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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 6 of 11  ·  210 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 VBR Vanguard Small Cap Value 4,702.0 $1.0M 0.12% +48.0 +1.0% $217.27 +4.1%
102 ADBE Adobe Inc Technology 4,161.0 $1.0M 0.12% -1K -22.5% $243.08 +4.9%
103 INFY Infosys Technologies Ltd Technology 74,840.0 $1.0M 0.12% $13.51 -6.8%
104 Expand Energy Corp 9,188.0 $1.0M 0.12% +2K +21.2% $109.78
105 SHOP Shopify Inc Technology 8,423.0 $999K 0.12% $118.62 -13.7%
106 KO Coca Cola Co. Consumer Defensive 12,720.0 $967K 0.11% $76.05 +6.8%
107 ZS Zscaler Inc Technology 6,887.0 $966K 0.11% $140.29 +24.5%
108 MCK McKesson Corp Healthcare 1,110.0 $961K 0.11% -75.0 -6.3% $865.36 -10.3%
109 DUK Duke Energy Corp. Utilities 7,322.0 $959K 0.11% -504.0 -6.4% $130.94 -6.2%
110 ADI Analog Devices Inc Technology 3,010.0 $958K 0.11% $318.14 +30.2%
111 DDOG Datadog Inc Technology 8,035.0 $949K 0.11% -495.0 -5.8% $118.05 +76.9%
112 BROS Dutch Bros Inc Consumer Cyclical 18,435.0 $934K 0.11% +900.0 +5.1% $50.66 +4.2%
113 APD Air Products and Chemicals Inc Basic Materials 3,103.0 $901K 0.10% $290.49 +0.4%
114 BAC Bank of America Corp Financial Services 18,475.0 $901K 0.10% $48.75 +4.0%
115 VMC Vulcan Materials Company Basic Materials 3,238.0 $882K 0.10% $272.30 -2.2%
116 KMB Kimberly Clark Corp Consumer Defensive 8,857.0 $854K 0.10% -2K -21.8% $96.47 +0.1%
117 PG Procter & Gamble Co. Consumer Defensive 5,913.0 $854K 0.10% $144.43 -1.4%
118 BA Boeing Co Industrials 4,220.0 $840K 0.10% +2K +87.8% $199.03 +8.0%
119 NXPI NXP Semiconductors N.V. Technology 4,235.0 $834K 0.10% $196.86 +48.2%
120 IWR iShares Russell Midcap Index Fd 8,363.0 $813K 0.10% $97.23 +6.0%
Page 6 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%