Fund HoldingsBaldwin Investment Management, LLC

Total Portfolio Value
$885.79M
Total Bought
$14.05M
Total Sold
$34.29M
Net Transaction
-$20.24M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
Lam Research Corp(LRCX)100,02898,134-1,89413,39416,7991.90%+3,405
Eli Lilly & Company(LLY)11,07910,976-1038,45311,7961.33%+3,343
Alphabet Inc Class A(GOOG)33,81933,629-1908,22110,5261.19%+2,304
Broadcom Limited(AVGO)72,21273,420+1,20823,82425,4112.87%+1,587
Intuitive Surgical010,566+10,56605,9840.68%+5,984
Alphabet Inc Class C(GOOG)15,77215,441-3313,8414,8450.55%+1,004
RTX Corp(RTX)43,25244,853+1,6017,2378,2260.93%+989
Vertex Pharmaceuticals(VRTX)015,554+15,55407,0520.80%+7,052
Dutch Bros Inc(BROS)6,82017,535+10,7153571,0730.12%+717
Immunome, Inc.(IMNM)25,39447,167+21,7732971,0130.11%+716
Thermo Fisher Scientific(TMO)8,2508,112-1384,0024,7010.53%+699
Capital One Financial(COF)13,92514,790+8652,9603,5850.40%+624
Caterpillar Inc(CAT)8,5828,199-3834,0954,6970.53%+602
Apple Inc(AAPL)72,48669,950-2,53618,45719,0172.15%+559
Autodesk Inc04,832+4,83201,4300.16%+1,430
Boeing Co(BA)02,247+2,24704880.06%+488
S&P Global Inc(SPGI)010,471+10,47105,4720.62%+5,472
Dell Inc(DELL)06,317+6,31707950.09%+795
NVR Inc(NVR)065+6504740.05%+474
Goldman Sachs Group Inc(GS)6,4176,308-1095,1105,5450.63%+435
Amazon.com Inc(AMZN)041,192+41,19209,5081.07%+9,508
Freeport McMoRan(FCX)37,93437,312-6221,4881,8950.21%+407
Taiwan Semiconductor Manufacturing ADR(TSM)16,59216,507-854,6345,0160.57%+382
Morgan Stanley & Co(MS)19,67219,673+13,1273,4920.39%+365
Exxon Mobil Corporation56,87356,311-5626,4126,7760.77%+364
Rockwell Automation(ROK)10,54010,382-1583,6844,0390.46%+355
Johnson & Johnson(JNJ)17,94017,710-2303,3263,6650.41%+339
Berkshire Hathaway Inc A5565560419,335419,66947.38%+334
Netflix Inc(NFLX)03,340+3,34003130.04%+313
Danaher Corp(DHR)012,100+12,10002,7700.31%+2,770
Ulta Beauty Inc.(ULTA)3,2933,389+961,8002,0500.23%+250
RyanAir Holdings PLC(RYAAY)20,68920,68901,2461,4940.17%+248
American Express Co(AXP)6,9376,860-772,3042,5380.29%+234
Vertiv Holdings Co(VRT)24,30124,032-2693,6663,8930.44%+227
Wells Fargo & Co.(WFC)02,372+2,37202210.02%+221
First Solar Inc(FSLR)6,1276,013-1141,3511,5710.18%+220
Incyte Corporation(INCY)02,140+2,14002110.02%+211
International Business Machines Corp(IBM)6,3046,709+4051,7791,9870.22%+209
Chubb Corp.
COM
06,293+6,29301,9640.22%+1,964
Mettler Toledo Intl Inc(MTD)1,0611,06101,3021,4790.17%+177
Vanguard S&P 500 Etf8,8118,884+735,3955,5710.63%+176
Darden Restaurants Inc(DRI)10,72312,046+1,3232,0412,2170.25%+175
Southern Company(SO)13,87817,037+3,1591,3151,4860.17%+170
Viking Holdings(VIK)23,78523,005-7801,4781,6430.19%+164
Micron Technology Inc(MU)1,3001,30002183710.04%+154
Nextera Energy(NEE)38,16637,707-4592,8813,0270.34%+146
Enterprise Products Partners(EPD)192,440191,988-4526,0186,1550.69%+138
TJX Inc(TJX)18,39618,196-2002,6592,7950.32%+136
ASML Holdings NV
N Y REGISTRY SHS
1,3341,33401,2911,4270.16%+136
Pepsico Inc.(PEP)11,02411,669+6451,5481,6750.19%+127
Visa Inc.(V)021,322+21,32207,4780.84%+7,478
Walt Disney Co(DIS)010,042+10,04201,1430.13%+1,143
Infosys Technologies Ltd(INFY)074,840+74,84001,3340.15%+1,334
J.P. Morgan Chase & Co(JPM)48,78948,114-67515,39015,5031.75%+114
Edwards Lifesciences Corp15,08515,095+101,1731,2870.15%+114
Cummins Inc(CMI)1,2401,24005246330.07%+109
Vanguard Total Stock Market ETF7,4737,637+1642,4522,5600.29%+108
Cisco Systems Inc(CSCO)013,172+13,17201,0150.11%+1,015
Merck & Co Inc(MRK)05,370+5,37005650.06%+565
Meta Platforms Inc(META)02,322+2,32201,5330.17%+1,533
Vanguard Total Interntl Stk25,26425,743+4791,8561,9420.22%+86
Cencora Inc03,408+3,40801,1510.13%+1,151
Expand Energy Corp(EXE)7,1187,583+4657568370.09%+81
Bristol-Myers Squibb(BMY)08,375+8,37504520.05%+452
Parker Hannifin Corp(PH)0603+60305300.06%+530
Wal-Mart Stores Inc.(WMT)09,787+9,78701,0900.12%+1,090
Amrize AG(AMRZ)8,6058,980+3754184860.05%+68
Marvell Technology Group(MRVL)010,205+10,20508670.10%+867
Vanguard FTSE Developed Markets ETF04,491+4,49102810.03%+281
Iqvia Hldgs Inc(IQV)2,7582,558-2005245770.07%+53
McKesson Corp(MCK)01,185+1,18509720.11%+972
FedEx Corp(FDX)0977+97702820.03%+282
Prologis Inc(PLD)08,133+8,13301,0380.12%+1,038
S&P DEP Receipts(SPY)4,1224,097-252,7462,7940.32%+48
Nucor Corp(NUE)01,678+1,67802740.03%+274
HSBC PLC Spon ADR(HSBC)5,7075,70704054490.05%+44
Diamondback Energy(FANG)8,4798,363-1161,2131,2570.14%+44
Coca Cola Co.(KO)012,720+12,72008890.10%+889
Dover Corp(DOV)01,450+1,45002830.03%+283
Ishares MSCI India Index
MSCI INDIA ETF
018,746+18,74601,0130.11%+1,013
Accenture Plc
SHS CLASS A
09,899+9,89902,6560.30%+2,656
Johnson Controls Inc
SHS
03,464+3,46404150.05%+415
Carnival Corp021,049+21,04906430.07%+643
Welltower Inc(WELL)4,0764,07607267570.09%+30
SPDR Gold Trust(GLD)0625+62502480.03%+248
Schwab International Equity Fund030,153+30,15307250.08%+725
Shopify Inc(SHOP)8,9788,423-5551,3341,3560.15%+22
Avantis US Small Cap Value ETF02,750+2,75002800.03%+280
Fortive Corp(FTV)012,461+12,46106880.08%+688
Crowdstrike Hldgs Inc(CRWD)0840+84003940.04%+394
Mizuho Financial Group Inc(MFG)028,800+28,80002110.02%+211
Technology Select Sector SPDR Fund
ST STR TECHN ETF
2,8505,700+2,8508038210.09%+17
Vanguard Dividend Appreciation ETF02,899+2,89906370.07%+637
Vanguard Mid Cap Value02,833+2,83305030.06%+503
McDonald's Corp(MCD)07,563+7,56302,3110.26%+2,311
Bank of America Corp19,49518,475-1,0201,0061,0160.11%+10
Schwab US Broad Market ETF19,19519,204+94945040.06%+10
iShares MSCI EAFE Index Fund03,825+3,82503670.04%+367
Ishares Tr Russell 2000 Index Fd2,3122,31205595690.06%+10
Mastercard Inc(MA)04,238+4,23802,4190.27%+2,419
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