Kimelman & Baird, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Kimelman & Baird, LLC reported 348 stock positions worth $1.2 billion. Its top holding was Copart (CPRT) at 5.9% of the portfolio, followed by Apple (AAPL, 5.6%) and JPMorgan Chase (JPM, 5.1%). Compared with Q4 2024, it opened 5 new positions, sold out of 12, added to 19 and reduced 42. The biggest buy was Waste Connections (WCN, shares +0%) and the biggest sale Digimarc (DMRC, shares −1%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001318103
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0000890163-25-000005 ↗ filed May 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.2B $1.2B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.4B Q2 2026

Holdings 348 stocks · $1.2B
CPRT Copart Inc. 5.95% 1,236,732 $70.0M Reduce -0.9%
AAPL Apple Inc. 5.61% 297,131 $66.0M Reduce -1.4%
JPM JPMorgan Chase & Co. 5.10% 244,554 $60.0M Reduce -1.8%
COST Costco Wholesale Corp. 5.06% 62,914 $59.5M Reduce -1.1%
AMZN Amazon.com Inc. 4.50% 278,586 $53.0M Reduce -0.1%
WM Waste Management Inc. 4.14% 210,242 $48.7M Reduce -1.2%
MSFT Microsoft Corp. 3.97% 124,473 $46.7M Add +0.2%
MA Mastercard Inc. Class A 3.78% 81,155 $44.5M Reduce -1.8%
BX Blackstone Inc. 3.77% 317,339 $44.4M Reduce -0.9%
HD Home Depot Inc. 3.69% 118,532 $43.4M Reduce -1.0%
GOOGL Alphabet Inc. Class A 3.65% 278,144 $43.0M Add +0.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.50% 338,010 $41.2M Reduce -0.7%
V Visa Inc. Class A 3.20% 107,560 $37.7M Reduce -1.1%
LLY Eli Lilly & Co. 3.14% 44,723 $36.9M Add +0.4%
WCN Waste Connections Inc. 3.12% 188,195 $36.7M Add +0.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.82% 795,855 $33.2M Reduce -0.9%
OC Owens Corning 2.49% 205,002 $29.3M Add +0.2%
HON Honeywell International Inc. 2.31% 128,472 $27.2M Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.20% 104,023 $25.9M Add +0.4%
UBER Uber Technologies Inc. 2.07% 335,167 $24.4M Add +0.3%
UNP Union Pacific Corp. 2.05% 102,304 $24.2M No change
DOV Dover Corp. 1.43% 96,000 $16.9M No change
LIN Linde PLC 1.35% 34,008 $15.8M Add +3.6%
UPS United Parcel Service Class B 1.32% 141,463 $15.6M Add +1.6%
OPLN Openlane Inc. 1.31% 801,437 $15.5M Add +0.7%
MRK Merck & Co. Inc. 1.24% 162,550 $14.6M No change
NSC Norfolk Southern Corp. 1.14% 56,880 $13.5M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.08% 129,318 $12.8M Add +0.1%
XOM Exxon Mobil Corp. 0.99% 97,601 $11.6M No change
NKE Nike Inc. Class B 0.99% 182,720 $11.6M Add +2.5%
MCD McDonald's Corp. 0.72% 27,320 $8.5M Reduce -2.1%
EMR Emerson Electric Co. 0.64% 68,535 $7.5M Reduce -36.3%
DMRC Digimarc Corp. 0.63% 575,242 $7.4M Reduce -1.3%
ABBV Abbvie Inc. 0.55% 31,070 $6.5M No change
CVX Chevron Corp. 0.54% 37,682 $6.3M No change
NVDA Nvidia Corp. 0.52% 56,049 $6.1M Add +5.1%
CAC Camden National Corp. 0.51% 148,997 $6.0M Reduce -0.5%
MTB M & T Bank Corp. filed as M & T BK CORP 0.45% 29,950 $5.4M No change
GOOG Alphabet Inc. Class C 0.45% 33,795 $5.3M Reduce -1.7%
NEE Nextera Energy Inc. 0.41% 68,424 $4.9M Reduce -0.0%
SHEL Shell PLC-ADR 0.41% 66,176 $4.8M No change
AMGN Amgen Inc. 0.39% 14,800 $4.6M No change
NUE Nucor Corp. 0.38% 37,550 $4.5M No change
STE Steris PLC 0.30% 15,466 $3.5M Reduce -39.8%
PG The Procter & Gamble Co. 0.28% 19,670 $3.4M No change
ABT Abbott Laboratories 0.27% 23,639 $3.1M Reduce -21.0%
MRSH Marsh & McLennan Cos 0.27% 12,795 $3.1M No change
TRV The Travelers Cos Inc. 0.19% 8,536 $2.3M New
GE General Electric filed as GE AEROSPACE 0.18% 10,324 $2.1M Reduce -0.0%
JNJ Johnson & Johnson 0.15% 10,396 $1.7M No change
MDLZ Mondelez International Inc. Class A 0.13% 23,355 $1.6M No change
GLD SPDR Gold Shares 0.13% 5,490 $1.6M No change
KIM Kimco Realty Corp. 0.13% 73,125 $1.6M No change
CSCO Cisco Systems Inc. 0.13% 24,006 $1.5M No change
PM Philip Morris International 0.13% 9,293 $1.5M No change
MTX Minerals Technologies Inc. 0.12% 22,782 $1.4M Reduce -8.1%
ECL Ecolab Inc. 0.12% 5,658 $1.4M No change
BMY Bristol-Myers Squibb Co. 0.11% 21,347 $1.3M No change
EOG EOG Resources Inc. 0.11% 10,095 $1.3M No change
SXT Sensient Technologies Corp. 0.11% 17,350 $1.3M No change
UL Unilever PLC 0.11% 21,610 $1.3M No change
CMCSA Comcast Corp. Class A 0.11% 34,778 $1.3M No change
SYY Sysco Corp. 0.11% 16,749 $1.3M No change
DD Dupont DE Nemours Inc. 0.10% 16,165 $1.2M Reduce -43.8%
PFE Pfizer Inc. 0.10% 46,691 $1.2M No change
KR Kroger Co. 0.09% 15,300 $1.0M No change
TT Trane Technologies PLC 0.07% 2,565 $864K No change
WEN The Wendy's Co. 0.07% 58,878 $861K No change
FNLC First Bancorp Inc. 0.07% 34,125 $844K No change
MMM 3M Co. 0.07% 5,400 $793K No change
GNR State Street SPDR S&P Global 0.07% 14,500 $772K No change
UTZ Utz Brands Inc. 0.07% 54,484 $767K No change
STX Seagate Technology Holdings 0.07% 9,025 $767K Reduce -24.9%
NVS Novartis AG-Sponsored ADR 0.06% 6,850 $764K No change
VST Vistra Corp. 0.06% 6,200 $728K No change
COP Conocophillips 0.06% 6,850 $719K Reduce -25.9%
GIS General Mills Inc. 0.06% 11,942 $714K No change
DOW Dow Inc. 0.06% 19,363 $676K Reduce -39.5%
GPC Genuine Parts Co. 0.06% 5,500 $655K No change
QCOM Qualcomm Inc. 0.05% 4,100 $630K No change
GEV GE Vernova Inc. 0.05% 2,053 $627K No change
KMB Kimberly-Clark Corp. 0.05% 4,350 $619K Reduce -10.3%
NWSA News Corp. Class A 0.05% 21,942 $597K No change
KO The Coca-Cola Co. 0.05% 8,170 $585K No change
META Meta Platforms Inc. Class A 0.05% 1,002 $578K No change
NI Nisource Inc. 0.05% 13,950 $559K No change
MDT Medtronic PLC 0.05% 6,201 $557K Add +3146.6%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.05% 7,114 $552K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.05% 4,500 $533K No change
PANW Palo Alto Networks Inc. 0.04% 3,000 $512K No change
KWR Quaker Chemical Corporation 0.04% 3,992 $493K No change
FUL H.B. Fuller Co. filed as FULLER H B CO 0.04% 8,650 $485K No change
HES Hess Corp. 0.04% 3,000 $479K No change
PEP Pepsico Inc. 0.04% 3,177 $476K No change
TFX Teleflex Inc. 0.04% 3,382 $467K Reduce -94.8%
SW Smurfit Westrock PLC 0.04% 10,250 $462K No change
IP International Paper Co. 0.04% 8,000 $427K No change
FMC FMC Corp. 0.04% 10,000 $422K No change
CTVA Corteva Inc. 0.04% 6,651 $419K Reduce -13.7%
WMT Walmart Inc. 0.03% 4,385 $385K Add +5.0%

Show all 348 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 81$2KNo change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q4 2024 → Q1 2025
DMRC Digimarc Corp. Reduce -1.3% 0.63% −1.11
TFX Teleflex Inc. Reduce -94.8% 0.04% −0.88
ADBE Adobe Inc. Reduce -96.8% 0.02% −0.74
BX Blackstone Inc. Reduce -0.9% 3.77% −0.62
EMR Emerson Electric Co. Reduce -36.3% 0.64% −0.42
AAPL Apple Inc. Reduce -1.4% 5.61% −0.39
AMZN Amazon.com Inc. Reduce -0.1% 4.50% −0.36
TRAVELERS COMPANIES INC Sold out 0.00% −0.16
STE Steris PLC Reduce -39.8% 0.30% −0.12
DD Dupont DE Nemours Inc. Reduce -43.8% 0.10% −0.07
GOOG Alphabet Inc. Class C Reduce -1.7% 0.45% −0.07
DOW Dow Inc. Reduce -39.5% 0.06% −0.04
UNH Unitedhealth Group Inc. Reduce -88.9% 0.01% −0.04
CI The Cigna Group Sold out 0.00% −0.04
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.03
MTX Minerals Technologies Inc. Reduce -8.1% 0.12% −0.03
BALL Ball Corp. Reduce -47.7% 0.02% −0.02
PECO Phillips Edison & Company Inc. Sold out 0.00% −0.02
STX Seagate Technology Holdings Reduce -24.9% 0.07% −0.02
SBUX Starbucks Corp. Reduce -85.2% 0.00% −0.02
HD Home Depot Inc. Reduce -1.0% 3.69% −0.01
COP Conocophillips Reduce -25.9% 0.06% −0.01
SWKS Skyworks Solutions Inc. Reduce -66.7% 0.00% −0.01
ALTM Arcadium Lithium PLC Sold out 0.00% −0.01
LITE Lumentum Holdings Inc. Reduce -1.3% 0.03% −0.01
ETN Eaton Corp. PLC Reduce -35.2% 0.01% −0.01
RTX CORPORATION Sold out 0.00% −0.00
TARGET CORP Sold out 0.00% −0.00
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.00
ABT Abbott Laboratories Reduce -21.0% 0.27% −0.00
BSV Vanguard Short-Term Bond ETF Sold out 0.00% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.0% 0.03% −0.00
AMAT Applied Materials Inc. Reduce -15.5% 0.01% −0.00
DE Deere & Co. Reduce -26.7% 0.01% −0.00
LUMN Lumen Technologies Inc. Reduce -98.8% 0.00% −0.00
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.00
IRBTQ Irobot Corp. Sold out 0.00% −0.00
SCHP Schwab U.S. Tips ETF Sold out 0.00% −0.00
NBIS Nebius Group NV Reduce -93.2% 0.00% −0.00
CTVA Corteva Inc. Reduce -13.7% 0.04% +0.00
KMB Kimberly-Clark Corp. Reduce -10.3% 0.05% +0.00
CAC Camden National Corp. Reduce -0.5% 0.51% +0.00
HON Honeywell International Inc. Reduce -0.0% 2.31% +0.00
BAC Bank of America Corp. Reduce -0.9% 2.82% +0.02
NEE Nextera Energy Inc. Reduce -0.0% 0.41% +0.02
GE General Electric Reduce -0.0% 0.18% +0.04
MCD McDonald's Corp. Reduce -2.1% 0.72% +0.08
TJX TJX Companies Inc. Reduce -0.7% 3.50% +0.23
CPRT Copart Inc. Reduce -0.9% 5.95% +0.26
MA Mastercard Inc. Class A Reduce -1.8% 3.78% +0.32

Portfolio Buys Q4 2024 → Q1 2025
WCN Waste Connections Inc. Add +0.2% 3.12% +0.56
UBER Uber Technologies Inc. Add +0.3% 2.07% +0.47
LLY Eli Lilly & Co. Add +0.4% 3.14% +0.40
IBM Intl Business Machines Corp. Add +0.4% 2.20% +0.39
LIN Linde PLC Add +3.6% 1.35% +0.25
TRV The Travelers Cos Inc. New 0.19% +0.19
OPLN Openlane Inc. Add +0.7% 1.31% +0.06
MDT Medtronic PLC Add +3146.6% 0.05% +0.05
IJH iShares Core S&P Midcap ETF New 0.01% +0.01
CME Cme Group Inc. Add +750.0% 0.01% +0.01
NOW ServiceNow Inc. Add +9000.0% 0.01% +0.01
RTX RTX Corp. New 0.01% +0.01
TGT Target Corp. New 0.00% +0.00
WMT Walmart Inc. Add +5.0% 0.03% +0.00
MRVL Marvell Technology Inc. Add +1733.3% 0.00% +0.00
TTD Trade Desk Inc./the Class A New 0.00% +0.00
ITUB Itau Unibanco H-Spon PRF ADR Add +9.8% 0.00% 0.00
NVDA Nvidia Corp. Add +5.1% 0.52% −0.05
DIS The Walt Disney Co. Add +0.1% 1.08% −0.06
UPS United Parcel Service Class B Add +1.6% 1.32% −0.07
NKE Nike Inc. Class B Add +2.5% 0.99% −0.09
MSFT Microsoft Corp. Add +0.2% 3.97% −0.19
OC Owens Corning Add +0.2% 2.49% −0.28
GOOGL Alphabet Inc. Class A Add +0.1% 3.65% −0.53

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 258$1.4BAAPL, MRVL, JPM, AMZN, COST
Q1 2026 258$1.2BAAPL, COST, JPM, AMZN, TJX
Q4 2025 259$1.3BAAPL, JPM, AMZN, MSFT, COST
Q3 2025 304$1.3BJPM, AAPL, MSFT, AMZN, COST
Q2 2025 339$1.2BJPM, COST, MSFT, AMZN, AAPL
Q1 2025 348$1.2BCPRT, AAPL, JPM, COST, AMZN
Q4 2024 354$1.3BAAPL, CPRT, AMZN, JPM, COST
Q3 2024 362$1.3BAAPL, CPRT, COST, JPM, MSFT
Q2 2024 372$1.2BCPRT, AAPL, MSFT, COST, AMZN