Lederer & Associates Investment Counsel/CA: Q2 2026 Portfolio Activity Analysis
Insights into significant stock purchases and sales by Lederer & Associates Investment Counsel/CA in the second quarter of 2026.
As reported for the period ending June 30, 2026, institutional investor Lederer & Associates Investment Counsel/CA demonstrated notable activity within its portfolio. The firm's holdings underwent significant changes, reflecting strategic adjustments across various sectors.
Prominent Purchases in Q2 2026
Lederer & Associates significantly bolstered its position during the quarter through several substantial acquisitions and increases:
- Charles Schwab Corp (SCHW): The firm added a considerable number of shares, representing an increase in holdings by 100% from the previous period. This suggests renewed confidence or diversification into financial services.
- SPDR Gold MiniShares (GLDM): Lederer & Associates initiated a new position in this gold ETF, acquiring shares equal to the entire previous holding. This indicates potential interest in precious metals as an investment strategy.
- MCD (McDonald's Corp): The investor purchased 6128 shares of McDonald's Corporation during Q2, establishing a brand-new position that now accounts for 1.09% of the portfolio value.
- Schwab US Dividend Equity ETF (SCHD): This exchange-traded fund saw a substantial increase, with 5749 more shares added than previously held. The total allocation now stands at 0.64%.
- Schwab US Large-Cap Growth ETF (SCHG): Another significant addition occurred with this growth-focused ETF, adding 4710 shares. The current allocation is 1.13%.
These actions highlight Lederer & Associates' focus on institutional funds and specific sectors like Financial Services during the second quarter.
Notable Reductions in Holdings
In contrast to its buying activity, the investor also reduced exposure across several stocks:
- AAPL: Apple Inc experienced a reduction of 2489 shares. This represents a -5.16% decrease in holdings for this major Technology stock.
- Corning Inc (GLW): The investor sold 8835 shares, resulting in a -46.76% reduction from prior period holdings for this Technology company.
- CSCO: Cisco Systems Inc saw a decrease of 415 shares, amounting to a small -1.58% change over the quarter.
- JPM: JPMorgan Chase & Co experienced a slight reduction with -168 shares sold, leading to a -1.85% change in its allocation.
- Vertiv Holdings Co (VRT): This Industrials stock saw a decrease of 687 shares, impacting the portfolio with a -14.86% change.
- CME: CME Group Inc Class A experienced a reduction of 627 shares from prior period holdings.
The decision to exit or reduce positions in established names like Apple and Corning suggests a more nuanced approach, possibly reallocating capital towards newer opportunities identified in the market.
Technology Sector Dynamics
The Technology sector remains heavily represented within Lederer & Associates' portfolio. While there were reductions in major tech players such as Apple Inc (AAPL), the firm also added positions to companies like NVIDIA Corp (NVDA) and META Platforms. The allocation for Apple remains steady at 8.71%.
The addition of shares in NVIDIA indicates continued interest despite its high valuation, while the increase in META suggests confidence in the social media giant's prospects or a strategic shift within Technology.
Sector Allocation Shifts
Beyond specific stock movements, Lederer & Associates' portfolio allocation saw changes:
- The firm increased its exposure to Financial Services, adding new positions in ETFs like SCHW and GLDM.
- SPDR Gold MiniShares (GLDM) now contributes a small allocation (0.46%) to the sector category 'Unknown', reflecting its position outside traditional stock sectors.
- The Technology sector allocation saw adjustments, including reductions in Apple and NVIDIA alongside additions elsewhere.
No purchases or sales were disclosed that significantly altered allocations within Communication Services, Consumer Cyclical (except for small changes noted), Industrials, Healthcare, Utilities, Real Estate, or Consumer Defensive sectors during this period. The 'Unknown' sector allocation also saw a minor change due to the GLDM position.
Overall Portfolio Changes
The investor's portfolio held 81 distinct positions as of June 30, 2026. The top five holdings by weight accounted for 28.59% of the total value, indicating a concentrated approach despite overall diversification.
Lederer & Associates showed strong buying momentum this quarter but no major selling activity compared to prior periods. This pattern suggests an investor focused on capital preservation and growth through selective additions rather than significant disposals at present.