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Portfolio (Quarterly) Guide ↗

Baldwin Investment Management, LLC

· CIK 0001346378
13F Portfolio $855.7B 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 11  ·  210 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 TSM Taiwan Semiconductor Manufacturing ADR Technology 16,672.0 $5.6M 0.66% +165.0 +1.0% $337.95 +19.6%
22 LIN Linde PLC Basic Materials 11,242.0 $5.6M 0.65% $495.78 +2.1%
23 VOO Vanguard S&P 500 Etf 9,177.0 $5.5M 0.64% +293.0 +3.3% $597.55 +13.6%
24 GS Goldman Sachs Group Inc Financial Services 6,256.0 $5.3M 0.62% -52.0 -0.8% $845.98 +12.1%
25 ISRG Intuitive Surgical Healthcare 10,825.0 $5.0M 0.58% +259.0 +2.5% $460.99 -8.6%
26 SPGI S&P Global Inc Financial Services 11,137.0 $4.7M 0.55% +666.0 +6.4% $425.35 -5.2%
27 ETN Eaton Corp Industrials 12,950.0 $4.6M 0.54% $357.67 +11.7%
28 BLK Blackrock Inc Financial Services 4,617.0 $4.4M 0.52% $961.66 +12.5%
29 BKR Baker Hughes Co Energy 72,062.0 $4.4M 0.51% -2K -2.8% $61.05 +8.5%
30 JNJ Johnson & Johnson Healthcare 17,653.0 $4.3M 0.50% $244.44 -7.3%
31 GOOG Alphabet Inc Class C Communication Services 14,951.0 $4.3M 0.50% -490.0 -3.2% $286.86 +37.1%
32 PANW Palo Alto Networks Technology 26,583.0 $4.3M 0.50% +2K +7.8% $160.32 +51.5%
33 ABT Abbott Laboratories Healthcare 39,819.0 $4.1M 0.48% +263.0 +0.7% $102.67 -14.4%
34 TMO Thermo Fisher Scientific Healthcare 8,102.0 $4.0M 0.47% $491.54 -10.8%
35 HD Home Depot Inc Consumer Cyclical 11,628.0 $3.8M 0.45% +585.0 +5.3% $328.89 -9.5%
36 ROK Rockwell Automation Industrials 10,377.0 $3.7M 0.43% $358.88 +25.0%
37 NEE Nextera Energy Utilities 37,608.0 $3.5M 0.41% $92.88 +0.5%
38 MS Morgan Stanley & Co Financial Services 19,501.0 $3.2M 0.38% -172.0 -0.9% $164.57 +17.0%
39 UNP Union Pacific Corp Industrials 12,778.0 $3.1M 0.36% $242.62 +11.5%
40 TJX TJX Inc Consumer Cyclical 18,271.0 $2.9M 0.34% $159.70 -7.7%
Page 2 of 11  ·  210 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%