-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F5eY2yErqHB43IXPdnMWU89BVXyXTy8QWpezQWQFJ+tyKoHE0pk7Fz6R/KJnia0b d8xdt6HlXT2JkpZhEBHc1g== 0001140361-10-041835.txt : 20101021 0001140361-10-041835.hdr.sgml : 20101021 20101021134518 ACCESSION NUMBER: 0001140361-10-041835 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100930 FILED AS OF DATE: 20101021 DATE AS OF CHANGE: 20101021 EFFECTIVENESS DATE: 20101021 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: 101134767 BUSINESS ADDRESS: STREET 1: 1211 SW FIFTH AVE. STREET 2: SUITE 2910 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 503-227-5778 MAIL ADDRESS: STREET 1: 1211 SW FIFTH AVE. STREET 2: SUITE 2910 CITY: PORTLAND STATE: OR ZIP: 97204 13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9/30/2010 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Baker Ellis Asset Management Address: 1211 Southwest Fifth Avenue, Suite 2910 Portland, OR 97204 Form 13F File Number: 28-12091 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Persons Signing this Report on Behalf of Reporting Manager: Name: Barnes Ellis Title: Chief Compliance Officer Phone: 503-227-5778 Signature, Place, and Date of Signing: /s/ Barnes Ellis Portland, OR 10/19/2010 - --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 180 Form 13F Information Table Value Total: $141,657,511.00 -------------- List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ------------------------------ -------------- --------- --------- ----------------- ---------- -------- ------------------ SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE - ------------------------------ -------------- --------- --------- -------- --- ---- ---------- -------- ------ ------ ---- 3m Company Common Stock 88579Y101 355,511 4100 SOLE NONE 4100 0 0 Abbott Laboratories Common Stock 002824100 3,896,556 74590 SOLE NONE 74590 0 0 Aberdeen Asia Income Fd Common Stock 003009107 670,691 96364 SOLE NONE 96364 0 0 Accenture Common Stock G1151C101 125,346 2950 SOLE NONE 2950 0 0 Aetna Inc Common Stock 00817Y108 202,304 6400 SOLE NONE 6400 0 0 Albany Intl Corp Common Stock 012348108 580,276 30670 SOLE NONE 30670 0 0 Albemarle Corp Common Stock 012653101 224,688 4800 SOLE NONE 4800 0 0 Alexander & Baldwin Inc Common Stock 014482103 1,205,515 34601 SOLE NONE 34601 0 0 Allstate Common Stock 020002101 215,613 6834 SOLE NONE 6834 0 0 Altria Group Common Stock 718154107 372,310 15500 SOLE NONE 15500 0 0 Amerco 8.50% Ser A Cum Pfd Common Stock 023586209 171,453 6700 SOLE NONE 6700 0 0 America Movil SA de C.V. Common Stock 02364W105 170,656 3200 SOLE NONE 3200 0 0 American Safety Insurance Common Stock G02995101 281,865 17250 SOLE NONE 17250 0 0 Amerisourcebergen Corp Common Stock 03073E105 1,467,150 47852 SOLE NONE 47852 0 0 Annaly Capital Management Common Stock 035710409 255,200 14500 SOLE NONE 14500 0 0 AptarGroup Inc Common Stock 038336103 296,855 6500 SOLE NONE 6500 0 0 Archer Daniels Midland Common Stock 039483102 194,233 6085 SOLE NONE 6085 0 0 AT&T Common Stock 00206R102 297,125 10389 SOLE NONE 10389 0 0 Automatic Data Processing Common Stock 053015103 378,690 9010 SOLE NONE 9010 0 0 Ball Corp Common Stock 058498106 653,246 11100 SOLE NONE 11100 0 0 Bank of America Common Stock 060505104 150,711 11502 SOLE NONE 11502 0 0 Bank of New York Mellon Common Stock 064058100 133,106 5094 SOLE NONE 5094 0 0 Bank Of Nova Scotia Halifax Common Stock 064149107 1,255,627 23558 SOLE NONE 23558 0 0 BCE Common Stock 05534B760 117,000 3600 SOLE NONE 3600 0 0 Beckman Coulter Common Stock 075811109 238,242 4883 SOLE NONE 4883 0 0 Berkshire Hathaway Cl A Common Stock 084670108 996,000 8 SOLE NONE 8 0 0 Berkshire Hathaway Cl B Common Stock 084670702 4,554,759 55089 SOLE NONE 55089 0 0 Boeing Common Stock 097023105 188,707 2836 SOLE NONE 2836 0 0 BP p.l.c. Common Stock 055622104 199,057 4835 SOLE NONE 4835 0 0 Bristol Myers Squibb Common Stock 110122108 124,381 4588 SOLE NONE 4588 0 0 Broadridge Financial Solutions Common Stock 11133T103 348,768 15250 SOLE NONE 15250 0 0 Campbell Soup Co Common Stock 134429109 256,745 7182 SOLE NONE 7182 0 0 Canadian Natl Ry Co Common Stock 136375102 105,633 1650 SOLE NONE 1650 0 0 Canadian Pacific Railway Common Stock 13645T100 103,581 1700 SOLE NONE 1700 0 0 Canon Inc Adr New Common Stock 138006309 147,775 3163 SOLE NONE 3163 0 0 Caterpillar Common Stock 149123101 230,532 2930 SOLE NONE 2930 0 0 Cenovus Energy Inc Com Npv Common Stock 15135U109 624,827 21718 SOLE NONE 21718 0 0 Central Fd Cda Cl A Common Stock 153501101 572,700 34500 SOLE NONE 34500 0 0 ChevronTexaco Common Stock 166764100 1,415,681 17467 SOLE NONE 17467 0 0 Clorox Co Del Common Stock 189054109 841,231 12601 SOLE NONE 12601 0 0 Coca-Cola Common Stock 191216100 734,719 12555 SOLE NONE 12555 0 0 Conoco Phillips Common Stock 718507106 356,066 6200 SOLE NONE 6200 0 0 Cooper Cameron Corp. Common Stock 216640102 486,049 11314 SOLE NONE 11314 0 0 Costco Wholesale Common Stock 22160K105 446,851 6929 SOLE NONE 6929 0 0 Diageo Plc Common Stock 25243Q205 115,730 1677 SOLE NONE 1677 0 0 Diamondrock Hospitality Common Stock 252784301 247,528 26083 SOLE NONE 26083 0 0 Dominion Resources Common Stock 25746U109 681,630 15612 SOLE NONE 15612 0 0 Du Pont Common Stock 263534109 447,092 10020 SOLE NONE 10020 0 0 Duke Energy Common Stock 264399106 161,291 9107 SOLE NONE 9107 0 0 Eli Lilly Common Stock 532457108 170,376 4664 SOLE NONE 4664 0 0 Encana Common Stock 292505104 658,982 21799 SOLE NONE 21799 0 0 Ensco Intl PLC Common Stock 29358Q109 1,513,676 33840 SOLE NONE 33840 0 0 EOG Resources Common Stock 26875P101 418,365 4500 SOLE NONE 4500 0 0 Exxon Mobil Common Stock 30231G102 897,536 14526 SOLE NONE 14526 0 0 Fiserv Inc Common Stock 337733108 107,640 2000 SOLE NONE 2000 0 0 Fomento Economico Mexicano Common Stock 344419106 2,632,908 51900 SOLE NONE 51900 0 0 Fourstar Real Estate Grp Common Stock 346233109 204,600 12000 SOLE NONE 12000 0 0 General Mills Common Stock 370334104 4,690,167 128357 SOLE NONE 128357 0 0 Genuine Parts Common Stock 372460105 798,253 17902 SOLE NONE 17902 0 0 Gold Miners ETF Common Stock 57060U100 843,145 15075 SOLE NONE 15075 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ------------------------------ -------------- --------- --------- ----------------- ---------- -------- ------------------ SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE - ------------------------------ -------------- --------- --------- -------- --- ---- ---------- -------- ------ ------ ---- H.J. Heinz Common Stock 423074103 1,502,860 31726 SOLE NONE 31726 0 0 Hawkins Common Stock 420261109 738,932 20862 SOLE NONE 20862 0 0 Health Care Property Common Stock 40414L109 145,611 4047 SOLE NONE 4047 0 0 Hershey Co Common Stock 427866108 142,770 3000 SOLE NONE 3000 0 0 Hewlett-Packard Common Stock 428236103 630,562 14988 SOLE NONE 14988 0 0 Home Depot Common Stock 437076102 232,848 7350 SOLE NONE 7350 0 0 Honda Motors Common Stock 438128308 678,879 19075 SOLE NONE 19075 0 0 Honeywell International Common Stock 438516106 300,110 6830 SOLE NONE 6830 0 0 Hubbell Inc Cl A Common Stock 443510102 272,477 5550 SOLE NONE 5550 0 0 Imperial Oil Ltd Com New Common Stock 453038408 1,349,898 35693 SOLE NONE 35693 0 0 Ing Groep Perpetual Debt Common Stock 456837301 103,630 4300 SOLE NONE 4300 0 0 Ingersoll-Rand Plc Shs Common Stock G47791101 242,828 6800 SOLE NONE 6800 0 0 Ingram Micro Inc Common Stock 457153104 363,755 21575 SOLE NONE 21575 0 0 Intel Common Stock 458140100 2,023,631 105397 SOLE NONE 105397 0 0 International Business Machine Common Stock 459200101 418,114 3117 SOLE NONE 3117 0 0 Intuit Common Stock 461202103 100,763 2300 SOLE NONE 2300 0 0 Investors Title Common Stock 461804106 387,798 11899 SOLE NONE 11899 0 0 Ishares Barclays TIPS Common Stock 464287176 109,060 1000 SOLE NONE 1000 0 0 Ishares Global Telecom Fd Common Stock 464287275 1,558,818 27262 SOLE NONE 27262 0 0 Ishares Hong Kong Index Fd Common Stock 464286871 468,466 25825 SOLE NONE 25825 0 0 Ishares Japan Index Fd Common Stock 464286848 323,240 32700 SOLE NONE 32700 0 0 Ishares Msci Germany Index Fd Common Stock 464286806 229,570 10435 SOLE NONE 10435 0 0 Ishares Singapore Index Fd Common Stock 464286673 6,295,884 476239 SOLE NONE 476239 0 0 Ishares Taiwan Index Fd Common Stock 464286731 217,491 16051 SOLE NONE 16051 0 0 ITT Inds Inc Common Stock 450911102 806,903 17230 SOLE NONE 17230 0 0 JM Smucker Common Stock 832696405 1,283,817 21210 SOLE NONE 21210 0 0 John BeanTechnologies Corp Common Stock 477839104 641,178 39800 SOLE NONE 39800 0 0 Johnson & Johnson Common Stock 478160104 1,224,949 19770 SOLE NONE 19770 0 0 Kellogg Common Stock 487836108 242,448 4800 SOLE NONE 4800 0 0 Kimberly Clark Common Stock 494368103 850,718 13078 SOLE NONE 13078 0 0 Kroger Common Stock 501044101 1,771,772 81799 SOLE NONE 81799 0 0 Lasalle Hotel Pptys Pfd Ser D Common Stock 517942405 248,763 10100 SOLE NONE 10100 0 0 Liberty Global Inc Common Stock 530555101 211,049 6850 SOLE NONE 6850 0 0 Macy's Inc Common Stock 55616P104 318,042 13780 SOLE NONE 13780 0 0 Marathon Oil Corp Common Stock 565849106 612,350 18500 SOLE NONE 18500 0 0 MDU Resources Group Inc Common Stock 552690109 509,238 25526 SOLE NONE 25526 0 0 Mercer Ins Group Common Stock 587902107 428,980 24100 SOLE NONE 24100 0 0 Merck & Co Inc Common Stock 58933Y105 865,221 23505 SOLE NONE 23505 0 0 Mfri Inc Common Stock 552721102 479,607 70118 SOLE NONE 70118 0 0 Microsoft Common Stock 594918104 1,093,810 44664 SOLE NONE 44664 0 0 Midas Common Stock 595626102 162,474 21350 SOLE NONE 21350 0 0 Molson Coors Co Cl B Common Stock 60871R209 552,499 11701 SOLE NONE 11701 0 0 Monsanto Co New Common Stock 61166W101 215,685 4500 SOLE NONE 4500 0 0 Multi Color Corp. Common Stock 625383104 214,269 13914 SOLE NONE 13914 0 0 NBT Bancorp Inc Common Stock 628778102 375,190 17000 SOLE NONE 17000 0 0 New York Times Common Stock 650111107 215,791 27880 SOLE NONE 27880 0 0 Newmont Mining Common Stock 651639106 157,025 2500 SOLE NONE 2500 0 0 Nexen Common Stock 65334H102 1,414,646 70380 SOLE NONE 70380 0 0 Nike Cl B Common Stock 654106103 232,472 2901 SOLE NONE 2901 0 0 Northrop Grumman Corp. Common Stock 666807102 1,157,309 19088 SOLE NONE 19088 0 0 Northwest Natural Gas Common Stock 667655104 348,327 7341 SOLE NONE 7341 0 0 Novartis Ag Adr Common Stock 66987V109 2,341,783 40607 SOLE NONE 40607 0 0 Nstar Common Stock 67019E107 1,721,741 43755 SOLE NONE 43755 0 0 Paccar Inc Common Stock 693718108 144,450 3000 SOLE NONE 3000 0 0 Pepco Holdings Common Stock 713291102 143,307 7705 SOLE NONE 7705 0 0 Pepsico Common Stock 713448108 783,992 11800 SOLE NONE 11800 0 0 Petroleo Brasileiro Common Stock 71654V408 838,744 23125 SOLE NONE 23125 0 0 Petroleo Brasileiro Cl A Common Stock 71654V101 1,068,810 32566 SOLE NONE 32566 0 0 Pfizer Common Stock 717081103 339,967 19800 SOLE NONE 19800 0 0 Philip Morris Intl Common Stock 718172109 1,008,360 18000 SOLE NONE 18000 0 0
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ------------------------------ -------------- --------- --------- ----------------- ---------- -------- ------------------ SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE - ------------------------------ -------------- --------- --------- -------- --- ---- ---------- -------- ------ ------ ---- Pimco ETF Short Maturity Str Common Stock 72201R833 648,916 6430 SOLE NONE 6430 0 0 Plum Creek Timber Common Stock 729251108 129,304 3663 SOLE NONE 3663 0 0 Posco Spon Adr Common Stock 693483109 113,980 1000 SOLE NONE 1000 0 0 Potlatch Corp Common Stock 737630103 323,850 9525 SOLE NONE 9525 0 0 Powershares Ftse Rafi US1000 Common Stock 73935X583 511,353 10160 SOLE NONE 10160 0 0 Precision Castparts Common Stock 740189105 203,760 1600 SOLE NONE 1600 0 0 Procter & Gamble Common Stock 742718109 402,339 6709 SOLE NONE 6709 0 0 Progress Energy Common Stock 743263105 112,515 2533 SOLE NONE 2533 0 0 Rayonier Common Stock 754907103 2,407,756 48040 SOLE NONE 48040 0 0 Raytheon Common Stock 755111507 324,541 7100 SOLE NONE 7100 0 0 Rush Enterprises Cl B Common Stock 781846308 292,366 21263 SOLE NONE 21263 0 0 S & P 500 Index Fund Common Stock 78462F103 224,836 1970 SOLE NONE 1970 0 0 Scana Corp New Common Stock 80589M102 522,291 12954 SOLE NONE 12954 0 0 Schlumberger Limited Common Stock 806857108 532,495 8643 SOLE NONE 8643 0 0 SM Energy Corp Common Stock 792228108 294,061 7850 SOLE NONE 7850 0 0 Southern Co Common Stock 842587107 326,297 8762 SOLE NONE 8762 0 0 Southern Union Co Common Stock 844030106 720,501 29946 SOLE NONE 29946 0 0 Stancorp Financial Common Stock 852891100 2,285,368 60141 SOLE NONE 60141 0 0 Starbucks Common Stock 855244109 444,570 17400 SOLE NONE 17400 0 0 Streettracks Gold Shrs Common Stock 78463V107 3,929,011 30717 SOLE NONE 30717 0 0 Superior Energy Services Inc Common Stock 868157108 122,774 4600 SOLE NONE 4600 0 0 Swiss Helvetia Fund Inc Common Stock 870875101 923,160 73500 SOLE NONE 73500 0 0 Syngenta AG Common Stock 87160A100 3,190,294 64075 SOLE NONE 64075 0 0 Sysco Corp Common Stock 871829107 254,424 8921 SOLE NONE 8921 0 0 Terra Nova Royalty Common Stock 88102D103 190,118 25485 SOLE NONE 25485 0 0 Texas Instruments Common Stock 882508104 246,974 9100 SOLE NONE 9100 0 0 Tidewater Common Stock 886423102 195,155 4355 SOLE NONE 4355 0 0 Toronto Dominion Bk Common Stock 891160509 160,779 2225 SOLE NONE 2225 0 0 Transocean Inc Common Stock G90073100 267,768 4165 SOLE NONE 4165 0 0 Travelers Cos Inc Common Stock 89417E109 116,965 2245 SOLE NONE 2245 0 0 Trustco Bk Corp Ny Common Stock 898349105 183,480 33000 SOLE NONE 33000 0 0 UGI Corp Common Stock 902681105 1,024,088 35795 SOLE NONE 35795 0 0 Unilever PLC Common Stock 904767704 247,350 8500 SOLE NONE 8500 0 0 Union Pacific Common Stock 907818108 1,903,141 23266 SOLE NONE 23266 0 0 United Parcel Svc Common Stock 911312106 727,308 10906 SOLE NONE 10906 0 0 United Technologies Common Stock 913017109 3,940,515 55321 SOLE NONE 55321 0 0 URS Common Stock 903236107 362,025 9532 SOLE NONE 9532 0 0 Urstadt Biddle Ppty Pfd D Common Stock 917286502 304,200 12000 SOLE NONE 12000 0 0 Urstadt Biddle Pptys Common Stock 917286106 828,576 52608 SOLE NONE 52608 0 0 Urstadt Biddle Pptys Inc Cl A Common Stock 917286205 449,375 24855 SOLE NONE 24855 0 0 US Bancorp Common Stock 902973304 1,134,514 52475 SOLE NONE 52475 0 0 Vanguard Energy ETF Common Stock 92204A306 4,206,873 50851 SOLE NONE 50851 0 0 Vanguard Extended Mkt ETF Common Stock 922908652 1,873,574 39402 SOLE NONE 39402 0 0 Vanguard Sector Info Tech ETF Common Stock 92204A702 1,724,990 31025 SOLE NONE 31025 0 0 Vanguard Short Term Bond ETF Common Stock 921937827 1,060,828 12976 SOLE NONE 12976 0 0 Vanguard Small Cap Value ETF Common Stock 922908611 143,280 2400 SOLE NONE 2400 0 0 Vanguard Total Stk Mkt ETF Common Stock 922908769 7,146,531 122435 SOLE NONE 122435 0 0 Vanguard Total World ETF Common Stock 922042742 179,160 4000 SOLE NONE 4000 0 0 Vanguard Utilities ETF Common Stock 92204A876 2,024,039 30469 SOLE NONE 30469 0 0 Veolia Environnement SA Common Stock 92334N103 115,984 4400 SOLE NONE 4400 0 0 Verizon Communications Common Stock 92343V104 594,340 18237 SOLE NONE 18237 0 0 Vodafone Group Plc Common Stock 92857W100 2,142,344 86350 SOLE NONE 86350 0 0 Wal-Mart Stores Common Stock 931142103 743,447 13891 SOLE NONE 13891 0 0 Waste Management Common Stock 94106L109 613,656 17170 SOLE NONE 17170 0 0 Weatherford Bermuda Common Stock G95089101 123,120 7200 SOLE NONE 7200 0 0 Whirlpool Corp Common Stock 963320106 283,360 3500 SOLE NONE 3500 0 0 Wisdomtree Tree India Fund Common Stock 97717W422 361,269 13700 SOLE NONE 13700 0 0 Yahoo Inc Common Stock 984332106 1,067,710 75350 SOLE NONE 75350 0 0 Yamana Gold Inc Common Stock 98462Y100 232,560 20400 SOLE NONE 20400 0 0 Yum! Brands Common Stock 988498101 400,722 8700 SOLE NONE 8700 0 0
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