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
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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
3M CO	COM	88579Y101	1,088	6,125	SH		SOLE		0	0	6,125
ABBOTT LABS	COM	002824100	242	1,716	SH		SOLE		0	0	1,716
ABBVIE INC	COM	00287Y109	1,086	8,019	SH		SOLE		0	0	8,019
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	410	990	SH		SOLE		0	0	990
ALBEMARLE CORP	COM	012653101	903	3,862	SH		SOLE		0	0	3,862
ALLIANCEBERNSTEIN HLDG L P	UNIT LTD PARTN	01881G106	293	6,000	SH		SOLE		0	0	6,000
ALPHABET INC	CAP STK CL A	02079K305	3,295	1,137	SH		SOLE		0	0	1,137
ALPHABET INC	CAP STK CL C	02079K107	9,572	3,308	SH		SOLE		0	0	3,308
AMAZON COM INC	COM	023135106	2,727	818	SH		SOLE		0	0	818
AMERCO	COM	023586100	272	375	SH		SOLE		0	0	375
AMERICAN CENTY ETF TR	INTL SMCP VLU	025072802	226	3,500	SH		SOLE		0	0	3,500
APPLE INC	COM	037833100	8,896	50,100	SH		SOLE		0	0	50,100
ARCHER DANIELS MIDLAND CO	COM	039483102	3,753	55,527	SH		SOLE		0	0	55,527
ARMADA HOFFLER PPTYS INC	COM	04208T108	370	24,310	SH		SOLE		0	0	24,310
ATLAS CORP	SHARES	Y0436Q109	580	40,886	SH		SOLE		0	0	40,886
AUTOMATIC DATA PROCESSING IN	COM	053015103	809	3,280	SH		SOLE		0	0	3,280
BALL CORP	COM	058498106	1,541	16,004	SH		SOLE		0	0	16,004
BANK NEW YORK MELLON CORP	COM	064058100	226	3,890	SH		SOLE		0	0	3,890
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	5,859	13	SH		SOLE		0	0	13
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	16,729	55,950	SH		SOLE		0	0	55,950
BK OF AMERICA CORP	COM	060505104	422	9,480	SH		SOLE		0	0	9,480
BLACK STONE MINERALS L P	COM UNIT	09225M101	227	22,000	SH		SOLE		0	0	22,000
BOEING CO	COM	097023105	259	1,285	SH		SOLE		0	0	1,285
BOISE CASCADE CO DEL	COM	09739D100	605	8,500	SH		SOLE		0	0	8,500
BOXED INC	COM	103174108	164	11,940	SH		SOLE		0	0	11,940
BP PLC	SPONSORED ADR	055622104	2,983	112,004	SH		SOLE		0	0	112,004
BRISTOL-MYERS SQUIBB CO	COM	110122108	480	7,696	SH		SOLE		0	0	7,696
BRUNSWICK CORP	COM	117043109	5,240	52,023	SH		SOLE		0	0	52,023
CARRIER GLOBAL CORPORATION	COM	14448C104	453	8,353	SH		SOLE		0	0	8,353
CHEVRON CORP NEW	COM	166764100	601	5,120	SH		SOLE		0	0	5,120
CISCO SYS INC	COM	17275R102	421	6,650	SH		SOLE		0	0	6,650
CLARUS CORP NEW	COM	18270P109	417	15,061	SH		SOLE		0	0	15,061
CLOROX CO DEL	COM	189054109	262	1,500	SH		SOLE		0	0	1,500
COMCAST CORP NEW	CL A	20030N101	1,537	30,539	SH		SOLE		0	0	30,539
CORNING INC	COM	219350105	212	5,700	SH		SOLE		0	0	5,700
COSTCO WHSL CORP NEW	COM	22160K105	7,331	12,913	SH		SOLE		0	0	12,913
DEERE & CO	COM	244199105	816	2,380	SH		SOLE		0	0	2,380
DELL TECHNOLOGIES INC	CL C	24703L202	253	4,510	SH		SOLE		0	0	4,510
DISCOVER FINL SVCS	COM	254709108	3,689	31,926	SH		SOLE		0	0	31,926
DISH NETWORK CORPORATION	CL A	25470M109	333	10,280	SH		SOLE		0	0	10,280
DISNEY WALT CO	COM	254687106	5,291	34,157	SH		SOLE		0	0	34,157
DUKE ENERGY CORP NEW	COM NEW	26441C204	266	2,531	SH		SOLE		0	0	2,531
EDWARDS LIFESCIENCES CORP	COM	28176E108	558	4,309	SH		SOLE		0	0	4,309
ENCORE WIRE CORP	COM	292562105	6,069	42,411	SH		SOLE		0	0	42,411
EVERSOURCE ENERGY	COM	30040W108	922	10,133	SH		SOLE		0	0	10,133
EXPONENT INC	COM	30214U102	1,527	13,080	SH		SOLE		0	0	13,080
EXXON MOBIL CORP	COM	30231G102	202	3,300	SH		SOLE		0	0	3,300
FEDEX CORP	COM	31428X106	362	1,400	SH		SOLE		0	0	1,400
FIDELITY MERRIMACK STR TR	TOTAL BD ETF	316188309	6,401	120,730	SH		SOLE		0	0	120,730
FISERV INC	COM	337738108	4,607	44,389	SH		SOLE		0	0	44,389
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	3,568	45,911	SH		SOLE		0	0	45,911
FORD MTR CO DEL	COM	345370860	361	17,400	SH		SOLE		0	0	17,400
GARRETT MOTION INC	COM	366505105	2,289	285,042	SH		SOLE		0	0	285,042
GENERAL MTRS CO	COM	37045V100	501	8,550	SH		SOLE		0	0	8,550
GLOBAL SELF STORAGE INC	COM	37955N106	80	14,000	SH		SOLE		0	0	14,000
GOLDMAN SACHS ETF TR	ACCES TREASURY	381430529	1,100	11,000	SH		SOLE		0	0	11,000
GOLDMAN SACHS ETF TR	ACTIVEBETA INT	381430107	9,444	267,772	SH		SOLE		0	0	267,772
GOLDMAN SACHS GROUP INC	COM	38141G104	2,444	6,390	SH		SOLE		0	0	6,390
GXO LOGISTICS INCORPORATED	COMMON STOCK	36262G101	2,394	26,357	SH		SOLE		0	0	26,357
HANESBRANDS INC	COM	410345102	293	17,540	SH		SOLE		0	0	17,540
HIGHWOODS PPTYS INC	COM	431284108	615	13,800	SH		SOLE		0	0	13,800
HOME DEPOT INC	COM	437076102	2,286	5,509	SH		SOLE		0	0	5,509
HONDA MOTOR LTD	AMERN SHS	438128308	257	9,050	SH		SOLE		0	0	9,050
HONEYWELL INTL INC	COM	438516106	4,288	20,566	SH		SOLE		0	0	20,566
HOST HOTELS & RESORTS INC	COM	44107P104	691	39,707	SH		SOLE		0	0	39,707
INGLES MKTS INC	CL A	457030104	3,793	43,930	SH		SOLE		0	0	43,930
INTEL CORP	COM	458140100	365	7,093	SH		SOLE		0	0	7,093
INVESCO CURRENCYSHARES EURO	EURO SHS	46138K103	423	4,000	SH		SOLE		0	0	4,000
INVESCO CURRENCYSHARES SWISS	SWISS FRANC	46138R108	346	3,500	SH		SOLE		0	0	3,500
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	3,020	18,559	SH		SOLE		0	0	18,559
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	10,169	59,227	SH		SOLE		0	0	59,227
INVESCO QQQ TR	UNIT SER 1	46090E103	3,433	8,630	SH		SOLE		0	0	8,630
INVESTORS TITLE CO NC	COM	461804106	468	2,375	SH		SOLE		0	0	2,375
IRON MTN INC NEW	COM	46284V101	5,494	104,983	SH		SOLE		0	0	104,983
ISHARES GOLD TR	ISHARES NEW	464285204	226	6,500	SH		SOLE		0	0	6,500
ISHARES INC	MSCI EMRG CHN	46434G764	276	4,550	SH		SOLE		0	0	4,550
ISHARES TR	MSCI USA QLT FCT	46432F339	218	1,500	SH		SOLE		0	0	1,500
ISHARES TR	RUS 1000 VAL ETF	464287598	302	1,799	SH		SOLE		0	0	1,799
ISHARES TR	RUS MID CAP ETF	464287499	455	5,476	SH		SOLE		0	0	5,476
ISHARES TR	MSCI EAFE ETF	464287465	228	2,900	SH		SOLE		0	0	2,900
ISHARES TR	GLOB INDSTRL ETF	464288729	235	1,900	SH		SOLE		0	0	1,900
ISHARES TR	RUS 1000 ETF	464287622	304	1,150	SH		SOLE		0	0	1,150
ISHARES TR	CORE MSCI TOTAL	46432F834	11,579	163,227	SH		SOLE		0	0	163,227
ISHARES TR	GLOBAL ENERG ETF	464287341	308	11,200	SH		SOLE		0	0	11,200
ISHARES TR	RUS MDCP VAL ETF	464287473	503	4,107	SH		SOLE		0	0	4,107
ISHARES TR	EAFE SML CP ETF	464288273	899	12,301	SH		SOLE		0	0	12,301
ISHARES TR	SHORT TREAS BD	464288679	286	2,590	SH		SOLE		0	0	2,590
ISHARES TR	MSCI EAFE MIN VL	46429B689	2,167	28,230	SH		SOLE		0	0	28,230
ISHARES TR	1 3 YR TREAS BD	464287457	1,284	15,011	SH		SOLE		0	0	15,011
ITT INC	COM	45073V108	1,454	14,230	SH		SOLE		0	0	14,230
J P MORGAN EXCHANGE-TRADED F	ULTRA SHRT INC	46641Q837	1,429	28,315	SH		SOLE		0	0	28,315
J P MORGAN EXCHANGE-TRADED F	ULTRA SHT MUNCPL	46641Q654	4,717	92,385	SH		SOLE		0	0	92,385
JANUS DETROIT STR TR	HENDERSON MTG	47103U852	1,302	24,720	SH		SOLE		0	0	24,720
JOHN BEAN TECHNOLOGIES CORP	COM	477839104	1,491	9,710	SH		SOLE		0	0	9,710
JOHN HANCOCK EXCHANGE TRADED	MULTIFACTOR MI	47804J206	10,393	186,961	SH		SOLE		0	0	186,961
JOHNSON & JOHNSON	COM	478160104	6,252	36,546	SH		SOLE		0	0	36,546
JPMORGAN CHASE & CO	COM	46625H100	6,715	42,403	SH		SOLE		0	0	42,403
KIMCO RLTY CORP	COM	49446R109	2,872	116,520	SH		SOLE		0	0	116,520
KIRKLAND LAKE GOLD LTD	COM	49741E100	248	5,900	SH		SOLE		0	0	5,900
KROGER CO	COM	501044101	4,071	89,953	SH		SOLE		0	0	89,953
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	6,768	21,539	SH		SOLE		0	0	21,539
LAM RESEARCH CORP	COM	512807108	9,277	12,900	SH		SOLE		0	0	12,900
LIMONEIRA CO	COM	532746104	150	10,000	SH		SOLE		0	0	10,000
LINDE PLC	SHS	G5494J103	284	820	SH		SOLE		0	0	820
LISTED FD TR	HORIZON KINETICS	53656F623	848	27,170	SH		SOLE		0	0	27,170
LOUISIANA PAC CORP	COM	546347105	13,209	168,584	SH		SOLE		0	0	168,584
LUXFER HOLDINGS PLC	SHS	G5698W116	295	15,300	SH		SOLE		0	0	15,300
MARRIOTT INTL INC NEW	CL A	571903202	281	1,700	SH		SOLE		0	0	1,700
MARTEN TRANS LTD	COM	573075108	258	15,062	SH		SOLE		0	0	15,062
MATSON INC	COM	57686G105	1,002	11,130	SH		SOLE		0	0	11,130
MERCK & CO INC	COM	58933Y105	786	10,250	SH		SOLE		0	0	10,250
META PLATFORMS INC	CL A	30303M102	774	2,300	SH		SOLE		0	0	2,300
MICROSOFT CORP	COM	594918104	19,447	57,822	SH		SOLE		0	0	57,822
MID-AMER APT CMNTYS INC	COM	59522J103	3,975	17,325	SH		SOLE		0	0	17,325
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	2,418	115,075	SH		SOLE		0	0	115,075
NAUTILUS INC	COM	63910B102	761	124,143	SH		SOLE		0	0	124,143
NEWS CORP NEW	CL B	65249B208	479	21,300	SH		SOLE		0	0	21,300
NEXTERA ENERGY INC	COM	65339F101	1,041	11,155	SH		SOLE		0	0	11,155
NIKE INC	CL B	654106103	2,864	17,185	SH		SOLE		0	0	17,185
NORDSTROM INC	COM	655664100	1,549	68,463	SH		SOLE		0	0	68,463
NORFOLK SOUTHN CORP	COM	655844108	476	1,600	SH		SOLE		0	0	1,600
NORTHROP GRUMMAN CORP	COM	666807102	4,179	10,796	SH		SOLE		0	0	10,796
NORTONLIFELOCK INC	COM	668771108	4,409	169,699	SH		SOLE		0	0	169,699
NOVARTIS AG	SPONSORED ADR	66987V109	1,204	13,769	SH		SOLE		0	0	13,769
ORACLE CORP	COM	68389X105	480	5,504	SH		SOLE		0	0	5,504
OSHKOSH CORP	COM	688239201	695	6,166	SH		SOLE		0	0	6,166
OTIS WORLDWIDE CORP	COM	68902V107	282	3,238	SH		SOLE		0	0	3,238
PEPSICO INC	COM	713448108	7,148	41,150	SH		SOLE		0	0	41,150
PFIZER INC	COM	717081103	660	11,182	SH		SOLE		0	0	11,182
PHILLIPS 66	COM	718546104	596	8,220	SH		SOLE		0	0	8,220
PIMCO EQUITY SER	RAFI DYN ML US	72202L363	6,934	167,721	SH		SOLE		0	0	167,721
PIMCO ETF TR	ENHNCD LW DUR AC	72201R718	2,930	29,127	SH		SOLE		0	0	29,127
PINNACLE WEST CAP CORP	COM	723484101	3,598	50,966	SH		SOLE		0	0	50,966
PINTEREST INC	CL A	72352L106	612	16,838	SH		SOLE		0	0	16,838
PORTLAND GEN ELEC CO	COM NEW	736508847	4,394	83,040	SH		SOLE		0	0	83,040
POTLATCHDELTIC CORPORATION	COM	737630103	574	9,535	SH		SOLE		0	0	9,535
PPL CORP	COM	69351T106	415	13,807	SH		SOLE		0	0	13,807
PRICE T ROWE GROUP INC	COM	74144T108	385	1,960	SH		SOLE		0	0	1,960
PROCTER AND GAMBLE CO	COM	742718109	527	3,222	SH		SOLE		0	0	3,222
PROLOGIS INC.	COM	74340W103	2,096	12,450	SH		SOLE		0	0	12,450
QUEST DIAGNOSTICS INC	COM	74834L100	225	1,300	SH		SOLE		0	0	1,300
RAYONIER INC	COM	754907103	729	18,060	SH		SOLE		0	0	18,060
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	4,637	53,879	SH		SOLE		0	0	53,879
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	407	9,400	SH		SOLE		0	0	9,400
RUSH ENTERPRISES INC	CL B	781846308	229	4,250	SH		SOLE		0	0	4,250
SALEM MEDIA GROUP INC	CL A	794093104	35	11,400	SH		SOLE		0	0	11,400
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	12,779	158,097	SH		SOLE		0	0	158,097
SCHWAB STRATEGIC TR	SCHWB FDT INT SC	808524748	284	7,600	SH		SOLE		0	0	7,600
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	1,939	30,827	SH		SOLE		0	0	30,827
SCHWAB STRATEGIC TR	SCHWAB FDT US LG	808524771	399	6,800	SH		SOLE		0	0	6,800
SEABOARD CORP DEL	COM	811543107	331	84	SH		SOLE		0	0	84
SKECHERS U S A INC	CL A	830566105	3,592	82,758	SH		SOLE		0	0	82,758
SMITH MIDLAND CORP	COM	832156103	374	7,950	SH		SOLE		0	0	7,950
SMUCKER J M CO	COM NEW	832696405	956	7,039	SH		SOLE		0	0	7,039
SONOCO PRODS CO	COM	835495102	504	8,705	SH		SOLE		0	0	8,705
SPDR GOLD TR	GOLD SHS	78463V107	1,637	9,577	SH		SOLE		0	0	9,577
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,711	5,708	SH		SOLE		0	0	5,708
SPROTT PHYSICAL GOLD & SILVE	TR UNIT	85208R101	188	10,600	SH		SOLE		0	0	10,600
SPROTT PHYSICAL GOLD TR	UNIT	85207H104	467	32,500	SH		SOLE		0	0	32,500
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	104	13,000	SH		SOLE		0	0	13,000
STARBUCKS CORP	COM	855244109	773	6,611	SH		SOLE		0	0	6,611
STARWOOD PPTY TR INC	COM	85571B105	1,260	51,850	SH		SOLE		0	0	51,850
STELLANTIS N.V	SHS	N82405106	1,755	93,536	SH		SOLE		0	0	93,536
STRYKER CORPORATION	COM	863667101	5,739	21,461	SH		SOLE		0	0	21,461
TARGET CORP	COM	87612E106	4,205	18,167	SH		SOLE		0	0	18,167
TETRA TECHNOLOGIES INC DEL	COM	88162F105	87	30,500	SH		SOLE		0	0	30,500
TOTALENERGIES SE	SPONSORED ADS	89151E109	537	10,850	SH		SOLE		0	0	10,850
TRICON RESIDENTIAL INC	COM NPV	89612W102	359	23,500	SH		SOLE		0	0	23,500
UBS GROUP AG	SHS	H42097107	220	12,300	SH		SOLE		0	0	12,300
UGI CORP NEW	COM	902681105	264	5,750	SH		SOLE		0	0	5,750
UNION PAC CORP	COM	907818108	4,564	18,117	SH		SOLE		0	0	18,117
UNITED PARCEL SERVICE INC	CL B	911312106	742	3,460	SH		SOLE		0	0	3,460
UNITEDHEALTH GROUP INC	COM	91324P102	612	1,219	SH		SOLE		0	0	1,219
UNIVAR SOLUTIONS INC	COM	91336L107	473	16,700	SH		SOLE		0	0	16,700
URSTADT BIDDLE PPTYS INC	CL A	917286205	1,464	68,735	SH		SOLE		0	0	68,735
URSTADT BIDDLE PPTYS INC	COM	917286106	626	32,682	SH		SOLE		0	0	32,682
US BANCORP DEL	COM NEW	902973304	506	9,000	SH		SOLE		0	0	9,000
VANECK ETF TRUST	FALLEN ANGEL HG	92189F437	728	22,066	SH		SOLE		0	0	22,066
VANECK MERK GOLD TR	GOLD TRUST	921078101	409	23,000	SH		SOLE		0	0	23,000
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	736	9,100	SH		SOLE		0	0	9,100
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	3,816	20,866	SH		SOLE		0	0	20,866
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	11,312	25,911	SH		SOLE		0	0	25,911
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	64,550	267,356	SH		SOLE		0	0	267,356
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	347	2,305	SH		SOLE		0	0	2,305
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	1,495	12,886	SH		SOLE		0	0	12,886
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	1,827	10,217	SH		SOLE		0	0	10,217
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	855	17,295	SH		SOLE		0	0	17,295
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	4,528	42,144	SH		SOLE		0	0	42,144
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	1,761	28,735	SH		SOLE		0	0	28,735
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	614	4,581	SH		SOLE		0	0	4,581
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	17,314	154,434	SH		SOLE		0	0	154,434
VANGUARD WORLD FD	MEGA CAP INDEX	921910873	3,544	21,086	SH		SOLE		0	0	21,086
VANGUARD WORLD FDS	UTILITIES ETF	92204A876	1,439	9,200	SH		SOLE		0	0	9,200
VANGUARD WORLD FDS	HEALTH CAR ETF	92204A504	3,754	14,090	SH		SOLE		0	0	14,090
VANGUARD WORLD FDS	INF TECH ETF	92204A702	19,135	41,763	SH		SOLE		0	0	41,763
VANGUARD WORLD FDS	FINANCIALS ETF	92204A405	1,203	12,460	SH		SOLE		0	0	12,460
VERIZON COMMUNICATIONS INC	COM	92343V104	4,145	79,766	SH		SOLE		0	0	79,766
VISA INC	COM CL A	92826C839	1,201	5,544	SH		SOLE		0	0	5,544
VMWARE INC	CL A COM	928563402	2,026	17,482	SH		SOLE		0	0	17,482
WALMART INC	COM	931142103	1,073	7,419	SH		SOLE		0	0	7,419
WASTE MGMT INC DEL	COM	94106L109	1,241	7,436	SH		SOLE		0	0	7,436
WEYERHAEUSER CO MTN BE	COM NEW	962166104	7,264	176,391	SH		SOLE		0	0	176,391
WHIRLPOOL CORP	COM	963320106	340	1,450	SH		SOLE		0	0	1,450
WISDOMTREE TR	EMG MKTS SMCAP	97717W281	10,534	199,063	SH		SOLE		0	0	199,063
WOODWARD INC	COM	980745103	1,270	11,600	SH		SOLE		0	0	11,600
WORLD GOLD TR	SPDR GLD MINIS	98149E204	2,082	114,500	SH		SOLE		0	0	114,500
XILINX INC	COM	983919101	233	1,100	SH		SOLE		0	0	1,100