SEC 13F Intelligence

Managers / Q2 2023 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$133M
Q2 2023
Positions
85
Filings on Record
32
2019–present window
Filed
Aug 7, 2023
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $133M in U.S.-listed holdings across 85 positions for Q2 2023.

Its largest position, AAPL, represents 9.4% of the portfolio.

Compared with Q1 2023, the fund opened 0 new positions and exited 3.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+35.7%
share of reported value
Largest Position
+9.4%
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: 85.8%ETP: 9.8%REIT: 3.2%ADR: 1.2%
  • Common Stock · 85.8% · $114M
  • ETP · 9.8% · $13M
  • REIT · 3.2% · $4M
  • ADR · 1.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BALLBall CorpSOLD OUT−11.7K0−$644,000$0
VZVerizon Communications IncSOLD OUT−16.2K0−$628,000$0
SCHFSchwab International Equity ETFSOLD OUT−7.1K0−$247,000$0
LMTLockheed Martin CorpTRIMMED−1.9K1.1K−$897,000$494,000
NVDANVIDIA CorpTRIMMED−2.4K8.2K+$535,000$3M
SBUXStarbucks CorpADDED+2.2K15.0K+$152,000$1M
SCHRSchwab Int-Term US Treasury ETFTRIMMED−2.2K12.4K−$127,000$612,000
AWRAmerican States Water CoTRIMMED−8034.6K−$80,000$396,000

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

Holdings — Q2 2023

85 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM9.37%$12M64.0K
2MSFTMicrosoft Corphistory →COM7.73%$10M30.1K
3GOOGLAlphabet Inc Ahistory →COM2.90%$4M32.1K
4NVDANVIDIA Corphistory →COM2.62%$3M8.2K
5VVisa Inc Class Ahistory →COM2.31%$3M12.9K
6AMZNAmazon.com Inchistory →COM2.30%$3M23.4K
7ADPAutomatic Data Processing Inchistory →COM2.21%$3M13.3K
8SCHPSchwab US TIPS ETFhistory →COM2.16%$3M54.5K
9BRK/BBerkshire Hathaway Inc Bhistory →COM2.03%$3M7.9K
10JNJJohnson & Johnsonhistory →COM2.03%$3M16.3K
11JPMJPMorgan Chase & Cohistory →COM1.87%$2M17.0K
12MCDMcDonald s Corphistory →COM1.85%$2M8.2K
13BlackRock IncCOM1.80%$2M3.4K
14METAMeta Platformshistory →COM1.67%$2M7.7K
15SYKStryker Corphistory →COM1.64%$2M7.1K
16BMYBristol-Myers Squibb Companyhistory →COM1.62%$2M33.6K
17AMGNAmgen Inchistory →COM1.58%$2M9.4K
18NEENextEra Energy Inchistory →COM1.55%$2M27.7K
19ADBEAdobe Systems Inchistory →COM1.51%$2M4.1K
20SPGIS&P Global Inchistory →COM1.49%$2M4.9K
21AWKAmerican Water Works Co Inchistory →COM1.48%$2M13.7K
22ELVElevance Healthhistory →COM1.47%$2M4.4K
23RTXRTX Corporationhistory →COM1.45%$2M19.6K
24WMWaste Management Inchistory →COM1.45%$2M11.1K
25CBChubb Ltdhistory →COM1.42%$2M9.8K
26AVGOBroadcom Inc Comhistory →COM1.32%$2M2.0K
27MLMMartin Marietta Materials Inchistory →COM1.30%$2M3.7K
28PGProcter & Gamble Cohistory →COM1.26%$2M11.0K
29CSCOCisco Systems Inchistory →COM1.21%$2M30.9K
30LVMUYLouis Vuitton Moet Hennessyhistory →COM1.20%$2M8.4K
31UNPUnion Pacific Corphistory →COM1.20%$2M7.8K
32COSTCostco Wholesale Corphistory →COM1.18%$2M2.9K
33EXMOCExxon Mobil Corphistory →COM1.18%$2M14.6K
34MDTMedtronic PLChistory →COM1.15%$2M17.3K
35SYYSysco Corphistory →COM1.14%$2M20.3K
36SBUXStarbucks Corphistory →COM1.12%$1M15.0K
37PEPPepsiCo Inchistory →COM1.09%$1M7.8K
38MDLZMondelez International Inc Class Ahistory →COM1.01%$1M18.3K
39KOCoca-Cola CoCOM0.98%$1M21.6K
40SCHVSchwab US Large-Cap Value ETFCOM0.94%$1M18.6K
41GLDSPDR Gold SharesCOM0.92%$1M6.8K
42FISVFiserv IncCOM0.89%$1M9.4K
43MRKMerck & Co IncCOM0.87%$1M9.9K
44UNHUnitedHealth Group IncCOM0.84%$1M2.3K
45DISWalt Disney CoCOM0.84%$1M12.4K
46GOOGAlphabet Inc CCOM0.83%$1M9.1K
47SCHHSchwab US REIT ETFCOM0.81%$1M54.9K
48CMCSAComcast Corp Class ACOM0.77%$1M24.7K
49Fleetcor Technologies IncCOM0.77%$1M4.1K
50HDThe Home Depot IncCOM0.73%$961,0003.1K
51SCHZSchwab US Aggregate Bond ETFCOM0.72%$958,00020.7K
52HONHoneywell International IncCOM0.70%$924,0004.5K
53LYVLive Nation Entertainment IncCOM0.69%$916,00010.1K
54SCHJSchwab 1 5 Year Corp Bond ETFCOM0.66%$879,00018.6K
55CTSHCognizant Technology SolutionsCOM0.65%$868,00013.3K
56PLDPrologis IncCOM0.63%$835,0006.8K
57AMTAmerican Tower CorpCOM0.62%$822,0004.2K
58TRVThe Travelers Companies IncCOM0.61%$814,0004.7K
59GSGoldman Sachs Group IncCOM0.57%$755,0002.3K
60CVXChevron CorpCOM0.53%$707,0004.5K
61EQIXEquinix IncCOM0.49%$655,000835
62WBAWalgreen Boots Alliance IncCOM0.49%$646,00022.7K
63DDominion EnergyCOM0.47%$624,00012.0K
64MSGSMadison Square Garden SportsCOM0.47%$618,0003.3K
65SCHDSchwab US Dividend Equity ETFCOM0.46%$616,0008.5K
66SCHRSchwab Int-Term US Treasury ETFCOM0.46%$612,00012.4K
67PYPLPayPal Holdings IncCOM0.46%$612,0009.2K
68BACBank of America CorporationCOM0.43%$568,00019.8K
69SCHGSchwab US Large-Cap Growth ETFCOM0.42%$554,0007.4K
70SCHOSchwab Short-Term US Treasury ETFCOM0.41%$544,00011.3K
71SPYSPDR S&P 500 ETFCOM0.37%$496,0001.1K
72LMTLockheed Martin CorpCOM0.37%$494,0001.1K
73CCICrown Castle International CorpCOM0.34%$454,0004.0K
74PSAPublic StorageCOM0.31%$413,0001.4K
75IJHiShares Core S&P Mid-CapCOM0.31%$405,0001.6K
76AWRAmerican States Water CoCOM0.30%$396,0004.6K
77SCHMSchwab US Mid-Cap ETFCOM0.27%$356,0005.0K
78SPGSimon Property Group IncCOM0.26%$350,0003.0K
79SCHBSchwab US Broad Market ETFCOM0.26%$344,0006.7K
80DLRDigital Realty Trust IncCOM0.22%$298,0002.6K
81IJRiShares Core S&P Small-CapCOM0.21%$277,0002.8K
82VUGVanguard Growth ETFCOM0.21%$272,000960
83EFAiShares MSCI EAFECOM0.20%$269,0003.7K
84AVBAvalonBay Communities IncCOM0.18%$244,0001.3K
85SBACSBA Communications CorpCOM0.18%$234,0001.0K

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 ↗
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 ↗.