Institutional Manager · CIK 0001365559
Baker Ellis Asset Management LLC
Vancouver, WA · File #028-12091
Latest AUM
$831.0M
Positions
260
Top-10 Concentration
44.4%
Filings
9
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 |
|---|---|---|---|---|---|
| EXITED | FISERV INC | 337738108 | -41,811 | -$5.4M | $0 |
| NEW | SCHWAB STRATEGIC TR | 808524870 | +80,680 | +$2.1M | $0 |
| REDUCE | VANGUARD INDEX FDS | 922908769 | -5,000 | -$1.7M | +$1.6M |
| NEW | VANGUARD MALVERN FDS | 922020805 | +30,400 | +$1.5M | $0 |
| NEW | PINTEREST INC | PINS | +52,245 | +$1.4M | $0 |
| ADD | ISHARES TR | 46432F834 | +14,764 | +$1.2M | +$334,048 |
| ADD | DIMENSIONAL ETF TRUST | 25434V781 | +24,177 | +$918,726 | +$1.2M |
| REDUCE | VANGUARD WORLD FD | 92204A702 | -998 | -$752,272 | +$246,110 |
| NEW | RIO TINTO PLC | RTNTF | +8,600 | +$688,258 | $0 |
| NEW | GRAHAM HLDGS CO | GHM | +620 | +$681,132 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025260 pos · $831.0M
- 13F HOLDINGS REPORTQ/E Sep 2025249 pos · $812.0M
- 13F HOLDINGS REPORTQ/E Jun 2025216 pos · $728.6M
- 13F HOLDINGS REPORTQ/E Mar 2025221 pos · $693.0M
- 13F HOLDINGS REPORTQ/E Dec 2024215 pos · $679.6M
- 13F HOLDINGS REPORTQ/E Sep 2024226 pos · $706.8M
- 13F HOLDINGS REPORTQ/E Jun 2024210 pos · $663.7M
- 13F HOLDINGS REPORTQ/E Mar 2024216 pos · $671.6M
- 13F HOLDINGS REPORTQ/E Dec 2023202 pos · $556.9M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908769 | 223,174 | $74.8M | 11.97% |
| 2 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 71,776 | $36.1M | 5.77% |
| 3 | MICROSOFT CORP | MSFT | 56,526 | $27.3M | 4.37% |
| 4 | VANGUARD WORLD FD | 92204A702 | 33,423 | $25.2M | 4.03% |
| 5 | DIMENSIONAL ETF TRUST | 25434V781 | 525,147 | $20.0M | 3.19% |
| 6 | LAM RESEARCH CORP | LRCX | 116,472 | $19.9M | 3.19% |
| 7 | VANGUARD WHITEHALL FDS | 921946406 | 135,353 | $19.4M | 3.11% |
| 8 | VANGUARD INDEX FDS | 922908363 | 29,650 | $18.6M | 2.98% |
| 9 | GOLDMAN SACHS ETF TR | NVGLF | 422,232 | $18.1M | 2.90% |
| 10 | JPMORGAN CHASE & CO. | VYLD | 55,400 | $17.9M | 2.86% |
| 11 | FIDELITY MERRIMACK STR TR | 316188309 | 377,157 | $17.4M | 2.78% |
| 12 | STERLING INFRASTRUCTURE INC | STRL | 52,183 | $16.0M | 2.56% |
| 13 | INVESCO EXCHANGE TRADED FD T | IVZ | 322,115 | $15.1M | 2.42% |
| 14 | ISHARES TR | 46432F834 | 176,941 | $15.0M | 2.40% |
| 15 | BROADCOM INC | AVGO | 40,364 | $14.0M | 2.24% |
| 16 | PIMCO EQUITY SER | 72202L363 | 228,295 | $12.9M | 2.07% |
| 17 | JOHN HANCOCK EXCHANGE TRADED | 47804J206 | 189,734 | $12.4M | 1.99% |
| 18 | APPLE INC | AAPL | 45,033 | $12.2M | 1.96% |
| 19 | COSTCO WHSL CORP NEW | 22160K105 | 13,781 | $11.9M | 1.90% |
| 20 | RTX CORPORATION | RTX | 59,443 | $10.9M | 1.74% |