# LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1089707. Source: https://holderbook.com/funds/1089707-lederer-associates-investment-counsel-ca/

- Reported value: $151.9M
- Positions: 84
- Weight of the ten largest: 39.8%
- Filed: 2026-07-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.2M | 45,733 | 8.7% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.3M | 46,357 | 6.1% | 22 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.5M | 22,759 | 5.6% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.3M | 20,505 | 4.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.1M | 21,397 | 3.4% | 26 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.3M | 11,264 | 2.8% | 18 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.5M | 6,276 | 2.3% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.3M | 9,527 | 2.2% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.0M | 25,825 | 2.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.9M | 8,899 | 1.9% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.9M | 5,765 | 1.9% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.8M | 11,162 | 1.9% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.7M | 10,585 | 1.8% | 7 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $2.6M | 11,501 | 1.7% | 26 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.6M | 10,058 | 1.7% | 5 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.5M | 2,625 | 1.7% | 6 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.5M | 7,367 | 1.7% | 28 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.4M | 6,523 | 1.6% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.4M | 26,907 | 1.6% | 25 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $2.2M | 4,285 | 1.5% | 5 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $2.1M | 60,241 | 1.4% | 24 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $2.0M | 14,880 | 1.3% | 1 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.0M | 9,084 | 1.3% | 26 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.0M | 2,106 | 1.3% | 25 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.9M | 5,291 | 1.3% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.8M | 6,763 | 1.2% | 20 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.7M | 50,678 | 1.1% | 24 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.7M | 5,398 | 1.1% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.7M | 4,173 | 1.1% | 31 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $1.7M | 2,930 | 1.1% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.7M | 2,176 | 1.1% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.7M | 6,128 | 1.1% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.6M | 17,601 | 1.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $1.5M | 57,130 | 1.0% | 24 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.4M | 19,730 | 0.9% | 8 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.4M | 6,408 | 0.9% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.3M | 9,142 | 0.9% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.3M | 18,765 | 0.9% | 12 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $1.3M | 3,937 | 0.9% | 6 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $1.3M | 9,166 | 0.9% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.3M | 12,672 | 0.9% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.3M | 3,656 | 0.8% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.2M | 9,603 | 0.8% | 31 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $1.2M | 5,424 | 0.8% | 7 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $1.2M | 4,352 | 0.8% | 5 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $1.2M | 8,935 | 0.8% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.1M | 1,135 | 0.8% | 24 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.1M | 13,833 | 0.7% | 25 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $1.1M | 12,766 | 0.7% | 25 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $1.1M | 4,649 | 0.7% | 5 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $986.0K | 7,282 | 0.6% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $972.0K | 30,660 | 0.6% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $958.0K | 3,406 | 0.6% | 2 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $957.0K | 8,135 | 0.6% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $942.0K | 2,665 | 0.6% | 31 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $940.0K | 2,846 | 0.6% | 31 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $921.0K | 2,765 | 0.6% | 10 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $903.0K | 6,665 | 0.6% | 31 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $891.0K | 2,375 | 0.6% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $838.0K | 10,317 | 0.6% | 31 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $827.0K | 692 | 0.5% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $720.0K | 4,344 | 0.5% | 15 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $705.0K | 8,881 | 0.5% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $684.0K | 12,000 | 0.5% | 29 |
| ISHARES TR | [REZ](https://holderbook.com/stocks/REZ/) | $654.0K | 6,905 | 0.4% | 8 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $593.0K | 20,474 | 0.4% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $585.0K | 3,574 | 0.4% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $572.0K | 549 | 0.4% | 31 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $556.0K | 2,487 | 0.4% | 20 |
| SCHWAB STRATEGIC TR | [SCHJ](https://holderbook.com/stocks/SCHJ/) | $483.0K | 19,604 | 0.3% | 24 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $482.0K | 2,685 | 0.3% | 26 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $439.0K | 1,960 | 0.3% | 1 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $435.0K | 7,013 | 0.3% | 5 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $432.0K | 1,956 | 0.3% | 1 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $423.0K | 17,882 | 0.3% | 24 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $405.0K | 17,504 | 0.3% | 31 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $393.0K | 1,234 | 0.3% | 31 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $367.0K | 9,483 | 0.2% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $366.0K | 305 | 0.2% | 10 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $356.0K | 3,510 | 0.2% | 2 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $351.0K | 14,225 | 0.2% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $324.0K | 434 | 0.2% | 4 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $250.0K | 5,165 | 0.2% | 2 |
| INVESCO EXCH TRADED FD TR II | [PICB](https://holderbook.com/stocks/PICB/) | $239.0K | 10,330 | 0.2% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.4% | +14.8% | -5.5% | 100% |
| Q1 2026 | -4.4% | -4.6% | +0.3% | 100% |
| Q4 2025 | +1.1% | +2.4% | -1.2% | 100% |
| Q3 2025 | +6.4% | +7.8% | -1.4% | 100% |
| Q2 2025 | +8.1% | +10.5% | -2.4% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.6% | 100% |
| Q4 2024 | +1.2% | +2.1% | -0.9% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $151.9M | 84 |
| Q1 2026 | $141.2M | 83 |
| Q4 2025 | $149.0M | 83 |
| Q3 2025 | $154.0M | 85 |
| Q2 2025 | $151.2M | 83 |
| Q1 2025 | $136.6M | 81 |
| Q4 2024 | $143.2M | 85 |
| Q3 2024 | $142.1M | 84 |
| Q2 2024 | $138.2M | 84 |
| Q1 2024 | $143.9M | 89 |
| Q4 2023 | $135.1M | 87 |
| Q3 2023 | $125.8M | 86 |