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

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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
3M CO	COM	88579Y101	1,093	6,225	SH		SOLE		0	0	6,225
ABBOTT LABS	COM	002824100	201	1,716	SH		SOLE		0	0	1,716
ABBVIE INC	COM	00287Y109	871	8,019	SH		SOLE		0	0	8,019
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	324	990	SH		SOLE		0	0	990
ALBEMARLE CORP	COM	012653101	865	3,987	SH		SOLE		0	0	3,987
ALLIANCEBERNSTEIN HLDG L P	UNIT LTD PARTN	01881G106	297	6,000	SH		SOLE		0	0	6,000
ALPHABET INC	CAP STK CL A	02079K305	3,103	1,137	SH		SOLE		0	0	1,137
ALPHABET INC	CAP STK CL C	02079K107	9,116	3,334	SH		SOLE		0	0	3,334
AMAZON COM INC	COM	023135106	2,559	788	SH		SOLE		0	0	788
AMERCO	COM	023586100	244	350	SH		SOLE		0	0	350
AMERICAN CENTY ETF TR	INTL SMCP VLU	025072802	227	3,500	SH		SOLE		0	0	3,500
APPLE INC	COM	037833100	7,167	50,645	SH		SOLE		0	0	50,645
ARMADA HOFFLER PPTYS INC	COM	04208T108	367	26,810	SH		SOLE		0	0	26,810
ATLAS CORP	SHARES	Y0436Q109	593	40,886	SH		SOLE		0	0	40,886
AUTOMATIC DATA PROCESSING IN	COM	053015103	669	3,280	SH		SOLE		0	0	3,280
BALL CORP	COM	058498106	1,448	16,004	SH		SOLE		0	0	16,004
BANK NEW YORK MELLON CORP	COM	064058100	216	3,890	SH		SOLE		0	0	3,890
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	15,221	54,630	SH		SOLE		0	0	54,630
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	5,455	13	SH		SOLE		0	0	13
BK OF AMERICA CORP	COM	060505104	413	9,480	SH		SOLE		0	0	9,480
BLACK STONE MINERALS L P	COM UNIT	09225M101	270	22,000	SH		SOLE		0	0	22,000
BOEING CO	COM	097023105	287	1,285	SH		SOLE		0	0	1,285
BOISE CASCADE CO DEL	COM	09739D100	487	8,500	SH		SOLE		0	0	8,500
BP PLC	SPONSORED ADR	055622104	3,203	110,054	SH		SOLE		0	0	110,054
BRISTOL-MYERS SQUIBB CO	COM	110122108	439	7,696	SH		SOLE		0	0	7,696
BRUNSWICK CORP	COM	117043109	5,101	51,312	SH		SOLE		0	0	51,312
CARRIER GLOBAL CORPORATION	COM	14448C104	420	8,353	SH		SOLE		0	0	8,353
CHEVRON CORP NEW	COM	166764100	506	4,719	SH		SOLE		0	0	4,719
CISCO SYS INC	COM	17275R102	361	6,650	SH		SOLE		0	0	6,650
CLARUS CORP NEW	COM	18270P109	414	15,211	SH		SOLE		0	0	15,211
CLOROX CO DEL	COM	189054109	244	1,500	SH		SOLE		0	0	1,500
COMCAST CORP NEW	CL A	20030N101	1,651	31,554	SH		SOLE		0	0	31,554
CORNING INC	COM	219350105	208	5,700	SH		SOLE		0	0	5,700
COSTCO WHSL CORP NEW	COM	22160K105	5,787	12,950	SH		SOLE		0	0	12,950
DEERE & CO	COM	244199105	787	2,380	SH		SOLE		0	0	2,380
DELL TECHNOLOGIES INC	CL C	24703L202	468	4,510	SH		SOLE		0	0	4,510
DISCOVER FINL SVCS	COM	254709108	4,019	31,552	SH		SOLE		0	0	31,552
DISH NETWORK CORPORATION	CL A	25470M109	449	10,480	SH		SOLE		0	0	10,480
DISNEY WALT CO	COM	254687106	5,912	34,146	SH		SOLE		0	0	34,146
DOMINION ENERGY INC	COM	25746U109	203	2,795	SH		SOLE		0	0	2,795
DUKE ENERGY CORP NEW	COM NEW	26441C204	253	2,531	SH		SOLE		0	0	2,531
EDWARDS LIFESCIENCES CORP	COM	28176E108	469	4,309	SH		SOLE		0	0	4,309
ENCORE WIRE CORP	COM	292562105	4,354	41,972	SH		SOLE		0	0	41,972
EVERSOURCE ENERGY	COM	30040W108	947	11,075	SH		SOLE		0	0	11,075
EXPONENT INC	COM	30214U102	1,564	13,935	SH		SOLE		0	0	13,935
EXXON MOBIL CORP	COM	30231G102	202	3,300	SH		SOLE		0	0	3,300
FACEBOOK INC	CL A	30303M102	745	2,300	SH		SOLE		0	0	2,300
FEDEX CORP	COM	31428X106	310	1,400	SH		SOLE		0	0	1,400
FIDELITY MERRIMACK STR TR	TOTAL BD ETF	316188309	5,888	110,985	SH		SOLE		0	0	110,985
FISERV INC	COM	337738108	4,784	45,865	SH		SOLE		0	0	45,865
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	3,734	44,773	SH		SOLE		0	0	44,773
FORD MTR CO DEL	COM	345370860	236	15,100	SH		SOLE		0	0	15,100
GENERAL MTRS CO	COM	37045V100	504	8,550	SH		SOLE		0	0	8,550
GOLDMAN SACHS ETF TR	ACTIVEBETA INT	381430107	7,867	230,641	SH		SOLE		0	0	230,641
GOLDMAN SACHS ETF TR	ACCES TREASURY	381430529	1,211	12,100	SH		SOLE		0	0	12,100
GOLDMAN SACHS GROUP INC	COM	38141G104	2,279	5,895	SH		SOLE		0	0	5,895
GXO LOGISTICS INCORPORATED	COMMON STOCK	36262G101	1,197	15,785	SH		SOLE		0	0	15,785
HANESBRANDS INC	COM	410345102	367	22,400	SH		SOLE		0	0	22,400
HIGHWOODS PPTYS INC	COM	431284108	638	13,800	SH		SOLE		0	0	13,800
HOME DEPOT INC	COM	437076102	1,929	5,709	SH		SOLE		0	0	5,709
HONDA MOTOR LTD	AMERN SHS	438128308	261	8,650	SH		SOLE		0	0	8,650
HONEYWELL INTL INC	COM	438516106	4,337	20,235	SH		SOLE		0	0	20,235
HOST HOTELS & RESORTS INC	COM	44107P104	653	39,407	SH		SOLE		0	0	39,407
INGLES MKTS INC	CL A	457030104	2,993	43,980	SH		SOLE		0	0	43,980
INTEL CORP	COM	458140100	370	7,093	SH		SOLE		0	0	7,093
INVESCO CURRENCYSHARES EURO	EURO SHS	46138K103	430	4,000	SH		SOLE		0	0	4,000
INVESCO CURRENCYSHARES SWISS	SWISS FRANC	46138R108	340	3,500	SH		SOLE		0	0	3,500
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	2,907	19,089	SH		SOLE		0	0	19,089
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	9,660	59,937	SH		SOLE		0	0	59,937
INVESCO QQQ TR	UNIT SER 1	46090E103	2,993	8,380	SH		SOLE		0	0	8,380
INVESTORS TITLE CO NC	COM	461804106	446	2,375	SH		SOLE		0	0	2,375
IRON MTN INC NEW	COM	46284V101	4,488	103,686	SH		SOLE		0	0	103,686
ISHARES GOLD TR	ISHARES NEW	464285204	235	7,000	SH		SOLE		0	0	7,000
ISHARES INC	MSCI EMRG CHN	46434G764	274	4,550	SH		SOLE		0	0	4,550
ISHARES TR	EAFE SML CP ETF	464288273	909	12,331	SH		SOLE		0	0	12,331
ISHARES TR	GLOB INDSTRL ETF	464288729	224	1,900	SH		SOLE		0	0	1,900
ISHARES TR	CORE MSCI TOTAL	46432F834	10,869	153,058	SH		SOLE		0	0	153,058
ISHARES TR	GLOBAL ENERG ETF	464287341	235	8,200	SH		SOLE		0	0	8,200
ISHARES TR	1 3 YR TREAS BD	464287457	1,886	21,924	SH		SOLE		0	0	21,924
ISHARES TR	MSCI EAFE MIN VL	46429B689	2,230	29,880	SH		SOLE		0	0	29,880
ISHARES TR	RUS 1000 VAL ETF	464287598	264	1,663	SH		SOLE		0	0	1,663
ISHARES TR	RUS MDCP VAL ETF	464287473	476	4,107	SH		SOLE		0	0	4,107
ISHARES TR	RUS 1000 ETF	464287622	318	1,300	SH		SOLE		0	0	1,300
ISHARES TR	RUS MID CAP ETF	464287499	436	5,476	SH		SOLE		0	0	5,476
ISHARES TR	MSCI EAFE ETF	464287465	270	3,475	SH		SOLE		0	0	3,475
ISHARES TR	SHORT TREAS BD	464288679	440	3,980	SH		SOLE		0	0	3,980
ITT INC	COM	45073V108	1,270	14,230	SH		SOLE		0	0	14,230
J P MORGAN EXCHANGE-TRADED F	ULTRA SHT MUNCPL	46641Q654	4,740	92,835	SH		SOLE		0	0	92,835
J P MORGAN EXCHANGE-TRADED F	ULTRA SHRT INC	46641Q837	1,307	25,795	SH		SOLE		0	0	25,795
JANUS DETROIT STR TR	HENDERSON MTG	47103U852	1,175	22,189	SH		SOLE		0	0	22,189
JOHN BEAN TECHNOLOGIES CORP	COM	477839104	1,509	10,230	SH		SOLE		0	0	10,230
JOHN HANCOCK EXCHANGE TRADED	MULTIFACTOR MI	47804J206	9,250	176,185	SH		SOLE		0	0	176,185
JOHNSON & JOHNSON	COM	478160104	5,640	35,769	SH		SOLE		0	0	35,769
JPMORGAN CHASE & CO	COM	46625H100	6,979	42,202	SH		SOLE		0	0	42,202
KIMCO RLTY CORP	COM	49446R109	2,475	112,085	SH		SOLE		0	0	112,085
KIRKLAND LAKE GOLD LTD	COM	49741E100	265	6,000	SH		SOLE		0	0	6,000
KROGER CO	COM	501044101	3,628	91,093	SH		SOLE		0	0	91,093
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	5,874	21,441	SH		SOLE		0	0	21,441
LAM RESEARCH CORP	COM	512807108	7,028	12,853	SH		SOLE		0	0	12,853
LINDE PLC	SHS	G5494J103	243	820	SH		SOLE		0	0	820
LISTED FD TR	HORIZON KINETICS	53656F623	746	24,470	SH		SOLE		0	0	24,470
LOCKHEED MARTIN CORP	COM	539830109	304	850	SH		SOLE		0	0	850
LOUISIANA PAC CORP	COM	546347105	11,155	169,627	SH		SOLE		0	0	169,627
LUXFER HOLDINGS PLC	SHS	G5698W116	328	15,800	SH		SOLE		0	0	15,800
MARRIOTT INTL INC NEW	CL A	571903202	249	1,580	SH		SOLE		0	0	1,580
MARTEN TRANS LTD	COM	573075108	227	15,062	SH		SOLE		0	0	15,062
MATSON INC	COM	57686G105	997	11,130	SH		SOLE		0	0	11,130
MERCK & CO INC	COM	58933Y105	864	10,850	SH		SOLE		0	0	10,850
MICROSOFT CORP	COM	594918104	17,332	59,178	SH		SOLE		0	0	59,178
MID-AMER APT CMNTYS INC	COM	59522J103	3,461	17,885	SH		SOLE		0	0	17,885
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	2,286	119,421	SH		SOLE		0	0	119,421
NAUTILUS INC	COM	63910B102	1,203	130,488	SH		SOLE		0	0	130,488
NEWS CORP NEW	CL B	65249B208	511	21,300	SH		SOLE		0	0	21,300
NEXTERA ENERGY INC	COM	65339F101	880	11,155	SH		SOLE		0	0	11,155
NIKE INC	CL B	654106103	2,654	17,305	SH		SOLE		0	0	17,305
NORDSTROM INC	COM	655664100	1,835	68,673	SH		SOLE		0	0	68,673
NORFOLK SOUTHN CORP	COM	655844108	418	1,600	SH		SOLE		0	0	1,600
NORTHROP GRUMMAN CORP	COM	666807102	4,235	10,856	SH		SOLE		0	0	10,856
NORTONLIFELOCK INC	COM	668771108	4,505	177,515	SH		SOLE		0	0	177,515
NOVARTIS AG	SPONSORED ADR	66987V109	1,150	14,029	SH		SOLE		0	0	14,029
ORACLE CORP	COM	68389X105	526	5,504	SH		SOLE		0	0	5,504
OSHKOSH CORP	COM	688239201	677	6,866	SH		SOLE		0	0	6,866
OTIS WORLDWIDE CORP	COM	68902V107	265	3,238	SH		SOLE		0	0	3,238
PEPSICO INC	COM	713448108	6,475	41,258	SH		SOLE		0	0	41,258
PFIZER INC	COM	717081103	451	10,766	SH		SOLE		0	0	10,766
PHILLIPS 66	COM	718546104	679	8,220	SH		SOLE		0	0	8,220
PIMCO EQUITY SER	RAFI DYN ML US	72202L363	6,395	163,501	SH		SOLE		0	0	163,501
PIMCO ETF TR	ENHNCD LW DUR AC	72201R718	2,755	27,134	SH		SOLE		0	0	27,134
PINNACLE WEST CAP CORP	COM	723484101	3,465	51,908	SH		SOLE		0	0	51,908
PINTEREST INC	CL A	72352L106	857	16,665	SH		SOLE		0	0	16,665
PORTLAND GEN ELEC CO	COM NEW	736508847	3,959	81,986	SH		SOLE		0	0	81,986
POTLATCHDELTIC CORPORATION	COM	737630103	514	9,546	SH		SOLE		0	0	9,546
PPL CORP	COM	69351T106	390	13,807	SH		SOLE		0	0	13,807
PRICE T ROWE GROUP INC	COM	74144T108	369	1,960	SH		SOLE		0	0	1,960
PROCTER AND GAMBLE CO	COM	742718109	459	3,232	SH		SOLE		0	0	3,232
PROLOGIS INC.	COM	74340W103	1,676	12,670	SH		SOLE		0	0	12,670
RAYONIER INC	COM	754907103	687	18,660	SH		SOLE		0	0	18,660
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	4,735	52,778	SH		SOLE		0	0	52,778
RING ENERGY INC	COM	76680V108	38	10,000	SH		SOLE		0	0	10,000
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	443	9,400	SH		SOLE		0	0	9,400
RUSH ENTERPRISES INC	CL B	781846308	206	4,250	SH		SOLE		0	0	4,250
SALEM MEDIA GROUP INC	CL A	794093104	49	13,600	SH		SOLE		0	0	13,600
SCHWAB STRATEGIC TR	SCHWB FDT INT SC	808524748	294	7,650	SH		SOLE		0	0	7,650
SCHWAB STRATEGIC TR	SCHWAB FDT US LG	808524771	264	4,800	SH		SOLE		0	0	4,800
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	10,826	143,758	SH		SOLE		0	0	143,758
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	1,773	28,341	SH		SOLE		0	0	28,341
SEABOARD CORP DEL	COM	811543107	288	69	SH		SOLE		0	0	69
SKECHERS U S A INC	CL A	830566105	3,309	80,245	SH		SOLE		0	0	80,245
SMITH MIDLAND CORP	COM	832156103	233	13,750	SH		SOLE		0	0	13,750
SMUCKER J M CO	COM NEW	832696405	847	6,939	SH		SOLE		0	0	6,939
SONOCO PRODS CO	COM	835495102	531	8,760	SH		SOLE		0	0	8,760
SPDR GOLD TR	GOLD SHS	78463V107	1,577	9,577	SH		SOLE		0	0	9,577
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,516	5,802	SH		SOLE		0	0	5,802
SPROTT PHYSICAL GOLD & SILVE	TR UNIT	85208R101	222	12,600	SH		SOLE		0	0	12,600
SPROTT PHYSICAL GOLD TR	UNIT	85207H104	449	32,500	SH		SOLE		0	0	32,500
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	122	15,500	SH		SOLE		0	0	15,500
STARBUCKS CORP	COM	855244109	734	6,611	SH		SOLE		0	0	6,611
STARWOOD PPTY TR INC	COM	85571B105	1,306	51,850	SH		SOLE		0	0	51,850
STELLANTIS N.V	SHS	N82405106	1,813	93,536	SH		SOLE		0	0	93,536
STRYKER CORPORATION	COM	863667101	5,521	21,383	SH		SOLE		0	0	21,383
TARGET CORP	COM	87612E106	3,741	16,248	SH		SOLE		0	0	16,248
TETRA TECHNOLOGIES INC DEL	COM	88162F105	105	30,000	SH		SOLE		0	0	30,000
TOTALENERGIES SE	SPONSORED ADS	89151E109	501	9,950	SH		SOLE		0	0	9,950
UBS GROUP AG	SHS	H42097107	206	12,300	SH		SOLE		0	0	12,300
UGI CORP NEW	COM	902681105	253	5,750	SH		SOLE		0	0	5,750
UNION PAC CORP	COM	907818108	3,942	18,472	SH		SOLE		0	0	18,472
UNITED PARCEL SERVICE INC	CL B	911312106	630	3,460	SH		SOLE		0	0	3,460
UNITEDHEALTH GROUP INC	COM	91324P102	492	1,219	SH		SOLE		0	0	1,219
UNIVAR SOLUTIONS INC	COM	91336L107	412	16,200	SH		SOLE		0	0	16,200
URSTADT BIDDLE PPTYS INC	COM	917286106	573	32,682	SH		SOLE		0	0	32,682
URSTADT BIDDLE PPTYS INC	CL A	917286205	1,406	72,250	SH		SOLE		0	0	72,250
US BANCORP DEL	COM NEW	902973304	555	9,000	SH		SOLE		0	0	9,000
VANECK ETF TRUST	FALLEN ANGEL HG	92189F437	628	19,200	SH		SOLE		0	0	19,200
VANECK MERK GOLD TR	GOLD TRUST	921078101	394	23,000	SH		SOLE		0	0	23,000
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	907	11,100	SH		SOLE		0	0	11,100
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	1,346	12,886	SH		SOLE		0	0	12,886
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	60,352	268,707	SH		SOLE		0	0	268,707
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	3,890	21,016	SH		SOLE		0	0	21,016
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	9,955	24,966	SH		SOLE		0	0	24,966
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	329	2,305	SH		SOLE		0	0	2,305
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	1,785	10,289	SH		SOLE		0	0	10,289
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	4,339	42,324	SH		SOLE		0	0	42,324
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	1,755	28,770	SH		SOLE		0	0	28,770
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	612	4,581	SH		SOLE		0	0	4,581
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	874	17,295	SH		SOLE		0	0	17,295
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	16,277	155,289	SH		SOLE		0	0	155,289
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	3,246	21,086	SH		SOLE		0	0	21,086
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	1,266	9,000	SH		SOLE		0	0	9,000
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	1,187	12,460	SH		SOLE		0	0	12,460
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	3,495	14,340	SH		SOLE		0	0	14,340
VANGUARD WORLD FDS	INF TECH ETF	92204A702	16,802	41,517	SH		SOLE		0	0	41,517
VERIZON COMMUNICATIONS INC	COM	92343V104	4,189	81,610	SH		SOLE		0	0	81,610
VISA INC	COM CL A	92826C839	1,242	5,544	SH		SOLE		0	0	5,544
VMWARE INC	CL A COM	928563402	2,503	17,075	SH		SOLE		0	0	17,075
WALMART INC	COM	931142103	1,020	7,319	SH		SOLE		0	0	7,319
WASTE MGMT INC DEL	COM	94106L109	1,149	7,436	SH		SOLE		0	0	7,436
WEYERHAEUSER CO MTN BE	COM NEW	962166104	6,500	173,658	SH		SOLE		0	0	173,658
WHIRLPOOL CORP	COM	963320106	310	1,550	SH		SOLE		0	0	1,550
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	9,993	190,518	SH		SOLE		0	0	190,518
WOODWARD INC	COM	980745103	1,358	11,855	SH		SOLE		0	0	11,855
WORLD GOLD TR	SPDR GLD MINIS	98149E204	2,043	116,700	SH		SOLE		0	0	116,700
XPO LOGISTICS INC	COM	983793100	1,088	14,430	SH		SOLE		0	0	14,430