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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 3 of 3  ·  48 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 CRWD Crowdstrike Hldgs Inc Technology 1,045.0 $408K 0.05% +205.0 +24.4% $390.41 +58.5%
42 GEV GE Vernova Inc. Utilities 420.0 $367K 0.04% +63.0 +17.6% $872.90 +16.0%
43 XLI Industrial Select Sector SPDR Fund 2,226.0 $360K 0.04% +356.0 +19.0% $161.72 +4.3%
44 AVUV Avantis US Small Cap Value ETF 3,248.0 $359K 0.04% +498.0 +18.1% $110.46 +6.1%
45 GLD SPDR Gold Trust Financial Services 726.0 $312K 0.04% +101.0 +16.2% $430.29 -2.8%
46 INCY Incyte Corporation Healthcare 2,480.0 $233K 0.03% +340.0 +15.9% $94.12 +1.1%
47 QQQ Powershares QQQ Trust Financial Services 363.0 $210K 0.03% +28.0 +8.4% $577.82 +21.4%
48 WFC Wells Fargo & Co. Financial Services 2,572.0 $205K 0.02% +200.0 +8.4% $79.60 -6.6%
Page 3 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%