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Portfolio (Quarterly) Guide ↗

Baldwin Investment Management, LLC

· CIK 0001346378
13F Portfolio $886M AUM 207 positions Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 207 New
Page 10 of 11  ·  207 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 SYLD Cambria Shareholder Yield ETF 4,189.0 $291K 0.03% NEW $69.53 +11.2%
182 XLI Industrial Select Sector SPDR Fund 1,870.0 $290K 0.03% NEW $155.12 +9.4%
183 CSX C S X Corp Industrials 7,883.0 $286K 0.03% NEW $36.25 +28.2%
184 DOV Dover Corp Industrials 1,450.0 $283K 0.03% NEW $195.24 +6.9%
185 FDX FedEx Corp Industrials 977.0 $282K 0.03% NEW $288.86 +29.6%
186 EXC Exelon Corporation Utilities 6,450.0 $281K 0.03% NEW $43.59 +2.3%
187 VEA Vanguard FTSE Developed Markets ETF 4,491.0 $281K 0.03% NEW $62.47 +11.0%
188 AVUV Avantis US Small Cap Value ETF 2,750.0 $280K 0.03% NEW $101.99 +15.3%
189 NUE Nucor Corp Basic Materials 1,678.0 $274K 0.03% NEW $163.11 +36.8%
190 SHEL SHELL ADR EACH REP 2 ORD WI Energy 3,629.0 $267K 0.03% NEW $73.48 +20.4%
191 XYL Xylem Inc Industrials 1,907.0 $260K 0.03% NEW $136.18 -21.6%
192 SYY Sysco Corp Consumer Defensive 3,475.0 $256K 0.03% NEW $73.69 +2.3%
193 GLD SPDR Gold Trust Financial Services 625.0 $248K 0.03% NEW $396.31 +4.4%
194 IJH Ishares Tr S&P Midcap 3,620.0 $239K 0.03% NEW $66.00 +8.7%
195 QCOM Qualcomm Inc Technology 1,365.0 $233K 0.03% NEW $171.05 +15.4%
196 GEV GE Vernova Inc. Utilities 357.0 $233K 0.03% NEW $653.57 +54.7%
197 PEG Public Service Enterprise Group Utilities 2,900.0 $233K 0.03% NEW $80.30 -3.3%
198 SCHA Schwab US Small Cap ETF 8,154.0 $232K 0.03% NEW $28.48 +12.9%
199 VO Vanguard Mid-Cap ETF 776.0 $225K 0.03% NEW $290.04 -73.7%
200 VLTO VERALTO ORD WI Industrials 2,230.0 $223K 0.03% NEW $99.78 -13.3%
Page 10 of 11  ·  207 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 32.0%
Financial Services 15.6%
Healthcare 14.5%
Industrials 10.0%
Consumer Cyclical 8.4%
Communication Services 5.0%
Energy 5.0%
Consumer Defensive 4.1%
Basic Materials 3.1%
Utilities 1.6%