Latest LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA Stock Portfolio

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA Performance:

2025 Q4: -5.04%YTD: 6.29%2024: 11.6%

Performance for 2025 Q4 is -5.04%, and YTD is 6.29%, and 2024 is 11.6%.

About LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA and 13F Hedge Fund Stock Holdings

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA is a hedge fund based in LONG BEACH, CA. On 12-Dec-2022, the fund reported that it had an AUM (Regulated Assets under Management) of $202.1 Millions. In it's latest 13F Holdings report, LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA reported an equity portfolio of $149 Millions as of 31 Dec, 2025.

The top stock holdings of LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA are AAPL, MSFT, NVDA. The fund has invested 8.8% of it's portfolio in APPLE INC and 7.3% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off BRISTOL-MYERS SQUIBB COMPANY (BMY), KIMBERLY-CLARK CORP (KMB) and CROWN CASTLE INTERNATIONAL CORP (CCI) stocks. They significantly reduced their stock positions in SCHWAB US REIT ETF (FNDA), WATERS CORP (WAT) and ELI LILLY AND CO (LLY). LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA opened new stock positions in AIRBNB INC (ABNB) and OTIS WORLDWIDE CORP (OTIS). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), ISHARES RESIDENTIAL REAL ESTATE CAPD ETF (AAXJ) and PROCTER & GAMBLE CO (PG).

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA Annual Return Estimates Vs S&P 500

Our best estimate is that LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA made a return of -5.04% in the last quarter. In trailing 12 months, it's portfolio return was 6.29%.

Performance
S&P 500

New Buys

Ticker	$ Bought
airbnb inc	1,244,000
otis worldwide corp	880,000

New stocks bought by LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

Additions

Ticker	% Inc.
netflix inc	858
ishares residential real estate capd etf	190
procter & gamble co	115
the home depot inc	17.61
corpay inc	10.47
waste management inc	9.13
nextera energy inc	9.06
s&p global inc	5.66

Additions to existing portfolio by LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

Reductions

Ticker	% Reduced
schwab us reit etf	-65.41
schwab us aggregate bond etf	-24.94
waters corp	-21.75
eli lilly and co	-15.51
salesforce inc	-14.31
blackstone inc	-13.5
crowdstrike holdings inc	-12.86
fiserv inc	-12.86

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA reduced stake in above stock

Sold off

Ticker	$ Sold
bristol-myers squibb company	-892,000
schwab short-term us treasury etf	-315,000
kimberly-clark corp	-876,000
crown castle international corp	-332,000

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA got rid off the above stocks

Sector Distribution

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA has about 30.5% of it's holdings in Technology sector.

Sector	%
Technology	30.5
Others	13.1
Financial Services	11.5
Industrials	8.8
Communication Services	8.8
Healthcare	8.5
Consumer Cyclical	5.7
Consumer Defensive	3.7
Real Estate	2.9
Basic Materials	2.5
Utilities	2.3
Energy	1.7

Market Cap. Distribution

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA has about 87% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	53.2
LARGE-CAP	33.8
UNALLOCATED	13.1

Stocks belong to which Index?

About 84.7% of the stocks held by LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	84.7
Others	15.3

Top 5 Winners (%)		%
LLY	eli lilly and co	38.0 %
GOOG	alphabet inc c	27.9 %
GOOG	alphabet inc a	27.4 %
MRK	merck & co inc	25.3 %
WAT	waters corp	23.8 %

Top 5 Winners ($)		$
GOOG	alphabet inc a	1.6 M
AAPL	apple inc	0.9 M
DAL	delta air lines inc	0.3 M
AMGN	amgen inc	0.3 M
JNJ	johnson & johnson	0.3 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.7 %
	fiserv inc	-44.8 %
UBER	uber technologies inc	-16.4 %
	flutter entertainment plc	-14.9 %
HD	the home depot inc	-14.2 %

Top 5 Losers ($)		$
NFLX	netflix inc	-10.4 M
MSFT	microsoft corp	-0.8 M
	fiserv inc	-0.6 M
META	meta platforms	-0.5 M
ADP	automatic data processing inc	-0.4 M

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA has 83 stocks in it's portfolio. About 41.4% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA last quarter.

Last Reported on: 26 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	8.84	48,450	13,172,000	reduced	-6.58

AAXJ	ishares residential real estate capd etf	0.38	6,905	571,000	added	190

ABBV	abbvie inc	1.65	10,755	2,457,000	reduced	-1.93

ABNB	airbnb inc	0.84	9,166	1,244,000	new

ADP	automatic data processing inc	1.80	10,403	2,676,000	reduced	-5.64

AMGN	amgen inc	1.46	6,640	2,173,000	reduced	-0.64

AMT	american tower corp	0.42	3,574	627,000	reduced	-2.16

AMZN	amazon.com inc	3.36	21,701	5,009,000	reduced	-7.65

AVGO	broadcom inc com	2.67	11,500	3,980,000	reduced	-1.27

AWK	american water works co inc	0.80	9,069	1,184,000	reduced	-12.45

BA	boeing co	0.98	6,732	1,462,000	reduced	-2.6

BAC	bank of america corporation	0.44	12,000	660,000	unchanged	0.00

BMY	bristol-myers squibb company	0.00	0.00	0.00	sold off	-100

BX	blackstone inc	0.84	8,135	1,254,000	reduced	-13.5

CB	chubb ltd	1.57	7,510	2,344,000	added	1.19

CCI	crown castle international corp	0.00	0.00	0.00	sold off	-100

CME	cme group inc class a	0.89	4,851	1,325,000	reduced	-2.12

COST	costco wholesale corp	1.23	2,121	1,829,000	reduced	-5.65

CRM	salesforce inc	0.55	3,113	825,000	reduced	-14.31

CRWD	crowdstrike holdings inc	0.74	2,351	1,102,000	reduced	-12.86