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13F-HR filed by Baldwin Investment Management, LLC

Baldwin Investment Management, LLC filed this 13F-HR for the quarter ended 2025-06-30, filed 2025-08-11, with 209 holding rows worth $828,372,909.

Accession
0001346378-25-000004
Filed
2025-08-11
Accepted by EDGAR
acceptance time not in the bulk data set
Ingested
Source
SEC quarterly data set

Original filing

13F report for Q2 2025

A holdings report, 209 entries on the cover page, a total value of $828,372,909 stated on the cover page (in dollars after the unit check, H1), rows summing to $828,372,909 with VALUE read as dollars as filed, 13F file number 028-11586. The quarter's positions are built on this report. The resolved quarter.

The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).

Issuer as filedCUSIPClassAmountValueValue read asType
BERKSHIRE HATHAWAY INC DEL084670108CL A556$405,212,800dollars as filed
Broadcom Inc.11135F101COM76,307$21,034,022dollars as filed
NVIDIA Corp67066G104COM120,936$19,106,668dollars as filed
Microsoft Corp594918104COM32,728$16,279,234dollars as filed
Apple Inc037833100COM72,428$14,860,145dollars as filed
JPMorgan Chase & Co46625H100COM48,966$14,195,633dollars as filed
Lam Research Corporation512807306COM101,768$9,906,106dollars as filed
Costco Wholesale Corporation22160K105COM9,990$9,889,295dollars as filed
Amazon.com, Inc023135106COM41,864$9,184,543dollars as filed
Berkshire Hathaway Inc084670702COM18,844$9,153,850dollars as filed
Visa Inc92826C839COM21,506$7,635,712dollars as filed
Eli Lilly and Company532457108COM9,574$7,463,373dollars as filed
Vertex Pharmaceuticals Incorporated92532F100COM14,541$6,473,653dollars as filed
EXXON MOBIL CORP30231G102COM56,300$6,069,173dollars as filed
Alphabet Inc. Reg. Shares A02079K305COM34,334$6,050,701dollars as filed
ENTERPRISE PRODS PARTNERS L293792107COM192,615$5,972,991dollars as filed
Linde plcG54950103COM12,238$5,741,958dollars as filed
Intuitive Surgical,Inc.46120E602COM9,857$5,356,392dollars as filed
S&P Global,Inc.78409V104COM10,102$5,326,816dollars as filed
AbbVie,Inc.00287Y109COM28,530$5,295,692dollars as filed
Abbott Laboratories002824100COM37,963$5,163,384dollars as filed
Vanguard S&P 500 ETF922908363COM8,759$4,975,157dollars as filed
Raytheon Technologies Corporation75513E101COM33,151$4,840,780dollars as filed
BlackRock,Inc.09290D101COM4,576$4,800,924dollars as filed
Eaton Corp. PlcG29183103COM13,165$4,699,773dollars as filed
Goldman Sachs Group,Inc.38141G104COM6,242$4,417,679dollars as filed
PALO ALTO NETWORKS INC697435105COM20,845$4,265,721dollars as filed
Home Depot, Inc437076102COM11,509$4,219,660dollars as filed
TAIWAN SEMICONDUCTOR MFG874039100SPONSORED ADS16,642$3,769,247dollars as filed
ZOETIS INC CL A98978V103Stock23,711$3,697,653dollars as filed
Union Pacific Corporation907818108COM15,770$3,628,362dollars as filed
ROCKWELL AUTOMATION INC COM773903109Stock10,615$3,525,985dollars as filed
Caterpillar Inc.149123101COM8,777$3,407,319dollars as filed
Accenture Plc Class AG1151C101COM11,194$3,345,775dollars as filed
Thermo Fisher Scientific Inc.883556102COM8,240$3,341,066dollars as filed
VERTIV HOLDINGS CO COM CL A92537N108Stock24,301$3,120,504dollars as filed
American Tower Corporation03027X100COM13,314$2,942,740dollars as filed
BAKER HUGHES COMPANY CL A05722G100Stock75,252$2,885,162dollars as filed
Morgan Stanley617446448COM19,867$2,798,521dollars as filed
Alphabet Inc. Reg. Shares C02079K107COM15,722$2,788,926dollars as filed
CAPITAL ONE FINL CORP14040H105COM13,090$2,785,028dollars as filed
Johnson & Johnson478160104COM17,684$2,701,173dollars as filed
SPY78462F103SHS4,318$2,667,887dollars as filed
NextEra Energy,Inc.65339F101COM36,626$2,542,577dollars as filed
Danaher Corporation235851102COM12,738$2,516,277dollars as filed
TRACTOR SUPPLY CO COM892356106Stock47,530$2,508,158dollars as filed
Lowes Companies,Inc.548661107COM11,156$2,475,267dollars as filed
Waste Management, Inc.94106L109COM10,486$2,399,407dollars as filed
MasterCard, Inc57636Q104COM4,238$2,381,502dollars as filed
FISERV INC337738108COM13,775$2,374,948dollars as filed
Adobe Inc00724F101COM6,098$2,359,194dollars as filed
T-Mobile US,Inc.872590104COM9,789$2,332,390dollars as filed
McDonalds Corporation580135101COM7,918$2,313,402dollars as filed
ICICI BANK LIMITED ADR45104G104ADR67,438$2,268,614dollars as filed
VTI922908769COM7,435$2,259,823dollars as filed
TJX Companies Inc872540109COM18,246$2,253,199dollars as filed
American Express Company025816109COM6,787$2,164,917dollars as filed
AXALTA COATING SYS LTD COMG0750C108Stock63,226$1,877,180dollars as filed
BLACKSTONE INC09260D107COM12,511$1,871,395dollars as filed
SYNOPSYS INC COM871607107Stock3,620$1,855,902dollars as filed
Deere & Company244199105COM3,614$1,837,683dollars as filed
Oracle Corporation68389X105COM8,345$1,824,467dollars as filed
Chubb LimitedH1467J104COM6,237$1,806,984dollars as filed
DARDEN RESTAURANTS INC COM237194105Stock8,093$1,764,031dollars as filed
Intercontinental Exchange,Inc.45866F104COM9,559$1,753,790dollars as filed
VANGUARD STAR FDS921909768COM25,136$1,736,647dollars as filed
KIMBERLY-CLARK CORP COM494368103Stock12,922$1,665,904dollars as filed
iShares Core S&P Small-Cap ETF464287804SHS14,928$1,631,481dollars as filed
Uber Technologies90353T100COM17,105$1,595,897dollars as filed
NOVO-NORDISK A S ADR670100205ADR21,874$1,509,743dollars as filed
NIKE,Inc. Class B654106103COM21,098$1,498,770dollars as filed
International Business Machines Corporation459200101COM5,029$1,482,449dollars as filed
ULTA BEAUTY INC COM90384S303Stock3,153$1,475,036dollars as filed
META PLATFORMS INC CL A30303M102COM1,987$1,466,541dollars as filed
Vanguard Mid-Cap Growth ETF922908538SHS5,150$1,464,609dollars as filed
FREEPORT MCMORAN INC CL B35671D857Stock33,234$1,440,694dollars as filed
PepsiCo,Inc.713448108COM10,874$1,435,803dollars as filed
Honeywell Technologies438516106COM6,071$1,413,785dollars as filed
VIKING HOLDINGS LTDG93A5A101ORD SHS26,505$1,412,451dollars as filed
INFOSYS LTD SPONSORED ADR456788108ADR74,840$1,386,785dollars as filed
CONSTELLATION BRANDS INC CL A21036P108Stock8,482$1,379,852dollars as filed
Starbucks Corporation855244109COM14,992$1,373,717dollars as filed
Mondelez International,Inc. Class A609207105COM20,232$1,364,433dollars as filed
Boston Scientific Corporation101137107COM12,470$1,339,403dollars as filed
Pfizer Inc.717081103COM53,238$1,290,489dollars as filed
CME Group Inc. Class A12572Q105COM4,571$1,259,859dollars as filed
Lockheed Martin Corporation539830109COM2,693$1,247,236dollars as filed
METTLER TOLEDO INTERNATIONAL COM592688105Stock1,061$1,246,378dollars as filed
Chevron Corporation166764100COM8,610$1,232,866dollars as filed
Southern Company842587107COM13,328$1,223,910dollars as filed
CORTEVA INC COM22052L104Stock16,229$1,209,547dollars as filed
Procter & Gamble Co742718109COM7,540$1,201,196dollars as filed
ARES CAPITAL CORP04010L103COM54,667$1,200,480dollars as filed
RYANAIR HOLDINGS PLC SPONSORED ADR783513203ADR20,689$1,193,135dollars as filed
TRANE TECHNOLOGIES PLC SHSG8994E103Stock2,716$1,188,006dollars as filed
UnitedHealth Group Inc91324P102COM3,789$1,182,054dollars as filed
DIAMONDBACK ENERGY INC COM25278X109Stock8,503$1,168,312dollars as filed
CENCORA INC COM03073E105Stock3,858$1,156,821dollars as filed
ZSCALERINC98980G102STOK3,616$1,135,207dollars as filed
Walt Disney Co254687106COM9,091$1,127,345dollars as filed
NXP SEMICONDUCTORS N V COMN6596X109Stock5,047$1,102,719dollars as filed
INVESCO EXCHANGE-TRADED FD TR S&P 500 EQUAL WEIGHT ETF46137V357COM5,918$1,075,466dollars as filed
SHOPIFY INC82509L107CL A SUB VTG SHS9,208$1,062,143dollars as filed
Prologis,Inc.74340W103COM9,888$1,039,427dollars as filed
Walmart Inc.931142103COM10,487$1,025,419dollars as filed
YUM BRANDS INC COM988498101Stock6,899$1,022,294dollars as filed
FIRST SOLAR INC COM336433107Stock6,162$1,020,057dollars as filed
MARVELL TECHNOLOGY INC573874104COM13,110$1,014,714dollars as filed
ISHARES TR46429B598MSCI INDIA ETF17,946$999,233dollars as filed
Vanguard Small-Cap Value ETF922908611SHS4,947$964,650dollars as filed
MCKESSON CORP COM58155Q103Stock1,260$923,303dollars as filed
Cisco Systems,Inc.17275R102COM13,272$920,825dollars as filed
Bank of America Corp060505104COM19,400$918,008dollars as filed
ASMLHLDGNVFSPONSOREDADR1ADRREPS1ORDSHSN07059210STOK1,144$916,790dollars as filed
VULCAN MATLS CO COM929160109Stock3,513$916,261dollars as filed
SPORTRADAR GROUP AGH8088L103COM32,627$916,166dollars as filed
L3HARRIS TECHNOLOGIES INC COM502431109Stock3,642$913,559dollars as filed
Automatic Data Processing,Inc.053015103COM2,959$912,556dollars as filed
AUTODESK INC COM052769106Stock2,927$906,111dollars as filed
Coca-Cola Company191216100COM12,770$903,478dollars as filed
DATADOGINCCLASSA23804L103STOK6,640$891,951dollars as filed
CINTAS CORP COM172908105Stock4,000$891,480dollars as filed
Duke Energy Corporation26441C204COM7,489$883,683dollars as filed
AIR PRODS & CHEMS INC009158106COM3,103$875,232dollars as filed
BORGWARNER INC COM099724106Stock25,235$844,868dollars as filed
Cigna Corporation125523100COM2,504$827,772dollars as filed
CARRIER GLOBAL CORPORATION COM14448C104Stock11,240$822,656dollars as filed
iShares Russell Midcap ETF464287499SHS8,363$769,145dollars as filed
FORTIVE CORP COM34959J108Stock14,243$742,488dollars as filed
SKECHERS U S A INC830566105CL A11,525$727,228dollars as filed
GXO LOGISTICS INCORPORATED COMMON STOCK36262G101Stock14,849$723,146dollars as filed
Technology Select Sector SPDR Fund81369Y803SHS2,850$721,706dollars as filed
SENTINELONE INC81730H109CL A37,975$694,183dollars as filed
BROOKFIELD RENEWABLE ENERGYG16258108PARTNERSHIP UNIT26,657$680,020dollars as filed
SCHWAB STRATEGIC TR808524805INTL EQTY ETF30,153$666,376dollars as filed
Bristol-Myers Squibb Company110122108COM14,139$654,481dollars as filed
WELLTOWER INC COM95040Q104REIT4,076$626,603dollars as filed
SCHD808524797COM22,711$601,841dollars as filed
CARNIVAL CORP COMMON STOCK143658300Stock21,149$594,710dollars as filed
iShares MSCI Japan ETF46434G822SHS7,921$593,837dollars as filed
Vanguard Dividend Appreciation ETF921908844SHS2,879$589,283dollars as filed
iShares TIPS Bond ETF464287176SHS5,200$572,208dollars as filed
TRIP COM GROUP LTD ADS89677Q107ADR9,442$553,679dollars as filed
CHECK POINT SOFTWARE TECH LTD ORDM22465104Stock2,451$542,284dollars as filed
PNC FINL SVCS GROUP INC COM693475105Stock2,833$528,128dollars as filed
COLGATE PALMOLIVE CO COM194162103Stock5,772$524,675dollars as filed
SHERWIN WILLIAMS CO824348106COM1,467$503,709dollars as filed
iShares Russell 2000 ETF464287655SHS2,312$498,906dollars as filed
Comcast Corp20030N101COM13,918$496,733dollars as filed
ITAU UNIBANCO HLDG S A SPON ADR REP PFD465562106ADR72,288$490,836dollars as filed
Vanguard Mid-Cap Value ETF922908512SHS2,944$484,242dollars as filed
CAVAGROUPINC148929102STOK5,729$482,554dollars as filed
SHELL PLC SPON ADS780259305ADR6,672$469,776dollars as filed
EXPAND ENERGY CORPORATION COM165167735Stock3,918$458,171dollars as filed
Schwab U.S. Broad Market ETF808524102SHS19,187$457,225dollars as filed
CORNING INC219350105COM8,650$454,904dollars as filed
NUCOR CORP COM670346105Stock3,435$444,970dollars as filed
Merck & Co.,Inc.58933Y105COM5,570$440,921dollars as filed
IQVIA HLDGS INC COM46266C105Stock2,783$438,573dollars as filed
CABOT CORP127055101COM5,830$437,250dollars as filed
LEIDOS HOLDINGS INC COM525327102Stock2,750$433,840dollars as filed
VWO922042858SHS8,668$428,708dollars as filed
PARKER-HANNIFIN CORP COM701094104Stock603$421,177dollars as filed
RPM INTL INC COM749685103Stock3,700$406,408dollars as filed
CUMMINS INC COM231021106Stock1,240$406,100dollars as filed
EDWARDS LIFESCIENCES CORP COM28176E108Stock5,145$402,390dollars as filed
ALLSTATE CORP COM020002101Stock1,992$401,010dollars as filed
DELL TECHNOLOGIES INC CL C24703L202Stock3,178$389,623dollars as filed
Texas Instruments Incorporated882508104COM1,852$384,512dollars as filed
ISHARES TR464287465MSCI EAFE ETF4,225$377,673dollars as filed
CROWDSTRIKE HLDGS INC22788C105COM740$376,889dollars as filed
JOHNSON CTLS INTL PLC SHSG51502105Stock3,464$365,868dollars as filed
EAGLE MATLS INC COM26969P108Stock1,800$363,798dollars as filed
iShares U.S. Technology ETF464287721SHS2,030$351,738dollars as filed
HSBC HLDGS PLC SPON ADR NEW404280406ADR5,707$346,929dollars as filed
CANADIAN PACIFIC KANSAS CITY COM13646K108Stock4,185$331,745dollars as filed
AON PLC SHS CL AG0403H108Stock900$321,084dollars as filed
FEDEX CORP COM31428X106Stock1,367$310,733dollars as filed
PHILLIPS 66 COM718546104Stock2,600$310,180dollars as filed
VERALTO CORP COM SHS92338C103Stock3,061$309,011dollars as filed
Progressive Corporation743315103COM1,137$303,420dollars as filed
SELECT SECTOR SPDR TR81369Y704INDL2,020$297,990dollars as filed
CAMBRIA ETF TR132061201SHSHLD YIELD ETF4,213$273,999dollars as filed
BAIDU INC SPON ADR REP A056752108ADR3,102$266,028dollars as filed
DOVER CORP COM260003108Stock1,450$265,684dollars as filed
Avantis US Small Cap Value ETF025072877SHS2,913$265,398dollars as filed
SYSCOCORP871829107COM3,475$263,197dollars as filed
CSX Corporation126408103COM7,883$257,222dollars as filed
RALLIANT CORP750940108COM4,742$251,231dollars as filed
GE Vernova Inc.36828A101COM467$247,113dollars as filed
XYLEM INC COM98419M100Stock1,907$246,690dollars as filed
PUBLIC SVC ENTERPRISE GROUP COM744573106Stock2,900$244,122dollars as filed
Analog Devices,Inc.032654105COM1,015$241,590dollars as filed
Tesla Motors, Inc88160R101COM749$237,927dollars as filed
Wells Fargo & Company949746101COM2,964$237,441dollars as filed
IMMUNOME INC45257U108COM25,394$236,164dollars as filed
TECK RESOURCES LTD CL B878742204Stock5,775$233,195dollars as filed
Qualcomm Incorporated747525103COM1,462$232,838dollars as filed
IJH464287507COM3,620$224,512dollars as filed
Vanguard Mid-Cap ETF922908629SHS768$214,953dollars as filed
Vanguard FTSE Developed Markets ETF921943858SHS3,754$213,990dollars as filed
EMERSON ELEC CO COM291011104Stock1,587$211,595dollars as filed
INVESCO QQQ TR46090E103COM383$211,431dollars as filed
TRAVELERS COMPANIES INC COM89417E109Stock775$207,344dollars as filed
Schwab U.S. Small-Cap ETF808524607SHS8,142$205,986dollars as filed
SPDR GOLD TR78463V107GOLD SHS675$205,760dollars as filed
KLA CORP482480100COM225$201,542dollars as filed
MIZUHO FINANCIAL GROUP INC SPONSORED ADR60687Y109ADR28,800$160,128dollars as filed
OCUGEN INC67577C105COMMON STOCK25,000$24,260dollars as filed

Amendment chain

FilingRoleFiledAcceptedIngested
13F-HR 0001346378-25-000004this filing2025-08-11acceptance time not in the bulk data set