Baker Ellis Asset Management LLC
CIK 1365559 · View on SEC EDGAR ↗
- Portfolio value
- $964.1M
- Positions
- 265
- As of
- June 30, 2026
#2,514 of 9,443 by 13F value · top 26.6%
Portfolio value QoQ: +14.4% 13F does not disclose cash
- Top 10 holdings weight
- 35.21%
- Top 25 holdings weight
- 56.88%
- Positions above 1%
- 30
- Effective number of positions
- 47.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.45% Est. buys $55,029,420 · sells $22,120,167
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 83.6% still held
- New positions
- 21
- Increased
- 58
- Decreased
- 96
- Closed
- 10
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Industrials
13.1%
Technology
12.8%
Retail
3.5%
Energy
3.5%
Healthcare
3.4%
Communication Services
2.8%
Real Estate
2.6%
Financials
2.5%
Financial Services
1.7%
Consumer Staples
1.5%
Consumer Discretionary
1.1%
Utilities
1.0%
Materials
0.9%
Telecommunication
0.3%
Paper & Forest
0.3%
Diversified Consumer Services
0.1%
Consumer products
0.1%
Communications
0.1%
Packaging
0.1%
Logistics & Transportation
0.1%
Other/Unmapped
48.4%
Full portfolio 265 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| VTI | $80,692,453 | 8.37% | 218,064 | $9,431,061 | Down ×6 | ||
| LRCX Lam Research Corporation - Common Stock | $45,929,604 | 4.76% | 105,992 | $21,866,743 | Down ×6 | ||
| STRL Sterling Infrastructure, Inc. - Common Stock | $40,840,740 | 4.24% | 48,657 | $19,878,553 | Down ×4 | ||
| BRKB | $37,088,474 | 3.85% | 74,119 | $2,721,622 | Up ×1 | ||
| VGT | $30,293,420 | 3.14% | 253,459 | $7,845,674 | Up ×1 | ||
| DISV | $21,651,998 | 2.25% | 539,546 | $340,883 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $21,403,582 | 2.22% | 57,379 | $187,634 | Up ×4 | ||
| VOO | $21,157,060 | 2.19% | 30,805 | $4,064,785 | Up ×1 | ||
| VYM | $20,958,806 | 2.17% | 132,625 | $1,041,692 | Down ×6 | ||
| GSIE | $19,405,807 | 2.01% | 424,635 | $1,189,142 | Up ×6 | ||
| JPM JP Morgan Chase & Co. Common Stock | $17,921,468 | 1.86% | 54,750 | $1,638,135 | Down ×2 | ||
| IXUS iShares Core MSCI Total International Stock ETF | $17,761,463 | 1.84% | 186,101 | $1,779,013 | Up ×6 | ||
| PRF | $17,062,476 | 1.77% | 315,796 | $1,913,778 | Down ×5 | ||
| FBND | $16,753,933 | 1.74% | 368,299 | $-287,473 | Down ×2 | ||
| MFUS | $16,263,335 | 1.69% | 242,122 | $2,908,461 | Up ×3 | ||
| AVGO Broadcom Inc. - Common Stock | $15,168,435 | 1.57% | 40,155 | $2,764,947 | Up ×1 | ||
| JHMM | $14,205,711 | 1.47% | 189,511 | $1,416,293 | Down ×1 | ||
| AAPL Apple Inc. - Common Stock | $13,108,777 | 1.36% | 45,303 | $1,804,296 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $12,991,378 | 1.35% | 13,888 | $-830,380 | Up ×2 | ||
| SCHD | $12,325,650 | 1.28% | 388,699 | $562,976 | Up ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $12,078,973 | 1.25% | 34,186 | $2,319,689 | Up ×1 | ||
| RTX RTX Corporation Common Stock | $11,107,741 | 1.15% | 58,545 | $-217,464 | Down ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $10,866,192 | 1.13% | 30,406 | $2,122,643 | |||
| ADI Analog Devices, Inc. - Common Stock | $10,819,810 | 1.12% | 27,242 | $2,163,335 | Up ×1 | ||
| DGS | $10,553,166 | 1.09% | 163,084 | $668,847 | Down ×1 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $9,925,357 | 1.03% | 98,593 | $-1,290,985 | Down ×1 | ||
| MGC | $9,749,437 | 1.01% | 35,630 | $1,352,867 | Up ×1 | ||
| BRKA | $9,735,050 | 1.01% | 13 | $399,230 | |||
| XOM Exxon Mobil Corporation Common Stock | $9,671,434 | 1.00% | 70,739 | $-2,379,966 | Down ×5 | ||
| KGS Kodiak Gas Services, Inc. Common Stock | $9,658,541 | 1.00% | 128,558 | $2,131,937 | Down ×2 | ||
| TKR Timken Company (The) Common Stock | $9,481,111 | 0.98% | 65,243 | $3,028,269 | Up ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $9,102,681 | 0.94% | 38,192 | $3,582,947 | Up ×6 | ||
| OSK Oshkosh Corporation (Holding Company)Common Stock | $8,823,038 | 0.92% | 57,487 | $476,491 | Up ×1 | ||
| GBIL | $8,322,095 | 0.86% | 83,088 | $-1,759,074 | Down ×4 | ||
| ON ON Semiconductor Corporation - Common Stock | $7,958,944 | 0.83% | 84,186 | $3,078,657 | Up ×2 | ||
| GTX Garrett Motion Inc. - Common Stock | $7,411,485 | 0.77% | 204,568 | $3,596,768 | Down ×6 | ||
| MAA Mid-America Apartment Communities, Inc. Common Stock | $7,395,342 | 0.77% | 53,227 | $786,735 | Down ×1 | ||
| SYK Stryker Corporation Common Stock | $6,736,945 | 0.70% | 21,398 | $-138,471 | Up ×2 | ||
| FNDX | $6,701,770 | 0.70% | 215,491 | $645,899 | Down ×1 | ||
| SPY SPY | $6,528,263 | 0.68% | 8,742 | $843,641 | Up ×1 | ||
| CARR Carrier Global Corporation Common Stock | $6,488,725 | 0.67% | 88,463 | $1,499,740 | Down ×3 | ||
| MLI Mueller Industries, Inc. Common Stock | $6,338,971 | 0.66% | 51,566 | $691,986 | Up ×5 | ||
| LIN Linde plc - Ordinary Shares | $6,130,778 | 0.64% | 11,814 | $5,191,789 | Up ×1 | ||
| COF Capital One Financial Corporation Common Stock | $6,009,773 | 0.62% | 29,956 | $491,813 | Down ×1 | ||
| ISTB iShares Core 1-5 Year USD Bond ETF | $5,832,943 | 0.61% | 120,890 | $-620,233 | Down ×2 | ||
| TAP Molson Coors Beverage Company Class B Common Stock | $5,802,849 | 0.60% | 148,944 | $-744,090 | Down ×1 | ||
| PSA Public Storage Common Stock | $5,676,216 | 0.59% | 17,832 | $742,920 | Down ×1 | ||
| VT | $5,583,886 | 0.58% | 35,577 | $656,238 | Down ×1 | ||
| PNW Pinnacle West Capital Corporation Common Stock | $5,365,408 | 0.56% | 50,144 | $373,850 | Up ×3 | ||
| SLB SLB Limited Common Shares | $5,046,490 | 0.52% | 108,550 | $-547,312 | Down ×1 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $4,989,439 | 0.52% | 11,709 | $801,481 | |||
| NOC Northrop Grumman Corporation Common Stock | $4,607,218 | 0.48% | 9,046 | $-1,690,819 | Down ×3 | ||
| QQQ Invesco QQQ Trust, Series 1 | $4,513,396 | 0.47% | 6,129 | $972,974 | Down ×6 | ||
| VXF | $4,499,242 | 0.47% | 18,274 | $738,453 | |||
| FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock | $4,458,937 | 0.46% | 34,863 | $453,301 | Down ×6 | ||
| LLY Eli Lilly and Company Common Stock | $4,254,396 | 0.44% | 3,547 | $993,802 | Up ×4 | ||
| AGCO AGCO Corporation Common Stock | $4,141,074 | 0.43% | 34,595 | $97,791 | Down ×1 | ||
| PEP PepsiCo, Inc. - Common Stock | $4,057,463 | 0.42% | 29,966 | $-679,502 | Down ×5 | ||
| GLDM | $3,992,841 | 0.41% | 50,275 | $-1,074,058 | Down ×2 | ||
| BP BP p.l.c. Common Stock | $3,868,712 | 0.40% | 104,701 | $-1,056,896 | Down ×2 | ||
| VHT | $3,829,421 | 0.40% | 12,807 | $306,288 | Down ×1 | ||
| KR Kroger Company (The) Common Stock | $3,682,194 | 0.38% | 66,310 | $-1,155,072 | Down ×2 | ||
| HSIC Henry Schein, Inc. - Common Stock | $3,654,021 | 0.38% | 43,750 | $91,123 | Down ×6 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $3,503,042 | 0.36% | 3,464 | $340,173 | Down ×6 | ||
| SNY Sanofi - American Depositary Shares | $3,470,050 | 0.36% | 81,342 | $-532,118 | Down ×4 | ||
| JNJ Johnson & Johnson Common Stock | $3,376,277 | 0.35% | 13,294 | $280,359 | Up ×4 | ||
| KIM Kimco Realty Corporation (HC) Common Stock | $3,321,357 | 0.34% | 131,020 | $375,091 | Down ×1 | ||
| HII Huntington Ingalls Industries, Inc. Common Stock | $3,284,509 | 0.34% | 11,735 | $-1,173,618 | |||
| WY Weyerhaeuser Company Common Stock | $3,238,298 | 0.34% | 135,267 | $-79,675 | Down ×6 | ||
| RSP | $3,209,653 | 0.33% | 15,085 | $295,444 | Down ×5 | ||
| SCHP | $3,205,970 | 0.33% | 120,980 | $867,483 | Up ×2 | ||
| INTC Intel Corporation - Common Stock | $3,176,024 | 0.33% | 22,746 | Up ×1 | |||
| VZ Verizon Communications Inc. Common Stock | $3,005,411 | 0.31% | 70,983 | $-555,816 | Up ×1 | ||
| GLD | $2,751,430 | 0.29% | 7,469 | $-563,524 | Down ×3 | ||
| LPX Louisiana-Pacific Corporation Common Stock | $2,745,588 | 0.28% | 34,905 | $206,286 | |||
| UNP Union Pacific Corporation Common Stock | $2,703,244 | 0.28% | 9,938 | $284,712 | Down ×5 | ||
| VEU | $2,648,678 | 0.27% | 31,626 | $198,465 | Down ×1 | ||
| AMRZ Amrize Ltd Ordinary Shares | $2,606,749 | 0.27% | 48,907 | $-205,735 | Down ×1 | ||
| VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares | $2,470,060 | 0.26% | 49,175 | $576,955 | Up ×2 | ||
| NVS Novartis AG Common Stock | $2,342,964 | 0.24% | 14,950 | $59,351 | |||
| TER Teradyne, Inc. - Common Stock | $2,322,432 | 0.24% | 4,800 | $929,070 | Up ×1 | ||
| V Visa Inc. | $2,110,690 | 0.22% | 6,152 | $168,194 | Down ×1 | ||
| WMT Walmart Inc. - Common Stock | $2,012,309 | 0.21% | 17,767 | $-185,851 | Up ×1 | ||
| BCC Boise Cascade, L.L.C. Common Stock | $2,010,617 | 0.21% | 25,900 | $374,532 | Up ×3 | ||
| IMKTA Ingles Markets, Incorporated - Class A Common Stock | $1,988,886 | 0.21% | 22,453 | $-40,650 | Down ×2 | ||
| WM Waste Management, Inc. Common Stock | $1,962,681 | 0.20% | 8,806 | $-60,850 | |||
| CAT Caterpillar, Inc. Common Stock | $1,961,546 | 0.20% | 1,842 | $575,090 | Down ×2 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $1,925,958 | 0.20% | 14,988 | $123,051 | |||
| LH Labcorp Holdings Inc. Common Stock | $1,852,200 | 0.19% | 6,615 | $-16,804 | Down ×1 | ||
| UBS UBS Group AG Registered Ordinary Shares | $1,801,504 | 0.19% | 36,350 | $346,146 | Down ×1 | ||
| VBR | $1,796,535 | 0.19% | 7,393 | $186,062 | Down ×1 | ||
| IWR | $1,788,728 | 0.19% | 16,214 | $212,241 | |||
| ITT ITT Inc. Common Stock | $1,671,072 | 0.17% | 8,450 | $42,040 | Down ×1 | ||
| AVDV | $1,641,587 | 0.17% | 15,930 | $60,803 | Up ×1 | ||
| SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) | $1,620,043 | 0.17% | 20,893 | $-369,506 | Down ×3 | ||
| REG Regency Centers Corporation - Common Stock | $1,604,408 | 0.17% | 20,120 | $152 | Down ×6 | ||
| ABBV AbbVie Inc. Common Stock | $1,530,726 | 0.16% | 6,083 | $207,734 | |||
| JMST | $1,519,800 | 0.16% | 29,800 | $596 | |||
| TJX TJX Companies, Inc. (The) Common Stock | $1,435,463 | 0.15% | 9,475 | $-93,665 | Down ×3 | ||
| HD Home Depot, Inc. (The) Common Stock | $1,419,191 | 0.15% | 4,024 | $95,731 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| MSFT | $21,403,582 | 2.22% | up ×4 |
| GSIE | $19,405,807 | 2.01% | up ×6 |
| IXUS | $17,761,463 | 1.84% | up ×6 |
| MFUS | $16,263,335 | 1.69% | up ×3 |
| AMZN | $9,102,681 | 0.94% | up ×6 |
| MLI | $6,338,971 | 0.66% | up ×5 |
| PNW | $5,365,408 | 0.56% | up ×3 |
| LLY | $4,254,396 | 0.44% | up ×4 |
| JNJ | $3,376,277 | 0.35% | up ×4 |
| BCC | $2,010,617 | 0.21% | up ×3 |
| RYN | $837,496 | 0.09% | up ×3 |
| ARCO | $529,542 | 0.05% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| INTC | $3,176,024 | 22,746 | 0.33% |
| LSCC | $959,518 | 6,273 | 0.10% |
| Unknown issuer (CUSIP: 438516205) | $955,829 | 4,269 | 0.10% |
| Unknown issuer (CUSIP: 43849R105) | $943,791 | 4,269 | 0.10% |
| BOND | $331,956 | 3,600 | 0.03% |
| SCJ | $231,682 | 2,200 | 0.02% |
| VSEC | $228,500 | 1,000 | 0.02% |
| UHAL | $226,422 | 3,460 | 0.02% |
| BA | $225,562 | 1,042 | 0.02% |
| VUSB | $224,010 | 4,500 | 0.02% |
| MET | $219,393 | 2,593 | 0.02% |
| RUSHB | $218,943 | 2,862 | 0.02% |
| LSTR | $218,598 | 1,057 | 0.02% |
| TSLA | $218,203 | 519 | 0.02% |
| PHIN | $216,561 | 2,629 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| LRCX | Trimmed | -7K | +$21.9M |
| STRL | Trimmed | -3K | +$19.9M |
| VTI | Trimmed | -4K | +$9.4M |
| VGT | Bought more | +221K | +$7.8M |
| VOO | Bought more | +2K | +$4.1M |
| GTX | Trimmed | -5K | +$3.6M |
| AMZN | Bought more | +12K | +$3.6M |
| ON | Bought more | +5K | +$3.1M |
| TKR | Bought more | +1K | +$3.0M |
| MFUS | Bought more | +13K | +$2.9M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| FISV | Dec. 31, 2025 | 41,811 | $5,390,628 | -23.3% |
| DFS | June 30, 2025 | 30,579 | $5,219,835 | No longer tracked |
| SKX | June 30, 2025 | 81,209 | $4,611,047 | No longer tracked |
| GPK | June 30, 2025 | 163,309 | $4,239,502 | -44.6% |
| FBIN | June 30, 2025 | 61,602 | $3,750,330 | -12.4% |
| BAX | Sept. 30, 2025 | 88,055 | $2,666,305 | 15.0% |
| HON | June 30, 2026 | 8,549 | $1,932,330 | -1.9% |
| ADM | March 31, 2025 | 35,265 | $1,781,588 | 72.0% |
| TGT | March 31, 2025 | 9,196 | $1,243,115 | 55.6% |
| TIP | June 30, 2026 | 5,000 | $551,800 | No longer tracked |
| NKE | June 30, 2026 | 10,118 | $534,433 | -1.2% |
| FDP | June 30, 2026 | 11,100 | $446,886 | No longer tracked |
| DFAI | Dec. 31, 2025 | 11,000 | $399,850 | No longer tracked |
| FXE | March 31, 2026 | 3,500 | $379,593 | No longer tracked |
| JEF | March 31, 2026 | 6,000 | $371,820 | 27.1% |
| SJM | June 30, 2025 | 2,955 | $349,902 | 25.0% |
| ANGL | March 31, 2026 | 11,651 | $342,139 | -0.4% |
| UDR | Dec. 31, 2025 | 8,420 | $313,729 | 2.9% |
| ALE | Dec. 31, 2025 | 4,650 | $308,760 | No longer tracked |
| STZ | March 31, 2025 | 1,376 | $304,096 | -26.8% |
| PCH | March 31, 2026 | 7,561 | $300,777 | No longer tracked |
| IBM | March 31, 2026 | 962 | $284,954 | -3.6% |
| GNTX | Dec. 31, 2025 | 9,927 | $280,934 | 3.1% |
| DFAS | June 30, 2025 | 4,671 | $279,092 | No longer tracked |
| CCEP | June 30, 2025 | 3,000 | $261,090 | 16.2% |
| UNH | June 30, 2025 | 489 | $256,114 | 24.2% |
| PGR | June 30, 2025 | 900 | $254,709 | -17.5% |
| LMNR | June 30, 2026 | 18,800 | $252,296 | 6.6% |
| TMO | March 31, 2026 | 429 | $248,630 | 26.2% |
| THO | March 31, 2026 | 2,408 | $247,229 | -0.2% |
| HMC | March 31, 2026 | 8,100 | $238,788 | 37.2% |
| PSLV | March 31, 2026 | 10,000 | $236,500 | No longer tracked |
| FICO | March 31, 2026 | 139 | $234,996 | 9.2% |
| TSLA | March 31, 2026 | 519 | $233,310 | -6.2% |
| CTNM | Dec. 31, 2025 | 19,500 | $229,125 | 40.0% |
| CLX | March 31, 2025 | 1,400 | $227,374 | -28.4% |
| NTR | June 30, 2026 | 3,000 | $226,380 | 16.8% |
| RUSHB | Dec. 31, 2025 | 3,912 | $224,627 | 38.8% |
| ACN | June 30, 2025 | 710 | $221,548 | -38.9% |
| DFIN | March 31, 2025 | 3,500 | $219,555 | 11.4% |
| ECL | March 31, 2025 | 936 | $219,324 | 10.8% |
| GGG | June 30, 2026 | 2,589 | $219,159 | 7.6% |
| MDLZ | March 31, 2025 | 3,655 | $218,313 | -5.5% |
| DHR | March 31, 2026 | 920 | $210,515 | 12.9% |
| SHLD | June 30, 2026 | 2,960 | $209,686 | No longer tracked |
| SIVR | June 30, 2026 | 2,900 | $207,669 | No longer tracked |
| ALK | March 31, 2026 | 4,094 | $205,928 | 10.4% |
| DFAS | Dec. 31, 2025 | 3,000 | $205,380 | No longer tracked |
| ABT | June 30, 2026 | 1,999 | $205,237 | 26.1% |
| MET | March 31, 2026 | 2,593 | $204,691 | 33.8% |
| RPM | June 30, 2025 | 1,760 | $203,597 | 0.5% |
| NXST | March 31, 2026 | 1,000 | $203,050 | 2.8% |
| DFAE | June 30, 2025 | 7,838 | $202,926 | No longer tracked |
| PM | Sept. 30, 2025 | 1,100 | $200,343 | 17.0% |
| USMV | March 31, 2026 | 2,125 | $200,090 | No longer tracked |
| CVE | June 30, 2025 | 12,900 | $179,439 | 140.6% |
| IFN | March 31, 2026 | 12,000 | $164,520 | 4.6% |
| PSLV | June 30, 2025 | 11,000 | $127,600 | No longer tracked |
| MRTN | Dec. 31, 2025 | 11,620 | $123,869 | 31.4% |
| WNC | Dec. 31, 2025 | 11,250 | $111,038 | 39.0% |
| WU | March 31, 2026 | 10,000 | $93,100 | -16.6% |
| ABEV | March 31, 2026 | 30,000 | $74,100 | -2.1% |
| TMC | Sept. 30, 2025 | 10,000 | $66,000 | -33.4% |