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Livermore
Livermore
ZHEN

Baker Boyer National Bank

SEC CIK
0001079398
Latest filing
Jul 27, 2026

The latest 13F from Baker Boyer National Bank covers Q2 2026 (filed Jul 27, 2026): 94 long positions worth $364.1M. The top 10 holdings make up 80.5% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 22.8%. Livermore has 20 filings on Form 13F from this institution, going back to Q2 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
10
Est. +$3.36M
Added
30
Est. +$12.2M
Reduced
31
Est. −$9.83M
Sold out
7
Est. −$2.54M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    22.8%$82.9M
  2. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    19.7%$71.8M
  3. Vanguard Mun BD FDS922907746
    16.6%$60.4M
  4. Dimensional ETF Trust25434V724
    6.6%$24.0M
  5. Fidelity Merrimack STR Tr316188309
    5.3%$19.2M

Share of portfolio

Top 5 holdings and the other 89 positions, by share of portfolio value

  1. Dimensional U.S. Core Equity 2 ETF22.8%
  2. Dimensional World Ex U.S. Core Equity 2 ETF19.7%
  3. Vanguard Mun BD FDS16.6%
  4. Dimensional ETF Trust6.6%
  5. Fidelity Merrimack STR Tr5.3%
  6. Other 89 positions29.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    +$6.91MAdded
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    +$2.55MAdded
  3. Vanguard Mun BD FDS922907746
    +$1.15MAdded
  4. Ea Series Trust02072Q176
    +$960.5KNew
  5. Fidelity Merrimack STR Tr316188309
    +$537.0KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    +1.74 pp18.0% → 19.7%
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    +1.62 pp21.1% → 22.8%
  3. Ea Series Trust02072Q176
    +0.26 pp0.0% → 0.3%
  4. iShares MSCI USA Momentum Factor ETF46432F396
    +0.21 pp0.7% → 0.9%
  5. AMDAdvanced Micro Devices Inc
    +0.17 pp0.1% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PCARPaccar Inc
    −$3.83MReducedHistory
  2. MSFTMicrosoft Corp
    −$3.79MReducedHistory
  3. HONHoneywell International Inc
    −$584.3KSold outHistory
  4. IAUiShares Gold Trust
    −$519.7KSold outHistory
  5. XOMExxonMobil Holdings Corp
    −$443.7KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MSFTMicrosoft Corp
    −1.22 pp2.3% → 1.1%History
  2. PCARPaccar Inc
    −1.11 pp1.3% → 0.2%History
  3. Dimensional ETF Trust25434V807
    −0.27 pp3.3% → 3.0%
  4. XOMExxonMobil Holdings Corp
    −0.22 pp0.4% → 0.2%History
  5. HONHoneywell International Inc
    −0.18 pp0.2% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$364.1M
+$31.3M (+9.4%) vs. prior quarter
Positions
94
+3 vs. prior quarter
Top 10 concentration
80.5%
Top 10 as share of value
Turnover
3.6%
Q2 2026, one quarter
Average holding period
18.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q2 2021), so positions held before then are understated.

13F filings by quarter

20 quarters, going back to Q2 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $364.1M (Q2 2026)

Q2 2021: $197.2MQ4 2021: $217.6MQ1 2022: $207.8MQ2 2022: $197.2MQ3 2022: $225.3MQ4 2022: $238.2MQ1 2023: $259.5MQ2 2023: $270.4MQ3 2023: $246.0MQ4 2023: $272.1MQ1 2024: $290.4MQ2 2024: $286.2MQ3 2024: $298.0MQ4 2024: $289.5MQ1 2025: $271.1MQ2 2025: $290.0MQ3 2025: $301.0MQ4 2025: $331.2MQ1 2026: $332.8MQ2 2026: $364.1M
Q2 2021Q2 2026
13F filings of Baker Boyer National Bank by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 202694$364.1MDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFVanguard Mun BD FDSvs. Q1 2026SEC
Q1 2026Apr 28, 202691$332.8MDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFVanguard Mun BD FDSvs. Q4 2025SEC
Q4 2025Feb 3, 202694$331.2MDimensional U.S. Core Equity 2 ETFVanguard Mun BD FDSDimensional World Ex U.S. Core Equity 2 ETFvs. Q3 2025SEC
Q3 2025Nov 5, 202580$301.0MDimensional U.S. Core Equity 2 ETFVanguard Mun BD FDSDimensional World Ex U.S. Core Equity 2 ETFvs. Q2 2025SEC
Q2 2025Jul 28, 202578$290.0MDimensional U.S. Core Equity 2 ETFVanguard Mun BD FDSDimensional World Ex U.S. Core Equity 2 ETFvs. Q1 2025SEC
Q1 2025Apr 29, 202573$271.1MDimensional U.S. Core Equity 2 ETFVanguard Mun BD FDSDimensional World Ex U.S. Core Equity 2 ETFvs. Q4 2024SEC
Q4 2024Jan 23, 202579$289.5MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q3 2024SEC
Q3 2024Oct 18, 202478$298.0MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q2 2024SEC
Q2 2024Aug 7, 202474$286.2MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q1 2024SEC
Q1 2024Apr 12, 202480$290.4MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q4 2023SEC
Q4 2023Jan 12, 202479$272.1MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q3 2023SEC
Q3 2023Oct 12, 202380$246.0MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q2 2023SEC
Q2 2023Jul 11, 202383$270.4MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q1 2023SEC
Q1 2023Apr 17, 202380$259.5MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q4 2022SEC
Q4 2022Jan 23, 202379$238.2MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q3 2022SEC
Q3 2022Oct 14, 202279$225.3MVanguard Mun BD FDSDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFvs. Q2 2022SEC
Q2 2022Jul 8, 202281$197.2MDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q1 2022SEC
Q1 2022Apr 15, 202281$207.8MDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFAAPLvs. Q4 2021SEC
Q4 2021Jan 24, 202285$217.6MDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFAAPL–SEC
Q2 2021Jul 7, 202281$197.2MDimensional U.S. Core Equity 2 ETFDimensional World Ex U.S. Core Equity 2 ETFDimensional ETF Trust–SEC