Chief Compliance Officer

0001365559-20-000003.txt : 20200512 0001365559-20-000003.hdr.sgml : 20200512 20200511184443 ACCESSION NUMBER: 0001365559-20-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200512 DATE AS OF CHANGE: 20200511 EFFECTIVENESS DATE: 20200512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Ellis Asset Management LLC CENTRAL INDEX KEY: 0001365559 IRS NUMBER: 752997594 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12091 FILM NUMBER: 20866505 BUSINESS ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97209 BUSINESS PHONE: 503-227-5778 MAIL ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97209 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001365559 XXXXXXXX 03-31-2020 03-31-2020 false Baker Ellis Asset Management LLC

1231 Nw Hoyt Street Suite 306 Portland OR 97209

13F HOLDINGS REPORT 028-12091 N Barnes Ellis Chief Compliance Officer 503-227-5778 Barnes Ellis Portland OR 05-11-2020 0 183 279074 INFORMATION TABLE 2 infotable.xml 3M Company COM 88579Y101 1232 9025 SH SOLE 9025 0 0 Abbott Laboratories COM 002824100 100 1270 SH SOLE 1270 0 0 AbbVie Inc. COM 00287Y109 619 8119 SH SOLE 8119 0 0 Accenture PLC SHS CLASS A G1151C101 178 1090 SH SOLE 1090 0 0 Albemarle Corp COM 012653101 330 5860 SH SOLE 5860 0 0 Alibaba Group Holding Limited SPONSORED ADS 01609W102 100 515 SH SOLE 515 0 0 AllianceBernstein Holding L.P. UNIT LTD PARTN 01881G106 158 8500 SH SOLE 8500 0 0 Allstate COM 020002101 102 1110 SH SOLE 1110 0 0 Alphabet Inc. CL A CAP STK CL A 02079K305 1345 1157 SH SOLE 1157 0 0 Alphabet Inc. CL C CAP STK CL C 02079K107 3611 3105 SH SOLE 3105 0 0 Altria Group COM 02209S103 110 2850 SH SOLE 2850 0 0 Amazon.com Inc. COM 023135106 1881 965 SH SOLE 965 0 0 American Express COM 025816109 212 2478 SH SOLE 2478 0 0 Apple Computer COM 037833100 4160 16359 SH SOLE 16359 0 0 Armada Hoffler Properties, Inc. COM 04208T108 523 48850 SH SOLE 48850 0 0 Atlas Corp SHS Y0436Q109 312 40520 SH SOLE 40520 0 0 Automatic Data Processing COM 053015103 381 2790 SH SOLE 2790 0 0 Ball Corp COM 058498106 1455 22500 SH SOLE 22500 0 0 Bank of America COM 060505104 178 8400 SH SOLE 8400 0 0 Bank of New York Mellon COM 064058100 269 7990 SH SOLE 7990 0 0 Bank of Nova Scotia COM 064149107 183 4500 SH SOLE 4500 0 0 Baxter International COM 071813109 122 1500 SH SOLE 1500 0 0 Becton Dickinson Co COM 075887109 126 550 SH SOLE 550 0 0 Berkshire Hathaway Cl A CL A 084670108 3808 14 SH SOLE 14 0 0 Berkshire Hathaway Cl B CL B NEW 084670702 11079 60598 SH SOLE 60598 0 0 Boeing COM 097023105 712 4775 SH SOLE 4775 0 0 Boise Cascade Co COM 09739D100 259 10900 SH SOLE 10900 0 0 Bristol Myers Squibb COM 110122108 489 8772 SH SOLE 8772 0 0 Brixmor Property Group Inc. COM 11120U105 321 33825 SH SOLE 33825 0 0 Canadian National Railway Co. COM 136375102 147 1900 SH SOLE 1900 0 0 ChevronTexaco COM 166764100 1328 18324 SH SOLE 18324 0 0 Cisco Systems COM 17275R102 302 7680 SH SOLE 7680 0 0 City Office Reit, Inc. COM 178587101 144 19900 SH SOLE 19900 0 0 Clarus Corp. COM 18270P109 229 23400 SH SOLE 23400 0 0 Clorox Company COM 189054109 260 1500 SH SOLE 1500 0 0 Coca-Cola Company COM 191216100 164 3700 SH SOLE 3700 0 0 Columbia Sportswear COM 198516106 108 1550 SH SOLE 1550 0 0 Comcast Corporation CL A 20030N101 3077 89498 SH SOLE 89498 0 0 Corning Inc COM 219350105 125 6100 SH SOLE 6100 0 0 Costco Wholesale COM 22160K105 2898 10163 SH SOLE 10163 0 0 Deere & Company COM 244199105 891 6446 SH SOLE 6446 0 0 Diageo PLC SPON ADR NEW 25243Q205 106 835 SH SOLE 835 0 0 Discover Financial Services COM 254709108 317 8890 SH SOLE 8890 0 0 Dominion Resources COM 25746U109 317 4395 SH SOLE 4395 0 0 Duke Energy COM NEW 26441C204 325 4013 SH SOLE 4013 0 0 Edwards Lifesciences COM 28176E108 281 1489 SH SOLE 1489 0 0 Equity Commonwealth COM SH BEN INT 294628102 159 5000 SH SOLE 5000 0 0 Equity Residential SH BEN INT 29476L107 105 1700 SH SOLE 1700 0 0 Eversource Energy COM 30040W108 961 12290 SH SOLE 12290 0 0 Expedia Inc. COM NEW 30212P303 427 7585 SH SOLE 7585 0 0 Exxon Mobil COM 30231G102 356 9366 SH SOLE 9366 0 0 Fedex Corp COM 31428X106 164 1350 SH SOLE 1350 0 0 Fiat Chrysler Automobiles N.V. SHS N31738102 707 98320 SH SOLE 98320 0 0 Flexshares Quality Dividend Index Fd. QUALT DIVD IDX 33939L860 220 6117 SH SOLE 6117 0 0 Fomento Economico Mexicano SPON ADR UNITS 344419106 2162 35729 SH SOLE 35729 0 0 General American Investors Co. COM 368802104 110 4000 SH SOLE 4000 0 0 Goldman Sachs Group Inc COM 38141G104 374 2420 SH SOLE 2420 0 0 Goldman Sachs TreasuryAccess 0-1 Year ETF ACCES TREASURY 381430529 6057 60105 SH SOLE 60105 0 0 Hanesbrands Inc. COM 410345102 446 56620 SH SOLE 56620 0 0 Highwoods Properties Inc. COM 431284108 538 15192 SH SOLE 15192 0 0 Home Depot COM 437076102 1107 5929 SH SOLE 5929 0 0 Honeywell International Inc COM 438516106 2257 16873 SH SOLE 16873 0 0 Host Hotels & Resorts, Inc. COM 44107P104 778 70475 SH SOLE 70475 0 0 Humana Inc. COM 444859102 126 400 SH SOLE 400 0 0 Ingles Markets, Inc. CL A 457030104 1746 48282 SH SOLE 48282 0 0 Intel COM 458140100 745 13757 SH SOLE 13757 0 0 Intl Paper Co. COM 460146103 167 5350 SH SOLE 5350 0 0 Invesco FTSE RAFI US 1000 ETF FTSE RAFI 1000 46137V613 7996 86503 SH SOLE 86503 0 0 Invesco QQQ Trust UNIT SER 1 46090E103 1862 9780 SH SOLE 9780 0 0 Invesco S&P 500 Equal Weight ETF S&P500 EQL WGT 46137V357 2504 29800 SH SOLE 29800 0 0 Investors Title COM 461804106 291 2275 SH SOLE 2275 0 0 Iron Mountain Inc COM 46284V101 1470 61770 SH SOLE 61770 0 0 iShares 1-3 Yr Treas Index Fd 1 3 YR TREAS BD 464287457 4672 53910 SH SOLE 53910 0 0 iShares Core MSCI Total Intl Stk ETF CORE MSCI TOTAL 46432F834 2292 48750 SH SOLE 48750 0 0 iShares Gold Trust ISHARES 464285105 362 24000 SH SOLE 24000 0 0 iShares MSCI EAFE Minimum Volatility MIN VOL EAFE ETF 46429B689 4670 75265 SH SOLE 75265 0 0 iShares Msci Eafe Small Cap Index Fd EAFE SML CP ETF 464288273 1041 23210 SH SOLE 23210 0 0 iShares Russell 1000 RUS 1000 ETF 464287622 226 1596 SH SOLE 1596 0 0 iShares Russell 1000 Value Index Fd RUS 1000 VAL ETF 464287598 165 1663 SH SOLE 1663 0 0 iShares Russell Mid-Cap Index RUS MID CAP ETF 464287499 236 5476 SH SOLE 5476 0 0 iShares Russell Midcap Value Index RUS MDCP VAL ETF 464287473 263 4107 SH SOLE 4107 0 0 iShares Short Treasury Bond SHORT TREAS BD 464288679 2643 23810 SH SOLE 23810 0 0 ITT Inc. COM 45073V108 750 16525 SH SOLE 16525 0 0 J P Morgan Chase COM 46625H100 3486 38722 SH SOLE 38722 0 0 JM Smucker COM NEW 832696405 224 2020 SH SOLE 2020 0 0 John Bean Technologies COM 477839104 1081 14556 SH SOLE 14556 0 0 John Hancock Multifactor Mid Cap ETF MULTIFACTOR MI 47804J206 1189 41841 SH SOLE 41841 0 0 Johnson & Johnson COM 478160104 4524 34502 SH SOLE 34502 0 0 JP Morgan Diversified Return Intl Eq ETF DIV RTN INT EQ 46641Q209 675 15616 SH SOLE 15616 0 0 JPMorgan Ultra-Short Municipal Inc ETF ULTRA SHT MUNCPL 46641Q654 1326 26300 SH SOLE 26300 0 0 Kroger COM 501044101 4168 138378 SH SOLE 138378 0 0 Laboratory Corp of America Holdings COM NEW 50540R409 2336 18481 SH SOLE 18481 0 0 Lam Research Corp. COM 512807108 2989 12455 SH SOLE 12455 0 0 Lattice Semiconductor COM 518415104 107 6000 SH SOLE 6000 0 0 Lockheed Martin Corp COM 539830109 464 1370 SH SOLE 1370 0 0 Louisiana Pacific COM 546347105 2982 173550 SH SOLE 173550 0 0 Luxfer Holdings PLC SHS G5698W116 102 7200 SH SOLE 7200 0 0 MartenTransport Ltd. COM 573075108 228 11125 SH SOLE 11125 0 0 Matson Navigation Co. COM 57686G105 337 10996 SH SOLE 10996 0 0 MDU Resources Group Inc. COM 552690109 224 10400 SH SOLE 10400 0 0 Merck & Co Inc COM 58933Y105 806 10470 SH SOLE 10470 0 0 Microsoft COM 594918104 9309 59028 SH SOLE 59028 0 0 Mid-America Apartment Communities Inc. COM 59522J103 1531 14855 SH SOLE 14855 0 0 Molson Coors Brewing Company CL B 60871R209 1501 38489 SH SOLE 38489 0 0 Monmouth Real Estate Investment Corp. CL A 609720107 251 20800 SH SOLE 20800 0 0 NBT Bancorp Inc COM 628778102 324 10000 SH SOLE 10000 0 0 News Corp Cl B new CL B 65249B208 142 15800 SH SOLE 15800 0 0 NextEra Energy Inc New COM 65339F101 587 2438 SH SOLE 2438 0 0 Nike, Inc. CL B 654106103 1538 18585 SH SOLE 18585 0 0 Nordstrom Inc. COM 655664100 619 40375 SH SOLE 40375 0 0 Norfolk Southern Crp COM 655844108 307 2100 SH SOLE 2100 0 0 Northrop Grumman Corp. COM 666807102 3682 12171 SH SOLE 12171 0 0 Novartis AG Adr SPONSORED ADR 66987V109 1628 19741 SH SOLE 19741 0 0 Oracle COM 68389X105 285 5904 SH SOLE 5904 0 0 Oshkosh Corp COM 688239201 266 4140 SH SOLE 4140 0 0 Park City Group Inc. COM NEW 700215304 70 18450 SH SOLE 18450 0 0 Pepsico, Inc. COM 713448108 4709 39211 SH SOLE 39211 0 0 Pfizer Inc. COM 717081103 357 10929 SH SOLE 10929 0 0 Phillips 66 COM 718546104 800 14917 SH SOLE 14917 0 0 PIMCO RAFI Dyn Multi-Factor US Eq ETF RAFI DYN ML US 72202L363 927 39080 SH SOLE 39080 0 0 Pope Resources a Delaware LP DEPOSITRY RCPT 732857107 101 1200 SH SOLE 1200 0 0 Portland Gen Elec Co COM NEW 736508847 783 16340 SH SOLE 16340 0 0 PPL Corp. COM 69351T106 839 33983 SH SOLE 33983 0 0 Procter & Gamble COM 742718109 304 2763 SH SOLE 2763 0 0 ProLogis COM 74340W103 1083 13470 SH SOLE 13470 0 0 Quest Diagnostics Inc. COM 74834L100 112 1400 SH SOLE 1400 0 0 Rayonier COM 754907103 228 9670 SH SOLE 9670 0 0 Raytheon COM NEW 755111507 1457 11111 SH SOLE 11111 0 0 S & P 500 Index Fund TR UNIT 78462F103 1568 6085 SH SOLE 6085 0 0 Schwab Fundamental US Large Company ETF SCHWAB FDT US LG 808524771 182 5800 SH SOLE 5800 0 0 Schwab US Large-Cap ETF US LRG CAP ETF 808524201 110 1800 SH SOLE 1800 0 0 Seagate Technology SHS G7945M107 102 2100 SH SOLE 2100 0 0 Skechers U.S.A., Inc. CL A 830566105 390 16425 SH SOLE 16425 0 0 Sonoco Products COM 835495102 513 11060 SH SOLE 11060 0 0 Southwest Air COM 844741108 167 4680 SH SOLE 4680 0 0 SPDR Gold MiniShares SPDR GLD MINIS 98149E204 1002 63750 SH SOLE 63750 0 0 SPDR S&P Dividend ETF S&P DIVID ETF 78464A763 117 1460 SH SOLE 1460 0 0 Sprott Physical Gold Trust UNIT 85207H104 262 20000 SH SOLE 20000 0 0 Starbucks COM 855244109 853 12968 SH SOLE 12968 0 0 Starwood Ppty Trust, Inc. COM 85571B105 551 53750 SH SOLE 53750 0 0 Streettracks Gold Shrs GOLD SHS 78463V107 1529 10327 SH SOLE 10327 0 0 Stryker Corp COM 863667101 3252 19535 SH SOLE 19535 0 0 T Rowe Price Group, Inc. COM 74144T108 211 2160 SH SOLE 2160 0 0 Target Corporation COM 87612E106 511 5500 SH SOLE 5500 0 0 Tompkins Financial Corp COM 890110109 122 1700 SH SOLE 1700 0 0 Trustco Bk Corp Ny COM 898349105 108 20000 SH SOLE 20000 0 0 UGI Corp COM 902681105 107 4000 SH SOLE 4000 0 0 Union Pacific Corporation COM 907818108 3515 24922 SH SOLE 24922 0 0 United Parcel Service, Inc. CL B 911312106 333 3560 SH SOLE 3560 0 0 United Technologies Corp. COM 913017109 783 8296 SH SOLE 8296 0 0 Unitedhealth Group COM 91324P102 334 1339 SH SOLE 1339 0 0 Urstadt Biddle Pptys COM 917286106 572 50914 SH SOLE 50914 0 0 Urstadt Biddle Pptys Inc Cl A CL A 917286205 1338 94900 SH SOLE 94900 0 0 US Bancorp COM NEW 902973304 584 16950 SH SOLE 16950 0 0 Vanguard Extended Mkt ETF EXTEND MKT ETF 922908652 2027 22386 SH SOLE 22386 0 0 Vanguard Financials ETF FINANCIALS ETF 92204A405 939 18505 SH SOLE 18505 0 0 Vanguard FTSE All World exUS ETF ALLWRLD EX US 922042775 697 17000 SH SOLE 17000 0 0 Vanguard FTSE All World ex-US Small-Cap ETF FTSE SMCAP ETF 922042718 658 8405 SH SOLE 8405 0 0 Vanguard Health Care ETF HEALTH CAR ETF 92204A504 2280 13730 SH SOLE 13730 0 0 Vanguard High Dividend Yield Index ETF HIGH DIV YLD 921946406 15245 215481 SH SOLE 215481 0 0 Vanguard Information Technology ETF INF TECH ETF 92204A702 9407 44393 SH SOLE 44393 0 0 Vanguard Mega Cap ETF MEGA CAP INDEX 921910873 2315 25460 SH SOLE 25460 0 0 Vanguard Mid-Cap Value ETF MCAP VL IDXVIP 922908512 244 3005 SH SOLE 3005 0 0 Vanguard REIT ETF REAL ESTATE ETF 922908553 1638 23455 SH SOLE 23455 0 0 Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363 7192 30369 SH SOLE 30369 0 0 Vanguard Short Term Bond ETF SHORT TRM BOND 921937827 904 11000 SH SOLE 11000 0 0 Vanguard Short-Term Treasury ETF SHORT TERM TREAS 92206C102 249 4001 SH SOLE 4001 0 0 Vanguard Small Cap Value ETF SM CP VAL ETF 922908611 1758 19800 SH SOLE 19800 0 0 Vanguard Total Stock Mkt ETF TOTAL STK MKT 922908769 32031 248479 SH SOLE 248479 0 0 Vanguard Total World Stk Index ETF TT WRLD ST ETF 922042742 3044 48475 SH SOLE 48475 0 0 Vanguard Utilities ETF UTILITIES ETF 92204A876 1079 8853 SH SOLE 8853 0 0 Vanguard Value ETF VALUE ETF 922908744 116 1302 SH SOLE 1302 0 0 Verizon Communications COM 92343V104 3596 66936 SH SOLE 66936 0 0 Visa Inc COM CL A 92826C839 870 5398 SH SOLE 5398 0 0 VMware Inc Cl A CL A COM 928563402 1061 8760 SH SOLE 8760 0 0 Wal-Mart Stores COM 931142103 618 5439 SH SOLE 5439 0 0 Walt Disney Co. COM DISNEY 254687106 2933 30361 SH SOLE 30361 0 0 Waste Management COM 94106L109 748 8086 SH SOLE 8086 0 0 Westport Fuel Systems Inc. COM NEW 960908309 9 10000 SH SOLE 10000 0 0 Weyerhaeuser COM 962166104 2269 133835 SH SOLE 133835 0 0 WisdomTree DEFA ETF INTL EQUITY FD 97717W703 1439 36447 SH SOLE 36447 0 0 WisdomTree Emerging Mkts Smallcap Div EMG MKTS SMCAP 97717W281 4882 147795 SH SOLE 147795 0 0 Woodward Inc. COM 980745103 2193 36900 SH SOLE 36900 0 0