13F HOLDINGS REPORT

Baker Ellis Asset Management LLC

Quarter ended Q4 2023 · Filed October 24, 2023 · Accession 0001941040-23-000295

Total Value

$556.9M

Positions

202

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (202)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD INDEX FDS	922908769	254,665	$54.1M	9.71%
2	BERKSHIRE HATHAWAY INC DEL	BRK-A	63,964	$22.4M	4.02%
3	MICROSOFT CORP	MSFT	53,451	$16.9M	3.03%
4	VANGUARD WHITEHALL FDS	921946406	162,760	$16.8M	3.02%
5	VANGUARD WORLD FDS	92204A702	36,543	$15.2M	2.72%
6	SCHWAB STRATEGIC TR	808524797	185,553	$13.1M	2.36%
7	GOLDMAN SACHS ETF TR	NVGLF	126,378	$12.7M	2.27%
8	ISHARES TR	46436E874	453,253	$10.8M	1.94%
9	VANGUARD INDEX FDS	922908363	27,468	$10.8M	1.94%
10	JOHN HANCOCK EXCHANGE TRADED	47804J206	219,563	$10.4M	1.87%
11	INVESCO EXCHANGE TRADED FD T	IVZ	324,810	$10.3M	1.86%
12	FIDELITY MERRIMACK STR TR	316188309	227,250	$9.9M	1.78%
13	GOLDMAN SACHS ETF TR	NVGLF	312,155	$9.4M	1.68%
14	ENCORE WIRE CORP	ECR	50,127	$9.1M	1.64%
15	LAM RESEARCH CORP	LRCX	14,042	$8.8M	1.58%
16	APPLE INC	AAPL	47,494	$8.1M	1.46%
17	PIMCO EQUITY SER	72202L363	211,010	$8.1M	1.45%
18	COSTCO WHSL CORP NEW	22160K105	14,149	$8.0M	1.44%
19	MOLSON COORS BEVERAGE CO	TAP-A	121,228	$7.7M	1.38%
20	JPMORGAN CHASE & CO	VYLD	50,846	$7.4M	1.32%
21	DIMENSIONAL ETF TRUST	25434V781	306,592	$7.3M	1.31%
22	BERKSHIRE HATHAWAY INC DEL	BRK-A	13	$6.9M	1.24%
23	ISHARES TR	46436E718	68,250	$6.9M	1.23%
24	ISHARES TR	46432F834	111,792	$6.7M	1.20%
25	PEPSICO INC	PEP	38,326	$6.5M	1.17%
26	WISDOMTREE TR	WT	138,318	$6.4M	1.15%
27	ON SEMICONDUCTOR CORP	ON	68,092	$6.3M	1.14%
28	STRYKER CORPORATION	SYK	22,840	$6.2M	1.12%
29	CARRIER GLOBAL CORPORATION	CARR	104,788	$5.8M	1.04%
30	SANOFI	SNYNF	101,457	$5.4M	0.98%
31	WEYERHAEUSER CO MTN BE	WY	175,922	$5.4M	0.97%
32	PIONEER NAT RES CO	723787107	23,175	$5.3M	0.96%
33	BP PLC	BPPFF	130,817	$5.1M	0.91%
34	FISERV INC	FISV	44,177	$5.0M	0.90%
35	ALPHABET INC	GOOG	37,619	$5.0M	0.89%
36	MID-AMER APT CMNTYS INC	59522J103	37,809	$4.9M	0.87%
37	FOMENTO ECONOMICO MEXICANO S	344419106	44,051	$4.8M	0.86%
38	ANALOG DEVICES INC	ADI	26,735	$4.7M	0.84%
39	NORTHROP GRUMMAN CORP	NOC	10,571	$4.7M	0.84%
40	ARCHER DANIELS MIDLAND CO	ADM	59,684	$4.5M	0.81%
41	SKECHERS U S A INC	830566105	91,790	$4.5M	0.81%
42	LABORATORY CORP AMER HLDGS	50540R409	22,084	$4.4M	0.80%
43	RTX CORPORATION	RTX	57,104	$4.1M	0.74%
44	VANGUARD WORLD FD	921910873	26,755	$4.1M	0.73%
45	HONEYWELL INTL INC	438516106	21,593	$4.0M	0.72%
46	GRAPHIC PACKAGING HLDG CO	GPK	177,389	$4.0M	0.71%
47	PINNACLE WEST CAP CORP	PNW	52,395	$3.9M	0.69%
48	KROGER CO	KR	81,937	$3.7M	0.66%
49	VANGUARD INTL EQUITY INDEX F	922042742	38,450	$3.6M	0.64%
50	INGLES MKTS INC	457030104	45,830	$3.5M	0.62%
51	VANGUARD WORLD FDS	92204A504	13,527	$3.2M	0.57%
52	UNION PAC CORP	UNP	15,566	$3.2M	0.57%
53	SPDR S&P 500 ETF TR	SPY	6,703	$2.9M	0.51%
54	DISCOVER FINL SVCS	254709108	32,831	$2.8M	0.51%
55	VANGUARD INDEX FDS	922908652	19,790	$2.8M	0.51%
56	ALPHABET INC	GOOG	20,905	$2.7M	0.49%
57	INVESCO EXCHANGE TRADED FD T	IVZ	18,313	$2.6M	0.47%
58	FORTUNE BRANDS INNOVATIONS I	FBIN	38,890	$2.4M	0.43%
59	VERIZON COMMUNICATIONS INC	VZ	73,451	$2.4M	0.43%
60	JOHNSON & JOHNSON	JNJ	15,110	$2.4M	0.42%
61	KIMCO RLTY CORP	49446R109	133,168	$2.3M	0.42%
62	GARRETT MOTION INC	GTX	288,251	$2.3M	0.41%
63	INVESCO QQQ TR	IVZ	6,325	$2.3M	0.41%
64	WORLD GOLD TR	GLDW	60,650	$2.2M	0.40%
65	DISNEY WALT CO	254687106	27,410	$2.2M	0.40%
66	REGENCY CTRS CORP	758849103	36,891	$2.2M	0.39%
67	LOUISIANA PAC CORP	LPX	38,558	$2.1M	0.38%
68	AMAZON COM INC	AMZN	16,690	$2.1M	0.38%
69	GOLDMAN SACHS GROUP INC	GSCE	6,150	$2.0M	0.36%
70	FMC CORP	FMC	29,135	$2.0M	0.35%
71	VANGUARD INTL EQUITY INDEX F	922042775	36,366	$1.9M	0.34%
72	VANGUARD WORLD FDS	92204A306	14,535	$1.8M	0.33%
73	ISHARES TR	464287341	43,650	$1.8M	0.32%
74	STELLANTIS N.V	STLA	93,386	$1.8M	0.32%
75	CHEVRON CORP NEW	CVX	10,567	$1.8M	0.32%
76	BOISE CASCADE CO DEL	BCC	16,500	$1.7M	0.31%
77	VANGUARD INDEX FDS	922908512	12,420	$1.6M	0.29%
78	SPDR GOLD TR	GLD	9,237	$1.6M	0.28%
79	HOME DEPOT INC	HD	5,086	$1.5M	0.28%
80	CENOVUS ENERGY INC	CVE	72,300	$1.5M	0.27%
81	COMCAST CORP NEW	CCZ	32,226	$1.4M	0.26%
82	TARGET CORP	TGT	12,493	$1.4M	0.25%
83	VANGUARD INDEX FDS	922908611	8,391	$1.3M	0.24%
84	NIKE INC	NKE	13,720	$1.3M	0.24%
85	NOVARTIS AG	NVSEF	12,769	$1.3M	0.23%
86	VANECK ETF TRUST	92189F437	47,850	$1.3M	0.23%
87	ISHARES TR	464288679	11,690	$1.3M	0.23%
88	PROLOGIS INC.	PLDGP	11,400	$1.3M	0.23%
89	ISHARES TR	46429B689	19,400	$1.3M	0.23%
90	SMUCKER J M CO	832696405	10,125	$1.2M	0.22%
91	VISA INC	V	5,070	$1.2M	0.21%
92	PREFORMED LINE PRODS CO	740444104	6,970	$1.1M	0.20%
93	ISHARES TR	464287499	16,076	$1.1M	0.20%
94	VANGUARD WORLD FDS	92204A876	8,700	$1.1M	0.20%
95	ABBVIE INC	ABBV	7,233	$1.1M	0.19%
96	MERCK & CO INC	MRK	10,365	$1.1M	0.19%
97	UBS GROUP AG	UBS	43,000	$1.1M	0.19%
98	WASTE MGMT INC DEL	94106L109	6,895	$1.1M	0.19%
99	SHELL PLC	RYDAF	16,200	$1.0M	0.19%
100	ITT INC	ITT	10,550	$1.0M	0.19%
101	J P MORGAN EXCHANGE TRADED F	46641Q837	19,769	$992,008	0.18%
102	EXPONENT INC	EXPO	11,580	$991,248	0.18%
103	PHILLIPS 66	PSX	8,189	$983,909	0.18%
104	GXO LOGISTICS INCORPORATED	GXO	16,715	$980,335	0.18%
105	TOTALENERGIES SE	TTE	14,353	$943,853	0.17%
106	ISHARES TR	46434V274	35,800	$925,430	0.17%
107	HONDA MOTOR LTD	HNDAF	26,450	$889,778	0.16%
108	DEERE & CO	DE	2,280	$860,426	0.15%
109	WALMART INC	WMT	5,300	$847,629	0.15%
110	LISTED FD TR	53656F623	27,642	$841,422	0.15%
111	AUTOMATIC DATA PROCESSING IN	ADP	3,200	$769,856	0.14%
112	HOST HOTELS & RESORTS INC	HST	46,982	$755,001	0.14%
113	VANECK MERK GOLD TR	OUNZ	42,000	$751,380	0.13%
114	MATSON INC	MATX	8,113	$719,785	0.13%
115	BALL CORP	BALL	14,429	$718,276	0.13%
116	EVERSOURCE ENERGY	ES	11,797	$685,996	0.12%
117	STARWOOD PPTY TR INC	STHO	33,510	$648,419	0.12%
118	NEXTERA ENERGY INC	NEE-PW	11,155	$639,070	0.11%
119	VANGUARD WORLD FDS	92204A405	7,810	$627,299	0.11%
120	ISHARES TR	464287457	7,506	$607,774	0.11%
121	SCHWAB STRATEGIC TR	808524748	18,900	$607,446	0.11%
122	OSHKOSH CORP	OSK	6,103	$582,409	0.10%
123	ORACLE CORP	ORCL-PD	5,404	$572,392	0.10%
124	VANGUARD INDEX FDS	922908744	4,140	$571,030	0.10%
125	VANECK ETF TRUST	92189H607	1,640	$565,866	0.10%
126	JOHN BEAN TECHNOLOGIES CORP	JBTM	5,365	$564,076	0.10%
127	SEABOARD CORP DEL	SE	148	$555,444	0.10%
128	EQUITY COMWLTH	294628102	29,950	$550,182	0.10%
129	CONOCOPHILLIPS	COP	4,470	$535,506	0.10%
130	STARBUCKS CORP	SBUX	5,859	$534,751	0.10%
131	SONOCO PRODS CO	835495102	9,716	$528,037	0.09%
132	RAYONIER INC	RYN	17,825	$507,300	0.09%
133	NEWS CORP NEW	NWSLL	24,000	$500,880	0.09%
134	UNITED PARCEL SERVICE INC	UPS	3,210	$500,343	0.09%
135	INVESTORS TITLE CO NC	ITIC	3,175	$470,186	0.08%
136	FEDEX CORP	FDX	1,769	$468,643	0.08%
137	PROCTER AND GAMBLE CO	742718109	3,164	$461,428	0.08%
138	BRISTOL-MYERS SQUIBB CO	CELG-RI	7,830	$454,453	0.08%
139	UNITEDHEALTH GROUP INC	UNH	894	$450,746	0.08%
140	ALBEMARLE CORP	ALB-PA	2,645	$449,756	0.08%
141	VANGUARD INTL EQUITY INDEX F	922042858	11,223	$440,055	0.08%
142	VANGUARD INDEX FDS	922908553	5,613	$424,679	0.08%
143	SPROTT PHYSICAL GOLD TR	SII	29,500	$422,440	0.08%
144	POTLATCHDELTIC CORPORATION	737630103	9,131	$414,465	0.07%
145	ISHARES TR	464287804	4,335	$408,921	0.07%
146	ENTERGY CORP NEW	ENO	4,350	$402,375	0.07%
147	AGCO CORP	AGCO	3,390	$400,969	0.07%
148	VANGUARD BD INDEX FDS	921937827	5,220	$392,387	0.07%
149	FORTREA HLDGS INC	FTRE	13,360	$381,962	0.07%
150	AGNICO EAGLE MINES LTD	AEM	8,149	$370,372	0.07%
151	VANGUARD INTL EQUITY INDEX F	922042718	3,448	$366,176	0.07%
152	ISHARES TR	464287473	3,500	$365,190	0.07%
153	EXXON MOBIL CORP	XOM	3,080	$362,146	0.07%
154	CRH PLC	CRH	6,400	$350,272	0.06%
155	NEWS CORP NEW	NWSLL	17,200	$345,032	0.06%
156	INVESCO CURRENCYSHARES SWISS	46138R108	3,500	$340,197	0.06%
157	PENSKE AUTOMOTIVE GRP INC	70959W103	2,000	$334,120	0.06%
158	PFIZER INC	PFE	10,032	$332,761	0.06%
159	CENCORA INC	COR	1,780	$320,347	0.06%
160	O-I GLASS INC	OI	18,800	$314,524	0.06%
161	CISCO SYS INC	CSCO	5,850	$314,496	0.06%
162	LIMONEIRA CO	LMNR	20,400	$312,528	0.06%
163	VALERO ENERGY CORP	VLO	2,180	$308,928	0.06%
164	U HAUL HOLDING COMPANY	UHAL-B	5,860	$307,005	0.06%
165	LINDE PLC	LIN	820	$305,327	0.05%
166	SCHWAB STRATEGIC TR	808524771	5,300	$296,641	0.05%
167	MARTEN TRANS LTD	MRTN	14,262	$281,104	0.05%
168	FIRSTENERGY CORP	FE	8,189	$279,900	0.05%
169	MARRIOTT INTL INC NEW	571903202	1,400	$275,184	0.05%
170	ISHARES TR	464287622	1,150	$270,147	0.05%
171	DONNELLEY FINL SOLUTIONS INC	25787G100	4,800	$270,144	0.05%
172	ANDERSONS INC	ANDE	5,200	$267,852	0.05%
173	RUSH ENTERPRISES INC	RUSHB	5,850	$264,947	0.05%
174	JEFFERIES FINL GROUP INC	47233W109	7,000	$256,410	0.05%
175	NORFOLK SOUTHN CORP	655844108	1,300	$256,009	0.05%
176	GENERAL MTRS CO	37045V100	7,700	$253,869	0.05%
177	KLA CORP	KLAC	550	$252,263	0.05%
178	CATERPILLAR INC	CAT	900	$245,700	0.04%
179	EDWARDS LIFESCIENCES CORP	EW	3,500	$242,480	0.04%
180	AUTONATION INC	AN	1,600	$242,240	0.04%
181	BLACK STONE MINERALS L P	BSMLP	14,000	$241,220	0.04%
182	ZIPRECRUITER INC	ZIP	19,538	$234,261	0.04%
183	VANGUARD SCOTTSDALE FDS	92206C870	3,070	$233,259	0.04%
184	PINTEREST INC	PINS	8,500	$229,755	0.04%
185	ALBERTSONS COS INC	013091103	10,000	$227,500	0.04%
186	ISHARES GOLD TR	IAU	6,500	$227,435	0.04%
187	ISHARES TR	464287598	1,487	$225,719	0.04%
188	SUNCOR ENERGY INC NEW	SU	6,500	$223,470	0.04%
189	BANK NEW YORK MELLON CORP	064058100	5,190	$221,354	0.04%
190	INTERNATIONAL SEAWAYS INC	INSW	4,900	$220,500	0.04%
191	NEXSTAR MEDIA GROUP INC	NXST	1,500	$215,055	0.04%
192	ELI LILLY & CO	LLY	400	$214,852	0.04%
193	BANK AMERICA CORP	060505104	7,505	$205,487	0.04%
194	ARMADA HOFFLER PPTYS INC	04208T108	16,110	$164,966	0.03%
195	SIRIUSPOINT LTD	SPNT	16,000	$162,720	0.03%
196	ARDMORE SHIPPING CORP	ASC	10,000	$130,100	0.02%
197	TETRA TECHNOLOGIES INC DEL	88162F105	20,000	$127,600	0.02%
198	ARCOS DORADOS HOLDINGS INC	ARCO	11,000	$104,060	0.02%
199	TRICON RESIDENTIAL INC	89612W102	14,000	$103,600	0.02%
200	GLOBAL SELF STORAGE INC	SELF	20,000	$97,200	0.02%
201	NEUBERGER BERMAN ENERGY INFR	64129H104	12,500	$86,000	0.02%
202	TMC THE METALS COMPANY INC	TMCWW	10,000	$9,912	0.00%