Baldwin Investment Management

Baldwin Investment Management as of Sept. 30, 2025

Portfolio Holdings for Baldwin Investment Management

Baldwin Investment Management holds 207 positions in its portfolio as reported in the September 2025 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway Inc A Cl A (BRK.A) 48.0 $419M 556.00 754200.00
Broadcom Common Stock (AVGO) 2.7 $24M 72k 329.91
Nvidia Corp Common Stock (NVDA) 2.5 $22M 118k 186.58
Apple Common Stock (AAPL) 2.1 $19M 73k 254.63
Microsoft Corp Common Stock (MSFT) 1.9 $17M 33k 517.95
J.P. Morgan Chase & Co Common Stock (JPM) 1.8 $15M 49k 315.43
Lam Research Corp Common Stock (LRCX) 1.5 $13M 100k 133.90
Costco Wholesale Corporation Common Stock (COST) 1.2 $10M 11k 925.61
Berkshire Hathaway Inc B CL B (BRK.B) 1.1 $9.5M 19k 502.74
Amazon.com Common Stock (AMZN) 1.0 $9.1M 41k 219.57
Eli Lilly & Company Common Stock (LLY) 1.0 $8.5M 11k 762.99
Alphabet Inc Class A Common Stock (GOOGL) 0.9 $8.2M 34k 243.10
Visa Common Stock (V) 0.8 $7.4M 22k 341.38
RTX Corp Common Stock (RTX) 0.8 $7.2M 43k 167.33
Abbvie Common Stock (ABBV) 0.8 $6.7M 29k 231.54
Exxon Mobil Corporation Common Stock (XOM) 0.7 $6.4M 57k 112.75
Vertex Pharmaceuticals Common Stock (VRTX) 0.7 $6.2M 16k 391.64
Enterprise Products Partners Unit Ltd Partn (EPD) 0.7 $6.0M 192k 31.27
Linde Spons Adr (LIN) 0.7 $5.7M 12k 475.01
Blackrock Common Stock (BLK) 0.6 $5.4M 4.7k 1165.78
Vanguard S&P 500 Etf Vang ETF (VOO) 0.6 $5.4M 8.8k 612.36
Abbott Laboratories Common Stock (ABT) 0.6 $5.3M 40k 133.94
Goldman Sachs Group Common Stock (GS) 0.6 $5.1M 6.4k 796.34
S&P Global S&P Global (SPGI) 0.6 $5.0M 10k 486.72
Palo Alto Networks Common Stock (PANW) 0.6 $4.9M 24k 203.62
Eaton Corp Common Stock (ETN) 0.5 $4.8M 13k 374.25
Intuitive Surgical Common Stock (ISRG) 0.5 $4.7M 11k 447.23
Home Depot Common Stock (HD) 0.5 $4.7M 12k 405.19
Taiwan Semiconductor Manufacturing Sponsored ADR (TSM) 0.5 $4.6M 17k 279.29
Caterpillar Common Stock (CAT) 0.5 $4.1M 8.6k 477.15
Thermo Fisher Scientific Common Stock (TMO) 0.5 $4.0M 8.3k 485.03
Alphabet Inc Class C Common Stock (GOOG) 0.4 $3.8M 16k 243.55
Rockwell Automation Common Stock (ROK) 0.4 $3.7M 11k 349.53
Vertiv Holdings Common Stock (VRT) 0.4 $3.7M 24k 150.86
Baker Hughes Common Stock (BKR) 0.4 $3.6M 74k 48.72
Zoetis Common Stock (ZTS) 0.4 $3.4M 23k 146.32
Johnson & Johnson Common Stock (JNJ) 0.4 $3.3M 18k 185.41
Morgan Stanley & Co Common Stock (MS) 0.4 $3.1M 20k 158.96
Union Pacific Corp Common Stock (UNP) 0.4 $3.1M 13k 236.37
Capital One Financial Common Stock (COF) 0.3 $3.0M 14k 212.58
Nextera Energy Common Stock (NEE) 0.3 $2.9M 38k 75.49
S&P DEP Receipts Unit SER 1 (SPY) 0.3 $2.7M 4.1k 666.19
Lowes Companies Common Stock (LOW) 0.3 $2.7M 11k 251.30
TJX Common Stock (TJX) 0.3 $2.7M 18k 144.54
Accenture Common Stock (ACN) 0.3 $2.6M 11k 246.60
Tractor Supply Company Common Stock (TSCO) 0.3 $2.6M 45k 56.87
American Tower REIT Common Stock (AMT) 0.3 $2.6M 13k 192.31
Danaher Corp Common Stock (DHR) 0.3 $2.5M 12k 198.27
Vanguard Total Stock Market ETF Vang ETF (VTI) 0.3 $2.5M 7.5k 328.16
Mastercard Common Stock (MA) 0.3 $2.4M 4.2k 568.81
Waste Management Common Stock (WM) 0.3 $2.4M 11k 220.83
T-Mobile US Common Stock (TMUS) 0.3 $2.3M 9.8k 239.39
American Express Common Stock (AXP) 0.3 $2.3M 6.9k 332.16
McDonald's Corp Common Stock (MCD) 0.3 $2.3M 7.6k 303.89
Oracle Corp Common Stock (ORCL) 0.3 $2.3M 8.0k 281.24
Blackstone Prtnrsp Units (BX) 0.2 $2.1M 13k 170.85
Darden Restaurants Common Stock (DRI) 0.2 $2.0M 11k 190.36
Icici Bank Adr (IBN) 0.2 $2.0M 67k 30.23
Adobe Common Stock (ADBE) 0.2 $2.0M 5.7k 352.75
Axalta Coating Systems Common Stock (AXTA) 0.2 $1.9M 66k 28.62
Vanguard Total Interntl Stk Vang ETF (VXUS) 0.2 $1.9M 25k 73.46
Deere & Co Common Stock (DE) 0.2 $1.8M 4.0k 457.26
Ulta Beauty Common Stock (ULTA) 0.2 $1.8M 3.3k 546.75
International Business Machines Corp Common Stock (IBM) 0.2 $1.8M 6.3k 282.16
iShares S&P Smallcap 600 S&P Smlcap 600 (IJR) 0.2 $1.8M 15k 118.83
Chubb Corp. Common Stock (CB) 0.2 $1.8M 6.2k 282.25
Synopsys Common Stock (SNPS) 0.2 $1.8M 3.6k 493.39
Uber Technologies Common Stock (UBER) 0.2 $1.7M 18k 97.97
Zscaler Common Stock (ZS) 0.2 $1.7M 5.6k 299.66
Intercontinental Exchange Common Stock (ICE) 0.2 $1.6M 9.6k 168.48
Fiserv Common Stock (FI) 0.2 $1.6M 12k 128.93
Pepsico Common Stock (PEP) 0.2 $1.5M 11k 140.44
Vanguard Mid Cap Growth Vang ETF (VOT) 0.2 $1.5M 5.2k 293.79
Freeport McMoRan Common Stock (FCX) 0.2 $1.5M 38k 39.22
Viking Holdings Common Stock (VIK) 0.2 $1.5M 24k 62.16
Nike Common Stock (NKE) 0.2 $1.5M 21k 69.73
Meta Platforms Common Stock (META) 0.2 $1.4M 2.0k 734.39
Kimberly Clark Corp Common Stock (KMB) 0.2 $1.4M 12k 124.34
Pfizer Common Stock (PFE) 0.2 $1.4M 54k 25.48
First Solar Common Stock (FSLR) 0.2 $1.4M 6.1k 220.53
Shopify Common Stock (SHOP) 0.2 $1.3M 9.0k 148.61
Chevron Corp. Common Stock (CVX) 0.2 $1.3M 8.6k 155.29
Southern Company Common Stock (SO) 0.2 $1.3M 14k 94.77
Mettler Toledo Intl Common Stock (MTD) 0.1 $1.3M 1.1k 1227.61
Honeywell International Common Stock (HON) 0.1 $1.3M 6.2k 210.50
ASML Holdings NV NY Registry Shs (ASML) 0.1 $1.3M 1.3k 968.09
Boston Scientific Corp Common Stock (BSX) 0.1 $1.3M 13k 97.63
Starbucks Corp Common Stock (SBUX) 0.1 $1.3M 15k 84.60
Mondelez International Common Stock (MDLZ) 0.1 $1.3M 20k 62.47
RyanAir Holdings Adr (RYAAY) 0.1 $1.2M 21k 60.22
Ares Capital Corp Common Stock (ARCC) 0.1 $1.2M 61k 20.41
CME Group Common Stock (CME) 0.1 $1.2M 4.6k 270.19
Infosys Technologies Sponsored ADR (INFY) 0.1 $1.2M 75k 16.27
Novo Nordisk Adr (NVO) 0.1 $1.2M 22k 55.49
Diamondback Energy Common Stock (FANG) 0.1 $1.2M 8.5k 143.10
L3Harris Technologies Common Stock (LHX) 0.1 $1.2M 3.9k 305.41
Datadog Common Stock (DDOG) 0.1 $1.2M 8.3k 142.40
Edwards Lifesciences Corp Common Stock (EW) 0.1 $1.2M 15k 77.77
NXP Semiconductors Common Stock (NXPI) 0.1 $1.1M 5.0k 227.73
Trane Technologies Common Stock (TT) 0.1 $1.1M 2.7k 421.96
UnitedHealth Group Common Stock (UNH) 0.1 $1.1M 3.2k 345.30
Corteva Agriscience Common Stock (CTVA) 0.1 $1.1M 16k 67.63
Procter & Gamble Common Stock (PG) 0.1 $1.1M 7.0k 153.64
Vulcan Materials Company Common Stock (VMC) 0.1 $1.1M 3.5k 307.62
Borg Warner Common Stock (BWA) 0.1 $1.1M 25k 43.96
Rydex S&P Equal Weight ETF S&P 500 Eq TRD (RSP) 0.1 $1.1M 5.6k 189.70
Cencora Common Stock (COR) 0.1 $1.1M 3.4k 312.53
Yum! Brands Common Stock (YUM) 0.1 $1.0M 6.9k 152.00
Walt Disney Common Stock (DIS) 0.1 $1.0M 8.9k 114.50
Wal-Mart Stores Common Stock (WMT) 0.1 $1.0M 9.9k 103.06
Bank of America Corp Common Stock (BAC) 0.1 $1.0M 20k 51.59
Vanguard Small Cap Value Vang ETF (VBR) 0.1 $989k 4.7k 208.69
Prologis Common Stock (PLD) 0.1 $989k 8.6k 114.52
Duke Energy Corp. Common Stock (DUK) 0.1 $983k 7.9k 123.74
Ishares MSCI India Index MSCI India ETF (INDA) 0.1 $976k 19k 52.06
Autodesk Common Stock (ADSK) 0.1 $930k 2.9k 317.67
McKesson Corp Common Stock (MCK) 0.1 $919k 1.2k 772.54
Cisco Systems Common Stock (CSCO) 0.1 $908k 13k 68.42
Sportradar Group Adr (SRAD) 0.1 $878k 33k 26.90
Automatic Data Processing Common Stock (ADP) 0.1 $869k 3.0k 293.50
Analog Devices Common Stock (ADI) 0.1 $864k 3.5k 245.70
Coca Cola Common Stock (KO) 0.1 $847k 13k 66.32
Air Products and Chemicals Common Stock (APD) 0.1 $846k 3.1k 272.72
Cintas Corp Common Stock (CTAS) 0.1 $821k 4.0k 205.26
iShares Russell Midcap Index Rus Mid Cap ETF (IWR) 0.1 $807k 8.4k 96.55
Marvell Technology Group Common Stock (MRVL) 0.1 $807k 9.6k 84.07
GXO Logistics Common Stock (GXO) 0.1 $803k 15k 52.89
Technology Select Sector SPDR Fund Spdr Etf (XLK) 0.1 $803k 2.9k 281.86
Expand Energy Corp Common Stock (EXE) 0.1 $756k 7.1k 106.24
Welltower Common Stock (WELL) 0.1 $726k 4.1k 178.14
Cigna Corporation Common Stock (CI) 0.1 $722k 2.5k 288.25
Trip.com Group Adr (TCOM) 0.1 $710k 9.4k 75.20
Schwab International Equity Fund Schwab ETF (SCHF) 0.1 $702k 30k 23.28
Brookfield Renewable Partners Prtnrsp Units (BEP) 0.1 $688k 27k 25.79
Lockheed Martin Corp Common Stock (LMT) 0.1 $674k 1.4k 499.21
Carrier Global Corp Common Stock (CARR) 0.1 $671k 11k 59.70
Fortive Corp Common Stock (FTV) 0.1 $669k 14k 48.99
iShares MSCI Japan Index Fund MSCI Japan ETF (EWJ) 0.1 $635k 7.9k 80.21
Corning Common Stock (GLW) 0.1 $630k 7.7k 82.03
Vanguard Dividend Appreciation ETF Vang ETF (VIG) 0.1 $623k 2.9k 215.80
Schwab US Dividend Equity ETF Schwab ETF (SCHD) 0.1 $618k 23k 27.30
Carnival Corp Common Stock (CCL) 0.1 $611k 21k 28.91
iShares TIPS Bond Fund Barclys TIPS BD (TIP) 0.1 $578k 5.2k 111.22
PNC Financial Services Group Common Stock (PNC) 0.1 $569k 2.8k 200.93
Ishares Tr Russell 2000 Index Russell 2000 ETF (IWM) 0.1 $559k 2.3k 241.96
Constellation Brands Common Stock (STZ) 0.1 $552k 4.1k 134.67
Itau UniBanco Multiplo Spons Adr (ITUB) 0.1 $531k 72k 7.34
Iqvia Hldgs Common Stock (IQV) 0.1 $524k 2.8k 189.94
Cummins Common Stock (CMI) 0.1 $524k 1.2k 422.37
Leidos Holdings Common Stock (LDOS) 0.1 $520k 2.8k 188.96
Sherwin Williams Common Stock (SHW) 0.1 $508k 1.5k 346.26
Check Point Software Technologies Common Stock (CHKP) 0.1 $507k 2.5k 206.91
Schwab US Broad Market ETF Schwab ETF (SCHB) 0.1 $494k 19k 25.71
Vanguard Mid Cap Value Vang ETF (VOE) 0.1 $490k 2.8k 174.55
Shell Adr Each Rep 2 Ord Wi Adr (SHEL) 0.1 $477k 6.7k 71.53
Vanguard FTSE Emerging Mkt ETF Vang ETF (VWO) 0.1 $470k 8.7k 54.18
RPM International Common Stock (RPM) 0.1 $469k 4.0k 117.88
Merck & Co Common Stock (MRK) 0.1 $468k 5.6k 83.93
Colgate Palmolive Common Stock (CL) 0.1 $461k 5.8k 79.94
Parker Hannifin Corp Common Stock (PH) 0.1 $457k 603.00 758.15
Comcast Corp Common Stock (CMCSA) 0.1 $437k 14k 31.42
Cabot Corporation Common Stock (CBT) 0.0 $436k 5.7k 76.05
Allstate Corp Common Stock (ALL) 0.0 $428k 2.0k 214.65
Eagle Materials Common Stock (EXP) 0.0 $420k 1.8k 233.04
Amrize Common Stock (AMRZ) 0.0 $418k 8.6k 48.53
Baidu Adr (BIDU) 0.0 $409k 3.1k 131.77
HSBC Adr (HSBC) 0.0 $405k 5.7k 70.98
Johnson Controls Common Stock (JCI) 0.0 $381k 3.5k 109.95
iShares Trust Dow Jones US Tech Fund US Tech ETF (IYW) 0.0 $378k 1.9k 195.86
Bristol-Myers Squibb Common Stock (BMY) 0.0 $377k 8.4k 45.10
Crowdstrike Hldgs Common Stock (CRWD) 0.0 $375k 765.00 490.38
iShares MSCI EAFE Index Fund Msci Eafe Etf (EFA) 0.0 $357k 3.8k 93.37
Dutch Bros Common Stock (BROS) 0.0 $357k 6.8k 52.34
Phillips 66 Common Stock (PSX) 0.0 $354k 2.6k 136.02
Texas Instruments Common Stock (TXN) 0.0 $327k 1.8k 183.73
Tesla Common Stock (TSLA) 0.0 $326k 734.00 444.72
Aon Adr (AON) 0.0 $321k 900.00 356.58
Veralto Ord Wi Common Stock (VLTO) 0.0 $316k 3.0k 106.61
Canadian Pacific Kansas City Common Stock (CP) 0.0 $312k 4.2k 74.49
Dell Common Stock (DELL) 0.0 $309k 2.2k 141.77
Industrial Select Sector SPDR Fund Sbi Int-inds (XLI) 0.0 $304k 2.0k 154.23
Immunome Common Stock (IMNM) 0.0 $297k 25k 11.71
Exelon Corporation Common Stock (EXC) 0.0 $290k 6.5k 45.01
HubSpot Common Stock (HUBS) 0.0 $289k 617.00 467.80
Cambria Shareholder Yield ETF Shshld Yield Etf (SYLD) 0.0 $287k 4.2k 68.66
Sysco Corp Common Stock (SYY) 0.0 $286k 3.5k 82.34
Xylem Common Stock (XYL) 0.0 $281k 1.9k 147.50
C S X Corp Common Stock (CSX) 0.0 $280k 7.9k 35.51
GE Vernova Common Stock (GEV) 0.0 $269k 437.00 614.90
Avantis US Small Cap Value ETF Us Sml Cp Valu (AVUV) 0.0 $261k 2.6k 99.54
Kyndryl Holdings Common Stock (KD) 0.0 $252k 8.4k 30.03
Qualcomm Common Stock (QCOM) 0.0 $243k 1.5k 166.36
Public Service Enterprise Group Common Stock (PEG) 0.0 $242k 2.9k 83.46
Dover Corp Common Stock (DOV) 0.0 $242k 1.5k 166.83
Ishares Tr S&P Midcap S&P Midcap (IJH) 0.0 $236k 3.6k 65.26
FedEx Corp Common Stock (FDX) 0.0 $230k 977.00 235.81
Powershares QQQ Trust Unit Ser 1 (QQQ) 0.0 $230k 383.00 600.80
Nucor Corp Common Stock (NUE) 0.0 $228k 1.7k 135.43
Schwab US Small Cap ETF Schwab ETF (SCHA) 0.0 $227k 8.1k 27.90
Vanguard Mid-Cap ETF Vang ETF (VO) 0.0 $226k 771.00 293.61
SPDR Gold Trust SPDR Gold ETF (GLD) 0.0 $222k 625.00 355.47
Vanguard FTSE Developed Markets ETF Vang ETF (VEA) 0.0 $221k 3.7k 59.93
Progressive Corp Common Stock (PGR) 0.0 $219k 887.00 246.95
Micron Technology Common Stock (MU) 0.0 $218k 1.3k 167.32
Emerson Electric Common Stock (EMR) 0.0 $208k 1.6k 131.18
Mizuho Financial Group Adr (MFG) 0.0 $193k 29k 6.70
Ocugen Common Stock (OCGN) 0.0 $41k 25k 1.63