Notable Holders of Baldwin & Lyons, Inc. (BWINB)
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* Does Not Fully Represent All Holders
| Fund | Title | Shares | % Owned | Source |
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| BlackRock Institutional Trust Company, N.A. | CL B | 445,041 | 3.60% | 13F |
| BlackRock Fund Advisors | CL B | 315,557 | 2.55% | 13F |
| Emerald Acquisition Ltd. | Common Stocks | 140,812 | 1.14% | 13F |
| RUSSELL FRANK CO/ | Common Stocks | 97,800 | 0.79% | 13F |
| BlackRock Investment Management, LLC | CL B | 40,088 | 0.32% | 13F |
| Commonwealth Equity Services, Inc | CL B | 23,829 | 0.19% | 13F |
| SEI TRUST CO | COM | 8,276 | 0.07% | 13F |
| BLACKROCK ADVISORS LLC | CL B | 7,299 | 0.06% | 13F |
| BlackRock Group LTD | CL B | 4,997 | 0.04% | 13F |
| FNY Managed Accounts LLC | COM | 3,480 | 0.03% | 13F |

