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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

LEDERER & ASSOCIATES INVESTMENT COUNSEL/CA

Quarter ended Q3 2025 · Filed October 24, 2025 · Accession 0001089707-25-000006

Total Value
$154,046
Positions
85
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (85)

#IssuerTicker / CUSIPSharesValue% of Filing
1Apple IncAAPL51,861$13,2058.57%
2Microsoft CorpMSFT23,694$12,2727.97%
3NVIDIA CorpNVDA51,131$9,5406.19%
4Alphabet Inc AGOOG23,451$5,7013.70%
5Amazon.com IncAMZN23,499$5,1603.35%
6Meta PlatformsMETA6,462$4,7463.08%
7Broadcom Inc ComAVGO11,648$3,8432.49%
8Visa Inc Class AV10,490$3,5812.32%
9Automatic Data Processing IncADP11,025$3,2362.10%
10Berkshire Hathaway Inc BBRK-A6,165$3,0992.01%
11BlackRock IncBLK2,648$3,0872.00%
12JPMorgan Chase & CoVYLD9,004$2,8401.84%
13AbbVie IncABBV10,967$2,5391.65%
14Johnson & JohnsonJNJ13,284$2,4631.60%
15SPDR Gold SharesGLD6,890$2,4491.59%
16Netflix IncNFLX1,785$2,1401.39%
17Chubb LtdCB7,422$2,0951.36%
18Costco Wholesale Corp22160K1052,248$2,0811.35%
19Martin Marietta Materials Inc5732841063,273$2,0631.34%
20Stryker CorpSYK5,493$2,0311.32%
21Linde plcLIN4,101$1,9481.26%
22Schwab US Large-Cap Value ETF80852440966,748$1,9431.26%
23S&P Global IncSPGI3,961$1,9281.25%
24NextEra Energy IncNEE-PW25,351$1,9141.24%
25Amgen IncAMGN6,683$1,8861.22%
26Waste Management Inc94106L1098,427$1,8611.21%
27Union Pacific CorpUNP7,801$1,8441.20%
28Exxon Mobil CorpXOM15,505$1,7481.13%
29Uber Technologies IncUBER17,476$1,7121.11%
30Cisco Systems IncCSCO23,916$1,6361.06%
31Blackstone IncBX9,405$1,6071.04%
32Corning IncGLW18,927$1,5531.01%
33Schwab US TIPS ETF80852487057,130$1,5401.00%
34Boeing CoBA-PA6,912$1,4920.97%
35Flutter Entertainment PLCG3643J1085,719$1,4530.94%
36American Water Works Co Inc03042010310,359$1,4420.94%
37Delta Air Lines IncDAL25,018$1,4200.92%
38Schwab US Large-Cap Growth ETF80852430043,971$1,4030.91%
39Fiserv IncFISV10,848$1,3990.91%
40Medtronic PLCMDT14,397$1,3710.89%
41CME Group Inc Class ACME4,956$1,3390.87%
42CrowdStrike Holdings IncCRWD2,698$1,3230.86%
43The Home Depot IncHD2,924$1,1850.77%
44Illinois Tool Works Inc4523081094,535$1,1830.77%
45Goldman Sachs Group IncGSCE1,484$1,1820.77%
46Fair Isaac CorpFICO779$1,1660.76%
47Sysco CorpSYY13,795$1,1360.74%
48Starbucks CorpSBUX13,368$1,1310.73%
49Schwab US REIT ETF80852484751,995$1,1220.73%
50The Travelers Companies IncTRV3,355$9370.61%
51PayPal Holdings IncPYPL13,868$9300.60%
52Waters Corp9418481033,035$9100.59%
53Bristol-Myers Squibb CompanyCELG-RI19,787$8920.58%
54PepsiCo IncPEP6,247$8770.57%
55Kimberly-Clark CorpKMB7,044$8760.57%
56Salesforce IncCRM3,633$8610.56%
57Welltower Inc ComWELL4,749$8460.55%
58Honeywell International Inc4385161063,922$8260.54%
59Merck & Co IncMRK9,733$8170.53%
60Prologis IncPLDGP6,814$7800.51%
61Alphabet Inc CGOOG3,186$7760.50%
62Vertiv Holdings CoVRT5,094$7680.50%
63Corpay IncCPAY2,503$7210.47%
64Cognizant Technology SolutionsCTSH10,598$7110.46%
65American Tower Corp03027X1003,653$7030.46%
66Coca-Cola CoKO10,317$6840.44%
67Schwab US Dividend Equity ETF80852479723,912$6530.42%
68Chevron CorpCVX4,155$6450.42%
69Bank of America Corporation06050510412,000$6190.40%
70Schwab US Aggregate Bond ETF80852483923,600$5540.36%
71Schwab US Broad Market ETF80852410220,474$5260.34%
72Procter & Gamble Co7427181093,285$5050.33%
73Schwab 1 5 Year Corp Bond ETF80852471419,650$4900.32%
74Simon Property Group Inc8288061092,539$4760.31%
75Digital Realty Trust Inc2538681032,741$4740.31%
76Equinix IncEQIX560$4390.28%
77Realty Income CorpO7,163$4350.28%
78Public StoragePSA-PS1,261$3640.24%
79Schwab Int-Term US Treasury ETF80852485414,152$3560.23%
80Crown Castle International CorpCCI3,445$3320.22%
81Schwab Short-Term US Treasury ETF80852486212,910$3150.20%
82Eli Lilly and CoLLY361$2750.18%
83SPDR S&P 500 ETFSPY346$2300.15%
84Morgan StanleyMS-PQ1,275$2030.13%
85iShares Residential Real Estate Capd ETF4642885622,375$2020.13%