Institutional Manager · CIK 0001079398

BAKER BOYER NATIONAL BANK

WALLA WALLA, WA · File #028-03613

Latest AUM

$331.2M

Positions

122

Top-10 Concentration

80.2%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	SPDR S&P 500 ETF	SPY	+6,986	+$4.8M	+$20,037
ADD	Paccar Inc	PCAR	+32,097	+$3.5M	+$49,337
NEW	Berkshire Hathaway Class A	BRK-A	+2	+$1.5M	$0
NEW	Emerson Electric CO	EMR	+7,950	+$1.1M	$0
NEW	Avantis US Equity ETF	025072885	+9,297	+$1.0M	$0
ADD	Southern Company	SOMN	+6,607	+$576,130	-$2,460
REDUCE	Costco Wholesale Corp	22160K105	-624	-$538,100	-$114,048
ADD	DFA World Ex-U.S. Core Equity 2 ETF	25434V880	+15,161	+$496,220	+$96,313
ADD	Duke Energy Corp	DUKB	+3,222	+$377,650	-$1,046
ADD	Vanguard Interm Term Treasury ETF	92206C706	+5,995	+$359,280	-$5,756

Sector Allocation

Technology

5.1%$16.8M

Industrials

2.7%$8.9M

Consumer Discretionary

1.0%$3.4M

0.8%$2.7M

0.5%$1.7M

0.4%$1.3M

0.3%$898,259

Communication Services

0.3%$865,378

Consumer Staples

0.1%$458,812

Real Estate

0.1%$306,549

Filing History

Feb 3, 202613F HOLDINGS REPORTQ/E Dec 2025122 pos · $331.2M
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 2025108 pos · $301.0M
Jul 28, 202513F HOLDINGS REPORTQ/E Jun 2025106 pos · $290.0M
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 2025100 pos · $271.1M
Jan 23, 202513F HOLDINGS REPORTQ/E Dec 202499 pos · $289.5M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 2024102 pos · $298.0M
Aug 7, 202413F HOLDINGS REPORTQ/E Jun 202497 pos · $286.2M
Apr 12, 202413F HOLDINGS REPORTQ/E Mar 202480 pos · $290.4M
Oct 12, 202313F HOLDINGS REPORTQ/E Dec 202380 pos · $246.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	DFA U.S. Core Equity 2 ETF	25434V708	1,608,618	$63.7M	20.55%
2	Vanguard Muni Bond Tax Exempt	922907746	1,117,312	$56.2M	18.13%
3	DFA World Ex-U.S. Core Equity 2 ETF	25434V880	1,633,206	$53.5M	17.25%
4	DFA U.S. Marketwide Value ETF	25434V724	443,093	$20.6M	6.66%
5	Fidelity Total Bond ETF	316188309	376,716	$17.3M	5.60%
6	DFA International Value ETF	25434V807	207,017	$10.3M	3.33%
7	Microsoft Corp	MSFT	19,016	$9.2M	2.97%
8	DFA U.S. Core Equity 2 ETF	25434V708	178,724	$7.1M	2.28%
9	SPDR S&P 500 ETF	SPY	8,259	$5.6M	1.82%
10	Apple Inc	AAPL	17,909	$4.9M	1.57%
11	DFA Intl Core Equity ETF	25434V203	107,055	$4.1M	1.32%
12	Paccar Inc	PCAR	36,506	$4.0M	1.29%
13	Vanguard Interm Term Treasury ETF	92206C706	63,563	$3.8M	1.23%
14	DFA Intl Core Equity ETF	25434V203	89,595	$3.4M	1.10%
15	DFA World Ex-U.S. Core Equity 2 ETF	25434V880	86,504	$2.8M	0.91%
16	Alpha Architect Intl Quantitative Momentum	02072L300	64,343	$2.5M	0.79%
17	DFA Emerging Mkts Core Equity ETF	25434V302	74,588	$2.4M	0.78%
18	Vanguard S&P 500	922908363	3,675	$2.3M	0.74%
19	DFA U.S. Small Cap ETF	25434V500	33,063	$2.3M	0.74%
20	Vanguard Muni Bond Tax Exempt	922907746	45,459	$2.3M	0.74%