Baldwin Investment Management

Baldwin Investment Management as of Sept. 30, 2011

Portfolio Holdings for Baldwin Investment Management

Baldwin Investment Management holds 103 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.A) 58.5 $83M 773.00 106799.48
Qualcomm (QCOM) 1.0 $1.5M 30k 48.64
Praxair 1.0 $1.5M 16k 93.48
Thoratec Corporation 1.0 $1.4M 44k 32.64
Exxon Mobil Corporation (XOM) 1.0 $1.4M 19k 72.65
Teva Pharmaceutical Industries (TEVA) 0.9 $1.3M 35k 37.21
Enterprise Products Partners (EPD) 0.9 $1.3M 31k 40.16
Apple (AAPL) 0.9 $1.2M 3.2k 381.28
Schlumberger (SLB) 0.8 $1.2M 19k 59.74
Procter & Gamble Company (PG) 0.7 $1.1M 17k 63.17
Yum! Brands (YUM) 0.7 $978k 20k 49.37
iShares S&P SmallCap 600 Index (IJR) 0.7 $959k 16k 58.53
Nike (NKE) 0.7 $943k 11k 85.53
Oneok Partners 0.7 $915k 20k 46.62
Celgene Corporation 0.6 $910k 15k 61.90
Berkshire Hathaway Inc. Class B 0.6 $882k 12k 71.04
Varian Medical Systems 0.6 $878k 17k 52.18
Teekay Lng Partners 0.6 $878k 28k 31.13
Danaher Corporation (DHR) 0.6 $860k 21k 41.95
Precision Castparts 0.6 $867k 5.6k 155.52
Spdr S&p 500 Etf (SPY) 0.6 $842k 7.4k 113.17
International Business Machines (IBM) 0.6 $830k 4.7k 174.96
Amazon (AMZN) 0.6 $822k 3.8k 216.32
Accenture (ACN) 0.6 $805k 15k 52.70
Mettler-Toledo International (MTD) 0.6 $784k 5.6k 139.95
Visa (V) 0.6 $787k 9.2k 85.70
C.H. Robinson Worldwide (CHRW) 0.6 $787k 12k 68.43
Abbott Laboratories (ABT) 0.6 $776k 15k 51.14
Oracle Corporation (ORCL) 0.5 $744k 26k 28.75
Banco Itau Holding Financeira (ITUB) 0.5 $742k 48k 15.53
American Tower Corporation 0.5 $737k 14k 53.83
Costco Wholesale Corporation (COST) 0.5 $717k 8.7k 82.18
Target Corporation (TGT) 0.5 $723k 15k 49.02
JPMorgan Chase & Co. (JPM) 0.5 $662k 22k 30.10
Apache Corporation 0.5 $637k 7.9k 80.20
Union Pacific Corporation (UNP) 0.5 $639k 7.8k 81.66
Fluor Corporation (FLR) 0.4 $617k 13k 46.57
Vodafone 0.4 $622k 24k 25.66
Infosys Technologies (INFY) 0.4 $606k 12k 51.04
iShares MSCI Emerging Markets Indx (EEM) 0.4 $600k 17k 35.11
Noble Energy 0.4 $612k 8.7k 70.75
EMC Corporation 0.4 $603k 29k 21.01
Johnson & Johnson (JNJ) 0.4 $592k 9.3k 63.66
Chevron Corporation (CVX) 0.4 $589k 6.4k 92.64
J.M. Smucker Company (SJM) 0.4 $592k 8.1k 72.84
SanDisk Corporation 0.4 $564k 14k 40.36
Thermo Fisher Scientific (TMO) 0.4 $557k 11k 50.64
Google 0.4 $541k 1.1k 515.24
Vale (VALE) 0.4 $521k 23k 22.80
FedEx Corporation (FDX) 0.4 $525k 7.8k 67.64
Petroleo Brasileiro SA (PBR) 0.3 $490k 22k 22.44
Goldman Sachs (GS) 0.3 $494k 5.2k 94.64
General Electric Company 0.3 $492k 32k 15.22
3M Company (MMM) 0.3 $494k 6.9k 71.85
Pepsi (PEP) 0.3 $494k 8.0k 61.94
Prudential Financial (PRU) 0.3 $496k 11k 46.90
SPDR Gold Trust (GLD) 0.3 $490k 3.1k 158.06
ConocoPhillips (COP) 0.3 $476k 7.5k 63.26
Intel Corporation (INTC) 0.3 $462k 22k 21.34
Cnooc 0.3 $453k 2.8k 160.35
Kinder Morgan Energy Partners 0.3 $455k 6.7k 68.42
Rydex S&P Equal Weight ETF 0.3 $446k 11k 41.39
PowerShares MENA Frontier Countries 0.3 $446k 42k 10.71
Corning Incorporated (GLW) 0.3 $436k 35k 12.35
Ens 0.3 $404k 10k 40.40
ICICI Bank (IBN) 0.3 $412k 12k 34.70
Freeport-McMoRan Copper & Gold (FCX) 0.3 $397k 13k 30.48
iShares MSCI EAFE Index Fund (EFA) 0.3 $382k 8.0k 47.75
Dominion Resources (D) 0.3 $366k 7.2k 50.83
Lowe's Companies (LOW) 0.3 $369k 19k 19.32
Teekay Offshore Partners 0.3 $362k 15k 24.58
Coach 0.2 $359k 6.9k 51.84
Tata Motors 0.2 $359k 23k 15.39
At&t (T) 0.2 $332k 12k 28.50
Noble Corporation Com Stk 0.2 $343k 12k 29.32
Wells Fargo & Company (WFC) 0.2 $325k 14k 24.12
Starbucks Corporation (SBUX) 0.2 $325k 8.7k 37.25
Taiwan Semiconductor Mfg (TSM) 0.2 $308k 27k 11.42
Norfolk Southern (NSC) 0.2 $309k 5.1k 61.10
CVS Caremark Corporation (CVS) 0.2 $306k 9.1k 33.63
Windstream Corporation 0.2 $305k 26k 11.66
HSBC Holdings (HSBC) 0.2 $291k 7.7k 37.99
Merck & Co (MRK) 0.2 $287k 8.8k 32.71
MetLife (MET) 0.2 $279k 10k 28.04
Plains All American Pipeline (PAA) 0.2 $289k 4.9k 58.98
Devon Energy Corporation (DVN) 0.2 $268k 4.8k 55.46
Cisco Systems (CSCO) 0.2 $274k 18k 15.48
Plains Exploration & Production Company 0.2 $270k 12k 22.74
CHECK POINT SOFTWARE Technolog Com Stk (CHKP) 0.2 $267k 5.1k 52.83
Scotts Miracle-Gro Company (SMG) 0.2 $265k 6.0k 44.54
Carnival Corporation (CCL) 0.2 $250k 8.3k 30.25
Newfield Exploration 0.2 $250k 6.3k 39.68
Verizon Communications (VZ) 0.2 $247k 6.7k 36.85
Consumer Staples Select Sect. SPDR (XLP) 0.2 $237k 8.0k 29.62
Symantec Corporation 0.2 $228k 14k 16.29
Bunge 0.1 $213k 3.7k 58.36
Textron (TXT) 0.1 $215k 12k 17.62
Take-Two Interactive Software (TTWO) 0.1 $191k 15k 12.73
PowerShares Water Resources 0.1 $198k 13k 15.00
Guangshen Railway 0.1 $149k 10k 14.78
Uti Worldwide 0.1 $130k 10k 13.00
Ford Motor Company (F) 0.1 $116k 12k 9.67
TigerLogic 0.1 $109k 40k 2.72