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Baldwin Insurance Group, Inc.

BWIN
Exchange
Nasdaq
Industry
Insurance Agents, Brokers & Service
SEC CIK
0001781755

No open-market purchases or sales by Baldwin Insurance Group, Inc. insiders were filed in the last 90 days; 228 institutions reported holding it in 13F filings for Q2 2026, worth $2.38B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Baldwin Insurance Group, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
206
−2 vs. Q3 2025
Shares held
80.7M
+1.61M (+2.0%) vs. Q3 2025
Total value
$1.94B
−$291.6M (−13.1%) vs. Q3 2025
New holders
42
79 more added
Sold out
44
54 more reduced

5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BWIN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 206 institutions
Q1 2021: 113 institutionsQ2 2021: 118 institutionsQ3 2021: 137 institutionsQ4 2021: 152 institutionsQ1 2022: 148 institutionsQ2 2022: 152 institutionsQ3 2022: 150 institutionsQ4 2022: 151 institutionsQ1 2023: 144 institutionsQ2 2023: 147 institutionsQ3 2023: 153 institutionsQ4 2023: 162 institutionsQ1 2024: 172 institutionsQ2 2024: 184 institutionsQ3 2024: 219 institutionsQ4 2024: 208 institutionsQ1 2025: 221 institutionsQ2 2025: 226 institutionsQ3 2025: 213 institutionsQ4 2025: 206 institutionsQ1 2026: 218 institutionsQ2 2026: 228 institutions
Value heldQ4 2025: $1.94B
Q1 2021: $1.11BQ2 2021: $1.12BQ3 2021: $1.74BQ4 2021: $1.90BQ1 2022: $1.42BQ2 2022: $1.36BQ3 2022: $1.46BQ4 2022: $1.40BQ1 2023: $1.43BQ2 2023: $1.42BQ3 2023: $1.38BQ4 2023: $1.45BQ1 2024: $1.83BQ2 2024: $2.29BQ3 2024: $3.25BQ4 2024: $2.63BQ1 2025: $3.25BQ2 2025: $3.29BQ3 2025: $2.24BQ4 2025: $1.94BQ1 2026: $1.99BQ2 2026: $2.38B
Institutions holding BWIN and their total value by quarter
QuarterHoldersValue
Q2 2026228$2.38B
Q1 2026218$1.99B
Q4 2025206$1.94B
Q3 2025213$2.24B
Q2 2025226$3.29B
Q1 2025221$3.25B
Q4 2024208$2.63B
Q3 2024219$3.25B
Q2 2024184$2.29B
Q1 2024172$1.83B
Q4 2023162$1.45B
Q3 2023153$1.38B
Q2 2023147$1.42B
Q1 2023144$1.43B
Q4 2022151$1.40B
Q3 2022150$1.46B
Q2 2022152$1.36B
Q1 2022148$1.42B
Q4 2021152$1.90B
Q3 2021137$1.74B
Q2 2021118$1.12B
Q1 2021113$1.11B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Baldwin Insurance Group, Inc.; share changes are against Q3 2025.

Institutions holding BWIN in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
FMR LLC10,796,351$259.4M0.01%+41,107+0.4%Added
William Blair Investment Management, LLC7,543,813$181.3M0.51%+2,439,118+47.8%Added
Vanguard Group Inc6,851,874$164.7M0.00%+287,241+4.4%Added
BlackRock, Inc.5,321,162$127.9M0.00%+148,387+2.9%Added
Champlain Investment Partners, LLC3,650,410$87.7M0.89%−265,469−6.8%Reduced
Capital International Investors3,618,132$86.9M0.01%+472,703+15.0%Added
Capital Research Global Investors3,017,071$72.5M0.01%−1,496,179−33.2%Reduced
Bamco Inc3,010,428$72.3M0.20%+2250.0%Added
Bank of New York Mellon Corp2,873,887$69.1M0.01%+579,936+25.3%Added
Westwood Holdings Group Inc.2,851,518$68.5M0.56%+362,454+14.6%Added
State Street Corp2,131,619$51.2M0.00%+14,968+0.7%Added
Nomura Asset Management International Inc.1,862,656$44.8M0.07%+1,862,656New
Geode Capital Management, LLC1,738,132$41.8M0.00%+28,355+1.7%Added
Woodline Partners LP1,458,314$35.0M0.14%+1,458,314New
JPMorgan Chase & Co1,323,032$31.8M0.00%−191,083−12.6%Reduced
T. Rowe Price Investment Management, Inc.1,155,559$27.8M0.02%−1,845,451−61.5%Reduced
Dimensional Fund Advisors LP1,142,389$27.5M0.01%+43,563+4.0%Added
American Century Companies Inc993,079$23.9M0.01%+647,334+187.2%Added
Fiera Capital Corp991,213$23.8M0.08%+231,993+30.6%Added
Royal Bank of Canada901,166$21.7M0.00%−92,577−9.3%Reduced
Kennedy Capital Management, Inc.819,695$19.7M0.42%+221,457+37.0%Added
Janus Henderson Group PLC783,285$18.8M0.01%−21,933−2.7%Reduced
Venator Management LLC773,695$18.6M4.19%00.0%Unchanged
Aristotle Capital Boston, LLC738,160$17.7M0.97%+82,195+12.5%Added
UBS Group AG686,318$16.5M0.00%+205,997+42.9%Added
MetLife Investment Management619,292$14.9M0.07%+577,345+1,376.4%Added
Charles Schwab Investment Management Inc599,426$14.4M0.00%+2,613+0.4%Added
Northern Trust Corp588,576$14.1M0.00%−56,121−8.7%Reduced
Fenimore Asset Management Inc582,850$14.0M0.29%+75,793+14.9%Added
Confluence Investment Management LLC579,503$13.9M0.21%+173,390+42.7%Added
Bank of America Corp558,528$13.4M0.00%−25,710−4.4%Reduced
Philadelphia Financial Management of San Francisco, LLC556,299$13.4M2.76%+556,299New
Morgan Stanley522,958$12.6M0.00%+298,136+132.6%Added
State of Wisconsin Investment Board387,478$9.31M0.02%+24,139+6.6%Added
Goldman Sachs Group Inc379,653$9.12M0.00%+126,457+49.9%Added
Tributary Capital Management, LLC378,218$9.09M0.90%−29,508−7.2%Reduced
Milford Funds Ltd346,319$8.32M0.16%+346,319New
SEI Investments Co344,534$8.28M0.01%−58,964−14.6%Reduced
Balyasny Asset Management LLC301,576$7.25M0.01%+301,576New
Beck Mack & Oliver LLC289,775$6.96M0.13%+289,775New
SG Americas Securities, LLC279,770$6.72M0.01%+279,770New
Citadel Advisors LLC269,838$6.48M0.00%+269,838New
Frontier Capital Management Co LLC256,901$6.17M0.07%+256,901New
Nuveen, LLC242,887$5.84M0.00%+3,907+1.6%Added
New York State Common Retirement Fund219,810$5.28M0.01%00.0%Unchanged
UBS Asset Management Americas Inc190,560$4.58M0.00%+4,255+2.3%Added
Nicholas Company, Inc.185,110$4.45M0.08%+170+0.1%Added
Wells Fargo & Company179,913$4.32M0.00%+21,033+13.2%Added
Kornitzer Capital Management Inc179,519$4.31M0.09%00.0%Unchanged
MAI Capital Management178,866$4.30M0.02%+340.0%Added
Lighthouse Investment Partners, LLC176,047$4.23M0.14%+68,259+63.3%Added
Price T Rowe Associates Inc154,126$3.71M0.00%+90,700+143.0%Added
Select Equity Group, L.P.153,228$3.68M0.02%−66,913−30.4%Reduced
Summit Creek Advisors LLC148,465$3.57M0.56%−19,979−11.9%Reduced
Wealth Enhancement Advisory Services, LLC138,615$3.46M0.00%−16,127−10.4%Reduced
Swiss National Bank140,700$3.38M0.00%+3,700+2.7%Added
Pathway Financial Advisors LLC128,718$3.21M0.40%00.0%Unchanged
Rockefeller Capital Management L.P.120,622$2.90M0.01%−414,083−77.4%Reduced
Envestnet Asset Management Inc118,983$2.86M0.00%−62,183−34.3%Reduced
Barclays PLC111,314$2.67M0.00%+10,673+10.6%Added
Point72 Asset Management, L.P.109,353$2.63M0.00%−2,530−2.3%Reduced
Madison Asset Management, LLC104,282$2.51M0.03%−669−0.6%Reduced
Public Employees Retirement System of Ohio103,595$2.49M0.01%+12,965+14.3%Added
Russell Investments Group, Ltd.99,030$2.38M0.00%+14,063+16.6%Added
Laird Norton Trust Company, LLC97,991$2.35M0.05%+190.0%Added
Verition Fund Management LLC95,581$2.30M0.01%+26,387+38.1%Added
Marshall Wace, LLP87,008$2.09M0.00%+87,008New
Rhumbline Advisers86,153$2.07M0.00%−13,319−13.4%Reduced
Alliancebernstein L.P.82,143$1.97M0.00%−691−0.8%Reduced
HB Wealth Management, LLC73,748$1.77M0.01%−18,999−20.5%Reduced
Legal & General Group Plc71,968$1.73M0.00%−197−0.3%Reduced
California State Teachers Retirement System68,121$1.64M0.00%+1,628+2.4%Added
Quadrant Private Wealth Management, LLC66,901$1.61M0.26%+57,131+584.8%Added
LPL Financial LLC66,448$1.60M0.00%−2,566−3.7%Reduced
Holocene Advisors, LP63,242$1.52M0.00%+5,679+9.9%Added
Invesco Ltd.61,412$1.48M0.00%−441,427−87.8%Reduced
Deutsche Bank AG59,953$1.44M0.00%+1,925+3.3%Added
Diversified Trust Co59,802$1.44M0.03%+17,162+40.2%Added
Universal- Beteiligungs- und Servicegesellschaft mbH59,529$1.43M0.00%+2,469+4.3%Added
Smith Chas P & Associates Pa Cpas57,260$1.38M0.07%00.0%Unchanged
Sapient Capital LLC50,000$1.27M0.02%00.0%Unchanged
Boston Partners48,076$1.16M0.00%+48,076New
Bessemer Group Inc44,130$1.06M0.00%+2,325+5.6%Added
Captrust Financial Advisors43,083$1.04M0.00%+31,772+280.9%Added
Zions Bancorporation, National Association42,952$1.03M0.05%−5,818−11.9%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)41,339$993.4K0.00%00.0%Unchanged
Austin Wealth Management, LLC37,337$978.6K0.14%+8,551+29.7%Added
Walleye Capital LLC38,933$935.6K0.01%+38,933New
Twinbeech Capital LP37,773$907.7K0.06%+37,773New
Washington Trust Bank36,217$870.3K0.06%+17,378+92.2%Added
Raymond James Financial Inc34,223$822.4K0.00%+34,223New
Natixis34,000$817.0K0.00%00.0%Unchanged
CI Private Wealth, LLC33,981$816.6K0.00%−15,447−31.3%Reduced
Mirae Asset Global ETFs Holdings Ltd.33,138$796.3K0.00%+471+1.4%Added
Mariner, LLC32,736$787.2K0.00%+14,168+76.3%Added
Campbell & CO Investment Adviser LLC32,516$781.4K0.04%+32,516New
Manufacturers Life Insurance Company, The31,697$761.7K0.00%−2,576−7.5%Reduced
Cambridge Investment Research Advisors, Inc.31,149$749.0K0.00%+315+1.0%Added
Entrewealth, LLC37,337$730.7K0.33%+8,551+29.7%Added
Comerica Bank27,880$670.0K0.00%−43,688−61.0%Reduced