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Asset Manager ← All Institutions

Baker Ellis Asset Management LLC

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

Q4 2025 · Filed 2026-01-21
Market Value
$827M
+2.3%
Holdings
268
+19
New Purchases
22
Added To
64
Closed
11
Reduced
108
Top 10 Concentration
33.5%
Turnover
12.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LRCX 2.41% 1.99% +0.42% $20M
SCHP 0.26% 0.00% +0.26% $2M
GOOG 1.30% 1.04% +0.26% $11M
GOOGL 1.17% 0.93% +0.24% $10M
DISV 2.41% 2.21% +0.20% $20M
VTIP 0.18% 0.00% +0.18% $2M
PINS 0.16% 0.00% +0.16% $1M
IXUS 1.81% 1.66% +0.15% $15M
LLY 0.46% 0.33% +0.13% $4M
MLI 0.71% 0.61% +0.09% $6M
RTX 1.32% 1.23% +0.09% $11M
COF 0.88% 0.80% +0.09% $7M
GTX 0.44% 0.36% +0.09% $4M
AAPL 1.48% 1.40% +0.08% $12M
RIO 0.08% 0.00% +0.08% $688K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FI 0.00% 0.67% -0.67% $0
STRL 1.93% 2.28% -0.34% $16M
MSFT 3.31% 3.62% -0.31% $27M
VTI 9.05% 9.26% -0.21% $75M
COST 1.44% 1.58% -0.15% $12M
VGT 3.05% 3.18% -0.13% $25M
CARR 0.57% 0.70% -0.13% $5M
GBIL 1.31% 1.40% -0.09% $11M
ETN 0.45% 0.54% -0.09% $4M
JHMM 1.50% 1.58% -0.08% $12M
ORCL 0.10% 0.17% -0.07% $798K
NOC 0.66% 0.73% -0.07% $5M
SYK 0.89% 0.96% -0.07% $7M
VYM 2.35% 2.42% -0.07% $19M
TTE 0.00% 0.06% -0.06% $0

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 47 $340M 41.1%
Large Cap 147 $319M 38.6%
Mid Cap 52 $139M 16.8%
Small Cap 15 $15M 1.8%
Micro Cap 7 $14M 1.7%

Portfolio Analytics

Avg Market Cap
$219.7B
Median Market Cap
$37.0B
Avg P/E
31.6
Median P/E
24.8
Avg Dividend Yield
0.02%
Avg Beta
0.83
# Stocks
190
# ETFs / Funds
78

Top Holdings (268 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VTI 9.05% 223,174 $75M $335.27 -$56K -5,000 -2.2%
2 BRK-B 4.36% 71,776 $36M $502.65 $487K +981 +1.4%
3 MSFT 3.31% 56,526 $27M $483.62 -$2M +82 +0.1%
4 VGT 3.05% 33,423 $25M $753.78 -$506K -998 -2.9%
5 DISV 2.41% 525,147 $20M $38.00 $2M +24,177 +4.8%
6 LRCX 2.41% 116,472 $20M $171.18 $4M -3,940 -3.3%
7 VYM 2.35% 135,353 $19M $143.52 -$124K -3,349 -2.4%
8 VOO 2.25% 29,650 $19M $627.12 $915K +780 +2.7%
9 GSIE 2.19% 422,232 $18M $42.94 $1M +5,858 +1.4%
10 JPM 2.16% 55,400 $18M $322.22 $526K +474 +0.9%
11 FBND 2.10% 377,157 $17M $46.04 $167K +5,235 +1.4%
12 STRL 1.93% 52,183 $16M $306.23 -$2M -2,027 -3.7%
13 PRF 1.83% 322,115 $15M $46.92 $447K -2,298 -0.7%
14 IXUS 1.81% 176,941 $15M $84.64 $2M +14,764 +9.1%
15 AVGO 1.69% 40,364 $14M $346.10 $270K -1,162 -2.8%
16 MFUS 1.56% 228,295 $13M $56.61 $177K +1,676 +0.7%
17 JHMM 1.50% 189,734 $12M $65.48 -$354K -7,796 -4.0%
18 AAPL 1.48% 45,033 $12M $271.86 $958K +716 +1.6%
19 COST 1.44% 13,781 $12M $862.36 -$921K -53 -0.4%
20 RTX 1.32% 59,443 $11M $183.40 $977K +130 +0.2%
21 GBIL 1.31% 108,190 $11M $99.94 -$525K -4,929 -4.4%
22 GOOG 1.30% 34,203 $11M $313.80 $2M -357 -1.0%
23 SCHD 1.27% 383,354 $11M $27.43 -$266K -11,586 -2.9%
24 SGOV 1.27% 104,633 $11M $100.38 $637K +6,655 +6.8%
25 BRK-A 1.19% 13 $10M $754,800.00 $8K
26 GOOGL 1.17% 31,026 $10M $313.00 $2M +102 +0.3%
27 MGC 1.11% 36,385 $9M $251.17 -$17K -1,125 -3.0%
28 DGS 1.07% 154,439 $9M $57.24 $668K +11,312 +7.9%
29 XOM 1.05% 71,952 $9M $120.34 $518K -254 -0.3%
30 ADI 0.89% 27,224 $7M $271.20 $424K -1,101 -3.9%
31 SYK 0.89% 20,827 $7M $351.47 -$413K -93 -0.4%
32 COF 0.88% 30,123 $7M $242.36 $850K -220 -0.7%
33 OSK 0.86% 56,726 $7M $125.63 -$67K +1,260 +2.3%
34 TAP 0.85% 150,286 $7M $46.68 $278K +1,396 +0.9%
35 MAA 0.81% 48,139 $7M $138.91 $146K +1,325 +2.8%
36 ISTB 0.81% 137,030 $7M $48.75 $105K +2,400 +1.8%
37 SPY 0.73% 8,817 $6M $681.92 -$206K -517 -5.5%
38 AMZN 0.72% 25,752 $6M $230.82 $585K +1,347 +5.5%
39 MLI 0.71% 50,965 $6M $114.80 $880K +1,800 +3.7%
40 FNDX 0.69% 210,006 $6M $27.21 $462K +10,301 +5.2%
41 NOC 0.66% 9,511 $5M $570.23 -$457K -140 -1.4%
42 TKR 0.64% 63,162 $5M $84.13 $526K -525 -0.8%
43 GLDM 0.62% 60,115 $5M $85.37 $554K +235 +0.4%
44 VT 0.61% 35,620 $5M $141.06 -$8K -900 -2.5%
45 KGS 0.59% 129,556 $5M $37.40 $119K +1,702 +1.3%
46 CARR 0.57% 89,638 $5M $52.84 -$915K -5,035 -5.3%
47 PSA 0.55% 17,662 $5M $259.50 -$417K +351 +2.0%
48 PEP 0.55% 31,434 $5M $143.52 $60K -261 -0.8%
49 PNW 0.52% 48,119 $4M $88.70 -$3K +485 +1.0%
50 KR 0.51% 67,000 $4M $62.48 -$283K +700 +1.1%
51 SLB 0.49% 106,300 $4M $38.38 $429K +75 +0.1%
52 SNY 0.49% 83,477 $4M $48.46 -$340K -9,440 -10.2%
53 HII 0.48% 11,665 $4M $340.07 $601K -25 -0.2%
54 VXF 0.46% 18,274 $4M $209.12 -$219K -1,025 -5.3%
55 LLY 0.46% 3,536 $4M $1,074.68 $1M +75 +2.2%
56 QQQ 0.46% 6,185 $4M $614.31 $65K -35 -0.6%
57 ON 0.46% 70,071 $4M $54.15 $208K -2,660 -3.7%
58 BP 0.46% 108,799 $4M $34.73 $104K +2,166 +2.0%
59 HSIC 0.45% 49,328 $4M $75.58 $187K -4,030 -7.5%
60 ETN 0.45% 11,684 $4M $318.51 -$616K +94 +0.8%
61 FMX 0.45% 36,592 $4M $101.07 -$81K -1,730 -4.5%
62 VHT 0.45% 12,817 $4M $287.85 $622K +1,000 +8.5%
63 GTX 0.44% 210,145 $4M $17.43 $769K -2,350 -1.1%
64 AGCO 0.43% 34,225 $4M $104.32 -$26K +641 +1.9%
65 GS 0.40% 3,789 $3M $878.92 $297K -20 -0.5%
66 WY 0.39% 136,013 $3M $23.69 -$389K -9,664 -6.6%
67 GLD 0.39% 8,069 $3M $396.31 $326K -10 -0.1%
68 RSP 0.37% 16,184 $3M $191.56 -$252K -1,489 -8.4%
69 VZ 0.35% 71,052 $3M $40.73 -$234K -123 -0.2%
70 LPX 0.34% 35,005 $3M $80.76 -$338K -625 -1.8%
71 KIM 0.32% 129,620 $3M $20.27 -$294K -4,085 -3.1%
72 JNJ 0.31% 12,475 $3M $206.95 $380K +600 +5.0%
73 VEU 0.29% 32,626 $2M $73.56 -$71K -2,000 -5.8%
74 UNP 0.29% 10,228 $2M $231.33 -$152K -425 -4.0%
75 V 0.27% 6,427 $2M $350.71 $48K -36 -0.6%
76 SCHP 0.26% 80,680 $2M $26.49 +80,680 NEW
77 NVS 0.25% 15,250 $2M $137.87 $216K +539 +3.7%
78 WMT 0.24% 17,707 $2M $111.41 $183K +344 +2.0%
79 WM 0.24% 8,856 $2M $219.71 -$34K -110 -1.2%
80 LH 0.21% 7,005 $2M $250.88 -$340K -300 -4.1%
81 UBS 0.21% 37,150 $2M $46.31 -$32K -5,600 -13.1%
82 HON 0.20% 8,549 $2M $195.09 -$175K -205 -2.3%
83 SHEL 0.20% 22,293 $2M $73.48 $8K -500 -2.2%
84 JMST 0.20% 31,800 $2M $50.94 -$131K -2,500 -7.3%
85 IMKTA 0.19% 23,303 $2M $68.55 $51K +1,065 +4.8%
86 MRK 0.19% 14,988 $2M $105.26 $257K -749 -4.8%
87 VBR 0.19% 7,382 $2M $211.80 $72K +236 +3.3%
88 IWR 0.19% 16,214 $2M $96.27 -$5K
89 BCC 0.19% 21,180 $2M $73.60 $403K +6,230 +41.7%
90 OUNZ 0.19% 37,000 $2M $41.48 $159K
91 TJX 0.18% 9,875 $2M $153.61 -$1K -627 -6.0%
92 VTIP 0.18% 30,400 $2M $49.46 +30,400 NEW
93 REG 0.18% 21,584 $1M $69.03 -$119K -492 -2.2%
94 AVDV 0.18% 15,830 $1M $93.97 $78K
95 META 0.18% 2,249 $1M $660.09 -$105K +84 +3.9%
96 ITT 0.18% 8,550 $1M $173.51 -$45K
97 NWS 0.17% 47,560 $1M $29.63 -$182K +1,500 +3.3%
98 ABBV 0.17% 6,123 $1M $228.49 -$98K -342 -5.3%
99 HD 0.17% 4,024 $1M $344.10 -$327K -200 -4.7%
100 PINS 0.16% 52,245 $1M $25.89 +52,245 NEW

New Positions

SymbolValue% Port
SCHP $2M 0.26%
VTIP $2M 0.18%
PINS $1M 0.16%
RIO $688K 0.08%
GHC $681K 0.08%
TOTB.DE $553K 0.07%
TIP $550K 0.07%
VOD $387K 0.05%
EWS $358K 0.04%
NOV $303K 0.04%
FCX $295K 0.04%
FLLA $289K 0.03%
DFSV $263K 0.03%
ANDE $239K 0.03%
DHC $218K 0.03%

Sold Out Positions

SymbolValue% Port
WNC —%
TTE —%
UDR —%
GNTX —%
MRTN —%
CTNM —%
DFAI —%
RUSHB —%
DFAS —%
ALE —%
FI —%
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