13F HOLDINGS REPORT
Baldwin Investment Management, LLC
Quarter ended Q1 2025 · Filed May 7, 2025 · Accession 0001346378-25-000002
Total Value
$831.9M
Positions
200
Other Managers
0
Confidential Omitted
No
Holdings (200)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc A | BRK-A | 556 | $443.9M | 53.36% |
| 2 | Apple Inc | AAPL | 72,062 | $16.0M | 1.92% |
| 3 | Nvidia Corp | NVDA | 126,131 | $13.7M | 1.64% |
| 4 | Broadcom Limited | AVGO | 78,825 | $13.2M | 1.59% |
| 5 | Microsoft Corp | MSFT | 32,970 | $12.4M | 1.49% |
| 6 | J.P. Morgan Chase & Co | VYLD | 49,336 | $12.1M | 1.45% |
| 7 | Berkshire Hathaway Inc B | BRK-A | 19,170 | $10.2M | 1.23% |
| 8 | Costco Wholesale Corporation | 22160K105 | 9,929 | $9.4M | 1.13% |
| 9 | Amazon.com Inc | AMZN | 42,199 | $8.0M | 0.97% |
| 10 | Eli Lilly & Company | LLY | 9,398 | $7.8M | 0.93% |
| 11 | Visa Inc. | V | 22,006 | $7.7M | 0.93% |
| 12 | Lam Research Corp | LRCX | 101,407 | $7.4M | 0.89% |
| 13 | Vertex Pharmaceuticals | VRTX | 13,830 | $6.7M | 0.81% |
| 14 | Exxon Mobil Corporation | XOM | 55,648 | $6.6M | 0.80% |
| 15 | Enterprise Products Partners | 293792107 | 192,615 | $6.6M | 0.79% |
| 16 | Abbvie Inc | ABBV | 27,905 | $5.8M | 0.70% |
| 17 | Linde PLC | LIN | 12,346 | $5.7M | 0.69% |
| 18 | Alphabet Inc Class A | GOOG | 35,234 | $5.4M | 0.65% |
| 19 | S&P Global Inc | SPGI | 9,849 | $5.0M | 0.60% |
| 20 | Abbott Laboratories | ABLZF | 37,455 | $5.0M | 0.60% |
| 21 | Intuitive Surgical | ISRG | 9,976 | $4.9M | 0.59% |
| 22 | Vanguard S&P 500 Etf | 922908363 | 8,764 | $4.5M | 0.54% |
| 23 | RTX Corp | RTX | 33,701 | $4.5M | 0.54% |
| 24 | Thermo Fisher Scientific | TMO | 8,934 | $4.4M | 0.53% |
| 25 | Blackrock Inc | BLK | 4,546 | $4.3M | 0.52% |
| 26 | Zoetis Inc | ZTS | 25,360 | $4.2M | 0.50% |
| 27 | Accenture Plc | ACN | 13,001 | $4.1M | 0.49% |
| 28 | Home Depot Inc | HD | 10,909 | $4.0M | 0.48% |
| 29 | Union Pacific Corp | UNP | 16,350 | $3.9M | 0.46% |
| 30 | Goldman Sachs Group Inc | GSCE | 6,243 | $3.4M | 0.41% |
| 31 | Eaton Corp | ETN | 12,344 | $3.4M | 0.40% |
| 32 | Palo Alto Networks | PANW | 19,030 | $3.2M | 0.39% |
| 33 | Fiserv Inc | FISV | 13,900 | $3.1M | 0.37% |
| 34 | Caterpillar Inc | CAT | 8,990 | $3.0M | 0.36% |
| 35 | Johnson & Johnson | JNJ | 17,857 | $3.0M | 0.36% |
| 36 | American Tower REIT | 03027X100 | 13,314 | $2.9M | 0.35% |
| 37 | Baker Hughes Co | BKR | 63,727 | $2.8M | 0.34% |
| 38 | Taiwan Semiconductor Manufacturing ADR | 874039100 | 16,828 | $2.8M | 0.34% |
| 39 | Vertiv Holdings Co | VRT | 38,431 | $2.8M | 0.33% |
| 40 | Danaher Corp | 235851102 | 13,438 | $2.8M | 0.33% |
| 41 | S&P DEP Receipts | SPY | 4,818 | $2.7M | 0.32% |
| 42 | Alphabet Inc Class C | GOOG | 17,022 | $2.7M | 0.32% |
| 43 | Lowes Companies Inc | 548661107 | 11,206 | $2.6M | 0.31% |
| 44 | T-Mobile US | TMUSZ | 9,757 | $2.6M | 0.31% |
| 45 | Nextera Energy | NEE-PW | 36,226 | $2.6M | 0.31% |
| 46 | McDonald's Corp | MCD | 8,006 | $2.5M | 0.30% |
| 47 | Adobe Inc | ADBE | 6,405 | $2.5M | 0.30% |
| 48 | Waste Management Inc | 94106L109 | 10,486 | $2.4M | 0.29% |
| 49 | Morgan Stanley & Co | MS-PQ | 20,073 | $2.3M | 0.28% |
| 50 | Tractor Supply Company | TSCO | 42,255 | $2.3M | 0.28% |
| 51 | Mastercard Inc | MA | 4,238 | $2.3M | 0.28% |
| 52 | TJX Inc | 872540109 | 18,346 | $2.2M | 0.27% |
| 53 | Capital One Financial | 14040H105 | 12,125 | $2.2M | 0.26% |
| 54 | Icici Bank Ltd Adr | IBN | 68,258 | $2.2M | 0.26% |
| 55 | Kimberly Clark Corp | KMB | 15,022 | $2.1M | 0.26% |
| 56 | Vanguard Total Stock Market ETF | 922908769 | 7,430 | $2.0M | 0.25% |
| 57 | Synopsys Inc | SNPS | 4,668 | $2.0M | 0.24% |
| 58 | Chubb Corp. | CB | 6,262 | $1.9M | 0.23% |
| 59 | American Express Co | AXP | 6,687 | $1.8M | 0.22% |
| 60 | Blackstone Inc | BX | 12,781 | $1.8M | 0.21% |
| 61 | Pepsico Inc. | PEP | 11,412 | $1.7M | 0.21% |
| 62 | Darden Restaurants Inc | DRI | 8,048 | $1.7M | 0.20% |
| 63 | Borg Warner Inc | BWA | 58,310 | $1.7M | 0.20% |
| 64 | Intercontinental Exchange | 45866F104 | 9,584 | $1.7M | 0.20% |
| 65 | Lockheed Martin Corp | LMT | 3,538 | $1.6M | 0.19% |
| 66 | iShares S&P Smallcap 600 | 464287804 | 15,028 | $1.6M | 0.19% |
| 67 | Novo Nordisk | NONOF | 22,315 | $1.5M | 0.19% |
| 68 | Vanguard Total Interntl Stk | 921909768 | 24,878 | $1.5M | 0.19% |
| 69 | Starbucks Corp | SBUX | 15,311 | $1.5M | 0.18% |
| 70 | Chevron Corp. | CVX | 8,735 | $1.5M | 0.18% |
| 71 | Constellation Brands Inc | STZ | 7,802 | $1.4M | 0.17% |
| 72 | Diamondback Energy | FANG | 8,738 | $1.4M | 0.17% |
| 73 | Mondelez International | 609207105 | 20,456 | $1.4M | 0.17% |
| 74 | Infosys Technologies Ltd | INFY | 75,974 | $1.4M | 0.17% |
| 75 | UnitedHealth Group | UNH | 2,589 | $1.4M | 0.16% |
| 76 | Nike Inc | NKE | 21,112 | $1.3M | 0.16% |
| 77 | Ulta Beauty Inc. | ULTA | 3,653 | $1.3M | 0.16% |
| 78 | Procter & Gamble Co. | 742718109 | 7,838 | $1.3M | 0.16% |
| 79 | Honeywell International | 438516106 | 6,269 | $1.3M | 0.16% |
| 80 | Freeport McMoRan | FCX | 34,334 | $1.3M | 0.16% |
| 81 | Vanguard Mid Cap Value | 922908512 | 8,094 | $1.3M | 0.16% |
| 82 | Mettler Toledo Intl Inc | MTD | 1,083 | $1.3M | 0.15% |
| 83 | International Business Machines Corp | INTR | 5,136 | $1.3M | 0.15% |
| 84 | CME Group Inc | CME | 4,777 | $1.3M | 0.15% |
| 85 | Vanguard Mid Cap Growth | 922908538 | 5,150 | $1.3M | 0.15% |
| 86 | Southern Company | SOMN | 13,458 | $1.2M | 0.15% |
| 87 | Deere & Co | DE | 2,618 | $1.2M | 0.15% |
| 88 | Ares Capital Corp | ARCC | 54,964 | $1.2M | 0.15% |
| 89 | Axalta Coating Systems | AXTA | 36,301 | $1.2M | 0.14% |
| 90 | Pfizer Inc. | PFE | 45,918 | $1.2M | 0.14% |
| 91 | Meta Platforms Inc | META | 2,007 | $1.2M | 0.14% |
| 92 | Prologis Inc | PLDGP | 10,299 | $1.2M | 0.14% |
| 93 | Oracle Corp | ORCL-PD | 8,011 | $1.1M | 0.13% |
| 94 | Fortive Corp | FTV | 15,185 | $1.1M | 0.13% |
| 95 | NXP Semiconductors N.V. | NXPI | 5,722 | $1.1M | 0.13% |
| 96 | Yum! Brands Inc | YUM | 6,899 | $1.1M | 0.13% |
| 97 | Cencora Inc | COR | 3,858 | $1.1M | 0.13% |
| 98 | Boston Scientific Corp | BSX | 10,600 | $1.1M | 0.13% |
| 99 | Viking Holdings | VIK | 26,455 | $1.1M | 0.13% |
| 100 | Corteva Agriscience Inc | CTVA | 16,454 | $1.0M | 0.12% |
| 101 | Rydex S&P Equal Weight ETF | IVZ | 5,951 | $1.0M | 0.12% |
| 102 | Ishares MSCI India Index | 46429B598 | 19,005 | $978,377 | 0.12% |
| 103 | Vanguard Small Cap Value | 922908611 | 5,087 | $947,596 | 0.11% |
| 104 | First Solar Inc | FSLR | 7,407 | $936,467 | 0.11% |
| 105 | Walt Disney Co | 254687106 | 9,419 | $929,690 | 0.11% |
| 106 | Wal-Mart Stores Inc. | WMT | 10,487 | $920,654 | 0.11% |
| 107 | Duke Energy Corp. | DUKB | 7,534 | $918,931 | 0.11% |
| 108 | Air Products and Chemicals Inc | AIIR | 3,105 | $915,727 | 0.11% |
| 109 | Trane Technologies Plc | TT | 2,716 | $915,075 | 0.11% |
| 110 | Coca Cola Co. | KO | 12,770 | $914,587 | 0.11% |
| 111 | Automatic Data Processing Inc | ADP | 2,959 | $904,063 | 0.11% |
| 112 | RyanAir Holdings PLC | RYAOF | 21,052 | $891,973 | 0.11% |
| 113 | Shopify Inc | SHOP | 9,208 | $879,180 | 0.11% |
| 114 | Bristol-Myers Squibb | CELG-RI | 14,132 | $861,941 | 0.10% |
| 115 | McKesson Corp | MCK | 1,260 | $847,967 | 0.10% |
| 116 | Bank of America Corp | 060505104 | 19,900 | $830,427 | 0.10% |
| 117 | Cigna Corporation | 125523100 | 2,506 | $824,474 | 0.10% |
| 118 | Cintas Corp | CTAS | 4,000 | $822,120 | 0.10% |
| 119 | Marvell Technology Group | MRVL | 13,350 | $821,960 | 0.10% |
| 120 | Vulcan Materials Company | 929160109 | 3,513 | $819,583 | 0.10% |
| 121 | Uber Technologies Inc | UBER | 11,120 | $810,203 | 0.10% |
| 122 | Cisco Systems Inc | CSCO | 12,972 | $800,515 | 0.10% |
| 123 | ASML Holdings NV | ASMLF | 1,177 | $779,916 | 0.09% |
| 124 | Autodesk Inc | ADSK | 2,969 | $777,284 | 0.09% |
| 125 | Sentinelone Inc | S | 40,725 | $740,381 | 0.09% |
| 126 | Sportradar Group | SRAD | 33,363 | $721,308 | 0.09% |
| 127 | L3Harris Technologies | LHX | 3,417 | $715,212 | 0.09% |
| 128 | Carrier Global Corp | CARR | 11,240 | $712,616 | 0.09% |
| 129 | iShares Russell Midcap Index Fd | 464287499 | 8,363 | $711,440 | 0.09% |
| 130 | Skechers USA Inc | 830566105 | 12,525 | $711,170 | 0.09% |
| 131 | Schwab US Dividend Equity ETF | 808524797 | 22,478 | $628,480 | 0.08% |
| 132 | Trip.com Group Ltd | TRPCF | 9,841 | $625,691 | 0.08% |
| 133 | Welltower Inc | WELL | 4,076 | $624,484 | 0.08% |
| 134 | Rockwell Automation | ROK | 2,386 | $616,495 | 0.07% |
| 135 | Otis Worldwide Corp | OTIS | 5,917 | $610,634 | 0.07% |
| 136 | Brookfield Renewable Partners LP | G16258108 | 27,232 | $603,461 | 0.07% |
| 137 | Schwab International Equity Fund | 808524805 | 30,153 | $596,422 | 0.07% |
| 138 | Check Point Software Technologies | M22465104 | 2,612 | $595,327 | 0.07% |
| 139 | Technology Select Sector SPDR Fund | 81369Y803 | 2,850 | $588,468 | 0.07% |
| 140 | iShares TIPS Bond Fund | 464287176 | 5,200 | $577,668 | 0.07% |
| 141 | Vanguard Dividend Appreciation ETF | 921908844 | 2,904 | $563,383 | 0.07% |
| 142 | iShares MSCI Japan Index Fund | 46434G822 | 8,200 | $562,192 | 0.07% |
| 143 | Ishares Tr Russell 2000 Index Fd | 464287655 | 2,812 | $560,966 | 0.07% |
| 144 | Merck & Co Inc | MRK | 6,220 | $558,307 | 0.07% |
| 145 | Dell Inc | DELL | 5,998 | $546,718 | 0.07% |
| 146 | Colgate Palmolive Co | CL | 5,780 | $541,586 | 0.07% |
| 147 | Comcast Corp | CCZ | 13,918 | $513,574 | 0.06% |
| 148 | SHELL ADR EACH REP 2 ORD WI | RYDAF | 6,994 | $512,520 | 0.06% |
| 149 | Sherwin Williams Co | SHW | 1,467 | $512,262 | 0.06% |
| 150 | PNC Financial Services Group Inc | 693475105 | 2,833 | $497,956 | 0.06% |
| 151 | FedEx Corp | FDX | 2,042 | $497,799 | 0.06% |
| 152 | Texas Instruments, Inc. | 882508104 | 2,702 | $485,549 | 0.06% |
| 153 | Cabot Corporation | CBT | 5,830 | $484,706 | 0.06% |
| 154 | Nucor Corp | NUE | 3,785 | $455,487 | 0.05% |
| 155 | Expand Energy Corporation | EXE | 3,918 | $436,152 | 0.05% |
| 156 | RPM International Inc | 749685103 | 3,700 | $428,016 | 0.05% |
| 157 | Eagle Materials Inc | 26969P108 | 1,900 | $421,667 | 0.05% |
| 158 | Schwab US Broad Market ETF | 808524102 | 19,279 | $415,068 | 0.05% |
| 159 | Iqvia Holdings Inc | IQV | 2,353 | $414,834 | 0.05% |
| 160 | Allstate Corp | ALL-PJ | 1,994 | $412,898 | 0.05% |
| 161 | Vanguard FTSE Emerging Mkt ETF | 922042858 | 9,057 | $409,941 | 0.05% |
| 162 | Itau UniBanco Multiplo ADR | 465562106 | 74,345 | $408,900 | 0.05% |
| 163 | GXO Logistics Inc | GXO | 10,449 | $408,347 | 0.05% |
| 164 | Jacobs Solutions Inc | J | 3,225 | $389,870 | 0.05% |
| 165 | Cummins Inc | CMI | 1,240 | $388,666 | 0.05% |
| 166 | Leidos Holdings Inc | LDOS | 2,750 | $371,085 | 0.04% |
| 167 | Parker Hannifin Corp | PH | 603 | $366,534 | 0.04% |
| 168 | Aon PLC | AON | 900 | $359,181 | 0.04% |
| 169 | Cava Group Inc | CAVA | 4,025 | $347,800 | 0.04% |
| 170 | iShares MSCI EAFE Index Fund | 464287465 | 4,225 | $345,309 | 0.04% |
| 171 | HSBC PLC Spon ADR | HBCYF | 5,857 | $336,368 | 0.04% |
| 172 | Progressive Corp | 743315103 | 1,137 | $321,782 | 0.04% |
| 173 | Phillips 66 | PSX | 2,600 | $321,048 | 0.04% |
| 174 | VERALTO ORD WI | VLTO | 3,219 | $313,694 | 0.04% |
| 175 | Baidu Inc ADR | BAIDF | 3,226 | $296,889 | 0.04% |
| 176 | Corning Inc | GLW | 6,425 | $294,137 | 0.04% |
| 177 | Canadian Pacific Kansas City Ltd | CP | 4,185 | $293,829 | 0.04% |
| 178 | GE Healthcare Technologies | GEHC | 3,623 | $292,449 | 0.04% |
| 179 | Sysco Corp | SYY | 3,880 | $291,155 | 0.03% |
| 180 | SPDR Gold Trust | GLD | 1,000 | $288,140 | 0.03% |
| 181 | iShares Trust Dow Jones US Tech Fund | 464287721 | 2,030 | $285,093 | 0.03% |
| 182 | Johnson Controls Inc | G51502105 | 3,469 | $277,902 | 0.03% |
| 183 | Teck Resources Ltd | TCKRF | 7,535 | $274,500 | 0.03% |
| 184 | Avantis US Small Cap Value ETF | 025072877 | 3,084 | $268,855 | 0.03% |
| 185 | Cambria Shareholder Yield ETF | 132061201 | 4,193 | $267,489 | 0.03% |
| 186 | Industrial Select Sector SPDR Fund | 81369Y704 | 2,020 | $264,761 | 0.03% |
| 187 | Crowdstrike Hldgs Inc | CRWD | 740 | $260,909 | 0.03% |
| 188 | Dover Corp | DOV | 1,450 | $254,736 | 0.03% |
| 189 | Carnival Corp | CUKPF | 12,587 | $245,824 | 0.03% |
| 190 | Public Service Enterprise Group | 744573106 | 2,900 | $238,670 | 0.03% |
| 191 | C S X Corp | CSX | 7,883 | $231,997 | 0.03% |
| 192 | Xylem Inc | XYL | 1,909 | $228,049 | 0.03% |
| 193 | Wells Fargo & Co. | 949746101 | 3,158 | $226,709 | 0.03% |
| 194 | Qualcomm Inc | QCOM | 1,462 | $224,578 | 0.03% |
| 195 | Amgen Inc | AMGN | 704 | $219,331 | 0.03% |
| 196 | Travelers Companies Inc | TRV | 801 | $211,832 | 0.03% |
| 197 | Ishares Tr S&P Midcap | 464287507 | 3,620 | $211,227 | 0.03% |
| 198 | Analog Devices Inc | ADI | 1,020 | $205,703 | 0.02% |
| 199 | Immunome, Inc. | IMNM | 25,394 | $170,902 | 0.02% |
| 200 | Mizuho Financial Group Inc | MZHOF | 28,800 | $158,688 | 0.02% |