Kimelman & Baird, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Kimelman & Baird, LLC reported 259 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by JPMorgan Chase (JPM, 5.7%) and Amazon.com (AMZN, 4.9%). Compared with Q3 2025, it opened 1 new position, sold out of 47, added to 21 and reduced 70. The biggest buy was Boeing (BA, shares +35117%) and the biggest sale Home Depot (HD, shares −0%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001318103
Portfolio Value
$1.3B (Q4 2025)
SEC Filing
0000890163-26-000003 ↗ filed Feb 6, 2026

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 Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B $1.3B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.4B Q2 2026

Holdings 259 stocks · $1.3B
AAPL Apple Inc. 5.94% 284,277 $77.3M Reduce -1.3%
JPM JPMorgan Chase & Co. 5.73% 231,570 $74.6M Reduce -1.6%
AMZN Amazon.com Inc. 4.88% 275,416 $63.6M Reduce -0.7%
MSFT Microsoft Corp. 4.50% 121,094 $58.6M Reduce -0.9%
COST Costco Wholesale Corp. 4.18% 63,089 $54.4M Add +0.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.92% 332,104 $51.0M Reduce -1.8%
GOOGL Alphabet Inc. Class A 3.85% 160,123 $50.1M Reduce -3.6%
CPRT Copart Inc. 3.72% 1,236,433 $48.4M Add +0.2%
BX Blackstone Inc. 3.72% 313,775 $48.4M Reduce -1.0%
WM Waste Management Inc. 3.56% 211,173 $46.4M Add +0.0%
LLY Eli Lilly & Co. 3.46% 41,878 $45.0M Reduce -4.2%
MA Mastercard Inc. Class A 3.45% 78,569 $44.9M Reduce -2.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.36% 793,994 $43.7M Reduce -0.6%
HD Home Depot Inc. 3.12% 118,052 $40.6M Reduce -0.3%
V Visa Inc. Class A 2.86% 106,186 $37.2M Reduce -1.9%
WCN Waste Connections Inc. 2.55% 189,399 $33.2M Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.39% 104,919 $31.1M Add +0.2%
UBER Uber Technologies Inc. 2.13% 338,678 $27.7M Add +0.2%
BA The Boeing Co. 1.96% 117,271 $25.5M Add +35116.5%
HON Honeywell International Inc. 1.95% 129,863 $25.3M Add +0.1%
OPLN Openlane Inc. 1.85% 809,840 $24.1M Add +0.1%
UNP Union Pacific Corp. 1.82% 102,304 $23.7M No change
OC Owens Corning 1.70% 197,136 $22.1M Reduce -4.5%
MRVL Marvell Technology Inc. 1.61% 247,062 $21.0M Add +0.2%
DOV Dover Corp. 1.44% 96,000 $18.7M No change
MRK Merck & Co. Inc. 1.30% 160,179 $16.9M Reduce -1.4%
NSC Norfolk Southern Corp. 1.26% 56,880 $16.4M No change
MDT Medtronic PLC 1.25% 169,390 $16.3M Add +0.3%
LIN Linde PLC 1.16% 35,495 $15.1M Add +0.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.15% 131,945 $15.0M Add +0.1%
NVDA Nvidia Corp. 0.97% 67,759 $12.6M Add +14.1%
NKE Nike Inc. Class B 0.91% 184,937 $11.8M Add +1.0%
XOM Exxon Mobil Corp. 0.90% 97,180 $11.7M Reduce -0.0%
EMR Emerson Electric Co. 0.70% 68,585 $9.1M No change
MCD McDonald's Corp. 0.64% 27,320 $8.3M No change
ABBV Abbvie Inc. 0.54% 30,656 $7.0M Reduce -1.3%
GOOG Alphabet Inc. Class C 0.50% 20,904 $6.6M Reduce -0.1%
CVX Chevron Corp. 0.48% 40,653 $6.2M No change
NUE Nucor Corp. 0.47% 37,465 $6.1M Reduce -0.2%
CAC Camden National Corp. 0.46% 139,359 $6.0M Reduce -4.7%
MTB M & T Bank Corp. filed as M & T BK CORP 0.46% 29,950 $6.0M No change
NEE Nextera Energy Inc. 0.42% 68,424 $5.5M No change
SHEL Shell PLC-ADR 0.37% 66,176 $4.9M No change
AMGN Amgen Inc. 0.36% 14,240 $4.7M No change
DMRC Digimarc Corp. 0.34% 680,817 $4.5M Add +7.2%
STE Steris PLC 0.29% 14,658 $3.7M Reduce -2.7%
GE General Electric filed as GE AEROSPACE 0.24% 10,299 $3.2M No change
ABT Abbott Laboratories 0.23% 23,506 $2.9M Reduce -0.6%
PG The Procter & Gamble Co. 0.22% 19,660 $2.8M Reduce -0.1%
STX Seagate Technology Holdings 0.19% 9,025 $2.5M No change
TRV Travelers Companies Inc. 0.19% 8,514 $2.5M No change
MRSH Marsh & McLennan Cos 0.18% 12,630 $2.3M Reduce -1.3%
AXP American Express Co. 0.17% 6,087 $2.3M Add +387.0%
JNJ Johnson & Johnson 0.17% 10,396 $2.2M No change
GLD SPDR Gold Shares 0.16% 5,390 $2.1M Reduce -1.8%
SXT Sensient Technologies Corp. 0.12% 16,650 $1.6M No change
CSCO Cisco Systems Inc. 0.12% 19,911 $1.5M Reduce -12.9%
ECL Ecolab Inc. 0.11% 5,658 $1.5M No change
SOLS Solstice Adv Materials Inc. 0.11% 28,495 $1.4M Reduce -12.2%
KIM Kimco Realty Corp. 0.11% 68,125 $1.4M No change
MTX Minerals Technologies Inc. 0.10% 21,532 $1.3M No change
UL Unilever PLC-Sponsored ADR 0.09% 18,796 $1.2M Reduce -2.1%
SYY Sysco Corp. 0.09% 16,599 $1.2M No change
MDLZ Mondelez International Inc. Class A 0.09% 22,607 $1.2M Reduce -3.2%
PM Philip Morris International 0.09% 7,297 $1.2M Reduce -21.5%
PFE Pfizer Inc. 0.09% 44,891 $1.1M Reduce -0.6%
CMCSA Comcast Corp. Class A 0.08% 34,778 $1.0M No change
EOG EOG Resources Inc. 0.08% 9,695 $1.0M No change
VST Vistra Corp. 0.08% 6,200 $1.0M No change
KR Kroger Co. 0.07% 15,300 $956K No change
NVS Novartis AG-Sponsored ADR 0.07% 6,850 $944K No change
LITE Lumentum Holdings Inc. 0.07% 2,474 $912K Reduce -37.8%
FNLC First Bancorp Inc. 0.07% 34,125 $902K No change
GNR State Street SPDR S&P Global 0.07% 14,500 $901K No change
GEV GE Vernova Inc. 0.07% 1,378 $901K Reduce -32.6%
TT Trane Technologies PLC 0.07% 2,190 $852K No change
BMY Bristol-Myers Squibb Co. 0.06% 15,525 $837K Reduce -24.6%
MMM 3M Co. 0.06% 4,800 $768K Reduce -11.1%
QCOM Qualcomm Inc. 0.05% 4,100 $701K No change
META Meta Platforms Inc. Class A 0.05% 1,027 $678K No change
GPC Genuine Parts Co. 0.05% 5,500 $676K No change
COP Conocophillips 0.05% 6,850 $641K No change
NI Nisource Inc. 0.04% 13,950 $583K No change
UTZ Utz Brands Inc. 0.04% 54,484 $566K No change
GIS General Mills Inc. 0.04% 11,942 $555K No change
PANW Palo Alto Networks Inc. 0.04% 3,000 $553K No change
NWSA News Corp. Class A 0.04% 20,812 $544K No change
KO The Coca-Cola Co. 0.04% 7,400 $517K Reduce -9.4%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.04% 8,400 $499K Reduce -2.9%
WEN The Wendy's Co. 0.04% 57,355 $478K Reduce -2.3%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.03% 6,714 $452K Reduce -2.9%
CTVA Corteva Inc. 0.03% 6,651 $446K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.03% 4,500 $440K No change
KMB Kimberly-Clark Corp. 0.03% 4,350 $439K No change
VOO Vanguard S&P 500 ETF 0.03% 679 $426K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 557 $380K No change
Q Qnity Electronics Inc. 0.03% 4,634 $378K Reduce -27.7%
DD Dupont DE Nemours Inc. 0.03% 9,272 $373K Reduce -27.7%
DOW Dow Inc. 0.03% 14,095 $330K Reduce -27.2%
PEP Pepsico Inc. 0.02% 2,248 $323K Reduce -19.8%

Show all 259 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $52K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 25$30KNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 300$21KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 56$1KNo change
Lines left out (1) · $30 — a value with no share or principal amount
SecurityClassSharesValue
IJK iShares S&P Mid-Cap 400 Grow S&P MC 400GR ETF0$30

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q3 2025 → Q4 2025
HD Home Depot Inc. Reduce -0.3% 3.12% −0.62
OC Owens Corning Reduce -4.5% 1.70% −0.58
BX Blackstone Inc. Reduce -1.0% 3.72% −0.51
MSFT Microsoft Corp. Reduce -0.9% 4.50% −0.45
MA Mastercard Inc. Class A Reduce -2.7% 3.45% −0.14
JPM JPMorgan Chase & Co. Reduce -1.6% 5.73% −0.07
DD Dupont DE Nemours Inc. Reduce -27.7% 0.03% −0.05
WSM Williams-Sonoma Inc. Sold out 0.00% −0.03
GEV GE Vernova Inc. Reduce -32.6% 0.07% −0.03
IP International Paper Co. Sold out 0.00% −0.03
PM Philip Morris International Reduce -21.5% 0.09% −0.03
V Visa Inc. Class A Reduce -1.9% 2.86% −0.02
ABBV Abbvie Inc. Reduce -1.3% 0.54% −0.02
WMT Walmart Inc. Reduce -69.9% 0.01% −0.02
MRSH Marsh & McLennan Cos Reduce -1.3% 0.18% −0.02
ABT Abbott Laboratories Reduce -0.6% 0.23% −0.02
MDLZ Mondelez International Inc. Class A Reduce -3.2% 0.09% −0.02
PG The Procter & Gamble Co. Reduce -0.1% 0.22% −0.02
SOLS Solstice Adv Materials Inc. Reduce -12.2% 0.11% −0.02
MO Altria Group Inc. Sold out 0.00% −0.01
XMVFX BlackRock Munivest Fund Sold out 0.00% −0.01
Q Qnity Electronics Inc. Reduce -27.7% 0.03% −0.01
XMVTX BlackRock Munivest Fund II Sold out 0.00% −0.01
SW Smurfit Westrock PLC Reduce -19.5% 0.02% −0.01
DOW Dow Inc. Reduce -27.2% 0.03% −0.01
BMY Bristol-Myers Squibb Co. Reduce -24.6% 0.06% −0.01
NFLX Netflix Inc. Reduce -2.9% 0.02% −0.01
SYK Stryker Corp. Sold out 0.00% −0.01
AMAT Applied Materials Inc. Sold out 0.00% −0.01
NOW ServiceNow Inc. Reduce -98.9% 0.00% −0.01
MMM 3M Co. Reduce -11.1% 0.06% −0.01
RTX RTX Corp. Sold out 0.00% −0.01
GEHC GE Healthcare Technology Reduce -99.6% 0.00% −0.01
PEP Pepsico Inc. Reduce -19.8% 0.02% −0.01
UL Unilever PLC-Sponsored ADR Reduce -2.1% 0.09% −0.01
TD Toronto-Dominion Bank Sold out 0.00% −0.01
STE Steris PLC Reduce -2.7% 0.29% −0.01
WEN The Wendy's Co. Reduce -2.3% 0.04% −0.01
PML PIMCO Municipal Income FD II Sold out 0.00% −0.01
CSCO Cisco Systems Inc. Reduce -12.9% 0.12% −0.00
SLB SLB Ltd. Reduce -94.1% 0.00% −0.00
UPS United Parcel Service Class B Reduce -86.3% 0.00% −0.00
PFE Pfizer Inc. Reduce -0.6% 0.09% −0.00
TFX Teleflex Inc. Reduce -21.6% 0.01% −0.00
EVRG Evergy Inc. Reduce -7.4% 0.02% −0.00
KHC The Kraft Heinz Co. Reduce -96.8% 0.00% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -31.2% 0.01% −0.00
KO The Coca-Cola Co. Reduce -9.4% 0.04% −0.00
SLVM Sylvamo Corp. Sold out 0.00% −0.00
ADM Archer-Daniels-Midland Co. Reduce -8.8% 0.01% −0.00

Portfolio Buys Q3 2025 → Q4 2025
BA The Boeing Co. Add +35116.5% 1.96% +1.95
AXP American Express Co. Add +387.0% 0.17% +0.14
NVDA Nvidia Corp. Add +14.1% 0.97% +0.11
IBM Intl Business Machines Corp. Add +0.2% 2.39% +0.08
OPLN Openlane Inc. Add +0.1% 1.85% +0.04
REGN Regeneron Pharmaceuticals Add +481.5% 0.02% +0.02
RTX CORPORATION New 0.01% +0.01
PLTR Palantir Technologies Inc. Class A Add +106.7% 0.01% +0.00
MAR Marriott International Class A Add +10.8% 0.00% +0.00
ITUB Itau Unibanco H-Spon PRF ADR Add +2.7% 0.00% 0.00
MRVL Marvell Technology Inc. Add +0.2% 1.61% −0.01
MDT Medtronic PLC Add +0.3% 1.25% −0.01
DIS The Walt Disney Co. Add +0.1% 1.15% −0.03
WCN Waste Connections Inc. Add +0.1% 2.55% −0.05
WM Waste Management Inc. Add +0.0% 3.56% −0.08
NKE Nike Inc. Class B Add +1.0% 0.91% −0.09
DMRC Digimarc Corp. Add +7.2% 0.34% −0.14
LIN Linde PLC Add +0.2% 1.16% −0.15
HON Honeywell International Inc. Add +0.1% 1.95% −0.19
COST Costco Wholesale Corp. Add +0.0% 4.18% −0.38
UBER Uber Technologies Inc. Add +0.2% 2.13% −0.46
CPRT Copart Inc. Add +0.2% 3.72% −0.61

Notes & Other Activity Q3 2025 → Q4 2025
IJK iShares S&P Mid-Cap 400 Grow S&P MC 400GR ETF Reduce -100.0% 0 $30

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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