LOCKHEED MARTIN CORP

Ticker: LMT CUSIP: 539830109 Class: COM

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

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

Q4 2025

Shares 1,275 Value ($000) $617 Avg Close $476.18 Range $437.25 - $512.11

Q3 2025

Shares 1,350 Value ($000) $674 Avg Close $448.15 Range $404.07 - $496.12

Q2 2025

Shares 2,693 Value ($000) $1,247 Avg Close $459.07 Range $409.89 - $481.11

Q1 2025

Shares 3,538 Value ($000) $1,580 Avg Close $448.29 Range $407.68 - $494.96

Q4 2024

Shares 3,094 Value ($000) $1,503 Avg Close $527.20 Range $463.64 - $597.48

Q3 2024

Shares 2,783 Value ($000) $1,627 Avg Close $516.36 Range $437.85 - $564.66

Q2 2024

Shares 2,719 Value ($000) $1,270 Avg Close $441.57 Range $422.26 - $456.64

Q1 2024

Shares 2,761 Value ($000) $1,256 Avg Close $415.91 Range $391.81 - $441.36

Q4 2023

Shares 2,535 Value ($000) $1,149 Avg Close $417.42 Range $370.10 - $430.67

Q3 2023

Shares 2,300 Value ($000) $941 Avg Close $415.09 Range $381.33 - $447.69

Q2 2023

Shares 1,555 Value ($000) $716 Avg Close $431.49 Range $407.78 - $471.21

Q1 2023

Shares 1,615 Value ($000) $763 Avg Close $433.24 Range $403.31 - $452.24

Q4 2022

Shares 1,515 Value ($000) $737 Avg Close $426.55 Range $355.46 - $459.83

Q3 2022

Shares 1,645 Value ($000) $635 Avg Close $380.78 Range $339.98 - $405.33

Q2 2022

Shares 1,619 Value ($000) $696 Avg Close $397.88 Range $359.08 - $429.95

Q1 2022

Shares 1,590 Value ($000) $702 Avg Close $365.10 Range $317.03 - $434.01

Q4 2021

Shares 1,560 Value ($000) $554 Avg Close $308.96 Range $288.77 - $336.75

Q3 2021

Shares 2,375 Value ($000) $820 Avg Close $320.77 Range $298.46 - $340.17

Q2 2021

Shares 2,345 Value ($000) $887 Avg Close $338.54 Range $323.52 - $349.92

Q1 2021

Shares 2,120 Value ($000) $783 Avg Close $299.96 Range $278.76 - $328.70

Q4 2020

Shares 1,270 Value ($000) $451 Avg Close $318.96 Range $299.19 - $342.30

Q3 2020

Shares 845 Value ($000) $324 Avg Close $329.03 Range $291.81 - $347.86

Q4 2019

Shares 535 Value ($000) $208 Avg Close $324.81 Range $306.60 - $335.41

Q3 2019

Shares 535 Value ($000) $209 Avg Close $316.45 Range $294.61 - $337.82

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,275	$617	$476.18	$437.25 - $512.11
Q3 2025	1,350	$674	$448.15	$404.07 - $496.12
Q2 2025	2,693	$1,247	$459.07	$409.89 - $481.11
Q1 2025	3,538	$1,580	$448.29	$407.68 - $494.96
Q4 2024	3,094	$1,503	$527.20	$463.64 - $597.48
Q3 2024	2,783	$1,627	$516.36	$437.85 - $564.66
Q2 2024	2,719	$1,270	$441.57	$422.26 - $456.64
Q1 2024	2,761	$1,256	$415.91	$391.81 - $441.36
Q4 2023	2,535	$1,149	$417.42	$370.10 - $430.67
Q3 2023	2,300	$941	$415.09	$381.33 - $447.69
Q2 2023	1,555	$716	$431.49	$407.78 - $471.21
Q1 2023	1,615	$763	$433.24	$403.31 - $452.24
Q4 2022	1,515	$737	$426.55	$355.46 - $459.83
Q3 2022	1,645	$635	$380.78	$339.98 - $405.33
Q2 2022	1,619	$696	$397.88	$359.08 - $429.95
Q1 2022	1,590	$702	$365.10	$317.03 - $434.01
Q4 2021	1,560	$554	$308.96	$288.77 - $336.75
Q3 2021	2,375	$820	$320.77	$298.46 - $340.17
Q2 2021	2,345	$887	$338.54	$323.52 - $349.92
Q1 2021	2,120	$783	$299.96	$278.76 - $328.70
Q4 2020	1,270	$451	$318.96	$299.19 - $342.30
Q3 2020	845	$324	$329.03	$291.81 - $347.86
Q4 2019	535	$208	$324.81	$306.60 - $335.41
Q3 2019	535	$209	$316.45	$294.61 - $337.82