LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

Registered adviser

CIK

1089707

Location

LONG BEACH, CA

Portfolio Value

Small $155,092,186

Diversification

Diversified

Filing Date

Global Rank

#7,371 / 8,818 ▼ 205 · as of Jun 2026

Top Industry

Semiconductors 10.1%

Period ended 29 days ago

Filed Oct 23, 2026 · 6d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 110376

Roster of Oct 1, 2026

Regulatory AUM

$244,306,687

Main clients

Individuals and high net worth (84% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Jan 2026 to Oct 2026	$244,306,687	Individuals and high net worth (84%)
Jan 2025 to Dec 2025	$242,779,116	Individuals and high net worth (85%)
Jan 2024 to Dec 2024	$216,783,371	Individuals and high net worth (85%)
May 2023 to Dec 2023	$202,083,887	Individuals and high net worth (83%)
Jan 2023 to Apr 2023	$202,083,887	Individuals and high net worth (83%)
Jan 2022 to Dec 2022	$243,576,990	Individuals and high net worth (84%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 44.1%, 33.1 effective positions, active share 50.5% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

11.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.4 quarters (12+), a floor since 55.4% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 50.5%; sector active share 11.3% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

88 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

8.8%

+0.1 pts

Top 5

33.4%

+1.9 pts

Top 10

45.9%

+1.8 pts

HHI

323

Diversified+20

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	33.4%	$51,757,799	12
Financial Services	14.3%	$22,250,244	12
Communication Services	9.1%	$14,045,442	7
Unclassified	8.7%	$13,473,082	16
Healthcare	8.4%	$13,024,759	8
Consumer Cyclical	6.8%	$10,564,408	6
Industrials	5.9%	$9,179,349	8
Consumer Defensive	3.9%	$6,042,311	5
Real Estate	3.1%	$4,764,784	8
Energy	2.2%	$3,437,862	2
Basic Materials	2.2%	$3,366,905	2
Utilities	2.1%	$3,185,241	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
CRWD	CrowdStrike Holdings, Inc.	+4,287	6,463	$1,711,079
SCHB	Schwab U.S. Broad Market ETF	+3,996	24,470	$717,215
SCHD	Schwab U.S. Dividend Equity ETF	+2,079	32,739	$1,064,999
HON	Honeywell International Inc	+1,839	3,799	$801,361
CVX	Chevron Corp	+730	5,074	$1,036,161
PEP	Pepsico Inc	+555	7,837	$993,104
GLDM	World Gold Trust	+270	9,151	$752,029
IBM	International Business Machines Corp	+105	3,511	$772,174
SPGI	S&P Global Inc.	+95	4,268	$1,683,597
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−4,589	41,144	$13,701,774
MRK	Merck & Co., Inc.	−1,307	8,296	$1,205,491
ABNB	Airbnb, Inc.	−1,078	8,088	$1,299,337
NVDA	Nvidia Corp	−1,066	45,291	$10,343,558
SCHW	Schwab Charles Corp	−878	16,723	$1,634,506
UBER	Uber Technologies, Inc	−724	19,006	$1,302,101
MSFT	Microsoft Corp	−717	22,042	$11,305,341
NFLX	Netflix Inc	−668	18,097	$1,259,189
CTSH	Cognizant Technology Solutions Corp	−622	8,861	$508,975
META	Meta Platforms, Inc.	−582	5,694	$4,129,174
AMZN	Amazon Com Inc	−576	20,821	$5,187,552
GOOGL	Alphabet Inc.	−515	19,990	$6,878,159
BX	Blackstone Inc.	−414	7,721	$865,446
BA	Boeing Co	−345	6,063	$1,128,021
ADP	Automatic Data Processing Inc	−331	11,170	$2,882,530
V	Visa Inc.	−311	9,216	$3,311,585
TRV	Travelers Companies, Inc.	−298	2,548	$908,387
ECHO	EchoStar CORP	−275	3,235	$289,241
SYK	Stryker Corp	−255	5,143	$1,416,330
SCHV	Schwab U.S. Large-Cap Value ETF	−233	60,008	$1,998,866
CSCO	Cisco Systems, Inc.	−205	25,620	$2,757,480
CPAY	Corpay, Inc.	−180	2,585	$1,004,531
SCHG	Schwab U.S. Large-Cap Growth ETF	−175	50,503	$1,814,572
MCD	Mcdonalds Corp	−173	5,955	$1,375,247
VRT	Vertiv Holdings Co	−161	3,776	$911,186
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	7,362	$1,110,631
VIK	Viking Holdings Ltd	6,482	$507,735
TT	Trane Technologies plc	995	$449,720
RDDT	Reddit, Inc.	2,547	$362,794
MSGS	Madison Square Garden Sports Corp.	540	$218,813
GDX	VanEck Gold Miners ETF	2,405	$211,159
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
FICO	Fair Isaac Corp	692	$826,787
HONA	Honeywell Aerospace Inc.	1,956	$432,432
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

88 tracked positions · $155,092,186 total · filing declares 88 positions · $155,092 · as of Sep 30, 2026

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

Showing 1–50 of 88 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	41,144	-4,589	$13,701,774	+3.5%	8.83%
MSFT	Microsoft Corp Technology	Reduced	22,042	-717	$11,305,341	+33.2%	7.29%
NVDA	Nvidia Corp Technology	Reduced	45,291	-1,066	$10,343,558	+11.5%	6.67%
GOOGL	Alphabet Inc. Communication Services	Reduced	19,990	-515	$6,878,159	−6.1%	4.43%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	20,821	-576	$5,187,552	+1.7%	3.34%
META	Meta Platforms, Inc. Communication Services	Reduced	5,694	-582	$4,129,174	+16.8%	2.66%
AVGO	Broadcom Inc. Technology	Reduced	11,167	-97	$3,921,738	−7.8%	2.53%
V	Visa Inc. Financial Services	Reduced	9,216	-311	$3,311,585	+1.3%	2.14%
JNJ	Johnson & Johnson Healthcare	Reduced	11,098	-64	$2,938,084	+3.6%	1.89%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	8,801	-98	$2,911,634	−0.0%	1.88%
ADP	Automatic Data Processing Inc Technology	Reduced	11,170	-331	$2,882,530	+11.9%	1.86%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	5,623	-142	$2,799,972	−2.9%	1.81%
CSCO	Cisco Systems, Inc. Technology	Reduced	25,620	-205	$2,757,480	−9.1%	1.78%
ABBV	AbbVie Inc. Healthcare	Reduced	10,530	-55	$2,754,542	+3.4%	1.78%
BLK	BlackRock, Inc. Financial Services	Reduced	2,562	-63	$2,711,338	+7.4%	1.75%
GLD	Spdr Gold Trust	Held	6,523	0	$2,484,219	+3.4%	1.60%
XOM	ExxonMobil Holdings Corp Energy	Reduced	14,757	-123	$2,401,701	+18.1%	1.55%
CB	Chubb Ltd Financial Services	Reduced	7,309	-58	$2,377,252	−5.3%	1.53%
AMGN	Amgen Inc Healthcare	Reduced	5,188	-103	$2,186,793	+14.1%	1.41%
NEE	Nextera Energy Inc Utilities	Reduced	26,790	-117	$2,029,074	−14.1%	1.31%
LIN	Linde PLC Basic Materials	Reduced	4,262	-23	$2,022,958	−9.0%	1.30%
SCHV	Schwab U.S. Large-Cap Value ETF	Reduced	60,008	-233	$1,998,866	−4.7%	1.29%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	2,024	-82	$1,842,528	−6.5%	1.19%
WM	Waste Management Inc Industrials	Reduced	9,033	-51	$1,842,009	−9.0%	1.19%
UNP	Union Pacific Corp Industrials	Reduced	6,676	-87	$1,816,739	−1.2%	1.17%
SCHG	Schwab U.S. Large-Cap Growth ETF	Reduced	50,503	-175	$1,814,572	+5.8%	1.17%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	6,463	+4,287	$1,711,079	+3.0%	1.10%
SPGI	S&P Global Inc. Financial Services	Added	4,268	+95	$1,683,597	−0.9%	1.09%
SCHW	Schwab Charles Corp Financial Services	Reduced	16,723	-878	$1,634,506	+0.6%	1.05%
GLW	Corning Inc Technology	Held	10,058	0	$1,546,518	−39.8%	1.00%
SCHP	Schwab U.S. TIPS ETF	Held	57,130	0	$1,435,676	−5.2%	0.93%
CME	Cme Group Inc. Financial Services	Held	5,424	0	$1,420,979	+18.6%	0.92%
SYK	Stryker Corp Healthcare	Reduced	5,143	-255	$1,416,330	−16.7%	0.91%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	5,955	-173	$1,375,247	−17.0%	0.89%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	2,801	-129	$1,343,947	−20.5%	0.87%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	9,109	-33	$1,323,355	−1.3%	0.85%
UBER	Uber Technologies, Inc Technology	Reduced	19,006	-724	$1,302,101	−8.5%	0.84%
ABNB	Airbnb, Inc. Consumer Cyclical	Reduced	8,088	-1,078	$1,299,337	−0.9%	0.84%
NFLX	Netflix Inc Communication Services	Reduced	18,097	-668	$1,259,189	−6.0%	0.81%
MRK	Merck & Co., Inc. Healthcare	Reduced	8,296	-1,307	$1,205,491	−2.3%	0.78%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	12,665	-7	$1,190,003	−8.1%	0.77%
MDT	Medtronic plc Healthcare	Reduced	13,764	-69	$1,187,695	+9.8%	0.77%
AWK	American Water Works Company, Inc. Utilities	Reduced	8,930	-5	$1,156,167	−1.7%	0.75%
BA	Boeing Co Industrials	Reduced	6,063	-345	$1,128,021	−18.7%	0.73%
ITW	Illinois Tool Works Inc Industrials	Held	4,352	0	$1,119,682	−4.9%	0.72%
SPCX	Space Exploration Technologies Corp Industrials	NEW	7,362	NEW	$1,110,631	NEW	0.72%
WELL	Welltower Inc. Real Estate	Held	4,649	0	$1,070,385	+1.4%	0.69%
SCHD	Schwab U.S. Dividend Equity ETF	Added	32,739	+2,079	$1,064,999	+9.5%	0.69%
CVX	Chevron Corp Energy	Added	5,074	+730	$1,036,161	+43.9%	0.67%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	3,531	-125	$1,004,534	−22.1%	0.65%

Showing the top 50 of 88 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.