Fund Holdings

Baldwin Investment Management, LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
Exxon Mobil Corporation56,31155,219-1,0926,776,4359,368,4671.09%+2,592,032
Vertiv Holdings Co(VRT)24,03224,092+603,893,4466,037,0090.71%+2,143,563
Lam Research Corp(LRCX)98,13488,594-9,54016,798,53618,928,9872.21%+2,130,451
Costco Wholesale Corp(COST)11,35611,581+2259,792,58011,539,4961.35%+1,746,916
Dell Inc(DELL)6,31712,427+6,110795,1842,039,6440.24%+1,244,460
Autodesk Inc4,83210,657+5,8251,430,3202,551,2860.30%+1,120,966
Enterprise Products Partners(EPD)191,988191,838-1506,155,1357,259,1500.85%+1,104,015
Baker Hughes Co(BKR)74,14672,062-2,0843,376,6094,399,3780.51%+1,022,769
Caterpillar Inc(CAT)8,1998,040-1594,696,9615,696,0180.67%+999,057
Linde PLC(LIN)11,29211,242-504,814,9615,573,5750.65%+758,614
Johnson & Johnson(JNJ)17,71017,653-573,665,1574,315,0840.50%+649,927
Taiwan Semiconductor Manufacturing ADR(TSM)16,50716,672+1655,016,3125,634,3020.66%+617,990
Walt Disney Co(DIS)10,04218,080+8,0381,142,5211,742,5540.20%+600,033
Deere & Co(DE)3,2953,785+4901,534,0532,132,0910.25%+598,038
Carnival Corp
COMMON SHARES
021,049+21,0490544,7480.06%+544,748
Palantir Technologies In(PLTR)03,676+3,6760537,7250.06%+537,725
Eaton Corp(ETN)12,93512,950+154,119,9274,631,8270.54%+511,900
Nextera Energy(NEE)37,70737,608-993,027,1183,493,0310.41%+465,913
Chevron Corp.(CVX)8,5508,55001,303,1061,768,9950.21%+465,889
Franklin FTSE South Korea ETF
FTSE SOUTH KOREA
011,225+11,2250447,5410.05%+447,541
Marvell Technology Group(MRVL)10,20512,510+2,305867,2211,239,1160.14%+371,895
RTX Corp(RTX)44,85344,529-3248,226,1128,589,6001.00%+363,488
Boeing Co(BA)2,2474,220+1,973487,869839,9070.10%+352,038
Wal-Mart Stores Inc.(WMT)9,78711,587+1,8001,090,3701,440,0320.17%+349,662
ASML Holdings NV
N Y REGISTRY SHS
1,3341,33401,427,1931,761,9870.21%+334,794
Netflix Inc(NFLX)3,3406,550+3,210313,158629,7830.07%+316,625
Borg Warner Inc24,00725,457+1,4501,081,7551,381,2970.16%+299,542
Southern Company(SO)17,03718,237+1,2001,485,6261,760,2350.21%+274,609
TotalEnergies SE(TTE)02,990+2,9900272,0300.03%+272,030
Corteva Agriscience Inc(CTVA)15,92915,92901,067,7211,333,4170.16%+265,696
Valero Energy Corp(VLO)0960+9600237,1970.03%+237,197
On Semiconductor Co(ON)03,735+3,7350231,2710.03%+231,271
Toast Inc(TOST)08,450+8,4500224,0100.03%+224,010
Equinix Inc(EQIX)0218+2180213,6920.02%+213,692
Freeport McMoRan(FCX)37,31235,712-1,6001,895,0762,099,1510.25%+204,075
Amgen Inc(AMGN)0579+5790203,7210.02%+203,721
Honeywell International(HON)5,9755,97501,165,6381,350,5000.16%+184,862
Schwab US Dividend Equity ETF21,33324,839+3,506585,165762,0750.09%+176,910
Berkshire Hathaway Inc B18,17419,428+1,2549,135,1619,309,8981.09%+174,737
L3Harris Technologies(LHX)3,8923,815-771,142,5741,316,7470.15%+174,173
Expand Energy Corp(EXE)7,5839,188+1,605836,8601,008,6590.12%+171,799
Abrdn Life Science Investors010,094+10,0940164,2360.02%+164,236
Vanguard Total Stock Market ETF7,6378,480+8432,560,4642,720,3090.32%+159,845
Lockheed Martin Corp(LMT)1,2751,2750616,679770,5970.09%+153,918
Diamondback Energy(FANG)8,3637,103-1,2601,257,2101,404,9020.16%+147,692
Analog Devices Inc(ADI)3,0103,0100816,312957,6010.11%+141,289
Pepsico Inc.(PEP)11,66911,694+251,674,7351,815,9610.21%+141,226
Union Pacific Corp(UNP)12,79312,778-152,959,2773,100,1980.36%+140,921
Phillips 66(PSX)2,6002,6000335,504473,6680.06%+138,164
Air Products and Chemicals Inc3,1033,1030766,503901,3900.11%+134,887
GE Vernova Inc.(GEV)357420+63233,324366,6180.04%+133,294
Darden Restaurants Inc(DRI)12,04611,971-752,216,7052,346,7950.27%+130,090
TJX Inc(TJX)18,19618,271+752,795,0882,917,8790.34%+122,791
Brookfield Renewable Partners LP
PARTNERSHIP UNIT
21,45921,4590578,749700,4220.08%+121,673
Waste Management Inc(WM)10,78610,746-402,369,7922,469,3230.29%+99,531
CME Group Inc(CME)4,4694,463-61,220,3951,318,1470.15%+97,752
Itau UniBanco Multiplo ADR(ITUB)74,44974,4490533,058623,8830.07%+90,825
Starbucks Corp(SBUX)14,70014,750+501,237,8871,321,4530.15%+83,566
Merck & Co Inc(MRK)5,3705,3700565,246645,9570.08%+80,711
iShares S&P Smallcap 60014,77814,919+1411,776,0201,854,6300.22%+78,610
Avantis US Small Cap Value ETF2,7503,248+498280,469358,7830.04%+78,314
Coca Cola Co.(KO)12,72012,7200889,255967,3560.11%+78,101
Trane Technologies Plc(TT)2,6702,67001,039,1641,112,6960.13%+73,532
SHELL ADR EACH REP 2 ORD WI(SHEL)3,6293,6290266,659337,4970.04%+70,838
Industrial Select Sector SPDR Fund
ST STR INDL ETF
1,8702,226+356290,074359,9840.04%+69,910
Mondelez International(MDLZ)19,68219,533-1491,059,4571,125,8560.13%+66,399
FedEx Corp(FDX)9779770282,216347,9880.04%+65,772
Pfizer Inc.(PFE)38,44836,398-2,050957,3551,022,0560.12%+64,701
SPDR Gold Trust(GLD)625726+101247,694312,3910.04%+64,697
Bristol-Myers Squibb(BMY)8,3758,400+25451,741509,4480.06%+57,707
Ishares Tr Russell 2000 Index Fd2,3122,518+206569,122624,4790.07%+55,357
Chubb Corp.
COM
6,2936,193-1001,964,1712,018,4840.24%+54,313
Duke Energy Corp.(DUK)7,8267,322-504917,341958,7180.11%+41,377
Johnson Controls Inc
SHS
3,4643,4640414,814453,6110.05%+38,797
C S X Corp(CSX)7,8837,8830285,759323,5970.04%+37,838
Vanguard Small Cap Value4,6544,702+48985,7661,021,5940.12%+35,828
Exelon Corporation(EXC)6,4506,4500281,156316,1790.04%+35,023
Colgate Palmolive Co(CL)5,5635,5630439,588474,1340.06%+34,546
Carrier Global Corp(CARR)11,04010,940-100583,354616,0310.07%+32,677
Corning Inc(GLW)7,2004,860-2,340630,432660,8140.08%+30,382
iShares MSCI Japan Index Fund
MSCI JAPAN ETF
7,9217,9210639,542668,8490.08%+29,307
Yum! Brands Inc(YUM)6,6726,67201,009,3401,037,3630.12%+28,023
Cabot Corporation(CBT)5,5305,230-300366,528393,8710.05%+27,343
Cummins Inc(CMI)1,2401,225-15632,958659,0750.08%+26,117
Home Depot Inc(HD)11,04311,628+5853,799,8963,824,3330.45%+24,437
Vanguard Mid Cap Value2,8332,847+14502,538524,6760.06%+22,138
Incyte Corporation(INCY)2,1402,480+340211,368233,4180.03%+22,050
HSBC PLC Spon ADR(HSBC)5,7075,7070448,970470,7700.06%+21,800
Amrize AG(AMRZ)8,9809,055+75485,638507,2610.06%+21,623
Schwab International Equity Fund30,15330,1530724,873746,2810.09%+21,408
Canadian Pacific Kansas City Ltd(CP)4,1854,1850308,142329,1920.04%+21,050
Dover Corp(DOV)1,4501,4500283,098302,2530.04%+19,155
Mizuho Financial Group Inc(MFG)28,80028,8000210,816228,6720.03%+17,856
Prologis Inc(PLD)8,1337,973-1601,038,2591,053,8710.12%+15,612
Crowdstrike Hldgs Inc(CRWD)8401,045+205393,758407,9780.05%+14,220
Ocugen Inc25,00025,000033,75045,2500.01%+11,500
Cambria Shareholder Yield ETF4,1894,012-177291,249302,5720.04%+11,323
Welltower Inc(WELL)4,0763,876-200756,546766,3240.09%+9,778
iShares Russell Midcap Index Fd8,3638,3630805,106813,1340.10%+8,028
Cisco Systems Inc(CSCO)13,17213,17201,014,6551,022,0310.12%+7,376
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