Established Presence in California Wealth Management (Image Credits: Unsplash)
Long Beach, California – Lederer & Associates Investment Counsel, a veteran firm managing client portfolios since 1986, filed its most recent Form 13F with the Securities and Exchange Commission on January 26, 2026.[1][2] The quarterly report details holdings as of December 31, 2025, reflecting a total market value of about $149 million spread across 83 securities.[3] This disclosure offers a window into the firm’s strategy amid a dynamic market environment.
Established Presence in California Wealth Management
The firm operates from Long Beach, California, where it has specialized in equity, fixed-income, and balanced portfolios for decades.[4] With regulatory assets under management exceeding $244 million, Lederer & Associates caters to a range of investment needs.[5] Form 13F filings like this one are mandatory for institutional managers with over $100 million in qualifying assets, providing transparency to investors and analysts.
Such reports highlight not just current positions but also shifts in strategy over the quarter. For Lederer & Associates, the latest submission underscores a continued emphasis on established growth names.
Portfolio Snapshot: Value and Diversification
The disclosed 13F portfolio reached $148.98 million in value, encompassing 83 distinct holdings.[3] This represents a stable footprint compared to prior quarters, with the firm maintaining a broad yet concentrated approach. Technology stocks dominate, aligning with broader market trends where mega-cap performers drove significant gains in 2025.
Diversification appears across sectors, though details emphasize large-cap U.S. equities. The filing captures positions at quarter-end prices, offering a snapshot rather than real-time data.
Top Holdings Led by Apple and Microsoft
Apple Inc. (AAPL) stands as the largest position, accounting for roughly 8.84% of the portfolio with about 48,500 shares valued at $13.2 million.[3][6] Microsoft Corp. (MSFT), NVIDIA Corp. (NVDA), Alphabet Inc. (GOOGL), and Amazon.com Inc. (AMZN) round out the leading five, together comprising nearly 30% of the total.[7]
- Apple Inc. (AAPL): ~$13.2 million (8.84%)
- Microsoft Corp. (MSFT): Significant weighting in top tier
- NVIDIA Corp. (NVDA): Key tech exposure
- Alphabet Inc. (GOOGL): Among top performers
- Amazon.com Inc. (AMZN): E-commerce and cloud leader
These selections reflect confidence in technology’s resilience. The top five alone highlight a strategy favoring innovation-driven companies with strong balance sheets.[8]
Notable Moves and Emerging Positions
Among recent activity, the firm established a new stake in Airbnb Inc. (ABNB), acquiring 9,166 shares worth approximately $1.24 million during the quarter.[9] This addition signals interest in travel and experiential sectors recovering post-pandemic. Adjustments in other areas included trims in Apple shares, down about 6.58% from prior levels.[3]
Holdings in names like Linde PLC (LIN) and Medtronic PLC (MDT) also feature, adding industrial and healthcare balance.[10] Such tweaks demonstrate active management amid volatility.
Investors monitoring institutional flows will watch how Lederer & Associates adapts in upcoming quarters. With markets eyeing interest rate shifts and AI advancements, the firm’s next filing could reveal further evolution in its allocations.