13F HOLDINGS REPORT
Baldwin Investment Management, LLC
Quarter ended Q4 2024 · Filed February 14, 2025 · Accession 0001346378-25-000001
Total Value
$767.9M
Positions
199
Other Managers
0
Confidential Omitted
No
Holdings (199)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway Cl A | BRK-A | 558 | $380.0M | 49.48% |
| 2 | Broadcom Limited | AVGO | 79,404 | $18.4M | 2.40% |
| 3 | Apple Inc | AAPL | 72,533 | $18.2M | 2.37% |
| 4 | Nvidia Corp | NVDA | 117,384 | $15.8M | 2.05% |
| 5 | Microsoft Corp | MSFT | 30,730 | $13.0M | 1.69% |
| 6 | J.P. Morgan Chase & Co | VYLD | 47,182 | $11.3M | 1.47% |
| 7 | Amazon.com Inc | AMZN | 41,189 | $9.0M | 1.18% |
| 8 | Costco Wholesale Corporation | 22160K105 | 9,540 | $8.7M | 1.14% |
| 9 | Berkshire Hathaway Inc B | BRK-A | 18,855 | $8.5M | 1.11% |
| 10 | Lam Research Corp | LRCX | 103,042 | $7.4M | 0.97% |
| 11 | Eli Lilly & Company | LLY | 8,887 | $6.9M | 0.89% |
| 12 | Alphabet Inc Class A | GOOG | 34,045 | $6.4M | 0.84% |
| 13 | Enterprise Products Partners | 293792107 | 187,625 | $5.9M | 0.77% |
| 14 | Visa Inc. | V | 18,086 | $5.7M | 0.74% |
| 15 | Exxon Mobil Corporation | XOM | 49,732 | $5.3M | 0.70% |
| 16 | Vertex Pharmaceuticals | VRTX | 12,559 | $5.1M | 0.66% |
| 17 | Intuitive Surgical | ISRG | 9,657 | $5.0M | 0.66% |
| 18 | Linde PLC | LIN | 11,827 | $5.0M | 0.64% |
| 19 | Abbvie Inc | ABBV | 27,533 | $4.9M | 0.64% |
| 20 | Blackrock Inc | BLK | 4,724 | $4.8M | 0.63% |
| 21 | Vanguard S&P 500 Etf | 922908363 | 8,799 | $4.7M | 0.62% |
| 22 | S&P Global Inc | SPGI | 9,492 | $4.7M | 0.62% |
| 23 | Thermo Fisher Scientific | TMO | 8,879 | $4.6M | 0.60% |
| 24 | Accenture Plc | ACN | 13,106 | $4.6M | 0.60% |
| 25 | Zoetis Inc | ZTS | 27,945 | $4.6M | 0.59% |
| 26 | Home Depot Inc | HD | 11,322 | $4.4M | 0.57% |
| 27 | S&P DEP Receipts | SPY | 7,147 | $4.2M | 0.55% |
| 28 | Abbott Laboratories | ABLZF | 35,744 | $4.0M | 0.53% |
| 29 | RTX Corp | RTX | 33,691 | $3.9M | 0.51% |
| 30 | Vertiv Holdings Co | VRT | 32,538 | $3.7M | 0.48% |
| 31 | Eaton Corp | ETN | 10,979 | $3.6M | 0.47% |
| 32 | Goldman Sachs Group Inc | GSCE | 6,178 | $3.5M | 0.46% |
| 33 | Union Pacific Corp | UNP | 15,494 | $3.5M | 0.46% |
| 34 | Alphabet Inc Class C | GOOG | 16,617 | $3.2M | 0.41% |
| 35 | Danaher Corp | 235851102 | 13,388 | $3.1M | 0.40% |
| 36 | Taiwan Semiconductor Manufacturing ADR | 874039100 | 15,478 | $3.1M | 0.40% |
| 37 | Palo Alto Networks | PANW | 16,111 | $2.9M | 0.38% |
| 38 | Blackstone Inc | BX | 16,921 | $2.9M | 0.38% |
| 39 | Fiserv Inc | FISV | 14,200 | $2.9M | 0.38% |
| 40 | Adobe Inc | ADBE | 6,387 | $2.8M | 0.37% |
| 41 | Caterpillar Inc | CAT | 7,795 | $2.8M | 0.37% |
| 42 | Morgan Stanley & Co | MS-PQ | 20,803 | $2.6M | 0.34% |
| 43 | Lowes Companies Inc | 548661107 | 10,456 | $2.6M | 0.34% |
| 44 | Borg Warner Inc | BWA | 80,348 | $2.6M | 0.33% |
| 45 | Nextera Energy | NEE-PW | 35,438 | $2.5M | 0.33% |
| 46 | Synopsys Inc | SNPS | 5,042 | $2.4M | 0.32% |
| 47 | American Tower REIT | 03027X100 | 13,200 | $2.4M | 0.32% |
| 48 | Waste Management Inc | 94106L109 | 11,786 | $2.4M | 0.31% |
| 49 | Tractor Supply Company | TSCO | 43,760 | $2.3M | 0.30% |
| 50 | Capital One Financial | 14040H105 | 12,200 | $2.2M | 0.28% |
| 51 | Kimberly Clark Corp | KMB | 16,335 | $2.1M | 0.28% |
| 52 | Vanguard Total Stock Market ETF | 922908769 | 7,373 | $2.1M | 0.28% |
| 53 | Johnson & Johnson | JNJ | 14,698 | $2.1M | 0.28% |
| 54 | T-Mobile US | TMUSZ | 9,517 | $2.1M | 0.27% |
| 55 | Baker Hughes Co | BKR | 49,532 | $2.0M | 0.26% |
| 56 | Novo Nordisk | NONOF | 21,740 | $1.9M | 0.24% |
| 57 | iShares S&P Smallcap 600 | 464287804 | 15,720 | $1.8M | 0.24% |
| 58 | TJX Inc | 872540109 | 14,435 | $1.7M | 0.23% |
| 59 | Pepsico Inc. | PEP | 11,448 | $1.7M | 0.23% |
| 60 | Constellation Brands Inc | STZ | 7,727 | $1.7M | 0.22% |
| 61 | Infosys Technologies Ltd | INFY | 77,224 | $1.7M | 0.22% |
| 62 | Icici Bank Ltd Adr | IBN | 56,158 | $1.7M | 0.22% |
| 63 | Ulta Beauty Inc. | ULTA | 3,803 | $1.7M | 0.22% |
| 64 | McDonald's Corp | MCD | 5,615 | $1.6M | 0.21% |
| 65 | Nike Inc | NKE | 21,197 | $1.6M | 0.21% |
| 66 | Vanguard Total Interntl Stk | 921909768 | 26,710 | $1.6M | 0.20% |
| 67 | Honeywell International | 438516106 | 6,663 | $1.5M | 0.20% |
| 68 | Lockheed Martin Corp | LMT | 3,094 | $1.5M | 0.20% |
| 69 | Darden Restaurants Inc | DRI | 8,028 | $1.5M | 0.20% |
| 70 | Fortive Corp | FTV | 19,510 | $1.5M | 0.19% |
| 71 | Intercontinental Exchange | 45866F104 | 9,490 | $1.4M | 0.18% |
| 72 | Diamondback Energy | FANG | 8,532 | $1.4M | 0.18% |
| 73 | Mettler Toledo Intl Inc | MTD | 1,133 | $1.4M | 0.18% |
| 74 | American Express Co | AXP | 4,637 | $1.4M | 0.18% |
| 75 | Vanguard Mid Cap Growth | 922908538 | 5,399 | $1.4M | 0.18% |
| 76 | UnitedHealth Group | UNH | 2,706 | $1.4M | 0.18% |
| 77 | Chubb Corp. | CB | 4,905 | $1.4M | 0.18% |
| 78 | NXP Semiconductors N.V. | NXPI | 6,412 | $1.3M | 0.17% |
| 79 | Vanguard Mid Cap Value | 922908512 | 8,157 | $1.3M | 0.17% |
| 80 | Ishares MSCI India Index | 46429B598 | 24,655 | $1.3M | 0.17% |
| 81 | Chevron Corp. | CVX | 8,831 | $1.3M | 0.17% |
| 82 | Oracle Corp | ORCL-PD | 7,643 | $1.3M | 0.17% |
| 83 | First Solar Inc | FSLR | 7,217 | $1.3M | 0.17% |
| 84 | Freeport McMoRan | FCX | 33,174 | $1.3M | 0.16% |
| 85 | Mondelez International | 609207105 | 20,806 | $1.2M | 0.16% |
| 86 | Deere & Co | DE | 2,866 | $1.2M | 0.16% |
| 87 | CME Group Inc | CME | 5,170 | $1.2M | 0.16% |
| 88 | Meta Platforms Inc | META | 2,050 | $1.2M | 0.16% |
| 89 | Starbucks Corp | SBUX | 13,078 | $1.2M | 0.16% |
| 90 | L3Harris Technologies | LHX | 5,492 | $1.2M | 0.15% |
| 91 | Marvell Technology Group | MRVL | 10,310 | $1.1M | 0.15% |
| 92 | Prologis Inc | PLDGP | 10,278 | $1.1M | 0.14% |
| 93 | Ares Capital Corp | ARCC | 49,621 | $1.1M | 0.14% |
| 94 | International Business Machines Corp | INTR | 4,836 | $1.1M | 0.14% |
| 95 | Autodesk Inc | ADSK | 3,579 | $1.1M | 0.14% |
| 96 | Rydex S&P Equal Weight ETF | IVZ | 5,936 | $1.0M | 0.14% |
| 97 | Trane Technologies Plc | TT | 2,816 | $1.0M | 0.14% |
| 98 | Vanguard Small Cap Value | 922908611 | 5,219 | $1.0M | 0.13% |
| 99 | Southern Company | SOMN | 12,527 | $1.0M | 0.13% |
| 100 | Walt Disney Co | 254687106 | 9,176 | $1.0M | 0.13% |
| 101 | Viking Holdings | VIK | 22,115 | $974,387 | 0.13% |
| 102 | Corteva Agriscience Inc | CTVA | 16,704 | $951,460 | 0.12% |
| 103 | Vulcan Materials Company | 929160109 | 3,663 | $942,233 | 0.12% |
| 104 | Yum! Brands Inc | YUM | 6,899 | $925,570 | 0.12% |
| 105 | Air Products and Chemicals Inc | AIIR | 3,155 | $915,076 | 0.12% |
| 106 | Mastercard Inc | MA | 1,731 | $911,493 | 0.12% |
| 107 | RyanAir Holdings PLC | RYAOF | 20,552 | $895,862 | 0.12% |
| 108 | Bank of America Corp | 060505104 | 19,920 | $875,484 | 0.11% |
| 109 | Shopify Inc | SHOP | 8,208 | $872,757 | 0.11% |
| 110 | Merck & Co Inc | MRK | 8,135 | $809,270 | 0.11% |
| 111 | Jacobs Solutions Inc | J | 5,920 | $791,030 | 0.10% |
| 112 | Bentley Systems | BSY | 16,743 | $781,920 | 0.10% |
| 113 | Boston Scientific Corp | BSX | 8,740 | $780,657 | 0.10% |
| 114 | Skechers USA Inc | 830566105 | 11,575 | $778,303 | 0.10% |
| 115 | Cabot Corporation | CBT | 8,455 | $772,026 | 0.10% |
| 116 | iShares Russell Midcap Index Fd | 464287499 | 8,532 | $754,229 | 0.10% |
| 117 | McKesson Corp | MCK | 1,320 | $752,281 | 0.10% |
| 118 | Technology Select Sector SPDR Fund | 81369Y803 | 3,195 | $742,901 | 0.10% |
| 119 | Schwab US Dividend Equity ETF | 808524797 | 27,193 | $742,901 | 0.10% |
| 120 | Carrier Global Corp | CARR | 10,855 | $740,962 | 0.10% |
| 121 | Duke Energy Corp. | DUKB | 6,846 | $737,588 | 0.10% |
| 122 | Cintas Corp | CTAS | 4,000 | $730,800 | 0.10% |
| 123 | Wal-Mart Stores Inc. | WMT | 8,037 | $726,143 | 0.09% |
| 124 | Axalta Coating Systems | AXTA | 20,531 | $702,571 | 0.09% |
| 125 | Vanguard Dividend Appreciation ETF | 921908844 | 3,451 | $675,837 | 0.09% |
| 126 | Trip.com Group Ltd | TRPCF | 9,841 | $675,683 | 0.09% |
| 127 | Brookfield Renewable Partners LP | G16258108 | 28,832 | $657,081 | 0.09% |
| 128 | Texas Instruments, Inc. | 882508104 | 3,470 | $650,660 | 0.08% |
| 129 | Rockwell Automation | ROK | 2,231 | $637,597 | 0.08% |
| 130 | Schwab US Small Cap ETF | 808524607 | 23,907 | $618,244 | 0.08% |
| 131 | RPM International Inc | 749685103 | 5,000 | $615,300 | 0.08% |
| 132 | Ishares Tr Russell 2000 Index Fd | 464287655 | 2,783 | $614,932 | 0.08% |
| 133 | Procter & Gamble Co. | 742718109 | 3,599 | $603,411 | 0.08% |
| 134 | Comcast Corp | CCZ | 16,018 | $601,156 | 0.08% |
| 135 | Automatic Data Processing Inc | ADP | 2,047 | $599,218 | 0.08% |
| 136 | ASML Holdings NV | ASMLF | 862 | $597,435 | 0.08% |
| 137 | Sherwin Williams Co | SHW | 1,757 | $597,257 | 0.08% |
| 138 | PNC Financial Services Group Inc | 693475105 | 3,036 | $585,493 | 0.08% |
| 139 | FedEx Corp | FDX | 2,030 | $571,100 | 0.07% |
| 140 | Uber Technologies Inc | UBER | 9,427 | $568,637 | 0.07% |
| 141 | Iqvia Holdings Inc | IQV | 2,865 | $563,001 | 0.07% |
| 142 | iShares MSCI Japan Index Fund | 46434G822 | 8,390 | $562,969 | 0.07% |
| 143 | Cummins Inc | CMI | 1,610 | $561,246 | 0.07% |
| 144 | Otis Worldwide Corp | OTIS | 6,007 | $556,308 | 0.07% |
| 145 | iShares TIPS Bond Fund | 464287176 | 5,200 | $554,060 | 0.07% |
| 146 | Coca Cola Co. | KO | 8,820 | $549,133 | 0.07% |
| 147 | Bristol-Myers Squibb | CELG-RI | 9,399 | $531,607 | 0.07% |
| 148 | Eagle Materials Inc | 26969P108 | 2,100 | $518,196 | 0.07% |
| 149 | Welltower Inc | WELL | 4,027 | $507,523 | 0.07% |
| 150 | Sportradar Group | SRAD | 29,117 | $504,889 | 0.07% |
| 151 | Nucor Corp | NUE | 4,285 | $500,102 | 0.07% |
| 152 | Cisco Systems Inc | CSCO | 8,342 | $493,858 | 0.06% |
| 153 | Check Point Software Technologies | M22465104 | 2,612 | $487,660 | 0.06% |
| 154 | GE Healthcare Technologies | GEHC | 6,223 | $486,520 | 0.06% |
| 155 | Vanguard FTSE Emerging Mkt ETF | 922042858 | 11,039 | $486,141 | 0.06% |
| 156 | Pfizer Inc. | PFE | 17,978 | $476,956 | 0.06% |
| 157 | Schwab International Equity Fund | 808524805 | 25,781 | $476,944 | 0.06% |
| 158 | Leidos Holdings Inc | LDOS | 3,250 | $468,195 | 0.06% |
| 159 | Cambria Shareholder Yield ETF | 132061201 | 6,462 | $442,432 | 0.06% |
| 160 | SHELL ADR EACH REP 2 ORD WI | RYDAF | 6,994 | $438,174 | 0.06% |
| 161 | Allstate Corp | ALL-PJ | 2,144 | $413,342 | 0.05% |
| 162 | Dell Inc | DELL | 3,453 | $397,924 | 0.05% |
| 163 | Teck Resources Ltd | TCKRF | 9,660 | $391,520 | 0.05% |
| 164 | Parker Hannifin Corp | PH | 603 | $383,526 | 0.05% |
| 165 | Avantis US Small Cap Value ETF | 025072877 | 3,966 | $382,791 | 0.05% |
| 166 | Sysco Corp | SYY | 4,880 | $373,125 | 0.05% |
| 167 | GXO Logistics Inc | GXO | 7,961 | $346,304 | 0.05% |
| 168 | Expand Energy Corp | EXE | 3,468 | $345,239 | 0.04% |
| 169 | Itau UniBanco Multiplo ADR | 465562106 | 67,590 | $335,246 | 0.04% |
| 170 | iShares MSCI EAFE Index Fund | 464287465 | 4,428 | $334,801 | 0.04% |
| 171 | iShares Trust Dow Jones US Tech Fund | 464287721 | 2,030 | $323,826 | 0.04% |
| 172 | Aon PLC | AON | 900 | $323,244 | 0.04% |
| 173 | VERALTO ORD WI | VLTO | 3,113 | $317,061 | 0.04% |
| 174 | Colgate Palmolive Co | CL | 3,380 | $307,276 | 0.04% |
| 175 | Canadian Pacific Kansas City Ltd | CP | 4,185 | $302,868 | 0.04% |
| 176 | Phillips 66 | PSX | 2,600 | $296,218 | 0.04% |
| 177 | HSBC PLC Spon ADR | HBCYF | 5,857 | $289,687 | 0.04% |
| 178 | Dover Corp | DOV | 1,450 | $272,020 | 0.04% |
| 179 | Baidu Inc ADR | BAIDF | 3,216 | $271,141 | 0.04% |
| 180 | Immunome, Inc. | IMNM | 25,394 | $269,684 | 0.04% |
| 181 | Industrial Select Sector SPDR Fund | 81369Y704 | 2,020 | $266,155 | 0.03% |
| 182 | Crowdstrike Hldgs Inc | CRWD | 765 | $261,752 | 0.03% |
| 183 | Public Service Enterprise Group | 744573106 | 3,062 | $258,708 | 0.03% |
| 184 | C S X Corp | CSX | 7,973 | $257,289 | 0.03% |
| 185 | Vanguard Mid-Cap ETF | 922908629 | 965 | $254,934 | 0.03% |
| 186 | Paccar Inc | PCAR | 2,428 | $252,561 | 0.03% |
| 187 | Carnival Corp | CUKPF | 9,837 | $245,138 | 0.03% |
| 188 | Sarepta Therapeutics Inc | SRPT | 2,000 | $243,180 | 0.03% |
| 189 | Datadog Inc | DDOG | 1,700 | $242,913 | 0.03% |
| 190 | Coterra Energy Inc | CTRA | 9,410 | $240,338 | 0.03% |
| 191 | Corning Inc | GLW | 5,000 | $237,600 | 0.03% |
| 192 | Paychex Inc | PAYX | 1,650 | $231,363 | 0.03% |
| 193 | Equinix Inc | EQIX | 236 | $222,522 | 0.03% |
| 194 | KKR & Co LP | KKRT | 1,500 | $221,865 | 0.03% |
| 195 | Xylem Inc | XYL | 1,909 | $221,482 | 0.03% |
| 196 | Wells Fargo & Co. | 949746101 | 3,153 | $221,445 | 0.03% |
| 197 | Wynn Resorts | WYNN | 2,505 | $215,831 | 0.03% |
| 198 | Progressive Corp | 743315103 | 887 | $212,534 | 0.03% |
| 199 | Vanguard FTSE Developed Markets ETF | 921943858 | 4,184 | $200,095 | 0.03% |