SEC 13F Intelligence

Managers / Q4 2020 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$130M
Q4 2020
Positions
87
Filings on Record
32
2019–present window
Filed
Jan 25, 2021
amendment (RESTATEMENT)

Summary

Lederer & Associates Investment Counsel/Ca reported $130M in U.S.-listed holdings across 87 positions for Q4 2020.

Its largest position, AAPL, represents 7.9% of the portfolio.

Compared with Q2 2020, the fund opened 11 new positions and exited 2.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+34.6%
share of reported value
Largest Position
+7.9%
Apple
New / Exited
11 / 2
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: 88.6%ETP: 7.5%REIT: 3.4%Open-End Fund: 0.3%Other: 0.2%
  • Common Stock · 88.6% · $115M
  • ETP · 7.5% · $10M
  • REIT · 3.4% · $4M
  • Open-End Fund · 0.3% · $429,000
  • Other · 0.2% · $278,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
SCHVSCHWAB US LARGE VALUENEW+16.2K16.2K+$964,000$964,000
SCHGSCHWAB US LARGE GROWTHNEW+6.0K6.0K+$772,000$772,000
SCHJSCHWAB 1-5 YEAR CORPORATENEW+13.8K13.8K+$710,000$710,000
SCHPSCHWAB US TIPSNEW+7.6K7.6K+$470,000$470,000
GSGOLDMAN SACHS GROUP INCNEW+1.5K1.5K+$400,000$400,000
SCHHSCHWAB US REITNEW+10.0K10.0K+$381,000$381,000
PLUGPLUG POWERNEW+8.0K8.0K+$271,000$271,000
IJRISHARES CORE S&P SMALL CAPNEW+2.8K2.8K+$255,000$255,000

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

Holdings — Q4 2020

86 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM7.88%$10M77.4K
2MSFTMICROSOFT CORPhistory →COM6.04%$8M35.4K
3GOOGLALPHABET CLASS ACOM3.26%$4M2.4K
4AMZNAMAZON.COM INChistory →COM3.16%$4M1.3K
5ADPAUTOMATIC DATA PROCESSINGhistory →COM2.45%$3M18.1K
6PYPLPAYPAL HLDGS INChistory →COM2.39%$3M13.3K
7VVISA INChistory →COM2.38%$3M14.2K
8JNJJOHNSON& JOHNSONhistory →COM2.34%$3M19.4K
9METAFACEBOOKhistory →COM2.33%$3M11.1K
10BLACKROCKCOM2.32%$3M4.2K
11LMTLOCKHEED MARTIN CORPhistory →COM2.20%$3M8.1K
12BMYBRISTOL-MYERS SQUIBB COhistory →COM1.99%$3M41.8K
13JPMJPMORGAN CHASE& COhistory →COM1.98%$3M20.3K
14DISDISNEY WALT COhistory →COM1.98%$3M14.2K
15MCDMCDONALDS CORPhistory →COM1.92%$3M11.7K
16RTXRAYTHEON TECHNOLOGIES CORPhistory →COM1.91%$2M34.8K
17AWKAMERICAN WATER WORKShistory →COM1.85%$2M15.7K
18NEENEXTERA ENERGYhistory →COM1.81%$2M30.6K
19AMGNAMGEN INChistory →COM1.81%$2M10.2K
20PGPROCTER AND GAMBLE COMPANYhistory →COM1.79%$2M16.7K
21ADBEADOBE SYSTEMS INChistory →COM1.78%$2M4.6K
22MDTMEDTRONIC PLChistory →COM1.78%$2M19.8K
23CBCHUBBhistory →COM1.67%$2M14.2K
24SBUXSTARBUCKS CORPORATIONhistory →COM1.59%$2M19.4K
25CSCOCISCO SYSTEMS INChistory →COM1.54%$2M45.0K
26SYKSTRYKER CORPhistory →COM1.49%$2M7.9K
27ELVANTHEMhistory →COM1.40%$2M5.7K
28SPGIS&P GLOBALhistory →COM1.38%$2M5.5K
29CMCSACOMCAST CORP CL Ahistory →COM1.37%$2M34.2K
30WMWASTE MANAGEMENThistory →COM1.37%$2M15.2K
31SYYSYSCO CORPhistory →COM1.36%$2M23.8K
32BRK/BBERKSHIRE HATHAWAY INC CLASS Bhistory →COM1.26%$2M7.1K
33MLMMARTIN MARIETTA MATERIALShistory →COM1.18%$2M5.4K
34FLEETCOR TECHNOLOGIESCOM1.13%$1M5.4K
35BALLBALLhistory →COM1.11%$1M15.5K
36WBAWALGREEN BOOTS ALLIANCE INChistory →COM1.09%$1M35.5K
37DDOMINION ENERGY INChistory →COM1.06%$1M18.4K
38FISVFISERV INChistory →COM1.05%$1M12.0K
39SCHZSCHWAB US AGGREGATEhistory →COM1.01%$1M23.6K
40KOCOCA-COLA COMPANYCOM0.97%$1M23.1K
41CTSHCOGNIZANT TECHNOLOGY SOLUTIONSCOM0.93%$1M14.8K
42COSTCOSTCO WHOLESALECOM0.89%$1M3.1K
43TAT&T INCCOM0.84%$1M38.2K
44GLDSPDR GOLD TRUSTCOM0.83%$1M6.1K
45VRTXVERTEX PHARMACEUTICALCOM0.83%$1M4.6K
46AMTAMERICAN TOWER CORPCOM0.80%$1M4.7K
47VZVERIZON COMMUNICATIONSCOM0.79%$1M17.4K
48SCHRSCHWAB INTERMEDIATE TREASURYCOM0.76%$988,00017.0K
49SCHVSCHWAB US LARGE VALUECOM0.74%$964,00016.2K
50MSGSMADISON SQUARE GARDEN SPORTSCOM0.71%$919,0005.0K
51SCHGSCHWAB US LARGE GROWTHCOM0.59%$772,0006.0K
52PEPPEPSICO INCCOM0.58%$759,0005.1K
53SCHJSCHWAB 1-5 YEAR CORPORATECOM0.54%$710,00013.8K
54HDHOME DEPOT INCCOM0.53%$690,0002.6K
55EQIXEQUINIXCOM0.50%$651,000911
56BACBANK OF AMERICACOM0.47%$618,00020.4K
57PLDPROLOGISCOM0.45%$584,0005.9K
58CCICROWN CASTLE INTERNATIONALCOM0.42%$549,0003.4K
59AWRAMERICAN STATES WATERCOM0.41%$538,0006.8K
60INTCINTEL CORPCOM0.40%$524,00010.5K
61MRKMERCK& CO. INC.COM0.37%$481,0005.9K
62SCHPSCHWAB US TIPSCOM0.36%$470,0007.6K
63UNHUNITEDHEALTH GROUP INCCOM0.33%$426,0001.2K
64NKENIKE INC CL BCOM0.33%$425,0003.0K
65SPYS&P 500 DEPOSITORY RECEIPTSCOM0.32%$419,0001.1K
66SCHDSCHWAB US DIVIDENDCOM0.31%$407,0006.3K
67GSGOLDMAN SACHS GROUP INCCOM0.31%$400,0001.5K
68TRVTRAVELERS COCOM0.30%$394,0002.8K
69PSAPUBLIC STORAGECOM0.29%$381,0001.7K
70SCHHSCHWAB US REITCOM0.29%$381,00010.0K
71DLRDIGITAL REALTY TRUSTCOM0.29%$380,0002.7K
72IJHISHARES CORE S&P MID CAPCOM0.27%$356,0001.6K
73SCHBSCHWAB US BROAD MARKETCOM0.26%$333,0003.7K
74SBACSBA COMMUNICATIONSCOM0.25%$324,0001.1K
75EFAISHARES MSCI EAFE INDCOM0.24%$319,0004.4K
76SWTSXSCHWAB TOTAL STOCK MKT INDEXFUND0.22%$287,0004.3K
77SCHWAB 529MODERATELY AGGRES0.21%$278,0007.3K
78PLUGPLUG POWERCOM0.21%$271,0008.0K
79SCHFSCHWAB INTERNATIONALCOM0.20%$258,0007.2K
80IJRISHARES CORE S&P SMALL CAPCOM0.20%$255,0002.8K
81SCHMSCHWAB US MIDCOM0.20%$255,0003.7K
82AVBAVALONBAY COMMUNITIESCOM0.19%$252,0001.6K
83EQREQUITY RESIDENTIALCOM0.19%$244,0004.1K
84VUGVANGUARD GROWTHCOM0.19%$243,000960
85SCHOSCHWAB ST US TREASURY BONDCOM0.16%$207,0004.0K
86FMAGXFIDELITY MAGELLANFUND0.11%$142,00010.9K

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 ↗.