Gemmer Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 14, 2025), Gemmer Asset Management LLC reported 156 stock positions worth $1.0 billion. Its top holding was Schwab US Large-Cap Value (SCHV) at 11.4% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 8.8%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 6.0%). Compared with Q4 2024, it opened 11 new positions, sold out of 6, added to 67 and reduced 53. The biggest buy was Schwab Intl Equity ETF (SCHF, shares +2%) and the biggest sale Nvidia (NVDA, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- WALNUT CREEK, CA
- CIK
- 0001607825
- Portfolio Value
- $1.0B (Q1 2025)
- SEC Filing
- 0001420506-25-000759 ↗ filed Apr 14, 2025
Holdings Value
Holdings 156 stocks · $1.0B
| SCHV Schwab US Large-Cap Value | 11.43% | 4,308,320 | $114.5M | Add +2.9% |
| SCHF Schwab Intl Equity ETF | 8.85% | 4,481,736 | $88.6M | Add +2.2% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.00% | 2,546,334 | $60.1M | Add +2.9% |
| BSV Vanguard Short-Term Bond ETF | 5.03% | 644,233 | $50.4M | Add +6.0% |
| SCHG Schwab US Large-Cap Growth | 4.57% | 1,828,284 | $45.8M | Add +0.9% |
| SCHM Schwab US Mid Cap ETF | 4.07% | 1,554,746 | $40.7M | Add +2.5% |
| VEA Vanguard Ftse Developed ETF | 3.93% | 774,633 | $39.4M | Add +0.5% |
| NVDA Nvidia Corp. | 3.22% | 297,432 | $32.2M | Reduce -0.5% |
| SCHA Schwab US Small-Cap ETF | 3.12% | 1,334,111 | $31.3M | Reduce -0.6% |
| SPSB SS SPDR P St C Corp. ETF | 3.03% | 1,009,058 | $30.4M | Add +4.8% |
| SCHB Schwab US Broad Market ETF | 2.52% | 1,171,787 | $25.2M | Add +0.9% |
| ABM Abm Industries Inc. | 2.22% | 470,570 | $22.3M | Reduce 0.0% |
| PYLD PIMCO Multisector Bond Actv | 2.01% | 763,201 | $20.1M | Add +9.3% |
| NOW ServiceNow Inc. | 1.90% | 23,918 | $19.0M | Add +0.1% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 1.83% | 400,407 | $18.3M | Add +3.2% |
| EFAX State Street SPDR MSCI Eafe | 1.73% | 402,352 | $17.3M | Add +4.4% |
| EVI Evi Industries Inc. | 1.71% | 1,022,495 | $17.2M | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.66% | 607,870 | $16.6M | Add +3.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.59% | 71,686 | $15.9M | Add +0.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.52% | 87,993 | $15.2M | Add +1.3% |
| ESGV Vanguard ESG US Stock ETF | 1.42% | 145,666 | $14.3M | Add +3.3% |
| DSI iShares ESG MSCI KLD 400 ETF | 1.31% | 128,546 | $13.2M | Add +1.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.31% | 35,320 | $13.1M | Add +0.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.18% | 45,797 | $11.8M | Reduce -0.3% |
| AAPL Apple Inc. | 1.16% | 52,113 | $11.6M | Add +1.5% |
| DFIC Dimensional International Co. | 1.08% | 391,166 | $10.9M | Reduce -2.7% |
| SBUX Starbucks Corp. | 1.07% | 109,336 | $10.7M | Reduce -0.7% |
| DUHP Dimensional US High Profi Et | 1.04% | 313,069 | $10.4M | Reduce -1.0% |
| BIV Vanguard Intermediate-Term B | 0.98% | 128,613 | $9.8M | Add +4.2% |
| IGV iShares Expanded Tech-Softwa | 0.92% | 103,242 | $9.2M | Reduce -7.9% |
| DFAC Dimensional US Core Equity 2 | 0.84% | 253,803 | $8.4M | Add +0.1% |
| DFAS Dimensional US Small Cap ETF | 0.73% | 122,619 | $7.3M | Reduce -11.0% |
| DFLV Dim US Large Cap Value ETF | 0.72% | 236,379 | $7.2M | Add +1.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.68% | 82,023 | $6.8M | Add +1.1% |
| AGG iShares Core U.S. Aggregate | 0.64% | 65,267 | $6.5M | Add +0.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.64% | 233,498 | $6.4M | Add +3.8% |
| IJT iShares S&P Small-Cap 600 GR | 0.55% | 44,241 | $5.5M | No change |
| DFUS Dimensional US Eq MKT ETF | 0.54% | 89,508 | $5.4M | Add +0.1% |
| MSFT Microsoft Corp. | 0.51% | 13,496 | $5.1M | Reduce -1.6% |
| JAVA JPMorgan Active Value ETF | 0.50% | 78,925 | $5.0M | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 0.42% | 7,441 | $4.2M | Add +1.3% |
| EFA iShares MSCI Eafe ETF | 0.40% | 49,544 | $4.0M | Reduce -0.5% |
| METV Roundhill Ball Metaverse ETF | 0.40% | 7,012 | $4.0M | Add +29.5% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.40% | 15,883 | $4.0M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 7,091 | $3.8M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 5,855 | $3.3M | Reduce -2.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.32% | 60,677 | $3.2M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 0.30% | 15,668 | $3.0M | Add +0.3% |
| MU Micron Technology Inc. | 0.27% | 30,885 | $2.7M | Add +0.5% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 52,982 | $2.4M | Add +5.6% |
| IWB iShares Russell 1000 ETF | 0.23% | 7,500 | $2.3M | Reduce -0.4% |
| IVE iShares S&P 500 Value ETF | 0.21% | 11,093 | $2.1M | Add +7.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 7,287 | $2.0M | Reduce -20.5% |
| GPRO Gopro Inc. Class A | 0.17% | 10,910 | $1.7M | Reduce -6.0% |
| HD Home Depot Inc. | 0.17% | 4,517 | $1.7M | Add +28.4% |
| CGGR Cap Group Growth Equity | 0.16% | 47,484 | $1.6M | No change |
| LHX L3HARRIS Technologies Inc. | 0.16% | 7,743 | $1.6M | Add +0.3% |
| KBWB Invesco KBW Bank ETF | 0.16% | 25,653 | $1.6M | Add +45.1% |
| CHAT Roundhill Gen AI & Tech ETF | 0.16% | 45,667 | $1.6M | Reduce -12.7% |
| QCOM Qualcomm Inc. | 0.16% | 10,205 | $1.6M | Reduce -13.9% |
| DFSV Dimensional US Small Cap Val | 0.15% | 51,741 | $1.5M | Add +0.3% |
| CRM Salesforce Inc. | 0.15% | 5,421 | $1.5M | Add +36.3% |
| IVW iShares S&P 500 Growth ETF | 0.13% | 14,341 | $1.3M | Add +1.5% |
| JNJ Johnson & Johnson | 0.13% | 8,025 | $1.3M | Reduce -13.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 7,804 | $1.3M | Add +160.9% |
| NFLX Netflix Inc. | 0.12% | 1,288 | $1.2M | Add +0.5% |
| VGK Vanguard Ftse Europe ETF | 0.12% | 16,785 | $1.2M | New |
| V Visa Inc. Class A | 0.12% | 3,302 | $1.2M | Reduce -14.6% |
| DFAE Dimensional Emerging Core Eq | 0.11% | 43,636 | $1.1M | Add +0.2% |
| VOOV Vanguard S&P 500 Value ETF | 0.11% | 6,117 | $1.1M | No change |
| TSLA Tesla Inc. | 0.11% | 4,243 | $1.1M | Reduce -17.3% |
| IJH iShares Core S&P Midcap ETF | 0.11% | 18,513 | $1.1M | Reduce -0.9% |
| ORCL Oracle Corp. | 0.11% | 7,635 | $1.1M | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 0.11% | 4,292 | $1.1M | Reduce -2.2% |
| LLY Eli Lilly & Co. | 0.09% | 1,091 | $901K | No change |
| NOBL Proshares S&P 500 Dividend A | 0.09% | 8,774 | $897K | No change |
| COST Costco Wholesale Corp. | 0.09% | 907 | $858K | Add +7.0% |
| ETN Eaton Corp. PLC | 0.08% | 3,100 | $843K | Add +0.9% |
| UPST Upstart Holdings Inc. | 0.08% | 18,156 | $836K | Add +0.8% |
| SCHW Schwab (charles) Corp. | 0.08% | 10,603 | $830K | Add +0.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.08% | 1 | $798K | New |
| CVX Chevron Corp. | 0.08% | 4,528 | $757K | Reduce -1.8% |
| DFEM Dimensional Emrg MRKT Core | 0.07% | 27,990 | $741K | Add +3.5% |
| ITOT iShares Core S&P Total U.S. | 0.07% | 5,788 | $706K | Add +11.8% |
| PCG P G & E Corp. | 0.07% | 39,772 | $683K | Add +3.0% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 3,398 | $659K | Add +0.1% |
| WMT Walmart Inc. | 0.06% | 7,410 | $651K | Add +19.4% |
| ABBV Abbvie Inc. | 0.06% | 3,050 | $639K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.06% | 7,567 | $639K | Add +1.6% |
| SCHD Schwab US DVD Equity ETF | 0.06% | 22,692 | $634K | No change |
| IJR iShares Core S&P Small-Cap E | 0.06% | 5,961 | $623K | Reduce -1.9% |
| VRT Vertiv Holdings Co. Class A | 0.06% | 8,266 | $597K | New |
| CSCO Cisco Systems Inc. | 0.06% | 9,524 | $588K | Reduce -4.4% |
| ADBE Adobe Inc. | 0.06% | 1,515 | $581K | Reduce -89.1% |
| EMQQ Emg MKT Internet ETF-USA Inc. filed as EXCHANGE TRADED CONCEPTS TRU | 0.06% | 14,819 | $565K | New |
| PG The Procter & Gamble Co. | 0.05% | 3,131 | $534K | Reduce -13.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.05% | 12,633 | $527K | Reduce -4.2% |
| DFAI Dimensional International Co. | 0.05% | 16,076 | $502K | Add +0.1% |
| SCHK Schwab 1000 Index ETF | 0.05% | 18,248 | $491K | New |
| DFIV Dimensional International Va | 0.04% | 11,133 | $438K | Add +0.0% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -0.5% | 3.22% | −0.73 |
| ADBE Adobe Inc. | Reduce -89.1% | 0.06% | −0.55 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.6% | 3.12% | −0.29 |
| IGV iShares Expanded Tech-Softwa | Reduce -7.9% | 0.92% | −0.19 |
| DFAS Dimensional US Small Cap ETF | Reduce -11.0% | 0.73% | −0.15 |
| ABM Abm Industries Inc. | Reduce 0.0% | 2.22% | −0.15 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.10 |
| TSLA Tesla Inc. | Reduce -17.3% | 0.11% | −0.09 |
| MSFT Microsoft Corp. | Reduce -1.6% | 0.51% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -20.5% | 0.20% | −0.06 |
| IBIT iShares Bitcoin Trust ETF | Reduce -53.0% | 0.04% | −0.06 |
| CHAT Roundhill Gen AI & Tech ETF | Reduce -12.7% | 0.16% | −0.05 |
| GPRO Gopro Inc. Class A | Reduce -6.0% | 0.17% | −0.05 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.03 |
| TGT Target Corp. | Sold out | 0.00% | −0.03 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.02 |
| ORCL Oracle Corp. | Reduce -3.1% | 0.11% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -13.9% | 0.16% | −0.02 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.02 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.0% | 0.33% | −0.02 |
| DUHP Dimensional US High Profi Et | Reduce -1.0% | 1.04% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.3% | 1.18% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -0.4% | 0.23% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.9% | 0.11% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.9% | 0.06% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -13.3% | 0.05% | −0.01 |
| SNPS Synopsys Inc. | Reduce -14.0% | 0.02% | −0.01 |
| AMD Advanced Micro Devices | Reduce -5.2% | 0.03% | −0.01 |
| INTU Intuit Inc. | Reduce -18.1% | 0.02% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -19.3% | 0.03% | −0.01 |
| DIS The Walt Disney Co. | Reduce -2.5% | 0.04% | −0.01 |
| V Visa Inc. Class A | Reduce -14.6% | 0.12% | −0.00 |
| BAC Bank of America Corp. | Reduce -4.2% | 0.05% | −0.00 |
| CAT Caterpillar Inc. | Reduce -2.0% | 0.02% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -17.5% | 0.04% | −0.00 |
| DIHP Dimensional International Hi | Reduce -13.6% | 0.03% | −0.00 |
| SUB iShares Short-Term National | Reduce -9.2% | 0.02% | −0.00 |
| LMT Lockheed Martin Corp. | Reduce -0.6% | 0.02% | −0.00 |
| QUAL iShares MSCI USA Quality Fac | Reduce -1.2% | 0.04% | −0.00 |
| COP Conocophillips | Reduce -9.8% | 0.03% | −0.00 |
| INTC Intel Corp. | Reduce -15.5% | 0.02% | −0.00 |
| KO The Coca-Cola Co. | Reduce -14.9% | 0.02% | −0.00 |
| ESGD iShares Trust iShares ESG Aw | Reduce -8.7% | 0.03% | −0.00 |
| DFCF Dimensional Core Fixed Inc. | Reduce -1.2% | 0.02% | +0.00 |
| JNJ Johnson & Johnson | Reduce -13.7% | 0.13% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -4.4% | 0.06% | +0.00 |
| XLF SS Financial Select Sector | Reduce -0.0% | 0.02% | +0.00 |
| MCD McDonald's Corp. | Reduce -5.7% | 0.03% | +0.00 |
| DFAX Dimensional World Ex US Core | Reduce -3.0% | 0.03% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| SCHF Schwab Intl Equity ETF | Add +2.2% | 8.85% | +0.87 |
| SCHV Schwab US Large-Cap Value | Add +2.9% | 11.43% | +0.68 |
| BSV Vanguard Short-Term Bond ETF | Add +6.0% | 5.03% | +0.41 |
| VEA Vanguard Ftse Developed ETF | Add +0.5% | 3.93% | +0.30 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +2.9% | 6.00% | +0.23 |
| PYLD PIMCO Multisector Bond Actv | Add +9.3% | 2.01% | +0.23 |
| EFAX State Street SPDR MSCI Eafe | Add +4.4% | 1.73% | +0.22 |
| SPSB SS SPDR P St C Corp. ETF | Add +4.8% | 3.03% | +0.20 |
| VGK Vanguard Ftse Europe ETF | New | 0.12% | +0.12 |
| METV Roundhill Ball Metaverse ETF | Add +29.5% | 0.40% | +0.09 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.08% | +0.08 |
| BIV Vanguard Intermediate-Term B | Add +4.2% | 0.98% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +160.9% | 0.13% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.3% | 1.52% | +0.07 |
| VRT Vertiv Holdings Co. Class A | New | 0.06% | +0.06 |
| EMQQ Emg MKT Internet ETF-USA Inc. | New | 0.06% | +0.06 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +3.8% | 0.64% | +0.05 |
| SCHK Schwab 1000 Index ETF | New | 0.05% | +0.05 |
| KBWB Invesco KBW Bank ETF | Add +45.1% | 0.16% | +0.05 |
| HD Home Depot Inc. | Add +28.4% | 0.17% | +0.03 |
| DFLV Dim US Large Cap Value ETF | Add +1.1% | 0.72% | +0.03 |
| FDM First Trust Dow J Select Mic | New | 0.03% | +0.03 |
| SCMB Schwab Municipal Bond ETF | New | 0.03% | +0.03 |
| AGG iShares Core U.S. Aggregate | Add +0.2% | 0.64% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +1.1% | 0.68% | +0.02 |
| CTVA Corteva Inc. | New | 0.02% | +0.02 |
| MS Morgan Stanley | New | 0.02% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +5.6% | 0.24% | +0.02 |
| XOM Exxon Mobil Corp. | Add +78.6% | 0.04% | +0.02 |
| DFEV Dimensional Emrg MRKT Val | New | 0.02% | +0.02 |
| IVE iShares S&P 500 Value ETF | Add +7.6% | 0.21% | +0.02 |
| CRM Salesforce Inc. | Add +36.3% | 0.15% | +0.01 |
| MU Micron Technology Inc. | Add +0.5% | 0.27% | +0.01 |
| JAVA JPMorgan Active Value ETF | Add +0.2% | 0.50% | +0.01 |
| WMT Walmart Inc. | Add +19.4% | 0.06% | +0.01 |
| COST Costco Wholesale Corp. | Add +7.0% | 0.09% | +0.01 |
| AMGN Amgen Inc. | Add +3.4% | 0.04% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +1.6% | 0.06% | +0.01 |
| NFLX Netflix Inc. | Add +0.5% | 0.12% | +0.01 |
| JPST JPMorgan Ultra-Short Income | Add +17.5% | 0.04% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +0.4% | 0.08% | +0.01 |
| DFIV Dimensional International Va | Add +0.0% | 0.04% | +0.00 |
| ITOT iShares Core S&P Total U.S. | Add +11.8% | 0.07% | +0.00 |
| DFEM Dimensional Emrg MRKT Core | Add +3.5% | 0.07% | +0.00 |
| DFAI Dimensional International Co. | Add +0.1% | 0.05% | +0.00 |
| DFAE Dimensional Emerging Core Eq | Add +0.2% | 0.11% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +23.8% | 0.03% | +0.00 |
| MRK Merck & Co. Inc. | Add +17.2% | 0.04% | +0.00 |
| UNP Union Pacific Corp. | Add +7.2% | 0.02% | +0.00 |
| XLK SS Technology Select Sector | Add +23.3% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 187 | $1.5B | SCHF, SCHV, SCHG, MU, FNDX |
| Q1 2026 | 172 | $1.3B | SCHF, SCHV, SCHG, FNDX, BSV |
| Q4 2025 | 169 | $1.3B | SCHF, SCHV, SCHG, FNDX, BSV |
| Q3 2025 | 169 | $1.2B | SCHF, SCHV, FNDX, SCHG, BSV |
| Q2 2025 | 165 | $1.1B | SCHV, SCHF, FNDX, SCHG, BSV |
| Q1 2025 | 156 | $1.0B | SCHV, SCHF, FNDX, BSV, SCHG |
| Q4 2024 | 151 | $1.0B | SCHV, SCHF, FNDX, SCHG, BSV |
| Q3 2024 | 149 | $999.5M | SCHV, SCHF, FNDX, SCHG, BSV |
| Q2 2024 | 139 | $934.5M | SCHV, SCHF, NVDA, BSV, FNDX |
| Q1 2024 | 131 | $861.4M | SCHV, SCHF, FNDX, BSV, SCHG |