White Pine Capital LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 5, 2026), White Pine Capital LLC reported 240 stock positions worth $423.2 million. Its top holding was 3M (MMM) at 3.7% of the portfolio, followed by Apple (AAPL, 3.5%) and iShares Core S&P 500 ETF (IVV, 2.8%). Compared with Q1 2026, it opened 17 new positions, sold out of 7, added to 70 and reduced 118. The biggest buy was Genius Sports (GENI, shares +76%) and the biggest sale Axt (AXTI, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0001137429
- Portfolio Value
- $423.2M (Q2 2026)
- SEC Filing
- 0001137429-26-000003 ↗ filed Aug 5, 2026
Holdings Value
Holdings 240 stocks · $423.2M
| MMM 3M Co. | 3.73% | 97,443 | $15.8M | Reduce -0.4% |
| AAPL Apple Inc. | 3.52% | 51,475 | $14.9M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 2.83% | 15,977 | $12.0M | Add +5.6% |
| MSFT Microsoft Corp. | 2.68% | 30,462 | $11.4M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 2.27% | 26,885 | $9.6M | Add +1.4% |
| GE General Electric filed as GE AEROSPACE | 1.71% | 19,388 | $7.2M | Reduce -1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.70% | 9,611 | $7.2M | Add +3.0% |
| AMD Advanced Micro Devices | 1.68% | 12,238 | $7.1M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 1.68% | 29,801 | $7.1M | Add +1.2% |
| JNJ Johnson & Johnson | 1.53% | 25,431 | $6.5M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.48% | 19,172 | $6.3M | Reduce -0.5% |
| CECO Ceco Environmental Corp. | 1.32% | 61,372 | $5.6M | Reduce -4.9% |
| SXI Standex International Corp. | 1.25% | 14,781 | $5.3M | Reduce -2.0% |
| GLD SPDR Gold Shares | 1.20% | 13,821 | $5.1M | Reduce -2.9% |
| V Visa Inc. Class A | 1.20% | 14,798 | $5.1M | Reduce -1.3% |
| NVDA Nvidia Corp. | 1.17% | 24,735 | $4.9M | Add +3.0% |
| WMT Walmart Inc. | 1.15% | 42,794 | $4.8M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 1.05% | 12,561 | $4.4M | Reduce -6.3% |
| MRK Merck & Co. Inc. | 1.04% | 34,201 | $4.4M | Reduce -2.1% |
| CSCO Cisco Systems Inc. | 1.00% | 35,937 | $4.2M | Add +18.1% |
| ATRO Astronics Corp. | 0.97% | 50,391 | $4.1M | Reduce -3.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.96% | 14,492 | $4.1M | Reduce -1.8% |
| MXL Maxlinear Inc. | 0.94% | 31,162 | $4.0M | Reduce -64.6% |
| PFF iShares Preferred & Income S | 0.92% | 127,304 | $3.9M | Reduce -6.3% |
| ADTN Adtran Holdings Inc. | 0.92% | 279,072 | $3.9M | Reduce -22.8% |
| FLOT iShares Floating Rate Bond E | 0.88% | 73,315 | $3.7M | Reduce -22.7% |
| INTC Intel Corp. | 0.84% | 25,508 | $3.6M | Reduce -0.7% |
| WFC Wells Fargo & Co. | 0.84% | 42,834 | $3.5M | Add +0.1% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.83% | 73,626 | $3.5M | Add +0.3% |
| EQIX Equinix Inc. | 0.79% | 3,215 | $3.4M | Reduce -1.7% |
| EFA iShares MSCI Eafe ETF | 0.77% | 31,548 | $3.3M | Add +0.8% |
| AXTI Axt Inc. | 0.77% | 45,288 | $3.3M | Reduce -60.2% |
| MS Morgan Stanley | 0.76% | 15,485 | $3.2M | Reduce -0.4% |
| TRV The Travelers Cos Inc. | 0.76% | 9,779 | $3.2M | Reduce -3.6% |
| INDB Independent Bank Corp. | 0.75% | 38,160 | $3.2M | Add +23.5% |
| GENI Genius Sports Ltd. | 0.75% | 525,215 | $3.2M | Add +75.8% |
| GEV GE Vernova Inc. | 0.75% | 2,692 | $3.2M | Reduce -3.1% |
| EMR Emerson Electric Co. | 0.73% | 21,585 | $3.1M | Reduce -0.8% |
| C Citigroup Inc. | 0.71% | 21,420 | $3.0M | Add +0.4% |
| ELMD Electromed Inc. | 0.70% | 70,000 | $3.0M | Reduce -4.1% |
| ARLO Arlo Technologies Inc. | 0.70% | 218,648 | $2.9M | Add +41.5% |
| ECL Ecolab Inc. | 0.66% | 10,061 | $2.8M | Reduce -1.6% |
| TNC Tennant Co. | 0.66% | 31,876 | $2.8M | Add +49.3% |
| CVX Chevron Corp. | 0.66% | 16,827 | $2.8M | Reduce -12.2% |
| META Meta Platforms Inc. Class A | 0.62% | 4,670 | $2.6M | Reduce -1.0% |
| KRNY Kearny Financial Corp. | 0.62% | 277,770 | $2.6M | Reduce -4.9% |
| PSTL Postal Realty Trust Inc. Class A | 0.60% | 103,277 | $2.5M | Reduce -4.4% |
| TLSI Trisalus Life Sciences Inc. | 0.59% | 547,577 | $2.5M | Add +174.0% |
| IWR iShares Russell Mid-Cap ETF | 0.58% | 22,365 | $2.5M | Add +28.5% |
| AMBA Ambarella Inc. | 0.58% | 28,652 | $2.5M | Add +109.4% |
| BAC Bank of America Corp. | 0.58% | 43,088 | $2.5M | Add +0.9% |
| XOM Exxon Mobil Corp. | 0.58% | 17,926 | $2.5M | Reduce -9.7% |
| PEP Pepsico Inc. | 0.57% | 17,882 | $2.4M | Reduce -0.2% |
| MITK Mitek Systems Inc. | 0.57% | 119,933 | $2.4M | Add +11.4% |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 0.56% | 850,573 | $2.4M | Add +41.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.55% | 19,499 | $2.3M | Add +3.8% |
| WNEB Western New England Bancorp | 0.53% | 156,442 | $2.2M | Reduce -4.7% |
| RDNT Radnet Inc. | 0.52% | 35,726 | $2.2M | Reduce -3.9% |
| INFU Infusystem Holdings Inc. | 0.51% | 225,634 | $2.2M | Add +73.0% |
| AIP Arteris Inc. | 0.51% | 44,625 | $2.2M | Reduce -15.8% |
| NEO Neogenomics Inc. | 0.51% | 148,539 | $2.2M | Reduce -4.8% |
| NGS Natural Gas Services Group | 0.50% | 48,615 | $2.1M | Reduce -5.5% |
| ALL Allstate Corp. | 0.49% | 8,767 | $2.1M | Reduce -6.4% |
| BA The Boeing Co. | 0.48% | 9,450 | $2.0M | Add +1.6% |
| RJF Raymond James Financial Inc. | 0.48% | 13,429 | $2.0M | Reduce -5.5% |
| VZ Verizon Communications Inc. | 0.48% | 47,901 | $2.0M | Reduce -0.6% |
| LMNR Limoneira Co. | 0.48% | 154,404 | $2.0M | Add +34.2% |
| XEFRX Eaton Vance Sr FLTG Rate TR | 0.48% | 191,126 | $2.0M | Reduce -5.7% |
| AXGN Axogen Inc. | 0.47% | 43,238 | $2.0M | Reduce -4.4% |
| ITW Illinois Tool Works | 0.46% | 7,167 | $1.9M | Reduce -0.6% |
| SOLV Solventum Corp. | 0.45% | 24,898 | $1.9M | Reduce -1.0% |
| IVE iShares S&P 500 Value ETF | 0.45% | 8,418 | $1.9M | Add +4.9% |
| ANGO Angiodynamics Inc. | 0.44% | 144,464 | $1.9M | Reduce -5.3% |
| IVW iShares S&P 500 Growth ETF | 0.44% | 13,492 | $1.9M | Reduce -1.6% |
| AVBC Avidia Bancorp Inc. | 0.43% | 86,705 | $1.8M | Reduce -4.4% |
| ABT Abbott Laboratories | 0.42% | 19,645 | $1.8M | Reduce -0.1% |
| STRW Strawberry Fields REIT Inc. | 0.42% | 128,829 | $1.8M | Reduce -3.0% |
| TGT Target Corp. | 0.42% | 13,523 | $1.8M | Add +3.2% |
| PG The Procter & Gamble Co. | 0.42% | 12,034 | $1.8M | Add +6.4% |
| T AT&T Inc. | 0.41% | 84,561 | $1.8M | Reduce -1.6% |
| SDY SS SPDR S&P Dividend ETF | 0.41% | 11,434 | $1.7M | Add +0.5% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.41% | 34,252 | $1.7M | Reduce -8.5% |
| ORCL Oracle Corp. | 0.41% | 11,784 | $1.7M | Add +4.7% |
| DCI Donaldson Co. Inc. | 0.41% | 19,145 | $1.7M | Reduce -0.7% |
| SITM Sitime Corp. | 0.40% | 2,296 | $1.7M | Reduce -56.1% |
| UNH Unitedhealth Group Inc. | 0.40% | 4,041 | $1.7M | Add +0.0% |
| CMT Core Molding Technologies Inc. | 0.40% | 70,977 | $1.7M | Add +193.2% |
| VIAV Viavi Solutions Inc. | 0.39% | 34,473 | $1.6M | Reduce -26.7% |
| LGCY Legacy Education Inc. | 0.39% | 139,596 | $1.6M | Add +26.8% |
| NFLX Netflix Inc. | 0.39% | 22,888 | $1.6M | Add +0.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.37% | 26,046 | $1.6M | Add +14.9% |
| XEL Xcel Energy Inc. | 0.37% | 19,525 | $1.6M | Reduce -0.7% |
| PGX Invesco Preferred ETF | 0.36% | 142,003 | $1.5M | Reduce -7.2% |
| COHR Coherent Corp. | 0.35% | 3,809 | $1.5M | Reduce -3.0% |
| RTX RTX Corp. | 0.35% | 7,827 | $1.5M | Add +1.5% |
| MCD McDonald's Corp. | 0.35% | 5,443 | $1.5M | Add +4.6% |
| ABBV Abbvie Inc. | 0.34% | 5,717 | $1.4M | No change |
| TSLA Tesla Inc. | 0.34% | 3,391 | $1.4M | Reduce -2.5% |
| SUB iShares Short-Term National | 0.32% | 12,784 | $1.4M | Add +50.1% |
| SHAK Shake Shack Inc. Class A | 0.32% | 24,079 | $1.3M | Add +130.8% |
Portfolio Sells Q1 2026 → Q2 2026
| AXTI Axt Inc. | Reduce -60.2% | 0.77% | −0.99 |
| GLD SPDR Gold Shares | Reduce -2.9% | 1.20% | −0.46 |
| FLOT iShares Floating Rate Bond E | Reduce -22.7% | 0.88% | −0.43 |
| MSFT Microsoft Corp. | Reduce -1.4% | 2.68% | −0.42 |
| CVX Chevron Corp. | Reduce -12.2% | 0.66% | −0.42 |
| AAOI Applied Optoelectronics Inc. | Sold out | 0.00% | −0.40 |
| HON Honeywell International Inc. | Reduce -50.6% | 0.29% | −0.39 |
| XOM Exxon Mobil Corp. | Reduce -9.7% | 0.58% | −0.34 |
| ADTN Adtran Holdings Inc. | Reduce -22.8% | 0.92% | −0.32 |
| WMT Walmart Inc. | Reduce -0.9% | 1.15% | −0.31 |
| T AT&T Inc. | Reduce -1.6% | 0.41% | −0.26 |
| PFF iShares Preferred & Income S | Reduce -6.3% | 0.92% | −0.20 |
| LEU Centrus Energy Corp. Class A | Sold out | 0.00% | −0.20 |
| JNJ Johnson & Johnson | Reduce -1.4% | 1.53% | −0.19 |
| PEP Pepsico Inc. | Reduce -0.2% | 0.57% | −0.18 |
| VZ Verizon Communications Inc. | Reduce -0.6% | 0.48% | −0.18 |
| HLIT Harmonic Inc. | Sold out | 0.00% | −0.16 |
| MMM 3M Co. | Reduce -0.4% | 3.73% | −0.13 |
| UUUU Energy Fuels Inc. | Reduce -5.0% | 0.25% | −0.13 |
| VELO VELO3D Inc. | Sold out | 0.00% | −0.13 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.42% | −0.13 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -19.6% | 0.28% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -1.0% | 0.62% | −0.11 |
| PHYS Sprott Physical Gold Trust | Reduce -4.1% | 0.27% | −0.11 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -8.5% | 0.41% | −0.11 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -16.3% | 0.30% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -2.1% | 1.04% | −0.10 |
| XEFRX Eaton Vance Sr FLTG Rate TR | Reduce -5.7% | 0.48% | −0.10 |
| XLE SS Energy Select Sector | Reduce -5.8% | 0.25% | −0.10 |
| PGX Invesco Preferred ETF | Reduce -7.2% | 0.36% | −0.09 |
| SITM Sitime Corp. | Reduce -56.1% | 0.40% | −0.09 |
| DUOT Duos Technologies Group Inc. | Sold out | 0.00% | −0.08 |
| EQIX Equinix Inc. | Reduce -1.7% | 0.79% | −0.08 |
| MTZ Mastec Inc. | Sold out | 0.00% | −0.08 |
| ECL Ecolab Inc. | Reduce -1.6% | 0.66% | −0.08 |
| RJF Raymond James Financial Inc. | Reduce -5.5% | 0.48% | −0.08 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.07 |
| ROP Roper Technologies Inc. | Reduce -21.6% | 0.13% | −0.07 |
| KHC The Kraft Heinz Co. | Reduce -16.6% | 0.22% | −0.07 |
| GIS General Mills Inc. | Reduce -29.7% | 0.08% | −0.06 |
| AAPL Apple Inc. | Reduce -0.7% | 3.52% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -0.5% | 1.48% | −0.06 |
| AVBC Avidia Bancorp Inc. | Reduce -4.4% | 0.43% | −0.06 |
| XEL Xcel Energy Inc. | Reduce -0.7% | 0.37% | −0.05 |
| ITW Illinois Tool Works | Reduce -0.6% | 0.46% | −0.05 |
| WNEB Western New England Bancorp | Reduce -4.7% | 0.53% | −0.05 |
| EMR Emerson Electric Co. | Reduce -0.8% | 0.73% | −0.04 |
| RDNT Radnet Inc. | Reduce -3.9% | 0.52% | −0.04 |
| HLMN Hillman Solutions Corp. | Reduce -6.0% | 0.21% | −0.04 |
| TRV The Travelers Cos Inc. | Reduce -3.6% | 0.76% | −0.04 |
Portfolio Buys Q1 2026 → Q2 2026
| GENI Genius Sports Ltd. | Add +75.8% | 0.75% | +0.39 |
| AMBA Ambarella Inc. | Add +109.4% | 0.58% | +0.39 |
| TLSI Trisalus Life Sciences Inc. | Add +174.0% | 0.59% | +0.37 |
| CSCO Cisco Systems Inc. | Add +18.1% | 1.00% | +0.36 |
| HONA Honeywell Aerospace Inc. | New | 0.29% | +0.29 |
| TNC Tennant Co. | Add +49.3% | 0.66% | +0.27 |
| CMT Core Molding Technologies Inc. | Add +193.2% | 0.40% | +0.25 |
| CEG Constellation Energy | New | 0.21% | +0.21 |
| RILY BRC Group Holdings Inc. | New | 0.21% | +0.21 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 2.27% | +0.20 |
| FLL Full House Resorts Inc. | Add +41.1% | 0.56% | +0.19 |
| BWMN Bowman Consulting Group Ltd. | New | 0.19% | +0.19 |
| INFU Infusystem Holdings Inc. | Add +73.0% | 0.51% | +0.19 |
| ATROB Astronics Corp. Class B | New | 0.18% | +0.18 |
| MITK Mitek Systems Inc. | Add +11.4% | 0.57% | +0.18 |
| SPCX Space Exploration Techn Class A | New | 0.16% | +0.16 |
| ENVX Enovix Corp. | Add +116.6% | 0.28% | +0.15 |
| IVV iShares Core S&P 500 ETF | Add +5.6% | 2.83% | +0.14 |
| INDB Independent Bank Corp. | Add +23.5% | 0.75% | +0.12 |
| IWR iShares Russell Mid-Cap ETF | Add +28.5% | 0.58% | +0.12 |
| CYRX Cryoport Inc. | New | 0.12% | +0.12 |
| STLN Starling Oncology Inc. | New | 0.11% | +0.11 |
| UNH Unitedhealth Group Inc. | Add +0.0% | 0.40% | +0.10 |
| ARLO Arlo Technologies Inc. | Add +41.5% | 0.70% | +0.10 |
| QQQ Invesco QQQ Trust Series 1 | Add +54.5% | 0.23% | +0.10 |
| MPLX MPLX LP | New | 0.08% | +0.08 |
| FWRG First Watch Restaurant Group | Add +43.5% | 0.22% | +0.08 |
| TRNS Transcat Inc. | New | 0.08% | +0.08 |
| SUB iShares Short-Term National | Add +50.1% | 0.32% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.07% | +0.07 |
| SHAK Shake Shack Inc. Class A | Add +130.8% | 0.32% | +0.07 |
| LMNR Limoneira Co. | Add +34.2% | 0.48% | +0.06 |
| SLB SLB Ltd. | New | 0.06% | +0.06 |
| CVS CVS Health Corp. | New | 0.06% | +0.06 |
| IJH iShares Core S&P Midcap ETF | New | 0.05% | +0.05 |
| AMAT Applied Materials Inc. | New | 0.05% | +0.05 |
| C Citigroup Inc. | Add +0.4% | 0.71% | +0.05 |
| HEFA Isha Curr Hedged MSCI Eafe | New | 0.05% | +0.05 |
| ITOT iShares Core S&P Total U.S. | New | 0.05% | +0.05 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +3.8% | 0.55% | +0.05 |
| SERV Serve Robotics Inc. | Add +105.9% | 0.16% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.0% | 1.70% | +0.04 |
| TLS Telos Corporation | Add +23.2% | 0.27% | +0.04 |
| NVDA Nvidia Corp. | Add +3.0% | 1.17% | +0.03 |
| AVGO Broadcom Inc. | Add +5.4% | 0.27% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +18.6% | 0.17% | +0.03 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +14.9% | 0.37% | +0.03 |
| KRMD Koru Medical Systems Inc. | Add +28.6% | 0.28% | +0.02 |
| UPS United Parcel Service Class B | Add +19.9% | 0.18% | +0.02 |
| EEM iShares MSCI Emerging Market | Add +3.4% | 0.23% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 240 | $423.2M | MMM, AAPL, IVV, MSFT, GOOGL |
| Q1 2026Amended | 230 | $367.7M | MMM, AAPL, MSFT, IVV, GOOGL |
| Q4 2025 | 219 | $363.4M | MMM, MSFT, AAPL, IVV, GOOGL |
| Q3 2025 | 225 | $349.2M | MSFT, MMM, AAPL, IVV, SPY |
| Q2 2025 | 221 | $315.1M | MSFT, MMM, AAPL, IVV, AMZN |
| Q1 2025 | 225 | $288.7M | MMM, AAPL, MSFT, IVV, SPY |
| Q4 2024 | 218 | $296.8M | AAPL, MSFT, MMM, IVV, AMZN |
| Q3 2024 | 215 | $292.7M | MMM, MSFT, AAPL, IVV, SPY |
| Q2 2024 | 210 | $263.9M | MSFT, AAPL, MMM, IVV, SPY |
| Q1 2024 | 211 | $262.9M | MSFT, MMM, AAPL, IVV, SPY |