LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA
•CIK: 1089707•Filing: Q4 2025
**LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA** manages $149M across a concentrated portfolio of 83 positions. The strategy exhibits a clear overweight bias toward mega-cap technology leaders, evidenced by top holdings including AAPL ($13.2M) and MSFT ($10.9M). Significant allocations are also maintained in semiconductor and cloud infrastructure names such as NVDA ($8.7M) and AVGO ($4.0M). This positioning suggests a conviction in secular growth trends within the technology and enterprise software sectors.
Total AUM
$149.0M
QoQ Performance
-3.3%
Positions
83
Top 10 Concentration
41.4%
Latest Filing
Q4 2025
Top Holdings Allocation
AAPL
MSFT
NVDA
AAPL8.8%
MSFT7.3%
NVDA5.8%
GOOGL4.5%
AMZN3.4%
AVGO2.7%
META2.7%
V2.3%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Technology34.2%
Other30.8%
Financial9.1%
Consumer7.9%
Healthcare6.8%
Industrial2.7%
Real Estate1.8%
Energy1.7%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW2 new positions
↑16 increased
↓57 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022