BAXTER BROS INC

RIVERSIDE, CT · CIK 1096783 · 13F filing filed 2023-08-14

SEC-registered investment adviser since 1959 · corporation

Assets managed$1.2bn
Staff7 · 5 in investment roles
Main clients (by assets)High net worth individuals 90%, Individuals 6%, Charities 2%
Websitebaxterinvestment.com
Form ADV · 2026-03-11SEC adviser record

$672.4m reported value +5.7% vs Q1 2023

133positions

43.5%in top 10

2 new 40 added 51 reduced 3 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	161,221	$54.9m8.17%	8.17%	Reduced -621	-621 -0.4%
2	Berkshire Hathaway Cl B COM COM		160,521	$54.7m8.14%	8.14%	Added +771	+771 0.5%
3	INTUIT COM INTU	INTU	66,234	$30.3m4.51%	4.51%	Reduced -77	-77 -0.1%
4	EXXON MOBIL CORP COM XOM	XOM	278,773	$29.9m4.45%	4.45%	Added +874	+874 0.3%
5	VISA INC COM CL A V	V	112,690	$26.8m3.98%	3.98%	Added +652	+652 0.6%
6	UNION PAC CORP COM UNP	UNP	112,645	$23.0m3.43%	3.43%	Reduced -141	-141 -0.1%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	175,837	$21.3m3.16%	3.16%	Reduced -776	-776 -0.4%
8	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	84,764	$18.6m2.77%	2.77%	Added +2.0k	+2,039 2.5%
9	QUALCOMM INC COM QCOM	QCOM	141,708	$16.9m2.51%	2.51%	Reduced -2.1k	-2,062 -1.4%
10	PROCTER AND GAMBLE CO COM PG	PG	105,362	$16.0m2.38%	2.38%	Reduced -294	-294 -0.3%
11	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	29,419	$15.3m2.28%	2.28%	Reduced -130	-130 -0.4%
12	JPMORGAN CHASE & CO COM JPM	JPM	100,554	$14.6m2.18%	2.18%	Reduced -3.8k	-3,758 -3.6%
13	MASTERCARD INCORPORATED CL A MA	MA	36,840	$14.5m2.15%	2.15%	Reduced -4	-4 -0.0%
14	COMCAST CORP NEW CL A CMCSA	CMCSA	347,898	$14.5m2.15%	2.15%	Added +4.2k	+4,168 1.2%
15	ALPHABET INC CAP STK CL A GOOGL	GOOGL	119,732	$14.3m2.13%	2.13%	Reduced -299	-299 -0.2%
16	AMERICAN EXPRESS CO COM AXP	AXP	77,623	$13.5m2.01%	2.01%	Reduced -524	-524 -0.7%
17	PAYCHEX INC COM PAYX	PAYX	109,831	$12.3m1.83%	1.83%	Added +685	+685 0.6%
18	META PLATFORMS INC CL A META	META	41,539	$11.9m1.77%	1.77%	Reduced -486	-486 -1.2%
19	APPLE INC COM AAPL	AAPL	57,970	$11.2m1.67%	1.67%	Reduced -3.0k	-3,013 -4.9%
20	JOHNSON & JOHNSON COM JNJ	JNJ	60,726	$10.1m1.49%	1.49%	Added +637	+637 1.1%
21	HOME DEPOT INC COM HD	HD	28,777	$8.9m1.33%	1.33%	Reduced -126	-126 -0.4%
22	CHEVRON CORP NEW COM CVX	CVX	56,299	$8.9m1.32%	1.32%	Added +2.3k	+2,283 4.2%
23	SHERWIN WILLIAMS CO COM SHW	SHW	30,919	$8.2m1.22%	1.22%	Reduced -420	-420 -1.3%
24	AIR PRODS & CHEMS INC COM APD	APD	27,343	$8.2m1.22%	1.22%	Added +1.3k	+1,327 5.1%
25	EDWARDS LIFESCIENCES CORP COM EW	EW	81,202	$7.7m1.14%	1.14%	Reduced -887	-887 -1.1%
26	HONEYWELL INTL INC COM COM		36,754	$7.6m1.13%	1.13%	Added +1.2k	+1,223 3.4%
27	TEXAS INSTRS INC COM TXN	TXN	40,842	$7.4m1.09%	1.09%	Added +644	+644 1.6%
28	DISNEY WALT CO COM DIS	DIS	81,993	$7.3m1.09%	1.09%	Reduced -1.9k	-1,901 -2.3%
29	COCA COLA CO COM KO	KO	120,414	$7.3m1.08%	1.08%	Reduced -600	-600 -0.5%
30	RTX CORPORATION COM RTX	RTX	69,541	$6.8m1.01%	1.01%	Added +1.8k	+1,777 2.6%
31	GOLDMAN SACHS GROUP INC COM GS	GS	19,818	$6.4m0.95%	0.95%	Added +155	+155 0.8%
32	NETFLIX INC COM NFLX	NFLX	14,428	$6.4m0.95%	0.95%	Reduced -568	-568 -3.8%
33	NORFOLK SOUTHN CORP COM NSC	NSC	26,841	$6.1m0.91%	0.91%	Added +2.9k	+2,885 12.0%
34	UNITED PARCEL SERVICE INC CL B UPS	UPS	33,067	$5.9m0.88%	0.88%	Reduced -168	-168 -0.5%
35	MCDONALDS CORP COM MCD	MCD	19,112	$5.7m0.85%	0.85%	Reduced -35	-35 -0.2%
36	INTEL CORP COM INTC	INTC	168,488	$5.6m0.84%	0.84%	Reduced -1.9k	-1,945 -1.1%
37	MORGAN STANLEY COM NEW MS	MS	65,584	$5.6m0.83%	0.83%	Reduced -294	-294 -0.5%
38	WELLS FARGO CO NEW COM WFC	WFC	127,507	$5.4m0.81%	0.81%	Reduced -2.1k	-2,078 -1.6%
39	FISERV INC COM FISV	FISV	38,412	$4.8m0.72%	0.72%	Added +1.2k	+1,198 3.2%
40	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	377,722	$4.7m0.70%	0.70%	Reduced -22.8k	-22,830 -5.7%
41	GE AEROSPACE COM NEW GE	GE	41,824	$4.6m0.68%	0.68%	Added +749	+749 1.8%
42	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	22,415	$4.4m0.65%	0.65%	Added +2.1k	+2,137 10.5%
43	AMAZON COM INC COM AMZN	AMZN	29,544	$3.9m0.57%	0.57%	Reduced -1.3k	-1,341 -4.3%
44	PEPSICO INC COM PEP	PEP	20,153	$3.7m0.56%	0.56%	Added +756	+756 3.9%
45	LOCKHEED MARTIN CORP COM LMT	LMT	7,919	$3.6m0.54%	0.54%	Added +3	+3 0.0%
46	CSX CORP COM CSX	CSX	103,425	$3.5m0.52%	0.52%	Added +5	+5 0.0%
47	TC ENERGY CORP COM TRP	TRP	86,130	$3.5m0.52%	0.52%	Reduced -830	-830 -0.9%
48	3M CO COM MMM	MMM	32,524	$3.3m0.48%	0.48%	Reduced -1.4k	-1,399 -4.1%
49	BANK AMERICA CORP COM BAC	BAC	105,818	$3.0m0.45%	0.45%	Added +489	+489 0.5%
50	FEDEX CORP COM FDX	FDX	12,245	$3.0m0.45%	0.45%	Reduced -100	-100 -0.8%
51	PFIZER INC COM PFE	PFE	81,968	$3.0m0.45%	0.45%	Added +1.3k	+1,278 1.6%
52	ACTIVISION BLIZZARD INC COM ATVI	ATVI	32,812	$2.8m0.41%	0.41%	Added +773	+773 2.4%
53	SYSCO CORP COM SYY	SYY	36,952	$2.7m0.41%	0.41%	Reduced -40	-40 -0.1%
54	PHILLIPS 66 COM PSX	PSX	28,185	$2.7m0.40%	0.40%	Added +1.9k	+1,855 7.0%
55	COSTCO WHSL CORP NEW COM COST	COST	4,961	$2.7m0.40%	0.40%	Unchanged
56	SCHWAB CHARLES CORP COM SCHW	SCHW	46,771	$2.7m0.39%	0.39%	Reduced -431	-431 -0.9%
57	MERCK & CO INC COM MRK	MRK	22,909	$2.6m0.39%	0.39%	Reduced -219	-219 -0.9%
58	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	38,278	$2.4m0.36%	0.36%	Reduced -273	-273 -0.7%
59	DEERE & CO COM DE	DE	5,715	$2.3m0.34%	0.34%	Added +423	+423 8.0%
60	BANK NEW YORK MELLON CORP COM BNY	BNY	49,892	$2.2m0.33%	0.33%	Reduced -3.4k	-3,383 -6.3%
61	Berkshire Hathaway COM COM		4	$2.1m0.31%	0.31%	Unchanged
62	COLGATE PALMOLIVE CO COM CL	CL	26,397	$2.0m0.30%	0.30%	Added +280	+280 1.1%
63	MARRIOTT INTL INC NEW CL A MAR	MAR	10,960	$2.0m0.30%	0.30%	Unchanged
64	FREEPORT-MCMORAN INC CL B FCX	FCX	50,238	$2.0m0.30%	0.30%	Added +21.7k	+21,684 75.9%
65	EXPEDITORS INTL WASH INC COM EXPD	EXPD	16,420	$2.0m0.30%	0.30%	Unchanged
66	EATON CORP PLC SHS ETN	ETN	9,793	$2.0m0.29%	0.29%	Reduced -250	-250 -2.5%
67	TRINET GROUP INC COM TNET	TNET	20,365	$1.9m0.29%	0.29%	Reduced -600	-600 -2.9%
68	KINDER MORGAN INC DEL COM KMI	KMI	110,873	$1.9m0.28%	0.28%	Reduced -547	-547 -0.5%
69	D R HORTON INC COM DHI	DHI	12,296	$1.5m0.22%	0.22%	Reduced -53	-53 -0.4%
70	STRYKER CORPORATION COM SYK	SYK	4,807	$1.5m0.22%	0.22%	Reduced -45	-45 -0.9%
71	CANADIAN NATL RY CO COM CNI	CNI	10,775	$1.3m0.19%	0.19%	Added +1.3k	+1,300 13.7%
72	DEVON ENERGY CORP NEW COM DVN	DVN	25,830	$1.2m0.19%	0.19%	Added +3.7k	+3,705 16.8%
73	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	3,227	$1.2m0.18%	0.18%	Reduced -64	-64 -1.9%
74	IDEXX LABS INC COM IDXX	IDXX	2,280	$1.1m0.17%	0.17%	Unchanged
75	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	13,818	$1.1m0.17%	0.17%	Added +249	+249 1.8%
76	DIAGEO PLC SPON ADR NEW DEO	DEO	6,450	$1.1m0.17%	0.17%	Added +700	+700 12.2%
77	NEWMONT CORP COM NEM	NEM	24,500	$1.0m0.16%	0.16%	Added +1.9k	+1,859 8.2%
78	ADOBE INC COM ADBE	ADBE	2,108	$1.0m0.15%	0.15%	Added +45	+45 2.2%
79	ELI LILLY & CO COM LLY	LLY	2,148	$1.0m0.15%	0.15%	Reduced -82	-82 -3.7%
80	AT&T INC COM T	T	59,628	$951.1k0.14%	0.14%	Reduced -2.7k	-2,682 -4.3%
81	BLACKSTONE INC COM BX	BX	8,714	$810.1k0.12%	0.12%	Added +542	+542 6.6%
82	CHURCH & DWIGHT CO INC COM CHD	CHD	7,620	$763.8k0.11%	0.11%	Unchanged
83	MEDTRONIC PLC SHS MDT	MDT	7,914	$697.2k0.10%	0.10%	Reduced -200	-200 -2.5%
84	UNITEDHEALTH GROUP INC COM UNH	UNH	1,364	$655.6k0.10%	0.10%	Added +140	+140 11.4%
85	ALLSTATE CORP COM ALL	ALL	5,884	$641.6k0.10%	0.10%	Unchanged
86	AMGEN INC COM AMGN	AMGN	2,853	$633.4k0.09%	0.09%	Reduced -7	-7 -0.2%
87	BP PLC SPONSORED ADR BP	BP	17,527	$618.5k0.09%	0.09%	Unchanged
88	CINTAS CORP COM CTAS	CTAS	1,244	$618.4k0.09%	0.09%	Unchanged
89	CORTEVA INC COM CTVA	CTVA	10,636	$609.4k0.09%	0.09%	Unchanged
90	DOW INC COM DOW	DOW	11,154	$594.1k0.09%	0.09%	Unchanged
91	VERIZON COMMUNICATIONS INC COM VZ	VZ	15,932	$592.5k0.09%	0.09%	Added +604	+604 3.9%
92	NIKE INC CL B NKE	NKE	4,945	$545.8k0.08%	0.08%	Unchanged
93	CONOCOPHILLIPS COM COP	COP	4,997	$517.7k0.08%	0.08%	Added +505	+505 11.2%
94	CHUBB LIMITED COM CB	CB	2,602	$501.0k0.07%	0.07%	Unchanged
95	OCCIDENTAL PETE CORP COM OXY	OXY	8,340	$490.4k0.07%	0.07%	Added +2.4k	+2,365 39.6%
96	DUPONT DE NEMOURS INC COM DWDP	DWDP	6,862	$490.2k0.07%	0.07%	Unchanged
97	MARKEL GROUP INC COM MKL	MKL	346	$478.6k0.07%	0.07%	Unchanged
98	CISCO SYS INC COM CSCO	CSCO	9,122	$472.0k0.07%	0.07%	Added +13	+13 0.1%
99	BOEING CO COM BA	BA	2,226	$470.0k0.07%	0.07%	Unchanged
100	AUTOZONE INC COM AZO	AZO	180	$448.8k0.07%	0.07%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
FRANCHISE GROUP INC		22,490	$612.9k22.5k shares
ABBVIE INC ABBV	ABBV	1,345	$214.4k1.3k shares
UNIVERSAL DISPLAY CORP OLED	OLED	1,300	$201.7k1.3k shares