Gemmer Asset Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), Gemmer Asset Management LLC reported 149 stock positions worth $999.5 million. Its top holding was Schwab US Large-Cap Value (SCHV) at 11.0% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 8.5%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 5.7%). Compared with Q2 2024, it opened 13 new positions, sold out of 3, added to 71 and reduced 44. The biggest buy was a new position in PIMCO Multisector Bond Actv (PYLD) and the biggest sale Nvidia (NVDA, shares −32%).

Most Recent 13F
Q2 2026
Location
WALNUT CREEK, CA
CIK
0001607825
Portfolio Value
$999.5M (Q3 2024)
SEC Filing
0001420506-24-002178 ↗ filed Oct 24, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $861.4M Q1 2024 Q2 2024: $934.5M Q2 2024 Q3 2024: $999.5M $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 149 stocks · $999.5M
SCHV Schwab US Large-Cap Value 10.97% 1,364,738 $109.7M Add +2.0%
SCHF Schwab Intl Equity ETF 8.47% 2,059,534 $84.7M Add +2.1%
FNDX Schwab Fndmntl US LRG Co. ETF 5.67% 790,050 $56.7M Add +2.3%
SCHG Schwab US Large-Cap Growth 4.90% 469,636 $48.9M Reduce -0.8%
BSV Vanguard Short-Term Bond ETF 4.33% 549,825 $43.3M Reduce -19.3%
VEA Vanguard Ftse Developed ETF 4.10% 776,837 $41.0M Reduce -1.0%
SCHM Schwab US Mid Cap ETF 4.07% 489,389 $40.7M Add +1.7%
NVDA Nvidia Corp. 3.64% 299,285 $36.3M Reduce -32.3%
SCHA Schwab US Small-Cap ETF 3.50% 678,464 $34.9M Add +1.2%
SPSB SS SPDR P St C Corp. ETF 2.79% 921,680 $27.9M Add +1.6%
SCHB Schwab US Broad Market ETF 2.55% 382,538 $25.4M Reduce -2.5%
ABM Abm Industries Inc. 2.49% 471,034 $24.9M No change
NOW ServiceNow Inc. 2.14% 23,906 $21.4M Add +0.1%
EVI Evi Industries Inc. 1.98% 1,022,495 $19.8M No change
SPYX SS SPDR S&P 500 Foss FL ETF 1.74% 367,429 $17.4M Add +6.2%
VB Vanguard Most SM-Cap ETF-Usd 1.73% 72,751 $17.3M Add +1.2%
FNDA Schwab Fndmntl US SM Co. ETF 1.68% 281,602 $16.8M Add +3.0%
PYLD PIMCO Multisector Bond Actv 1.63% 610,614 $16.3M New
EFAX State Street SPDR MSCI Eafe 1.56% 355,637 $15.6M Add +6.1%
VTV Vanguard Mrngstr Val ETF-Aui 1.51% 86,283 $15.1M Add +3.3%
DSI iShares ESG MSCI KLD 400 ETF 1.38% 126,972 $13.8M Add +5.3%
VUG Vanguard Mrngstar GR ETF-Sui 1.37% 35,586 $13.7M Add +0.9%
ESGV Vanguard ESG US Stock ETF 1.30% 127,888 $13.0M Add +11.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.27% 48,220 $12.7M Add +0.5%
AAPL Apple Inc. 1.22% 52,151 $12.2M Add +20.9%
DFIC Dimensional International Co. 1.20% 426,770 $12.0M Reduce -3.8%
SBUX Starbucks Corp. 1.08% 110,547 $10.8M Reduce -0.5%
BIV Vanguard Intermediate-Term B 1.02% 129,608 $10.2M Add +2.5%
DUHP Dimensional US High Profi Et 0.99% 290,552 $9.9M Add +3.9%
DFAS Dimensional US Small Cap ETF 0.90% 137,978 $8.9M Reduce -0.8%
IGV iShares Expanded Tech-Softwa 0.86% 96,669 $8.6M Add +0.8%
DFAC Dimensional US Core Equity 2 0.86% 250,909 $8.6M Add +4.8%
ADBE Adobe Inc. 0.72% 13,917 $7.2M Add +0.4%
SHY iShares 1-3 Year Treasury Bo 0.66% 79,601 $6.6M Reduce -21.4%
AGG iShares Core U.S. Aggregate 0.66% 64,672 $6.5M Add +1.2%
IJT iShares S&P Small-Cap 600 GR 0.62% 44,241 $6.2M New
DFLV Dim US Large Cap Value ETF 0.61% 199,292 $6.1M Add +4.6%
SCHE Schwab Emrg Mrkts Eqty ETF 0.61% 208,995 $6.1M Add +7.4%
MSFT Microsoft Corp. 0.58% 13,545 $5.8M Add +0.3%
DFUS Dimensional US Eq MKT ETF 0.56% 89,335 $5.6M Add +0.2%
JAVA JPMorgan Active Value ETF 0.52% 81,822 $5.2M Add +0.1%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.42% 15,883 $4.2M New
IVV iShares Core S&P 500 ETF 0.41% 7,188 $4.1M Reduce -2.6%
EFA iShares MSCI Eafe ETF 0.41% 49,571 $4.1M Add +0.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.33% 5,785 $3.3M Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.32% 6,942 $3.2M No change
AMZN Amazon.com Inc. 0.30% 16,228 $3.0M Reduce -0.4%
IGSB iShares 1-5Y Inv Grade Corp. 0.29% 55,761 $2.9M Add +5.7%
METV Roundhill Ball Metaverse ETF 0.29% 5,043 $2.9M Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US 0.25% 8,695 $2.5M Add +65.7%
MU Micron Technology Inc. 0.24% 23,306 $2.4M New
VWO Vanguard Ftse Emerging Marke 0.24% 49,799 $2.4M Reduce -7.8%
IWB iShares Russell 1000 ETF 0.24% 7,578 $2.4M Add +8.1%
GPRO Gopro Inc. Class A 0.22% 13,120 $2.2M Reduce -2.1%
QCOM Qualcomm Inc. 0.20% 11,840 $2.0M Add +193.7%
IVE iShares S&P 500 Value ETF 0.18% 9,369 $1.8M Add +17.5%
LHX L3HARRIS Technologies Inc. 0.18% 7,643 $1.8M No change
ORCL Oracle Corp. 0.17% 9,987 $1.7M Add +0.1%
CGGR Cap Group Growth Equity 0.17% 47,573 $1.7M Reduce -9.3%
DFSV Dimensional US Small Cap Val 0.16% 51,531 $1.6M Reduce -4.1%
HD Home Depot Inc. 0.16% 3,909 $1.6M Add +0.1%
JNJ Johnson & Johnson 0.14% 8,375 $1.4M Add +39.1%
DFIV Dimensional International Va 0.14% 35,455 $1.4M Reduce -0.1%
CHAT Roundhill Gen AI & Tech ETF 0.14% 36,076 $1.3M Add +3.4%
IVW iShares S&P 500 Growth ETF 0.13% 13,226 $1.3M Add +36.7%
TSLA Tesla Inc. 0.13% 4,839 $1.3M Add +3.8%
VOOV Vanguard S&P 500 Value ETF 0.12% 6,050 $1.2M Add +0.6%
V Visa Inc. Class A 0.11% 4,049 $1.1M Reduce -2.5%
BND Vanguard Total Bond Market 0.11% 14,123 $1.1M Add +0.9%
IJH iShares Core S&P Midcap ETF 0.10% 16,811 $1.0M Add +27.1%
ETN Eaton Corp. PLC 0.10% 3,021 $1.0M Reduce -1.0%
DFAE Dimensional Emerging Core Eq 0.10% 35,772 $981K Add +0.5%
NOBL Proshares S&P 500 Dividend A 0.09% 8,681 $927K Add +0.6%
LLY Eli Lilly & Co. 0.09% 1,040 $921K Reduce -0.7%
NFLX Netflix Inc. 0.09% 1,282 $909K Add +1.8%
COST Costco Wholesale Corp. 0.08% 933 $827K No change
PCG P G & E Corp. 0.08% 38,570 $763K Add +0.8%
DFEM Dimensional Emrg MRKT Core 0.07% 26,271 $740K Add +6.8%
UPST Upstart Holdings Inc. 0.07% 18,461 $739K No change
CVX Chevron Corp. 0.07% 4,888 $720K Add +11.7%
IJR iShares Core S&P Small-Cap E 0.07% 5,861 $685K Add +17.2%
SCHW Schwab (charles) Corp. 0.07% 10,484 $679K Reduce -0.8%
IBIT iShares Bitcoin Trust ETF 0.07% 18,648 $674K Add +11.9%
VIG Vanguard Dividend Apprec ETF 0.07% 3,390 $671K Reduce -2.6%
JPM JPMorgan Chase & Co. 0.07% 3,163 $667K Add +0.9%
SCHD Schwab US DVD Equity ETF 0.06% 7,495 $634K Add +1.9%
ITOT iShares Core S&P Total U.S. 0.06% 4,878 $613K No change
PG The Procter & Gamble Co. 0.06% 3,332 $577K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 12,948 $514K Reduce -1.1%
ESGD iShares Trust iShares ESG Aw 0.05% 6,071 $511K Reduce -3.8%
CSCO Cisco Systems Inc. 0.05% 9,495 $505K Reduce -4.7%
MA Mastercard Inc. Class A 0.05% 1,016 $502K No change
WMT Walmart Inc. 0.05% 6,207 $501K Add +0.1%
ABBV Abbvie Inc. 0.05% 2,510 $496K Reduce -4.0%
AMD Advanced Micro Devices 0.05% 2,868 $471K Add +26.4%
AMGN Amgen Inc. 0.05% 1,423 $459K Reduce -1.4%
VONV Vanguard Russell 1000 Value 0.04% 5,274 $439K No change
AMT American Tower Corp. 0.04% 1,856 $432K No change
QUAL iShares MSCI USA Quality Fac 0.04% 2,389 $428K Add +7.0%
VOOG Vanguard S&P 500 Growth ETF 0.04% 1,208 $417K Add +0.2%
UNH Unitedhealth Group Inc. 0.04% 702 $410K Add +1.4%
WDAY Workday Inc. Class A 0.04% 1,667 $407K Reduce -2.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 1,833 $405K Add +21.4%
CRM Salesforce Inc. 0.04% 1,424 $390K Reduce -12.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 3,713 $357K Reduce -3.8%
INTC Intel Corp. 0.04% 15,218 $357K Reduce -2.1%
MRK Merck & Co. Inc. 0.04% 3,091 $351K Reduce -10.2%
MCD McDonald's Corp. 0.03% 1,120 $341K No change
DFAX Dimensional World Ex US Core 0.03% 12,581 $340K Reduce -0.3%
IWF iShares Russell 1000 Growth 0.03% 896 $336K No change
DIHP Dimensional International Hi 0.03% 12,091 $335K Add +0.4%
CVLC Calvert US L-C CR Resp Index 0.03% 4,423 $317K Add +0.3%
ABT Abbott Laboratories 0.03% 2,765 $315K Add +0.0%
GILD Gilead Sciences Inc. 0.03% 3,750 $314K Reduce -4.8%
JPST JPMorgan Ultra-Short Income 0.03% 6,000 $304K No change
FDM First Trust Dow J Select Mic 0.03% 4,689 $301K Reduce -10.6%
VHT Vanguard Health Care ETF 0.03% 1,061 $299K Add +0.5%
INTU Intuit Inc. 0.03% 480 $298K Add +7.1%
DFAI Dimensional International Co. 0.03% 9,377 $298K Reduce -13.6%
SNPS Synopsys Inc. 0.03% 579 $293K New
FAF First American Financial 0.03% 1,868 $291K New
LMT Lockheed Martin Corp. 0.03% 483 $282K Reduce -4.9%
KO The Coca-Cola Co. 0.03% 3,918 $282K No change
IWM iShares Russell 2000 ETF 0.03% 1,253 $277K Add +10.7%
CAT Caterpillar Inc. 0.03% 690 $270K Reduce -17.9%
XOM Exxon Mobil Corp. 0.03% 2,266 $266K Add +1.9%
TMO Thermo Fisher Scientific Inc. 0.03% 427 $264K No change
IEFA iShares Core MSCI Eafe ETF 0.03% 3,320 $259K Reduce -0.8%
PLTR Palantir Technologies Inc. Class A 0.03% 6,773 $252K New
VNQ Vanguard Real Estate ETF 0.03% 2,583 $252K Add +1.3%
HRL Hormel Foods Corp. 0.02% 7,777 $247K Add +1.3%
ISRG Intuitive Surgical Inc. 0.02% 499 $245K No change
CBT Cabot Corp. 0.02% 2,183 $244K New
UNP Union Pacific Corp. 0.02% 983 $242K No change
SUB iShares Short-Term National 0.02% 2,275 $241K New
VOE Vngrd Mrngstr MD-Cap Val ETF 0.02% 1,405 $236K Add +0.9%
IEMG iShares Core MSCI Emerging 0.02% 4,086 $235K Add +5.9%
SCZ iShares MSCI Eafe Small-Cap 0.02% 3,412 $231K Reduce -1.1%
ELV Elevance Health Inc. 0.02% 442 $230K No change
COP Conocophillips 0.02% 2,170 $228K Add +8.1%
ABNB Airbnb Inc. Class A 0.02% 1,775 $225K Reduce -5.7%
DFCF Dimensional Core Fixed Inc. 0.02% 5,162 $223K New
ARTY iShares Future AI & Tech ETF 0.02% 6,450 $221K No change
BBY Best Buy Co. Inc. 0.02% 2,128 $220K New
PM Philip Morris International 0.02% 1,794 $218K New
DFEV Dimensional Emrg MRKT Val 0.02% 7,539 $215K Reduce -24.5%
PANW Palo Alto Networks Inc. 0.02% 599 $205K Reduce -6.3%
ANIX Anixa Biosciences Inc. 0.01% 35,000 $110K No change
BOLT PROJS HLDGS INC 0.00% 35,495 $29K New

Portfolio Sells Q2 2024 → Q3 2024
NVDA Nvidia Corp. Reduce -32.3% 3.64% −2.21
BSV Vanguard Short-Term Bond ETF Reduce -19.3% 4.33% −1.26
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.86
SHY iShares 1-3 Year Treasury Bo Reduce -21.4% 0.66% −0.22
SCHG Schwab US Large-Cap Growth Reduce -0.8% 4.90% −0.21
SCHB Schwab US Broad Market ETF Reduce -2.5% 2.55% −0.09
DFIC Dimensional International Co. Reduce -3.8% 1.20% −0.05
VEA Vanguard Ftse Developed ETF Reduce -1.0% 4.10% −0.05
GPRO Gopro Inc. Class A Reduce -2.1% 0.22% −0.04
AMZN Amazon.com Inc. Reduce -0.4% 0.30% −0.03
TGT Target Corp. Sold out 0.00% −0.03
DISV Dimensional International SM Sold out 0.00% −0.02
CGGR Cap Group Growth Equity Reduce -9.3% 0.17% −0.02
IVV iShares Core S&P 500 ETF Reduce -2.6% 0.41% −0.02
INTC Intel Corp. Reduce -2.1% 0.04% −0.02
SCHW Schwab (charles) Corp. Reduce -0.8% 0.07% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -7.8% 0.24% −0.01
MRK Merck & Co. Inc. Reduce -10.2% 0.04% −0.01
LLY Eli Lilly & Co. Reduce -0.7% 0.09% −0.01
ABNB Airbnb Inc. Class A Reduce -5.7% 0.02% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.9% 0.33% −0.01
DFEV Dimensional Emrg MRKT Val Reduce -24.5% 0.02% −0.01
DFSV Dimensional US Small Cap Val Reduce -4.1% 0.16% −0.01
CRM Salesforce Inc. Reduce -12.7% 0.04% −0.01
DIS The Walt Disney Co. Reduce -3.8% 0.04% −0.01
V Visa Inc. Class A Reduce -2.5% 0.11% −0.01
DFAI Dimensional International Co. Reduce -13.6% 0.03% −0.00
BAC Bank of America Corp. Reduce -1.1% 0.05% −0.00
FDM First Trust Dow J Select Mic Reduce -10.6% 0.03% −0.00
CAT Caterpillar Inc. Reduce -17.9% 0.03% −0.00
PANW Palo Alto Networks Inc. Reduce -6.3% 0.02% −0.00
AMGN Amgen Inc. Reduce -1.4% 0.05% −0.00
ETN Eaton Corp. PLC Reduce -1.0% 0.10% −0.00
ESGD iShares Trust iShares ESG Aw Reduce -3.8% 0.05% −0.00
DFIV Dimensional International Va Reduce -0.1% 0.14% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -2.6% 0.07% −0.00
DFAX Dimensional World Ex US Core Reduce -0.3% 0.03% −0.00
CSCO Cisco Systems Inc. Reduce -4.7% 0.05% −0.00
IEFA iShares Core MSCI Eafe ETF Reduce -0.8% 0.03% −0.00
WDAY Workday Inc. Class A Reduce -2.3% 0.04% −0.00
SCZ iShares MSCI Eafe Small-Cap Reduce -1.1% 0.02% +0.00
DFAS Dimensional US Small Cap ETF Reduce -0.8% 0.90% +0.00
ABBV Abbvie Inc. Reduce -4.0% 0.05% +0.00
GILD Gilead Sciences Inc. Reduce -4.8% 0.03% +0.00
LMT Lockheed Martin Corp. Reduce -4.9% 0.03% +0.00
METV Roundhill Ball Metaverse ETF Reduce -0.5% 0.29% +0.02
SBUX Starbucks Corp. Reduce -0.5% 1.08% +0.15

Portfolio Buys Q2 2024 → Q3 2024
PYLD PIMCO Multisector Bond Actv New 1.63% +1.63
IJT iShares S&P Small-Cap 600 GR New 0.62% +0.62
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.42% +0.42
SCHV Schwab US Large-Cap Value Add +2.0% 10.97% +0.37
AAPL Apple Inc. Add +20.9% 1.22% +0.24
MU Micron Technology Inc. New 0.24% +0.24
SCHF Schwab Intl Equity ETF Add +2.1% 8.47% +0.18
FNDX Schwab Fndmntl US LRG Co. ETF Add +2.3% 5.67% +0.14
NOW ServiceNow Inc. Add +0.1% 2.14% +0.13
ESGV Vanguard ESG US Stock ETF Add +11.7% 1.30% +0.12
QCOM Qualcomm Inc. Add +193.7% 0.20% +0.12
VTI VG Morningstar TS MKT ETF-US Add +65.7% 0.25% +0.10
EFAX State Street SPDR MSCI Eafe Add +6.1% 1.56% +0.09
SCHA Schwab US Small-Cap ETF Add +1.2% 3.50% +0.09
SPYX SS SPDR S&P 500 Foss FL ETF Add +6.2% 1.74% +0.09
VTV Vanguard Mrngstr Val ETF-Aui Add +3.3% 1.51% +0.07
FNDA Schwab Fndmntl US SM Co. ETF Add +3.0% 1.68% +0.07
SCHM Schwab US Mid Cap ETF Add +1.7% 4.07% +0.06
SCHE Schwab Emrg Mrkts Eqty ETF Add +7.4% 0.61% +0.06
VB Vanguard Most SM-Cap ETF-Usd Add +1.2% 1.73% +0.05
DSI iShares ESG MSCI KLD 400 ETF Add +5.3% 1.38% +0.04
JNJ Johnson & Johnson Add +39.1% 0.14% +0.04
DFAC Dimensional US Core Equity 2 Add +4.8% 0.86% +0.03
DUHP Dimensional US High Profi Et Add +3.9% 0.99% +0.03
IVW iShares S&P 500 Growth ETF Add +36.7% 0.13% +0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.5% 1.27% +0.03
IVE iShares S&P 500 Value ETF Add +17.5% 0.18% +0.03
SNPS Synopsys Inc. New 0.03% +0.03
FAF First American Financial New 0.03% +0.03
TSLA Tesla Inc. Add +3.8% 0.13% +0.03
PLTR Palantir Technologies Inc. Class A New 0.03% +0.03
DFLV Dim US Large Cap Value ETF Add +4.6% 0.61% +0.02
CBT Cabot Corp. New 0.02% +0.02
SUB iShares Short-Term National New 0.02% +0.02
DFCF Dimensional Core Fixed Inc. New 0.02% +0.02
BBY Best Buy Co. Inc. New 0.02% +0.02
IJH iShares Core S&P Midcap ETF Add +27.1% 0.10% +0.02
PM Philip Morris International New 0.02% +0.02
ORCL Oracle Corp. Add +0.1% 0.17% +0.02
IWB iShares Russell 1000 ETF Add +8.1% 0.24% +0.02
HD Home Depot Inc. Add +0.1% 0.16% +0.01
IBM Intl Business Machines Corp. Add +21.4% 0.04% +0.01
IJR iShares Core S&P Small-Cap E Add +17.2% 0.07% +0.01
AMD Advanced Micro Devices Add +26.4% 0.05% +0.01
IBIT iShares Bitcoin Trust ETF Add +11.9% 0.07% +0.01
JAVA JPMorgan Active Value ETF Add +0.1% 0.52% +0.01
WMT Walmart Inc. Add +0.1% 0.05% +0.01
PCG P G & E Corp. Add +0.8% 0.08% +0.00
IGSB iShares 1-5Y Inv Grade Corp. Add +5.7% 0.29% +0.00
NOBL Proshares S&P 500 Dividend A Add +0.6% 0.09% +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