Baldwin Investment Management, LLC

Q2 2014 13F-HR Holdings

Location
West Conshohocken, PA
Holdings as of
6/30/2014
Date filed
8/8/2014
Form type
13F-HR
Num holdings
133
Total value ($000)
$231,328
Net value change ($000)
+5,362 (2.4%)
New positions
4
Sold out positions
7
Turnover %
1.3%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q1 2014
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ALPHABET INC CL C 697 NEW
CELG 477 31.3%
AAPL 472 25.5%
SLB 449 23.3%
SNDK 368 31.1%
TSCO 350 41.4%
OVERSEAS SHIPHOLDING GROUP INC 290 32.6%
GENESEE & WYOMING INC 281 NEW
AGG 280 NEW
EPD 276 12.9%
Top Reduces (Value $000, Stocks/ETFs)
Alphabet Inc. Class C -578 -43.5%
COACH INC -343 -100.0%
BRK-B -306 -0.2%
ATHENAHEALTH INC -288 -100.0%
MINDRAY MEDICAL INTL LTD -257 -100.0%
URBN -228 -100.0%
DIS -216 -100.0%
BRK-B -213 -12.3%
DUK -206 -100.0%
TXT -205 -39.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type