Q1 2025 · 13F-HR
Baldwin Investment Management, LLCholdings as filed
Filed 2025-05-07 · accession 0001346378-25-000002
$831.9M
Reported value
200
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 084670108 | BRK/A | Berkshire Hathaway Inc A | $443.9M | 53.4% | 556 | Common | SOLE |
| 037833100 | AAPL | Apple Inc | $16.0M | 1.92% | 72,062 | Common | SOLE |
| 67066G104 | NVDA | Nvidia Corp | $13.7M | 1.64% | 126,131 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Limited | $13.2M | 1.59% | 78,825 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $12.4M | 1.49% | 32,970 | Common | SOLE |
| 46625H100 | JPM | J.P. Morgan Chase & Co | $12.1M | 1.45% | 49,336 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc B | $10.2M | 1.23% | 19,170 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Corporation | $9.4M | 1.13% | 9,929 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $8.0M | 0.97% | 42,199 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $7.8M | 0.93% | 9,398 | Common | SOLE |
| 92826C839 | V | Visa Inc. | $7.7M | 0.93% | 22,006 | Common | SOLE |
| 512807306 | LRCX | Lam Research Corp | $7.4M | 0.89% | 101,407 | Common | SOLE |
| 92532F100 | VRTX | Vertex Pharmaceuticals | $6.7M | 0.81% | 13,830 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corporation | $6.6M | 0.80% | 55,648 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners | $6.6M | 0.79% | 192,615 | Common | NONE |
| 00287Y109 | ABBV | Abbvie Inc | $5.8M | 0.70% | 27,905 | Common | SOLE |
| G54950103 | LIN | Linde PLC | $5.7M | 0.69% | 12,346 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc Class A | $5.4M | 0.65% | 35,234 | Common | SOLE |
| 78409V104 | SPGI | S&P Global Inc | $5.0M | 0.60% | 9,849 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $5.0M | 0.60% | 37,455 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical | $4.9M | 0.59% | 9,976 | Common | SOLE |
| 922908363 | VOO | Vanguard S&P 500 Etf | $4.5M | 0.54% | 8,764 | Common | SOLE |
| 75513E101 | RTX | RTX Corp | $4.5M | 0.54% | 33,701 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific | $4.4M | 0.53% | 8,934 | Common | SOLE |
| 09290D101 | BLK | Blackrock Inc | $4.3M | 0.52% | 4,546 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $4.2M | 0.50% | 25,360 | Common | SOLE |
| G1151C101 | ACN | Accenture Plc | $4.1M | 0.49% | 13,001 | Common | SOLE |
| 437076102 | HD | Home Depot Inc | $4.0M | 0.48% | 10,909 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $3.9M | 0.46% | 16,350 | Common | SOLE |
| 38141G104 | GS | Goldman Sachs Group Inc | $3.4M | 0.41% | 6,243 | Common | SOLE |
| G29183103 | ETN | Eaton Corp | $3.4M | 0.40% | 12,344 | Common | SOLE |
| 697435105 | PANW | Palo Alto Networks | $3.2M | 0.39% | 19,030 | Common | SOLE |
| 337738108 | FISV | Fiserv Inc | $3.1M | 0.37% | 13,900 | Common | NONE |
| 149123101 | CAT | Caterpillar Inc | $3.0M | 0.36% | 8,990 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $3.0M | 0.36% | 17,857 | Common | SOLE |
| 03027X100 | AMT | American Tower REIT | $2.9M | 0.35% | 13,314 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $2.8M | 0.34% | 63,727 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufacturing ADR | $2.8M | 0.34% | 16,828 | Common | SOLE |
| 92537N108 | VRT | Vertiv Holdings Co | $2.8M | 0.33% | 38,431 | Common | SOLE |
| 235851102 | DHR | Danaher Corp | $2.8M | 0.33% | 13,438 | Common | SOLE |
| 78462F103 | SPY | S&P DEP Receipts | $2.7M | 0.32% | 4,818 | Common | NONE |
| 02079K107 | GOOG | Alphabet Inc Class C | $2.7M | 0.32% | 17,022 | Common | SOLE |
| 548661107 | LOW | Lowes Companies Inc | $2.6M | 0.31% | 11,206 | Common | SOLE |
| 872590104 | TMUS | T-Mobile US | $2.6M | 0.31% | 9,757 | Common | SOLE |
| 65339F101 | NEE | Nextera Energy | $2.6M | 0.31% | 36,226 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp | $2.5M | 0.30% | 8,006 | Common | NONE |
| 00724F101 | ADBE | Adobe Inc | $2.5M | 0.30% | 6,405 | Common | SOLE |
| 94106L109 | WM | Waste Management Inc | $2.4M | 0.29% | 10,486 | Common | SOLE |
| 617446448 | MS | Morgan Stanley & Co | $2.3M | 0.28% | 20,073 | Common | SOLE |
| 892356106 | TSCO | Tractor Supply Company | $2.3M | 0.28% | 42,255 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc | $2.3M | 0.28% | 4,238 | Common | SOLE |
| 872540109 | TJX | TJX Inc | $2.2M | 0.27% | 18,346 | Common | SOLE |
| 14040H105 | COF | Capital One Financial | $2.2M | 0.26% | 12,125 | Common | SOLE |
| 45104G104 | IBN | Icici Bank Ltd Adr | $2.2M | 0.26% | 68,258 | Common | SOLE |
| 494368103 | KMB | Kimberly Clark Corp | $2.1M | 0.26% | 15,022 | Common | SOLE |
| 922908769 | VTI | Vanguard Total Stock Market ETF | $2.0M | 0.25% | 7,430 | Common | SOLE |
| 871607107 | SNPS | Synopsys Inc | $2.0M | 0.24% | 4,668 | Common | SOLE |
| H1467J104 | CB | Chubb Corp. | $1.9M | 0.23% | 6,262 | Common | SOLE |
| 025816109 | AXP | American Express Co | $1.8M | 0.22% | 6,687 | Common | SOLE |
| 09260D107 | BX | Blackstone Inc | $1.8M | 0.21% | 12,781 | Common | SOLE |
| 713448108 | PEP | Pepsico Inc. | $1.7M | 0.21% | 11,412 | Common | SOLE |
| 237194105 | DRI | Darden Restaurants Inc | $1.7M | 0.20% | 8,048 | Common | SOLE |
| 099724106 | BWA | Borg Warner Inc | $1.7M | 0.20% | 58,310 | Common | SOLE |
| 45866F104 | ICE | Intercontinental Exchange | $1.7M | 0.20% | 9,584 | Common | SOLE |
| 539830109 | LMT | Lockheed Martin Corp | $1.6M | 0.19% | 3,538 | Common | SOLE |
| 464287804 | IJR | iShares S&P Smallcap 600 | $1.6M | 0.19% | 15,028 | Common | SOLE |
| 670100205 | NVO | Novo Nordisk | $1.5M | 0.19% | 22,315 | Common | NONE |
| 921909768 | VXUS | Vanguard Total Interntl Stk | $1.5M | 0.19% | 24,878 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $1.5M | 0.18% | 15,311 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $1.5M | 0.18% | 8,735 | Common | SOLE |
| 21036P108 | STZ | Constellation Brands Inc | $1.4M | 0.17% | 7,802 | Common | SOLE |
| 25278X109 | FANG | Diamondback Energy | $1.4M | 0.17% | 8,738 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International | $1.4M | 0.17% | 20,456 | Common | SOLE |
| 456788108 | INFY | Infosys Technologies Ltd | $1.4M | 0.17% | 75,974 | Common | NONE |
| 91324P102 | UNH | UnitedHealth Group | $1.4M | 0.16% | 2,589 | Common | SOLE |
| 654106103 | NKE | Nike Inc | $1.3M | 0.16% | 21,112 | Common | SOLE |
| 90384S303 | ULTA | Ulta Beauty Inc. | $1.3M | 0.16% | 3,653 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co. | $1.3M | 0.16% | 7,838 | Common | SOLE |
| 438516106 | HON | Honeywell International | $1.3M | 0.16% | 6,269 | Common | SOLE |
| 35671D857 | FCX | Freeport McMoRan | $1.3M | 0.16% | 34,334 | Common | SOLE |
| 922908512 | VOE | Vanguard Mid Cap Value | $1.3M | 0.16% | 8,094 | Common | NONE |
| 592688105 | MTD | Mettler Toledo Intl Inc | $1.3M | 0.15% | 1,083 | Common | SOLE |
| 459200101 | IBM | International Business Machines Corp | $1.3M | 0.15% | 5,136 | Common | NONE |
| 12572Q105 | CME | CME Group Inc | $1.3M | 0.15% | 4,777 | Common | SOLE |
| 922908538 | VOT | Vanguard Mid Cap Growth | $1.3M | 0.15% | 5,150 | Common | NONE |
| 842587107 | SO | Southern Company | $1.2M | 0.15% | 13,458 | Common | SOLE |
| 244199105 | DE | Deere & Co | $1.2M | 0.15% | 2,618 | Common | SOLE |
| 04010L103 | ARCC | Ares Capital Corp | $1.2M | 0.15% | 54,964 | Common | SOLE |
| G0750C108 | AXTA | Axalta Coating Systems | $1.2M | 0.14% | 36,301 | Common | SOLE |
| 717081103 | PFE | Pfizer Inc. | $1.2M | 0.14% | 45,918 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $1.2M | 0.14% | 2,007 | Common | SOLE |
| 74340W103 | PLD | Prologis Inc | $1.2M | 0.14% | 10,299 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp | $1.1M | 0.13% | 8,011 | Common | SOLE |
| 34959J108 | FTV | Fortive Corp | $1.1M | 0.13% | 15,185 | Common | SOLE |
| N6596X109 | NXPI | NXP Semiconductors N.V. | $1.1M | 0.13% | 5,722 | Common | SOLE |
| 988498101 | YUM | Yum! Brands Inc | $1.1M | 0.13% | 6,899 | Common | SOLE |
| 03073E105 | COR | Cencora Inc | $1.1M | 0.13% | 3,858 | Common | SOLE |
| 101137107 | BSX | Boston Scientific Corp | $1.1M | 0.13% | 10,600 | Common | SOLE |
| G93A5A101 | VIK | Viking Holdings | $1.1M | 0.13% | 26,455 | Common | SOLE |
| 22052L104 | CTVA | Corteva Agriscience Inc | $1.0M | 0.12% | 16,454 | Common | NONE |
| 46137V357 | RSP | Rydex S&P Equal Weight ETF | $1.0M | 0.12% | 5,951 | Common | SOLE |
| 46429B598 | INDA | Ishares MSCI India Index | $978,377 | 0.12% | 19,005 | Common | SOLE |
| 922908611 | VBR | Vanguard Small Cap Value | $947,596 | 0.11% | 5,087 | Common | SOLE |
| 336433107 | FSLR | First Solar Inc | $936,467 | 0.11% | 7,407 | Common | SOLE |
| 254687106 | DIS | Walt Disney Co | $929,690 | 0.11% | 9,419 | Common | SOLE |
| 931142103 | WMT | Wal-Mart Stores Inc. | $920,654 | 0.11% | 10,487 | Common | SOLE |
| 26441C204 | DUK | Duke Energy Corp. | $918,931 | 0.11% | 7,534 | Common | SOLE |
| 009158106 | APD | Air Products and Chemicals Inc | $915,727 | 0.11% | 3,105 | Common | NONE |
| G8994E103 | TT | Trane Technologies Plc | $915,075 | 0.11% | 2,716 | Common | SOLE |
| 191216100 | KO | Coca Cola Co. | $914,587 | 0.11% | 12,770 | Common | SOLE |
| 053015103 | ADP | Automatic Data Processing Inc | $904,063 | 0.11% | 2,959 | Common | NONE |
| 783513203 | RYAAY | RyanAir Holdings PLC | $891,973 | 0.11% | 21,052 | Common | SOLE |
| 82509L107 | SHOP | Shopify Inc | $879,180 | 0.11% | 9,208 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb | $861,941 | 0.10% | 14,132 | Common | NONE |
| 58155Q103 | MCK | McKesson Corp | $847,967 | 0.10% | 1,260 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $830,427 | 0.10% | 19,900 | Common | NONE |
| 125523100 | CI | Cigna Corporation | $824,474 | 0.10% | 2,506 | Common | SOLE |
| 172908105 | CTAS | Cintas Corp | $822,120 | 0.10% | 4,000 | Common | SOLE |
| 573874104 | MRVL | Marvell Technology Group | $821,960 | 0.10% | 13,350 | Common | SOLE |
| 929160109 | VMC | Vulcan Materials Company | $819,583 | 0.10% | 3,513 | Common | NONE |
| 90353T100 | UBER | Uber Technologies Inc | $810,203 | 0.10% | 11,120 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc | $800,515 | 0.10% | 12,972 | Common | SOLE |
| N07059210 | ASML | ASML Holdings NV | $779,916 | 0.09% | 1,177 | Common | NONE |
| 052769106 | ADSK | Autodesk Inc | $777,284 | 0.09% | 2,969 | Common | SOLE |
| 81730H109 | S | Sentinelone Inc | $740,381 | 0.09% | 40,725 | Common | SOLE |
| H8088L103 | SRAD | Sportradar Group | $721,308 | 0.09% | 33,363 | Common | SOLE |
| 502431109 | LHX | L3Harris Technologies | $715,212 | 0.09% | 3,417 | Common | SOLE |
| 14448C104 | CARR | Carrier Global Corp | $712,616 | 0.09% | 11,240 | Common | NONE |
| 464287499 | IWR | iShares Russell Midcap Index Fd | $711,440 | 0.09% | 8,363 | Common | SOLE |
| 830566105 | SKAA | Skechers USA Inc | $711,170 | 0.09% | 12,525 | Common | SOLE |
| 808524797 | SCHD | Schwab US Dividend Equity ETF | $628,480 | 0.08% | 22,478 | Common | SOLE |
| 89677Q107 | TCOM | Trip.com Group Ltd | $625,691 | 0.08% | 9,841 | Common | SOLE |
| 95040Q104 | WELL | Welltower Inc | $624,484 | 0.08% | 4,076 | Common | SOLE |
| 773903109 | ROK | Rockwell Automation | $616,495 | 0.07% | 2,386 | Common | SOLE |
| 68902V107 | OTIS | Otis Worldwide Corp | $610,634 | 0.07% | 5,917 | Common | NONE |
| G16258108 | BEP | Brookfield Renewable Partners LP | $603,461 | 0.07% | 27,232 | Common | SOLE |
| 808524805 | SCHF | Schwab International Equity Fund | $596,422 | 0.07% | 30,153 | Common | SOLE |
| M22465104 | CHKP | Check Point Software Technologies | $595,327 | 0.07% | 2,612 | Common | SOLE |
| 81369Y803 | XLK | Technology Select Sector SPDR Fund | $588,468 | 0.07% | 2,850 | Common | SOLE |
| 464287176 | TIP | iShares TIPS Bond Fund | $577,668 | 0.07% | 5,200 | Common | SOLE |
| 921908844 | VIG | Vanguard Dividend Appreciation ETF | $563,383 | 0.07% | 2,904 | Common | SOLE |
| 46434G822 | EWJ | iShares MSCI Japan Index Fund | $562,192 | 0.07% | 8,200 | Common | SOLE |
| 464287655 | IWM | Ishares Tr Russell 2000 Index Fd | $560,966 | 0.07% | 2,812 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co Inc | $558,307 | 0.07% | 6,220 | Common | SOLE |
| 24703L202 | DELL | Dell Inc | $546,718 | 0.07% | 5,998 | Common | SOLE |
| 194162103 | CL | Colgate Palmolive Co | $541,586 | 0.07% | 5,780 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp | $513,574 | 0.06% | 13,918 | Common | SOLE |
| 780259305 | SHEL | SHELL ADR EACH REP 2 ORD WI | $512,520 | 0.06% | 6,994 | Common | SOLE |
| 824348106 | SHW | Sherwin Williams Co | $512,262 | 0.06% | 1,467 | Common | SOLE |
| 693475105 | PNC | PNC Financial Services Group Inc | $497,956 | 0.06% | 2,833 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $497,799 | 0.06% | 2,042 | Common | SOLE |
| 882508104 | TXN | Texas Instruments, Inc. | $485,549 | 0.06% | 2,702 | Common | SOLE |
| 127055101 | CBT | Cabot Corporation | $484,706 | 0.06% | 5,830 | Common | NONE |
| 670346105 | NUE | Nucor Corp | $455,487 | 0.05% | 3,785 | Common | SOLE |
| 165167735 | EXE | Expand Energy Corporation | $436,152 | 0.05% | 3,918 | Common | SOLE |
| 749685103 | RPM | RPM International Inc | $428,016 | 0.05% | 3,700 | Common | SOLE |
| 26969P108 | EXP | Eagle Materials Inc | $421,667 | 0.05% | 1,900 | Common | NONE |
| 808524102 | SCHB | Schwab US Broad Market ETF | $415,068 | 0.05% | 19,279 | Common | SOLE |
| 46266C105 | IQV | Iqvia Holdings Inc | $414,834 | 0.05% | 2,353 | Common | SOLE |
| 020002101 | ALL | Allstate Corp | $412,898 | 0.05% | 1,994 | Common | SOLE |
| 922042858 | VWO | Vanguard FTSE Emerging Mkt ETF | $409,941 | 0.05% | 9,057 | Common | SOLE |
| 465562106 | ITUB | Itau UniBanco Multiplo ADR | $408,900 | 0.05% | 74,345 | Common | SOLE |
| 36262G101 | GXO | GXO Logistics Inc | $408,347 | 0.05% | 10,449 | Common | SOLE |
| 46982L108 | J | Jacobs Solutions Inc | $389,870 | 0.05% | 3,225 | Common | NONE |
| 231021106 | CMI | Cummins Inc | $388,666 | 0.05% | 1,240 | Common | SOLE |
| 525327102 | LDOS | Leidos Holdings Inc | $371,085 | 0.04% | 2,750 | Common | SOLE |
| 701094104 | PH | Parker Hannifin Corp | $366,534 | 0.04% | 603 | Common | SOLE |
| G0403H108 | AON | Aon PLC | $359,181 | 0.04% | 900 | Common | SOLE |
| 148929102 | CAVA | Cava Group Inc | $347,800 | 0.04% | 4,025 | Common | SOLE |
| 464287465 | EFA | iShares MSCI EAFE Index Fund | $345,309 | 0.04% | 4,225 | Common | SOLE |
| 404280406 | HSBC | HSBC PLC Spon ADR | $336,368 | 0.04% | 5,857 | Common | SOLE |
| 743315103 | PGR | Progressive Corp | $321,782 | 0.04% | 1,137 | Common | SOLE |
| 718546104 | PSX | Phillips 66 | $321,048 | 0.04% | 2,600 | Common | SOLE |
| 92338C103 | VLTO | VERALTO ORD WI | $313,694 | 0.04% | 3,219 | Common | SOLE |
| 056752108 | BIDU | Baidu Inc ADR | $296,889 | 0.04% | 3,226 | Common | SOLE |
| 219350105 | GLW | Corning Inc | $294,137 | 0.04% | 6,425 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City Ltd | $293,829 | 0.04% | 4,185 | Common | SOLE |
| 36266G107 | GEHC | GE Healthcare Technologies | $292,449 | 0.04% | 3,623 | Common | SOLE |
| 871829107 | SYY | Sysco Corp | $291,155 | 0.03% | 3,880 | Common | SOLE |
| 78463V107 | GLD | SPDR Gold Trust | $288,140 | 0.03% | 1,000 | Common | SOLE |
| 464287721 | IYW | iShares Trust Dow Jones US Tech Fund | $285,093 | 0.03% | 2,030 | Common | SOLE |
| G51502105 | JCI | Johnson Controls Inc | $277,902 | 0.03% | 3,469 | Common | SOLE |
| 878742204 | TECK | Teck Resources Ltd | $274,500 | 0.03% | 7,535 | Common | SOLE |
| 025072877 | AVUV | Avantis US Small Cap Value ETF | $268,855 | 0.03% | 3,084 | Common | SOLE |
| 132061201 | SYLD | Cambria Shareholder Yield ETF | $267,489 | 0.03% | 4,193 | Common | SOLE |
| 81369Y704 | XLI | Industrial Select Sector SPDR Fund | $264,761 | 0.03% | 2,020 | Common | SOLE |
| 22788C105 | CRWD | Crowdstrike Hldgs Inc | $260,909 | 0.03% | 740 | Common | SOLE |
| 260003108 | DOV | Dover Corp | $254,736 | 0.03% | 1,450 | Common | SOLE |
| 143658300 | CCL1EUR | Carnival Corp | $245,824 | 0.03% | 12,587 | Common | SOLE |
| 744573106 | PEG | Public Service Enterprise Group | $238,670 | 0.03% | 2,900 | Common | SOLE |
| 126408103 | CSX | C S X Corp | $231,997 | 0.03% | 7,883 | Common | SOLE |
| 98419M100 | XYL | Xylem Inc | $228,049 | 0.03% | 1,909 | Common | NONE |
| 949746101 | WMT2 | Wells Fargo & Co. | $226,709 | 0.03% | 3,158 | Common | SOLE |
| 747525103 | QCOM | Qualcomm Inc | $224,578 | 0.03% | 1,462 | Common | SOLE |
| 031162100 | AMGN | Amgen Inc | $219,331 | 0.03% | 704 | Common | SOLE |
| 89417E109 | TRV | Travelers Companies Inc | $211,832 | 0.03% | 801 | Common | SOLE |
| 464287507 | IJH | Ishares Tr S&P Midcap | $211,227 | 0.03% | 3,620 | Common | SOLE |
| 032654105 | ADI | Analog Devices Inc | $205,703 | 0.02% | 1,020 | Common | NONE |
| 45257U108 | IMNM | Immunome, Inc. | $170,902 | 0.02% | 25,394 | Common | SOLE |
| 60687Y109 | MFG | Mizuho Financial Group Inc | $158,688 | 0.02% | 28,800 | 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.