Gemmer Asset Management 13F: New $337K Stake in CBRS

Gemmer Asset Management has taken a new position in Cerebras Systems Inc. (CBRS) by acquiring 1,898 shares valued at approximately $337,180, according to its latest Form 13F filing on October 16, 2026. This marks a new entry for the fund as it did not hold any shares before this investment.

What Changed in Gemmer Asset Management's Cerebras Systems Position

The fund's new position consists of 1,898 shares, reflecting an initial investment in the company. Since this is a new buy, there is no percent change to report, but this move adds a significant stake to Gemmer's portfolio as they continue to diversify their investments.

Other Institutional Activity in Cerebras Systems

Several other institutional investors have also shown strong interest in Cerebras Systems. Eclipse Operations, LLC owns 11,446,270 shares worth about $1.46 billion, having increased its holdings by 5,723,135 shares. FMR, LLC holds 8,435,095 shares valued at approximately $1.07 billion after adding 4,217,548 shares. Altimeter Capital Management, LP owns 7,225,037 shares worth around $919.1 million, with an increase of 3,612,518 shares. Coatue Management LLC has 7,011,028 shares valued at about $891.9 million, adding 3,505,514 shares. Lastly, Capital World Investors holds 3,894,458 shares worth about $495.4 million, growing its stake by 1,947,229 shares.

Cerebras Systems Inc. Stock Down 9.4%

As of October 16, 2026, Cerebras Systems is trading around $128.24. This price is significantly below its 50-day moving average of $195.14 and its 200-day average of $207.91, suggesting that the stock has faced some challenges recently. Additionally, it is down about 66.8% from its 52-week high of $386.34.

Recent Earnings

Cerebras Systems reported trailing twelve-month revenue of $680.7 million. However, the company has been struggling with a net margin of -75.3%. The next earnings report is expected on November 10, 2026.

Insider Buying and Selling at Cerebras Systems Inc.

Several insiders have recently purchased shares in the company. Chief Technology Officer Sean Lie bought 10,033 shares on June 25, 2026. Chief Accounting Officer Yagnesh Patel acquired 10,079 shares on the same date. CEO Andrew Feldman also purchased 17,990 shares. Notably, Chief Operating Officer Dhiraj Mallick sold 49,445 shares around the same time, with an average price of $173.48.

Analysts Set New Price Targets

Analysts remain optimistic about Cerebras Systems. On August 13, 2026, UBS maintained a "Buy" rating with a price target of $330. Rosenblatt and Needham also reiterated their "Buy" ratings with targets of $300. Freedom Capital Markets upgraded its rating to "Buy" with a target of $209 on October 2, 2026.

About Cerebras Systems

Cerebras Systems Inc. designs and manufactures artificial intelligence infrastructure. It creates AI compute platforms featuring proprietary systems and software. The company is known for its wafer-scale engine, which aims to provide higher performance and speeds than traditional GPUs in AI applications. This new stake from Gemmer Asset Management reflects a growing interest in companies involved in advanced AI technologies.

Bottom Line

Cerebras Systems continues to attract institutional interest, highlighted by Gemmer Asset Management's new position. The next earnings report on November 10, 2026, will be crucial for understanding the company's financial health moving forward. Keep in mind that the filing reflects holdings as of the reporting period and may not represent the fund's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.