Gemmer Asset Management LLC

CIK

1607825

Location

WALNUT CREEK, CA

Portfolio Value

Small $199,157,967

Diversification

Diversified

Filing Date

Global Rank

#4,180 / 8,603 ▼ 170 · as of Mar 2026

Top Industry

Semiconductors 43.9%

3Y Alpha vs SPY

-5.0%

Period ended 3 months ago

Filed Apr 23, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+55.2%

SPY

+76.0%

Annualised alpha

-5.0%

Max drawdown

−24.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

77 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

24.4%

+0.3 pts

Top 5

59.8%

+1.4 pts

Top 10

71.3%

−5.9 pts

HHI

1,014

Diversified+34

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	55.7%	$110,947,414	20
Industrials	13.8%	$27,414,072	9
Consumer Cyclical	8.5%	$17,005,902	5
Basic Materials	6.2%	$12,314,578	6
Financial Services	4.2%	$8,375,919	9
Unclassified	3.4%	$6,773,702	2
Healthcare	3.0%	$6,028,459	9
Energy	1.7%	$3,409,137	7
Consumer Defensive	1.7%	$3,339,044	5
Communication Services	1.1%	$2,168,109	3
Utilities	0.7%	$1,381,631	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MU	Micron Technology Inc	+28,498	86,554	$29,241,403
SLV	iShares Silver Trust	+23,994	45,799	$3,120,743
VRT	Vertiv Holdings Co	+7,410	15,616	$3,913,057
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+6,303	14,069	$4,754,618
AMAT	Applied Materials Inc /De	+3,142	5,361	$1,832,336
UPST	Upstart Holdings, Inc.	+1,375	25,393	$651,330
KO	Coca Cola Co	+953	4,554	$346,331
MRK	Merck & Co., Inc.	+793	5,508	$662,557
CSCO	Cisco Systems, Inc.	+658	10,606	$822,919
JNJ	Johnson & Johnson	+595	8,480	$2,072,851
NEE	Nextera Energy Inc	+179	5,826	$541,118
T	At&T Inc.	+150	11,147	$323,151
GILD	Gilead Sciences, Inc.	+96	3,706	$516,505
PM	Philip Morris International Inc.	+88	1,956	$323,405
INTU	Intuit Inc.	+84	2,604	$1,125,917
IBM	International Business Machines Corp	+58	1,576	$382,006
AMD	Advanced Micro Devices Inc	+52	2,720	$553,329
GEV	GE Vernova Inc.	+26	550	$480,095
ABBV	AbbVie Inc.	+24	2,719	$591,355
MA	Mastercard Inc	+23	806	$402,725
COP	Conocophillips	+23	2,312	$305,184
PLTR	Palantir Technologies Inc.	+21	3,250	$475,410
AMGN	Amgen Inc	+18	1,421	$499,978
UNP	Union Pacific Corp	+15	1,012	$245,531
CAT	Caterpillar Inc	+13	700	$495,922
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−22,588	278,278	$48,531,683
QCOM	Qualcomm Inc/De	−3,637	6,669	$858,833
NFLX	Netflix Inc	−1,548	16,110	$1,548,976
SCHW	Schwab Charles Corp	−1,338	3,790	$356,184
PCG	PG&E Corp	−1,316	47,838	$840,513
AMZN	Amazon Com Inc	−651	18,331	$3,817,797
INTC	Intel Corp	−629	10,333	$455,995
TSLA	Tesla, Inc.	−402	3,850	$1,431,237
BAC	Bank Of America Corp /De/	−391	20,273	$988,308
MSFT	Microsoft Corp	−343	14,060	$5,204,590
HD	Home Depot, Inc.	−285	6,189	$2,035,500
AAPL	Apple Inc.	−258	54,910	$13,935,608
BRK-B	Berkshire Hathaway Inc	−195	7,028	$3,367,817
SBUX	Starbucks Corp	−159	104,985	$9,405,606
V	Visa Inc.	−150	2,796	$845,063
CRM	Salesforce, Inc.	−135	1,471	$274,591
ORCL	Oracle Corp	−130	7,885	$1,159,962
DIS	Walt Disney Co	−127	3,071	$295,982
GPRO	GoPro, Inc.	−94	11,369	$8,754
MCD	Mcdonalds Corp	−77	1,016	$315,762
SHOP	Shopify Inc.	−73	2,267	$268,911
CVX	Chevron Corp	−73	4,092	$846,634
JPM	Jpmorgan Chase & Co	−62	4,113	$1,209,880
LLY	ELI LILLY & Co	−55	1,171	$1,077,050
PG	PROCTER & GAMBLE Co	−44	3,068	$443,141
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
ERO	Ero Copper Corp.	179,577	$4,789,318
AEM	Agnico Eagle Mines Ltd	20,474	$4,155,812
VALE	Vale S.A.	107,151	$1,704,772
RIO	Rio Tinto PLC	10,539	$983,183
WDC	Western Digital Corp	2,348	$635,110
HBM	Hudbay Minerals Inc.	18,601	$388,760
VLO	Valero Energy Corp/Tx	986	$243,620
WMB	Williams Companies, Inc.	3,173	$230,930
PANW	Palo Alto Networks Inc	1,366	$218,997
EPD	Enterprise Products Partners L.P.	5,720	$216,444
HON	Honeywell International Inc	899	$213,110
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
EVI	Evi Industries, Inc.	1,022,495	$25,194,276
NOW	ServiceNow, Inc.	120,915	$18,522,968
APP	AppLovin Corp	12,422	$8,370,192
IBIT	iShares Bitcoin Trust ETF	10,420	$517,353
WFC	Wells Fargo & Company/Mn	2,535	$236,262
UNH	Unitedhealth Group Inc	714	$235,698
SNPS	Synopsys Inc	490	$230,162
TMO	Thermo Fisher Scientific Inc.	393	$227,723
CRWD	CrowdStrike Holdings, Inc.	463	$54,258
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

77 positions · $199,157,967 total · as of Mar 31, 2026

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

Showing 1–50 of 77 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	278,278	-22,588	$48,531,683	−13.5%	24.37%
MU	Micron Technology Inc Technology	Added	86,554	+28,498	$29,241,403	+76.5%	14.68%
ABM	Abm Industries Inc /De/ Industrials	Held	468,484	0	$18,046,003	−8.9%	9.06%
AAPL	Apple Inc. Technology	Reduced	54,910	-258	$13,935,608	−7.1%	7.00%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	104,985	-159	$9,405,606	+6.2%	4.72%
MSFT	Microsoft Corp Technology	Reduced	14,060	-343	$5,204,590	−25.3%	2.61%
ERO	Ero Copper Corp. Basic Materials	NEW	179,577	NEW	$4,789,318	NEW	2.40%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	14,069	+6,303	$4,754,618	+101.5%	2.39%
AEM	Agnico Eagle Mines Ltd Basic Materials	NEW	20,474	NEW	$4,155,812	NEW	2.09%
VRT	Vertiv Holdings Co Industrials	Added	15,616	+7,410	$3,913,057	+194.3%	1.96%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	18,331	-651	$3,817,797	−12.9%	1.92%
SPY	Spdr S&P 500 ETF Trust	Reduced	5,617	-42	$3,652,959	−5.3%	1.83%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	7,028	-195	$3,367,817	−7.2%	1.69%
SLV	iShares Silver Trust	Added	45,799	+23,994	$3,120,743	+122.2%	1.57%
LHX	L3harris Technologies, Inc. /De/ Industrials	Added	7,745	+2	$2,673,186	+17.6%	1.34%
JNJ	Johnson & Johnson Healthcare	Added	8,480	+595	$2,072,851	+27.0%	1.04%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	6,189	-285	$2,035,500	−8.6%	1.02%
AMAT	Applied Materials Inc /De Technology	Added	5,361	+3,142	$1,832,336	+221.3%	0.92%
VALE	Vale S.A. Basic Materials	NEW	107,151	NEW	$1,704,772	NEW	0.86%
NFLX	Netflix Inc Communication Services	Reduced	16,110	-1,548	$1,548,976	−6.4%	0.78%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	3,850	-402	$1,431,237	−25.2%	0.72%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,278	-37	$1,273,437	+12.3%	0.64%
CCJ	Cameco Corp Energy	Held	11,579	0	$1,257,595	+18.7%	0.63%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	4,113	-62	$1,209,880	−10.1%	0.61%
ORCL	Oracle Corp Technology	Reduced	7,885	-130	$1,159,962	−25.7%	0.58%
INTU	Intuit Inc. Technology	Added	2,604	+84	$1,125,917	−32.6%	0.57%
LLY	ELI LILLY & Co Healthcare	Reduced	1,171	-55	$1,077,050	−18.3%	0.54%
ETN	Eaton Corp plc Industrials	Added	2,974	+7	$1,063,710	+12.6%	0.53%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	20,273	-391	$988,308	−13.0%	0.50%
RIO	Rio Tinto PLC Basic Materials	NEW	10,539	NEW	$983,183	NEW	0.49%
WMT	Walmart Inc. Consumer Defensive	Reduced	7,666	-36	$952,730	+11.0%	0.48%
QCOM	Qualcomm Inc/De Technology	Reduced	6,669	-3,637	$858,833	−51.3%	0.43%
CVX	Chevron Corp Energy	Reduced	4,092	-73	$846,634	+33.4%	0.43%
V	Visa Inc. Financial Services	Reduced	2,796	-150	$845,063	−18.2%	0.42%
PCG	PG&E Corp Utilities	Reduced	47,838	-1,316	$840,513	+6.4%	0.42%
CSCO	Cisco Systems, Inc. Technology	Added	10,606	+658	$822,919	+7.4%	0.41%
MRK	Merck & Co., Inc. Healthcare	Added	5,508	+793	$662,557	+33.5%	0.33%
UPST	Upstart Holdings, Inc. Financial Services	Added	25,393	+1,375	$651,330	−38.0%	0.33%
WDC	Western Digital Corp Technology	NEW	2,348	NEW	$635,110	NEW	0.32%
ABBV	AbbVie Inc. Healthcare	Added	2,719	+24	$591,355	−4.0%	0.30%
AMD	Advanced Micro Devices Inc Technology	Added	2,720	+52	$553,329	−3.2%	0.28%
NEE	Nextera Energy Inc Utilities	Added	5,826	+179	$541,118	+19.4%	0.27%
GILD	Gilead Sciences, Inc. Healthcare	Added	3,706	+96	$516,505	+16.6%	0.26%
AMGN	Amgen Inc Healthcare	Added	1,421	+18	$499,978	+8.9%	0.25%
CAT	Caterpillar Inc Industrials	Added	700	+13	$495,922	+26.0%	0.25%
GEV	GE Vernova Inc. Industrials	Added	550	+26	$480,095	+40.2%	0.24%
PLTR	Palantir Technologies Inc. Technology	Added	3,250	+21	$475,410	−17.2%	0.24%
INTC	Intel Corp Technology	Reduced	10,333	-629	$455,995	+12.7%	0.23%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	3,068	-44	$443,141	−0.6%	0.22%
MA	Mastercard Inc Financial Services	Added	806	+23	$402,725	−9.9%	0.20%