CIK: 0001607825
Total reported value
$1.3B
Reporting period: 2026-03-31 · Number of holdings: 172
Gemmer Asset Management LLC disclosed 172 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.3B and a quarterly turnover rate of 16.4%.
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Gemmer Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.043 — mathematically equivalent to about 23 equally-sized positions, well below its 172 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 2.54), 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 12% 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.
Add IGSB
+506.8% $13.8M
Add MU
+49.1% $12.7M
Add SCHF
+2.5% $7.9M
Trim SPSB
-30.2% -$10.9M
Add BSV
+10.1% $5.6M
Trim NVDA
-7.5% -$7.6M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SCHF | Schwab Intl Equity ETF | ETF-Other | 11.93% | +0.92% | +2.52% | |
| 2 | SCHV | Schwab US Large-cap Value | ETF-Other | 8.27% | -0.13% | -6.80% | |
| 3 | SCHG | Schwab US Large-cap Growth | ETF-Other | 7.07% | +0.28% | +13.72% | |
| 4 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 5.91% | +0.36% | +1.30% | |
| 5 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 5.08% | +0.56% | +10.09% | |
| 6 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 4.55% | +0.28% | +1.22% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 3.84% | -0.48% | -7.51% | |
| 8 | SCHA | Schwab US Small-cap ETF | ETF-Other | 3.50% | +0.19% | +0.65% | |
| 9 | EFAX | State Street Spdr Msci Eafe | ETF-Other | 2.73% | +0.16% | +4.92% | |
| 10 | MU | Micron Technology INC | Stock-Tech | 2.31% | +1.03% | +49.09% | |
| 11 | SCHB | Schwab US Broad Market ETF | ETF-Other | 2.22% | -0.05% | -0.56% | |
| 12 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 2.17% | -0.01% | -5.79% | |
| 13 | SPSB | Ss Spdr P St C CORP ETF | ETF-Other | 1.97% | -0.79% | -30.21% | |
| 14 | PYLD | Pimco Multisector Bond Actv | ETF-Other | 1.95% | +0.16% | +7.85% | |
| 15 | SPYX | Ss Spdr S&p 500 Foss Fl ETF | ETF-Large Cap & Growth | 1.90% | -0.02% | +2.29% | |
| 16 | FNDA | Schwab Fndmntl US Sm Co ETF | ETF-Other | 1.66% | +0.11% | +0.94% | |
| 17 | ESGV | Vanguard Esg US Stock ETF | ETF-Other | 1.63% | -0.03% | +3.27% | |
| 18 | VB | Vanguard Small-cap ETF | ETF-Other | 1.44% | +0.08% | +1.82% | |
| 19 | ABM | Abm Industries INC | Stock-Other | 1.43% | -0.10% | — | |
| 20 | DFIC | Dimensional International Co | ETF-Other | 1.40% | +0.13% | +4.52% | |
| 21 | VUG | Vanguard Growth ETF | ETF-Other | 1.36% | -0.10% | +1.74% | |
| 22 | BIV | Vanguard Intermediate-term B | ETF-Other | 1.33% | +0.47% | +51.87% | |
| 23 | DSI | Ishares Esg Msci Kld 400 ETF | ETF-Other | 1.33% | -0.02% | +1.60% | |
| 24 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 1.31% | +1.10% | +506.83% | |
| 25 | VTV | Vanguard Value ETF | ETF-Other | 1.27% | — | -1.26% | |
| 26 | AAPL | Apple INC | Stock-Tech | 1.10% | -0.05% | -0.47% | |
| 27 | DUHP | Dimensional US High Profi Et | ETF-Other | 1.04% | — | +2.20% | |
| 28 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.96% | +0.08% | +5.66% | |
| 29 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.87% | — | +1.75% | |
| 30 | DFLV | Dim US Large Cap Value ETF | ETF-Large Cap & Growth | 0.80% | +0.09% | +5.73% | |
| 31 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 0.78% | — | +2.92% | |
| 32 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.76% | — | -2.76% | |
| 33 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.74% | — | -0.15% | |
| 34 | METV | Roundhill Ball Metaverse ETF | ETF-Other | 0.55% | -0.07% | -0.24% | |
| 35 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 0.49% | — | +2.36% | |
| 36 | JAVA | Jpmorgan Active Value ETF | ETF-Other | 0.42% | — | +0.33% | |
| 37 | MSFT | Microsoft CORP | Stock-Tech | 0.41% | -0.13% | -2.38% | |
| 38 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.41% | — | +0.55% | |
| 39 | ESML | Ishares Esg Aware Msci USA S | ETF-Other | 0.39% | +0.06% | +12.10% | |
| 40 | ERO | Ero Copper CORP | Stock-Other | 0.38% | +0.38% | NEW | |
| 41 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.38% | +0.20% | +81.16% | |
| 42 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.35% | -0.07% | -17.26% | |
| 43 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.33% | +0.33% | NEW | |
| 44 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.31% | +0.21% | +90.30% | |
| 45 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.30% | -0.04% | -3.43% | |
| 46 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.30% | — | -1.17% | |
| 47 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.29% | — | -4.19% | |
| 48 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.29% | — | -0.74% | |
| 49 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.27% | — | -2.70% | |
| 50 | GPRO | Gopro Inc-class A | Stock-Other | 0.26% | — | -0.82% |
Performance for Q3 2026
+4.8%
Performance Last 4 Quarters
+23.4%
Based on 85% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 172 | $1.3B | 16 | |
| 2025-12-31 | 169 | $1.3B | 12 | |
| 2025-09-30 | 170 | $1.2B | 24 | |
| 2025-06-30 | 165 | $1.1B | 0 | |
| 2025-03-31 | 156 | $1.0B | 100 | |
| 2024-12-31 | 151 | $1.0B | 0 | |
| 2024-09-30 | 149 | $999.5M | 0 | |
| 2024-06-30 | 139 | $934.5M | 0 | |
| 2024-03-31 | 131 | $861.4M | 0 | |
| 2023-12-31 | 127 | $814.9M | 0 | |
| 2023-09-30 | 125 | $741.2M | 0 | |
| 2023-06-30 | 124 | $735.3M | 0 | |
| 2023-03-31 | 122 | $683.8M | 0 | |
| 2022-12-31 | 114 | $631.9M | 0 | |
| 2022-09-30 | 114 | $600.3M | 0 | |
| 2022-06-30 | 108 | $639.6M | 0 | |
| 2022-03-31 | 1265 | $814.7M | 0 | |
| 2021-12-31 | 1274 | $848.2M | 0 | |
| 2021-09-30 | 1286 | $723.8M | 0 | |
| 2021-06-30 | 1527 | $724.7M | 94 | |
| 2021-03-31 | 1490 | $639.9M | 24 | |
| 2020-12-31 | 1459 | $606.7M | 14 | |
| 2020-09-30 | 1382 | $538.1M | 22 | |
| 2020-06-30 | 1350 | $475.9M | 26 | |
| 2020-03-31 | 1282 | $375.5M | 25 | |
| 2019-12-31 | 1369 | $436.7M | 11 | |
| 2019-09-30 | 1467 | $402.8M | 17 | |
| 2019-06-30 | 1402 | $373.1M | 13 | |
| 2019-03-31 | 1429 | $367.4M | 16 | |
| 2018-12-31 | 1389 | $324.2M | 17 | |
| 2018-09-30 | 1445 | $322.1M | 23 | |
| 2018-06-30 | 1448 | $290.3M | 11 | |
| 2018-03-31 | 1517 | $290.5M | 11 | |
| 2017-12-31 | 1262 | $289.2M | 17 | |
| 2017-09-30 | 1271 | $262.8M | 16 | |
| 2017-06-30 | 1275 | $239.0M | 13 | |
| 2017-03-31 | 1263 | $224.3M | 15 | |
| 2016-12-31 | 1236 | $198.7M | 40 | |
| 2016-09-30 | 1261 | $196.4M | 14 | |
| 2016-06-30 | 1273 | $185.0M | 20 | |
| 2016-03-31 | 1302 | $171.5M | 10 | |
| 2015-12-31 | 1298 | $169.3M | 19 | |
| 2015-09-30 | 1294 | $158.2M | 18 | |
| 2015-06-30 | 1341 | $164.6M | 10 | |
| 2015-03-31 | 1383 | $165.3M | 20 | |
| 2014-12-31 | 1455 | $147.6M | 14 | |
| 2014-09-30 | 1485 | $140.8M | 23 | |
| 2014-06-30 | 1483 | $148.2M | 42 | |
| 2014-03-31 | 1475 | $140.1M | 0 |
Gemmer Asset Management LLC's most significant position changes for 2026-03-31: Sold out: Evi Industries INC (EVI); Sold out: Servicenow INC (NOW); Sold out: Ishares Expanded Tech-softwa (IGV); Sold out: Applovin Corp-class A (APP); New buy: Ero Copper CORP (ERO).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IGSB | Ishares 1-5y Inv Grade CORP | +1.1% | +506.83% | Add |
| 2 | MU | Micron Technology INC | +1% | +49.09% | Add |
| 3 | SCHF | Schwab Intl Equity ETF | +0.9% | +2.52% | Add |
| 4 | BSV | Vanguard Short-term Bond ETF | +0.6% | +10.09% | Add |
| 5 | BIV | Vanguard Intermediate-term B | +0.5% | +51.87% | Add |
| 6 | FNDX | Schwab Fndmntl US Lrg Co ETF | +0.4% | +1.30% | Add |
| 7 | VEA | Vanguard Ftse Developed ETF | +0.3% | +1.22% | Add |
| 8 | SCHG | Schwab US Large-cap Growth | +0.3% | +13.72% | Add |
| 9 | VRT | Vertiv Holdings Co-a | +0.2% | +90.30% | Add |
| 10 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +81.16% | Add |
| 11 | SCHA | Schwab US Small-cap ETF | +0.2% | +0.65% | Add |
| 12 | PYLD | Pimco Multisector Bond Actv | +0.2% | +7.85% | Add |
| 13 | EFAX | State Street Spdr Msci Eafe | +0.2% | +4.92% | Add |
| 14 | SLV | Ishares Silver Trust | +0.1% | +110.04% | Add |
| 15 | DFIC | Dimensional International Co | +0.1% | +4.52% | Add |
| 16 | FNDA | Schwab Fndmntl US Sm Co ETF | +0.1% | +0.94% | Add |
| 17 | AMAT | Applied Materials INC | +0.1% | +141.60% | Add |
| 18 | DFLV | Dim US Large Cap Value ETF | +0.1% | +5.73% | Add |
| 19 | SCHE | Schwab Emrg Mrkts Eqty ETF | +0.1% | +5.66% | Add |
| 20 | VB | Vanguard Small-cap ETF | +0.1% | +1.82% | Add |
| 21 | ESML | Ishares Esg Aware Msci USA S | +0.1% | +12.10% | Add |
| 22 | SCHM | Schwab US Mid Cap ETF | 0% | -5.79% | Trim |
| 23 | SPYX | Ss Spdr S&p 500 Foss Fl ETF | 0% | +2.29% | Add |
| 24 | DSI | Ishares Esg Msci Kld 400 ETF | 0% | +1.60% | Add |
| 25 | ESGV | Vanguard Esg US Stock ETF | 0% | +3.27% | Add |
| 26 | AMZN | Amazon.com INC | 0% | -3.43% | Trim |
| 27 | SCHB | Schwab US Broad Market ETF | -0.1% | -0.56% | Trim |
| 28 | AAPL | Apple INC | -0.1% | -0.47% | Trim |
| 29 | METV | Roundhill Ball Metaverse ETF | -0.1% | -0.24% | Trim |
| 30 | SHY | Ishares 1-3 Year Treasury Bo | -0.1% | -17.26% | Trim |
| 31 | QCOM | Qualcomm INC | -0.1% | -35.29% | Trim |
| 32 | CHAT | Roundhill Gen Ai & Tech ETF | -0.1% | -35.78% | Trim |
| 33 | ABM | Abm Industries INC | -0.1% | — | Unchanged |
| 34 | VUG | Vanguard Growth ETF | -0.1% | +1.74% | Add |
| 35 | SCHV | Schwab US Large-cap Value | -0.1% | -6.80% | Trim |
| 36 | MSFT | Microsoft CORP | -0.1% | -2.38% | Trim |
| 37 | VGK | Vanguard Ftse Europe ETF | -0.2% | -77.87% | Trim |
| 38 | VBK | Vanguard Small-cap Grwth ETF | -0.4% | -94.90% | Trim |
| 39 | AGG | Ishares Core U.s. Aggregate | -0.4% | -81.29% | Trim |
| 40 | NVDA | Nvidia CORP | -0.5% | -7.51% | Trim |
| 41 | SPSB | Ss Spdr P St C CORP ETF | -0.8% | -30.21% | Trim |
| 42 | EVI | Evi Industries INC | — | EXIT | Sold out |
| 43 | NOW | Servicenow INC | — | EXIT | Sold out |
| 44 | IGV | Ishares Expanded Tech-softwa | — | EXIT | Sold out |
| 45 | APP | Applovin Corp-class A | — | EXIT | Sold out |
| 46 | ERO | Ero Copper CORP | — | NEW | New buy |
| 47 | AEM | Agnico Eagle Mines LTD | — | NEW | New buy |
| 48 | VALE | Vale Sa-sp Adr | — | NEW | New buy |
| 49 | RIO | Rio Tinto Plc-spon Adr | — | NEW | New buy |
| 50 | WDC | Western Digital CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-23 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-23 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-15 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-22 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-16 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-24 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-16 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-24 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-17 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-19 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-20 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-17 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-20 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-21 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-22 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-20 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-21 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-19 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-23 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-20 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-28 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-21 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-31 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-01 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-17 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-11 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-18 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-17 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-18 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-12 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-18 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-11 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-16 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-12 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-13 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-20 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-17 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-22 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-15 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-22 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-17 | Amendment | View on EDGAR |
| 2015-09-30 | 2015-11-10 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-06 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-10 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-06 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-03 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-23 | 13F-HR | View on EDGAR |
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