Baker Ellis Asset Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Baker Ellis Asset Management LLC reported 265 stock positions worth $964.1 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 8.4% of the portfolio, followed by Lam Research (LRCX, 4.8%) and Sterling Infrastructure (STRL, 4.2%). Compared with Q1 2026, it opened 19 new positions, sold out of 9, added to 55 and reduced 100. The biggest buy was Linde (LIN, shares +524%) and the biggest sale Exxon Mobil (XOM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Vancouver, WA
- CIK
- 0001365559
- Portfolio Value
- $964.1M (Q2 2026)
- SEC Filing
- 0001941040-26-000444 ↗ filed Jul 23, 2026
Holdings Value
Holdings 265 stocks · $964.1M
| VTI VG Morningstar TS MKT ETF-US | 8.37% | 218,064 | $80.7M | Reduce -1.8% |
| LRCX Lam Research Corp. | 4.76% | 105,992 | $45.9M | Reduce -5.9% |
| STRL Sterling Infrastructure Inc. | 4.24% | 48,657 | $40.8M | Reduce -5.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.85% | 74,119 | $37.1M | Add +3.4% |
| VGT Vanguard Info Tech ETF | 3.14% | 253,459 | $30.3M | Reduce -1.5% |
| DISV Dimensional International SM | 2.25% | 539,546 | $21.7M | Reduce -0.1% |
| MSFT Microsoft Corp. | 2.22% | 57,379 | $21.4M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 2.19% | 30,805 | $21.2M | Add +7.7% |
| VYM Vanguard High DVD Yield ETF | 2.17% | 132,625 | $21.0M | Reduce -1.4% |
| GSIE Goldman Sachs Activebeta Int | 2.01% | 424,635 | $19.4M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 1.86% | 54,750 | $17.9M | Reduce -1.1% |
| IXUS iShares Core Intl Stock ETF | 1.84% | 186,101 | $17.8M | Add +0.9% |
| PRF Invesco Rafi US 1000 ETF | 1.77% | 315,796 | $17.1M | Reduce -0.9% |
| FBND Fidelity Total Bond ETF | 1.74% | 368,299 | $16.8M | Reduce -1.4% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 1.69% | 242,122 | $16.3M | Add +5.9% |
| AVGO Broadcom Inc. | 1.57% | 40,155 | $15.2M | Add +0.2% |
| JHMM John Hancock Multi Fact Mid | 1.47% | 189,511 | $14.2M | Reduce -0.5% |
| AAPL Apple Inc. | 1.36% | 45,303 | $13.1M | Add +1.7% |
| COST Costco Wholesale Corp. | 1.35% | 13,888 | $13.0M | Add +0.1% |
| SCHD Schwab US DVD Equity ETF | 1.28% | 388,699 | $12.3M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 1.25% | 34,186 | $12.1M | Add +0.5% |
| RTX RTX Corp. | 1.15% | 58,545 | $11.1M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 1.13% | 30,406 | $10.9M | No change |
| ADI Analog Devices Inc. | 1.12% | 27,242 | $10.8M | Add +0.1% |
| DGS Wisdomtree Em Small Cap | 1.09% | 163,084 | $10.6M | Reduce -0.8% |
| SGOV iShares 0-3 Month Treasury B | 1.03% | 98,593 | $9.9M | Reduce -11.5% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 1.01% | 35,630 | $9.7M | Add +0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.01% | 13 | $9.7M | No change |
| XOM Exxon Mobil Corp. | 1.00% | 70,739 | $9.7M | Reduce -0.4% |
| KGS Kodiak Gas Services Inc. | 1.00% | 128,558 | $9.7M | Reduce -0.4% |
| TKR Timken Co. | 0.98% | 65,243 | $9.5M | Add +1.7% |
| AMZN Amazon.com Inc. | 0.94% | 38,192 | $9.1M | Add +44.1% |
| OSK Oshkosh Corp. | 0.92% | 57,487 | $8.8M | Add +1.4% |
| GBIL Goldman Sachs Access Treasur | 0.86% | 83,088 | $8.3M | Reduce -17.4% |
| ON On Semiconductor | 0.83% | 84,186 | $8.0M | Add +6.8% |
| GTX Garrett Motion Inc. | 0.77% | 204,568 | $7.4M | Reduce -2.6% |
| MAA Mid-America Apartment Comm | 0.77% | 53,227 | $7.4M | Reduce -1.6% |
| SYK Stryker Corp. | 0.70% | 21,398 | $6.7M | Add +2.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.70% | 215,491 | $6.7M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.68% | 8,742 | $6.5M | Add +0.0% |
| CARR Carrier Global Corp. | 0.67% | 88,463 | $6.5M | Reduce -0.1% |
| MLI Mueller Industries Inc. | 0.66% | 51,566 | $6.3M | Add +1.2% |
| LIN Linde PLC | 0.64% | 11,814 | $6.1M | Add +523.8% |
| COF Capital One Financial Corp. | 0.62% | 29,956 | $6.0M | Reduce -1.0% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.60% | 120,890 | $5.8M | Reduce -9.2% |
| TAP Molson Coors Beverage Co. Class B | 0.60% | 148,944 | $5.8M | Reduce -2.0% |
| PSA Public Storage | 0.59% | 17,832 | $5.7M | Reduce -2.1% |
| VT Vanguard Tot World STK ETF | 0.58% | 35,577 | $5.6M | Reduce -0.1% |
| PNW Pinnacle West Capital | 0.56% | 50,144 | $5.4M | Add +1.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.52% | 108,550 | $5.0M | Reduce -0.3% |
| ETN Eaton Corp. PLC | 0.52% | 11,709 | $5.0M | No change |
| NOC Northrop Grumman Corp. | 0.48% | 9,046 | $4.6M | Reduce -2.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.47% | 6,129 | $4.5M | Reduce -0.1% |
| VXF Vanguard Extended Market ETF | 0.47% | 18,274 | $4.5M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.46% | 34,863 | $4.5M | Reduce -3.3% |
| LLY Eli Lilly & Co. | 0.44% | 3,547 | $4.3M | Add +0.1% |
| AGCO Agco Corp. | 0.43% | 34,595 | $4.1M | Reduce -0.9% |
| PEP Pepsico Inc. | 0.42% | 29,966 | $4.1M | Reduce -1.8% |
| GLDM SPDR Gold Minishares Trust | 0.41% | 50,275 | $4.0M | Reduce -8.0% |
| BP BP PLC-Spons ADR | 0.40% | 104,701 | $3.9M | Reduce -0.1% |
| VHT Vanguard Health Care ETF | 0.40% | 12,807 | $3.8M | Reduce -1.0% |
| KR Kroger Co. | 0.38% | 66,310 | $3.7M | Reduce -0.8% |
| HSIC Henry Schein Inc. filed as SCHEIN HENRY INC | 0.38% | 43,750 | $3.7M | Reduce -9.5% |
| GS Goldman Sachs Group Inc. | 0.36% | 3,464 | $3.5M | Reduce -7.3% |
| SNY Sanofi-ADR | 0.36% | 81,342 | $3.5M | Reduce -2.1% |
| JNJ Johnson & Johnson | 0.35% | 13,294 | $3.4M | Add +5.0% |
| KIM Kimco Realty Corp. | 0.34% | 131,020 | $3.3M | Reduce -0.1% |
| HII Huntington Ingalls Industrie | 0.34% | 11,735 | $3.3M | No change |
| WY Weyerhaeuser Co. | 0.34% | 135,267 | $3.2M | Reduce -0.4% |
| RSP Invesco S&P 500 Equal Weight | 0.33% | 15,085 | $3.2M | Reduce -0.7% |
| SCHP Schwab U.S. Tips ETF | 0.33% | 120,980 | $3.2M | Add +37.7% |
| INTC Intel Corp. | 0.33% | 22,746 | $3.2M | New |
| VZ Verizon Communications Inc. | 0.31% | 70,983 | $3.0M | Add +0.1% |
| GLD SPDR Gold Shares | 0.29% | 7,469 | $2.8M | Reduce -3.0% |
| LPX Louisiana-Pacific Corp. | 0.28% | 34,905 | $2.7M | No change |
| UNP Union Pacific Corp. | 0.28% | 9,938 | $2.7M | Reduce -0.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.27% | 31,626 | $2.6M | Reduce -3.1% |
| AMRZ Amrize Ltd. | 0.27% | 48,907 | $2.6M | Reduce -2.6% |
| VTIP Vanguard Short-Term Tips | 0.26% | 49,175 | $2.5M | Add +29.8% |
| NVS Novartis AG-Sponsored ADR | 0.24% | 14,950 | $2.3M | No change |
| TER Teradyne Inc. | 0.24% | 4,800 | $2.3M | Add +2.1% |
| V Visa Inc. Class A | 0.22% | 6,152 | $2.1M | Reduce -4.3% |
| WMT Walmart Inc. | 0.21% | 17,767 | $2.0M | Add +0.5% |
| BCC Boise Cascade Co. | 0.21% | 25,900 | $2.0M | Add +20.1% |
| IMKTA Ingles Markets Inc. Class A | 0.21% | 22,453 | $2.0M | Reduce -0.6% |
| WM Waste Management Inc. | 0.20% | 8,806 | $2.0M | No change |
| CAT Caterpillar Inc. | 0.20% | 1,842 | $2.0M | Reduce -5.9% |
| MRK Merck & Co. Inc. | 0.20% | 14,988 | $1.9M | No change |
| LH Labcorp Holdings Inc. | 0.19% | 6,615 | $1.9M | Reduce -5.6% |
| UBS UBS Group AG-Reg | 0.19% | 36,350 | $1.8M | Reduce -2.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.19% | 7,393 | $1.8M | Reduce -0.3% |
| IWR iShares Russell Mid-Cap ETF | 0.19% | 16,214 | $1.8M | No change |
| ITT Itt Inc. | 0.17% | 8,450 | $1.7M | Reduce -1.2% |
| AVDV Avantis Intl S/C Value ETF | 0.17% | 15,930 | $1.6M | Add +0.6% |
| SHEL Shell PLC-ADR | 0.17% | 20,893 | $1.6M | Reduce -2.3% |
| REG Regency Centers Corp. | 0.17% | 20,120 | $1.6M | Reduce -5.1% |
| ABBV Abbvie Inc. | 0.16% | 6,083 | $1.5M | No change |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.16% | 29,800 | $1.5M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.15% | 9,475 | $1.4M | Reduce -1.0% |
| HD Home Depot Inc. | 0.15% | 4,024 | $1.4M | No change |
Portfolio Sells Q1 2026 → Q2 2026
| XOM Exxon Mobil Corp. | Reduce -0.4% | 1.00% | −0.43 |
| GBIL Goldman Sachs Access Treasur | Reduce -17.4% | 0.86% | −0.33 |
| SGOV iShares 0-3 Month Treasury B | Reduce -11.5% | 1.03% | −0.30 |
| FBND Fidelity Total Bond ETF | Reduce -1.4% | 1.74% | −0.28 |
| DISV Dimensional International SM | Reduce -0.1% | 2.25% | −0.28 |
| NOC Northrop Grumman Corp. | Reduce -2.0% | 0.48% | −0.27 |
| KR Kroger Co. | Reduce -0.8% | 0.38% | −0.19 |
| RTX RTX Corp. | Reduce -0.3% | 1.15% | −0.19 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.4% | 2.17% | −0.19 |
| GLDM SPDR Gold Minishares Trust | Reduce -8.0% | 0.41% | −0.19 |
| BP BP PLC-Spons ADR | Reduce -0.1% | 0.40% | −0.18 |
| TAP Molson Coors Beverage Co. Class B | Reduce -2.0% | 0.60% | −0.18 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -9.2% | 0.60% | −0.16 |
| PEP Pepsico Inc. | Reduce -1.8% | 0.42% | −0.14 |
| SLB SLB Ltd. | Reduce -0.3% | 0.52% | −0.14 |
| HON Honeywell International Inc. | Reduce -0.1% | 0.10% | −0.13 |
| SNY Sanofi-ADR | Reduce -2.1% | 0.36% | −0.12 |
| GLD SPDR Gold Shares | Reduce -3.0% | 0.29% | −0.11 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.8% | 8.37% | −0.09 |
| OUNZ Vaneck Merk Gold ETF | Reduce -33.3% | 0.09% | −0.09 |
| DGS Wisdomtree Em Small Cap | Reduce -0.8% | 1.09% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -1.1% | 1.86% | −0.07 |
| AEM Agnico Eagle Mines Ltd. | Reduce -12.1% | 0.10% | −0.07 |
| SHEL Shell PLC-ADR | Reduce -2.3% | 0.17% | −0.07 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.07 |
| AMRZ Amrize Ltd. | Reduce -2.6% | 0.27% | −0.06 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.06 |
| WY Weyerhaeuser Co. | Reduce -0.4% | 0.34% | −0.06 |
| DMC Del Monte Corp. | Sold out | 0.00% | −0.05 |
| VDE Vanguard Energy ETF | Reduce -6.3% | 0.13% | −0.05 |
| AGCO Agco Corp. | Reduce -0.9% | 0.43% | −0.05 |
| JHMM John Hancock Multi Fact Mid | Reduce -0.5% | 1.47% | −0.04 |
| HSIC Henry Schein Inc. | Reduce -9.5% | 0.38% | −0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -36.4% | 0.05% | −0.04 |
| IMKTA Ingles Markets Inc. Class A | Reduce -0.6% | 0.21% | −0.03 |
| TJX TJX Companies Inc. | Reduce -1.0% | 0.15% | −0.03 |
| COF Capital One Financial Corp. | Reduce -1.0% | 0.62% | −0.03 |
| LMNR Limoneira Co. | Sold out | 0.00% | −0.03 |
| LH Labcorp Holdings Inc. | Reduce -5.6% | 0.19% | −0.03 |
| PRF Invesco Rafi US 1000 ETF | Reduce -0.9% | 1.77% | −0.03 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.03 |
| GGG Graco Inc. | Sold out | 0.00% | −0.03 |
| INFL Horizon Kinetics Infl Benef | Reduce -5.8% | 0.09% | −0.03 |
| ACN Accenture PLC Class A | Reduce -1.9% | 0.03% | −0.03 |
| SHLD Global X Defense Tech ETF | Sold out | 0.00% | −0.02 |
| SIVR Abrdn Physical Silver Shares | Sold out | 0.00% | −0.02 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.02 |
| REG Regency Centers Corp. | Reduce -5.1% | 0.17% | −0.02 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -0.9% | 0.70% | −0.02 |
| PSX Phillips 66 | Reduce -0.3% | 0.10% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| LIN Linde PLC | Add +523.8% | 0.64% | +0.52 |
| INTC Intel Corp. | New | 0.33% | +0.33 |
| AMZN Amazon.com Inc. | Add +44.1% | 0.94% | +0.29 |
| ON On Semiconductor | Add +6.8% | 0.83% | +0.25 |
| TKR Timken Co. | Add +1.7% | 0.98% | +0.22 |
| VOO Vanguard S&P 500 ETF | Add +7.7% | 2.19% | +0.17 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Add +5.9% | 1.69% | +0.10 |
| AVGO Broadcom Inc. | Add +0.2% | 1.57% | +0.10 |
| LSCC Lattice Semiconductor Corp. | New | 0.10% | +0.10 |
| ADI Analog Devices Inc. | Add +0.1% | 1.12% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 1.25% | +0.09 |
| SHV iShares 0-1 Year Treasury Bo | Add +324.6% | 0.12% | +0.09 |
| TER Teradyne Inc. | Add +2.1% | 0.24% | +0.08 |
| SCHP Schwab U.S. Tips ETF | Add +37.7% | 0.33% | +0.06 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.44% | +0.05 |
| BOND PIMCO Active Bond Exchange-T | New | 0.03% | +0.03 |
| VTIP Vanguard Short-Term Tips | Add +29.8% | 0.26% | +0.03 |
| SCJ iShares MSCI Japan Small-Cap | New | 0.02% | +0.02 |
| VSEC Vse Corp. | New | 0.02% | +0.02 |
| UHAL U-Haul Holding Co. | New | 0.02% | +0.02 |
| BA The Boeing Co. | New | 0.02% | +0.02 |
| VUSB Vanguard Ultra Short Bond Et | New | 0.02% | +0.02 |
| MET Metlife Inc. | New | 0.02% | +0.02 |
| LSTR Landstar System Inc. | New | 0.02% | +0.02 |
| RUSHB Rush Enterprises Inc. Class B | New | 0.02% | +0.02 |
| TSLA Tesla Inc. | New | 0.02% | +0.02 |
| PHIN Phinia Inc. | New | 0.02% | +0.02 |
| GHC Graham Holdings Co. Class B | Add +33.9% | 0.11% | +0.02 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| DFAI Dimensional International Co. | New | 0.02% | +0.02 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.02% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | New | 0.02% | +0.02 |
| EWY iShares MSCI South Korea ETF | New | 0.02% | +0.02 |
| CCEP Coca-Cola Europacific Partne | New | 0.02% | +0.02 |
| TROW T Rowe Price Group Inc. | Add +43.8% | 0.05% | +0.02 |
| AAPL Apple Inc. | Add +1.7% | 1.36% | +0.02 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Add +0.3% | 1.01% | +0.01 |
| BCC Boise Cascade Co. | Add +20.1% | 0.21% | +0.01 |
| CB Chubb Ltd. | Add +28.8% | 0.09% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +1.9% | 0.08% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +0.0% | 0.14% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.0% | 0.68% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +2.5% | 0.05% | +0.00 |
| LTPZ PIMCO 15+ YR US Tips Indx | Add +21.2% | 0.03% | +0.00 |
| AVUV Avantis US Small Cap Value | Add +3.2% | 0.04% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +16.4% | 0.07% | +0.00 |
| WIP State Street SPDR Ftse Inter | Add +14.3% | 0.03% | −0.00 |
| DFSV Dimensional US Small Cap Val | Add +2.9% | 0.10% | −0.00 |
| SELF Global Self Storage Inc. | Add +5.7% | 0.02% | −0.00 |
| ELD Wisdomtree Emrg MKTS Debt | Add +6.2% | 0.03% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 265 | $964.1M | VTI, LRCX, STRL, BRK.B, VGT |
| Q1 2026 | 254 | $842.5M | VTI, BRK.B, LRCX, VGT, DISV |
| Q4 2025 | 260 | $831.0M | VTI, BRK.B, MSFT, VGT, DISV |
| Q3 2025 | 249 | $812.0M | VTI, BRK.B, MSFT, VGT, VYM |
| Q2 2025 | 216 | $728.6M | VTI, BRK.B, MSFT, VGT, VYM |
| Q1 2025 | 221 | $693.0M | VTI, BRK.B, MSFT, VYM, VGT |
| Q4 2024 | 215 | $679.6M | VTI, BRK.B, MSFT, VGT, VYM |
| Q3 2024 | 226 | $706.8M | VTI, BRK.B, MSFT, VGT, VYM |
| Q2 2024 | 210 | $663.7M | VTI, BRK.B, MSFT, VGT, VYM |
| Q1 2024 | 216 | $671.6M | VTI, BRK.B, MSFT, VYM, VGT |