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Baldwin Investment Management, LLC

· CIK 0001346378
13F Portfolio $855.7B AUM 210 positions Filed May 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025
10 New 48 Added 52 Reduced 7 Exited
# Ticker Company Sector Shares Value % Port Chg Shares Chg %
1 BRK/A Berkshire Hathaway Inc A 555 $398.6M 46.58%
2 AVGO Broadcom Limited Technology 71,361 $22.1M 2.58% -2K -2.8%
3 NVDA Nvidia Corp Technology 114,277 $19.9M 2.33% -1K -1.2%
4 LRCX Lam Research Corp Technology 88,594 $18.9M 2.21% -10K -9.7%
5 AAPL Apple Inc Technology 70,571 $17.9M 2.09% +621 +0.9%
6 JPM J.P. Morgan Chase & Co Financial Services 48,174 $14.2M 1.66%
7 MSFT Microsoft Corp Technology 32,974 $12.2M 1.43% +563 +1.7%
8 COST Costco Wholesale Corp Consumer Defensive 11,581 $11.5M 1.35% +225 +2.0%
9 LLY Eli Lilly & Company Healthcare 10,940 $10.1M 1.18%
10 GOOGL Alphabet Inc Class A Communication Services 33,454 $9.6M 1.12% -175 -0.5%
11 XOM Exxon Mobil Corporation Energy 55,219 $9.4M 1.09% -1K -1.9%
12 VNQ Berkshire Hathaway Inc B 19,428 $9.3M 1.09% +1K +6.9%
13 AMZN Amazon.com Inc Consumer Cyclical 41,916 $8.7M 1.02% +724 +1.8%
14 RTX RTX Corp Industrials 44,529 $8.6M 1.00% -324 -0.7%
15 EPD Enterprise Products Partners Energy 191,838 $7.3M 0.85%
16 VRTX Vertex Pharmaceuticals Healthcare 15,662 $7.0M 0.82% +108 +0.7%
17 V Visa Inc. Financial Services 21,372 $6.5M 0.76%
18 ABBV Abbvie Inc Healthcare 28,449 $6.2M 0.72%
19 VRT Vertiv Holdings Co Industrials 24,092 $6.0M 0.71%
20 CAT Caterpillar Inc Industrials 8,040 $5.7M 0.67% -159 -1.9%
21 TSM Taiwan Semiconductor Manufacturing ADR Technology 16,672 $5.6M 0.66% +165 +1.0%
22 LIN Linde PLC Basic Materials 11,242 $5.6M 0.65%
23 VOO Vanguard S&P 500 Etf 9,177 $5.5M 0.64% +293 +3.3%
24 GS Goldman Sachs Group Inc Financial Services 6,256 $5.3M 0.62% -52 -0.8%
25 ISRG Intuitive Surgical Healthcare 10,825 $5.0M 0.58% +259 +2.5%
26 SPGI S&P Global Inc Financial Services 11,137 $4.7M 0.55% +666 +6.4%
27 ETN Eaton Corp Industrials 12,950 $4.6M 0.54%
28 TDY Blackrock Inc Technology 4,617 $4.4M 0.52%
29 BKR Baker Hughes Co Energy 72,062 $4.4M 0.51% -2K -2.8%
30 JNJ Johnson & Johnson Healthcare 17,653 $4.3M 0.50%
31 GOOGL Alphabet Inc Class C Communication Services 14,951 $4.3M 0.50% -490 -3.2%
32 PANW Palo Alto Networks Technology 26,583 $4.3M 0.50% +2K +7.8%
33 ABT Abbott Laboratories Healthcare 39,819 $4.1M 0.48% +263 +0.7%
34 TMO Thermo Fisher Scientific Healthcare 8,102 $4.0M 0.47%
35 HD Home Depot Inc Consumer Cyclical 11,628 $3.8M 0.45% +585 +5.3%
36 ROK Rockwell Automation Industrials 10,377 $3.7M 0.43%
37 NEE Nextera Energy Utilities 37,608 $3.5M 0.41%
38 MS Morgan Stanley & Co Financial Services 19,501 $3.2M 0.38% -172 -0.9%
39 UNP Union Pacific Corp Industrials 12,778 $3.1M 0.36%
40 TJX TJX Inc Consumer Cyclical 18,271 $2.9M 0.34%
41 COF Capital One Financial Financial Services 15,882 $2.9M 0.34% +1K +7.4%
42 VTI Vanguard Total Stock Market ETF 8,480 $2.7M 0.32% +843 +11.0%
43 ZTS Zoetis Inc Healthcare 21,952 $2.6M 0.30% +135 +0.6%
44 ADSK Autodesk Inc Technology 10,657 $2.6M 0.30% +6K +120.5%
45 WM Waste Management Inc Industrials 10,746 $2.5M 0.29%
46 LOW Lowes Companies Inc Consumer Cyclical 10,232 $2.4M 0.28%
47 DRI Darden Restaurants Inc Consumer Cyclical 11,971 $2.3M 0.27% -75 -0.6%
48 MCD McDonald's Corp Consumer Cyclical 7,283 $2.3M 0.27% -280 -3.7%
49 DHR Danaher Corp Healthcare 11,900 $2.3M 0.26% -200 -1.6%
50 DE Deere & Co Industrials 3,785 $2.1M 0.25% +490 +14.9%
51 MA Mastercard Inc Financial Services 4,238 $2.1M 0.25%
52 FCX Freeport McMoRan Basic Materials 35,712 $2.1M 0.24% -2K -4.3%
53 AXP American Express Co Financial Services 6,860 $2.1M 0.24%
54 DELL Dell Inc Technology 12,427 $2.0M 0.24% +6K +96.7%
55 Chubb Corp. 6,193 $2.0M 0.24% -100 -1.6%
56 TSCO Tractor Supply Company Consumer Cyclical 44,275 $2.0M 0.23%
57 VXUS Vanguard Total Interntl Stk 24,913 $1.9M 0.23% -830 -3.2%
58 TMUS T-Mobile US Communication Services 9,105 $1.9M 0.22% -500 -5.2%
59 Icici Bank Ltd Adr 73,838 $1.9M 0.22% +6K +9.5%
60 ACN Accenture Plc Technology 9,534 $1.9M 0.22% -365 -3.7%
61 IJR iShares S&P Smallcap 600 14,919 $1.9M 0.22% +141 +0.9%
62 LRGF S&P DEP Receipts 2,847 $1.9M 0.22% -1K -30.5%
63 PEP Pepsico Inc. Consumer Defensive 11,694 $1.8M 0.21%
64 AMT American Tower REIT Real Estate 10,476 $1.8M 0.21% +175 +1.7%
65 ULTA Ulta Beauty Inc. Consumer Cyclical 3,389 $1.8M 0.21%
66 CVX Chevron Corp. Energy 8,550 $1.8M 0.21%
67 ASML ASML Holdings NV Technology 1,334 $1.8M 0.21%
68 SOJF Southern Company Utilities 18,237 $1.8M 0.21% +1K +7.0%
69 IBM International Business Machines Corp Technology 7,239 $1.8M 0.20% +530 +7.9%
70 DIS Walt Disney Co Communication Services 18,080 $1.7M 0.20% +8K +80.0%
71 VKTX Viking Holdings Healthcare 21,910 $1.6M 0.19% -1K -4.8%
72 AXTA Axalta Coating Systems Basic Materials 54,029 $1.5M 0.17% -4K -7.3%
73 META Meta Platforms Inc Communication Services 2,611 $1.5M 0.17% +289 +12.4%
74 WMT Wal-Mart Stores Inc. Consumer Defensive 11,587 $1.4M 0.17% +2K +18.4%
75 SNPS Synopsys Inc Technology 3,605 $1.4M 0.17% +506 +16.3%
76 ICE Intercontinental Exchange Financial Services 8,964 $1.4M 0.17%
77 FANG Diamondback Energy Energy 7,103 $1.4M 0.16% -1K -15.1%
78 BWA Borg Warner Inc Consumer Cyclical 25,457 $1.4M 0.16% +1K +6.0%
79 BX Blackstone Inc Financial Services 12,009 $1.4M 0.16%
80 HON Honeywell International Industrials 5,975 $1.4M 0.16%
81 MTD Mettler Toledo Intl Inc Healthcare 1,061 $1.3M 0.16%
82 Corteva Agriscience Inc 15,929 $1.3M 0.16%
83 SBUX Starbucks Corp Consumer Cyclical 14,750 $1.3M 0.15%
84 CME CME Group Inc Financial Services 4,463 $1.3M 0.15%
85 LHX L3Harris Technologies Industrials 3,815 $1.3M 0.15% -77 -2.0%
86 VOT Vanguard Mid Cap Growth 5,000 $1.3M 0.15%
87 MRVL Marvell Technology Group Technology 12,510 $1.2M 0.14% +2K +22.6%
88 RYAAY RyanAir Holdings PLC 20,689 $1.2M 0.14%
89 FSLR First Solar Inc Energy 5,913 $1.2M 0.14% -100 -1.7%
90 EW Edwards Lifesciences Corp Healthcare 14,320 $1.1M 0.13% -775 -5.1%
91 NKE Nike Inc Consumer Cyclical 21,627 $1.1M 0.13%
92 MDLZ Mondelez International Consumer Defensive 19,533 $1.1M 0.13% -149 -0.8%
93 TT Trane Technologies Plc Industrials 2,670 $1.1M 0.13%
94 ARCC Ares Capital Corp Financial Services 60,192 $1.1M 0.13% -1K -2.2%
95 COR Cencora Inc Healthcare 3,408 $1.1M 0.12%
96 RSP Rydex S&P Equal Weight ETF 5,505 $1.1M 0.12% -31 -0.6%
97 PLD Prologis Inc Real Estate 7,973 $1.1M 0.12% -160 -2.0%
98 YUM Yum! Brands Inc Consumer Cyclical 6,672 $1.0M 0.12%
99 PFE Pfizer Inc. Healthcare 36,398 $1.0M 0.12% -2K -5.3%
100 CSCO Cisco Systems Inc Technology 13,172 $1.0M 0.12%
101 VBR Vanguard Small Cap Value 4,702 $1.0M 0.12% +48 +1.0%
102 ADBE Adobe Inc Technology 4,161 $1.0M 0.12% -1K -22.5%
103 INFY Infosys Technologies Ltd Technology 74,840 $1.0M 0.12%
104 EXE Expand Energy Corp Energy 9,188 $1.0M 0.12% +2K +21.2%
105 SHOP Shopify Inc Technology 8,423 $999K 0.12%
106 KO Coca Cola Co. Consumer Defensive 12,720 $967K 0.11%
107 ZS Zscaler Inc Technology 6,887 $966K 0.11%
108 MCK McKesson Corp Healthcare 1,110 $961K 0.11% -75 -6.3%
109 DUK Duke Energy Corp. Utilities 7,322 $959K 0.11% -504 -6.4%
110 ADI Analog Devices Inc Technology 3,010 $958K 0.11%
111 DDOG Datadog Inc Technology 8,035 $949K 0.11% -495 -5.8%
112 BROS Dutch Bros Inc Consumer Cyclical 18,435 $934K 0.11% +900 +5.1%
113 APD Air Products and Chemicals Inc Basic Materials 3,103 $901K 0.10%
114 BAC Bank of America Corp Financial Services 18,475 $901K 0.10%
115 VMC Vulcan Materials Company Basic Materials 3,238 $882K 0.10%
116 KMB Kimberly Clark Corp Consumer Defensive 8,857 $854K 0.10% -2K -21.8%
117 PG Procter & Gamble Co. Consumer Defensive 5,913 $854K 0.10%
118 BA Boeing Co Industrials 4,220 $840K 0.10% +2K +87.8%
119 NXPI NXP Semiconductors N.V. Technology 4,235 $834K 0.10%
120 IWR iShares Russell Midcap Index Fd 8,363 $813K 0.10%
121 NVO Novo Nordisk Healthcare 21,549 $792K 0.09%
122 UNH UnitedHealth Group Healthcare 2,894 $783K 0.09% +20 +0.7%
123 LMT Lockheed Martin Corp Industrials 1,275 $771K 0.09%
124 WELL Welltower Inc Real Estate 3,876 $766K 0.09% -200 -4.9%
125 SCHD Schwab US Dividend Equity ETF 24,839 $762K 0.09% +4K +16.4%
126 GXO GXO Logistics Inc Industrials 14,667 $760K 0.09% -325 -2.2%
127 XLK Technology Select Sector SPDR Fund 5,700 $758K 0.09%
128 SCHF Schwab International Equity Fund 30,153 $746K 0.09%
129 ORCL Oracle Corp Technology 4,975 $732K 0.09% -2K -32.0%
130 BEP Brookfield Renewable Partners LP Utilities 21,459 $700K 0.08%
131 BSX Boston Scientific Corp Healthcare 11,035 $692K 0.08% -2K -13.7%
132 FTV Fortive Corp Technology 12,461 $689K 0.08%
133 INDA Ishares MSCI India Index 14,596 $684K 0.08% -4K -22.1%
134 CTAS Cintas Corp Industrials 4,000 $677K 0.08%
135 EWJ iShares MSCI Japan Index Fund 7,921 $669K 0.08%
136 CI Cigna Corporation Healthcare 2,500 $667K 0.08%
137 GLW Corning Inc Technology 4,860 $661K 0.08% -2K -32.5%
138 CMI Cummins Inc Industrials 1,225 $659K 0.08% -15 -1.2%
139 MRK Merck & Co Inc Healthcare 5,370 $646K 0.07%
140 ADP Automatic Data Processing Inc Industrials 3,104 $631K 0.07%
141 NFLX Netflix Inc Communication Services 6,550 $630K 0.07% +3K +96.1%
142 VIGI Vanguard Dividend Appreciation ETF 2,906 $625K 0.07%
143 IWM Ishares Tr Russell 2000 Index Fd 2,518 $624K 0.07% +206 +8.9%
144 BVXB Itau UniBanco Multiplo ADR 74,449 $624K 0.07%
145 CARR Carrier Global Corp Industrials 10,940 $616K 0.07% -100 -0.9%
146 TIP iShares TIPS Bond Fund 5,200 $574K 0.07%
147 IMNM Immunome, Inc. Healthcare 25,394 $570K 0.07% -22K -46.2%
148 PNC PNC Financial Services Group Inc Financial Services 2,708 $564K 0.07%
149 SRAD Sportradar Group Technology 32,627 $546K 0.06%
150 CUK Carnival Corp Consumer Cyclical 21,049 $545K 0.06% NEW
151 PLTR Palantir Technologies In Technology 3,676 $538K 0.06% NEW
152 VOE Vanguard Mid Cap Value 2,847 $525K 0.06%
153 PH Parker Hannifin Corp Industrials 578 $517K 0.06% -25 -4.2%
154 BMY Bristol-Myers Squibb Healthcare 8,400 $509K 0.06%
155 AMRZ Amrize AG Basic Materials 9,055 $507K 0.06% +75 +0.8%
156 UBER Uber Technologies Inc Technology 6,863 $494K 0.06% -9K -56.5%
157 SCHB Schwab US Broad Market ETF 19,212 $482K 0.06%
158 CL Colgate Palmolive Co Consumer Defensive 5,563 $474K 0.06%
159 PSX Phillips 66 Energy 2,600 $474K 0.06%
160 HBC2 HSBC PLC Spon ADR 5,707 $471K 0.06%
161 Iqvia Hldgs Inc 2,758 $470K 0.06% +200 +7.8%
162 CLV Trip.com Group Ltd 9,442 $470K 0.06%
163 VWO Vanguard FTSE Emerging Mkt ETF 8,688 $470K 0.06%
164 JCI Johnson Controls Inc Industrials 3,464 $454K 0.05%
165 FLKR Franklin FTSE South Korea ETF 11,225 $448K 0.05% NEW
166 NVR NVR Inc Consumer Cyclical 65 $428K 0.05%
167 LDOS Leidos Holdings Inc Technology 2,750 $428K 0.05%
168 CRWD Crowdstrike Hldgs Inc Technology 1,045 $408K 0.05% +205 +24.4%
169 SHW Sherwin Williams Co Basic Materials 1,232 $395K 0.05%
170 CBT Cabot Corporation Basic Materials 5,230 $394K 0.05% -300 -5.4%
171 ALL Allstate Corp Financial Services 1,850 $384K 0.04%
172 MU Micron Technology Inc Technology 1,101 $372K 0.04% -199 -15.3%
173 EFA iShares MSCI EAFE Index Fund 3,825 $372K 0.04%
174 GEV GE Vernova Inc. Utilities 420 $367K 0.04% +63 +17.6%
175 XLI Industrial Select Sector SPDR Fund 2,226 $360K 0.04% +356 +19.0%
176 AVUV Avantis US Small Cap Value ETF 3,248 $359K 0.04% +498 +18.1%
177 IYW iShares Trust Dow Jones US Tech Fund 1,930 $350K 0.04%
178 CHKP Check Point Software Technologies Technology 2,451 $350K 0.04%
179 FDX FedEx Corp Industrials 977 $348K 0.04%
180 BIDU Baidu Inc ADR Communication Services 3,102 $346K 0.04%
181 EXP Eagle Materials Inc Basic Materials 1,800 $341K 0.04%
182 SHEL SHELL ADR EACH REP 2 ORD WI Energy 3,629 $337K 0.04%
183 CP Canadian Pacific Kansas City Ltd Industrials 4,185 $329K 0.04%
184 CSX C S X Corp Industrials 7,883 $324K 0.04%
185 EXC Exelon Corporation Utilities 6,450 $316K 0.04%
186 GLD SPDR Gold Trust Financial Services 726 $312K 0.04% +101 +16.2%
187 SYLD Cambria Shareholder Yield ETF 4,012 $303K 0.04% -177 -4.2%
188 DOV Dover Corp Industrials 1,450 $302K 0.04%
189 AON Aon PLC Financial Services 900 $291K 0.03%
190 VEA Vanguard FTSE Developed Markets ETF 4,493 $288K 0.03%
191 RPM RPM International Inc Basic Materials 2,750 $273K 0.03% -400 -12.7%
192 TTE TotalEnergies SE Energy 2,990 $272K 0.03% NEW
193 TSLA Tesla Inc Consumer Cyclical 729 $271K 0.03%
194 NUE Nucor Corp Basic Materials 1,453 $246K 0.03% -225 -13.4%
195 IJH Ishares Tr S&P Midcap 3,620 $244K 0.03%
196 VLO Valero Energy Corp Energy 960 $237K 0.03% NEW
197 SCHA Schwab US Small Cap ETF 8,156 $237K 0.03%
198 PEG Public Service Enterprise Group Utilities 2,900 $235K 0.03%
199 INCY Incyte Corporation Healthcare 2,480 $233K 0.03% +340 +15.9%
200 ON On Semiconductor Co Technology 3,735 $231K 0.03% NEW
201 MFG Mizuho Financial Group Inc Financial Services 28,800 $229K 0.03%
202 XYL Xylem Inc Industrials 1,907 $228K 0.03%
203 TOST Toast Inc Technology 8,450 $224K 0.03% NEW
204 EQIX Equinix Inc Real Estate 218 $214K 0.03% NEW
205 QQQM Powershares QQQ Trust 363 $210K 0.03% +28 +8.4%
206 EMR Emerson Electric Co Industrials 1,587 $208K 0.02%
207 WFC Wells Fargo & Co. Financial Services 2,572 $205K 0.02% +200 +8.4%
208 AMGN Amgen Inc Healthcare 579 $204K 0.02% NEW
209 HQL Abrdn Life Science Investors Financial Services 10,094 $164K 0.02% NEW
210 OCGN Ocugen Inc Healthcare 25,000 $45K 0.01%
Sector Allocation
Technology 32.0%
Healthcare 14.0%
Financial Services 12.0%
Industrials 11.6%
Consumer Cyclical 8.1%
Energy 6.7%
Communication Services 4.9%
Consumer Defensive 4.6%
Basic Materials 3.2%
Utilities 1.9%