Baker Ellis Asset Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), Baker Ellis Asset Management LLC reported 226 stock positions worth $706.8 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 9.8% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.4%) and Microsoft (MSFT, 3.4%). Compared with Q2 2024, it opened 22 new positions, sold out of 6, added to 61 and reduced 100. The biggest buy was a new position in Kodiak Gas Services (KGS) and the biggest sale Lam Research (LRCX, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Vancouver, WA
- CIK
- 0001365559
- Portfolio Value
- $706.8M (Q3 2024)
- SEC Filing
- 0001941040-24-000433 ↗ filed Oct 15, 2024
Holdings Value
Holdings 226 stocks · $706.8M
| VTI VG Morningstar TS MKT ETF-US | 9.78% | 244,182 | $69.1M | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.37% | 67,077 | $30.9M | Add +1.4% |
| MSFT Microsoft Corp. | 3.42% | 56,214 | $24.2M | Add +0.5% |
| VGT Vanguard Info Tech ETF | 2.92% | 35,128 | $20.6M | Reduce -3.6% |
| VYM Vanguard High DVD Yield ETF | 2.69% | 148,448 | $19.0M | Reduce -2.4% |
| VOO Vanguard S&P 500 ETF | 2.15% | 28,824 | $15.2M | Reduce -3.1% |
| FBND Fidelity Total Bond ETF | 1.94% | 293,034 | $13.7M | Add +12.6% |
| PRF Invesco Rafi US 1000 ETF | 1.86% | 324,035 | $13.2M | Reduce -1.9% |
| JHMM John Hancock Multi Fact Mid | 1.79% | 210,718 | $12.7M | Reduce -3.5% |
| COST Costco Wholesale Corp. | 1.75% | 13,980 | $12.4M | Reduce -1.7% |
| GSIE Goldman Sachs Activebeta Int | 1.75% | 341,500 | $12.4M | Reduce -0.6% |
| SCHD Schwab US DVD Equity ETF | 1.62% | 135,243 | $11.4M | Reduce -2.6% |
| GBIL Goldman Sachs Access Treasur | 1.60% | 112,818 | $11.3M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 1.55% | 51,982 | $11.0M | Reduce -1.5% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 1.54% | 215,652 | $10.9M | Reduce -2.1% |
| LRCX Lam Research Corp. | 1.46% | 12,673 | $10.3M | Reduce -2.6% |
| AAPL Apple Inc. | 1.42% | 42,930 | $10.0M | Reduce -0.5% |
| DISV Dimensional International SM | 1.40% | 340,863 | $9.9M | Add +0.9% |
| SGOV iShares 0-3 Month Treasury B | 1.35% | 94,896 | $9.6M | Add +6.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.27% | 13 | $9.0M | No change |
| IXUS iShares Core Intl Stock ETF | 1.26% | 123,015 | $8.9M | Reduce -1.2% |
| IBTE iShares Ibonds Dec 2024 Term | 1.17% | 343,389 | $8.2M | Reduce -13.6% |
| XOM Exxon Mobil Corp. | 1.13% | 68,134 | $8.0M | Add +1.5% |
| STRL Sterling Infrastructure Inc. | 1.13% | 54,875 | $8.0M | Reduce -4.1% |
| SYK Stryker Corp. | 1.13% | 22,016 | $8.0M | Reduce -1.8% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 1.12% | 38,308 | $7.9M | Add +0.0% |
| CARR Carrier Global Corp. | 1.11% | 97,906 | $7.9M | Reduce -0.6% |
| FISV Fiserv Inc. | 1.09% | 42,830 | $7.7M | Reduce -0.6% |
| AVGO Broadcom Inc. | 1.09% | 44,585 | $7.7M | Add +2.4% |
| TAP Molson Coors Beverage Co. Class B | 1.08% | 133,282 | $7.7M | Add +0.2% |
| RTX RTX Corp. | 1.01% | 58,720 | $7.1M | Add +1.9% |
| MAA Mid-America Apartment Comm | 0.96% | 42,888 | $6.8M | Add +3.5% |
| DGS Wisdomtree Em Small Cap | 0.95% | 124,717 | $6.7M | Add +3.9% |
| PEP Pepsico Inc. | 0.87% | 36,033 | $6.1M | Reduce -3.0% |
| ADI Analog Devices Inc. | 0.83% | 25,572 | $5.9M | Add +0.3% |
| WY Weyerhaeuser Co. | 0.81% | 169,567 | $5.7M | Add +0.3% |
| FBIN Fortune Brands Innovations I | 0.79% | 62,305 | $5.6M | Add +1.7% |
| SKX Skechers USA Inc. Class A | 0.78% | 82,085 | $5.5M | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 0.77% | 32,713 | $5.5M | Reduce -3.4% |
| ON On Semiconductor | 0.76% | 73,636 | $5.3M | Reduce -0.6% |
| SNY Sanofi-ADR | 0.75% | 92,189 | $5.3M | Reduce -0.5% |
| TKR Timken Co. | 0.75% | 62,873 | $5.3M | Add +5.2% |
| NOC Northrop Grumman Corp. | 0.75% | 10,026 | $5.3M | Reduce -1.4% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.72% | 104,400 | $5.1M | Add +4.2% |
| GPK Graphic Packaging Holding Co. | 0.71% | 168,904 | $5.0M | Add +1.5% |
| DFS Discover Financial Services | 0.63% | 31,597 | $4.4M | Reduce -3.7% |
| VT Vanguard Tot World STK ETF | 0.63% | 36,929 | $4.4M | Reduce -2.6% |
| BP BP PLC-Spons ADR | 0.61% | 138,130 | $4.3M | Add +2.3% |
| PNW Pinnacle West Capital | 0.60% | 48,239 | $4.3M | Reduce -1.8% |
| FMX Fomento Economico Mex-SP ADR | 0.60% | 43,200 | $4.3M | Reduce -0.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.59% | 57,962 | $4.2M | Add +0.3% |
| BAX Baxter International Inc. | 0.58% | 107,365 | $4.1M | Add +1.2% |
| HSIC Henry Schein Inc. | 0.58% | 55,886 | $4.1M | Reduce -0.1% |
| IMKTA Ingles Markets Inc. Class A | 0.57% | 53,819 | $4.0M | Reduce -3.3% |
| AGCO Agco Corp. | 0.56% | 40,749 | $4.0M | Add +0.1% |
| LPX Louisiana-Pacific Corp. | 0.56% | 36,982 | $4.0M | Reduce -0.8% |
| KR Kroger Co. | 0.56% | 68,955 | $4.0M | Reduce -7.9% |
| OSK Oshkosh Corp. | 0.53% | 37,092 | $3.7M | Add +2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 6,476 | $3.7M | Reduce -0.6% |
| VXF Vanguard Extended Market ETF | 0.50% | 19,324 | $3.5M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 0.50% | 21,155 | $3.5M | Reduce -2.0% |
| KGS Kodiak Gas Services Inc. | 0.49% | 120,101 | $3.5M | New |
| VHT Vanguard Health Care ETF | 0.49% | 12,227 | $3.5M | Reduce -5.0% |
| RSP Invesco S&P 500 Equal Weight | 0.48% | 19,039 | $3.4M | Add +0.5% |
| VZ Verizon Communications Inc. | 0.46% | 72,513 | $3.3M | Add +2.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.45% | 6,490 | $3.2M | Add +1.0% |
| AMZN Amazon.com Inc. | 0.45% | 16,950 | $3.2M | Add +1.2% |
| KIM Kimco Realty Corp. | 0.43% | 130,853 | $3.0M | Add +1.5% |
| ADM Archer-Daniels-Midland Co. | 0.42% | 49,580 | $3.0M | Reduce -9.7% |
| HII Huntington Ingalls Industrie | 0.41% | 10,850 | $2.9M | New |
| GLDM SPDR Gold Minishares Trust | 0.40% | 54,000 | $2.8M | Reduce -1.9% |
| UNP Union Pacific Corp. | 0.39% | 11,071 | $2.7M | Reduce -6.4% |
| BCC Boise Cascade Co. | 0.33% | 16,480 | $2.3M | No change |
| GS Goldman Sachs Group Inc. | 0.31% | 4,468 | $2.2M | Reduce -9.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.31% | 34,246 | $2.2M | No change |
| GLD SPDR Gold Shares | 0.28% | 8,116 | $2.0M | Reduce -4.6% |
| REG Regency Centers Corp. | 0.27% | 26,543 | $1.9M | Reduce -8.0% |
| HON Honeywell International Inc. | 0.27% | 9,236 | $1.9M | Reduce -11.9% |
| GTX Garrett Motion Inc. | 0.26% | 227,847 | $1.9M | Reduce -3.6% |
| LH Labcorp Holdings Inc. | 0.26% | 8,139 | $1.8M | New |
| VDE Vanguard Energy ETF | 0.26% | 14,730 | $1.8M | Reduce -8.2% |
| TGT Target Corp. | 0.24% | 10,979 | $1.7M | Reduce -7.3% |
| HD Home Depot Inc. | 0.23% | 4,050 | $1.6M | Reduce -5.6% |
| IXC iShares Global Energy ETF | 0.22% | 38,325 | $1.6M | Reduce -4.9% |
| ABBV Abbvie Inc. | 0.21% | 7,343 | $1.5M | Add +8.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.21% | 7,221 | $1.4M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.20% | 16,076 | $1.4M | No change |
| ITT Itt Inc. | 0.20% | 9,260 | $1.4M | Reduce -1.5% |
| WMT Walmart Inc. | 0.20% | 17,097 | $1.4M | Add +7.0% |
| MRK Merck & Co. Inc. | 0.19% | 12,088 | $1.4M | Add +6.0% |
| NVS Novartis AG-Sponsored ADR | 0.19% | 11,884 | $1.4M | Reduce -1.0% |
| V Visa Inc. Class A | 0.19% | 4,934 | $1.4M | Reduce -3.2% |
| WM Waste Management Inc. | 0.19% | 6,506 | $1.4M | Reduce -2.4% |
| UBS UBS Group AG-Reg | 0.18% | 41,600 | $1.3M | No change |
| NKE Nike Inc. Class B | 0.18% | 14,249 | $1.3M | Reduce -6.4% |
| JNJ Johnson & Johnson | 0.18% | 7,707 | $1.2M | Reduce -1.5% |
| VPU Vanguard Utilities ETF | 0.17% | 7,000 | $1.2M | No change |
| ANGL Vaneck Fallen Angel High YLD | 0.17% | 40,286 | $1.2M | Reduce -1.8% |
| PLD Prologis Inc. | 0.16% | 9,150 | $1.2M | Reduce -1.1% |
| CMCSA Comcast Corp. Class A | 0.16% | 27,568 | $1.2M | Reduce -13.8% |
Portfolio Sells Q2 2024 → Q3 2024
| LRCX Lam Research Corp. | Reduce -2.6% | 1.46% | −0.63 |
| IBTE iShares Ibonds Dec 2024 Term | Reduce -13.6% | 1.17% | −0.27 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.1% | 9.78% | −0.27 |
| LH Laboratory CRP of Amer Hldgs | Sold out | 0.00% | −0.26 |
| VGT Vanguard Info Tech ETF | Reduce -3.6% | 2.92% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -3.4% | 0.77% | −0.16 |
| STLA Stellantis NV | Reduce -24.0% | 0.12% | −0.12 |
| FMX Fomento Economico Mex-SP ADR | Reduce -0.6% | 0.60% | −0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -2.0% | 0.50% | −0.10 |
| SKX Skechers USA Inc. Class A | Reduce -1.5% | 0.78% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -3.1% | 2.15% | −0.09 |
| ADM Archer-Daniels-Midland Co. | Reduce -9.7% | 0.42% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -1.7% | 1.75% | −0.07 |
| HON Honeywell International Inc. | Reduce -11.9% | 0.27% | −0.07 |
| FMC FMC Corp. | Reduce -43.3% | 0.09% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -1.5% | 1.55% | −0.06 |
| PEP Pepsico Inc. | Reduce -3.0% | 0.87% | −0.06 |
| WIRE Encore Wire Corp. | Sold out | 0.00% | −0.06 |
| VDE Vanguard Energy ETF | Reduce -8.2% | 0.26% | −0.05 |
| CVE Cenovus Energy Inc. | Reduce -5.7% | 0.16% | −0.05 |
| CVX Chevron Corp. | Reduce -12.7% | 0.15% | −0.04 |
| GTX Garrett Motion Inc. | Reduce -3.6% | 0.26% | −0.04 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Reduce -43.7% | 0.04% | −0.04 |
| GXO Gxo Logistics Inc. | Sold out | 0.00% | −0.04 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.04 |
| IXC iShares Global Energy ETF | Reduce -4.9% | 0.22% | −0.03 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.03 |
| EXPO Exponent Inc. | Reduce -29.4% | 0.13% | −0.03 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Reduce -2.1% | 1.54% | −0.03 |
| PSX Phillips 66 | Reduce -5.1% | 0.14% | −0.03 |
| VHT Vanguard Health Care ETF | Reduce -5.0% | 0.49% | −0.03 |
| PRF Invesco Rafi US 1000 ETF | Reduce -1.9% | 1.86% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -13.8% | 0.16% | −0.03 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.4% | 2.69% | −0.02 |
| SYK Stryker Corp. | Reduce -1.8% | 1.13% | −0.02 |
| OIH Vaneck Oil Services ETF | Reduce -18.4% | 0.05% | −0.02 |
| WM Waste Management Inc. | Reduce -2.4% | 0.19% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -9.2% | 0.31% | −0.02 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -16.8% | 0.14% | −0.02 |
| TGT Target Corp. | Reduce -7.3% | 0.24% | −0.02 |
| HST Host Hotels & Resorts Inc. | Reduce -6.0% | 0.12% | −0.02 |
| DFS Discover Financial Services | Reduce -3.7% | 0.63% | −0.02 |
| PLPC Preformed Line Products Co. | Reduce -15.7% | 0.08% | −0.02 |
| VT Vanguard Tot World STK ETF | Reduce -2.6% | 0.63% | −0.02 |
| EW Edwards Lifesciences Corp. | Reduce -4.3% | 0.03% | −0.02 |
| UNP Union Pacific Corp. | Reduce -6.4% | 0.39% | −0.02 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -6.1% | 0.11% | −0.02 |
| PHYS Sprott Physical Gold Trust | Reduce -25.4% | 0.06% | −0.02 |
| JHMM John Hancock Multi Fact Mid | Reduce -3.5% | 1.79% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| KGS Kodiak Gas Services Inc. | New | 0.49% | +0.49 |
| HII Huntington Ingalls Industrie | New | 0.41% | +0.41 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.4% | 4.37% | +0.32 |
| LH Labcorp Holdings Inc. | New | 0.26% | +0.26 |
| FBIN Fortune Brands Innovations I | Add +1.7% | 0.79% | +0.19 |
| FBND Fidelity Total Bond ETF | Add +12.6% | 1.94% | +0.18 |
| RTX RTX Corp. | Add +1.9% | 1.01% | +0.13 |
| WY Weyerhaeuser Co. | Add +0.3% | 0.81% | +0.09 |
| CB Chubb Ltd. | New | 0.08% | +0.08 |
| MAA Mid-America Apartment Comm | Add +3.5% | 0.96% | +0.07 |
| TAP Molson Coors Beverage Co. Class B | Add +0.2% | 1.08% | +0.07 |
| MCD McDonald's Corp. | New | 0.06% | +0.06 |
| IWM iShares Russell 2000 ETF | New | 0.05% | +0.05 |
| KIM Kimco Realty Corp. | Add +1.5% | 0.43% | +0.05 |
| IJR iShares Core S&P Small-Cap E | Add +56.4% | 0.13% | +0.05 |
| GPK Graphic Packaging Holding Co. | Add +1.5% | 0.71% | +0.05 |
| ACN Accenture PLC Class A | New | 0.05% | +0.05 |
| BAX Baxter International Inc. | Add +1.2% | 0.58% | +0.04 |
| STZ Constellation Brands Inc. Class A | New | 0.04% | +0.04 |
| AVUV Avantis US Small Cap Value | New | 0.04% | +0.04 |
| ABT Abbott Laboratories | New | 0.04% | +0.04 |
| AVGO Broadcom Inc. | Add +2.4% | 1.09% | +0.04 |
| JMST JPM Ultra-Short Muni Income | Add +50.5% | 0.11% | +0.03 |
| WMT Walmart Inc. | Add +7.0% | 0.20% | +0.03 |
| CLX Clorox Company | New | 0.03% | +0.03 |
| PGR Progressive Corp. | New | 0.03% | +0.03 |
| MDLZ Mondelez International Inc. Class A | New | 0.03% | +0.03 |
| DISV Dimensional International SM | Add +0.9% | 1.40% | +0.03 |
| IRM Iron Mountain Inc. | New | 0.03% | +0.03 |
| ABBV Abbvie Inc. | Add +8.7% | 0.21% | +0.03 |
| VXUS Vanguard Total Intl Stock | New | 0.03% | +0.03 |
| PH Parker Hannifin Corp. | New | 0.03% | +0.03 |
| SDY SS SPDR S&P Dividend ETF | New | 0.03% | +0.03 |
| MET Metlife Inc. | New | 0.03% | +0.03 |
| UDR Udr Inc. | New | 0.03% | +0.03 |
| WNC Wabash National Corp. | New | 0.03% | +0.03 |
| TKR Timken Co. | Add +5.2% | 0.75% | +0.03 |
| ARCO Arcos Dorados Holdings Inc. Class A | Add +203.6% | 0.04% | +0.03 |
| ETR Entergy Corp. | Add +8.5% | 0.12% | +0.02 |
| LMNR Limoneira Co. | Add +5.3% | 0.12% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +14.9% | 0.09% | +0.02 |
| ADP Automatic Data Processing | Add +12.0% | 0.12% | +0.02 |
| VZ Verizon Communications Inc. | Add +2.4% | 0.46% | +0.02 |
| NEE Nextera Energy Inc. | Add +4.6% | 0.14% | +0.02 |
| CAT Caterpillar Inc. | Add +11.1% | 0.09% | +0.02 |
| DGS Wisdomtree Em Small Cap | Add +3.9% | 0.95% | +0.02 |
| VCIT Vanguard Int-Term Corporate | Add +20.6% | 0.10% | +0.02 |
| PSLV Sprott Physical Silver Trust | New | 0.02% | +0.02 |
| AVDV Avantis Intl S/C Value ETF | Add +33.8% | 0.06% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +23.3% | 0.08% | +0.02 |
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 |