17.1m1.02%	1.02%	Added +1.5k	+1,468 0.4%
38	AIR PRODS & CHEMS INC COM APD	APD	60,457	$17.1m1.02%	1.02%	Reduced -2.4k	-2,403 -3.8%
39	EXXON MOBIL CORP COM XOM	XOM	154,727	$16.7m1.00%	1.00%	Added +26.8k	+26,775 20.9%
40	MERCK & CO INC COM MRK	MRK	205,225	$16.2m0.97%	0.97%	Added +5.2k	+5,226 2.6%
41	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	38,953	$15.8m0.94%	0.94%	Added +1.6k	+1,551 4.2%
42	PPL CORP COM PPL	PPL	298,908	$10.1m0.60%	0.60%	Added +32.9k	+32,945 12.4%
43	DIAGEO PLC SPON ADR NEW DEO	DEO	91,485	$9.2m0.55%	0.55%	Reduced -8.5k	-8,509 -8.5%
44	UGI CORP NEW COM UGI	UGI	246,737	$9.0m0.54%	0.54%	Added +30.7k	+30,703 14.2%
45	BOEING CO COM BA	BA	35,308	$7.4m0.44%	0.44%	Reduced -3.2k	-3,204 -8.3%
46	ORACLE CORP COM ORCL	ORCL	31,847	$7.0m0.42%	0.42%	Reduced -10.2k	-10,250 -24.4%
47	DANAHER CORPORATION COM DHR	DHR	33,809	$6.7m0.40%	0.40%	Reduced -2.5k	-2,533 -7.0%
48	AT&T INC COM T	T	214,209	$6.2m0.37%	0.37%	Added +433	+433 0.2%
49	META PLATFORMS INC CL A META	META	7,141	$5.3m0.31%	0.31%	Added +14	+14 0.2%
50	ALPHABET INC CAP STK CL C GOOG	GOOG	28,697	$5.1m0.30%	0.30%	Reduced -869	-869 -2.9%
51	CONSTELLATION BRANDS INC CL A STZ	STZ	27,523	$4.5m0.27%	0.27%	Reduced -2.2k	-2,217 -7.5%
52	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	6,762	$4.2m0.25%	0.25%	Added +220	+220 3.4%
53	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	35,836	$3.9m0.23%	0.23%	Added +42	+42 0.1%
54	3M CO COM MMM	MMM	24,887	$3.8m0.23%	0.23%	Reduced -2.3k	-2,268 -8.3%
55	ARTESIAN RES CORP CL A ARTNA	ARTNA	107,275	$3.6m0.21%	0.21%	Added +16.0k	+15,981 17.5%
56	FEDEX CORP COM FDX	FDX	15,124	$3.4m0.21%	0.21%	Reduced -1.2k	-1,224 -7.5%
57	COLGATE PALMOLIVE CO COM CL	CL	24,021	$2.2m0.13%	0.13%	Reduced -338	-338 -1.4%
58	SPDR SER TR SSGA US LRG ETF LGLV	LGLV	12,094	$2.1m0.13%	0.13%	Added +48	+48 0.4%
59	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	6,866	$2.1m0.12%	0.12%	Reduced -732	-732 -9.6%
60	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	6,947	$2.0m0.12%	0.12%	Added +62	+62 0.9%
61	ALBEMARLE CORP COM ALB	ALB	30,017	$1.9m0.11%	0.11%	Reduced -13.5k	-13,473 -31.0%
62	VANGUARD INDEX FDS VALUE ETF VTV	VTV	9,106	$1.6m0.10%	0.10%	Unchanged
63	MEDTRONIC PLC SHS MDT	MDT	15,305	$1.3m0.08%	0.08%	Reduced -3.9k	-3,925 -20.4%
64	KIMBERLY-CLARK CORP COM KMB	KMB	10,047	$1.3m0.08%	0.08%	Reduced -745	-745 -6.9%
65	VANGUARD SCOTTSDALE FDS VNG RUS1000VAL VONV	VONV	14,564	$1.2m0.07%	0.07%	Added +61	+61 0.4%
66	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	21,104	$1.2m0.07%	0.07%	Added +189	+189 0.9%
67	NEXTERA ENERGY INC COM NEE	NEE	15,021	$1.0m0.06%	0.06%	Added +227	+227 1.5%
68	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	33,646	$982.8k0.06%	0.06%	Reduced -265	-265 -0.8%
69	PFIZER INC COM PFE	PFE	25,996	$630.1k0.04%	0.04%	Added +4.7k	+4,706 22.1%
70	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	2,660	$518.8k0.03%	0.03%	Reduced -102	-102 -3.7%
71	VANGUARD SCOTTSDALE FDS VNG RUS2000GRW VTWG	VTWG	2,157	$449.6k0.03%	0.03%	Added +4	+4 0.2%
72	SPDR SER TR SSGA US SMAL ETF SMLV	SMLV	2,932	$366.8k0.02%	0.02%	Added +16	+16 0.6%
73	ISHARES TR RUS 2000 GRW ETF IWO	IWO	1,230	$351.7k0.02%	0.02%	Added +18	+18 1.5%
74	ISHARES TR RUSSELL 2000 ETF IWM	IWM	1,127	$243.2k0.01%	0.01%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
DISCOVER FINL SVCS DFS	DFS	4,371	$746.1k4.4k shares