Baldwin Investment Management, LLC
CIK 1346378 · View on SEC EDGAR ↗
- Portfolio value
- $1.0B
- Positions
- 231
- As of
- June 30, 2026
#2,401 of 9,443 by 13F value · top 25.4%
Portfolio value QoQ: +20.8% 13F does not disclose cash
- Top 10 holdings weight
- 59.90%
- Top 25 holdings weight
- 72.43%
- Positions above 1%
- 12
- Effective number of positions
- 5.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.79% Est. buys $116,169,228 · sells $26,320,798
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 87.2% still held
- New positions
- 30
- Increased
- 106
- Decreased
- 61
- Closed
- 9
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
18.7%
Healthcare
6.8%
Industrials
6.4%
Financial Services
4.4%
Retail
4.3%
Financials
2.8%
Communication Services
2.8%
Energy
1.7%
Consumer Discretionary
1.5%
Materials
1.3%
Utilities
1.0%
Consumer Staples
0.6%
Real Estate
0.4%
Consumer products
0.3%
Telecommunication
0.2%
Communications
0.2%
Logistics & Transportation
0.1%
Other/Unmapped
46.3%
Full portfolio 231 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BRKA | $415,611,750 | 40.20% | 555 | $17,044,050 | |||
| LRCX Lam Research Corporation - Common Stock | $36,882,509 | 3.57% | 85,114 | $17,953,522 | Down ×4 | ||
| AAPL Apple Inc. - Common Stock | $28,877,186 | 2.79% | 99,797 | $10,967,018 | Up ×2 | ||
| AVGO Broadcom Inc. - Common Stock | $28,389,704 | 2.75% | 75,155 | $6,302,894 | Up ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $27,002,141 | 2.61% | 134,950 | $7,072,238 | Up ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $20,029,787 | 1.94% | 61,191 | $5,858,813 | Up ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $16,567,003 | 1.60% | 44,413 | $4,361,017 | Up ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $16,409,848 | 1.59% | 45,918 | $6,789,740 | Up ×1 | ||
| LLY Eli Lilly and Company Common Stock | $15,543,057 | 1.50% | 12,959 | $5,480,336 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $13,905,630 | 1.35% | 14,865 | $2,366,134 | Up ×6 | ||
| RTX RTX Corporation Common Stock | $11,766,907 | 1.14% | 62,019 | $3,177,307 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $11,162,416 | 1.08% | 46,834 | $2,432,571 | Up ×2 | ||
| BRKB | $9,904,219 | 0.96% | 19,793 | $594,321 | Up ×2 | ||
| PANW Palo Alto Networks, Inc. - Common Stock | $9,737,144 | 0.94% | 28,553 | $5,475,357 | Up ×6 | ||
| Unknown issuer (CUSIP: 30233Q108) | $9,252,852 | 0.90% | 67,677 | Up ×1 | |||
| CAT Caterpillar, Inc. Common Stock | $8,867,422 | 0.86% | 8,327 | $3,171,404 | Up ×1 | ||
| VRTX Vertex Pharmaceuticals Incorporated - Common Stock | $8,379,835 | 0.81% | 16,870 | $1,386,126 | Up ×2 | ||
| V Visa Inc. | $8,223,275 | 0.80% | 23,968 | $1,763,743 | Up ×2 | ||
| VRT Vertiv Holdings, LLC Class A Common Stock | $7,976,468 | 0.77% | 23,823 | $1,939,459 | Down ×1 | ||
| ABBV AbbVie Inc. Common Stock | $7,875,613 | 0.76% | 31,297 | $1,688,232 | Up ×1 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $7,829,760 | 0.76% | 16,395 | $2,195,458 | Down ×1 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $7,411,931 | 0.72% | 17,394 | $2,780,104 | Up ×3 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $7,087,620 | 0.69% | 7,008 | $1,795,172 | Up ×1 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $7,033,585 | 0.68% | 191,338 | $-225,565 | Down ×4 | ||
| JNJ Johnson & Johnson Common Stock | $6,988,173 | 0.68% | 27,516 | $2,673,089 | Up ×1 | ||
| BLK BlackRock, Inc. Common Stock | $6,602,859 | 0.64% | 6,867 | $2,162,880 | Up ×1 | ||
| LIN Linde plc - Ordinary Shares | $6,457,472 | 0.62% | 12,444 | $883,897 | Up ×1 | ||
| VOO | $6,357,510 | 0.61% | 9,257 | $873,774 | Up ×4 | ||
| DELL Dell Technologies Inc. Class C Common Stock | $5,712,530 | 0.55% | 13,240 | $3,672,886 | Up ×3 | ||
| NEE NextEra Energy, Inc. Common Stock | $5,481,947 | 0.53% | 62,458 | $1,988,916 | Up ×1 | ||
| ROK Rockwell Automation, Inc. Common Stock | $5,368,152 | 0.52% | 10,843 | $1,644,054 | Up ×1 | ||
| ISRG Intuitive Surgical, Inc. - Common Stock | $5,076,783 | 0.49% | 12,766 | $86,566 | Up ×4 | ||
| TMO Thermo Fisher Scientific Inc Common Stock | $5,004,694 | 0.48% | 9,982 | $1,022,211 | Up ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $4,961,107 | 0.48% | 14,041 | $672,263 | Down ×3 | ||
| TJX TJX Companies, Inc. (The) Common Stock | $4,824,518 | 0.47% | 31,845 | $1,906,639 | Up ×2 | ||
| BKR Baker Hughes Company - Common Stock | $4,810,728 | 0.47% | 86,680 | $411,350 | Up ×1 | ||
| SPGI S&P Global Inc. Common Stock | $4,651,481 | 0.45% | 11,421 | $-85,678 | Up ×6 | ||
| MA Mastercard Incorporated Common Stock | $4,571,554 | 0.44% | 8,901 | $2,453,995 | Up ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $4,334,790 | 0.42% | 12,291 | $510,457 | Up ×2 | ||
| COF Capital One Financial Corporation Common Stock | $4,203,655 | 0.41% | 20,953 | $1,306,283 | Up ×5 | ||
| MS Morgan Stanley Common Stock | $4,194,325 | 0.41% | 20,065 | $984,982 | Up ×1 | ||
| LOW Lowe's Companies, Inc. Common Stock | $3,801,235 | 0.37% | 17,240 | $1,383,666 | Up ×1 | ||
| VTI | $3,686,165 | 0.36% | 9,962 | $965,856 | Up ×6 | ||
| DRI Darden Restaurants, Inc. Common Stock | $3,480,539 | 0.34% | 16,895 | $1,133,744 | Up ×1 | ||
| UNP Union Pacific Corporation Common Stock | $3,471,536 | 0.34% | 12,763 | $371,338 | Down ×5 | ||
| ABT Abbott Laboratories Common Stock | $3,434,022 | 0.33% | 37,845 | $-654,148 | Down ×1 | ||
| SO Southern Company (The) Common Stock | $3,177,763 | 0.31% | 33,202 | $1,417,528 | Up ×4 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $3,161,689 | 0.31% | 4,143 | $2,753,711 | Up ×4 | ||
| WM Waste Management, Inc. Common Stock | $3,077,081 | 0.30% | 13,806 | $607,758 | Up ×1 | ||
| ULTA Ulta Beauty, Inc. - Common Stock | $3,017,056 | 0.29% | 6,690 | $1,245,592 | Up ×1 | ||
| MRVL Marvell Technology, Inc. - Common Stock | $3,000,050 | 0.29% | 10,071 | $1,760,934 | Down ×1 | ||
| DE Deere & Company Common Stock | $2,877,321 | 0.28% | 4,536 | $745,230 | Up ×2 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $2,836,941 | 0.27% | 1,426 | $1,074,954 | Up ×1 | ||
| PEP PepsiCo, Inc. - Common Stock | $2,738,465 | 0.26% | 20,225 | $922,504 | Up ×4 | ||
| VXUS Vanguard Total International Stock ETF | $2,681,625 | 0.26% | 31,368 | $760,586 | Up ×1 | ||
| CVX Chevron Corporation Common Stock | $2,616,356 | 0.25% | 15,784 | $847,361 | Up ×1 | ||
| SPY SPY | $2,536,889 | 0.25% | 3,397 | $685,294 | Up ×1 | ||
| FSLR First Solar, Inc. - Common Stock | $2,479,704 | 0.24% | 10,509 | $1,313,306 | Up ×1 | ||
| CB Chubb Limited Common Stock | $2,475,476 | 0.24% | 7,265 | $456,992 | Up ×1 | ||
| FCX Freeport-McMoRan, Inc. Common Stock | $2,466,043 | 0.24% | 39,212 | $366,892 | Up ×1 | ||
| IJR | $2,464,185 | 0.24% | 16,615 | $609,555 | Up ×2 | ||
| TMUS T-Mobile US, Inc. - Common Stock | $2,459,167 | 0.24% | 14,661 | $546,759 | Up ×1 | ||
| SNPS Synopsys, Inc. - Common Stock | $2,439,111 | 0.24% | 5,468 | $1,009,801 | Up ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $2,406,584 | 0.23% | 4,272 | $912,582 | Up ×3 | ||
| DDOG Datadog, Inc. - Class A Common Stock | $2,396,874 | 0.23% | 9,206 | $1,448,342 | Up ×1 | ||
| BWA BorgWarner Inc. Common Stock | $2,391,595 | 0.23% | 36,018 | $1,010,298 | Up ×2 | ||
| KO Coca-Cola Company (The) Common Stock | $2,353,173 | 0.23% | 28,955 | $1,385,817 | Up ×1 | ||
| MCD McDonald's Corporation Common Stock | $2,296,013 | 0.22% | 8,494 | $32,529 | Up ×1 | ||
| DHR Danaher Corporation Common Stock | $2,263,034 | 0.22% | 11,881 | $6,774 | Down ×5 | ||
| NFLX Netflix, Inc. - Common Stock | $2,246,815 | 0.22% | 31,468 | $1,617,032 | Up ×2 | ||
| AXP American Express Company Common Stock | $2,232,788 | 0.22% | 6,601 | $157,775 | Down ×1 | ||
| TXN Texas Instruments Incorporated - Common Stock | $2,190,516 | 0.21% | 7,349 | ||||
| IBM International Business Machines Corporation Common Stock | $2,165,036 | 0.21% | 7,699 | $410,375 | Up ×4 | ||
| DIS Walt Disney Company (The) Common Stock | $2,144,646 | 0.21% | 22,282 | $402,092 | Up ×3 | ||
| IBN ICICI Bank Limited Common Stock | $2,122,441 | 0.21% | 73,112 | $210,037 | Down ×1 | ||
| VIK Viking Holdings Ltd Ordinary Shares | $2,119,568 | 0.21% | 20,250 | $509,621 | Down ×4 | ||
| WMT Walmart Inc. - Common Stock | $1,882,494 | 0.18% | 16,621 | $442,462 | Up ×2 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $1,850,958 | 0.18% | 15,758 | $828,927 | Up ×1 | ||
| MCK McKesson Corporation Common Stock | $1,742,414 | 0.17% | 2,306 | $781,864 | Up ×1 | ||
| ACN Accenture plc Class A Ordinary Shares (Ireland) | $1,739,920 | 0.17% | 13,982 | $-150,577 | Up ×1 | ||
| AMT American Tower Corporation (REIT) Common Stock | $1,736,986 | 0.17% | 10,619 | $-70,958 | Up ×2 | ||
| Unknown issuer (CUSIP: 438516205) | $1,689,871 | 0.16% | 7,547 | Up ×1 | |||
| ORCL Oracle Corporation Common Stock | $1,688,256 | 0.16% | 11,520 | $956,384 | Up ×1 | ||
| SBUX Starbucks Corporation - Common Stock | $1,649,040 | 0.16% | 16,137 | $327,587 | Up ×2 | ||
| Unknown issuer (CUSIP: 43849R105) | $1,555,298 | 0.15% | 7,035 | Up ×1 | |||
| TSCO Tractor Supply Company - Common Stock | $1,543,042 | 0.15% | 48,815 | $-462,616 | Up ×2 | ||
| VOT | $1,531,500 | 0.15% | 5,000 | $244,750 | |||
| WELL Welltower Inc. Common Stock | $1,450,792 | 0.14% | 6,392 | $684,468 | Up ×1 | ||
| RSP | $1,423,950 | 0.14% | 6,692 | $367,426 | Up ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $1,416,314 | 0.14% | 1,227 | $1,044,352 | Up ×1 | ||
| BX Blackstone Inc. Common Stock | $1,413,099 | 0.14% | 12,009 | $32,184 | |||
| VBR | $1,388,792 | 0.13% | 5,715 | $367,198 | Up ×2 | ||
| MDLZ Mondelez International, Inc. - Class A Common Stock | $1,361,470 | 0.13% | 23,539 | $235,614 | Up ×1 | ||
| MTD Mettler-Toledo International, Inc. Common Stock | $1,337,553 | 0.13% | 1,047 | $-580 | Down ×1 | ||
| RYAAY Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares | $1,318,763 | 0.13% | 20,367 | $122,939 | Down ×1 | ||
| TT Trane Technologies plc | $1,311,397 | 0.13% | 2,670 | $198,701 | |||
| FANG Diamondback Energy, Inc. - Common Stock | $1,248,565 | 0.12% | 7,103 | $-156,337 | |||
| EW Edwards Lifesciences Corporation Common Stock | $1,242,016 | 0.12% | 13,730 | $95,270 | Down ×2 | ||
| APD Air Products and Chemicals, Inc. Common Stock | $1,181,515 | 0.11% | 4,030 | $280,125 | Up ×1 | ||
| AXTA Axalta Coating Systems Ltd. Common Shares | $1,174,499 | 0.11% | 34,322 | $-322,104 | Down ×3 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| COST | $13,905,630 | 1.35% | up ×6 |
| PANW | $9,737,144 | 0.94% | up ×6 |
| ETN | $7,411,931 | 0.72% | up ×3 |
| VOO | $6,357,510 | 0.61% | up ×4 |
| DELL | $5,712,530 | 0.55% | up ×3 |
| ISRG | $5,076,783 | 0.49% | up ×4 |
| SPGI | $4,651,481 | 0.45% | up ×6 |
| COF | $4,203,655 | 0.41% | up ×5 |
| VTI | $3,686,165 | 0.36% | up ×6 |
| SO | $3,177,763 | 0.31% | up ×4 |
| CRWD | $3,161,689 | 0.31% | up ×4 |
| PEP | $2,738,465 | 0.26% | up ×4 |
| META | $2,406,584 | 0.23% | up ×3 |
| IBM | $2,165,036 | 0.21% | up ×4 |
| DIS | $2,144,646 | 0.21% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 30233Q108) | $9,252,852 | 67,677 | 0.90% |
| TXN | $2,190,516 | 7,349 | 0.21% |
| Unknown issuer (CUSIP: 438516205) | $1,689,871 | 7,547 | 0.16% |
| Unknown issuer (CUSIP: 43849R105) | $1,555,298 | 7,035 | 0.15% |
| SYK | $934,445 | 2,968 | 0.09% |
| IVV | $784,088 | 1,047 | 0.08% |
| MDT | $690,458 | 8,826 | 0.07% |
| URI | $671,804 | 593 | 0.06% |
| Unknown issuer (CUSIP: 84615Q103) | $658,665 | 3,855 | 0.06% |
| QUAL | $637,225 | 2,904 | 0.06% |
| IEFA | $484,252 | 5,014 | 0.05% |
| MGK | $454,934 | 5,175 | 0.04% |
| IEMG | $358,200 | 4,324 | 0.03% |
| JMBS | $352,902 | 7,844 | 0.03% |
| MMM | $348,107 | 2,150 | 0.03% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| LRCX | Trimmed | -3K | +$18.0M |
| BRKA | Price move only | +0 | +$17.0M |
| AAPL | Bought more | +29K | +$11.0M |
| NVDA | Bought more | +21K | +$7.1M |
| GOOGL | Bought more | +12K | +$6.8M |
| AVGO | Bought more | +4K | +$6.3M |
| JPM | Bought more | +13K | +$5.9M |
| LLY | Bought more | +2K | +$5.5M |
| PANW | Bought more | +2K | +$5.5M |
| MSFT | Bought more | +11K | +$4.4M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| XOM | June 30, 2026 | 55,219 | $9,368,467 | 21.7% |
| FISV | Dec. 31, 2025 | 12,325 | $1,589,062 | -23.3% |
| HON | June 30, 2026 | 5,975 | $1,350,500 | -1.9% |
| ZS | June 30, 2026 | 6,887 | $966,177 | 22.5% |
| VMC | June 30, 2026 | 3,238 | $881,707 | -7.4% |
| BSY | March 31, 2025 | 16,743 | $781,920 | -8.7% |
| SKX | Sept. 30, 2025 | 11,525 | $727,228 | No longer tracked |
| S | Sept. 30, 2025 | 37,975 | $694,183 | 16.3% |
| BSX | June 30, 2026 | 11,035 | $692,446 | 15.8% |
| CCL | March 31, 2026 | 21,049 | $642,836 | -0.8% |
| SCHA | March 31, 2025 | 23,907 | $618,244 | No longer tracked |
| OTIS | June 30, 2025 | 5,917 | $610,634 | -27.4% |
| STZ | Dec. 31, 2025 | 4,102 | $552,416 | -2.6% |
| UBER | June 30, 2026 | 6,863 | $493,656 | 8.4% |
| CAVA | Sept. 30, 2025 | 5,729 | $482,554 | 20.2% |
| CBT | June 30, 2026 | 5,230 | $393,871 | -6.1% |
| J | June 30, 2025 | 3,225 | $389,870 | 13.0% |
| CMCSA | March 31, 2026 | 12,253 | $366,242 | -7.8% |
| EXP | June 30, 2026 | 1,800 | $341,010 | -8.9% |
| TXN | Dec. 31, 2025 | 1,777 | $326,488 | 52.8% |
| GEHC | June 30, 2025 | 3,623 | $292,449 | 0.0% |
| HUBS | Dec. 31, 2025 | 617 | $288,633 | -41.8% |
| SYY | March 31, 2026 | 3,475 | $256,073 | 17.9% |
| VO | March 31, 2025 | 965 | $254,934 | No longer tracked |
| PCAR | March 31, 2025 | 2,428 | $252,561 | 34.4% |
| KD | Dec. 31, 2025 | 8,380 | $251,651 | -53.3% |
| RAL | Sept. 30, 2025 | 4,742 | $251,231 | 46.0% |
| SRPT | March 31, 2025 | 2,000 | $243,180 | -69.4% |
| DDOG | March 31, 2025 | 1,700 | $242,913 | 131.7% |
| CTRA | March 31, 2025 | 9,410 | $240,338 | No longer tracked |
| WFC | Sept. 30, 2025 | 2,964 | $237,441 | 1.0% |
| QCOM | March 31, 2026 | 1,365 | $233,483 | 25.0% |
| TECK | Sept. 30, 2025 | 5,775 | $233,195 | 57.1% |
| PAYX | March 31, 2025 | 1,650 | $231,363 | -20.9% |
| VO | March 31, 2026 | 776 | $225,073 | No longer tracked |
| TOST | June 30, 2026 | 8,450 | $224,010 | 28.1% |
| EQIX | March 31, 2025 | 236 | $222,522 | 34.4% |
| VLTO | March 31, 2026 | 2,230 | $222,514 | 12.1% |
| KKR | March 31, 2025 | 1,500 | $221,865 | -6.0% |
| AMGN | June 30, 2025 | 704 | $219,331 | 56.2% |
| WYNN | March 31, 2025 | 2,505 | $215,831 | 20.0% |
| TRV | Sept. 30, 2025 | 775 | $207,344 | 31.2% |
| KLAC | Sept. 30, 2025 | 225 | $201,542 | -82.8% |
| PGR | March 31, 2026 | 881 | $200,621 | 11.0% |
| VEA | March 31, 2025 | 4,184 | $200,095 | No longer tracked |