Baker Ellis Asset Management LLC Q4 2025 Filing

Filed January 21, 2026

Portfolio Value

$831.0M

Holdings

260

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (260 positions)

#StockSharesValue% PortfolioType
1
VTIVANGUARD INDEX FDS
223,174$74.8M9.00%
2
BRK/BBERKSHIRE HATHAWAY INC DEL
71,776$36.1M4.34%
3
MSFTMICROSOFT CORP
56,526$27.3M3.29%
4
VGTVANGUARD WORLD FD
33,423$25.2M3.03%
5
DISVDIMENSIONAL ETF TRUST
525,147$20.0M2.40%
6
LRCXLAM RESEARCH CORP
116,472$19.9M2.40%
7
VYMVANGUARD WHITEHALL FDS
135,353$19.4M2.34%
8
VOOVANGUARD INDEX FDS
29,650$18.6M2.24%
9
GSIEGOLDMAN SACHS ETF TR
422,232$18.1M2.18%
10
JPMJPMORGAN CHASE & CO.
55,400$17.9M2.15%
11
FBNDFIDELITY MERRIMACK STR TR
377,157$17.4M2.09%
12
STRLSTERLING INFRASTRUCTURE INC
52,183$16.0M1.92%
13
PRFINVESCO EXCHANGE TRADED FD T
322,115$15.1M1.82%
14
IXUSISHARES TR
176,941$15.0M1.80%
15
AVGOBROADCOM INC
40,364$14.0M1.68%
16
MFUSPIMCO EQUITY SER
228,295$12.9M1.56%
17
JHMMJOHN HANCOCK EXCHANGE TRADED
189,734$12.4M1.50%
18
AAPLAPPLE INC
45,033$12.2M1.47%
19
COSTCOSTCO WHSL CORP NEW
13,781$11.9M1.43%
20
RTXRTX CORPORATION
59,443$10.9M1.31%
21
GBILGOLDMAN SACHS ETF TR
108,190$10.8M1.30%
22
GOOGALPHABET INC
34,203$10.7M1.29%
23
SCHDSCHWAB STRATEGIC TR
383,354$10.5M1.27%
24
SGOVISHARES TR
104,633$10.5M1.26%
25
BRK-BBERKSHIRE HATHAWAY INC DEL
13$9.8M1.18%
26
GOOGLALPHABET INC
31,026$9.7M1.17%
27
MGCVANGUARD WORLD FD
36,385$9.1M1.10%
28
DGSWISDOMTREE TR
154,439$8.8M1.06%
29
XOMEXXON MOBIL CORP
71,952$8.7M1.04%
30
ADIANALOG DEVICES INC
27,224$7.4M0.89%
31
SYKSTRYKER CORPORATION
20,827$7.3M0.88%
32
COFCAPITAL ONE FINL CORP
30,123$7.3M0.88%
33
OSKOSHKOSH CORP
56,726$7.1M0.86%
34
TAPMOLSON COORS BEVERAGE CO
150,286$7.0M0.84%
35
MAAMID-AMER APT CMNTYS INC
48,139$6.7M0.80%
36
ISTBISHARES TR
137,030$6.7M0.80%
37
SPYSPDR S&P 500 ETF TR
8,817$6.0M0.72%
38
AMZNAMAZON COM INC
25,752$5.9M0.72%
39
MLIMUELLER INDS INC
50,965$5.8M0.70%
40
FNDXSCHWAB STRATEGIC TR
210,006$5.7M0.69%
41
NOCNORTHROP GRUMMAN CORP
9,511$5.4M0.65%
42
TKRTIMKEN CO
63,162$5.3M0.64%
43
GLDMWORLD GOLD TR
60,115$5.1M0.62%
44
VTVANGUARD INTL EQUITY INDEX F
35,620$5.0M0.60%
45
KGSKODIAK GAS SVCS INC
129,556$4.8M0.58%
46
CARRCARRIER GLOBAL CORPORATION
89,638$4.7M0.57%
47
PSAPUBLIC STORAGE OPER CO
17,662$4.6M0.55%
48
PEPPEPSICO INC
31,434$4.5M0.54%
49
PNWPINNACLE WEST CAP CORP
48,119$4.3M0.51%
50
KRKROGER CO
67,000$4.2M0.50%
51
SLBSLB LIMITED
106,300$4.1M0.49%
52
SNYSANOFI SA
83,477$4.0M0.49%
53
HIIHUNTINGTON INGALLS INDS INC
11,665$4.0M0.48%
54
VXFVANGUARD INDEX FDS
18,274$3.8M0.46%
55
LLYELI LILLY & CO
3,536$3.8M0.46%
56
NDQINVESCO QQQ TR
6,185$3.8M0.46%
57
ONON SEMICONDUCTOR CORP
70,071$3.8M0.46%
58
BPBP PLC
108,799$3.8M0.45%
59
HSICHENRY SCHEIN INC
49,328$3.7M0.45%
60
ETNEATON CORP PLC
11,684$3.7M0.45%
61
FMXFOMENTO ECONOMICO MEXICANO S
36,592$3.7M0.45%
62
VHTVANGUARD WORLD FD
12,817$3.7M0.44%
63
GTXGARRETT MOTION INC
210,145$3.7M0.44%
64
AGCOAGCO CORP
34,225$3.6M0.43%
65
GSGOLDMAN SACHS GROUP INC
3,789$3.3M0.40%
66
WYWEYERHAEUSER CO MTN BE
136,013$3.2M0.39%
67
GQ9SPDR GOLD TR
8,069$3.2M0.38%
68
RSPINVESCO EXCHANGE TRADED FD T
16,184$3.1M0.37%
69
BACVERIZON COMMUNICATIONS INC
71,052$2.9M0.35%
70
LPXLOUISIANA PAC CORP
35,005$2.8M0.34%
71
AMRZAMRIZE LTD
48,705$2.6M0.32%
72
KIMKIMCO RLTY CORP
129,620$2.6M0.32%
73
JNJJOHNSON & JOHNSON
12,475$2.6M0.31%
74
VEUVANGUARD INTL EQUITY INDEX F
32,626$2.4M0.29%
75
UNPUNION PAC CORP
10,228$2.4M0.28%
76
VVISA INC
6,427$2.3M0.27%
77
SCHPSCHWAB STRATEGIC TR
80,680$2.1M0.26%
78
NVSNNOVARTIS AG
15,250$2.1M0.25%
79
WMTWALMART INC
17,707$2.0M0.24%
80
WMWASTE MGMT INC DEL
8,856$1.9M0.23%
81
LHLABCORP HOLDINGS INC
7,005$1.8M0.21%
82
UBSUBS GROUP AG
37,150$1.7M0.21%
83
HONHONEYWELL INTL INC
8,549$1.7M0.20%
84
SHELSHELL PLC
22,293$1.6M0.20%
85
JMSTJ P MORGAN EXCHANGE TRADED F
31,800$1.6M0.19%
86
IMKTAINGLES MKTS INC
23,303$1.6M0.19%
87
MRKMERCK & CO INC
14,988$1.6M0.19%
88
VBRVANGUARD INDEX FDS
7,382$1.6M0.19%
89
IWRISHARES TR
16,214$1.6M0.19%
90
BCCBOISE CASCADE CO DEL
21,180$1.6M0.19%
91
OUNZVANECK MERK GOLD ETF
37,000$1.5M0.18%
92
TJXTJX COS INC NEW
9,875$1.5M0.18%
93
VTIPVANGUARD MALVERN FDS
30,400$1.5M0.18%
94
REGREGENCY CTRS CORP
21,584$1.5M0.18%
95
AVDVAMERICAN CENTY ETF TR
15,830$1.5M0.18%
96
METAMETA PLATFORMS INC
2,249$1.5M0.18%
97
ITTITT INC
8,550$1.5M0.18%
98
NWSNEWS CORP NEW
47,560$1.4M0.17%
99
ABBVABBVIE INC
6,123$1.4M0.17%
100
HDHOME DEPOT INC
4,024$1.4M0.17%
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