Baker Ellis Asset Management LLC

CIK 0001365559 · Q1 2026

13F Equity AUM

$842.5M

+1.4% QoQ

Positions

254

-6 QoQ

AUM Rank

#3,140

Top 25%

Skill Alpha (FF)

-0.9%/yr^ns

No Clear Edge

Rank #3,551 · Top 43%

vs S&P -5.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 20.6%Top 10: 32.1%Top 20: 48.8%

VTI8.5%

BRK/B4.1%

LRCX2.9%

VGT2.7%

DISV2.5%

MSFT2.5%

UAO2.5%

VYM2.4%

GSIE2.2%

VOO2.0%

Others (244)67.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services53.3%

Industrials11.3%

Technology10.5%

Consumer Defensive4.9%

Energy4.4%

Healthcare3.6%

Communication Services3.1%

Real Estate2.7%

Other6.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 254Median: 0.10%Avg: 0.39%

0–0.5%

200(23.1%)

0.5–1%

25(17.4%)

1–3%

27(47.0%)

3–5%

1(4.1%)

5%+

1(8.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 253Unique: 1vs 20 funds

3.5%Low

254

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

4.7%

BANK OF AMERICA CORP /DE/

5.2%

4.9%

7.5%

5.4%

VANGUARD CAPITAL MANAGEMENT LLC

4.9%

GEODE CAPITAL MANAGEMENT, LLC

4.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

5.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New13Increased54Decreased114Exited19

New Positions

FNDA0.1%

+12K

FDP0.1%

+11K

MU0.0%

+694

WIP0.0%

+7K

TROW0.0%

+3K

ELD0.0%

+8K

DYH0.0%

+2K

NTR0.0%

+3K

INSW0.0%

+4K

RUSHA0.0%

+3K

Increased

RYN0.1%

+25K(+190%)

FLLA0.1%

+17K(+139%)

DFSV0.1%

+16K(+198%)

DISV2.5%

+15K(+3%)

ARCO0.1%

+11K(+20%)

DGS1.2%

+10K(+6%)

ON0.6%

+9K(+12%)

NWSA0.1%

+9K(+64%)

IXUS1.9%

+8K(+4%)

VTIP0.2%

+8K(+25%)

Decreased

DHC0.0%

-24,000(-53%)

NWS0.1%

-12,400(-26%)

GBIL1.2%

-7,569(-7%)

INTF0.1%

-7,500(-38%)

LMNR0.0%

-6,500(-26%)

PBR0.0%

-6,000(-33%)

GLDM0.6%

-5,450(-9%)

SONY0.0%

-5,000(-32%)

OUNZ0.2%

-4,000(-11%)

SELF0.0%

-4,000(-10%)

Exited

-3,500

-11,651

-7,561

-6,000

-8,100

-920

-139

-10,000

-962

-429

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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