Baldwin Investment Management, LLC

13F filer, CIK 1346378, WEST CONSHOHOCKEN, PA

Baldwin Investment Management, LLC reported $797,873,977 across 213 holdings for the quarter ended 2024-09-30, in a 13F-HR filed 2024-11-13. Its ten largest share positions make up 61.94% of the portfolio.

Filed 2024-11-13 (acceptance time not in the bulk data set), ingested 2026-10-07 18:26:56 UTC13F-HR 0001346378-24-000009

Period: 2024-09-30
Reported value: $798M
Holdings: 213
Top 10 weight: 61.94%
New: 15
Sold out: 7

Largest buys vs the previous quarter

Security	Shares change	Approx. value
1/100 Berkshire Hath Anew	+55,800	$386M
AVGOadded	+73,150	$12.6M
LRCXnew	+10,249	$8.36M
BLKnew	+4,958	$4.71M
SNPSadded	+2,860	$1.45M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
BRK-Aexited	-558	-$342M
LAM RESEARCH CORPexited	-10,112	-$10.8M
BLACKROCK INCexited	-5,072	-$3.99M
DEreduced	-1,887	-$788K
RSPreduced	-3,629	-$650K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2024

Share positions as resolved from 13F-HR 0001346378-24-000009, largest first. % of portfolio is the value over $797,873,977, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
1/100 Berkshire Hath A1/100 Berkshire Hath A	55,800	$386M	48.34%	new
MSFTMICROSOFT CORP	40,829	$17.6M	2.2%	+1,003	Timeline
AAPLAPPLE INC	73,567	$17.1M	2.15%	-352	Timeline
NVDANVIDIA CORPORATION	120,981	$14.7M	1.84%	+6,379	Timeline
AVGOBROADCOM INC	81,378	$14M	1.76%	+73,150	Timeline
JPMJPMORGAN CHASE & CO	51,922	$10.9M	1.37%	-860	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	19,904	$9.16M	1.15%	-777	Timeline
COSTCOSTCO WHOLESALE CORPORATION	9,855	$8.74M	1.09%	-218	Timeline
LRCXLAM RESEARCH CORP	10,249	$8.36M	1.05%	new	Timeline
AMZNAMAZON COM INC	42,135	$7.85M	0.98%	+5,650	Timeline
LLYELI LILLY & CO	8,354	$7.4M	0.93%	+195	Timeline
LINLINDE PLC	13,651	$6.51M	0.82%	-235	Timeline
ABBVABBVIE INC	30,451	$6.01M	0.75%	-1,017	Timeline
XOMEXXON MOBIL CORP	50,310	$5.9M	0.74%	+452	Timeline
ZTSZOETIS INC	29,958	$5.85M	0.73%	-940	Timeline
EPDENTERPRISE PRODS PARTNERS L	198,533	$5.78M	0.72%	-548	Timeline
GOOGLALPHABET INC	34,711	$5.76M	0.72%	-434	Timeline
VRTXVERTEX PHARMACEUTICALS INC	11,891	$5.53M	0.69%	+135	Timeline
VVISA INC	18,352	$5.05M	0.63%	-195	Timeline
SPGIS&P GLOBAL INC	9,596	$4.96M	0.62%	+31	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	7,760	$4.8M	0.6%	-108	Timeline
ISRGINTUITIVE SURGICAL INC	9,743	$4.79M	0.6%	+158	Timeline
BLKBLACKROCK INC	4,958	$4.71M	0.59%	new	Timeline
HDHOME DEPOT INC	11,457	$4.64M	0.58%	-414	Timeline
ACNACCENTURE PLC IRELAND	12,950	$4.58M	0.57%	+298	Timeline
DHRDANAHER CORP DEL	15,926	$4.43M	0.55%	-348	Timeline
RTXRTX CORPORATION	36,377	$4.41M	0.55%	-326	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	7,147	$4.1M	0.51%	+12	Timeline
ABTABBOTT LABORATORIES	34,165	$3.9M	0.49%	+652	Timeline
GSGOLDMAN SACHS GROUP INC	7,861	$3.89M	0.49%	-49	Timeline
UNPUNION PAC CORP	15,624	$3.85M	0.48%	-165	Timeline
FISVFISERV INC	21,345	$3.83M	0.48%	-600	Timeline
CATCATERPILLAR INC	9,751	$3.81M	0.48%	-302	Timeline
ETNEATON CORP PLC	10,287	$3.41M	0.43%	+539	Timeline
TSCOTRACTOR SUPPLY CO	11,402	$3.32M	0.42%	+38	Timeline
ADBEADOBE INC	6,199	$3.21M	0.4%	-191	Timeline
JNJJOHNSON & JOHNSON	19,483	$3.16M	0.4%	-775	Timeline
AMTAMERICAN TOWER CORP	13,321	$3.1M	0.39%	-130	Timeline
NEENEXTERA ENERGY INC	35,357	$2.99M	0.37%	+317	Timeline
BWABORGWARNER INC	81,504	$2.96M	0.37%	+10,249	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	16,216	$2.82M	0.35%	+200	Timeline
GOOGALPHABET INC	16,600	$2.78M	0.35%	-280	Timeline
PANWPALO ALTO NETWORKS INC	8,027	$2.74M	0.34%	+83	Timeline
LOWLOWES COS INC	9,981	$2.7M	0.34%	-600	Timeline
NVONOVO-NORDISK A S	22,180	$2.64M	0.33%	0	Timeline
SNPSSYNOPSYS INC	5,151	$2.61M	0.33%	+2,860	Timeline
BXBLACKSTONE INC	16,922	$2.59M	0.32%	-195	Timeline
FSLRFIRST SOLAR INC	9,739	$2.43M	0.3%	+2,629	Timeline
WMWASTE MGMT INC DEL	11,641	$2.42M	0.3%	-750	Timeline
ULTAULTA BEAUTY INC	6,111	$2.38M	0.3%	-284	Timeline
KMBKIMBERLY-CLARK CORP	16,397	$2.33M	0.29%	+1,990	Timeline
MSMORGAN STANLEY	22,347	$2.33M	0.29%	-2,033	Timeline
PEPPEPSICO INC	13,499	$2.3M	0.29%	-810	Timeline
STZCONSTELLATION BRANDS INC	8,870	$2.29M	0.29%	-1,249	Timeline
TMUST-MOBILE US INC	10,565	$2.18M	0.27%	+35	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	13,527	$2.17M	0.27%	+100	Timeline
IJRISHARES TR	17,920	$2.1M	0.26%	-220	Timeline
VTIVANGUARD INDEX FDS	7,325	$2.07M	0.26%	+1,806	Timeline
NKENIKE INC	23,044	$2.04M	0.26%	-349	Timeline
MCDMCDONALDS CORP	6,466	$1.97M	0.25%	-670	Timeline
VRTVERTIV HOLDINGS CO	19,509	$1.94M	0.24%	+9,040	Timeline
MTDMETTLER TOLEDO INTERNATIONAL	1,291	$1.94M	0.24%	0	Timeline
FTVFORTIVE CORP	24,468	$1.93M	0.24%	-3,261	Timeline
IBMINTERNATIONAL BUSINESS MACHS	8,549	$1.89M	0.24%	0	Timeline
COFCAPITAL ONE FINL CORP	12,215	$1.83M	0.23%	+70	Timeline
INFYINFOSYS LTD	78,356	$1.74M	0.22%	0	Timeline
IBNICICI BK LTD	57,476	$1.72M	0.22%	0	Timeline
VXUSVANGUARD STAR FDS	26,464	$1.71M	0.21%	+814	Timeline
TJXTJX COS INC NEW	14,400	$1.69M	0.21%	-775	Timeline
FCXFREEPORT MCMORAN INC	33,081	$1.65M	0.21%	+7,624	Timeline
UNHUNITEDHEALTH GROUP INC	2,800	$1.64M	0.21%	+74	Timeline
LMTLOCKHEED MARTIN CORP	2,783	$1.63M	0.2%	+64	Timeline
BSYBENTLEY SYS INC	31,935	$1.62M	0.2%	-10,350	Timeline
NXPINXP SEMICONDUCTORS N V	6,707	$1.61M	0.2%	-180	Timeline
MDLZMONDELEZ INTL INC	20,676	$1.52M	0.19%	-510	Timeline
CBCHUBB LIMITED	5,201	$1.5M	0.19%	-240	Timeline
VOEVANGUARD INDEX FDS	8,916	$1.49M	0.19%	+3	Timeline
VMCVULCAN MATLS CO	5,764	$1.44M	0.18%	-100	Timeline
CVXCHEVRON CORPORATION	9,744	$1.43M	0.18%	-472	Timeline
CBTCABOT CORP	12,555	$1.4M	0.18%	-5,629	Timeline
PLDPROLOGIS INC.	10,967	$1.38M	0.17%	-732	Timeline
VOTVANGUARD INDEX FDS	5,684	$1.38M	0.17%	0	Timeline
INDAISHARES TR	23,203	$1.36M	0.17%	-550	Timeline
FANGDIAMONDBACK ENERGY INC	7,822	$1.35M	0.17%	+897	Timeline
ORCLORACLE CORP	7,912	$1.35M	0.17%	+150	Timeline
HONHONEYWELL INTL INC	6,453	$1.33M	0.17%	-81	Timeline
DRIDARDEN RESTAURANTS INC	8,103	$1.33M	0.17%	-1,430	Timeline
TTTRANE TECHNOLOGIES PLC	3,370	$1.31M	0.16%	-50	Timeline
LHXL3HARRIS TECHNOLOGIES INC	5,427	$1.29M	0.16%	-1,110	Timeline
SBUXSTARBUCKS CORP	13,228	$1.29M	0.16%	-434	Timeline
SCHDSCHWAB STRATEGIC TR	15,031	$1.27M	0.16%	-2,242	Timeline
CARRCARRIER GLOBAL CORPORATION	15,775	$1.27M	0.16%	+10	Timeline
VBRVANGUARD INDEX FDS	6,319	$1.27M	0.16%	-186	Timeline
APDAIR PRODUCTS AND CHEMICALS I	4,155	$1.24M	0.16%	0	Timeline
JJACOBS SOLUTIONS INC	9,215	$1.21M	0.15%	-210	Timeline
PGPROCTER & GAMBLE CO	6,906	$1.2M	0.15%	+22	Timeline
CMECME GROUP INC	5,390	$1.19M	0.15%	-135	Timeline
RSPINVESCO EXCHANGE TRADED FD T	6,553	$1.17M	0.15%	-3,629	Timeline
AXPAMERICAN EXPRESS CO	4,210	$1.14M	0.14%	+100	Timeline
DEDEERE & CO	2,721	$1.14M	0.14%	-1,887	Timeline
YUMYUM BRANDS INC	8,092	$1.13M	0.14%	-360	Timeline
METAMETA PLATFORMS INC	1,926	$1.1M	0.14%	+118	Timeline
SOSOUTHERN CO	12,069	$1.09M	0.14%	-401	Timeline
NUENUCOR CORP	7,210	$1.08M	0.14%	-385	Timeline
CTVACORTEVA INC	18,354	$1.08M	0.14%	-2,833	Timeline
ARCCARES CAPITAL CORP	50,674	$1.06M	0.13%	-3,613	Timeline
VIGVANGUARD SPECIALIZED FUNDS	5,292	$1.05M	0.13%	+8	Timeline
ADSKAUTODESK INC	3,732	$1.03M	0.13%	-1,863	Timeline
DUKDUKE ENERGY CORP NEW	8,633	$995K	0.12%	-215	Timeline
UBERUBER TECHNOLOGIES INC	12,962	$974K	0.12%	new	Timeline
RYAAYRYANAIR HOLDINGS PLC	21,418	$968K	0.12%	+12,851	Timeline
XLKSELECT SECTOR SPDR TR	4,265	$963K	0.12%	0	Timeline
CTRACOTERRA ENERGY INC	39,352	$942K	0.12%	-20	Timeline
BACBANK OF AMER CORP	21,520	$854K	0.11%	0	Timeline
BKRBAKER HUGHES COMPANY	23,437	$847K	0.11%	-525	Timeline
BEPBROOKFIELD RENEWABLE ENERGY	30,032	$846K	0.11%	-576	Timeline
ADPAUTOMATIC DATA PROCESSING IN	3,047	$843K	0.11%	0	Timeline
IQVIQVIA HLDGS INC	3,548	$841K	0.11%	+280	Timeline
DISDISNEY WALT CO	8,666	$834K	0.1%	+948	Timeline
CTASCINTAS CORP	4,000	$824K	0.1%	+3,000	Timeline
MRKMERCK & CO INC	7,220	$820K	0.1%	+100	Timeline
OTISOTIS WORLDWIDE CORP	7,857	$817K	0.1%	0	Timeline
PNCPNC FINL SVCS GROUP INC	4,403	$814K	0.1%	+175	Timeline
MAMASTERCARD INCORPORATED	1,638	$809K	0.1%	0	Timeline
EXPEAGLE MATLS INC	2,780	$800K	0.1%	+150	Timeline
MCKMCKESSON CORP	1,617	$799K	0.1%	-280	Timeline
MRVLMARVELL TECHNOLOGY INC	11,035	$796K	0.1%	-4,560	Timeline
ASMLASML HLDG NV	900	$750K	0.09%	+100	Timeline
SHOPSHOPIFY INC	9,208	$738K	0.09%	0	Timeline
BSXBOSTON SCIENTIFIC CORP	8,638	$724K	0.09%	+913	Timeline
WMTWALMART INC	8,745	$706K	0.09%	0	Timeline
CMCSACOMCAST CORP NEW	16,727	$699K	0.09%	-968	Timeline
SKXSKECHERS U S A INC	10,275	$688K	0.09%	+150	Timeline
CMICUMMINS INC	2,075	$672K	0.08%	-35	Timeline
KOCOCA COLA CO	9,335	$671K	0.08%	-250	Timeline
ROKROCKWELL AUTOMATION INC	2,470	$663K	0.08%	-610	Timeline
SCHASCHWAB STRATEGIC TR	12,420	$640K	0.08%	-1,061	Timeline
RPMRPM INTL INC	5,200	$629K	0.08%	0	Timeline
TXNTEXAS INSTRS INC	3,045	$629K	0.08%	-65	Timeline
GEHCGE HEALTHCARE TECHNOLOGIES I	6,673	$626K	0.08%	+760	Timeline
EWJISHARES INC	8,669	$620K	0.08%	0	Timeline
SCHFSCHWAB STRATEGIC TR	14,807	$609K	0.08%	+905	Timeline
TCOMTRIP COM GROUP LTD	10,239	$609K	0.08%	0	Timeline
KKRKKR & CO INC	4,500	$588K	0.07%	0	Timeline
PFEPFIZER INC	20,298	$587K	0.07%	+5,875	Timeline
BMYBRISTOL-MYERS SQUIBB CO	11,149	$577K	0.07%	-700	Timeline
TECKTECK RESOURCES LTD	11,035	$576K	0.07%	+4,775	Timeline
SHWSHERWIN WILLIAMS CO	1,507	$575K	0.07%	-30	Timeline
TIPISHARES TR	5,200	$574K	0.07%	0	Timeline
SHELSHELL PLC	8,682	$573K	0.07%	-337	Timeline
FDXFEDEX CORP	2,085	$571K	0.07%	-490	Timeline
TROWPRICE T ROWE GROUP INC	5,102	$556K	0.07%	0	Timeline
CHKPCHECK POINT SOFTWARE TECH LT	2,773	$535K	0.07%	0	Timeline
LDOSLEIDOS HOLDINGS INC	3,250	$530K	0.07%	0	Timeline
VOVANGUARD INDEX FDS	1,963	$518K	0.06%	+5	Timeline
ITUBITAU UNIBANCO HLDG S A	73,956	$492K	0.06%	0	Timeline
AONAON PLC	1,400	$484K	0.06%	0	Timeline
WELLWELLTOWER INC	3,760	$481K	0.06%	0	Timeline
CLCOLGATE PALMOLIVE CO	4,449	$462K	0.06%	0	Timeline
SYLDCAMBRIA ETF TR	6,318	$457K	0.06%	+3,349	Timeline
NSPINSPERITY INC	5,135	$452K	0.06%	0	Timeline
SYYSYSCO CORP	5,615	$438K	0.05%	-400	Timeline
VEAVANGUARD TAX-MANAGED FDS	7,832	$414K	0.05%	+2	Timeline
AVUVAMERICAN CENTY ETF TR	4,168	$400K	0.05%	-540	Timeline
WYNNWYNN RESORTS LTD	4,155	$398K	0.05%	new	Timeline
VWOVANGUARD INTL EQUITY INDEX F	8,151	$390K	0.05%	-797	Timeline
CSCOCISCO SYS INC	7,272	$387K	0.05%	-4,211	Timeline
PHPARKER-HANNIFIN CORP	603	$381K	0.05%	0	Timeline
SRADSPORTRADAR GROUP AG	31,351	$380K	0.05%	0	Timeline
IBBISHARES TR	2,565	$373K	0.05%	0	Timeline
DELLDELL TECHNOLOGIES INC	3,143	$373K	0.05%	-605	Timeline
IMNMIMMUNOME INC	25,394	$371K	0.05%	0	Timeline
RLRALPH LAUREN CORP	1,900	$368K	0.05%	0	Timeline
AZNASTRAZENECA PLC-SPONS ADR	4,656	$363K	0.05%	0	Timeline
VLTOVERALTO CORP	3,240	$362K	0.05%	-106	Timeline
CPCANADIAN PACIFIC KANSAS CITY	4,185	$358K	0.04%	0	Timeline
ITWILLINOIS TOOL WKS INC	1,349	$354K	0.04%	0	Timeline
BIDUBAIDU INC	3,339	$352K	0.04%	0	Timeline
XLFSELECT SECTOR SPDR TR	7,360	$334K	0.04%	-250	Timeline
GLDSPDR GOLD TR	1,300	$316K	0.04%	-250	Timeline
ALLALLSTATE CORP	1,652	$313K	0.04%	0	Timeline
VZVERIZON COMMUNICATIONS INC	6,909	$310K	0.04%	+839	Timeline
IYWISHARES TR	2,030	$308K	0.04%	0	Timeline
EXEEXPAND ENERGY CORPORATION	3,615	$297K	0.04%	-135	Timeline
AMTMAMENTUM HOLDINGS INC	9,215	$297K	0.04%	new	Timeline
SRPTSAREPTA THERAPEUTICS INC	2,250	$281K	0.04%	0	Timeline
PMPHILIP MORRIS INTL INC	2,300	$279K	0.03%	-150	Timeline
DOVDOVER CORP	1,450	$278K	0.03%	0	Timeline
CSXCSX CORP	7,973	$275K	0.03%	0	Timeline
XLISELECT SECTOR SPDR TR	2,020	$274K	0.03%	0	Timeline
HSBCHSBC HLDGS PLC	6,006	$271K	0.03%	0	Timeline
HSYHERSHEY CO	1,401	$269K	0.03%	0	Timeline
PPGPPG INDS INC	2,000	$265K	0.03%	-100	Timeline
GXOGXO LOGISTICS INCORPORATED	5,078	$264K	0.03%	-2,484	Timeline
PEGPUBLIC SVC ENTERPRISE GROUP	2,900	$259K	0.03%	0	Timeline
XYLXYLEM INC	1,909	$258K	0.03%	0	Timeline
CRWDCROWDSTRIKE HLDGS INC	900	$252K	0.03%	new	Timeline
PCARPACCAR INC	2,528	$249K	0.03%	0	Timeline
VTVVANGUARD INDEX FDS	1,348	$235K	0.03%	0	Timeline
ONON SEMICONDUCTOR CORP	3,135	$228K	0.03%	-525	Timeline
GLWCORNING INC	5,000	$226K	0.03%	new	Timeline
PGRPROGRESSIVE CORP	887	$225K	0.03%	new	Timeline
PAYXPAYCHEX INC	1,650	$221K	0.03%	-895	Timeline
DDDUPONT DE NEMOURS INC	2,479	$221K	0.03%	new	Timeline
EOGEOG RES INC	1,775	$218K	0.03%	0	Timeline
ODFLOLD DOMINION FREIGHT LINE IN	1,065	$212K	0.03%	new	Timeline
VBKVANGUARD INDEX FDS	770	$206K	0.03%	new	Timeline
CHRWC H ROBINSON WORLDWIDE IN	1,853	$205K	0.03%	new	Timeline
ADIANALOG DEVICES INC	885	$204K	0.03%	0	Timeline
TGTTARGET CORP	1,291	$201K	0.03%	new	Timeline
EXCEXELON CORP	4,950	$201K	0.03%	new	Timeline
CCLCARNIVAL CORP	10,174	$188K	0.02%	+100	Timeline
OCGNOCUGEN INC	22,500	$22.3K	<0.01%	0	Timeline

Sold out in Q3 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
BRK-ABERKSHIRE HATHAWAY INC DEL	558	$342M	shares
LAM RESEARCH CORPLAM RESEARCH CORP	10,112	$10.8M	shares
BLACKROCK INCBLACKROCK INC	5,072	$3.99M	shares
IMCRIMMUNOCORE HLDGS PLC	7,305	$248K	shares
EWEDWARDS LIFESCIENCES CORP	2,347	$217K	shares
CAVACAVA GROUP INC	2,290	$212K	shares
RIVNRIVIAN AUTOMOTIVE INC	11,150	$150K	shares

How Q3 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001346378-24-000009	base		2024-11-13	acceptance time not in the bulk data set	2026-10-07 18:26:56 UTC