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Baldwin Investment Management, LLC

Q2 2025 · 13F-HR

Baldwin Investment Management, LLCholdings as filed

Filed 2025-08-11 · accession 0001346378-25-000004

$828.4M
Reported value
209
Positions
2025-06-30
Period end
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The Brief · Baldwin Investment Management, LLC · Q2 2025

AI · grounded in 13F

Baldwin Investment Management, LLC established a new position in Berkshire Hathaway Inc A BRK/A valued at $405.2M. The fund also initiated new stakes in Broadcom Limited AVGO for $21M and Nvidia Corp NVDA for $19.1M. Additional new positions include Microsoft Corp MSFT, Apple Inc AAPL, and J.P. Morgan Chase & Co JPM.

Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
084670108BRK/ABerkshire Hathaway Inc A$405.2M48.9%556CommonSOLE
11135F101AVGOBroadcom Limited$21.0M2.54%76,307CommonSOLE
67066G104NVDANvidia Corp$19.1M2.31%120,936CommonSOLE
594918104MSFTMicrosoft Corp$16.3M1.97%32,728CommonSOLE
037833100AAPLApple Inc$14.9M1.79%72,428CommonSOLE
46625H100JPMJ.P. Morgan Chase & Co$14.2M1.71%48,966CommonSOLE
512807306LRCXLam Research Corp$9.9M1.20%101,768CommonSOLE
22160K105COSTCostco Wholesale Corporation$9.9M1.19%9,990CommonSOLE
023135106AMZNAmazon.com Inc$9.2M1.11%41,864CommonSOLE
084670702BRK/BBerkshire Hathaway Inc B$9.2M1.11%18,844CommonSOLE
92826C839VVisa Inc.$7.6M0.92%21,506CommonSOLE
532457108LLYEli Lilly & Company$7.5M0.90%9,574CommonSOLE
92532F100VRTXVertex Pharmaceuticals$6.5M0.78%14,541CommonSOLE
30231G102XOMExxon Mobil Corporation$6.1M0.73%56,300CommonSOLE
02079K305GOOGLAlphabet Inc Class A$6.1M0.73%34,334CommonSOLE
293792107EPDEnterprise Products Partners$6.0M0.72%192,615CommonNONE
G54950103LINLinde PLC$5.7M0.69%12,238CommonSOLE
46120E602ISRGIntuitive Surgical$5.4M0.65%9,857CommonSOLE
78409V104SPGIS&P Global Inc$5.3M0.64%10,102CommonSOLE
00287Y109ABBVAbbvie Inc$5.3M0.64%28,530CommonSOLE
002824100ABTAbbott Laboratories$5.2M0.62%37,963CommonSOLE
922908363VOOVanguard S&P 500 Etf$5.0M0.60%8,759CommonSOLE
75513E101RTXRTX Corp$4.8M0.58%33,151CommonSOLE
09290D101BLKBlackrock Inc$4.8M0.58%4,576CommonSOLE
G29183103ETNEaton Corp$4.7M0.57%13,165CommonSOLE
38141G104GSGoldman Sachs Group Inc$4.4M0.53%6,242CommonSOLE
697435105PANWPalo Alto Networks$4.3M0.51%20,845CommonSOLE
437076102HDHome Depot Inc$4.2M0.51%11,509CommonSOLE
874039100TSMTaiwan Semiconductor Manufacturing ADR$3.8M0.46%16,642CommonSOLE
98978V103ZTSZoetis Inc$3.7M0.45%23,711CommonSOLE
907818108UNPUnion Pacific Corp$3.6M0.44%15,770CommonSOLE
773903109ROKRockwell Automation$3.5M0.43%10,615CommonSOLE
149123101CATCaterpillar Inc$3.4M0.41%8,777CommonSOLE
G1151C101ACNAccenture Plc$3.3M0.40%11,194CommonSOLE
883556102TMOThermo Fisher Scientific$3.3M0.40%8,240CommonSOLE
92537N108VRTVertiv Holdings Co$3.1M0.38%24,301CommonSOLE
03027X100AMTAmerican Tower REIT$2.9M0.36%13,314CommonSOLE
05722G100BKRBaker Hughes Co$2.9M0.35%75,252CommonSOLE
617446448MSMorgan Stanley & Co$2.8M0.34%19,867CommonSOLE
02079K107GOOGAlphabet Inc Class C$2.8M0.34%15,722CommonSOLE
14040H105COFCapital One Financial$2.8M0.34%13,090CommonSOLE
478160104JNJJohnson & Johnson$2.7M0.33%17,684CommonSOLE
78462F103SPYS&P DEP Receipts$2.7M0.32%4,318CommonNONE
65339F101NEENextera Energy$2.5M0.31%36,626CommonSOLE
235851102DHRDanaher Corp$2.5M0.30%12,738CommonSOLE
892356106TSCOTractor Supply Company$2.5M0.30%47,530CommonSOLE
548661107LOWLowes Companies Inc$2.5M0.30%11,156CommonSOLE
94106L109WMWaste Management Inc$2.4M0.29%10,486CommonSOLE
57636Q104MAMastercard Inc$2.4M0.29%4,238CommonSOLE
337738108FISVFiserv Inc$2.4M0.29%13,775CommonNONE
00724F101ADBEAdobe Inc$2.4M0.28%6,098CommonSOLE
872590104TMUST-Mobile US$2.3M0.28%9,789CommonSOLE
580135101MCDMcDonald's Corp$2.3M0.28%7,918CommonNONE
45104G104IBNIcici Bank Ltd Adr$2.3M0.27%67,438CommonSOLE
922908769VTIVanguard Total Stock Market ETF$2.3M0.27%7,435CommonSOLE
872540109TJXTJX Inc$2.3M0.27%18,246CommonSOLE
025816109AXPAmerican Express Co$2.2M0.26%6,787CommonSOLE
G0750C108AXTAAxalta Coating Systems$1.9M0.23%63,226CommonSOLE
09260D107BXBlackstone Inc$1.9M0.23%12,511CommonSOLE
871607107SNPSSynopsys Inc$1.9M0.22%3,620CommonSOLE
244199105DEDeere & Co$1.8M0.22%3,614CommonSOLE
68389X105ORCLOracle Corp$1.8M0.22%8,345CommonSOLE
H1467J104CBChubb Corp.$1.8M0.22%6,237CommonSOLE
237194105DRIDarden Restaurants Inc$1.8M0.21%8,093CommonSOLE
45866F104ICEIntercontinental Exchange$1.8M0.21%9,559CommonSOLE
921909768VXUSVanguard Total Interntl Stk$1.7M0.21%25,136CommonSOLE
494368103KMBKimberly Clark Corp$1.7M0.20%12,922CommonSOLE
464287804IJRiShares S&P Smallcap 600$1.6M0.20%14,928CommonSOLE
90353T100UBERUber Technologies Inc$1.6M0.19%17,105CommonSOLE
670100205NVONovo Nordisk$1.5M0.18%21,874CommonNONE
654106103NKENike Inc$1.5M0.18%21,098CommonSOLE
459200101IBMInternational Business Machines Corp$1.5M0.18%5,029CommonNONE
90384S303ULTAUlta Beauty Inc.$1.5M0.18%3,153CommonSOLE
30303M102METAMeta Platforms Inc$1.5M0.18%1,987CommonSOLE
922908538VOTVanguard Mid Cap Growth$1.5M0.18%5,150CommonNONE
35671D857FCXFreeport McMoRan$1.4M0.17%33,234CommonNONE
713448108PEPPepsico Inc.$1.4M0.17%10,874CommonSOLE
438516106HONHoneywell International$1.4M0.17%6,071CommonSOLE
G93A5A101VIKViking Holdings$1.4M0.17%26,505CommonSOLE
456788108INFYInfosys Technologies Ltd$1.4M0.17%74,840CommonNONE
21036P108STZConstellation Brands Inc$1.4M0.17%8,482CommonSOLE
855244109SBUXStarbucks Corp$1.4M0.17%14,992CommonSOLE
609207105MDLZMondelez International$1.4M0.16%20,232CommonSOLE
101137107BSXBoston Scientific Corp$1.3M0.16%12,470CommonSOLE
717081103PFEPfizer Inc.$1.3M0.16%53,238CommonSOLE
12572Q105CMECME Group Inc$1.3M0.15%4,571CommonSOLE
539830109LMTLockheed Martin Corp$1.2M0.15%2,693CommonSOLE
592688105MTDMettler Toledo Intl Inc$1.2M0.15%1,061CommonSOLE
166764100CVXChevron Corp.$1.2M0.15%8,610CommonSOLE
842587107SOSouthern Company$1.2M0.15%13,328CommonSOLE
22052L104CTVACorteva Agriscience Inc$1.2M0.15%16,229CommonNONE
742718109PGProcter & Gamble Co.$1.2M0.15%7,540CommonNONE
04010L103ARCCAres Capital Corp$1.2M0.14%54,667CommonSOLE
783513203RYAAYRyanAir Holdings PLC$1.2M0.14%20,689CommonSOLE
G8994E103TTTrane Technologies Plc$1.2M0.14%2,716CommonSOLE
91324P102UNHUnitedHealth Group$1.2M0.14%3,789CommonSOLE
25278X109FANGDiamondback Energy$1.2M0.14%8,503CommonSOLE
03073E105CORCencora Inc$1.2M0.14%3,858CommonSOLE
98980G102ZSZscaler Inc$1.1M0.14%3,616CommonSOLE
254687106DISWalt Disney Co$1.1M0.14%9,091CommonSOLE
N6596X109NXPINXP Semiconductors N.V.$1.1M0.13%5,047CommonSOLE
46137V357RSPRydex S&P Equal Weight ETF$1.1M0.13%5,918CommonSOLE
82509L107SHOPShopify Inc$1.1M0.13%9,208CommonSOLE
74340W103PLDPrologis Inc$1.0M0.13%9,888CommonSOLE
931142103WMTWal-Mart Stores Inc.$1.0M0.12%10,487CommonSOLE
988498101YUMYum! Brands Inc$1.0M0.12%6,899CommonSOLE
336433107FSLRFirst Solar Inc$1.0M0.12%6,162CommonSOLE
573874104MRVLMarvell Technology Group$1.0M0.12%13,110CommonSOLE
46429B598INDAIshares MSCI India Index$999,2330.12%17,946CommonSOLE
922908611VBRVanguard Small Cap Value$964,6500.12%4,947CommonSOLE
58155Q103MCKMcKesson Corp$923,3030.11%1,260CommonSOLE
17275R102CSCOCisco Systems Inc$920,8250.11%13,272CommonSOLE
060505104BACBank of America Corp$918,0080.11%19,400CommonNONE
N07059210ASMLASML Holdings NV$916,7900.11%1,144CommonNONE
929160109VMCVulcan Materials Company$916,2610.11%3,513CommonNONE
H8088L103SRADSportradar Group$916,1660.11%32,627CommonNONE
502431109LHXL3Harris Technologies$913,5590.11%3,642CommonSOLE
053015103ADPAutomatic Data Processing Inc$912,5560.11%2,959CommonNONE
052769106ADSKAutodesk Inc$906,1110.11%2,927CommonSOLE
191216100KOCoca Cola Co.$903,4780.11%12,770CommonSOLE
23804L103DDOGDatadog Inc$891,9510.11%6,640CommonSOLE
172908105CTASCintas Corp$891,4800.11%4,000CommonSOLE
26441C204DUKDuke Energy Corp.$883,6830.11%7,489CommonSOLE
009158106APDAir Products and Chemicals Inc$875,2320.11%3,103CommonNONE
099724106BWABorg Warner Inc$844,8680.10%25,235CommonSOLE
125523100CICigna Corporation$827,7720.10%2,504CommonSOLE
14448C104CARRCarrier Global Corp$822,6560.10%11,240CommonNONE
464287499IWRiShares Russell Midcap Index Fd$769,1450.09%8,363CommonSOLE
34959J108FTVFortive Corp$742,4880.09%14,243CommonSOLE
830566105SKAASkechers USA Inc$727,2280.09%11,525CommonSOLE
36262G101GXOGXO Logistics Inc$723,1460.09%14,849CommonSOLE
81369Y803XLKTechnology Select Sector SPDR Fund$721,7060.09%2,850CommonSOLE
81730H109SSentinelone Inc$694,1830.08%37,975CommonSOLE
G16258108BEPBrookfield Renewable Partners LP$680,0200.08%26,657CommonSOLE
808524805SCHFSchwab International Equity Fund$666,3760.08%30,153CommonSOLE
110122108BMYBristol-Myers Squibb$654,4810.08%14,139CommonNONE
95040Q104WELLWelltower Inc$626,6030.08%4,076CommonSOLE
808524797SCHDSchwab US Dividend Equity ETF$601,8410.07%22,711CommonSOLE
143658300CCL1EURCarnival Corp$594,7100.07%21,149CommonNONE
46434G822EWJiShares MSCI Japan Index Fund$593,8370.07%7,921CommonSOLE
921908844VIGVanguard Dividend Appreciation ETF$589,2830.07%2,879CommonSOLE
464287176TIPiShares TIPS Bond Fund$572,2080.07%5,200CommonSOLE
89677Q107TCOMTrip.com Group Ltd$553,6790.07%9,442CommonSOLE
M22465104CHKPCheck Point Software Technologies$542,2840.07%2,451CommonSOLE
693475105PNCPNC Financial Services Group Inc$528,1280.06%2,833CommonSOLE
194162103CLColgate Palmolive Co$524,6750.06%5,772CommonNONE
824348106SHWSherwin Williams Co$503,7090.06%1,467CommonSOLE
464287655IWMIshares Tr Russell 2000 Index Fd$498,9060.06%2,312CommonSOLE
20030N101CMCSAComcast Corp$496,7330.06%13,918CommonSOLE
465562106ITUBItau UniBanco Multiplo ADR$490,8360.06%72,288CommonSOLE
922908512VOEVanguard Mid Cap Value$484,2420.06%2,944CommonSOLE
148929102CAVACava Group Inc$482,5540.06%5,729CommonSOLE
780259305SHELSHELL ADR EACH REP 2 ORD WI$469,7760.06%6,672CommonSOLE
165167735EXEExpand Energy Corp$458,1710.06%3,918CommonSOLE
808524102SCHBSchwab US Broad Market ETF$457,2250.06%19,187CommonSOLE
219350105GLWCorning Inc$454,9040.05%8,650CommonSOLE
670346105NUENucor Corp$444,9700.05%3,435CommonSOLE
58933Y105MRKMerck & Co Inc$440,9210.05%5,570CommonSOLE
46266C105IQVIqvia Hldgs Inc$438,5730.05%2,783CommonSOLE
127055101CBTCabot Corporation$437,2500.05%5,830CommonNONE
525327102LDOSLeidos Holdings Inc$433,8400.05%2,750CommonSOLE
922042858VWOVanguard FTSE Emerging Mkt ETF$428,7080.05%8,668CommonSOLE
701094104PHParker Hannifin Corp$421,1770.05%603CommonSOLE
749685103RPMRPM International Inc$406,4080.05%3,700CommonSOLE
231021106CMICummins Inc$406,1000.05%1,240CommonSOLE
28176E108EWEdwards Lifesciences Corp$402,3900.05%5,145CommonSOLE
020002101ALLAllstate Corp$401,0100.05%1,992CommonSOLE
24703L202DELLDell Inc$389,6230.05%3,178CommonSOLE
882508104TXNTexas Instruments, Inc.$384,5120.05%1,852CommonSOLE
464287465EFAiShares MSCI EAFE Index Fund$377,6730.05%4,225CommonSOLE
22788C105CRWDCrowdstrike Hldgs Inc$376,8890.05%740CommonSOLE
G51502105JCIJohnson Controls Inc$365,8680.04%3,464CommonSOLE
26969P108EXPEagle Materials Inc$363,7980.04%1,800CommonNONE
464287721IYWiShares Trust Dow Jones US Tech Fund$351,7380.04%2,030CommonSOLE
404280406HSBCHSBC PLC Spon ADR$346,9290.04%5,707CommonSOLE
13646K108CPCanadian Pacific Kansas City Ltd$331,7450.04%4,185CommonSOLE
G0403H108AONAon PLC$321,0840.04%900CommonSOLE
31428X106FDXFedEx Corp$310,7330.04%1,367CommonSOLE
718546104PSXPhillips 66$310,1800.04%2,600CommonSOLE
92338C103VLTOVERALTO ORD WI$309,0110.04%3,061CommonSOLE
743315103PGRProgressive Corp$303,4200.04%1,137CommonSOLE
81369Y704XLIIndustrial Select Sector SPDR Fund$297,9900.04%2,020CommonSOLE
132061201SYLDCambria Shareholder Yield ETF$273,9990.03%4,213CommonSOLE
056752108BIDUBaidu Inc ADR$266,0280.03%3,102CommonSOLE
260003108DOVDover Corp$265,6840.03%1,450CommonSOLE
025072877AVUVAvantis US Small Cap Value ETF$265,3980.03%2,913CommonSOLE
871829107SYYSysco Corp$263,1970.03%3,475CommonSOLE
126408103CSXC S X Corp$257,2220.03%7,883CommonSOLE
750940108RALRALLIANT CORP$251,2310.03%4,742CommonSOLE
36828A101GEVGE Vernova Inc.$247,1130.03%467CommonSOLE
98419M100XYLXylem Inc$246,6900.03%1,907CommonNONE
744573106PEGPublic Service Enterprise Group$244,1220.03%2,900CommonSOLE
032654105ADIAnalog Devices Inc$241,5900.03%1,015CommonNONE
88160R101TSLATesla Inc$237,9270.03%749CommonSOLE
949746101WMT2Wells Fargo & Co.$237,4410.03%2,964CommonSOLE
45257U108IMNMImmunome, Inc.$236,1640.03%25,394CommonSOLE
878742204TECKTeck Resources Ltd$233,1950.03%5,775CommonSOLE
747525103QCOMQualcomm Inc$232,8380.03%1,462CommonSOLE
464287507IJHIshares Tr S&P Midcap$224,5120.03%3,620CommonSOLE
922908629VOVanguard Mid-Cap ETF$214,9530.03%768CommonSOLE
921943858VEAVanguard FTSE Developed Markets ETF$213,9900.03%3,754CommonSOLE
291011104EMREmerson Electric Co$211,5950.03%1,587CommonSOLE
46090E103QQQPowershares QQQ Trust$211,4310.03%383CommonSOLE
89417E109TRVTravelers Companies Inc$207,3440.03%775CommonSOLE
808524607SCHASchwab US Small Cap ETF$205,9860.02%8,142CommonSOLE
78463V107GLDSPDR Gold Trust$205,7600.02%675CommonSOLE
482480100KLACKLA-Tencor Corp$201,5420.02%225CommonSOLE
60687Y109MFGMizuho Financial Group Inc$160,1280.02%28,800CommonSOLE
67577C105OCGNOcugen Inc$24,2600.00%25,000CommonSOLE

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.