GEM Asset Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), GEM Asset Management, LLC reported 103 stock positions worth $210.9 million. Its top holding was Sysco (SYY) at 15.9% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 7.5%) and Dimensional US Eq MKT ETF (DFUS, 7.1%). Compared with Q2 2025, it opened 8 new positions, sold out of 6, added to 45 and reduced 27. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +71%) and the biggest sale Sysco (SYY, shares −2%).

Most Recent 13F
Q2 2026
Location
Plymouth, MI
CIK
0001963319
Portfolio Value
$210.9M (Q3 2025)
SEC Filing
0000905729-25-000175 ↗ filed Oct 30, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $148.7M Q1 2024 Q2 2024: $160.6M Q2 2024 Q3 2024: $174.9M Q3 2024 Q4 2024: $179.4M Q4 2024 Q1 2025: $178.6M Q1 2025 Q2 2025: $195.3M Q2 2025 Q3 2025: $210.9M $210.9M Q3 2025 Q4 2025: $224.4M Q4 2025 Q1 2026: $226.6M Q1 2026 Q2 2026: $253.9M Q2 2026

Holdings 103 stocks · $210.9M
SYY Sysco Corp. 15.90% 419,441 $33.5M Reduce -2.4%
SPY SS SPDR S&P 500 ETF Trust-US 7.50% 23,623 $15.8M Reduce -3.9%
DFUS Dimensional US Eq MKT ETF 7.06% 204,728 $14.9M Reduce -0.7%
DFAI Dimensional International Co. 4.96% 285,192 $10.5M Add +6.3%
DFAS Dimensional US Small Cap ETF 3.88% 119,901 $8.2M Add +1.4%
DFAU Dimensional US Core Equity M 3.00% 137,844 $6.3M Add +0.9%
DFAE Dimensional Emerging Core Eq 2.94% 194,352 $6.2M Add +3.9%
VONG Vanguard Russell 1000 Growth 2.78% 48,431 $5.9M Add +2.8%
MSFT Microsoft Corp. 2.77% 11,130 $5.8M Reduce -3.8%
DFAC Dimensional US Core Equity 2 2.66% 145,043 $5.6M Add +1.1%
DFUV Dimensional US Marketwide Va 2.62% 123,085 $5.5M Add +0.2%
SMLF iShares US Smallcap Equity F 2.44% 69,360 $5.2M Add +0.6%
DFAX Dimensional World Ex US Core 2.24% 149,510 $4.7M Reduce -0.5%
DUHP Dimensional US High Profi Et 2.01% 112,024 $4.2M Add +9.3%
AAPL Apple Inc. 1.93% 15,860 $4.1M Reduce -0.4%
DFLV Dim US Large Cap Value ETF 1.87% 119,294 $3.9M Add +2.1%
TAXF American Century Diver Muni 1.57% 66,302 $3.3M Add +1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.56% 11,175 $3.3M Reduce -0.4%
DFNM Dimensional National Muni BD 1.53% 67,259 $3.2M Add +0.3%
RSP Invesco S&P 500 Equal Weight 1.38% 15,305 $2.9M Reduce -11.7%
IJH iShares Core S&P Midcap ETF 1.28% 41,394 $2.7M Add +1.0%
IWM iShares Russell 2000 ETF 1.27% 10,970 $2.7M Add +9.1%
DFIC Dimensional International Co. 1.17% 74,723 $2.5M Add +4.8%
EFA iShares MSCI Eafe ETF 1.12% 24,974 $2.4M No change
VOO Vanguard S&P 500 ETF 1.01% 3,475 $2.1M Add +70.7%
IVV iShares Core S&P 500 ETF 0.94% 2,943 $2.0M No change
AMZN Amazon.com Inc. 0.87% 8,240 $1.8M Reduce -3.0%
GOOGL Alphabet Inc. Class A 0.78% 6,683 $1.6M Reduce -0.6%
AVUV Avantis US Small Cap Value 0.78% 16,462 $1.6M Add +3.3%
MDY State Street SPDR S&P Midcap 0.74% 2,622 $1.6M No change
SCZ iShares MSCI Eafe Small-Cap 0.64% 17,671 $1.4M No change
SPSB SS SPDR P St C Corp. ETF 0.60% 41,759 $1.3M Add +46.0%
AVLV Avantis US Large Cap Value 0.60% 17,385 $1.3M Add +21.9%
V Visa Inc. Class A 0.57% 3,420 $1.2M No change
NVDA Nvidia Corp. 0.54% 6,143 $1.1M Reduce -0.7%
ABBV Abbvie Inc. 0.51% 4,659 $1.1M Add +0.1%
ORCL Oracle Corp. 0.50% 3,719 $1.1M Reduce -2.6%
IWF iShares Russell 1000 Growth 0.48% 2,167 $1.0M No change
DFSV Dimensional US Small Cap Val 0.47% 30,799 $984K Add +4.7%
AVDE Avantis International Equity 0.44% 11,652 $925K Reduce -0.4%
VB Vanguard Most SM-Cap ETF-Usd 0.37% 3,056 $781K Add +0.6%
PSN Parsons Corp. 0.35% 8,500 $746K No change
HACK Amplify Cybersecurity ETF 0.34% 8,366 $727K No change
LLY Eli Lilly & Co. 0.34% 848 $716K Reduce -0.7%
DFCF Dimensional Core Fixed Inc. 0.33% 16,184 $694K Add +16.5%
DFEM Dimensional Emrg MRKT Core 0.30% 19,482 $631K Add +0.6%
VTWO Vanguard Russell 2000 ETF 0.29% 6,253 $617K Add +7.0%
BRK.B Berkshire Hathaway Inc. Class B 0.29% 1,211 $608K Add +0.5%
JPST JPMorgan Ultra-Short Income 0.28% 11,567 $586K Add +43.7%
XLF SS Financial Select Sector 0.27% 10,623 $571K Reduce -15.6%
JNJ Johnson & Johnson 0.27% 2,960 $559K Add +0.1%
USMV iShares MSCI USA Min Vol Fac 0.26% 5,866 $559K No change
FTNT Fortinet Inc. 0.26% 6,495 $552K No change
MUB iShares National Muni Bond E 0.26% 5,136 $547K Add +0.8%
DTE DTE Energy Company 0.26% 3,777 $538K No change
TIDAL TRUST II 0.25% 75,000 $526K New
AEE Ameren Corporation 0.25% 4,987 $522K Add +0.2%
VEA Vanguard Ftse Developed ETF 0.25% 8,559 $519K Reduce -6.5%
HBAN Huntington Bancshares Inc. 0.24% 30,374 $509K No change
CSCO Cisco Systems Inc. 0.24% 7,326 $505K Add +0.2%
XLE SS Energy Select Sector 0.24% 5,602 $501K Add +0.8%
ABT Abbott Laboratories 0.23% 3,700 $492K Reduce -4.2%
AVGE Avantis All Eqty Mrkts ETF 0.23% 5,854 $489K Add +1.1%
SCHX Schwab US Large-Cap ETF 0.23% 18,201 $482K Add +1.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.23% 994 $479K Add +0.1%
GLD SPDR Gold Shares 0.22% 1,245 $456K No change
MCD McDonald's Corp. 0.21% 1,516 $449K Reduce -3.9%
PEP Pepsico Inc. 0.20% 3,043 $428K Add +0.1%
SO The Southern Co. 0.20% 4,290 $414K No change
VLUE iShares MSCI USA Value Facto 0.19% 3,185 $402K No change
MRSH Marsh & McLennan Cos 0.19% 1,938 $395K New
XOM Exxon Mobil Corp. 0.18% 3,245 $371K Add +0.0%
DFAW Dimensional World Eqty ETF 0.17% 5,017 $361K Add +4.7%
VTI VG Morningstar TS MKT ETF-US 0.16% 1,040 $343K Add +0.5%
DIHP Dimensional International Hi 0.16% 11,041 $340K Reduce -1.1%
CAT Caterpillar Inc. 0.16% 678 $330K Reduce -21.0%
AVSC Avantis US Small Cap Equity 0.15% 5,670 $324K Add +0.2%
TSLA Tesla Inc. 0.15% 747 $324K No change
GGG Graco Inc. 0.15% 3,818 $319K Reduce -4.2%
DCOR Dimensional US Core Eq 1 ETF 0.15% 4,329 $312K Reduce -3.0%
QQQ Invesco QQQ Trust Series 1 0.15% 509 $308K Add +4.3%
JPM JPMorgan Chase & Co. 0.14% 970 $298K No change
WELD Tema U.S. Manufacturing & Re 0.14% 6,800 $293K No change
AMGN Amgen Inc. 0.14% 980 $290K Reduce -6.8%
SPAB SS SPDR P Agg Bond ETF 0.13% 10,347 $267K Add +1.0%
IWB iShares Russell 1000 ETF 0.12% 716 $263K No change
IGM iShares Expanded Tech Sector 0.12% 2,016 $257K No change
IGEB iShares Investment Grade SYS 0.12% 5,574 $256K New
XLK SS Technology Select Sector 0.12% 873 $249K No change
VCIT Vanguard Int-Term Corporate 0.12% 2,960 $249K New
AVGO Broadcom Inc. 0.12% 734 $247K Reduce -19.7%
NDSN Nordson Corp. 0.11% 1,035 $239K Add +0.2%
META Meta Platforms Inc. Class A 0.11% 330 $235K Reduce -9.6%
RKLB Rocket Lab Corp. 0.10% 3,600 $221K Reduce -34.5%
AVUS Avantis U.S. Equity ETF 0.10% 2,024 $220K Add +0.1%
BKNG Booking Holdings Inc. 0.10% 42 $220K No change
DFIV Dimensional International Va 0.10% 4,755 $220K New
HON Honeywell International Inc. 0.10% 1,028 $215K New
AOS Smith (a.o.) Corp. 0.10% 2,953 $211K Reduce -3.3%
IEMG iShares Core MSCI Emerging 0.10% 3,121 $208K New
DTM DT Midstream Inc. 0.10% 1,810 $206K New
BIL SS SPDR BB 1-3M T-Bill ETF 0.10% 2,250 $206K No change
DNP DNP Select Income Fund Inc. 0.05% 11,082 $111K Add +0.7%

Portfolio Sells Q2 2025 → Q3 2025
SYY Sysco Corp. Reduce -2.4% 15.90% −0.98
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.9% 7.50% −0.32
RSP Invesco S&P 500 Equal Weight Reduce -11.7% 1.38% −0.25
MSFT Microsoft Corp. Reduce -3.8% 2.77% −0.19
VTV Vanguard Mrngstr Val ETF-Aui Sold out 0.00% −0.15
DFAT Dimensional US Target Value Sold out 0.00% −0.13
INVESTMENT MANAGERS SER TR I Sold out 0.00% −0.11
AMZN Amazon.com Inc. Reduce -3.0% 0.87% −0.11
F Ford Motor Co. Sold out 0.00% −0.09
XLF SS Financial Select Sector Reduce -15.6% 0.27% −0.07
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.4% 1.56% −0.07
DFUS Dimensional US Eq MKT ETF Reduce -0.7% 7.06% −0.06
ABCL Abcellera Biologics Inc. Sold out 0.00% −0.04
ABT Abbott Laboratories Reduce -4.2% 0.23% −0.03
GGG Graco Inc. Reduce -4.2% 0.15% −0.03
MESA AIR GROUP INC Sold out 0.00% −0.02
MCD McDonald's Corp. Reduce -3.9% 0.21% −0.02
META Meta Platforms Inc. Class A Reduce -9.6% 0.11% −0.02
AMGN Amgen Inc. Reduce -6.8% 0.14% −0.02
VEA Vanguard Ftse Developed ETF Reduce -6.5% 0.25% −0.02
CAT Caterpillar Inc. Reduce -21.0% 0.16% −0.02
DFAX Dimensional World Ex US Core Reduce -0.5% 2.24% −0.01
AVGO Broadcom Inc. Reduce -19.7% 0.12% −0.01
AOS Smith (a.o.) Corp. Reduce -3.3% 0.10% −0.01
DCOR Dimensional US Core Eq 1 ETF Reduce -3.0% 0.15% −0.01
DIHP Dimensional International Hi Reduce -1.1% 0.16% −0.01
RKLB Rocket Lab Corp. Reduce -34.5% 0.10% −0.00
AVDE Avantis International Equity Reduce -0.4% 0.44% −0.00
LLY Eli Lilly & Co. Reduce -0.7% 0.34% +0.00
NVDA Nvidia Corp. Reduce -0.7% 0.54% +0.04
ORCL Oracle Corp. Reduce -2.6% 0.50% +0.05
GOOGL Alphabet Inc. Class A Reduce -0.6% 0.78% +0.17
AAPL Apple Inc. Reduce -0.4% 1.93% +0.22

Portfolio Buys Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Add +70.7% 1.01% +0.42
TIDAL TRUST II New 0.25% +0.25
DFAI Dimensional International Co. Add +6.3% 4.96% +0.24
MRSH Marsh & McLennan Cos New 0.19% +0.19
DFAE Dimensional Emerging Core Eq Add +3.9% 2.94% +0.18
SPSB SS SPDR P St C Corp. ETF Add +46.0% 0.60% +0.16
IWM iShares Russell 2000 ETF Add +9.1% 1.27% +0.14
VONG Vanguard Russell 1000 Growth Add +2.8% 2.78% +0.14
DUHP Dimensional US High Profi Et Add +9.3% 2.01% +0.13
IGEB iShares Investment Grade SYS New 0.12% +0.12
VCIT Vanguard Int-Term Corporate New 0.12% +0.12
DFIV Dimensional International Va New 0.10% +0.10
HON Honeywell International Inc. New 0.10% +0.10
IEMG iShares Core MSCI Emerging New 0.10% +0.10
DTM DT Midstream Inc. New 0.10% +0.10
AVLV Avantis US Large Cap Value Add +21.9% 0.60% +0.09
JPST JPMorgan Ultra-Short Income Add +43.7% 0.28% +0.07
ABBV Abbvie Inc. Add +0.1% 0.51% +0.07
DFIC Dimensional International Co. Add +4.8% 1.17% +0.04
DFCF Dimensional Core Fixed Inc. Add +16.5% 0.33% +0.03
JNJ Johnson & Johnson Add +0.1% 0.27% +0.03
VTWO Vanguard Russell 2000 ETF Add +7.0% 0.29% +0.03
DFAU Dimensional US Core Equity M Add +0.9% 3.00% +0.02
AVUV Avantis US Small Cap Value Add +3.3% 0.78% +0.01
DFSV Dimensional US Small Cap Val Add +4.7% 0.47% +0.01
QQQ Invesco QQQ Trust Series 1 Add +4.3% 0.15% +0.01
DFEM Dimensional Emrg MRKT Core Add +0.6% 0.30% +0.01
DFAW Dimensional World Eqty ETF Add +4.7% 0.17% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +0.1% 0.23% +0.00
SMLF iShares US Smallcap Equity F Add +0.6% 2.44% +0.00
AEE Ameren Corporation Add +0.2% 0.25% +0.00
SCHX Schwab US Large-Cap ETF Add +1.3% 0.23% +0.00
AVGE Avantis All Eqty Mrkts ETF Add +1.1% 0.23% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.5% 0.16% +0.00
AVSC Avantis US Small Cap Equity Add +0.2% 0.15% −0.00
AVUS Avantis U.S. Equity ETF Add +0.1% 0.10% −0.00
DFAC Dimensional US Core Equity 2 Add +1.1% 2.66% −0.00
NDSN Nordson Corp. Add +0.2% 0.11% −0.00
DNP DNP Select Income Fund Inc. Add +0.7% 0.05% −0.00
VB Vanguard Most SM-Cap ETF-Usd Add +0.6% 0.37% −0.00
PEP Pepsico Inc. Add +0.1% 0.20% −0.01
SPAB SS SPDR P Agg Bond ETF Add +1.0% 0.13% −0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.5% 0.29% −0.01
XLE SS Energy Select Sector Add +0.8% 0.24% −0.01
XOM Exxon Mobil Corp. Add +0.0% 0.18% −0.01
DFLV Dim US Large Cap Value ETF Add +2.1% 1.87% −0.01
MUB iShares National Muni Bond E Add +0.8% 0.26% −0.01
CSCO Cisco Systems Inc. Add +0.2% 0.24% −0.02
IJH iShares Core S&P Midcap ETF Add +1.0% 1.28% −0.05
DFAS Dimensional US Small Cap ETF Add +1.4% 3.88% −0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 116$253.9MSYY, DFUS, DFAI, SPY, DFAS
Q1 2026 107$226.6MSYY, DFUS, SPY, DFAI, DFAS
Q4 2025 107$224.4MSYY, SPY, DFUS, DFAI, DFAS
Q3 2025 103$210.9MSYY, SPY, DFUS, DFAI, DFAS
Q2 2025 101$195.3MSYY, SPY, DFUS, DFAI, DFAS
Q1 2025 95$178.6MSYY, SPY, DFUS, DFAI, DFAS
Q4 2024 91$179.4MSYY, SPY, DFUS, DFAI, DFAS
Q3 2024 91$174.9MSYY, SPY, DFUS, DFAI, DFAS
Q2 2024 89$160.6MSYY, SPY, DFUS, DFAI, DFAS
Q1 2024 85$148.7MSYY, SPY, DFUS, DFAI, DFAS