Baker Ellis Asset Management LLC

13F filer, CIK 1365559, Vancouver, WA

Baker Ellis Asset Management LLC reported $693,026,809 across 221 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-04-15. Its ten largest share positions make up 33.23% of the portfolio.

Filed 2025-04-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001941040-25-000205

Period: 2025-03-31
Reported value: $693M
Holdings: 221
Top 10 weight: 33.23%
New: 13
Sold out: 7

Largest buys vs the previous quarter

Security	Shares change	Approx. value
SLBadded	+100,265	$4.19M
MLInew	+42,865	$3.26M
ETNnew	+10,545	$2.87M
FBNDadded	+34,956	$1.6M
DISVadded	+54,450	$1.59M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
ADMexited	-35,265	-$1.78M
VTIreduced	-6,237	-$1.71M
TGTexited	-9,196	-$1.24M
COSTreduced	-964	-$912K
SHVreduced	-5,000	-$552K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001941040-25-000205, largest first. % of portfolio is the value over $693,026,809, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
VTIVANGUARD INDEX FDS	238,024	$65.4M	9.44%	-6,237	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	68,934	$36.7M	5.3%	+1,739	Timeline
MSFTMICROSOFT CORP	56,380	$21.2M	3.05%	+570	Timeline
VYMVANGUARD WHITEHALL FDS	145,819	$18.8M	2.71%	-1,570	Timeline
VGTVANGUARD WORLD FD	34,646	$18.8M	2.71%	+100	Timeline
VOOVANGUARD INDEX FDS	29,784	$15.3M	2.21%	-884	Timeline
FBNDFIDELITY MERRIMACK STR TR	332,939	$15.2M	2.19%	+34,956	Timeline
PRFINVESCO EXCHANGE TRADED FD T	329,682	$13.3M	1.92%	+644	Timeline
JPMJPMORGAN CHASE & CO	52,112	$12.8M	1.84%	+242	Timeline
GSIEGOLDMAN SACHS ETF TR	357,871	$12.8M	1.84%	+8,865	Timeline
DISVDIMENSIONAL ETF TRUST	421,136	$12.3M	1.77%	+54,450	Timeline
COSTCOSTCO WHOLESALE CORPORATION	12,797	$12.1M	1.75%	-964	Timeline
GBILGOLDMAN SACHS ETF TR	120,463	$12.1M	1.74%	+4,555	Timeline
JHMMJOHN HANCOCK EXCHANGE TRADED	208,563	$12M	1.72%	-2,010	Timeline
MFUSPIMCO EQUITY SER	229,198	$11.5M	1.66%	-2,380	Timeline
SCHDSCHWAB STRATEGIC TR	397,882	$11.1M	1.61%	-5,090	Timeline
BRK-ABERKSHIRE HATHAWAY INC DEL	13	$10.4M	1.5%	0	Timeline
IXUSISHARES TR	144,857	$10.1M	1.46%	+15,196	Timeline
SGOVISHARES TR	99,318	$10M	1.44%	+11,200	Timeline
AAPLAPPLE INC	43,765	$9.72M	1.4%	+582	Timeline
FISVFISERV INC	41,726	$9.21M	1.33%	-939	Timeline
LRCXLAM RESEARCH CORP	124,330	$9.04M	1.3%	-660	Timeline
TAPMOLSON COORS BEVERAGE CO	148,358	$9.03M	1.3%	+3,536	Timeline
XOMEXXON MOBIL CORP	73,475	$8.74M	1.26%	+5,294	Timeline
SYKSTRYKER CORPORATION	21,369	$7.95M	1.15%	-325	Timeline
RTXRTX CORPORATION	59,548	$7.89M	1.14%	+1,519	Timeline
MGCVANGUARD WORLD FD	39,048	$7.86M	1.13%	-45	Timeline
MAAMID-AMER APT CMNTYS INC	46,026	$7.71M	1.11%	+2,028	Timeline
AVGOBROADCOM INC	42,855	$7.18M	1.04%	-1,245	Timeline
STRLSTERLING INFRASTRUCTURE INC	55,420	$6.27M	0.91%	+1,210	Timeline
ISTBISHARES TR	125,700	$6.08M	0.88%	+18,197	Timeline
DGSWISDOMTREE TR	125,409	$6.06M	0.87%	-1,405	Timeline
CARRCARRIER GLOBAL CORPORATION	95,408	$6.05M	0.87%	-930	Timeline
PEPPEPSICO INC	35,325	$5.3M	0.76%	+309	Timeline
DISCOVER FINL SVCSDISCOVER FINL SVCS	30,579	$5.22M	0.75%	-600
SNYSANOFI SA	93,780	$5.2M	0.75%	+6,872	Timeline
ADIANALOG DEVICES INC	25,425	$5.13M	0.74%	-123	Timeline
NOCNORTHROP GRUMMAN CORP	9,706	$4.97M	0.72%	-123	Timeline
GOOGALPHABET INC	31,748	$4.96M	0.72%	-625	Timeline
SLBSLB LIMITED	112,190	$4.69M	0.68%	+100,265	Timeline
KGSKODIAK GAS SVCS INC	125,722	$4.69M	0.68%	+3,996	Timeline
WYWEYERHAEUSER CO	159,763	$4.68M	0.67%	-6,209	Timeline
TKRTIMKEN CO	64,590	$4.64M	0.67%	+3,635	Timeline
PNWPINNACLE WEST CAP CORP	48,494	$4.62M	0.67%	-335	Timeline
SKXSKECHERS U S A INC	81,209	$4.61M	0.67%	-651	Timeline
FNDXSCHWAB STRATEGIC TR	188,421	$4.45M	0.64%	+5,184	Timeline
KRKROGER CO	65,410	$4.43M	0.64%	-542	Timeline
VTVANGUARD INTL EQUITY INDEX F	36,709	$4.26M	0.61%	-100	Timeline
GPKGRAPHIC PACKAGING HLDG CO	163,309	$4.24M	0.61%	-3,380	Timeline
BPBP PLC	118,439	$4M	0.58%	-1,860	Timeline
FMXFOMENTO ECONOMICO MEXICANO S	40,619	$3.96M	0.57%	-219	Timeline
FBINFORTUNE BRANDS INNOVATIONS I	61,602	$3.75M	0.54%	+219	Timeline
HSICSCHEIN HENRY INC	54,492	$3.73M	0.54%	-704	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	6,512	$3.64M	0.53%	+10	Timeline
GOOGLALPHABET INC	23,005	$3.56M	0.51%	+980	Timeline
GLDMWORLD GOLD TR	56,650	$3.51M	0.51%	+1,650	Timeline
AMZNAMAZON COM INC	18,334	$3.49M	0.5%	+714	Timeline
LPXLOUISIANA PAC CORP	36,260	$3.34M	0.48%	-315	Timeline
VXFVANGUARD INDEX FDS	19,324	$3.33M	0.48%	0	Timeline
OSKOSHKOSH CORP	35,304	$3.32M	0.48%	+947	Timeline
RSPINVESCO EXCHANGE TRADED FD T	19,168	$3.32M	0.48%	+409	Timeline
MLIMUELLER INDS INC	42,865	$3.26M	0.47%	new	Timeline
VZVERIZON COMMUNICATIONS INC	69,938	$3.17M	0.46%	+9,425	Timeline
VHTVANGUARD WORLD FD	11,927	$3.16M	0.46%	-100	Timeline
BAXBAXTER INTL INC	88,945	$3.04M	0.44%	-870	Timeline
QQQINVESCO QQQ TR	6,455	$3.03M	0.44%	-100	Timeline
ETNEATON CORP PLC	10,545	$2.87M	0.41%	new	Timeline
KIMKIMCO REALTY CORP	134,345	$2.85M	0.41%	+2,417	Timeline
ONON SEMICONDUCTOR CORP	68,624	$2.79M	0.4%	-2,452	Timeline
AGCOAGCO CORP	29,934	$2.77M	0.4%	+2,480	Timeline
UNPUNION PAC CORP	10,988	$2.6M	0.37%	+112	Timeline
GLDSPDR GOLD TR	8,199	$2.36M	0.34%	+300	Timeline
GSGOLDMAN SACHS GROUP INC	4,143	$2.26M	0.33%	-300	Timeline
HIIHUNTINGTON INGALLS INDS INC	10,815	$2.21M	0.32%	+4,425	Timeline
VEUVANGUARD INTL EQUITY INDEX F	35,126	$2.13M	0.31%	+880	Timeline
REGREGENCY CTRS CORP	25,285	$1.87M	0.27%	-1,287	Timeline
LHLABCORP HOLDINGS INC	7,935	$1.85M	0.27%	+90	Timeline
GTXGARRETT MOTION INC	219,670	$1.84M	0.27%	-3,157	Timeline
VVISA INC	5,172	$1.81M	0.26%	+268	Timeline
VDEVANGUARD WORLD FD	13,380	$1.74M	0.25%	-1,950	Timeline
HONHONEYWELL INTL INC	8,101	$1.72M	0.25%	-395	Timeline
BCCBOISE CASCADE CO DEL	15,955	$1.57M	0.23%	-425	Timeline
IMKTAINGLES MKTS INC	23,915	$1.56M	0.22%	+75	Timeline
WMTWALMART INC	17,327	$1.52M	0.22%	+255	Timeline
ABBVABBVIE INC	7,134	$1.49M	0.22%	-59	Timeline
SHELSHELL PLC	20,300	$1.49M	0.21%	+3,300	Timeline
HDHOME DEPOT INC	4,050	$1.48M	0.21%	+50	Timeline
JMSTJ P MORGAN EXCHANGE TRADED F	28,800	$1.46M	0.21%	+2,500	Timeline
JNJJOHNSON & JOHNSON	8,779	$1.46M	0.21%	+1,368	Timeline
WMWASTE MGMT INC DEL	6,286	$1.46M	0.21%	-220	Timeline
IWRISHARES TR	16,214	$1.38M	0.2%	+138	Timeline
NVSNOVARTIS AG	12,361	$1.38M	0.2%	+1,034	Timeline
VBRVANGUARD INDEX FDS	7,171	$1.34M	0.19%	-50	Timeline
CVXCHEVRON CORPORATION	7,152	$1.2M	0.17%	-14	Timeline
UBSUBS GROUP AG	39,000	$1.19M	0.17%	-900	Timeline
MRKMERCK & CO INC	13,268	$1.19M	0.17%	+340	Timeline
VCITVANGUARD SCOTTSDALE FDS	14,200	$1.16M	0.17%	+6,000	Timeline
VPUVANGUARD WORLD FD	6,750	$1.15M	0.17%	-50	Timeline
ITTITT INC	8,890	$1.15M	0.17%	0	Timeline
OUNZVANECK MERK GOLD ETF	37,000	$1.12M	0.16%	0	Timeline
ETRENTERGY CORP NEW	12,910	$1.1M	0.16%	+50	Timeline
PLDPROLOGIS INC.	9,550	$1.07M	0.15%	0	Timeline
NWSNEWS CORP NEW	33,860	$1.03M	0.15%	0	Timeline
DEDEERE & CO	2,180	$1.02M	0.15%	0	Timeline
SHYISHARES TR	12,151	$1.01M	0.15%	+4,975	Timeline
IJRISHARES TR	9,561	$1000K	0.14%	+1,560	Timeline
MATXMATSON INC	7,738	$992K	0.14%	0	Timeline
EFAVISHARES TR	12,300	$958K	0.14%	-300	Timeline
INFLLISTED FDS TR	23,418	$952K	0.14%	-500	Timeline
INTFISHARES TR	30,800	$950K	0.14%	0	Timeline
CMCSACOMCAST CORP NEW	25,435	$939K	0.14%	-1,483	Timeline
MRSHMARSH & MCLENNAN COS INC	3,788	$924K	0.13%	+1,440	Timeline
VOEVANGUARD INDEX FDS	5,670	$910K	0.13%	-1,000	Timeline
ADPAUTOMATIC DATA PROCESSING IN	2,971	$908K	0.13%	-155	Timeline
PSXPHILLIPS 66	7,343	$907K	0.13%	-100	Timeline
NEENEXTERA ENERGY INC	12,416	$880K	0.13%	+750	Timeline
AEMAGNICO EAGLE MINES LTD	8,087	$877K	0.13%	0	Timeline
VSDMVANGUARD MUN BD FDS	11,100	$836K	0.12%	+7,000	Timeline
PGPROCTER & GAMBLE CO	4,885	$833K	0.12%	+761	Timeline
VFHVANGUARD WORLD FD	6,810	$814K	0.12%	0	Timeline
ANGLVANECK ETF TRUST	26,914	$777K	0.11%	-10,467	Timeline
IXCISHARES TR	18,325	$771K	0.11%	-2,000	Timeline
NKENIKE INC	11,952	$759K	0.11%	-600	Timeline
ITICINVESTORS TITLE CO NC	3,125	$753K	0.11%	0	Timeline
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR	11,600	$750K	0.11%	-800
AVDVAMERICAN CENTY ETF TR	10,680	$745K	0.11%	+6,130	Timeline
XARSPDR SERIES TRUST	4,480	$720K	0.1%	0	Timeline
VTVVANGUARD INDEX FDS	4,140	$715K	0.1%	0	Timeline
CBCHUBB LIMITED	2,349	$709K	0.1%	+390	Timeline
ORCLORACLE CORP	5,004	$700K	0.1%	0	Timeline
BACBANK OF AMER CORP	16,235	$677K	0.1%	+1,730	Timeline
LMNRLIMONEIRA CO	36,750	$651K	0.09%	+1,264	Timeline
CORCENCORA INC	2,280	$634K	0.09%	0	Timeline
VRTXVERTEX PHARMACEUTICALS INC	1,273	$617K	0.09%	+215	Timeline
BALLBALL CORP	11,737	$611K	0.09%	-1,907	Timeline
STWDSTARWOOD PPTY TR INC	30,735	$608K	0.09%	0	Timeline
SWXSOUTHWEST GAS HLDGS INC	8,457	$607K	0.09%	new	Timeline
PLPCPREFORMED LINE PRODS CO	4,270	$598K	0.09%	0	Timeline
HSTHOST HOTELS & RESORTS INC	39,916	$567K	0.08%	-4,366	Timeline
CRHCRH PLC	6,400	$563K	0.08%	0	Timeline
PHYSSPROTT ASSET MANAGEMENT LP	23,000	$553K	0.08%	0	Timeline
SBUXSTARBUCKS CORP	5,604	$550K	0.08%	-20	Timeline
DFAIDIMENSIONAL ETF TRUST	17,598	$550K	0.08%	new	Timeline
EXPOEXPONENT INC	6,575	$533K	0.08%	0	Timeline
CATCATERPILLAR INC	1,597	$527K	0.08%	0	Timeline
IWMISHARES TR	2,584	$515K	0.07%	+418	Timeline
ESEVERSOURCE ENERGY	8,097	$503K	0.07%	-312	Timeline
VWOVANGUARD INTL EQUITY INDEX F	11,069	$501K	0.07%	-100	Timeline
TJXTJX COS INC NEW	4,075	$496K	0.07%	+280	Timeline
JPSTJ P MORGAN EXCHANGE TRADED F	9,712	$492K	0.07%	-300	Timeline
SHVISHARES TR	4,450	$492K	0.07%	-5,000	Timeline
STLASTELLANTIS N.V	42,233	$473K	0.07%	-4,183	Timeline
IWSISHARES TR	3,517	$443K	0.06%	+17	Timeline
NWSANEWS CORP NEW	16,200	$441K	0.06%	-1,000	Timeline
BNYBANK OF NY MELLON CORP	5,190	$435K	0.06%	0	Timeline
MCDMCDONALDS CORP	1,358	$424K	0.06%	+8	Timeline
AVUVAMERICAN CENTY ETF TR	4,780	$417K	0.06%	+450	Timeline
FDXFEDEX CORP	1,669	$407K	0.06%	-100	Timeline
LCNBLCNB CORP	27,400	$405K	0.06%	+1,200	Timeline
CSCOCISCO SYS INC	6,514	$402K	0.06%	-325	Timeline
JBTMJBT MAREL CORPORATION	3,240	$396K	0.06%	0	Timeline
BSVVANGUARD BD INDEX FDS	5,000	$391K	0.06%	0	Timeline
PCHPOTLATCHDELTIC CORP	8,611	$389K	0.06%	0	Timeline
IAUISHARES GOLD TR	6,500	$383K	0.06%	0	Timeline
RYNRAYONIER INC	13,334	$372K	0.05%	-1,591	Timeline
FNDCSCHWAB STRATEGIC TR	10,050	$364K	0.05%	+500	Timeline
UDRUDR INC	8,020	$362K	0.05%	0	Timeline
IWBISHARES TR	1,150	$353K	0.05%	0	Timeline
SJMSMUCKER J M CO	2,955	$350K	0.05%	-40	Timeline
UHAL-BU HAUL HOLDING COMPANY	5,910	$350K	0.05%	0	Timeline
BMYBRISTOL-MYERS SQUIBB CO	5,730	$349K	0.05%	0	Timeline
SONSONOCO PRODS CO	7,365	$348K	0.05%	-500	Timeline
ABTABBOTT LABORATORIES	2,596	$344K	0.05%	+268	Timeline
DFUSDIMENSIONAL ETF TRUST	5,587	$338K	0.05%	new	Timeline
THCTENET HEALTHCARE CORP	2,500	$336K	0.05%	0	Timeline
MARMARRIOTT INTL INC NEW	1,400	$333K	0.05%	0	Timeline
WHRWHIRLPOOL CORP	3,696	$333K	0.05%	new	Timeline
LLYELI LILLY & CO	400	$330K	0.05%	-30	Timeline
WABWABTEC	1,800	$326K	0.05%	new	Timeline
ARCOARCOS DORADOS HLDGS INC	40,500	$326K	0.05%	0	Timeline
JEFJEFFERIES FINANCIAL GROUP IN	6,000	$321K	0.05%	0	Timeline
KLACKLA CORP	470	$320K	0.05%	0	Timeline
ALEALLETE INC	4,750	$312K	0.05%	-700	Timeline
FXFINVESCO CURRENCYSHARES SWISS	3,100	$311K	0.04%	+1,000	Timeline
IWDISHARES TR	1,587	$299K	0.04%	0	Timeline
KOCOCA COLA CO	4,150	$297K	0.04%	-375	Timeline
VLOVALERO ENERGY CORP	2,180	$288K	0.04%	0	Timeline
VSSVANGUARD INTL EQUITY INDEX F	2,483	$287K	0.04%	0	Timeline
IMOIMPERIAL OIL LTD	3,900	$282K	0.04%	0	Timeline
DFASDIMENSIONAL ETF TRUST	4,671	$279K	0.04%	new	Timeline
HMCHONDA MOTOR CO LTD	10,050	$273K	0.04%	-4,000	Timeline
LMTLOCKHEED MARTIN CORP	605	$270K	0.04%	0	Timeline
APHAMPHENOL CORP	4,000	$262K	0.04%	new	Timeline
CCEPCOCA-COLA EUROPACIFIC PARTNE	3,000	$261K	0.04%	0	Timeline
GLWCORNING INC	5,700	$261K	0.04%	0	Timeline
NSCNORFOLK SOUTHN CORP	1,100	$261K	0.04%	-200	Timeline
SPNTSIRIUSPOINT LTD	15,000	$259K	0.04%	0	Timeline
ANAUTONATION INC	1,600	$259K	0.04%	0	Timeline
METAMETA PLATFORMS INC	445	$256K	0.04%	+50	Timeline
UNHUNITEDHEALTH GROUP INC	489	$256K	0.04%	-130	Timeline
RUSHBRUSH ENTERPRISES INC	4,512	$255K	0.04%	0	Timeline
PGRPROGRESSIVE CORP	900	$255K	0.04%	0	Timeline
LINLINDE PLC	530	$247K	0.04%	0	Timeline
EWEDWARDS LIFESCIENCES CORP	3,350	$243K	0.04%	0	Timeline
ACNACCENTURE PLC IRELAND	710	$222K	0.03%	-260	Timeline
PAGPENSKE AUTOMOTIVE GRP INC	1,500	$216K	0.03%	0	Timeline
DGXQUEST DIAGNOSTICS INC	1,220	$206K	0.03%	new	Timeline
VXUSVANGUARD STAR FDS	3,300	$205K	0.03%	new	Timeline
PHPARKER-HANNIFIN CORP	336	$204K	0.03%	0	Timeline
RPMRPM INTL INC	1,760	$204K	0.03%	new	Timeline
DFAEDIMENSIONAL ETF TRUST	7,838	$203K	0.03%	new	Timeline
METMETLIFE INC	2,500	$201K	0.03%	0	Timeline
BSMBLACK STONE MINERALS L P	12,000	$183K	0.03%	0	Timeline
CVECENOVUS ENERGY INC	12,900	$179K	0.03%	0	Timeline
MRTNMARTEN TRANS LTD	11,682	$160K	0.02%	-1,800	Timeline
SELFGLOBAL SELF STORAGE INC	28,000	$141K	0.02%	+4,000	Timeline
PSLVSPROTT ASSET MANAGEMENT LP	11,000	$128K	0.02%	0	Timeline
ABEVAMBEV SA	42,000	$97.9K	0.01%	0	Timeline
CRDFCARDIFF ONCOLOGY INC	20,000	$62.8K	0.01%	0	Timeline
TTITETRA TECHNOLOGIES INC DEL	17,000	$57.1K	0.01%	0	Timeline
TMCTMC THE METALS COMPANY INC	10,000	$17.2K	<0.01%	0	Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
ADMARCHER DANIELS MIDLAND CO	35,265	$1.78M	shares
TGTTARGET CORP	9,196	$1.24M	shares
STZCONSTELLATION BRANDS INC	1,376	$304K	shares
CLXCLOROX CO DEL	1,400	$227K	shares
DFINDONNELLEY FINL SOLUTIONS INC	3,500	$220K	shares
ECLECOLAB INC	936	$219K	shares
MDLZMONDELEZ INTL INC	3,655	$218K	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001941040-25-000205	base		2025-04-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC