SEC 13F Intelligence

Managers / Q3 2022 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$118M
Q3 2022
Positions
87
Filings on Record
32
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $118M in U.S.-listed holdings across 87 positions for Q3 2022.

Its largest position, AAPL, represents 8.4% of the portfolio.

Compared with Q2 2022, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+0.6%
vs prior filed quarter
Top-10 Concentration
+34.5%
share of reported value
Largest Position
+8.4%
Apple

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: 84.2%ETP: 11.5%REIT: 3.4%ADR: 1.0%
  • Common Stock · 84.2% · $100M
  • ETP · 11.5% · $14M
  • REIT · 3.4% · $4M
  • ADR · 1.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOOGAlphabet Inc CADDED+8.9K9.4K−$122,000$900,000
GOOGLAlphabet Inc AADDED+32.4K34.1K−$504,000$3M
SWTSXSchwab Total Stock Market IndexSOLD OUT−4.3K0−$278,000$0
HDThe Home Depot IncTRIMMED−6052.9K−$161,000$799,000
VZVerizon Communications IncTRIMMED−2.9K16.1K−$352,000$612,000
EFAiShares MSCI EAFETRIMMED−6603.7K−$65,000$208,000
SCHRSchwab Intermediate-Term US Treasury ETFTRIMMED−2.3K14.7K−$152,000$723,000
SCHJSchwab 1 5 Year Corp Bond ETFTRIMMED−2.5K22.0K−$145,000$1M

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

Holdings — Q3 2022

87 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM8.41%$10M72.1K
2MSFTMicrosoft Corphistory →COM6.27%$7M31.9K
3SCHPSchwab US TIPS ETFhistory →COM2.91%$3M66.6K
4ADPAutomatic Data Processing Inchistory →COM2.78%$3M14.5K
5GOOGLAlphabet Inc Ahistory →COM2.76%$3M34.1K
6AMZNAmazon.com Inchistory →COM2.68%$3M28.1K
7JNJJohnson & Johnsonhistory →COM2.33%$3M16.9K
8RTXRaytheon Technologies Ordhistory →COM2.22%$3M32.1K
9VVisa Inc Class Ahistory →COM2.08%$2M13.8K
10BMYBristol-Myers Squibb Companyhistory →COM2.07%$2M34.4K
11NEENextEra Energy Inchistory →COM1.95%$2M29.4K
12AMGNAmgen Inchistory →COM1.88%$2M9.9K
13BlackRock IncCOM1.81%$2M3.9K
14BRK/BBerkshire Hathaway Inc Bhistory →COM1.78%$2M7.9K
15WMWaste Management Inchistory →COM1.76%$2M13.0K
16MCDMcDonald s Corphistory →COM1.72%$2M8.8K
17CBChubb Ltdhistory →COM1.70%$2M11.1K
18AWKAmerican Water Works Co Inchistory →COM1.66%$2M15.1K
19JPMJPMorgan Chase & Cohistory →COM1.62%$2M18.4K
20ELVElevance Healthhistory →COM1.61%$2M4.2K
21SYKStryker Corphistory →COM1.35%$2M7.9K
22UNPUnion Pacific Corphistory →COM1.35%$2M8.2K
23SPGIS&P Global Inchistory →COM1.35%$2M5.2K
24PGProcter & Gamble Cohistory →COM1.30%$2M12.2K
25NVDANVIDIA Corphistory →COM1.23%$1M12.0K
26CSCOCisco Systems Inchistory →COM1.23%$1M36.4K
27SYYSysco Corphistory →COM1.20%$1M20.1K
28MDTMedtronic PLChistory →COM1.15%$1M16.9K
29COSTCostco Wholesale Corphistory →COM1.15%$1M2.9K
30MLMMartin Marietta Materials Inchistory →COM1.14%$1M4.2K
31PEPPepsiCo Inchistory →COM1.08%$1M7.8K
32KOCoca-Cola Cohistory →COM1.07%$1M22.6K
33METAMeta Platformshistory →COM1.05%$1M9.2K
34DISWalt Disney Cohistory →COM1.03%$1M12.9K
35SCHVSchwab US Large-Cap Value ETFhistory →COM1.01%$1M20.4K
36SBUXStarbucks Corphistory →COM1.00%$1M14.1K
37LMTLockheed Martin CorpCOM0.96%$1M2.9K
38UNHUnitedHealth Group IncCOM0.96%$1M2.2K
39LVMUYLVMH Moet Hennessy Louis VuittonCOM0.95%$1M9.6K
40ADBEAdobe Systems IncCOM0.95%$1M4.1K
41SCHZSchwab US Aggregate Bond ETFCOM0.94%$1M24.5K
42MRKMerck & Co IncCOM0.91%$1M12.6K
43SCHHSchwab US REIT ETFCOM0.90%$1M56.8K
44GLDSPDR Gold SharesCOM0.89%$1M6.8K
45MDLZMondelez International Inc Class ACOM0.88%$1M19.0K
46DDominion EnergyCOM0.86%$1M14.7K
47SCHJSchwab 1 5 Year Corp Bond ETFCOM0.86%$1M22.0K
48AVGOBroadcom Inc ComCOM0.82%$965,0002.2K
49FISVFiserv IncCOM0.79%$932,00010.0K
50PYPLPayPal Holdings IncCOM0.78%$921,00010.7K
51GOOGAlphabet Inc CCOM0.76%$900,0009.4K
52AMTAmerican Tower CorpCOM0.76%$896,0004.2K
53CTSHCognizant Technology SolutionsCOM0.72%$848,00014.8K
54CMCSAComcast Corp Class ACOM0.69%$812,00027.7K
55LYVLive Nation Entertainment IncCOM0.69%$812,00010.7K
56HDThe Home Depot IncCOM0.67%$799,0002.9K
57TRVThe Travelers Companies IncCOM0.65%$764,0005.0K
58Fleetcor Technologies IncCOM0.64%$759,0004.3K
59SCHOSchwab Short-Term US Treasury ETFCOM0.62%$735,00015.2K
60WBAWalgreen Boots Alliance IncCOM0.62%$731,00023.3K
61HONHoneywell International IncCOM0.62%$731,0004.4K
62SCHRSchwab Intermediate-Term US Treasury ETFCOM0.61%$723,00014.7K
63MSGSMadison Square Garden SportsCOM0.58%$683,0005.0K
64PLDPrologis IncCOM0.57%$679,0006.7K
65GSGoldman Sachs Group IncCOM0.56%$659,0002.3K
66VZVerizon Communications IncCOM0.52%$612,00016.1K
67BACBank of America CorporationCOM0.50%$597,00019.8K
68BALLBall CorpCOM0.50%$596,00012.3K
69CCICrown Castle International CorpCOM0.48%$568,0003.9K
70SCHDSchwab US Dividend Equity ETFCOM0.48%$564,0008.5K
71NKENike Inc BCOM0.40%$474,0005.7K
72EQIXEquinix IncCOM0.40%$468,000823
73AWRAmerican States Water CoCOM0.39%$460,0005.9K
74SCHGSchwab US Large-Cap Growth ETFCOM0.39%$457,0008.2K
75PSAPublic StorageCOM0.34%$407,0001.4K
76SPYSPDR S&P 500 ETFCOM0.34%$400,0001.1K
77IJHiShares Core S&P Mid-CapCOM0.29%$340,0001.6K
78SCHMSchwab US Mid-Cap ETFCOM0.28%$333,0005.5K
79SBACSBA Communications CorpCOM0.24%$282,000992
80SCHBSchwab US Broad Market ETFCOM0.24%$280,0006.7K
81SPGSimon Property Group IncCOM0.23%$269,0003.0K
82DLRDigital Realty Trust IncCOM0.22%$255,0002.6K
83IJRiShares Core S&P Small-CapCOM0.20%$242,0002.8K
84AVBAvalonBay Communities IncCOM0.20%$233,0001.3K
85EFAiShares MSCI EAFECOM0.18%$208,0003.7K
86VUGVanguard Growth ETFCOM0.17%$205,000960
87SCHFSchwab International Equity ETFCOM0.17%$199,0007.1K

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 ↗.