Baldwin Investment Management, LLC
CIK
1346378
Location
WEST CONSHOHOCKEN, PA
Portfolio Value
Small
$567,581,595
Diversification
Diversified
Filing Date
Global Rank
#560
/ 2,968
▲ 2301
Top Industry
Semiconductors
12.9%
3Y Alpha vs SPY
-0.1%
Period ended 30 days ago
Filed Jul 28, 2026 · 2d
26 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+67.1%
SPY
+67.9%
Annualised alpha
-0.2%
Max drawdown
−18.3%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
190 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
6.5%
+1.3 pts
Top 5
24.9%
+3.0 pts
Top 10
37.9%
+3.7 pts
HHI
213
Diversified+29
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 35.0% | $198,567,353 |
| Financial Services | 15.0% | $85,016,301 |
| Healthcare | 12.3% | $69,841,922 |
| Industrials | 12.0% | $68,315,961 |
| Consumer Cyclical | 7.9% | $44,888,786 |
| Communication Services | 4.6% | $26,008,590 |
| Consumer Defensive | 4.4% | $24,950,069 |
| Energy | 3.1% | $17,680,492 |
| Basic Materials | 2.4% | $13,774,240 |
| Utilities | 1.9% | $10,836,976 |
| Real Estate | 0.8% | $4,492,415 |
| Unclassified | 0.6% | $3,208,490 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AAPL | Apple Inc. | +29,226 | 99,797 | $28,877,259 | |
| NFLX | Netflix Inc | +24,918 | 31,468 | $2,246,815 | |
| NEE | Nextera Energy Inc | +24,850 | 62,458 | $5,481,938 | |
| NVDA | Nvidia Corp | +20,673 | 134,950 | $27,002,145 | |
| RTX | RTX Corp | +17,490 | 62,019 | $11,766,864 | |
| KO | Coca Cola Co | +16,235 | 28,955 | $2,353,172 | |
| SO | Southern Co | +14,965 | 33,202 | $3,177,763 | |
| BKR | Baker Hughes Co | +14,618 | 86,680 | $4,810,740 | |
| TJX | Tjx Companies Inc /De/ | +13,574 | 31,845 | $4,824,517 | |
| JPM | Jpmorgan Chase & Co | +13,017 | 61,191 | $20,029,650 | |
| GOOGL | Alphabet Inc. | +12,464 | 45,918 | $16,409,715 | |
| MSFT | Microsoft Corp | +11,439 | 44,413 | $16,566,937 | |
| BWA | Borgwarner Inc | +10,561 | 36,018 | $2,391,595 | |
| JNJ | Johnson & Johnson | +9,863 | 27,516 | $6,988,238 | |
| PEP | Pepsico Inc | +8,531 | 20,225 | $2,738,465 | |
| PFE | Pfizer Inc | +7,914 | 44,312 | $1,067,032 | |
| CVX | Chevron Corp | +7,234 | 15,784 | $2,616,355 | |
| LOW | Lowes Companies Inc | +7,008 | 17,240 | $3,801,247 | |
| ORCL | Oracle Corp | +6,545 | 11,520 | $1,688,256 | |
| TMUS | T-Mobile US, Inc. | +5,556 | 14,661 | $2,459,089 | |
| COF | Capital One Financial Corp | +5,071 | 20,953 | $4,203,590 | |
| WMT | Walmart Inc. | +5,034 | 16,621 | $1,882,494 | |
| DRI | Darden Restaurants Inc | +4,924 | 16,895 | $3,480,538 | |
| AMZN | Amazon Com Inc | +4,918 | 46,834 | $11,162,415 | |
| MA | Mastercard Inc | +4,663 | 8,901 | $4,571,553 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AXTA | Axalta Coating Systems Ltd. | −19,707 | 34,322 | $1,174,498 | |
| NKE | NIKE, Inc. | −13,550 | 8,077 | $331,560 | |
| BAC | Bank Of America Corp /De/ | −10,000 | 8,475 | $482,905 | |
| ADSK | Autodesk, Inc. | −7,778 | 2,879 | $559,735 | |
| BROS | Dutch Bros Inc. | −7,515 | 10,920 | $784,165 | |
| ZTS | Zoetis Inc. | −6,153 | 15,799 | $1,135,316 | |
| GXO | GXO Logistics, Inc. | −5,550 | 9,117 | $462,231 | |
| CTVA | Corteva, Inc. | −5,000 | 10,929 | $925,577 | |
| ICE | Intercontinental Exchange, Inc. | −4,381 | 4,583 | $564,213 | |
| LRCX | Lam Research Corp | −3,480 | 85,114 | $36,882,449 | |
| MRVL | Marvell Technology, Inc. | −2,439 | 10,071 | $3,000,050 | |
| AMRZ | Amrize Ltd | −2,255 | 6,800 | $362,440 | |
| ABT | Abbott Laboratories | −1,974 | 37,845 | $3,434,055 | |
| KMB | Kimberly Clark Corp | −1,955 | 6,902 | $757,632 | |
| ITUB | Itau Unibanco Holding S.A. | −1,878 | 72,571 | $592,905 | |
| VIK | Viking Holdings Ltd | −1,660 | 20,250 | $2,119,567 | |
| GLW | Corning Inc /Ny | −1,640 | 3,220 | $822,484 | |
| PLTR | Palantir Technologies Inc. | −1,582 | 2,094 | $244,306 | |
| PNC | Pnc Financial Services Group, Inc. | −1,105 | 1,603 | $394,690 | |
| INFY | Infosys Ltd | −1,005 | 73,835 | $774,529 | |
| ADBE | Adobe Inc. | −899 | 3,262 | $668,775 | |
| ARCC | Ares Capital Corp | −783 | 59,409 | $1,100,848 | |
| IBN | Icici Bank Ltd | −726 | 73,112 | $2,122,441 | |
| SRAD | Sportradar Group AG | −653 | 31,974 | $478,650 | |
| NVO | Novo Nordisk A S | −591 | 20,958 | $1,004,726 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
19 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TXN | Texas Instruments Inc | 7,349 | $2,190,516 | |
| HONA | Honeywell Aerospace Inc. | 7,035 | $1,553,328 | |
| SYK | Stryker Corp | 2,968 | $934,445 | |
| MDT | Medtronic plc | 8,826 | $690,457 | |
| URI | United Rentals, Inc. | 593 | $671,803 | |
| SPCX | Space Exploration Technologies Corp | 3,855 | $658,665 | |
| CCL | Carnival Corp Ltd. | 20,749 | $592,798 | |
| MMM | 3M Co | 2,150 | $348,106 | |
| QCOM | Qualcomm Inc/De | 1,835 | $339,089 | |
| AMAT | Applied Materials Inc /De | 432 | $312,336 | |
| NVT | nVent Electric plc | 1,770 | $300,209 | |
| Q | Qnity Electronics, Inc. | 1,710 | $279,260 | |
| LEN | Lennar Corp /New/ | 2,875 | $260,158 | |
| WDFC | Wd 40 Co | 985 | $239,985 | |
| GE | General Electric Co | 612 | $228,722 | |
| KLAC | Kla Corp | 750 | $226,282 | |
| TRV | Travelers Companies, Inc. | 675 | $222,831 | |
| MKC | Mccormick & Co Inc | 4,352 | $219,427 | |
| SYY | Sysco Corp | 2,575 | $215,218 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| XOM | ExxonMobil Holdings Corp | 55,219 | $9,368,455 | |
| ZS | Zscaler, Inc. | 6,887 | $966,177 | |
| VMC | Vulcan Materials CO | 3,238 | $881,707 | |
| BSX | Boston Scientific Corp | 11,035 | $692,446 | |
| UBER | Uber Technologies, Inc | 6,863 | $493,655 | |
| CBT | Cabot Corp | 5,230 | $393,871 | |
| EXP | Eagle Materials Inc | 1,800 | $341,010 | |
| TOST | Toast, Inc. | 8,450 | $224,009 | |
| No positions match the current search. | ||||
190 tracked positions ·
$567,581,595 total
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 190 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| LRCX |
Lam Research Corp
Technology
|
Reduced | 85,114 | $36,882,449 | 6.50% | |
| AAPL |
Apple Inc.
Technology
|
Added | 99,797 | $28,877,259 | 5.09% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 75,155 | $28,389,801 | 5.00% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 134,950 | $27,002,145 | 4.76% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 61,191 | $20,029,650 | 3.53% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 44,413 | $16,566,937 | 2.92% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 45,918 | $16,409,715 | 2.89% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 12,959 | $15,543,414 | 2.74% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 14,865 | $13,905,761 | 2.45% | |
| RTX |
RTX Corp
Industrials
|
Added | 62,019 | $11,766,864 | 2.07% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 46,834 | $11,162,415 | 1.97% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 19,793 | $9,904,219 | 1.74% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 28,553 | $9,737,144 | 1.72% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 8,327 | $8,867,422 | 1.56% | |
| VRTX |
Vertex Pharmaceuticals Inc / Ma
Healthcare
|
Added | 16,870 | $8,379,835 | 1.48% | |
| V |
Visa Inc.
Financial Services
|
Added | 23,968 | $8,223,181 | 1.45% | |
| VRT |
Vertiv Holdings Co
Industrials
|
Reduced | 23,823 | $7,976,416 | 1.41% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 31,297 | $7,875,577 | 1.39% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Reduced | 16,395 | $7,829,760 | 1.38% | |
| ETN |
Eaton Corp plc
Industrials
|
Added | 17,394 | $7,411,931 | 1.31% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Added | 7,008 | $7,087,680 | 1.25% | |
| EPD |
Enterprise Products Partners L.P.
Energy
|
Reduced | 191,338 | $7,033,584 | 1.24% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 27,516 | $6,988,238 | 1.23% | |
| BLK |
BlackRock, Inc.
Financial Services
|
Added | 6,867 | $6,603,032 | 1.16% | |
| LIN |
Linde PLC
Basic Materials
|
Added | 12,444 | $6,457,689 | 1.14% | |
| DELL |
Dell Technologies Inc.
Technology
|
Added | 13,240 | $5,712,530 | 1.01% | |
| NEE |
Nextera Energy Inc
Utilities
|
Added | 62,458 | $5,481,938 | 0.97% | |
| ROK |
Rockwell Automation, Inc
Industrials
|
Added | 10,843 | $5,368,152 | 0.95% | |
| ISRG |
Intuitive Surgical Inc
Healthcare
|
Added | 12,766 | $5,076,782 | 0.89% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Added | 9,982 | $5,004,575 | 0.88% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Added | 31,845 | $4,824,517 | 0.85% | |
| BKR |
Baker Hughes Co
Energy
|
Added | 86,680 | $4,810,740 | 0.85% | |
| SPGI |
S&P Global Inc.
Financial Services
|
Added | 11,421 | $4,651,316 | 0.82% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 8,901 | $4,571,553 | 0.81% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 12,291 | $4,334,789 | 0.76% | |
| COF |
Capital One Financial Corp
Financial Services
|
Added | 20,953 | $4,203,590 | 0.74% | |
| MS |
Morgan Stanley
Financial Services
|
Added | 20,065 | $4,194,387 | 0.74% | |
| LOW |
Lowes Companies Inc
Consumer Cyclical
|
Added | 17,240 | $3,801,247 | 0.67% | |
| DRI |
Darden Restaurants Inc
Consumer Cyclical
|
Added | 16,895 | $3,480,538 | 0.61% | |
| UNP |
Union Pacific Corp
Industrials
|
Reduced | 12,763 | $3,471,536 | 0.61% | |
| ABT |
Abbott Laboratories
Healthcare
|
Reduced | 37,845 | $3,434,055 | 0.61% | |
| SO |
Southern Co
Utilities
|
Added | 33,202 | $3,177,763 | 0.56% | |
| CRWD |
CrowdStrike Holdings, Inc.
Technology
|
Added | 4,143 | $3,161,689 | 0.56% | |
| WM |
Waste Management Inc
Industrials
|
Added | 13,806 | $3,077,081 | 0.54% | |
| ULTA |
Ulta Beauty, Inc.
Consumer Cyclical
|
Added | 6,690 | $3,017,056 | 0.53% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
Reduced | 10,071 | $3,000,050 | 0.53% | |
| DE |
Deere & Co
Industrials
|
Added | 4,536 | $2,877,320 | 0.51% | |
| ASML |
Asml Holding NV
Technology
|
Added | 1,426 | $2,836,941 | 0.50% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 20,225 | $2,738,465 | 0.48% | |
| CVX |
Chevron Corp
Energy
|
Added | 15,784 | $2,616,355 | 0.46% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.