Baldwin Investment Management, LLC

13F filer · CIK 0001346378

Reported Jul 28, 2026

Net buyer this quarter

13F portfolio value$1.03BU.S. long equity reported on 13F

Positions19518 new · 8 closed

Net flow last quarter+$85.5MBuys minus sells

Top 10 positions weight59.9%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 28, 2026195 positions
BRK.ABerkshire Hathaway Inc	$416M	40.20%	Not reported	Not reported	Q3 2013
LRCXLam Research Corp	$36.9M	3.57%	0.01%	-3.9%	Q1 2016
AAPLApple Inc.	$28.9M	2.79%	0.00%	+41.4%	Q3 2013
AVGOBroadcom Inc.	$28.4M	2.75%	0.00%	+5.3%	Q1 2016
NVDANvidia Corp	$27M	2.61%	0.00%	+18.1%	Q4 2017
JPMJPMorgan Chase & Co	$20M	1.94%	0.00%	+27.0%	Q3 2013
MSFTMicrosoft Corp	$16.6M	1.60%	0.00%	+34.7%	Q3 2013
GOOGLAlphabet Inc.	$16.4M	1.59%	0.00%	+37.3%	Q3 2015
LLYELI LILLY & Co	$15.5M	1.50%	0.00%	+18.5%	Q3 2020
COSTCostco Wholesale Corp	$13.9M	1.35%	0.00%	+28.4%	Q3 2013
RTXRTX Corp	$11.8M	1.14%	0.00%	+39.3%	Q2 2020
AMZNAmazon Com Inc	$11.2M	1.08%	0.00%	+11.7%	Q3 2013
BRK.BBerkshire Hathaway Inc	$9.9M	0.96%	Not reported	+1.9%	Q4 2022
PANWPalo Alto Networks Inc	$9.74M	0.94%	0.00%	+7.4%	Q1 2022
XOMExxonMobil Holdings Corp	$9.25M	0.90%	0.00%	+22.6%	Q3 2013
CATCaterpillar Inc	$8.87M	0.86%	0.00%	+3.6%	Q2 2018
VRTXVertex Pharmaceuticals Inc / Ma	$8.38M	0.81%	0.01%	+7.7%	Q1 2021
VVisa Inc.	$8.22M	0.80%	0.00%	+12.2%	Q3 2013
VRTVertiv Holdings Co	$7.98M	0.77%	0.01%	-1.1%	Q1 2024
ABBVAbbVie Inc.	$7.88M	0.76%	0.00%	+10.0%	Q3 2013
TSMTaiwan Semiconductor Manufacturing Co Ltd	$7.83M	0.76%	0.00%	-1.7%	Q3 2013
ETNEaton Corp plc	$7.41M	0.72%	0.00%	+34.3%	Q3 2020
GSGoldman Sachs Group Inc	$7.09M	0.69%	0.00%	+12.0%	Q3 2013
EPDEnterprise Products Partners L.P.	$7.03M	0.68%	0.01%	-0.3%	Q3 2013
JNJJohnson & Johnson	$6.99M	0.68%	0.00%	+55.9%	Q3 2013
BLKBlackRock, Inc.	$6.6M	0.64%	0.00%	+48.7%	Q3 2013
LINLinde PLC	$6.46M	0.62%	0.00%	+10.7%	Q4 2018
DELLDell Technologies Inc.	$5.71M	0.55%	0.00%	+6.5%	Q4 2021
NEENextera Energy Inc	$5.48M	0.53%	0.00%	+66.1%	Q3 2014
ROKRockwell Automation, Inc	$5.37M	0.52%	0.01%	+4.5%	Q4 2020
ISRGIntuitive Surgical Inc	$5.08M	0.49%	0.00%	+17.9%	Q1 2022
TMOThermo Fisher Scientific Inc.	$5M	0.48%	0.00%	+23.2%	Q3 2013
GOOGAlphabet Inc.	$4.96M	0.48%	Not reported	-6.1%	Q3 2015
TJXTJX Companies Inc	$4.82M	0.47%	0.00%	+74.3%	Q2 2021
BKRBaker Hughes Co	$4.81M	0.47%	0.01%	+20.3%	Q3 2021
SPGIS&P Global Inc.	$4.65M	0.45%	0.00%	+2.6%	Q1 2021
MAMastercard Inc	$4.57M	0.44%	0.00%	+110.0%	Q3 2013
HDHome Depot, Inc.	$4.33M	0.42%	0.00%	+5.7%	Q2 2015
COFCapital One Financial Corp	$4.2M	0.41%	0.00%	+31.9%	Q2 2015
MSMorgan Stanley	$4.19M	0.41%	0.00%	+2.9%	Q3 2020
LOWLowes Companies Inc	$3.8M	0.37%	0.00%	+68.5%	Q3 2013
DRIDarden Restaurants Inc	$3.48M	0.34%	0.01%	+41.1%	Q3 2022
UNPUnion Pacific Corp	$3.47M	0.34%	0.00%	-0.1%	Q3 2013
ABTAbbott Laboratories	$3.43M	0.33%	0.00%	-5.0%	Q3 2013
SOSouthern Co	$3.18M	0.31%	0.00%	+82.1%	Q2 2021
CRWDCrowdStrike Holdings, Inc.	$3.16M	0.31%	0.00%	+296.5%	Q4 2020
WMWaste Management Inc	$3.08M	0.30%	0.00%	+28.5%	Q3 2020
ULTAUlta Beauty, Inc.	$3.02M	0.29%	0.02%	+97.4%	Q3 2019
MRVLMarvell Technology, Inc.	$3M	0.29%	0.00%	-19.5%	Q3 2020
DEDeere & Co	$2.88M	0.28%	0.00%	+19.8%	Q3 2020

Q1 2026Reported May 12, 2026183 positions
BRK.ABerkshire Hathaway Inc	$399M	46.58%	Not reported	-0.2%	Q3 2013
AVGOBroadcom Inc.	$22.1M	2.58%	0.00%	-2.8%	Q1 2016
NVDANvidia Corp	$19.9M	2.33%	0.00%	-1.2%	Q4 2017
LRCXLam Research Corp	$18.9M	2.21%	0.01%	-9.7%	Q1 2016
AAPLApple Inc.	$17.9M	2.09%	0.00%	+0.9%	Q3 2013
JPMJPMorgan Chase & Co	$14.2M	1.66%	0.00%	+0.1%	Q3 2013
MSFTMicrosoft Corp	$12.2M	1.43%	0.00%	+1.7%	Q3 2013
COSTCostco Wholesale Corp	$11.5M	1.35%	0.00%	+2.0%	Q3 2013
LLYELI LILLY & Co	$10.1M	1.18%	0.00%	-0.3%	Q3 2020
GOOGLAlphabet Inc.	$9.62M	1.12%	0.00%	-0.5%	Q3 2015
XOMExxonMobil Holdings Corp	$9.37M	1.09%	0.00%	-1.9%	Q3 2013
BRK.BBerkshire Hathaway Inc	$9.31M	1.09%	Not reported	+6.9%	Q4 2022
AMZNAmazon Com Inc	$8.73M	1.02%	0.00%	+1.8%	Q3 2013
RTXRTX Corp	$8.59M	1.00%	0.00%	-0.7%	Q2 2020
EPDEnterprise Products Partners L.P.	$7.26M	0.85%	0.01%	-0.1%	Q3 2013
VRTXVertex Pharmaceuticals Inc / Ma	$6.99M	0.82%	0.01%	+0.7%	Q1 2021
VVisa Inc.	$6.46M	0.75%	0.00%	+0.2%	Q3 2013
ABBVAbbVie Inc.	$6.19M	0.72%	0.00%	-0.4%	Q3 2013
VRTVertiv Holdings Co	$6.04M	0.71%	0.01%	+0.3%	Q1 2024
CATCaterpillar Inc	$5.7M	0.67%	0.00%	-1.9%	Q2 2018
TSMTaiwan Semiconductor Manufacturing Co Ltd	$5.63M	0.66%	0.00%	+1.0%	Q3 2013
LINLinde PLC	$5.57M	0.65%	0.00%	-0.4%	Q4 2018
GSGoldman Sachs Group Inc	$5.29M	0.62%	0.00%	-0.8%	Q3 2013
ISRGIntuitive Surgical Inc	$4.99M	0.58%	0.00%	+2.5%	Q1 2022
SPGIS&P Global Inc.	$4.74M	0.55%	0.00%	+6.4%	Q1 2021
ETNEaton Corp plc	$4.63M	0.54%	0.00%	+0.1%	Q3 2020
BLKBlackRock, Inc.	$4.44M	0.52%	0.00%	Not reported	Q3 2013
BKRBaker Hughes Co	$4.4M	0.51%	0.01%	-2.8%	Q3 2021
JNJJohnson & Johnson	$4.32M	0.50%	0.00%	-0.3%	Q3 2013
GOOGAlphabet Inc.	$4.29M	0.50%	Not reported	-3.2%	Q3 2015
PANWPalo Alto Networks Inc	$4.26M	0.50%	0.00%	+7.9%	Q1 2022
ABTAbbott Laboratories	$4.09M	0.48%	0.00%	+0.7%	Q3 2013
TMOThermo Fisher Scientific Inc.	$3.98M	0.47%	0.00%	-0.1%	Q3 2013
HDHome Depot, Inc.	$3.82M	0.45%	0.00%	+5.3%	Q2 2015
ROKRockwell Automation, Inc	$3.72M	0.44%	0.01%	-0.1%	Q4 2020
NEENextera Energy Inc	$3.49M	0.41%	0.00%	-0.3%	Q3 2014
MSMorgan Stanley	$3.21M	0.38%	0.00%	-0.9%	Q3 2020
UNPUnion Pacific Corp	$3.1M	0.36%	0.00%	-0.1%	Q3 2013
TJXTJX Companies Inc	$2.92M	0.34%	0.00%	+0.4%	Q2 2021
COFCapital One Financial Corp	$2.9M	0.34%	0.00%	+7.4%	Q2 2015
ZTSZoetis Inc.	$2.59M	0.30%	0.01%	+0.6%	Q3 2013
ADSKAutodesk, Inc.	$2.55M	0.30%	0.01%	+120.6%	Q4 2015
WMWaste Management Inc	$2.47M	0.29%	0.00%	-0.4%	Q3 2020
LOWLowes Companies Inc	$2.42M	0.28%	0.00%	Not reported	Q3 2013
DRIDarden Restaurants Inc	$2.35M	0.27%	0.01%	-0.6%	Q3 2022
MCDMcdonalds Corp	$2.26M	0.26%	0.00%	-3.7%	Q2 2018
DHRDanaher Corp	$2.26M	0.26%	0.00%	-1.7%	Q3 2013
DEDeere & Co	$2.13M	0.25%	0.00%	+14.9%	Q3 2020
MAMastercard Inc	$2.12M	0.25%	0.00%	Not reported	Q3 2013
FCXFreeport-Mcmoran Inc	$2.1M	0.25%	0.00%	-4.3%	Q3 2013

Q4 2025Reported Feb 13, 2026180 positions
BRK.ABerkshire Hathaway Inc	$420M	47.38%	Not reported	Not reported	Q3 2013
AVGOBroadcom Inc.	$25.4M	2.87%	0.00%	+1.7%	Q1 2016
NVDANvidia Corp	$21.6M	2.43%	0.00%	-2.2%	Q4 2017
AAPLApple Inc.	$19M	2.15%	0.00%	-3.5%	Q3 2013
LRCXLam Research Corp	$16.8M	1.90%	0.01%	-1.9%	Q1 2016
MSFTMicrosoft Corp	$15.7M	1.77%	0.00%	-0.9%	Q3 2013
JPMJPMorgan Chase & Co	$15.5M	1.75%	0.00%	-1.4%	Q3 2013
LLYELI LILLY & Co	$11.8M	1.33%	0.00%	-0.9%	Q3 2020
GOOGLAlphabet Inc.	$10.5M	1.19%	0.00%	-0.6%	Q3 2015
COSTCostco Wholesale Corp	$9.79M	1.11%	0.00%	+2.8%	Q3 2013
AMZNAmazon Com Inc	$9.51M	1.07%	0.00%	-0.4%	Q3 2013
BRK.BBerkshire Hathaway Inc	$9.14M	1.03%	Not reported	-4.2%	Q4 2022
RTXRTX Corp	$8.23M	0.93%	0.00%	+3.7%	Q2 2020
VVisa Inc.	$7.48M	0.84%	0.00%	-1.0%	Q3 2013
VRTXVertex Pharmaceuticals Inc / Ma	$7.05M	0.80%	0.01%	-1.2%	Q1 2021
XOMExxonMobil Holdings Corp	$6.78M	0.77%	0.00%	-1.0%	Q3 2013
ABBVAbbVie Inc.	$6.52M	0.74%	0.00%	-1.5%	Q3 2013
EPDEnterprise Products Partners L.P.	$6.16M	0.69%	0.01%	-0.2%	Q3 2013
ISRGIntuitive Surgical Inc	$5.98M	0.68%	0.00%	0.0%	Q1 2022
GSGoldman Sachs Group Inc	$5.54M	0.63%	0.00%	-1.7%	Q3 2013
SPGIS&P Global Inc.	$5.47M	0.62%	0.00%	+2.2%	Q1 2021
TSMTaiwan Semiconductor Manufacturing Co Ltd	$5.02M	0.57%	0.00%	-0.5%	Q3 2013
ABTAbbott Laboratories	$4.96M	0.56%	0.00%	+0.2%	Q3 2013
BLKBlackRock, Inc.	$4.94M	0.56%	0.00%	-0.7%	Q3 2013
GOOGAlphabet Inc.	$4.85M	0.55%	Not reported	-2.1%	Q3 2015
LINLinde PLC	$4.81M	0.54%	0.00%	-6.0%	Q4 2018
TMOThermo Fisher Scientific Inc.	$4.7M	0.53%	0.00%	-1.7%	Q3 2013
CATCaterpillar Inc	$4.7M	0.53%	0.00%	-4.5%	Q2 2018
PANWPalo Alto Networks Inc	$4.54M	0.51%	0.00%	+1.6%	Q1 2022
ETNEaton Corp plc	$4.12M	0.47%	0.00%	+1.8%	Q3 2020
ROKRockwell Automation, Inc	$4.04M	0.46%	0.01%	-1.5%	Q4 2020
VRTVertiv Holdings Co	$3.89M	0.44%	0.01%	-1.1%	Q1 2024
HDHome Depot, Inc.	$3.8M	0.43%	0.00%	-4.9%	Q2 2015
JNJJohnson & Johnson	$3.67M	0.41%	0.00%	-1.3%	Q3 2013
COFCapital One Financial Corp	$3.58M	0.40%	0.00%	+6.2%	Q2 2015
MSMorgan Stanley	$3.49M	0.39%	0.00%	0.0%	Q3 2020
BKRBaker Hughes Co	$3.38M	0.38%	0.01%	+0.9%	Q3 2021
NEENextera Energy Inc	$3.03M	0.34%	0.00%	-1.2%	Q3 2014
UNPUnion Pacific Corp	$2.96M	0.33%	0.00%	-2.2%	Q3 2013
TJXTJX Companies Inc	$2.8M	0.32%	0.00%	-1.1%	Q2 2021
SPYSPDR S&P 500 ETF Trust	$2.79M	0.32%	Not reported	-0.6%	Q3 2013
DHRDanaher Corp	$2.77M	0.31%	0.00%	-2.7%	Q3 2013
ZTSZoetis Inc.	$2.74M	0.31%	0.01%	-5.0%	Q3 2013
ACNAccenture plc	$2.66M	0.30%	0.00%	-6.9%	Q3 2013
AXPAmerican Express Co	$2.54M	0.29%	0.00%	-1.1%	Q3 2013
LOWLowes Companies Inc	$2.47M	0.28%	0.00%	-5.5%	Q3 2013
MAMastercard Inc	$2.42M	0.27%	0.00%	Not reported	Q3 2013
WMWaste Management Inc	$2.37M	0.27%	0.00%	Not reported	Q3 2020
MCDMcdonalds Corp	$2.31M	0.26%	0.00%	-0.1%	Q2 2018
DRIDarden Restaurants Inc	$2.22M	0.25%	0.01%	+12.3%	Q3 2022

Q3 2025Reported Nov 10, 2025180 positions
BRK.ABerkshire Hathaway Inc	$419M	48.01%	Not reported	Not reported	Q3 2013
AVGOBroadcom Inc.	$23.8M	2.73%	0.00%	-5.4%	Q1 2016
NVDANvidia Corp	$22.1M	2.52%	0.00%	-2.3%	Q4 2017
AAPLApple Inc.	$18.5M	2.11%	0.00%	+0.1%	Q3 2013
MSFTMicrosoft Corp	$16.9M	1.94%	0.00%	-0.1%	Q3 2013
JPMJPMorgan Chase & Co	$15.4M	1.76%	0.00%	-0.4%	Q3 2013
LRCXLam Research Corp	$13.4M	1.53%	0.01%	-1.7%	Q1 2016
COSTCostco Wholesale Corp	$10.2M	1.17%	0.00%	+10.6%	Q3 2013
BRK.BBerkshire Hathaway Inc	$9.54M	1.09%	Not reported	+0.7%	Q4 2022
AMZNAmazon Com Inc	$9.08M	1.04%	0.00%	-1.2%	Q3 2013
LLYELI LILLY & Co	$8.45M	0.97%	0.00%	+15.7%	Q3 2020
GOOGLAlphabet Inc.	$8.22M	0.94%	0.00%	-1.5%	Q3 2015
VVisa Inc.	$7.35M	0.84%	0.00%	+0.1%	Q3 2013
RTXRTX Corp	$7.24M	0.83%	0.00%	+30.5%	Q2 2020
ABBVAbbVie Inc.	$6.71M	0.77%	0.00%	+1.6%	Q3 2013
XOMExxonMobil Holdings Corp	$6.41M	0.73%	0.00%	+1.0%	Q3 2013
VRTXVertex Pharmaceuticals Inc / Ma	$6.17M	0.71%	0.01%	+8.3%	Q1 2021
EPDEnterprise Products Partners L.P.	$6.02M	0.69%	0.01%	-0.1%	Q3 2013
LINLinde PLC	$5.71M	0.65%	0.00%	-1.9%	Q4 2018
BLKBlackRock, Inc.	$5.42M	0.62%	0.00%	+1.6%	Q3 2013
ABTAbbott Laboratories	$5.29M	0.61%	0.00%	+4.0%	Q3 2013
GSGoldman Sachs Group Inc	$5.11M	0.59%	0.00%	+2.8%	Q3 2013
SPGIS&P Global Inc.	$4.99M	0.57%	0.00%	+1.4%	Q1 2021
PANWPalo Alto Networks Inc	$4.94M	0.57%	0.00%	+16.4%	Q1 2022
ETNEaton Corp plc	$4.76M	0.54%	0.00%	-3.5%	Q3 2020
ISRGIntuitive Surgical Inc	$4.72M	0.54%	0.00%	+7.2%	Q1 2022
HDHome Depot, Inc.	$4.71M	0.54%	0.00%	+0.9%	Q2 2015
TSMTaiwan Semiconductor Manufacturing Co Ltd	$4.63M	0.53%	0.00%	-0.3%	Q3 2013
CATCaterpillar Inc	$4.09M	0.47%	0.00%	-2.2%	Q2 2018
TMOThermo Fisher Scientific Inc.	$4M	0.46%	0.00%	+0.1%	Q3 2013
GOOGAlphabet Inc.	$3.84M	0.44%	Not reported	+0.3%	Q3 2015
ROKRockwell Automation, Inc	$3.68M	0.42%	0.01%	-0.7%	Q4 2020
VRTVertiv Holdings Co	$3.67M	0.42%	0.01%	Not reported	Q1 2024
BKRBaker Hughes Co	$3.58M	0.41%	0.01%	-2.4%	Q3 2021
ZTSZoetis Inc.	$3.36M	0.38%	0.01%	-3.1%	Q3 2013
JNJJohnson & Johnson	$3.33M	0.38%	0.00%	+1.5%	Q3 2013
MSMorgan Stanley	$3.13M	0.36%	0.00%	-1.0%	Q3 2020
UNPUnion Pacific Corp	$3.09M	0.35%	0.00%	-17.1%	Q3 2013
COFCapital One Financial Corp	$2.96M	0.34%	0.00%	+6.4%	Q2 2015
NEENextera Energy Inc	$2.88M	0.33%	0.00%	+4.2%	Q3 2014
SPYSPDR S&P 500 ETF Trust	$2.75M	0.31%	Not reported	-4.5%	Q3 2013
LOWLowes Companies Inc	$2.72M	0.31%	0.00%	-3.0%	Q3 2013
TJXTJX Companies Inc	$2.66M	0.30%	0.00%	+0.8%	Q2 2021
ACNAccenture plc	$2.62M	0.30%	0.00%	-5.1%	Q3 2013
TSCOTractor Supply Co	$2.58M	0.29%	0.01%	-4.7%	Q3 2013
AMTAmerican Tower Corp	$2.56M	0.29%	0.00%	0.0%	Q3 2013
DHRDanaher Corp	$2.47M	0.28%	0.00%	-2.4%	Q3 2013
MAMastercard Inc	$2.41M	0.28%	0.00%	Not reported	Q3 2013
WMWaste Management Inc	$2.38M	0.27%	0.00%	+2.9%	Q3 2020
TMUST-Mobile US, Inc.	$2.34M	0.27%	0.00%	-0.1%	Q1 2023

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