Gemmer Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), Gemmer Asset Management LLC reported 165 stock positions worth $1.1 billion. Its top holding was Schwab US Large-Cap Value (SCHV) at 10.9% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 9.5%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 5.7%). Compared with Q1 2025, it opened 14 new positions, sold out of 5, added to 90 and reduced 40. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Schwab US Mid Cap ETF (SCHM, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- WALNUT CREEK, CA
- CIK
- 0001607825
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0001420506-25-001564 ↗ filed Jul 22, 2025
Holdings Value
Holdings 165 stocks · $1.1B
| SCHV Schwab US Large-Cap Value | 10.90% | 4,439,368 | $122.8M | Add +3.0% |
| SCHF Schwab Intl Equity ETF | 9.49% | 4,839,092 | $106.9M | Add +8.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 5.70% | 2,619,006 | $64.3M | Add +2.9% |
| SCHG Schwab US Large-Cap Growth | 4.76% | 1,834,662 | $53.6M | Add +0.3% |
| BSV Vanguard Short-Term Bond ETF | 4.75% | 679,972 | $53.5M | Add +5.5% |
| NVDA Nvidia Corp. | 4.22% | 301,129 | $47.6M | Add +1.2% |
| VEA Vanguard Ftse Developed ETF | 3.98% | 787,430 | $44.9M | Add +1.6% |
| SCHM Schwab US Mid Cap ETF | 3.51% | 1,408,203 | $39.5M | Reduce -9.4% |
| SCHA Schwab US Small-Cap ETF | 2.94% | 1,311,482 | $33.2M | Reduce -1.7% |
| SPSB SS SPDR P St C Corp. ETF | 2.86% | 1,069,164 | $32.3M | Add +6.0% |
| SCHB Schwab US Broad Market ETF | 2.45% | 1,160,310 | $27.7M | Reduce -1.0% |
| NOW ServiceNow Inc. | 2.19% | 24,058 | $24.7M | Add +0.6% |
| EVI Evi Industries Inc. | 1.98% | 1,022,495 | $22.3M | No change |
| ABM Abm Industries Inc. | 1.97% | 470,570 | $22.2M | No change |
| EFAX State Street SPDR MSCI Eafe | 1.88% | 448,492 | $21.2M | Add +11.5% |
| PYLD PIMCO Multisector Bond Actv | 1.87% | 794,814 | $21.1M | Add +4.1% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 1.84% | 407,142 | $20.7M | Add +1.7% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.58% | 621,487 | $17.8M | Add +2.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.53% | 72,525 | $17.2M | Add +1.2% |
| ESGV Vanguard ESG US Stock ETF | 1.52% | 155,837 | $17.1M | Add +7.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.42% | 90,785 | $16.0M | Add +3.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.41% | 36,150 | $15.8M | Add +2.4% |
| DSI iShares ESG MSCI KLD 400 ETF | 1.34% | 130,422 | $15.1M | Add +1.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.18% | 47,609 | $13.3M | Add +4.0% |
| DFIC Dimensional International Co. | 1.16% | 420,528 | $13.1M | Add +7.5% |
| IGV iShares Expanded Tech-Softwa | 1.13% | 116,659 | $12.8M | Add +13.0% |
| AAPL Apple Inc. | 1.02% | 56,132 | $11.5M | Add +7.7% |
| DUHP Dimensional US High Profi Et | 1.01% | 321,303 | $11.4M | Add +2.6% |
| BIV Vanguard Intermediate-Term B | 0.93% | 135,515 | $10.5M | Add +5.4% |
| SBUX Starbucks Corp. | 0.89% | 108,997 | $10.0M | Reduce -0.3% |
| DFAC Dimensional US Core Equity 2 | 0.84% | 264,491 | $9.5M | Add +4.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.69% | 257,789 | $7.8M | Add +10.4% |
| DFLV Dim US Large Cap Value ETF | 0.67% | 243,224 | $7.5M | Add +2.9% |
| DFAS Dimensional US Small Cap ETF | 0.66% | 116,928 | $7.4M | Reduce -4.6% |
| MSFT Microsoft Corp. | 0.59% | 13,382 | $6.7M | Reduce -0.8% |
| AGG iShares Core U.S. Aggregate | 0.55% | 62,659 | $6.2M | Reduce -4.0% |
| IJT iShares S&P Small-Cap 600 GR | 0.52% | 44,241 | $5.9M | No change |
| DFUS Dimensional US Eq MKT ETF | 0.52% | 86,959 | $5.8M | Reduce -2.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.49% | 67,203 | $5.6M | Reduce -18.1% |
| JAVA JPMorgan Active Value ETF | 0.47% | 81,380 | $5.3M | Add +3.1% |
| METV Roundhill Ball Metaverse ETF | 0.47% | 7,160 | $5.3M | Add +2.1% |
| EFA iShares MSCI Eafe ETF | 0.40% | 50,458 | $4.5M | Add +1.8% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.39% | 15,883 | $4.4M | No change |
| IVV iShares Core S&P 500 ETF | 0.38% | 6,918 | $4.3M | Reduce -7.0% |
| MU Micron Technology Inc. | 0.35% | 31,570 | $3.9M | Add +2.2% |
| AMZN Amazon.com Inc. | 0.32% | 16,352 | $3.6M | Add +4.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.31% | 5,714 | $3.5M | Reduce -2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 7,203 | $3.5M | Add +1.6% |
| CHAT Roundhill Gen AI & Tech ETF | 0.28% | 65,613 | $3.2M | Add +43.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.24% | 51,413 | $2.7M | Reduce -15.3% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 53,916 | $2.7M | Add +1.8% |
| IWB iShares Russell 1000 ETF | 0.21% | 7,098 | $2.4M | Reduce -5.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 7,344 | $2.2M | Add +0.8% |
| IVE iShares S&P 500 Value ETF | 0.19% | 10,753 | $2.1M | Reduce -3.1% |
| GPRO Gopro Inc. Class A | 0.18% | 11,597 | $2.0M | Add +6.3% |
| CGGR Cap Group Growth Equity | 0.18% | 49,520 | $2.0M | Add +4.3% |
| LHX L3HARRIS Technologies Inc. | 0.17% | 7,743 | $1.9M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.16% | 7,804 | $1.8M | No change |
| ORCL Oracle Corp. | 0.16% | 8,043 | $1.8M | Add +5.3% |
| NFLX Netflix Inc. | 0.15% | 1,288 | $1.7M | No change |
| HD Home Depot Inc. | 0.15% | 4,623 | $1.7M | Add +2.4% |
| UPST Upstart Holdings Inc. | 0.15% | 26,013 | $1.7M | Add +43.3% |
| QCOM Qualcomm Inc. | 0.15% | 10,333 | $1.6M | Add +1.3% |
| IBIT iShares Bitcoin Trust ETF | 0.13% | 23,107 | $1.4M | Add +170.8% |
| TSLA Tesla Inc. | 0.12% | 4,418 | $1.4M | Add +4.1% |
| VGK Vanguard Ftse Europe ETF | 0.12% | 17,800 | $1.4M | Add +6.0% |
| DFSV Dimensional US Small Cap Val | 0.12% | 46,706 | $1.4M | Reduce -9.7% |
| JPM JPMorgan Chase & Co. | 0.12% | 4,533 | $1.3M | Add +5.6% |
| DFAE Dimensional Emerging Core Eq | 0.11% | 43,885 | $1.3M | Add +0.6% |
| IVW iShares S&P 500 Growth ETF | 0.11% | 11,450 | $1.3M | Reduce -20.2% |
| JNJ Johnson & Johnson | 0.11% | 8,046 | $1.2M | Add +0.3% |
| CRM Salesforce Inc. | 0.11% | 4,383 | $1.2M | Reduce -19.1% |
| VOOV Vanguard S&P 500 Value ETF | 0.10% | 6,117 | $1.2M | No change |
| EEM iShares MSCI Emerging Market | 0.10% | 23,355 | $1.1M | New |
| ETN Eaton Corp. PLC | 0.10% | 3,069 | $1.1M | Reduce -1.0% |
| VRT Vertiv Holdings Co. Class A | 0.09% | 8,191 | $1.1M | Reduce -0.9% |
| PLTR Palantir Technologies Inc. Class A | 0.09% | 7,517 | $1.0M | Reduce -0.7% |
| V Visa Inc. Class A | 0.09% | 2,853 | $1.0M | Reduce -13.6% |
| IJH iShares Core S&P Midcap ETF | 0.08% | 14,904 | $924K | Reduce -19.5% |
| SCHW Schwab (charles) Corp. | 0.08% | 9,958 | $909K | Reduce -6.1% |
| COST Costco Wholesale Corp. | 0.08% | 914 | $905K | Add +0.8% |
| NOBL Proshares S&P 500 Dividend A | 0.08% | 8,774 | $884K | No change |
| DFEM Dimensional Emrg MRKT Core | 0.08% | 29,374 | $872K | Add +4.9% |
| SCHK Schwab 1000 Index ETF | 0.08% | 28,934 | $863K | Add +58.6% |
| LLY Eli Lilly & Co. | 0.07% | 1,024 | $798K | Reduce -6.1% |
| ITOT iShares Core S&P Total U.S. | 0.07% | 5,803 | $784K | Add +0.3% |
| WMT Walmart Inc. | 0.06% | 7,454 | $729K | Add +0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.06% | 1 | $729K | No change |
| IJR iShares Core S&P Small-Cap E | 0.06% | 6,626 | $724K | Add +11.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 14,944 | $707K | Add +18.3% |
| PCG P G & E Corp. | 0.06% | 49,499 | $690K | Add +24.5% |
| CSCO Cisco Systems Inc. | 0.06% | 9,944 | $690K | Add +4.4% |
| CVX Chevron Corp. | 0.06% | 4,643 | $665K | Add +2.5% |
| ARTY iShares Future AI & Tech ETF | 0.06% | 16,014 | $657K | Add +148.3% |
| ADBE Adobe Inc. | 0.06% | 1,643 | $636K | Add +8.4% |
| SCHD Schwab US DVD Equity ETF | 0.05% | 22,692 | $601K | No change |
| VSGX Vanguard ESG Intl Stock ETF | 0.05% | 8,937 | $585K | New |
| VIG Vanguard Dividend Apprec ETF | 0.05% | 2,786 | $570K | Reduce -18.0% |
| DFAI Dimensional International Co. | 0.05% | 16,176 | $559K | Add +0.6% |
| PG The Procter & Gamble Co. | 0.05% | 3,449 | $549K | Add +10.2% |
Portfolio Sells Q1 2025 → Q2 2025
| SCHM Schwab US Mid Cap ETF | Reduce -9.4% | 3.51% | −0.56 |
| SBUX Starbucks Corp. | Reduce -0.3% | 0.89% | −0.18 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -18.1% | 0.49% | −0.18 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.7% | 2.94% | −0.18 |
| KBWB Invesco KBW Bank ETF | Sold out | 0.00% | −0.16 |
| AGG iShares Core U.S. Aggregate | Reduce -4.0% | 0.55% | −0.09 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -15.3% | 0.24% | −0.08 |
| DFAS Dimensional US Small Cap ETF | Reduce -4.6% | 0.66% | −0.07 |
| SCHB Schwab US Broad Market ETF | Reduce -1.0% | 2.45% | −0.06 |
| EMQQ Emg MKT Internet ETF-USA Inc. | Sold out | 0.00% | −0.06 |
| CRM Salesforce Inc. | Reduce -19.1% | 0.11% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -7.0% | 0.38% | −0.04 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -19.5% | 0.08% | −0.03 |
| V Visa Inc. Class A | Reduce -13.6% | 0.09% | −0.03 |
| IVE iShares S&P 500 Value ETF | Reduce -3.1% | 0.19% | −0.02 |
| DFSV Dimensional US Small Cap Val | Reduce -9.7% | 0.12% | −0.02 |
| DFUS Dimensional US Eq MKT ETF | Reduce -2.9% | 0.52% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -20.2% | 0.11% | −0.02 |
| ABBV Abbvie Inc. | Reduce -13.2% | 0.04% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -6.1% | 0.07% | −0.02 |
| IWB iShares Russell 1000 ETF | Reduce -5.4% | 0.21% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -18.0% | 0.05% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.4% | 0.31% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -9.5% | 0.03% | −0.01 |
| AMGN Amgen Inc. | Reduce -3.3% | 0.03% | −0.01 |
| DHS Wisdomtree US High Dividend | Reduce -23.4% | 0.02% | −0.01 |
| JPST JPMorgan Ultra-Short Income | Reduce -14.9% | 0.03% | −0.01 |
| ABT Abbott Laboratories | Reduce -12.4% | 0.03% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -6.0% | 0.03% | −0.01 |
| COP Conocophillips | Reduce -2.7% | 0.02% | −0.01 |
| UNP Union Pacific Corp. | Reduce -3.5% | 0.02% | −0.00 |
| INTC Intel Corp. | Reduce -2.7% | 0.02% | −0.00 |
| SCHW Schwab (charles) Corp. | Reduce -6.1% | 0.08% | −0.00 |
| BOLT PROJS HLDGS INC | Sold out | 0.00% | −0.00 |
| DFEV Dimensional Emrg MRKT Val | Reduce -2.0% | 0.02% | −0.00 |
| FDM First Trust Dow J Select Mic | Reduce -4.0% | 0.03% | −0.00 |
| CAT Caterpillar Inc. | Reduce -0.9% | 0.02% | +0.00 |
| CTVA Corteva Inc. | Reduce -1.0% | 0.02% | +0.00 |
| INTU Intuit Inc. | Reduce -6.4% | 0.03% | +0.00 |
| ETN Eaton Corp. PLC | Reduce -1.0% | 0.10% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -0.7% | 0.09% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Reduce -0.9% | 0.09% | +0.03 |
| MSFT Microsoft Corp. | Reduce -0.8% | 0.59% | +0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +1.2% | 4.22% | +1.00 |
| SCHF Schwab Intl Equity ETF | Add +8.0% | 9.49% | +0.64 |
| NOW ServiceNow Inc. | Add +0.6% | 2.19% | +0.29 |
| IGV iShares Expanded Tech-Softwa | Add +13.0% | 1.13% | +0.22 |
| SCHG Schwab US Large-Cap Growth | Add +0.3% | 4.76% | +0.19 |
| EFAX State Street SPDR MSCI Eafe | Add +11.5% | 1.88% | +0.16 |
| CHAT Roundhill Gen AI & Tech ETF | Add +43.7% | 0.28% | +0.13 |
| EEM iShares MSCI Emerging Market | New | 0.10% | +0.10 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.4% | 1.41% | +0.10 |
| ESGV Vanguard ESG US Stock ETF | Add +7.0% | 1.52% | +0.09 |
| IBIT iShares Bitcoin Trust ETF | Add +170.8% | 0.13% | +0.09 |
| MU Micron Technology Inc. | Add +2.2% | 0.35% | +0.08 |
| DFIC Dimensional International Co. | Add +7.5% | 1.16% | +0.08 |
| UPST Upstart Holdings Inc. | Add +43.3% | 0.15% | +0.07 |
| METV Roundhill Ball Metaverse ETF | Add +2.1% | 0.47% | +0.07 |
| VEA Vanguard Ftse Developed ETF | Add +1.6% | 3.98% | +0.05 |
| VSGX Vanguard ESG Intl Stock ETF | New | 0.05% | +0.05 |
| ORCL Oracle Corp. | Add +5.3% | 0.16% | +0.05 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +10.4% | 0.69% | +0.05 |
| ARTY iShares Future AI & Tech ETF | Add +148.3% | 0.06% | +0.04 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +1.5% | 1.34% | +0.03 |
| SCHK Schwab 1000 Index ETF | Add +58.6% | 0.08% | +0.03 |
| IWD iShares Russell 1000 Value E | New | 0.02% | +0.02 |
| VXUS Vanguard Total Intl Stock | New | 0.02% | +0.02 |
| PFE Pfizer Inc. | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| AMZN Amazon.com Inc. | Add +4.4% | 0.32% | +0.02 |
| DFSU Dimensional US Sus CORE1 ETF | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | New | 0.02% | +0.02 |
| MSTR Strategy Inc. | New | 0.02% | +0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.02% | +0.02 |
| MELI MercadoLibre Inc. | New | 0.02% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.02% | +0.02 |
| CVSB Calvert Ult-SHRT Inv GRD ETF | New | 0.02% | +0.02 |
| HON Honeywell International Inc. | New | 0.02% | +0.02 |
| CGGR Cap Group Growth Equity | Add +4.3% | 0.18% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +43.3% | 0.05% | +0.02 |
| TSLA Tesla Inc. | Add +4.1% | 0.12% | +0.01 |
| AMD Advanced Micro Devices | Add +27.3% | 0.04% | +0.01 |
| GPRO Gopro Inc. Class A | Add +6.3% | 0.18% | +0.01 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Add +1.7% | 1.84% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +5.6% | 0.12% | +0.01 |
| BAC Bank of America Corp. | Add +18.3% | 0.06% | +0.01 |
| DFCF Dimensional Core Fixed Inc. | Add +60.4% | 0.03% | +0.01 |
| T AT&T Inc. | Add +41.8% | 0.03% | +0.01 |
| DFAC Dimensional US Core Equity 2 | Add +4.2% | 0.84% | +0.01 |
| DIS The Walt Disney Co. | Add +1.8% | 0.04% | +0.00 |
| VGK Vanguard Ftse Europe ETF | Add +6.0% | 0.12% | +0.00 |
| SCMB Schwab Municipal Bond ETF | Add +33.8% | 0.03% | +0.00 |
| XLK SS Technology Select Sector | Add +9.0% | 0.03% | +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 |