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Portfolio (Quarterly) Guide ↗

Baldwin Investment Management, LLC

· CIK 0001346378
13F Portfolio $1.0B AUM 231 positions Filed Jul 28, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 30 New 100 Added 54 Reduced 9 Exited
Page 6 of 12  ·  231 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 AON Aon PLC Financial Services 3,445.0 $1.1M 0.11% +3K +282.8% $331.69 +3.5%
102 ZTS Zoetis Inc Healthcare 15,799.0 $1.1M 0.11% -6K -28.0% $71.86 +2.9%
103 MRK Merck & Co Inc Healthcare 8,728.0 $1.1M 0.11% +3K +62.5% $128.50 +5.2%
104 YUM Yum! Brands Inc Consumer Cyclical 6,957.0 $1.1M 0.11% +285.0 +4.3% $159.86 -9.4%
105 ARCC Ares Capital Corp Financial Services 59,409.0 $1.1M 0.11% -783.0 -1.3% $18.53 +6.2%
106 LHX L3Harris Technologies Industrials 3,740.0 $1.1M 0.10% -75.0 -2.0% $290.59 -3.8%
107 XLK Technology Select Sector SPDR Fund 5,700.0 $1.1M 0.10% $190.52 -2.6%
108 CME CME Group Inc Financial Services 4,912.0 $1.1M 0.10% +449.0 +10.1% $220.83 +23.0%
109 PLD Prologis Inc Real Estate 7,961.0 $1.1M 0.10% $135.47 +3.4%
110 NXPI NXP Semiconductors N.V. Technology 3,837.0 $1.1M 0.10% -398.0 -9.4% $281.03 -18.7%
111 PFE Pfizer Inc. Healthcare 44,312.0 $1.1M 0.10% +8K +21.7% $24.08 +13.2%
112 BA Boeing Co Industrials 4,880.0 $1.1M 0.10% +660.0 +15.6% $216.47 +3.0%
113 SCHD Schwab US Dividend Equity ETF 33,305.0 $1.1M 0.10% +8K +34.1% $31.71 +8.8%
114 UNH UnitedHealth Group Healthcare 2,529.0 $1.1M 0.10% -365.0 -12.6% $415.63 -5.2%
115 GEV GE Vernova Inc. Utilities 874.0 $1.0M 0.10% +454.0 +108.1% $1174.86 -14.5%
116 SHOP Shopify Inc Technology 8,923.0 $1.0M 0.10% +500.0 +5.9% $114.18 +28.4%
117 PG Procter & Gamble Co. Consumer Defensive 6,863.0 $1.0M 0.10% +950.0 +16.1% $146.63 -2.2%
118 NVO Novo Nordisk Healthcare 20,958.0 $1.0M 0.10% -591.0 -2.7% $47.94 -4.7%
119 ADI Analog Devices Inc Technology 2,510.0 $997K 0.10% -500.0 -16.6% $397.17 -5.2%
120 Cencora Inc 3,400.0 $962K 0.09% $282.98
Page 6 of 12  ·  231 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 35.5%
Financial Services 13.9%
Healthcare 12.4%
Industrials 11.4%
Consumer Cyclical 7.7%
Communication Services 5.6%
Consumer Defensive 4.5%
Energy 3.5%
Basic Materials 2.4%
Utilities 2.2%