CIK: 0001365559
Total reported value
$842.5M
Reporting period: 2026-03-31 · Number of holdings: 254
Baker Ellis Asset Management LLC disclosed 254 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $842.5M and a quarterly turnover rate of 11.3%.
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Baker Ellis Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 51 equally-sized positions, well below its 254 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.00), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 29% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim MSFT
+1.4% -$6.1M
Add STRL
-1.4% $5.0M
Trim VTI
-0.5% -$3.6M
Add LRCX
-3.3% $4.1M
Add XOM
-1.3% $3.4M
Trim VGT
-3.7% -$2.7M
Showing top 200 holdings (of 254 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 8.46% | -0.54% | -0.47% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 4.08% | -0.26% | -0.08% | |
| 3 | LRCX | Lam Research CORP | Stock-Tech | 2.86% | +0.46% | -3.31% | |
| 4 | VGT | Vanguard Info Tech ETF | ETF-Tech | 2.66% | -0.37% | -3.74% | |
| 5 | DISV | Dimensional International Sm | ETF-Other | 2.53% | +0.13% | +2.89% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 2.52% | -0.77% | +1.39% | |
| 7 | STRL | Sterling Infrastructure INC | Stock-Industrials | 2.49% | +0.57% | -1.37% | |
| 8 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 2.36% | +0.02% | -0.64% | |
| 9 | GSIE | Goldman Sachs Activebeta Int | ETF-Commodities | 2.16% | — | +0.03% | |
| 10 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.03% | -0.21% | -3.53% | |
| 11 | FBND | Fidelity Total Bond ETF | ETF-Other | 2.02% | — | -0.96% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.93% | -0.22% | -0.08% | |
| 13 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 1.90% | +0.10% | +4.26% | |
| 14 | PRF | Invesco Rafi US 1000 ETF | ETF-Other | 1.80% | — | -1.05% | |
| 15 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.64% | +0.21% | +0.65% | |
| 16 | MFUS | Pimco Rafi Dynamic Multi-fac | ETF-Other | 1.59% | — | +0.16% | |
| 17 | JHMM | John Hancock Multi Fact Mid | ETF-Other | 1.52% | — | +0.43% | |
| 18 | AVGO | Broadcom INC | Stock-Tech | 1.47% | -0.21% | -0.72% | |
| 19 | XOM | Exxon Mobil CORP | Stock-Energy | 1.43% | +0.39% | -1.28% | |
| 20 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 1.40% | +0.13% | +0.01% | |
| 21 | RTX | Rtx CORP | Stock-Industrials | 1.34% | — | -1.23% | |
| 22 | AAPL | Apple INC | Stock-Tech | 1.34% | -0.13% | -1.09% | |
| 23 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 1.33% | +0.07% | +6.49% | |
| 24 | GBIL | Goldman Sachs Access Treasur | ETF-Commodities | 1.20% | -0.10% | -7.00% | |
| 25 | DGS | Wisdomtree Em Small Cap | ETF-Small Cap | 1.17% | +0.11% | +6.49% | |
| 26 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.16% | -0.13% | -0.53% | |
| 27 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 1.11% | -0.07% | — | |
| 28 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.04% | -0.13% | -2.00% | |
| 29 | ADI | Analog Devices INC | Stock-Tech | 1.03% | +0.14% | -0.05% | |
| 30 | MGC | Vanguard Mega Cap ETF | ETF-Other | 1.00% | -0.10% | -2.36% | |
| 31 | OSK | Oshkosh CORP | Stock-Industrials | 0.99% | +0.13% | -0.05% | |
| 32 | KGS | Kodiak Gas Services INC | Stock-Other | 0.89% | +0.31% | -0.39% | |
| 33 | SYK | Stryker CORP | Stock-Healthcare | 0.82% | -0.06% | +0.47% | |
| 34 | MAA | Mid-america Apartment Comm | Stock-Real Estate | 0.78% | — | +12.42% | |
| 35 | TAP | Molson Coors Beverage Co - B | Stock-Consumer Staples | 0.78% | -0.06% | +1.17% | |
| 36 | ISTB | Ishares Core 1-5 Year Usd Bo | ETF-Other | 0.77% | — | -2.82% | |
| 37 | TKR | Timken Co | Stock-Industrials | 0.77% | +0.13% | +1.58% | |
| 38 | NOC | Northrop Grumman CORP | Stock-Industrials | 0.75% | +0.10% | -2.94% | |
| 39 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 0.72% | — | +3.54% | |
| 40 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.67% | — | -0.86% | |
| 41 | MLI | Mueller Industries INC | Stock-Industrials | 0.67% | — | +0.00% | |
| 42 | SLB | Slb LTD | Stock-Energy | 0.66% | +0.17% | +2.40% | |
| 43 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.66% | — | +2.92% | |
| 44 | COF | Capital One Financial CORP | Stock-Financials | 0.65% | -0.22% | +0.41% | |
| 45 | GLDM | Spdr Gold Minishares Trust | ETF-Commodities | 0.60% | — | -9.07% | |
| 46 | PNW | Pinnacle West Capital | Stock-Utilities | 0.59% | +0.08% | +2.96% | |
| 47 | CARR | Carrier Global CORP | Stock-Industrials | 0.59% | — | -1.16% | |
| 48 | PSA | Public Storage | Stock-Real Estate | 0.59% | — | +3.11% | |
| 49 | VT | Vanguard Tot World Stk ETF | ETF-Other | 0.58% | — | +0.01% | |
| 50 | BP | Bp Plc-spons Adr | Stock-Energy | 0.58% | +0.13% | -3.68% |
Performance for Q3 2026
+2.8%
Performance Last 4 Quarters
+29.3%
Based on 65% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 254 | $842.5M | 11 | |
| 2025-12-31 | 260 | $831.0M | 9 | |
| 2025-09-30 | 249 | $812.0M | 27 | |
| 2025-06-30 | 216 | $728.6M | 0 | |
| 2025-03-31 | 221 | $693.0M | 100 | |
| 2024-12-31 | 215 | $679.6M | 0 | |
| 2024-09-30 | 226 | $706.8M | 0 | |
| 2024-06-30 | 210 | $663.7M | 0 | |
| 2024-03-31 | 216 | $671.6M | 0 | |
| 2023-12-31 | 216 | $623.9M | 0 | |
| 2023-09-30 | 202 | $556.9M | 0 | |
| 2023-06-30 | 206 | $588.1M | 0 | |
| 2023-03-31 | 208 | $558.5M | 0 | |
| 2022-12-31 | 208 | $516.0M | 0 | |
| 2022-09-30 | 191 | $458.8M | 0 | |
| 2022-06-30 | 201 | $481.1M | 0 | |
| 2022-03-31 | 210 | $558.9M | 0 | |
| 2021-12-31 | 207 | $566.7M | 0 | |
| 2021-09-30 | 202 | $519.2M | 0 | |
| 2021-06-30 | 195 | $510.5M | 95 | |
| 2021-03-31 | 188 | $463.0M | 18 | |
| 2020-12-31 | 180 | $419.2M | 20 | |
| 2020-09-30 | 163 | $358.1M | 15 | |
| 2020-06-30 | 191 | $339.1M | 25 | |
| 2020-03-31 | 183 | $279.1M | 36 | |
| 2019-12-31 | 218 | $362.0M | 16 | |
| 2019-09-30 | 236 | $376.3M | 6 | |
| 2019-06-30 | 230 | $376.6M | 13 | |
| 2019-03-31 | 214 | $359.1M | 25 | |
| 2018-12-31 | 218 | $329.6M | 27 | |
| 2018-09-30 | 240 | $388.4M | 10 | |
| 2018-06-30 | 241 | $380.2M | 11 | |
| 2018-03-31 | 236 | $381.1M | 10 | |
| 2017-12-31 | 242 | $397.1M | 12 | |
| 2017-09-30 | 234 | $377.0M | 11 | |
| 2017-06-30 | 236 | $364.7M | 12 | |
| 2017-03-31 | 238 | $350.1M | 9 | |
| 2016-12-31 | 239 | $340.8M | 10 | |
| 2016-09-30 | 242 | $331.6M | 12 | |
| 2016-06-30 | 231 | $318.7M | 11 | |
| 2016-03-31 | 234 | $302.9M | 13 | |
| 2015-12-31 | 243 | $291.4M | 16 | |
| 2015-09-30 | 244 | $280.5M | 12 | |
| 2015-06-30 | 258 | $298.0M | 9 | |
| 2015-03-31 | 254 | $314.8M | 13 | |
| 2014-12-31 | 246 | $297.9M | 15 | |
| 2014-09-30 | 251 | $289.1M | 10 | |
| 2014-06-30 | 261 | $293.7M | 12 | |
| 2014-03-31 | 256 | $289.1M | 11 | |
| 2013-12-31 | 250 | $287.6M | 12 | |
| 2013-09-30 | 243 | $265.1M | 10 | |
| 2013-06-30 | 242 | $251.7M | 0 |
Baker Ellis Asset Management LLC's most significant position changes for 2026-03-31: New buy: Freshpet, Inc. (FRPT); Add: Microsoft CORP (MSFT) — shares +1.39%; Trim: Sterling Infrastructure INC (STRL) — shares -1.37%; Trim: Vanguard Total Stock Mkt ETF (VTI) — shares -0.47%; Trim: Lam Research CORP (LRCX) — shares -3.31%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | STRL | Sterling Infrastructure INC | +0.6% | -1.37% | Trim |
| 2 | LRCX | Lam Research CORP | +0.5% | -3.31% | Trim |
| 3 | XOM | Exxon Mobil CORP | +0.4% | -1.28% | Trim |
| 4 | KGS | Kodiak Gas Services INC | +0.3% | -0.39% | Trim |
| 5 | COST | Costco Wholesale CORP | +0.2% | +0.65% | Add |
| 6 | SLB | Slb LTD | +0.2% | +2.40% | Add |
| 7 | ADI | Analog Devices INC | +0.1% | -0.05% | Trim |
| 8 | DISV | Dimensional International Sm | +0.1% | +2.89% | Add |
| 9 | SCHD | Schwab US Dvd Equity ETF | +0.1% | +0.01% | Add |
| 10 | OSK | Oshkosh CORP | +0.1% | -0.05% | Trim |
| 11 | BP | Bp Plc-spons Adr | +0.1% | -3.68% | Trim |
| 12 | TKR | Timken Co | +0.1% | +1.58% | Add |
| 13 | ON | On Semiconductor | +0.1% | +12.48% | Add |
| 14 | DGS | Wisdomtree Em Small Cap | +0.1% | +6.49% | Add |
| 15 | IXUS | Ishares Core Intl Stock ETF | +0.1% | +4.26% | Add |
| 16 | NOC | Northrop Grumman CORP | +0.1% | -2.94% | Trim |
| 17 | PNW | Pinnacle West Capital | +0.1% | +2.96% | Add |
| 18 | SGOV | Ishares 0-3 Month Treasury B | +0.1% | +6.49% | Add |
| 19 | VZ | Verizon Communications INC | +0.1% | -0.16% | Trim |
| 20 | KR | Kroger Co | +0.1% | -0.22% | Trim |
| 21 | DFSV | Dimensional US Small Cap Val | +0.1% | +197.50% | Add |
| 22 | FLLA | Franklin Ftse Latin America | +0.1% | +139.38% | Add |
| 23 | JNJ | Johnson & Johnson | +0.1% | +1.52% | Add |
| 24 | RYN | Rayonier INC | +0.1% | +189.70% | Add |
| 25 | VDE | Vanguard Energy ETF | +0.1% | +7.38% | Add |
| 26 | TER | Teradyne INC | +0.1% | — | Unchanged |
| 27 | HII | Huntington Ingalls Industrie | +0.1% | +0.60% | Add |
| 28 | AGCO | Agco CORP | +0.1% | +1.96% | Add |
| 29 | ETN | Eaton Corporation plc | +0.1% | +0.21% | Add |
| 30 | IMKTA | Ingles Markets Inc-class A | +0.1% | -3.11% | Trim |
| 31 | VYM | Vanguard High Dvd Yield ETF | 0% | -0.64% | Trim |
| 32 | TAP | Molson Coors Beverage Co - B | -0.1% | +1.17% | Add |
| 33 | SYK | Stryker CORP | -0.1% | +0.47% | Add |
| 34 | LLY | Eli Lilly & Co | -0.1% | +0.25% | Add |
| 35 | BRK-A | Berkshire Hathaway Inc-cl A | -0.1% | — | Unchanged |
| 36 | XAR | Ss Spdr S&p Aerospace Def | -0.1% | -72.81% | Trim |
| 37 | MGC | Vanguard Mega Cap ETF | -0.1% | -2.36% | Trim |
| 38 | GBIL | Goldman Sachs Access Treasur | -0.1% | -7.00% | Trim |
| 39 | GOOG | Alphabet Inc-cl C | -0.1% | -0.53% | Trim |
| 40 | GOOGL | Alphabet Inc-cl A | -0.1% | -2.00% | Trim |
| 41 | AAPL | Apple INC | -0.1% | -1.09% | Trim |
| 42 | AVGO | Broadcom INC | -0.2% | -0.72% | Trim |
| 43 | VOO | Vanguard S&p 500 ETF | -0.2% | -3.53% | Trim |
| 44 | COF | Capital One Financial CORP | -0.2% | +0.41% | Add |
| 45 | JPM | Jpmorgan Chase & Co | -0.2% | -0.08% | Trim |
| 46 | BRK-B | Berkshire Hathaway Inc-cl B | -0.3% | -0.08% | Trim |
| 47 | VGT | Vanguard Info Tech ETF | -0.4% | -3.74% | Trim |
| 48 | VTI | Vanguard Total Stock Mkt ETF | -0.5% | -0.47% | Trim |
| 49 | MSFT | Microsoft CORP | -0.8% | +1.39% | Add |
| 50 | FRPT | Freshpet, Inc. | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-17 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-21 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-23 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-08 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-17 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-15 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-09 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-17 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-23 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-24 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-09 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-08 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-09 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-22 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-04 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-27 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-10 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-28 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-04 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-13 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-12 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-10 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-09 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-07 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-19 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-30 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-18 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-31 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-25 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-27 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-27 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-28 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-10 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-20 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-20 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-30 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-05 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-05 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-28 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-01 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-24 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-23 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-22 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-16 | 13F-HR | View on EDGAR |
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