Baker Ellis Asset Management LLC
Long book
$842.5M
Q1 2026
Positions
254
Top-10 weight
32%
concentration
Last quarter
+12.1%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsBaker Ellis Asset Management LLC is an institutional manager, running a $842.5M US long book across 254 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, BERKSHIRE HATHAWAY INC-CL B, LAM RESEARCH CORP, VANGUARD INFO TECH ETF, DIMENSIONAL INTERNATIONAL SM.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.1%
Q2 2024
+6.6%
Q3 2024
-1.0%
Q4 2024
-0.3%
Q1 2025
+6.9%
Q2 2025
+7.2%
Q3 2025
+2.7%
Q4 2025
+2.3%
Q1 2026
+12.1%
Sector allocation
Industrials 28%
Technology 21%
Financials 18%
Consumer discretionary 10%
Energy 5%
Healthcare 5%
Utilities 4%
Consumer staples 3%
Long book by quarter
What does Baker Ellis own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 71.7K | $34.4M | 4.1% | -0.1% |
| LRCX LAM RESEARCH CORP | Industrials | 112.6K | $24.1M | 2.9% | -3.3% |
| MSFT MICROSOFT CORP | Technology | 57.3K | $21.2M | 2.5% | +1.4% |
| STRL STERLING INFRASTRUCTURE INC | Industrials | 51.5K | $21.0M | 2.5% | -1.4% |
| JPM JPMORGAN CHASE & CO | Financials | 55.4K | $16.3M | 1.9% | -0.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 13.9K | $13.8M | 1.6% | +0.7% |
| AVGO BROADCOM INC | Technology | 40.1K | $12.4M | 1.5% | -0.7% |
| XOM EXXON MOBIL CORP | Energy | 71.0K | $12.1M | 1.4% | -1.3% |
| RTX RTX CORP | Industrials | 58.7K | $11.3M | 1.3% | -1.2% |
| AAPL APPLE INC | Technology | 44.5K | $11.3M | 1.3% | -1.1% |
| GOOG ALPHABET INC-CL C | Technology | 34.0K | $9.8M | 1.2% | -0.5% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 13 | $9.3M | 1.1% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 30.4K | $8.7M | 1.0% | -2.0% |
| ADI ANALOG DEVICES INC | Technology | 27.2K | $8.7M | 1.0% | -0.1% |
| OSK OSHKOSH CORP | Industrials | 56.7K | $8.3M | 1.0% | 0.0% |
| KGS KODIAK GAS SERVICES INC | Utilities | 129.1K | $7.5M | 0.9% | -0.4% |
| SYK STRYKER CORP | Healthcare | 20.9K | $6.9M | 0.8% | +0.5% |
| TAP MOLSON COORS BEVERAGE CO - B | Consumer staples | 152.0K | $6.5M | 0.8% | +1.2% |
| TKR TIMKEN CO | Industrials | 64.2K | $6.5M | 0.8% | +1.6% |
| NOC NORTHROP GRUMMAN CORP | Technology | 9.2K | $6.3M | 0.7% | -2.9% |
| MLI MUELLER INDUSTRIES INC | Industrials | 51.0K | $5.6M | 0.7% | 0.0% |
| SLB SLB LTD | Energy | 108.8K | $5.6M | 0.7% | +2.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 26.5K | $5.5M | 0.7% | +2.9% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 30.2K | $5.5M | 0.7% | +0.4% |
| PNW PINNACLE WEST CAPITAL | Utilities | 49.5K | $5.0M | 0.6% | +3.0% |
| CARR CARRIER GLOBAL CORP | Industrials | 88.6K | $5.0M | 0.6% | -1.2% |
| ON ON SEMICONDUCTOR | Technology | 78.8K | $4.9M | 0.6% | +12.5% |
| KR KROGER CO | Consumer discretionary | 66.8K | $4.8M | 0.6% | -0.2% |
| PEP PEPSICO INC | Consumer staples | 30.5K | $4.7M | 0.6% | -3.0% |
| HII HUNTINGTON INGALLS INDUSTRIE | Industrials | 11.7K | $4.5M | 0.5% | +0.6% |
| ETN EATON CORP PLC | Industrials | 11.7K | $4.2M | 0.5% | +0.2% |
| AGCO AGCO CORP | Industrials | 34.9K | $4.0M | 0.5% | +2.0% |
| GTX GARRETT MOTION INC | Industrials | 209.9K | $3.8M | 0.5% | -0.1% |
| HSIC HENRY SCHEIN INC | Consumer discretionary | 48.3K | $3.6M | 0.4% | -2.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 70.9K | $3.6M | 0.4% | -0.2% |
| LLY ELI LILLY & CO | Healthcare | 3.5K | $3.3M | 0.4% | +0.3% |
| GS GOLDMAN SACHS GROUP INC | Financials | 3.7K | $3.2M | 0.4% | -1.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 12.7K | $3.1M | 0.4% | +1.5% |
| AMRZ AMRIZE LTD | Industrials | 50.2K | $2.8M | 0.3% | +3.1% |
| LPX LOUISIANA-PACIFIC CORP | Other | 34.9K | $2.5M | 0.3% | -0.3% |
| UNP UNION PACIFIC CORP | Industrials | 10.0K | $2.4M | 0.3% | -2.5% |
| WMT WALMART INC | Consumer discretionary | 17.7K | $2.2M | 0.3% | -0.1% |
| IMKTA INGLES MARKETS INC-CLASS A | Consumer discretionary | 22.6K | $2.0M | 0.2% | -3.1% |
| WM WASTE MANAGEMENT INC | Utilities | 8.8K | $2.0M | 0.2% | -0.6% |
| V VISA INC-CLASS A SHARES | Services media | 6.4K | $1.9M | 0.2% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 8.5K | $1.9M | 0.2% | Held |
| LH LABCORP HOLDINGS INC | Healthcare | 7.0K | $1.9M | 0.2% | Held |
| MRK MERCK & CO. INC. | Healthcare | 15.0K | $1.8M | 0.2% | Held |
| BCC BOISE CASCADE CO | Consumer discretionary | 21.6K | $1.6M | 0.2% | +1.8% |
| ITT ITT INC | Industrials | 8.6K | $1.6M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 254 | $842.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 260 | $831.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 249 | $812.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 8, 2025 | 216 | $728.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 221 | $693.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 215 | $679.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 226 | $706.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 9, 2024 | 210 | $663.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 17, 2024 | 216 | $671.6M | canonical | SEC ↗ |
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