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13F-HR filed by Baldwin Investment Management, LLC

Baldwin Investment Management, LLC filed this 13F-HR for the quarter ended 2025-09-30, filed 2025-11-10, with 207 holding rows worth $873,386,104.

Accession
0001346378-25-000009
Filed
2025-11-10
Accepted by EDGAR
acceptance time not in the bulk data set
Ingested
Source
SEC quarterly data set

Original filing

13F report for Q3 2025

A holdings report, 207 entries on the cover page, a total value of $873,386,104 stated on the cover page (in dollars after the unit check, H1), rows summing to $873,386,104 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$419,335,200dollars as filed
Broadcom Inc.11135F101COM72,212$23,823,518dollars as filed
NVIDIA Corp67066G104COM118,189$22,051,694dollars as filed
Apple Inc037833100COM72,486$18,457,160dollars as filed
Microsoft Corp594918104COM32,688$16,930,750dollars as filed
JPMorgan Chase & Co46625H100COM48,789$15,389,602dollars as filed
Lam Research Corporation512807306COM100,028$13,393,811dollars as filed
Costco Wholesale Corporation22160K105COM11,048$10,226,181dollars as filed
Berkshire Hathaway Inc084670702COM18,978$9,541,000dollars as filed
Amazon.com, Inc023135106COM41,364$9,082,293dollars as filed
Eli Lilly and Company532457108COM11,079$8,453,143dollars as filed
Alphabet Inc. Reg. Shares A02079K305COM33,819$8,221,431dollars as filed
Visa Inc92826C839COM21,536$7,351,981dollars as filed
Raytheon Technologies Corporation75513E101COM43,252$7,237,351dollars as filed
AbbVie,Inc.00287Y109COM28,980$6,709,994dollars as filed
EXXON MOBIL CORP30231G102COM56,873$6,412,378dollars as filed
Vertex Pharmaceuticals Incorporated92532F100COM15,748$6,167,547dollars as filed
ENTERPRISE PRODS PARTNERS L293792107COM192,440$6,017,599dollars as filed
Linde plcG54950103COM12,012$5,705,858dollars as filed
BlackRock,Inc.09290D101COM4,651$5,422,030dollars as filed
Vanguard S&P 500 ETF922908363COM8,811$5,395,477dollars as filed
Abbott Laboratories002824100COM39,465$5,285,908dollars as filed
Goldman Sachs Group,Inc.38141G104COM6,417$5,110,085dollars as filed
S&P Global,Inc.78409V104COM10,242$4,985,014dollars as filed
PALO ALTO NETWORKS INC697435105COM24,255$4,938,803dollars as filed
Eaton Corp. PlcG29183103COM12,710$4,756,718dollars as filed
Intuitive Surgical,Inc.46120E602COM10,562$4,723,643dollars as filed
Home Depot, Inc437076102COM11,614$4,705,877dollars as filed
TAIWAN SEMICONDUCTOR MFG874039100SPONSORED ADS16,592$4,633,980dollars as filed
Caterpillar Inc.149123101COM8,582$4,094,901dollars as filed
Thermo Fisher Scientific Inc.883556102COM8,250$4,001,510dollars as filed
Alphabet Inc. Reg. Shares C02079K107COM15,772$3,841,271dollars as filed
ROCKWELL AUTOMATION INC COM773903109Stock10,540$3,684,046dollars as filed
VERTIV HOLDINGS CO COM CL A92537N108Stock24,301$3,666,066dollars as filed
BAKER HUGHES COMPANY CL A05722G100Stock73,452$3,578,581dollars as filed
ZOETIS INC CL A98978V103Stock22,966$3,360,327dollars as filed
Johnson & Johnson478160104COM17,940$3,326,344dollars as filed
Morgan Stanley617446448COM19,672$3,127,012dollars as filed
Union Pacific Corporation907818108COM13,082$3,092,192dollars as filed
CAPITAL ONE FINL CORP14040H105COM13,925$2,960,177dollars as filed
NextEra Energy,Inc.65339F101COM38,166$2,881,151dollars as filed
SPY78462F103SHS4,122$2,746,028dollars as filed
Lowes Companies,Inc.548661107COM10,822$2,719,558dollars as filed
TJX Companies Inc872540109COM18,396$2,658,958dollars as filed
Accenture Plc Class AG1151C101COM10,629$2,621,111dollars as filed
TRACTOR SUPPLY CO COM892356106Stock45,280$2,575,074dollars as filed
American Tower Corporation03027X100COM13,315$2,560,653dollars as filed
Danaher Corporation235851102COM12,438$2,466,038dollars as filed
VTI922908769COM7,473$2,452,304dollars as filed
MasterCard, Inc57636Q104COM4,238$2,410,617dollars as filed
Waste Management, Inc.94106L109COM10,786$2,381,872dollars as filed
T-Mobile US,Inc.872590104COM9,777$2,340,491dollars as filed
American Express Company025816109COM6,937$2,304,194dollars as filed
McDonalds Corporation580135101COM7,568$2,299,840dollars as filed
Oracle Corporation68389X105COM8,030$2,258,357dollars as filed
BLACKSTONE INC09260D107COM12,511$2,137,504dollars as filed
DARDEN RESTAURANTS INC COM237194105Stock10,723$2,041,230dollars as filed
ICICI BANK LIMITED ADR45104G104ADR67,438$2,038,651dollars as filed
Adobe Inc00724F101COM5,723$2,018,788dollars as filed
AXALTA COATING SYS LTD COMG0750C108Stock65,676$1,879,647dollars as filed
VANGUARD STAR FDS921909768COM25,264$1,855,865dollars as filed
Deere & Company244199105COM3,999$1,828,583dollars as filed
ULTA BEAUTY INC COM90384S303Stock3,293$1,800,448dollars as filed
International Business Machines Corporation459200101COM6,304$1,778,737dollars as filed
iShares Core S&P Small-Cap ETF464287804SHS14,928$1,773,894dollars as filed
Chubb LimitedH1467J104COM6,237$1,760,393dollars as filed
SYNOPSYS INC COM871607107Stock3,556$1,754,495dollars as filed
Uber Technologies90353T100COM17,637$1,727,897dollars as filed
ZSCALERINC98980G102STOK5,608$1,680,493dollars as filed
Intercontinental Exchange,Inc.45866F104COM9,559$1,610,500dollars as filed
FISERV INC337738108COM12,325$1,589,062dollars as filed
PepsiCo,Inc.713448108COM11,024$1,548,211dollars as filed
Vanguard Mid-Cap Growth ETF922908538SHS5,150$1,513,019dollars as filed
FREEPORT MCMORAN INC CL B35671D857Stock37,934$1,487,771dollars as filed
VIKING HOLDINGS LTDG93A5A101ORD SHS23,785$1,478,476dollars as filed
NIKE,Inc. Class B654106103COM21,098$1,471,153dollars as filed
META PLATFORMS INC CL A30303M102COM1,962$1,440,876dollars as filed
KIMBERLY-CLARK CORP COM494368103Stock11,482$1,427,672dollars as filed
Pfizer Inc.717081103COM53,638$1,366,696dollars as filed
FIRST SOLAR INC COM336433107Stock6,127$1,351,187dollars as filed
SHOPIFY INC82509L107CL A SUB VTG SHS8,978$1,334,221dollars as filed
Chevron Corporation166764100COM8,550$1,327,730dollars as filed
Southern Company842587107COM13,878$1,315,218dollars as filed
METTLER TOLEDO INTERNATIONAL COM592688105Stock1,061$1,302,494dollars as filed
Honeywell Technologies438516106COM6,163$1,297,285dollars as filed
ASMLHLDGNVFSPONSOREDADR1ADRREPS1ORDSHSN07059210STOK1,334$1,291,432dollars as filed
Boston Scientific Corporation101137107COM13,145$1,283,346dollars as filed
Starbucks Corporation855244109COM14,892$1,259,863dollars as filed
Mondelez International,Inc. Class A609207105COM20,158$1,259,246dollars as filed
RYANAIR HOLDINGS PLC SPONSORED ADR783513203ADR20,689$1,245,892dollars as filed
ARES CAPITAL CORP04010L103COM60,770$1,240,311dollars as filed
CME Group Inc. Class A12572Q105COM4,571$1,235,038dollars as filed
INFOSYS LTD SPONSORED ADR456788108ADR74,840$1,217,647dollars as filed
NOVO-NORDISK A S ADR670100205ADR21,874$1,213,788dollars as filed
DIAMONDBACK ENERGY INC COM25278X109Stock8,479$1,213,345dollars as filed
L3HARRIS TECHNOLOGIES INC COM502431109Stock3,892$1,188,656dollars as filed
DATADOGINCCLASSA23804L103STOK8,310$1,183,344dollars as filed
EDWARDS LIFESCIENCES CORP COM28176E108Stock15,085$1,173,160dollars as filed
NXP SEMICONDUCTORS N V COMN6596X109Stock5,047$1,149,353dollars as filed
TRANE TECHNOLOGIES PLC SHSG8994E103Stock2,716$1,146,043dollars as filed
UnitedHealth Group Inc91324P102COM3,249$1,121,880dollars as filed
CORTEVA INC COM22052L104Stock16,129$1,090,804dollars as filed
Procter & Gamble Co742718109COM7,040$1,081,621dollars as filed
VULCAN MATLS CO COM929160109Stock3,513$1,080,669dollars as filed
BORGWARNER INC COM099724106Stock24,535$1,078,559dollars as filed
INVESCO EXCHANGE-TRADED FD TR S&P 500 EQUAL WEIGHT ETF46137V357COM5,622$1,066,480dollars as filed
CENCORA INC COM03073E105Stock3,408$1,065,102dollars as filed
YUM BRANDS INC COM988498101Stock6,899$1,048,648dollars as filed
Walt Disney Co254687106COM8,902$1,019,322dollars as filed
Walmart Inc.931142103COM9,887$1,018,954dollars as filed
Bank of America Corp060505104COM19,495$1,005,747dollars as filed
Vanguard Small-Cap Value ETF922908611SHS4,741$989,412dollars as filed
Prologis,Inc.74340W103COM8,638$989,224dollars as filed
Duke Energy Corporation26441C204COM7,944$983,009dollars as filed
ISHARES TR46429B598MSCI INDIA ETF18,746$975,917dollars as filed
AUTODESK INC COM052769106Stock2,927$929,820dollars as filed
MCKESSON CORP COM58155Q103Stock1,190$919,323dollars as filed
Cisco Systems,Inc.17275R102COM13,272$908,084dollars as filed
SPORTRADAR GROUP AGH8088L103COM32,627$877,666dollars as filed
Automatic Data Processing,Inc.053015103COM2,959$868,467dollars as filed
Analog Devices,Inc.032654105COM3,515$863,636dollars as filed
Coca-Cola Company191216100COM12,770$846,906dollars as filed
AIR PRODS & CHEMS INC009158106COM3,103$846,250dollars as filed
CINTAS CORP COM172908105Stock4,000$821,040dollars as filed
iShares Russell Midcap ETF464287499SHS8,363$807,448dollars as filed
MARVELL TECHNOLOGY INC573874104COM9,600$807,072dollars as filed
GXO LOGISTICS INCORPORATED COMMON STOCK36262G101Stock15,189$803,346dollars as filed
Technology Select Sector SPDR Fund81369Y803SHS2,850$803,301dollars as filed
EXPAND ENERGY CORPORATION COM165167735Stock7,118$756,216dollars as filed
WELLTOWER INC COM95040Q104REIT4,076$726,099dollars as filed
Cigna Corporation125523100COM2,504$721,778dollars as filed
TRIP COM GROUP LTD ADS89677Q107ADR9,442$710,038dollars as filed
SCHWAB STRATEGIC TR808524805INTL EQTY ETF30,153$701,957dollars as filed
BROOKFIELD RENEWABLE ENERGYG16258108PARTNERSHIP UNIT26,657$687,484dollars as filed
Lockheed Martin Corporation539830109COM1,350$673,934dollars as filed
CARRIER GLOBAL CORPORATION COM14448C104Stock11,240$671,028dollars as filed
FORTIVE CORP COM34959J108Stock13,654$668,909dollars as filed
iShares MSCI Japan ETF46434G822SHS7,921$635,343dollars as filed
CORNING INC219350105COM7,675$629,580dollars as filed
Vanguard Dividend Appreciation ETF921908844SHS2,886$622,807dollars as filed
SCHD808524797COM22,641$618,089dollars as filed
CARNIVAL CORP COMMON STOCK143658300Stock21,129$610,839dollars as filed
iShares TIPS Bond ETF464287176SHS5,200$578,344dollars as filed
PNC FINL SVCS GROUP INC COM693475105Stock2,833$569,235dollars as filed
iShares Russell 2000 ETF464287655SHS2,312$559,412dollars as filed
CONSTELLATION BRANDS INC CL A21036P108Stock4,102$552,416dollars as filed
ITAU UNIBANCO HLDG S A SPON ADR REP PFD465562106ADR72,288$530,594dollars as filed
IQVIA HLDGS INC COM46266C105Stock2,758$523,855dollars as filed
CUMMINS INC COM231021106Stock1,240$523,739dollars as filed
LEIDOS HOLDINGS INC COM525327102Stock2,750$519,640dollars as filed
SHERWIN WILLIAMS CO824348106COM1,467$507,963dollars as filed
CHECK POINT SOFTWARE TECH LTD ORDM22465104Stock2,451$507,136dollars as filed
Schwab U.S. Broad Market ETF808524102SHS19,195$493,508dollars as filed
Vanguard Mid-Cap Value ETF922908512SHS2,808$490,134dollars as filed
SHELL PLC SPON ADS780259305ADR6,672$477,248dollars as filed
VWO922042858SHS8,672$469,849dollars as filed
RPM INTL INC COM749685103Stock3,975$468,573dollars as filed
Merck & Co.,Inc.58933Y105COM5,570$467,490dollars as filed
COLGATE PALMOLIVE CO COM194162103Stock5,772$461,414dollars as filed
PARKER-HANNIFIN CORP COM701094104Stock603$457,164dollars as filed
Comcast Corp20030N101COM13,918$437,304dollars as filed
CABOT CORP127055101COM5,730$435,767dollars as filed
ALLSTATE CORP COM020002101Stock1,992$427,583dollars as filed
EAGLE MATLS INC COM26969P108Stock1,800$419,472dollars as filed
AMRIZE LTD SHSH2927K103Stock8,605$417,601dollars as filed
BAIDU INC SPON ADR REP A056752108ADR3,102$408,751dollars as filed
HSBC HLDGS PLC SPON ADR NEW404280406ADR5,707$405,083dollars as filed
JOHNSON CTLS INTL PLC SHSG51502105Stock3,464$380,867dollars as filed
iShares U.S. Technology ETF464287721SHS1,930$378,010dollars as filed
Bristol-Myers Squibb Company110122108COM8,369$377,434dollars as filed
CROWDSTRIKE HLDGS INC22788C105COM765$375,141dollars as filed
ISHARES TR464287465MSCI EAFE ETF3,825$357,140dollars as filed
DUTCH BROS INC26701L100CL A6,820$356,959dollars as filed
PHILLIPS 66 COM718546104Stock2,600$353,652dollars as filed
Texas Instruments Incorporated882508104COM1,777$326,488dollars as filed
Tesla Motors, Inc88160R101COM734$326,424dollars as filed
AON PLC SHS CL AG0403H108Stock900$320,922dollars as filed
VERALTO CORP COM SHS92338C103Stock2,961$315,676dollars as filed
CANADIAN PACIFIC KANSAS CITY COM13646K108Stock4,185$311,741dollars as filed
DELL TECHNOLOGIES INC CL C24703L202Stock2,178$308,775dollars as filed
SELECT SECTOR SPDR TR81369Y704INDL1,970$303,833dollars as filed
IMMUNOME INC45257U108COM25,394$297,364dollars as filed
EXELON CORP COM30161N101Stock6,450$290,315dollars as filed
HUBSPOTINC443573100STOK617$288,633dollars as filed
CAMBRIA ETF TR132061201SHSHLD YIELD ETF4,179$286,944dollars as filed
SYSCOCORP871829107COM3,475$286,132dollars as filed
XYLEM INC COM98419M100Stock1,907$281,283dollars as filed
CSX Corporation126408103COM7,883$279,925dollars as filed
GE Vernova Inc.36828A101COM437$268,711dollars as filed
Avantis US Small Cap Value ETF025072877SHS2,625$261,290dollars as filed
KYNDRYL HLDGS INC50155Q100COMMON STOCK8,380$251,651dollars as filed
Qualcomm Incorporated747525103COM1,462$243,218dollars as filed
PUBLIC SVC ENTERPRISE GROUP COM744573106Stock2,900$242,034dollars as filed
DOVER CORP COM260003108Stock1,450$241,904dollars as filed
IJH464287507COM3,620$236,241dollars as filed
FEDEX CORP COM31428X106Stock977$230,386dollars as filed
INVESCO QQQ TR46090E103COM383$230,108dollars as filed
NUCOR CORP COM670346105Stock1,680$227,522dollars as filed
Schwab U.S. Small-Cap ETF808524607SHS8,147$227,292dollars as filed
Vanguard Mid-Cap ETF922908629SHS771$226,370dollars as filed
SPDR GOLD TR78463V107GOLD SHS625$222,169dollars as filed
Vanguard FTSE Developed Markets ETF921943858SHS3,682$220,654dollars as filed
Progressive Corporation743315103COM887$219,045dollars as filed
Micron Technology,Inc.595112103COM1,300$217,516dollars as filed
EMERSON ELEC CO COM291011104Stock1,587$208,183dollars as filed
MIZUHO FINANCIAL GROUP INC SPONSORED ADR60687Y109ADR28,800$192,960dollars as filed
OCUGEN INC67577C105COMMON STOCK25,000$40,750dollars as filed

Amendment chain

FilingRoleFiledAcceptedIngested
13F-HR 0001346378-25-000009this filing2025-11-10acceptance time not in the bulk data set