SEC 13F Intelligence

Managers / Q1 2024 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$144M
Q1 2024
Positions
89
Filings on Record
31
2019–present window
Filed
Apr 29, 2024
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $144M in U.S.-listed holdings across 89 positions for Q1 2024.

Its largest position, MSFT, represents 8.0% of the portfolio.

Compared with Q4 2023, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+36.7%
share of reported value
Largest Position
+8.0%
Microsoft
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
Q1 ’19: $107MQ1 ’19Q2 ’19: $109MQ3 ’19: $105MQ4 ’19: $115MQ1 ’20: $88MQ1 ’20Q2 ’20: $107MQ4 ’20: $130MQ1 ’21: $142MQ2 ’21: $150MQ2 ’21Q3 ’21: $155MQ4 ’21: $172MQ1 ’22: $163MQ2 ’22: $130MQ2 ’22Q3 ’22: $118MQ4 ’22: $122MQ1 ’23: $130MQ2 ’23: $133MQ2 ’23Q3 ’23: $126MQ4 ’23: $135MQ1 ’24: $144MQ2 ’24: $138MQ2 ’24Q3 ’24: $142MQ4 ’24: $143MQ1 ’25: $137MQ2 ’25: $151MQ2 ’25Q3 ’25: $154MQ4 ’25: $149MQ1 ’26: $141MQ2 ’26: $152MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 86.8%ETP: 8.7%REIT: 3.1%ADR: 1.3%
  • Common Stock · 86.8% · $125M
  • ETP · 8.7% · $13M
  • REIT · 3.1% · $5M
  • ADR · 1.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CPAYCorpay IncNEW+3.9K3.9K+$1M$1M
LLYEli Lilly and CoNEW+305305+$237,000$237,000
OPENOpendoor TechnologiesNEW+10.0K10.0K+$30,000$30,000
IJHiShares Core S&P Mid-CapADDED+6.2K7.8K+$41,000$471,000
Fleetcor Technologies IncSOLD OUT−3.8K0−$1M$0
KVUEKenvueADDED+16.4K60.0K+$350,000$1M
NKENike Inc BADDED+3.0K12.1K+$146,000$1M
NVDANVIDIA CorpTRIMMED−1.7K6.3K+$2M$6M

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

Holdings — Q1 2024

89 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM8.02%$12M27.4K
2AAPLApple Inchistory →COM7.23%$10M60.7K
3NVDANVIDIA Corphistory →COM3.93%$6M6.3K
4GOOGLAlphabet Inc Ahistory →COM3.18%$5M30.4K
5AMZNAmazon.com Inchistory →COM2.90%$4M23.2K
6METAMeta Platformshistory →COM2.46%$4M7.3K
7VVisa Inc Class Ahistory →COM2.40%$3M12.4K
8JPMJPMorgan Chase & Cohistory →COM2.23%$3M16.0K
9ADPAutomatic Data Processing Inchistory →COM2.16%$3M12.5K
10BRK/BBerkshire Hathaway Inc Bhistory →COM2.14%$3M7.3K
11BlackRock IncCOM1.88%$3M3.2K
12SYKStryker Corphistory →COM1.76%$3M7.1K
13JNJJohnson & Johnsonhistory →COM1.73%$2M15.8K
14CBChubb Ltdhistory →COM1.65%$2M9.2K
15AVGOBroadcom Inc Comhistory →COM1.57%$2M1.7K
16ELVElevance Healthhistory →COM1.55%$2M4.3K
17WMWaste Management Inchistory →COM1.54%$2M10.4K
18MCDMcDonald s Corphistory →COM1.54%$2M7.9K
19AMGNAmgen Inchistory →COM1.46%$2M7.4K
20MLMMartin Marietta Materials Inchistory →COM1.40%$2M3.3K
21SPGIS&P Global Inchistory →COM1.38%$2M4.7K
22ADBEAdobe Systems Inchistory →COM1.36%$2M3.9K
23NEENextEra Energy Inchistory →COM1.35%$2M30.4K
24COSTCostco Wholesale Corphistory →COM1.31%$2M2.6K
25UNPUnion Pacific Corphistory →COM1.29%$2M7.6K
26LVMUYLouis Vuitton Moet Hennessyhistory →COM1.28%$2M10.1K
27SCHPSchwab US TIPS ETFhistory →COM1.17%$2M32.3K
28NFLXNetflix Inchistory →COM1.17%$2M2.8K
29HSYThe Hershey Cohistory →COM1.16%$2M8.6K
30AWKAmerican Water Works Co Inchistory →COM1.12%$2M13.2K
31SBUXStarbucks Corphistory →COM1.10%$2M17.4K
32SCHVSchwab US Large-Cap Value ETFhistory →COM1.06%$2M20.1K
33PEPPepsiCo Inchistory →COM1.05%$2M8.6K
34CSCOCisco Systems Inchistory →COM1.04%$1M29.9K
35FISVFiserv IncCOM0.97%$1M8.8K
36GLDSPDR Gold SharesCOM0.97%$1M6.8K
37MDTMedtronic PLCCOM0.97%$1M16.1K
38CVXChevron CorpCOM0.94%$1M8.6K
39SYYSysco CorpCOM0.92%$1M16.4K
40BMYBristol-Myers Squibb CompanyCOM0.92%$1M24.5K
41GOOGAlphabet Inc CCOM0.91%$1M8.6K
42KVUEKenvueCOM0.89%$1M60.0K
43KOCoca-Cola CoCOM0.88%$1M20.6K
44CPAYCorpay IncCOM0.83%$1M3.9K
45MRKMerck & Co IncCOM0.80%$1M8.7K
46UNHUnitedHealth Group IncCOM0.79%$1M2.3K
47EXMOCExxon Mobil CorpCOM0.79%$1M9.8K
48WATWaters CorpCOM0.79%$1M3.3K
49NKENike Inc BCOM0.79%$1M12.1K
50HDThe Home Depot IncCOM0.77%$1M2.9K
51PYPLPayPal Holdings IncCOM0.73%$1M15.7K
52SCHHSchwab US REIT ETFCOM0.72%$1M51.1K
53MDLZMondelez International Inc Class ACOM0.72%$1M14.8K
54LYVLive Nation Entertainment IncCOM0.71%$1M9.7K
55CMCSAComcast Corp Class ACOM0.69%$997,00023.0K
56KMBKimberly-Clark CorpCOM0.68%$980,0007.6K
57GSGoldman Sachs Group IncCOM0.67%$961,0002.3K
58CTSHCognizant Technology SolutionsCOM0.66%$947,00012.9K
59TRVThe Travelers Companies IncCOM0.62%$897,0003.9K
60PLDPrologis IncCOM0.61%$881,0006.8K
61AMTAmerican Tower CorpCOM0.58%$834,0004.2K
62HONHoneywell International IncCOM0.56%$809,0003.9K
63BACBank of America CorporationCOM0.52%$750,00019.8K
64VTIVanguard Total Stock Market ETFCOM0.51%$727,0002.8K
65PGProcter & Gamble CoCOM0.48%$694,0004.3K
66EQIXEquinix IncCOM0.48%$684,000829
67SCHDSchwab US Dividend Equity ETFCOM0.48%$684,0008.5K
68SCHGSchwab US Large-Cap Growth ETFCOM0.46%$666,0007.2K
69SCHZSchwab US Aggregate Bond ETFCOM0.45%$651,00014.2K
70SCHJSchwab 1 5 Year Corp Bond ETFCOM0.43%$614,00012.7K
71SPYSPDR S&P 500 ETFCOM0.41%$586,0001.1K
72MSGSMadison Square Garden SportsCOM0.34%$488,0002.6K
73SPGSimon Property Group IncCOM0.33%$471,0003.0K
74IJHiShares Core S&P Mid-CapCOM0.33%$471,0007.8K
75SCHRSchwab Int-Term US Treasury ETFCOM0.31%$453,0009.2K
76CCICrown Castle International CorpCOM0.29%$419,0004.0K
77SCHOSchwab Short-Term US Treasury ETFCOM0.29%$415,0008.6K
78PSAPublic StorageCOM0.28%$407,0001.4K
79SCHBSchwab US Broad Market ETFCOM0.27%$387,0006.3K
80DLRDigital Realty Trust IncCOM0.26%$374,0002.6K
81SCHMSchwab US Mid-Cap ETFCOM0.24%$346,0004.2K
82VUGVanguard Growth ETFCOM0.23%$330,000960
83IJRiShares Core S&P Small-CapCOM0.21%$307,0002.8K
84EFAiShares MSCI EAFECOM0.21%$296,0003.7K
85AWRAmerican States Water CoCOM0.19%$271,0003.8K
86AVBAvalonBay Communities IncCOM0.16%$237,0001.3K
87LLYEli Lilly and CoCOM0.16%$237,000305
88SBACSBA Communications CorpCOM0.15%$217,0001.0K
89OPENOpendoor TechnologiesCOM0.02%$30,00010.0K

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 ↗

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 ↗.