SEC 13F Intelligence

Managers / Q3 2019 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$105M
Q3 2019
Positions
89
Filings on Record
31
2019–present window
Filed
Oct 7, 2019
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $105M in U.S.-listed holdings across 89 positions for Q3 2019.

Its largest position, AAPL, represents 5.1% of the portfolio.

Compared with Q2 2019, the fund opened 4 new positions and exited 3.

Portfolio Metrics

Turnover
+7.0%
vs prior filed quarter
Top-10 Concentration
+29.8%
share of reported value
Largest Position
+5.1%
Apple
New / Exited
4 / 3
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
Q1 ’19: $107MQ1 ’19Q2 ’19: $109MQ3 ’19: $105MQ4 ’19: $115MQ1 ’20: $88MQ1 ’20Q2 ’20: $107MQ4 ’20: $130MQ1 ’21: $142MQ2 ’21: $150MQ2 ’21Q3 ’21: $155MQ4 ’21: $172MQ1 ’22: $163MQ2 ’22: $130MQ2 ’22Q3 ’22: $118MQ4 ’22: $122MQ1 ’23: $130MQ2 ’23: $133MQ2 ’23Q3 ’23: $126MQ4 ’23: $135MQ1 ’24: $144MQ2 ’24: $138MQ2 ’24Q3 ’24: $142MQ4 ’24: $143MQ1 ’25: $137MQ2 ’25: $151MQ2 ’25Q3 ’25: $154MQ4 ’25: $149MQ1 ’26: $141MQ2 ’26: $152MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 89.6%ETP: 3.6%REIT: 3.6%Other: 1.7%ADR: 1.0%Open-End Fund: 0.4%
  • Common Stock · 89.6% · $94M
  • ETP · 3.6% · $4M
  • REIT · 3.6% · $4M
  • Other · 1.7% · $2M
  • ADR · 1.0% · $1M
  • Open-End Fund · 0.4% · $446,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CBCHUBBNEW+11.5K11.5K+$2M$2M
CSGPCOSTAR GROUPNEW+2.1K2.1K+$1M$1M
PROSYPROSUS N VNEW+23.1K23.1K+$337,000$337,000
SCHOSCHWAB ST US TREASURY BONDNEW+4.3K4.3K+$218,000$218,000
MMM3M COSOLD OUT−2.3K0−$393,000$0
SPGSIMON PPTY GROUP INC NEWSOLD OUT−2.0K0−$316,000$0
PFEPFIZER INCSOLD OUT−5.5K0−$239,000$0
UPSUNITED PARCEL SERVICETRIMMED−10.3K9.9K−$902,000$1M

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

Holdings — Q3 2019

88 positions (from 89 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.12%$5M23.9K
2GOOGLALPHABET CLASS ACOM3.75%$4M3.2K
3MSFTMICROSOFT CORPhistory →COM3.35%$4M25.2K
4VVISA INChistory →COM2.90%$3M17.7K
5METAFACEBOOKhistory →COM2.64%$3M15.5K
6JNJJOHNSON& JOHNSONhistory →COM2.48%$3M20.0K
7DISDISNEY WALT COhistory →COM2.41%$3M19.3K
8AWKAMERICAN WATER WORKShistory →COM2.38%$2M20.1K
9BLACKROCKCOM2.38%$2M5.6K
10AMGNAMGEN INChistory →COM2.36%$2M12.7K
11JPMJPMORGAN CHASE& COhistory →COM2.29%$2M20.4K
12UTXZUNITED TECHNOLOGIES CORPhistory →COM2.12%$2M16.2K
13MLMMARTIN MARIETTA MATERIALShistory →COM2.11%$2M8.0K
14MSGSMADISON SQUARE GARDENhistory →COM1.99%$2M7.9K
15LMTLOCKHEED MARTIN CORPhistory →COM1.94%$2M5.2K
16RAYTHEONCOM1.94%$2M10.3K
17PGPROCTER AND GAMBLE COMPANYhistory →COM1.94%$2M16.3K
18PRUPRUDENTIAL FINANCIALhistory →COM1.79%$2M20.8K
19VFCV F CORPhistory →COM1.78%$2M21.0K
20CBCHUBBhistory →COM1.78%$2M11.5K
21PYPLPAYPAL HLDGS INChistory →COM1.72%$2M17.4K
22SYKSTRYKER CORPhistory →COM1.67%$2M8.1K
23CSCOCISCO SYSTEMS INChistory →COM1.59%$2M33.6K
24BUNGE LIMITEDCOM1.53%$2M28.4K
25FLEETCOR TECHNOLOGIESCOM1.53%$2M5.6K
26DDOMINION ENERGY INChistory →COM1.52%$2M19.6K
27BRK/BBERKSHIRE HATHAWAY INC CLASS Bhistory →COM1.48%$2M7.5K
28ULTAULTA BEAUTYhistory →COM1.48%$2M6.2K
29SPGIS&P GLOBALhistory →COM1.45%$2M6.2K
30CMCSACOMCAST CORP CL Ahistory →COM1.40%$1M32.4K
31ADBEADOBE SYSTEMS INChistory →COM1.37%$1M5.2K
32TAT&T INChistory →COM1.36%$1M37.6K
33RCLROYAL CARIBBEAN CRUISE LINEhistory →COM1.34%$1M12.9K
34CTSHCOGNIZANT TECHNOLOGY SOLUTIONShistory →COM1.30%$1M22.6K
35ELVANTHEMhistory →COM1.26%$1M5.5K
36KOCOCA-COLA COMPANYhistory →COM1.23%$1M23.6K
37CSGPCOSTAR GROUPhistory →COM1.20%$1M2.1K
38BKNGBOOKING HOLDINGS INChistory →COM1.19%$1M635
39UPSUNITED PARCEL SERVICEhistory →COM1.14%$1M9.9K
40CVXCHEVRON CORP NEWhistory →COM1.10%$1M9.7K
41BNYBANK OF NEW YORK MELLONhistory →COM1.09%$1M25.3K
42EMREMERSON ELECTRIC COMPANYhistory →COM1.09%$1M17.1K
43CCLCARNIVAL CORPhistory →COM1.09%$1M26.0K
44VZVERIZON COMMUNICATIONSCOM0.98%$1M17.1K
45DALDELTA AIRLINESCOM0.92%$965,00016.7K
46VLOVALERO ENERGY CORPCOM0.87%$915,00010.7K
47HOWARD HUGHESCOM0.79%$824,0006.4K
48EXMOCEXXON MOBIL CORPCOM0.73%$765,00010.8K
49NPSNYNASPERSCOM0.66%$693,00023.1K
50HDHOME DEPOT INCCOM0.65%$679,0002.9K
51PEPPEPSICO INCCOM0.62%$648,0004.7K
52AWRAMERICAN STATES WATERCOM0.61%$640,0007.1K
53FDXFEDEX CORPCOM0.60%$627,0004.3K
54BACBANK OF AMERICACOM0.57%$595,00020.4K
55UHALAMERCOCOM0.54%$567,0001.5K
56SCHBSCHWAB US BROAD MARKETCOM0.52%$547,0007.7K
57GLDSPDR GOLD TRUSTCOM0.52%$545,0003.9K
58SCHZSCHWAB US AGGREGATE BONDCOM0.49%$516,0009.6K
59PNCPNC FINANCIAL SERVICES GROUPCOM0.48%$499,0003.6K
60AVBAVALONBAY COMMUNITIESCOM0.45%$466,0002.2K
61SPYS&P 500 DEPOSITORY RECEIPTSCOM0.43%$453,0001.5K
62AMTAMERICAN TOWER CORPCOM0.43%$450,0002.0K
63PSAPUBLIC STORAGECOM0.39%$408,0001.7K
64PLDPROLOGISCOM0.39%$408,0004.8K
65WELLWELLTOWER INCCOM0.38%$396,0004.4K
66NKENIKE INC CL BCOM0.38%$395,0004.2K
67SCHDSCHWAB US DIVIDENDCOM0.38%$394,0007.2K
68EQIXEQUINIXCOM0.36%$381,000660
69UNHUNITEDHEALTH GROUP INCCOM0.36%$373,0001.7K
70INTCINTEL CORPCOM0.35%$370,0007.2K
71BXPBOSTON PROPERTIES INCCOM0.34%$360,0002.8K
72BABOEING COMPANYCOM0.34%$351,000922
73WYWEYERHAEUSER COMPANYCOM0.33%$342,00012.3K
74PROSYPROSUS N VCOM0.32%$337,00023.1K
75SCHFSCHWAB INTERNATIONALCOM0.31%$320,00010.0K
76TRVTRAVELERS COCOM0.30%$317,0002.1K
77IJHISHARES CORE S&P MID CAPCOM0.29%$301,0001.6K
78OREALTY INCOMECOM0.28%$295,0003.9K
79EFAISHARES MSCI EAFE INDCOM0.27%$286,0004.4K
80MRKMERCK& CO. INC.COM0.26%$267,0003.2K
81HSTHOST HOTELS& RESORTSCOM0.26%$267,00015.4K
82SWTSXSCHWAB TOTAL STOCK MKT INDEXFUND0.25%$263,0005.0K
83SCHWAB 529MODERATELY AGGRES0.21%$222,0007.3K
84GSGOLDMAN SACHS GROUP INCCOM0.21%$221,0001.1K
85SCHOSCHWAB ST US TREASURY BONDCOM0.21%$218,0004.3K
86IJRISHARES CORE S&P SMALL CAPCOM0.21%$217,0002.8K
87FDVLXFIDELITY VALUEFUND0.17%$183,00017.5K
88PLUGPLUG POWERCOM0.02%$26,00010.0K

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 ↗

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 ↗.