LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

CIK

1089707

Location

LONG BEACH, CA

Portfolio Value

Small $131,190,311

Diversification

Diversified

Filing Date

Global Rank

#4,786 / 8,232 ▲ 135

Top Industry

Consumer Electronics 9.6%

3Y Alpha vs SPY

-5.5%

Period ended 2 months ago

Filed Apr 24, 2026 · 51d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+53.9%

SPY

+76.3%

Annualised alpha

-5.4%

Max drawdown

−15.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

69 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.3%

−0.1 pts

Top 5

29.9%

−1.9 pts

Top 10

41.7%

−2.4 pts

HHI

301

Diversified−18

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.6%	$44,068,772	13
Financial Services	15.1%	$19,847,384	11
Healthcare	9.3%	$12,185,801	8
Communication Services	8.9%	$11,723,804	4
Industrials	8.1%	$10,576,161	8
Consumer Cyclical	6.0%	$7,913,703	4
Consumer Defensive	4.6%	$6,021,355	5
Real Estate	3.6%	$4,666,166	8
Basic Materials	3.0%	$3,881,977	2
Utilities	2.9%	$3,769,864	2
Energy	2.6%	$3,446,296	2
Unclassified	2.4%	$3,089,028	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
CSCO	Cisco Systems, Inc.	+2,794	26,240	$2,035,961
PG	PROCTER & GAMBLE Co	+2,094	9,162	$1,323,359
NFLX	Netflix Inc	+1,692	18,795	$1,807,139
CRWD	CrowdStrike Holdings, Inc.	+394	2,745	$1,071,675
GLD	Spdr Gold Trust	+383	6,523	$2,806,781
ADP	Automatic Data Processing Inc	+184	10,587	$2,151,066
GLW	Corning Inc /Ny	+152	18,893	$2,568,881
CVX	Chevron Corp	+100	4,255	$880,359
OTIS	Otis Worldwide Corp	+90	10,167	$783,672
SPY	Spdr S&P 500 ETF Trust	+73	434	$282,247
MDT	Medtronic plc	+68	14,099	$1,221,678
ABBV	AbbVie Inc.	+53	10,808	$2,350,631
AVGO	Broadcom Inc.	+47	11,547	$3,573,911
SBUX	Starbucks Corp	+40	13,002	$1,164,849
JPM	Jpmorgan Chase & Co	+23	9,067	$2,667,148
MSFT	Microsoft Corp	+22	22,570	$8,354,736
LIN	Linde PLC	+18	4,350	$2,156,556
AWK	American Water Works Company, Inc.	+16	9,085	$1,236,377
WM	Waste Management Inc	+10	9,206	$2,115,446
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
JNJ	Johnson & Johnson	−1,897	11,359	$2,776,593
UNP	Union Pacific Corp	−926	6,866	$1,665,828
AMGN	Amgen Inc	−741	5,899	$2,075,563
PEP	Pepsico Inc	−577	5,670	$880,494
SYY	Sysco Corp	−483	13,044	$930,428
NEE	Nextera Energy Inc	−371	27,277	$2,533,487
NVDA	Nvidia Corp	−278	46,436	$8,098,438
GS	Goldman Sachs Group Inc	−241	1,128	$954,276
AMZN	Amazon Com Inc	−236	21,465	$4,470,515
AAPL	Apple Inc.	−228	48,222	$12,238,261
TRV	Travelers Companies, Inc.	−216	2,992	$872,706
BRK-B	Berkshire Hathaway Inc	−190	5,735	$2,748,212
VRT	Vertiv Holdings Co	−155	4,624	$1,158,681
GOOGL	Alphabet Inc.	−154	21,113	$6,071,254
MRK	Merck & Co., Inc.	−145	9,519	$1,145,040
BA	Boeing Co	−141	6,591	$1,311,806
XOM	Exxon Mobil Corp	−137	15,124	$2,565,937
CME	Cme Group Inc.	−54	4,797	$1,416,793
HON	Honeywell International Inc	−54	3,868	$874,284
V	Visa Inc.	−37	9,524	$2,878,533
HD	Home Depot, Inc.	−31	3,408	$1,120,857
MLM	Martin Marietta Materials Inc	−22	2,931	$1,725,421
SPGI	S&P Global Inc.	−20	4,165	$1,771,541
META	Meta Platforms, Inc.	−18	6,003	$3,434,496
ITW	Illinois Tool Works Inc	−15	4,452	$1,158,811
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
IBM	International Business Machines Corp	2,533	$613,973
SATS	EchoStar CORP	3,510	$410,915
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
FLUT	Flutter Entertainment plc	5,339	$1,148,098
CRM	Salesforce, Inc.	3,113	$824,664
PYPL	PayPal Holdings, Inc.	13,015	$759,815
FISV	Fiserv Inc	9,453	$634,958
MS	Morgan Stanley	1,275	$226,350
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

69 positions · $131,190,311 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 69 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	48,222	-228	$12,238,261	−7.1%	9.33%
MSFT	Microsoft Corp Technology	Added	22,570	+22	$8,354,736	−23.4%	6.37%
NVDA	Nvidia Corp Technology	Reduced	46,436	-278	$8,098,438	−7.0%	6.17%
GOOGL	Alphabet Inc. Communication Services	Reduced	21,113	-154	$6,071,254	−8.8%	4.63%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	21,465	-236	$4,470,515	−10.8%	3.41%
AVGO	Broadcom Inc. Technology	Added	11,547	+47	$3,573,911	−10.2%	2.72%
META	Meta Platforms, Inc. Communication Services	Reduced	6,003	-18	$3,434,496	−13.6%	2.62%
V	Visa Inc. Financial Services	Reduced	9,524	-37	$2,878,533	−14.2%	2.19%
GLD	Spdr Gold Trust	Added	6,523	+383	$2,806,781	+15.3%	2.14%
JNJ	Johnson & Johnson Healthcare	Reduced	11,359	-1,897	$2,776,593	+1.2%	2.12%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	5,735	-190	$2,748,212	−7.7%	2.09%
JPM	Jpmorgan Chase & Co Financial Services	Added	9,067	+23	$2,667,148	−8.5%	2.03%
BLK	BlackRock, Inc. Financial Services	Held	2,673	0	$2,570,650	−10.1%	1.96%
GLW	Corning Inc /Ny Technology	Added	18,893	+152	$2,568,881	+56.5%	1.96%
XOM	Exxon Mobil Corp Energy	Reduced	15,124	-137	$2,565,937	+39.7%	1.96%
NEE	Nextera Energy Inc Utilities	Reduced	27,277	-371	$2,533,487	+14.1%	1.93%
CB	Chubb Ltd Financial Services	Reduced	7,508	-2	$2,447,082	+4.4%	1.87%
ABBV	AbbVie Inc. Healthcare	Added	10,808	+53	$2,350,631	−4.3%	1.79%
LIN	Linde PLC Basic Materials	Added	4,350	+18	$2,156,556	+16.8%	1.64%
ADP	Automatic Data Processing Inc Technology	Added	10,587	+184	$2,151,066	−19.6%	1.64%
WM	Waste Management Inc Industrials	Added	9,206	+10	$2,115,446	+4.7%	1.61%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	2,110	-11	$2,102,467	+15.0%	1.60%
AMGN	Amgen Inc Healthcare	Reduced	5,899	-741	$2,075,563	−4.5%	1.58%
CSCO	Cisco Systems, Inc. Technology	Added	26,240	+2,794	$2,035,961	+12.7%	1.55%
NFLX	Netflix Inc Communication Services	Added	18,795	+1,692	$1,807,139	+12.7%	1.38%
SPGI	S&P Global Inc. Financial Services	Reduced	4,165	-20	$1,771,541	−19.0%	1.35%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	2,931	-22	$1,725,421	−6.2%	1.32%
UNP	Union Pacific Corp Industrials	Reduced	6,866	-926	$1,665,828	−7.6%	1.27%
SYK	Stryker Corp Healthcare	Reduced	4,956	-10	$1,628,492	−6.7%	1.24%
DAL	Delta Air Lines, Inc. Industrials	Held	22,678	0	$1,507,633	−4.2%	1.15%
CME	Cme Group Inc. Financial Services	Reduced	4,797	-54	$1,416,793	+7.0%	1.08%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	9,162	+2,094	$1,323,359	+30.6%	1.01%
BA	Boeing Co Industrials	Reduced	6,591	-141	$1,311,806	−10.3%	1.00%
UBER	Uber Technologies, Inc Technology	Reduced	17,194	-10	$1,236,764	−12.0%	0.94%
AWK	American Water Works Company, Inc. Utilities	Added	9,085	+16	$1,236,377	+4.5%	0.94%
MDT	Medtronic plc Healthcare	Added	14,099	+68	$1,221,678	−9.4%	0.93%
SBUX	Starbucks Corp Consumer Cyclical	Added	13,002	+40	$1,164,849	+6.7%	0.89%
ITW	Illinois Tool Works Inc Industrials	Reduced	4,452	-15	$1,158,811	+5.3%	0.88%
VRT	Vertiv Holdings Co Industrials	Reduced	4,624	-155	$1,158,681	+49.7%	0.88%
ABNB	Airbnb, Inc. Consumer Cyclical	Held	9,166	0	$1,157,482	−7.0%	0.88%
MRK	Merck & Co., Inc. Healthcare	Reduced	9,519	-145	$1,145,040	+12.6%	0.87%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	3,408	-31	$1,120,857	−5.3%	0.85%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	2,745	+394	$1,071,675	−2.8%	0.82%
GS	Goldman Sachs Group Inc Financial Services	Reduced	1,128	-241	$954,276	−20.7%	0.73%
BX	Blackstone Inc. Financial Services	Held	8,135	0	$935,443	−25.4%	0.71%
SYY	Sysco Corp Consumer Defensive	Reduced	13,044	-483	$930,428	−6.7%	0.71%
WELL	Welltower Inc. Real Estate	Held	4,649	0	$919,153	+6.5%	0.70%
PLD	Prologis, Inc. Real Estate	Held	6,665	0	$880,979	+3.5%	0.67%
PEP	Pepsico Inc Consumer Defensive	Reduced	5,670	-577	$880,494	−1.8%	0.67%
CVX	Chevron Corp Energy	Added	4,255	+100	$880,359	+39.0%	0.67%