Gemmer Asset Management LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Gemmer Asset Management LLC recently released its 13F holdings for the second quarter of 2023, and the comparison with the third quarter of 2023 reveals some interesting changes in their portfolio. In this article, we will analyze these changes and discuss the potential implications for Gemmer Asset Management and its investors.

One of the key findings in the comparison is that Gemmer Asset Management increased its holdings in certain stocks while reducing others. For example, they increased their holdings in SCHWAB STRATEGIC TR, with Q2 2023 shares at 1,238,841 and Q3 2023 shares at 1,251,115. This indicates a growth of around 1%, although the value of these holdings slightly decreased from $83,113 to $80,646.

Another significant change in Gemmer Asset Management's portfolio is the increase in their holdings of VANGUARD BD INDEX FDS. Their Q2 2023 shares were 625,009, and in Q3 2023, they increased to 650,610. This represents a growth of 3.5%, and the value of these holdings also increased from $47,231 to $48,906.

On the other hand, Gemmer Asset Management reduced its holdings in certain stocks. For example, their holdings in SCHWAB STRATEGIC TR decreased from 969,114 shares in Q2 2023 to 975,078 shares in Q3 2023. This represents a decrease of 4.9%, and the value of these holdings also decreased from $42,447 to $40,387.

It is important to note that not all changes in Gemmer Asset Management's portfolio were significant. For instance, their holdings in SCHWAB STRATEGIC TR (FNDX) remained relatively stable with Q2 2023 shares at 698,143 and Q3 2023 shares at 717,222. The value of these holdings also remained almost unchanged at $40,192 in Q2 2023 and $40,142 in Q3 2023.

Gemmer Asset Management also experienced some notable increases in the value of their holdings. For example, their holdings in NVIDIA CORPORATION (NVDA) showed significant growth, with the number of shares increasing from 2,842 in Q2 2023 to 23,335 in Q3 2023. The value of these holdings skyrocketed from $1,202 to $10,150, representing a staggering growth of 744.2%.

One of the most significant changes in Gemmer Asset Management's portfolio is their new holdings in SNOWFLAKE INC (SNOW). Although no shares were held in Q2 2023, they acquired 26,177 shares in Q3 2023. The value of these holdings is not available in the data, but it is evident that Gemmer Asset Management sees potential in this emerging company.

These changes in Gemmer Asset Management's holdings indicate a strategic adjustment in their investment strategy. By increasing their holdings in certain stocks and reducing others, they aim to optimize their portfolio and potentially generate higher returns for their investors. However, it is important to note that these changes are based on publicly available information, and the full investment strategy of Gemmer Asset Management may involve other factors not reflected in this data.

In conclusion, Gemmer Asset Management made several significant changes in its holdings between Q2 2023 and Q3 2023. While increasing their holdings in SCHWAB STRATEGIC TR and VANGUARD BD INDEX FDS, they reduced their holdings in SCHWAB STRATEGIC TR (FNDX). Additionally, the acquisition of shares in NVIDIA CORPORATION and SNOWFLAKE INC indicates a forward-thinking approach to capitalize on promising companies. These changes in Gemmer Asset Management's portfolio reflect their efforts to adapt to market conditions and potentially generate favorable investment results for their clients.