Gemmer Asset Management LLC

CIK

1607825

Location

WALNUT CREEK, CA

Portfolio Value

Mid $1,470,592,799

Diversification

Moderately concentrated

Reports for

Pathstone LLC

Filing Date

Global Rank

#1,978 / 8,793 ▼ 31 · as of Jun 2026

Top Industry

Semiconductors 59.2%

Period ended 3 months ago

Filed Jul 15, 2026 · 3mo

26 quarters · since Mar 2020

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

120 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

43.3%

−4.5 pts

Top 5

66.8%

−3.6 pts

Top 10

84.2%

+0.3 pts

HHI

2,094

Moderately concentrated−373

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	81.0%	$1,190,780,663	30
Technology	13.9%	$204,128,994	29
Industrials	1.8%	$27,067,562	11
Consumer Cyclical	1.3%	$19,229,031	5
Financial Services	0.7%	$10,827,513	12
Healthcare	0.5%	$6,683,825	10
Energy	0.3%	$3,724,165	8
Consumer Defensive	0.2%	$3,402,887	6
Communication Services	0.1%	$1,961,654	4
Utilities	0.1%	$1,292,044	2
Basic Materials	0.1%	$1,290,106	2
Real Estate	0.0%	$204,355	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VB	Vanguard Morningstar Small-Cap ETF	+297,273	533,228	$73,455,180
DCOR	Dimensional US Core Equity 1 ETF	+65,859	1,913,037	$86,741,913
AIPO	Defiance AI & Power Infrastructure ETF	+26,602	70,695	$0
INTC	Intel Corp	+26,041	36,374	$5,078,901
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	+21,593	852,165	$25,939,170
CWI	State Street SPDR MSCI ACWI ex-US ETF	+19,047	713,531	$38,617,011
BIV	Vanguard Intermediate-Term Bond ETF	+19,013	1,058,120	$82,172,141
FNDA	Schwab Fundamental U.S. Small Company ETF	+17,357	19,921,613	$636,573,394
AAXJ	iShares MSCI All Country Asia ex Japan ETF	+16,406	829,349	$77,008,164
BILZ	PIMCO Ultra Short Government Active ETF	+15,969	957,658	$25,397,090
—		+8,773	17,547	$985,439
VEA	Vanguard FTSE Developed Markets ETF	+7,686	906,069	$64,557,416
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	+6,202	13,559	$1,955,765
UPST	Upstart Holdings, Inc.	+4,314	29,707	$1,052,519
T	At&T Inc.	+3,463	14,610	$302,427
CCJ	Cameco Corp	+1,327	12,906	$1,314,605
VIG	Vanguard Dividend Appreciation ETF	+612	7,289	$1,309,620
SBUX	Starbucks Corp	+510	105,495	$10,780,534
MSFT	Microsoft Corp	+454	14,514	$5,414,012
AAPL	Apple Inc.	+304	55,214	$15,976,723
VEU	Vanguard FTSE All-World Ex-US ETF	+256	61,931	$3,909,487
MU	Micron Technology Inc	+219	86,773	$100,161,206
GPRO	GoPro, Inc.	+163	11,532	$8,971
CSCO	Cisco Systems, Inc.	+162	10,768	$1,264,809
BRK-B	Berkshire Hathaway Inc	+134	7,163	$3,584,293
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SLV	iShares Silver Trust	−40,897	4,902	$262,109
NVDA	Nvidia Corp	−24,560	253,718	$50,766,434
IVZ	Invesco Ltd.	−5,063	14,300	$845,845
—		−2,232	451,355	$27,577,790
PCG	PG&E Corp	−1,251	46,587	$783,593
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	−1,119	78,368	$6,050,162
PG	PROCTER & GAMBLE Co	−908	2,160	$316,742
EDV	Vanguard World Funds Extended Duration ETF	−875	190,927	$24,869,644
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	−700	3,112	$592,898
SPY	Spdr S&P 500 ETF Trust	−384	5,233	$3,907,847
ABT	Abbott Laboratories	−372	2,409	$218,592
ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	−218	4,326	$402,793
INTU	Intuit Inc.	−212	2,392	$624,312
NFLX	Netflix Inc	−193	15,917	$1,136,473
AMAT	Applied Materials Inc /De	−168	5,193	$3,754,539
IBM	International Business Machines Corp	−164	1,412	$397,068
GILD	Gilead Sciences, Inc.	−152	3,554	$449,012
STT	State Street Corp	−137	3,952	$211,866
CGGR	Capital Group Growth ETF	−90	51,345	$2,423,484
—		−90	12,078	$222,839
CTVA	Corteva, Inc.	−77	3,420	$289,639
ORCL	Oracle Corp	−59	7,826	$1,146,900
SCHW	Schwab Charles Corp	−57	3,733	$344,443
ABBV	AbbVie Inc.	−43	2,676	$673,388
NEE	Nextera Energy Inc	−33	5,793	$508,451
No positions match the current search.

New Positions

Positions the filer opened this quarter

23 positions

Ticker	Company	Shares	Value
CIEN	Ciena Corp	6,686	$3,279,884
LITE	Lumentum Holdings Inc.	1,768	$1,517,050
BKF	iShares MSCI BIC ETF	18,268	$1,249,713
DBA	Invesco Db Agriculture Fund	45,221	$1,206,044
APH	Amphenol Corp /De/	1,345	$474,300
CRWD	CrowdStrike Holdings, Inc.	473	$360,965
KLAC	Kla Corp	1,020	$307,744
DELL	Dell Technologies Inc.	635	$273,977
GLW	Corning Inc /Ny	960	$245,212
UNH	Unitedhealth Group Inc	584	$242,727
FTNT	Fortinet, Inc.	1,577	$242,258
FIX	Comfort Systems USA Inc	122	$241,797
HWM	Howmet Aerospace Inc.	884	$237,672
KEYS	Keysight Technologies, Inc.	664	$232,446
SPCX	Space Exploration Technologies Corp	1,355	$231,515
C	Citigroup Inc	1,643	$229,954
SNPS	Synopsys Inc	502	$223,927
VZ	Verizon Communications Inc	5,179	$219,278
MO	Altria Group, Inc.	3,022	$217,432
TGTX	Tg Therapeutics, Inc.	3,948	$216,903
ASML	Asml Holding NV	108	$214,859
PSA	Public Storage	642	$204,355
DE	Deere & Co	320	$202,985
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
ERO	Ero Copper Corp.	179,577	$4,789,318
AEM	Agnico Eagle Mines Ltd	20,474	$4,155,812
VRT	Vertiv Holdings Co	15,616	$3,913,057
VALE	Vale S.A.	107,151	$1,704,772
HBM	Hudbay Minerals Inc.	18,601	$388,760
CRM	Salesforce, Inc.	1,471	$274,591
ISRG	Intuitive Surgical Inc	504	$232,338
WDAY	Workday, Inc.	1,589	$206,442
HON	Honeywell International Inc	899	$203,201
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

120 tracked positions · $1,470,592,799 total · filing declares 187 positions · $1,488,022,899 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 120 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
FNDA	Schwab Fundamental U.S. Small Company ETF	Added	19,921,613	+17,357	$636,573,394	+14.7%	43.29%
MU	Micron Technology Inc Technology	Added	86,773	+219	$100,161,206	+242.5%	6.81%
DCOR	Dimensional US Core Equity 1 ETF	Added	1,913,037	+65,859	$86,741,913	+15.2%	5.90%
BIV	Vanguard Intermediate-Term Bond ETF	Added	1,058,120	+19,013	$82,172,141	+1.2%	5.59%
AAXJ	iShares MSCI All Country Asia ex Japan ETF	Added	829,349	+16,406	$77,008,164	—	5.24%
VB	Vanguard Morningstar Small-Cap ETF	Added	533,228	+297,273	$73,455,180	+71.4%	4.99%
VEA	Vanguard FTSE Developed Markets ETF	Added	906,069	+7,686	$64,557,416	+12.1%	4.39%
NVDA	Nvidia Corp Technology	Reduced	253,718	-24,560	$50,766,434	+4.6%	3.45%
CWI	State Street SPDR MSCI ACWI ex-US ETF	Added	713,531	+19,047	$38,617,011	+11.7%	2.63%
		Reduced	451,355	-2,232	$27,577,790	+14.7%	1.88%
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	Added	852,165	+21,593	$25,939,170	+3.2%	1.76%
BILZ	PIMCO Ultra Short Government Active ETF	Added	957,658	+15,969	$25,397,090	+2.9%	1.73%
EDV	Vanguard World Funds Extended Duration ETF	Reduced	190,927	-875	$24,869,644	+16.6%	1.69%
ABM	Abm Industries Inc /De/ Industrials	Held	468,484	0	$20,725,732	+14.8%	1.41%
AAPL	Apple Inc. Technology	Added	55,214	+304	$15,976,723	+14.6%	1.09%
SBUX	Starbucks Corp Consumer Cyclical	Added	105,495	+510	$10,780,534	+14.6%	0.73%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	14,076	+7	$6,722,275	+41.4%	0.46%
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	Reduced	78,368	-1,119	$6,050,162	+8.5%	0.41%
MSFT	Microsoft Corp Technology	Added	14,514	+454	$5,414,012	+4.0%	0.37%
INTC	Intel Corp Technology	Added	36,374	+26,041	$5,078,901	+1013.8%	0.35%
AMZN	Amazon Com Inc Consumer Cyclical	Added	18,410	+79	$4,387,839	+14.9%	0.30%
VEU	Vanguard FTSE All-World Ex-US ETF	Added	61,931	+256	$3,909,487	+10.4%	0.27%
SPY	Spdr S&P 500 ETF Trust	Reduced	5,233	-384	$3,907,847	+7.0%	0.27%
AMAT	Applied Materials Inc /De Technology	Reduced	5,193	-168	$3,754,539	+104.9%	0.26%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	7,163	+134	$3,584,293	−12.3%	0.24%
CIEN	Ciena Corp Technology	NEW	6,686	NEW	$3,279,884	NEW	0.22%
CGGR	Capital Group Growth ETF	Reduced	51,345	-90	$2,423,484	+17.2%	0.16%
LHX	L3harris Technologies, Inc. /De/ Industrials	Added	7,746	+1	$2,250,910	−15.8%	0.15%
HD	Home Depot, Inc. Consumer Cyclical	Added	6,202	+13	$2,187,321	+7.5%	0.15%
JNJ	Johnson & Johnson Healthcare	Added	8,495	+15	$2,157,475	+4.1%	0.15%
IVOG	Vanguard S&P Mid-Cap 400 Growth ETF	Added	13,559	+6,202	$1,955,765	+47.0%	0.13%
AMD	Advanced Micro Devices Inc Technology	Added	2,774	+54	$1,611,444	+191.2%	0.11%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	3,819	-31	$1,606,271	+12.2%	0.11%
LITE	Lumentum Holdings Inc. Technology	NEW	1,768	NEW	$1,517,050	NEW	0.10%
WDC	Western Digital Corp Technology	Reduced	2,326	-22	$1,485,662	+133.9%	0.10%
LLY	ELI LILLY & Co Healthcare	Added	1,179	+8	$1,414,128	+31.3%	0.10%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	4,091	-22	$1,339,107	+10.7%	0.09%
CCJ	Cameco Corp Energy	Added	12,906	+1,327	$1,314,605	+4.5%	0.09%
VIG	Vanguard Dividend Appreciation ETF	Added	7,289	+612	$1,309,620	+23.2%	0.09%
ETN	Eaton Corp plc Industrials	Added	2,986	+12	$1,272,394	+19.6%	0.09%
CSCO	Cisco Systems, Inc. Technology	Added	10,768	+162	$1,264,809	+53.7%	0.09%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	1,342	+64	$1,255,400	−1.4%	0.09%
BKF	iShares MSCI BIC ETF	NEW	18,268	NEW	$1,249,713	NEW	0.08%
QCOM	Qualcomm Inc/De Technology	Added	6,695	+26	$1,237,169	+44.1%	0.08%
DBA	Invesco Db Agriculture Fund	NEW	45,221	NEW	$1,206,044	NEW	0.08%
AGNG	Global X Funds Global X Aging Population ETF	Added	26,743	+72	$1,168,669	−9.5%	0.08%
BAC	Bank Of America Corp /De/ Financial Services	Added	20,344	+71	$1,159,201	+17.3%	0.08%
ORCL	Oracle Corp Technology	Reduced	7,826	-59	$1,146,900	−1.1%	0.08%
NFLX	Netflix Inc Communication Services	Reduced	15,917	-193	$1,136,473	−26.6%	0.08%
UPST	Upstart Holdings, Inc. Financial Services	Added	29,707	+4,314	$1,052,519	+61.6%	0.07%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.