Gemmer Asset Management LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Gemmer Asset Management LLC reported 131 stock positions worth $861.4 million. Its top holding was Schwab US Large-Cap Value (SCHV) at 11.3% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 8.9%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 5.8%). Compared with Q4 2023, it opened 11 new positions, sold out of 7, added to 65 and reduced 37. The biggest buy was Schwab US Large-Cap Value (SCHV, shares +2%) and the biggest sale an exit from Invesco Solar ETF (TAN).

Most Recent 13F
Q2 2026
Location
WALNUT CREEK, CA
CIK
0001607825
Portfolio Value
$861.4M (Q1 2024)
SEC Filing
0001420506-24-000637 ↗ filed Apr 24, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $861.4M $861.4M Q1 2024 Q2 2024: $934.5M Q2 2024 Q3 2024: $999.5M Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 131 stocks · $861.4M
SCHV Schwab US Large-Cap Value 11.34% 1,286,125 $97.7M Add +1.5%
SCHF Schwab Intl Equity ETF 8.87% 1,958,766 $76.4M Reduce -10.4%
FNDX Schwab Fndmntl US LRG Co. ETF 5.77% 736,946 $49.7M Add +1.3%
BSV Vanguard Short-Term Bond ETF 5.74% 644,970 $49.4M Add +7.3%
SCHG Schwab US Large-Cap Growth 5.07% 471,156 $43.7M Reduce -3.2%
VEA Vanguard Ftse Developed ETF 4.54% 778,827 $39.1M Reduce -11.7%
SCHM Schwab US Mid Cap ETF 4.40% 465,248 $37.9M Reduce -0.3%
SCHA Schwab US Small-Cap ETF 3.82% 669,044 $32.9M Reduce -5.5%
SPSB SS SPDR P St C Corp. ETF 2.99% 864,579 $25.7M Add +0.1%
EVI Evi Industries Inc. 2.96% 1,022,495 $25.5M No change
SCHB Schwab US Broad Market ETF 2.72% 383,697 $23.4M Add +0.0%
NVDA Nvidia Corp. 2.46% 23,413 $21.2M Reduce -0.5%
ABM Abm Industries Inc. 2.44% 471,034 $21.0M No change
NOW ServiceNow Inc. 1.94% 21,922 $16.7M Add +16.2%
VB Vanguard Most SM-Cap ETF-Usd 1.89% 71,244 $16.3M Add +1.6%
FNDA Schwab Fndmntl US SM Co. ETF 1.75% 264,819 $15.1M Reduce -3.4%
SPYX SS SPDR S&P 500 Foss FL ETF 1.58% 318,522 $13.6M Add +26.3%
VTV Vanguard Mrngstr Val ETF-Aui 1.55% 82,018 $13.4M Add +1.6%
EFAX State Street SPDR MSCI Eafe 1.46% 301,609 $12.5M Add +8.6%
VUG Vanguard Mrngstar GR ETF-Sui 1.40% 34,992 $12.0M Add +0.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.39% 47,818 $11.9M Reduce -1.0%
DFIC Dimensional International Co. 1.35% 433,506 $11.6M Reduce -6.1%
DSI iShares ESG MSCI KLD 400 ETF 1.29% 109,925 $11.1M Add +4.2%
SBUX Starbucks Corp. 1.19% 112,248 $10.3M Add +0.2%
ESGV Vanguard ESG US Stock ETF 1.12% 103,520 $9.6M Add +11.9%
BIV Vanguard Intermediate-Term B 1.05% 120,300 $9.1M Add +0.1%
DFAS Dimensional US Small Cap ETF 1.00% 138,616 $8.6M Reduce -2.4%
SHY iShares 1-3 Year Treasury Bo 0.97% 101,748 $8.3M Add +6.2%
IGV iShares Expanded Tech-Softwa 0.95% 95,931 $8.2M Reduce -1.5%
SNOW Snowflake Inc. 0.88% 46,805 $7.6M Add +31.0%
AAPL Apple Inc. 0.87% 43,949 $7.5M Add +2.0%
ADBE Adobe Inc. 0.82% 13,947 $7.0M Add +0.2%
DUHP Dimensional US High Profi Et 0.79% 215,072 $6.8M Add +36.5%
AGG iShares Core U.S. Aggregate 0.72% 63,462 $6.2M Add +1.8%
MSFT Microsoft Corp. 0.66% 13,573 $5.7M Add +0.2%
DFUS Dimensional US Eq MKT ETF 0.58% 87,693 $5.0M Reduce -1.6%
DFLV Dim US Large Cap Value ETF 0.57% 163,950 $4.9M Add +5.0%
SCHE Schwab Emrg Mrkts Eqty ETF 0.55% 188,468 $4.8M Reduce -4.9%
DFAC Dimensional US Core Equity 2 0.51% 137,575 $4.4M Add +8.7%
EFA iShares MSCI Eafe ETF 0.45% 49,035 $3.9M Reduce -6.9%
IVV iShares Core S&P 500 ETF 0.45% 7,294 $3.8M Add +1.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.42% 6,974 $3.6M Reduce -26.9%
AMZN Amazon.com Inc. 0.34% 16,266 $2.9M Reduce -3.3%
IGSB iShares 1-5Y Inv Grade Corp. 0.31% 52,473 $2.7M Add +4.3%
METV Roundhill Ball Metaverse ETF 0.28% 5,016 $2.4M Add +55.3%
VWO Vanguard Ftse Emerging Marke 0.26% 53,767 $2.2M Add +24.3%
IWB iShares Russell 1000 ETF 0.24% 7,079 $2.0M Reduce -1.7%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 4,637 $1.9M Reduce -0.3%
GPRO Gopro Inc. Class A 0.21% 11,887 $1.8M Add +2.4%
LHX L3HARRIS Technologies Inc. 0.19% 7,643 $1.6M No change
IVE iShares S&P 500 Value ETF 0.17% 7,857 $1.5M Add +1.8%
V Visa Inc. Class A 0.13% 4,117 $1.1M Add +0.1%
VTI VG Morningstar TS MKT ETF-US 0.13% 4,419 $1.1M Add +0.5%
VOOV Vanguard S&P 500 Value ETF 0.13% 6,015 $1.1M New
HD Home Depot Inc. 0.12% 2,696 $1.0M Add +4.0%
BND Vanguard Total Bond Market 0.12% 13,869 $1.0M New
TSLA Tesla Inc. 0.11% 5,618 $988K Reduce -3.2%
SCHW Schwab (charles) Corp. 0.11% 13,501 $977K Add +6.6%
JNJ Johnson & Johnson 0.11% 6,106 $966K Add +0.0%
ETN Eaton Corp. PLC 0.11% 3,052 $954K Add +5.0%
NOBL Proshares S&P 500 Dividend A 0.10% 8,631 $875K Add +42.2%
CHAT Roundhill Gen AI & Tech ETF 0.10% 24,443 $870K New
ORCL Oracle Corp. 0.10% 6,529 $820K Add +0.1%
NFLX Netflix Inc. 0.09% 1,346 $817K Add +3.2%
IVW iShares S&P 500 Growth ETF 0.09% 9,576 $809K Reduce -0.1%
LLY Eli Lilly & Co. 0.09% 1,024 $797K No change
IJH iShares Core S&P Midcap ETF 0.09% 12,789 $777K Add +1.3%
INTC Intel Corp. 0.09% 16,626 $734K Add +0.0%
COST Costco Wholesale Corp. 0.08% 883 $647K Add +10.9%
VIG Vanguard Dividend Apprec ETF 0.07% 3,481 $636K Reduce -0.8%
CVX Chevron Corp. 0.07% 4,029 $636K Reduce -19.7%
SCHD Schwab US DVD Equity ETF 0.07% 7,830 $631K Add +69.1%
CRAK Vaneck Oil Refiners ETF 0.07% 16,264 $624K New
JPM JPMorgan Chase & Co. 0.07% 3,087 $618K Add +0.0%
ITOT iShares Core S&P Total U.S. 0.07% 4,878 $562K No change
IJR iShares Core S&P Small-Cap E 0.07% 5,070 $560K Reduce -15.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 4,529 $554K Add +5.8%
ESGD iShares Trust iShares ESG Aw 0.06% 6,464 $517K Add +2.3%
MA Mastercard Inc. Class A 0.06% 1,051 $506K Add +7.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 13,052 $495K Reduce -7.2%
DFEM Dimensional Emrg MRKT Core 0.06% 19,363 $494K Add +9.5%
CRM Salesforce Inc. 0.06% 1,619 $488K Reduce -2.5%
ABBV Abbvie Inc. 0.06% 2,615 $476K Reduce -2.6%
MRK Merck & Co. Inc. 0.05% 3,567 $471K Add +14.6%
WDAY Workday Inc. Class A 0.05% 1,707 $466K No change
PCG P G & E Corp. 0.05% 27,434 $460K Add +4.4%
CSCO Cisco Systems Inc. 0.05% 9,169 $458K Add +10.4%
VONV Vanguard Russell 1000 Value 0.05% 5,274 $415K No change
QCOM Qualcomm Inc. 0.05% 2,430 $411K Add +0.0%
PG The Procter & Gamble Co. 0.05% 2,534 $411K Reduce -1.0%
DFIV Dimensional International Va 0.05% 11,027 $405K Reduce -3.1%
UNH Unitedhealth Group Inc. 0.05% 796 $394K Add +15.0%
IBIT iShares Bitcoin Trust ETF 0.05% 9,631 $390K New
WMT Walmart Inc. 0.04% 6,373 $383K Add +0.1%
AMD Advanced Micro Devices 0.04% 2,075 $375K Reduce -6.5%
VOOG Vanguard S&P 500 Growth ETF 0.04% 1,206 $368K New
DFSV Dimensional US Small Cap Val 0.04% 12,036 $362K Add +0.2%
ABT Abbott Laboratories 0.04% 3,132 $356K Add +13.4%
DIHP Dimensional International Hi 0.04% 12,594 $339K Reduce -11.9%
PEP Pepsico Inc. 0.04% 1,900 $333K Add +8.7%
ABNB Airbnb Inc. Class A 0.04% 1,882 $310K No change
CAT Caterpillar Inc. 0.04% 840 $308K No change
TMO Thermo Fisher Scientific Inc. 0.04% 524 $305K Add +22.7%
JPST JPMorgan Ultra-Short Income 0.04% 6,000 $303K No change
IWF iShares Russell 1000 Growth 0.04% 896 $302K No change
MCD McDonald's Corp. 0.03% 1,029 $290K No change
CVLC Calvert US L-C CR Resp Index 0.03% 4,399 $289K Add +0.3%
VHT Vanguard Health Care ETF 0.03% 1,056 $286K Add +0.3%
INTU Intuit Inc. 0.03% 432 $281K Reduce -6.7%
IWM iShares Russell 2000 ETF 0.03% 1,332 $280K Reduce -4.5%
ITCI Intra-Cellular Therapies Inc. 0.03% 4,000 $277K Reduce -33.3%
BMY Bristol-Myers Squibb Co. 0.03% 5,082 $276K Add +0.1%
DFAI Dimensional International Co. 0.03% 9,112 $275K Add +0.0%
HRL Hormel Foods Corp. 0.03% 7,623 $266K Add +1.2%
COP Conocophillips 0.03% 1,998 $254K Add +0.5%
TGT Target Corp. 0.03% 1,408 $250K New
WY Weyerhaeuser Co. 0.03% 6,936 $249K No change
IEFA iShares Core MSCI Eafe ETF 0.03% 3,346 $248K No change
KO The Coca-Cola Co. 0.03% 3,918 $240K No change
UPST Upstart Holdings Inc. 0.03% 8,792 $236K Add +8.2%
AMGN Amgen Inc. 0.03% 823 $234K Reduce -4.9%
LMT Lockheed Martin Corp. 0.03% 508 $231K No change
ELV Elevance Health Inc. 0.03% 442 $229K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 1,150 $220K New
VOE Vngrd Mrngstr MD-Cap Val ETF 0.03% 1,393 $217K New
SCZ iShares MSCI Eafe Small-Cap 0.03% 3,402 $215K Reduce -9.6%
ARTY iShares Future AI & Tech ETF 0.02% 6,221 $214K New
VBK Van Morst SML-Cap Gro-Usd Inc. 0.02% 783 $204K New
DFAX Dimensional World Ex US Core 0.02% 7,970 $203K Reduce -31.9%
DFCF Dimensional Core Fixed Inc. 0.02% 4,793 $201K Reduce -15.4%
ANIX Anixa Biosciences Inc. 0.01% 35,000 $109K No change

Portfolio Sells Q4 2023 → Q1 2024
TAN Invesco Solar ETF Sold out 0.00% −1.12
SCHF Schwab Intl Equity ETF Reduce -10.4% 8.87% −1.04
VEA Vanguard Ftse Developed ETF Reduce -11.7% 4.54% −0.65
SCHA Schwab US Small-Cap ETF Reduce -5.5% 3.82% −0.28
SPY SS SPDR S&P 500 ETF Trust-US Reduce -26.9% 0.42% −0.13
FNDA Schwab Fndmntl US SM Co. ETF Reduce -3.4% 1.75% −0.11
DFIC Dimensional International Co. Reduce -6.1% 1.35% −0.10
TSLA Tesla Inc. Reduce -3.2% 0.11% −0.06
EMQQ Emg MKT Internet ETF-USA Inc. Sold out 0.00% −0.05
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -4.9% 0.55% −0.05
KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.05
DFAS Dimensional US Small Cap ETF Reduce -2.4% 1.00% −0.04
SCHC Schwab Intl Small-Cap Equity Sold out 0.00% −0.04
EFA iShares MSCI Eafe ETF Reduce -6.9% 0.45% −0.03
BA The Boeing Co. Sold out 0.00% −0.03
PFE Pfizer Inc. Sold out 0.00% −0.03
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.03
ITCI Intra-Cellular Therapies Inc. Reduce -33.3% 0.03% −0.02
IGV iShares Expanded Tech-Softwa Reduce -1.5% 0.95% −0.02
CVX Chevron Corp. Reduce -19.7% 0.07% −0.02
IJR iShares Core S&P Small-Cap E Reduce -15.8% 0.07% −0.01
DFAX Dimensional World Ex US Core Reduce -31.9% 0.02% −0.01
DFCF Dimensional Core Fixed Inc. Reduce -15.4% 0.02% −0.01
DIHP Dimensional International Hi Reduce -11.9% 0.04% −0.01
SCZ iShares MSCI Eafe Small-Cap Reduce -9.6% 0.03% −0.00
AMGN Amgen Inc. Reduce -4.9% 0.03% −0.00
INTU Intuit Inc. Reduce -6.7% 0.03% −0.00
IWM iShares Russell 2000 ETF Reduce -4.5% 0.03% −0.00
DFIV Dimensional International Va Reduce -3.1% 0.05% −0.00
BAC Bank of America Corp. Reduce -7.2% 0.06% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -0.8% 0.07% +0.00
PG The Procter & Gamble Co. Reduce -1.0% 0.05% +0.00
CRM Salesforce Inc. Reduce -2.5% 0.06% +0.00
AMD Advanced Micro Devices Reduce -6.5% 0.04% +0.00
ABBV Abbvie Inc. Reduce -2.6% 0.06% +0.00
IWB iShares Russell 1000 ETF Reduce -1.7% 0.24% +0.00
IVW iShares S&P 500 Growth ETF Reduce -0.1% 0.09% +0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.0% 1.39% +0.01
DFUS Dimensional US Eq MKT ETF Reduce -1.6% 0.58% +0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 0.23% +0.02
AMZN Amazon.com Inc. Reduce -3.3% 0.34% +0.03
SCHM Schwab US Mid Cap ETF Reduce -0.3% 4.40% +0.09
SCHG Schwab US Large-Cap Growth Reduce -3.2% 5.07% +0.11
NVDA Nvidia Corp. Reduce -0.5% 2.46% +1.03

Portfolio Buys Q4 2023 → Q1 2024
SCHV Schwab US Large-Cap Value Add +1.5% 11.34% +0.45
SPYX SS SPDR S&P 500 Foss FL ETF Add +26.3% 1.58% +0.38
NOW ServiceNow Inc. Add +16.2% 1.94% +0.30
DUHP Dimensional US High Profi Et Add +36.5% 0.79% +0.24
FNDX Schwab Fndmntl US LRG Co. ETF Add +1.3% 5.77% +0.24
ESGV Vanguard ESG US Stock ETF Add +11.9% 1.12% +0.15
METV Roundhill Ball Metaverse ETF Add +55.3% 0.28% +0.14
EFAX State Street SPDR MSCI Eafe Add +8.6% 1.46% +0.13
VOOV Vanguard S&P 500 Value ETF New 0.13% +0.13
BND Vanguard Total Bond Market New 0.12% +0.12
DSI iShares ESG MSCI KLD 400 ETF Add +4.2% 1.29% +0.11
CHAT Roundhill Gen AI & Tech ETF New 0.10% +0.10
SCHB Schwab US Broad Market ETF Add +0.0% 2.72% +0.10
CRAK Vaneck Oil Refiners ETF New 0.07% +0.07
VTV Vanguard Mrngstr Val ETF-Aui Add +1.6% 1.55% +0.07
VUG Vanguard Mrngstar GR ETF-Sui Add +0.4% 1.40% +0.07
BSV Vanguard Short-Term Bond ETF Add +7.3% 5.74% +0.06
DFAC Dimensional US Core Equity 2 Add +8.7% 0.51% +0.06
VB Vanguard Most SM-Cap ETF-Usd Add +1.6% 1.89% +0.05
DFLV Dim US Large Cap Value ETF Add +5.0% 0.57% +0.05
IBIT iShares Bitcoin Trust ETF New 0.05% +0.05
VOOG Vanguard S&P 500 Growth ETF New 0.04% +0.04
VWO Vanguard Ftse Emerging Marke Add +24.3% 0.26% +0.04
MSFT Microsoft Corp. Add +0.2% 0.66% +0.04
NOBL Proshares S&P 500 Dividend A Add +42.2% 0.10% +0.03
SCHD Schwab US DVD Equity ETF Add +69.1% 0.07% +0.03
TGT Target Corp. New 0.03% +0.03
IBM Intl Business Machines Corp. New 0.03% +0.03
VOE Vngrd Mrngstr MD-Cap Val ETF New 0.03% +0.03
ETN Eaton Corp. PLC Add +5.0% 0.11% +0.02
ARTY iShares Future AI & Tech ETF New 0.02% +0.02
IVV iShares Core S&P 500 ETF Add +1.5% 0.45% +0.02
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.02% +0.02
NFLX Netflix Inc. Add +3.2% 0.09% +0.02
DIS The Walt Disney Co. Add +5.8% 0.06% +0.02
MRK Merck & Co. Inc. Add +14.6% 0.05% +0.01
ORCL Oracle Corp. Add +0.1% 0.10% +0.01
COST Costco Wholesale Corp. Add +10.9% 0.08% +0.01
HD Home Depot Inc. Add +4.0% 0.12% +0.01
GPRO Gopro Inc. Class A Add +2.4% 0.21% +0.01
MA Mastercard Inc. Class A Add +7.3% 0.06% +0.01
TMO Thermo Fisher Scientific Inc. Add +22.7% 0.04% +0.01
JPM JPMorgan Chase & Co. Add +0.0% 0.07% +0.01
SCHW Schwab (charles) Corp. Add +6.6% 0.11% +0.01
IVE iShares S&P 500 Value ETF Add +1.8% 0.17% +0.01
SNOW Snowflake Inc. Add +31.0% 0.88% +0.01
VTI VG Morningstar TS MKT ETF-US Add +0.5% 0.13% +0.01
QCOM Qualcomm Inc. Add +0.0% 0.05% +0.00
IJH iShares Core S&P Midcap ETF Add +1.3% 0.09% +0.00
ABT Abbott Laboratories Add +13.4% 0.04% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 187$1.5BSCHF, SCHV, SCHG, MU, FNDX
Q1 2026 172$1.3BSCHF, SCHV, SCHG, FNDX, BSV
Q4 2025 169$1.3BSCHF, SCHV, SCHG, FNDX, BSV
Q3 2025 169$1.2BSCHF, SCHV, FNDX, SCHG, BSV
Q2 2025 165$1.1BSCHV, SCHF, FNDX, SCHG, BSV
Q1 2025 156$1.0BSCHV, SCHF, FNDX, BSV, SCHG
Q4 2024 151$1.0BSCHV, SCHF, FNDX, SCHG, BSV
Q3 2024 149$999.5MSCHV, SCHF, FNDX, SCHG, BSV
Q2 2024 139$934.5MSCHV, SCHF, NVDA, BSV, FNDX
Q1 2024 131$861.4MSCHV, SCHF, FNDX, BSV, SCHG