Baker Ellis Asset Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 9, 2024), Baker Ellis Asset Management LLC reported 210 stock positions worth $663.7 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 10.1% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.1%) and Microsoft (MSFT, 3.8%). Compared with Q1 2024, it opened 6 new positions, sold out of 12, added to 54 and reduced 77. The biggest buy was a new position in Sterling Infrastructure (STRL) and the biggest sale Encore Wire (WIRE, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- Vancouver, WA
- CIK
- 0001365559
- Portfolio Value
- $663.7M (Q2 2024)
- SEC Filing
- 0001941040-24-000272 ↗ filed Jul 9, 2024
Holdings Value
Holdings 210 stocks · $663.7M
| VTI VG Morningstar TS MKT ETF-US | 10.05% | 249,345 | $66.7M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.05% | 66,122 | $26.9M | Reduce -0.0% |
| MSFT Microsoft Corp. | 3.77% | 55,964 | $25.0M | Add +4.4% |
| VGT Vanguard Info Tech ETF | 3.17% | 36,433 | $21.0M | Add +3.1% |
| VYM Vanguard High DVD Yield ETF | 2.72% | 152,069 | $18.0M | Reduce -1.5% |
| VOO Vanguard S&P 500 ETF | 2.24% | 29,754 | $14.9M | Add +3.4% |
| LRCX Lam Research Corp. | 2.09% | 13,018 | $13.9M | Reduce -3.5% |
| PRF Invesco Rafi US 1000 ETF | 1.89% | 330,285 | $12.5M | Add +0.7% |
| COST Costco Wholesale Corp. | 1.82% | 14,226 | $12.1M | Add +0.8% |
| JHMM John Hancock Multi Fact Mid | 1.81% | 218,248 | $12.0M | Reduce -0.8% |
| FBND Fidelity Total Bond ETF | 1.76% | 260,364 | $11.7M | Add +0.6% |
| GSIE Goldman Sachs Activebeta Int | 1.74% | 343,470 | $11.6M | Add +7.8% |
| GBIL Goldman Sachs Access Treasur | 1.69% | 112,228 | $11.2M | Reduce -2.0% |
| SCHD Schwab US DVD Equity ETF | 1.63% | 138,843 | $10.8M | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 1.61% | 52,762 | $10.7M | Reduce -0.3% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 1.57% | 220,307 | $10.4M | Add +0.6% |
| IBTE iShares Ibonds Dec 2024 Term | 1.44% | 397,567 | $9.5M | Reduce -2.8% |
| DISV Dimensional International SM | 1.37% | 337,894 | $9.1M | Add +3.5% |
| AAPL Apple Inc. | 1.37% | 43,146 | $9.1M | Reduce -1.3% |
| SGOV iShares 0-3 Month Treasury B | 1.35% | 89,208 | $9.0M | Add +3.5% |
| IXUS iShares Core Intl Stock ETF | 1.27% | 124,466 | $8.4M | Add +2.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.20% | 13 | $8.0M | No change |
| XOM Exxon Mobil Corp. | 1.16% | 67,137 | $7.7M | Add +372.8% |
| SYK Stryker Corp. | 1.15% | 22,429 | $7.6M | Reduce -0.1% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 1.14% | 38,295 | $7.6M | Add +23.0% |
| AVGO Broadcom Inc. | 1.05% | 4,353 | $7.0M | Add +3.6% |
| STRL Sterling Infrastructure Inc. | 1.02% | 57,195 | $6.8M | New |
| TAP Molson Coors Beverage Co. Class B | 1.02% | 132,962 | $6.8M | Add +4.4% |
| FISV Fiserv Inc. | 0.97% | 43,070 | $6.4M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 0.94% | 33,877 | $6.2M | Reduce -4.6% |
| CARR Carrier Global Corp. | 0.94% | 98,457 | $6.2M | Add +0.1% |
| DGS Wisdomtree Em Small Cap | 0.93% | 120,077 | $6.2M | Add +0.1% |
| PEP Pepsico Inc. | 0.92% | 37,128 | $6.1M | Add +2.0% |
| MAA Mid-America Apartment Comm | 0.89% | 41,433 | $5.9M | Add +12.9% |
| ADI Analog Devices Inc. | 0.88% | 25,482 | $5.8M | Add +1.4% |
| RTX RTX Corp. | 0.87% | 57,653 | $5.8M | Add +1.1% |
| SKX Skechers USA Inc. Class A | 0.87% | 83,335 | $5.8M | Reduce -0.4% |
| ON On Semiconductor | 0.77% | 74,076 | $5.1M | Add +7.2% |
| BP BP PLC-Spons ADR | 0.73% | 134,977 | $4.9M | Add +2.0% |
| WY Weyerhaeuser Co. | 0.72% | 169,077 | $4.8M | Reduce -0.5% |
| TKR Timken Co. | 0.72% | 59,781 | $4.8M | Add +23.3% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.72% | 100,200 | $4.7M | Add +11.8% |
| FMX Fomento Economico Mex-SP ADR | 0.70% | 43,446 | $4.7M | Add +0.3% |
| SNY Sanofi-ADR | 0.68% | 92,642 | $4.5M | Reduce -0.9% |
| NOC Northrop Grumman Corp. | 0.67% | 10,168 | $4.4M | Reduce -2.0% |
| GPK Graphic Packaging Holding Co. | 0.66% | 166,469 | $4.4M | Add +3.2% |
| DFS Discover Financial Services | 0.65% | 32,797 | $4.3M | Reduce -0.2% |
| VT Vanguard Tot World STK ETF | 0.64% | 37,899 | $4.3M | Reduce -0.3% |
| AGCO Agco Corp. | 0.60% | 40,689 | $4.0M | Add +11.2% |
| FBIN Fortune Brands Innovations I | 0.60% | 61,260 | $4.0M | Add +4.1% |
| GOOGL Alphabet Inc. Class A | 0.59% | 21,585 | $3.9M | Add +1.1% |
| OSK Oshkosh Corp. | 0.59% | 36,127 | $3.9M | Add +32.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.58% | 57,789 | $3.9M | Add +6.5% |
| IMKTA Ingles Markets Inc. Class A | 0.58% | 55,641 | $3.8M | Add +0.3% |
| PNW Pinnacle West Capital | 0.57% | 49,119 | $3.8M | Reduce -0.3% |
| KR Kroger Co. | 0.56% | 74,905 | $3.7M | Reduce -0.4% |
| HSIC Henry Schein Inc. | 0.54% | 55,926 | $3.6M | Add +4.6% |
| BAX Baxter International Inc. | 0.53% | 106,085 | $3.5M | Add +2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 6,516 | $3.5M | Reduce -2.2% |
| VHT Vanguard Health Care ETF | 0.52% | 12,877 | $3.4M | Reduce -0.8% |
| ADM Archer-Daniels-Midland Co. | 0.50% | 54,881 | $3.3M | Reduce -4.2% |
| VXF Vanguard Extended Market ETF | 0.49% | 19,424 | $3.3M | No change |
| AMZN Amazon.com Inc. | 0.49% | 16,756 | $3.2M | Add +2.6% |
| RSP Invesco S&P 500 Equal Weight | 0.47% | 18,939 | $3.1M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.46% | 6,425 | $3.1M | No change |
| LPX Louisiana-Pacific Corp. | 0.46% | 37,298 | $3.1M | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.44% | 70,800 | $2.9M | Reduce -0.6% |
| UNP Union Pacific Corp. | 0.40% | 11,826 | $2.7M | Reduce -1.2% |
| GLDM SPDR Gold Minishares Trust | 0.38% | 55,050 | $2.5M | No change |
| KIM Kimco Realty Corp. | 0.38% | 128,953 | $2.5M | Reduce -0.7% |
| HON Honeywell International Inc. | 0.34% | 10,486 | $2.2M | Reduce -46.5% |
| GS Goldman Sachs Group Inc. | 0.34% | 4,923 | $2.2M | Reduce -9.1% |
| VDE Vanguard Energy ETF | 0.31% | 16,040 | $2.0M | Add +8.4% |
| GTX Garrett Motion Inc. | 0.31% | 236,353 | $2.0M | Add +1.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.30% | 34,246 | $2.0M | No change |
| BCC Boise Cascade Co. | 0.30% | 16,480 | $2.0M | Add +0.3% |
| GLD SPDR Gold Shares | 0.28% | 8,506 | $1.8M | No change |
| REG Regency Centers Corp. | 0.27% | 28,864 | $1.8M | Reduce -5.7% |
| TGT Target Corp. | 0.26% | 11,839 | $1.8M | Reduce -0.6% |
| LH Laboratory CRP of Amer Hldgs | 0.26% | 8,381 | $1.7M | Reduce -5.3% |
| IXC iShares Global Energy ETF | 0.25% | 40,300 | $1.7M | Reduce -4.6% |
| STLA Stellantis NV | 0.24% | 79,266 | $1.6M | Reduce -5.9% |
| HD Home Depot Inc. | 0.22% | 4,292 | $1.5M | No change |
| WM Waste Management Inc. | 0.21% | 6,664 | $1.4M | Reduce -0.6% |
| MRK Merck & Co. Inc. | 0.21% | 11,405 | $1.4M | Add +3.6% |
| CVE Cenovus Energy Inc. | 0.21% | 70,400 | $1.4M | Reduce -0.6% |
| V Visa Inc. Class A | 0.20% | 5,095 | $1.3M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.20% | 7,221 | $1.3M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.20% | 16,076 | $1.3M | No change |
| NVS Novartis AG-Sponsored ADR | 0.19% | 12,009 | $1.3M | Reduce -1.3% |
| CVX Chevron Corp. | 0.19% | 8,034 | $1.3M | Reduce -6.4% |
| CMCSA Comcast Corp. Class A | 0.19% | 31,968 | $1.3M | Reduce -5.6% |
| UBS UBS Group AG-Reg | 0.19% | 41,600 | $1.2M | Reduce -3.5% |
| ITT Itt Inc. | 0.18% | 9,400 | $1.2M | No change |
| SHEL Shell PLC-ADR | 0.18% | 16,200 | $1.2M | No change |
| ANGL Vaneck Fallen Angel High YLD | 0.17% | 41,037 | $1.2M | Reduce -2.7% |
| ABBV Abbvie Inc. | 0.17% | 6,755 | $1.2M | No change |
| NKE Nike Inc. Class B | 0.17% | 15,224 | $1.1M | Add +17.2% |
| JNJ Johnson & Johnson | 0.17% | 7,827 | $1.1M | Reduce -0.6% |
| PSX Phillips 66 | 0.17% | 7,843 | $1.1M | Reduce -4.0% |
Portfolio Sells Q1 2024 → Q2 2024
| WIRE Encore Wire Corp. | Reduce -97.4% | 0.06% | −1.85 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.87 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.47 |
| HON Honeywell International Inc. | Reduce -46.5% | 0.34% | −0.26 |
| WY Weyerhaeuser Co. | Reduce -0.5% | 0.72% | −0.19 |
| STLA Stellantis NV | Reduce -5.9% | 0.24% | −0.12 |
| DOOR Masonite International Corp. | Sold out | 0.00% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.0% | 4.05% | −0.09 |
| FMC FMC Corp. | Reduce -29.9% | 0.15% | −0.08 |
| SJM The JM Smucker Co. | Reduce -49.9% | 0.06% | −0.08 |
| KR Kroger Co. | Reduce -0.4% | 0.56% | −0.08 |
| NOC Northrop Grumman Corp. | Reduce -2.0% | 0.67% | −0.07 |
| JHMM John Hancock Multi Fact Mid | Reduce -0.8% | 1.81% | −0.07 |
| FISV Fiserv Inc. | Reduce -0.9% | 0.97% | −0.07 |
| GXO Gxo Logistics Inc. | Reduce -61.4% | 0.04% | −0.07 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.5% | 2.72% | −0.07 |
| FTRE Fortrea Holdings Inc. | Sold out | 0.00% | −0.06 |
| TGT Target Corp. | Reduce -0.6% | 0.26% | −0.05 |
| SYK Stryker Corp. | Reduce -0.1% | 1.15% | −0.05 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.04 |
| PLD Prologis Inc. | Reduce -9.8% | 0.16% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.0% | 1.63% | −0.04 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.04 |
| ADM Archer-Daniels-Midland Co. | Reduce -4.2% | 0.50% | −0.04 |
| UNP Union Pacific Corp. | Reduce -1.2% | 0.40% | −0.04 |
| PSX Phillips 66 | Reduce -4.0% | 0.17% | −0.03 |
| CLX Clorox Company | Sold out | 0.00% | −0.03 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.03 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.03 |
| INTC Intel Corp. | Sold out | 0.00% | −0.03 |
| LH Laboratory CRP of Amer Hldgs | Reduce -5.3% | 0.26% | −0.03 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -15.3% | 0.14% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -5.6% | 0.19% | −0.03 |
| OI O-I Glass Inc. | Sold out | 0.00% | −0.03 |
| GBIL Goldman Sachs Access Treasur | Reduce -2.0% | 1.69% | −0.03 |
| IBTE iShares Ibonds Dec 2024 Term | Reduce -2.8% | 1.44% | −0.02 |
| TCN Tricon Residential Inc. | Sold out | 0.00% | −0.02 |
| IXC iShares Global Energy ETF | Reduce -4.6% | 0.25% | −0.02 |
| SEB Seaboard Corp. | Reduce -24.5% | 0.05% | −0.02 |
| ES Eversource Energy | Reduce -12.0% | 0.08% | −0.02 |
| SON Sonoco Products Co. | Reduce -3.5% | 0.08% | −0.01 |
| JNJ Johnson & Johnson | Reduce -0.6% | 0.17% | −0.01 |
| SBUX Starbucks Corp. | Reduce -2.9% | 0.07% | −0.01 |
| RYN Rayonier Inc. | Reduce -3.4% | 0.07% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.3% | 0.04% | −0.01 |
| CVX Chevron Corp. | Reduce -6.4% | 0.19% | −0.01 |
| UBS UBS Group AG-Reg | Reduce -3.5% | 0.19% | −0.01 |
| RUSHB Rush Enterprises Inc. Class B | Reduce -3.8% | 0.03% | −0.01 |
| LPX Louisiana-Pacific Corp. | Reduce -1.6% | 0.46% | −0.01 |
| JPST JPMorgan Ultra-Short Income | Reduce -12.2% | 0.08% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| STRL Sterling Infrastructure Inc. | New | 1.02% | +1.02 |
| XOM Exxon Mobil Corp. | Add +372.8% | 1.16% | +0.92 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.5% | 10.05% | +0.45 |
| MSFT Microsoft Corp. | Add +4.4% | 3.77% | +0.41 |
| VGT Vanguard Info Tech ETF | Add +3.1% | 3.17% | +0.41 |
| COST Costco Wholesale Corp. | Add +0.8% | 1.82% | +0.28 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Add +23.0% | 1.14% | +0.27 |
| AVGO Broadcom Inc. | Add +3.6% | 1.05% | +0.22 |
| VOO Vanguard S&P 500 ETF | Add +3.4% | 2.24% | +0.18 |
| MAA Mid-America Apartment Comm | Add +12.9% | 0.89% | +0.17 |
| ADI Analog Devices Inc. | Add +1.4% | 0.88% | +0.14 |
| GSIE Goldman Sachs Activebeta Int | Add +7.8% | 1.74% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 0.59% | +0.11 |
| TKR Timken Co. | Add +23.3% | 0.72% | +0.09 |
| CARR Carrier Global Corp. | Add +0.1% | 0.94% | +0.08 |
| OSK Oshkosh Corp. | Add +32.5% | 0.59% | +0.08 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +11.8% | 0.72% | +0.08 |
| JMST JPM Ultra-Short Muni Income | New | 0.08% | +0.08 |
| IMO Imperial Oil Ltd. | New | 0.06% | +0.06 |
| SGOV iShares 0-3 Month Treasury B | Add +3.5% | 1.35% | +0.06 |
| XAR SS SPDR S&P Aerospace Def | Add +112.3% | 0.10% | +0.05 |
| AMZN Amazon.com Inc. | Add +2.6% | 0.49% | +0.05 |
| DISV Dimensional International SM | Add +3.5% | 1.37% | +0.05 |
| RTX RTX Corp. | Add +1.1% | 0.87% | +0.04 |
| IXUS iShares Core Intl Stock ETF | Add +2.8% | 1.27% | +0.04 |
| TJX TJX Companies Inc. | New | 0.04% | +0.04 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +6.5% | 0.58% | +0.04 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Add +0.6% | 1.57% | +0.03 |
| GLW Corning Inc. | New | 0.03% | +0.03 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.03% | +0.03 |
| DGS Wisdomtree Em Small Cap | Add +0.1% | 0.93% | +0.02 |
| VDE Vanguard Energy ETF | Add +8.4% | 0.31% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +26.2% | 0.05% | +0.02 |
| FBND Fidelity Total Bond ETF | Add +0.6% | 1.76% | +0.02 |
| BAC Bank of America Corp. | Add +10.8% | 0.07% | +0.01 |
| PRF Invesco Rafi US 1000 ETF | Add +0.7% | 1.89% | +0.01 |
| AEM Agnico Eagle Mines Ltd. | Add +4.5% | 0.07% | +0.01 |
| ON On Semiconductor | Add +7.2% | 0.77% | +0.01 |
| MRSH Marsh & McLennan Cos | Add +14.2% | 0.05% | +0.01 |
| LCNB LCNB Corporation | Add +36.4% | 0.03% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +12.5% | 0.04% | +0.00 |
| LMT Lockheed Martin Corp. | Add +11.0% | 0.04% | +0.00 |
| IWD iShares Russell 1000 Value E | Add +6.7% | 0.04% | +0.00 |
| CAT Caterpillar Inc. | Add +7.0% | 0.08% | −0.00 |
| MRK Merck & Co. Inc. | Add +3.6% | 0.21% | −0.00 |
| BP BP PLC-Spons ADR | Add +2.0% | 0.73% | −0.01 |
| NKE Nike Inc. Class B | Add +17.2% | 0.17% | −0.01 |
| BALL Ball Corp. | Add +0.6% | 0.13% | −0.01 |
| HST Host Hotels & Resorts Inc. | Add +0.9% | 0.14% | −0.02 |
| PEP Pepsico Inc. | Add +2.0% | 0.92% | −0.03 |
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 |