Baker Ellis Asset Management LLC

Registered adviser

CIK

1365559

Location

Vancouver, WA

Portfolio Value

Small $881,427,164

Diversification

Diversified

Filing Date

Global Rank

#2,585 / 8,819 ▲ 67 · as of Jun 2026

Top Industry

Insurance - Diversified 9.4%

Period ended 29 days ago

Filed Oct 14, 2026 · 15d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 121802

Roster of Oct 1, 2026

Regulatory AUM

$1,047,120,232

Main clients

Individuals and high net worth (97% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Oct 2026	$1,047,120,232	Individuals and high net worth (97%)
Mar 2025 to Feb 2026	$874,168,625	Individuals and high net worth (97%)
Mar 2024 to Feb 2025	$792,147,607	Individuals and high net worth (98%)
May 2023 to Feb 2024	$750,600,425	Individuals and high net worth (98%)
Feb 2023 to Apr 2023	$750,600,425	Individuals and high net worth (98%)
Mar 2022 to Jan 2023	$751,227,575	Individuals and high net worth (98%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 44.2%, 32.9 effective positions, active share 69.6% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

7.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 21.1 quarters (12+), a floor since 61.0% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 69.6%; sector active share 34.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

252 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

12.1%

+1.2 pts

Top 5

31.6%

+1.8 pts

Top 10

45.8%

+1.6 pts

HHI

335

Diversified+31

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	43.3%	$381,271,169	78
Technology	13.4%	$118,526,024	20
Industrials	11.0%	$97,310,494	33
Financial Services	10.2%	$89,605,299	25
Energy	4.1%	$36,284,542	15
Consumer Defensive	4.0%	$35,016,601	12
Healthcare	3.6%	$31,948,870	19
Communication Services	3.2%	$28,309,891	9
Real Estate	2.4%	$21,135,286	11
Consumer Cyclical	2.4%	$21,098,010	15
Basic Materials	1.5%	$12,978,228	9
Utilities	0.9%	$7,942,750	6

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MLI	Mueller Industries Inc	+51,566	103,132	$6,250,830
SGOV	iShares 0-3 Month Treasury Bond ETF	+17,375	115,968	$11,675,658
BNY	Bank of New York Mellon Corp	+14,011	19,410	$2,807,268
WIP	State Street(R) SPDR(R) FTSE International Government Inflation-Protected Bond ETF	+4,700	12,700	$484,505
SCHP	Schwab U.S. TIPS ETF	+4,200	125,180	$3,145,773
ISTB	iShares Core 1-5 Year USD Bond ETF	+3,900	124,790	$5,896,327
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	+3,500	52,675	$2,592,663
APH	Amphenol Corp	+1,700	3,400	$286,620
RUSHA	Rush Enterprises Inc \Tx\	+1,575	4,725	$216,452
BCC	BOISE CASCADE Co	+1,340	27,240	$2,019,846
EWS	iShares MSCI Singapore ETF	+1,250	15,950	$530,497
VTV	VANGUARD VALUE INDEX FUND	+1,090	5,230	$1,130,098
TAP	Molson Coors Beverage Co	+1,001	149,945	$5,468,494
ARCO	Arcos Dorados Holdings Inc.	+1,000	66,700	$476,905
SELF	Global Self Storage, Inc.	+1,000	38,000	$186,580
VUSB	VANGUARD ULTRA-SHORT BOND ETF	+1,000	5,500	$272,525
VOO	VANGUARD 500 INDEX FUND	+933	31,738	$22,243,894
CMCSA	Comcast Corp	+800	11,317	$246,257
FNDX	Schwab Fundamental U.S. Large Company ETF	+800	216,291	$6,806,677
XOM	ExxonMobil Holdings Corp	+769	71,508	$11,637,927
VHT	VANGUARD HEALTH CARE INDEX FUND	+750	13,557	$4,285,096
ON	On Semiconductor Corp	+720	84,906	$6,526,724
NWS	News Corp	+700	36,160	$1,146,995
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	+650	10,650	$834,001
LIN	Linde PLC	+573	12,387	$5,879,489
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VZ	Verizon Communications Inc	−34,049	36,934	$1,694,162
GBIL	Goldman Sachs ETF Trust	−23,950	59,138	$5,920,305
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	−14,877	409,758	$18,783,306
FBND	Fidelity Total Bond ETF	−12,938	355,361	$15,387,131
WY	Weyerhaeuser Co	−11,831	123,436	$2,351,455
LRCX	Lam Research Corp	−6,907	99,085	$32,550,413
SCHD	Schwab U.S. Dividend Equity ETF	−6,882	381,817	$12,420,507
JHMM	John Hancock Multifactor Mid Cap ETF	−5,636	183,875	$13,147,062
DHC	Diversified Healthcare Trust	−5,500	12,000	$94,200
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	−5,000	3,500	$267,400
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	−4,937	237,185	$15,371,959
GTX	Garrett Motion Inc.	−3,940	200,628	$5,222,346
KIM	Kimco Realty Corp	−3,615	127,405	$2,829,665
RYN	Rayonier Inc	−3,185	36,171	$664,099
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	−3,048	129,577	$20,110,350
DISV	Dimensional International Small Cap Value ETF	−3,007	536,539	$23,226,773
STLA	Stellantis N.V.	−2,450	13,440	$58,598
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−2,173	215,891	$80,795,047
OUNZ	VanEck Merk Gold ETF	−2,082	19,918	$794,728
NEE	Nextera Energy Inc	−2,003	12,332	$934,025
LCNB	Lcnb Corp	−2,000	13,500	$249,345
FNDC	Schwab Fundamental International Small Equity ETF	−2,000	8,050	$401,131
INTC	Intel Corp	−1,963	20,783	$2,498,740
—		−1,649	161,435	$0
STRL	Sterling Infrastructure, Inc.	−1,595	47,062	$23,144,150
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	33,701	$1,939,829
VTP	VANGUARD TOTAL INFLATION-PROTECTED SECURITIES ETF	3,400	$248,812
PMBS		5,000	$231,350
NTR	Nutrien Ltd.	3,000	$210,750
SU	Suncor Energy Inc	3,000	$203,610
No positions match the current search.

Sold Out

Positions the filer fully exited

18 positions

Ticker	Company	Shares	Value
SHY	iShares 1-3 Year Treasury Bond ETF	7,176	$589,221
INTF	iShares International Equity Factor ETF	8,500	$348,160
EXPO	Exponent Inc	5,160	$303,201
WHR	Whirlpool Corp	6,725	$265,099
SITE	SiteOne Landscape Supply, Inc.	2,200	$251,702
VSEC	Vse Corp	1,000	$228,500
BA	Boeing Co	1,042	$225,561
LSTR	Landstar System Inc	1,057	$218,598
TSLA	Tesla, Inc.	519	$218,291
PHIN	Phinia Inc.	2,629	$216,550
CMI	Cummins Inc	300	$213,963
COLM	Columbia Sportswear Co	3,450	$213,279
DTE	Dte Energy Co	1,389	$211,641
BMI	Badger Meter Inc	1,399	$207,583
DFAI	Dimensional International Core Equity Market ETF	5,000	$206,250
EWY	iShares Trust	995	$200,890
BSM	Black Stone Minerals, L.P.	11,000	$153,670
RUSHB	Rush Enterprises Inc \Tx\	2,862	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

252 tracked positions · $881,427,164 total · filing declares 252 positions · $917,115,034 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 252 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	215,891	-2,173	$80,795,047	+0.1%	9.17%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	74,579	+460	$37,136,613	+0.1%	4.21%
LRCX	Lam Research Corp Technology	Reduced	99,085	-6,907	$32,550,413	−29.1%	3.69%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Added	253,539	+80	$31,862,246	+5.2%	3.61%
MSFT	Microsoft Corp Technology	Added	57,583	+204	$29,534,320	+38.0%	3.35%
DISV	Dimensional International Small Cap Value ETF	Reduced	536,539	-3,007	$23,226,773	+7.3%	2.64%
STRL	Sterling Infrastructure, Inc. Industrials	Reduced	47,062	-1,595	$23,144,150	−43.3%	2.63%
VOO	VANGUARD 500 INDEX FUND	Added	31,738	+933	$22,243,894	+5.1%	2.52%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Reduced	129,577	-3,048	$20,110,350	−4.0%	2.28%
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	Reduced	409,758	-14,877	$18,783,306	−3.2%	2.13%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	54,546	-204	$18,045,453	+0.7%	2.05%
IXUS	iShares Core MSCI Total International Stock ETF	Reduced	185,841	-260	$17,653,036	−0.6%	2.00%
FBND	Fidelity Total Bond ETF	Reduced	355,361	-12,938	$15,387,131	−8.2%	1.75%
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	Reduced	237,185	-4,937	$15,371,959	−5.5%	1.74%
AAPL	Apple Inc. Technology	Reduced	45,008	-295	$14,988,564	+14.3%	1.70%
AVGO	Broadcom Inc. Technology	Reduced	39,525	-630	$13,880,784	−8.5%	1.57%
JHMM	John Hancock Multifactor Mid Cap ETF	Reduced	183,875	-5,636	$13,147,062	−7.5%	1.49%
SCHD	Schwab U.S. Dividend Equity ETF	Reduced	381,817	-6,882	$12,420,507	+0.8%	1.41%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	13,480	-408	$12,271,383	−5.5%	1.39%
SGOV	iShares 0-3 Month Treasury Bond ETF	Added	115,968	+17,375	$11,675,658	+17.6%	1.32%
XOM	ExxonMobil Holdings Corp Energy	Added	71,508	+769	$11,637,927	+20.3%	1.32%
GOOG	Alphabet Inc. Communication Services	Reduced	33,671	-515	$11,473,056	−5.0%	1.30%
RTX	RTX Corp Industrials	Reduced	57,870	-675	$10,743,565	−3.3%	1.22%
ADI	Analog Devices Inc Technology	Reduced	26,857	-385	$10,654,440	−1.5%	1.21%
GOOGL	Alphabet Inc. Communication Services	Held	30,406	0	$10,462,096	−3.7%	1.19%
MGC	VANGUARD MEGA CAP INDEX FUND	Held	35,630	0	$10,058,705	+3.2%	1.14%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	13	0	$9,711,065	−0.2%	1.10%
AMZN	Amazon Com Inc Consumer Cyclical	Added	38,682	+490	$9,637,620	+5.9%	1.09%
TKR	Timken Co Industrials	Added	65,298	+55	$7,623,541	−19.6%	0.86%
OSK	Oshkosh Corp Industrials	Added	57,492	+5	$7,406,119	−16.1%	0.84%
FNDX	Schwab Fundamental U.S. Large Company ETF	Added	216,291	+800	$6,806,677	+1.6%	0.77%
KGS	Kodiak Gas Services, Inc. Energy	Reduced	127,574	-984	$6,757,594	−30.0%	0.77%
SPY	Spdr S&P 500 ETF Trust	Added	8,817	+75	$6,724,108	+3.0%	0.76%
ON	On Semiconductor Corp Technology	Added	84,906	+720	$6,526,724	−18.0%	0.74%
MAA	Mid America Apartment Communities Inc. Real Estate	Added	53,443	+216	$6,292,378	−14.9%	0.71%
MLI	Mueller Industries Inc Industrials	Added	103,132	+51,566	$6,250,830	−1.4%	0.71%
GBIL	Goldman Sachs ETF Trust	Reduced	59,138	-23,950	$5,920,305	−28.9%	0.67%
ISTB	iShares Core 1-5 Year USD Bond ETF	Added	124,790	+3,900	$5,896,327	+1.1%	0.67%
LIN	Linde PLC Basic Materials	Added	12,387	+573	$5,879,489	−4.1%	0.67%
SYK	Stryker Corp Healthcare	Reduced	21,128	-270	$5,818,439	−13.6%	0.66%
COF	Capital One Financial Corp Financial Services	Reduced	29,115	-841	$5,621,233	−6.5%	0.64%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Held	35,577	0	$5,615,829	+0.6%	0.64%
TAP	Molson Coors Beverage Co Consumer Defensive	Added	149,945	+1,001	$5,468,494	−5.8%	0.62%
SLB	Slb Limited Energy	Added	109,050	+500	$5,312,916	+5.3%	0.60%
GTX	Garrett Motion Inc. Consumer Cyclical	Reduced	200,628	-3,940	$5,222,346	−29.5%	0.59%
PSA	Public Storage Real Estate	Added	18,382	+550	$5,199,164	−8.4%	0.59%
ETN	Eaton Corp plc Industrials	Added	11,854	+145	$5,093,782	+2.1%	0.58%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	86,908	-1,555	$4,767,772	−26.5%	0.54%
PNW	Pinnacle West Capital Corp Utilities	Reduced	49,424	-720	$4,598,408	−14.3%	0.52%
BP	Bp PLC Energy	Reduced	103,972	-729	$4,573,728	+18.2%	0.52%

Showing the top 50 of 252 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.