Baker Boyer National Bank
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Baker Boyer National Bank reported 80 stock positions worth $301.0 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 23.2% of the portfolio, followed by Vanguard Tax-Exempt Bond ETF (VTEB, 19.3%) and Dimensional World Ex US Core (DFAX, 17.6%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 40 and reduced 22. The biggest buy was Apple (AAPL, shares +5%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- WALLA WALLA, WA
- CIK
- 0001079398
- Portfolio Value
- $301.0M (Q3 2025)
- SEC Filing
- 0001079398-25-000012 ↗ filed Nov 5, 2025
Holdings Value
Holdings 80 stocks · $301.0M
| DFAC Dimensional US Core Equity 2 | 23.19% | 1,809,457 | $69.8M | Reduce -0.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 19.28% | 1,159,214 | $58.0M | Reduce -7.4% |
| DFAX Dimensional World Ex US Core | 17.60% | 1,688,017 | $53.0M | Reduce -0.0% |
| DFUV Dimensional US Marketwide Va | 6.71% | 452,214 | $20.2M | Reduce -0.4% |
| FBND Fidelity Total Bond ETF | 6.50% | 423,112 | $19.6M | Add +1.4% |
| DFIV Dimensional International Va | 3.26% | 212,722 | $9.8M | Reduce -1.7% |
| DFAI Dimensional International Co. | 2.21% | 183,277 | $6.7M | Add +0.4% |
| AAPL Apple Inc. | 1.59% | 18,825 | $4.8M | Add +4.5% |
| VGIT Vanguard Intermediate-Term T | 1.15% | 57,568 | $3.5M | Reduce -7.3% |
| IMOM Alpha Intl Quant Mom ETF | 1.01% | 82,924 | $3.0M | Add +0.1% |
| MSFT Microsoft Corp. | 0.97% | 5,643 | $2.9M | Reduce -34.8% |
| DFAE Dimensional Emerging Core Eq | 0.95% | 90,878 | $2.9M | Reduce -1.8% |
| DFAS Dimensional US Small Cap ETF | 0.80% | 35,115 | $2.4M | Add +2.6% |
| VOO Vanguard S&P 500 ETF | 0.75% | 3,673 | $2.2M | Add +3.1% |
| MTUM iShares MSCI USA Momentum Fa | 0.62% | 7,225 | $1.9M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 0.55% | 1,802 | $1.7M | Reduce -11.5% |
| VEA Vanguard Ftse Developed ETF | 0.53% | 26,735 | $1.6M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.49% | 2,913 | $1.5M | Add +73.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.46% | 7,361 | $1.4M | Reduce -2.6% |
| VONG Vanguard Russell 1000 Growth | 0.45% | 11,249 | $1.4M | No change |
| IWF iShares Russell 1000 Growth | 0.44% | 2,810 | $1.3M | No change |
| JNJ Johnson & Johnson | 0.43% | 7,056 | $1.3M | Add +1.1% |
| QVAL Alpha Arch US QNT Value ETF | 0.39% | 25,070 | $1.2M | Add +3.7% |
| VONV Vanguard Russell 1000 Value | 0.37% | 12,379 | $1.1M | No change |
| QMOM Alpha US Quant Mom ETF | 0.36% | 16,994 | $1.1M | Add +3.6% |
| DE Deere & Co. | 0.34% | 2,212 | $1.0M | Reduce -4.0% |
| IEMG iShares Core MSCI Emerging | 0.32% | 14,612 | $963K | Reduce -4.4% |
| MCD McDonald's Corp. | 0.31% | 3,103 | $943K | Add +1.8% |
| IVAL Alpha Archi Intl QT Vlu ETF | 0.29% | 29,174 | $880K | Add +2.9% |
| META Meta Platforms Inc. Class A | 0.29% | 1,169 | $858K | Add +2.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 1,273 | $848K | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 0.28% | 3,416 | $832K | No change |
| HD Home Depot Inc. | 0.27% | 2,027 | $821K | Add +3.8% |
| AMZN Amazon.com Inc. | 0.25% | 3,451 | $758K | Add +5.5% |
| PG The Procter & Gamble Co. | 0.24% | 4,715 | $724K | Add +1.6% |
| SO The Southern Co. | 0.23% | 7,257 | $688K | Reduce -4.3% |
| RTX RTX Corp. | 0.22% | 3,872 | $648K | No change |
| GOOGL Alphabet Inc. Class A | 0.21% | 2,660 | $647K | Add +3.9% |
| CVX Chevron Corp. | 0.21% | 4,150 | $644K | Add +27.6% |
| MA Mastercard Inc. Class A | 0.21% | 1,090 | $620K | Add +0.5% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.20% | 24,114 | $615K | Reduce -10.1% |
| VWO Vanguard Ftse Emerging Marke | 0.20% | 10,843 | $587K | Reduce -1.7% |
| BA The Boeing Co. | 0.19% | 2,715 | $586K | Add +2.5% |
| NVDA Nvidia Corp. | 0.19% | 3,057 | $570K | Add +11.6% |
| HON Honeywell International Inc. | 0.18% | 2,595 | $546K | Add +0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.18% | 1,916 | $541K | Add +2.7% |
| XOM Exxon Mobil Corp. | 0.17% | 4,627 | $522K | Add +1.3% |
| CAT Caterpillar Inc. | 0.17% | 1,092 | $521K | Add +9.1% |
| UNP Union Pacific Corp. | 0.17% | 2,197 | $519K | No change |
| VTWO Vanguard Russell 2000 ETF | 0.17% | 5,254 | $514K | No change |
| TSLA Tesla Inc. | 0.16% | 1,065 | $474K | Reduce -4.5% |
| V Visa Inc. Class A | 0.15% | 1,357 | $463K | Add +8.6% |
| WM Waste Management Inc. | 0.15% | 1,979 | $437K | No change |
| PCAR Paccar Inc. | 0.14% | 4,409 | $433K | No change |
| IAU iShares Gold Trust | 0.14% | 5,895 | $429K | New |
| WMT Walmart Inc. | 0.14% | 4,048 | $417K | Add +79.3% |
| UNH Unitedhealth Group Inc. | 0.13% | 1,136 | $392K | Add +0.3% |
| NKE Nike Inc. Class B | 0.13% | 5,621 | $392K | Add +5.3% |
| DUK Duke Energy Corp. | 0.13% | 3,042 | $376K | Reduce -4.3% |
| ABBV Abbvie Inc. | 0.12% | 1,583 | $367K | Add +6.0% |
| ACN Accenture PLC Class A | 0.12% | 1,462 | $361K | No change |
| XLK SS Technology Select Sector | 0.12% | 1,278 | $360K | Add +2.2% |
| SYK Stryker Corp. | 0.11% | 876 | $324K | Add +2.9% |
| JPM JPMorgan Chase & Co. | 0.10% | 963 | $304K | Reduce -9.6% |
| ED Consolidated Edison Inc. | 0.10% | 2,958 | $297K | Reduce -7.9% |
| INTU Intuit Inc. | 0.10% | 430 | $294K | No change |
| MUB iShares National Muni Bond E | 0.09% | 2,560 | $273K | No change |
| MO Altria Group Inc. | 0.09% | 4,060 | $268K | Add +7.4% |
| ABT Abbott Laboratories | 0.09% | 1,943 | $260K | Add +3.9% |
| VCRB Vanguard Core Bond ETF | 0.08% | 3,257 | $255K | No change |
| AMD Advanced Micro Devices | 0.08% | 1,578 | $255K | Add +0.5% |
| DHR Danaher Corp. | 0.08% | 1,281 | $254K | No change |
| LOW Lowe's Cos Inc. | 0.08% | 1,009 | $254K | Add +6.7% |
| CMI Cummins Inc. | 0.08% | 598 | $253K | New |
| TT Trane Technologies PLC | 0.08% | 541 | $228K | Add +16.1% |
| XEL Xcel Energy Inc. | 0.07% | 2,800 | $226K | New |
| VXF Vanguard Extended Market ETF | 0.07% | 1,071 | $224K | No change |
| CSCO Cisco Systems Inc. | 0.07% | 3,217 | $220K | Add +2.3% |
| CARR Carrier Global Corp. | 0.07% | 3,611 | $216K | Add +16.2% |
| ADBE Adobe Inc. | 0.07% | 589 | $208K | Add +9.1% |
Portfolio Sells Q2 2025 → Q3 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -7.4% | 19.28% | −1.88 |
| MSFT Microsoft Corp. | Reduce -34.8% | 0.97% | −0.51 |
| COST Costco Wholesale Corp. | Reduce -11.5% | 0.55% | −0.14 |
| VGIT Vanguard Intermediate-Term T | Reduce -7.3% | 1.15% | −0.13 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.12 |
| DE Deere & Co. | Reduce -4.0% | 0.34% | −0.07 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -10.1% | 0.20% | −0.03 |
| ED Consolidated Edison Inc. | Reduce -7.9% | 0.10% | −0.01 |
| SO The Southern Co. | Reduce -4.3% | 0.23% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -9.6% | 0.10% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.6% | 0.46% | −0.00 |
| DUK Duke Energy Corp. | Reduce -4.3% | 0.13% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.9% | 0.53% | −0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -4.4% | 0.32% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.7% | 0.20% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.4% | 0.28% | +0.01 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -1.1% | 0.62% | +0.01 |
| DFAE Dimensional Emerging Core Eq | Reduce -1.8% | 0.95% | +0.03 |
| TSLA Tesla Inc. | Reduce -4.5% | 0.16% | +0.04 |
| DFIV Dimensional International Va | Reduce -1.7% | 3.26% | +0.06 |
| DFUV Dimensional US Marketwide Va | Reduce -0.4% | 6.71% | +0.09 |
| DFAX Dimensional World Ex US Core | Reduce -0.0% | 17.60% | +0.49 |
| DFAC Dimensional US Core Equity 2 | Reduce -0.1% | 23.19% | +0.79 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +4.5% | 1.59% | +0.32 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +73.9% | 0.49% | +0.21 |
| IAU iShares Gold Trust | New | 0.14% | +0.14 |
| CMI Cummins Inc. | New | 0.08% | +0.08 |
| XEL Xcel Energy Inc. | New | 0.07% | +0.07 |
| JNJ Johnson & Johnson | Add +1.1% | 0.43% | +0.07 |
| WMT Walmart Inc. | Add +79.3% | 0.14% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +3.9% | 0.21% | +0.06 |
| CVX Chevron Corp. | Add +27.6% | 0.21% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +3.1% | 0.75% | +0.05 |
| DFAS Dimensional US Small Cap ETF | Add +2.6% | 0.80% | +0.05 |
| NVDA Nvidia Corp. | Add +11.6% | 0.19% | +0.04 |
| IMOM Alpha Intl Quant Mom ETF | Add +0.1% | 1.01% | +0.04 |
| CAT Caterpillar Inc. | Add +9.1% | 0.17% | +0.04 |
| DFAI Dimensional International Co. | Add +0.4% | 2.21% | +0.04 |
| ABBV Abbvie Inc. | Add +6.0% | 0.12% | +0.03 |
| HD Home Depot Inc. | Add +3.8% | 0.27% | +0.03 |
| QVAL Alpha Arch US QNT Value ETF | Add +3.7% | 0.39% | +0.02 |
| IVAL Alpha Archi Intl QT Vlu ETF | Add +2.9% | 0.29% | +0.02 |
| MO Altria Group Inc. | Add +7.4% | 0.09% | +0.01 |
| LOW Lowe's Cos Inc. | Add +6.7% | 0.08% | +0.01 |
| XLK SS Technology Select Sector | Add +2.2% | 0.12% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +0.3% | 0.13% | +0.01 |
| AMD Advanced Micro Devices | Add +0.5% | 0.08% | +0.01 |
| MCD McDonald's Corp. | Add +1.8% | 0.31% | +0.01 |
| TT Trane Technologies PLC | Add +16.1% | 0.08% | +0.01 |
| AMZN Amazon.com Inc. | Add +5.5% | 0.25% | +0.00 |
| XOM Exxon Mobil Corp. | Add +1.3% | 0.17% | +0.00 |
| BA The Boeing Co. | Add +2.5% | 0.19% | +0.00 |
| V Visa Inc. Class A | Add +8.6% | 0.15% | +0.00 |
| NKE Nike Inc. Class B | Add +5.3% | 0.13% | −0.00 |
| ABT Abbott Laboratories | Add +3.9% | 0.09% | −0.00 |
| CSCO Cisco Systems Inc. | Add +2.3% | 0.07% | −0.00 |
| ADBE Adobe Inc. | Add +9.1% | 0.07% | −0.00 |
| QMOM Alpha US Quant Mom ETF | Add +3.6% | 0.36% | −0.00 |
| MA Mastercard Inc. Class A | Add +0.5% | 0.21% | −0.00 |
| META Meta Platforms Inc. Class A | Add +2.2% | 0.29% | −0.01 |
| CARR Carrier Global Corp. | Add +16.2% | 0.07% | −0.01 |
| SYK Stryker Corp. | Add +2.9% | 0.11% | −0.01 |
| IBM Intl Business Machines Corp. | Add +2.7% | 0.18% | −0.01 |
| PG The Procter & Gamble Co. | Add +1.6% | 0.24% | −0.01 |
| HON Honeywell International Inc. | Add +0.4% | 0.18% | −0.03 |
| FBND Fidelity Total Bond ETF | Add +1.4% | 6.50% | −0.09 |
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 |