GA
Gemmer Asset Management LLC — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
Gemmer Asset Management LLCCIK: 0001607825
Diversified strategySector-focusedLong-term holder
Total reported value
$1.5B
Reporting period: 2026-06-30 · Number of holdings: 187
Gemmer Asset Management LLC disclosed 187 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.5B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 17.46
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 73.17
Gemmer Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.044 — mathematically equivalent to about 23 equally-sized positions, well below its 187 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.68), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 17% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
+0.3% $70.9M
Trim BSV
+2.2% $980.8K
Trim SCHF
+1.0% $19.6M
Trim NVDA
-8.8% $2.2M
Trim SCHV
-1.7% $12.7M
Sold out ERO
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SCHF | Schwab Intl Equity ETF | ETF-Other | 11.46% | -0.47% | +0.98% | |
| 2 | SCHV | Schwab US Large-cap Value | ETF-Other | 7.89% | -0.38% | -1.72% | |
| 3 | SCHG | Schwab US Large-cap Growth | ETF-Other | 7.05% | -0.02% | +0.90% | |
| 4 | MU | Micron Technology Inc | Stock-Tech | 6.73% | +4.42% | +0.25% | |
| 5 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 5.62% | -0.29% | +0.17% | |
| 6 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 4.39% | -0.69% | +2.18% | |
| 7 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 4.34% | -0.21% | +0.86% | |
| 8 | SCHA | Schwab US Small-cap ETF | ETF-Other | 3.68% | +0.18% | -0.27% | |
| 9 | NVDA | Nvidia CORP | Stock-Tech | 3.41% | -0.43% | -8.83% | |
| 10 | EFAX | State Street Spdr Msci Eafe | ETF-Other | 2.60% | -0.13% | +2.74% | |
| 11 | SCHB | Schwab US Broad Market ETF | ETF-Other | 2.15% | -0.07% | -1.20% | |
| 12 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 2.14% | -0.03% | -2.45% | |
| 13 | SPYX | Ss Spdr S&p 500 Foss Fl ETF | ETF-Large Cap & Growth | 1.85% | -0.05% | -0.49% | |
| 14 | SPSB | Ss Spdr P St C CORP ETF | ETF-Other | 1.71% | -0.26% | +2.36% | |
| 15 | PYLD | Pimco Multisector Bond Actv | ETF-Other | 1.71% | -0.24% | +1.70% | |
| 16 | FNDA | Schwab Fndmntl US Sm Co ETF | ETF-Other | 1.68% | +0.02% | +1.42% | |
| 17 | ESGV | Vanguard Esg US Stock ETF | ETF-Other | 1.63% | — | -0.15% | |
| 18 | VB | Vanguard Small-cap ETF | ETF-Other | 1.42% | -0.02% | -0.08% | |
| 19 | VUG | Vanguard Growth ETF | ETF-Other | 1.40% | +0.04% | +515.09% | |
| 20 | ABM | Abm Industries Inc | Stock-Other | 1.39% | -0.04% | — | |
| 21 | DSI | Ishares Esg Msci Kld 400 ETF | ETF-Other | 1.33% | — | +0.55% | |
| 22 | DFIC | Dimensional International Co | ETF-Other | 1.29% | -0.11% | +3.51% | |
| 23 | VTV | Vanguard Value ETF | ETF-Other | 1.16% | -0.11% | -3.78% | |
| 24 | BIV | Vanguard Intermediate-term B | ETF-Other | 1.13% | -0.20% | +0.53% | |
| 25 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 1.12% | -0.19% | +0.27% | |
| 26 | AAPL | Apple Inc | Stock-Tech | 1.07% | -0.03% | +0.55% | |
| 27 | DUHP | Dimensional US High Profi Et | ETF-Other | 1.06% | +0.02% | +5.78% | |
| 28 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.93% | -0.03% | +3.51% | |
| 29 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.86% | -0.01% | +1.82% | |
| 30 | DFLV | Dim US Large Cap Value ETF | ETF-Large Cap & Growth | 0.80% | — | +5.56% | |
| 31 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 0.79% | +0.01% | +3.34% | |
| 32 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.72% | -0.02% | +0.49% | |
| 33 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.71% | -0.05% | +291.07% | |
| 34 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 0.49% | — | +0.35% | |
| 35 | CHAT | Roundhill Gen Ai & Tech ETF | ETF-Tech | 0.47% | +0.25% | +60.33% | |
| 36 | METV | Roundhill Ball Metaverse ETF | ETF-Other | 0.46% | -0.09% | -0.74% | |
| 37 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.45% | +0.07% | +0.05% | |
| 38 | ESML | Ishares Esg Aware Msci USA S | ETF-Other | 0.40% | +0.01% | +3.15% | |
| 39 | JAVA | Jpmorgan Active Value ETF | ETF-Other | 0.39% | -0.03% | -1.52% | |
| 40 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.38% | -0.03% | +1.10% | |
| 41 | MSFT | Microsoft CORP | Stock-Tech | 0.36% | -0.05% | +3.23% | |
| 42 | INTC | Intel CORP | Stock-Tech | 0.34% | +0.30% | +252.02% | |
| 43 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.30% | — | +1.62% | |
| 44 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.29% | -0.01% | +0.43% | |
| 45 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.29% | -0.06% | -2.96% | |
| 46 | GPRO | Gopro Inc-class A | Stock-Other | 0.28% | +0.02% | +1.43% | |
| 47 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.26% | -0.03% | -0.54% | |
| 48 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.26% | -0.03% | -6.84% | |
| 49 | AMAT | Applied Materials Inc | Stock-Tech | 0.25% | +0.11% | -3.13% | |
| 50 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.24% | -0.03% | +1.92% |
1–50 of 187
Portfolio Performance
Performance for Q3 2026
+2.4%
Performance Last 4 Quarters
+21.8%
- Stdev
- +11.7%
- Beta
- +0.83
- Alpha
- -0.7%
- Max Drawdown
- -7%
- Annualized Perf
- +16.4%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.54
- Stutzer
- +0.39
- Treynor
- +0.19
- Sterling
- +1.05
- Calmar
- +2.35
- Information Ratio
- -0.8
- Tracking Error
- +5.1%
- Stdev Down
- +6.3%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +29.9%
- Worst 12 Months
- +3.1%
- Efficiency Ratio
- +0.53
- Sharpe
- +1.36
- Stdev Sectors
- +22.6%
- Skewness
- -0.24
- Kurtosis
- -0.47
- Upside Potential
- +4.15
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 187 | $1.5B | 0 | ||
| 2026 Q1 | 172 | $1.3B | 16 | ||
| 2025 Q4 | 169 | $1.3B | 12 | ||
| 2025 Q3 | 170 | $1.2B | 24 | ||
| 2025 Q2 | 165 | $1.1B | 0 | ||
| 2025 Q1 | 156 | $1.0B | 100 | ||
| 2024 Q4 | 151 | $1.0B | 0 | ||
| 2024 Q3 | 149 | $999.5M | 0 | ||
| 2024 Q2 | 139 | $934.5M | 0 | ||
| 2024 Q1 | 131 | $861.4M | 0 | ||
| 2023 Q4 | 127 | $814.9M | 0 | ||
| 2023 Q3 | 125 | $741.2M | 0 | ||
| 2023 Q2 | 124 | $735.3M | 0 | ||
| 2023 Q1 | 122 | $683.8M | 0 | ||
| 2022 Q4 | 114 | $631.9M | 0 | ||
| 2022 Q3 | 114 | $600.3M | 0 | ||
| 2022 Q2 | 108 | $639.6M | 0 | ||
| 2022 Q1 | 1265 | $814.7M | 0 | ||
| 2021 Q4 | 1274 | $848.2M | 0 | ||
| 2021 Q3 | 1286 | $723.8M | 0 | ||
| 2021 Q2 | 1527 | $724.7M | 94 | ||
| 2021 Q1 | 1490 | $639.9M | 24 | ||
| 2020 Q4 | 1459 | $606.7M | 14 | ||
| 2020 Q3 | 1382 | $538.1M | 22 | ||
| 2020 Q2 | 1350 | $475.9M | 26 | ||
| 2020 Q1 | 1282 | $375.5M | 25 | ||
| 2019 Q4 | 1369 | $436.7M | 11 | ||
| 2019 Q3 | 1467 | $402.8M | 17 | ||
| 2019 Q2 | 1402 | $373.1M | 13 | ||
| 2019 Q1 | 1429 | $367.4M | 16 | ||
| 2018 Q4 | 1389 | $324.2M | 17 | ||
| 2018 Q3 | 1445 | $322.1M | 23 | ||
| 2018 Q2 | 1448 | $290.3M | 11 | ||
| 2018 Q1 | 1517 | $290.5M | 11 | ||
| 2017 Q4 | 1262 | $289.2M | 17 | ||
| 2017 Q3 | 1271 | $262.8M | 16 | ||
| 2017 Q2 | 1275 | $239.0M | 13 | ||
| 2017 Q1 | 1263 | $224.3M | 15 | ||
| 2016 Q4 | 1236 | $198.7M | 40 | ||
| 2016 Q3 | 1261 | $196.4M | 14 | ||
| 2016 Q2 | 1273 | $185.0M | 20 | ||
| 2016 Q1 | 1302 | $171.5M | 10 | ||
| 2015 Q4 | 1298 | $169.3M | 19 | ||
| 2015 Q3 | 1294 | $158.2M | 18 | ||
| 2015 Q2 | 1341 | $164.6M | 10 | ||
| 2015 Q1 | 1383 | $165.3M | 20 | ||
| 2014 Q4 | 1455 | $147.6M | 14 | ||
| 2014 Q3 | 1485 | $140.8M | 23 | ||
| 2014 Q2 | 1483 | $148.2M | 42 | ||
| 2014 Q1 | 1475 | $140.1M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Gemmer Asset Management LLC's most significant position changes for 2026-06-30: Sold out: Ero Copper CORP (ERO); Sold out: Agnico Eagle Mines LTD (AEM); Sold out: Vertiv Holdings Co-a (VRT); New buy: Ciena CORP (CIEN); Sold out: Vale Sa-sp Adr (VALE).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +4.4% | +0.25% | Add |
| 2 | INTC | Intel CORP | +0.3% | +252.02% | Add |
| 3 | CHAT | Roundhill Gen Ai & Tech ETF | +0.3% | +60.33% | Add |
| 4 | CIEN | Ciena CORP | +0.2% | NEW | New buy |
| 5 | SCHA | Schwab US Small-cap ETF | +0.2% | -0.27% | Trim |
| 6 | AMAT | Applied Materials Inc | +0.1% | -3.13% | Trim |
| 7 | LITE | Lumentum Holdings Inc | +0.1% | NEW | New buy |
| 8 | EEM | Ishares Msci Emerging Market | +0.1% | NEW | New buy |
| 9 | DBA | Invesco Db Agriculture Fund | +0.1% | NEW | New buy |
| 10 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +0.05% | Add |
| 11 | ARTY | Ishares Future Ai & Tech ETF | +0.1% | +11.72% | Add |
| 12 | AMD | Advanced Micro Devices | +0.1% | +1.99% | Add |
| 13 | WDC | Western Digital CORP | +0.1% | -0.94% | Trim |
| 14 | VUG | Vanguard Growth ETF | 0% | +515.09% | Add |
| 15 | FNDA | Schwab Fndmntl US Sm Co ETF | 0% | +1.42% | Add |
| 16 | DUHP | Dimensional US High Profi Et | 0% | +5.78% | Add |
| 17 | GPRO | Gopro Inc-class A | 0% | +1.43% | Add |
| 18 | IVW | Ishares S&p 500 Growth ETF | 0% | +5.69% | Add |
| 19 | CSCO | Cisco Systems Inc | 0% | +1.53% | Add |
| 20 | UPST | Upstart Holdings Inc | 0% | +16.99% | Add |
| 21 | CRWD | Crowdstrike Holdings Inc - A | 0% | NEW | New buy |
| 22 | KLAC | Kla CORP | 0% | NEW | New buy |
| 23 | DELL | Dell Technologies -c | 0% | NEW | New buy |
| 24 | GLW | Corning Inc | 0% | NEW | New buy |
| 25 | UNH | Unitedhealth Group Inc | 0% | NEW | New buy |
| 26 | FTNT | Fortinet Inc | 0% | NEW | New buy |
| 27 | FIX | Comfort Systems USA Inc | 0% | NEW | New buy |
| 28 | HWM | Howmet Aerospace Inc | 0% | NEW | New buy |
| 29 | APH | Amphenol Corp-cl A | 0% | NEW | New buy |
| 30 | KEYS | Keysight Technologies In | 0% | NEW | New buy |
| 31 | ✓ | 0% | NEW | New buy | |
| 32 | XHB | Ss Spdr S&p Homebldrs ETF | 0% | NEW | New buy |
| 33 | C | Citigroup Inc | 0% | NEW | New buy |
| 34 | IJK | Ishares S&p Mid-cap 400 Grow | 0% | NEW | New buy |
| 35 | SNPS | Synopsys Inc | 0% | NEW | New buy |
| 36 | DFAS | Dimensional US Small Cap ETF | 0% | +3.34% | Add |
| 37 | ESML | Ishares Esg Aware Msci USA S | 0% | +3.15% | Add |
| 38 | QCOM | Qualcomm Inc | 0% | +0.39% | Add |
| 39 | LLY | Eli Lilly & Co | 0% | +0.68% | Add |
| 40 | DFEM | Dimensional Emrg Mrkt Core | 0% | +11.39% | Add |
| 41 | CAT | Caterpillar Inc | 0% | +0.86% | Add |
| 42 | PANW | Palo Alto Networks Inc | 0% | +1.02% | Add |
| 43 | VIG | Vanguard Dividend Apprec ETF | 0% | +16.09% | Add |
| 44 | VZ | Verizon Communications Inc | 0% | NEW | New buy |
| 45 | MO | Altria Group Inc | 0% | NEW | New buy |
| 46 | TGTX | Tg Therapeutics Inc | 0% | NEW | New buy |
| 47 | ASML | ASML Holding N.V. | 0% | NEW | New buy |
| 48 | ETN | Eaton Corporation plc | 0% | +0.40% | Add |
| 49 | PSA | Public Storage | 0% | NEW | New buy |
| 50 | SCZ | Ishares Msci Eafe Small-cap | 0% | NEW | New buy |
1–50 of 198
Filing History
FAQ
What is Gemmer Asset Management LLC and what type of investor is it?
Gemmer Asset Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.5B, spread across 187 disclosed positions.
What are Gemmer Asset Management LLC's largest equity positions?
Based on the latest 13F filing, Gemmer Asset Management LLC's top holdings by market value are:
1. Schwab Intl Equity ETF (SCHF) — $170.6M (11.5%)
2. Schwab US Large-cap Value (SCHV) — $117.4M (7.9%)
3. Schwab US Large-cap Growth (SCHG) — $104.9M (7.0%)
4. Micron Technology Inc (MU) — $100.2M (6.7%)
5. Schwab Fndmntl US Lrg Co ETF (FNDX) — $83.6M (5.6%)
What changes did Gemmer Asset Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Gemmer Asset Management LLC made 187 notable position adjustments: 26 new positions were initiated, 92 existing holdings were added to, 58 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Ero Copper CORP (ERO); Sold out: Agnico Eagle Mines LTD (AEM); Sold out: Vertiv Holdings Co-a (VRT); New buy: Ciena CORP (CIEN); Sold out: Vale Sa-sp Adr (VALE)
What sectors does Gemmer Asset Management LLC focus on?
Gemmer Asset Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 80.3%
• Consumer Discretionary: 7.6%
• Health Care: 2.6%
• Financials: 2.4%
• Industrials: 2.4%
• Energy: 1.5%
Investment Profile
Gemmer Asset Management LLC returned an annualized 16.4% over the trailing 36 months — underperforming the S&P 500 by 0.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.83 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 80.3% of the portfolio concentrated in Information Technology.
It has added to its MU position over the past two quarters (+$83.6M, now $100.2M), while trimming AGG over the same stretch (-$5.2M, still holding $1.1M).
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Developer Access
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