BAKER BOYER NATIONAL BANK
Long book
$332.8M
Q1 2026
Positions
91
Top-10 weight
80%
concentration
Last quarter
+9.0%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsBAKER BOYER NATIONAL BANK is a wealth-management firm allocating client money, running a $332.8M US long book across 91 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: DIMENSIONAL US CORE EQUITY 2, DIMENSIONAL WORLD EX US CORE, VANGUARD TAX-EXEMPT BOND ETF, DIMENSIONAL US MARKETWIDE VA, FIDELITY TOTAL BOND ETF.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.5%
Q2 2024
+5.8%
Q3 2024
-1.6%
Q4 2024
+0.1%
Q1 2025
+6.6%
Q2 2025
+6.1%
Q3 2025
+3.2%
Q4 2025
+0.2%
Q1 2026
+9.0%
Sector allocation
Technology 38%
Industrials 25%
Consumer discretionary 9%
Financials 9%
Healthcare 6%
Energy 4%
Utilities 4%
Services media 3%
Long book by quarter
What does BAKER BOYER own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 20.5K | $7.6M | 2.3% | +2.5% |
| AAPL APPLE INC | Technology | 19.0K | $4.8M | 1.4% | -1.4% |
| PCAR PACCAR INC | Industrials | 36.5K | $4.2M | 1.3% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 6.7K | $1.6M | 0.5% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 2 | $1.4M | 0.4% | Held |
| DE DEERE & CO | Industrials | 2.2K | $1.2M | 0.4% | -0.5% |
| XOM EXXON MOBIL CORP | Energy | 7.3K | $1.2M | 0.4% | -0.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.2K | $1.2M | 0.4% | -0.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.2K | $1.1M | 0.3% | -35.2% |
| EMR EMERSON ELECTRIC CO | Industrials | 7.9K | $1.0M | 0.3% | -0.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.6K | $964K | 0.3% | +19.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.0K | $931K | 0.3% | -2.9% |
| USB US BANCORP | Financials | 17.8K | $927K | 0.3% | -1.0% |
| GOOGL ALPHABET INC-CL A | Technology | 3.1K | $897K | 0.3% | -0.2% |
| GOOG ALPHABET INC-CL C | Technology | 2.9K | $836K | 0.3% | -13.1% |
| CAT CATERPILLAR INC | Industrials | 1.1K | $811K | 0.2% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 1.3K | $736K | 0.2% | -1.9% |
| RTX RTX CORP | Industrials | 3.4K | $651K | 0.2% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 2.0K | $649K | 0.2% | -3.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 2.6K | $584K | 0.2% | -0.4% |
| UNP UNION PACIFIC CORP | Industrials | 2.3K | $567K | 0.2% | Held |
| MA MASTERCARD INC - A | Services media | 1.1K | $562K | 0.2% | -0.4% |
| CVX CHEVRON CORP | Energy | 2.6K | $542K | 0.2% | -2.2% |
| BA BOEING CO/THE | Industrials | 2.7K | $540K | 0.2% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 3.4K | $493K | 0.1% | -23.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.0K | $482K | 0.1% | -1.6% |
| WM WASTE MANAGEMENT INC | Utilities | 2.0K | $455K | 0.1% | -0.5% |
| DUK DUKE ENERGY CORP | Utilities | 3.4K | $440K | 0.1% | -0.7% |
| TSLA TESLA INC | Industrials | 1.2K | $432K | 0.1% | -3.5% |
| V VISA INC-CLASS A SHARES | Services media | 1.4K | $410K | 0.1% | Held |
| MRK MERCK & CO. INC. | Healthcare | 3.0K | $362K | 0.1% | -2.5% |
| NVDA NVIDIA CORP | Technology | 2.1K | $359K | 0.1% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 1.7K | $351K | 0.1% | Held |
| ED CONSOLIDATED EDISON INC | Utilities | 3.0K | $335K | 0.1% | Held |
| CMI CUMMINS INC | Industrials | 598 | $322K | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.0K | $307K | 0.1% | Held |
| SO SOUTHERN CO/THE | Utilities | 3.0K | $293K | 0.1% | -56.3% |
| ACN ACCENTURE PLC-CL A | Services media | 1.5K | $290K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.3K | $288K | 0.1% | -6.3% |
| SYK STRYKER CORP | Healthcare | 851 | $280K | 0.1% | -2.9% |
| WMT WALMART INC | Consumer discretionary | 2.2K | $276K | 0.1% | Held |
| NKE NIKE INC -CL B | Other | 5.1K | $268K | 0.1% | -5.4% |
| TT TRANE TECHNOLOGIES PLC | Technology | 617 | $257K | 0.1% | Held |
| ETN EATON CORP PLC | Industrials | 702 | $251K | 0.1% | -12.5% |
| CSCO CISCO SYSTEMS INC | Technology | 3.1K | $244K | 0.1% | -2.2% |
| FDX FEDEX CORP | Industrials | 678 | $241K | 0.1% | New |
| DHR DANAHER CORP | Technology | 1.3K | $239K | 0.1% | -1.6% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 5.2K | $231K | 0.1% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 946 | $224K | 0.1% | -6.2% |
| MO ALTRIA GROUP INC | Consumer staples | 3.4K | $223K | 0.1% | -7.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 119 | $332.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 3, 2026 | 122 | $331.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 108 | $301.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 106 | $290.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 100 | $271.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 99 | $289.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 102 | $298.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 97 | $286.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 80 | $290.4M | canonical | SEC ↗ |