0001346378-23-000002.txt : 20230210 0001346378-23-000002.hdr.sgml : 20230210 20230210111728 ACCESSION NUMBER: 0001346378-23-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230210 DATE AS OF CHANGE: 20230210 EFFECTIVENESS DATE: 20230210 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: 23609451 BUSINESS ADDRESS: STREET 1: 1001 CONSHOHOCKEN STATE RD STREET 2: SUITE 1-202 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 610-260-1555 MAIL ADDRESS: STREET 1: 1001 CONSHOHOCKEN STATE RD STREET 2: SUITE 1-202 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001346378 XXXXXXXX 12-31-2022 12-31-2022 Baldwin Investment Management, LLC

1001 CONSHOHOCKEN STATE RD SUITE 1-202 WEST CONSHOHOCKEN PA 19428

13F HOLDINGS REPORT 028-11586 N Peter H Havens 610-260-0453 Peter H Havens W. Conshohocken PA 02-10-2023 0 195 553114768 false INFORMATION TABLE 2 form13fsubmission3-Dec22.xml Abbott Laboratories Common Stock 002824100 4263143 38830 SH SOLE 38830 0 0 Abbvie Inc Common Stock 00287Y109 6139615 37990 SH SOLE 28459 0 9531 Accenture Plc Common Stock G1151C101 3622887 13577 SH SOLE 13176 0 401 Adobe Inc Common Stock 00724F101 2503110 7438 SH SOLE 7038 0 400 Air Products and Chemicals Inc Common Stock 009158106 1270339 4121 SH SOLE 1370 0 2751 Allstate Corp Common Stock 020002101 264420 1950 SH SOLE 1950 0 0 Alphabet Inc Class A Common Stock 02079K305 2912472 33010 SH SOLE 32810 0 200 Alphabet Inc Class C Common Stock 02079K107 1759960 19835 SH SOLE 19635 0 200 Amazon.com Inc Common Stock 023135106 2994348 35647 SH SOLE 35647 0 0 American Express Co Common Stock 025816109 595433 4030 SH SOLE 4030 0 0 American Tower REIT Common Stock 03027X100 2432475 11482 SH SOLE 10082 0 1400 Amgen Inc Common Stock 031162100 336179 1280 SH SOLE 1180 0 100 Aon PLC ADR G0403H108 420196 1400 SH SOLE 900 0 500 Apple Inc Common Stock 037833100 10022711 77139 SH SOLE 67931 0 9208 Ares Capital Corp Common Stock 04010L103 757827 41030 SH SOLE 41030 0 0 AstraZeneca PLC ADR 046353108 342797 5056 SH SOLE 256 0 4800 Autodesk Inc Common Stock 052769106 1518319 8125 SH SOLE 8125 0 0 Automatic Data Processing Inc Common Stock 053015103 734495 3075 SH SOLE 1425 0 1650 Baker Hughes Co Common Stock 05722G100 518252 17550 SH SOLE 17550 0 0 Bank of America Corp Common Stock 060505104 1914005 57790 SH SOLE 39650 0 18140 Berkshire Hathaway Cl A CL A 084670108 267165247 570 SH SOLE 570 0 0 Berkshire Hathaway Inc B CL B 084670702 5708163 18479 SH SOLE 13544 0 4935 Blackrock Inc Common Stock 09247X101 3694710 5214 SH SOLE 4614 0 600 Blackstone Inc PRTNRSP UNITS 09260D107 931085 12550 SH SOLE 12550 0 0 Bristol-Myers Squibb Common Stock 110122108 4560771 63388 SH SOLE 51088 0 12300 Broadcom Limited Common Stock 11135F101 5509906 9854 SH SOLE 9854 0 0 Brookfield Renewable Partners LP PRTNRSP UNITS G16258108 718440 28352 SH SOLE 28352 0 0 C S X Corp Common Stock 126408103 201370 6500 SH SOLE 6500 0 0 Cabot Corporation Common Stock 127055101 1653442 24737 SH SOLE 14177 0 10560 Canadian Pac Ltd Common Stock 13645T100 312980 4196 SH SOLE 4196 0 0 Capital One Financial Common Stock 14040H105 1512611 16272 SH SOLE 14072 0 2200 Carrier Global Corp Common Stock 14448C104 615739 14927 SH SOLE 3717 0 11210 Caterpillar Inc Common Stock 149123101 2234616 9328 SH SOLE 4826 0 4502 CH Robinson Worldwide Inc Common Stock 12541W209 206010 2250 SH SOLE 2250 0 0 Charles Schwab Corp Common Stock 808513105 773902 9295 SH SOLE 9295 0 0 Check Point Software Technologies Common Stock M22465104 421753 3343 SH SOLE 3343 0 0 Chevron Corp. 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Common Stock 26441C204 1025162 9954 SH SOLE 8054 0 1900 Eaton Corp Common Stock G29183103 1058628 6745 SH SOLE 6745 0 0 Edwards Lifesciences Corp Common Stock 28176E108 305155 4090 SH SOLE 4090 0 0 Elevance Health Inc Common Stock 036752103 333431 650 SH SOLE 650 0 0 Eli Lilly & Company Common Stock 532457108 2861610 7822 SH SOLE 7722 0 100 Enterprise Products Partners Unit Ltd Partn 293792107 4879862 202316 SH SOLE 188206 0 14110 Enviva Inc. Unit Ltd Partn 29415B103 2133367 40275 SH SOLE 39175 0 1100 EOG Resources Inc Common Stock 26875P101 233136 1800 SH SOLE 1800 0 0 Exxon Mobil Corporation Common Stock 30231G102 3165082 28695 SH SOLE 26195 0 2500 Factset Research Systems Common Stock 303075105 337418 841 SH SOLE 841 0 0 FedEx Corp Common Stock 31428X106 768264 4436 SH SOLE 4436 0 0 Financial Select Sector SPDR Fund SPDR ETF 81369Y605 302328 8840 SH SOLE 2400 0 6440 First Solar Inc Common Stock 336433107 786098 5248 SH SOLE 5248 0 0 Fiserv Inc Common Stock 337738108 2707160 26785 SH SOLE 10630 0 16155 Foot Locker Inc. - FL Common Stock 344849104 207845 5500 SH SOLE 0 0 5500 Fortive Corp Common Stock 34959J108 703216 10945 SH SOLE 10945 0 0 Freeport McMoRan Common Stock 35671D857 752362 19799 SH SOLE 9399 0 10400 General Motors Common Stock 37045V100 280894 8350 SH SOLE 8350 0 0 GlobalFoundries Inc Common Stock G39387108 1597030 29635 SH SOLE 26185 0 3450 Globus Medical Inc Common Stock 379577208 229494 3090 SH SOLE 3090 0 0 Goldman Sachs Group Inc Common Stock 38141G104 3059516 8910 SH SOLE 7010 0 1900 GXO Logistics Inc Common Stock 36262G101 471938 11055 SH SOLE 11055 0 0 Hershey Co. - HSY Common Stock 427866108 324430 1401 SH SOLE 0 0 1401 Home Depot Inc Common Stock 437076102 3667135 11610 SH SOLE 10260 0 1350 Honeywell International Common Stock 438516106 1749974 8166 SH SOLE 6616 0 1550 Icici Bank Ltd Adr ADR 45104G104 1350810 61709 SH SOLE 61709 0 0 Illinois Tool Works Inc Common Stock 452308109 352921 1602 SH SOLE 400 0 1202 Immunome, Inc. Common Stock 45257U108 56121 25394 SH SOLE 25394 0 0 Infosys Technologies Ltd Sponsored ADR 456788108 1413803 78501 SH SOLE 58501 0 20000 Insperity Inc. - NSP Common Stock 45778Q107 931520 8200 SH SOLE 0 0 8200 Intercontinental Exchange Common Stock 45866F104 1586554 15465 SH SOLE 7755 0 7710 International Business Machines Corp Common Stock 459200101 1245749 8842 SH SOLE 1379 0 7463 Intuitive Surgical Common Stock 46120E602 2163929 8155 SH SOLE 8155 0 0 Iqvia Holdings Inc Common Stock 46266C105 630037 3075 SH SOLE 2725 0 350 iShares NASDAQ Biotechnology Index Fund iShares ETF 464287556 359735 2740 SH SOLE 585 0 2155 Ishares S&P 500 Value iShares ETF 464287408 290140 2000 SH SOLE 2000 0 0 iShares S&P Smallcap 600 S&P Smlcap 600 464287804 1778286 18790 SH SOLE 16590 0 2200 iShares TIPS Bond Fund Barclys TIPS BD 464287176 553488 5200 SH SOLE 5200 0 0 Itau UniBanco Multiplo ADR SPONS ADR 465562106 328344 69712 SH SOLE 69712 0 0 J.P. Morgan Chase & Co Common Stock 46625H100 6680422 49817 SH SOLE 40461 0 9356 Jacobs Solutions Inc Common Stock 46982L108 633729 5278 SH SOLE 5278 0 0 Johnson & Johnson Common Stock 478160104 5145991 29131 SH SOLE 24205 0 4926 Kimberly Clark Corp Common Stock 494368103 1882310 13866 SH SOLE 13566 0 300 L3Harris Technologies Common Stock 502431109 1385013 6652 SH SOLE 6652 0 0 Lam Research Corp Common Stock 512807108 4386148 10436 SH SOLE 10436 0 0 Leidos Holdings Inc Common Stock 525327102 886226 8425 SH SOLE 8425 0 0 Linde PLC SPONS ADR G5494J103 5141249 15762 SH SOLE 13137 0 2625 Lockheed Martin Corp Common Stock 539830109 737032 1515 SH SOLE 1080 0 435 Lowes Companies Inc Common Stock 548661107 2513816 12617 SH SOLE 12617 0 0 Marvell Technology Group Common Stock 573874104 836548 22585 SH SOLE 22585 0 0 Mastercard Inc Common Stock 57636Q104 556368 1600 SH SOLE 1400 0 200 Mc Cormick & Co Inc N-Vt Common Stock 579780206 431028 5200 SH SOLE 5200 0 0 McDonald's Corp Common Stock 580135101 2330923 8845 SH SOLE 7644 0 1201 McKesson Corp Common Stock 58155Q103 849647 2265 SH SOLE 2265 0 0 Merck & Co Inc Common Stock 58933Y105 667031 6012 SH SOLE 3812 0 2200 Mettler Toledo Intl Inc Common Stock 592688105 2432692 1683 SH SOLE 1683 0 0 Microsoft Corp Common Stock 594918104 9222518 38456 SH SOLE 19870 0 18586 Mondelez International Common Stock 609207105 1420632 21315 SH SOLE 20715 0 600 Morgan Stanley & Co Common Stock 617446448 1677870 19735 SH SOLE 19735 0 0 Nextera Energy Common Stock 65339F101 2949975 35287 SH SOLE 35287 0 0 Nike Inc Common Stock 654106103 3310163 28290 SH SOLE 28290 0 0 Novo Nordisk ADR 670100205 1648306 12179 SH SOLE 8079 0 4100 Nucor Corp Common Stock 670346105 440904 3345 SH SOLE 3345 0 0 Nvidia Corp Common Stock 67066G104 2739127 18743 SH SOLE 18693 0 50 NXP Semiconductors N.V. Common Stock N6596X109 676842 4283 SH SOLE 4283 0 0 On Semiconductor Co Common Stock 682189105 261954 4200 SH SOLE 4200 0 0 Oracle Corp Common Stock 68389X105 792878 9700 SH SOLE 9700 0 0 Otis Worldwide Corp Common Stock 68902V107 576205 7358 SH SOLE 1508 0 5850 Parker Hannifin Corp Common Stock 701094104 203700 700 SH SOLE 700 0 0 Paychex Inc Common Stock 704326107 703183 6085 SH SOLE 6085 0 0 Pepsico Inc. Common Stock 713448108 2597349 14377 SH SOLE 10377 0 4000 Pfizer Inc. Common Stock 717081103 918682 17929 SH SOLE 15129 0 2800 Philip Morris International Common Stock 718172109 361826 3575 SH SOLE 1700 0 1875 Pioneer Natural Resources Common Stock 723787107 1618143 7085 SH SOLE 6985 0 100 PNC Financial Services Group Inc Common Stock 693475105 1850725 11718 SH SOLE 8268 0 3450 Powershares QQQ Trust QQQ Trust 46090E103 336918 1265 SH SOLE 1265 0 0 PPG Industries Inc Common Stock 693506107 324661 2582 SH SOLE 180 0 2402 Price, T. Rowe Group - TROW Common Stock 74144T108 561659 5150 SH SOLE 0 0 5150 Procter & Gamble Co. Common Stock 742718109 973621 6424 SH SOLE 3045 0 3379 Progressive Corp Common Stock 743315103 522083 4025 SH SOLE 4025 0 0 Prologis Inc Common Stock 74340W103 1869627 16585 SH SOLE 16585 0 0 Qualcomm Inc Common Stock 747525103 330370 3005 SH SOLE 3005 0 0 Ralph Lauren Corp. Cl A - RL Common Stock 751212101 211340 2000 SH SOLE 0 0 2000 Raytheon Technologies Common Stock 75513E101 4935111 48901 SH SOLE 36939 0 11962 RGC Resources Inc Common Stock 74955L103 441000 20000 SH SOLE 20000 0 0 Rockwell Automation Common Stock 773903109 665818 2585 SH SOLE 2585 0 0 RPM International Inc Common Stock 749685103 548254 5626 SH SOLE 5626 0 0 RXO ORD WI Common Stock 74982T103 282166 16405 SH SOLE 16405 0 0 RyanAir Holdings PLC ADR 783513203 688390 9208 SH SOLE 9208 0 0 Rydex S&P Equal Weight ETF S&P 500 Eq TRD 46137V357 1144684 8104 SH SOLE 8104 0 0 S&P DEP Receipts Unit SER 1 78462F103 2862489 7485 SH SOLE 2385 0 5100 S&P Global Inc S&P Global 78409V104 1208476 3608 SH SOLE 3608 0 0 Sarepta Therapeutics Inc. - SRPT Common Stock 803607100 298034 2300 SH SOLE 0 0 2300 Schwab US Dividend Equity ETF Schwab ETF 808524797 905880 11992 SH SOLE 3560 0 8432 Schwab US Small Cap ETF Schwab ETF 808524607 239280 5907 SH SOLE 3436 0 2471 SEI Investments Co. - SEIC Common Stock 784117103 285670 4900 SH SOLE 0 0 4900 SHELL ADR EACH REP 2 ORD WI ADR 780259305 499964 8779 SH SOLE 7579 0 1200 Sherwin Williams Co Common Stock 824348106 213597 900 SH SOLE 900 0 0 Shopify Inc Common Stock 82509L107 432903 12472 SH SOLE 12472 0 0 Skechers USA Inc Common Stock 830566105 306235 7300 SH SOLE 7300 0 0 Southern Company Common Stock 842587107 448098 6275 SH SOLE 6125 0 150 Spdr S&P Dividend Etf SPDR ETF 78464A763 306520 2450 SH SOLE 2000 0 450 Sportradar Group ADR H8088L103 211152 21200 SH SOLE 19725 0 1475 Starbucks Corp Common Stock 855244109 2708656 27305 SH SOLE 27305 0 0 Sysco Corp Common Stock 871829107 586754 7675 SH SOLE 7175 0 500 Taiwan Semiconductor Manufacturing ADR Sponsored ADR 874039100 1068708 14347 SH SOLE 14247 0 100 Target Corporation Common Stock 87612E106 719118 4825 SH SOLE 4825 0 0 Tata Motors LTD Sponsored ADR 876568502 504792 21843 SH SOLE 21843 0 0 Technology Select Sector SPDR Fund SPDR ETF 81369Y803 605401 4865 SH SOLE 1400 0 3465 Texas Instruments, Inc. Common Stock 882508104 666663 4035 SH SOLE 4035 0 0 Thermo Fisher Scientific Common Stock 883556102 4204582 7635 SH SOLE 6735 0 900 TJX Inc Common Stock 872540109 760180 9550 SH SOLE 9550 0 0 Tractor Supply Company Common Stock 892356106 1525297 6780 SH SOLE 4310 0 2470 Trane Technologies Plc Common Stock G8994E103 688329 4095 SH SOLE 2595 0 1500 Trip.com Group Ltd ADR 89677Q107 352738 10254 SH SOLE 10254 0 0 Ulta Beauty Inc. Common Stock 90384S303 2209320 4710 SH SOLE 4610 0 100 Union Pacific Corp Common Stock 907818108 3370271 16276 SH SOLE 16276 0 0 UnitedHealth Group Common Stock 91324P102 1339765 2527 SH SOLE 2427 0 100 Vanguard Dividend Vang ETF 921908844 700166 4611 SH SOLE 301 0 4310 Vanguard FTSE Dev Mkts ETF Vang ETF 921943858 345914 8242 SH SOLE 2962 0 5280 Vanguard FTSE Emerging Mkt ETF Vang ETF 922042858 231527 5940 SH SOLE 5940 0 0 Vanguard Large Cap Etf Vang ETF 922908637 461630 2650 SH SOLE 2600 0 50 Vanguard Mid Cap Value Vang ETF 922908512 854041 6315 SH SOLE 50 0 6265 Vanguard Mid-Cap ETF Vang ETF 922908629 480141 2356 SH SOLE 831 0 1525 Vanguard Mid-Cap Growth - VOT Vang ETF 922908538 1015464 5649 SH SOLE 0 0 5649 Vanguard Small Cap Value Vang ETF 922908611 477786 3009 SH SOLE 1049 0 1960 Verizon Communications Common Stock 92343V104 1012816 25706 SH SOLE 19995 0 5711 Vertex Pharmaceuticals Common Stock 92532F100 2400051 8311 SH SOLE 8111 0 200 Visa Inc. Common Stock 92826C839 4581427 22052 SH SOLE 21852 0 200 Vulcan Materials - VMC Common Stock 929160109 1195301 6826 SH SOLE 0 0 6826 Wal-Mart Stores Inc. Common Stock 931142103 361565 2550 SH SOLE 1750 0 800 Walt Disney Co Common Stock 254687106 666456 7671 SH SOLE 7571 0 100 Waste Management Inc Common Stock 94106L109 2243698 14302 SH SOLE 14302 0 0 WEC Energy Corp Common Stock 92939U106 253152 2700 SH SOLE 2700 0 0 Xcel Energy Inc Common Stock 98389B100 202267 2885 SH SOLE 2485 0 400 Yum China Holdings Inc Common Stock 98850P109 450043 8235 SH SOLE 8235 0 0 Yum! Brands Inc Common Stock 988498101 1128001 8807 SH SOLE 7505 0 1302 Zoetis Inc Common Stock 98978V103 3617405 24684 SH SOLE 21484 0 3200