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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 (2015Q3)
Portfolio Summary: 128 holdings with a total value of $227,022,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 679 132,568,000 58.39% SH
2 APPLE INC 27,370 3,019,000 1.33% SH
3 NIKE INC 19,877 2,444,000 1.08% SH
4 THORATEC LABS CORP 37,100 2,347,000 1.03% SH
5 CELGENE CORP 21,660 2,343,000 1.03% SH
6 VISA INC 29,300 2,041,000 0.90% SH
7 DANAHER CORP DEL 20,755 1,769,000 0.78% SH
8 TRACTOR SUPPLY CO 20,705 1,746,000 0.77% SH
9 AMAZON COM INC 3,330 1,705,000 0.75% SH
10 METTLER-TOLEDO 5,869 1,671,000 0.74% SH
11 COSTCO WHSL CORP NEW 11,455 1,656,000 0.73% SH
12 ISHARES TR 14,715 1,568,000 0.69% SH
13 ENTERPRISE PRODS PARTNERS L 62,200 1,549,000 0.68% SH
14 ACCENTURE PLC IRELAND 15,235 1,497,000 0.66% SH
15 QUALCOMM INC 27,650 1,486,000 0.65% SH
16 SCHLUMBERGER LTD 21,470 1,481,000 0.65% SH
17 YUM BRANDS INC 18,485 1,478,000 0.65% SH
18 BERKSHIRE HATHAWAY B 11,086 1,446,000 0.64% SH
19 THERMO FISHER SCIENTIFIC INC 11,015 1,347,000 0.59% SH
20 PRAXAIR INC 12,891 1,313,000 0.58% SH
21 UNION PAC CORP 14,552 1,287,000 0.57% SH
22 EXXON MOBIL CORP 16,806 1,250,000 0.55% SH
23 ZOETIS INC 29,959 1,234,000 0.54% SH
24 SPDR S&P 500 ETF TR 6,367 1,220,000 0.54% SH
25 ALLERGAN PLC 4,441 1,207,000 0.53% SH
26 JPMORGAN CHASE & CO 19,631 1,197,000 0.53% SH
27 ABBVIE INC 20,135 1,096,000 0.48% SH
28 STARBUCKS CORP 19,200 1,091,000 0.48% SH
29 LOWES COS INC 15,675 1,080,000 0.48% SH
30 CVS HEALTH CORP 11,150 1,076,000 0.47% SH
31 AMERICAN TOWER CORP NEW 11,835 1,041,000 0.46% SH
32 TEEKAY LNG PARTNERS L P 41,563 994,000 0.44% SH
33 WELLS FARGO & CO NEW 19,360 994,000 0.44% SH
34 SMUCKER J M CO 8,702 993,000 0.44% SH
35 MONDELEZ INTL INC 23,345 977,000 0.43% SH
36 ISHARES TR 8,700 963,000 0.42% SH
37 COLGATE PALMOLIVE CO 14,670 931,000 0.41% SH
38 ABBOTT LABS 22,925 922,000 0.41% SH
39 3M CO 6,457 915,000 0.40% SH
40 KINDER MORGAN INC DEL 32,547 901,000 0.40% SH
41 EMC 36,656 886,000 0.39% SH
42 INFOSYS LTD-SP ADR 46,204 882,000 0.39% SH
43 ALPHABET INC 1,347 860,000 0.38% SH
44 FEDEX CORP 5,807 836,000 0.37% SH
45 SANDISK CORP 15,330 833,000 0.37% SH
46 PRECISION CASTPARTS 3,570 820,000 0.36% SH
47 ALPHABET INC 1,310 797,000 0.35% SH
48 CELANESE 12,905 764,000 0.34% SH
49 JOHNSON & JOHNSON 8,000 747,000 0.33% SH
50 CAPITAL ONE FINL CORP 9,870 716,000 0.32% SH
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001346378-15-000004, filed 2015.11.12).

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.