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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 (2016Q4)
Portfolio Summary: 239 holdings with a total value of $340,847,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 NIKE INC 35,094 1,784,000 0.52%
52 MERCK & CO INC 30,101 1,772,000 0.52%
53 INGLES MKTS INC CL A 36,501 1,756,000 0.52%
54 EXXON MOBIL CORP 19,353 1,747,000 0.51%
55 COMCAST CORP NEW 25,250 1,744,000 0.51%
56 ALPHABET INC 2,256 1,741,000 0.51%
57 WABASH NATL CORP 107,695 1,704,000 0.50%
58 URSTADT BIDDLE PPTYS INC CL A 69,264 1,670,000 0.49%
59 CHEVRON CORP NEW 13,749 1,618,000 0.47%
60 VANGUARD WORLD FD 14,999 1,605,000 0.47%
61 ISHARES TR 27,317 1,604,000 0.47%
62 REPUBLIC SVCS INC 27,906 1,592,000 0.47%
63 ALPHABET INC 1,994 1,580,000 0.46%
64 ABBVIE INC 25,112 1,573,000 0.46%
65 RAYONIER INC 58,960 1,568,000 0.46%
66 WAL-MART STORES INC 22,103 1,528,000 0.45%
67 SPDR S&P 500 ETF TR 6,692 1,496,000 0.44%
68 ABBOTT LABS 38,954 1,496,000 0.44%
69 VANGUARD WORLD FD 11,650 1,477,000 0.43%
70 JPMORGAN CHASE & CO 16,877 1,456,000 0.43%
71 UGI CORP NEW 31,357 1,445,000 0.42%
72 SPDR GOLD TR 12,923 1,416,000 0.42%
73 WELLS FARGO & CO NEW 24,128 1,330,000 0.39%
74 HOST HOTELS & RESORTS INC 68,890 1,298,000 0.38%
75 GENUINE PARTS CO 13,280 1,269,000 0.37%
76 PROCTER AND GAMBLE CO 14,692 1,235,000 0.36%
77 WHIRLPOOL CORP 6,570 1,194,000 0.35%
78 PFIZER INC 36,325 1,180,000 0.35%
79 RAYTHEON CO 8,270 1,174,000 0.34%
80 BRIXMOR PROPERTY 46,675 1,140,000 0.33%
81 AMERICAN EXPRESS CO 15,169 1,124,000 0.33%
82 PPL CORP 32,667 1,112,000 0.33%
83 COSTCO WHSL CORP NEW 6,794 1,088,000 0.32%
84 ISHARES TR 23,890 1,086,000 0.32%
85 VECTREN CORP 20,833 1,086,000 0.32%
86 NORTHWEST NAT GAS CO 17,957 1,074,000 0.32%
87 UNILEVER PLC 25,646 1,044,000 0.31%
88 RYDER SYS INC 13,855 1,031,000 0.30%
89 COCA COLA CO 24,628 1,021,000 0.30%
90 Urstadt Biddle PPTYS 53,362 1,019,000 0.30%
91 3M CO 5,568 994,000 0.29%
92 MARATHON PETE CORP 19,573 986,000 0.29%
93 ITT INC 25,224 973,000 0.29%
94 INTEL CORP 26,532 962,000 0.28%
95 STARBUCKS CORP 17,158 953,000 0.28%
96 FIAT CHRYSLER AUTOMOBILES N 102,750 937,000 0.27%
97 PORTLAND GEN ELEC CO 21,440 929,000 0.27%
98 WASTE MGMT INC DEL 13,016 923,000 0.27%
99 SEABOARD CORP COM 230 909,000 0.27%
100 FEDEX CORP 4,850 903,000 0.26%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-17-003057, filed 2017.01.27).

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.