Baker Boyer National Bank
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Baker Boyer National Bank reported 73 stock positions worth $271.1 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 22.0% of the portfolio, followed by Vanguard Tax-Exempt Bond ETF (VTEB, 21.2%) and Dimensional World Ex US Core (DFAX, 16.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 9, added to 17 and reduced 25. The biggest buy was Dimensional World Ex US Core (DFAX, shares +1%) and the biggest sale Vanguard Mrngstr Val ETF-Aui (VTV, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- WALLA WALLA, WA
- CIK
- 0001079398
- Portfolio Value
- $271.1M (Q1 2025)
- SEC Filing
- 0001079398-25-000004 ↗ filed Apr 29, 2025
Holdings Value
Holdings 73 stocks · $271.1M
| DFAC Dimensional US Core Equity 2 | 22.00% | 1,807,945 | $59.6M | Add +0.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 21.24% | 1,160,626 | $57.6M | Reduce -8.0% |
| DFAX Dimensional World Ex US Core | 16.33% | 1,689,779 | $44.3M | Add +1.0% |
| DFUV Dimensional US Marketwide Va | 7.11% | 467,422 | $19.3M | Add +1.1% |
| FBND Fidelity Total Bond ETF | 6.89% | 409,123 | $18.7M | Add +5.2% |
| DFIV Dimensional International Va | 3.20% | 220,723 | $8.7M | Reduce -1.1% |
| DFAI Dimensional International Co. | 2.14% | 185,503 | $5.8M | Add +11.2% |
| VGIT Vanguard Intermediate-Term T | 1.85% | 84,650 | $5.0M | Reduce -16.8% |
| AAPL Apple Inc. | 1.47% | 17,964 | $4.0M | Reduce -9.4% |
| MSFT Microsoft Corp. | 1.20% | 8,666 | $3.3M | Add +4.3% |
| DFAE Dimensional Emerging Core Eq | 0.91% | 94,891 | $2.5M | Reduce -5.8% |
| IMOM Alpha Intl Quant Mom ETF | 0.87% | 83,613 | $2.4M | Add +12.9% |
| DFAS Dimensional US Small Cap ETF | 0.77% | 34,990 | $2.1M | Reduce -2.1% |
| VOO Vanguard S&P 500 ETF | 0.76% | 3,993 | $2.1M | Add +17.2% |
| COST Costco Wholesale Corp. | 0.62% | 1,791 | $1.7M | Reduce -19.9% |
| MTUM iShares MSCI USA Momentum Fa | 0.54% | 7,307 | $1.5M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.50% | 2,427 | $1.4M | No change |
| VEA Vanguard Ftse Developed ETF | 0.50% | 26,695 | $1.4M | Reduce -71.8% |
| JNJ Johnson & Johnson | 0.49% | 8,080 | $1.3M | Reduce -0.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.48% | 7,559 | $1.3M | Reduce -73.2% |
| DE Deere & Co. | 0.40% | 2,304 | $1.1M | Reduce -22.3% |
| VONG Vanguard Russell 1000 Growth | 0.39% | 11,249 | $1.0M | No change |
| VONV Vanguard Russell 1000 Value | 0.38% | 12,379 | $1.0M | No change |
| IWF iShares Russell 1000 Growth | 0.37% | 2,810 | $1.0M | No change |
| QVAL Alpha Arch US QNT Value ETF | 0.37% | 23,359 | $996K | Add +44.4% |
| MCD McDonald's Corp. | 0.35% | 3,048 | $952K | Reduce -0.8% |
| QMOM Alpha US Quant Mom ETF | 0.35% | 15,894 | $944K | Add +46.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 1,675 | $892K | No change |
| IEMG iShares Core MSCI Emerging | 0.32% | 16,202 | $874K | Reduce -14.0% |
| PG The Procter & Gamble Co. | 0.29% | 4,639 | $791K | Reduce -2.6% |
| HD Home Depot Inc. | 0.26% | 1,952 | $715K | No change |
| SO The Southern Co. | 0.26% | 7,691 | $707K | No change |
| IVAL Alpha Archi Intl QT Vlu ETF | 0.26% | 27,636 | $706K | Add +60.7% |
| META Meta Platforms Inc. Class A | 0.25% | 1,186 | $684K | No change |
| IBDT iShares Ibonds Dec 2028 ETF | 0.25% | 26,568 | $671K | Add +2.0% |
| AMZN Amazon.com Inc. | 0.23% | 3,271 | $622K | Reduce -26.4% |
| MA Mastercard Inc. Class A | 0.22% | 1,085 | $595K | No change |
| UNH Unitedhealth Group Inc. | 0.22% | 1,133 | $593K | Reduce -4.2% |
| HON Honeywell International Inc. | 0.20% | 2,585 | $547K | No change |
| GOOG Alphabet Inc. Class C | 0.20% | 3,473 | $543K | Reduce -46.4% |
| XOM Exxon Mobil Corp. | 0.20% | 4,469 | $531K | Reduce -0.8% |
| UNP Union Pacific Corp. | 0.19% | 2,197 | $519K | Add +10.6% |
| RTX RTX Corp. | 0.19% | 3,872 | $513K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.18% | 10,829 | $490K | Reduce -65.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 1,866 | $464K | No change |
| WM Waste Management Inc. | 0.17% | 1,979 | $458K | No change |
| ACN Accenture PLC Class A | 0.17% | 1,462 | $456K | No change |
| BA The Boeing Co. | 0.17% | 2,650 | $452K | Reduce -0.8% |
| V Visa Inc. Class A | 0.16% | 1,250 | $438K | No change |
| PCAR Paccar Inc. | 0.16% | 4,409 | $429K | No change |
| VTWO Vanguard Russell 2000 ETF | 0.16% | 5,249 | $423K | Add +78.6% |
| CVX Chevron Corp. | 0.15% | 2,411 | $403K | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.15% | 2,560 | $396K | Reduce -0.8% |
| DUK Duke Energy Corp. | 0.14% | 3,179 | $388K | No change |
| VXF Vanguard Extended Market ETF | 0.14% | 2,143 | $369K | No change |
| ED Consolidated Edison Inc. | 0.13% | 3,213 | $355K | No change |
| NKE Nike Inc. Class B | 0.13% | 5,339 | $339K | Add +3.9% |
| CAT Caterpillar Inc. | 0.12% | 1,001 | $330K | Add +5.9% |
| SYK Stryker Corp. | 0.12% | 851 | $317K | No change |
| ABBV Abbvie Inc. | 0.12% | 1,494 | $313K | No change |
| MUB iShares National Muni Bond E | 0.10% | 2,560 | $270K | No change |
| INTU Intuit Inc. | 0.10% | 430 | $264K | No change |
| DHR Danaher Corp. | 0.10% | 1,281 | $263K | No change |
| JPM JPMorgan Chase & Co. | 0.10% | 1,065 | $261K | Reduce -1.2% |
| NVDA Nvidia Corp. | 0.10% | 2,397 | $260K | Reduce -0.3% |
| VCRB Vanguard Core Bond ETF | 0.09% | 3,257 | $252K | No change |
| ABT Abbott Laboratories | 0.09% | 1,870 | $248K | No change |
| TSLA Tesla Inc. | 0.09% | 951 | $246K | Reduce -67.5% |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 2,694 | $227K | New |
| LOW Lowe's Cos Inc. | 0.08% | 946 | $221K | No change |
| MO Altria Group Inc. | 0.08% | 3,671 | $220K | New |
| ADBE Adobe Inc. | 0.08% | 540 | $207K | No change |
| AUR Aurora Innovation Inc. | 0.03% | 12,000 | $81K | New |
Portfolio Sells Q4 2024 → Q1 2025
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -73.2% | 0.48% | −1.17 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −1.11 |
| VEA Vanguard Ftse Developed ETF | Reduce -71.8% | 0.50% | −1.06 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -8.0% | 21.24% | −0.61 |
| TSLA Tesla Inc. | Reduce -67.5% | 0.09% | −0.32 |
| VWO Vanguard Ftse Emerging Marke | Reduce -65.5% | 0.18% | −0.30 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.26 |
| AAPL Apple Inc. | Reduce -9.4% | 1.47% | −0.24 |
| GOOG Alphabet Inc. Class C | Reduce -46.4% | 0.20% | −0.23 |
| VGIT Vanguard Intermediate-Term T | Reduce -16.8% | 1.85% | −0.18 |
| BOXX Alpha Architect 1-3 MNTH Box | Sold out | 0.00% | −0.18 |
| DFAT Dimensional US Target Value | Sold out | 0.00% | −0.14 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -26.4% | 0.23% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -19.9% | 0.62% | −0.08 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.08 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.08 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.07 |
| COMP Compass Inc. Class A | Sold out | 0.00% | −0.05 |
| DE Deere & Co. | Reduce -22.3% | 0.40% | −0.04 |
| DFAS Dimensional US Small Cap ETF | Reduce -2.1% | 0.77% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 0.15% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -14.0% | 0.32% | −0.02 |
| NVDA Nvidia Corp. | Reduce -0.3% | 0.10% | −0.02 |
| BA The Boeing Co. | Reduce -0.8% | 0.17% | +0.00 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 0.10% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -4.2% | 0.22% | +0.01 |
| PG The Procter & Gamble Co. | Reduce -2.6% | 0.29% | +0.02 |
| DFAE Dimensional Emerging Core Eq | Reduce -5.8% | 0.91% | +0.02 |
| CVX Chevron Corp. | Reduce -0.2% | 0.15% | +0.03 |
| XOM Exxon Mobil Corp. | Reduce -0.8% | 0.20% | +0.03 |
| MCD McDonald's Corp. | Reduce -0.8% | 0.35% | +0.04 |
| JNJ Johnson & Johnson | Reduce -0.7% | 0.49% | +0.09 |
| DFIV Dimensional International Va | Reduce -1.1% | 3.20% | +0.47 |
Portfolio Buys Q4 2024 → Q1 2025
| DFAX Dimensional World Ex US Core | Add +1.0% | 16.33% | +1.96 |
| FBND Fidelity Total Bond ETF | Add +5.2% | 6.89% | +0.86 |
| DFAC Dimensional US Core Equity 2 | Add +0.8% | 22.00% | +0.57 |
| DFUV Dimensional US Marketwide Va | Add +1.1% | 7.11% | +0.57 |
| DFAI Dimensional International Co. | Add +11.2% | 2.14% | +0.45 |
| IMOM Alpha Intl Quant Mom ETF | Add +12.9% | 0.87% | +0.19 |
| VOO Vanguard S&P 500 ETF | Add +17.2% | 0.76% | +0.12 |
| QVAL Alpha Arch US QNT Value ETF | Add +44.4% | 0.37% | +0.12 |
| IVAL Alpha Archi Intl QT Vlu ETF | Add +60.7% | 0.26% | +0.12 |
| QMOM Alpha US Quant Mom ETF | Add +46.3% | 0.35% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | New | 0.08% | +0.08 |
| MO Altria Group Inc. | New | 0.08% | +0.08 |
| VTWO Vanguard Russell 2000 ETF | Add +78.6% | 0.16% | +0.07 |
| UNP Union Pacific Corp. | Add +10.6% | 0.19% | +0.04 |
| AUR Aurora Innovation Inc. | New | 0.03% | +0.03 |
| MTUM iShares MSCI USA Momentum Fa | Add +1.0% | 0.54% | +0.03 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +2.0% | 0.25% | +0.02 |
| CAT Caterpillar Inc. | Add +5.9% | 0.12% | +0.00 |
| NKE Nike Inc. Class B | Add +3.9% | 0.13% | −0.01 |
| MSFT Microsoft Corp. | Add +4.3% | 1.20% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 94 | $364.1M | DFAC, DFAX, VTEB, DFUV, FBND |
| Q1 2026 | 91 | $332.8M | DFAC, DFAX, VTEB, DFUV, FBND |
| Q4 2025 | 94 | $331.2M | DFAC, VTEB, DFAX, DFUV, FBND |
| Q3 2025 | 80 | $301.0M | DFAC, VTEB, DFAX, DFUV, FBND |
| Q2 2025 | 78 | $290.0M | DFAC, VTEB, DFAX, DFUV, FBND |
| Q1 2025 | 73 | $271.1M | DFAC, VTEB, DFAX, DFUV, FBND |
| Q4 2024 | 79 | $289.5M | VTEB, DFAC, DFAX, DFUV, FBND |
| Q3 2024 | 78 | $298.0M | VTEB, DFAC, DFAX, DFUV, FBND |
| Q2 2024 | 74 | $286.2M | VTEB, DFAC, DFAX, DFUV, FBND |
| Q1 2024 | 80 | $290.4M | VTEB, DFAC, DFAX, DFUV, FBND |