1y return+26.4%S&P 500 +20.9%
3y return+55.7%S&P 500 +68.5%
5y return+57.1%S&P 500 +74.5%
10y return+166.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $266 against $357 in the S&P 500.2
Baker Ellis Asset Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VTIVanguard Index Fds | $80.7M | 8.4% | −1.8% |
| LRCXLam Research Corp | $45.9M | 4.8% | −5.9% |
| STRLSterling Infrastructure Inc | $40.8M | 4.2% | −5.5% |
| BRK/BBerkshire Hathaway Inc Del | $37.1M | 3.8% | +3.3% |
| VGTVanguard World Fd | $30.3M | 3.1% | −1.5% |
| DISVDimensional Etf Trust | $21.7M | 2.2% | |
| MSFTMicrosoft Corp | $21.4M | 2.2% | |
| VOOVanguard Index Fds | $21.2M | 2.2% | +7.7% |
| VYMVanguard Whitehall Fds | $21.0M | 2.2% | −1.4% |
| GSIEGoldman Sachs Etf Tr | $19.4M | 2.0% | |
| JPMJpmorgan Chase & Co | $17.9M | 1.9% | −1.1% |
| IXUSIshares Tr | $17.8M | 1.8% | |
| PRFInvesco Exchange Traded Fd T | $17.1M | 1.8% | |
| FBNDFidelity Merrimack Str Tr | $16.8M | 1.7% | −1.4% |
| MFUSPimco Equity Ser | $16.3M | 1.7% | +5.9% |
| AVGOBroadcom Inc | $15.2M | 1.6% | |
| JHMMJohn Hancock Exchange Traded | $14.2M | 1.5% | |
| AAPLApple Inc | $13.1M | 1.4% | +1.7% |
| COSTCostco Wholesale Corporation | $13.0M | 1.3% | |
| SCHDSchwab Strategic Tr | $12.3M | 1.3% | +1.4% |
| GOOGAlphabet Inc | $12.1M | 1.3% | |
| RTXRtx Corporation | $11.1M | 1.2% | |
| GOOGLAlphabet Inc | $10.9M | 1.1% | |
| ADIAnalog Devices Inc | $10.8M | 1.1% | |
| DGSWisdomtree Tr | $10.6M | 1.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| STRLSterling Infrastructure Inc | June 30, 2024 | +609.3% | $40.8M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $45.9M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $10.9M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $12.1M |
| GTXGarrett Motion Inc | December 31, 2021 | +351.2% | $7.4M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $17.9M |
| VGTVanguard World Fd | June 30, 2020 | +243.1% | $30.3M |
| AVGOBroadcom Inc | December 31, 2023 | +238.4% | $15.2M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $13.1M |
| COSTCostco Wholesale Corporation | June 30, 2020 | +208.5% | $13.0M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $1.9M
- TIPIshares Tr was $552K
- NKENike Inc was $534K
- Fresh Del Monte Produce IncCUSIP G36738105 was $447K
- LMNRLimoneira Co was $252K
- NTRNutrien Ltd was $226K
- GGGGraco Inc was $219K
- SHLDGlobal X Fds was $210K
- SIVRAbrdn Silver Etf Trust was $208K
- ABTAbbott Laboratories was $205K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.6% | +14.8% |
| March 31, 2026 | +1.9% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +6.8% | +7.8% |
| June 30, 2025 | +6.3% | +10.5% |
| March 31, 2025 | −0.8% | −4.6% |
| December 31, 2024 | −1.4% | +2.1% |
| September 30, 2024 | +6.1% | +5.4% |
| June 30, 2024 | −0.9% | +4.0% |
| March 31, 2024 | +7.8% | +10.0% |
| December 31, 2023 | +9.0% | +11.2% |
| September 30, 2023 | −4.1% | −3.6% |
| June 30, 2023 | +5.6% | +8.3% |
| March 31, 2023 | +4.3% | +7.0% |
| December 31, 2022 | +10.1% | +7.1% |
| September 30, 2022 | −6.2% | −5.3% |
| June 30, 2022 | −14.6% | −16.5% |
| March 31, 2022 | −3.6% | −4.9% |
| December 31, 2021 | +8.7% | +10.7% |
| September 30, 2021 | −0.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Baker Ellis Asset Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1365559&type=13F-HR&dateb=&owner=include&count=40CIK 1365559
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1365559/000194104026000444/Filed July 23, 2026 · accession 0001941040-26-000444