Gemmer Asset Management LLC

CIK

1607825

Location

WALNUT CREEK, CA

Portfolio Value

Small $283,622,551

Diversification

Moderately concentrated

Filing Date

Global Rank

#921 / 2,968 ▲ 3283

Top Industry

Semiconductors 59.5%

3Y Alpha vs SPY

-5.7%

Period ended 29 days ago

Filed Jul 15, 2026 · 14d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+52.9%

SPY

+67.9%

Annualised alpha

-3.7%

Max drawdown

−25.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

35.3%

+11.0 pts

Top 5

70.0%

+10.3 pts

Top 10

79.0%

+7.9 pts

HHI

1,695

Moderately concentrated+687

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	71.8%	$203,621,120	29
Industrials	9.5%	$27,067,562	11
Consumer Cyclical	6.8%	$19,229,031	5
Financial Services	3.4%	$9,769,802	10
Healthcare	2.4%	$6,683,825	10
Unclassified	1.9%	$5,376,000	3
Energy	1.3%	$3,724,165	8
Consumer Defensive	1.2%	$3,402,887	6
Communication Services	0.7%	$1,961,654	4
Utilities	0.5%	$1,292,044	2
Basic Materials	0.5%	$1,290,106	2
Real Estate	0.1%	$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
INTC	Intel Corp	+26,041	36,374	$5,078,901
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
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
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	+135	7,163	$3,584,293
CVX	Chevron Corp	+115	4,207	$697,352
PM	Philip Morris International Inc.	+85	2,041	$369,237
DIS	Walt Disney Co	+82	3,153	$303,476
AMZN	Amazon Com Inc	+79	18,410	$4,387,839
BAC	Bank Of America Corp /De/	+71	20,344	$1,159,201
COST	Costco Wholesale Corp /New	+64	1,342	$1,255,400
WMT	Walmart Inc.	+62	7,728	$875,273
AMD	Advanced Micro Devices Inc	+54	2,774	$1,611,444
V	Visa Inc.	+53	2,849	$977,463
XOM	ExxonMobil Holdings Corp	+44	3,663	$500,805
COP	Conocophillips	+41	2,353	$244,617
QCOM	Qualcomm Inc/De	+26	6,695	$1,237,169
MS	Morgan Stanley	+23	1,928	$403,029
WMB	Williams Companies, Inc.	+17	3,190	$237,144
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
PCG	PG&E Corp	−1,251	46,587	$783,593
PG	PROCTER & GAMBLE Co	−908	2,160	$316,742
SPY	Spdr S&P 500 ETF Trust	−384	5,233	$3,907,847
ABT	Abbott Laboratories	−372	2,409	$218,592
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
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
TSLA	Tesla, Inc.	−31	3,819	$1,606,271
MCD	Mcdonalds Corp	−28	988	$267,066
PLTR	Palantir Technologies Inc.	−23	3,227	$376,494
MRK	Merck & Co., Inc.	−23	5,485	$704,822
WDC	Western Digital Corp	−22	2,326	$1,485,662
JPM	Jpmorgan Chase & Co	−22	4,091	$1,339,107
MA	Mastercard Inc	−20	786	$403,689
KO	Coca Cola Co	−16	4,538	$368,803
AMGN	Amgen Inc	−16	1,405	$508,778
No positions match the current search.

New Positions

Positions the filer opened this quarter

22 positions

Ticker	Company	Shares	Value
CIEN	Ciena Corp	6,686	$3,279,884
LITE	Lumentum Holdings Inc.	1,768	$1,517,050
DBA	Invesco Db Agriculture Fund	45,221	$1,206,044
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
APH	Amphenol Corp /De/	1,345	$237,150
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
CRWD	CrowdStrike Holdings, Inc.	473	$90,241
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

91 tracked positions · $283,622,551 total · 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 91 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MU	Micron Technology Inc Technology	Added	86,773	+219	$100,161,206	+242.5%	35.31%
NVDA	Nvidia Corp Technology	Reduced	253,718	-24,560	$50,766,434	+4.6%	17.90%
ABM	Abm Industries Inc /De/ Industrials	Held	468,484	0	$20,725,732	+14.8%	7.31%
AAPL	Apple Inc. Technology	Added	55,214	+304	$15,976,723	+14.6%	5.63%
SBUX	Starbucks Corp Consumer Cyclical	Added	105,495	+510	$10,780,534	+14.6%	3.80%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	14,076	+7	$6,722,275	+41.4%	2.37%
MSFT	Microsoft Corp Technology	Added	14,514	+454	$5,414,012	+4.0%	1.91%
INTC	Intel Corp Technology	Added	36,374	+26,041	$5,078,901	+1013.8%	1.79%
AMZN	Amazon Com Inc Consumer Cyclical	Added	18,410	+79	$4,387,839	+14.9%	1.55%
SPY	Spdr S&P 500 ETF Trust	Reduced	5,233	-384	$3,907,847	+7.0%	1.38%
AMAT	Applied Materials Inc /De Technology	Reduced	5,193	-168	$3,754,539	+104.9%	1.32%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	7,163	+135	$3,584,293	+6.4%	1.26%
CIEN	Ciena Corp Technology	NEW	6,686	NEW	$3,279,884	NEW	1.16%
LHX	L3harris Technologies, Inc. /De/ Industrials	Added	7,746	+1	$2,250,910	−15.8%	0.79%
HD	Home Depot, Inc. Consumer Cyclical	Added	6,202	+13	$2,187,321	+7.5%	0.77%
JNJ	Johnson & Johnson Healthcare	Added	8,495	+15	$2,157,475	+4.1%	0.76%
AMD	Advanced Micro Devices Inc Technology	Added	2,774	+54	$1,611,444	+191.2%	0.57%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	3,819	-31	$1,606,271	+12.2%	0.57%
LITE	Lumentum Holdings Inc. Technology	NEW	1,768	NEW	$1,517,050	NEW	0.53%
WDC	Western Digital Corp Technology	Reduced	2,326	-22	$1,485,662	+133.9%	0.52%
LLY	ELI LILLY & Co Healthcare	Added	1,179	+8	$1,414,128	+31.3%	0.50%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	4,091	-22	$1,339,107	+10.7%	0.47%
CCJ	Cameco Corp Energy	Added	12,906	+1,327	$1,314,605	+4.5%	0.46%
ETN	Eaton Corp plc Industrials	Added	2,986	+12	$1,272,394	+19.6%	0.45%
CSCO	Cisco Systems, Inc. Technology	Added	10,768	+162	$1,264,809	+53.7%	0.45%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	1,342	+64	$1,255,400	−1.4%	0.44%
QCOM	Qualcomm Inc/De Technology	Added	6,695	+26	$1,237,169	+44.1%	0.44%
DBA	Invesco Db Agriculture Fund	NEW	45,221	NEW	$1,206,044	NEW	0.43%
BAC	Bank Of America Corp /De/ Financial Services	Added	20,344	+71	$1,159,201	+17.3%	0.41%
ORCL	Oracle Corp Technology	Reduced	7,826	-59	$1,146,900	−1.1%	0.40%
NFLX	Netflix Inc Communication Services	Reduced	15,917	-193	$1,136,473	−26.6%	0.40%
UPST	Upstart Holdings, Inc. Financial Services	Added	29,707	+4,314	$1,052,519	+61.6%	0.37%
RIO	Rio Tinto PLC Basic Materials	Held	10,539	0	$1,000,467	+1.8%	0.35%
V	Visa Inc. Financial Services	Added	2,849	+53	$977,463	+15.7%	0.34%
WMT	Walmart Inc. Consumer Defensive	Added	7,728	+62	$875,273	−8.1%	0.31%
PCG	PG&E Corp Utilities	Reduced	46,587	-1,251	$783,593	−6.8%	0.28%
CAT	Caterpillar Inc Industrials	Added	706	+6	$751,819	+51.6%	0.27%
MRK	Merck & Co., Inc. Healthcare	Reduced	5,485	-23	$704,822	+6.4%	0.25%
CVX	Chevron Corp Energy	Added	4,207	+115	$697,352	−17.6%	0.25%
ABBV	AbbVie Inc. Healthcare	Reduced	2,676	-43	$673,388	+13.9%	0.24%
GEV	GE Vernova Inc. Industrials	Reduced	547	-3	$642,648	+33.9%	0.23%
INTU	Intuit Inc. Technology	Reduced	2,392	-212	$624,312	−44.6%	0.22%
AMGN	Amgen Inc Healthcare	Reduced	1,405	-16	$508,778	+1.8%	0.18%
NEE	Nextera Energy Inc Utilities	Reduced	5,793	-33	$508,451	−6.0%	0.18%
XOM	ExxonMobil Holdings Corp Energy	Added	3,663	+44	$500,805	−18.4%	0.18%
PANW	Palo Alto Networks Inc Technology	Added	1,380	+14	$470,607	+114.9%	0.17%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	3,554	-152	$449,012	−13.1%	0.16%
MA	Mastercard Inc Financial Services	Reduced	786	-20	$403,689	+0.2%	0.14%
MS	Morgan Stanley Financial Services	Added	1,928	+23	$403,029	+28.6%	0.14%
IBM	International Business Machines Corp Technology	Reduced	1,412	-164	$397,068	+3.9%	0.14%

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.