1y return+18.2%S&P 500 +20.9%
3y return+48.3%S&P 500 +68.5%
5y return+33.6%S&P 500 +74.5%
10y return+138.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $239 against $357 in the S&P 500.2
Gemmer Asset Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SCHFSchwab Strategic Tr | $170.6M | 11.5% | |
| SCHVSchwab Strategic Tr | $117.4M | 7.9% | −1.7% |
| SCHGSchwab Strategic Tr | $104.9M | 7.1% | |
| MUMicron Technology Inc | $100.2M | 6.7% | |
| FNDXSchwab Strategic Tr | $83.6M | 5.6% | |
| BSVVanguard Bd Index Fds | $65.3M | 4.4% | +2.2% |
| VEAVanguard Tax-managed Fds | $64.6M | 4.3% | |
| SCHASchwab Strategic Tr | $54.8M | 3.7% | |
| NVDANvidia Corporation | $50.8M | 3.4% | −8.8% |
| EFAXSpdr Index Shs Fds | $38.6M | 2.6% | +2.7% |
| SCHBSchwab Strategic Tr | $32.0M | 2.2% | −1.2% |
| SCHMSchwab Strategic Tr | $31.8M | 2.1% | −2.5% |
| SPYXSpdr Series Trust | $27.6M | 1.9% | |
| SPSBSpdr Series Trust | $25.4M | 1.7% | +2.4% |
| PYLDPimco Etf Tr | $25.4M | 1.7% | +1.7% |
| FNDASchwab Strategic Tr | $25.0M | 1.7% | +1.4% |
| ESGVVanguard World Fd | $24.2M | 1.6% | |
| VBVanguard Index Fds | $21.1M | 1.4% | |
| VUGVanguard Index Fds | $20.9M | 1.4% | +2.5% |
| ABMAbm Inds Inc | $20.7M | 1.4% | |
| DSIIshares Tr | $19.9M | 1.3% | |
| DFICDimensional Etf Trust | $19.2M | 1.3% | +3.5% |
| VTVVanguard Index Fds | $17.2M | 1.2% | −3.8% |
| BIVVanguard Bd Index Fds | $16.9M | 1.1% | |
| IGSBIshares Tr | $16.6M | 1.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $50.8M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $16.0M |
| CHATTidal Trust II | March 31, 2024 | +177.3% | $7.0M |
| SCHGSchwab Strategic Tr | June 30, 2020 | +166.6% | $104.9M |
| VUGVanguard Index Fds | June 30, 2020 | +155.7% | $20.9M |
| FNDXSchwab Strategic Tr | June 30, 2020 | +153.3% | $83.6M |
| TSMTaiwan Semiconductor Manufac | December 31, 2024 | +141.8% | $6.7M |
| DSIIshares Tr | June 30, 2020 | +141.3% | $19.9M |
| SPYXSpdr Series Trust | June 30, 2020 | +140.2% | $27.6M |
| SCHBSchwab Strategic Tr | June 30, 2020 | +136.5% | $32.0M |
Sold off last quarter
- EROEro Copper Corp was $4.8M
- AEMAgnico Eagle Mines Ltd was $4.2M
- VRTVertiv Holdings Co was $3.9M
- VALEVale S A was $1.7M
- BRK/ABerkshire Hathaway Inc Del was $718K
- HBMHudbay Minerals Inc was $389K
- CRMSalesforce Inc was $275K
- ISRGIntuitive Surgical Inc was $232K
- WDAYWorkday Inc was $206K
- Honeywell Intl IncCUSIP 438516106 was $203K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.1% | +14.8% |
| March 31, 2026 | −2.0% | −4.6% |
| December 31, 2025 | +0.8% | +2.4% |
| September 30, 2025 | +6.8% | +7.8% |
| June 30, 2025 | +9.5% | +10.5% |
| March 31, 2025 | −2.8% | −4.6% |
| December 31, 2024 | −1.1% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | +0.2% | +4.0% |
| March 31, 2024 | +6.3% | +10.0% |
| December 31, 2023 | +9.5% | +11.2% |
| September 30, 2023 | −3.2% | −3.6% |
| June 30, 2023 | +4.2% | +8.3% |
| March 31, 2023 | +4.1% | +7.0% |
| December 31, 2022 | +8.7% | +7.1% |
| September 30, 2022 | −5.1% | −5.3% |
| June 30, 2022 | −15.8% | −16.5% |
| March 31, 2022 | −7.8% | −4.9% |
| December 31, 2021 | +4.4% | +10.7% |
| September 30, 2021 | −0.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Gemmer Asset Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1607825&type=13F-HR&dateb=&owner=include&count=40CIK 1607825
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1607825/000142050626001235/Filed July 15, 2026 · accession 0001420506-26-001235