Gemmer Asset Management LLC Q4 2022 vs. Q1 2023: A Comprehensive Comparison of 13F Holdings

For anyone who is interested in tracking investment portfolios of institutional investment managers, Form 13F is the ideal place to start. It is a regulatory filing that provides detailed information about a manager's current holdings, investment strategies, and recent transactions. In this article, we will focus on Gemmer Asset Management LLC's Q4 2022 and Q1 2023 13F holdings and compare the changes made by this investment management firm in the last quarter.

Gemmer Asset Management LLC is an investment advisor that manages money for individuals, high net worth individuals, pension and profit-sharing plans, trusts, estates, and corporations. As of Q4 2022, Gemmer Asset Management LLC had a portfolio value of $413.24 million, which decreased to $408.27 million in Q1 2023, indicating a decline of 1.20 percent. Let's dive into the top holdings of Gemmer Asset Management LLC that have changed significantly over the last quarter.

Schwab Strategic Trust (SCHF)

The company's shares in Schwab Strategic Trust (SCHF) rose from 1,913,526 in Q4 2022 to 1,999,429 in Q1 2023, representing an increase of 12.9 percent. Meanwhile, the value of this holding increased from $61.63 million to $69.58 million, indicating a positive growth in the value of this asset.

Vanguard Tax-Managed Funds (VEA)

Gemmer Asset Management LLC's stake in Vanguard Tax-Managed Funds (VEA) rose from 802,865 in Q4 2022 to 807,126 in Q1 2023, accounting for an increase of 8.2 percent. Similarly, its value increased from $33.69 million to $36.46 million, reflecting a bullish sentiment towards this asset.

Schwab Strategic Trust (SCHA)

The company's shares in Schwab Strategic Trust (SCHA) rose from 896,439 in Q4 2022 to 925,139 in Q1 2023, representing an increase of 6.8 percent. Meanwhile, the value of this holding increased from $36.31 million to $38.79 million, indicating a positive growth in the value of this asset.

SPDR Series Trust (SPSB)

Gemmer Asset Management LLC's stake in SPDR Series Trust (SPSB) remained relatively unchanged, rising from 799,755 to 798,954 in Q1 2023, representing a negligible decrease of 0.7 percent. However, its value increased from $23.50 million to $23.67 million, indicating a slight positive growth in the value of this asset.

Abm Industries Incorporated (ABM)

The company's shares in Abm Industries Incorporated (ABM) remained flat, with the number of shares held being 474,057 in both Q4 2022 and Q1 2023. However, the value of this holding increased from $21.06 million to $21.30 million, indicating a bullish sentiment towards this asset.

EVI Industries Inc (EVI)

The company's shares in EVI Industries Inc (EVI) decreased from 1,022,495 in Q4 2022 to 1,022,495 in Q1 2023, representing a decrease of 17.1 percent. Additionally, its value decreased from $24.41 million to $20.25 million, indicating a bearish sentiment towards this asset.

In general, the Q4 2022 to Q1 2023 period has seen a mixed response from Gemmer Asset Management LLC in terms of their 13F Holdings. While the company's bullish sentiment towards Schwab Strategic Trust (SCHF), Vanguard Tax-Managed Funds (VEA), and Schwab Strategic Trust (SCHA) indicates optimism, the bearish sentiment towards EVI Industries Inc (EVI) implies a more cautious approach. It will be interesting to see how Gemmer Asset Management LLC's 13F holdings evolve in the coming quarters, and we will continue to keep a close eye on their investment strategy.