Form 13-F position report

VANGUARD BD INDEX FDS

Reported by Gemmer Asset Management LLC

BSV CUSIP 921937827 Manager CIK 0001607825

Reported 745,271 shares, up 27,620 (3.8%) from the prior quarter.

Reported value 3.7%; share count 3.8% vs. the prior quarter.

Added
% of reported 13F value 4.52% This manager · Q4 2025
Shares 745,271 Quarter-end amount reported
Reported value $58,734,863 Fair value at quarter end
Consecutive quarters held 47 Through Q4 2025

Reported position value by quarter

Reported position value by quarter

Each bar is a Form 13-F quarter-end snapshot. It does not show trades made within the quarter.

Reported position value by quarter
Date Holding Value
2021-12-31 38815000
2022-03-31 41552000
2022-06-30 49719000
2022-09-30 50730000
2022-12-31 46353206
2023-03-31 48311407
2023-06-30 47231961
2023-09-30 48906377
2023-12-31 46287818
2024-03-31 49449825
2024-06-30 52241460
2024-09-30 43265709
2024-12-31 46943009
2025-03-31 50430526
2025-06-30 53513766
2025-09-30 56629913
2025-12-31 58734863
2026-03-31 64330847
2026-06-30 65311654
2026-09-30 67169371

Quarterly position history

How this manager's reported quarter-end position changed over time.

20 quarters
Quarterly reported position history for VANGUARD BD INDEX FDS held by Gemmer Asset Management LLC.
Quarter Activity Shares Change % of reported 13F Reported value Filed Source filing
Q3 2026 Added 879,180 +40,884 (4.9%) 4.38% $67,169,371 2026-10-16
Q2 2026 Added 838,296 +17,854 (2.2%) 4.39% $65,311,654 2026-07-15
Q1 2026 Added 820,442 +75,171 (10.1%) 5.08% $64,330,847 2026-04-23
Q4 2025 Added 745,271 +27,620 (3.8%) 4.52% $58,734,863 2026-01-23
Q3 2025 Added 717,651 +37,679 (5.5%) 4.56% $56,629,913 2025-10-15
Q2 2025 Added 679,972 +35,739 (5.5%) 4.75% $53,513,766 2025-07-22
Q1 2025 Added 644,233 +36,714 (6.0%) 5.03% $50,430,526 2025-04-14
Q4 2024 Added 607,519 +57,694 (10.5%) 4.62% $46,943,009 2025-01-16
Q3 2024 Reduced 549,825 -131,289 (-19.3%) 4.33% $43,265,709 2024-10-24
Q2 2024 Added 681,114 +36,144 (5.6%) 5.59% $52,241,460 2024-07-16
Q1 2024 Added 644,970 +43,986 (7.3%) 5.74% $49,449,825 2024-04-24
Q4 2023 Reduced 600,984 -49,626 (-7.6%) 5.68% $46,287,818 2024-01-17
Q3 2023 Added 650,610 +25,601 (4.1%) 6.6% $48,906,377 2023-10-19
Q2 2023 Reduced 625,009 -6,595 (-1.0%) 6.42% $47,231,961 2023-07-20
Q1 2023 Added 631,604 +15,860 (2.6%) 7.06% $48,311,407 2023-04-17
Q4 2022 Reduced 615,744 -62,281 (-9.2%) 7.33% $46,353,206 2023-01-20
Q3 2022 Added 678,025 +30,558 (4.7%) 8.45% $50,730,000 2022-10-21
Q2 2022 Added 647,467 +114,059 (21.4%) 7.77% $49,719,000 2022-07-22
Q1 2022 Added 533,408 +53,200 (11.1%) 5.1% $41,552,000 2022-04-20
Q4 2021 Added 480,208 +82,702 (20.8%) 4.58% $38,815,000 2022-01-21
Five years are shown. A free account unlocks the complete reported history. Unlock full history

Who else reported the position

1401 managers reported VANGUARD BD INDEX FDS for Q4 2025.

Managers reporting VANGUARD BD INDEX FDS in Q4 2025.
Manager Activity Shares Change % of reported 13F Reported value Tenure
MERCER GLOBAL ADVISORS INC ADV Added 41,443,879 +3,590,668 4.98% $3,266,192,111 28 qtrs
JPMorgan Chase & Co Added 32,337,635 +7,213,590 0.16% $2,548,529,145 51 qtrs
MORGAN STANLEY Reduced 30,553,571 -8,046,456 0.14% $2,407,927,064 51 qtrs
Creative Planning Added 26,106,715 +25,588,041 1.47% $2,057,470,175 51 qtrs
ENVESTNET ASSET MANAGEMENT INC Reduced 24,510,369 -3,468,235 0.57% $1,931,662,183 51 qtrs
Empower Advisory Group LLC Added 20,972,198 +1,440,858 4.46% $1,652,818,897 12 qtrs
Allworth Financial LP Added 19,624,938 +464,718 6.34% $1,546,641,429 44 qtrs
The Goldman Sachs Group Inc Added 18,536,725 +1,327,360 0.18% $1,460,879,302 51 qtrs
NORTHERN TRUST CORPORATION Added 11,403,361 +593,220 0.11% $898,698,881 24 qtrs
Bank of America Corporation Added 9,798,353 +601,169 0.06% $772,208,206 51 qtrs
Premium adds each manager's conviction percentile across reporting peers.
Filing details and methodology As reported
Report period
December 31, 2025
Filed
January 23, 2026
Filing type
13F-HR
Position type
SHORT TRM BOND

Voting authority reported

No voting-authority amounts were reported for this position. Voting authority is not required for reported call options.

Form 13-F is a delayed quarter-end snapshot of disclosed long Section 13(f) securities. It can be filed up to 45 days after quarter end, excludes short positions and most non-U.S. securities, and does not reveal intra-quarter trading. For options, reported shares and value describe the underlying-share exposure; strike, expiry, premium, and written positions are not disclosed.