LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

CIK

1089707

Location

LONG BEACH, CA

Portfolio Value

Micro $6,021,355

Diversification

Diversified

Filing Date

Global Rank

#4,786 / 8,232 ▲ 135

Top Industry

Consumer Electronics 9.6%

3Y Alpha vs SPY

-5.4%

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

5 positions · $6,021,355 total · Consumer Defensive only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	2,110	-11	$2,102,467	+15.0%	34.92%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	9,162	+2,094	$1,323,359	+30.6%	21.98%
SYY	Sysco Corp Consumer Defensive	Reduced	13,044	-483	$930,428	−6.7%	15.45%
PEP	Pepsico Inc Consumer Defensive	Reduced	5,670	-577	$880,494	−1.8%	14.62%
KO	Coca Cola Co Consumer Defensive	Held	10,317	0	$784,607	+8.8%	13.03%