Baker Ellis Asset Management LLC

13F filer · CIK 0001365559

Reported Jul 23, 2026

Net buyer this quarter

13F portfolio value$964MU.S. long equity reported on 13F

Positions19713 new · 9 closed

Net flow last quarter+$5.61MBuys minus sells

Top 10 positions weight24.6%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 23, 2026197 positions
LRCXLam Research Corp	$45.9M	4.76%	0.01%	-5.9%	Q2 2018
STRLSterling Infrastructure, Inc.	$40.8M	4.24%	0.16%	-5.5%	Q2 2024
BRK.BBerkshire Hathaway Inc	$37.1M	3.85%	Not reported	+3.4%	Q2 2013
MSFTMicrosoft Corp	$21.4M	2.22%	0.00%	+0.1%	Q2 2013
VYMDelaware Investments Minnesota Municipal Income Fund III Inc	$21M	2.17%	Not reported	-1.4%	Q2 2013
JPMJPMorgan Chase & Co	$17.9M	1.86%	0.00%	-1.1%	Q2 2013
AVGOBroadcom Inc.	$15.2M	1.57%	0.00%	+0.2%	Q4 2023
AAPLApple Inc.	$13.1M	1.36%	0.00%	+1.7%	Q4 2013
COSTCostco Wholesale Corp	$13M	1.35%	0.00%	+0.1%	Q2 2013
GOOGAlphabet Inc.	$12.1M	1.25%	Not reported	+0.5%	Q4 2015
RTXRTX Corp	$11.1M	1.15%	0.00%	-0.3%	Q2 2020
GOOGLAlphabet Inc.	$10.9M	1.13%	0.00%	Not reported	Q4 2015
ADIAnalog Devices Inc	$10.8M	1.12%	0.01%	+0.1%	Q3 2022
BRK.ABerkshire Hathaway Inc	$9.74M	1.01%	Not reported	Not reported	Q2 2013
XOMExxonMobil Holdings Corp	$9.67M	1.00%	0.00%	-0.4%	Q2 2013
KGSKodiak Gas Services, Inc.	$9.66M	1.00%	0.13%	-0.4%	Q3 2024
TKRTimken Co	$9.48M	0.98%	0.09%	+1.7%	Q2 2013
AMZNAmazon Com Inc	$9.1M	0.94%	0.00%	+44.1%	Q4 2013
OSKOshkosh Corp	$8.82M	0.92%	0.09%	+1.4%	Q3 2019
ONOn Semiconductor Corp	$7.96M	0.83%	0.02%	+6.8%	Q1 2023
GTXGarrett Motion Inc.	$7.41M	0.77%	0.11%	-2.6%	Q4 2018
MAAMid America Apartment Communities Inc.	$7.4M	0.77%	0.05%	-1.6%	Q2 2015
SYKStryker Corp	$6.74M	0.70%	0.01%	+2.3%	Q2 2013
SPYSPDR S&P 500 ETF Trust	$6.53M	0.68%	Not reported	0.0%	Q2 2013
CARRCARRIER GLOBAL Corp	$6.49M	0.67%	0.01%	-0.2%	Q2 2020
MLIMueller Industries Inc	$6.34M	0.66%	0.02%	+1.2%	Q1 2025
LINLinde PLC	$6.13M	0.64%	0.00%	+523.8%	Q2 2020
COFCapital One Financial Corp	$6.01M	0.62%	0.00%	-1.0%	Q2 2025
TAPMolson Coors Beverage Co	$5.8M	0.60%	Not reported	-2.0%	Q2 2013
PSAPublic Storage	$5.68M	0.59%	0.01%	-2.1%	Q2 2025
PNWPinnacle West Capital Corp	$5.37M	0.56%	0.04%	+1.2%	Q2 2020
SLBSLB Limited	$5.05M	0.52%	0.01%	-0.3%	Q2 2013
ETNEaton Corp plc	$4.99M	0.52%	0.00%	Not reported	Q1 2025
NOCNorthrop Grumman Corp	$4.61M	0.48%	0.01%	-2.0%	Q2 2013
QQQInvesco QQQ Trust, Series 1	$4.51M	0.47%	Not reported	-0.1%	Q4 2013
FMXMexican Economic Development Inc	$4.46M	0.46%	Not reported	-3.3%	Q2 2013
LLYELI LILLY & Co	$4.25M	0.44%	0.00%	+0.1%	Q4 2016
AGCOAgco Corp	$4.14M	0.43%	0.05%	-0.9%	Q2 2023
PEPPepsico Inc	$4.06M	0.42%	0.00%	-1.8%	Q2 2013
GLDMWorld Gold Trust	$3.99M	0.41%	0.01%	-8.0%	Q4 2019
BPBP PLC	$3.87M	0.40%	Not reported	-0.1%	Q2 2013
KRKroger Co	$3.68M	0.38%	0.01%	-0.8%	Q2 2013
HSICHenry Schein Inc	$3.65M	0.38%	0.04%	-9.5%	Q4 2023
GSGoldman Sachs Group Inc	$3.5M	0.36%	0.00%	-7.4%	Q1 2020
SNYSanofi	$3.47M	0.36%	0.01%	-2.1%	Q2 2014
JNJJohnson & Johnson	$3.38M	0.35%	0.00%	+5.0%	Q2 2013
KIMKimco Realty Corp	$3.32M	0.34%	0.02%	-0.1%	Q2 2020
HIIHuntington Ingalls Industries, Inc.	$3.28M	0.34%	0.03%	Not reported	Q3 2024
WYWeyerhaeuser Co	$3.24M	0.34%	0.02%	-0.4%	Q1 2014
INTCIntel Corp	$3.18M	0.33%	0.00%	Not reported	Q1 2015

Q1 2026Reported Apr 17, 2026191 positions
BRK.BBerkshire Hathaway Inc	$34.4M	4.08%	Not reported	-0.1%	Q2 2013
LRCXLam Research Corp	$24.1M	2.86%	0.01%	-3.3%	Q2 2018
MSFTMicrosoft Corp	$21.2M	2.52%	0.00%	+1.4%	Q2 2013
STRLSterling Infrastructure, Inc.	$21M	2.49%	0.17%	-1.4%	Q2 2024
VYMDelaware Investments Minnesota Municipal Income Fund III Inc	$19.9M	2.36%	Not reported	-0.6%	Q2 2013
JPMJPMorgan Chase & Co	$16.3M	1.93%	0.00%	-0.1%	Q2 2013
COSTCostco Wholesale Corp	$13.8M	1.64%	0.00%	+0.7%	Q2 2013
AVGOBroadcom Inc.	$12.4M	1.47%	0.00%	-0.7%	Q4 2023
XOMExxonMobil Holdings Corp	$12.1M	1.43%	0.00%	-1.3%	Q2 2013
RTXRTX Corp	$11.3M	1.34%	0.00%	-1.2%	Q2 2020
AAPLApple Inc.	$11.3M	1.34%	0.00%	-1.1%	Q4 2013
GOOGAlphabet Inc.	$9.76M	1.16%	Not reported	-0.5%	Q4 2015
BRK.ABerkshire Hathaway Inc	$9.34M	1.11%	Not reported	Not reported	Q2 2013
GOOGLAlphabet Inc.	$8.74M	1.04%	0.00%	-2.0%	Q4 2015
ADIAnalog Devices Inc	$8.66M	1.03%	0.01%	-0.1%	Q3 2022
OSKOshkosh Corp	$8.35M	0.99%	0.09%	-0.1%	Q3 2019
KGSKodiak Gas Services, Inc.	$7.53M	0.89%	0.15%	-0.4%	Q3 2024
SYKStryker Corp	$6.88M	0.82%	0.01%	+0.5%	Q2 2013
MAAMid America Apartment Communities Inc.	$6.61M	0.78%	0.05%	+12.4%	Q2 2015
TAPMolson Coors Beverage Co	$6.55M	0.78%	Not reported	+1.2%	Q2 2013
TKRTimken Co	$6.45M	0.77%	0.09%	+1.6%	Q2 2013
NOCNorthrop Grumman Corp	$6.3M	0.75%	0.01%	-2.9%	Q2 2013
SPYSPDR S&P 500 ETF Trust	$5.68M	0.67%	Not reported	-0.9%	Q2 2013
MLIMueller Industries Inc	$5.65M	0.67%	0.05%	0.0%	Q1 2025
SLBSLB Limited	$5.59M	0.66%	0.01%	+2.4%	Q2 2013
AMZNAmazon Com Inc	$5.52M	0.66%	0.00%	+2.9%	Q4 2013
COFCapital One Financial Corp	$5.52M	0.65%	0.00%	+0.4%	Q2 2025
GLDMWorld Gold Trust	$5.07M	0.60%	0.02%	-9.1%	Q4 2019
PNWPinnacle West Capital Corp	$4.99M	0.59%	0.04%	+3.0%	Q2 2020
CARRCARRIER GLOBAL Corp	$4.99M	0.59%	0.01%	-1.2%	Q2 2020
PSAPublic Storage	$4.93M	0.59%	0.01%	+3.1%	Q2 2025
BPBP PLC	$4.93M	0.58%	Not reported	-3.7%	Q2 2013
ONOn Semiconductor Corp	$4.88M	0.58%	0.02%	+12.5%	Q1 2023
KRKroger Co	$4.84M	0.57%	0.01%	-0.2%	Q2 2013
PEPPepsico Inc	$4.74M	0.56%	0.00%	-3.0%	Q2 2013
HIIHuntington Ingalls Industries, Inc.	$4.46M	0.53%	0.03%	+0.6%	Q3 2024
ETNEaton Corp plc	$4.19M	0.50%	0.00%	+0.2%	Q1 2025
AGCOAgco Corp	$4.04M	0.48%	0.05%	+2.0%	Q2 2023
FMXMexican Economic Development Inc	$4.01M	0.48%	Not reported	-1.4%	Q2 2013
SNYSanofi	$4M	0.48%	0.01%	-0.5%	Q2 2014
GTXGarrett Motion Inc.	$3.81M	0.45%	0.11%	-0.1%	Q4 2018
HSICHenry Schein Inc	$3.56M	0.42%	0.04%	-2.0%	Q4 2023
VZVerizon Communications Inc	$3.56M	0.42%	0.00%	-0.2%	Q2 2013
QQQInvesco QQQ Trust, Series 1	$3.54M	0.42%	Not reported	-0.8%	Q4 2013
WYWeyerhaeuser Co	$3.32M	0.39%	0.02%	-0.1%	Q1 2014
GLDSPDR Gold Trust	$3.31M	0.39%	0.00%	-4.5%	Q2 2013
LLYELI LILLY & Co	$3.26M	0.39%	0.00%	+0.3%	Q4 2016
GSGoldman Sachs Group Inc	$3.16M	0.38%	0.00%	-1.3%	Q1 2020
JNJJohnson & Johnson	$3.1M	0.37%	0.00%	+1.5%	Q2 2013
KIMKimco Realty Corp	$2.95M	0.35%	0.02%	+1.2%	Q2 2020

Q4 2025Reported Jan 21, 2026198 positions
BRK.BBerkshire Hathaway Inc	$36.1M	4.34%	Not reported	+1.4%	Q2 2013
MSFTMicrosoft Corp	$27.3M	3.29%	0.00%	+0.2%	Q2 2013
LRCXLam Research Corp	$19.9M	2.40%	0.01%	-3.3%	Q2 2018
VYMDelaware Investments Minnesota Municipal Income Fund III Inc	$19.4M	2.34%	Not reported	-2.4%	Q2 2013
JPMJPMorgan Chase & Co	$17.9M	2.15%	0.00%	+0.9%	Q2 2013
STRLSterling Infrastructure, Inc.	$16M	1.92%	0.17%	-3.7%	Q2 2024
AVGOBroadcom Inc.	$14M	1.68%	0.00%	-2.8%	Q4 2023
AAPLApple Inc.	$12.2M	1.47%	0.00%	+1.6%	Q4 2013
COSTCostco Wholesale Corp	$11.9M	1.43%	0.00%	-0.4%	Q2 2013
RTXRTX Corp	$10.9M	1.31%	0.00%	+0.2%	Q2 2020
GOOGAlphabet Inc.	$10.7M	1.29%	Not reported	-1.0%	Q4 2015
BRK.ABerkshire Hathaway Inc	$9.81M	1.18%	Not reported	Not reported	Q2 2013
GOOGLAlphabet Inc.	$9.71M	1.17%	0.00%	+0.3%	Q4 2015
XOMExxonMobil Holdings Corp	$8.66M	1.04%	0.00%	-0.4%	Q2 2013
ADIAnalog Devices Inc	$7.38M	0.89%	0.01%	-3.9%	Q3 2022
SYKStryker Corp	$7.32M	0.88%	0.01%	-0.4%	Q2 2013
COFCapital One Financial Corp	$7.3M	0.88%	0.00%	-0.7%	Q2 2025
OSKOshkosh Corp	$7.13M	0.86%	0.09%	+2.3%	Q3 2019
TAPMolson Coors Beverage Co	$7.02M	0.84%	Not reported	+0.9%	Q2 2013
MAAMid America Apartment Communities Inc.	$6.69M	0.80%	0.04%	+2.8%	Q2 2015
SPYSPDR S&P 500 ETF Trust	$6.01M	0.72%	Not reported	-5.5%	Q2 2013
AMZNAmazon Com Inc	$5.94M	0.72%	0.00%	+5.5%	Q4 2013
MLIMueller Industries Inc	$5.85M	0.70%	0.02%	+3.7%	Q1 2025
NOCNorthrop Grumman Corp	$5.42M	0.65%	0.01%	-1.5%	Q2 2013
TKRTimken Co	$5.31M	0.64%	0.09%	-0.8%	Q2 2013
GLDMWorld Gold Trust	$5.13M	0.62%	0.02%	+0.4%	Q4 2019
KGSKodiak Gas Services, Inc.	$4.85M	0.58%	0.15%	+1.3%	Q3 2024
CARRCARRIER GLOBAL Corp	$4.74M	0.57%	0.01%	-5.3%	Q2 2020
PSAPublic Storage	$4.58M	0.55%	0.01%	+2.0%	Q2 2025
PEPPepsico Inc	$4.51M	0.54%	0.00%	-0.8%	Q2 2013
PNWPinnacle West Capital Corp	$4.27M	0.51%	0.04%	+1.0%	Q2 2020
KRKroger Co	$4.19M	0.50%	0.01%	+1.1%	Q2 2013
SLBSLB Limited	$4.08M	0.49%	0.01%	+0.1%	Q2 2013
SNYSanofi	$4.05M	0.49%	0.01%	-10.2%	Q2 2014
HIIHuntington Ingalls Industries, Inc.	$3.97M	0.48%	0.03%	-0.2%	Q3 2024
LLYELI LILLY & Co	$3.8M	0.46%	0.00%	+2.2%	Q4 2016
QQQInvesco QQQ Trust, Series 1	$3.8M	0.46%	Not reported	-0.6%	Q4 2013
ONOn Semiconductor Corp	$3.79M	0.46%	0.02%	-3.7%	Q1 2023
BPBP PLC	$3.78M	0.45%	Not reported	+2.0%	Q2 2013
HSICHenry Schein Inc	$3.73M	0.45%	0.04%	-7.6%	Q4 2023
ETNEaton Corp plc	$3.72M	0.45%	0.00%	+0.8%	Q1 2025
FMXMexican Economic Development Inc	$3.7M	0.45%	Not reported	-4.5%	Q2 2013
GTXGarrett Motion Inc.	$3.66M	0.44%	0.11%	-1.1%	Q4 2018
AGCOAgco Corp	$3.57M	0.43%	0.05%	+1.9%	Q2 2023
GSGoldman Sachs Group Inc	$3.33M	0.40%	0.00%	-0.5%	Q1 2020
WYWeyerhaeuser Co	$3.22M	0.39%	0.02%	-6.6%	Q1 2014
GLDSPDR Gold Trust	$3.2M	0.38%	0.00%	-0.1%	Q2 2013
VZVerizon Communications Inc	$2.89M	0.35%	0.00%	-0.2%	Q2 2013
LPXLouisiana-Pacific Corp	$2.83M	0.34%	0.05%	-1.8%	Q1 2019
AMRZAmrize Ltd	$2.63M	0.32%	0.01%	+2.6%	Q3 2025

Q3 2025Reported Oct 23, 2025191 positions
BRK.BBerkshire Hathaway Inc	$35.6M	4.38%	Not reported	+2.0%	Q2 2013
MSFTMicrosoft Corp	$29.2M	3.60%	0.00%	+1.8%	Q2 2013
VYMDelaware Investments Minnesota Municipal Income Fund III Inc	$19.6M	2.41%	Not reported	-2.6%	Q2 2013
STRLSterling Infrastructure, Inc.	$18.4M	2.27%	0.18%	-2.3%	Q2 2024
JPMJPMorgan Chase & Co	$17.3M	2.13%	0.00%	+5.5%	Q2 2013
LRCXLam Research Corp	$16.1M	1.99%	0.01%	-2.0%	Q2 2018
AVGOBroadcom Inc.	$13.7M	1.69%	0.00%	-1.2%	Q4 2023
COSTCostco Wholesale Corp	$12.8M	1.58%	0.00%	+9.5%	Q2 2013
AAPLApple Inc.	$11.3M	1.39%	0.00%	+1.3%	Q4 2013
RTXRTX Corp	$9.92M	1.22%	0.00%	+1.0%	Q2 2020
BRK.ABerkshire Hathaway Inc	$9.8M	1.21%	Not reported	Not reported	Q2 2013
GOOGAlphabet Inc.	$8.42M	1.04%	Not reported	+15.8%	Q4 2015
XOMExxonMobil Holdings Corp	$8.14M	1.00%	0.00%	-0.5%	Q2 2013
SYKStryker Corp	$7.73M	0.95%	0.01%	-1.2%	Q2 2013
GOOGLAlphabet Inc.	$7.52M	0.93%	0.00%	+41.9%	Q4 2015
OSKOshkosh Corp	$7.19M	0.89%	0.09%	+1.1%	Q3 2019
ADIAnalog Devices Inc	$6.96M	0.86%	0.01%	+10.8%	Q3 2022
TAPMolson Coors Beverage Co	$6.74M	0.83%	Not reported	+1.2%	Q2 2013
MAAMid America Apartment Communities Inc.	$6.54M	0.81%	0.04%	0.0%	Q2 2015
COFCapital One Financial Corp	$6.45M	0.79%	0.00%	-1.5%	Q2 2025
SPYSPDR S&P 500 ETF Trust	$6.22M	0.77%	Not reported	+45.8%	Q2 2013
NOCNorthrop Grumman Corp	$5.88M	0.72%	0.01%	+0.2%	Q2 2013
CARRCARRIER GLOBAL Corp	$5.65M	0.70%	0.01%	+0.4%	Q2 2020
FISVFiserv Inc	$5.39M	0.66%	0.01%	+3.2%	Q1 2021
AMZNAmazon Com Inc	$5.36M	0.66%	0.00%	+31.6%	Q4 2013
PSAPublic Storage	$5M	0.62%	0.01%	+7.4%	Q2 2025
MLIMueller Industries Inc	$4.97M	0.61%	0.04%	+4.2%	Q1 2025
TKRTimken Co	$4.79M	0.59%	0.09%	-1.9%	Q2 2013
KGSKodiak Gas Services, Inc.	$4.73M	0.58%	0.15%	-0.4%	Q3 2024
GLDMWorld Gold Trust	$4.58M	0.56%	0.02%	+5.1%	Q4 2019
KRKroger Co	$4.47M	0.55%	0.01%	-0.5%	Q2 2013
PEPPepsico Inc	$4.45M	0.55%	0.00%	-5.5%	Q2 2013
SNYSanofi	$4.39M	0.54%	0.01%	-3.0%	Q2 2014
ETNEaton Corp plc	$4.34M	0.53%	0.00%	+0.3%	Q1 2025
PNWPinnacle West Capital Corp	$4.27M	0.53%	0.04%	-1.0%	Q2 2020
FMXMexican Economic Development Inc	$3.78M	0.47%	Not reported	-4.3%	Q2 2013
QQQInvesco QQQ Trust, Series 1	$3.73M	0.46%	Not reported	-3.3%	Q4 2013
BPBP PLC	$3.67M	0.45%	Not reported	-2.3%	Q2 2013
SLBSLB Limited	$3.65M	0.45%	0.01%	-0.5%	Q2 2013
WYWeyerhaeuser Co	$3.61M	0.44%	0.02%	-3.9%	Q1 2014
AGCOAgco Corp	$3.6M	0.44%	0.05%	+6.4%	Q2 2023
ONOn Semiconductor Corp	$3.59M	0.44%	0.02%	+0.5%	Q1 2023
HSICHenry Schein Inc	$3.54M	0.44%	0.05%	-1.8%	Q4 2023
HIIHuntington Ingalls Industries, Inc.	$3.37M	0.41%	0.03%	+1.0%	Q3 2024
LPXLouisiana-Pacific Corp	$3.17M	0.39%	0.05%	-0.3%	Q1 2019
VZVerizon Communications Inc	$3.13M	0.39%	0.00%	+4.1%	Q2 2013
GSGoldman Sachs Group Inc	$3.03M	0.37%	0.00%	-0.4%	Q1 2020
KIMKimco Realty Corp	$2.92M	0.36%	0.02%	-1.5%	Q2 2020
GTXGarrett Motion Inc.	$2.89M	0.36%	0.11%	-2.2%	Q4 2018
GLDSPDR Gold Trust	$2.87M	0.35%	0.00%	Not reported	Q2 2013

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