Lederer & Associates Investment Counsel

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 10, 2026), Lederer & Associates Investment Counsel reported 84 stock positions worth $151.9 million. Its top holding was Apple (AAPL) at 8.7% of the portfolio, followed by Nvidia (NVDA, 6.1%) and Microsoft (MSFT, 5.6%). Compared with Q1 2026, it opened 3 new positions, sold out of 3, added to 19 and reduced 37. The biggest buy was a new position in McDonald's (MCD) and the biggest sale an exit from Delta Air Lines (DAL).

Most Recent 13F
Q2 2026
Location
LONG BEACH, CA
CIK
0001089707
Portfolio Value
$151.9M (Q2 2026)
SEC Filing
0001089707-26-000003 ↗ filed Jul 10, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $143.9M Q1 2024 Q2 2024: $138.2M Q2 2024 Q3 2024: $142.1M Q3 2024 Q4 2024: $143.2M Q4 2024 Q1 2025: $136.6M Q1 2025 Q2 2025: $151.2M Q2 2025 Q3 2025: $154.0M Q3 2025 Q4 2025: $149.0M Q4 2025 Q1 2026: $141.2M Q1 2026 Q2 2026: $151.9M $151.9M Q2 2026

Holdings 84 stocks · $151.9M
AAPL Apple Inc. 8.71% 45,733 $13.2M Reduce -5.2%
NVDA Nvidia Corp. 6.11% 46,357 $9.3M Reduce -0.2%
MSFT Microsoft Corp. 5.59% 22,759 $8.5M Add +0.8%
GOOGL Alphabet Inc. Class A 4.82% 20,505 $7.3M Reduce -2.9%
AMZN Amazon.com Inc. 3.36% 21,397 $5.1M Reduce -0.3%
AVGO Broadcom Inc. 2.80% 11,264 $4.3M Reduce -2.5%
META Meta Platforms Inc. Class A 2.33% 6,276 $3.5M Add +4.5%
V Visa Inc. Class A 2.15% 9,527 $3.3M Add +0.0%
CSCO Cisco Systems Inc. 2.00% 25,825 $3.0M Reduce -1.6%
JPM JPMorgan Chase & Co. 1.92% 8,899 $2.9M Reduce -1.9%
BRK.B Berkshire Hathaway Inc. Class B 1.90% 5,765 $2.9M Add +0.5%
JNJ Johnson & Johnson 1.87% 11,162 $2.8M Reduce -1.7%
ABBV Abbvie Inc. 1.75% 10,585 $2.7M Reduce -2.1%
ADP Automatic Data Processing 1.70% 11,501 $2.6M Add +8.6%
GLW Corning Inc. 1.69% 10,058 $2.6M Reduce -46.8%
BLK BlackRock Inc. 1.66% 2,625 $2.5M Reduce -1.8%
CB Chubb Ltd. 1.65% 7,367 $2.5M Reduce -1.9%
GLD SPDR Gold Shares 1.58% 6,523 $2.4M No change
NEE Nextera Energy Inc. 1.55% 26,907 $2.4M Reduce -1.4%
LIN Linde PLC 1.46% 4,285 $2.2M Reduce -1.5%
SCHV Schwab US Large-Cap Value 1.38% 60,241 $2.1M Reduce -11.3%
XOM Exxonmobil Holdings Corp. 1.34% 14,880 $2.0M Reduce -1.6%
WM Waste Management Inc. 1.33% 9,084 $2.0M Reduce -1.3%
COST Costco Wholesale Corp. 1.30% 2,106 $2.0M Reduce -0.2%
AMGN Amgen Inc. 1.26% 5,291 $1.9M Reduce -10.3%
UNP Union Pacific Corp. 1.21% 6,763 $1.8M Reduce -1.5%
SCHG Schwab US Large-Cap Growth 1.13% 50,678 $1.7M Add +10.3%
SYK Stryker Corp. 1.12% 5,398 $1.7M Add +8.9%
SPGI S&P Global Inc. 1.12% 4,173 $1.7M Add +0.2%
MLM Martin Marietta Materials 1.11% 2,930 $1.7M Reduce -0.0%
CRWD CrowdStrike Holdings Inc. Class A 1.09% 2,176 $1.7M Reduce -20.7%
MCD McDonald's Corp. 1.09% 6,128 $1.7M New
SCHW Schwab (charles) Corp. 1.07% 17,601 $1.6M New
SCHP Schwab U.S. Tips ETF 1.00% 57,130 $1.5M No change
UBER Uber Technologies Inc. 0.94% 19,730 $1.4M Add +14.8%
BA The Boeing Co. 0.91% 6,408 $1.4M Reduce -2.8%
PG The Procter & Gamble Co. 0.88% 9,142 $1.3M Reduce -0.2%
NFLX Netflix Inc. 0.88% 18,765 $1.3M Reduce -0.2%
VRT Vertiv Holdings Co. Class A 0.87% 3,937 $1.3M Reduce -14.9%
ABNB Airbnb Inc. Class A 0.86% 9,166 $1.3M No change
SBUX Starbucks Corp. 0.85% 12,672 $1.3M Reduce -2.5%
HD Home Depot Inc. 0.85% 3,656 $1.3M Add +7.3%
MRK Merck & Co. Inc. 0.81% 9,603 $1.2M Add +0.9%
CME Cme Group Inc. 0.79% 5,424 $1.2M Add +13.1%
ITW Illinois Tool Works 0.77% 4,352 $1.2M Reduce -2.3%
AWK American Water Works Co. Inc. 0.77% 8,935 $1.2M Reduce -1.6%
GS Goldman Sachs Group Inc. 0.76% 1,135 $1.1M Add +0.6%
MDT Medtronic PLC 0.71% 13,833 $1.1M Reduce -1.9%
SYY Sysco Corp. 0.70% 12,766 $1.1M Reduce -2.1%
WELL Welltower Inc. 0.69% 4,649 $1.1M No change
PEP Pepsico Inc. 0.65% 7,282 $986K Add +28.4%
SCHD Schwab US DVD Equity ETF 0.64% 30,660 $972K Add +23.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.63% 3,406 $958K Add +34.5%
BX Blackstone Inc. 0.63% 8,135 $957K No change
GOOG Alphabet Inc. Class C 0.62% 2,665 $942K Reduce -8.8%
TRV The Travelers Cos Inc. 0.62% 2,846 $940K Reduce -4.9%
CPAY Corpay Inc. 0.61% 2,765 $921K No change
PLD Prologis Inc. 0.59% 6,665 $903K No change
WAT Waters Corp. 0.59% 2,375 $891K No change
KO The Coca-Cola Co. 0.55% 10,317 $838K No change
FICO Fair Isaac Corp. 0.54% 692 $827K No change
CVX Chevron Corp. 0.47% 4,344 $720K Add +2.1%
GLDM SPDR Gold Minishares Trust 0.46% 8,881 $705K New
BAC Bank of America Corp. 0.45% 12,000 $684K No change
REZ Ishars Res and Multi Reales 0.43% 6,905 $654K No change
SCHB Schwab US Broad Market ETF 0.39% 20,474 $593K No change
AMT American Tower Corp. 0.39% 3,574 $585K No change
EQIX Equinix Inc. 0.38% 549 $572K No change
SPG Simon Property Group Inc. 0.37% 2,487 $556K No change
SCHJ Schwab 1-5 YR Corp. BND ETF 0.32% 19,604 $483K Reduce -1.8%
DLR Digital Realty Trust Inc. 0.32% 2,685 $482K No change
HON Honeywell International Inc. 0.29% 1,960 $439K Add +1.3%
O Realty Income Corp. 0.29% 7,013 $435K No change
HONA Honeywell Aerospace Inc. 0.28% 1,956 $432K Add +1.1%
SCHH Schwab US REIT ETF 0.28% 17,882 $423K Reduce -2.7%
SCHZ Schwab US Aggregate Bond ETF 0.27% 17,504 $405K Reduce -2.1%
PSA Public Storage 0.26% 1,234 $393K No change
CTSH Cognizant Tech Solutions-A 0.24% 9,483 $367K No change
LLY Eli Lilly & Co. 0.24% 305 $366K No change
ECHO Echostar Corp. Class A 0.23% 3,510 $356K No change
SCHR Schwab Intermediate-Term US 0.23% 14,225 $351K Reduce -2.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.21% 434 $324K No change
BNDX Vanguard Total Intl Bond ETF 0.16% 5,165 $250K No change
PICB Invesco International Corpor 0.16% 10,330 $239K No change

Portfolio Sells Q1 2026 → Q2 2026
DAL Delta Air Lines Inc. Sold out 0.00% −1.07
OTIS Otis Worldwide Corp. Sold out 0.00% −0.56
XOM Exxonmobil Holdings Corp. Reduce -1.6% 1.34% −0.48
NFLX Netflix Inc. Reduce -0.2% 0.88% −0.40
NEE Nextera Energy Inc. Reduce -1.4% 1.55% −0.24
AMGN Amgen Inc. Reduce -10.3% 1.26% −0.21
COST Costco Wholesale Corp. Reduce -0.2% 1.30% −0.19
WM Waste Management Inc. Reduce -1.3% 1.33% −0.17
BLK BlackRock Inc. Reduce -1.8% 1.66% −0.16
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.16
MDT Medtronic PLC Reduce -1.9% 0.71% −0.15
GLW Corning Inc. Reduce -46.8% 1.69% −0.13
MLM Martin Marietta Materials Reduce -0.0% 1.11% −0.11
AWK American Water Works Co. Inc. Reduce -1.6% 0.77% −0.10
JNJ Johnson & Johnson Reduce -1.7% 1.87% −0.10
SCHV Schwab US Large-Cap Value Reduce -11.3% 1.38% −0.09
CB Chubb Ltd. Reduce -1.9% 1.65% −0.08
LIN Linde PLC Reduce -1.5% 1.46% −0.06
PG The Procter & Gamble Co. Reduce -0.2% 0.88% −0.05
ITW Illinois Tool Works Reduce -2.3% 0.77% −0.05
SCHJ Schwab 1-5 YR Corp. BND ETF Reduce -1.8% 0.32% −0.03
SCHZ Schwab US Aggregate Bond ETF Reduce -2.1% 0.27% −0.03
SCHR Schwab Intermediate-Term US Reduce -2.1% 0.23% −0.03
BA The Boeing Co. Reduce -2.8% 0.91% −0.02
SCHH Schwab US REIT ETF Reduce -2.7% 0.28% −0.00
TRV The Travelers Cos Inc. Reduce -4.9% 0.62% +0.00
GOOG Alphabet Inc. Class C Reduce -8.8% 0.62% +0.03
SBUX Starbucks Corp. Reduce -2.5% 0.85% +0.03
JPM JPMorgan Chase & Co. Reduce -1.9% 1.92% +0.03
UNP Union Pacific Corp. Reduce -1.5% 1.21% +0.03
AAPL Apple Inc. Reduce -5.2% 8.71% +0.04
SYY Sysco Corp. Reduce -2.1% 0.70% +0.04
VRT Vertiv Holdings Co. Class A Reduce -14.9% 0.87% +0.05
ABBV Abbvie Inc. Reduce -2.1% 1.75% +0.09
AMZN Amazon.com Inc. Reduce -0.3% 3.36% +0.19
AVGO Broadcom Inc. Reduce -2.5% 2.80% +0.27
CRWD CrowdStrike Holdings Inc. Class A Reduce -20.7% 1.09% +0.33
NVDA Nvidia Corp. Reduce -0.2% 6.11% +0.37
GOOGL Alphabet Inc. Class A Reduce -2.9% 4.82% +0.52
CSCO Cisco Systems Inc. Reduce -1.6% 2.00% +0.55

Portfolio Buys Q1 2026 → Q2 2026
MCD McDonald's Corp. New 1.09% +1.09
SCHW Schwab (charles) Corp. New 1.07% +1.07
GLDM SPDR Gold Minishares Trust New 0.46% +0.46
IBM Intl Business Machines Corp. Add +34.5% 0.63% +0.20
SCHG Schwab US Large-Cap Growth Add +10.3% 1.13% +0.18
ADP Automatic Data Processing Add +8.6% 1.70% +0.17
V Visa Inc. Class A Add +0.0% 2.15% +0.11
SCHD Schwab US DVD Equity ETF Add +23.1% 0.64% +0.10
GS Goldman Sachs Group Inc. Add +0.6% 0.76% +0.08
UBER Uber Technologies Inc. Add +14.8% 0.94% +0.06
HD Home Depot Inc. Add +7.3% 0.85% +0.05
PEP Pepsico Inc. Add +28.4% 0.65% +0.03
MRK Merck & Co. Inc. Add +0.9% 0.81% +0.00
HONA Honeywell Aerospace Inc. Add +1.1% 0.28% −0.02
SYK Stryker Corp. Add +8.9% 1.12% −0.03
BRK.B Berkshire Hathaway Inc. Class B Add +0.5% 1.90% −0.05
META Meta Platforms Inc. Class A Add +4.5% 2.33% −0.11
SPGI S&P Global Inc. Add +0.2% 1.12% −0.14
CVX Chevron Corp. Add +2.1% 0.47% −0.15
CME Cme Group Inc. Add +13.1% 0.79% −0.22
MSFT Microsoft Corp. Add +0.8% 5.59% −0.33
HON Honeywell International Inc. Add +1.3% 0.29% −0.33

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 84$151.9MAAPL, NVDA, MSFT, GOOGL, AMZN
Q1 2026 83$141.2MAAPL, MSFT, NVDA, GOOGL, AMZN
Q4 2025 83$149.0MAAPL, MSFT, NVDA, GOOGL, AMZN
Q3 2025 85$154.0MAAPL, MSFT, NVDA, GOOGL, AMZN
Q2 2025 83$151.2MMSFT, AAPL, NVDA, AMZN, META
Q1 2025 81$136.6MAAPL, MSFT, NVDA, AMZN, GOOGL
Q4 2024 85$143.2MAAPL, MSFT, NVDA, GOOGL, AMZN
Q3 2024 84$142.1MAAPL, MSFT, NVDA, GOOGL, AMZN
Q2 2024 84$138.2MAAPL, MSFT, NVDA, GOOGL, AMZN
Q1 2024 89$143.9MMSFT, AAPL, NVDA, GOOGL, AMZN