Gemmer Asset Management LLC
CIK 1607825 · View on SEC EDGAR ↗
- Portfolio value
- $1.5B
- Positions
- 187
- As of
- June 30, 2026
#1,877 of 9,443 by 13F value · top 19.9%
Portfolio value QoQ: +17.6% 13F does not disclose cash
- Top 10 holdings weight
- 57.17%
- Top 25 holdings weight
- 80.29%
- Positions above 1%
- 27
- Effective number of positions
- 22.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.19% Est. buys $58,738,341 · sells $30,098,903
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 85.4% still held
- New positions
- 26
- Increased
- 92
- Decreased
- 58
- Closed
- 11
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
13.2%
Industrials
1.9%
Consumer Discretionary
0.9%
Retail
0.6%
Communications
0.4%
Healthcare
0.4%
Consumer products
0.3%
Energy
0.3%
Financials
0.2%
Financial Services
0.2%
Communication Services
0.1%
Materials
0.1%
Utilities
0.1%
Consumer Staples
0.1%
Telecommunication
0.0%
Real Estate
0.0%
Other/Unmapped
81.3%
Full portfolio 187 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SCHF | $170,552,955 | 11.46% | 6,157,146 | $19,636,954 | Up ×6 | ||
| SCHV | $117,430,855 | 7.89% | 3,373,480 | $12,738,166 | Down ×4 | ||
| SCHG | $104,930,647 | 7.05% | 3,100,787 | $15,414,369 | Up ×6 | ||
| MU Micron Technology, Inc. - Common Stock | $100,160,722 | 6.73% | 86,773 | $70,919,319 | Up ×6 | ||
| FNDX | $83,600,713 | 5.62% | 2,688,126 | $8,862,399 | Up ×2 | ||
| BSV | $65,311,654 | 4.39% | 838,296 | $980,807 | Up ×6 | ||
| VEA | $64,557,405 | 4.34% | 906,069 | $6,989,021 | Up ×6 | ||
| SCHA | $54,814,517 | 3.68% | 1,517,147 | $10,575,222 | Down ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $50,766,508 | 3.41% | 253,718 | $2,234,827 | Down ×2 | ||
| EFAX | $38,617,155 | 2.60% | 713,531 | $4,055,449 | Up ×6 | ||
| SCHB | $31,997,425 | 2.15% | 1,104,883 | $3,928,171 | Down ×5 | ||
| SCHM | $31,842,951 | 2.14% | 863,655 | $4,431,980 | Down ×5 | ||
| SPYX | $27,577,795 | 1.85% | 451,355 | $3,524,078 | Down ×1 | ||
| SPSB | $25,447,823 | 1.71% | 847,978 | $538,193 | Up ×1 | ||
| PYLD | $25,397,078 | 1.71% | 957,658 | $724,821 | Up ×6 | ||
| FNDA | $24,971,627 | 1.68% | 656,112 | $3,992,523 | Up ×6 | ||
| ESGV | $24,244,951 | 1.63% | 183,341 | $3,629,340 | Down ×1 | ||
| VB | $21,081,056 | 1.42% | 69,547 | $2,851,070 | Down ×1 | ||
| VUG | $20,896,364 | 1.40% | 242,586 | $3,669,675 | Up ×3 | ||
| ABM ABM Industries Incorporated Common Stock | $20,725,732 | 1.39% | 468,484 | $2,679,728 | |||
| DSI | $19,856,728 | 1.33% | 139,453 | $3,048,971 | Up ×2 | ||
| DFIC | $19,222,753 | 1.29% | 515,909 | $1,513,889 | Up ×5 | ||
| VTV | $17,215,783 | 1.16% | 78,997 | $1,108,095 | Down ×3 | ||
| BIV | $16,860,513 | 1.13% | 219,824 | $-16,075 | Up ×6 | ||
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | $16,593,551 | 1.12% | 316,610 | $-3,081 | Up ×3 | ||
| AAPL Apple Inc. - Common Stock | $15,976,838 | 1.07% | 55,214 | $2,041,158 | Up ×1 | ||
| DUHP | $15,802,794 | 1.06% | 378,691 | $2,642,775 | Up ×5 | ||
| SCHE | $13,885,630 | 0.93% | 382,946 | $1,695,967 | Up ×6 | ||
| DFAC | $12,762,593 | 0.86% | 287,705 | $1,781,977 | Up ×6 | ||
| DFLV | $11,887,630 | 0.80% | 300,648 | $1,716,591 | Up ×6 | ||
| DFAS | $11,775,270 | 0.79% | 143,008 | $1,932,161 | Up ×4 | ||
| SBUX Starbucks Corporation - Common Stock | $10,780,525 | 0.72% | 105,495 | $1,374,922 | Up ×1 | ||
| VO | $10,529,472 | 0.71% | 130,687 | $932,423 | Up ×1 | ||
| DFUS | $7,243,925 | 0.49% | 88,405 | $997,063 | Up ×3 | ||
| CHAT | $6,976,193 | 0.47% | 70,695 | $4,249,067 | Up ×1 | ||
| METV | $6,803,603 | 0.46% | 12,078 | $-158,349 | Down ×2 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $6,722,226 | 0.45% | 14,076 | $1,967,607 | Up ×2 | ||
| ESML | $5,999,271 | 0.40% | 107,264 | $1,109,584 | Up ×2 | ||
| JAVA | $5,746,720 | 0.39% | 72,368 | $474,007 | Down ×1 | ||
| EFA | $5,584,157 | 0.38% | 53,756 | $419,468 | Up ×5 | ||
| MSFT Microsoft Corporation - Common Stock | $5,414,158 | 0.36% | 14,514 | $209,425 | Up ×1 | ||
| INTC Intel Corporation - Common Stock | $5,078,915 | 0.34% | 36,374 | $4,622,916 | Up ×1 | ||
| IVV | $4,424,476 | 0.30% | 5,908 | $626,456 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $4,387,839 | 0.29% | 18,410 | $570,042 | Up ×1 | ||
| SHY iShares 1-3 Year Treasury Bond ETF | $4,318,819 | 0.29% | 52,598 | $-156,621 | Down ×3 | ||
| GPRO GoPro, Inc. - Class A Common Stock | $4,121,051 | 0.28% | 11,532 | $851,847 | Up ×1 | ||
| IVE | $3,912,508 | 0.26% | 17,231 | $254,233 | Down ×2 | ||
| SPY SPY | $3,907,589 | 0.26% | 5,233 | $254,373 | Down ×6 | ||
| AMAT Applied Materials, Inc. - Common Stock | $3,754,539 | 0.25% | 5,193 | $1,922,203 | Down ×1 | ||
| BRKB | $3,584,294 | 0.24% | 7,163 | $216,476 | Up ×1 | ||
| CIEN Ciena Corporation Common Stock | $3,279,884 | 0.22% | 6,686 | Up ×1 | |||
| VWO | $3,256,307 | 0.22% | 54,554 | $320,880 | Up ×1 | ||
| IWB | $2,907,150 | 0.20% | 7,099 | $375,917 | |||
| ARTY | $2,776,923 | 0.19% | 36,462 | $1,258,323 | Up ×5 | ||
| VTI | $2,687,157 | 0.18% | 7,262 | $358,476 | Up ×3 | ||
| CGGR | $2,423,472 | 0.16% | 51,345 | $356,310 | Down ×1 | ||
| LHX L3Harris Technologies, Inc. Common Stock | $2,250,910 | 0.15% | 7,746 | $-422,277 | Up ×2 | ||
| HD Home Depot, Inc. (The) Common Stock | $2,187,387 | 0.15% | 6,202 | $151,825 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $2,157,576 | 0.14% | 8,495 | $84,733 | Up ×2 | ||
| IVW | $2,012,732 | 0.14% | 14,635 | $446,548 | Up ×3 | ||
| DFSV | $1,775,319 | 0.12% | 45,767 | $124,284 | Down ×2 | ||
| DFAE | $1,705,418 | 0.11% | 42,413 | $250,453 | Down ×3 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $1,611,444 | 0.11% | 2,774 | $1,058,114 | Up ×3 | ||
| TSLA Tesla, Inc. - Common Stock | $1,606,348 | 0.11% | 3,819 | $175,043 | Down ×4 | ||
| LITE Lumentum Holdings Inc. - Common Stock | $1,517,050 | 0.10% | 1,768 | Up ×1 | |||
| SCHK | $1,486,475 | 0.10% | 41,222 | $232,597 | Up ×5 | ||
| WDC Western Digital Corporation - Common Stock | $1,485,589 | 0.10% | 2,326 | $850,510 | Down ×1 | ||
| LLY Eli Lilly and Company Common Stock | $1,413,733 | 0.10% | 1,179 | $336,374 | Up ×1 | ||
| DFEM | $1,365,197 | 0.09% | 33,592 | $323,234 | Up ×1 | ||
| VOOV | $1,340,839 | 0.09% | 6,117 | $94,319 | |||
| JPM JP Morgan Chase & Co. Common Stock | $1,338,982 | 0.09% | 4,091 | $129,104 | Down ×4 | ||
| CCJ Cameco Corporation Common Stock | $1,314,605 | 0.09% | 12,906 | $57,010 | Up ×1 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $1,272,394 | 0.09% | 2,986 | $208,683 | Up ×2 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $1,264,831 | 0.09% | 10,768 | $441,899 | Up ×3 | ||
| COST Costco Wholesale Corporation - Common Stock | $1,254,975 | 0.08% | 1,342 | $-18,847 | Up ×1 | ||
| EEM | $1,249,714 | 0.08% | 18,268 | ||||
| QCOM QUALCOMM Incorporated - Common Stock | $1,237,180 | 0.08% | 6,695 | $378,396 | Up ×1 | ||
| IJR | $1,217,427 | 0.08% | 8,209 | $171,554 | Down ×2 | ||
| DBA | $1,206,044 | 0.08% | 45,221 | Up ×1 | |||
| URA | $1,168,669 | 0.08% | 26,743 | $-123,008 | Up ×1 | ||
| BAC Bank of America Corporation Common Stock | $1,159,185 | 0.08% | 20,344 | $170,885 | Up ×1 | ||
| ORCL Oracle Corporation Common Stock | $1,146,833 | 0.08% | 7,826 | $-13,062 | Down ×3 | ||
| AGG | $1,137,560 | 0.08% | 11,493 | $-50,062 | Down ×2 | ||
| NFLX Netflix, Inc. - Common Stock | $1,136,474 | 0.08% | 15,917 | $-412,503 | Down ×2 | ||
| UPST Upstart Holdings, Inc. - Common stock | $1,052,519 | 0.07% | 29,707 | $401,189 | Up ×2 | ||
| VIG | $1,024,012 | 0.07% | 4,328 | $222,365 | Up ×2 | ||
| IJH | $1,014,775 | 0.07% | 13,160 | $136,714 | Up ×3 | ||
| RIO Rio Tinto Plc Common Stock | $1,000,467 | 0.07% | 10,539 | $17,284 | |||
| NOBL | $985,430 | 0.07% | 17,547 | $55,315 | Up ×1 | ||
| V Visa Inc. | $977,362 | 0.07% | 2,849 | $132,163 | Up ×1 | ||
| ITOT | $968,590 | 0.07% | 5,896 | $130,816 | Up ×6 | ||
| WMT Walmart Inc. - Common Stock | $875,246 | 0.06% | 7,728 | $-77,460 | Up ×1 | ||
| TAN | $845,845 | 0.06% | 14,300 | $-232,868 | Down ×2 | ||
| PCG Pacific Gas & Electric Co. Common Stock | $783,593 | 0.05% | 46,587 | $-56,921 | Down ×2 | ||
| CAT Caterpillar, Inc. Common Stock | $751,819 | 0.05% | 706 | $255,897 | Up ×2 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $704,829 | 0.05% | 5,485 | $42,266 | Down ×1 | ||
| CVX Chevron Corporation Common Stock | $697,425 | 0.05% | 4,207 | $-149,302 | Up ×1 | ||
| SCHD | $685,511 | 0.05% | 21,618 | $31,983 | Up ×2 | ||
| ABBV AbbVie Inc. Common Stock | $673,389 | 0.05% | 2,676 | $82,034 | Down ×1 | ||
| DFAI | $658,649 | 0.04% | 15,967 | $-53,384 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| SCHF | $170,552,955 | 11.46% | up ×6 |
| SCHG | $104,930,647 | 7.05% | up ×6 |
| MU | $100,160,722 | 6.73% | up ×6 |
| BSV | $65,311,654 | 4.39% | up ×6 |
| VEA | $64,557,405 | 4.34% | up ×6 |
| EFAX | $38,617,155 | 2.60% | up ×6 |
| PYLD | $25,397,078 | 1.71% | up ×6 |
| FNDA | $24,971,627 | 1.68% | up ×6 |
| VUG | $20,896,364 | 1.40% | up ×3 |
| DFIC | $19,222,753 | 1.29% | up ×5 |
| BIV | $16,860,513 | 1.13% | up ×6 |
| IGSB | $16,593,551 | 1.12% | up ×3 |
| DUHP | $15,802,794 | 1.06% | up ×5 |
| SCHE | $13,885,630 | 0.93% | up ×6 |
| DFAC | $12,762,593 | 0.86% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| CIEN | $3,279,884 | 6,686 | 0.22% |
| LITE | $1,517,050 | 1,768 | 0.10% |
| EEM | $1,249,714 | 18,268 | 0.08% |
| DBA | $1,206,044 | 45,221 | 0.08% |
| CRWD | $360,965 | 473 | 0.02% |
| KLAC | $307,744 | 1,020 | 0.02% |
| DELL | $274,142 | 635 | 0.02% |
| GLW | $245,213 | 960 | 0.02% |
| UNH | $242,728 | 584 | 0.02% |
| FTNT | $242,259 | 1,577 | 0.02% |
| FIX | $241,798 | 122 | 0.02% |
| HWM | $237,672 | 884 | 0.02% |
| APH | $237,150 | 1,345 | 0.02% |
| KEYS | $232,446 | 664 | 0.02% |
| Unknown issuer (CUSIP: 84615Q103) | $231,550 | 1,355 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| MU | Bought more | +219 | +$70.9M |
| SCHF | Bought more | +60K | +$19.6M |
| SCHG | Bought more | +28K | +$15.4M |
| SCHV | Trimmed | -59K | +$12.7M |
| SCHA | Trimmed | -4K | +$10.6M |
| FNDX | Bought more | +5K | +$8.9M |
| VEA | Bought more | +8K | +$7.0M |
| SCHM | Trimmed | -22K | +$4.4M |
| CHAT | Bought more | +27K | +$4.2M |
| EFAX | Bought more | +19K | +$4.1M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| EVI | March 31, 2026 | 1,022,495 | $25,194,276 | No longer tracked |
| NOW | March 31, 2026 | 120,915 | $18,522,968 | 24.0% |
| IGV | March 31, 2026 | 97,840 | $10,340,739 | No longer tracked |
| APP | March 31, 2026 | 12,422 | $8,370,239 | -24.5% |
| IJT | Dec. 31, 2025 | 44,241 | $6,260,101 | |
| ERO | June 30, 2026 | 179,577 | $4,789,319 | 43.8% |
| AEM | June 30, 2026 | 20,474 | $4,155,813 | 39.8% |
| VRT | June 30, 2026 | 15,616 | $3,913,057 | -21.1% |
| VALE | June 30, 2026 | 107,151 | $1,704,772 | -3.6% |
| KBWB | June 30, 2025 | 25,653 | $1,610,239 | |
| EEM | Sept. 30, 2025 | 23,355 | $1,126,645 | No longer tracked |
| BND | March 31, 2025 | 14,298 | $1,028,148 | |
| BRKA | Sept. 30, 2025 | 1 | $728,800 | No longer tracked |
| BRKA | June 30, 2026 | 1 | $718,140 | No longer tracked |
| ADBE | Sept. 30, 2025 | 1,643 | $635,644 | -22.6% |
| EMQQ | June 30, 2025 | 14,819 | $565,493 | No longer tracked |
| IBIT | March 31, 2026 | 10,420 | $517,353 | |
| HBM | June 30, 2026 | 18,601 | $388,761 | 26.1% |
| UNH | June 30, 2025 | 599 | $313,726 | 24.2% |
| CRM | June 30, 2026 | 1,471 | $274,567 | 31.2% |
| VHT | March 31, 2025 | 1,068 | $271,018 | No longer tracked |
| TGT | March 31, 2025 | 1,978 | $267,373 | 55.6% |
| HRL | March 31, 2025 | 8,065 | $252,998 | -22.5% |
| PFE | Sept. 30, 2025 | 10,231 | $248,004 | 10.1% |
| VRSK | Sept. 30, 2025 | 770 | $239,855 | -26.0% |
| WFC | March 31, 2026 | 2,535 | $236,262 | 6.3% |
| UNH | March 31, 2026 | 714 | $235,698 | 43.1% |
| ISRG | June 30, 2026 | 504 | $232,339 | -6.1% |
| TMO | June 30, 2025 | 464 | $230,886 | 53.0% |
| SNPS | March 31, 2026 | 490 | $230,162 | 0.4% |
| TMO | March 31, 2026 | 393 | $227,723 | 26.2% |
| TMUS | March 31, 2025 | 1,021 | $225,365 | -31.4% |
| MSTR | Sept. 30, 2025 | 551 | $222,731 | -62.6% |
| DHS | Dec. 31, 2025 | 2,201 | $221,750 | No longer tracked |
| CRWD | March 31, 2026 | 463 | $217,035 | -52.0% |
| FTNT | March 31, 2025 | 2,266 | $214,091 | 55.2% |
| MELI | Sept. 30, 2025 | 81 | $212,521 | -17.1% |
| WDAY | June 30, 2026 | 1,589 | $206,443 | 59.6% |
| XHB | March 31, 2026 | 2,000 | $205,920 | No longer tracked |
| WMB | Dec. 31, 2025 | 3,224 | $204,240 | 18.9% |
| HON | June 30, 2026 | 899 | $203,311 | -1.9% |
| VDE | June 30, 2026 | 1,174 | $203,221 | No longer tracked |
| HON | Sept. 30, 2025 | 864 | $201,322 | 10.7% |
| IJK | Dec. 31, 2025 | 2,090 | $200,410 | No longer tracked |
| PANW | Dec. 31, 2025 | 983 | $200,158 | 86.8% |
| BSLK | June 30, 2025 | 40,000 | $12,292 | No longer tracked |