# Kimelman & Baird, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1318103. Source: https://holderbook.com/funds/1318103-kimelman-baird-llc/

- Reported value: $2.7B
- Positions: 262
- Weight of the ten largest: 43.3%
- Filed: 2026-08-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $160.0M | 552,834 | 5.9% | 16 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $142.0M | 476,776 | 5.2% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $135.2M | 413,074 | 5.0% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $129.8M | 544,396 | 4.8% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $117.1M | 125,192 | 4.3% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $111.6M | 312,290 | 4.1% | 16 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $99.1M | 653,978 | 3.7% | 16 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $96.9M | 80,768 | 3.6% | 16 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $89.5M | 1,571,514 | 3.3% | 16 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $89.4M | 400,980 | 3.3% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $87.9M | 235,612 | 3.2% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $82.4M | 233,780 | 3.0% | 16 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $73.0M | 620,706 | 2.7% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $72.2M | 140,512 | 2.7% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $70.0M | 204,068 | 2.6% | 16 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $69.5M | 2,466,212 | 2.6% | 16 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $62.9M | 1,525,070 | 2.3% | 7 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $62.3M | 391,850 | 2.3% | 10 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $60.8M | 216,192 | 2.2% | 10 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $59.8M | 358,624 | 2.2% | 16 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $55.7M | 204,608 | 2.1% | 16 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $51.0M | 235,412 | 1.9% | 9 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $48.9M | 678,084 | 1.8% | 9 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $43.1M | 192,000 | 1.6% | 16 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $41.2M | 320,358 | 1.5% | 16 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $37.2M | 71,706 | 1.4% | 9 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $34.5M | 55,342 | 1.3% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $33.6M | 167,890 | 1.2% | 9 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $29.1M | 129,946 | 1.1% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $28.3M | 128,138 | 1.0% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $26.6M | 194,360 | 1.0% | 16 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $25.6M | 327,342 | 0.9% | 9 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $23.0M | 196,044 | 0.9% | 9 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $20.2M | 409,676 | 0.7% | 9 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $19.6M | 137,070 | 0.7% | 16 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $17.4M | 18,050 | 0.6% | 10 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $16.6M | 74,530 | 0.6% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $15.4M | 61,312 | 0.6% | 16 |
| CAMDEN NATL CORP | [CAC](https://holderbook.com/stocks/CAC/) | $14.9M | 274,578 | 0.6% | 16 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $14.5M | 53,802 | 0.5% | 16 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $14.3M | 59,900 | 0.5% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $13.4M | 80,866 | 0.5% | 16 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $12.0M | 136,248 | 0.4% | 16 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $11.4M | 159,646 | 0.4% | 16 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $10.3M | 28,480 | 0.4% | 16 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $10.3M | 132,352 | 0.4% | 9 |
| DIGIMARC CORP | [DMRC](https://holderbook.com/stocks/DMRC/) | $9.0M | 1,093,033 | 0.3% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $7.7M | 20,598 | 0.3% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $7.5M | 21,198 | 0.3% | 16 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $7.5M | 22,110 | 0.3% | 15 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $5.8M | 39,608 | 0.2% | 16 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $5.6M | 17,028 | 0.2% | 2 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $5.3M | 25,332 | 0.2% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.2M | 20,500 | 0.2% | 16 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $4.3M | 47,012 | 0.2% | 16 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $4.2M | 25,260 | 0.2% | 9 |
| SENSIENT TECHNOLOGIES CORP | [SXT](https://holderbook.com/stocks/SXT/) | $4.1M | 33,300 | 0.2% | 9 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.0M | 10,780 | 0.1% | 9 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $3.9M | 4,508 | 0.1% | 9 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $3.5M | 136,250 | 0.1% | 16 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $3.2M | 2,756 | 0.1% | 9 |
| MINERALS TECHNOLOGIES INC | [MTX](https://holderbook.com/stocks/MTX/) | $3.2M | 43,064 | 0.1% | 16 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $3.2M | 11,316 | 0.1% | 9 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $2.8M | 33,198 | 0.1% | 9 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.6M | 14,594 | 0.1% | 10 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $2.6M | 44,614 | 0.1% | 9 |
| FIRST BANCORP INC ME | [FNLC](https://holderbook.com/stocks/FNLC/) | $2.5M | 71,250 | 0.1% | 16 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $2.4M | 18,800 | 0.1% | 9 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $2.3M | 37,592 | 0.1% | 3 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.1M | 13,700 | 0.1% | 9 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.1M | 6,128 | 0.1% | 9 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.1M | 85,952 | 0.1% | 9 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $2.0M | 12,600 | 0.1% | 9 |
| UTZ BRANDS INC | [UTZ](https://holderbook.com/stocks/UTZ/) | $2.0M | 257,168 | 0.1% | 9 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $2.0M | 4,020 | 0.1% | 10 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $2.0M | 29,000 | 0.1% | 9 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.8M | 31,050 | 0.1% | 16 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.7M | 69,556 | 0.1% | 9 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $1.7M | 30,600 | 0.1% | 9 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.5M | 8,200 | 0.1% | 16 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $1.5M | 9,268 | 0.1% | 3 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.4M | 13,700 | 0.1% | 16 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $1.3M | 27,900 | 0.0% | 9 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $1.3M | 11,000 | 0.0% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2M | 2,218 | 0.0% | 9 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.2M | 14,800 | 0.0% | 16 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $1.1M | 13,302 | 0.0% | 12 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $1.1M | 13,428 | 0.0% | 10 |
| NEWS CORP NEW | [NWSA](https://holderbook.com/stocks/NWSA/) | $1.0M | 41,624 | 0.0% | 9 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $1.0M | 9,000 | 0.0% | 9 |
| FULLER H B CO | [FUL](https://holderbook.com/stocks/FUL/) | $979.3K | 16,800 | 0.0% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $952.8K | 1,388 | 0.0% | 9 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $894.2K | 3,000 | 0.0% | 10 |
| DUPONT DE NEMOURS INC | - | $838.0K | 6,178 | 0.0% | 1 |
| WENDYS CO | [WEN](https://holderbook.com/stocks/WEN/) | $834.9K | 100,710 | 0.0% | 9 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $796.2K | 6,824 | 0.0% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $794.6K | 1,064 | 0.0% | 16 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $760.6K | 7,902 | 0.0% | 16 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $696.5K | 25,456 | 0.0% | 12 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $657.1K | 10,530 | 0.0% | 9 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.7% | +14.8% | -3.2% | 100% |
| Q1 2026 | -4.7% | -4.6% | -0.1% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.8% | 100% |
| Q3 2025 | +4.1% | +7.8% | -3.7% | 100% |
| Q2 2025 | +5.0% | +10.5% | -5.4% | 100% |
| Q1 2025 | -3.9% | -4.6% | +0.7% | 100% |
| Q4 2024 | +1.7% | +2.1% | -0.5% | 100% |
| Q3 2024 | +4.0% | +5.4% | -1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.7B | 262 |
| Q1 2026 | $1.2B | 263 |
| Q4 2025 | $1.3B | 263 |
| Q3 2025 | $1.3B | 307 |
| Q2 2025 | $1.2B | 342 |
| Q1 2025 | $1.2B | 349 |
| Q4 2024 | $1.3B | 355 |
| Q3 2024 | $1.3B | 364 |
| Q2 2024 | $1.2B | 373 |
| Q2 2021 | $1.1B | 117 |
| Q3 2019 | $721.2M | 100 |
| Q2 2019 | $718.7M | 103 |