Baker Ellis Asset Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 17, 2026), Baker Ellis Asset Management LLC reported 254 stock positions worth $842.5 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 8.5% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.1%) and Lam Research (LRCX, 2.9%). Compared with Q4 2025, it opened 13 new positions, sold out of 19, added to 54 and reduced 114. The biggest buy was Costco Wholesale (COST, shares +1%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Vancouver, WA
- CIK
- 0001365559
- Portfolio Value
- $842.5M (Q1 2026)
- SEC Filing
- 0001941040-26-000226 ↗ filed Apr 17, 2026
Holdings Value
Holdings 254 stocks · $842.5M
| VTI VG Morningstar TS MKT ETF-US | 8.46% | 222,130 | $71.3M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.08% | 71,717 | $34.4M | Reduce -0.1% |
| LRCX Lam Research Corp. | 2.86% | 112,622 | $24.1M | Reduce -3.3% |
| VGT Vanguard Info Tech ETF | 2.66% | 32,173 | $22.4M | Reduce -3.7% |
| DISV Dimensional International SM | 2.53% | 540,343 | $21.3M | Add +2.9% |
| MSFT Microsoft Corp. | 2.52% | 57,314 | $21.2M | Add +1.4% |
| STRL Sterling Infrastructure Inc. | 2.49% | 51,470 | $21.0M | Reduce -1.4% |
| VYM Vanguard High DVD Yield ETF | 2.36% | 134,484 | $19.9M | Reduce -0.6% |
| GSIE Goldman Sachs Activebeta Int | 2.16% | 422,366 | $18.2M | Add +0.0% |
| VOO Vanguard S&P 500 ETF | 2.03% | 28,604 | $17.1M | Reduce -3.5% |
| FBND Fidelity Total Bond ETF | 2.02% | 373,551 | $17.0M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 1.93% | 55,355 | $16.3M | Reduce -0.1% |
| IXUS iShares Core Intl Stock ETF | 1.90% | 184,470 | $16.0M | Add +4.3% |
| PRF Invesco Rafi US 1000 ETF | 1.80% | 318,719 | $15.1M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 1.64% | 13,871 | $13.8M | Add +0.7% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 1.59% | 228,668 | $13.4M | Add +0.2% |
| JHMM John Hancock Multi Fact Mid | 1.52% | 190,546 | $12.8M | Add +0.4% |
| AVGO Broadcom Inc. | 1.47% | 40,075 | $12.4M | Reduce -0.7% |
| XOM Exxon Mobil Corp. | 1.43% | 71,033 | $12.1M | Reduce -1.3% |
| SCHD Schwab US DVD Equity ETF | 1.40% | 383,399 | $11.8M | Add +0.0% |
| RTX RTX Corp. | 1.34% | 58,710 | $11.3M | Reduce -1.2% |
| AAPL Apple Inc. | 1.34% | 44,543 | $11.3M | Reduce -1.1% |
| SGOV iShares 0-3 Month Treasury B | 1.33% | 111,428 | $11.2M | Add +6.5% |
| GBIL Goldman Sachs Access Treasur | 1.20% | 100,621 | $10.1M | Reduce -7.0% |
| DGS Wisdomtree Em Small Cap | 1.17% | 164,465 | $9.9M | Add +6.5% |
| GOOG Alphabet Inc. Class C | 1.16% | 34,021 | $9.8M | Reduce -0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.11% | 13 | $9.3M | No change |
| GOOGL Alphabet Inc. Class A | 1.04% | 30,406 | $8.7M | Reduce -2.0% |
| ADI Analog Devices Inc. | 1.03% | 27,210 | $8.7M | Reduce -0.1% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 1.00% | 35,526 | $8.4M | Reduce -2.4% |
| OSK Oshkosh Corp. | 0.99% | 56,698 | $8.3M | Reduce -0.1% |
| KGS Kodiak Gas Services Inc. | 0.89% | 129,057 | $7.5M | Reduce -0.4% |
| SYK Stryker Corp. | 0.82% | 20,924 | $6.9M | Add +0.5% |
| MAA Mid-America Apartment Comm | 0.78% | 54,116 | $6.6M | Add +12.4% |
| TAP Molson Coors Beverage Co. Class B | 0.78% | 152,042 | $6.5M | Add +1.2% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.77% | 133,165 | $6.5M | Reduce -2.8% |
| TKR Timken Co. | 0.77% | 64,163 | $6.5M | Add +1.6% |
| NOC Northrop Grumman Corp. | 0.75% | 9,231 | $6.3M | Reduce -2.9% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.72% | 217,446 | $6.1M | Add +3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.67% | 8,741 | $5.7M | Reduce -0.9% |
| MLI Mueller Industries Inc. | 0.67% | 50,966 | $5.6M | Add +0.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.66% | 108,850 | $5.6M | Add +2.4% |
| AMZN Amazon.com Inc. | 0.66% | 26,503 | $5.5M | Add +2.9% |
| COF Capital One Financial Corp. | 0.66% | 30,247 | $5.5M | Add +0.4% |
| GLDM SPDR Gold Minishares Trust | 0.60% | 54,665 | $5.1M | Reduce -9.1% |
| PNW Pinnacle West Capital | 0.59% | 49,544 | $5.0M | Add +3.0% |
| CARR Carrier Global Corp. | 0.59% | 88,599 | $5.0M | Reduce -1.2% |
| PSA Public Storage | 0.59% | 18,212 | $4.9M | Add +3.1% |
| VT Vanguard Tot World STK ETF | 0.58% | 35,625 | $4.9M | Add +0.0% |
| BP BP PLC-Spons ADR | 0.58% | 104,800 | $4.9M | Reduce -3.7% |
| ON On Semiconductor | 0.58% | 78,816 | $4.9M | Add +12.5% |
| KR Kroger Co. | 0.57% | 66,850 | $4.8M | Reduce -0.2% |
| PEP Pepsico Inc. | 0.56% | 30,504 | $4.7M | Reduce -3.0% |
| HII Huntington Ingalls Industrie | 0.53% | 11,735 | $4.5M | Add +0.6% |
| ETN Eaton Corp. PLC | 0.50% | 11,709 | $4.2M | Add +0.2% |
| AGCO Agco Corp. | 0.48% | 34,895 | $4.0M | Add +2.0% |
| FMX Fomento Economico Mex-SP ADR | 0.48% | 36,067 | $4.0M | Reduce -1.4% |
| SNY Sanofi-ADR | 0.48% | 83,067 | $4.0M | Reduce -0.5% |
| GTX Garrett Motion Inc. | 0.45% | 209,946 | $3.8M | Reduce -0.1% |
| VXF Vanguard Extended Market ETF | 0.45% | 18,274 | $3.8M | No change |
| HSIC Henry Schein Inc. filed as SCHEIN HENRY INC | 0.42% | 48,343 | $3.6M | Reduce -2.0% |
| VZ Verizon Communications Inc. | 0.42% | 70,941 | $3.6M | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.42% | 6,134 | $3.5M | Reduce -0.8% |
| VHT Vanguard Health Care ETF | 0.42% | 12,937 | $3.5M | Add +0.9% |
| WY Weyerhaeuser Co. | 0.39% | 135,816 | $3.3M | Reduce -0.1% |
| GLD SPDR Gold Shares | 0.39% | 7,704 | $3.3M | Reduce -4.5% |
| LLY Eli Lilly & Co. | 0.39% | 3,545 | $3.3M | Add +0.3% |
| GS Goldman Sachs Group Inc. | 0.38% | 3,739 | $3.2M | Reduce -1.3% |
| JNJ Johnson & Johnson | 0.37% | 12,665 | $3.1M | Add +1.5% |
| KIM Kimco Realty Corp. | 0.35% | 131,120 | $2.9M | Add +1.2% |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 15,185 | $2.9M | Reduce -6.2% |
| AMRZ Amrize Ltd. | 0.33% | 50,205 | $2.8M | Add +3.1% |
| LPX Louisiana-Pacific Corp. | 0.30% | 34,905 | $2.5M | Reduce -0.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.29% | 32,626 | $2.5M | No change |
| UNP Union Pacific Corp. | 0.29% | 9,968 | $2.4M | Reduce -2.5% |
| SCHP Schwab U.S. Tips ETF | 0.28% | 87,880 | $2.3M | Add +8.9% |
| NVS Novartis AG-Sponsored ADR | 0.27% | 14,950 | $2.3M | Reduce -2.0% |
| WMT Walmart Inc. | 0.26% | 17,687 | $2.2M | Reduce -0.1% |
| IMKTA Ingles Markets Inc. Class A | 0.24% | 22,578 | $2.0M | Reduce -3.1% |
| WM Waste Management Inc. | 0.24% | 8,806 | $2.0M | Reduce -0.6% |
| SHEL Shell PLC-ADR | 0.24% | 21,393 | $2.0M | Reduce -4.0% |
| V Visa Inc. Class A | 0.23% | 6,427 | $1.9M | No change |
| HON Honeywell International Inc. | 0.23% | 8,549 | $1.9M | No change |
| VTIP Vanguard Short-Term Tips | 0.22% | 37,900 | $1.9M | Add +24.7% |
| LH Labcorp Holdings Inc. | 0.22% | 7,005 | $1.9M | No change |
| MRK Merck & Co. Inc. | 0.21% | 14,988 | $1.8M | No change |
| BCC Boise Cascade Co. | 0.19% | 21,570 | $1.6M | Add +1.8% |
| ITT Itt Inc. | 0.19% | 8,550 | $1.6M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.19% | 7,413 | $1.6M | Add +0.4% |
| REG Regency Centers Corp. | 0.19% | 21,203 | $1.6M | Reduce -1.8% |
| AVDV Avantis Intl S/C Value ETF | 0.19% | 15,830 | $1.6M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.19% | 16,214 | $1.6M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.18% | 9,575 | $1.5M | Reduce -3.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.18% | 29,800 | $1.5M | Reduce -6.3% |
| VDE Vanguard Energy ETF | 0.18% | 8,725 | $1.5M | Add +7.4% |
| OUNZ Vaneck Merk Gold ETF | 0.18% | 33,000 | $1.5M | Reduce -10.8% |
| UBS UBS Group AG-Reg | 0.17% | 37,250 | $1.5M | Add +0.3% |
| AEM Agnico Eagle Mines Ltd. | 0.17% | 7,050 | $1.4M | Reduce -6.6% |
| TER Teradyne Inc. | 0.17% | 4,700 | $1.4M | No change |
| CAT Caterpillar Inc. | 0.16% | 1,957 | $1.4M | Reduce -9.3% |
Portfolio Sells Q4 2025 → Q1 2026
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.5% | 8.46% | −0.55 |
| VGT Vanguard Info Tech ETF | Reduce -3.7% | 2.66% | −0.37 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 4.08% | −0.26 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 1.93% | −0.22 |
| AVGO Broadcom Inc. | Reduce -0.7% | 1.47% | −0.21 |
| VOO Vanguard S&P 500 ETF | Reduce -3.5% | 2.03% | −0.21 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 1.16% | −0.13 |
| AAPL Apple Inc. | Reduce -1.1% | 1.34% | −0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -2.0% | 1.04% | −0.13 |
| GBIL Goldman Sachs Access Treasur | Reduce -7.0% | 1.20% | −0.10 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -2.4% | 1.00% | −0.10 |
| XAR SS SPDR S&P Aerospace Def | Reduce -72.8% | 0.03% | −0.09 |
| FBND Fidelity Total Bond ETF | Reduce -1.0% | 2.02% | −0.07 |
| PINS Pinterest Inc. Class A | Reduce -1.5% | 0.11% | −0.05 |
| NWS News Corp. Class B | Reduce -26.1% | 0.12% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.9% | 0.67% | −0.05 |
| FXE Invesco Currencyshares Euro | Sold out | 0.00% | −0.05 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.04 |
| ORCL Oracle Corp. | Reduce -25.9% | 0.05% | −0.04 |
| ANGL Vaneck Fallen Angel High YLD | Sold out | 0.00% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -8.9% | 0.14% | −0.04 |
| LPX Louisiana-Pacific Corp. | Reduce -0.3% | 0.30% | −0.04 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -2.8% | 0.77% | −0.04 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.8% | 0.42% | −0.04 |
| PCH Potlatchdeltic Corp. | Sold out | 0.00% | −0.04 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.03 |
| INTF iShares International Equity | Reduce -37.5% | 0.06% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.03 |
| THO Thor Industries Inc. | Sold out | 0.00% | −0.03 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Sold out | 0.00% | −0.03 |
| PSLV Sprott Physical Silver Trust | Sold out | 0.00% | −0.03 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.03 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.03 |
| ACN Accenture PLC Class A | Reduce -8.4% | 0.05% | −0.03 |
| RSP Invesco S&P 500 Equal Weight | Reduce -6.2% | 0.35% | −0.03 |
| HSIC Henry Schein Inc. | Reduce -2.0% | 0.42% | −0.03 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -1.3% | 0.38% | −0.03 |
| CRH CRH PLC | Reduce -8.7% | 0.08% | −0.03 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.02 |
| MET Metlife Inc. | Sold out | 0.00% | −0.02 |
| NXST Nexstar Media Group Inc. | Sold out | 0.00% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.02 |
| SONY Sony Group Corp. - SP ADR | Reduce -32.2% | 0.03% | −0.02 |
| BAC Bank of America Corp. | Reduce -3.1% | 0.12% | −0.02 |
| PRF Invesco Rafi US 1000 ETF | Reduce -1.1% | 1.80% | −0.02 |
| IFN Aberdeen India Fund Inc. | Sold out | 0.00% | −0.02 |
| ADP Automatic Data Processing | Reduce -1.1% | 0.07% | −0.02 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -32.6% | 0.06% | −0.02 |
| COR Cencora Inc. | Reduce -7.6% | 0.09% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| COST Costco Wholesale Corp. | Add +0.7% | 1.64% | +0.21 |
| SLB SLB Ltd. | Add +2.4% | 0.66% | +0.17 |
| SCHD Schwab US DVD Equity ETF | Add +0.0% | 1.40% | +0.13 |
| DISV Dimensional International SM | Add +2.9% | 2.53% | +0.13 |
| TKR Timken Co. | Add +1.6% | 0.77% | +0.13 |
| ON On Semiconductor | Add +12.5% | 0.58% | +0.12 |
| DGS Wisdomtree Em Small Cap | Add +6.5% | 1.17% | +0.11 |
| IXUS iShares Core Intl Stock ETF | Add +4.3% | 1.90% | +0.09 |
| PNW Pinnacle West Capital | Add +3.0% | 0.59% | +0.08 |
| SGOV iShares 0-3 Month Treasury B | Add +6.5% | 1.33% | +0.07 |
| DFSV Dimensional US Small Cap Val | Add +197.5% | 0.10% | +0.07 |
| FLLA Franklin Ftse Latin America | Add +139.4% | 0.10% | +0.06 |
| RYN Rayonier Inc. | Add +189.7% | 0.09% | +0.06 |
| JNJ Johnson & Johnson | Add +1.5% | 0.37% | +0.06 |
| VDE Vanguard Energy ETF | Add +7.4% | 0.18% | +0.06 |
| DMC Del Monte Corp. | New | 0.05% | +0.05 |
| HII Huntington Ingalls Industrie | Add +0.6% | 0.53% | +0.05 |
| AGCO Agco Corp. | Add +2.0% | 0.48% | +0.05 |
| ETN Eaton Corp. PLC | Add +0.2% | 0.50% | +0.05 |
| FNDA Schwab Fndmntl US SM Co. ETF | New | 0.05% | +0.05 |
| VTIP Vanguard Short-Term Tips | Add +24.7% | 0.22% | +0.04 |
| INSW International Seaways Inc. | New | 0.03% | +0.03 |
| PSX Phillips 66 | Add +0.0% | 0.12% | +0.03 |
| TROW T Rowe Price Group Inc. | New | 0.03% | +0.03 |
| PSA Public Storage | Add +3.1% | 0.59% | +0.03 |
| KIM Kimco Realty Corp. | Add +1.2% | 0.35% | +0.03 |
| WIP State Street SPDR Ftse Inter | New | 0.03% | +0.03 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.5% | 0.72% | +0.03 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Add +0.2% | 1.59% | +0.03 |
| TGT Target Corp. | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | New | 0.03% | +0.03 |
| NTR Nutrien Ltd. | New | 0.03% | +0.03 |
| ELD Wisdomtree Emrg MKTS Debt | New | 0.03% | +0.03 |
| SIVR Abrdn Physical Silver Shares | New | 0.02% | +0.02 |
| RUSHA Rush Enterprises Inc. Class A | New | 0.02% | +0.02 |
| DTE DTE Energy Company | New | 0.02% | +0.02 |
| JHMM John Hancock Multi Fact Mid | Add +0.4% | 1.52% | +0.02 |
| NWSA News Corp. Class A | Add +64.4% | 0.06% | +0.02 |
| BSV Vanguard Short-Term Bond ETF | Add +46.0% | 0.07% | +0.02 |
| SCHP Schwab U.S. Tips ETF | Add +8.9% | 0.28% | +0.02 |
| INFL Horizon Kinetics Infl Benef | Add +2.6% | 0.12% | +0.02 |
| AMRZ Amrize Ltd. | Add +3.1% | 0.33% | +0.02 |
| ARCO Arcos Dorados Holdings Inc. Class A | Add +20.1% | 0.06% | +0.02 |
| SON Sonoco Products Co. | Add +3.9% | 0.03% | +0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +5.8% | 0.09% | +0.01 |
| ELDN Eledon Pharmaceuticals Inc. | New | 0.01% | +0.01 |
| BCC Boise Cascade Co. | Add +1.8% | 0.19% | +0.01 |
| PLD Prologis Inc. | Add +3.0% | 0.13% | +0.01 |
| EWS iShares MSCI Singapore ETF | Add +13.1% | 0.05% | +0.01 |
| AVUV Avantis US Small Cap Value | Add +6.8% | 0.04% | +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 |