Q4 2024 · 13F-HR
Baldwin Investment Management, LLCholdings as filed
Filed 2025-02-14 · accession 0001346378-25-000001
$767.9M
Reported value
199
Positions
2024-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 084990175 | — | Berkshire Hathaway Cl A | $380.0M | 49.5% | 558 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Limited | $18.4M | 2.40% | 79,404 | Common | SOLE |
| 037833100 | AAPL | Apple Inc | $18.2M | 2.37% | 72,533 | Common | SOLE |
| 67066G104 | NVDA | Nvidia Corp | $15.8M | 2.05% | 117,384 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $13.0M | 1.69% | 30,730 | Common | SOLE |
| 46625H100 | JPM | J.P. Morgan Chase & Co | $11.3M | 1.47% | 47,182 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $9.0M | 1.18% | 41,189 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Corporation | $8.7M | 1.14% | 9,540 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc B | $8.5M | 1.11% | 18,855 | Common | SOLE |
| 512807306 | LRCX | Lam Research Corp | $7.4M | 0.97% | 103,042 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $6.9M | 0.89% | 8,887 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc Class A | $6.4M | 0.84% | 34,045 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners | $5.9M | 0.77% | 187,625 | Common | NONE |
| 92826C839 | V | Visa Inc. | $5.7M | 0.74% | 18,086 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corporation | $5.3M | 0.70% | 49,732 | Common | SOLE |
| 92532F100 | VRTX | Vertex Pharmaceuticals | $5.1M | 0.66% | 12,559 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical | $5.0M | 0.66% | 9,657 | Common | SOLE |
| G54950103 | LIN | Linde PLC | $5.0M | 0.64% | 11,827 | Common | SOLE |
| 00287Y109 | ABBV | Abbvie Inc | $4.9M | 0.64% | 27,533 | Common | SOLE |
| 09290D101 | BLK | Blackrock Inc | $4.8M | 0.63% | 4,724 | Common | SOLE |
| 922908363 | VOO | Vanguard S&P 500 Etf | $4.7M | 0.62% | 8,799 | Common | SOLE |
| 78409V104 | SPGI | S&P Global Inc | $4.7M | 0.62% | 9,492 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific | $4.6M | 0.60% | 8,879 | Common | SOLE |
| G1151C101 | ACN | Accenture Plc | $4.6M | 0.60% | 13,106 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $4.6M | 0.59% | 27,945 | Common | SOLE |
| 437076102 | HD | Home Depot Inc | $4.4M | 0.57% | 11,322 | Common | SOLE |
| 78462F103 | SPY | S&P DEP Receipts | $4.2M | 0.55% | 7,147 | Common | NONE |
| 002824100 | ABT | Abbott Laboratories | $4.0M | 0.53% | 35,744 | Common | SOLE |
| 75513E101 | RTX | RTX Corp | $3.9M | 0.51% | 33,691 | Common | SOLE |
| 92537N108 | VRT | Vertiv Holdings Co | $3.7M | 0.48% | 32,538 | Common | SOLE |
| G29183103 | ETN | Eaton Corp | $3.6M | 0.47% | 10,979 | Common | SOLE |
| 38141G104 | GS | Goldman Sachs Group Inc | $3.5M | 0.46% | 6,178 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $3.5M | 0.46% | 15,494 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc Class C | $3.2M | 0.41% | 16,617 | Common | SOLE |
| 235851102 | DHR | Danaher Corp | $3.1M | 0.40% | 13,388 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufacturing ADR | $3.1M | 0.40% | 15,478 | Common | SOLE |
| 697435105 | PANW | Palo Alto Networks | $2.9M | 0.38% | 16,111 | Common | SOLE |
| 09260D107 | BX | Blackstone Inc | $2.9M | 0.38% | 16,921 | Common | SOLE |
| 337738108 | FISV | Fiserv Inc | $2.9M | 0.38% | 14,200 | Common | NONE |
| 00724F101 | ADBE | Adobe Inc | $2.8M | 0.37% | 6,387 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc | $2.8M | 0.37% | 7,795 | Common | SOLE |
| 617446448 | MS | Morgan Stanley & Co | $2.6M | 0.34% | 20,803 | Common | SOLE |
| 548661107 | LOW | Lowes Companies Inc | $2.6M | 0.34% | 10,456 | Common | SOLE |
| 099724106 | BWA | Borg Warner Inc | $2.6M | 0.33% | 80,348 | Common | SOLE |
| 65339F101 | NEE | Nextera Energy | $2.5M | 0.33% | 35,438 | Common | SOLE |
| 871607107 | SNPS | Synopsys Inc | $2.4M | 0.32% | 5,042 | Common | SOLE |
| 03027X100 | AMT | American Tower REIT | $2.4M | 0.32% | 13,200 | Common | SOLE |
| 94106L109 | WM | Waste Management Inc | $2.4M | 0.31% | 11,786 | Common | SOLE |
| 892356106 | TSCO | Tractor Supply Company | $2.3M | 0.30% | 43,760 | Common | NONE |
| 14040H105 | COF | Capital One Financial | $2.2M | 0.28% | 12,200 | Common | SOLE |
| 494368103 | KMB | Kimberly Clark Corp | $2.1M | 0.28% | 16,335 | Common | SOLE |
| 922908769 | VTI | Vanguard Total Stock Market ETF | $2.1M | 0.28% | 7,373 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $2.1M | 0.28% | 14,698 | Common | SOLE |
| 872590104 | TMUS | T-Mobile US | $2.1M | 0.27% | 9,517 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $2.0M | 0.26% | 49,532 | Common | SOLE |
| 670100205 | NVO | Novo Nordisk | $1.9M | 0.24% | 21,740 | Common | NONE |
| 464287804 | IJR | iShares S&P Smallcap 600 | $1.8M | 0.24% | 15,720 | Common | SOLE |
| 872540109 | TJX | TJX Inc | $1.7M | 0.23% | 14,435 | Common | SOLE |
| 713448108 | PEP | Pepsico Inc. | $1.7M | 0.23% | 11,448 | Common | SOLE |
| 21036P108 | STZ | Constellation Brands Inc | $1.7M | 0.22% | 7,727 | Common | SOLE |
| 456788108 | INFY | Infosys Technologies Ltd | $1.7M | 0.22% | 77,224 | Common | NONE |
| 45104G104 | IBN | Icici Bank Ltd Adr | $1.7M | 0.22% | 56,158 | Common | SOLE |
| 90384S303 | ULTA | Ulta Beauty Inc. | $1.7M | 0.22% | 3,803 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp | $1.6M | 0.21% | 5,615 | Common | SOLE |
| 654106103 | NKE | Nike Inc | $1.6M | 0.21% | 21,197 | Common | SOLE |
| 921909768 | VXUS | Vanguard Total Interntl Stk | $1.6M | 0.20% | 26,710 | Common | SOLE |
| 438516106 | HON | Honeywell International | $1.5M | 0.20% | 6,663 | Common | SOLE |
| 539830109 | LMT | Lockheed Martin Corp | $1.5M | 0.20% | 3,094 | Common | SOLE |
| 237194105 | DRI | Darden Restaurants Inc | $1.5M | 0.20% | 8,028 | Common | SOLE |
| 34959J108 | FTV | Fortive Corp | $1.5M | 0.19% | 19,510 | Common | SOLE |
| 45866F104 | ICE | Intercontinental Exchange | $1.4M | 0.18% | 9,490 | Common | SOLE |
| 25278X109 | FANG | Diamondback Energy | $1.4M | 0.18% | 8,532 | Common | SOLE |
| 592688105 | MTD | Mettler Toledo Intl Inc | $1.4M | 0.18% | 1,133 | Common | SOLE |
| 025816109 | AXP | American Express Co | $1.4M | 0.18% | 4,637 | Common | SOLE |
| 922908538 | VOT | Vanguard Mid Cap Growth | $1.4M | 0.18% | 5,399 | Common | NONE |
| 91324P102 | UNH | UnitedHealth Group | $1.4M | 0.18% | 2,706 | Common | SOLE |
| H1467J104 | CB | Chubb Corp. | $1.4M | 0.18% | 4,905 | Common | SOLE |
| N6596X109 | NXPI | NXP Semiconductors N.V. | $1.3M | 0.17% | 6,412 | Common | SOLE |
| 922908512 | VOE | Vanguard Mid Cap Value | $1.3M | 0.17% | 8,157 | Common | NONE |
| 46429B598 | INDA | Ishares MSCI India Index | $1.3M | 0.17% | 24,655 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $1.3M | 0.17% | 8,831 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp | $1.3M | 0.17% | 7,643 | Common | SOLE |
| 336433107 | FSLR | First Solar Inc | $1.3M | 0.17% | 7,217 | Common | SOLE |
| 35671D857 | FCX | Freeport McMoRan | $1.3M | 0.16% | 33,174 | Common | NONE |
| 609207105 | MDLZ | Mondelez International | $1.2M | 0.16% | 20,806 | Common | SOLE |
| 244199105 | DE | Deere & Co | $1.2M | 0.16% | 2,866 | Common | SOLE |
| 12572Q105 | CME | CME Group Inc | $1.2M | 0.16% | 5,170 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $1.2M | 0.16% | 2,050 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $1.2M | 0.16% | 13,078 | Common | SOLE |
| 502431109 | LHX | L3Harris Technologies | $1.2M | 0.15% | 5,492 | Common | SOLE |
| 573874104 | MRVL | Marvell Technology Group | $1.1M | 0.15% | 10,310 | Common | NONE |
| 74340W103 | PLD | Prologis Inc | $1.1M | 0.14% | 10,278 | Common | SOLE |
| 04010L103 | ARCC | Ares Capital Corp | $1.1M | 0.14% | 49,621 | Common | SOLE |
| 459200101 | IBM | International Business Machines Corp | $1.1M | 0.14% | 4,836 | Common | NONE |
| 052769106 | ADSK | Autodesk Inc | $1.1M | 0.14% | 3,579 | Common | SOLE |
| 46137V357 | RSP | Rydex S&P Equal Weight ETF | $1.0M | 0.14% | 5,936 | Common | SOLE |
| G8994E103 | TT | Trane Technologies Plc | $1.0M | 0.14% | 2,816 | Common | SOLE |
| 922908611 | VBR | Vanguard Small Cap Value | $1.0M | 0.13% | 5,219 | Common | SOLE |
| 842587107 | SO | Southern Company | $1.0M | 0.13% | 12,527 | Common | SOLE |
| 254687106 | DIS | Walt Disney Co | $1.0M | 0.13% | 9,176 | Common | SOLE |
| G93A5A101 | VIK | Viking Holdings | $974,387 | 0.13% | 22,115 | Common | SOLE |
| 22052L104 | CTVA | Corteva Agriscience Inc | $951,460 | 0.12% | 16,704 | Common | NONE |
| 929160109 | VMC | Vulcan Materials Company | $942,233 | 0.12% | 3,663 | Common | NONE |
| 988498101 | YUM | Yum! Brands Inc | $925,570 | 0.12% | 6,899 | Common | SOLE |
| 009158106 | APD | Air Products and Chemicals Inc | $915,076 | 0.12% | 3,155 | Common | NONE |
| 57636Q104 | MA | Mastercard Inc | $911,493 | 0.12% | 1,731 | Common | NONE |
| 783513203 | RYAAY | RyanAir Holdings PLC | $895,862 | 0.12% | 20,552 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $875,484 | 0.11% | 19,920 | Common | NONE |
| 82509L107 | SHOP | Shopify Inc | $872,757 | 0.11% | 8,208 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co Inc | $809,270 | 0.11% | 8,135 | Common | SOLE |
| 46982L108 | J | Jacobs Solutions Inc | $791,030 | 0.10% | 5,920 | Common | NONE |
| 08265T208 | BSY | Bentley Systems | $781,920 | 0.10% | 16,743 | Common | SOLE |
| 101137107 | BSX | Boston Scientific Corp | $780,657 | 0.10% | 8,740 | Common | SOLE |
| 830566105 | SKAA | Skechers USA Inc | $778,303 | 0.10% | 11,575 | Common | SOLE |
| 127055101 | CBT | Cabot Corporation | $772,026 | 0.10% | 8,455 | Common | NONE |
| 464287499 | IWR | iShares Russell Midcap Index Fd | $754,229 | 0.10% | 8,532 | Common | SOLE |
| 58155Q103 | MCK | McKesson Corp | $752,281 | 0.10% | 1,320 | Common | SOLE |
| 81369Y803 | XLK | Technology Select Sector SPDR Fund | $742,901 | 0.10% | 3,195 | Common | SOLE |
| 808524797 | SCHD | Schwab US Dividend Equity ETF | $742,901 | 0.10% | 27,193 | Common | SOLE |
| 14448C104 | CARR | Carrier Global Corp | $740,962 | 0.10% | 10,855 | Common | NONE |
| 26441C204 | DUK | Duke Energy Corp. | $737,588 | 0.10% | 6,846 | Common | SOLE |
| 172908105 | CTAS | Cintas Corp | $730,800 | 0.10% | 4,000 | Common | SOLE |
| 931142103 | WMT | Wal-Mart Stores Inc. | $726,143 | 0.09% | 8,037 | Common | SOLE |
| G0750C108 | AXTA | Axalta Coating Systems | $702,571 | 0.09% | 20,531 | Common | SOLE |
| 921908844 | VIG | Vanguard Dividend Appreciation ETF | $675,837 | 0.09% | 3,451 | Common | SOLE |
| 89677Q107 | TCOM | Trip.com Group Ltd | $675,683 | 0.09% | 9,841 | Common | SOLE |
| G16258108 | BEP | Brookfield Renewable Partners LP | $657,081 | 0.09% | 28,832 | Common | SOLE |
| 882508104 | TXN | Texas Instruments, Inc. | $650,660 | 0.08% | 3,470 | Common | SOLE |
| 773903109 | ROK | Rockwell Automation | $637,597 | 0.08% | 2,231 | Common | SOLE |
| 808524607 | SCHA | Schwab US Small Cap ETF | $618,244 | 0.08% | 23,907 | Common | SOLE |
| 749685103 | RPM | RPM International Inc | $615,300 | 0.08% | 5,000 | Common | SOLE |
| 464287655 | IWM | Ishares Tr Russell 2000 Index Fd | $614,932 | 0.08% | 2,783 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co. | $603,411 | 0.08% | 3,599 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp | $601,156 | 0.08% | 16,018 | Common | SOLE |
| 053015103 | ADP | Automatic Data Processing Inc | $599,218 | 0.08% | 2,047 | Common | SOLE |
| N07059210 | ASML | ASML Holdings NV | $597,435 | 0.08% | 862 | Common | SOLE |
| 824348106 | SHW | Sherwin Williams Co | $597,257 | 0.08% | 1,757 | Common | SOLE |
| 693475105 | PNC | PNC Financial Services Group Inc | $585,493 | 0.08% | 3,036 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $571,100 | 0.07% | 2,030 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $568,637 | 0.07% | 9,427 | Common | SOLE |
| 46266C105 | IQV | Iqvia Holdings Inc | $563,001 | 0.07% | 2,865 | Common | SOLE |
| 46434G822 | EWJ | iShares MSCI Japan Index Fund | $562,969 | 0.07% | 8,390 | Common | SOLE |
| 231021106 | CMI | Cummins Inc | $561,246 | 0.07% | 1,610 | Common | SOLE |
| 68902V107 | OTIS | Otis Worldwide Corp | $556,308 | 0.07% | 6,007 | Common | NONE |
| 464287176 | TIP | iShares TIPS Bond Fund | $554,060 | 0.07% | 5,200 | Common | SOLE |
| 191216100 | KO | Coca Cola Co. | $549,133 | 0.07% | 8,820 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb | $531,607 | 0.07% | 9,399 | Common | NONE |
| 26969P108 | EXP | Eagle Materials Inc | $518,196 | 0.07% | 2,100 | Common | NONE |
| 95040Q104 | WELL | Welltower Inc | $507,523 | 0.07% | 4,027 | Common | SOLE |
| H8088L103 | SRAD | Sportradar Group | $504,889 | 0.07% | 29,117 | Common | SOLE |
| 670346105 | NUE | Nucor Corp | $500,102 | 0.07% | 4,285 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc | $493,858 | 0.06% | 8,342 | Common | SOLE |
| M22465104 | CHKP | Check Point Software Technologies | $487,660 | 0.06% | 2,612 | Common | SOLE |
| 36266G107 | GEHC | GE Healthcare Technologies | $486,520 | 0.06% | 6,223 | Common | SOLE |
| 922042858 | VWO | Vanguard FTSE Emerging Mkt ETF | $486,141 | 0.06% | 11,039 | Common | SOLE |
| 717081103 | PFE | Pfizer Inc. | $476,956 | 0.06% | 17,978 | Common | SOLE |
| 808524805 | SCHF | Schwab International Equity Fund | $476,944 | 0.06% | 25,781 | Common | SOLE |
| 525327102 | LDOS | Leidos Holdings Inc | $468,195 | 0.06% | 3,250 | Common | SOLE |
| 132061201 | SYLD | Cambria Shareholder Yield ETF | $442,432 | 0.06% | 6,462 | Common | SOLE |
| 780259305 | SHEL | SHELL ADR EACH REP 2 ORD WI | $438,174 | 0.06% | 6,994 | Common | SOLE |
| 020002101 | ALL | Allstate Corp | $413,342 | 0.05% | 2,144 | Common | SOLE |
| 24703L202 | DELL | Dell Inc | $397,924 | 0.05% | 3,453 | Common | SOLE |
| 878742204 | TECK | Teck Resources Ltd | $391,520 | 0.05% | 9,660 | Common | SOLE |
| 701094104 | PH | Parker Hannifin Corp | $383,526 | 0.05% | 603 | Common | SOLE |
| 025072877 | AVUV | Avantis US Small Cap Value ETF | $382,791 | 0.05% | 3,966 | Common | SOLE |
| 871829107 | SYY | Sysco Corp | $373,125 | 0.05% | 4,880 | Common | NONE |
| 36262G101 | GXO | GXO Logistics Inc | $346,304 | 0.05% | 7,961 | Common | SOLE |
| 165167735 | EXE | Expand Energy Corp | $345,239 | 0.04% | 3,468 | Common | SOLE |
| 465562106 | ITUB | Itau UniBanco Multiplo ADR | $335,246 | 0.04% | 67,590 | Common | SOLE |
| 464287465 | EFA | iShares MSCI EAFE Index Fund | $334,801 | 0.04% | 4,428 | Common | SOLE |
| 464287721 | IYW | iShares Trust Dow Jones US Tech Fund | $323,826 | 0.04% | 2,030 | Common | SOLE |
| G0403H108 | AON | Aon PLC | $323,244 | 0.04% | 900 | Common | SOLE |
| 92338C103 | VLTO | VERALTO ORD WI | $317,061 | 0.04% | 3,113 | Common | SOLE |
| 194162103 | CL | Colgate Palmolive Co | $307,276 | 0.04% | 3,380 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City Ltd | $302,868 | 0.04% | 4,185 | Common | SOLE |
| 718546104 | PSX | Phillips 66 | $296,218 | 0.04% | 2,600 | Common | SOLE |
| 404280406 | HSBC | HSBC PLC Spon ADR | $289,687 | 0.04% | 5,857 | Common | SOLE |
| 260003108 | DOV | Dover Corp | $272,020 | 0.04% | 1,450 | Common | SOLE |
| 056752108 | BIDU | Baidu Inc ADR | $271,141 | 0.04% | 3,216 | Common | SOLE |
| 45257U108 | IMNM | Immunome, Inc. | $269,684 | 0.04% | 25,394 | Common | SOLE |
| 81369Y704 | XLI | Industrial Select Sector SPDR Fund | $266,155 | 0.03% | 2,020 | Common | SOLE |
| 22788C105 | CRWD | Crowdstrike Hldgs Inc | $261,752 | 0.03% | 765 | Common | SOLE |
| 744573106 | PEG | Public Service Enterprise Group | $258,708 | 0.03% | 3,062 | Common | SOLE |
| 126408103 | CSX | C S X Corp | $257,289 | 0.03% | 7,973 | Common | SOLE |
| 922908629 | VO | Vanguard Mid-Cap ETF | $254,934 | 0.03% | 965 | Common | SOLE |
| 693718108 | PCAR | Paccar Inc | $252,561 | 0.03% | 2,428 | Common | NONE |
| 143658300 | CCL1EUR | Carnival Corp | $245,138 | 0.03% | 9,837 | Common | SOLE |
| 803607100 | SRPT | Sarepta Therapeutics Inc | $243,180 | 0.03% | 2,000 | Common | NONE |
| 23804L103 | DDOG | Datadog Inc | $242,913 | 0.03% | 1,700 | Common | SOLE |
| 127097103 | CTRA | Coterra Energy Inc | $240,338 | 0.03% | 9,410 | Common | NONE |
| 219350105 | GLW | Corning Inc | $237,600 | 0.03% | 5,000 | Common | SOLE |
| 704326107 | PAYX | Paychex Inc | $231,363 | 0.03% | 1,650 | Common | SOLE |
| 29444U700 | EQIX | Equinix Inc | $222,522 | 0.03% | 236 | Common | SOLE |
| 48251W104 | KKR | KKR & Co LP | $221,865 | 0.03% | 1,500 | Common | NONE |
| 98419M100 | XYL | Xylem Inc | $221,482 | 0.03% | 1,909 | Common | NONE |
| 949746101 | WMT2 | Wells Fargo & Co. | $221,445 | 0.03% | 3,153 | Common | SOLE |
| 983134107 | WYNN | Wynn Resorts | $215,831 | 0.03% | 2,505 | Common | SOLE |
| 743315103 | PGR | Progressive Corp | $212,534 | 0.03% | 887 | Common | SOLE |
| 921943858 | VEA | Vanguard FTSE Developed Markets ETF | $200,095 | 0.03% | 4,184 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.