THERMO FISHER SCIENTIFIC INC

Ticker: TMO CUSIP: 883556102 Class: COM

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

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

Q4 2025

Shares 8,112 Value ($000) $4,701 Avg Close $565.16 Range $486.57 - $601.87

Q3 2025

Shares 8,250 Value ($000) $4,002 Avg Close $464.78 Range $402.70 - $501.56

Q2 2025

Shares 8,240 Value ($000) $3,341 Avg Close $417.06 Range $384.82 - $495.18

Q1 2025

Shares 8,934 Value ($000) $4,446 Avg Close $539.78 Range $482.97 - $608.82

Q4 2024

Shares 8,879 Value ($000) $4,619 Avg Close $547.53 Range $491.20 - $617.36

Q3 2024

Shares 7,760 Value ($000) $4,800 Avg Close $589.13 Range $525.78 - $624.81

Q2 2024

Shares 7,868 Value ($000) $4,351 Avg Close $569.75 Range $526.69 - $598.64

Q1 2024

Shares 7,768 Value ($000) $4,515 Avg Close $557.71 Range $524.04 - $600.06

Q4 2023

Shares 7,523 Value ($000) $3,993 Avg Close $480.76 Range $412.73 - $532.66

Q3 2023

Shares 7,333 Value ($000) $3,712 Avg Close $528.90 Range $491.51 - $575.69

Q2 2023

Shares 7,293 Value ($000) $3,805 Avg Close $535.25 Range $494.39 - $588.28

Q1 2023

Shares 7,658 Value ($000) $4,414 Avg Close $558.70 Range $518.14 - $604.43

Q4 2022

Shares 7,635 Value ($000) $4,205 Avg Close $524.96 Range $471.30 - $579.21

Q3 2022

Shares 7,495 Value ($000) $3,801 Avg Close $554.13 Range $500.83 - $604.99

Q2 2022

Shares 7,663 Value ($000) $4,163 Avg Close $544.70 Range $492.89 - $611.86

Q1 2022

Shares 8,031 Value ($000) $4,744 Avg Close $568.16 Range $508.25 - $656.92

Q4 2021

Shares 8,386 Value ($000) $5,596 Avg Close $617.25 Range $545.68 - $664.90

Q3 2021

Shares 8,390 Value ($000) $4,794 Avg Close $542.36 Range $497.26 - $609.86

Q2 2021

Shares 8,507 Value ($000) $4,292 Avg Close $466.00 Range $433.25 - $504.51

Q1 2021

Shares 8,150 Value ($000) $3,720 Avg Close $471.13 Range $427.86 - $519.72

Q4 2020

Shares 8,170 Value ($000) $3,805 Avg Close $462.59 Range $427.16 - $525.38

Q3 2020

Shares 7,840 Value ($000) $3,462 Avg Close $407.40 Range $352.00 - $438.79

Q2 2020

Shares 6,830 Value ($000) $2,475 Avg Close $330.32 Range $266.44 - $358.87

Q1 2020

Shares 6,930 Value ($000) $1,965 Avg Close $310.51 Range $246.54 - $336.98

Q4 2019

Shares 7,080 Value ($000) $2,300 Avg Close $298.40 Range $266.00 - $325.05

Q3 2019

Shares 7,080 Value ($000) $2,062 Avg Close $281.62 Range $262.06 - $300.37

Q2 2019

Shares 7,280 Value ($000) $2,138 Avg Close $270.70 Range $248.84 - $293.42

Q1 2019

Shares 7,430 Value ($000) $2,034 Avg Close $244.42 Range $206.29 - $269.21

Q4 2018

Shares 7,872 Value ($000) $1,762 Avg Close $230.26 Range $204.59 - $249.16

Q3 2018

Shares 8,222 Value ($000) $2,007 Avg Close $225.62 Range $199.95 - $240.42

Q2 2018

Shares 8,222 Value ($000) $1,703 Avg Close $208.02 Range $195.82 - $217.41

Q1 2018

Shares 8,197 Value ($000) $1,692 Avg Close $205.54 Range $186.40 - $221.70

Q4 2017

Shares 8,522 Value ($000) $1,618 Avg Close $187.44 Range $177.57 - $196.84

Q3 2017

Shares 8,572 Value ($000) $1,622 Avg Close $177.07 Range $166.25 - $189.94

Q2 2017

Shares 8,572 Value ($000) $1,496 Avg Close $164.09 Range $148.20 - $172.95

Q1 2017

Shares 9,222 Value ($000) $1,416 Avg Close $149.18 Range $136.61 - $157.89

Q4 2016

Shares 9,984 Value ($000) $1,409 Avg Close $143.74 Range $135.56 - $156.06

Q3 2016

Shares 10,289 Value ($000) $1,637 Avg Close $150.09 Range $139.26 - $156.47

Q2 2016

Shares 10,539 Value ($000) $1,557 Avg Close $143.61 Range $136.38 - $150.60

Q1 2016

Shares 10,882 Value ($000) $1,541 Avg Close $130.26 Range $116.37 - $138.34

Q4 2015

Shares 10,882 Value ($000) $1,544 Avg Close $129.50 Range $116.40 - $139.59

Q3 2015

Shares 11,015 Value ($000) $1,347 Avg Close $126.34 Range $113.67 - $136.94

Q2 2015

Shares 10,910 Value ($000) $1,416 Avg Close $126.27 Range $121.29 - $130.90

Q1 2015

Shares 11,060 Value ($000) $1,486 Avg Close $124.72 Range $117.56 - $134.63

Q4 2014

Shares 10,430 Value ($000) $1,307 Avg Close $117.50 Range $103.69 - $125.37

Q3 2014

Shares 10,300 Value ($000) $1,254 Avg Close $117.35 Range $112.28 - $122.75

Q2 2014

Shares 10,300 Value ($000) $1,215 Avg Close $113.45 Range $107.95 - $118.89

Q1 2014

Shares 10,425 Value ($000) $1,254 Avg Close $114.47 Range $105.00 - $122.85

Q4 2013

Shares 10,750 Value ($000) $1,197 Avg Close $95.60 Range $86.22 - $107.27

Q3 2013

Shares 10,850 Value ($000) $1,000 Avg Close $86.81 Range $81.00 - $91.06

Q2 2013

Shares 10,975 Value ($000) $929 Avg Close $79.76 Range $72.10 - $85.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	8,112	$4,701	$565.16	$486.57 - $601.87
Q3 2025	8,250	$4,002	$464.78	$402.70 - $501.56
Q2 2025	8,240	$3,341	$417.06	$384.82 - $495.18
Q1 2025	8,934	$4,446	$539.78	$482.97 - $608.82
Q4 2024	8,879	$4,619	$547.53	$491.20 - $617.36
Q3 2024	7,760	$4,800	$589.13	$525.78 - $624.81
Q2 2024	7,868	$4,351	$569.75	$526.69 - $598.64
Q1 2024	7,768	$4,515	$557.71	$524.04 - $600.06
Q4 2023	7,523	$3,993	$480.76	$412.73 - $532.66
Q3 2023	7,333	$3,712	$528.90	$491.51 - $575.69
Q2 2023	7,293	$3,805	$535.25	$494.39 - $588.28
Q1 2023	7,658	$4,414	$558.70	$518.14 - $604.43
Q4 2022	7,635	$4,205	$524.96	$471.30 - $579.21
Q3 2022	7,495	$3,801	$554.13	$500.83 - $604.99
Q2 2022	7,663	$4,163	$544.70	$492.89 - $611.86
Q1 2022	8,031	$4,744	$568.16	$508.25 - $656.92
Q4 2021	8,386	$5,596	$617.25	$545.68 - $664.90
Q3 2021	8,390	$4,794	$542.36	$497.26 - $609.86
Q2 2021	8,507	$4,292	$466.00	$433.25 - $504.51
Q1 2021	8,150	$3,720	$471.13	$427.86 - $519.72
Q4 2020	8,170	$3,805	$462.59	$427.16 - $525.38
Q3 2020	7,840	$3,462	$407.40	$352.00 - $438.79
Q2 2020	6,830	$2,475	$330.32	$266.44 - $358.87
Q1 2020	6,930	$1,965	$310.51	$246.54 - $336.98
Q4 2019	7,080	$2,300	$298.40	$266.00 - $325.05
Q3 2019	7,080	$2,062	$281.62	$262.06 - $300.37
Q2 2019	7,280	$2,138	$270.70	$248.84 - $293.42
Q1 2019	7,430	$2,034	$244.42	$206.29 - $269.21
Q4 2018	7,872	$1,762	$230.26	$204.59 - $249.16
Q3 2018	8,222	$2,007	$225.62	$199.95 - $240.42
Q2 2018	8,222	$1,703	$208.02	$195.82 - $217.41
Q1 2018	8,197	$1,692	$205.54	$186.40 - $221.70
Q4 2017	8,522	$1,618	$187.44	$177.57 - $196.84
Q3 2017	8,572	$1,622	$177.07	$166.25 - $189.94
Q2 2017	8,572	$1,496	$164.09	$148.20 - $172.95
Q1 2017	9,222	$1,416	$149.18	$136.61 - $157.89
Q4 2016	9,984	$1,409	$143.74	$135.56 - $156.06
Q3 2016	10,289	$1,637	$150.09	$139.26 - $156.47
Q2 2016	10,539	$1,557	$143.61	$136.38 - $150.60
Q1 2016	10,882	$1,541	$130.26	$116.37 - $138.34
Q4 2015	10,882	$1,544	$129.50	$116.40 - $139.59
Q3 2015	11,015	$1,347	$126.34	$113.67 - $136.94
Q2 2015	10,910	$1,416	$126.27	$121.29 - $130.90
Q1 2015	11,060	$1,486	$124.72	$117.56 - $134.63
Q4 2014	10,430	$1,307	$117.50	$103.69 - $125.37
Q3 2014	10,300	$1,254	$117.35	$112.28 - $122.75
Q2 2014	10,300	$1,215	$113.45	$107.95 - $118.89
Q1 2014	10,425	$1,254	$114.47	$105.00 - $122.85
Q4 2013	10,750	$1,197	$95.60	$86.22 - $107.27
Q3 2013	10,850	$1,000	$86.81	$81.00 - $91.06
Q2 2013	10,975	$929	$79.76	$72.10 - $85.73