Home › Companies › The Baldwin Insurance Group, Inc. › 2025-2026
Compiled from SEC Form N-PX filings and The Baldwin Insurance Group, Inc.’s Form 8-K, filed 2026-06-04 (Item 5.07 on EDGAR). Page generated 04 October 2026.
Proxy season: 2024-2025 2025-2026
Explore The Baldwin Insurance Group, Inc. in the interactive database Compare manager voting policies
These tallies are The Baldwin Insurance Group, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-06-04 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Lowry Baldwin | 94,869,684 | -- | -- | 4,282,765 | 10,510,460 | Majority: yes |
| Elect Director: Sathish Muthukrishnan | 98,197,244 | -- | -- | 955,205 | 10,510,460 | Majority: yes |
| Elect Director: Sunita Parasuraman | 98,076,188 | -- | -- | 1,076,261 | 10,510,460 | Majority: yes |
| Elect Director: Ellyn Shook | 81,501,294 | -- | -- | 17,651,155 | 10,510,460 | Majority: yes |
| Proposal 2: Advisory vote on the compensation of the Company's named executive officers ("Say-on-Pay" vote) The shareholders voted to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as described in the Proxy | 94,240,293 | 4,125,200 | 786,956 | -- | 10,510,460 | Majority: yes |
| Proposal 3: Ratification of Appointment of Independent Registered Public Accounting Firm The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, | 109,549,914 | 62,128 | 50,867 | -- | -- | Passed |
Source: The Baldwin Insurance Group, Inc., Form 8-K, filed with the SEC on 2026-06-04 — read the filing on EDGAR.
Each item below shows how the 268 asset managers that disclosed a The Baldwin Insurance Group, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.
Combines 6 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
The Baldwin Insurance Group, Inc.’s own tally for this item (“Proposal 2: Advisory vote on the compensation of the Company's named executive officers ("Say-on-Pay" vote) The shareholders voted to approve, on a non-binding advisory basis, the compensation of the Company's named exec”): 94,240,293 for, 4,125,200 against, per its Form 8-K filed 2026-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 267 asset managers below cast 91% of the shares they voted on this item FOR (69,407,714 for, 6,541,522 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Fidelity | 20,469,014 | 0 | 0 | 0 | For |
| Vanguard | 7,495,071 | 1 | 2 | 0 | For |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 5,340,827 | 0 | 0 | 0 | For |
| Capital Group | 0 | 4,829,963 | 0 | 0 | Against |
| BAMCO INC /NY/ | 2,710,068 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 2,700,000 | 0 | 0 | 0 | For |
| BlackRock | 2,528,131 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 2,031,990 | 0 | 0 | 0 | For |
| NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST | 1,789,541 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 1,592,548 | 0 | 0 | 0 | For |
| American Century | 1,582,765 | 0 | 0 | 0 | For |
| Capital Research Global Investors | 0 | 1,542,849 | 0 | 0 | Against |
| Janus Henderson | 1,473,458 | 0 | 0 | 0 | For |
| Newton Investment Management North America, LLC | 1,365,618 | 0 | 0 | 0 | For |
| Charles Schwab | 1,356,109 | 0 | 0 | 0 | For |
| WILLIAM BLAIR FUNDS | 1,325,751 | 0 | 0 | 0 | For |
| State Street | 1,188,190 | 2,360 | 0 | 0 | For |
| BNY Mellon | 928,933 | 0 | 0 | 0 | For |
| WESTWOOD HOLDINGS GROUP INC | 829,015 | 0 | 0 | 0 | For |
| Venator Management LLC | 0 | 0 | 763,645 | 0 | Abstain |
| Artisan | 723,859 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 603,469 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 573,874 | 0 | 0 | 0 | For |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | 553,732 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 552,764 | 0 | 0 | 0 | For |
Showing the 25 largest of 267 asset managers. See all 267 in the interactive database.
Combines 2 wordings of this item as funds reported it.
99.9% Passed · of votes cast
The Baldwin Insurance Group, Inc.’s own tally for this item (“Proposal 3: Ratification of Appointment of Independent Registered Public Accounting Firm The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm”): 109,549,914 for, 62,128 against — passed, per its Form 8-K filed 2026-06-04 (Item 5.07). Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 74 asset managers below cast 100% of the shares they voted on this item FOR (34,152,068 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Fidelity | 10,758,474 | 0 | 0 | 0 | For |
| Vanguard | 6,896,502 | 0 | 0 | 0 | For |
| Capital Group | 3,186,406 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 2,700,000 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 1,592,548 | 0 | 0 | 0 | For |
| BlackRock | 1,415,582 | 0 | 0 | 0 | For |
| WILLIAM BLAIR FUNDS | 1,325,751 | 0 | 0 | 0 | For |
| BNY Mellon | 802,573 | 0 | 0 | 0 | For |
| Charles Schwab | 677,519 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 603,469 | 0 | 0 | 0 | For |
| American Century | 602,556 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 573,874 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 552,764 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 472,000 | 0 | 0 | 0 | For |
| Tributary Funds, Inc. | 219,868 | 0 | 0 | 0 | For |
| NICHOLAS Ltd EDITION, INC. | 182,595 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 136,943 | 0 | 0 | 0 | For |
| State Street | 126,075 | 0 | 0 | 0 | For |
| Equitable | 114,948 | 0 | 0 | 0 | For |
| TIMOTHY PLAN | 100,248 | 0 | 0 | 0 | For |
| BUFFALO FUNDS | 96,920 | 0 | 0 | 0 | For |
| MADISON FUNDS | 89,332 | 0 | 0 | 0 | For |
| Northwestern Mutual | 79,892 | 0 | 0 | 0 | For |
| T. Rowe Price | 69,591 | 0 | 0 | 0 | For |
| Lincoln Financial | 67,521 | 0 | 0 | 0 | For |
Showing the 25 largest of 74 asset managers. See all 74 in the interactive database.
Combines 5 wordings of this item as funds reported it.
82% Majority: yes · of votes cast
The Baldwin Insurance Group, Inc.’s own tally for this item (“Elect Director: Ellyn Shook”): 81,501,294 for, 17,651,155 withheld, per its Form 8-K filed 2026-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 73 asset managers below cast 100% of the shares they voted on this item FOR (26,784,274 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Fidelity | 10,758,474 | 0 | 0 | 0 | For |
| Vanguard | 6,887,491 | 0 | 9,011 | 0 | For |
| Capital Group | 3,186,406 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 0 | 2,700,000 | 0 | Abstain |
| Delaware/Macquarie | 0 | 0 | 1,592,548 | 0 | Abstain |
| BlackRock | 1,415,582 | 0 | 0 | 0 | For |
| WILLIAM BLAIR FUNDS | 0 | 0 | 1,325,751 | 0 | Abstain |
| BNY Mellon | 799,755 | 0 | 2,818 | 0 | For |
| Charles Schwab | 677,519 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 603,469 | 0 | 0 | 0 | For |
| American Century | 0 | 0 | 602,556 | 0 | Abstain |
| JANUS INVESTMENT FUND | 573,874 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 552,764 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 472,000 | 0 | 0 | 0 | For |
| NICHOLAS Ltd EDITION, INC. | 0 | 0 | 182,595 | 0 | Abstain |
| Bridge Builder Trust | 18,215 | 0 | 118,728 | 0 | Abstain |
| State Street | 94,146 | 0 | 31,929 | 0 | For |
| Equitable | 42,098 | 0 | 72,850 | 0 | Abstain |
| TIMOTHY PLAN | 0 | 0 | 100,248 | 0 | Abstain |
| BUFFALO FUNDS | 96,920 | 0 | 0 | 0 | For |
| MADISON FUNDS | 89,332 | 0 | 0 | 0 | For |
| Northwestern Mutual | 79,892 | 0 | 0 | 0 | For |
| T. Rowe Price | 69,591 | 0 | 0 | 0 | For |
| Lincoln Financial | 63,500 | 0 | 4,021 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 60,553 | 0 | Abstain |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
Combines 5 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
The Baldwin Insurance Group, Inc.’s own tally for this item (“Elect Director: Lowry Baldwin”): 94,869,684 for, 4,282,765 withheld, per its Form 8-K filed 2026-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 73 asset managers below cast 100% of the shares they voted on this item FOR (32,840,107 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Fidelity | 10,758,474 | 0 | 0 | 0 | For |
| Vanguard | 6,893,673 | 0 | 2,829 | 0 | For |
| Capital Group | 3,186,406 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 2,700,000 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 1,592,548 | 0 | 0 | 0 | For |
| BlackRock | 1,415,582 | 0 | 0 | 0 | For |
| WILLIAM BLAIR FUNDS | 1,325,751 | 0 | 0 | 0 | For |
| BNY Mellon | 802,573 | 0 | 0 | 0 | For |
| Charles Schwab | 677,519 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 0 | 0 | 603,469 | 0 | Abstain |
| American Century | 602,556 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 573,874 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 552,764 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 472,000 | 0 | 0 | 0 | For |
| NICHOLAS Ltd EDITION, INC. | 182,595 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 136,943 | 0 | 0 | 0 | For |
| State Street | 126,075 | 0 | 0 | 0 | For |
| Equitable | 42,098 | 0 | 72,850 | 0 | Abstain |
| TIMOTHY PLAN | 100,248 | 0 | 0 | 0 | For |
| BUFFALO FUNDS | 96,920 | 0 | 0 | 0 | For |
| MADISON FUNDS | 0 | 0 | 89,332 | 0 | Abstain |
| Northwestern Mutual | 79,892 | 0 | 0 | 0 | For |
| T. Rowe Price | 69,591 | 0 | 0 | 0 | For |
| Lincoln Financial | 63,500 | 0 | 4,021 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 60,553 | 0 | Abstain |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.0% Majority: yes · of votes cast
The Baldwin Insurance Group, Inc.’s own tally for this item (“Elect Director: Sathish Muthukrishnan”): 98,197,244 for, 955,205 withheld, per its Form 8-K filed 2026-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 73 asset managers below cast 100% of the shares they voted on this item FOR (33,710,057 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Fidelity | 10,758,474 | 0 | 0 | 0 | For |
| Vanguard | 6,896,500 | 0 | 2 | 0 | For |
| Capital Group | 3,186,406 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 2,700,000 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 1,592,548 | 0 | 0 | 0 | For |
| BlackRock | 1,415,582 | 0 | 0 | 0 | For |
| WILLIAM BLAIR FUNDS | 1,325,751 | 0 | 0 | 0 | For |
| BNY Mellon | 802,573 | 0 | 0 | 0 | For |
| Charles Schwab | 677,519 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 603,469 | 0 | 0 | 0 | For |
| American Century | 602,556 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 573,874 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 552,764 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 472,000 | 0 | 0 | 0 | For |
| NICHOLAS Ltd EDITION, INC. | 182,595 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 136,943 | 0 | 0 | 0 | For |
| State Street | 126,075 | 0 | 0 | 0 | For |
| Equitable | 42,098 | 0 | 72,850 | 0 | Abstain |
| TIMOTHY PLAN | 100,248 | 0 | 0 | 0 | For |
| BUFFALO FUNDS | 96,920 | 0 | 0 | 0 | For |
| MADISON FUNDS | 89,332 | 0 | 0 | 0 | For |
| Northwestern Mutual | 79,892 | 0 | 0 | 0 | For |
| T. Rowe Price | 69,591 | 0 | 0 | 0 | For |
| Lincoln Financial | 63,500 | 0 | 4,021 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 60,553 | 0 | Abstain |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
The Baldwin Insurance Group, Inc.’s own tally for this item (“Elect Director: Sunita Parasuraman”): 98,076,188 for, 1,076,261 withheld, per its Form 8-K filed 2026-06-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.
The 73 asset managers below cast 100% of the shares they voted on this item FOR (33,603,110 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Fidelity | 10,758,474 | 0 | 0 | 0 | For |
| Vanguard | 6,890,343 | 0 | 6,159 | 0 | For |
| Capital Group | 3,186,406 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 2,700,000 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 1,592,548 | 0 | 0 | 0 | For |
| BlackRock | 1,415,582 | 0 | 0 | 0 | For |
| WILLIAM BLAIR FUNDS | 1,325,751 | 0 | 0 | 0 | For |
| BNY Mellon | 802,573 | 0 | 0 | 0 | For |
| Charles Schwab | 677,519 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 603,469 | 0 | 0 | 0 | For |
| American Century | 602,556 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 573,874 | 0 | 0 | 0 | For |
| FENIMORE ASSET MANAGEMENT TRUST | 552,764 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 472,000 | 0 | 0 | 0 | For |
| NICHOLAS Ltd EDITION, INC. | 182,595 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 136,943 | 0 | 0 | 0 | For |
| State Street | 125,938 | 0 | 137 | 0 | For |
| Equitable | 42,098 | 0 | 72,850 | 0 | Abstain |
| TIMOTHY PLAN | 0 | 0 | 100,248 | 0 | Abstain |
| BUFFALO FUNDS | 96,920 | 0 | 0 | 0 | For |
| MADISON FUNDS | 89,332 | 0 | 0 | 0 | For |
| Northwestern Mutual | 79,892 | 0 | 0 | 0 | For |
| T. Rowe Price | 69,591 | 0 | 0 | 0 | For |
| Lincoln Financial | 63,500 | 0 | 4,021 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 60,553 | 0 | Abstain |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
Ranked by the number of The Baldwin Insurance Group, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 93,798,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Fidelity | 21.82% |
| 2 | Vanguard | 7.99% |
| 3 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 5.69% |
| 4 | Capital Group | 5.15% |
| 5 | BAMCO INC /NY/ | 2.89% |
| 6 | BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 2.88% |
| 7 | BlackRock | 2.70% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 2.17% |
| 9 | NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST | 1.91% |
| 10 | Delaware/Macquarie | 1.70% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| L. Lowry Baldwin | 21.26% | 13G |
| FMR (Fidelity) | 14.88% | 13F |
| FMR LLC | 11.40% | DEF14A |
| Vanguard Group | 7.30% | 13F |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 7.24% | 13G |
| BlackRock | 7.09% | 13F |
| The Villages Invesco, LLC | 6.68% | DEF14A |
| Glazer Capital, LLC | 5.52% | 13G |
| BNY Mellon | 4.18% | 13F |
| Champlain Investment Partners, LLC | 4.17% | 13G |
Percentages above are of 93,798,000 shares outstanding, as reported by The Baldwin Insurance Group, Inc. on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from The Baldwin Insurance Group, Inc.’s 10-Q dated 2026-03-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.
At The Baldwin Insurance Group, Inc.'s shareholder meeting held 2026-06-04, in the 2025-2026 proxy season, 268 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 1,558 separate fund positions. On the most widely held item on that ballot — To approve, on an advisory basis, the compensation of our named executive officers. — FOR was 96% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: The Baldwin Insurance Group, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2026-06-04.
The Baldwin Insurance Group, Inc. proxy season coverage: 2024-2025 · 2025-2026 (this page).