SEC 13F Intelligence

Managers / Q4 2021 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$172M
Q4 2021
Positions
88
Filings on Record
32
2019–present window
Filed
Jan 24, 2022
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $172M in U.S.-listed holdings across 88 positions for Q4 2021.

Its largest position, AAPL, represents 8.1% of the portfolio.

Compared with Q3 2021, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+34.0%
share of reported value
Largest Position
+8.1%
Apple
New / Exited
3 / 1
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: 84.8%ETP: 10.8%REIT: 4.5%
  • Common Stock · 84.8% · $146M
  • ETP · 10.8% · $19M
  • REIT · 4.5% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LYVLive Nation Entertainment IncNEW+8.5K8.5K+$1M$1M
HONHoneywell International IncNEW+4.9K4.9K+$1M$1M
PLUGPlug Power IncNEW+7.5K7.5K+$212,000$212,000
INTCIntel CorpSOLD OUT−15.1K0−$805,000$0
VZVerizon Communications IncADDED+4.3K18.6K+$196,000$968,000
TRVThe Travelers Companies IncADDED+1.1K5.1K+$195,000$798,000
SPGSimon Property Group IncADDED+6863.3K+$187,000$522,000
SCHHSchwab US REIT ETFADDED+6.6K31.7K+$521,000$2M

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

Holdings — Q4 2021

88 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM8.13%$14M78.9K
2MSFTMicrosoft Corphistory →COM6.63%$11M34.0K
3GOOGLAlphabet Inc Ahistory →COM3.05%$5M1.8K
4AMZNAmazon.com Inchistory →COM2.84%$5M1.5K
5SCHPSchwab US TIPS ETFhistory →COM2.61%$4M71.5K
6BlackRock IncCOM2.36%$4M4.4K
7ADPAutomatic Data Processing Inchistory →COM2.34%$4M16.4K
8NVDANVIDIA Corphistory →COM2.11%$4M12.3K
9METAMeta Platforms Inchistory →COM2.04%$4M10.4K
10JPMJPMorgan Chase & Cohistory →COM1.95%$3M21.2K
11JNJJohnson & Johnsonhistory →COM1.92%$3M19.4K
12NEENextEra Energy Inchistory →COM1.86%$3M34.4K
13VVisa Inc Class Ahistory →COM1.80%$3M14.4K
14AWKAmerican Water Works Co Inchistory →COM1.77%$3M16.2K
15RTXRaytheon Technologies Ordhistory →COM1.75%$3M35.1K
16LMTLockheed Martin Corphistory →COM1.64%$3M8.0K
17MCDMcDonald s Corphistory →COM1.62%$3M10.4K
18CSCOCisco Systems Inchistory →COM1.56%$3M42.3K
19WMWaste Management Inchistory →COM1.52%$3M15.7K
20AMGNAmgen Inchistory →COM1.51%$3M11.5K
21BMYBristol-Myers Squibb Companyhistory →COM1.50%$3M41.6K
22ELVAnthem Inchistory →COM1.50%$3M5.6K
23CBChubb Ltdhistory →COM1.47%$3M13.1K
24SPGIS&P Global Inchistory →COM1.47%$3M5.4K
25ADBEAdobe Systems Inchistory →COM1.43%$2M4.4K
26BRK/BBerkshire Hathaway Inc Bhistory →COM1.42%$2M8.2K
27UNPUnion Pacific Corphistory →COM1.38%$2M9.5K
28PGProcter & Gamble Cohistory →COM1.34%$2M14.1K
29MDTMedtronic PLChistory →COM1.28%$2M21.3K
30PYPLPayPal Holdings Inchistory →COM1.24%$2M11.3K
31SYKStryker Corphistory →COM1.24%$2M8.0K
32DISWalt Disney Cohistory →COM1.22%$2M13.6K
33COSTCostco Wholesale Corphistory →COM1.19%$2M3.6K
34SBUXStarbucks Corphistory →COM1.15%$2M16.9K
35MLMMartin Marietta Materials Inchistory →COM1.11%$2M4.4K
36SYYSysco Corphistory →COM1.10%$2M24.2K
37AMTAmerican Tower CorpCOM0.97%$2M5.7K
38SCHHSchwab US REIT ETFCOM0.97%$2M31.7K
39SCHZSchwab US Aggregate Bond ETFCOM0.91%$2M29.2K
40WBAWalgreen Boots Alliance IncCOM0.87%$1M28.7K
41GOOGAlphabet Inc CCOM0.86%$1M514
42PEPPepsiCo IncCOM0.85%$1M8.4K
43DDominion Resources IncCOM0.83%$1M18.3K
44MDLZMondelez International Inc Class ACOM0.83%$1M21.6K
45CMCSAComcast Corp Class ACOM0.83%$1M28.3K
46SCHJSchwab 1 5 Year Corp Bond ETFCOM0.80%$1M27.4K
47HDThe Home Depot IncCOM0.79%$1M3.3K
48KOCoca-Cola CoCOM0.78%$1M22.6K
49BALLBall CorpCOM0.78%$1M13.9K
50SCHVSchwab US Large-Cap Value ETFCOM0.78%$1M18.3K
51CTSHCognizant Technology SolutionsCOM0.77%$1M14.9K
52UNHUnitedHealth Group IncCOM0.71%$1M2.4K
53PLDPrologis IncCOM0.71%$1M7.2K
54GLDSPDR Gold SharesCOM0.68%$1M6.8K
55FISVFiserv IncCOM0.63%$1M10.6K
56SCHRSchwab Intermediate-Term US Treasury ETFCOM0.63%$1M19.5K
57SCHGSchwab US Large-Cap Growth ETFCOM0.59%$1M6.3K
58LYVLive Nation Entertainment IncCOM0.59%$1M8.5K
59HONHoneywell International IncCOM0.59%$1M4.9K
60Fleetcor Technologies IncCOM0.57%$984,0004.4K
61MRKMerck & Co IncCOM0.57%$976,00012.7K
62VZVerizon Communications IncCOM0.56%$968,00018.6K
63EQIXEquinix IncCOM0.55%$945,0001.1K
64CCICrown Castle International CorpCOM0.52%$900,0004.3K
65BACBank of America CorporationCOM0.51%$880,00019.8K
66MSGSMadison Square Garden SportsCOM0.51%$875,0005.0K
67NKENike Inc BCOM0.49%$851,0005.1K
68TRVThe Travelers Companies IncCOM0.46%$798,0005.1K
69GSGoldman Sachs Group IncCOM0.46%$795,0002.1K
70PSAPublic StorageCOM0.44%$763,0002.0K
71SCHOSchwab Short-Term US Treasury ETFCOM0.42%$727,00014.3K
72AWRAmerican States Water CoCOM0.37%$642,0006.2K
73DLRDigital Realty Trust IncCOM0.35%$597,0003.4K
74SBACSBA Communications CorpCOM0.33%$568,0001.5K
75SPYSPDR S&P 500 ETFCOM0.31%$532,0001.1K
76SPGSimon Property Group IncCOM0.30%$522,0003.3K
77SCHMSchwab US Mid-Cap ETFCOM0.30%$510,0006.3K
78AVBAvalonBay Communities IncCOM0.29%$494,0002.0K
79SCHDSchwab US Dividend Equity ETFCOM0.28%$478,0005.9K
80IJHiShares Core S&P Mid-CapCOM0.25%$439,0001.6K
81SCHBSchwab US Broad Market ETFCOM0.22%$376,0003.3K
82EFAiShares MSCI EAFECOM0.20%$344,0004.4K
83IJRiShares Core S&P Small-CapCOM0.18%$318,0002.8K
84VUGVanguard Growth ETFCOM0.18%$308,000960
85SCHASchwab US Small-Cap ETFCOM0.16%$280,0002.7K
86SCHFSchwab International Equity ETFCOM0.16%$275,0007.1K
87REZiShares Residential Real Estate Capd ETFCOM0.14%$233,0002.4K
88PLUGPlug Power IncCOM0.12%$212,0007.5K

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 ↗.