Baldwin Insurance Group, Inc. (BWIN) shareholders
BWINNasdaqInsurance Agents, Brokers & ServiceFiscal year ends December 31
$32.05+0.01 (+0.03%)
Close on Nov 13, 2026Market cap $4.47BP/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
64.1%
89M of 139M shares
Institutional holders
227
39 new, 25 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
2 buys · 12 sales
Net sold $12.25M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| L. Lowry Baldwin Joint filing with Bigh, LLC (11.40%) | 19,938,909 | 17.00% | 13G (passive) amendment | Mar 31, 2026 |
| FMR LLC Joint filing with Abigail P. Johnson (15.00%) | 10,697,221 | 15.00% | 13G (passive) amendment | Sep 30, 2025 |
| Glazer Capital, LLC Joint filing with Paul J. Glazer (5.35%) | 5,179,906 | 5.35% | 13G (passive) | Sep 18, 2026 |
| BlackRock, Inc. | 4,612,410 | 7.20% | 13G (passive) amendment | Dec 31, 2023 |
| Champlain Investment Partners, LLC | 3,915,879 | 5.50% | 13G (passive) | Sep 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BWIN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| FMR LLC | 14,752,216 | 10.58% | $392.11M | +798,154 | 0.02% |
| BlackRock, Inc. | 7,251,950 | 5.20% | $192.76M | +600,650 | 0.00% |
| William Blair Investment Management, LLC | 6,732,965 | 4.83% | $178.96M | −61,527 | 0.54% |
| Vanguard Portfolio Management LLC | 3,262,912 | 2.34% | $86.73M | −212,219 | 0.00% |
| Vanguard Capital Management LLC | 3,166,381 | 2.27% | $84.16M | −298,538 | 0.00% |
| Bank of New York Mellon Corp | 3,077,351 | 2.21% | $81.80M | −840,736 | 0.01% |
| Bamco Inc /Ny/ | 2,712,386 | 1.94% | $72.10M | +2,318 | 0.11% |
| State Street Corp | 2,665,874 | 1.91% | $70.83M | +192,620 | 0.00% |
| Geode Capital Management, LLC | 2,339,453 | 1.68% | $62.19M | +188,420 | 0.00% |
| Morgan Stanley | 2,277,033 | 1.63% | $60.52M | +473,826 | 0.00% |
| Woodline Partners LP | 2,264,135 | 1.62% | $60.18M | +1,774,195 | 0.19% |
| Frontier Capital Management Co LLC | 2,097,658 | 1.50% | $55.76M | +995,206 | 0.52% |
| T. Rowe Price Investment Management, Inc. | 2,010,989 | 1.44% | $53.45M | +438,186 | 0.04% |
| Westwood Holdings Group Inc | 1,938,370 | 1.39% | $51.52M | −638,826 | 0.39% |
| Nomura Asset Management International Inc. | 1,912,711 | 1.37% | $50.84M | −67,172 | 0.08% |
| Capital International Investors | 1,690,697 | 1.21% | $44.94M | +47,140 | 0.01% |
| UBS Group AG | 1,641,349 | 1.18% | $43.63M | +374,524 | 0.01% |
| Annis Gardner Whiting Capital Advisors, LLC | 1,582,587 | 1.13% | $42.07M | −134,951 | 6.31% |
| Dimensional Fund Advisors LP | 1,346,168 | 0.97% | $35.78M | +12,297 | 0.01% |
| Capital Research Global Investors | 1,308,203 | 0.94% | $34.77M | −234,646 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 227 | 89M | 64.1% | 39 / 70 | 77 / 25 | 11M | 10M |
| Q1 2026 | 218 | 90M | 64.9% | 46 / 91 | 51 / 30 | 29M | 13M |
| Q4 2025 | 206 | 81M | 58.2% | 42 / 80 | 53 / 44 | 14M | 13M |
| Q3 2025 | 213 | 81M | 57.9% | 31 / 68 | 77 / 42 | 10M | 7M |
| Q2 2025 | 226 | 78M | 55.8% | 32 / 93 | 68 / 26 | 8M | 3M |
| Q1 2025 | 221 | 73M | 52.1% | 39 / 85 | 62 / 22 | 8M | 3M |
| Q4 2024 | 208 | 68M | 48.6% | 28 / 82 | 65 / 37 | 9M | 8M |
| Q3 2024 | 219 | 66M | 47.7% | 50 / 62 | 76 / 14 | 13M | 7M |
| Q2 2024 | 184 | 65M | 46.3% | 40 / 73 | 46 / 26 | 5M | 4M |
| Q1 2024 | 172 | 64M | 45.6% | 32 / 52 | 62 / 22 | 6M | 3M |
| Q4 2023 | 162 | 61M | 43.7% | 32 / 57 | 52 / 21 | 9M | 7M |
| Q3 2023 | 153 | 59M | 42.5% | 15 / 58 | 55 / 9 | 6M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
214 funds held BWIN in Q2 2026, 27% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of BWIN | Value | % of fund | As of |
|---|---|---|---|---|---|
| Strategic Advisers Fidelity U.S. Total Stock Fund | 3,697,792 | 2.65% | $71.81M | 0.03% | May 31, 2026 |
| SMALLCAP World Fund Inc | 2,916,599 | 2.09% | $77.52M | 0.08% | Jun 30, 2026 |
| Baron Small Cap Fund | 2,700,000 | 1.94% | $71.77M | 2.52% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,555,851 | 1.83% | $67.93M | 0.08% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,173,804 | 1.56% | $57.78M | 0.00% | Jun 30, 2026 |
| Fidelity Balanced Fund | 2,026,641 | 1.45% | $39.36M | 0.06% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 1,563,988 | 1.12% | $41.57M | 0.02% | Jun 30, 2026 |
| Nomura Small Cap Core Fund | 1,551,313 | 1.11% | $30.13M | 0.55% | May 29, 2026 |
| Fidelity Small Cap Value Fund | 1,162,119 | 0.83% | $32.24M | 0.59% | Jul 31, 2026 |
| Fidelity U.S. Equity Central Fund | 1,083,300 | 0.78% | $28.79M | 0.12% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,071,840 | 0.77% | $29.73M | 0.09% | Jul 31, 2026 |
| T. Rowe Price Small-Cap Value Fund, Inc. | 1,066,984 | 0.76% | $28.36M | 0.27% | Jun 30, 2026 |
| BNY Mellon Small/Mid Cap Growth Fund | 1,054,196 | 0.76% | $28.02M | 3.23% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 914,371 | 0.66% | $24.30M | 0.02% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 905,379 | 0.65% | $24.06M | 0.16% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Trevor Baldwin | Chief Executive Officer, Director | 2,074,613 | 1.49% | Mar 17, 2026 |
| Willis Johnathan Daniel | Interim CAO | 38,553 | 0.03% | Jun 17, 2026 |
| Seth Bala Cohen | General Counsel | 14,024 | 0.01% | May 15, 2026 |
| Bradford Hale | Chief Financial Officer | 184,501 | 0.13% | Apr 3, 2026 |
| Corbyn N. Lichon | Chief Accounting Officer | 57,291 | 0.04% | Apr 3, 2026 |
| James Morgan Roche | See Remarks | 1,104,223 | 0.79% | Mar 17, 2026 |
| Daniel Galbraith | See Remarks | 1,264,880 | 0.91% | Mar 17, 2026 |
| Lowry Baldwin | Director, 10% owner | 12,545,940 | 8.99% | Oct 16, 2026 |
| Chris Thomas Sullivan | Director | 86,506 | 0.06% | Oct 2, 2026 |
| Myron K. Williams | Director | 15,269 | 0.01% | Oct 2, 2026 |
| Joseph John Kadow | Director | 25,424 | 0.02% | Oct 2, 2026 |
| Sunita Parasuraman | Director | 15,269 | 0.01% | Oct 2, 2026 |
| Sathish Muthukrishnan | Director | 11,078 | 0.01% | Oct 2, 2026 |
| Paul Eugene Sparks | Director | 1,114,397 | 0.80% | Oct 2, 2026 |
| Jay A. Cohen | Director | 19,447 | 0.01% | Oct 2, 2026 |
| Ellyn Shook | Director | 15,269 | 0.01% | Oct 2, 2026 |
| Barbara Ruth Matas | Director | 20,424 | 0.01% | Oct 2, 2026 |
| Elizabeth Krystyn | – | 1,198,100 | 0.86% | May 8, 2026 |
| Bigh, Llc | 10% owner | 12,537,590 | 8.99% | Mar 4, 2026 |
| Laura Sherman | – | 2,237,544 | 1.60% | Apr 3, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Lowry Baldwin Director, 10% owner | Oct 14, 2026 | Inheritance | +8,350 | – | – | 8,350 |
| Paul Eugene Sparks Director | Oct 1, 2026 | Tax withholding | −244 | $31.77 | $7.75K | 2,862 |
| Paul Eugene Sparks Director | Oct 1, 2026 | Award | +824 | – | – | 3,106 |
| Sathish Muthukrishnan Director | Oct 1, 2026 | Award | +824 | – | – | 11,078 |
| Sunita Parasuraman Director | Oct 1, 2026 | Award | +824 | – | – | 15,269 |
| Myron K. Williams Director | Oct 1, 2026 | Award | +824 | – | – | 15,269 |
| Jay A. Cohen Director | Oct 1, 2026 | Award | +824 | – | – | 19,447 |
| Barbara Ruth Matas Director | Oct 1, 2026 | Award | +824 | – | – | 20,424 |
| Ellyn Shook Director | Oct 1, 2026 | Award | +824 | – | – | 15,269 |
| Joseph John Kadow Director | Oct 1, 2026 | Award | +824 | – | – | 20,424 |
| Chris Thomas Sullivan Director | Oct 1, 2026 | Award | +824 | – | – | 86,506 |
| Chris Thomas Sullivan Director | Jul 1, 2026 | Award | +1,207 | – | – | 85,682 |
| Barbara Ruth Matas Director | Jul 1, 2026 | Award | +1,207 | – | – | 19,600 |
| Paul Eugene Sparks Director | Jul 1, 2026 | Tax withholding | −416 | $26.91 | $11.19K | 2,282 |
| Paul Eugene Sparks Director | Jul 1, 2026 | Award | +1,207 | – | – | 2,698 |
| Sunita Parasuraman Director | Jul 1, 2026 | Award | +1,207 | – | – | 14,445 |
| Joseph John Kadow Director | Jul 1, 2026 | Award | +1,207 | – | – | 19,600 |
| Sathish Muthukrishnan Director | Jul 1, 2026 | Award | +1,207 | – | – | 10,254 |
| Jay A. Cohen Director | Jul 1, 2026 | Award | +1,207 | – | – | 18,623 |
| Ellyn Shook Director | Jul 1, 2026 | Award | +1,207 | – | – | 14,445 |
| Myron K. Williams Director | Jul 1, 2026 | Award | +1,207 | – | – | 14,445 |
| Seth Bala Cohen General Counsel | May 14, 2026 | Sale | −15,000 | $20.01 | $300.15K | 14,024 |
| Elizabeth Krystyn – | May 7, 2026 | Sale | −31,740 | $21.18 | $672.25K | 0 |
| Elizabeth Krystyn – | May 7, 2026 | Sale | −98,278 | $21.20 | $2.08M | 0 |
| Elizabeth Krystyn – | May 6, 2026 | Conversion | −152,000 | – | – | 1,198,100 |
| Elizabeth Krystyn – | May 6, 2026 | Conversion | +152,000 | – | – | 152,000 |
| Elizabeth Krystyn – | May 6, 2026 | Sale | −18,260 | $21.20 | $387.11K | 31,740 |
| Elizabeth Krystyn – | May 6, 2026 | Conversion | +50,000 | – | – | 50,000 |
| Elizabeth Krystyn – | May 6, 2026 | Conversion | −50,000 | – | – | 396,912 |
| Elizabeth Krystyn – | May 6, 2026 | Sale | −53,722 | $21.19 | $1.14M | 98,278 |
| Myron K. Williams Director | Apr 1, 2026 | Award | +1,221 | – | – | 13,238 |
| Sunita Parasuraman Director | Apr 1, 2026 | Award | +1,221 | – | – | 13,238 |
| Barbara Ruth Matas Director | Apr 1, 2026 | Award | +1,221 | – | – | 18,393 |
| Bradford Hale Chief Financial Officer | Apr 1, 2026 | Tax withholding | −9,837 | $21.53 | $211.79K | 174,501 |
| Sathish Muthukrishnan Director | Apr 1, 2026 | Award | +1,221 | – | – | 9,047 |
| Chris Thomas Sullivan Director | Apr 1, 2026 | Award | +1,221 | – | – | 84,475 |
| Paul Eugene Sparks Director | Apr 1, 2026 | Award | +2,275 | – | – | 2,275 |
| Paul Eugene Sparks Director | Apr 1, 2026 | Tax withholding | −784 | $21.53 | $16.88K | 1,491 |
| Corbyn N. Lichon Chief Accounting Officer | Apr 1, 2026 | Award | +2,033 | – | – | 57,291 |
| Ellyn Shook Director | Apr 1, 2026 | Award | +1,221 | – | – | 13,238 |
| Jay A. Cohen Director | Apr 1, 2026 | Award | +1,221 | – | – | 17,416 |
| Joseph John Kadow Director | Apr 1, 2026 | Award | +1,221 | – | – | 18,393 |
| Seth Bala Cohen General Counsel | Mar 15, 2026 | Tax withholding | −283 | $21.06 | $5.96K | 29,287 |
| Seth Bala Cohen General Counsel | Mar 15, 2026 | Tax withholding | −254 | $21.06 | $5.35K | 29,570 |
| Seth Bala Cohen General Counsel | Mar 15, 2026 | Tax withholding | −263 | $21.06 | $5.54K | 29,024 |
| Daniel Galbraith See Remarks | Mar 15, 2026 | Tax withholding | −556 | $21.06 | $11.71K | 43,888 |
| Daniel Galbraith See Remarks | Mar 15, 2026 | Tax withholding | −402 | $21.06 | $8.47K | 43,486 |
| James Morgan Roche See Remarks | Mar 15, 2026 | Tax withholding | −501 | $21.06 | $10.55K | 322,437 |
| Bradford Hale Chief Financial Officer | Mar 15, 2026 | Tax withholding | −556 | $21.06 | $11.71K | 184,740 |
| Bradford Hale Chief Financial Officer | Mar 15, 2026 | Tax withholding | −402 | $21.06 | $8.47K | 184,338 |
| Trevor Baldwin Chief Executive Officer, Director | Mar 15, 2026 | Tax withholding | −670 | $21.06 | $14.11K | 104,549 |
| Trevor Baldwin Chief Executive Officer, Director | Mar 15, 2026 | Tax withholding | −1,297 | $21.06 | $27.31K | 105,219 |
| Corbyn N. Lichon Chief Accounting Officer | Mar 15, 2026 | Tax withholding | −96 | $21.06 | $2.02K | 55,328 |
| Corbyn N. Lichon Chief Accounting Officer | Mar 15, 2026 | Tax withholding | −121 | $21.06 | $2.55K | 55,424 |
| Corbyn N. Lichon Chief Accounting Officer | Mar 15, 2026 | Tax withholding | −70 | $21.06 | $1.47K | 55,258 |
| Corbyn N. Lichon Chief Accounting Officer | Mar 15, 2026 | Tax withholding | −102 | $21.06 | $2.15K | 55,545 |
| Elizabeth Krystyn – | Mar 6, 2026 | Conversion | +29,431 | – | – | 29,431 |
| Elizabeth Krystyn – | Mar 6, 2026 | Conversion | +90,556 | – | – | 90,556 |
| Elizabeth Krystyn – | Mar 6, 2026 | Conversion | −29,431 | – | – | 446,912 |
| Elizabeth Krystyn – | Mar 6, 2026 | Sale | −29,431 | $21.25 | $625.41K | 0 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
5.16%
6M shares short
Days to cover
4.3
At 1M shares a day
Change since last report
-16.3%
From 7M shares
Short volume, 20 days
35.2%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Baldwin Insurance's stock actually held short. Settlement fails (shares not delivered on time) peaked at 25,534 shares on Sep 24, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Seth Bala Cohen Officer | May 14, 2026 | 15,000 | $297.44K | May 14, 2026 | Bonus |
| Elizabeth Krystyn Officer | May 6, 2026 | 202,000 | $4.36M | May 6, 2026 | Redemption/Exchange of Class B Common and LLC Units held by Trust for Class A Common w/ Class B Common and LLC Units acquired in connection with corporate reorganization at IPO |
| Elizabeth Krystyn Officer | Mar 6, 2026 | 119,987 | $2.58M | Mar 6, 2026 | REDEMPTION/EXCHANGE OF CLASS B COMMON AND LLC UNITS HELD BY TRUST FOR CLASS A COMMON W/CLASS B COMMON AND LLC UNITS ACQUIRED IN CONNECTION WITH CORPORATE REORG AT IPO |
| James Morgan Roche Officer | Dec 15, 2025 | 80,000 | $1.92M | Dec 15, 2025 | Redemption/exchange of Class B common and LLC units for class A common acquired in connection with corporate reorganization at IPO |
| James Morgan Roche Officer | Dec 12, 2025 | 100,000 | $2.42M | Dec 12, 2025 | Redemption/exchange of Class B common and LLC units for class A common acquired in connection with corporate reorganization at IPO |
| James Morgan Roche Officer | Dec 12, 2025 | 100,000 | $2.42M | Dec 12, 2025 | Redemption/exchange of Class B common and LLC units for Class A common acquired in connection with corporate reorganization at IPO |
| James Morgan Roche Officer | Dec 11, 2025 | 60,000 | $1.40M | Dec 11, 2025 | Redemption/exchange of Class B common and LLC units for Class A common acquired in connection with corporate reorganization at IPO |
| James Morgan Roche Officer | Dec 5, 2025 | 15,000 | $376.16K | Dec 5, 2025 | Redemption/exchange of Class B common and LLC units for class A common acquired in connection with corporate reorganization at IPO |
| Seth Bala Cohen Officer | Aug 13, 2025 | 2,775 | $93.07K | Aug 13, 2025 | RSA |
| James Morgan Roche Officer | Jun 13, 2025 | 26,679 | $1.07M | Jun 13, 2025 | Redemption/exchange of Class B LLC unites for Class A common acquired in connection with corporate reorganization at IPO on 10/28/2019 |
| Trevor Baldwin Officer | Jun 12, 2025 | 117,000 | $4.66M | Jun 12, 2025 | REDEMPTION/EXCHANGE OF CLASS B COMMON AND LLC UNITS HELD BY TRUST FOR CLASS A COMMON W/CLASS B COMMON AND LLC UNITS ACQUIRED IN CONNECTION WITH CORPORATE REORG AT IPO |
| James Morgan Roche Officer | Jun 12, 2025 | 10,894 | $436.14K | Jun 12, 2025 | REDEMPTION/EXCHANGE OF CLASS B LLC UNITS FOR CLASS A COMMON ACQUIRED IN CONNECTION WITH CORPORATE REORGANIZATION AT IPO ON 10/28/2019 |
| Trevor Baldwin Officer | Jun 11, 2025 | 58,000 | $2.23M | Jun 11, 2025 | REDEMPTION/EXCHANGE OF CLASS B COMMON AND LLC UNITS HELD BY TRUST FOR CLASS A COMMON W/CLASS B COMMON AND LLC UNITS ACQUIRED IN CONNECTION WITH CORPORATE REORG AT IPO |
| Lowry Baldwin affiliate | Jun 9, 2025 | 50,000 | $1.95M | Jun 9, 2025 | REDEMPTION/EXCHANGE OF CLASS B COMMON AND LLC UNITS HELD BY TRUST FOR CLASS A COMMON W/CLASS B COMMON AND LLC UNITS ACQUIRED IN CONNECTION WITH CORPORATE REORG AT IPO |
| James Morgan Roche Officer | Jun 4, 2025 | 7,142 | $286.23K | Jun 4, 2025 | COMPENSATION |
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