Baker Boyer National Bank

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), Baker Boyer National Bank reported 78 stock positions worth $290.0 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 22.4% of the portfolio, followed by Vanguard Tax-Exempt Bond ETF (VTEB, 21.2%) and Dimensional World Ex US Core (DFAX, 17.1%). Compared with Q1 2025, it opened 6 new positions, sold out of 1, added to 17 and reduced 19. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +0%) and the biggest sale Vanguard Intermediate-Term T (VGIT, shares −27%).

Most Recent 13F
Q2 2026
Location
WALLA WALLA, WA
CIK
0001079398
Portfolio Value
$290.0M (Q2 2025)
SEC Filing
0001079398-25-000007 ↗ filed Jul 28, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $290.4M Q1 2024 Q2 2024: $286.2M Q2 2024 Q3 2024: $298.0M Q3 2024 Q4 2024: $289.5M Q4 2024 Q1 2025: $271.1M Q1 2025 Q2 2025: $290.0M $290.0M Q2 2025 Q3 2025: $301.0M Q3 2025 Q4 2025: $331.2M Q4 2025 Q1 2026: $332.8M Q1 2026 Q2 2026: $364.1M Q2 2026

Holdings 78 stocks · $290.0M
DFAC Dimensional US Core Equity 2 22.40% 1,811,981 $64.9M Add +0.2%
VTEB Vanguard Tax-Exempt Bond ETF 21.16% 1,251,508 $61.4M Add +7.8%
DFAX Dimensional World Ex US Core 17.10% 1,688,504 $49.6M Reduce -0.1%
DFUV Dimensional US Marketwide Va 6.62% 454,213 $19.2M Reduce -2.8%
FBND Fidelity Total Bond ETF 6.59% 417,494 $19.1M Add +2.0%
DFIV Dimensional International Va 3.20% 216,438 $9.3M Reduce -1.9%
DFAI Dimensional International Co. 2.18% 182,578 $6.3M Reduce -1.6%
MSFT Microsoft Corp. 1.48% 8,656 $4.3M Reduce -0.1%
VGIT Vanguard Intermediate-Term T 1.28% 62,119 $3.7M Reduce -26.6%
AAPL Apple Inc. 1.27% 18,011 $3.7M Add +0.3%
IMOM Alpha Intl Quant Mom ETF 0.97% 82,824 $2.8M Reduce -0.9%
DFAE Dimensional Emerging Core Eq 0.92% 92,586 $2.7M Reduce -2.4%
DFAS Dimensional US Small Cap ETF 0.75% 34,227 $2.2M Reduce -2.2%
VOO Vanguard S&P 500 ETF 0.70% 3,563 $2.0M Reduce -10.8%
COST Costco Wholesale Corp. 0.70% 2,037 $2.0M Add +13.7%
MTUM iShares MSCI USA Momentum Fa 0.61% 7,307 $1.8M No change
VEA Vanguard Ftse Developed ETF 0.54% 27,267 $1.6M Add +2.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.46% 7,556 $1.3M Reduce -0.0%
VONG Vanguard Russell 1000 Growth 0.42% 11,249 $1.2M No change
IWF iShares Russell 1000 Growth 0.41% 2,810 $1.2M No change
DE Deere & Co. 0.40% 2,304 $1.2M No change
JNJ Johnson & Johnson 0.37% 6,980 $1.1M Reduce -13.6%
QMOM Alpha US Quant Mom ETF 0.37% 16,405 $1.1M Add +3.2%
QVAL Alpha Arch US QNT Value ETF 0.37% 24,171 $1.1M Add +3.5%
VONV Vanguard Russell 1000 Value 0.36% 12,379 $1.1M No change
IEMG iShares Core MSCI Emerging 0.32% 15,283 $917K Reduce -5.7%
MCD McDonald's Corp. 0.31% 3,048 $891K No change
META Meta Platforms Inc. Class A 0.29% 1,144 $844K Reduce -3.5%
BRK.B Berkshire Hathaway Inc. Class B 0.28% 1,675 $814K No change
IVAL Alpha Archi Intl QT Vlu ETF 0.27% 28,366 $791K Add +2.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 1,278 $790K Reduce -47.3%
PG The Procter & Gamble Co. 0.25% 4,639 $739K No change
AMZN Amazon.com Inc. 0.25% 3,271 $718K No change
HD Home Depot Inc. 0.25% 1,952 $716K No change
SO The Southern Co. 0.24% 7,582 $696K Reduce -1.4%
IBDT iShares Ibonds Dec 2028 ETF 0.23% 26,807 $681K Add +0.9%
MA Mastercard Inc. Class A 0.21% 1,085 $610K No change
GOOG Alphabet Inc. Class C 0.21% 3,416 $606K Reduce -1.6%
HON Honeywell International Inc. 0.21% 2,585 $602K No change
RTX RTX Corp. 0.20% 3,872 $565K No change
BA The Boeing Co. 0.19% 2,650 $555K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 1,866 $550K No change
VWO Vanguard Ftse Emerging Marke 0.19% 11,030 $546K Add +1.9%
UNP Union Pacific Corp. 0.17% 2,197 $505K No change
XOM Exxon Mobil Corp. 0.17% 4,570 $493K Add +2.3%
CVX Chevron Corp. 0.16% 3,251 $466K Add +34.8%
VTWO Vanguard Russell 2000 ETF 0.16% 5,254 $458K Add +0.1%
WM Waste Management Inc. 0.16% 1,979 $453K No change
GOOGL Alphabet Inc. Class A 0.16% 2,560 $451K No change
V Visa Inc. Class A 0.15% 1,250 $444K No change
ACN Accenture PLC Class A 0.15% 1,462 $437K No change
NVDA Nvidia Corp. 0.15% 2,739 $433K Add +14.3%
PCAR Paccar Inc. 0.14% 4,409 $419K No change
CAT Caterpillar Inc. 0.13% 1,001 $389K No change
NKE Nike Inc. Class B 0.13% 5,339 $379K No change
DUK Duke Energy Corp. 0.13% 3,179 $375K No change
TSLA Tesla Inc. 0.12% 1,115 $354K Add +17.3%
UNH Unitedhealth Group Inc. 0.12% 1,133 $353K No change
PLTR Palantir Technologies Inc. Class A 0.12% 2,544 $347K Reduce -5.6%
INTU Intuit Inc. 0.12% 430 $339K No change
SYK Stryker Corp. 0.12% 851 $337K No change
ED Consolidated Edison Inc. 0.11% 3,213 $322K No change
XLK SS Technology Select Sector 0.11% 1,251 $317K New
JPM JPMorgan Chase & Co. 0.11% 1,065 $309K No change
ABBV Abbvie Inc. 0.10% 1,494 $277K No change
MUB iShares National Muni Bond E 0.09% 2,560 $267K No change
ABT Abbott Laboratories 0.09% 1,870 $254K No change
DHR Danaher Corp. 0.09% 1,281 $253K No change
VCRB Vanguard Core Bond ETF 0.09% 3,257 $253K No change
CARR Carrier Global Corp. 0.08% 3,107 $227K New
AMD Advanced Micro Devices 0.08% 1,571 $223K New
MO Altria Group Inc. 0.08% 3,779 $222K Add +2.9%
WMT Walmart Inc. 0.08% 2,258 $221K New
CSCO Cisco Systems Inc. 0.08% 3,146 $218K New
LOW Lowe's Cos Inc. 0.07% 946 $210K No change
ADBE Adobe Inc. 0.07% 540 $209K No change
VXF Vanguard Extended Market ETF 0.07% 1,071 $206K Reduce -50.0%
TT Trane Technologies PLC 0.07% 466 $204K New

Portfolio Sells Q1 2025 → Q2 2025
VGIT Vanguard Intermediate-Term T Reduce -26.6% 1.28% −0.57
DFUV Dimensional US Marketwide Va Reduce -2.8% 6.62% −0.48
SPY SS SPDR S&P 500 ETF Trust-US Reduce -47.3% 0.27% −0.23
JNJ Johnson & Johnson Reduce -13.6% 0.37% −0.13
VXF Vanguard Extended Market ETF Reduce -50.0% 0.07% −0.07
VOO Vanguard S&P 500 ETF Reduce -10.8% 0.70% −0.06
AUR Aurora Innovation Inc. Sold out 0.00% −0.03
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.0% 0.46% −0.02
SO The Southern Co. Reduce -1.4% 0.24% −0.02
DFAS Dimensional US Small Cap ETF Reduce -2.2% 0.75% −0.02
DFIV Dimensional International Va Reduce -1.9% 3.20% −0.01
IEMG iShares Core MSCI Emerging Reduce -5.7% 0.32% −0.01
GOOG Alphabet Inc. Class C Reduce -1.6% 0.21% +0.01
DFAE Dimensional Emerging Core Eq Reduce -2.4% 0.92% +0.02
PLTR Palantir Technologies Inc. Class A Reduce -5.6% 0.12% +0.04
META Meta Platforms Inc. Class A Reduce -3.5% 0.29% +0.04
DFAI Dimensional International Co. Reduce -1.6% 2.18% +0.04
IMOM Alpha Intl Quant Mom ETF Reduce -0.9% 0.97% +0.10
MSFT Microsoft Corp. Reduce -0.1% 1.48% +0.28
DFAX Dimensional World Ex US Core Reduce -0.1% 17.10% +0.77

Portfolio Buys Q1 2025 → Q2 2025
DFAC Dimensional US Core Equity 2 Add +0.2% 22.40% +0.40
XLK SS Technology Select Sector New 0.11% +0.11
CARR Carrier Global Corp. New 0.08% +0.08
AMD Advanced Micro Devices New 0.08% +0.08
WMT Walmart Inc. New 0.08% +0.08
CSCO Cisco Systems Inc. New 0.08% +0.08
COST Costco Wholesale Corp. Add +13.7% 0.70% +0.07
TT Trane Technologies PLC New 0.07% +0.07
NVDA Nvidia Corp. Add +14.3% 0.15% +0.05
VEA Vanguard Ftse Developed ETF Add +2.1% 0.54% +0.04
TSLA Tesla Inc. Add +17.3% 0.12% +0.03
QMOM Alpha US Quant Mom ETF Add +3.2% 0.37% +0.02
IVAL Alpha Archi Intl QT Vlu ETF Add +2.6% 0.27% +0.01
CVX Chevron Corp. Add +34.8% 0.16% +0.01
VWO Vanguard Ftse Emerging Marke Add +1.9% 0.19% +0.01
VTWO Vanguard Russell 2000 ETF Add +0.1% 0.16% +0.00
QVAL Alpha Arch US QNT Value ETF Add +3.5% 0.37% −0.00
MO Altria Group Inc. Add +2.9% 0.08% −0.00
IBDT iShares Ibonds Dec 2028 ETF Add +0.9% 0.23% −0.01
XOM Exxon Mobil Corp. Add +2.3% 0.17% −0.03
VTEB Vanguard Tax-Exempt Bond ETF Add +7.8% 21.16% −0.08
AAPL Apple Inc. Add +0.3% 1.27% −0.20
FBND Fidelity Total Bond ETF Add +2.0% 6.59% −0.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 94$364.1MDFAC, DFAX, VTEB, DFUV, FBND
Q1 2026 91$332.8MDFAC, DFAX, VTEB, DFUV, FBND
Q4 2025 94$331.2MDFAC, VTEB, DFAX, DFUV, FBND
Q3 2025 80$301.0MDFAC, VTEB, DFAX, DFUV, FBND
Q2 2025 78$290.0MDFAC, VTEB, DFAX, DFUV, FBND
Q1 2025 73$271.1MDFAC, VTEB, DFAX, DFUV, FBND
Q4 2024 79$289.5MVTEB, DFAC, DFAX, DFUV, FBND
Q3 2024 78$298.0MVTEB, DFAC, DFAX, DFUV, FBND
Q2 2024 74$286.2MVTEB, DFAC, DFAX, DFUV, FBND
Q1 2024 80$290.4MVTEB, DFAC, DFAX, DFUV, FBND