Baker Ellis Asset Management 13FHR Quarterly holdings report by institutional manager | SEC 17 Apr 24

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABBVIE INC	COM	00287Y109	1,230,086	6,755	SH		SOLE		6,555	0	200
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	263,424	760	SH		SOLE		760	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	266,042	1,474	SH		SOLE		1,474	0	0
AGCO CORP	COM	001084102	4,502,286	36,598	SH		SOLE		36,338	0	260
AGNICO EAGLE MINES LTD	COM	008474108	396,613	6,649	SH		SOLE		6,649	0	0
ALBEMARLE CORP	COM	012653101	299,051	2,270	SH		SOLE		2,260	0	10
ALLETE INC	COM NEW	018522300	396,606	6,650	SH		SOLE		6,550	0	100
ALPHABET INC	CAP STK CL C	02079K107	5,406,299	35,507	SH		SOLE		35,197	0	310
ALPHABET INC	CAP STK CL A	02079K305	3,223,110	21,355	SH		SOLE		20,655	0	700
AMAZON COM INC	COM	023135106	2,946,507	16,335	SH		SOLE		15,720	0	615
AMERICAN CENTY ETF TR	INTL SMCP VLU	025072802	263,440	4,000	SH		SOLE		3,700	0	300
ANALOG DEVICES INC	COM	032654105	4,970,265	25,129	SH		SOLE		25,044	0	85
ANDERSONS INC	COM	034164103	258,165	4,500	SH		SOLE		4,500	0	0
APPLE INC	COM	037833100	7,497,361	43,721	SH		SOLE		42,385	0	1,337
ARCHER DANIELS MIDLAND CO	COM	039483102	3,598,793	57,297	SH		SOLE		56,897	0	400
ARCOS DORADOS HOLDINGS INC	SHS CLASS -A -	G0457F107	122,320	11,000	SH		SOLE		11,000	0	0
ARDMORE SHIPPING CORP	COM	Y0207T100	164,200	10,000	SH		SOLE		10,000	0	0
ARMADA HOFFLER PPTYS INC	COM	04208T108	138,944	13,360	SH		SOLE		13,360	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	696,775	2,790	SH		SOLE		2,790	0	0
AUTONATION INC	COM	05329W102	264,928	1,600	SH		SOLE		1,600	0	0
BALL CORP	COM	058498106	940,481	13,962	SH		SOLE		13,962	0	0
BANK AMERICA CORP	COM	060505104	421,102	11,105	SH		SOLE		8,605	0	2,500
BANK NEW YORK MELLON CORP	COM	064058100	299,048	5,190	SH		SOLE		5,190	0	0
BAXTER INTL INC	COM	071813109	4,415,469	103,310	SH		SOLE		102,490	0	820
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	27,812,493	66,138	SH		SOLE		65,169	0	969
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	8,247,720	13	SH		SOLE		13	0	0
BLACK STONE MINERALS L P	COM UNIT	09225M101	191,760	12,000	SH		SOLE		12,000	0	0
BOISE CASCADE CO DEL	COM	09739D100	2,519,869	16,430	SH		SOLE		16,400	0	30
BP PLC	SPONSORED ADR	055622104	4,987,949	132,377	SH		SOLE		131,277	0	1,100
BRISTOL-MYERS SQUIBB CO	COM	110122108	332,430	6,130	SH		SOLE		5,730	0	400
BROADCOM INC	COM	11135F101	5,569,373	4,202	SH		SOLE		4,190	0	12
CANADIAN NATL RY CO	COM	136375102	210,736	1,600	SH		SOLE		1,600	0	0
CARRIER GLOBAL CORPORATION	COM	14448C104	5,716,388	98,338	SH		SOLE		97,838	0	500
CATERPILLAR INC	COM	149123101	522,896	1,427	SH		SOLE		1,012	0	415
CENCORA INC	COM	03073E105	481,120	1,980	SH		SOLE		1,980	0	0
CENOVUS ENERGY INC	COM	15135U109	1,415,292	70,800	SH		SOLE		70,800	0	0
CHEVRON CORP NEW	COM	166764100	1,354,040	8,584	SH		SOLE		8,554	0	30
CISCO SYS INC	COM	17275R102	252,046	5,050	SH		SOLE		5,050	0	0
CLOROX CO DEL	COM	189054109	214,354	1,400	SH		SOLE		1,300	0	100
COCA COLA CO	COM	191216100	208,012	3,400	SH		SOLE		2,800	0	600
COCA-COLA EUROPACIFIC PARTNE	SHS	G25839104	209,850	3,000	SH		SOLE		3,000	0	0
COMCAST CORP NEW	CL A	20030N101	1,468,177	33,868	SH		SOLE		33,418	0	450
CONOCOPHILLIPS	COM	20825C104	556,214	4,370	SH		SOLE		4,370	0	0
COSTCO WHSL CORP NEW	COM	22160K105	10,338,144	14,111	SH		SOLE		13,907	0	204
CRH PLC	ORD	G25508105	552,064	6,400	SH		SOLE		6,400	0	0
DEERE & CO	COM	244199105	936,487	2,280	SH		SOLE		2,280	0	0
DIMENSIONAL ETF TRUST	INTL SMALL CAP V	25434V781	8,874,082	326,373	SH		SOLE		321,842	0	4,531
DISCOVER FINL SVCS	COM	254709108	4,309,190	32,872	SH		SOLE		32,422	0	450
DISNEY WALT CO	COM	254687106	3,184,298	26,024	SH		SOLE		26,024	0	0
DONNELLEY FINL SOLUTIONS INC	COM	25787G100	217,035	3,500	SH		SOLE		3,500	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	334,460	3,500	SH		SOLE		3,500	0	0
ELI LILLY & CO	COM	532457108	338,413	435	SH		SOLE		35	0	400
ENCORE WIRE CORP	COM	292562105	12,769,505	48,594	SH		SOLE		48,074	0	520
ENTERGY CORP NEW	COM	29364G103	631,966	5,980	SH		SOLE		5,930	0	50
EQUITY COMWLTH	COM SH BEN INT	294628102	580,560	30,750	SH		SOLE		30,450	0	300
EVERSOURCE ENERGY	COM	30040W108	663,268	11,097	SH		SOLE		11,097	0	0
EXPONENT INC	COM	30214U102	957,550	11,580	SH		SOLE		11,580	0	0
EXXON MOBIL CORP	COM	30231G102	1,650,608	14,200	SH		SOLE		13,850	0	350
FEDEX CORP	COM	31428X106	512,550	1,769	SH		SOLE		1,569	0	200
FIDELITY MERRIMACK STR TR	TOTAL BD ETF	316188309	11,731,529	258,917	SH		SOLE		253,022	0	5,895
FISERV INC	COM	337738108	6,945,729	43,460	SH		SOLE		43,460	0	0
FMC CORP	COM NEW	302491303	1,535,616	24,107	SH		SOLE		23,977	0	130
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	5,641,428	43,306	SH		SOLE		43,306	0	0
FORTREA HLDGS INC	COMMON STOCK	34965K107	434,435	10,823	SH		SOLE		10,763	0	60
FORTUNE BRANDS INNOVATIONS I	COM	34964C106	4,982,830	58,850	SH		SOLE		58,320	0	530
GARRETT MOTION INC	COM	366505105	2,309,777	232,372	SH		SOLE		232,072	0	300
GLOBAL SELF STORAGE INC	COM	37955N106	89,000	20,000	SH		SOLE		20,000	0	0
GOLDMAN SACHS ETF TR	ACCES TREASURY	381430529	11,550,494	114,486	SH		SOLE		113,411	0	1,075
GOLDMAN SACHS ETF TR	ACTIVEBETA INT	381430107	10,920,707	318,481	SH		SOLE		313,227	0	5,254
GOLDMAN SACHS GROUP INC	COM	38141G104	2,260,956	5,413	SH		SOLE		5,383	0	30
GRAPHIC PACKAGING HLDG CO	COM	388689101	4,706,413	161,289	SH		SOLE		160,289	0	1,000
GXO LOGISTICS INCORPORATED	COMMON STOCK	36262G101	703,181	13,080	SH		SOLE		13,080	0	0
HENRY SCHEIN INC	COM	806407102	4,039,112	53,484	SH		SOLE		52,894	0	590
HOME DEPOT INC	COM	437076102	1,646,411	4,292	SH		SOLE		4,092	0	200
HONDA MOTOR LTD	ADR ECH CNV IN 3	438128308	981,011	26,350	SH		SOLE		26,350	0	0
HONEYWELL INTL INC	COM	438516106	4,025,774	19,614	SH		SOLE		19,064	0	550
HOST HOTELS & RESORTS INC	COM	44107P104	1,089,464	52,682	SH		SOLE		52,382	0	300
INGLES MKTS INC	CL A	457030104	4,252,674	55,460	SH		SOLE		55,010	0	450
INTEL CORP	COM	458140100	206,671	4,679	SH		SOLE		4,079	0	600
INTERNATIONAL SEAWAYS INC	COM	Y41053102	212,800	4,000	SH		SOLE		4,000	0	0
INVESCO CURRENCYSHARES SWISS	SWISS FRANC	46138R108	266,396	2,700	SH		SOLE		2,700	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	3,207,698	18,939	SH		SOLE		18,939	0	0
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	12,613,047	327,867	SH		SOLE		321,492	0	6,375
INVESCO QQQ TR	UNIT SER 1	46090E103	2,852,764	6,425	SH		SOLE		6,225	0	200
INVESTORS TITLE CO NC	COM	461804106	518,128	3,175	SH		SOLE		3,175	0	0
ISHARES GOLD TR	ISHARES NEW	464285204	273,065	6,500	SH		SOLE		6,500	0	0
ISHARES TR	RUS MDCP VAL ETF	464287473	438,655	3,500	SH		SOLE		3,500	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	266,293	1,487	SH		SOLE		1,487	0	0
ISHARES TR	MSCI EAFE MIN VL	46429B689	1,098,641	15,500	SH		SOLE		15,350	0	150
ISHARES TR	GLOBAL ENERG ETF	464287341	1,814,638	42,250	SH		SOLE		42,250	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	623,668	7,626	SH		SOLE		7,300	0	326
ISHARES TR	CORE MSCI TOTAL	46432F834	8,217,167	121,090	SH		SOLE		115,009	0	6,081
ISHARES TR	CORE S&P SCP ETF	464287804	565,310	5,115	SH		SOLE		5,115	0	0
ISHARES TR	RUS 1000 ETF	464287622	331,235	1,150	SH		SOLE		1,150	0	0
ISHARES TR	0-3 MNTH TREASRY	46436E718	8,681,202	86,200	SH		SOLE		84,700	0	1,500
ISHARES TR	RUS MID CAP ETF	464287499	1,351,831	16,076	SH		SOLE		16,076	0	0
ISHARES TR	CORE 1 5 YR USD	46432F859	4,252,996	89,650	SH		SOLE		87,650	0	2,000
ISHARES TR	INTL EQTY FACTOR	46434V274	948,912	31,800	SH		SOLE		31,800	0	0
ISHARES TR	SHORT TREAS BD	464288679	1,072,238	9,700	SH		SOLE		9,700	0	0
ISHARES TR	IBONDS 24 TRM TS	46436E874	9,786,744	408,803	SH		SOLE		403,708	0	5,095
ITT INC	COM	45073V108	1,278,682	9,400	SH		SOLE		9,400	0	0
J P MORGAN EXCHANGE TRADED F	ULTRA SHRT INC	46641Q837	621,140	12,312	SH		SOLE		12,012	0	300
JEFFERIES FINL GROUP INC	COM	47233W109	264,600	6,000	SH		SOLE		6,000	0	0
JOHN BEAN TECHNOLOGIES CORP	COM	477839104	384,422	3,665	SH		SOLE		3,665	0	0
JOHN HANCOCK EXCHANGE TRADED	MULTIFACTOR MI	47804J206	12,618,897	219,918	SH		SOLE		212,391	0	7,527
JOHNSON & JOHNSON	COM	478160104	1,246,063	7,877	SH		SOLE		7,377	0	500
JPMORGAN CHASE & CO	COM	46625H100	10,600,278	52,922	SH		SOLE		51,470	0	1,452
KIMCO RLTY CORP	COM	49446R109	2,545,418	129,802	SH		SOLE		126,602	0	3,200
KLA CORP	COM NEW	482480100	363,256	520	SH		SOLE		520	0	0
KROGER CO	COM	501044101	4,296,459	75,205	SH		SOLE		72,805	0	2,400
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	1,932,499	8,846	SH		SOLE		8,546	0	300
LAM RESEARCH CORP	COM	512807108	13,111,341	13,495	SH		SOLE		13,355	0	140
LCNB CORP	COM	50181P100	175,340	11,000	SH		SOLE		10,600	0	400
LIMONEIRA CO	COM	532746104	584,844	29,900	SH		SOLE		29,500	0	400
LINDE PLC	SHS	G54950103	246,090	530	SH		SOLE		530	0	0
LISTED FD TR	HORIZON KINETICS	53656F623	848,839	26,070	SH		SOLE		26,070	0	0
LOCKHEED MARTIN CORP	COM	539830109	206,966	455	SH		SOLE		455	0	0
LOUISIANA PAC CORP	COM	546347105	3,180,004	37,898	SH		SOLE		37,298	0	600
MARRIOTT INTL INC NEW	CL A	571903202	353,234	1,400	SH		SOLE		1,400	0	0
MARSH & MCLENNAN COS INC	COM	571748102	290,844	1,412	SH		SOLE		1,412	0	0
MARTEN TRANS LTD	COM	573075108	263,562	14,262	SH		SOLE		14,262	0	0
MASONITE INTL CORP	COM	575385109	671,710	5,110	SH		SOLE		5,110	0	0
MATSON INC	COM	57686G105	878,181	7,813	SH		SOLE		7,813	0	0
MERCK & CO INC	COM	58933Y105	1,452,110	11,005	SH		SOLE		10,690	0	315
META PLATFORMS INC	CL A	30303M102	201,516	415	SH		SOLE		415	0	0
MICROSOFT CORP	COM	594918104	22,546,613	53,591	SH		SOLE		52,455	0	1,135
MID-AMER APT CMNTYS INC	COM	59522J103	4,828,986	36,700	SH		SOLE		36,360	0	340
MOLSON COORS BEVERAGE CO	CL B	60871R209	8,566,103	127,377	SH		SOLE		125,852	0	1,525
NEWS CORP NEW	CL B	65249B208	680,559	25,150	SH		SOLE		24,850	0	300
NEWS CORP NEW	CL A	65249B109	450,296	17,200	SH		SOLE		17,200	0	0
NEXTERA ENERGY INC	COM	65339F101	773,631	12,105	SH		SOLE		12,105	0	0
NIKE INC	CL B	654106103	1,220,706	12,989	SH		SOLE		12,989	0	0
NORFOLK SOUTHN CORP	COM	655844108	331,331	1,300	SH		SOLE		1,300	0	0
NORTHROP GRUMMAN CORP	COM	666807102	4,965,143	10,373	SH		SOLE		10,373	0	0
NOVARTIS AG	SPONSORED ADR	66987V109	1,177,108	12,169	SH		SOLE		12,169	0	0
O-I GLASS INC	COM	67098H104	199,080	12,000	SH		SOLE		12,000	0	0
ON SEMICONDUCTOR CORP	COM	682189105	5,082,379	69,101	SH		SOLE		68,216	0	885
ORACLE CORP	COM	68389X105	666,235	5,304	SH		SOLE		4,904	0	400
OSHKOSH CORP	COM	688239201	3,400,717	27,269	SH		SOLE		26,969	0	300
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	291,582	1,800	SH		SOLE		1,800	0	0
PEPSICO INC	COM	713448108	6,367,390	36,383	SH		SOLE		34,843	0	1,540
PHILLIPS 66	COM	718546104	1,334,979	8,173	SH		SOLE		8,173	0	0
PIMCO EQUITY SER	RAFI DYN ML US	72202L363	10,336,757	219,104	SH		SOLE		209,934	0	9,170
PINNACLE WEST CAP CORP	COM	723484101	3,680,378	49,249	SH		SOLE		48,999	0	250
PINTEREST INC	CL A	72352L106	208,020	6,000	SH		SOLE		6,000	0	0
PIONEER NAT RES CO	COM	723787107	5,853,488	22,299	SH		SOLE		22,239	0	60
POTLATCHDELTIC CORPORATION	COM	737630103	429,349	9,131	SH		SOLE		9,131	0	0
PREFORMED LINE PRODS CO	COM	740444104	684,524	5,320	SH		SOLE		5,320	0	0
PRICE T ROWE GROUP INC	COM	74144T108	207,264	1,700	SH		SOLE		1,700	0	0
PROCTER AND GAMBLE CO	COM	742718109	588,481	3,627	SH		SOLE		3,097	0	530
PROLOGIS INC.	COM	74340W103	1,334,755	10,250	SH		SOLE		10,250	0	0
RAYONIER INC	COM	754907103	584,193	17,575	SH		SOLE		17,575	0	0
REGENCY CTRS CORP	COM	758849103	1,854,055	30,615	SH		SOLE		30,615	0	0
RTX CORPORATION	COM	75513E101	5,561,942	57,028	SH		SOLE		56,228	0	800
RUSH ENTERPRISES INC	CL B	781846308	282,437	5,300	SH		SOLE		5,300	0	0
SANOFI	SPONSORED ADR	80105N105	4,544,197	93,502	SH		SOLE		92,252	0	1,250
SCHWAB STRATEGIC TR	SCHWB FDT INT SC	808524748	374,209	10,550	SH		SOLE		10,550	0	0
SCHWAB STRATEGIC TR	SCHWAB FDT US LG	808524771	3,656,716	54,262	SH		SOLE		53,662	0	600
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	11,198,781	138,891	SH		SOLE		137,558	0	1,333
SEABOARD CORP DEL	COM	811543107	461,021	143	SH		SOLE		143	0	0
SHELL PLC	SPON ADS	780259305	1,086,048	16,200	SH		SOLE		16,200	0	0
SIRIUSPOINT LTD	COM	G8192H106	190,650	15,000	SH		SOLE		15,000	0	0
SKECHERS U S A INC	CL A	830566105	5,123,480	83,635	SH		SOLE		82,435	0	1,200
SMUCKER J M CO	COM NEW	832696405	920,110	7,310	SH		SOLE		6,610	0	700
SONOCO PRODS CO	COM	835495102	656,802	11,356	SH		SOLE		11,356	0	0
SPDR GOLD TR	GOLD SHS	78463V107	1,749,854	8,506	SH		SOLE		8,506	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,484,169	6,661	SH		SOLE		6,636	0	25
SPDR SER TR	AEROSPACE DEF	78464A631	309,122	2,200	SH		SOLE		2,200	0	0
SPROTT PHYSICAL GOLD TR	UNIT	85207H104	510,350	29,500	SH		SOLE		29,500	0	0
STARBUCKS CORP	COM	855244109	535,454	5,859	SH		SOLE		5,859	0	0
STARWOOD PPTY TR INC	COM	85571B105	660,928	32,510	SH		SOLE		32,510	0	0
STELLANTIS N.V	SHS	N82405106	2,383,880	84,236	SH		SOLE		84,236	0	0
STRYKER CORPORATION	COM	863667101	8,032,018	22,444	SH		SOLE		22,044	0	400
SUNCOR ENERGY INC NEW	COM	867224107	239,915	6,500	SH		SOLE		6,500	0	0
TARGET CORP	COM	87612E106	2,109,508	11,904	SH		SOLE		11,804	0	100
TENET HEALTHCARE CORP	COM NEW	88033G407	315,330	3,000	SH		SOLE		3,000	0	0
TETRA TECHNOLOGIES INC DEL	COM	88162F105	79,740	18,000	SH		SOLE		18,000	0	0
TIMKEN CO	COM	887389104	4,238,606	48,480	SH		SOLE		48,060	0	420
TMC THE METALS COMPANY INC	COM	87261Y106	14,300	10,000	SH		SOLE		10,000	0	0
TOTALENERGIES SE	SPONSORED ADS	89151E109	973,945	14,150	SH		SOLE		14,150	0	0
TRICON RESIDENTIAL INC	COM NPV	89612W102	122,650	11,000	SH		SOLE		11,000	0	0
U HAUL HOLDING COMPANY	COM SER N	023586506	367,407	5,510	SH		SOLE		5,510	0	0
UBS GROUP AG	SHS	H42097107	1,324,032	43,100	SH		SOLE		43,000	0	100
UNION PAC CORP	COM	907818108	2,944,127	11,971	SH		SOLE		11,671	0	300
UNITEDHEALTH GROUP INC	COM	91324P102	338,375	684	SH		SOLE		684	0	0
VALERO ENERGY CORP	COM	91913Y100	372,104	2,180	SH		SOLE		2,180	0	0
VANECK ETF TRUST	OIL SERVICES ETF	92189H607	551,581	1,640	SH		SOLE		1,640	0	0
VANECK ETF TRUST	FALLEN ANGEL HG	92189F437	1,224,267	42,187	SH		SOLE		40,887	0	1,300
VANECK MERK GOLD TR	GOLD TRUST	921078101	902,160	42,000	SH		SOLE		42,000	0	0
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	384,883	5,020	SH		SOLE		5,020	0	0
VANGUARD INDEX FDS	VALUE ETF	922908744	674,240	4,140	SH		SOLE		4,140	0	0
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	3,404,444	19,424	SH		SOLE		19,424	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	64,474,469	248,074	SH		SOLE		244,328	0	3,746
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	1,385,564	7,221	SH		SOLE		7,221	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	13,830,610	28,772	SH		SOLE		28,472	0	300
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	1,172,443	7,520	SH		SOLE		7,450	0	70
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	392,931	9,407	SH		SOLE		9,207	0	200
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	326,917	2,798	SH		SOLE		2,798	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	2,008,528	34,246	SH		SOLE		34,246	0	0
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	4,198,891	37,999	SH		SOLE		37,999	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	585,710	7,275	SH		SOLE		6,775	0	500
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	18,686,688	154,448	SH		SOLE		151,098	0	3,350
VANGUARD WORLD FD	INF TECH ETF	92204A702	18,534,017	35,347	SH		SOLE		35,197	0	150
VANGUARD WORLD FD	FINANCIALS ETF	92204A405	799,666	7,810	SH		SOLE		7,810	0	0
VANGUARD WORLD FD	HEALTH CAR ETF	92204A504	3,510,538	12,977	SH		SOLE		12,977	0	0
VANGUARD WORLD FD	UTILITIES ETF	92204A876	1,083,608	7,600	SH		SOLE		7,600	0	0
VANGUARD WORLD FD	ENERGY ETF	92204A306	1,949,160	14,800	SH		SOLE		14,600	0	200
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	5,817,263	31,130	SH		SOLE		30,830	0	300
VERIZON COMMUNICATIONS INC	COM	92343V104	2,987,564	71,200	SH		SOLE		70,000	0	1,200
VERTEX PHARMACEUTICALS INC	COM	92532F100	254,986	610	SH		SOLE		610	0	0
VISA INC	COM CL A	92826C839	1,421,913	5,095	SH		SOLE		5,080	0	15
WALMART INC	COM	931142103	961,035	15,972	SH		SOLE		14,472	0	1,500
WASTE MGMT INC DEL	COM	94106L109	1,428,744	6,703	SH		SOLE		6,703	0	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	6,101,361	169,907	SH		SOLE		166,907	0	3,000
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	6,102,973	119,996	SH		SOLE		118,999	0	997
WORLD GOLD TR	SPDR GLD MINIS	98149E303	2,424,953	55,050	SH		SOLE		54,800	0	250

Baker Ellis Asset Management 13F-HRQuarterly holdings report by institutional manager