# Gemmer Asset Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1607825. Source: https://holderbook.com/funds/1607825-gemmer-asset-management-llc/

- Reported value: $1.5B
- Positions: 187
- Weight of the ten largest: 57.2%
- Filed: 2026-07-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $170.6M | 6,157,146 | 11.5% | 31 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $117.4M | 3,373,480 | 7.9% | 31 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $104.9M | 3,100,787 | 7.1% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $100.2M | 86,773 | 6.7% | 8 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $83.6M | 2,688,126 | 5.6% | 31 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $65.3M | 838,296 | 4.4% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $64.6M | 906,069 | 4.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $54.8M | 1,517,147 | 3.7% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $50.8M | 253,718 | 3.4% | 31 |
| SPDR INDEX SHS FDS | [EFAX](https://holderbook.com/stocks/EFAX/) | $38.6M | 713,531 | 2.6% | 16 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $32.0M | 1,104,883 | 2.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $31.8M | 863,655 | 2.1% | 31 |
| SPDR SERIES TRUST | [SPYX](https://holderbook.com/stocks/SPYX/) | $27.6M | 451,355 | 1.9% | 31 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $25.4M | 847,978 | 1.7% | 31 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $25.4M | 957,658 | 1.7% | 8 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $25.0M | 656,112 | 1.7% | 23 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $24.2M | 183,341 | 1.6% | 26 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $21.1M | 69,547 | 1.4% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $20.9M | 242,586 | 1.4% | 31 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $20.7M | 468,484 | 1.4% | 31 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $19.9M | 139,453 | 1.3% | 29 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $19.2M | 515,909 | 1.3% | 16 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $17.2M | 78,997 | 1.2% | 28 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $16.9M | 219,824 | 1.1% | 31 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $16.6M | 316,610 | 1.1% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.0M | 55,214 | 1.1% | 31 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $15.8M | 378,691 | 1.1% | 16 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $13.9M | 382,946 | 0.9% | 31 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $12.8M | 287,705 | 0.9% | 21 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $11.9M | 300,648 | 0.8% | 15 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $11.8M | 143,008 | 0.8% | 21 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $10.8M | 105,495 | 0.7% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $10.5M | 130,687 | 0.7% | 22 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $7.2M | 88,405 | 0.5% | 21 |
| TIDAL TRUST II | [CHAT](https://holderbook.com/stocks/CHAT/) | $7.0M | 70,695 | 0.5% | 10 |
| LISTED FDS TR | [METV](https://holderbook.com/stocks/METV/) | $6.8M | 12,078 | 0.5% | 17 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $6.7M | 14,076 | 0.5% | 7 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $6.0M | 107,264 | 0.4% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JAVA](https://holderbook.com/stocks/JAVA/) | $5.7M | 72,368 | 0.4% | 9 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $5.6M | 53,756 | 0.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.4M | 14,514 | 0.4% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $5.1M | 36,374 | 0.3% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.4M | 5,908 | 0.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.4M | 18,410 | 0.3% | 31 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $4.3M | 52,598 | 0.3% | 30 |
| GOPRO INC | [GPRO](https://holderbook.com/stocks/GPRO/) | $4.1M | 11,532 | 0.3% | 31 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $3.9M | 17,231 | 0.3% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.9M | 5,233 | 0.3% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $3.8M | 5,193 | 0.3% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.6M | 7,163 | 0.2% | 31 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $3.3M | 6,686 | 0.2% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $3.3M | 54,554 | 0.2% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.9M | 7,099 | 0.2% | 31 |
| ISHARES TR | [ARTY](https://holderbook.com/stocks/ARTY/) | $2.8M | 36,462 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.7M | 7,262 | 0.2% | 22 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $2.4M | 51,345 | 0.2% | 9 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $2.3M | 7,746 | 0.2% | 28 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.2M | 6,202 | 0.1% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 8,495 | 0.1% | 31 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.0M | 14,635 | 0.1% | 31 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $1.8M | 45,767 | 0.1% | 14 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $1.7M | 42,413 | 0.1% | 9 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.6M | 2,774 | 0.1% | 14 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.6M | 3,819 | 0.1% | 31 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $1.5M | 1,768 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHK](https://holderbook.com/stocks/SCHK/) | $1.5M | 41,222 | 0.1% | 6 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.5M | 2,326 | 0.1% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.4M | 1,179 | 0.1% | 16 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $1.4M | 33,592 | 0.1% | 15 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $1.3M | 6,117 | 0.1% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.3M | 4,091 | 0.1% | 31 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $1.3M | 12,906 | 0.1% | 4 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.3M | 2,986 | 0.1% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.3M | 10,768 | 0.1% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.3M | 1,342 | 0.1% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.2M | 18,268 | 0.1% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.2M | 6,695 | 0.1% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.2M | 8,209 | 0.1% | 22 |
| INVESCO DB MULTI-SECTOR COMM | [DBA](https://holderbook.com/stocks/DBA/) | $1.2M | 45,221 | 0.1% | 1 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $1.2M | 26,743 | 0.1% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.2M | 20,344 | 0.1% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.1M | 7,826 | 0.1% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.1M | 11,493 | 0.1% | 21 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.1M | 15,917 | 0.1% | 16 |
| UPSTART HLDGS INC | [UPST](https://holderbook.com/stocks/UPST/) | $1.1M | 29,707 | 0.1% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.0M | 4,328 | 0.1% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.0M | 13,160 | 0.1% | 22 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $1.0M | 10,539 | 0.1% | 2 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $985.4K | 17,547 | 0.1% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $977.4K | 2,849 | 0.1% | 31 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $968.6K | 5,896 | 0.1% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $875.2K | 7,728 | 0.1% | 31 |
| INVESCO EXCH TRADED FD TR II | [TAN](https://holderbook.com/stocks/TAN/) | $845.8K | 14,300 | 0.1% | 3 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $783.6K | 46,587 | 0.1% | 18 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $751.8K | 706 | 0.1% | 13 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $704.8K | 5,485 | 0.0% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $697.4K | 4,207 | 0.0% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $685.5K | 21,618 | 0.0% | 14 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $673.4K | 2,676 | 0.0% | 31 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $658.6K | 15,967 | 0.0% | 23 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +17.5% | +14.8% | +2.7% | 100% |
| Q1 2026 | -2.0% | -4.6% | +2.6% | 100% |
| Q4 2025 | +0.8% | +2.4% | -1.6% | 100% |
| Q3 2025 | +6.8% | +7.8% | -1.0% | 100% |
| Q2 2025 | +9.5% | +10.5% | -1.0% | 100% |
| Q1 2025 | -2.8% | -4.6% | +1.7% | 100% |
| Q4 2024 | -1.1% | +2.1% | -3.3% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.5B | 187 |
| Q1 2026 | $1.3B | 172 |
| Q4 2025 | $1.3B | 169 |
| Q3 2025 | $1.2B | 169 |
| Q2 2025 | $1.1B | 165 |
| Q1 2025 | $1.0B | 156 |
| Q4 2024 | $1.0B | 151 |
| Q3 2024 | $999.5M | 149 |
| Q2 2024 | $934.5M | 139 |
| Q1 2024 | $861.4M | 131 |
| Q4 2023 | $814.9M | 127 |
| Q3 2023 | $741.2M | 125 |