Chairman

0001346378-18-000004.txt : 20181109 0001346378-18-000004.hdr.sgml : 20181109 20181109161203 ACCESSION NUMBER: 0001346378-18-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181109 DATE AS OF CHANGE: 20181109 EFFECTIVENESS DATE: 20181109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baldwin Investment Management, LLC CENTRAL INDEX KEY: 0001346378 IRS NUMBER: 233004562 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11586 FILM NUMBER: 181173217 BUSINESS ADDRESS: STREET 1: 100 FOUR FALLS CORPORATE CENTER STREET 2: SUITE 202 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 610-260-1555 MAIL ADDRESS: STREET 1: 100 FOUR FALLS CORPORATE CENTER STREET 2: SUITE 202 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001346378 XXXXXXXX 09-30-2018 09-30-2018 Baldwin Investment Management, LLC

100 FOUR FALLS CORPORATE CENTER SUITE 202 WEST CONSHOHOCKEN PA 19428

13F HOLDINGS REPORT 028-11586 N Peter H Havens Chairman 610-260-0453 Peter H Havens W Conshohocken PA 11-09-2018 0 170 349174 false INFORMATION TABLE 2 form13fsubmission-sept18.xml 3M Company Common Stock 88579Y101 1457 6916 SH SOLE 5416 0 1500 Abbott Laboratories Common Stock 002824100 1487 20269 SH SOLE 20169 0 100 Abbvie Inc Common Stock 00287Y109 2570 27168 SH SOLE 18368 0 8800 Accenture Plc Common Stock G1151C101 2092 12291 SH SOLE 11890 0 401 Adobe Inc Common Stock 00724f101 2470 9150 SH SOLE 8750 0 400 Air Products & Chemicals - APD Common Stock 009158106 468 2800 SH SOLE 0 0 2800 Allegion Public Ltd. - ALLE ORD G0176J109 204 2250 SH SOLE 0 0 2250 Alphabet Inc Class A Common Stock 02079K305 1462 1211 SH SOLE 1201 0 10 Alphabet Inc Class C Common Stock 02079K107 1140 955 SH SOLE 945 0 10 Amazon.com Inc Common Stock 023135106 3726 1860 SH SOLE 1860 0 0 American Tower REIT Common Stock 03027X100 1468 10100 SH SOLE 10000 0 100 Apache Corp Common Stock 037411105 215 4518 SH SOLE 4518 0 0 Apple Computer Inc Common Stock 037833100 5449 24140 SH SOLE 20738 0 3402 Astrazeneca PCL - AZN ADR 046353108 218 5500 SH SOLE 0 0 5500 AT&T Inc Common Stock 00206R102 497 14797 SH SOLE 9697 0 5100 Autodesk Inc Common Stock 052769106 1565 10028 SH SOLE 10028 0 0 Automatic Data Processing Inc Common Stock 053015103 429 2850 SH SOLE 350 0 2500 Bank of America Corp. - BAC Common Stock 060505104 787 26725 SH SOLE 0 0 26725 Bank of New York Mellon Corp. - BK Common Stock 064058100 229 4500 SH SOLE 0 0 4500 Baxter International Inc. Common Stock 071813109 422 5478 SH SOLE 578 0 4900 Berkshire Hathaway Cl A CL A 084670108 190400 595 SH SOLE 595 0 0 Berkshire Hathaway Cl B CL B 084670207 3308 15450 SH SOLE 9165 0 6285 Blackrock Inc Common Stock 09247X101 1817 3855 SH SOLE 3330 0 525 Blackstone Group Lp PRTNRSP UNITS 09253U108 430 11300 SH SOLE 11300 0 0 Boeing Co Common Stock 097023105 1134 3050 SH SOLE 100 0 2950 Bristol-Myers Squibb - BMY Common Stock 110122108 255 4109 SH SOLE 0 0 4109 Broadcom Limited Common Stock Y09827109 1545 6262 SH SOLE 6262 0 0 Brookfield Renewable Partners LP PRTNRSP UNITS G16258108 551 18221 SH SOLE 18221 0 0 Cambrex Corp. - CBM Common Stock 132011107 376 5500 SH SOLE 0 0 5500 Capital One Financial Common Stock 14040H105 1420 14957 SH SOLE 12757 0 2200 Carnival Corp Common Stock 143658300 720 11291 SH SOLE 11291 0 0 Caterpillar Inc Common Stock 149123101 652 4275 SH SOLE 100 0 4175 Celanese Corp Common Stock 150870103 1493 13100 SH SOLE 13100 0 0 Celgene Corp Common Stock 151020104 1771 19785 SH SOLE 19785 0 0 CH Robinson Worldwide Inc Common Stock 12541W209 250 2550 SH SOLE 2550 0 0 Check Point Software Technologies Common Stock M22465104 572 4860 SH SOLE 4860 0 0 Chevron Corp. Common Stock 166764100 540 4416 SH SOLE 3266 0 1150 Chubb Corp. Common Stock 171232101 521 3900 SH SOLE 3900 0 0 Clorox Co. - CLX Common Stock 189054109 312 2075 SH SOLE 0 0 2075 Coca Cola Co. Common Stock 191216100 263 5700 SH SOLE 2300 0 3400 Colgate Palmolive Co Common Stock 194162103 544 8130 SH SOLE 5830 0 2300 Constellation Brands Inc Common Stock 21036P108 613 2845 SH SOLE 2845 0 0 Consumer Staples Sector SPDR Fund SBI Cons STPLS 81369Y308 210 3900 SH SOLE 3900 0 0 Corning Inc Common Stock 219350105 378 10700 SH SOLE 200 0 10500 Costco Wholesale Corporation Common Stock 22160K105 2337 9950 SH SOLE 9650 0 300 Ctrip.com Intl Ltd ADR 22943F100 240 6466 SH SOLE 6466 0 0 Customers Bancorp Inc Common Stock 23204G100 1447 61477 SH SOLE 61477 0 0 CVS Corp Common Stock 126650100 983 12488 SH SOLE 8988 0 3500 Danaher Corp Common Stock 235851102 1991 18325 SH SOLE 18325 0 0 DNB Financial Corp. - DNBF Common Stock 233237106 218 5918 SH SOLE 0 0 5918 Dominion Resources Inc Common Stock 25746U109 401 5700 SH SOLE 5300 0 400 Duke Energy Corp. Common Stock 26441C105 236 2949 SH SOLE 1749 0 1200 Energen Corp Common Stock 29265N108 887 10291 SH SOLE 10291 0 0 Energy Select Sector SPDR Fund SPDR ETF 81369Y506 216 2855 SH SOLE 375 0 2480 Enterprise Products Partners Unit Ltd Partn 293792107 2786 96956 SH SOLE 96356 0 600 Enviva Partners LP Unit Ltd Partn 29414J107 1262 39675 SH SOLE 39675 0 0 EOG Resources Inc Common Stock 26875P101 847 6641 SH SOLE 6641 0 0 Exxon Mobil Corporation Common Stock 30231G102 2144 25214 SH SOLE 15863 0 9351 Facebook Inc Common Stock 30303M102 309 1880 SH SOLE 1730 0 150 FedEx Corp Common Stock 31428X106 1260 5232 SH SOLE 5232 0 0 Financial Select Sector SPDR Fund SPDR ETF 81369Y605 271 9815 SH SOLE 2400 0 7415 Fiserv Inc. - FISV Common Stock 337738108 2010 24400 SH SOLE 0 0 24400 Flex Pharma - FLKS Common Stock 33938A105 10 22500 SH SOLE 0 0 22500 Foot Locker Inc. - FL Common Stock 344849104 477 9350 SH SOLE 0 0 9350 Fortive Corp Common Stock 34959J108 1725 20488 SH SOLE 20488 0 0 Franklin Resources - BEN Common Stock 354613101 201 6600 SH SOLE 0 0 6600 Gilead Sciences Inc Common Stock 375558103 618 8000 SH SOLE 800 0 7200 Goldman Sachs Group Inc Common Stock 38141G104 1579 7040 SH SOLE 3590 0 3450 Home Depot Inc Common Stock 437076102 1176 5675 SH SOLE 3475 0 2200 Honeywell Int'l Inc. - HON Common Stock 438516106 516 3100 SH SOLE 0 0 3100 HSBC PLC Spon ADR SPON ADR NEW 404280406 268 6087 SH SOLE 6087 0 0 Icahn Enterprises LP - IEP Common Stock 451100101 621 8785 SH SOLE 0 0 8785 Icici Bank Ltd Adr ADR 45104G104 569 67031 SH SOLE 67031 0 0 Illinois Tool Works - ITW Common Stock 452308109 240 1700 SH SOLE 0 0 1700 Infosys Technologies Ltd Sponsored ADR 456788108 858 84362 SH SOLE 72862 0 11500 Ingersoll-Rand PLC - IR Common Stock G47791101 450 4400 SH SOLE 0 0 4400 Insperity Inc. - NSP Common Stock 45778Q107 1236 10480 SH SOLE 0 0 10480 Intel Corp Common Stock 458140100 795 16815 SH SOLE 3965 0 12850 Intercontinental Exchange Common Stock 45866F104 1379 18420 SH SOLE 4775 0 13645 International Business Machines Cor Common Stock 459200101 298 1969 SH SOLE 1269 0 700 iShares Frontier Fund MSCI Frntr 464286145 213 7478 SH SOLE 7478 0 0 iShares Global Tech - IXN iShares ETF 464287291 377 2150 SH SOLE 0 0 2150 iShares MSCI Emerging Markets Index iShares ETF 464287234 283 6590 SH SOLE 100 0 6490 iShares NASDAQ Biotechnology Index iShares ETF 464287556 444 3640 SH SOLE 1230 0 2410 iShares Russell Midcap Index Fd iShares ETF 464287499 270 1225 SH SOLE 175 0 1050 iShares S&P Smallcap 600 S&P Smlcap 600 464287804 2384 27325 SH SOLE 23625 0 3700 iShares TIPS Bond Fund Barclys TIPS BD 464287176 756 6832 SH SOLE 6650 0 182 IShares Trust DJ Total Market iShares ETF 464287846 220 1510 SH SOLE 1510 0 0 Itau UniBanco Multiplo ADR SPONS ADR 465562106 522 47540 SH SOLE 47540 0 0 J.P. Morgan Chase & Co Common Stock 46625H100 3284 29106 SH SOLE 20356 0 8750 Johnson & Johnson Common Stock 478160104 1783 12901 SH SOLE 6350 0 6551 Lam Research Corporation Common Stock 512807108 1417 9340 SH SOLE 9340 0 0 Las Vegas Sands Corp Common Stock 517834107 397 6698 SH SOLE 6698 0 0 Lazard Ltd. - LAZ Common Stock G54050102 729 15150 SH SOLE 0 0 15150 Lear Corporation - LEA Common Stock 521865204 689 4750 SH SOLE 0 0 4750 Lowes Companies Inc Common Stock 548661107 1587 13825 SH SOLE 13825 0 0 Mastercard Inc Common Stock 57636Q104 445 2000 SH SOLE 1800 0 200 Mc Cormick & Co Inc N-Vt Common Stock 579780206 369 2800 SH SOLE 2800 0 0 McDonalds Corp. Common Stock 580135101 269 1608 SH SOLE 158 0 1450 Merck & Co Inc Common Stock 58933Y105 392 5530 SH SOLE 2050 0 3480 Metlife Inc Common Stock 59156R108 253 5407 SH SOLE 4407 0 1000 Mettler Toledo Intl Inc Common Stock 592688105 2690 4417 SH SOLE 4417 0 0 Microsoft Corp. Common Stock 594918104 3334 29152 SH SOLE 4652 0 24500 Mondelez Intl Inc Cl A Common Stock 609207105 967 22518 SH SOLE 20568 0 1950 Nextera Energy Inc. Common Stock 65339F101 674 4024 SH SOLE 4024 0 0 Nike Inc Common Stock 654106103 2624 30973 SH SOLE 30973 0 0 Noble Energy Inc Common Stock 655044105 381 12200 SH SOLE 12200 0 0 Novo Nordisk ADR 670100205 619 13136 SH SOLE 8036 0 5100 Nvidia Corp Common Stock 67066G104 1062 3780 SH SOLE 3780 0 0 NXP Semiconductors N.V. Common Stock N6596X109 377 4409 SH SOLE 4409 0 0 Oneok Inc. Common Stock 682680103 1698 25052 SH SOLE 25052 0 0 Owens Corning - OC Common Stock 690742101 263 4850 SH SOLE 0 0 4850 Paccar Inc. - PCAR Common Stock 693718108 211 3100 SH SOLE 0 0 3100 Penske Automotive Group Inc. - PAG Common Stock 70959W103 313 6600 SH SOLE 0 0 6600 Pepsico Inc. Common Stock 713448108 537 4800 SH SOLE 2600 0 2200 Pfizer Inc. Common Stock 717081103 327 7428 SH SOLE 928 0 6500 PIMCO Dynamic Income Fund - PDI PIMCO ETF 72201Y101 358 10700 SH SOLE 0 0 10700 Powershares DB Commodity Index Fund PWR SHRS 240225102 185 10270 SH SOLE 5900 0 4370 Powershs Water Resources Ptf Water Resource 73935X575 274 8625 SH SOLE 8625 0 0 PPG Industries Inc Common Stock 693506107 273 2500 SH SOLE 100 0 2400 Praxair Inc Common Stock 74005P104 840 5225 SH SOLE 5125 0 100 Price, T. Rowe Group - TROW Common Stock 74144T108 1048 9600 SH SOLE 0 0 9600 Procter & Gamble Co. Common Stock 742718109 657 7890 SH SOLE 3090 0 4800 Progressive Corp Common Stock 743315103 369 5200 SH SOLE 5200 0 0 Prudential Financial Inc Common Stock 744320102 1051 10375 SH SOLE 10375 0 0 Qualcomm Inc Common Stock 747525103 1130 15683 SH SOLE 15683 0 0 Ralph Lauren Corp. Cl A - RL Common Stock 751212101 468 3400 SH SOLE 0 0 3400 Raytheon Co Common Stock 755111507 669 3235 SH SOLE 3235 0 0 Royal Dutch Shell A Adrf ADR 780259206 861 12635 SH SOLE 9435 0 3200 RyanAir Holdings PLC ADR 783513203 868 9041 SH SOLE 9041 0 0 Rydex S&P Equal Weight ETF S&P 500 Eq TRD 78355W106 678 6350 SH SOLE 6350 0 0 S&P DEP Receipts Unit SER 1 78462F103 3300 11350 SH SOLE 5300 0 6050 Sarepta Therapeutics Inc. - SRPT Common Stock 803607100 533 3300 SH SOLE 0 0 3300 Schlumberger Ltd Sponsored ADR 806857108 1346 22090 SH SOLE 17390 0 4700 Schwab US Div Equity ETF Schwab ETF 808524797 421 7950 SH SOLE 250 0 7700 SEI Investments Co. - SEIC Common Stock 784117103 995 16280 SH SOLE 0 0 16280 Shire Plc Adr ADR 82481R106 1373 7573 SH SOLE 1773 0 5800 Shopify Inc Common Stock 82509L107 436 2650 SH SOLE 2650 0 0 SPDR Comm Services Select Sector - XLC SPDR ETF 81369Y852 225 4600 SH SOLE 0 0 4600 SPDR S&P Global Infrastructure - GII SPDR ETF 78463X855 234 4840 SH SOLE 0 0 4840 Stanley Black & Decker - SWK Common Stock 854502101 381 2600 SH SOLE 0 0 2600 Starbucks Corp Common Stock 855244109 1688 29700 SH SOLE 29700 0 0 Taiwan Semiconductor MFG Co LTD SPO Sponsored ADR 874039100 1160 26270 SH SOLE 26270 0 0 TAL Education Group ADS Repstg Com 874080104 796 30965 SH SOLE 30965 0 0 Tata Motors LTD Sponsored ADR 876568502 379 24652 SH SOLE 24652 0 0 Technology Select Sector SPDR Fund SPDR ETF 81369Y803 547 7265 SH SOLE 1400 0 5865 Teekay LNG Prtns PRTNRSP UNITS Y8564M105 326 19540 SH SOLE 19540 0 0 Terex Corp. - TEX Common Stock 880779103 678 17000 SH SOLE 0 0 17000 Texas Pacific Land Trust - TPL Common Stock 882610108 863 1000 SH SOLE 0 0 1000 Textron Incorporated Common Stock 883203101 515 7200 SH SOLE 7200 0 0 Thermo Fisher Scientific Common Stock 883556102 2007 8222 SH SOLE 8122 0 100 Tractor Supply Company Common Stock 892356106 1321 14535 SH SOLE 14535 0 0 Union Pacific Corp Common Stock 907818108 1895 11636 SH SOLE 11136 0 500 United Technologies Corp Common Stock 913017109 544 3890 SH SOLE 40 0 3850 UnitedHealth Group Inc Common Stock 91324P102 299 1125 SH SOLE 525 0 600 Vale S.A. ADR 91912E105 172 11590 SH SOLE 1590 0 10000 Vanguard Dividend Appreciation - VIG Vang ETF 921908844 696 6285 SH SOLE 0 0 6285 Vanguard FTSE Dev Mkts ETF Vang ETF 921943858 395 9130 SH SOLE 2550 0 6580 Vanguard FTSE Emerging Mkt ETF Emg Mkt EFT 922042858 218 5315 SH SOLE 4715 0 600 Vanguard Mid-Cap ETF Vang ETF 922908629 561 3414 SH SOLE 774 0 2640 Vanguard Mid-Cap Growth - VOT Vang ETF 922908538 864 6065 SH SOLE 0 0 6065 Vanguard Mid-Cap Value - VOE Vang ETF 922908512 749 6620 SH SOLE 0 0 6620 Vanguard Small-Cap Value - VBR Vang ETF 922908611 309 2215 SH SOLE 0 0 2215 Verizon Communications Common Stock 92343V104 971 18193 SH SOLE 10843 0 7350 Visa Inc. Common Stock 92826C839 2918 19439 SH SOLE 19239 0 200 Vulcan Materials - VMC Common Stock 929160109 645 5800 SH SOLE 0 0 5800 Wells Fargo & Co. Common Stock 949746101 866 16468 SH SOLE 16468 0 0 Yum China Holdings Inc Common Stock 98850P109 344 9785 SH SOLE 7685 0 2100 Yum! Brands Inc Common Stock 988498101 891 9805 SH SOLE 7605 0 2200 Zoetis Inc Common Stock 98978V103 2133 23293 SH SOLE 22093 0 1200