Chairman

0001346378-19-000003.txt : 20190806 0001346378-19-000003.hdr.sgml : 20190806 20190806130312 ACCESSION NUMBER: 0001346378-19-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190806 DATE AS OF CHANGE: 20190806 EFFECTIVENESS DATE: 20190806 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: 191001258 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 06-30-2019 06-30-2019 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 08-06-2019 0 165 346476 false INFORMATION TABLE 2 form13fsubmission-June19.xml 3M Company Common Stock 88579Y101 1090 6291 SH SOLE 4741 0 1550 Abbott Laboratories Common Stock 002824100 1698 20194 SH SOLE 20094 0 100 Abbvie Inc Common Stock 00287Y109 1976 27168 SH SOLE 17918 0 9250 Accenture Plc Common Stock G1151C101 2225 12041 SH SOLE 11640 0 401 Adobe Inc Common Stock 00724f101 2593 8800 SH SOLE 8400 0 400 Air Products & Chemicals - APD Common Stock 009158106 634 2800 SH SOLE 0 0 2800 Allegion Public Ltd. - ALLE Common Stock G0176J109 249 2250 SH SOLE 0 0 2250 Alphabet Inc Class A Common Stock 02079K305 1311 1211 SH SOLE 1201 0 10 Alphabet Inc Class C Common Stock 02079K107 1021 945 SH SOLE 935 0 10 Amazon.com Inc Common Stock 023135106 3371 1780 SH SOLE 1780 0 0 American Tower REIT Common Stock 03027X100 2004 9800 SH SOLE 9700 0 100 Apple Computer Inc Common Stock 037833100 4238 21415 SH SOLE 18113 0 3302 Astrazeneca PCL - AZN ADR 046353108 235 5700 SH SOLE 0 0 5700 AT&T Inc Common Stock 00206R102 511 15247 SH SOLE 9697 0 5550 Autodesk Inc Common Stock 052769106 1585 9728 SH SOLE 9728 0 0 Automatic Data Processing Inc Common Stock 053015103 471 2850 SH SOLE 350 0 2500 Bank of America Corp. - BAC Common Stock 060505104 636 21925 SH SOLE 0 0 21925 Baxter International Inc. Common Stock 071813109 449 5478 SH SOLE 578 0 4900 Berkshire Hathaway Cl A CL A 084670108 188145 591 SH SOLE 591 0 0 Berkshire Hathaway Cl B CL B 084670207 3334 15640 SH SOLE 9355 0 6285 Blackrock Inc Common Stock 09247X101 1924 4100 SH SOLE 3500 0 600 Blackstone Group Inc PRTNRSP UNITS 09260D107 517 11650 SH SOLE 11650 0 0 Boeing Co Common Stock 097023105 1110 3050 SH SOLE 100 0 2950 Bristol-Myers Squibb - BMY Common Stock 110122108 464 10234 SH SOLE 0 0 10234 Broadcom Limited Common Stock Y09827109 1726 5997 SH SOLE 5997 0 0 Brookfield Renewable Partners LP PRTNRSP UNITS G16258108 630 18221 SH SOLE 18221 0 0 Cambrex Corp. - CBM Common Stock 132011107 276 5900 SH SOLE 0 0 5900 Capital One Financial Common Stock 14040H105 1339 14757 SH SOLE 12557 0 2200 Carnival Corp Common Stock 143658300 526 11291 SH SOLE 11291 0 0 Caterpillar Inc Common Stock 149123101 596 4375 SH SOLE 100 0 4275 Celanese Corp Common Stock 150870103 1380 12800 SH SOLE 12800 0 0 Celgene Corp Common Stock 151020104 1866 20185 SH SOLE 20185 0 0 CH Robinson Worldwide Inc Common Stock 12541W209 215 2550 SH SOLE 2550 0 0 Check Point Software Technologies Common Stock M22465104 573 4960 SH SOLE 4960 0 0 Chevron Corp. Common Stock 166764100 543 4366 SH SOLE 3116 0 1250 Chubb Corp. Common Stock 171232101 567 3850 SH SOLE 3850 0 0 Cigna Corporation Common Stock 125509109 221 1400 SH SOLE 1400 0 0 Cisco Systems Inc Common Stock 17275R102 200 3660 SH SOLE 2560 0 1100 Clorox Co. - CLX Common Stock 189054109 241 1575 SH SOLE 0 0 1575 Coca Cola Co. Common Stock 191216100 300 5900 SH SOLE 2300 0 3600 Colgate Palmolive Co Common Stock 194162103 583 8130 SH SOLE 5830 0 2300 Comcast Corp Common Stock 200300101 369 8725 SH SOLE 8725 0 0 Constellation Brands Inc Common Stock 21036P108 1190 6040 SH SOLE 6040 0 0 Consumer Staples Sector SPDR Fund SPDR ETF 81369Y308 226 3900 SH SOLE 3900 0 0 Corning Inc Common Stock 219350105 356 10700 SH SOLE 200 0 10500 Costco Wholesale Corporation Common Stock 22160K105 2493 9435 SH SOLE 9135 0 300 Ctrip.com Intl Ltd ADR 22943F100 239 6466 SH SOLE 6466 0 0 Customers Bancorp Inc Common Stock 23204G100 1291 61477 SH SOLE 61477 0 0 CVS Corp Common Stock 126650100 828 15190 SH SOLE 9090 0 6100 Danaher Corp Common Stock 235851102 2462 17225 SH SOLE 17225 0 0 Diamondback Energy Common Stock 25278X109 723 6631 SH SOLE 6631 0 0 DNB Financial Corp. - DNBF Common Stock 233237106 263 5918 SH SOLE 0 0 5918 Dominion Energy Inc Common Stock 25746U109 429 5550 SH SOLE 5150 0 400 Duke Energy Corp. Common Stock 26441C105 340 3848 SH SOLE 1749 0 2099 Enterprise Products Partners Unit Ltd Partn 293792107 2992 103641 SH SOLE 94156 0 9485 Enviva Partners LP Unit Ltd Partn 29414J107 1313 41775 SH SOLE 39675 0 2100 EOG Resources Inc Common Stock 26875P101 612 6566 SH SOLE 6566 0 0 Exxon Mobil Corporation Common Stock 30231G102 1943 25352 SH SOLE 15613 0 9739 FedEx Corp Common Stock 31428X106 912 5557 SH SOLE 5557 0 0 Financial Select Sector SPDR Fund SPDR ETF 81369Y605 296 10710 SH SOLE 2400 0 8310 First Data Corp. - FDC Common Stock 32008D106 325 12000 SH SOLE 0 0 12000 Fiserv Inc. - FISV Common Stock 337738108 2051 22500 SH SOLE 0 0 22500 Foot Locker Inc. - FL Common Stock 344849104 321 7650 SH SOLE 0 0 7650 Fortive Corp Common Stock 34959J108 1653 20276 SH SOLE 20276 0 0 Gilead Sciences Inc. - GILD Common Stock 375558103 446 6600 SH SOLE 0 0 6600 Goldman Sachs Group Inc Common Stock 38141G104 1405 6865 SH SOLE 3415 0 3450 Hershey Co. - HSY Common Stock 427866108 255 1900 SH SOLE 0 0 1900 Home Depot Inc Common Stock 437076102 1217 5850 SH SOLE 3550 0 2300 Honeywell Int'l Inc. - HON Common Stock 438516106 567 3250 SH SOLE 0 0 3250 HSBC PLC Spon ADR SPON ADR NEW 404280406 254 6087 SH SOLE 6087 0 0 Icahn Enterprises LP - IEP Common Stock 451100101 630 8700 SH SOLE 0 0 8700 Icici Bank Ltd Adr ADR 45104G104 844 67031 SH SOLE 67031 0 0 Illinois Tool Works - ITW Common Stock 452308109 256 1700 SH SOLE 0 0 1700 Infosys Technologies Ltd Sponsored ADR 456788108 962 89862 SH SOLE 72862 0 17000 Ingersoll-Rand PLC - IR Common Stock G47791101 532 4200 SH SOLE 0 0 4200 Insperity Inc. - NSP Common Stock 45778Q107 1524 12480 SH SOLE 0 0 12480 Intel Corp Common Stock 458140100 941 19665 SH SOLE 3965 0 15700 Intercontinental Exchange Common Stock 45866F104 1562 18170 SH SOLE 4975 0 13195 International Business Machines Corp Common Stock 459200101 216 1569 SH SOLE 1069 0 500 iShares Global Tech - IXN iShares ETF 464287291 395 2200 SH SOLE 0 0 2200 iShares NASDAQ Biotechnology Index Fun iShares ETF 464287556 420 3850 SH SOLE 1365 0 2485 iShares Russell Midcap Index Fd iShares ETF 464287499 257 4600 SH SOLE 500 0 4100 iShares S&P Smallcap 600 S&P Smlcap 600 464287804 1895 24205 SH SOLE 20505 0 3700 iShares TIPS Bond Fund Barclys TIPS BD 464287176 629 5450 SH SOLE 5450 0 0 IShares Trust DJ Total Market iShares ETF 464287846 221 1510 SH SOLE 1510 0 0 Itau UniBanco Multiplo ADR SPONS ADR 465562106 672 71308 SH SOLE 71308 0 0 J.P. Morgan Chase & Co Common Stock 46625H100 3448 30841 SH SOLE 20491 0 10350 Johnson & Johnson Common Stock 478160104 1560 11201 SH SOLE 4250 0 6951 Jupai Holdings Ltd. - JP ADS Repstg Com 48205B107 24 10600 SH SOLE 0 0 10600 Lam Research Corporation Common Stock 512807108 1717 9140 SH SOLE 9140 0 0 Las Vegas Sands Corp Common Stock 517834107 396 6698 SH SOLE 6698 0 0 Lazard Ltd. - LAZ Common Stock G54050102 530 15400 SH SOLE 0 0 15400 Lear Corporation - LEA Common Stock 521865204 648 4650 SH SOLE 0 0 4650 Linde PLC SPONS ADR G5494J103 999 4975 SH SOLE 4975 0 0 Lowes Companies Inc Common Stock 548661107 1183 11725 SH SOLE 11725 0 0 Mastercard Inc Common Stock 57636Q104 545 2060 SH SOLE 1860 0 200 Mc Cormick & Co Inc N-Vt Common Stock 579780206 434 2800 SH SOLE 2800 0 0 McDonalds Corp. Common Stock 580135101 381 1833 SH SOLE 133 0 1700 Merck & Co Inc Common Stock 58933Y105 511 6100 SH SOLE 2050 0 4050 Metlife Inc Common Stock 59156R108 269 5407 SH SOLE 4407 0 1000 Mettler Toledo Intl Inc Common Stock 592688105 3222 3836 SH SOLE 3836 0 0 Microsoft Corp. Common Stock 594918104 3786 28262 SH SOLE 4662 0 23600 Mondelez Intl Inc Cl A Common Stock 609207105 1187 22018 SH SOLE 20318 0 1700 Nextera Energy Inc. Common Stock 65339F101 814 3974 SH SOLE 3974 0 0 Nike Inc Common Stock 654106103 2258 26898 SH SOLE 26898 0 0 Noble Energy Inc Common Stock 655044105 236 10550 SH SOLE 10550 0 0 Novo Nordisk ADR 670100205 722 14136 SH SOLE 8036 0 6100 Nvidia Corp Common Stock 67066G104 1072 6530 SH SOLE 6530 0 0 NXP Semiconductors N.V. Common Stock N6596X109 445 4559 SH SOLE 4559 0 0 Oneok Inc. Common Stock 682680103 1724 25052 SH SOLE 25052 0 0 Paccar Inc. - PCAR Common Stock 693718108 222 3100 SH SOLE 0 0 3100 Pepsico Inc. Common Stock 713448108 719 5485 SH SOLE 2500 0 2985 Pfizer Inc. Common Stock 717081103 307 7078 SH SOLE 928 0 6150 PIMCO Dynamic Income Fund - PDI PIMCO ETF 72201Y101 334 10400 SH SOLE 0 0 10400 PNC Financial Services Group Inc Common Stock 693475105 206 1500 SH SOLE 225 0 1275 Powershares DB Commodity Index Fund PWR SHRS 240225102 162 10270 SH SOLE 5900 0 4370 PPG Industries Inc Common Stock 693506107 385 3300 SH SOLE 100 0 3200 Price, T. Rowe Group - TROW Common Stock 74144T108 998 9100 SH SOLE 0 0 9100 Procter & Gamble Co. Common Stock 742718109 862 7865 SH SOLE 2940 0 4925 Progressive Corp Common Stock 743315103 430 5375 SH SOLE 5375 0 0 Prudential Financial Inc Common Stock 744320102 1007 9972 SH SOLE 9972 0 0 Ralph Lauren Corp. Cl A - RL Common Stock 751212101 375 3300 SH SOLE 0 0 3300 Raytheon Co Common Stock 755111507 776 4460 SH SOLE 4460 0 0 Royal Dutch Shell A Adrf ADR 780259206 847 13010 SH SOLE 10010 0 3000 RyanAir Holdings PLC ADR 783513203 599 9341 SH SOLE 9341 0 0 Rydex S&P Equal Weight ETF S&P 500 Eq TRD 78355W106 696 6452 SH SOLE 6452 0 0 S&P DEP Receipts Unit SER 1 78462F103 3057 10435 SH SOLE 4285 0 6150 Sarepta Therapeutics Inc. - SRPT Common Stock 803607100 501 3300 SH SOLE 0 0 3300 Schlumberger Ltd Sponsored ADR 806857108 838 21080 SH SOLE 16580 0 4500 Schwab US Div Equity ETF Schwab ETF 808524797 422 7950 SH SOLE 250 0 7700 SEI Investments Co. - SEIC Common Stock 784117103 919 16380 SH SOLE 0 0 16380 Shopify Inc Common Stock 82509L107 450 1500 SH SOLE 1500 0 0 SPDR Comm Services Select Sector - XLC SPDR ETF 81369Y852 223 4530 SH SOLE 0 0 4530 SPDR Gold Trust SPDR ETF 78463V107 213 1600 SH SOLE 1100 0 500 SPDR S&P Global Infrastructure - GII SPDR ETF 78463X855 255 4800 SH SOLE 0 0 4800 Stanley Black & Decker - SWK Common Stock 854502101 412 2850 SH SOLE 0 0 2850 Starbucks Corp Common Stock 855244109 2406 28700 SH SOLE 28700 0 0 Taiwan Semiconductor MFG Co LTD SPON A Sponsored ADR 874039100 752 19210 SH SOLE 19210 0 0 Takeda Pharmaceutical Co. Ltd. - TAK Common Stock 874060205 631 35634 SH SOLE 0 0 35634 TAL Education Group ADS Repstg Com 874080104 1175 30837 SH SOLE 30837 0 0 Tata Motors LTD Sponsored ADR 876568502 284 24336 SH SOLE 24336 0 0 Technology Select Sector SPDR Fund SPDR ETF 81369Y803 571 7315 SH SOLE 1400 0 5915 Teekay LNG Prtns PRTNRSP UNITS Y8564M105 388 27540 SH SOLE 27540 0 0 Terex Corp. - TEX Common Stock 880779103 568 18100 SH SOLE 0 0 18100 Texas Pacific Land Trust - TPL Common Stock 882610108 787 1000 SH SOLE 0 0 1000 Textron Incorporated Common Stock 883203101 382 7200 SH SOLE 7200 0 0 Thermo Fisher Scientific Common Stock 883556102 2138 7280 SH SOLE 7180 0 100 Tractor Supply Company Common Stock 892356106 1549 14235 SH SOLE 14235 0 0 Union Pacific Corp Common Stock 907818108 1793 10601 SH SOLE 10101 0 500 United Technologies Corp Common Stock 913017109 1033 7935 SH SOLE 1035 0 6900 UnitedHealth Group Inc Common Stock 91324P102 536 2195 SH SOLE 1595 0 600 Vanguard Dividend Appreciation - VIG Vang ETF 921908844 700 6075 SH SOLE 0 0 6075 Vanguard FTSE Dev Mkts ETF Vang ETF 921943858 377 9040 SH SOLE 2550 0 6490 Vanguard Mid-Cap ETF Vang ETF 922908629 581 3474 SH SOLE 784 0 2690 Vanguard Mid-Cap Growth - VOT Vang ETF 922908538 906 6065 SH SOLE 0 0 6065 Vanguard Mid-Cap Value - VOE Vang ETF 922908512 743 6670 SH SOLE 0 0 6670 Vanguard Small-Cap Value - VBR Vang ETF 922908611 304 2325 SH SOLE 0 0 2325 Verizon Communications Common Stock 92343V104 1009 17656 SH SOLE 10006 0 7650 Visa Inc. Common Stock 92826C839 3055 17605 SH SOLE 17405 0 200 Vulcan Materials - VMC Common Stock 929160109 1235 8995 SH SOLE 0 0 8995 WEC Energy Corp Common Stock 92939U106 233 2800 SH SOLE 2800 0 0 Wells Fargo & Co. Common Stock 949746101 732 15468 SH SOLE 15468 0 0 Yum China Holdings Inc Common Stock 98850P109 452 9785 SH SOLE 7685 0 2100 Yum! Brands Inc Common Stock 988498101 1085 9805 SH SOLE 7605 0 2200 Zoetis Inc Common Stock 98978V103 2445 21543 SH SOLE 19293 0 2250