Baker Ellis Asset Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 17, 2024), Baker Ellis Asset Management LLC reported 216 stock positions worth $671.6 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 9.6% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.1%) and Microsoft (MSFT, 3.4%). Compared with Q4 2023, it opened 8 new positions, sold out of 8, added to 50 and reduced 96. The biggest buy was a new position in Timken (TKR) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Vancouver, WA
- CIK
- 0001365559
- Portfolio Value
- $671.6M (Q1 2024)
- SEC Filing
- 0001941040-24-000183 ↗ filed Apr 17, 2024
Holdings Value
Holdings 216 stocks · $671.6M
| VTI VG Morningstar TS MKT ETF-US | 9.60% | 248,074 | $64.5M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.14% | 66,138 | $27.8M | Add +0.9% |
| MSFT Microsoft Corp. | 3.36% | 53,591 | $22.5M | Add +0.9% |
| VYM Vanguard High DVD Yield ETF | 2.78% | 154,448 | $18.7M | Reduce -4.0% |
| VGT Vanguard Info Tech ETF | 2.76% | 35,347 | $18.5M | Reduce -3.1% |
| VOO Vanguard S&P 500 ETF | 2.06% | 28,772 | $13.8M | Add +3.8% |
| LRCX Lam Research Corp. | 1.95% | 13,495 | $13.1M | Reduce -1.9% |
| WIRE Encore Wire Corp. | 1.90% | 48,594 | $12.8M | Reduce -1.5% |
| JHMM John Hancock Multi Fact Mid | 1.88% | 219,918 | $12.6M | Add +0.8% |
| PRF Invesco Rafi US 1000 ETF | 1.88% | 327,867 | $12.6M | Reduce -0.6% |
| FBND Fidelity Total Bond ETF | 1.75% | 258,917 | $11.7M | Add +1.5% |
| GBIL Goldman Sachs Access Treasur | 1.72% | 114,486 | $11.6M | Reduce -3.4% |
| SCHD Schwab US DVD Equity ETF | 1.67% | 138,891 | $11.2M | Reduce -4.8% |
| GSIE Goldman Sachs Activebeta Int | 1.63% | 318,481 | $10.9M | Add +2.3% |
| JPM JPMorgan Chase & Co. | 1.58% | 52,922 | $10.6M | Add +1.2% |
| COST Costco Wholesale Corp. | 1.54% | 14,111 | $10.3M | Reduce -0.3% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 1.54% | 219,104 | $10.3M | Add +6.3% |
| IBTE iShares Ibonds Dec 2024 Term | 1.46% | 408,803 | $9.8M | Reduce -3.6% |
| DISV Dimensional International SM | 1.32% | 326,373 | $8.9M | Add +2.7% |
| SGOV iShares 0-3 Month Treasury B | 1.29% | 86,200 | $8.7M | Reduce -2.3% |
| TAP Molson Coors Beverage Co. Class B | 1.28% | 127,377 | $8.6M | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.23% | 13 | $8.2M | No change |
| IXUS iShares Core Intl Stock ETF | 1.22% | 121,090 | $8.2M | Reduce -2.0% |
| SYK Stryker Corp. | 1.20% | 22,444 | $8.0M | Reduce -0.9% |
| AAPL Apple Inc. | 1.12% | 43,721 | $7.5M | Reduce -4.5% |
| FISV Fiserv Inc. | 1.03% | 43,460 | $6.9M | Add +0.9% |
| PEP Pepsico Inc. | 0.95% | 36,383 | $6.4M | Reduce -2.5% |
| DGS Wisdomtree Em Small Cap | 0.91% | 119,996 | $6.1M | Reduce -1.8% |
| WY Weyerhaeuser Co. | 0.91% | 169,907 | $6.1M | Reduce -0.7% |
| PXD Pioneer Natural Resources Co. | 0.87% | 22,299 | $5.9M | Reduce -3.1% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.87% | 31,130 | $5.8M | Add +3.5% |
| CARR Carrier Global Corp. | 0.85% | 98,338 | $5.7M | Reduce -1.9% |
| FMX Fomento Economico Mex-SP ADR | 0.84% | 43,306 | $5.6M | Reduce -0.9% |
| AVGO Broadcom Inc. | 0.83% | 4,202 | $5.6M | Add +1.9% |
| RTX RTX Corp. | 0.83% | 57,028 | $5.6M | Add +3.5% |
| GOOG Alphabet Inc. Class C | 0.81% | 35,507 | $5.4M | Reduce -1.9% |
| SKX Skechers USA Inc. Class A | 0.76% | 83,635 | $5.1M | Reduce -2.7% |
| ON On Semiconductor | 0.76% | 69,101 | $5.1M | Reduce -1.8% |
| BP BP PLC-Spons ADR | 0.74% | 132,377 | $5.0M | Add +2.6% |
| FBIN Fortune Brands Innovations I | 0.74% | 58,850 | $5.0M | Reduce -0.3% |
| ADI Analog Devices Inc. | 0.74% | 25,129 | $5.0M | Reduce -1.1% |
| NOC Northrop Grumman Corp. | 0.74% | 10,373 | $5.0M | Reduce -2.0% |
| MAA Mid-America Apartment Comm | 0.72% | 36,700 | $4.8M | Reduce -2.0% |
| GPK Graphic Packaging Holding Co. | 0.70% | 161,289 | $4.7M | Reduce -3.4% |
| SNY Sanofi-ADR | 0.68% | 93,502 | $4.5M | Reduce -2.3% |
| AGCO Agco Corp. | 0.67% | 36,598 | $4.5M | Add +1.0% |
| BAX Baxter International Inc. | 0.66% | 103,310 | $4.4M | Add +3.1% |
| DFS Discover Financial Services | 0.64% | 32,872 | $4.3M | Add +0.2% |
| KR Kroger Co. | 0.64% | 75,205 | $4.3M | Reduce -3.3% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.63% | 89,650 | $4.3M | Add +6.8% |
| IMKTA Ingles Markets Inc. Class A | 0.63% | 55,460 | $4.3M | Add +8.8% |
| TKR Timken Co. | 0.63% | 48,480 | $4.2M | New |
| VT Vanguard Tot World STK ETF | 0.63% | 37,999 | $4.2M | Reduce -0.8% |
| HSIC Henry Schein Inc. | 0.60% | 53,484 | $4.0M | Reduce -0.5% |
| HON Honeywell International Inc. | 0.60% | 19,614 | $4.0M | Reduce -3.5% |
| PNW Pinnacle West Capital | 0.55% | 49,249 | $3.7M | Reduce -6.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.54% | 54,262 | $3.7M | Add +11.8% |
| ADM Archer-Daniels-Midland Co. | 0.54% | 57,297 | $3.6M | Reduce -2.3% |
| VHT Vanguard Health Care ETF | 0.52% | 12,977 | $3.5M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.52% | 6,661 | $3.5M | No change |
| VXF Vanguard Extended Market ETF | 0.51% | 19,424 | $3.4M | No change |
| OSK Oshkosh Corp. | 0.51% | 27,269 | $3.4M | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 0.48% | 21,355 | $3.2M | Add +5.7% |
| RSP Invesco S&P 500 Equal Weight | 0.48% | 18,939 | $3.2M | Reduce -1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.47% | 26,024 | $3.2M | Reduce -0.3% |
| LPX Louisiana-Pacific Corp. | 0.47% | 37,898 | $3.2M | Reduce -1.2% |
| VZ Verizon Communications Inc. | 0.44% | 71,200 | $3.0M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.44% | 16,335 | $2.9M | Reduce -0.6% |
| UNP Union Pacific Corp. | 0.44% | 11,971 | $2.9M | Reduce -6.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.42% | 6,425 | $2.9M | Add +1.6% |
| KIM Kimco Realty Corp. | 0.38% | 129,802 | $2.5M | Add +0.5% |
| BCC Boise Cascade Co. | 0.38% | 16,430 | $2.5M | Add +0.2% |
| GLDM SPDR Gold Minishares Trust | 0.36% | 55,050 | $2.4M | Reduce -0.2% |
| STLA Stellantis NV | 0.35% | 84,236 | $2.4M | Reduce -8.6% |
| GTX Garrett Motion Inc. | 0.34% | 232,372 | $2.3M | Reduce -2.5% |
| GS Goldman Sachs Group Inc. | 0.34% | 5,413 | $2.3M | Reduce -11.2% |
| TGT Target Corp. | 0.31% | 11,904 | $2.1M | Reduce -0.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.30% | 34,246 | $2.0M | Add +5.8% |
| VDE Vanguard Energy ETF | 0.29% | 14,800 | $1.9M | Add +1.9% |
| LH Laboratory CRP of Amer Hldgs | 0.29% | 8,846 | $1.9M | Add +3.3% |
| REG Regency Centers Corp. | 0.28% | 30,615 | $1.9M | Reduce -11.4% |
| IXC iShares Global Energy ETF | 0.27% | 42,250 | $1.8M | Reduce -0.2% |
| GLD SPDR Gold Shares | 0.26% | 8,506 | $1.7M | No change |
| XOM Exxon Mobil Corp. | 0.25% | 14,200 | $1.7M | Add +72.3% |
| HD Home Depot Inc. | 0.25% | 4,292 | $1.6M | Reduce -8.5% |
| FMC FMC Corp. | 0.23% | 24,107 | $1.5M | Reduce -5.1% |
| CMCSA Comcast Corp. Class A | 0.22% | 33,868 | $1.5M | Add +5.1% |
| MRK Merck & Co. Inc. | 0.22% | 11,005 | $1.5M | Add +11.6% |
| WM Waste Management Inc. | 0.21% | 6,703 | $1.4M | Reduce -1.5% |
| V Visa Inc. Class A | 0.21% | 5,095 | $1.4M | Add +3.6% |
| CVE Cenovus Energy Inc. | 0.21% | 70,800 | $1.4M | Reduce -0.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.21% | 7,221 | $1.4M | Reduce -4.9% |
| CVX Chevron Corp. | 0.20% | 8,584 | $1.4M | Reduce -1.1% |
| IWR iShares Russell Mid-Cap ETF | 0.20% | 16,076 | $1.4M | No change |
| PSX Phillips 66 | 0.20% | 8,173 | $1.3M | Reduce -0.2% |
| PLD Prologis Inc. | 0.20% | 10,250 | $1.3M | Reduce -2.8% |
| UBS UBS Group AG-Reg | 0.20% | 43,100 | $1.3M | Add +0.2% |
| ITT Itt Inc. | 0.19% | 9,400 | $1.3M | Reduce -10.1% |
| JNJ Johnson & Johnson | 0.19% | 7,877 | $1.2M | Reduce -47.1% |
| ABBV Abbvie Inc. | 0.18% | 6,755 | $1.2M | Reduce -6.8% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -4.5% | 1.12% | −0.30 |
| JNJ Johnson & Johnson | Reduce -47.1% | 0.19% | −0.19 |
| ON On Semiconductor | Reduce -1.8% | 0.76% | −0.18 |
| GBIL Goldman Sachs Access Treasur | Reduce -3.4% | 1.72% | −0.17 |
| IBTE iShares Ibonds Dec 2024 Term | Reduce -3.6% | 1.46% | −0.16 |
| ADM Archer-Daniels-Midland Co. | Reduce -2.3% | 0.54% | −0.14 |
| SGOV iShares 0-3 Month Treasury B | Reduce -2.3% | 1.29% | −0.12 |
| SCHD Schwab US DVD Equity ETF | Reduce -4.8% | 1.67% | −0.11 |
| VYM Vanguard High DVD Yield ETF | Reduce -4.0% | 2.78% | −0.10 |
| SKX Skechers USA Inc. Class A | Reduce -2.7% | 0.76% | −0.10 |
| REG Regency Centers Corp. | Reduce -11.4% | 0.28% | −0.10 |
| MAA Mid-America Apartment Comm | Reduce -2.0% | 0.72% | −0.09 |
| SNY Sanofi-ADR | Reduce -2.3% | 0.68% | −0.09 |
| HON Honeywell International Inc. | Reduce -3.5% | 0.60% | −0.08 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.07 |
| FMX Fomento Economico Mex-SP ADR | Reduce -0.9% | 0.84% | −0.07 |
| CARR Carrier Global Corp. | Reduce -1.9% | 0.85% | −0.07 |
| VGT Vanguard Info Tech ETF | Reduce -3.1% | 2.76% | −0.07 |
| DGS Wisdomtree Em Small Cap | Reduce -1.8% | 0.91% | −0.07 |
| ADI Analog Devices Inc. | Reduce -1.1% | 0.74% | −0.07 |
| PEP Pepsico Inc. | Reduce -2.5% | 0.95% | −0.07 |
| UNP Union Pacific Corp. | Reduce -6.7% | 0.44% | −0.07 |
| IXUS iShares Core Intl Stock ETF | Reduce -2.0% | 1.22% | −0.06 |
| PNW Pinnacle West Capital | Reduce -6.5% | 0.55% | −0.06 |
| NOC Northrop Grumman Corp. | Reduce -2.0% | 0.74% | −0.06 |
| GXO Gxo Logistics Inc. | Reduce -19.6% | 0.10% | −0.05 |
| HSIC Henry Schein Inc. | Reduce -0.5% | 0.60% | −0.05 |
| JPST JPMorgan Ultra-Short Income | Reduce -30.0% | 0.09% | −0.05 |
| FE Firstenergy Corp. | Sold out | 0.00% | −0.05 |
| NKE Nike Inc. Class B | Reduce -1.4% | 0.18% | −0.05 |
| WY Weyerhaeuser Co. | Reduce -0.7% | 0.91% | −0.04 |
| GM General Motors Co. | Sold out | 0.00% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -11.2% | 0.34% | −0.04 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -13.4% | 0.16% | −0.04 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.04 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −0.04 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -13.7% | 0.16% | −0.04 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.04 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.04 |
| NVS Novartis AG-Sponsored ADR | Reduce -4.7% | 0.18% | −0.03 |
| FMC FMC Corp. | Reduce -5.1% | 0.23% | −0.03 |
| PLD Prologis Inc. | Reduce -2.8% | 0.20% | −0.03 |
| GTX Garrett Motion Inc. | Reduce -2.5% | 0.34% | −0.03 |
| VPU Vanguard Utilities ETF | Reduce -7.3% | 0.16% | −0.02 |
| LIN Linde PLC | Reduce -35.4% | 0.04% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -13.8% | 0.05% | −0.02 |
| PLPC Preformed Line Products Co. | Reduce -3.6% | 0.10% | −0.02 |
| SEB Seaboard Corp. | Reduce -3.4% | 0.07% | −0.02 |
| JBTM JBT Marel Corp. | Reduce -19.9% | 0.06% | −0.02 |
| HD Home Depot Inc. | Reduce -8.5% | 0.25% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| TKR Timken Co. | New | 0.63% | +0.63 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.9% | 4.14% | +0.39 |
| MSFT Microsoft Corp. | Add +0.9% | 3.36% | +0.16 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Add +6.3% | 1.54% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +1.2% | 1.58% | +0.15 |
| VOO Vanguard S&P 500 ETF | Add +3.8% | 2.06% | +0.12 |
| FISV Fiserv Inc. | Add +0.9% | 1.03% | +0.12 |
| XOM Exxon Mobil Corp. | Add +72.3% | 0.25% | +0.11 |
| AVGO Broadcom Inc. | Add +1.9% | 0.83% | +0.09 |
| RTX RTX Corp. | Add +3.5% | 0.83% | +0.08 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +11.8% | 0.54% | +0.06 |
| DFS Discover Financial Services | Add +0.2% | 0.64% | +0.05 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Add +3.5% | 0.87% | +0.05 |
| MRK Merck & Co. Inc. | Add +11.6% | 0.22% | +0.04 |
| MRSH Marsh & McLennan Cos | New | 0.04% | +0.04 |
| CAT Caterpillar Inc. | Add +78.4% | 0.08% | +0.04 |
| OSK Oshkosh Corp. | Add +1.3% | 0.51% | +0.04 |
| JHMM John Hancock Multi Fact Mid | Add +0.8% | 1.88% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.04% | +0.04 |
| BAX Baxter International Inc. | Add +3.1% | 0.66% | +0.04 |
| BCC Boise Cascade Co. | Add +0.2% | 0.38% | +0.04 |
| DOOR Masonite International Corp. | Add +2.0% | 0.10% | +0.03 |
| CLX Clorox Company | New | 0.03% | +0.03 |
| INSW International Seaways Inc. | New | 0.03% | +0.03 |
| TROW T Rowe Price Group Inc. | New | 0.03% | +0.03 |
| META Meta Platforms Inc. Class A | New | 0.03% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +5.7% | 0.48% | +0.03 |
| TAP Molson Coors Beverage Co. Class B | Add +0.1% | 1.28% | +0.03 |
| LCNB LCNB Corporation | New | 0.03% | +0.03 |
| BAC Bank of America Corp. | Add +52.0% | 0.06% | +0.02 |
| LMNR Limoneira Co. | Add +46.9% | 0.09% | +0.02 |
| VDE Vanguard Energy ETF | Add +1.9% | 0.29% | +0.02 |
| PG The Procter & Gamble Co. | Add +18.2% | 0.09% | +0.02 |
| ANGL Vaneck Fallen Angel High YLD | Add +15.5% | 0.18% | +0.01 |
| LLY Eli Lilly & Co. | Add +8.8% | 0.05% | +0.01 |
| BP BP PLC-Spons ADR | Add +2.6% | 0.74% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.6% | 0.42% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +18.0% | 0.08% | +0.01 |
| DISV Dimensional International SM | Add +2.7% | 1.32% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +5.8% | 0.30% | +0.01 |
| NEE Nextera Energy Inc. | Add +8.5% | 0.12% | +0.01 |
| V Visa Inc. Class A | Add +3.6% | 0.21% | +0.01 |
| HST Host Hotels & Resorts Inc. | Add +5.4% | 0.16% | +0.01 |
| ACN Accenture PLC Class A | Add +28.8% | 0.04% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +8.1% | 0.04% | +0.00 |
| NWS News Corp. Class B | Add +2.6% | 0.10% | +0.00 |
| ETR Entergy Corp. | Add +0.8% | 0.09% | −0.00 |
| GSIE Goldman Sachs Activebeta Int | Add +2.3% | 1.63% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Add +4.3% | 0.09% | −0.00 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +6.8% | 0.63% | −0.01 |
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 |