Baldwin Investment Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Baldwin Investment Management, LLC reported 231 stock positions worth $1.0 billion. Its top holding was Berkshire Hathaway Class A (BRK.A) at 40.2% of the portfolio, followed by Lam Research (LRCX, 3.6%) and Apple (AAPL, 2.8%). Compared with Q1 2026, it opened 27 new positions, sold out of 7, added to 109 and reduced 61. The biggest buy was Apple (AAPL, shares +41%) and the biggest sale Autodesk (ADSK, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001346378
- Portfolio Value
- $1.0B (Q2 2026)
- SEC Filing
- 0001346378-26-000003 ↗ filed Jul 28, 2026
Holdings Value
Holdings 231 stocks · $1.0B
| BRK.A Berkshire Hathaway Inc. Class A | 40.20% | 555 | $415.6M | No change |
| LRCX Lam Research Corp. | 3.57% | 85,114 | $36.9M | Reduce -3.9% |
| AAPL Apple Inc. | 2.79% | 99,797 | $28.9M | Add +41.4% |
| AVGO Broadcom Inc. | 2.75% | 75,155 | $28.4M | Add +5.3% |
| NVDA Nvidia Corp. | 2.61% | 134,950 | $27.0M | Add +18.1% |
| JPM JPMorgan Chase & Co. | 1.94% | 61,191 | $20.0M | Add +27.0% |
| MSFT Microsoft Corp. | 1.60% | 44,413 | $16.6M | Add +34.7% |
| GOOGL Alphabet Inc. Class A | 1.59% | 45,918 | $16.4M | Add +37.3% |
| LLY Eli Lilly & Co. | 1.50% | 12,959 | $15.5M | Add +18.5% |
| COST Costco Wholesale Corp. | 1.35% | 14,865 | $13.9M | Add +28.4% |
| RTX RTX Corp. | 1.14% | 62,019 | $11.8M | Add +39.3% |
| AMZN Amazon.com Inc. | 1.08% | 46,834 | $11.2M | Add +11.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 19,793 | $9.9M | Add +1.9% |
| PANW Palo Alto Networks Inc. | 0.94% | 28,553 | $9.7M | Add +7.4% |
| XOM Exxonmobil Holdings Corp. | 0.90% | 67,677 | $9.3M | Add +22.6% |
| CAT Caterpillar Inc. | 0.86% | 8,327 | $8.9M | Add +3.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.81% | 16,870 | $8.4M | Add +7.7% |
| V Visa Inc. Class A | 0.80% | 23,968 | $8.2M | Add +12.2% |
| VRT Vertiv Holdings Co. Class A | 0.77% | 23,823 | $8.0M | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.76% | 31,297 | $7.9M | Add +10.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.76% | 16,395 | $7.8M | Reduce -1.7% |
| ETN Eaton Corp. PLC | 0.72% | 17,394 | $7.4M | Add +34.3% |
| GS Goldman Sachs Group Inc. | 0.69% | 7,008 | $7.1M | Add +12.0% |
| EPD Enterprise Products Partners | 0.68% | 191,338 | $7.0M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.68% | 27,516 | $7.0M | Add +55.9% |
| BLK BlackRock Inc. | 0.64% | 6,867 | $6.6M | Add +48.7% |
| LIN Linde PLC | 0.62% | 12,444 | $6.5M | Add +10.7% |
| VOO Vanguard S&P 500 ETF | 0.61% | 9,257 | $6.4M | Add +0.9% |
| DELL Dell Technologies -C | 0.55% | 13,240 | $5.7M | Add +6.5% |
| NEE Nextera Energy Inc. | 0.53% | 62,458 | $5.5M | Add +66.1% |
| ROK Rockwell Automation Inc. | 0.52% | 10,843 | $5.4M | Add +4.5% |
| ISRG Intuitive Surgical Inc. | 0.49% | 12,766 | $5.1M | Add +17.9% |
| TMO Thermo Fisher Scientific Inc. | 0.48% | 9,982 | $5.0M | Add +23.2% |
| GOOG Alphabet Inc. Class C | 0.48% | 14,041 | $5.0M | Reduce -6.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.47% | 31,845 | $4.8M | Add +74.3% |
| BKR Baker Hughes Co. | 0.47% | 86,680 | $4.8M | Add +20.3% |
| SPGI S&P Global Inc. | 0.45% | 11,421 | $4.7M | Add +2.5% |
| MA Mastercard Inc. Class A | 0.44% | 8,901 | $4.6M | Add +110.0% |
| HD Home Depot Inc. | 0.42% | 12,291 | $4.3M | Add +5.7% |
| COF Capital One Financial Corp. | 0.41% | 20,953 | $4.2M | Add +31.9% |
| MS Morgan Stanley | 0.41% | 20,065 | $4.2M | Add +2.9% |
| LOW Lowe's Cos Inc. | 0.37% | 17,240 | $3.8M | Add +68.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 9,962 | $3.7M | Add +17.5% |
| DRI Darden Restaurants Inc. | 0.34% | 16,895 | $3.5M | Add +41.1% |
| UNP Union Pacific Corp. | 0.34% | 12,763 | $3.5M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.33% | 37,845 | $3.4M | Reduce -5.0% |
| SO The Southern Co. | 0.31% | 33,202 | $3.2M | Add +82.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 4,143 | $3.2M | Add +296.5% |
| WM Waste Management Inc. | 0.30% | 13,806 | $3.1M | Add +28.5% |
| ULTA Ulta Beauty Inc. | 0.29% | 6,690 | $3.0M | Add +97.4% |
| MRVL Marvell Technology Inc. | 0.29% | 10,071 | $3.0M | Reduce -19.5% |
| DE Deere & Co. | 0.28% | 4,536 | $2.9M | Add +19.8% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.27% | 1,426 | $2.8M | Add +6.9% |
| PEP Pepsico Inc. | 0.26% | 20,225 | $2.7M | Add +73.0% |
| VXUS Vanguard Total Intl Stock | 0.26% | 31,368 | $2.7M | Add +25.9% |
| CVX Chevron Corp. | 0.25% | 15,784 | $2.6M | Add +84.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 3,397 | $2.5M | Add +19.3% |
| FSLR First Solar Inc. | 0.24% | 10,509 | $2.5M | Add +77.7% |
| CB Chubb Ltd. | 0.24% | 7,265 | $2.5M | Add +17.3% |
| FCX Freeport-McMoran Inc. | 0.24% | 39,212 | $2.5M | Add +9.8% |
| IJR iShares Core S&P Small-Cap E | 0.24% | 16,615 | $2.5M | Add +11.4% |
| TMUS T-Mobile US Inc. | 0.24% | 14,661 | $2.5M | Add +61.0% |
| SNPS Synopsys Inc. | 0.24% | 5,468 | $2.4M | Add +51.7% |
| META Meta Platforms Inc. Class A | 0.23% | 4,272 | $2.4M | Add +63.6% |
| DDOG Datadog Inc. Class A | 0.23% | 9,206 | $2.4M | Add +14.6% |
| BWA Borgwarner Inc. | 0.23% | 36,018 | $2.4M | Add +41.5% |
| KO The Coca-Cola Co. | 0.23% | 28,955 | $2.4M | Add +127.6% |
| MCD McDonald's Corp. | 0.22% | 8,494 | $2.3M | Add +16.6% |
| DHR Danaher Corp. | 0.22% | 11,881 | $2.3M | Reduce -0.2% |
| NFLX Netflix Inc. | 0.22% | 31,468 | $2.2M | Add +380.4% |
| AXP American Express Co. | 0.22% | 6,601 | $2.2M | Reduce -3.8% |
| TXN Texas Instruments Inc. | 0.21% | 7,349 | $2.2M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 7,699 | $2.2M | Add +6.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 22,282 | $2.1M | Add +23.2% |
| IBN Icici Bank Ltd.-Spon ADR | 0.21% | 73,112 | $2.1M | Reduce -1.0% |
| VIK Viking Holdings Ltd. | 0.20% | 20,250 | $2.1M | Reduce -7.6% |
| WMT Walmart Inc. | 0.18% | 16,621 | $1.9M | Add +43.5% |
| CSCO Cisco Systems Inc. | 0.18% | 15,758 | $1.9M | Add +19.6% |
| MCK McKesson Corp. | 0.17% | 2,306 | $1.7M | Add +107.8% |
| ACN Accenture PLC Class A | 0.17% | 13,982 | $1.7M | Add +46.6% |
| AMT American Tower Corp. | 0.17% | 10,619 | $1.7M | Add +1.4% |
| HON Honeywell International Inc. | 0.16% | 7,547 | $1.7M | Add +152.6% |
| ORCL Oracle Corp. | 0.16% | 11,520 | $1.7M | Add +131.6% |
| SBUX Starbucks Corp. | 0.16% | 16,137 | $1.6M | Add +9.4% |
| HONA Honeywell Aerospace Inc. | 0.15% | 7,035 | $1.6M | Add +135.5% |
| TSCO Tractor Supply Company | 0.15% | 48,815 | $1.5M | Add +10.3% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.15% | 5,000 | $1.5M | No change |
| WELL Welltower Inc. | 0.14% | 6,392 | $1.5M | Add +64.9% |
| RSP Invesco S&P 500 Equal Weight | 0.14% | 6,692 | $1.4M | Add +21.6% |
| MU Micron Technology Inc. | 0.14% | 1,227 | $1.4M | Add +11.4% |
| BX Blackstone Inc. | 0.14% | 12,009 | $1.4M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.13% | 5,715 | $1.4M | Add +21.5% |
| MDLZ Mondelez International Inc. Class A | 0.13% | 23,539 | $1.4M | Add +20.5% |
| MTD Mettler-Toledo International | 0.13% | 1,047 | $1.3M | Reduce -1.3% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.13% | 20,367 | $1.3M | Reduce -1.6% |
| TT Trane Technologies PLC | 0.13% | 2,670 | $1.3M | No change |
| FANG Diamondback Energy Inc. | 0.12% | 7,103 | $1.2M | No change |
| EW Edwards Lifesciences Corp. | 0.12% | 13,730 | $1.2M | Reduce -4.1% |
| APD Air Products & Chemicals Inc. | 0.11% | 4,030 | $1.2M | Add +29.9% |
| AXTA Axalta Coating Systems Ltd. | 0.11% | 34,322 | $1.2M | Reduce -36.5% |
Portfolio Sells Q1 2026 → Q2 2026
| ADSK Autodesk Inc. | Reduce -73.0% | 0.05% | −0.24 |
| ZTS Zoetis Inc. | Reduce -28.0% | 0.11% | −0.19 |
| EPD Enterprise Products Partners | Reduce -0.3% | 0.68% | −0.17 |
| ABT Abbott Laboratories | Reduce -5.0% | 0.33% | −0.15 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.11 |
| ICE Intercontinental Exchange Inc. | Reduce -48.9% | 0.05% | −0.11 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −0.10 |
| NKE Nike Inc. Class B | Reduce -62.6% | 0.03% | −0.10 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.08 |
| CTVA Corteva Inc. | Reduce -31.4% | 0.09% | −0.07 |
| AXTA Axalta Coating Systems Ltd. | Reduce -36.5% | 0.11% | −0.06 |
| BAC Bank of America Corp. | Reduce -54.1% | 0.05% | −0.06 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.06 |
| ADBE Adobe Inc. | Reduce -21.6% | 0.06% | −0.05 |
| LMT Lockheed Martin Corp. | Reduce -34.7% | 0.04% | −0.05 |
| LHX L3HARRIS Technologies Inc. | Reduce -2.0% | 0.11% | −0.05 |
| CBT Cabot Corp. | Sold out | 0.00% | −0.05 |
| DHR Danaher Corp. | Reduce -0.2% | 0.22% | −0.04 |
| GXO Gxo Logistics Inc. | Reduce -37.8% | 0.04% | −0.04 |
| INFY Infosys Ltd.-SP ADR | Reduce -1.3% | 0.07% | −0.04 |
| EXE Expand Energy Corp. | Reduce -5.7% | 0.08% | −0.04 |
| EXP Eagle Materials Inc. | Sold out | 0.00% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Reduce -43.0% | 0.02% | −0.04 |
| BROS Dutch Bros Inc. Class A | Reduce -40.8% | 0.08% | −0.03 |
| COR Cencora Inc. | Reduce -0.2% | 0.09% | −0.03 |
| PNC PNC Financial Services Group | Reduce -40.8% | 0.04% | −0.03 |
| MTD Mettler-Toledo International | Reduce -1.3% | 0.13% | −0.03 |
| KMB Kimberly-Clark Corp. | Reduce -22.1% | 0.07% | −0.03 |
| AXP American Express Co. | Reduce -3.8% | 0.22% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.1% | 0.34% | −0.03 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.03 |
| AMRZ Amrize Ltd. | Reduce -24.9% | 0.04% | −0.02 |
| DUK Duke Energy Corp. | Reduce -1.4% | 0.09% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -18.4% | 0.06% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -6.1% | 0.48% | −0.02 |
| ARCC Ares Capital Corp. | Reduce -1.3% | 0.11% | −0.02 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -3.7% | 0.04% | −0.02 |
| PLD Prologis Inc. | Reduce -0.1% | 0.10% | −0.02 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -1.0% | 0.21% | −0.02 |
| SRAD Sportradar Group AG-A | Reduce -2.0% | 0.05% | −0.02 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -2.5% | 0.06% | −0.02 |
| ADI Analog Devices Inc. | Reduce -16.6% | 0.10% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -7.9% | 0.03% | −0.01 |
| EW Edwards Lifesciences Corp. | Reduce -4.1% | 0.12% | −0.01 |
| GLD SPDR Gold Shares | Reduce -10.5% | 0.02% | −0.01 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -1.6% | 0.13% | −0.01 |
| CHKP Check Point Software Tech | Reduce -5.8% | 0.03% | −0.01 |
| BEP Brookfield Renewable Partner | Reduce -2.4% | 0.07% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -12.7% | 0.04% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -16.0% | 0.03% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| AAPL Apple Inc. | Add +41.4% | 2.79% | +0.70 |
| GOOGL Alphabet Inc. Class A | Add +37.3% | 1.59% | +0.46 |
| PANW Palo Alto Networks Inc. | Add +7.4% | 0.94% | +0.44 |
| LLY Eli Lilly & Co. | Add +18.5% | 1.50% | +0.33 |
| DELL Dell Technologies -C | Add +6.5% | 0.55% | +0.31 |
| NVDA Nvidia Corp. | Add +18.1% | 2.61% | +0.28 |
| JPM JPMorgan Chase & Co. | Add +27.0% | 1.94% | +0.28 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +296.5% | 0.31% | +0.26 |
| TXN Texas Instruments Inc. | New | 0.21% | +0.21 |
| MA Mastercard Inc. Class A | Add +110.0% | 0.44% | +0.19 |
| CAT Caterpillar Inc. | Add +3.6% | 0.86% | +0.19 |
| MSFT Microsoft Corp. | Add +34.7% | 1.60% | +0.18 |
| ETN Eaton Corp. PLC | Add +34.3% | 0.72% | +0.18 |
| JNJ Johnson & Johnson | Add +55.9% | 0.68% | +0.17 |
| AVGO Broadcom Inc. | Add +5.3% | 2.75% | +0.17 |
| NFLX Netflix Inc. | Add +380.4% | 0.22% | +0.14 |
| RTX RTX Corp. | Add +39.3% | 1.14% | +0.13 |
| TJX TJX Companies Inc. | Add +74.3% | 0.47% | +0.13 |
| NEE Nextera Energy Inc. | Add +66.1% | 0.53% | +0.12 |
| DDOG Datadog Inc. Class A | Add +14.6% | 0.23% | +0.12 |
| BLK BlackRock Inc. | Add +48.7% | 0.64% | +0.12 |
| KO The Coca-Cola Co. | Add +127.6% | 0.23% | +0.11 |
| FSLR First Solar Inc. | Add +77.7% | 0.24% | +0.10 |
| SO The Southern Co. | Add +82.1% | 0.31% | +0.10 |
| MU Micron Technology Inc. | Add +11.4% | 0.14% | +0.09 |
| SYK Stryker Corp. | New | 0.09% | +0.09 |
| LOW Lowe's Cos Inc. | Add +68.5% | 0.37% | +0.09 |
| ULTA Ulta Beauty Inc. | Add +97.4% | 0.29% | +0.08 |
| ROK Rockwell Automation Inc. | Add +4.5% | 0.52% | +0.08 |
| ORCL Oracle Corp. | Add +131.6% | 0.16% | +0.08 |
| AON Aon PLC Class A | Add +282.8% | 0.11% | +0.08 |
| IVV iShares Core S&P 500 ETF | New | 0.08% | +0.08 |
| HONA Honeywell Aerospace Inc. | Add +135.5% | 0.15% | +0.07 |
| BWA Borgwarner Inc. | Add +41.5% | 0.23% | +0.07 |
| SNPS Synopsys Inc. | Add +51.7% | 0.24% | +0.07 |
| ASML ASML Holding NV-NY Reg SHS | Add +6.9% | 0.27% | +0.07 |
| COF Capital One Financial Corp. | Add +31.9% | 0.41% | +0.07 |
| GS Goldman Sachs Group Inc. | Add +12.0% | 0.69% | +0.07 |
| MDT Medtronic PLC | New | 0.07% | +0.07 |
| URI United Rentals Inc. | New | 0.07% | +0.07 |
| SPCX Space Exploration Techn Class A | New | 0.06% | +0.06 |
| DRI Darden Restaurants Inc. | Add +41.1% | 0.34% | +0.06 |
| QUAL iShares MSCI USA Quality Fac | New | 0.06% | +0.06 |
| CSCO Cisco Systems Inc. | Add +19.6% | 0.18% | +0.06 |
| AMZN Amazon.com Inc. | Add +11.7% | 1.08% | +0.06 |
| META Meta Platforms Inc. Class A | Add +63.6% | 0.23% | +0.06 |
| GEV GE Vernova Inc. | Add +108.1% | 0.10% | +0.06 |
| MCK McKesson Corp. | Add +107.8% | 0.17% | +0.06 |
| PEP Pepsico Inc. | Add +73.0% | 0.26% | +0.05 |
| WELL Welltower Inc. | Add +64.9% | 0.14% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 231 | $1.0B | BRK.A, LRCX, AAPL, AVGO, NVDA |
| Q1 2026 | 210 | $855.7M | BRK.A, AVGO, NVDA, LRCX, AAPL |
| Q4 2025 | 207 | $885.8M | BRK.A, AVGO, NVDA, AAPL, LRCX |
| Q3 2025 | 207 | $873.4M | BRK.A, AVGO, NVDA, AAPL, MSFT |
| Q2 2025 | 209 | $828.4M | BRK.A, AVGO, NVDA, MSFT, AAPL |
| Q1 2025 | 200 | $831.9M | BRK.A, AAPL, NVDA, AVGO, MSFT |
| Q4 2024 | 199 | $767.9M | BRK.A, AVGO, AAPL, NVDA, MSFT |
| Q3 2024 | 213 | $797.9M | BRK.A, MSFT, AAPL, NVDA, AVGO |
| Q2 2024 | 205 | $730.2M | BRK.A, MSFT, AAPL, NVDA, AVGO |
| Q1 2024 | 209 | $737.3M | BRK.A, MSFT, AAPL, AVGO, JPM |