SEC 13F Intelligence

Managers / Q3 2025 · view latest →

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

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

Reported Value
$154M
Q3 2025
Positions
85
Filings on Record
32
2019–present window
Filed
Oct 24, 2025
original filing

Summary

Lederer & Associates Investment Counsel/Ca reported $154M in U.S.-listed holdings across 85 positions for Q3 2025.

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

Compared with Q2 2025, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+5.7%
vs prior filed quarter
Top-10 Concentration
+41.8%
share of reported value
Largest Position
+8.6%
Apple
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
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: 89.2%ETP: 7.6%REIT: 3.1%
  • Common Stock · 89.2% · $137M
  • ETP · 7.6% · $12M
  • REIT · 3.1% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FICOFair Isaac CorpNEW+779779+$1M$1M
SPYSPDR S&P 500 ETFNEW+346346+$230,000$230,000
MSMorgan StanleyNEW+1.3K1.3K+$203,000$203,000
SCHMSchwab US Mid-Cap ETFSOLD OUT−12.9K0−$361,000$0
LLYEli Lilly and CoTRIMMED−2.4K361−$2M$275,000
SCHGSchwab US Large-Cap Growth ETFADDED+19.4K44.0K+$687,000$1M
EXMOCExxon Mobil CorpADDED+5.3K15.5K+$649,000$2M
CVXChevron CorpTRIMMED−4.1K4.2K−$535,000$645,000

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

Holdings — Q3 2025

85 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM8.57%$13M51.9K
2MSFTMicrosoft Corphistory →COM7.97%$12M23.7K
3NVDANVIDIA Corphistory →COM6.19%$10M51.1K
4GOOGLAlphabet Inc Ahistory →COM3.70%$6M23.5K
5AMZNAmazon.com Inchistory →COM3.35%$5M23.5K
6METAMeta Platformshistory →COM3.08%$5M6.5K
7AVGOBroadcom Inc Comhistory →COM2.49%$4M11.6K
8VVisa Inc Class Ahistory →COM2.32%$4M10.5K
9ADPAutomatic Data Processing Inchistory →COM2.10%$3M11.0K
10BRK/BBerkshire Hathaway Inc Bhistory →COM2.01%$3M6.2K
11BLKBlackRock Inchistory →COM2.00%$3M2.6K
12JPMJPMorgan Chase & Cohistory →COM1.84%$3M9.0K
13ABBVAbbVie Inchistory →COM1.65%$3M11.0K
14JNJJohnson & Johnsonhistory →COM1.60%$2M13.3K
15GLDSPDR Gold Shareshistory →COM1.59%$2M6.9K
16NFLXNetflix Inchistory →COM1.39%$2M1.8K
17CBChubb Ltdhistory →COM1.36%$2M7.4K
18COSTCostco Wholesale Corphistory →COM1.35%$2M2.2K
19MLMMartin Marietta Materials Inchistory →COM1.34%$2M3.3K
20SYKStryker Corphistory →COM1.32%$2M5.5K
21LINLinde plchistory →COM1.26%$2M4.1K
22SCHVSchwab US Large-Cap Value ETFhistory →COM1.26%$2M66.7K
23SPGIS&P Global Inchistory →COM1.25%$2M4.0K
24NEENextEra Energy Inchistory →COM1.24%$2M25.4K
25AMGNAmgen Inchistory →COM1.22%$2M6.7K
26WMWaste Management Inchistory →COM1.21%$2M8.4K
27UNPUnion Pacific Corphistory →COM1.20%$2M7.8K
28EXMOCExxon Mobil Corphistory →COM1.13%$2M15.5K
29UBERUber Technologies Inchistory →COM1.11%$2M17.5K
30CSCOCisco Systems Inchistory →COM1.06%$2M23.9K
31BXBlackstone Inchistory →COM1.04%$2M9.4K
32GLWCorning Inchistory →COM1.01%$2M18.9K
33SCHPSchwab US TIPS ETFCOM1.00%$2M57.1K
34BABoeing CoCOM0.97%$1M6.9K
35FLUTFlutter Entertainment PLCCOM0.94%$1M5.7K
36AWKAmerican Water Works Co IncCOM0.94%$1M10.4K
37DALDelta Air Lines IncCOM0.92%$1M25.0K
38SCHGSchwab US Large-Cap Growth ETFCOM0.91%$1M44.0K
39FISVFiserv IncCOM0.91%$1M10.8K
40MDTMedtronic PLCCOM0.89%$1M14.4K
41CMECME Group Inc Class ACOM0.87%$1M5.0K
42CRWDCrowdStrike Holdings IncCOM0.86%$1M2.7K
43HDThe Home Depot IncCOM0.77%$1M2.9K
44ITWIllinois Tool Works IncCOM0.77%$1M4.5K
45GSGoldman Sachs Group IncCOM0.77%$1M1.5K
46FICOFair Isaac CorpCOM0.76%$1M779
47SYYSysco CorpCOM0.74%$1M13.8K
48SBUXStarbucks CorpCOM0.73%$1M13.4K
49SCHHSchwab US REIT ETFCOM0.73%$1M52.0K
50TRVThe Travelers Companies IncCOM0.61%$937,0003.4K
51PYPLPayPal Holdings IncCOM0.60%$930,00013.9K
52WATWaters CorpCOM0.59%$910,0003.0K
53BMYBristol-Myers Squibb CompanyCOM0.58%$892,00019.8K
54PEPPepsiCo IncCOM0.57%$877,0006.2K
55KMBKimberly-Clark CorpCOM0.57%$876,0007.0K
56CRMSalesforce IncCOM0.56%$861,0003.6K
57WELLWelltower Inc ComCOM0.55%$846,0004.7K
58HONHoneywell International IncCOM0.54%$826,0003.9K
59MRKMerck & Co IncCOM0.53%$817,0009.7K
60PLDPrologis IncCOM0.51%$780,0006.8K
61GOOGAlphabet Inc CCOM0.50%$776,0003.2K
62VRTVertiv Holdings CoCOM0.50%$768,0005.1K
63CPAYCorpay IncCOM0.47%$721,0002.5K
64CTSHCognizant Technology SolutionsCOM0.46%$711,00010.6K
65AMTAmerican Tower CorpCOM0.46%$703,0003.7K
66KOCoca-Cola CoCOM0.44%$684,00010.3K
67SCHDSchwab US Dividend Equity ETFCOM0.42%$653,00023.9K
68CVXChevron CorpCOM0.42%$645,0004.2K
69BACBank of America CorporationCOM0.40%$619,00012.0K
70SCHZSchwab US Aggregate Bond ETFCOM0.36%$554,00023.6K
71SCHBSchwab US Broad Market ETFCOM0.34%$526,00020.5K
72PGProcter & Gamble CoCOM0.33%$505,0003.3K
73SCHJSchwab 1 5 Year Corp Bond ETFCOM0.32%$490,00019.6K
74SPGSimon Property Group IncCOM0.31%$476,0002.5K
75DLRDigital Realty Trust IncCOM0.31%$474,0002.7K
76EQIXEquinix IncCOM0.28%$439,000560
77ORealty Income CorpCOM0.28%$435,0007.2K
78PSAPublic StorageCOM0.24%$364,0001.3K
79SCHRSchwab Int-Term US Treasury ETFCOM0.23%$356,00014.2K
80CCICrown Castle International CorpCOM0.22%$332,0003.4K
81SCHOSchwab Short-Term US Treasury ETFCOM0.20%$315,00012.9K
82LLYEli Lilly and CoCOM0.18%$275,000361
83SPYSPDR S&P 500 ETFCOM0.15%$230,000346
84MSMorgan StanleyCOM0.13%$203,0001.3K
85REZiShares Residential Real Estate Capd ETFCOM0.13%$202,0002.4K

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 ↗.