Baldwin Investment Management

Baldwin Investment Management as of Dec. 31, 2011

Portfolio Holdings for Baldwin Investment Management

Baldwin Investment Management holds 106 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.A) 57.5 $88M 763.00 114754.91
Qualcomm (QCOM) 1.1 $1.7M 30k 54.69
Exxon Mobil Corporation (XOM) 1.1 $1.6M 19k 84.78
Praxair 1.0 $1.6M 15k 106.89
Thoratec Corporation 1.0 $1.5M 44k 33.56
Enterprise Products Partners (EPD) 0.9 $1.4M 31k 46.37
Teva Pharmaceutical Industries (TEVA) 0.9 $1.4M 35k 40.37
Schlumberger (SLB) 0.9 $1.3M 19k 68.29
Apple (AAPL) 0.9 $1.3M 3.2k 404.95
Yum! Brands (YUM) 0.8 $1.2M 20k 59.01
Varian Medical Systems 0.7 $1.1M 17k 67.10
Oneok Partners 0.7 $1.1M 20k 57.73
Procter & Gamble Company (PG) 0.7 $1.1M 17k 66.69
iShares S&P SmallCap 600 Index (IJR) 0.7 $1.1M 16k 68.27
Nike (NKE) 0.7 $1.0M 11k 96.37
Celgene Corporation 0.6 $975k 14k 67.59
Danaher Corporation (DHR) 0.6 $960k 20k 47.06
Berkshire Hathaway Inc. Class B 0.6 $946k 12k 76.33
Spdr S&p 500 Etf (SPY) 0.6 $934k 7.4k 125.54
Visa (V) 0.6 $932k 9.2k 101.49
Teekay Lng Partners 0.6 $935k 28k 33.15
Precision Castparts 0.6 $919k 5.6k 164.84
Abbott Laboratories (ABT) 0.6 $853k 15k 56.21
International Business Machines (IBM) 0.6 $859k 4.7k 183.98
Banco Itau Holding Financeira (ITUB) 0.6 $854k 46k 18.57
Noble Energy 0.6 $835k 8.9k 94.35
Union Pacific Corporation (UNP) 0.5 $824k 7.8k 105.98
Mettler-Toledo International (MTD) 0.5 $827k 5.6k 147.63
Accenture (ACN) 0.5 $813k 15k 53.22
American Tower Reit (AMT) 0.5 $813k 14k 60.04
Target Corporation (TGT) 0.5 $755k 15k 51.19
C.H. Robinson Worldwide (CHRW) 0.5 $761k 11k 69.82
Costco Wholesale Corporation (COST) 0.5 $748k 9.0k 83.34
Apache Corporation 0.5 $719k 7.9k 90.52
SanDisk Corporation 0.5 $722k 15k 49.20
Oracle Corporation (ORCL) 0.5 $698k 27k 25.64
Vodafone 0.5 $680k 24k 28.05
Chevron Corporation (CVX) 0.4 $676k 6.4k 106.32
Fluor Corporation (FLR) 0.4 $666k 13k 50.26
Google 0.4 $678k 1.1k 645.71
Amazon (AMZN) 0.4 $675k 3.9k 173.08
FedEx Corporation (FDX) 0.4 $648k 7.8k 83.48
J.M. Smucker Company (SJM) 0.4 $651k 8.3k 78.18
iShares MSCI Emerging Markets Indx (EEM) 0.4 $641k 17k 37.95
EMC Corporation 0.4 $618k 29k 21.53
Johnson & Johnson (JNJ) 0.4 $610k 9.3k 65.59
Petroleo Brasileiro SA (PBR) 0.4 $573k 23k 24.84
General Electric Company 0.4 $566k 32k 17.93
3M Company (MMM) 0.4 $562k 6.9k 81.75
Thermo Fisher Scientific (TMO) 0.4 $569k 13k 44.98
Kinder Morgan Energy Partners 0.4 $565k 6.7k 84.96
JPMorgan Chase & Co. (JPM) 0.4 $543k 16k 33.23
Intel Corporation (INTC) 0.4 $554k 23k 24.25
ConocoPhillips (COP) 0.4 $548k 7.5k 72.82
Infosys Technologies (INFY) 0.3 $533k 10k 51.38
Pepsi (PEP) 0.3 $529k 8.0k 66.33
Vale (VALE) 0.3 $486k 23k 21.45
Cnooc 0.3 $493k 2.8k 174.51
Freeport-McMoRan Copper & Gold (FCX) 0.3 $483k 13k 36.80
Rydex S&P Equal Weight ETF 0.3 $494k 11k 46.28
Ens 0.3 $469k 10k 46.90
Lowe's Companies (LOW) 0.3 $466k 18k 25.36
SPDR Gold Trust (GLD) 0.3 $471k 3.1k 151.94
Celanese Corporation (CE) 0.3 $470k 11k 44.24
Wells Fargo & Company (WFC) 0.3 $463k 17k 27.56
Plains Exploration & Production Company 0.3 $436k 12k 36.72
Coach 0.3 $423k 6.9k 61.08
CVS Caremark Corporation (CVS) 0.3 $413k 10k 40.79
Prudential Financial (PRU) 0.3 $410k 8.2k 50.15
iShares MSCI EAFE Index Fund (EFA) 0.3 $389k 7.9k 49.55
Starbucks Corporation (SBUX) 0.3 $401k 8.7k 45.96
Teekay Offshore Partners 0.3 $392k 15k 26.62
Tata Motors 0.3 $394k 23k 16.89
Dominion Resources (D) 0.2 $377k 7.1k 53.10
Norfolk Southern (NSC) 0.2 $368k 5.1k 72.77
MetLife (MET) 0.2 $365k 12k 31.19
Plains All American Pipeline (PAA) 0.2 $360k 4.9k 73.47
PowerShares MENA Frontier Countries 0.2 $372k 36k 10.44
Taiwan Semiconductor Mfg (TSM) 0.2 $348k 27k 12.91
At&t (T) 0.2 $352k 12k 30.22
Noble Corporation Com Stk 0.2 $348k 12k 30.26
Goldman Sachs (GS) 0.2 $321k 3.5k 90.55
Cisco Systems (CSCO) 0.2 $320k 18k 18.08
Merck & Co (MRK) 0.2 $323k 8.6k 37.67
Microsoft Corporation (MSFT) 0.2 $299k 12k 25.97
Windstream Corporation 0.2 $307k 26k 11.74
HSBC Holdings (HSBC) 0.2 $287k 7.5k 38.09
Corning Incorporated (GLW) 0.2 $285k 22k 13.00
Devon Energy Corporation (DVN) 0.2 $267k 4.3k 62.06
Verizon Communications (VZ) 0.2 $269k 6.7k 40.14
Potash Corp. Of Saskatchewan I 0.2 $268k 6.5k 41.22
ICICI Bank (IBN) 0.2 $257k 9.7k 26.43
Carnival Corporation (CCL) 0.2 $266k 8.1k 32.68
Newfield Exploration 0.2 $258k 6.9k 37.66
CHECK POINT SOFTWARE Technolog Com Stk (CHKP) 0.2 $252k 4.8k 52.45
Consumer Staples Select Sect. SPDR (XLP) 0.2 $260k 8.0k 32.50
Textron (TXT) 0.1 $226k 12k 18.52
PowerShares Water Resources 0.1 $222k 13k 16.82
Duke Energy Corporation 0.1 $220k 10k 22.02
Allergan 0.1 $208k 2.4k 87.58
Symantec Corporation 0.1 $219k 14k 15.64
McCormick & Company, Incorporated (MKC) 0.1 $207k 4.1k 50.49
Take-Two Interactive Software (TTWO) 0.1 $203k 15k 13.53
Guangshen Railway 0.1 $178k 10k 17.66
Uti Worldwide 0.1 $133k 10k 13.30
TigerLogic 0.1 $82k 40k 2.05