SEC 13F Intelligence

Managers / Q3 2023 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$126M
Q3 2023
Positions
86
Filings on Record
32
2019–present window
Filed
Oct 23, 2023
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $126M in U.S.-listed holdings across 86 positions for Q3 2023.

Its largest position, AAPL, represents 8.6% of the portfolio.

Compared with Q2 2023, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+5.7%
vs prior filed quarter
Top-10 Concentration
+35.5%
share of reported value
Largest Position
+8.6%
Apple
New / Exited
5 / 4
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: 86.3%ETP: 9.3%REIT: 3.1%ADR: 1.2%
  • Common Stock · 86.3% · $109M
  • ETP · 9.3% · $12M
  • REIT · 3.1% · $4M
  • ADR · 1.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KVUEKenvueNEW+65.8K65.8K+$1M$1M
NFLXNetflix IncNEW+2.9K2.9K+$1M$1M
NKENike Inc BNEW+9.6K9.6K+$922,000$922,000
WATWaters CorpNEW+3.3K3.3K+$916,000$916,000
KMBKimberly-Clark CorpNEW+7.3K7.3K+$884,000$884,000
RTXRTX CorporationSOLD OUT−19.6K0−$2M$0
DISWalt Disney CoSOLD OUT−12.4K0−$1M$0
WBAWalgreen Boots Alliance IncSOLD OUT−22.7K0−$646,000$0

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

Holdings — Q3 2023

86 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM8.61%$11M63.3K
2MSFTMicrosoft Corphistory →COM7.31%$9M29.1K
3GOOGLAlphabet Inc Ahistory →COM3.25%$4M31.3K
4NVDANVIDIA Corphistory →COM2.87%$4M8.3K
5ADPAutomatic Data Processing Inchistory →COM2.48%$3M13.0K
6AMZNAmazon.com Inchistory →COM2.42%$3M23.9K
7VVisa Inc Class Ahistory →COM2.34%$3M12.8K
8SCHPSchwab US TIPS ETFhistory →COM2.12%$3M52.8K
9BRK/BBerkshire Hathaway Inc Bhistory →COM2.07%$3M7.4K
10AMGNAmgen Inchistory →COM2.00%$3M9.3K
11JNJJohnson & Johnsonhistory →COM1.97%$2M15.9K
12JPMJPMorgan Chase & Cohistory →COM1.94%$2M16.8K
13METAMeta Platformshistory →COM1.83%$2M7.7K
14MCDMcDonald s Corphistory →COM1.71%$2M8.1K
15BlackRock IncCOM1.66%$2M3.2K
16ADBEAdobe Systems Inchistory →COM1.64%$2M4.0K
17CBChubb Ltdhistory →COM1.59%$2M9.6K
18SYKStryker Corphistory →COM1.58%$2M7.3K
19BMYBristol-Myers Squibb Companyhistory →COM1.56%$2M33.9K
20ELVElevance Healthhistory →COM1.51%$2M4.4K
21NEENextEra Energy Inchistory →COM1.44%$2M31.6K
22SPGIS&P Global Inchistory →COM1.42%$2M4.9K
23EXMOCExxon Mobil Corphistory →COM1.36%$2M14.6K
24AVGOBroadcom Inc Comhistory →COM1.36%$2M2.1K
25WMWaste Management Inchistory →COM1.34%$2M11.1K
26AWKAmerican Water Works Co Inchistory →COM1.34%$2M13.6K
27CSCOCisco Systems Inchistory →COM1.30%$2M30.4K
28COSTCostco Wholesale Corphistory →COM1.29%$2M2.9K
29UNPUnion Pacific Corphistory →COM1.27%$2M7.8K
30MLMMartin Marietta Materials Inchistory →COM1.24%$2M3.8K
31LVMUYLouis Vuitton Moet Hennessyhistory →COM1.23%$2M10.2K
32MDTMedtronic PLChistory →COM1.11%$1M17.8K
33SBUXStarbucks Corphistory →COM1.10%$1M15.2K
34KVUEKenvuehistory →COM1.05%$1M65.8K
35SYYSysco Corphistory →COM1.03%$1M19.5K
36PEPPepsiCo Inchistory →COM1.02%$1M7.6K
37SCHVSchwab US Large-Cap Value ETFhistory →COM1.01%$1M19.7K
38MDLZMondelez International Inc Class Ahistory →COM1.00%$1M18.2K
39UNHUnitedHealth Group IncCOM0.93%$1M2.3K
40GLDSPDR Gold SharesCOM0.93%$1M6.8K
41KOCoca-Cola CoCOM0.92%$1M20.6K
42GOOGAlphabet Inc CCOM0.92%$1M8.7K
43NFLXNetflix IncCOM0.86%$1M2.9K
44MRKMerck & Co IncCOM0.82%$1M10.0K
45FISVFiserv IncCOM0.81%$1M9.0K
46CMCSAComcast Corp Class ACOM0.80%$1M22.8K
47Fleetcor Technologies IncCOM0.80%$1M3.9K
48HDThe Home Depot IncCOM0.77%$969,0003.2K
49PYPLPayPal Holdings IncCOM0.74%$929,00015.9K
50NKENike Inc BCOM0.73%$922,0009.6K
51WATWaters CorpCOM0.73%$916,0003.3K
52SCHHSchwab US REIT ETFCOM0.72%$905,00051.0K
53KMBKimberly-Clark CorpCOM0.70%$884,0007.3K
54CTSHCognizant Technology SolutionsCOM0.70%$881,00013.0K
55GSGoldman Sachs Group IncCOM0.67%$840,0002.6K
56CVXChevron CorpCOM0.66%$835,0005.0K
57LYVLive Nation Entertainment IncCOM0.66%$827,00010.0K
58HONHoneywell International IncCOM0.66%$826,0004.5K
59TRVThe Travelers Companies IncCOM0.63%$787,0004.8K
60PLDPrologis IncCOM0.61%$766,0006.8K
61SCHZSchwab US Aggregate Bond ETFCOM0.58%$724,00016.4K
62PGProcter & Gamble CoCOM0.56%$703,0004.8K
63AMTAmerican Tower CorpCOM0.56%$701,0004.3K
64SCHJSchwab 1 5 Year Corp Bond ETFCOM0.53%$667,00014.2K
65EQIXEquinix IncCOM0.48%$608,000837
66SCHDSchwab US Dividend Equity ETFCOM0.48%$600,0008.5K
67SCHGSchwab US Large-Cap Growth ETFCOM0.45%$561,0007.7K
68BACBank of America CorporationCOM0.43%$542,00019.8K
69MSGSMadison Square Garden SportsCOM0.41%$514,0002.9K
70SCHRSchwab Int-Term US Treasury ETFCOM0.39%$488,00010.2K
71SPYSPDR S&P 500 ETFCOM0.38%$479,0001.1K
72SCHOSchwab Short-Term US Treasury ETFCOM0.36%$450,0009.4K
73IJHiShares Core S&P Mid-CapCOM0.31%$386,0001.6K
74PSAPublic StorageCOM0.30%$373,0001.4K
75CCICrown Castle International CorpCOM0.29%$368,0004.0K
76SCHBSchwab US Broad Market ETFCOM0.26%$332,0006.7K
77SPGSimon Property Group IncCOM0.26%$328,0003.0K
78DLRDigital Realty Trust IncCOM0.25%$317,0002.6K
79AWRAmerican States Water CoCOM0.23%$295,0003.8K
80LMTLockheed Martin CorpCOM0.23%$285,000696
81SCHMSchwab US Mid-Cap ETFCOM0.22%$279,0004.1K
82IJRiShares Core S&P Small-CapCOM0.21%$262,0002.8K
83VUGVanguard Growth ETFCOM0.21%$261,000960
84EFAiShares MSCI EAFECOM0.20%$256,0003.7K
85AVBAvalonBay Communities IncCOM0.18%$221,0001.3K
86SBACSBA Communications CorpCOM0.16%$202,0001.0K

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 ↗.