Instuitional Investor - Baker Ellis Asset Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		251,964	$59,770,881	9.57%
2.	Berkshire Hathaway Inc	BRK.A	65,543	$23,376,704	3.74%
3.	Microsoft Corp	MSFT	53,085	$19,961,912	3.19%
4.	Vanguard Whitehall Funds		160,917	$17,963,127	2.87%
5.	Vanguard World Fund		36,481	$17,656,804	2.82%