GOLDMAN SACHS GROUP INC

Ticker: GS CUSIP: 38141G104 Class: COM

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

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

Q4 2025

Shares 6,308 Value ($000) $5,545 Avg Close $813.35 Range $736.36 - $919.10

Q3 2025

Shares 6,417 Value ($000) $5,110 Avg Close $734.84 Range $684.23 - $821.18

Q2 2025

Shares 6,242 Value ($000) $4,418 Avg Close $571.74 Range $432.73 - $706.99

Q1 2025

Shares 6,243 Value ($000) $3,410 Avg Close $590.71 Range $512.19 - $658.75

Q4 2024

Shares 6,178 Value ($000) $3,538 Avg Close $544.86 Range $472.18 - $599.67

Q3 2024

Shares 7,861 Value ($000) $3,892 Avg Close $475.08 Range $424.00 - $501.45

Q2 2024

Shares 7,910 Value ($000) $3,578 Avg Close $423.71 Range $373.03 - $454.32

Q1 2024

Shares 8,190 Value ($000) $3,421 Avg Close $372.27 Range $356.00 - $403.94

Q4 2023

Shares 8,015 Value ($000) $3,092 Avg Close $317.74 Range $274.61 - $371.02

Q3 2023

Shares 7,815 Value ($000) $2,529 Avg Close $315.37 Range $294.31 - $340.35

Q2 2023

Shares 8,135 Value ($000) $2,624 Avg Close $307.90 Range $292.29 - $327.28

Q1 2023

Shares 8,760 Value ($000) $2,865 Avg Close $323.64 Range $281.97 - $352.13

Q4 2022

Shares 8,910 Value ($000) $3,060 Avg Close $321.54 Range $265.13 - $358.95

Q3 2022

Shares 8,910 Value ($000) $2,611 Avg Close $297.04 Range $254.08 - $327.95

Q2 2022

Shares 9,495 Value ($000) $2,820 Avg Close $283.57 Range $254.36 - $315.71

Q1 2022

Shares 10,835 Value ($000) $3,577 Avg Close $319.80 Range $289.53 - $372.88

Q4 2021

Shares 10,630 Value ($000) $4,067 Avg Close $356.48 Range $331.30 - $383.05

Q3 2021

Shares 10,526 Value ($000) $3,979 Avg Close $349.92 Range $312.18 - $376.37

Q2 2021

Shares 10,506 Value ($000) $3,987 Avg Close $319.41 Range $287.92 - $351.77

Q1 2021

Shares 10,734 Value ($000) $3,510 Avg Close $276.90 Range $231.02 - $318.13

Q4 2020

Shares 10,173 Value ($000) $2,683 Avg Close $197.01 Range $163.85 - $234.37

Q3 2020

Shares 8,946 Value ($000) $1,798 Avg Close $178.97 Range $164.16 - $197.73

Q2 2020

Shares 7,491 Value ($000) $1,480 Avg Close $164.18 Range $123.60 - $195.75

Q1 2020

Shares 7,140 Value ($000) $1,104 Avg Close $184.40 Range $114.16 - $217.18

Q4 2019

Shares 7,490 Value ($000) $1,722 Avg Close $187.49 Range $167.27 - $201.35

Q3 2019

Shares 7,490 Value ($000) $1,552 Avg Close $179.59 Range $165.99 - $190.99

Q2 2019

Shares 6,865 Value ($000) $1,405 Avg Close $169.10 Range $154.86 - $179.11

Q1 2019

Shares 6,940 Value ($000) $1,332 Avg Close $164.16 Range $138.78 - $176.11

Q4 2018

Shares 7,040 Value ($000) $1,176 Avg Close $170.89 Range $128.88 - $198.06

Q3 2018

Shares 7,040 Value ($000) $1,579 Avg Close $196.40 Range $184.61 - $206.70

Q2 2018

Shares 7,040 Value ($000) $1,553 Avg Close $200.65 Range $184.80 - $220.61

Q1 2018

Shares 3,440 Value ($000) $866 Avg Close $218.41 Range $200.54 - $231.37

Q4 2017

Shares 3,365 Value ($000) $857 Avg Close $205.15 Range $195.11 - $219.69

Q3 2017

Shares 3,327 Value ($000) $789 Avg Close $188.03 Range $179.32 - $198.50

Q2 2017

Shares 3,327 Value ($000) $738 Avg Close $184.61 Range $174.53 - $193.25

Q1 2017

Shares 3,222 Value ($000) $740 Avg Close $200.04 Range $183.26 - $211.72

Q4 2016

Shares 3,247 Value ($000) $777 Avg Close $167.76 Range $132.22 - $203.24

Q3 2016

Shares 3,412 Value ($000) $550 Avg Close $133.80 Range $117.21 - $142.26

Q2 2016

Shares 3,587 Value ($000) $533 Avg Close $127.90 Range $113.58 - $138.25

Q1 2016

Shares 3,672 Value ($000) $576 Avg Close $126.24 Range $113.32 - $144.66

Q4 2015

Shares 3,672 Value ($000) $662 Avg Close $151.14 Range $137.97 - $162.36

Q3 2015

Shares 3,695 Value ($000) $642 Avg Close $158.88 Range $136.03 - $173.70

Q2 2015

Shares 3,445 Value ($000) $719 Avg Close $164.61 Range $150.85 - $177.07

Q1 2015

Shares 3,530 Value ($000) $664 Avg Close $149.80 Range $138.56 - $157.44

Q4 2014

Shares 3,547 Value ($000) $688 Avg Close $150.86 Range $137.31 - $159.31

Q3 2014

Shares 3,392 Value ($000) $623 Avg Close $140.58 Range $129.11 - $151.20

Q2 2014

Shares 3,360 Value ($000) $563 Avg Close $128.71 Range $120.80 - $136.75

Q1 2014

Shares 3,740 Value ($000) $613 Avg Close $133.70 Range $126.84 - $143.80

Q4 2013

Shares 3,645 Value ($000) $646 Avg Close $130.68 Range $120.94 - $140.87

Q3 2013

Shares 3,595 Value ($000) $569 Avg Close $127.13 Range $117.74 - $134.52

Q2 2013

Shares 3,595 Value ($000) $544 Avg Close $120.06 Range $107.94 - $132.67

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,308	$5,545	$813.35	$736.36 - $919.10
Q3 2025	6,417	$5,110	$734.84	$684.23 - $821.18
Q2 2025	6,242	$4,418	$571.74	$432.73 - $706.99
Q1 2025	6,243	$3,410	$590.71	$512.19 - $658.75
Q4 2024	6,178	$3,538	$544.86	$472.18 - $599.67
Q3 2024	7,861	$3,892	$475.08	$424.00 - $501.45
Q2 2024	7,910	$3,578	$423.71	$373.03 - $454.32
Q1 2024	8,190	$3,421	$372.27	$356.00 - $403.94
Q4 2023	8,015	$3,092	$317.74	$274.61 - $371.02
Q3 2023	7,815	$2,529	$315.37	$294.31 - $340.35
Q2 2023	8,135	$2,624	$307.90	$292.29 - $327.28
Q1 2023	8,760	$2,865	$323.64	$281.97 - $352.13
Q4 2022	8,910	$3,060	$321.54	$265.13 - $358.95
Q3 2022	8,910	$2,611	$297.04	$254.08 - $327.95
Q2 2022	9,495	$2,820	$283.57	$254.36 - $315.71
Q1 2022	10,835	$3,577	$319.80	$289.53 - $372.88
Q4 2021	10,630	$4,067	$356.48	$331.30 - $383.05
Q3 2021	10,526	$3,979	$349.92	$312.18 - $376.37
Q2 2021	10,506	$3,987	$319.41	$287.92 - $351.77
Q1 2021	10,734	$3,510	$276.90	$231.02 - $318.13
Q4 2020	10,173	$2,683	$197.01	$163.85 - $234.37
Q3 2020	8,946	$1,798	$178.97	$164.16 - $197.73
Q2 2020	7,491	$1,480	$164.18	$123.60 - $195.75
Q1 2020	7,140	$1,104	$184.40	$114.16 - $217.18
Q4 2019	7,490	$1,722	$187.49	$167.27 - $201.35
Q3 2019	7,490	$1,552	$179.59	$165.99 - $190.99
Q2 2019	6,865	$1,405	$169.10	$154.86 - $179.11
Q1 2019	6,940	$1,332	$164.16	$138.78 - $176.11
Q4 2018	7,040	$1,176	$170.89	$128.88 - $198.06
Q3 2018	7,040	$1,579	$196.40	$184.61 - $206.70
Q2 2018	7,040	$1,553	$200.65	$184.80 - $220.61
Q1 2018	3,440	$866	$218.41	$200.54 - $231.37
Q4 2017	3,365	$857	$205.15	$195.11 - $219.69
Q3 2017	3,327	$789	$188.03	$179.32 - $198.50
Q2 2017	3,327	$738	$184.61	$174.53 - $193.25
Q1 2017	3,222	$740	$200.04	$183.26 - $211.72
Q4 2016	3,247	$777	$167.76	$132.22 - $203.24
Q3 2016	3,412	$550	$133.80	$117.21 - $142.26
Q2 2016	3,587	$533	$127.90	$113.58 - $138.25
Q1 2016	3,672	$576	$126.24	$113.32 - $144.66
Q4 2015	3,672	$662	$151.14	$137.97 - $162.36
Q3 2015	3,695	$642	$158.88	$136.03 - $173.70
Q2 2015	3,445	$719	$164.61	$150.85 - $177.07
Q1 2015	3,530	$664	$149.80	$138.56 - $157.44
Q4 2014	3,547	$688	$150.86	$137.31 - $159.31
Q3 2014	3,392	$623	$140.58	$129.11 - $151.20
Q2 2014	3,360	$563	$128.71	$120.80 - $136.75
Q1 2014	3,740	$613	$133.70	$126.84 - $143.80
Q4 2013	3,645	$646	$130.68	$120.94 - $140.87
Q3 2013	3,595	$569	$127.13	$117.74 - $134.52
Q2 2013	3,595	$544	$120.06	$107.94 - $132.67