BLACKROCK INC

Ticker: BLK CUSIP: 09290D101 Class: Common Stock

Baldwin Investment Management, LLC's Holding History (CIK: 0001346378)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 4,617 Value ($000) $4,941 Avg Close $1089.41 Range $985.78 - $1214.03

Q3 2025

Shares 4,651 Value ($000) $5,422 Avg Close $1108.77 Range $1023.93 - $1177.77

Q2 2025

Shares 4,576 Value ($000) $4,801 Avg Close $933.09 Range $762.34 - $1044.14

Q1 2025

Shares 4,546 Value ($000) $4,302 Avg Close $961.85 Range $885.02 - $1062.44

Q4 2024

Shares 4,724 Value ($000) $4,843 Avg Close $991.05 Range $896.06 - $1060.71

Q3 2024

Shares 4,958 Value ($000) $4,708 Avg Close $840.24 Range $753.79 - $929.01

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,617	$4,941	$1089.41	$985.78 - $1214.03
Q3 2025	4,651	$5,422	$1108.77	$1023.93 - $1177.77
Q2 2025	4,576	$4,801	$933.09	$762.34 - $1044.14
Q1 2025	4,546	$4,302	$961.85	$885.02 - $1062.44
Q4 2024	4,724	$4,843	$991.05	$896.06 - $1060.71
Q3 2024	4,958	$4,708	$840.24	$753.79 - $929.01