Kimelman & Baird, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Kimelman & Baird, LLC reported 258 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 5.8% of the portfolio, followed by Costco Wholesale (COST, 5.1%) and JPMorgan Chase (JPM, 5.0%). Compared with Q4 2025, it opened 11 new positions, sold out of 12, added to 27 and reduced 50. The biggest buy was Regeneron Pharmaceuticals (REGN, shares +3357%) and the biggest sale Norfolk Southern (NSC, shares −100%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001318103
Portfolio Value
$1.2B (Q1 2026)
SEC Filing
0000890163-26-000005 ↗ filed May 13, 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 Q4 2025 Q1 2026: $1.2B $1.2B Q1 2026 Q2 2026: $1.4B Q2 2026

Holdings 258 stocks · $1.2B
AAPL Apple Inc. 5.81% 278,161 $70.6M Reduce -2.1%
COST Costco Wholesale Corp. 5.14% 62,722 $62.5M Reduce -0.6%
JPM JPMorgan Chase & Co. 5.03% 207,978 $61.2M Reduce -10.2%
AMZN Amazon.com Inc. 4.70% 274,403 $57.1M Reduce -0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.33% 329,412 $52.6M Reduce -0.8%
WM Waste Management Inc. 3.91% 206,687 $47.5M Reduce -2.1%
GOOGL Alphabet Inc. Class A 3.74% 158,153 $45.5M Reduce -1.2%
MSFT Microsoft Corp. 3.59% 117,857 $43.6M Reduce -2.7%
CPRT Copart Inc. 3.37% 1,232,861 $40.9M Reduce -0.3%
HD Home Depot Inc. 3.18% 117,361 $38.6M Reduce -0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.18% 791,701 $38.6M Reduce -0.3%
LLY Eli Lilly & Co. 3.05% 40,324 $37.1M Reduce -3.7%
BX Blackstone Inc. 2.96% 312,666 $36.0M Reduce -0.3%
MA Mastercard Inc. Class A 2.92% 70,961 $35.5M Reduce -9.7%
V Visa Inc. Class A 2.54% 102,032 $30.8M Reduce -3.9%
WCN Waste Connections Inc. 2.42% 181,042 $29.4M Reduce -4.4%
HON Honeywell International Inc. 2.41% 129,687 $29.3M Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.11% 105,665 $25.6M Add +0.7%
UNP Union Pacific Corp. 2.04% 102,304 $24.8M No change
MRVL Marvell Technology Inc. 2.01% 246,782 $24.4M Reduce -0.1%
UBER Uber Technologies Inc. 2.00% 338,651 $24.4M Reduce -0.0%
BA The Boeing Co. 1.92% 117,128 $23.3M Reduce -0.1%
OPLN Openlane Inc. 1.87% 779,884 $22.7M Reduce -3.7%
OC Owens Corning 1.75% 196,230 $21.2M Reduce -0.5%
DOV Dover Corp. 1.65% 96,000 $20.0M No change
MRK Merck & Co. Inc. 1.59% 160,179 $19.3M No change
LIN Linde PLC 1.46% 35,799 $17.7M Add +0.9%
XOM Exxon Mobil Corp. 1.36% 97,180 $16.5M No change
MDT Medtronic PLC 1.21% 169,890 $14.7M Add +0.3%
NVDA Nvidia Corp. 1.21% 84,120 $14.7M Add +24.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.05% 132,796 $12.8M Add +0.6%
NKE Nike Inc. Class B 0.83% 189,994 $10.0M Add +2.7%
EMR Emerson Electric Co. 0.74% 68,585 $9.0M No change
REGN Regeneron Pharmaceuticals 0.69% 10,856 $8.4M Add +3357.3%
CVX Chevron Corp. 0.69% 40,433 $8.4M Reduce -0.5%
MCD McDonald's Corp. 0.69% 26,901 $8.4M Reduce -1.5%
CSCO Cisco Systems Inc. 0.62% 97,254 $7.5M Add +388.4%
ABBV Abbvie Inc. 0.55% 30,656 $6.7M No change
CAC Camden National Corp. 0.54% 138,339 $6.6M Reduce -0.7%
NEE Nextera Energy Inc. 0.52% 68,424 $6.4M No change
NUE Nucor Corp. 0.52% 37,465 $6.3M No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.51% 29,950 $6.2M No change
SHEL Shell PLC-ADR 0.51% 66,176 $6.2M No change
AMGN Amgen Inc. 0.41% 14,240 $5.0M No change
DMRC Digimarc Corp. 0.34% 838,695 $4.1M Add +23.2%
STX Seagate Technology Holdings 0.29% 9,025 $3.5M No change
GOOG Alphabet Inc. Class C 0.25% 10,724 $3.1M Reduce -48.7%
GE General Electric filed as GE AEROSPACE 0.24% 10,299 $2.9M No change
PG The Procter & Gamble Co. 0.24% 19,804 $2.9M Add +0.7%
AXP American Express Co. 0.23% 9,291 $2.8M Add +52.6%
STE Steris PLC 0.23% 12,666 $2.8M Reduce -13.6%
JNJ Johnson & Johnson 0.21% 10,450 $2.6M Add +0.5%
TRV The Travelers Cos Inc. 0.20% 8,514 $2.5M New
ABT Abbott Laboratories 0.20% 23,506 $2.4M No change
GLD SPDR Gold Shares 0.19% 5,390 $2.3M No change
MRSH Marsh & McLennan Cos 0.18% 12,630 $2.2M No change
LITE Lumentum Holdings Inc. 0.14% 2,374 $1.7M Reduce -4.0%
KIM Kimco Realty Corp. 0.13% 68,125 $1.5M No change
MTX Minerals Technologies Inc. 0.13% 21,532 $1.5M No change
ECL Ecolab Inc. 0.12% 5,658 $1.5M No change
SXT Sensient Technologies Corp. 0.12% 16,650 $1.4M No change
EOG EOG Resources Inc. 0.11% 9,400 $1.4M Reduce -3.0%
MDLZ Mondelez International Inc. Class A 0.11% 22,307 $1.3M Reduce -1.3%
PFE Pfizer Inc. 0.10% 42,976 $1.2M Reduce -4.3%
PM Philip Morris International 0.10% 7,297 $1.2M No change
GEV GE Vernova Inc. 0.10% 1,378 $1.2M No change
SYY Sysco Corp. 0.10% 16,599 $1.2M No change
KR Kroger Co. 0.09% 15,300 $1.1M No change
GNR State Street SPDR S&P Global 0.09% 14,500 $1.1M No change
UL Unilever PLC-Sponsored ADR 0.09% 18,796 $1.1M No change
NVS Novartis AG-Sponsored ADR 0.09% 6,850 $1.0M No change
FNLC First Bancorp Inc. 0.08% 35,625 $999K Add +4.4%
CMCSA Comcast Corp. Class A 0.08% 34,778 $998K No change
BMY Bristol-Myers Squibb Co. 0.08% 15,525 $942K No change
VST Vistra Corp. 0.08% 6,200 $932K No change
TT Trane Technologies PLC 0.08% 2,190 $913K No change
COP Conocophillips 0.07% 6,850 $904K No change
ENPH Enphase Energy Inc. 0.05% 17,627 $666K Add +31949.1%
NI Nisource Inc. 0.05% 13,950 $651K No change
META Meta Platforms Inc. Class A 0.05% 1,027 $588K No change
GPC Genuine Parts Co. 0.05% 5,500 $582K No change
KO The Coca-Cola Co. 0.05% 7,400 $563K No change
CTVA Corteva Inc. 0.05% 6,651 $557K No change
Q Qnity Electronics Inc. 0.04% 4,634 $535K No change
DOW Dow Inc. filed as DOW HLDGS INC 0.04% 12,728 $530K Reduce -9.7%
QCOM Qualcomm Inc. 0.04% 4,100 $528K No change
NWSA News Corp. Class A 0.04% 20,812 $519K No change
FUL H.B. Fuller Co. filed as FULLER H B CO 0.04% 8,400 $518K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.04% 6,714 $487K No change
PANW Palo Alto Networks Inc. 0.04% 3,000 $481K No change
GIS General Mills Inc. 0.04% 11,942 $444K No change
UTZ Utz Brands Inc. 0.04% 55,984 $443K Add +2.8%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.04% 4,500 $434K No change
DD Dupont DE Nemours Inc. 0.03% 9,272 $425K No change
VOO Vanguard S&P 500 ETF 0.03% 679 $406K No change
PLTR Palantir Technologies Inc. Class A 0.03% 2,473 $362K Add +298.9%
PEP Pepsico Inc. 0.03% 2,323 $361K Add +3.3%
WEN The Wendy's Co. 0.03% 50,355 $350K Reduce -12.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 532 $346K Reduce -4.5%
NFLX Netflix Inc. 0.03% 3,395 $326K Add +2.9%

Show all 258 holdings

Other holdings (4): bonds, preferreds, convertibles and warrants · $51K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 25$29KNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 300$19KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 56$2KNo change
XRXDW Xerox Holdings Corp. *W EXP 02/11/202 25$3No change
Lines left out (1) · $31 — a value with no share or principal amount
SecurityClassSharesValue
IJK iShares S&P Mid-Cap 400 Grow S&P MC 400GR ETF0$31

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: $1.2B.

Portfolio Sells Q4 2025 → Q1 2026
NSC Norfolk Southern Corp. Reduce -99.8% 0.00% −1.26
MSFT Microsoft Corp. Reduce -2.7% 3.59% −0.91
BX Blackstone Inc. Reduce -0.3% 2.96% −0.76
JPM JPMorgan Chase & Co. Reduce -10.2% 5.03% −0.70
MA Mastercard Inc. Class A Reduce -9.7% 2.92% −0.53
LLY Eli Lilly & Co. Reduce -3.7% 3.05% −0.41
CPRT Copart Inc. Reduce -0.3% 3.37% −0.35
V Visa Inc. Class A Reduce -3.9% 2.54% −0.32
GOOG Alphabet Inc. Class C Reduce -48.7% 0.25% −0.25
TRV Travelers Companies Inc. Sold out 0.00% −0.19
AMZN Amazon.com Inc. Reduce -0.4% 4.70% −0.18
BAC Bank of America Corp. Reduce -0.3% 3.18% −0.18
WCN Waste Connections Inc. Reduce -4.4% 2.42% −0.13
AAPL Apple Inc. Reduce -2.1% 5.81% −0.13
UBER Uber Technologies Inc. Reduce -0.0% 2.00% −0.12
GOOGL Alphabet Inc. Class A Reduce -1.2% 3.74% −0.11
SOLS Solstice Adv Materials Inc. Reduce -94.9% 0.01% −0.10
STE Steris PLC Reduce -13.6% 0.23% −0.06
MMM 3M Co. Reduce -83.3% 0.01% −0.05
BA The Boeing Co. Reduce -0.1% 1.92% −0.04
KMB Kimberly-Clark Corp. Reduce -69.0% 0.01% −0.02
SW Smurfit Westrock PLC Reduce -93.3% 0.00% −0.02
EXAS Exact Sciences Corp. Sold out 0.00% −0.02
CAG Conagra Brands Inc. Reduce -98.5% 0.00% −0.01
WEN The Wendy's Co. Reduce -12.2% 0.03% −0.01
RTX CORPORATION Sold out 0.00% −0.01
ASH Ashland Inc. Reduce -34.7% 0.01% −0.01
TFX Teleflex Inc. Reduce -52.6% 0.01% −0.01
INTU Intuit Inc. Sold out 0.00% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -20.0% 0.02% −0.00
CDW CDW Corp. Sold out 0.00% −0.00
ROP Roper Technologies Inc. Sold out 0.00% −0.00
EL Estee Lauder Companies Class A Sold out 0.00% −0.00
MOS The Mosaic Co. Sold out 0.00% −0.00
FISV Fiserv Inc. Sold out 0.00% −0.00
TGT Target Corp. Sold out 0.00% −0.00
MRP Millrose Properties Sold out 0.00% −0.00
WABC Westamerica Bancorporation Reduce -50.5% 0.00% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.5% 0.03% −0.00
UNH Unitedhealth Group Inc. Reduce -28.0% 0.00% −0.00
OEC Orion SA Reduce -80.0% 0.00% −0.00
VTRS Viatris Inc. Reduce -57.5% 0.00% −0.00
CC The Chemours Co. Sold out 0.00% −0.00
LLYVK Liberty Live Holdings Class C Reduce -50.0% 0.00% −0.00
SLB SLB Ltd. Reduce -50.0% 0.00% −0.00
MAR Marriott International Class A Reduce -5.4% 0.00% +0.00
MDLZ Mondelez International Inc. Class A Reduce -1.3% 0.11% +0.01
PFE Pfizer Inc. Reduce -4.3% 0.10% +0.01
OPLN Openlane Inc. Reduce -3.7% 1.87% +0.02
DOW Dow Inc. Reduce -9.7% 0.04% +0.02

Portfolio Buys Q4 2025 → Q1 2026
REGN Regeneron Pharmaceuticals Add +3357.3% 0.69% +0.67
CSCO Cisco Systems Inc. Add +388.4% 0.62% +0.50
LIN Linde PLC Add +0.9% 1.46% +0.30
NVDA Nvidia Corp. Add +24.1% 1.21% +0.24
TRV The Travelers Cos Inc. New 0.20% +0.20
AXP American Express Co. Add +52.6% 0.23% +0.06
ENPH Enphase Energy Inc. Add +31949.1% 0.05% +0.05
JNJ Johnson & Johnson Add +0.5% 0.21% +0.04
PLTR Palantir Technologies Inc. Class A Add +298.9% 0.03% +0.02
PG The Procter & Gamble Co. Add +0.7% 0.24% +0.02
NOW ServiceNow Inc. Add +32800.0% 0.01% +0.01
FNLC First Bancorp Inc. Add +4.4% 0.08% +0.01
NEM Newmont Corp. Add +56.6% 0.02% +0.01
RTX RTX Corp. New 0.01% +0.01
WMT Walmart Inc. Add +33.0% 0.02% +0.01
PEP Pepsico Inc. Add +3.3% 0.03% +0.00
IP International Paper Co. New 0.00% +0.00
NFLX Netflix Inc. Add +2.9% 0.03% +0.00
CAT Caterpillar Inc. Add +24.0% 0.01% +0.00
VEU Vanguard Ftse All-World Ex-U New 0.00% +0.00
VYM Vanguard High DVD Yield ETF Add +32.0% 0.01% +0.00
VZ Verizon Communications Inc. Add +4.5% 0.01% +0.00
TGT Target Corp. New 0.00% +0.00
MS Morgan Stanley New 0.00% +0.00
LMT Lockheed Martin Corp. New 0.00% +0.00
LOW Lowe's Cos Inc. Add +26.5% 0.00% +0.00
GLW Corning Inc. New 0.00% +0.00
ORCL Oracle Corp. Add +1520.0% 0.00% +0.00
VLO Valero Energy Corp. New 0.00% +0.00
AVGO Broadcom Inc. New 0.00% +0.00
ACVA Acv Auctions Inc. Class A New 0.00% +0.00
TSLA Tesla Inc. Add +3.5% 0.01% −0.00
DMRC Digimarc Corp. Add +23.2% 0.34% −0.00
UTZ Utz Brands Inc. Add +2.8% 0.04% −0.01
MDT Medtronic PLC Add +0.3% 1.21% −0.04
NKE Nike Inc. Class B Add +2.7% 0.83% −0.08
DIS The Walt Disney Co. Add +0.6% 1.05% −0.10
IBM Intl Business Machines Corp. Add +0.7% 2.11% −0.28

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