SEC 13F Intelligence

Managers / Q4 2022 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$122M
Q4 2022
Positions
87
Filings on Record
32
2019–present window
Filed
Jan 13, 2023
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $122M in U.S.-listed holdings across 87 positions for Q4 2022.

Its largest position, AAPL, represents 7.5% of the portfolio.

Compared with Q3 2022, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+32.3%
share of reported value
Largest Position
+7.5%
Apple
New / Exited
1 / 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: 84.3%ETP: 11.0%REIT: 3.6%ADR: 1.1%
  • Common Stock · 84.3% · $103M
  • ETP · 11.0% · $13M
  • REIT · 3.6% · $4M
  • ADR · 1.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CVXChevron CorpNEW+3.8K3.8K+$682,000$682,000
NKENike Inc BSOLD OUT−5.7K0−$474,000$0
MRKMerck & Co IncTRIMMED−5.2K7.4K−$265,000$816,000
MSGSMadison Square Garden SportsTRIMMED−1.7K3.3K−$71,000$612,000
DDominion EnergyTRIMMED−4.5K10.2K−$392,000$627,000
SCHPSchwab US TIPS ETFTRIMMED−11.3K55.3K−$584,000$3M
SCHOSchwab Short-Term US Treasury ETFTRIMMED−1.9K13.3K−$92,000$643,000
TRVThe Travelers Companies IncTRIMMED−5104.5K+$75,000$839,000

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

Holdings — Q4 2022

87 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM7.47%$9M70.4K
2MSFTMicrosoft Corphistory →COM6.04%$7M30.8K
3ADPAutomatic Data Processing Inchistory →COM2.61%$3M13.4K
4RTXRaytheon Technologies Ordhistory →COM2.55%$3M31.0K
5JNJJohnson & Johnsonhistory →COM2.39%$3M16.5K
6GOOGLAlphabet Inc Ahistory →COM2.38%$3M33.0K
7SCHPSchwab US TIPS ETFhistory →COM2.34%$3M55.3K
8VVisa Inc Class Ahistory →COM2.29%$3M13.5K
9BlackRock IncCOM2.14%$3M3.7K
10AMGNAmgen Inchistory →COM2.05%$3M9.5K
11BMYBristol-Myers Squibb Companyhistory →COM1.99%$2M33.9K
12BRK/BBerkshire Hathaway Inc Bhistory →COM1.98%$2M7.8K
13CBChubb Ltdhistory →COM1.95%$2M10.8K
14NEENextEra Energy Inchistory →COM1.94%$2M28.4K
15JPMJPMorgan Chase & Cohistory →COM1.93%$2M17.6K
16AWKAmerican Water Works Co Inchistory →COM1.84%$2M14.8K
17MCDMcDonald s Corphistory →COM1.82%$2M8.5K
18AMZNAmazon.com Inchistory →COM1.79%$2M26.1K
19ELVElevance Healthhistory →COM1.72%$2M4.1K
20WMWaste Management Inchistory →COM1.63%$2M12.7K
21SYKStryker Corphistory →COM1.55%$2M7.8K
22PGProcter & Gamble Cohistory →COM1.48%$2M11.9K
23NVDANVIDIA Corphistory →COM1.40%$2M11.7K
24SPGIS&P Global Inchistory →COM1.40%$2M5.1K
25CSCOCisco Systems Inchistory →COM1.38%$2M35.4K
26UNPUnion Pacific Corphistory →COM1.34%$2M7.9K
27SYYSysco Corphistory →COM1.23%$2M19.7K
28KOCoca-Cola Cohistory →COM1.18%$1M22.6K
29LMTLockheed Martin Corphistory →COM1.17%$1M2.9K
30PEPPepsiCo Inchistory →COM1.15%$1M7.8K
31MLMMartin Marietta Materials Inchistory →COM1.13%$1M4.1K
32SBUXStarbucks Corphistory →COM1.12%$1M13.8K
33LVMUYLVMH Moet Hennessy Louis Vuittonhistory →COM1.10%$1M9.3K
34ADBEAdobe Systems Inchistory →COM1.09%$1M4.0K
35SCHVSchwab US Large-Cap Value ETFhistory →COM1.08%$1M20.0K
36COSTCostco Wholesale Corphistory →COM1.07%$1M2.9K
37MDTMedtronic PLChistory →COM1.02%$1M16.0K
38MDLZMondelez International Inc Class Ahistory →COM1.01%$1M18.5K
39AVGOBroadcom Inc ComCOM0.98%$1M2.1K
40GLDSPDR Gold SharesCOM0.94%$1M6.8K
41SCHZSchwab US Aggregate Bond ETFCOM0.91%$1M24.4K
42SCHHSchwab US REIT ETFCOM0.91%$1M57.6K
43UNHUnitedHealth Group IncCOM0.89%$1M2.1K
44DISWalt Disney CoCOM0.89%$1M12.5K
45METAMeta PlatformsCOM0.87%$1M8.8K
46SCHJSchwab 1 5 Year Corp Bond ETFCOM0.83%$1M21.6K
47FISVFiserv IncCOM0.80%$976,0009.7K
48CMCSAComcast Corp Class ACOM0.78%$949,00027.1K
49HDThe Home Depot IncCOM0.76%$935,0003.0K
50AMTAmerican Tower CorpCOM0.76%$930,0004.4K
51HONHoneywell International IncCOM0.74%$911,0004.2K
52WBAWalgreen Boots Alliance IncCOM0.69%$840,00022.5K
53TRVThe Travelers Companies IncCOM0.69%$839,0004.5K
54CTSHCognizant Technology SolutionsCOM0.68%$826,00014.4K
55MRKMerck & Co IncCOM0.67%$816,0007.4K
56GOOGAlphabet Inc CCOM0.66%$805,0009.1K
57PLDPrologis IncCOM0.65%$795,0007.0K
58Fleetcor Technologies IncCOM0.63%$769,0004.2K
59GSGoldman Sachs Group IncCOM0.62%$761,0002.2K
60PYPLPayPal Holdings IncCOM0.60%$737,00010.3K
61SCHRSchwab Intermediate-Term US Treasury ETFCOM0.60%$734,00014.9K
62LYVLive Nation Entertainment IncCOM0.58%$710,00010.2K
63CVXChevron CorpCOM0.56%$682,0003.8K
64BACBank of America CorporationCOM0.54%$655,00019.8K
65SCHOSchwab Short-Term US Treasury ETFCOM0.53%$643,00013.3K
66SCHDSchwab US Dividend Equity ETFCOM0.53%$643,0008.5K
67VZVerizon Communications IncCOM0.52%$637,00016.2K
68DDominion EnergyCOM0.51%$627,00010.2K
69MSGSMadison Square Garden SportsCOM0.50%$612,0003.3K
70BALLBall CorpCOM0.49%$598,00011.7K
71EQIXEquinix IncCOM0.46%$565,000863
72CCICrown Castle International CorpCOM0.46%$558,0004.1K
73AWRAmerican States Water CoCOM0.41%$496,0005.4K
74SCHGSchwab US Large-Cap Growth ETFCOM0.40%$491,0008.8K
75SPYSPDR S&P 500 ETFCOM0.35%$428,0001.1K
76PSAPublic StorageCOM0.33%$409,0001.5K
77IJHiShares Core S&P Mid-CapCOM0.31%$375,0001.6K
78SPGSimon Property Group IncCOM0.30%$368,0003.1K
79SCHMSchwab US Mid-Cap ETFCOM0.30%$366,0005.6K
80SCHBSchwab US Broad Market ETFCOM0.24%$298,0006.7K
81SBACSBA Communications CorpCOM0.24%$292,0001.0K
82DLRDigital Realty Trust IncCOM0.22%$271,0002.7K
83IJRiShares Core S&P Small-CapCOM0.21%$263,0002.8K
84EFAiShares MSCI EAFECOM0.20%$244,0003.7K
85SCHFSchwab International Equity ETFCOM0.19%$229,0007.1K
86AVBAvalonBay Communities IncCOM0.18%$215,0001.3K
87VUGVanguard Growth ETFCOM0.17%$205,000960

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 ↗.