LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA — 13F Holdings & Portfolio

CIK 1089707 · latest 13F-HR filed 2026-10-23

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA manages $155.1M in 13F-reported U.S. long-equity assets across 88 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are AAPL (8.83%), MSFT (7.29%), NVDA (6.67%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 6 new positions and exited 2; 19 existing positions rose in reported value and 29 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$155.1M

Long-equity book

Holdings

Distinct positions

Period

2026-09-30

Filed 2026-10-23

Q/Q Activity

+6 / −2 / ↑19 / ↓29

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26

AAPL8.8% · -10%MSFT7.3% · -3%NVDA6.7% · -2%GOOGL4.4% · -2%AMZN3.3% · -3%META2.7% · -9%AVGO2.5% · -1%V2.1% · -3%JNJ1.9% · -1%JPM1.9% · -1%ADP1.9% · -3%BRK.B1.8% · -2%CSCO1.8% · -1%ABBV1.8% · -0%BLK1.7% · -2%GLD1.6% · 0%XOM1.5% · -1%CB1.5% · -1%AMGN1.4% · -2%NEE1.3% · -0%LIN1.3% · -0%SCHV1.3% · -0%COST1.2% · -4%WM1.2% · -1%UNP1.2% · -1%SCHG1.2% · -0%CRWD1.1% · +197%SPGI1.1% · +2%SCHW1.1% · -5%GLW1.0% · 0%SCHP0.9% · 0%CME0.9% · 0%SYK0.9% · -5%MCD0.9% · -3%MLM0.9% · -4%PG0.9% · -0%UBER0.8% · -4%ABNB0.8% · -12%NFLX0.8% · -4%MRK0.8% · -14%SBUX0.8% · -0%MDT0.8% · -0%AWK0.7% · -0%BA0.7% · -5%ITW0.7% · 0%SPCX0.7% · new WELL0.7% · 0%SCHD0.7% · +7%CVX0.7% · +17%CPAY0.6% · -6%HD0.6% · -3%SYY0.6% · 0%PEP0.6% · +8%WAT0.6% · -6%GS0.6% · -5%VRT0.6% · -4%GOOG0.6% · 0%TRV0.6% · -10%KO0.6% · 0%BX0.6% · -5%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 41.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Dec 8, 2025.

Assets Under Management

$244.3M

Discretionary

$244.3M

Employees

Accounts

137

Address

5305 EAST 2ND STREET
SUITE 201
LONG BEACH, CA 90803-5317

Phone

(562) 434-5305

Website

WWW.LEDERER-ASSOCIATES.COM

Name	Title / Status	Ownership	Type
LEDERER, RICHARD, ALLEN Control	CIO, CEO, CHM since Jan 1986	Less than 5%	Individual
RAL HOLDINGS Control	HOLDING COMPANY since Jan 1986	75% or more	Domestic Entity
BEMIS, DARIN, WYNN	CHIEF COMPLIANCE OFFICER since Apr 2004	Less than 5%	Individual
BYRNE, BRIAN, CHRISTOPHER	OPERATIONS ADMINISTRATOR since Apr 2013	Less than 5%	Individual
LEDERER, RICHARD, ALLEN Control Indirect owner via RAL HOLDINGS	CIO, CEO, CHM since Jan 1986	75% or more	Individual

Ownership & leadership changes · 2 filings with changes since Dec 16, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Aug 11, 2025 filing

AddedLEDERER, RICHARD, ALLEN · CIO, CEO, CHM · 75% or more · indirect via RAL HOLDINGS · control person
ChangedLEDERER, RICHARD, ALLEN · ownership 75% or more → Less than 5%

Dec 13, 2013 filing

No longer listedBAILEY, NANCY, LEIGH · SECRETARY · Less than 5% · listed since Jun 2000
AddedBYRNE, BRIAN, CHRISTOPHER · OPERATIONS ADMINISTRATOR · Less than 5%

Dec 16, 2011 filing (earliest on record)

ListedBAILEY, NANCY, LEIGH · SECRETARY · Less than 5%
ListedBEMIS, DARIN, WYNN · CHIEF COMPLIANCE OFFICER · Less than 5%
ListedLEDERER, RICHARD, ALLEN · CIO, CEO, CHM · 75% or more · control person
ListedRAL HOLDINGS · HOLDING COMPANY · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Microsoft Corp$2.8M +33.2%
NVIDIA Corp$1.1M +11.5%
Meta Platforms$594.0K +16.8%
Exxon Mobil Corp$368.0K +18.1%
Honeywell International Inc$362.0K +82.5%

Show all 19 →

Top Trims

Corning Inc-$1.0M -39.8%
Alphabet Inc A-$450.0K -6.1%
Vertiv Holdings Co-$407.0K -30.9%
Martin Marietta Materials Inc-$346.0K -20.5%
Broadcom Inc Com-$333.0K -7.8%

Show all 29 →

New Positions

Show all 6 →

Exited Positions

Fair Isaac Corp$827.0K
Honeywell Aerospace Inc.$432.0K

Loading…

#	Issuer	Symbol	CUSIP	Value	Δ

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA Holdings (2026-09-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	Apple Inc	AAPL	037833100	$13.7M	8.83%	41,144	SH
2	Microsoft Corp	MSFT	594918104	$11.3M	7.29%	22,042	SH
3	NVIDIA Corp	NVDA	67066G104	$10.3M	6.67%	45,291	SH
4	Alphabet Inc A	GOOGL	02079K305	$6.9M	4.43%	19,990	SH
5	Amazon.com Inc	AMZN	023135106	$5.2M	3.35%	20,821	SH
6	Meta Platforms	META	30303M102	$4.1M	2.66%	5,694	SH
7	Broadcom Inc Com	AVGO	11135F101	$3.9M	2.53%	11,167	SH
8	Visa Inc Class A	V	92826C839	$3.3M	2.14%	9,216	SH
9	Johnson & Johnson	JNJ	478160104	$2.9M	1.89%	11,098	SH
10	JPMorgan Chase & Co	JPM	46625H100	$2.9M	1.88%	8,801	SH
11	Automatic Data Processing Inc	ADP	053015103	$2.9M	1.86%	11,170	SH
12	Berkshire Hathaway Inc B	BRK.B	084670702	$2.8M	1.81%	5,623	SH
13	Cisco Systems Inc	CSCO	17275R102	$2.8M	1.78%	25,620	SH
14	AbbVie Inc	ABBV	00287Y109	$2.8M	1.78%	10,530	SH
15	BlackRock Inc	BLK	09290D101	$2.7M	1.75%	2,562	SH
16	SPDR Gold Shares	GLD	78463V107	$2.5M	1.60%	6,523	SH
17	Exxon Mobil Corp	XOM	30233Q108	$2.4M	1.55%	14,757	SH
18	Chubb Ltd	CB	H1467J104	$2.4M	1.53%	7,309	SH
19	Amgen Inc	AMGN	031162100	$2.2M	1.41%	5,188	SH
20	NextEra Energy Inc	NEE	65339F101	$2.0M	1.31%	26,790	SH
21	Linde plc	LIN	G54950103	$2.0M	1.30%	4,262	SH
22	Schwab US Large-Cap Value ETF	SCHV	808524409	$2.0M	1.29%	60,008	SH
23	Costco Wholesale Corp	COST	22160K105	$1.8M	1.19%	2,024	SH
24	Waste Management Inc	WM	94106L109	$1.8M	1.19%	9,033	SH
25	Union Pacific Corp	UNP	907818108	$1.8M	1.17%	6,676	SH
26	Schwab US Large-Cap Growth ETF	SCHG	808524300	$1.8M	1.17%	50,503	SH
27	CrowdStrike Holdings Inc	CRWD	22788C105	$1.7M	1.10%	6,463	SH
28	S&P Global Inc	SPGI	78409V104	$1.7M	1.09%	4,268	SH
29	Charles Schwab Corp	SCHW	808513105	$1.6M	1.05%	16,723	SH
30	Corning Inc	GLW	219350105	$1.5M	1.00%	10,058	SH
31	Schwab US TIPS ETF	SCHP	808524870	$1.4M	0.93%	57,130	SH
32	CME Group Inc Class A	CME	12572Q105	$1.4M	0.92%	5,424	SH
33	Stryker Corp	SYK	863667101	$1.4M	0.91%	5,143	SH
34	McDonald s Corp	MCD	580135101	$1.4M	0.89%	5,955	SH
35	Martin Marietta Materials Inc	MLM	573284106	$1.3M	0.87%	2,801	SH
36	Procter & Gamble Co	PG	742718109	$1.3M	0.85%	9,109	SH
37	Uber Technologies Inc	UBER	90353T100	$1.3M	0.84%	19,006	SH
38	Airbnb Inc	ABNB	009066101	$1.3M	0.84%	8,088	SH
39	Netflix Inc	NFLX	64110L106	$1.3M	0.81%	18,097	SH
40	Merck & Co Inc	MRK	58933Y105	$1.2M	0.78%	8,296	SH
41	Starbucks Corp	SBUX	855244109	$1.2M	0.77%	12,665	SH
42	Medtronic PLC	MDT	G5960L103	$1.2M	0.77%	13,764	SH
43	American Water Works Co Inc	AWK	030420103	$1.2M	0.75%	8,930	SH
44	Boeing Co	BA	097023105	$1.1M	0.73%	6,063	SH
45	Illinois Tool Works Inc	ITW	452308109	$1.1M	0.72%	4,352	SH
46	Space Exploration Technologies	SPCX	84615Q103	$1.1M	0.72%	7,362	SH
47	Welltower Inc Com	WELL	95040Q104	$1.1M	0.69%	4,649	SH
48	Schwab US Dividend Equity ETF	SCHD	808524797	$1.1M	0.69%	32,739	SH
49	Chevron Corp	CVX	166764100	$1.0M	0.67%	5,074	SH
50	Corpay Inc	CPAY	219948106	$1.0M	0.65%	2,585	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-09-30	2026-10-23	$155.1M	88	0001089707-26-000004
2026-06-30	2026-07-10	$151.9M	84	0001089707-26-000003
2026-03-31	2026-04-24	$141.2M	83	0001089707-26-000002
2025-12-31	2026-01-26	$149.0M	83	0001089707-26-000001

Filer Information

Address

5305 EAST 2ND STREET
STE 201
LONG BEACH, CA 90803

Phone

(562) 434-5305

Filing Manager

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

LONG BEACH, CA

Signatory

Darin Bemis

Chief Compliance Officer