Q2 2026 13F · SEC CIK 1346378

Baldwin Investment Management, LLC

Wealth managerFiled 2026-07-28 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.0B
Reported positions: 231
Top holdings a year, 3 yrs: +16.5%
Assets under management: $1.3B

Baldwin Investment Management, LLC is a wealth manager that reported 231 positions worth $1.0B in its Q2 2026 13F, filed 2026-07-28. Its largest holdings were Berkshire Hathaway Inc Del (BRK-A, 40.2%), Lam Research Corp (LRCX, 3.6%), Apple Inc (AAPL, 2.8%). A portfolio copying its top holdings returned 16.5% a year over the last 3 years, against 24.2% for the S&P 500.

Baldwin Investment Management, LLC holdings largest 50 of 231 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Baldwin Investment Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BRK-ABerkshire Hathaway Inc Del	40.2%	46.6%	555	+0.0%	$415.6M
LRCXLam Research Corp	3.6%	2.2%	85,114	-3.9%	$36.9M
AAPLApple Inc	2.8%	2.1%	99,797	+41.4%	$28.9M
AVGOBroadcom Inc	2.7%	2.6%	75,155	+5.3%	$28.4M
NVDANvidia Corporation Com	2.6%	2.3%	134,950	+18.1%	$27.0M
JPMJpmorgan Chase & Co	1.9%	1.7%	61,191	+27.0%	$20.0M
MSFTMicrosoft Corp	1.6%	1.4%	44,413	+34.7%	$16.6M
GOOGLAlphabet Inc	1.6%	1.1%	45,918	+37.3%	$16.4M
LLYLilly Eli & Co	1.5%	1.2%	12,959	+18.5%	$15.5M
COSTCostco Whsl Corp New	1.3%	1.3%	14,865	+28.4%	$13.9M
RTXRtx Corporation Com	1.1%	1.0%	62,019	+39.3%	$11.8M
AMZNAmazon Com Inc Com	1.1%	1.0%	46,834	+11.7%	$11.2M
BRK-BBerkshire Hathaway Inc Del	1.0%	1.1%	19,793	+1.9%	$9.9M
PANWPalo Alto Networks Inc	0.9%	0.5%	28,553	+7.4%	$9.7M
XOMExxon Mobil Corp	0.9%	—	67,677	—	$9.3M
CATCaterpillar Inc Com	0.9%	0.7%	8,327	+3.6%	$8.9M
VRTXVertex Pharmaceuticals Inc	0.8%	0.8%	16,870	+7.7%	$8.4M
VVisa Inc Com Cl A	0.8%	0.8%	23,968	+12.1%	$8.2M
VRTVertiv Holdings Co	0.8%	0.7%	23,823	-1.1%	$8.0M
ABBVAbbvie Inc	0.8%	0.7%	31,297	+10.0%	$7.9M
TSMTaiwan Semiconductor Manufac	0.8%	0.7%	16,395	-1.7%	$7.8M
ETNEaton Corp PLC	0.7%	0.5%	17,394	+34.3%	$7.4M
GSGoldman Sachs Group Inc	0.7%	0.6%	7,008	+12.0%	$7.1M
EPDEnterprise Prods Partners L	0.7%	0.8%	191,338	-0.3%	$7.0M
JNJJohnson & Johnson	0.7%	0.5%	27,516	+55.9%	$7.0M
BLKBlackrock Inc	0.6%	0.5%	6,867	+48.7%	$6.6M
LINLinde PLC	0.6%	0.7%	12,444	+10.7%	$6.5M
VOOVanguard S&p 500 ETF	0.6%	0.6%	9,257	+0.9%	$6.4M
DELLDell Technologies Inc	0.6%	—	13,240	—	$5.7M
NEENextera Energy Inc Com	0.5%	0.4%	62,458	+66.1%	$5.5M
ROKRockwell Automation Inc	0.5%	0.4%	10,843	+4.5%	$5.4M
ISRGIntuitive Surgical Inc	0.5%	0.6%	12,766	+17.9%	$5.1M
TMOThermo Fisher Scientific Inc	0.5%	0.5%	9,982	+23.2%	$5.0M
GOOGAlphabet Inc	0.5%	0.5%	14,041	-6.1%	$5.0M
TJXTjx Cos Inc New Com	0.5%	0.3%	31,845	+74.3%	$4.8M
BKRBaker Hughes Company Cl A	0.5%	0.5%	86,680	+20.3%	$4.8M
SPGIS&P Global Inc.	0.5%	0.6%	11,421	+2.6%	$4.7M
MAMastercard Inc.	0.4%	—	8,901	—	$4.6M
HDHome Depot Inc Com	0.4%	0.4%	12,291	+5.7%	$4.3M
COFCapital One Financial Corp	0.4%	0.3%	20,953	+31.9%	$4.2M
MSMorgan Stanley Com New	0.4%	0.4%	20,065	+2.9%	$4.2M
LOWLowes Cos Inc	0.4%	0.3%	17,240	+68.5%	$3.8M
VTIVanguard Index Fds	0.4%	0.3%	9,962	+17.5%	$3.7M
DRIDarden Restaurants Inc Com	0.3%	0.3%	16,895	+41.1%	$3.5M
UNPUnion Pac Corp	0.3%	0.4%	12,763	-0.1%	$3.5M
ABTAbbott Laboratories	0.3%	0.5%	37,845	-5.0%	$3.4M
SOSouthern Co.	0.3%	—	33,202	—	$3.2M
CRWDCrowdstrike Hldgs Inc Class A	0.3%	—	4,143	—	$3.2M
WMWaste Mgmt Inc Del	0.3%	0.3%	13,806	+28.5%	$3.1M
ULTAUlta Beauty Inc	0.3%	—	6,690	—	$3.0M

What Baldwin Investment Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

TJX Tjx Cos Inc New Com+74.3% shares
LOW Lowes Cos Inc+68.5% shares
NEE Nextera Energy Inc Com+66.1% shares
JNJ Johnson & Johnson+55.9% shares
BLK Blackrock Inc+48.7% shares
AAPL Apple Inc+41.4% shares
DRI Darden Restaurants Inc Com+41.1% shares
RTX Rtx Corporation Com+39.3% shares

Reduced

GOOG Alphabet Inc-6.1% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +13.4% /yr; S&P 500 +20.1%
3 years: +16.5% /yr; S&P 500 +24.2%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.0B	231
Q1 2026	$855.7M	210
Q4 2025	$885.8M	207
Q3 2025	$873.4M	207
Q2 2025	$828.4M	209
Q1 2025	$831.9M	200
Q4 2024	$767.9M	199
Q3 2024	$797.9M	213
Q2 2024	$730.2M	205
Q1 2024	$737.3M	209
Q4 2023	$639.8M	203
Q3 2023	$598.1M	192

Questions about Baldwin Investment Management, LLC's portfolio

What stocks does Baldwin Investment Management, LLC own?

Baldwin Investment Management, LLC's latest 13F, for Q2 2026 and filed Jul 28, 2026, lists 231 positions worth $1.0B. The largest are Berkshire Hathaway Inc Del (BRK-A) at 40.2%, Lam Research Corp (LRCX) at 3.6%, Apple Inc (AAPL) at 2.8%, Broadcom Inc (AVGO) at 2.7% and Nvidia Corporation Com (NVDA) at 2.6%.

What did Baldwin Investment Management, LLC buy last quarter?

In Q2 2026, Baldwin Investment Management, LLC added Tjx Cos Inc New Com (TJX) (+74.3% shares), Lowes Cos Inc (LOW) (+68.5% shares) and Nextera Energy Inc Com (NEE) (+66.1% shares), compared with its Q1 2026 filing.

What did Baldwin Investment Management, LLC sell last quarter?

In Q2 2026, Baldwin Investment Management, LLC cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Zoetis Inc (ZTS), cut from its top 50 Autodesk Inc (ADSK), cut from its top 50 Mcdonalds Corp Com (MCD), cut from its top 50 Danaher Corporation (DHR) and Alphabet Inc (GOOG) (-6.1% shares), compared with its Q1 2026 filing.

How has Baldwin Investment Management, LLC's portfolio performed?

A portfolio copying Baldwin Investment Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.5% a year over the last 3 years, against +24.2% for the S&P 500. Over 1 year: +13.4% against +20.1%.

When is Baldwin Investment Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Baldwin Investment Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Baldwin Investment Management, LLC manage?

Baldwin Investment Management, LLC reported $1.3B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.0B.