Baldwin Investment Management

Baldwin Investment Management as of Dec. 31, 2025

Portfolio Holdings for Baldwin Investment Management

Baldwin Investment Management holds 207 positions in its portfolio as reported in the December 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) 47.4 $420M 556.00 754800.00
Broadcom Common Stock (AVGO) 2.9 $25M 73k 346.10
Nvidia Corp Common Stock (NVDA) 2.4 $22M 116k 186.50
Apple Common Stock (AAPL) 2.1 $19M 70k 271.86
Lam Research Corp Common Stock (LRCX) 1.9 $17M 98k 171.18
Microsoft Corp Common Stock (MSFT) 1.8 $16M 32k 483.62
J.P. Morgan Chase & Co Common Stock (JPM) 1.8 $16M 48k 322.22
Eli Lilly & Company Common Stock (LLY) 1.3 $12M 11k 1074.69
Alphabet Inc Class A Common Stock (GOOGL) 1.2 $11M 34k 313.00
Costco Wholesale Corp Common Stock (COST) 1.1 $9.8M 11k 862.33
Amazon.com Common Stock (AMZN) 1.1 $9.5M 41k 230.82
Berkshire Hathaway Inc B CL B (BRK.B) 1.0 $9.1M 18k 502.65
RTX Corp Common Stock (RTX) 0.9 $8.2M 45k 183.40
Visa Common Stock (V) 0.8 $7.5M 21k 350.71
Vertex Pharmaceuticals Common Stock (VRTX) 0.8 $7.1M 16k 453.36
Exxon Mobil Corporation Common Stock (XOM) 0.8 $6.8M 56k 120.34
Abbvie Common Stock (ABBV) 0.7 $6.5M 29k 228.49
Enterprise Products Partners Unit Ltd Partn (EPD) 0.7 $6.2M 192k 32.06
Intuitive Surgical Common Stock (ISRG) 0.7 $6.0M 11k 566.36
Vanguard S&P 500 Etf Vang ETF (VOO) 0.6 $5.6M 8.9k 627.12
Goldman Sachs Group Common Stock (GS) 0.6 $5.5M 6.3k 878.99
S&P Global S&P Global (SPGI) 0.6 $5.5M 11k 522.60
Taiwan Semiconductor Manufacturing Sponsored ADR (TSM) 0.6 $5.0M 17k 303.89
Abbott Laboratories Common Stock (ABT) 0.6 $5.0M 40k 125.29
Blackrock Common Stock (BLK) 0.6 $4.9M 4.6k 1070.27
Alphabet Inc Class C Common Stock (GOOG) 0.5 $4.8M 15k 313.80
Linde Spons Adr (LIN) 0.5 $4.8M 11k 426.40
Thermo Fisher Scientific Common Stock (TMO) 0.5 $4.7M 8.1k 579.46
Caterpillar Common Stock (CAT) 0.5 $4.7M 8.2k 572.87
Palo Alto Networks Common Stock (PANW) 0.5 $4.5M 25k 184.20
Eaton Corp Common Stock (ETN) 0.5 $4.1M 13k 318.51
Rockwell Automation Common Stock (ROK) 0.5 $4.0M 10k 389.07
Vertiv Holdings Common Stock (VRT) 0.4 $3.9M 24k 162.01
Home Depot Common Stock (HD) 0.4 $3.8M 11k 344.10
Johnson & Johnson Common Stock (JNJ) 0.4 $3.7M 18k 206.95
Capital One Financial Common Stock (COF) 0.4 $3.6M 15k 242.36
Morgan Stanley & Co Common Stock (MS) 0.4 $3.5M 20k 177.53
Baker Hughes Common Stock (BKR) 0.4 $3.4M 74k 45.54
Nextera Energy Common Stock (NEE) 0.3 $3.0M 38k 80.28
Union Pacific Corp Common Stock (UNP) 0.3 $3.0M 13k 231.32
TJX Common Stock (TJX) 0.3 $2.8M 18k 153.61
S&P DEP Receipts Unit SER 1 (SPY) 0.3 $2.8M 4.1k 681.93
Danaher Corp Common Stock (DHR) 0.3 $2.8M 12k 228.91
Zoetis Common Stock (ZTS) 0.3 $2.7M 22k 125.82
Accenture Common Stock (ACN) 0.3 $2.7M 9.9k 268.30
Vanguard Total Stock Market ETF Vang ETF (VTI) 0.3 $2.6M 7.6k 335.27
American Express Common Stock (AXP) 0.3 $2.5M 6.9k 369.95
Lowes Companies Common Stock (LOW) 0.3 $2.5M 10k 241.15
Mastercard Common Stock (MA) 0.3 $2.4M 4.2k 570.88
Waste Management Common Stock (WM) 0.3 $2.4M 11k 219.71
McDonald's Corp Common Stock (MCD) 0.3 $2.3M 7.6k 305.63
Darden Restaurants Common Stock (DRI) 0.3 $2.2M 12k 184.02
Tractor Supply Company Common Stock (TSCO) 0.2 $2.2M 44k 50.01
Ulta Beauty Common Stock (ULTA) 0.2 $2.1M 3.4k 605.01
Icici Bank Adr (IBN) 0.2 $2.0M 67k 29.80
International Business Machines Corp Common Stock (IBM) 0.2 $2.0M 6.7k 296.21
Chubb Corp. Common Stock (CB) 0.2 $2.0M 6.3k 312.12
T-Mobile US Common Stock (TMUS) 0.2 $2.0M 9.6k 203.05
Vanguard Total Interntl Stk Vang ETF (VXUS) 0.2 $1.9M 26k 75.44
Freeport McMoRan Common Stock (FCX) 0.2 $1.9M 37k 50.79
Axalta Coating Systems Common Stock (AXTA) 0.2 $1.9M 58k 32.31
Adobe Common Stock (ADBE) 0.2 $1.9M 5.4k 349.99
Blackstone Prtnrsp Units (BX) 0.2 $1.9M 12k 154.14
American Tower REIT Common Stock (AMT) 0.2 $1.8M 10k 175.57
iShares S&P Smallcap 600 S&P Smlcap 600 (IJR) 0.2 $1.8M 15k 120.18
Pepsico Common Stock (PEP) 0.2 $1.7M 12k 143.52
Viking Holdings Common Stock (VIK) 0.2 $1.6M 23k 71.41
First Solar Common Stock (FSLR) 0.2 $1.6M 6.0k 261.23
Zscaler Common Stock (ZS) 0.2 $1.5M 6.9k 224.92
Deere & Co Common Stock (DE) 0.2 $1.5M 3.3k 465.57
Meta Platforms Common Stock (META) 0.2 $1.5M 2.3k 660.13
RyanAir Holdings Adr (RYAAY) 0.2 $1.5M 21k 72.19
Southern Company Common Stock (SO) 0.2 $1.5M 17k 87.20
Mettler Toledo Intl Common Stock (MTD) 0.2 $1.5M 1.1k 1394.19
Synopsys Common Stock (SNPS) 0.2 $1.5M 3.1k 469.72
Intercontinental Exchange Common Stock (ICE) 0.2 $1.5M 9.0k 161.96
Autodesk Common Stock (ADSK) 0.2 $1.4M 4.8k 296.01
ASML Holdings NV NY Registry Shs (ASML) 0.2 $1.4M 1.3k 1069.86
Oracle Corp Common Stock (ORCL) 0.2 $1.4M 7.3k 194.91
Vanguard Mid Cap Growth Vang ETF (VOT) 0.2 $1.4M 5.0k 279.14
Nike Common Stock (NKE) 0.2 $1.4M 22k 63.71
Shopify Common Stock (SHOP) 0.2 $1.4M 8.4k 160.97
Infosys Technologies Sponsored ADR (INFY) 0.2 $1.3M 75k 17.82
Chevron Corp. Common Stock (CVX) 0.1 $1.3M 8.6k 152.41
Uber Technologies Common Stock (UBER) 0.1 $1.3M 16k 81.71
Edwards Lifesciences Corp Common Stock (EW) 0.1 $1.3M 15k 85.25
Diamondback Energy Common Stock (FANG) 0.1 $1.3M 8.4k 150.33
Ares Capital Corp Common Stock (ARCC) 0.1 $1.2M 62k 20.23
Starbucks Corp Common Stock (SBUX) 0.1 $1.2M 15k 84.21
CME Group Common Stock (CME) 0.1 $1.2M 4.5k 273.08
Boston Scientific Corp Common Stock (BSX) 0.1 $1.2M 13k 95.35
Honeywell International Common Stock (HON) 0.1 $1.2M 6.0k 195.09
Datadog Common Stock (DDOG) 0.1 $1.2M 8.5k 135.99
Cencora Common Stock (COR) 0.1 $1.2M 3.4k 337.75
Kimberly Clark Corp Common Stock (KMB) 0.1 $1.1M 11k 100.89
L3Harris Technologies Common Stock (LHX) 0.1 $1.1M 3.9k 293.57
Walt Disney Common Stock (DIS) 0.1 $1.1M 10k 113.77
Novo Nordisk Adr (NVO) 0.1 $1.1M 22k 50.88
Wal-Mart Stores Common Stock (WMT) 0.1 $1.1M 9.8k 111.41
Borg Warner Common Stock (BWA) 0.1 $1.1M 24k 45.06
Dutch Bros Common Stock (BROS) 0.1 $1.1M 18k 61.22
Corteva Agriscience Common Stock (CTVA) 0.1 $1.1M 16k 67.03
Rydex S&P Equal Weight ETF S&P 500 Eq TRD (RSP) 0.1 $1.1M 5.5k 191.56
Mondelez International Common Stock (MDLZ) 0.1 $1.1M 20k 53.83
Trane Technologies Common Stock (TT) 0.1 $1.0M 2.7k 389.20
Prologis Common Stock (PLD) 0.1 $1.0M 8.1k 127.66
Bank of America Corp Common Stock (BAC) 0.1 $1.0M 19k 55.00
Cisco Systems Common Stock (CSCO) 0.1 $1.0M 13k 77.03
Ishares MSCI India Index MSCI India ETF (INDA) 0.1 $1.0M 19k 54.05
Immunome Common Stock (IMNM) 0.1 $1.0M 47k 21.48
Yum! Brands Common Stock (YUM) 0.1 $1.0M 6.7k 151.28
Vanguard Small Cap Value Vang ETF (VBR) 0.1 $986k 4.7k 211.81
McKesson Corp Common Stock (MCK) 0.1 $972k 1.2k 820.29
Pfizer Common Stock (PFE) 0.1 $957k 38k 24.90
UnitedHealth Group Common Stock (UNH) 0.1 $949k 2.9k 330.11
Vulcan Materials Company Common Stock (VMC) 0.1 $924k 3.2k 285.22
NXP Semiconductors Common Stock (NXPI) 0.1 $919k 4.2k 217.06
Duke Energy Corp. Common Stock (DUK) 0.1 $917k 7.8k 117.22
Coca Cola Common Stock (KO) 0.1 $889k 13k 69.91
Marvell Technology Group Common Stock (MRVL) 0.1 $867k 10k 84.98
Procter & Gamble Common Stock (PG) 0.1 $847k 5.9k 143.30
Expand Energy Corp Common Stock (EXE) 0.1 $837k 7.6k 110.36
Technology Select Sector SPDR Fund Spdr Etf (XLK) 0.1 $821k 5.7k 143.97
Analog Devices Common Stock (ADI) 0.1 $816k 3.0k 271.20
iShares Russell Midcap Index Rus Mid Cap ETF (IWR) 0.1 $805k 8.4k 96.27
Automatic Data Processing Common Stock (ADP) 0.1 $798k 3.1k 257.23
Dell Common Stock (DELL) 0.1 $795k 6.3k 125.88
GXO Logistics Common Stock (GXO) 0.1 $789k 15k 52.64
Sportradar Group Adr (SRAD) 0.1 $776k 33k 23.77
Air Products and Chemicals Common Stock (APD) 0.1 $767k 3.1k 247.02
Welltower Common Stock (WELL) 0.1 $757k 4.1k 185.61
Cintas Corp Common Stock (CTAS) 0.1 $752k 4.0k 188.07
Schwab International Equity Fund Schwab ETF (SCHF) 0.1 $725k 30k 24.04
Cigna Corporation Common Stock (CI) 0.1 $688k 2.5k 275.23
Fortive Corp Common Stock (FTV) 0.1 $688k 13k 55.21
Trip.com Group Adr (TCOM) 0.1 $679k 9.4k 71.91
Carnival Corp Common Stock (CCL) 0.1 $643k 21k 30.54
iShares MSCI Japan Index Fund MSCI Japan ETF (EWJ) 0.1 $640k 7.9k 80.74
Vanguard Dividend Appreciation ETF Vang ETF (VIG) 0.1 $637k 2.9k 219.81
Cummins Common Stock (CMI) 0.1 $633k 1.2k 510.45
Corning Common Stock (GLW) 0.1 $630k 7.2k 87.56
Lockheed Martin Corp Common Stock (LMT) 0.1 $617k 1.3k 483.67
Schwab US Dividend Equity ETF Schwab ETF (SCHD) 0.1 $585k 21k 27.43
Carrier Global Corp Common Stock (CARR) 0.1 $583k 11k 52.84
Brookfield Renewable Partners Prtnrsp Units (BEP) 0.1 $579k 22k 26.97
Iqvia Hldgs Common Stock (IQV) 0.1 $577k 2.6k 225.41
iShares TIPS Bond Fund Barclys TIPS BD (TIP) 0.1 $572k 5.2k 109.91
Ishares Tr Russell 2000 Index Russell 2000 ETF (IWM) 0.1 $569k 2.3k 246.16
Merck & Co Common Stock (MRK) 0.1 $565k 5.4k 105.26
PNC Financial Services Group Common Stock (PNC) 0.1 $565k 2.7k 208.73
Itau UniBanco Multiplo Spons Adr (ITUB) 0.1 $533k 74k 7.16
Parker Hannifin Corp Common Stock (PH) 0.1 $530k 603.00 878.96
Schwab US Broad Market ETF Schwab ETF (SCHB) 0.1 $504k 19k 26.23
Vanguard Mid Cap Value Vang ETF (VOE) 0.1 $503k 2.8k 177.39
Leidos Holdings Common Stock (LDOS) 0.1 $496k 2.8k 180.40
Boeing Common Stock (BA) 0.1 $488k 2.2k 217.12
Amrize Common Stock (AMRZ) 0.1 $486k 9.0k 54.08
NVR Common Stock (NVR) 0.1 $474k 65.00 7292.77
Vanguard FTSE Emerging Mkt ETF Vang ETF (VWO) 0.1 $467k 8.7k 53.76
Check Point Software Technologies Common Stock (CHKP) 0.1 $455k 2.5k 185.56
Bristol-Myers Squibb Common Stock (BMY) 0.1 $452k 8.4k 53.94
HSBC Adr (HSBC) 0.1 $449k 5.7k 78.67
Colgate Palmolive Common Stock (CL) 0.0 $440k 5.6k 79.02
Johnson Controls Common Stock (JCI) 0.0 $415k 3.5k 119.75
Baidu Adr (BIDU) 0.0 $405k 3.1k 130.66
Sherwin Williams Common Stock (SHW) 0.0 $399k 1.2k 324.03
Crowdstrike Hldgs Common Stock (CRWD) 0.0 $394k 840.00 468.76
iShares Trust Dow Jones US Tech Fund US Tech ETF (IYW) 0.0 $385k 1.9k 199.68
Allstate Corp Common Stock (ALL) 0.0 $385k 1.9k 208.15
Eagle Materials Common Stock (EXP) 0.0 $372k 1.8k 206.68
Micron Technology Common Stock (MU) 0.0 $371k 1.3k 285.41
iShares MSCI EAFE Index Fund Msci Eafe Etf (EFA) 0.0 $367k 3.8k 96.03
Cabot Corporation Common Stock (CBT) 0.0 $367k 5.5k 66.28
Comcast Corp Common Stock (CMCSA) 0.0 $366k 12k 29.89
Phillips 66 Common Stock (PSX) 0.0 $336k 2.6k 129.04
Tesla Common Stock (TSLA) 0.0 $328k 729.00 449.72
RPM International Common Stock (RPM) 0.0 $328k 3.2k 104.00
Aon Adr (AON) 0.0 $318k 900.00 352.88
Netflix Common Stock (NFLX) 0.0 $313k 3.3k 93.76
Canadian Pacific Kansas City Common Stock (CP) 0.0 $308k 4.2k 73.63
Cambria Shareholder Yield ETF Shshld Yield Etf (SYLD) 0.0 $291k 4.2k 69.53
Industrial Select Sector SPDR Fund Sbi Int-inds (XLI) 0.0 $290k 1.9k 155.12
C S X Corp Common Stock (CSX) 0.0 $286k 7.9k 36.25
Dover Corp Common Stock (DOV) 0.0 $283k 1.5k 195.24
FedEx Corp Common Stock (FDX) 0.0 $282k 977.00 288.86
Exelon Corporation Common Stock (EXC) 0.0 $281k 6.5k 43.59
Vanguard FTSE Developed Markets ETF Vang ETF (VEA) 0.0 $281k 4.5k 62.47
Avantis US Small Cap Value ETF Us Sml Cp Valu (AVUV) 0.0 $281k 2.8k 101.99
Nucor Corp Common Stock (NUE) 0.0 $274k 1.7k 163.11
Shell Adr Each Rep 2 Ord Wi Adr (SHEL) 0.0 $267k 3.6k 73.48
Xylem Common Stock (XYL) 0.0 $260k 1.9k 136.18
Sysco Corp Common Stock (SYY) 0.0 $256k 3.5k 73.69
SPDR Gold Trust SPDR Gold ETF (GLD) 0.0 $248k 625.00 396.31
Ishares Tr S&P Midcap S&P Midcap (IJH) 0.0 $239k 3.6k 66.00
Qualcomm Common Stock (QCOM) 0.0 $234k 1.4k 171.05
GE Vernova Common Stock (GEV) 0.0 $233k 357.00 653.57
Public Service Enterprise Group Common Stock (PEG) 0.0 $233k 2.9k 80.30
Schwab US Small Cap ETF Schwab ETF (SCHA) 0.0 $232k 8.2k 28.48
Vanguard Mid-Cap ETF Vang ETF (VO) 0.0 $225k 776.00 290.04
Veralto Ord Wi Common Stock (VLTO) 0.0 $223k 2.2k 99.78
Wells Fargo & Co. Common Stock (WFC) 0.0 $221k 2.4k 93.18
Incyte Corporation Common Stock (INCY) 0.0 $211k 2.1k 98.77
Mizuho Financial Group Adr (MFG) 0.0 $211k 29k 7.32
Emerson Electric Common Stock (EMR) 0.0 $211k 1.6k 132.72
Powershares QQQ Trust Unit Ser 1 (QQQ) 0.0 $206k 335.00 614.82
Progressive Corp Common Stock (PGR) 0.0 $201k 881.00 227.72
Ocugen Common Stock (OCGN) 0.0 $34k 25k 1.35