Baldwin Investment Management

Baldwin Investment Management as of Dec. 31, 2012

Portfolio Holdings for Baldwin Investment Management

Baldwin Investment Management holds 116 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.A) 57.4 $100M 742.00 134060.65
Qualcomm (QCOM) 1.1 $1.9M 30k 61.85
Apple (AAPL) 1.0 $1.7M 3.2k 532.28
Thoratec Corporation 0.9 $1.6M 44k 37.52
Enterprise Products Partners (EPD) 0.9 $1.6M 31k 50.09
Exxon Mobil Corporation (XOM) 0.9 $1.5M 18k 86.56
Praxair 0.9 $1.5M 14k 109.42
Schlumberger (SLB) 0.8 $1.4M 20k 69.32
Teekay Lng Partners 0.8 $1.3M 36k 37.79
Visa (V) 0.8 $1.3M 8.6k 151.61
Berkshire Hathaway Inc. Class B 0.7 $1.2M 14k 89.71
Yum! Brands (YUM) 0.7 $1.2M 18k 66.38
Varian Medical Systems 0.7 $1.2M 17k 70.22
iShares S&P SmallCap 600 Index (IJR) 0.7 $1.2M 15k 78.09
Danaher Corporation (DHR) 0.7 $1.1M 20k 55.88
Mettler-Toledo International (MTD) 0.6 $1.1M 5.5k 193.27
Celgene Corporation 0.6 $1.1M 14k 78.46
Oneok Partners 0.6 $1.1M 20k 54.01
Nike (NKE) 0.6 $1.0M 20k 51.58
Costco Wholesale Corporation (COST) 0.6 $1.0M 10k 98.71
Spdr S&p 500 Etf (SPY) 0.6 $1.0M 7.1k 142.38
Accenture (ACN) 0.6 $999k 15k 66.49
Amazon (AMZN) 0.6 $1.0M 4.0k 250.75
Abbott Laboratories (ABT) 0.6 $992k 15k 65.48
Oracle Corporation (ORCL) 0.6 $981k 30k 33.31
Union Pacific Corporation (UNP) 0.6 $949k 7.6k 125.70
International Business Machines (IBM) 0.5 $942k 4.9k 191.50
Teva Pharmaceutical Industries (TEVA) 0.5 $924k 25k 37.32
Noble Energy 0.5 $903k 8.9k 101.75
American Tower Reit (AMT) 0.5 $900k 12k 77.31
Target Corporation (TGT) 0.5 $867k 15k 59.18
Fluor Corporation (FLR) 0.5 $777k 13k 58.75
Google 0.5 $778k 1.1k 707.27
Precision Castparts 0.5 $772k 4.1k 189.45
Plains Exploration & Production Company 0.5 $771k 16k 46.94
Colgate-Palmolive Company (CL) 0.4 $765k 7.3k 104.58
EMC Corporation 0.4 $746k 30k 25.30
J.M. Smucker Company (SJM) 0.4 $742k 8.6k 86.26
Banco Itau Holding Financeira (ITUB) 0.4 $742k 45k 16.47
JPMorgan Chase & Co. (JPM) 0.4 $736k 17k 43.96
FedEx Corporation (FDX) 0.4 $710k 7.7k 91.77
Thermo Fisher Scientific (TMO) 0.4 $710k 11k 63.82
iShares Barclays TIPS Bond Fund (TIP) 0.4 $716k 5.9k 121.36
Chevron Corporation (CVX) 0.4 $699k 6.5k 108.10
Lowe's Companies (LOW) 0.4 $651k 18k 35.53
Tata Motors 0.4 $653k 23k 28.72
Apache Corporation 0.4 $639k 8.1k 78.47
Vodafone 0.4 $639k 25k 25.21
General Electric Company 0.4 $623k 30k 20.99
3M Company (MMM) 0.4 $622k 6.7k 92.84
SanDisk Corporation 0.4 $618k 14k 43.52
Kinder Morgan Energy Partners 0.4 $630k 7.9k 79.75
Teekay Offshore Partners 0.3 $598k 23k 26.03
Ensco Plc Shs Class A 0.3 $593k 10k 59.30
Cnooc 0.3 $579k 2.6k 219.82
Johnson & Johnson (JNJ) 0.3 $573k 8.2k 70.09
Wells Fargo & Company (WFC) 0.3 $572k 17k 34.20
SPDR DB Int'l Govt Infl Pro Bond (WIP) 0.3 $572k 9.0k 63.56
CVS Caremark Corporation (CVS) 0.3 $556k 12k 48.35
C.H. Robinson Worldwide (CHRW) 0.3 $550k 8.7k 63.22
Rydex S&P Equal Weight ETF 0.3 $559k 11k 53.37
SPDR Gold Trust (GLD) 0.3 $535k 3.3k 162.12
Mondelez Int (MDLZ) 0.3 $529k 21k 25.43
Celanese Corporation (CE) 0.3 $515k 12k 44.49
Vanguard Emerging Markets ETF (VWO) 0.3 $501k 11k 44.51
Intel Corporation (INTC) 0.3 $491k 24k 20.63
Vale (VALE) 0.3 $450k 22k 20.95
Taiwan Semiconductor Mfg (TSM) 0.3 $448k 26k 17.16
Goldman Sachs (GS) 0.3 $452k 3.5k 127.50
Plains All American Pipeline (PAA) 0.3 $443k 9.8k 45.20
Infosys Technologies (INFY) 0.2 $439k 10k 42.26
Coach 0.2 $440k 7.9k 55.52
Allergan 0.2 $438k 4.8k 91.73
Starbucks Corporation (SBUX) 0.2 $429k 8.0k 53.62
Prudential Financial (PRU) 0.2 $435k 8.2k 53.37
Petroleo Brasileiro SA (PBR) 0.2 $407k 21k 19.46
Dominion Resources (D) 0.2 $407k 7.9k 51.85
ConocoPhillips (COP) 0.2 $412k 7.1k 58.03
HSBC Holdings (HSBC) 0.2 $402k 7.6k 53.01
Potash Corp. Of Saskatchewan I 0.2 $396k 9.7k 40.71
Noble Corporation Com Stk 0.2 $400k 12k 34.78
ICICI Bank (IBN) 0.2 $389k 8.9k 43.58
At&t (T) 0.2 $379k 11k 33.69
MetLife (MET) 0.2 $385k 12k 32.90
PowerShares MENA Frontier Countries 0.2 $384k 36k 10.83
Ace Limited Cmn 0.2 $369k 4.6k 79.78
Merck & Co (MRK) 0.2 $356k 8.7k 40.92
Cisco Systems (CSCO) 0.2 $351k 18k 19.66
Microsoft Corporation (MSFT) 0.2 $309k 12k 26.70
Norfolk Southern (NSC) 0.2 $313k 5.1k 61.89
Agilent Technologies Inc C ommon (A) 0.2 $315k 7.7k 40.91
Freeport-McMoRan Copper & Gold (FCX) 0.2 $309k 9.0k 34.24
Textron (TXT) 0.2 $302k 12k 24.75
Carnival Corporation (CCL) 0.2 $278k 7.5k 36.83
Verizon Communications (VZ) 0.2 $276k 6.4k 43.28
Procter & Gamble Company (PG) 0.2 $277k 4.1k 68.01
Sap (SAP) 0.2 $274k 3.4k 80.40
San Juan Basin Royalty Trust (SJT) 0.2 $279k 21k 13.43
Symantec Corporation 0.1 $263k 14k 18.79
McCormick & Company, Incorporated (MKC) 0.1 $260k 4.1k 63.41
PowerShares Water Resources 0.1 $268k 13k 20.74
Urban Outfitters (URBN) 0.1 $238k 6.1k 39.34
CHECK POINT SOFTWARE Technolog Com Stk (CHKP) 0.1 $237k 5.0k 47.59
Devon Energy Corporation (DVN) 0.1 $219k 4.2k 52.12
Tractor Supply Company (TSCO) 0.1 $221k 2.5k 88.40
Windstream Corporation 0.1 $216k 26k 8.29
Ryanair Holdings 0.1 $210k 6.1k 34.28
Kansas City Southern 0.1 $209k 2.5k 83.60
iShares Lehman Aggregate Bond (AGG) 0.1 $207k 1.9k 111.11
Consumer Staples Select Sect. SPDR (XLP) 0.1 $209k 6.0k 34.83
Vanguard Europe Pacific ETF (VEA) 0.1 $210k 6.0k 35.29
Blackstone 0.1 $166k 11k 15.59
Take-Two Interactive Software (TTWO) 0.1 $165k 15k 11.00
TigerLogic 0.1 $157k 80k 1.96
Uti Worldwide 0.1 $134k 10k 13.40
Newlink Genetics Corporation 0.1 $125k 10k 12.50