Champlain discloses 5.5% stake in Baldwin Insurance

Champlain Investment Partners, LLC reported beneficial ownership of 3,915,879 shares of Baldwin Insurance Group, Inc. common stock, representing 5.5% of the class as of the reported date.

Rhea-AI Filing Summary

Champlain Investment Partners, LLC reported beneficial ownership of 3,915,879 shares of Baldwin Insurance Group, Inc. common stock, representing 5.5% of the class as of the reported date. Champlain has sole voting power over 2,916,824 shares and sole dispositive power over 3,915,879 shares, with no shared voting or dispositive power.

The firm is a Vermont-based investment adviser filing on a passive basis and certifies that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Baldwin Insurance Group.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Champlain Investment Partners hold in Baldwin Insurance Group (BWIN)?

Champlain Investment Partners beneficially owns 3,915,879 shares of Baldwin Insurance Group common stock, representing 5.5% of the outstanding class. This makes Champlain a significant institutional shareholder based on the Schedule 13G ownership disclosure.

Does Champlain Investment Partners seek to influence control of Baldwin Insurance Group (BWIN)?

Champlain certifies the shares were acquired and are held in the ordinary course of business, not to change or influence control of Baldwin Insurance Group. The filing is on a passive basis consistent with a typical institutional investment adviser position.

How many Baldwin Insurance Group (BWIN) shares can Champlain vote and dispose of?

Champlain has sole voting power over 2,916,824 Baldwin Insurance Group shares and sole dispositive power over 3,915,879 shares. It reports no shared voting or shared dispositive power over any shares in this Schedule 13G filing.

Why did Champlain Investment Partners file a Schedule 13G for Baldwin Insurance Group (BWIN)?

Champlain filed Schedule 13G because its beneficial ownership in Baldwin Insurance Group common stock reached 5.5% of the class. Crossing the 5% threshold requires public disclosure of holdings and voting and dispositive powers under U.S. securities rules.

What type of entity is Champlain Investment Partners in this Baldwin Insurance Group (BWIN) filing?

Champlain Investment Partners, LLC is a Vermont-based investment adviser reporting beneficial ownership under Schedule 13G. It indicates the position is held in the ordinary course as part of its advisory activities, rather than as an operating company or control shareholder.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/12/2026 - 11:58 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Baldwin Insurance Group, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

05589G102

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 05589G102

1

Names of Reporting Persons

Champlain Investment Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VERMONT

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,916,824.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,915,879.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,915,879.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Baldwin Insurance Group, Inc.
(b)	Address of issuer's principal executive offices: 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA, FLORIDA, 33607
Item 2.
(a)	Name of person filing: Champlain Investment Partners, LLC
(b)	Address or principal business office or, if none, residence: 180 Battery St., Burlington, Vermont 05401
(c)	Citizenship: Vermont
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 05589G102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3915879
(b)	Percent of class: 5.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,916,824.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3915879
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Champlain Investment Partners, LLC

Signature:	Matthew Garcia
Name/Title:	Chief Compliance Officer
Date:	02/12/2026