Lederer & Associates Investment Counsel
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), Lederer & Associates Investment Counsel reported 85 stock positions worth $143.2 million. Its top holding was Apple (AAPL) at 9.5% of the portfolio, followed by Microsoft (MSFT, 7.5%) and Nvidia (NVDA, 5.0%). Compared with Q3 2024, it opened 4 new positions, sold out of 3, added to 17 and reduced 53. The biggest buy was a new position in Abbvie (ABBV) and the biggest sale McDonald's (MCD, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- LONG BEACH, CA
- CIK
- 0001089707
- Portfolio Value
- $143.2M (Q4 2024)
- SEC Filing
- 0001089707-25-000001 ↗ filed Jan 24, 2025
Holdings Value
Holdings 85 stocks · $143.2M
| AAPL Apple Inc. | 9.55% | 54,607 | $13.7M | Reduce -3.2% |
| MSFT Microsoft Corp. | 7.52% | 25,544 | $10.8M | Reduce -2.2% |
| NVDA Nvidia Corp. | 5.04% | 53,803 | $7.2M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 3.73% | 28,258 | $5.3M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 3.41% | 22,275 | $4.9M | Reduce -1.9% |
| META Meta Platforms Inc. Class A | 2.73% | 6,674 | $3.9M | Reduce -3.3% |
| V Visa Inc. Class A | 2.49% | 11,288 | $3.6M | Reduce -2.7% |
| ADP Automatic Data Processing | 2.36% | 11,530 | $3.4M | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.22% | 7,001 | $3.2M | Reduce -0.0% |
| AVGO Broadcom Inc. | 2.12% | 13,112 | $3.0M | Reduce -10.7% |
| BLK BlackRock Finance Inc. | 2.02% | 2,826 | $2.9M | Reduce -3.0% |
| SYK Stryker Corp. | 1.62% | 6,433 | $2.3M | Reduce -3.7% |
| JPM JPMorgan Chase & Co. | 1.61% | 9,619 | $2.3M | Reduce -5.2% |
| SPGI S&P Global Inc. | 1.45% | 4,171 | $2.1M | Reduce -3.1% |
| CB Chubb Ltd. | 1.44% | 7,442 | $2.1M | Reduce -2.5% |
| JNJ Johnson & Johnson | 1.43% | 14,165 | $2.0M | Add +0.2% |
| LLY Eli Lilly & Co. | 1.32% | 2,450 | $1.9M | Add +703.3% |
| COST Costco Wholesale Corp. | 1.30% | 2,033 | $1.9M | Reduce -0.7% |
| NFLX Netflix Inc. | 1.30% | 2,089 | $1.9M | Reduce -19.1% |
| NEE Nextera Energy Inc. | 1.29% | 25,824 | $1.9M | Reduce -3.8% |
| HSY The Hershey Co. | 1.28% | 10,844 | $1.8M | Add +10.1% |
| ABBV Abbvie Inc. | 1.28% | 10,321 | $1.8M | New |
| AMGN Amgen Inc. | 1.26% | 6,944 | $1.8M | Reduce -0.2% |
| ADBE Adobe Inc. | 1.25% | 4,042 | $1.8M | Add +1.5% |
| UNP Union Pacific Corp. | 1.19% | 7,474 | $1.7M | Add +7.5% |
| GLD SPDR Gold Shares | 1.15% | 6,815 | $1.6M | No change |
| MLM Martin Marietta Materials | 1.15% | 3,184 | $1.6M | Reduce -1.6% |
| SCHV Schwab US Large-Cap Value | 1.14% | 62,419 | $1.6M | Add +0.2% |
| AWK American Water Works Co. Inc. | 1.10% | 12,654 | $1.6M | Add +2.3% |
| WM Waste Management Inc. | 1.10% | 7,806 | $1.6M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 1.09% | 8,186 | $1.6M | Reduce -1.1% |
| SCHP Schwab U.S. Tips ETF | 1.08% | 59,886 | $1.5M | No change |
| CSCO Cisco Systems Inc. | 1.08% | 26,039 | $1.5M | Reduce -5.8% |
| FLUT Flutter Entertainment PLC-Di | 1.05% | 5,843 | $1.5M | New |
| ELV Elevance Health Inc. | 1.01% | 3,917 | $1.4M | Reduce -4.2% |
| FISV Fiserv Inc. | 1.01% | 7,032 | $1.4M | Reduce -14.4% |
| KO The Coca-Cola Co. | 0.90% | 20,635 | $1.3M | No change |
| PEP Pepsico Inc. | 0.88% | 8,261 | $1.3M | Add +0.1% |
| PYPL PayPal Holdings Inc. | 0.87% | 14,623 | $1.2M | Reduce -4.5% |
| MDT Medtronic PLC | 0.85% | 15,281 | $1.2M | Reduce -0.5% |
| BMY Bristol-Myers Squibb Co. | 0.83% | 21,122 | $1.2M | Reduce -6.0% |
| CVX Chevron Corp. | 0.82% | 8,068 | $1.2M | Add +0.0% |
| WAT Waters Corp. | 0.81% | 3,125 | $1.2M | Reduce -3.3% |
| SCHH Schwab US REIT ETF | 0.77% | 52,107 | $1.1M | Add +0.3% |
| SYY Sysco Corp. | 0.75% | 14,074 | $1.1M | Reduce -4.9% |
| LVMUY LVMH Moet Hennessy-Unsp ADR | 0.74% | 8,081 | $1.1M | Reduce -15.2% |
| UBER Uber Technologies Inc. | 0.72% | 17,188 | $1.0M | Add +61.6% |
| MCD McDonald's Corp. | 0.72% | 3,556 | $1.0M | Reduce -49.0% |
| HD Home Depot Inc. | 0.72% | 2,645 | $1.0M | Reduce -0.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.71% | 2,974 | $1.0M | Reduce -2.0% |
| XOM Exxon Mobil Corp. | 0.68% | 9,047 | $973K | Reduce -4.3% |
| CME Cme Group Inc. | 0.67% | 4,129 | $959K | New |
| UNH Unitedhealth Group Inc. | 0.65% | 1,849 | $935K | Reduce -14.6% |
| CTSH Cognizant Tech Solutions-A | 0.64% | 11,910 | $916K | Reduce -0.5% |
| CPAY Corpay Inc. | 0.64% | 2,701 | $914K | Reduce -27.4% |
| MRK Merck & Co. Inc. | 0.62% | 8,968 | $892K | Add +14.3% |
| HON Honeywell International Inc. | 0.62% | 3,934 | $889K | Reduce -0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 20,000 | $879K | Add +1.1% |
| GS Goldman Sachs Group Inc. | 0.60% | 1,490 | $853K | Reduce -16.5% |
| KMB Kimberly-Clark Corp. | 0.58% | 6,395 | $838K | Reduce -4.2% |
| TRV The Travelers Cos Inc. | 0.57% | 3,375 | $813K | Reduce -13.9% |
| MDLZ Mondelez International Inc. Class A | 0.54% | 12,956 | $774K | Reduce -1.5% |
| EQIX Equinix Inc. | 0.53% | 798 | $752K | Reduce -3.7% |
| AMT American Tower Corp. | 0.52% | 4,064 | $745K | Reduce -3.7% |
| SCHD Schwab US DVD Equity ETF | 0.49% | 25,452 | $695K | No change |
| PLD Prologis Inc. | 0.48% | 6,517 | $689K | Reduce -3.7% |
| PG The Procter & Gamble Co. | 0.47% | 4,045 | $678K | No change |
| SCHG Schwab US Large-Cap Growth | 0.47% | 23,927 | $667K | Add +0.4% |
| SCHZ Schwab US Aggregate Bond ETF | 0.44% | 27,841 | $632K | No change |
| SCHJ Schwab 1-5 YR Corp. BND ETF | 0.42% | 24,403 | $595K | Reduce -2.0% |
| GPC Genuine Parts Co. | 0.39% | 4,738 | $553K | New |
| SPG Simon Property Group Inc. | 0.35% | 2,899 | $499K | Reduce -3.6% |
| SCHR Schwab Intermediate-Term US | 0.31% | 18,379 | $446K | Reduce -1.1% |
| DLR Digital Realty Trust Inc. | 0.31% | 2,503 | $444K | Reduce -3.6% |
| SCHB Schwab US Broad Market ETF | 0.30% | 18,999 | $431K | No change |
| SCHO Schwab Short-Term US Treas | 0.30% | 17,770 | $428K | Add +2.8% |
| PSA Public Storage | 0.28% | 1,353 | $405K | Reduce -3.6% |
| SCHM Schwab US Mid Cap ETF | 0.25% | 12,863 | $356K | Add +0.4% |
| CCI Crown Castle Inc. | 0.24% | 3,747 | $340K | Reduce -5.2% |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.20% | 3,750 | $291K | No change |
| AVB Avalonbay Communities Inc. | 0.19% | 1,231 | $271K | Reduce -3.5% |
| SBAC SBA Communications Corp. | 0.13% | 946 | $193K | Reduce -5.2% |
| REZ Ishars Res and Multi Reales | 0.13% | 2,375 | $192K | No change |
| LMT Lockheed Martin Corp. | 0.12% | 365 | $177K | No change |
| OPEN Opendoor Technologies Inc. | 0.01% | 10,000 | $16K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| MCD McDonald's Corp. | Reduce -49.0% | 0.72% | −0.77 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −0.70 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.56 |
| ELV Elevance Health Inc. | Reduce -4.2% | 1.01% | −0.49 |
| MSFT Microsoft Corp. | Reduce -2.2% | 7.52% | −0.39 |
| MSGS Madison Square Garden Sports | Sold out | 0.00% | −0.38 |
| AMGN Amgen Inc. | Reduce -0.2% | 1.26% | −0.31 |
| NEE Nextera Energy Inc. | Reduce -3.8% | 1.29% | −0.30 |
| LVMUY LVMH Moet Hennessy-Unsp ADR | Reduce -15.2% | 0.74% | −0.29 |
| UNH Unitedhealth Group Inc. | Reduce -14.6% | 0.65% | −0.24 |
| CPAY Corpay Inc. | Reduce -27.4% | 0.64% | −0.18 |
| AMT American Tower Corp. | Reduce -3.7% | 0.52% | −0.17 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.5% | 0.54% | −0.14 |
| PLD Prologis Inc. | Reduce -3.7% | 0.48% | −0.12 |
| MDT Medtronic PLC | Reduce -0.5% | 0.85% | −0.12 |
| SPGI S&P Global Inc. | Reduce -3.1% | 1.45% | −0.11 |
| CB Chubb Ltd. | Reduce -2.5% | 1.44% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -4.3% | 0.68% | −0.10 |
| CCI Crown Castle Inc. | Reduce -5.2% | 0.24% | −0.09 |
| KMB Kimberly-Clark Corp. | Reduce -4.2% | 0.58% | −0.08 |
| SYK Stryker Corp. | Reduce -3.7% | 1.62% | −0.08 |
| TRV The Travelers Cos Inc. | Reduce -13.9% | 0.57% | −0.08 |
| PSA Public Storage | Reduce -3.6% | 0.28% | −0.08 |
| MLM Martin Marietta Materials | Reduce -1.6% | 1.15% | −0.08 |
| SYY Sysco Corp. | Reduce -4.9% | 0.75% | −0.06 |
| WM Waste Management Inc. | Reduce -1.8% | 1.10% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.0% | 2.22% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -3.3% | 2.73% | −0.05 |
| HD Home Depot Inc. | Reduce -0.1% | 0.72% | −0.04 |
| SBAC SBA Communications Corp. | Reduce -5.2% | 0.13% | −0.03 |
| FISV Fiserv Inc. | Reduce -14.4% | 1.01% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -16.5% | 0.60% | −0.03 |
| SCHJ Schwab 1-5 YR Corp. BND ETF | Reduce -2.0% | 0.42% | −0.02 |
| SCHR Schwab Intermediate-Term US | Reduce -1.1% | 0.31% | −0.02 |
| AVB Avalonbay Communities Inc. | Reduce -3.5% | 0.19% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.5% | 0.64% | −0.01 |
| SPG Simon Property Group Inc. | Reduce -3.6% | 0.35% | −0.01 |
| WAT Waters Corp. | Reduce -3.3% | 0.81% | −0.01 |
| EQIX Equinix Inc. | Reduce -3.7% | 0.53% | +0.01 |
| NFLX Netflix Inc. | Reduce -19.1% | 1.30% | +0.01 |
| DLR Digital Realty Trust Inc. | Reduce -3.6% | 0.31% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.0% | 0.83% | +0.02 |
| COST Costco Wholesale Corp. | Reduce -0.7% | 1.30% | +0.02 |
| PYPL PayPal Holdings Inc. | Reduce -4.5% | 0.87% | +0.03 |
| CSCO Cisco Systems Inc. | Reduce -5.8% | 1.08% | +0.04 |
| HON Honeywell International Inc. | Reduce -0.2% | 0.62% | +0.05 |
| BLK BlackRock Finance Inc. | Reduce -3.0% | 2.02% | +0.08 |
| ADP Automatic Data Processing | Reduce -0.4% | 2.36% | +0.10 |
| JPM JPMorgan Chase & Co. | Reduce -5.2% | 1.61% | +0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -2.0% | 0.71% | +0.11 |
Portfolio Buys Q3 2024 → Q4 2024
| ABBV Abbvie Inc. | New | 1.28% | +1.28 |
| LLY Eli Lilly & Co. | Add +703.3% | 1.32% | +1.13 |
| FLUT Flutter Entertainment PLC-Di | New | 1.05% | +1.05 |
| CME Cme Group Inc. | New | 0.67% | +0.67 |
| NVDA Nvidia Corp. | Add +0.1% | 5.04% | +0.45 |
| GPC Genuine Parts Co. | New | 0.39% | +0.39 |
| UBER Uber Technologies Inc. | Add +61.6% | 0.72% | +0.16 |
| BAC Bank of America Corp. | Add +1.1% | 0.61% | +0.06 |
| SCHG Schwab US Large-Cap Growth | Add +0.4% | 0.47% | +0.03 |
| SCHO Schwab Short-Term US Treas | Add +2.8% | 0.30% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.4% | 0.25% | −0.00 |
| MRK Merck & Co. Inc. | Add +14.3% | 0.62% | −0.00 |
| UNP Union Pacific Corp. | Add +7.5% | 1.19% | −0.02 |
| CVX Chevron Corp. | Add +0.0% | 0.82% | −0.02 |
| SCHV Schwab US Large-Cap Value | Add +0.2% | 1.14% | −0.04 |
| HSY The Hershey Co. | Add +10.1% | 1.28% | −0.05 |
| SCHH Schwab US REIT ETF | Add +0.3% | 0.77% | −0.08 |
| PEP Pepsico Inc. | Add +0.1% | 0.88% | −0.11 |
| AWK American Water Works Co. Inc. | Add +2.3% | 1.10% | −0.17 |
| JNJ Johnson & Johnson | Add +0.2% | 1.43% | −0.18 |
| ADBE Adobe Inc. | Add +1.5% | 1.25% | −0.20 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 84 | $151.9M | AAPL, NVDA, MSFT, GOOGL, AMZN |
| Q1 2026 | 83 | $141.2M | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q4 2025 | 83 | $149.0M | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q3 2025 | 85 | $154.0M | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q2 2025 | 83 | $151.2M | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2025 | 81 | $136.6M | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q4 2024 | 85 | $143.2M | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q3 2024 | 84 | $142.1M | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q2 2024 | 84 | $138.2M | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q1 2024 | 89 | $143.9M | MSFT, AAPL, NVDA, GOOGL, AMZN |