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Institutional Investment Manager
Baker Ellis Asset Management LLC
Baker Ellis Asset Management LLC (CIK: 0001365559) incorporated in Oregon, located at 805 Broadway St., Vancouver, WA. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q2)
Portfolio Summary: 231 holdings with a total value of $318,664,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 VANGUARD WORLD FD 15,627 1,789,000 0.56%
52 ISHARES TR 27,667 1,748,000 0.55%
53 URSTADT BIDDLE PPTYS INC CL A 70,064 1,736,000 0.54%
54 MERCK & CO INC 29,794 1,716,000 0.54%
55 VECTREN CORP 32,273 1,700,000 0.53%
56 RYDER SYS INC 27,680 1,692,000 0.53%
57 ABBVIE INC 26,212 1,623,000 0.51%
58 SPDR GOLD TR 12,823 1,622,000 0.51%
59 WAL-MART STORES INC 22,073 1,612,000 0.51%
60 COMCAST CORP NEW 24,381 1,589,000 0.50%
61 ABBOTT LABS 39,729 1,562,000 0.49%
62 VANGUARD WORLD FD 11,850 1,546,000 0.49%
63 UGI CORP NEW 33,992 1,538,000 0.48%
64 APPLE INC 15,975 1,527,000 0.48%
65 RAYONIER INC 57,492 1,509,000 0.47%
66 VANGUARD WORLD FDS 31,758 1,504,000 0.47%
67 GENUINE PARTS CO 14,450 1,463,000 0.46%
68 CHEVRON CORP NEW 13,483 1,413,000 0.44%
69 SPDR S&P 500 ETF TR 6,692 1,402,000 0.44%
70 ALPHABET INC 1,972 1,387,000 0.44%
71 NORTHWEST NAT GAS CO 20,840 1,351,000 0.42%
72 SYNGENTA AG 17,226 1,323,000 0.42%
73 PFIZER INC 36,496 1,285,000 0.40%
74 ALPHABET INC 1,830 1,267,000 0.40%
75 PROCTER AND GAMBLE CO 14,304 1,211,000 0.38%
76 BRIXMOR PROPERTY 45,075 1,193,000 0.37%
77 Urstadt Biddle PPTYS 54,462 1,192,000 0.37%
78 PPL CORP 31,017 1,171,000 0.37%
79 COCA COLA CO 25,379 1,150,000 0.36%
80 WELLS FARGO & CO NEW 23,760 1,125,000 0.35%
81 EVERSOURCE ENERGY 18,661 1,118,000 0.35%
82 RAYTHEON CO 8,120 1,104,000 0.35%
83 UNILEVER PLC 21,813 1,045,000 0.33%
84 COSTCO WHSL CORP NEW 6,655 1,045,000 0.33%
85 ITT INC 32,678 1,045,000 0.33%
86 WHIRLPOOL CORP 6,050 1,008,000 0.32%
87 STARBUCKS CORP 17,637 1,007,000 0.32%
88 JPMORGAN CHASE & CO 15,940 991,000 0.31%
89 PORTLAND GEN ELEC CO 21,640 955,000 0.30%
90 WABASH NATL CORP 74,380 945,000 0.30%
91 AMERICAN EXPRESS CO 14,395 875,000 0.27%
92 WASTE MGMT INC DEL 13,016 863,000 0.27%
93 LABORATORY CORP AMER HLDGS 6,530 851,000 0.27%
94 HOME DEPOT INC 6,486 828,000 0.26%
95 CLOROX CO DEL 5,851 810,000 0.25%
96 VANGUARD SCOTTSDALE FDS 9,045 809,000 0.25%
97 HIGHWOODS PPTYS INC 15,300 808,000 0.25%
98 MATSON INC COM 24,036 776,000 0.24%
99 AMAZON COM INC 1,082 774,000 0.24%
100 FEDEX CORP 4,850 736,000 0.23%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-16-073649, filed 2016.07.28).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.