Baker Boyer National Bank Investment Activity in Q2 2026

A comprehensive review of Baker Boyer National Bank's investment activities for the second quarter ending June 30, 2026, reveals significant shifts in its holdings. The bank's portfolio saw notable changes across various asset classes and sectors during this period.

Significant Purchases This Quarter

Baker Boyer National Bank demonstrated substantial buying activity through the quarter, most notably increasing its stake in DFA World Ex-U.S. Core Equity 2 ETF (DFAX). The bank added DFAX shares by approximately 10.64%, indicating confidence in international developed markets outside the United States.

Furthermore, there was a significant increase in holdings of DFA U.S. Core Equity 2 ETF (DFAC). The bank boosted its DFAC position by about 3.17% through the quarter, suggesting continued strong interest in US large-cap core equities.

The investor also initiated new positions with several ETFs during Q2. Notable additions include iShares Russell 1000 Growth ETF (IWF), DFA US High Profitability ETF (DUHP), Freedom 100 Emerging Markets ETF (FRDM), and Avantis US Large Cap Value ETF (AVLV). These purchases signal a diversification effort or an adjustment in the bank's strategic allocation towards specific growth, value, and emerging market exposures.

Major Sales Observed

Baker Boyer National Bank reduced its exposure significantly during Q2. The most substantial sale was observed in Paccar Inc (PCAR), an Industrials stock. The bank disposed of approximately 87.28% of its PCAR position, a sharp decline reflecting major divestment activity.

The Technology sector also saw significant reduction via the sale of Microsoft Corp (MSFT). The bank sold about 49.53% of its MSFT stake during the quarter, representing a notable decrease in concentration within this sector.

Additionally, while not initiating new positions entirely, the bank also saw reductions in existing holdings like DFA Emerging Mkts Core Equity ETF (DFAE) and Apple Inc (AAPL). These decreases show active management of specific equity exposures throughout the quarter.

Overall Portfolio Changes

The portfolio's total value stood at $362,571,344 as of June 30, 2026. The changes observed in holdings reflect a dynamic investment strategy focused on quarterly adjustments based on market opportunities and risk management considerations.

• SPY saw no change in shares during the quarter, maintaining its position at 1.69% allocation.
• The bond market received attention with purchases of Fidelity Total Bond ETF (FBND) and Vanguard Muni Bond Tax Exempt ETF (VTEB), both showing positive share changes.

While the data provided focuses on specific transactions, it doesn't detail activity for all 91 holdings. For a complete picture of portfolio turnover or other metrics like expense ratios, further analysis would be required using more comprehensive datasets.