White Pine Capital LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), White Pine Capital LLC reported 211 stock positions worth $262.9 million. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by 3M (MMM, 3.6%) and Apple (AAPL, 3.4%). Compared with Q4 2023, it opened 12 new positions, sold out of 3, added to 109 and reduced 72. The biggest buy was a new position in Solventum (SOLV) and the biggest sale 3M (MMM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0001137429
- Portfolio Value
- $262.9M (Q1 2024)
- SEC Filing
- 0001137429-24-000002 ↗ filed May 13, 2024
Holdings Value
Holdings 211 stocks · $262.9M
| MSFT Microsoft Corp. | 4.45% | 30,072 | $11.7M | Reduce -0.3% |
| MMM 3M Co. | 3.58% | 97,641 | $9.4M | Reduce -0.3% |
| AAPL Apple Inc. | 3.43% | 52,982 | $9.0M | Add +1.9% |
| IVV iShares Core S&P 500 ETF | 2.42% | 12,635 | $6.4M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.07% | 10,830 | $5.4M | Add +5.2% |
| MRK Merck & Co. Inc. | 1.80% | 36,684 | $4.7M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 1.72% | 25,846 | $4.5M | Add +3.3% |
| GOOGL Alphabet Inc. Class A | 1.66% | 26,766 | $4.4M | Add +0.3% |
| FLOT iShares Floating Rate Bond E | 1.61% | 83,015 | $4.2M | Reduce -24.3% |
| XEFRX Eaton Vance Sr FLTG Rate TR | 1.60% | 321,229 | $4.2M | Reduce -18.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.56% | 80,756 | $4.1M | Reduce -17.8% |
| V Visa Inc. Class A | 1.53% | 14,932 | $4.0M | Reduce -0.1% |
| JNJ Johnson & Johnson | 1.49% | 27,027 | $3.9M | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 1.33% | 18,257 | $3.5M | Add +3.1% |
| TGT Target Corp. | 1.28% | 20,920 | $3.4M | Add +0.1% |
| PFF iShares Preferred & Income S | 1.25% | 105,822 | $3.3M | Add +17.7% |
| GE General Electric | 1.25% | 20,240 | $3.3M | Add +2.6% |
| CVX Chevron Corp. | 1.19% | 19,460 | $3.1M | Reduce -0.8% |
| PEP Pepsico Inc. | 1.15% | 17,173 | $3.0M | Add +1.3% |
| GLD SPDR Gold Shares | 1.09% | 13,505 | $2.9M | Reduce -0.3% |
| CECO Ceco Environmental Corp. | 1.02% | 124,416 | $2.7M | Add +1.8% |
| SXI Standex International Corp. | 1.01% | 15,427 | $2.7M | Add +1.3% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.99% | 66,325 | $2.6M | Reduce -1.4% |
| WFC Wells Fargo & Co. | 0.98% | 43,544 | $2.6M | Reduce -2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.96% | 15,209 | $2.5M | Add +1.1% |
| EMR Emerson Electric Co. | 0.94% | 22,923 | $2.5M | Add +2.1% |
| LMNR Limoneira Co. | 0.91% | 121,357 | $2.4M | Add +7.7% |
| RDNT Radnet Inc. | 0.90% | 48,703 | $2.4M | Reduce -19.8% |
| EQIX Equinix Inc. | 0.88% | 3,255 | $2.3M | Reduce -0.5% |
| EFA iShares MSCI Eafe ETF | 0.88% | 29,944 | $2.3M | Reduce -2.9% |
| WMT Walmart Inc. | 0.88% | 38,796 | $2.3M | Add +8.0% |
| XOM Exxon Mobil Corp. | 0.88% | 19,464 | $2.3M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 0.87% | 13,946 | $2.3M | Reduce -3.5% |
| ECL Ecolab Inc. | 0.87% | 10,151 | $2.3M | Add +0.5% |
| TRV The Travelers Cos Inc. | 0.82% | 10,120 | $2.1M | Add +0.3% |
| ABT Abbott Laboratories | 0.79% | 19,543 | $2.1M | Add +0.5% |
| VZ Verizon Communications Inc. | 0.78% | 51,913 | $2.1M | Add +7.0% |
| PGX Invesco Preferred ETF | 0.76% | 176,154 | $2.0M | Add +30.2% |
| HON Honeywell International Inc. | 0.75% | 10,299 | $2.0M | Add +1.2% |
| AVNW Aviat Networks Inc. | 0.75% | 59,035 | $2.0M | Add +1.4% |
| RJF Raymond James Financial Inc. | 0.69% | 14,787 | $1.8M | Add +1.0% |
| ATRO Astronics Corp. | 0.68% | 106,481 | $1.8M | Add +1.9% |
| T AT&T Inc. | 0.64% | 100,111 | $1.7M | Add +4.8% |
| ITW Illinois Tool Works | 0.64% | 6,905 | $1.7M | Add +1.0% |
| GENI Genius Sports Ltd. | 0.62% | 325,914 | $1.6M | Add +3.0% |
| AXTI Axt Inc. | 0.62% | 544,277 | $1.6M | Reduce -11.2% |
| ALL Allstate Corp. | 0.62% | 9,583 | $1.6M | Reduce -0.7% |
| GIS General Mills Inc. | 0.61% | 22,662 | $1.6M | Reduce -1.0% |
| SOLV Solventum Corp. | 0.61% | 24,560 | $1.6M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 41,517 | $1.5M | Add +0.5% |
| DCI Donaldson Co. Inc. | 0.58% | 20,991 | $1.5M | Add +0.4% |
| TIP iShares Tips Bond ETF | 0.57% | 14,149 | $1.5M | Reduce -13.2% |
| PG The Procter & Gamble Co. | 0.56% | 9,013 | $1.5M | Add +2.1% |
| SDY SS SPDR S&P Dividend ETF | 0.56% | 11,486 | $1.5M | Reduce -3.0% |
| CSCO Cisco Systems Inc. | 0.55% | 30,802 | $1.4M | Add +4.6% |
| NVDA Nvidia Corp. | 0.53% | 1,619 | $1.4M | Add +18.3% |
| MS Morgan Stanley | 0.53% | 15,325 | $1.4M | Add +0.3% |
| IWR iShares Russell Mid-Cap ETF | 0.53% | 17,411 | $1.4M | Reduce -9.0% |
| SWKS Skyworks Solutions Inc. | 0.53% | 12,988 | $1.4M | Reduce -0.2% |
| IVE iShares S&P 500 Value ETF | 0.52% | 7,639 | $1.4M | Reduce -7.4% |
| IVW iShares S&P 500 Growth ETF | 0.51% | 16,348 | $1.3M | Add +2.1% |
| KHC The Kraft Heinz Co. | 0.49% | 33,390 | $1.3M | Reduce -0.6% |
| C Citigroup Inc. | 0.48% | 20,687 | $1.3M | Reduce -1.1% |
| ROP Roper Technologies Inc. | 0.48% | 2,460 | $1.3M | Add +14.7% |
| MCD McDonald's Corp. | 0.48% | 4,594 | $1.3M | Add +4.8% |
| ALNT Allient Inc. | 0.47% | 42,181 | $1.2M | Add +2.9% |
| BA The Boeing Co. | 0.47% | 7,326 | $1.2M | Reduce -0.2% |
| ORCL Oracle Corp. | 0.45% | 10,451 | $1.2M | Reduce -1.1% |
| HRL Hormel Foods Corp. | 0.45% | 32,948 | $1.2M | Reduce -4.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.44% | 16,559 | $1.2M | Add +8.5% |
| NGS Natural Gas Services Group | 0.44% | 52,426 | $1.2M | Add +3.5% |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 0.44% | 225,876 | $1.2M | Add +2.4% |
| MDY State Street SPDR S&P Midcap | 0.42% | 2,132 | $1.1M | Add +0.5% |
| INFU Infusystem Holdings Inc. | 0.42% | 146,893 | $1.1M | Reduce -1.6% |
| XLE SS Energy Select Sector | 0.42% | 11,690 | $1.1M | Reduce -3.2% |
| TRNS Transcat Inc. | 0.41% | 10,060 | $1.1M | Add +3.8% |
| SRDX Surmodics Inc. | 0.41% | 41,998 | $1.1M | Add +1.6% |
| INTC Intel Corp. | 0.41% | 35,039 | $1.1M | Add +2.2% |
| XEL Xcel Energy Inc. | 0.41% | 19,830 | $1.1M | Reduce -2.1% |
| HDV iShares Core High Dividend E | 0.40% | 9,823 | $1.1M | Add +3.8% |
| KVUE Kenvue Inc. | 0.40% | 55,469 | $1.0M | Add +0.1% |
| BMY Bristol-Myers Squibb Co. | 0.39% | 23,269 | $1.0M | Reduce -0.3% |
| HLIT Harmonic Inc. | 0.38% | 92,238 | $991K | Add +15.7% |
| MITK Mitek Systems Inc. | 0.37% | 76,685 | $969K | Add +1.1% |
| IWM iShares Russell 2000 ETF | 0.36% | 4,835 | $947K | Add +2.0% |
| ABBV Abbvie Inc. | 0.35% | 5,663 | $921K | Add +3.0% |
| PYPL PayPal Holdings Inc. | 0.35% | 13,492 | $916K | Reduce -2.0% |
| RBBN Ribbon Communications Inc. | 0.34% | 280,051 | $888K | Add +3.5% |
| IUSV iShares Core S&P U.S. Value | 0.32% | 9,606 | $831K | Reduce -6.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 7,460 | $829K | Add +5.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.31% | 17,092 | $820K | Add +3.0% |
| META Meta Platforms Inc. Class A | 0.31% | 1,879 | $808K | Add +33.0% |
| EBC Eastern Bankshares Inc. | 0.31% | 64,031 | $804K | Add +4.8% |
| ANGL Vaneck Fallen Angel High YLD | 0.30% | 28,215 | $798K | Add +7.0% |
| DHR Danaher Corp. | 0.30% | 3,196 | $788K | Add +31.2% |
| RTX RTX Corp. | 0.30% | 7,757 | $787K | Add +1.9% |
| HLMN Hillman Solutions Corp. | 0.30% | 82,315 | $787K | Add +40.7% |
| LGTY Logility Supply Chain Soluti filed as AMER SOFTWARE INC | 0.30% | 77,760 | $786K | Add +1.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.30% | 19,090 | $776K | Add +21.4% |
| UNH Unitedhealth Group Inc. | 0.29% | 1,590 | $769K | Add +3.0% |
Portfolio Sells Q4 2023 → Q1 2024
| MMM 3M Co. | Reduce -0.3% | 3.58% | −0.54 |
| FLOT iShares Floating Rate Bond E | Reduce -24.3% | 1.61% | −0.52 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -17.8% | 1.56% | −0.38 |
| XEFRX Eaton Vance Sr FLTG Rate TR | Reduce -18.8% | 1.60% | −0.33 |
| CLNE Clean Energy Fuels Corp. | Reduce -41.0% | 0.16% | −0.30 |
| BA The Boeing Co. | Reduce -0.2% | 0.47% | −0.27 |
| INOD Innodata Inc. | Reduce -38.1% | 0.18% | −0.23 |
| INFU Infusystem Holdings Inc. | Reduce -1.6% | 0.42% | −0.19 |
| GLDD Great Lakes Dredge & Dock Co. | Sold out | 0.00% | −0.18 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -42.8% | 0.23% | −0.18 |
| TTEC Ttec Holdings Inc. | Reduce -0.3% | 0.08% | −0.17 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -44.4% | 0.20% | −0.17 |
| JNJ Johnson & Johnson | Reduce -0.6% | 1.49% | −0.16 |
| KRNY Kearny Financial Corp. | Reduce -32.8% | 0.09% | −0.14 |
| EQIX Equinix Inc. | Reduce -0.5% | 0.88% | −0.14 |
| DMTKQ Dermtech Inc. | Sold out | 0.00% | −0.13 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -32.6% | 0.20% | −0.11 |
| ADTN Adtran Holdings Inc. | Reduce -51.6% | 0.04% | −0.11 |
| TIP iShares Tips Bond ETF | Reduce -13.2% | 0.57% | −0.11 |
| XEL Xcel Energy Inc. | Reduce -2.1% | 0.41% | −0.08 |
| PSTL Postal Realty Trust Inc. Class A | Sold out | 0.00% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.3% | 0.39% | −0.07 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -48.9% | 0.16% | −0.07 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -24.9% | 0.16% | −0.07 |
| CVS CVS Health Corp. | Reduce -2.1% | 0.25% | −0.05 |
| IWR iShares Russell Mid-Cap ETF | Reduce -9.0% | 0.53% | −0.05 |
| VIG Vanguard Dividend Apprec ETF | Reduce -26.0% | 0.13% | −0.04 |
| WBD Warner Bros Discovery Inc. | Reduce -3.5% | 0.07% | −0.04 |
| SWKS Skyworks Solutions Inc. | Reduce -0.2% | 0.53% | −0.04 |
| TU Telus Corp. | Reduce -6.1% | 0.18% | −0.04 |
| IVE iShares S&P 500 Value ETF | Reduce -7.4% | 0.52% | −0.03 |
| KRE SS SPDR S&P Regional Bank | Reduce -0.1% | 0.24% | −0.03 |
| DAR Darling Ingredients Inc. | Reduce -7.6% | 0.08% | −0.02 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -1.4% | 0.99% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -10.8% | 0.22% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -5.2% | 0.21% | −0.02 |
| FCX Freeport-McMoran Inc. | Reduce -27.9% | 0.09% | −0.02 |
| IUSV iShares Core S&P U.S. Value | Reduce -6.3% | 0.32% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -2.9% | 0.88% | −0.02 |
| PPG PPG Industries Inc. | Reduce -1.2% | 0.08% | −0.01 |
| USB US Bancorp | Reduce -0.8% | 0.17% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -3.0% | 0.56% | −0.01 |
| LNT Alliant Energy Corp. | Reduce -0.1% | 0.20% | −0.01 |
| EEM iShares MSCI Emerging Market | Reduce -6.6% | 0.12% | −0.01 |
| PNC PNC Financial Services Group | Reduce -0.2% | 0.28% | −0.01 |
| CSX CSX Corp. | Reduce -2.1% | 0.09% | −0.01 |
| WYNN WYNN Resorts Ltd. | Reduce -3.1% | 0.16% | −0.01 |
| IWP iShares Russell Mid-Cap Grow | Reduce -6.0% | 0.13% | −0.01 |
| EWX State Street SPDR S&P Emergi | Reduce -1.2% | 0.15% | −0.00 |
| OSK Oshkosh Corp. | Reduce -3.3% | 0.17% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| SOLV Solventum Corp. | New | 0.61% | +0.61 |
| GE General Electric | Add +2.6% | 1.25% | +0.28 |
| NVDA Nvidia Corp. | Add +18.3% | 0.53% | +0.27 |
| AMZN Amazon.com Inc. | Add +3.3% | 1.72% | +0.25 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 1.66% | +0.22 |
| MXL Maxlinear Inc. | New | 0.20% | +0.20 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.2% | 2.07% | +0.18 |
| RIOT Riot Platforms Inc. | New | 0.18% | +0.18 |
| GEV GE Vernova Inc. | New | 0.17% | +0.17 |
| JPM JPMorgan Chase & Co. | Add +3.1% | 1.33% | +0.17 |
| PFF iShares Preferred & Income S | Add +17.7% | 1.25% | +0.17 |
| PGX Invesco Preferred ETF | Add +30.2% | 0.76% | +0.16 |
| WMT Walmart Inc. | Add +8.0% | 0.88% | +0.15 |
| XOM Exxon Mobil Corp. | Add +2.6% | 0.88% | +0.14 |
| TGT Target Corp. | Add +0.1% | 1.28% | +0.13 |
| NGS Natural Gas Services Group | Add +3.5% | 0.44% | +0.13 |
| META Meta Platforms Inc. Class A | Add +33.0% | 0.31% | +0.11 |
| ECL Ecolab Inc. | Add +0.5% | 0.87% | +0.10 |
| FARO Faro Technologies Inc. | New | 0.10% | +0.10 |
| EMR Emerson Electric Co. | Add +2.1% | 0.94% | +0.10 |
| HLMN Hillman Solutions Corp. | Add +40.7% | 0.30% | +0.09 |
| EB Eventbrite Inc. Class A | New | 0.09% | +0.09 |
| SXI Standex International Corp. | Add +1.3% | 1.01% | +0.09 |
| SHAK Shake Shack Inc. Class A | Add +3.6% | 0.27% | +0.08 |
| KO The Coca-Cola Co. | New | 0.08% | +0.08 |
| DHR Danaher Corp. | Add +31.2% | 0.30% | +0.08 |
| MET Metlife Inc. | New | 0.08% | +0.08 |
| HEFA Isha Curr Hedged MSCI Eafe | New | 0.08% | +0.08 |
| SBUX Starbucks Corp. | New | 0.08% | +0.08 |
| TRV The Travelers Cos Inc. | Add +0.3% | 0.82% | +0.08 |
| VZ Verizon Communications Inc. | Add +7.0% | 0.78% | +0.07 |
| TLS Telos Corporation | New | 0.07% | +0.07 |
| DIS The Walt Disney Co. | Add +5.4% | 0.32% | +0.07 |
| CECO Ceco Environmental Corp. | Add +1.8% | 1.02% | +0.07 |
| SONO Sonos Inc. | New | 0.06% | +0.06 |
| PG The Procter & Gamble Co. | Add +2.1% | 0.56% | +0.06 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +8.5% | 0.44% | +0.06 |
| RJF Raymond James Financial Inc. | Add +1.0% | 0.69% | +0.06 |
| RTX RTX Corp. | Add +1.9% | 0.30% | +0.05 |
| DCI Donaldson Co. Inc. | Add +0.4% | 0.58% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.1% | 0.27% | +0.05 |
| BAC Bank of America Corp. | Add +0.5% | 0.58% | +0.05 |
| IVW iShares S&P 500 Growth ETF | Add +2.1% | 0.51% | +0.04 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +21.4% | 0.30% | +0.04 |
| AMD Advanced Micro Devices | Add +12.3% | 0.24% | +0.04 |
| PEP Pepsico Inc. | Add +1.3% | 1.15% | +0.04 |
| RBBN Ribbon Communications Inc. | Add +3.5% | 0.34% | +0.04 |
| WAB Wabtec Corp. | Add +0.2% | 0.16% | +0.03 |
| HDV iShares Core High Dividend E | Add +3.8% | 0.40% | +0.03 |
| EPD Enterprise Products Partners | Add +15.5% | 0.17% | +0.03 |
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 |