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Portfolio (Quarterly) Guide ↗

Baldwin Investment Management, LLC

· CIK 0001346378
13F Portfolio $856M AUM 210 positions Filed May 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 10 New 48 Added 52 Reduced 7 Exited
Page 2 of 3  ·  48 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 IJR iShares S&P Smallcap 600 14,919.0 $1.9M 0.22% +141.0 +0.9% $124.31 +7.1%
22 AMT American Tower REIT Real Estate 10,476.0 $1.8M 0.21% +175.0 +1.7% $172.58 +6.0%
23 SO Southern Company Utilities 18,237.0 $1.8M 0.21% +1K +7.0% $96.52 -2.9%
24 IBM International Business Machines Corp Technology 7,239.0 $1.8M 0.20% +530.0 +7.9% $242.39 -8.1%
25 DIS Walt Disney Co Communication Services 18,080.0 $1.7M 0.20% +8K +80.0% $96.38 +7.9%
26 META Meta Platforms Inc Communication Services 2,611.0 $1.5M 0.17% +289.0 +12.4% $572.20 +6.8%
27 WMT Wal-Mart Stores Inc. Consumer Defensive 11,587.0 $1.4M 0.17% +2K +18.4% $124.28 +7.3%
28 SNPS Synopsys Inc Technology 3,605.0 $1.4M 0.17% +506.0 +16.3% $396.48 +25.7%
29 BWA Borg Warner Inc Consumer Cyclical 25,457.0 $1.4M 0.16% +1K +6.0% $54.26 +12.7%
30 MRVL Marvell Technology Group Technology 12,510.0 $1.2M 0.14% +2K +22.6% $99.05 +70.6%
31 VBR Vanguard Small Cap Value 4,702.0 $1.0M 0.12% +48.0 +1.0% $217.27 +4.1%
32 Expand Energy Corp 9,188.0 $1.0M 0.12% +2K +21.2% $109.78
33 BROS Dutch Bros Inc Consumer Cyclical 18,435.0 $934K 0.11% +900.0 +5.1% $50.66 +4.2%
34 BA Boeing Co Industrials 4,220.0 $840K 0.10% +2K +87.8% $199.03 +8.0%
35 UNH UnitedHealth Group Healthcare 2,894.0 $783K 0.09% +20.0 +0.7% $270.59 +44.5%
36 SCHD Schwab US Dividend Equity ETF 24,839.0 $762K 0.09% +4K +16.4% $30.68 +4.6%
37 NFLX Netflix Inc Communication Services 6,550.0 $630K 0.07% +3K +96.1% $96.15 -6.8%
38 IWM Ishares Tr Russell 2000 Index Fd 2,518.0 $624K 0.07% +206.0 +8.9% $248.01 +10.1%
39 Amrize AG 9,055.0 $507K 0.06% +75.0 +0.8% $56.02
40 Iqvia Hldgs Inc 2,758.0 $470K 0.06% +200.0 +7.8% $170.54
Page 2 of 3  ·  48 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 30.7%
Financial Services 14.3%
Healthcare 13.4%
Industrials 11.5%
Consumer Cyclical 8.1%
Energy 6.4%
Communication Services 4.9%
Consumer Defensive 4.6%
Basic Materials 3.4%
Utilities 1.9%