Gemmer Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Gemmer Asset Management LLC reported 169 stock positions worth $1.3 billion. Its top holding was Schwab Intl Equity ETF (SCHF) at 11.0% of the portfolio, followed by Schwab US Large-Cap Value (SCHV, 8.4%) and Schwab US Large-Cap Growth (SCHG, 6.8%). Compared with Q3 2025, it opened 5 new positions, sold out of 5, added to 88 and reduced 62. The biggest buy was Schwab US Large-Cap Growth (SCHG, shares +35%) and the biggest sale Schwab US Large-Cap Value (SCHV, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- WALNUT CREEK, CA
- CIK
- 0001607825
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0001420506-26-000092 ↗ filed Jan 23, 2026
Holdings Value
Holdings 169 stocks · $1.3B
| SCHF Schwab Intl Equity ETF | 11.01% | 5,947,539 | $143.0M | Add +7.3% |
| SCHV Schwab US Large-Cap Value | 8.40% | 3,683,118 | $109.1M | Reduce -15.0% |
| SCHG Schwab US Large-Cap Growth | 6.79% | 2,702,334 | $88.2M | Add +34.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 5.55% | 2,649,062 | $72.1M | Reduce -0.4% |
| BSV Vanguard Short-Term Bond ETF | 4.52% | 745,271 | $58.7M | Add +3.9% |
| NVDA Nvidia Corp. | 4.32% | 300,866 | $56.1M | Add +0.3% |
| VEA Vanguard Ftse Developed ETF | 4.27% | 887,584 | $55.4M | Add +2.6% |
| SCHA Schwab US Small-Cap ETF | 3.31% | 1,511,541 | $43.0M | Add +14.5% |
| SPSB SS SPDR P St C Corp. ETF | 2.76% | 1,187,043 | $35.8M | Add +2.6% |
| EFAX State Street SPDR MSCI Eafe | 2.57% | 661,907 | $33.4M | Add +16.4% |
| SCHB Schwab US Broad Market ETF | 2.27% | 1,124,612 | $29.5M | Reduce -2.6% |
| SCHM Schwab US Mid Cap ETF | 2.18% | 939,794 | $28.3M | Reduce -5.4% |
| EVI Evi Industries Inc. | 1.94% | 1,022,495 | $25.2M | No change |
| SPYX SS SPDR S&P 500 Foss FL ETF | 1.92% | 443,447 | $24.9M | Add +0.4% |
| PYLD PIMCO Multisector Bond Actv | 1.79% | 873,115 | $23.3M | Add +4.8% |
| ESGV Vanguard ESG US Stock ETF | 1.66% | 177,806 | $21.5M | Add +8.6% |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.55% | 640,871 | $20.2M | Add +2.2% |
| ABM Abm Industries Inc. | 1.53% | 468,484 | $19.8M | Reduce -0.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.46% | 38,764 | $18.9M | Add +8.2% |
| NOW ServiceNow Inc. | 1.43% | 120,915 | $18.5M | Add +0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.36% | 68,354 | $17.6M | Reduce -0.1% |
| DSI iShares ESG MSCI KLD 400 ETF | 1.35% | 136,503 | $17.6M | Reduce -1.9% |
| MU Micron Technology Inc. | 1.28% | 58,056 | $16.6M | Add +83.8% |
| DFIC Dimensional International Co. | 1.27% | 476,867 | $16.4M | Add +9.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.22% | 83,144 | $15.9M | Reduce -9.3% |
| AAPL Apple Inc. | 1.15% | 55,168 | $15.0M | Reduce -2.6% |
| DUHP Dimensional US High Profi Et | 1.03% | 350,305 | $13.3M | Add +2.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.88% | 350,116 | $11.5M | Add +25.6% |
| BIV Vanguard Intermediate-Term B | 0.86% | 143,981 | $11.2M | Add +0.4% |
| DFAC Dimensional US Core Equity 2 | 0.85% | 277,720 | $11.0M | Add +2.6% |
| IGV iShares Expanded Tech-Softwa | 0.80% | 97,840 | $10.3M | Reduce -7.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.77% | 34,368 | $10.0M | Reduce -1.8% |
| DFAS Dimensional US Small Cap ETF | 0.72% | 134,462 | $9.4M | Add +11.0% |
| DFLV Dim US Large Cap Value ETF | 0.71% | 269,393 | $9.2M | Add +5.2% |
| SBUX Starbucks Corp. | 0.68% | 105,144 | $8.9M | Reduce -2.5% |
| APP AppLovin Corp. Class A | 0.64% | 12,422 | $8.4M | Add +0.1% |
| METV Roundhill Ball Metaverse ETF | 0.62% | 12,197 | $8.1M | Add +71.2% |
| MSFT Microsoft Corp. | 0.54% | 14,403 | $7.0M | Add +0.2% |
| AGG iShares Core U.S. Aggregate | 0.49% | 63,938 | $6.4M | Add +4.4% |
| DFUS Dimensional US Eq MKT ETF | 0.49% | 86,064 | $6.4M | Add +0.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.42% | 65,511 | $5.4M | Reduce -2.9% |
| JAVA JPMorgan Active Value ETF | 0.40% | 73,248 | $5.3M | Reduce -2.6% |
| EFA iShares MSCI Eafe ETF | 0.39% | 52,883 | $5.1M | Add +0.9% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.37% | 15,883 | $4.8M | No change |
| AMZN Amazon.com Inc. | 0.34% | 18,982 | $4.4M | Add +22.1% |
| ESML iShares ESG Aware MSCI USA S | 0.33% | 92,769 | $4.3M | New |
| CHAT Roundhill Gen AI & Tech ETF | 0.31% | 68,656 | $4.0M | Reduce -8.6% |
| IVV iShares Core S&P 500 ETF | 0.31% | 5,883 | $4.0M | Add +2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.30% | 5,659 | $3.9M | Reduce -0.5% |
| IVE iShares S&P 500 Value ETF | 0.30% | 18,082 | $3.8M | Add +11.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 7,223 | $3.6M | Reduce -0.7% |
| GPRO Gopro Inc. Class A | 0.28% | 11,463 | $3.6M | Add +0.9% |
| VWO Vanguard Ftse Emerging Marke | 0.22% | 54,320 | $2.9M | Reduce -3.3% |
| VGK Vanguard Ftse Europe ETF | 0.21% | 33,282 | $2.8M | Add +104.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.21% | 52,035 | $2.8M | Add +1.3% |
| IWB iShares Russell 1000 ETF | 0.20% | 7,098 | $2.7M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 7,251 | $2.4M | Add +2.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.18% | 7,766 | $2.4M | Reduce -0.2% |
| LHX L3HARRIS Technologies Inc. | 0.17% | 7,743 | $2.3M | Reduce -0.3% |
| HD Home Depot Inc. | 0.17% | 6,474 | $2.2M | Add +42.4% |
| CGGR Cap Group Growth Equity | 0.17% | 49,552 | $2.2M | Add +0.5% |
| TSLA Tesla Inc. | 0.15% | 4,252 | $1.9M | Reduce -0.9% |
| QCOM Qualcomm Inc. | 0.14% | 10,306 | $1.8M | Add +0.4% |
| INTU Intuit Inc. | 0.13% | 2,520 | $1.7M | Add +584.8% |
| NFLX Netflix Inc. | 0.13% | 17,658 | $1.7M | Add +31.4% |
| JNJ Johnson & Johnson | 0.13% | 7,885 | $1.6M | Reduce -2.8% |
| IVW iShares S&P 500 Growth ETF | 0.12% | 13,138 | $1.6M | Add +20.9% |
| DFSV Dimensional US Small Cap Val | 0.12% | 47,541 | $1.6M | Add +1.3% |
| ORCL Oracle Corp. | 0.12% | 8,015 | $1.6M | Reduce -1.0% |
| URA Global X Uranium ETF | 0.11% | 33,649 | $1.4M | Add +35.6% |
| DFAE Dimensional Emerging Core Eq | 0.11% | 43,379 | $1.4M | Reduce -1.7% |
| SLV iShares Silver Trust | 0.11% | 21,805 | $1.4M | New |
| JPM JPMorgan Chase & Co. | 0.10% | 4,175 | $1.3M | Reduce -6.7% |
| VRT Vertiv Holdings Co. Class A | 0.10% | 8,206 | $1.3M | Add +0.1% |
| LLY Eli Lilly & Co. | 0.10% | 1,226 | $1.3M | Add +22.7% |
| ARTY iShares Future AI & Tech ETF | 0.10% | 26,560 | $1.3M | Add +18.5% |
| TAN Invesco Solar ETF | 0.10% | 25,954 | $1.3M | New |
| VOOV Vanguard S&P 500 Value ETF | 0.10% | 6,116 | $1.3M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 20,664 | $1.1M | Add +77.5% |
| COST Costco Wholesale Corp. | 0.09% | 1,315 | $1.1M | Add +38.0% |
| SCHK Schwab 1000 Index ETF | 0.08% | 33,451 | $1.1M | Add +8.6% |
| CCJ Cameco Corp. | 0.08% | 11,579 | $1.1M | Add +0.0% |
| UPST Upstart Holdings Inc. | 0.08% | 24,018 | $1.1M | Reduce -5.9% |
| IJR iShares Core S&P Small-Cap E | 0.08% | 8,614 | $1.0M | Add +16.7% |
| V Visa Inc. Class A | 0.08% | 2,946 | $1.0M | Add +2.0% |
| DFEM Dimensional Emrg MRKT Core | 0.08% | 30,566 | $1.0M | Add +2.1% |
| ETN Eaton Corp. PLC | 0.07% | 2,967 | $945K | Reduce -0.3% |
| NOBL Proshares S&P 500 Dividend A | 0.07% | 8,774 | $913K | No change |
| ITOT iShares Core S&P Total U.S. | 0.07% | 5,835 | $868K | Add +0.3% |
| WMT Walmart Inc. | 0.07% | 7,702 | $858K | Reduce -0.8% |
| IJH iShares Core S&P Midcap ETF | 0.07% | 12,914 | $852K | Add +0.1% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 3,727 | $819K | Reduce -0.3% |
| PCG P G & E Corp. | 0.06% | 49,154 | $790K | No change |
| CSCO Cisco Systems Inc. | 0.06% | 9,948 | $766K | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.06% | 1 | $755K | New |
| DFAI Dimensional International Co. | 0.05% | 18,249 | $695K | Reduce -0.5% |
| CVX Chevron Corp. | 0.05% | 4,165 | $635K | Reduce -4.3% |
| ABBV Abbvie Inc. | 0.05% | 2,695 | $616K | Reduce -0.7% |
| PLTR Palantir Technologies Inc. Class A | 0.04% | 3,229 | $574K | Reduce -56.2% |
| AMD Advanced Micro Devices | 0.04% | 2,668 | $571K | Add +3.6% |
Portfolio Sells Q3 2025 → Q4 2025
| SCHV Schwab US Large-Cap Value | Reduce -15.0% | 8.40% | −1.77 |
| IJT iShares S&P Small-Cap 600 GR | Sold out | 0.00% | −0.50 |
| ABM Abm Industries Inc. | Reduce -0.4% | 1.53% | −0.22 |
| SCHM Schwab US Mid Cap ETF | Reduce -5.4% | 2.18% | −0.20 |
| IGV iShares Expanded Tech-Softwa | Reduce -7.7% | 0.80% | −0.19 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -9.3% | 1.22% | −0.16 |
| SCHB Schwab US Broad Market ETF | Reduce -2.6% | 2.27% | −0.12 |
| IBIT iShares Bitcoin Trust ETF | Reduce -58.7% | 0.04% | −0.09 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -0.4% | 5.55% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 0.28% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Reduce -56.2% | 0.04% | −0.06 |
| ORCL Oracle Corp. | Reduce -1.0% | 0.12% | −0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.8% | 0.77% | −0.06 |
| CHAT Roundhill Gen AI & Tech ETF | Reduce -8.6% | 0.31% | −0.06 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -1.9% | 1.35% | −0.06 |
| SBUX Starbucks Corp. | Reduce -2.5% | 0.68% | −0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.1% | 1.36% | −0.05 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.9% | 0.42% | −0.03 |
| UPST Upstart Holdings Inc. | Reduce -5.9% | 0.08% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.3% | 0.22% | −0.02 |
| DHS Wisdomtree US High Dividend | Sold out | 0.00% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -0.3% | 0.07% | −0.02 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.02 |
| IJK iShares S&P Mid-Cap 400 Grow | Sold out | 0.00% | −0.02 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.3% | 0.17% | −0.02 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -28.7% | 0.04% | −0.02 |
| JAVA JPMorgan Active Value ETF | Reduce -2.6% | 0.40% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -6.7% | 0.10% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -19.4% | 0.03% | −0.01 |
| T AT&T Inc. | Reduce -14.6% | 0.02% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.5% | 0.30% | −0.01 |
| AAPL Apple Inc. | Reduce -2.6% | 1.15% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -21.5% | 0.02% | −0.01 |
| TSLA Tesla Inc. | Reduce -0.9% | 0.15% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -9.3% | 0.04% | −0.01 |
| CVX Chevron Corp. | Reduce -4.3% | 0.05% | −0.01 |
| WDAY Workday Inc. Class A | Reduce -0.7% | 0.03% | −0.00 |
| DFAE Dimensional Emerging Core Eq | Reduce -1.7% | 0.11% | −0.00 |
| SNPS Synopsys Inc. | Reduce -7.2% | 0.02% | −0.00 |
| ABBV Abbvie Inc. | Reduce -0.7% | 0.05% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -2.5% | 0.04% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -16.2% | 0.02% | −0.00 |
| COP Conocophillips | Reduce -7.5% | 0.02% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -2.4% | 0.03% | −0.00 |
| DIHP Dimensional International Hi | Reduce -7.2% | 0.03% | −0.00 |
| DIS The Walt Disney Co. | Reduce -1.6% | 0.03% | −0.00 |
| MCD McDonald's Corp. | Reduce -3.0% | 0.03% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.3% | 0.06% | −0.00 |
| QUAL iShares MSCI USA Quality Fac | Reduce -2.0% | 0.04% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| SCHG Schwab US Large-Cap Growth | Add +34.6% | 6.79% | +1.62 |
| MU Micron Technology Inc. | Add +83.8% | 1.28% | +0.85 |
| SCHF Schwab Intl Equity ETF | Add +7.3% | 11.01% | +0.61 |
| SCHA Schwab US Small-Cap ETF | Add +14.5% | 3.31% | +0.35 |
| ESML iShares ESG Aware MSCI USA S | New | 0.33% | +0.33 |
| EFAX State Street SPDR MSCI Eafe | Add +16.4% | 2.57% | +0.31 |
| METV Roundhill Ball Metaverse ETF | Add +71.2% | 0.62% | +0.20 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +25.6% | 0.88% | +0.13 |
| DFIC Dimensional International Co. | Add +9.4% | 1.27% | +0.11 |
| VGK Vanguard Ftse Europe ETF | Add +104.3% | 0.21% | +0.11 |
| INTU Intuit Inc. | Add +584.8% | 0.13% | +0.11 |
| SLV iShares Silver Trust | New | 0.11% | +0.11 |
| TAN Invesco Solar ETF | New | 0.10% | +0.10 |
| ESGV Vanguard ESG US Stock ETF | Add +8.6% | 1.66% | +0.09 |
| VEA Vanguard Ftse Developed ETF | Add +2.6% | 4.27% | +0.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +8.2% | 1.46% | +0.07 |
| AMZN Amazon.com Inc. | Add +22.1% | 0.34% | +0.06 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.06% | +0.06 |
| GPRO Gopro Inc. Class A | Add +0.9% | 0.28% | +0.05 |
| DFAS Dimensional US Small Cap ETF | Add +11.0% | 0.72% | +0.05 |
| LLY Eli Lilly & Co. | Add +22.7% | 0.10% | +0.04 |
| BAC Bank of America Corp. | Add +77.5% | 0.09% | +0.04 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.03% | +0.03 |
| DFLV Dim US Large Cap Value ETF | Add +5.2% | 0.71% | +0.03 |
| IVE iShares S&P 500 Value ETF | Add +11.1% | 0.30% | +0.02 |
| HD Home Depot Inc. | Add +42.4% | 0.17% | +0.02 |
| IVW iShares S&P 500 Growth ETF | Add +20.9% | 0.12% | +0.02 |
| COST Costco Wholesale Corp. | Add +38.0% | 0.09% | +0.02 |
| ARTY iShares Future AI & Tech ETF | Add +18.5% | 0.10% | +0.02 |
| URA Global X Uranium ETF | Add +35.6% | 0.11% | +0.02 |
| AMD Advanced Micro Devices | Add +3.6% | 0.04% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +16.7% | 0.08% | +0.01 |
| MRK Merck & Co. Inc. | Add +1.5% | 0.04% | +0.01 |
| CVSB Calvert Ult-SHRT Inv GRD ETF | Add +34.7% | 0.03% | +0.01 |
| DFAC Dimensional US Core Equity 2 | Add +2.6% | 0.85% | +0.01 |
| INTC Intel Corp. | Add +15.8% | 0.03% | +0.01 |
| CRM Salesforce Inc. | Add +11.9% | 0.03% | +0.01 |
| SCHK Schwab 1000 Index ETF | Add +8.6% | 0.08% | +0.00 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.06% | +0.00 |
| ISRG Intuitive Surgical Inc. | Add +0.2% | 0.02% | +0.00 |
| CCJ Cameco Corp. | Add +0.0% | 0.08% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +14.9% | 0.02% | +0.00 |
| VRT Vertiv Holdings Co. Class A | Add +0.1% | 0.10% | +0.00 |
| GEV GE Vernova Inc. | Add +8.9% | 0.03% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +15.7% | 0.02% | +0.00 |
| DFIV Dimensional International Va | Add +0.0% | 0.04% | +0.00 |
| NEE Nextera Energy Inc. | Add +0.3% | 0.03% | +0.00 |
| FDM First Trust Dow J Select Mic | Add +1.9% | 0.03% | +0.00 |
| VSGX Vanguard ESG Intl Stock ETF | Add +3.0% | 0.04% | +0.00 |
| DFEM Dimensional Emrg MRKT Core | Add +2.1% | 0.08% | +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 |