Gemmer Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Gemmer Asset Management LLC reported 169 stock positions worth $1.2 billion. Its top holding was Schwab Intl Equity ETF (SCHF) at 10.4% of the portfolio, followed by Schwab US Large-Cap Value (SCHV, 10.2%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 5.6%). Compared with Q2 2025, it opened 12 new positions, sold out of 8, added to 80 and reduced 56. The biggest buy was Schwab Intl Equity ETF (SCHF, shares +14%) and the biggest sale Schwab US Mid Cap ETF (SCHM, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- WALNUT CREEK, CA
- CIK
- 0001607825
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0001420506-25-002854 ↗ filed Oct 15, 2025
Holdings Value
Holdings 169 stocks · $1.2B
| SCHF Schwab Intl Equity ETF | 10.40% | 5,540,141 | $129.0M | Add +14.5% |
| SCHV Schwab US Large-Cap Value | 10.16% | 4,331,628 | $126.1M | Reduce -2.4% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 5.64% | 2,658,567 | $69.9M | Add +1.5% |
| SCHG Schwab US Large-Cap Growth | 5.17% | 2,008,315 | $64.1M | Add +9.5% |
| BSV Vanguard Short-Term Bond ETF | 4.56% | 717,651 | $56.6M | Add +5.5% |
| NVDA Nvidia Corp. | 4.51% | 299,822 | $55.9M | Reduce -0.4% |
| VEA Vanguard Ftse Developed ETF | 4.18% | 865,398 | $51.9M | Add +9.9% |
| SCHA Schwab US Small-Cap ETF | 2.97% | 1,319,841 | $36.8M | Add +0.6% |
| SPSB SS SPDR P St C Corp. ETF | 2.82% | 1,156,873 | $35.0M | Add +8.2% |
| EVI Evi Industries Inc. | 2.60% | 1,022,495 | $32.3M | No change |
| SCHB Schwab US Broad Market ETF | 2.39% | 1,154,813 | $29.7M | Reduce -0.5% |
| SCHM Schwab US Mid Cap ETF | 2.37% | 993,325 | $29.4M | Reduce -29.5% |
| EFAX State Street SPDR MSCI Eafe | 2.26% | 568,907 | $28.1M | Add +26.9% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 1.95% | 441,598 | $24.2M | Add +8.5% |
| PYLD PIMCO Multisector Bond Actv | 1.80% | 833,283 | $22.4M | Add +4.8% |
| NOW ServiceNow Inc. | 1.79% | 24,143 | $22.2M | Add +0.3% |
| ABM Abm Industries Inc. | 1.75% | 470,570 | $21.7M | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.58% | 627,266 | $19.5M | Add +0.9% |
| ESGV Vanguard ESG US Stock ETF | 1.56% | 163,760 | $19.4M | Add +5.1% |
| DSI iShares ESG MSCI KLD 400 ETF | 1.41% | 139,090 | $17.5M | Add +6.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.40% | 68,446 | $17.4M | Reduce -5.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.39% | 35,843 | $17.2M | Reduce -0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.38% | 91,702 | $17.1M | Add +1.0% |
| AAPL Apple Inc. | 1.16% | 56,654 | $14.4M | Add +0.9% |
| DFIC Dimensional International Co. | 1.15% | 435,997 | $14.3M | Add +3.7% |
| DUHP Dimensional US High Profi Et | 1.04% | 341,460 | $12.9M | Add +6.3% |
| IGV iShares Expanded Tech-Softwa | 0.98% | 106,024 | $12.2M | Reduce -9.1% |
| BIV Vanguard Intermediate-Term B | 0.90% | 143,355 | $11.2M | Add +5.8% |
| DFAC Dimensional US Core Equity 2 | 0.84% | 270,541 | $10.4M | Add +2.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.83% | 35,007 | $10.3M | Reduce -26.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.75% | 278,756 | $9.3M | Add +8.1% |
| SBUX Starbucks Corp. | 0.74% | 107,878 | $9.1M | Reduce -1.0% |
| APP AppLovin Corp. Class A | 0.72% | 12,411 | $8.9M | New |
| DFLV Dim US Large Cap Value ETF | 0.68% | 256,112 | $8.4M | Add +5.3% |
| DFAS Dimensional US Small Cap ETF | 0.67% | 121,133 | $8.3M | Add +3.6% |
| MSFT Microsoft Corp. | 0.60% | 14,373 | $7.4M | Add +7.4% |
| IJT iShares S&P Small-Cap 600 GR | 0.50% | 44,241 | $6.3M | No change |
| DFUS Dimensional US Eq MKT ETF | 0.50% | 85,638 | $6.2M | Reduce -1.5% |
| AGG iShares Core U.S. Aggregate | 0.49% | 61,232 | $6.1M | Reduce -2.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.45% | 67,476 | $5.6M | Add +0.4% |
| MU Micron Technology Inc. | 0.43% | 31,581 | $5.3M | Add +0.0% |
| METV Roundhill Ball Metaverse ETF | 0.42% | 7,126 | $5.2M | Reduce -0.5% |
| JAVA JPMorgan Active Value ETF | 0.42% | 75,180 | $5.2M | Reduce -7.6% |
| EFA iShares MSCI Eafe ETF | 0.39% | 52,401 | $4.9M | Add +3.9% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.38% | 15,883 | $4.7M | No change |
| CHAT Roundhill Gen AI & Tech ETF | 0.37% | 75,116 | $4.6M | Add +14.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 7,272 | $4.4M | Add +1.0% |
| IVV iShares Core S&P 500 ETF | 0.31% | 5,768 | $3.9M | Reduce -16.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.31% | 5,689 | $3.8M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 0.28% | 15,549 | $3.4M | Reduce -4.9% |
| IVE iShares S&P 500 Value ETF | 0.27% | 16,270 | $3.4M | Add +51.3% |
| VWO Vanguard Ftse Emerging Marke | 0.25% | 56,150 | $3.0M | Add +4.1% |
| GPRO Gopro Inc. Class A | 0.22% | 11,362 | $2.8M | Reduce -2.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.22% | 51,381 | $2.7M | Reduce -0.1% |
| IWB iShares Russell 1000 ETF | 0.21% | 7,098 | $2.6M | No change |
| LHX L3HARRIS Technologies Inc. | 0.19% | 7,766 | $2.4M | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 7,090 | $2.3M | Reduce -3.5% |
| ORCL Oracle Corp. | 0.18% | 8,096 | $2.3M | Add +0.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.18% | 7,782 | $2.2M | Reduce -0.3% |
| CGGR Cap Group Growth Equity | 0.17% | 49,304 | $2.2M | Reduce -0.4% |
| TSLA Tesla Inc. | 0.15% | 4,291 | $1.9M | Reduce -2.9% |
| HD Home Depot Inc. | 0.15% | 4,547 | $1.8M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 0.14% | 10,269 | $1.7M | Reduce -0.6% |
| IBIT iShares Bitcoin Trust ETF | 0.13% | 25,241 | $1.6M | Add +9.2% |
| NFLX Netflix Inc. | 0.13% | 1,344 | $1.6M | Add +4.3% |
| JNJ Johnson & Johnson | 0.12% | 8,109 | $1.5M | Add +0.8% |
| DFSV Dimensional US Small Cap Val | 0.12% | 46,914 | $1.5M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 0.11% | 4,476 | $1.4M | Reduce -1.3% |
| DFAE Dimensional Emerging Core Eq | 0.11% | 44,120 | $1.4M | Add +0.5% |
| PLTR Palantir Technologies Inc. Class A | 0.11% | 7,376 | $1.3M | Reduce -1.9% |
| IVW iShares S&P 500 Growth ETF | 0.11% | 10,868 | $1.3M | Reduce -5.1% |
| VGK Vanguard Ftse Europe ETF | 0.10% | 16,295 | $1.3M | Reduce -8.5% |
| UPST Upstart Holdings Inc. | 0.10% | 25,513 | $1.3M | Reduce -1.9% |
| VRT Vertiv Holdings Co. Class A | 0.10% | 8,198 | $1.2M | Add +0.1% |
| VOOV Vanguard S&P 500 Value ETF | 0.10% | 6,116 | $1.2M | Reduce -0.0% |
| URA Global X Uranium ETF | 0.10% | 24,821 | $1.2M | New |
| ETN Eaton Corp. PLC | 0.09% | 2,975 | $1.1M | Reduce -3.1% |
| ARTY iShares Future AI & Tech ETF | 0.08% | 22,417 | $1.0M | Add +40.0% |
| SCHK Schwab 1000 Index ETF | 0.08% | 30,792 | $989K | Add +6.4% |
| V Visa Inc. Class A | 0.08% | 2,887 | $986K | Add +1.2% |
| CCJ Cameco Corp. | 0.08% | 11,577 | $971K | New |
| DFEM Dimensional Emrg MRKT Core | 0.08% | 29,922 | $960K | Add +1.9% |
| NOBL Proshares S&P 500 Dividend A | 0.07% | 8,774 | $904K | No change |
| COST Costco Wholesale Corp. | 0.07% | 953 | $882K | Add +4.3% |
| IJR iShares Core S&P Small-Cap E | 0.07% | 7,379 | $877K | Add +11.4% |
| ITOT iShares Core S&P Total U.S. | 0.07% | 5,818 | $847K | Add +0.3% |
| IJH iShares Core S&P Midcap ETF | 0.07% | 12,895 | $842K | Reduce -13.5% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 3,738 | $807K | Add +34.2% |
| WMT Walmart Inc. | 0.06% | 7,761 | $800K | Add +4.1% |
| LLY Eli Lilly & Co. | 0.06% | 999 | $763K | Reduce -2.4% |
| PCG P G & E Corp. | 0.06% | 49,154 | $741K | Reduce -0.7% |
| SCHW Schwab (charles) Corp. | 0.06% | 7,188 | $686K | Reduce -27.8% |
| CSCO Cisco Systems Inc. | 0.05% | 9,939 | $680K | Reduce -0.1% |
| CVX Chevron Corp. | 0.05% | 4,350 | $676K | Reduce -6.3% |
| DFAI Dimensional International Co. | 0.05% | 18,346 | $667K | Add +13.4% |
| ABBV Abbvie Inc. | 0.05% | 2,713 | $628K | Add +2.5% |
| SCHD Schwab US DVD Equity ETF | 0.05% | 22,692 | $620K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.05% | 11,642 | $601K | Reduce -22.1% |
| IWF iShares Russell 1000 Growth | 0.05% | 1,220 | $571K | Reduce -5.0% |
| XLK SS Technology Select Sector | 0.04% | 1,906 | $537K | Add +58.0% |
Portfolio Sells Q2 2025 → Q3 2025
| SCHM Schwab US Mid Cap ETF | Reduce -29.5% | 2.37% | −1.13 |
| SCHV Schwab US Large-Cap Value | Reduce -2.4% | 10.16% | −0.74 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -26.5% | 0.83% | −0.35 |
| IGV iShares Expanded Tech-Softwa | Reduce -9.1% | 0.98% | −0.15 |
| SBUX Starbucks Corp. | Reduce -1.0% | 0.74% | −0.15 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -5.6% | 1.40% | −0.12 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.10 |
| CRM Salesforce Inc. | Reduce -67.3% | 0.03% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -16.6% | 0.31% | −0.07 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.06 |
| SCHB Schwab US Broad Market ETF | Reduce -0.5% | 2.39% | −0.06 |
| AGG iShares Core U.S. Aggregate | Reduce -2.3% | 0.49% | −0.06 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.06 |
| JAVA JPMorgan Active Value ETF | Reduce -7.6% | 0.42% | −0.06 |
| METV Roundhill Ball Metaverse ETF | Reduce -0.5% | 0.42% | −0.05 |
| UPST Upstart Holdings Inc. | Reduce -1.9% | 0.10% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -4.9% | 0.28% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -27.8% | 0.06% | −0.03 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.02 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.1% | 0.22% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.8% | 1.39% | −0.02 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.02 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.02 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.02 |
| VGK Vanguard Ftse Europe ETF | Reduce -8.5% | 0.10% | −0.02 |
| DFUS Dimensional US Eq MKT ETF | Reduce -1.5% | 0.50% | −0.02 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -28.4% | 0.04% | −0.02 |
| BAC Bank of America Corp. | Reduce -22.1% | 0.05% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -13.5% | 0.07% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -11.6% | 0.04% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.5% | 0.19% | −0.01 |
| DIS The Walt Disney Co. | Reduce -11.0% | 0.03% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -2.4% | 0.06% | −0.01 |
| DFCF Dimensional Core Fixed Inc. | Reduce -21.5% | 0.02% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -0.6% | 0.14% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.4% | 0.31% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -3.1% | 0.09% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 0.05% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -20.3% | 0.02% | −0.01 |
| AMD Advanced Micro Devices | Reduce -18.4% | 0.03% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.1% | 0.11% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -19.7% | 0.02% | −0.01 |
| CVX Chevron Corp. | Reduce -6.3% | 0.05% | −0.00 |
| WDAY Workday Inc. Class A | Reduce -3.0% | 0.03% | −0.00 |
| CGGR Cap Group Growth Equity | Reduce -0.4% | 0.17% | −0.00 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -0.0% | 0.10% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -7.3% | 0.03% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -1.3% | 0.11% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -5.0% | 0.05% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| SCHF Schwab Intl Equity ETF | Add +14.5% | 10.40% | +0.91 |
| APP AppLovin Corp. Class A | New | 0.72% | +0.72 |
| SCHG Schwab US Large-Cap Growth | Add +9.5% | 5.17% | +0.41 |
| EFAX State Street SPDR MSCI Eafe | Add +26.9% | 2.26% | +0.38 |
| VEA Vanguard Ftse Developed ETF | Add +9.9% | 4.18% | +0.20 |
| AAPL Apple Inc. | Add +0.9% | 1.16% | +0.14 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Add +8.5% | 1.95% | +0.11 |
| URA Global X Uranium ETF | New | 0.10% | +0.10 |
| CHAT Roundhill Gen AI & Tech ETF | Add +14.5% | 0.37% | +0.09 |
| IVE iShares S&P 500 Value ETF | Add +51.3% | 0.27% | +0.08 |
| MU Micron Technology Inc. | Add +0.0% | 0.43% | +0.08 |
| CCJ Cameco Corp. | New | 0.08% | +0.08 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +6.7% | 1.41% | +0.07 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +8.1% | 0.75% | +0.06 |
| ESGV Vanguard ESG US Stock ETF | Add +5.1% | 1.56% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.0% | 0.36% | +0.04 |
| AMAT Applied Materials Inc. | New | 0.04% | +0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.03% | +0.03 |
| ORCL Oracle Corp. | Add +0.7% | 0.18% | +0.03 |
| DUHP Dimensional US High Profi Et | Add +6.3% | 1.04% | +0.03 |
| ARTY iShares Future AI & Tech ETF | Add +40.0% | 0.08% | +0.02 |
| SCHA Schwab US Small-Cap ETF | Add +0.6% | 2.97% | +0.02 |
| IEMG iShares Core MSCI Emerging | New | 0.02% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +0.3% | 0.19% | +0.02 |
| UNH Unitedhealth Group Inc. | New | 0.02% | +0.02 |
| XHB SS SPDR S&P Homebldrs ETF | New | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | New | 0.02% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | New | 0.02% | +0.02 |
| WMB Williams Cos Inc. | New | 0.02% | +0.02 |
| IJK iShares S&P Mid-Cap 400 Grow | New | 0.02% | +0.02 |
| XLK SS Technology Select Sector | Add +58.0% | 0.04% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +34.2% | 0.07% | +0.01 |
| JNJ Johnson & Johnson | Add +0.8% | 0.12% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +31.0% | 0.04% | +0.01 |
| DFLV Dim US Large Cap Value ETF | Add +5.3% | 0.68% | +0.01 |
| MSFT Microsoft Corp. | Add +7.4% | 0.60% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +4.1% | 0.25% | +0.01 |
| DFAS Dimensional US Small Cap ETF | Add +3.6% | 0.67% | +0.01 |
| ABBV Abbvie Inc. | Add +2.5% | 0.05% | +0.01 |
| INTC Intel Corp. | Add +0.3% | 0.03% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +9.2% | 0.13% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +11.4% | 0.07% | +0.01 |
| VRT Vertiv Holdings Co. Class A | Add +0.1% | 0.10% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +29.3% | 0.03% | +0.00 |
| DFAI Dimensional International Co. | Add +13.4% | 0.05% | +0.00 |
| CAT Caterpillar Inc. | Add +2.2% | 0.03% | +0.00 |
| SCHK Schwab 1000 Index ETF | Add +6.4% | 0.08% | +0.00 |
| XOM Exxon Mobil Corp. | Add +16.1% | 0.03% | +0.00 |
| CVSB Calvert Ult-SHRT Inv GRD ETF | Add +25.2% | 0.02% | +0.00 |
| GEV GE Vernova Inc. | Add +3.2% | 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 |