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Asset Manager ← All Institutions

Baker Ellis Asset Management LLC

805 BROADWAY ST. SUITE 400, VANCOUVER, WA 98660 • 503-227-5778

Q3 2025 · Filed 2025-10-23
Market Value
$809M
+11.1%
Holdings
249
+21
New Purchases
35
Added To
74
Closed
3
Reduced
77
Top 10 Concentration
33.8%
Turnover
15.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
STRL 2.28% 1.76% +0.52% $18M
GOOGL 0.93% 0.53% +0.40% $8M
LRCX 1.99% 1.64% +0.35% $16M
GOOG 1.04% 0.73% +0.31% $8M
LLY 0.33% 0.04% +0.28% $3M
SPY 0.77% 0.54% +0.23% $6M
AAPL 1.40% 1.23% +0.16% $11M
META 0.20% 0.05% +0.15% $2M
TJX 0.19% 0.05% +0.14% $2M
TT 0.14% 0.00% +0.14% $1M
MA 0.13% 0.00% +0.13% $1M
VNQ 0.11% 0.00% +0.11% $924K
AMZN 0.66% 0.56% +0.10% $5M
AVGO 1.69% 1.59% +0.10% $14M
TRV 0.10% 0.00% +0.10% $815K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTI 9.26% 9.68% -0.42% $75M
BAX 0.00% 0.37% -0.37% $0
FI 0.67% 0.96% -0.29% $5M
GBIL 1.40% 1.69% -0.29% $11M
CARR 0.70% 0.95% -0.25% $6M
BRK-B 4.40% 4.64% -0.23% $36M
SGOV 1.22% 1.44% -0.22% $10M
SYK 0.96% 1.15% -0.20% $8M
VYM 2.42% 2.61% -0.19% $20M
MSFT 3.62% 3.79% -0.17% $29M
JHMM 1.58% 1.73% -0.15% $13M
MAA 0.81% 0.95% -0.14% $7M
TAP 0.83% 0.97% -0.14% $7M
COST 1.58% 1.72% -0.14% $13M
FBND 2.13% 2.25% -0.12% $17M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 54.8%
Industrials 11.3%
Technology 10.6%
Consumer Defensive 4.9%
Energy 4.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 48 $328M 40.6%
Large Cap 137 $320M 39.6%
Mid Cap 45 $133M 16.4%
Small Cap 13 $14M 1.8%
Micro Cap 6 $14M 1.7%

Portfolio Analytics

Avg Market Cap
$234.2B
Median Market Cap
$45.5B
Avg P/E
31.7
Median P/E
25.3
Avg Dividend Yield
0.02%
Avg Beta
0.84
# Stocks
177
# ETFs / Funds
72

Top Holdings (249 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VTI 9.26% 228,174 $75M $328.17 $4M -3,481 -1.5%
2 BRK-B 4.40% 70,795 $36M $502.74 $2M +1,372 +2.0%
3 MSFT 3.62% 56,444 $29M $517.95 $2M +1,008 +1.8%
4 VGT 3.18% 34,421 $26M $746.63 $3M +40 +0.1%
5 VYM 2.42% 138,702 $20M $140.95 $565K -3,708 -2.6%
6 STRL 2.28% 54,210 $18M $339.68 $6M -1,265 -2.3%
7 DISV 2.21% 500,970 $18M $35.69 $2M +30,615 +6.5%
8 VOO 2.19% 28,870 $18M $612.38 $2M +468 +1.6%
9 JPM 2.14% 54,926 $17M $315.43 $2M +2,843 +5.5%
10 FBND 2.13% 371,922 $17M $46.24 $817K +13,883 +3.9%
11 GSIE 2.12% 416,374 $17M $41.11 $2M +38,570 +10.2%
12 LRCX 1.99% 120,412 $16M $133.90 $4M -2,493 -2.0%
13 PRF 1.81% 324,413 $15M $45.21 $900K -1,272 -0.4%
14 AVGO 1.69% 41,526 $14M $329.91 $2M -519 -1.2%
15 IXUS 1.66% 162,177 $13M $82.58 $1M +4,741 +3.0%
16 COST 1.58% 13,834 $13M $925.65 $296K +1,198 +9.5%
17 JHMM 1.58% 197,530 $13M $64.69 $215K -7,981 -3.9%
18 MFUS 1.58% 226,619 $13M $56.25 $528K -1,999 -0.9%
19 GBIL 1.40% 113,119 $11M $100.23 -$989K -9,964 -8.1%
20 AAPL 1.40% 44,317 $11M $254.63 $2M +560 +1.3%
21 SCHD 1.33% 394,940 $11M $27.30 $212K -3,941 -1.0%
22 RTX 1.23% 59,313 $10M $167.33 $1M +560 +0.9%
23 SGOV 1.22% 97,978 $10M $100.70 -$584K -5,810 -5.6%
24 BRK-A 1.21% 13 $10M $754,200.00 $330K
25 MGC 1.13% 37,510 $9M $244.09 $698K -95 -0.2%
26 GOOG 1.04% 34,560 $8M $243.55 $3M +4,717 +15.8%
27 DGS 1.01% 143,127 $8M $57.10 $1M +13,939 +10.8%
28 XOM 1.01% 72,206 $8M $112.75 $322K -326 -0.5%
29 SYK 0.96% 20,920 $8M $369.67 -$644K -255 -1.2%
30 GOOGL 0.93% 30,924 $8M $243.10 $4M +9,134 +41.9%
31 OSK 0.89% 55,466 $7M $129.70 $964K +594 +1.1%
32 ADI 0.86% 28,325 $7M $245.70 $874K +2,760 +10.8%
33 TAP 0.83% 148,890 $7M $45.25 -$341K +1,712 +1.2%
34 ISTB 0.81% 134,630 $7M $48.84 $222K +4,030 +3.1%
35 MAA 0.81% 46,814 $7M $139.73 -$387K +6 +0.0%
36 COF 0.80% 30,343 $6M $212.58 -$102K -455 -1.5%
37 SPY 0.77% 9,334 $6M $666.18 $2M +2,932 +45.8%
38 NOC 0.73% 9,651 $6M $609.35 $1M +21 +0.2%
39 CARR 0.70% 94,673 $6M $59.70 -$1M +378 +0.4%
40 FI 0.67% 41,811 $5M $128.93 -$2M +1,290 +3.2%
41 AMZN 0.66% 24,405 $5M $219.57 $1M +5,866 +31.6%
42 FNDX 0.65% 199,705 $5M $26.30 $414K +2,558 +1.3%
43 VT 0.62% 36,520 $5M $137.80 $322K -129 -0.3%
44 PSA 0.62% 17,311 $5M $288.85 $269K +1,188 +7.4%
45 MLI 0.61% 49,165 $5M $101.11 $1M +1,975 +4.2%
46 TKR 0.59% 63,687 $5M $75.18 $78K -1,239 -1.9%
47 KGS 0.58% 127,854 $5M $36.97 $328K -499 -0.4%
48 GLDM 0.57% 59,880 $5M $76.45 $843K +2,880 +5.0%
49 KR 0.55% 66,300 $4M $67.41 -$312K -362 -0.5%
50 PEP 0.55% 31,695 $4M $140.44 $21K -1,860 -5.5%
51 SNY 0.54% 92,917 $4M $47.20 -$242K -2,877 -3.0%
52 ETN 0.54% 11,590 $4M $374.25 $211K +30 +0.3%
53 PNW 0.53% 47,634 $4M $89.66 -$32K -460 -1.0%
54 VXF 0.50% 19,299 $4M $209.34 $316K -25 -0.1%
55 FMX 0.47% 38,322 $4M $98.63 -$342K -1,699 -4.2%
56 QQQ 0.46% 6,220 $4M $600.37 $187K -210 -3.3%
57 BP 0.45% 106,633 $4M $34.46 $407K -2,541 -2.3%
58 SLB 0.45% 106,225 $4M $34.37 $42K -550 -0.5%
59 WY 0.45% 145,677 $4M $24.79 -$283K -5,924 -3.9%
60 AGCO 0.44% 33,584 $4M $107.07 $339K +2,010 +6.4%
61 ON 0.44% 72,731 $4M $49.31 -$207K +352 +0.5%
62 HSIC 0.44% 53,358 $4M $66.37 -$427K -963 -1.8%
63 HII 0.42% 11,690 $3M $287.91 $570K +110 +0.9%
64 RSP 0.41% 17,673 $3M $189.70 -$87K -1,251 -6.6%
65 LPX 0.39% 35,630 $3M $88.84 $93K -100 -0.3%
66 VZ 0.39% 71,175 $3M $43.95 $170K +2,815 +4.1%
67 VHT 0.38% 11,817 $3M $259.60 $133K
68 GS 0.38% 3,809 $3M $796.28 $327K -15 -0.4%
69 KIM 0.36% 133,705 $3M $21.85 $69K -1,990 -1.5%
70 GTX 0.36% 212,495 $3M $13.62 $611K -4,710 -2.2%
71 GLD 0.36% 8,079 $3M $355.47 $409K
72 LLY 0.33% 3,461 $3M $763.00 $2M +3,061 +765.2%
73 UNP 0.31% 10,653 $3M $236.38 $59K -35 -0.3%
74 VEU 0.31% 34,626 $2M $71.37 $110K -500 -1.4%
75 V 0.27% 6,463 $2M $341.40 $682K +2,169 +50.5%
76 JNJ 0.27% 11,875 $2M $185.42 $861K +3,096 +35.3%
77 LH 0.26% 7,305 $2M $287.06 $166K -50 -0.7%
78 WM 0.24% 8,966 $2M $220.83 $564K +2,780 +44.9%
79 NVS 0.23% 14,711 $2M $128.24 $125K +150 +1.0%
80 HON 0.23% 8,754 $2M $210.50 $190K +1,658 +23.4%
81 WMT 0.22% 17,363 $2M $103.06 $108K +166 +1.0%
82 UBS 0.22% 42,750 $2M $41.00 $398K +2,700 +6.7%
83 JMST 0.22% 34,300 $2M $51.04 $284K +5,500 +19.1%
84 HD 0.21% 4,224 $2M $405.19 $263K +274 +6.9%
85 SHEL 0.20% 22,793 $2M $71.53 $264K +3,393 +17.5%
86 REG 0.20% 22,076 $2M $72.90 -$12K -689 -3.0%
87 NWS 0.20% 46,060 $2M $34.55 $63K +1,500 +3.4%
88 META 0.20% 2,165 $2M $734.38 $1M +1,720 +386.5%
89 IWR 0.19% 16,214 $2M $96.55 $74K
90 IMKTA 0.19% 22,238 $2M $69.56 $35K -1,613 -6.8%
91 ITT 0.19% 8,550 $2M $178.76 $188K
92 TJX 0.19% 10,502 $2M $144.54 $1M +7,627 +265.3%
93 ABBV 0.19% 6,465 $1M $231.55 $282K -78 -1.2%
94 VBR 0.18% 7,146 $1M $208.72 $93K -25 -0.3%
95 VDE 0.18% 11,685 $1M $125.86 $20K -495 -4.1%
96 AVDV 0.17% 15,830 $1M $89.03 $154K
97 OUNZ 0.17% 37,000 $1M $37.19 $196K
98 ORCL 0.17% 4,866 $1M $281.24 $274K -138 -2.8%
99 MRK 0.16% 15,737 $1M $83.93 $285K +2,649 +20.2%
100 AEM 0.16% 7,487 $1M $168.56 $360K -100 -1.3%

New Positions

SymbolValue% Port
TT $1M 0.14%
MA $1M 0.13%
VNQ $924K 0.11%
TRV $815K 0.10%
TER $740K 0.09%
ACN $684K 0.08%
PRI $633K 0.08%
ECL $612K 0.08%
HLI $589K 0.07%
BR $508K 0.06%
PNC $471K 0.06%
RBC $450K 0.06%
MCO $438K 0.05%
WSO $428K 0.05%
STE $410K 0.05%

Sold Out Positions

SymbolValue% Port
BAX —%
PM —%
TMC —%
View SEC EDGAR Filings for Baker Ellis Asset Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms