Gemmer Asset Management portfolio

What changed this quarter

128 positions with a change (18 new, 42 added to, 53 trimmed, 15 sold). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Ibonds OCT 2028 TT ETF+4.9 ppof portfolioNew
  — → 4.9%
• State Street SPDR Msci Eafe ETF−2.5 ppof portfolioSold out
  2.6% → —
• State Street SPDR P St C Corp ETF+92%more sharesIncreased
  1.7% → 4.3%
• Vanguard Intermediate-term B ETF−1.1 ppof portfolioSold out
  1.1% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Schwab International Equity ETFSCHF11.1%
• Schwab US Large-cap Growth ETFSCHG7.7%
• Schwab US Large-cap Value ETFSCHV7.3%
• Micron TechnologyMU6.0%
• Schwab Fndmntl US LRG Co ETFFNDX5.5%
• iShares Ibonds OCT 2028 TT ETFIBIE4.9%
• Vanguard Short-term Bond ETFBSV4.4%
• State Street SPDR P St C Corp ETFSPSB4.3%
• Vanguard Ftse Developed ETFVEA4.2%
• NVIDIANVDA3.8%
• Schwab US Small-cap ETFSCHA3.3%
• Schwab US Broad Market ETFSCHB2.1%
• Schwab US Mid Cap ETFSCHM1.9%
• State Street SPDR S&P 500 Foss FL ETFSPYX1.8%
• Pimco Multisector Bond Actv ETFPYLD1.6%
• Vanguard ESG US Stock ETFESGV1.6%
• Schwab Fndmntl US SM Co ETFFNDA1.5%
• ABM IndustriesABM1.5%
• Vanguard Mrngstar GR ETF-sui ETFVUG1.4%
• Vanguard Most Sm-cap ETF-usd ETFVB1.3%
• iShares ESG Msci KLD 400 ETFDSI1.3%
• Dimensional ETF TrustDFIC1.3%
• AppleAAPL1.2%
• Vanguard Mrngstr Val ETF-aui ETFVTV1.1%
• iShares 1-5y INV Grade ETFIGSB1.1%
• Schwab Emrg Mrkts Eqty ETFSCHE1.0%
• Dimensional ETF TrustDFAC0.9%
• Dimensional ETF TrustDFLV0.8%
• Dimensional ETF TrustDFAS0.7%
• Vanguard Index FundsVO0.7%
• StarbucksSBUX0.6%
• MicrosoftMSFT0.5%
• Dimensional ETF TrustDFUS0.5%
• Taiwan Semiconductor ManufacturingTSM0.4%
• Listed Funds TrMETV0.4%
• Tidal Trust IICHAT0.4%
• iShares ESG Aware Msci USA S ETFESML0.4%
• J P Morgan Exchange Traded FundJAVA0.4%
• iShares Msci Eafe ETFEFA0.4%
• iShares Core S&P 500 ETFIVV0.3%
• IntelINTC0.3%
• iShares 1-3 Year Treasury BO ETFSHY0.3%
• Amazon.comAMZN0.3%
• State Str Spdr S&P 500 ETF TSPY0.3%
• GoProGPRO0.3%
• Berkshire HathawayBRK/B0.2%
• iShares S&P 500 Value ETFIVE0.2%
• iShares Future AI & Tech ETFARTY0.2%
• iShares Russell 1000 ETFIWB0.2%
• Vanguard Index FundsVTI0.2%
• Applied MaterialsAMAT0.2%
• Vanguard International Equity Index FVWO0.2%
• Capital Group Growth ETFCGGR0.2%
• CienaCIEN0.2%
• Johnson & JohnsonJNJ0.1%
• IsharesEWY0.1%
• iShares S&P 500 Growth ETFIVW0.1%
• Eli LillyLLY0.1%
• L3harris TechnologiesLHX0.1%
• Lumentum HoldingsLITE0.1%
• Dimensional ETF TrustDFAE0.1%
• Advanced Micro DevicesAMD0.1%
• iShares Msci Emerging Market ETFEEM0.1%
• Dimensional ETF TrustDFEM0.1%
• Schwab 1000 Index ETFSCHK0.1%
• Western DigitalWDC0.1%
• Vanguard Admiral FundsVOOV0.1%
• TeslaTSLA0.1%
• EatonETN0.1%
• JPMorgan ChaseJPM0.1%
• Space Exploration TechnologiesSPCX0.1%
• QualcommQCOM0.1%
• Home DepotHD0.1%
• Costco WholesaleCOST0.1%
• Cisco SystemsCSCO0.1%
• CamecoCCJ0.1%
• Bank of AmericaBAC0.1%
• OracleORCL0.1%
• Enova InternationalENVA0.1%
• iShares Core S&P Small-cap E ETFIJR0.1%
• Vanguard Dividend Apprec ETFVIG0.1%
• RIO TintoRIO0.1%
• iShares Core S&P Total U.s ETFITOT0.1%
• ProShares S&P 500 Dividend A ETFNOBL0.1%
• Schwab US DVD Equity ETFSCHD0.1%
• MerckMRK0.1%
• iShares Core S&P Midcap ETFIJH0.1%
• ChevronCVX0.1%
• WalmartWMTunder 0.1%
• VisaVunder 0.1%
• AbbVieABBVunder 0.1%
• Upstart HoldingsUPSTunder 0.1%
• NetflixNFLXunder 0.1%
• Vanguard International Equity Index FVGKunder 0.1%
• Vanguard Admiral FundsVOOGunder 0.1%
• IntuitINTUunder 0.1%
• AmgenAMGNunder 0.1%
• Vanguard ESG International Stock ETFVSGXunder 0.1%
• State Street Technology Select Sector ETFXLKunder 0.1%
• Vanguard Russell 1000 Value ETFVONVunder 0.1%