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Baldwin Investment Management, LLC

Q2 2026 · 13F-HR

Baldwin Investment Management, LLCholdings as filed

Filed 2026-07-28 · accession 0001346378-26-000003

$1.03B
Reported value
231
Positions
2026-06-30
Period end
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Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
084670108BRK/ABerkshire Hathaway Inc A$415.6M40.2%555CommonSOLE
512807306LRCXLam Research Corp$36.9M3.57%85,114CommonSOLE
037833100AAPLApple Inc$28.9M2.79%99,797CommonSOLE
11135F101AVGOBroadcom Limited$28.4M2.75%75,155CommonSOLE
67066G104NVDANvidia Corp$27.0M2.61%134,950CommonSOLE
46625H100JPMJ.P. Morgan Chase & Co$20.0M1.94%61,191CommonSOLE
594918104MSFTMicrosoft Corp$16.6M1.60%44,413CommonSOLE
02079K305GOOGLAlphabet Inc Class A$16.4M1.59%45,918CommonSOLE
532457108LLYEli Lilly & Company$15.5M1.50%12,959CommonSOLE
22160K105COSTCostco Wholesale Corp$13.9M1.35%14,865CommonSOLE
75513E101RTXRTX Corp$11.8M1.14%62,019CommonSOLE
023135106AMZNAmazon.com Inc$11.2M1.08%46,834CommonSOLE
084670702BRK/BBerkshire Hathaway Inc B$9.9M0.96%19,793CommonSOLE
697435105PANWPalo Alto Networks$9.7M0.94%28,553CommonSOLE
30233Q108XOMExxon Mobil Corporation$9.3M0.90%67,677CommonSOLE
149123101CATCaterpillar Inc$8.9M0.86%8,327CommonSOLE
92532F100VRTXVertex Pharmaceuticals$8.4M0.81%16,870CommonSOLE
92826C839VVisa Inc.$8.2M0.80%23,968CommonSOLE
92537N108VRTVertiv Holdings Co$8.0M0.77%23,823CommonSOLE
00287Y109ABBVAbbvie Inc$7.9M0.76%31,297CommonSOLE
874039100TSMTaiwan Semiconductor Manufacturing ADR$7.8M0.76%16,395CommonSOLE
G29183103ETNEaton Corp$7.4M0.72%17,394CommonSOLE
38141G104GSGoldman Sachs Group Inc$7.1M0.69%7,008CommonSOLE
293792107EPDEnterprise Products Partners$7.0M0.68%191,338CommonNONE
478160104JNJJohnson & Johnson$7.0M0.68%27,516CommonSOLE
09290D101BLKBlackrock Inc$6.6M0.64%6,867CommonSOLE
G54950103LINLinde PLC$6.5M0.62%12,444CommonSOLE
922908363VOOVanguard S&P 500 Etf$6.4M0.61%9,257CommonSOLE
24703L202DELLDell Inc$5.7M0.55%13,240CommonSOLE
65339F101NEENextera Energy$5.5M0.53%62,458CommonSOLE
773903109ROKRockwell Automation$5.4M0.52%10,843CommonSOLE
46120E602ISRGIntuitive Surgical$5.1M0.49%12,766CommonSOLE
883556102TMOThermo Fisher Scientific$5.0M0.48%9,982CommonSOLE
02079K107GOOGAlphabet Inc Class C$5.0M0.48%14,041CommonSOLE
872540109TJXTJX Inc$4.8M0.47%31,845CommonSOLE
05722G100BKRBaker Hughes Co$4.8M0.47%86,680CommonSOLE
78409V104SPGIS&P Global Inc$4.7M0.45%11,421CommonSOLE
57636Q104MAMastercard Inc$4.6M0.44%8,901CommonSOLE
437076102HDHome Depot Inc$4.3M0.42%12,291CommonSOLE
14040H105COFCapital One Financial$4.2M0.41%20,953CommonSOLE
617446448MSMorgan Stanley & Co$4.2M0.41%20,065CommonSOLE
548661107LOWLowes Companies Inc$3.8M0.37%17,240CommonSOLE
922908769VTIVanguard Total Stock Market ETF$3.7M0.36%9,962CommonSOLE
237194105DRIDarden Restaurants Inc$3.5M0.34%16,895CommonSOLE
907818108UNPUnion Pacific Corp$3.5M0.34%12,763CommonSOLE
002824100ABTAbbott Laboratories$3.4M0.33%37,845CommonSOLE
842587107SOSouthern Company$3.2M0.31%33,202CommonSOLE
22788C105CRWDCrowdstrike Hldgs Inc$3.2M0.31%4,143CommonSOLE
94106L109WMWaste Management Inc$3.1M0.30%13,806CommonSOLE
90384S303ULTAUlta Beauty Inc.$3.0M0.29%6,690CommonSOLE
573874104MRVLMarvell Technology Group$3.0M0.29%10,071CommonSOLE
244199105DEDeere & Co$2.9M0.28%4,536CommonSOLE
N07059210ASMLASML Holdings NV$2.8M0.27%1,426CommonSOLE
713448108PEPPepsico Inc.$2.7M0.26%20,225CommonSOLE
921909768VXUSVanguard Total Interntl Stk$2.7M0.26%31,368CommonSOLE
166764100CVXChevron Corp.$2.6M0.25%15,784CommonSOLE
78462F103SPYS&P DEP Receipts$2.5M0.25%3,397CommonSOLE
336433107FSLRFirst Solar Inc$2.5M0.24%10,509CommonSOLE
H1467J104CBChubb Corp.$2.5M0.24%7,265CommonSOLE
35671D857FCXFreeport McMoRan$2.5M0.24%39,212CommonSOLE
464287804IJRiShares S&P Smallcap 600$2.5M0.24%16,615CommonSOLE
872590104TMUST-Mobile US$2.5M0.24%14,661CommonSOLE
871607107SNPSSynopsys Inc$2.4M0.24%5,468CommonSOLE
30303M102METAMeta Platforms Inc$2.4M0.23%4,272CommonSOLE
23804L103DDOGDatadog Inc$2.4M0.23%9,206CommonSOLE
099724106BWABorg Warner Inc$2.4M0.23%36,018CommonSOLE
191216100KOCoca Cola Co.$2.4M0.23%28,955CommonSOLE
580135101MCDMcDonald's Corp$2.3M0.22%8,494CommonNONE
235851102DHRDanaher Corp$2.3M0.22%11,881CommonSOLE
64110L106NFLXNetflix Inc$2.2M0.22%31,468CommonSOLE
025816109AXPAmerican Express Co$2.2M0.22%6,601CommonNONE
882508104TXNTexas Instruments, Inc.$2.2M0.21%7,349CommonSOLE
459200101IBMInternational Business Machines Corp$2.2M0.21%7,699CommonSOLE
254687106DISWalt Disney Co$2.1M0.21%22,282CommonSOLE
45104G104IBNIcici Bank Ltd Adr$2.1M0.21%73,112CommonSOLE
G93A5A101VIKViking Holdings$2.1M0.21%20,250CommonSOLE
931142103WMTWal-Mart Stores Inc.$1.9M0.18%16,621CommonSOLE
17275R102CSCOCisco Systems Inc$1.9M0.18%15,758CommonSOLE
58155Q103MCKMcKesson Corp$1.7M0.17%2,306CommonSOLE
G1151C101ACNAccenture Plc$1.7M0.17%13,982CommonSOLE
03027X100AMTAmerican Tower REIT$1.7M0.17%10,619CommonSOLE
438516205HONHoneywell International$1.7M0.16%7,547CommonSOLE
68389X105ORCLOracle Corp$1.7M0.16%11,520CommonSOLE
855244109SBUXStarbucks Corp$1.6M0.16%16,137CommonSOLE
43849R105HONAHoneywell Aerospace Inc.$1.6M0.15%7,035CommonSOLE
892356106TSCOTractor Supply Company$1.5M0.15%48,815CommonSOLE
922908538VOTVanguard Mid Cap Growth$1.5M0.15%5,000CommonSOLE
95040Q104WELLWelltower Inc$1.5M0.14%6,392CommonSOLE
46137V357RSPRydex S&P Equal Weight ETF$1.4M0.14%6,692CommonSOLE
595112103MUMicron Technology Inc$1.4M0.14%1,227CommonSOLE
09260D107BXBlackstone Inc$1.4M0.14%12,009CommonSOLE
922908611VBRVanguard Small Cap Value$1.4M0.13%5,715CommonSOLE
609207105MDLZMondelez International$1.4M0.13%23,539CommonSOLE
592688105MTDMettler Toledo Intl Inc$1.3M0.13%1,047CommonSOLE
783513203RYAAYRyanAir Holdings PLC$1.3M0.13%20,367CommonSOLE
G8994E103TTTrane Technologies Plc$1.3M0.13%2,670CommonSOLE
25278X109FANGDiamondback Energy$1.2M0.12%7,103CommonSOLE
28176E108EWEdwards Lifesciences Corp$1.2M0.12%13,730CommonSOLE
009158106APDAir Products and Chemicals Inc$1.2M0.11%4,030CommonSOLE
G0750C108AXTAAxalta Coating Systems$1.2M0.11%34,322CommonSOLE
G0403H108AONAon PLC$1.1M0.11%3,445CommonSOLE
98978V103ZTSZoetis Inc$1.1M0.11%15,799CommonSOLE
58933Y105MRKMerck & Co Inc$1.1M0.11%8,728CommonSOLE
988498101YUMYum! Brands Inc$1.1M0.11%6,957CommonSOLE
04010L103ARCCAres Capital Corp$1.1M0.11%59,409CommonSOLE
502431109LHXL3Harris Technologies$1.1M0.11%3,740CommonSOLE
81369Y803XLKTechnology Select Sector SPDR Fund$1.1M0.11%5,700CommonSOLE
12572Q105CMECME Group Inc$1.1M0.10%4,912CommonSOLE
74340W103PLDPrologis Inc$1.1M0.10%7,961CommonSOLE
N6596X109NXPINXP Semiconductors N.V.$1.1M0.10%3,837CommonSOLE
717081103PFEPfizer Inc.$1.1M0.10%44,312CommonSOLE
097023105BABoeing Co$1.1M0.10%4,880CommonSOLE
808524797SCHDSchwab US Dividend Equity ETF$1.1M0.10%33,305CommonSOLE
91324P102UNHUnitedHealth Group$1.1M0.10%2,529CommonSOLE
36828A101GEVGE Vernova Inc.$1.0M0.10%874CommonSOLE
82509L107SHOPShopify Inc$1.0M0.10%8,923CommonSOLE
742718109PGProcter & Gamble Co.$1.0M0.10%6,863CommonNONE
670100205NVONovo Nordisk$1.0M0.10%20,958CommonSOLE
032654105ADIAnalog Devices Inc$996,8970.10%2,510CommonSOLE
03073E105CORCencora Inc$962,1320.09%3,400CommonNONE
863667101SYKStryker Corp$934,4450.09%2,968CommonSOLE
22052L104CTVACorteva Agriscience Inc$925,5770.09%10,929CommonSOLE
464287499IWRiShares Russell Midcap Index Fd$922,6060.09%8,363CommonSOLE
26441C204DUKDuke Energy Corp.$913,7110.09%7,218CommonSOLE
231021106CMICummins Inc$873,6820.08%1,225CommonSOLE
808524805SCHFSchwab International Equity Fund$835,2320.08%30,153CommonSOLE
35473P710FLKRFranklin FTSE South Korea ETF$830,5600.08%12,569CommonSOLE
219350105GLWCorning Inc$822,4850.08%3,220CommonSOLE
14448C104CARRCarrier Global Corp$791,4470.08%10,790CommonSOLE
165167735EXEExpand Energy Corp$789,9790.08%8,663CommonSOLE
26701L100BROSDutch Bros Inc$784,1650.08%10,920CommonSOLE
464287200IVViShares Trust S&P 500 Index$784,0880.08%1,047CommonSOLE
456788108INFYInfosys Technologies Ltd$774,5290.07%73,835CommonSOLE
46434G822EWJiShares MSCI Japan Index Fund$769,2910.07%8,248CommonSOLE
34959J108FTVFortive Corp$761,2420.07%12,461CommonSOLE
494368103KMBKimberly Clark Corp$757,6330.07%6,902CommonSOLE
464287655IWMIshares Tr Russell 2000 Index Fd$756,6980.07%2,519CommonSOLE
G16258108BEPBrookfield Renewable Partners LP$727,5590.07%20,949CommonSOLE
053015103ADPAutomatic Data Processing Inc$703,6510.07%3,142CommonSOLE
172908105CTASCintas Corp$692,0560.07%4,069CommonSOLE
G5960L103MDTMedtronic Inc$690,4580.07%8,826CommonSOLE
921908844VIGVanguard Dividend Appreciation ETF$689,2780.07%2,913CommonSOLE
125523100CICigna Corporation$689,2000.07%2,500CommonNONE
911363109URIUnited Rentals Inc$671,8040.06%593CommonSOLE
00724F101ADBEAdobe Inc$668,7750.06%3,262CommonSOLE
84615Q103SPCXSpace Exploration Technologies$658,6650.06%3,855CommonSOLE
G51502105JCIJohnson Controls Inc$645,6600.06%4,419CommonNONE
46432F339QUALiShares MSCI USA Quality Factor ETF$637,2250.06%2,904CommonSOLE
465562106ITUBItau UniBanco Multiplo ADR$592,9050.06%72,571CommonSOLE
G2004J103CCLCarnival Corp$592,7990.06%20,749CommonSOLE
110122108BMYBristol-Myers Squibb$590,2330.06%10,244CommonNONE
46429B598INDAIshares MSCI India Index$587,9880.06%11,905CommonSOLE
404280406HSBCHSBC PLC Spon ADR$580,4290.06%6,104CommonSOLE
464287176TIPiShares TIPS Bond Fund$569,0360.06%5,200CommonSOLE
922908512VOEVanguard Mid Cap Value$564,9450.05%2,859CommonSOLE
45866F104ICEIntercontinental Exchange$564,2130.05%4,583CommonSOLE
052769106ADSKAutodesk Inc$559,7350.05%2,879CommonSOLE
808524102SCHBSchwab US Broad Market ETF$556,3820.05%19,212CommonSOLE
45257U108IMNMImmunome, Inc.$538,0990.05%25,394CommonNONE
701094104PHParker Hannifin Corp$537,9660.05%550CommonSOLE
46266C105IQVIqvia Hldgs Inc$522,8530.05%2,706CommonSOLE
922042858VWOVanguard FTSE Emerging Mkt ETF$516,2530.05%8,649CommonSOLE
194162103CLColgate Palmolive Co$510,0160.05%5,563CommonNONE
464287721IYWiShares Trust Dow Jones US Tech Fund$486,8040.05%1,930CommonSOLE
46432F842IEFAiShares Core MSCI EAFE$484,2520.05%5,014CommonSOLE
060505104BACBank of America Corp$482,9060.05%8,475CommonNONE
H8088L103SRADSportradar Group$478,6510.05%31,974CommonNONE
62944T105NVRNVR Inc$476,9380.05%70CommonSOLE
36262G101GXOGXO Logistics Inc$462,2320.04%9,117CommonSOLE
921910816MGKVanguard Mega Cap Growth ETF$454,9340.04%5,175CommonSOLE
020002101ALLAllstate Corp$440,9030.04%1,853CommonSOLE
718546104PSXPhillips 66$439,5300.04%2,600CommonSOLE
025072877AVUVAvantis US Small Cap Value ETF$439,0010.04%3,519CommonSOLE
46090E103QQQPowershares QQQ Trust$432,4710.04%587CommonSOLE
539830109LMTLockheed Martin Corp$424,3800.04%833CommonSOLE
464287507IJHIshares Tr S&P Midcap$408,2970.04%5,295CommonSOLE
45337C102INCYIncyte Corporation$404,6950.04%3,570CommonSOLE
464287465EFAiShares MSCI EAFE Index Fund$397,3410.04%3,825CommonSOLE
693475105PNCPNC Financial Services Group Inc$394,6910.04%1,603CommonSOLE
126408103CSXC S X Corp$374,6790.04%7,883CommonSOLE
824348106SHWSherwin Williams Co$370,1440.04%1,075CommonSOLE
13646K108CPCanadian Pacific Kansas City Ltd$362,6300.04%4,185CommonSOLE
H2927K103AMRZAmrize AG$362,4400.04%6,800CommonSOLE
89677Q107TCOMTrip.com Group Ltd$362,1060.04%9,089CommonSOLE
46434G103IEMGiShares Core MSCI Emerging Markets ETF$358,2000.03%4,324CommonSOLE
682189105ONOn Semiconductor Co$353,1070.03%3,735CommonSOLE
47103U852JMBSJanus Henderson Mortgage-Backed Securities ETF$352,9020.03%7,844CommonSOLE
132061201SYLDCambria Shareholder Yield ETF$350,3330.03%4,430CommonSOLE
88160R101TSLATesla Inc$349,0980.03%830CommonSOLE
88579Y101MMM3M Company$348,1070.03%2,150CommonSOLE
81369Y704XLIIndustrial Select Sector SPDR Fund$346,3800.03%1,870CommonSOLE
056752108BIDUBaidu Inc ADR$341,9560.03%2,992CommonSOLE
747525103QCOMQualcomm Inc$339,0900.03%1,835CommonSOLE
654106103NKENike Inc$331,5610.03%8,077CommonSOLE
260003108DOVDover Corp$325,2060.03%1,450CommonSOLE
921943858VEAVanguard FTSE Developed Markets ETF$320,4260.03%4,497CommonSOLE
038222105AMATApplied Materials Inc$312,3360.03%432CommonSOLE
31428X106FDXFedEx Corp$305,9280.03%977CommonSOLE
749685103RPMRPM International Inc$305,6630.03%2,750CommonSOLE
M22465104CHKPCheck Point Software Technologies$303,3400.03%2,308CommonSOLE
30161N101EXCExelon Corporation$300,6990.03%6,450CommonSOLE
G6700G107NVTnVent Electric PLC$300,2100.03%1,770CommonSOLE
808524607SCHASchwab US Small Cap ETF$294,8240.03%8,160CommonSOLE
670346105NUENucor Corp$290,6890.03%1,305CommonSOLE
525327102LDOSLeidos Holdings Inc$283,1680.03%2,750CommonNONE
74743L100QQnity Electronics Inc$279,2600.03%1,710CommonSOLE
464288646IGSBIshares Tr Sh Tr Crport Etf$276,3580.03%5,273CommonSOLE
60687Y109MFGMizuho Financial Group Inc$275,9040.03%28,800CommonSOLE
526057104LENLennar Corp$260,1590.03%2,875CommonSOLE
780259305SHELSHELL ADR EACH REP 2 ORD WI$259,2160.03%3,343CommonSOLE
025072802AVDVAvantis International Small Cap Val ETF$257,6250.02%2,500CommonSOLE
91913Y100VLOValero Energy Corp$250,0220.02%960CommonSOLE
69608A108PLTRPalantir Technologies In$244,3070.02%2,094CommonSOLE
929236107WDFCWD-40 Company$239,9850.02%985CommonNONE
78463V107GLDSPDR Gold Trust$239,4470.02%650CommonSOLE
744573106PEGPublic Service Enterprise Group$235,3640.02%2,900CommonSOLE
F92124100TTETotalEnergies SE$232,5020.02%2,990CommonSOLE
45259A845AISVistaShares Artfcl Intlgc Supercycle ETF$230,3370.02%2,700CommonNONE
369604301GEGeneral Electric Co$228,7230.02%612CommonSOLE
291011104EMREmerson Electric Co$227,1790.02%1,587CommonSOLE
482480100KLACKLA-Tencor Corp$226,2830.02%750CommonSOLE
29444U700EQIXEquinix Inc$226,1990.02%217CommonSOLE
98419M100XYLXylem Inc$225,4260.02%1,907CommonNONE
89417E109TRVTravelers Companies Inc$222,8310.02%675CommonNONE
579780206MKCMc Cormick & Co Inc N-Vt$219,4280.02%4,352CommonSOLE
871829107SYYSysco Corp$215,2190.02%2,575CommonSOLE
949746101WMT2Wells Fargo & Co.$212,5140.02%2,572CommonSOLE
808524409SCHVSchwab US Large Cap Value ETF$208,7560.02%5,997CommonSOLE
87911K100HQLAbrdn Life Science Investors$208,3230.02%10,411CommonSOLE
031162100AMGNAmgen Inc$204,2360.02%564CommonSOLE
67577C105OCGNOcugen Inc$38,2500.00%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.