# Baker Ellis Asset Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1365559. Source: https://holderbook.com/funds/1365559-baker-ellis-asset-management-llc/

- Reported value: $964.1M
- Positions: 265
- Weight of the ten largest: 35.2%
- Filed: 2026-07-23

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $80.7M | 218,064 | 8.4% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $45.9M | 105,992 | 4.8% | 7 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $40.8M | 48,657 | 4.2% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $37.1M | 74,119 | 3.8% | 31 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $30.3M | 253,459 | 3.1% | 31 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $21.7M | 539,546 | 2.2% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $21.4M | 57,379 | 2.2% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $21.2M | 30,805 | 2.2% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $21.0M | 132,625 | 2.2% | 31 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $19.4M | 424,635 | 2.0% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $17.9M | 54,750 | 1.9% | 31 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $17.8M | 186,101 | 1.8% | 31 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $17.1M | 315,796 | 1.8% | 30 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $16.8M | 368,299 | 1.7% | 22 |
| PIMCO EQUITY SER | [MFUS](https://holderbook.com/stocks/MFUS/) | $16.3M | 242,122 | 1.7% | 26 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $15.2M | 40,155 | 1.6% | 11 |
| JOHN HANCOCK EXCHANGE TRADED | [JHMM](https://holderbook.com/stocks/JHMM/) | $14.2M | 189,511 | 1.5% | 30 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.1M | 45,303 | 1.4% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $13.0M | 13,888 | 1.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $12.3M | 388,699 | 1.3% | 20 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $12.1M | 34,186 | 1.3% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $11.1M | 58,545 | 1.2% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $10.9M | 30,406 | 1.1% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $10.8M | 27,242 | 1.1% | 16 |
| WISDOMTREE TR | [DGS](https://holderbook.com/stocks/DGS/) | $10.6M | 163,084 | 1.1% | 31 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $9.9M | 98,593 | 1.0% | 12 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $9.7M | 35,630 | 1.0% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $9.7M | 13 | 1.0% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $9.7M | 70,739 | 1.0% | 21 |
| KODIAK GAS SVCS INC | [KGS](https://holderbook.com/stocks/KGS/) | $9.7M | 128,558 | 1.0% | 8 |
| TIMKEN CO | [TKR](https://holderbook.com/stocks/TKR/) | $9.5M | 65,243 | 1.0% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.1M | 38,192 | 0.9% | 31 |
| OSHKOSH CORP | [OSK](https://holderbook.com/stocks/OSK/) | $8.8M | 57,487 | 0.9% | 28 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $8.3M | 83,088 | 0.9% | 31 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $8.0M | 84,186 | 0.8% | 14 |
| GARRETT MOTION INC | [GTX](https://holderbook.com/stocks/GTX/) | $7.4M | 204,568 | 0.8% | 19 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $7.4M | 53,227 | 0.8% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $6.7M | 21,398 | 0.7% | 31 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $6.7M | 215,491 | 0.7% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.5M | 8,742 | 0.7% | 31 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $6.5M | 88,463 | 0.7% | 25 |
| MUELLER INDS INC | [MLI](https://holderbook.com/stocks/MLI/) | $6.3M | 51,566 | 0.7% | 6 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $6.1M | 11,814 | 0.6% | 14 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $6.0M | 29,956 | 0.6% | 5 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $5.8M | 120,890 | 0.6% | 11 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $5.8M | 148,944 | 0.6% | 18 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $5.7M | 17,832 | 0.6% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $5.6M | 35,577 | 0.6% | 31 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $5.4M | 50,144 | 0.6% | 25 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $5.0M | 108,550 | 0.5% | 7 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $5.0M | 11,709 | 0.5% | 6 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $4.6M | 9,046 | 0.5% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $4.5M | 6,129 | 0.5% | 30 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $4.5M | 18,274 | 0.5% | 31 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $4.5M | 34,863 | 0.5% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.3M | 3,547 | 0.4% | 12 |
| AGCO CORP | [AGCO](https://holderbook.com/stocks/AGCO/) | $4.1M | 34,595 | 0.4% | 13 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.1M | 29,966 | 0.4% | 31 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $4.0M | 50,275 | 0.4% | 17 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $3.9M | 104,701 | 0.4% | 24 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $3.8M | 12,807 | 0.4% | 31 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $3.7M | 66,310 | 0.4% | 31 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $3.7M | 43,750 | 0.4% | 11 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.5M | 3,464 | 0.4% | 26 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $3.5M | 81,342 | 0.4% | 14 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.4M | 13,294 | 0.4% | 31 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $3.3M | 131,020 | 0.3% | 25 |
| HUNTINGTON INGALLS INDS INC | [HII](https://holderbook.com/stocks/HII/) | $3.3M | 11,735 | 0.3% | 8 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $3.2M | 135,267 | 0.3% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.2M | 15,085 | 0.3% | 30 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $3.2M | 120,980 | 0.3% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $3.2M | 22,746 | 0.3% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $3.0M | 70,983 | 0.3% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.8M | 7,469 | 0.3% | 31 |
| LOUISIANA PAC CORP | [LPX](https://holderbook.com/stocks/LPX/) | $2.7M | 34,905 | 0.3% | 30 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.7M | 9,938 | 0.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.6M | 31,626 | 0.3% | 26 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $2.6M | 48,907 | 0.3% | 4 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $2.5M | 49,175 | 0.3% | 3 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.3M | 14,950 | 0.2% | 31 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $2.3M | 4,800 | 0.2% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.1M | 6,152 | 0.2% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.0M | 17,767 | 0.2% | 31 |
| BOISE CASCADE CO DEL | [BCC](https://holderbook.com/stocks/BCC/) | $2.0M | 25,900 | 0.2% | 26 |
| INGLES MKTS INC | [IMKTA](https://holderbook.com/stocks/IMKTA/) | $2.0M | 22,453 | 0.2% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.0M | 8,806 | 0.2% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.0M | 1,842 | 0.2% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.9M | 14,988 | 0.2% | 31 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $1.9M | 6,615 | 0.2% | 8 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $1.8M | 36,350 | 0.2% | 22 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $1.8M | 7,393 | 0.2% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.8M | 16,214 | 0.2% | 31 |
| ITT INC | [ITT](https://holderbook.com/stocks/ITT/) | $1.7M | 8,450 | 0.2% | 31 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $1.6M | 15,930 | 0.2% | 11 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $1.6M | 20,893 | 0.2% | 18 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $1.6M | 20,120 | 0.2% | 12 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.5M | 6,083 | 0.2% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $1.5M | 29,800 | 0.2% | 9 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.4M | 9,475 | 0.1% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.4M | 4,024 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.9% | +14.8% | -1.0% | 100% |
| Q1 2026 | +1.9% | -4.6% | +6.5% | 100% |
| Q4 2025 | +2.2% | +2.4% | -0.1% | 100% |
| Q3 2025 | +6.8% | +7.8% | -1.1% | 100% |
| Q2 2025 | +6.3% | +10.5% | -4.2% | 100% |
| Q1 2025 | -0.8% | -4.6% | +3.7% | 100% |
| Q4 2024 | -1.5% | +2.1% | -3.6% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $964.1M | 265 |
| Q1 2026 | $842.5M | 254 |
| Q4 2025 | $831.0M | 260 |
| Q3 2025 | $812.0M | 249 |
| Q2 2025 | $728.6M | 216 |
| Q1 2025 | $693.0M | 221 |
| Q4 2024 | $679.6M | 215 |
| Q3 2024 | $706.8M | 226 |
| Q2 2024 | $663.7M | 210 |
| Q1 2024 | $671.6M | 216 |
| Q4 2023 | $623.9M | 216 |
| Q3 2023 | $556.9M | 202 |