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Institutional Investment Manager
Baldwin Investment Management, LLC
Baldwin Investment Management, LLC (CIK: 0001346378) incorporated in Pennsylvania, located at 1001 Conshohocken State Rd, West Conshohocken, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 135 holdings with a total value of $252,609,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 679 147,683,000 58.46% SH
2 APPLE INC 27,185 3,383,000 1.34% SH
3 CELGENE CORP 21,785 2,511,000 0.99% SH
4 QUALCOMM INC 32,575 2,259,000 0.89% SH
5 ENTERPRISE PRODS PARTNERS L 63,200 2,081,000 0.82% SH
6 NIKE INC 20,507 2,057,000 0.81% SH
7 VISA INC 29,540 1,932,000 0.76% SH
8 METTLER-TOLEDO 5,675 1,865,000 0.74% SH
9 SCHLUMBERGER LTD 21,431 1,788,000 0.71% SH
10 COSTCO WHSL CORP NEW 11,587 1,755,000 0.69% SH
11 DANAHER CORP DEL 20,625 1,751,000 0.69% SH
12 ISHARES TR 14,715 1,737,000 0.69% SH
13 TRACTOR SUPPLY CO 20,240 1,722,000 0.68% SH
14 BERKSHIRE HATHAWAY B 11,381 1,643,000 0.65% SH
15 VARIAN MED SYS I 17,245 1,623,000 0.64% SH
16 PRAXAIR INC 13,141 1,587,000 0.63% SH
17 THORATEC LABS CORP 37,200 1,558,000 0.62% SH
18 UNION PAC CORP 14,177 1,536,000 0.61% SH
19 YUM BRANDS INC 19,035 1,498,000 0.59% SH
20 THERMO FISHER SCIENTIFIC INC 11,060 1,486,000 0.59% SH
21 EXXON MOBIL CORP 17,046 1,449,000 0.57% SH
22 TEEKAY LNG PARTNERS L P 37,896 1,415,000 0.56% SH
23 ACCENTURE PLC IRELAND 15,050 1,410,000 0.56% SH
24 SPDR S&P 500 ETF TR 6,767 1,397,000 0.55% SH
25 ZOETIS INC 29,738 1,377,000 0.55% SH
26 PRECISION CASTPARTS 6,190 1,300,000 0.51% SH
27 KINDER MORGAN INC DEL 30,812 1,296,000 0.51% SH
28 AMAZON COM INC 3,405 1,267,000 0.50% SH
29 CVS HEALTH CORP 11,875 1,226,000 0.49% SH
30 LOWES COS INC 15,825 1,177,000 0.47% SH
31 ALLERGAN PLC 3,813 1,135,000 0.45% SH
32 ABBVIE INC 19,150 1,121,000 0.44% SH
33 AMERICAN TOWER CORP NEW 11,850 1,116,000 0.44% SH
34 3M CO 6,607 1,090,000 0.43% SH
35 TATA MTRS LTD 24,112 1,086,000 0.43% SH
36 ABBOTT LABS 23,045 1,068,000 0.42% SH
37 WELLS FARGO & CO NEW 19,260 1,048,000 0.41% SH
38 JPMORGAN CHASE & CO 17,116 1,037,000 0.41% SH
39 COLGATE PALMOLIVE CO 14,755 1,023,000 0.40% SH
40 SMUCKER J M CO 8,802 1,019,000 0.40% SH
41 ISHARES TR 8,700 988,000 0.39% SH
42 SANDISK CORP 15,350 977,000 0.39% SH
43 EMC 36,656 937,000 0.37% SH
44 FEDEX CORP 5,637 933,000 0.37% SH
45 NEWLINK GENETICS CORP 17,000 930,000 0.37% SH
46 NOBLE ENERGY INC 18,550 907,000 0.36% SH
47 STARBUCKS CORP 9,100 862,000 0.34% SH
48 MONDELEZ INTL INC 23,385 844,000 0.33% SH
49 JOHNSON & JOHNSON 8,250 830,000 0.33% SH
50 INFOSYS LTD-SP ADR 23,219 815,000 0.32% SH
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001346378-15-000002, filed 2015.05.04).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.