SEC 13F Intelligence

Managers / Q2 2019 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

CIK 0001089707 · 5305 EAST 2ND STREET, STE 201, LONG BEACH, CA, 90803 · 5624345305

Reported Value
$109M
Q2 2019
Positions
88
Filings on Record
32
2019–present window
Filed
Jul 19, 2019
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $109M in U.S.-listed holdings across 88 positions for Q2 2019.

Its largest position, AAPL, represents 4.3% of the portfolio.

Compared with Q1 2019, the fund opened 5 new positions and exited 5.

Portfolio Metrics

Turnover
+7.4%
vs prior filed quarter
Top-10 Concentration
+28.0%
share of reported value
Largest Position
+4.3%
Apple
New / Exited
5 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $94MQ4 ’18Q1 ’19: $107MQ2 ’19: $109MQ3 ’19: $105MQ4 ’19: $115MQ4 ’19Q1 ’20: $88MQ2 ’20: $107MQ4 ’20: $130MQ1 ’21: $142MQ1 ’21Q2 ’21: $150MQ3 ’21: $155MQ4 ’21: $172MQ1 ’22: $163MQ1 ’22Q2 ’22: $130MQ3 ’22: $118MQ4 ’22: $122MQ1 ’23: $130MQ1 ’23Q2 ’23: $133MQ3 ’23: $126MQ4 ’23: $135MQ1 ’24: $144MQ1 ’24Q2 ’24: $138MQ3 ’24: $142MQ4 ’24: $143MQ1 ’25: $137MQ1 ’25Q2 ’25: $151MQ3 ’25: $154MQ4 ’25: $149MQ1 ’26: $141MQ1 ’26Q2 ’26: $152Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 90.0%REIT: 3.6%ETP: 3.3%Other: 1.7%ADR: 1.0%Open-End Fund: 0.4%
  • Common Stock · 90.0% · $98M
  • REIT · 3.6% · $4M
  • ETP · 3.3% · $4M
  • Other · 1.7% · $2M
  • ADR · 1.0% · $1M
  • Open-End Fund · 0.4% · $472,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RAYTHEONNEW+10.2K10.2K+$2M$2M
ULTAULTA BEAUTYNEW+4.3K4.3K+$1M$1M
ADBEADOBE SYSTEMS INCNEW+4.5K4.5K+$1M$1M
BACBANK OF AMERICANEW+20.4K20.4K+$591,000$591,000
FDVLXFIDELITY VALUENEW+17.5K17.5K+$183,000$183,000
ALTABASOLD OUT−24.1K0−$2M$0
QCOMQUALCOMM INCSOLD OUT−21.0K0−$1M$0
ABBVABBVIE INCSOLD OUT−14.0K0−$1M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

87 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.33%$5M23.8K
2GOOGLALPHABET CLASS ACOM3.20%$3M3.2K
3MSFTMICROSOFT CORPhistory →COM3.11%$3M25.3K
4VVISA INChistory →COM2.84%$3M17.8K
5METAFACEBOOKhistory →COM2.75%$3M15.5K
6JNJJOHNSON& JOHNSONhistory →COM2.53%$3M19.8K
7DISDISNEY WALT COhistory →COM2.44%$3M19.0K
8BLACKROCKCOM2.41%$3M5.6K
9AMGNAMGEN INChistory →COM2.21%$2M13.1K
10CVXCHEVRON CORP NEWhistory →COM2.18%$2M19.0K
11AWKAMERICAN WATER WORKShistory →COM2.14%$2M20.1K
12EMREMERSON ELECTRIC COMPANYhistory →COM2.13%$2M34.7K
13JPMJPMORGAN CHASE& COhistory →COM2.10%$2M20.4K
14PGPROCTER AND GAMBLE COMPANYhistory →COM2.04%$2M20.3K
15MSGSMADISON SQUARE GARDENhistory →COM1.97%$2M7.7K
16UTXZUNITED TECHNOLOGIES CORPhistory →COM1.94%$2M16.2K
17PRUPRUDENTIAL FINANCIALhistory →COM1.93%$2M20.8K
18UPSUNITED PARCEL SERVICEhistory →COM1.92%$2M20.3K
19MLMMARTIN MARIETTA MATERIALShistory →COM1.82%$2M8.6K
20PYPLPAYPAL HLDGS INChistory →COM1.80%$2M17.1K
21DALDELTA AIRLINEShistory →COM1.76%$2M33.8K
22LMTLOCKHEED MARTIN CORPhistory →COM1.74%$2M5.2K
23SPGIS&P GLOBALhistory →COM1.72%$2M8.2K
24VLOVALERO ENERGY CORPhistory →COM1.69%$2M21.5K
25CSCOCISCO SYSTEMS INChistory →COM1.68%$2M33.4K
26VFCV F CORPhistory →COM1.67%$2M20.9K
27RAYTHEONCOM1.63%$2M10.2K
28SYKSTRYKER CORPhistory →COM1.51%$2M8.0K
29BUNGE LIMITEDCOM1.46%$2M28.6K
30BRK/BBERKSHIRE HATHAWAY INC CLASS Bhistory →COM1.46%$2M7.5K
31FLEETCOR TECHNOLOGIESCOM1.44%$2M5.6K
32RCLROYAL CARIBBEAN CRUISE LINEhistory →COM1.44%$2M12.9K
33EXMOCEXXON MOBIL CORPhistory →COM1.40%$2M20.0K
34DDOMINION ENERGY INChistory →COM1.39%$2M19.6K
35ELVANTHEMhistory →COM1.37%$1M5.3K
36ULTAULTA BEAUTYhistory →COM1.35%$1M4.3K
37CTSHCOGNIZANT TECHNOLOGY SOLUTIONShistory →COM1.30%$1M22.3K
38FDXFEDEX CORPhistory →COM1.29%$1M8.6K
39CMCSACOMCAST CORP CL Ahistory →COM1.22%$1M31.4K
40ADBEADOBE SYSTEMS INChistory →COM1.21%$1M4.5K
41TAT&T INChistory →COM1.16%$1M37.6K
42BNYBANK OF NEW YORK MELLONhistory →COM1.15%$1M28.4K
43CCLCARNIVAL CORPhistory →COM1.11%$1M25.9K
44KOCOCA-COLA COMPANYhistory →COM1.10%$1M23.6K
45BKNGBOOKING HOLDINGS INChistory →COM1.09%$1M635
46HOWARD HUGHESCOM1.04%$1M9.2K
47NPSNYNASPERShistory →COM1.03%$1M23.1K
48UHALAMERCOCOM0.98%$1M2.8K
49VZVERIZON COMMUNICATIONSCOM0.93%$1M17.7K
50PEPPEPSICO INCCOM0.57%$621,0004.7K
51HDHOME DEPOT INCCOM0.55%$600,0002.9K
52SCHBSCHWAB US BROAD MARKETCOM0.54%$593,0008.4K
53BACBANK OF AMERICACOM0.54%$591,00020.4K
54AWRAMERICAN STATES WATERCOM0.49%$536,0007.1K
55SCHZSCHWAB US AGGREGATE BONDCOM0.48%$527,0009.9K
56GLDSPDR GOLD TRUSTCOM0.48%$523,0003.9K
57PNCPNC FINANCIAL SERVICES GROUPCOM0.43%$463,0003.4K
58SPYS&P 500 DEPOSITORY RECEIPTSCOM0.41%$447,0001.5K
59AVBAVALONBAY COMMUNITIESCOM0.40%$439,0002.2K
60AMTAMERICAN TOWER CORPCOM0.37%$404,0002.0K
61PSAPUBLIC STORAGECOM0.36%$397,0001.7K
62MMM3M COCOM0.36%$393,0002.3K
63EQIXEQUINIXCOM0.36%$387,000768
64PLDPROLOGISCOM0.35%$383,0004.8K
65UNHUNITEDHEALTH GROUP INCCOM0.33%$364,0001.5K
66NKENIKE INC CL BCOM0.33%$362,0004.3K
67WELLWELLTOWER INCCOM0.33%$359,0004.4K
68BXPBOSTON PROPERTIES INCCOM0.33%$358,0002.8K
69SCHFSCHWAB INTERNATIONALCOM0.32%$348,00010.8K
70WYWEYERHAEUSER COMPANYCOM0.32%$348,00013.2K
71INTCINTEL CORPCOM0.32%$344,0007.2K
72BABOEING COMPANYCOM0.31%$341,000937
73GSGOLDMAN SACHS GROUP INCCOM0.31%$334,0001.6K
74SCHDSCHWAB US DIVIDENDCOM0.30%$328,0006.2K
75TRVTRAVELERS COCOM0.30%$327,0002.2K
76SPGSIMON PPTY GROUP INC NEWCOM0.29%$316,0002.0K
77IJHISHARES CORE S&P MID CAPCOM0.28%$303,0001.6K
78SWTSXSCHWAB TOTAL STOCK MKT INDEXFUND0.27%$289,0005.6K
79EFAISHARES MSCI EAFE INDCOM0.26%$288,0004.4K
80HSTHOST HOTELS& RESORTSCOM0.26%$281,00015.4K
81MRKMERCK& CO. INC.COM0.25%$275,0003.3K
82OREALTY INCOMECOM0.24%$266,0003.9K
83PFEPFIZER INCCOM0.22%$239,0005.5K
84SCHWAB 529MODERATELY AGGRES0.20%$222,0007.3K
85IJRISHARES CORE S&P SMALL CAPCOM0.20%$218,0002.8K
86FDVLXFIDELITY VALUEFUND0.17%$183,00017.5K
87PLUGPLUG POWERCOM0.02%$23,00010.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$152M84Jul 10, 202613F-HRchanges · EDGAR ↗
Q1 2026$141M83Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$149M83Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$154M85Oct 24, 202513F-HRchanges · EDGAR ↗
Q2 2025$151M83Jul 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$137M81Apr 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$143M85Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$142M84Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$138M84Aug 2, 202413F-HRchanges · EDGAR ↗
Q1 2024$144M89Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$135M87Jan 19, 202413F-HRchanges · EDGAR ↗
Q3 2023$126M86Oct 23, 202313F-HRchanges · EDGAR ↗
Q2 2023$133M85Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$130M88Apr 17, 202313F-HRchanges · EDGAR ↗
Q4 2022$122M87Jan 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$118M87Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$130M88Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$163M90May 24, 202213F-HRchanges · EDGAR ↗
Q4 2021$172M88Jan 24, 202213F-HRchanges · EDGAR ↗
Q3 2021$155M86Oct 22, 202113F-HRchanges · EDGAR ↗
Q2 2021$150M85Jul 23, 202113F-HRchanges · EDGAR ↗
Q1 2021$142M154Apr 19, 202113F-HRchanges · EDGAR ↗
Q4 2020$130M87Jan 25, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2020$107M78Jul 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$88M79Apr 20, 202013F-HRchanges · EDGAR ↗
Q4 2019$115M88Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$105M89Oct 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$109M88Jul 19, 201913F-HRchanges · EDGAR ↗
Q1 2019$107M88Apr 12, 201913F-HRchanges · EDGAR ↗
Q4 2018$94M85Jan 25, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.