White Pine Capital LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), White Pine Capital LLC reported 210 stock positions worth $263.9 million. Its top holding was Microsoft (MSFT) at 5.1% of the portfolio, followed by Apple (AAPL, 4.3%) and 3M (MMM, 3.8%). Compared with Q1 2024, it opened 8 new positions, sold out of 9, added to 82 and reduced 88. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale iShares 1-5Y Inv Grade (IGSB, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0001137429
- Portfolio Value
- $263.9M (Q2 2024)
- SEC Filing
- 0001137429-24-000003 ↗ filed Aug 13, 2024
Holdings Value
Holdings 210 stocks · $263.9M
| MSFT Microsoft Corp. | 5.13% | 30,269 | $13.5M | Add +0.7% |
| AAPL Apple Inc. | 4.28% | 53,582 | $11.3M | Add +1.1% |
| MMM 3M Co. | 3.79% | 97,914 | $10.0M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 2.77% | 13,373 | $7.3M | Add +5.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.15% | 10,445 | $5.7M | Reduce -3.5% |
| AMZN Amazon.com Inc. | 1.97% | 26,831 | $5.2M | Add +3.8% |
| GOOGL Alphabet Inc. Class A | 1.84% | 26,588 | $4.8M | Reduce -0.7% |
| MRK Merck & Co. Inc. | 1.73% | 36,777 | $4.6M | Add +0.3% |
| FLOT iShares Floating Rate Bond E | 1.68% | 86,894 | $4.4M | Add +4.7% |
| JNJ Johnson & Johnson | 1.49% | 26,979 | $3.9M | Reduce -0.2% |
| V Visa Inc. Class A | 1.49% | 14,947 | $3.9M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 1.42% | 18,461 | $3.7M | Add +1.1% |
| PFF iShares Preferred & Income S | 1.37% | 114,277 | $3.6M | Add +8.0% |
| XEFRX Eaton Vance Sr FLTG Rate TR | 1.36% | 274,820 | $3.6M | Reduce -14.4% |
| TGT Target Corp. | 1.19% | 21,135 | $3.1M | Add +1.0% |
| GE General Electric filed as GE AEROSPACE | 1.17% | 19,461 | $3.1M | Reduce -3.9% |
| CVX Chevron Corp. | 1.15% | 19,438 | $3.0M | Reduce -0.1% |
| GLD SPDR Gold Shares | 1.10% | 13,505 | $2.9M | No change |
| PEP Pepsico Inc. | 1.08% | 17,254 | $2.8M | Add +0.5% |
| WMT Walmart Inc. | 1.02% | 39,643 | $2.7M | Add +2.2% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.98% | 64,577 | $2.6M | Reduce -2.6% |
| WFC Wells Fargo & Co. | 0.98% | 43,323 | $2.6M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 0.97% | 13,946 | $2.6M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.97% | 14,753 | $2.6M | Reduce -3.0% |
| EMR Emerson Electric Co. | 0.96% | 23,018 | $2.5M | Add +0.4% |
| EQIX Equinix Inc. | 0.94% | 3,275 | $2.5M | Add +0.6% |
| ECL Ecolab Inc. | 0.92% | 10,188 | $2.4M | Add +0.4% |
| EFA iShares MSCI Eafe ETF | 0.90% | 30,204 | $2.4M | Add +0.9% |
| PGX Invesco Preferred ETF | 0.87% | 199,368 | $2.3M | Add +13.2% |
| SXI Standex International Corp. | 0.84% | 13,827 | $2.2M | Reduce -10.4% |
| HON Honeywell International Inc. | 0.84% | 10,347 | $2.2M | Add +0.5% |
| LMNR Limoneira Co. | 0.83% | 105,232 | $2.2M | Reduce -13.3% |
| XOM Exxon Mobil Corp. | 0.81% | 18,648 | $2.1M | Reduce -4.2% |
| VZ Verizon Communications Inc. | 0.80% | 51,121 | $2.1M | Reduce -1.5% |
| CECO Ceco Environmental Corp. | 0.79% | 72,221 | $2.1M | Reduce -42.0% |
| TRV The Travelers Cos Inc. | 0.78% | 10,081 | $2.0M | Reduce -0.4% |
| ABT Abbott Laboratories | 0.77% | 19,579 | $2.0M | Add +0.2% |
| NVDA Nvidia Corp. | 0.77% | 16,345 | $2.0M | Add +1.0% |
| T AT&T Inc. | 0.73% | 100,491 | $1.9M | Add +0.4% |
| RDNT Radnet Inc. | 0.73% | 32,487 | $1.9M | Reduce -33.3% |
| ATRO Astronics Corp. | 0.72% | 94,831 | $1.9M | Reduce -10.9% |
| RJF Raymond James Financial Inc. | 0.70% | 14,937 | $1.8M | Add +1.0% |
| ITW Illinois Tool Works | 0.63% | 7,021 | $1.7M | Add +1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.63% | 41,612 | $1.7M | Add +0.2% |
| AXTI Axt Inc. | 0.58% | 454,628 | $1.5M | Reduce -16.5% |
| ALL Allstate Corp. | 0.58% | 9,583 | $1.5M | No change |
| DCI Donaldson Co. Inc. | 0.57% | 21,002 | $1.5M | Add +0.1% |
| MS Morgan Stanley | 0.57% | 15,432 | $1.5M | Add +0.7% |
| PG The Procter & Gamble Co. | 0.57% | 9,050 | $1.5M | Add +0.4% |
| ORCL Oracle Corp. | 0.56% | 10,531 | $1.5M | Add +0.8% |
| IVW iShares S&P 500 Growth ETF | 0.56% | 16,030 | $1.5M | Reduce -1.9% |
| GENI Genius Sports Ltd. | 0.56% | 270,064 | $1.5M | Reduce -17.1% |
| SDY SS SPDR S&P Dividend ETF | 0.55% | 11,486 | $1.5M | No change |
| CSCO Cisco Systems Inc. | 0.55% | 30,387 | $1.4M | Reduce -1.4% |
| GIS General Mills Inc. | 0.54% | 22,657 | $1.4M | Reduce -0.0% |
| IWR iShares Russell Mid-Cap ETF | 0.54% | 17,564 | $1.4M | Add +0.9% |
| ROP Roper Technologies Inc. | 0.53% | 2,492 | $1.4M | Add +1.3% |
| IVE iShares S&P 500 Value ETF | 0.53% | 7,651 | $1.4M | Add +0.2% |
| SWKS Skyworks Solutions Inc. | 0.52% | 12,985 | $1.4M | Reduce -0.0% |
| BA The Boeing Co. | 0.52% | 7,472 | $1.4M | Add +2.0% |
| SOLV Solventum Corp. | 0.51% | 25,234 | $1.3M | Add +2.7% |
| C Citigroup Inc. | 0.50% | 20,955 | $1.3M | Add +1.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.50% | 16,559 | $1.3M | No change |
| MCD McDonald's Corp. | 0.45% | 4,648 | $1.2M | Add +1.2% |
| ENVX Enovix Corp. | 0.43% | 73,404 | $1.1M | Reduce -16.3% |
| INTC Intel Corp. | 0.42% | 35,479 | $1.1M | Add +1.3% |
| META Meta Platforms Inc. Class A | 0.41% | 2,133 | $1.1M | Add +13.5% |
| KHC The Kraft Heinz Co. | 0.41% | 33,335 | $1.1M | Reduce -0.2% |
| HDV iShares Core High Dividend E | 0.40% | 9,733 | $1.1M | Reduce -0.9% |
| XEL Xcel Energy Inc. | 0.40% | 19,800 | $1.1M | Reduce -0.1% |
| MDY State Street SPDR S&P Midcap | 0.40% | 1,962 | $1.0M | Reduce -8.0% |
| IWM iShares Russell 2000 ETF | 0.39% | 5,105 | $1.0M | Add +5.6% |
| AVNW Aviat Networks Inc. | 0.39% | 35,746 | $1.0M | Reduce -39.5% |
| ACLS Axcelis Technologies Inc. | 0.38% | 7,000 | $995K | Reduce -1.4% |
| KVUE Kenvue Inc. | 0.38% | 54,535 | $991K | Reduce -1.7% |
| HRL Hormel Foods Corp. | 0.37% | 32,348 | $986K | Reduce -1.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.37% | 19,186 | $983K | Reduce -76.2% |
| ABBV Abbvie Inc. | 0.37% | 5,663 | $971K | No change |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 0.37% | 194,126 | $971K | Reduce -14.1% |
| XLE SS Energy Select Sector | 0.37% | 10,620 | $968K | Reduce -9.2% |
| SRDX Surmodics Inc. | 0.36% | 22,301 | $938K | Reduce -46.9% |
| HLIT Harmonic Inc. | 0.35% | 77,938 | $917K | Reduce -15.5% |
| TRNS Transcat Inc. | 0.35% | 7,640 | $914K | Reduce -24.1% |
| INFU Infusystem Holdings Inc. | 0.34% | 130,668 | $892K | Reduce -11.1% |
| ALNT Allient Inc. | 0.34% | 34,981 | $884K | Reduce -17.1% |
| BMY Bristol-Myers Squibb Co. | 0.33% | 20,663 | $858K | Reduce -11.2% |
| IUSV iShares Core S&P U.S. Value | 0.32% | 9,701 | $855K | Add +1.0% |
| ANGL Vaneck Fallen Angel High YLD | 0.32% | 29,819 | $844K | Add +5.7% |
| AXGN Axogen Inc. | 0.32% | 116,312 | $842K | Add +4.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.32% | 17,092 | $833K | No change |
| DHR Danaher Corp. | 0.31% | 3,294 | $823K | Add +3.1% |
| UNH Unitedhealth Group Inc. | 0.31% | 1,613 | $821K | Add +1.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.31% | 1,693 | $811K | Add +3.0% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.30% | 19,090 | $793K | No change |
| NGS Natural Gas Services Group | 0.30% | 39,359 | $792K | Reduce -24.9% |
| PYPL PayPal Holdings Inc. | 0.30% | 13,467 | $781K | Reduce -0.2% |
| RTX RTX Corp. | 0.30% | 7,771 | $780K | Add +0.2% |
| RBBN Ribbon Communications Inc. | 0.29% | 229,351 | $755K | Reduce -18.1% |
| PNC PNC Financial Services Group | 0.29% | 4,845 | $753K | No change |
| MITK Mitek Systems Inc. | 0.28% | 67,125 | $750K | Reduce -12.5% |
Portfolio Sells Q1 2024 → Q2 2024
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -76.2% | 0.37% | −1.19 |
| AVNW Aviat Networks Inc. | Reduce -39.5% | 0.39% | −0.36 |
| TIP iShares Tips Bond ETF | Reduce -57.8% | 0.24% | −0.33 |
| XEFRX Eaton Vance Sr FLTG Rate TR | Reduce -14.4% | 1.36% | −0.24 |
| CECO Ceco Environmental Corp. | Reduce -42.0% | 0.79% | −0.23 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.23 |
| IGIB iShares 5-10Y Inv Grade Corp. | Sold out | 0.00% | −0.20 |
| RDNT Radnet Inc. | Reduce -33.3% | 0.73% | −0.17 |
| SXI Standex International Corp. | Reduce -10.4% | 0.84% | −0.17 |
| NGS Natural Gas Services Group | Reduce -24.9% | 0.30% | −0.14 |
| ALNT Allient Inc. | Reduce -17.1% | 0.34% | −0.14 |
| SHAK Shake Shack Inc. Class A | Reduce -19.4% | 0.18% | −0.09 |
| TTEC Ttec Holdings Inc. | Sold out | 0.00% | −0.08 |
| MITK Mitek Systems Inc. | Reduce -12.5% | 0.28% | −0.08 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.08 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.08 |
| KHC The Kraft Heinz Co. | Reduce -0.2% | 0.41% | −0.08 |
| LMNR Limoneira Co. | Reduce -13.3% | 0.83% | −0.08 |
| INFU Infusystem Holdings Inc. | Reduce -11.1% | 0.34% | −0.08 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.08 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.08 |
| LGTY Logility Supply Chain Soluti | Reduce -17.5% | 0.22% | −0.08 |
| GE General Electric | Reduce -3.9% | 1.17% | −0.07 |
| HRL Hormel Foods Corp. | Reduce -1.8% | 0.37% | −0.07 |
| FLL Full House Resorts Inc. | Reduce -14.1% | 0.37% | −0.07 |
| ELMD Electromed Inc. | Reduce -11.6% | 0.21% | −0.07 |
| GENI Genius Sports Ltd. | Reduce -17.1% | 0.56% | −0.07 |
| SONO Sonos Inc. | Sold out | 0.00% | −0.06 |
| TRNS Transcat Inc. | Reduce -24.1% | 0.35% | −0.06 |
| GIS General Mills Inc. | Reduce -0.0% | 0.54% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -11.2% | 0.33% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -4.2% | 0.81% | −0.06 |
| PEB Pebblebrook Hotel Trust | Reduce -18.1% | 0.19% | −0.06 |
| SRDX Surmodics Inc. | Reduce -46.9% | 0.36% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -0.2% | 0.30% | −0.05 |
| RBBN Ribbon Communications Inc. | Reduce -18.1% | 0.29% | −0.05 |
| XLE SS Energy Select Sector | Reduce -9.2% | 0.37% | −0.05 |
| AUB Atlantic Union Bankshares Co. | Reduce -19.5% | 0.24% | −0.05 |
| APPS Digital Turbine Inc. | Sold out | 0.00% | −0.05 |
| AAOI Applied Optoelectronics Inc. | Reduce -17.7% | 0.10% | −0.04 |
| TNC Tennant Co. | Reduce -1.8% | 0.20% | −0.04 |
| CVX Chevron Corp. | Reduce -0.1% | 1.15% | −0.04 |
| TRV The Travelers Cos Inc. | Reduce -0.4% | 0.78% | −0.04 |
| DLHC DLH Holdings Corp. | Reduce -20.0% | 0.15% | −0.04 |
| AXTI Axt Inc. | Reduce -16.5% | 0.58% | −0.04 |
| HLMN Hillman Solutions Corp. | Reduce -4.3% | 0.26% | −0.04 |
| CVS CVS Health Corp. | Reduce -0.3% | 0.22% | −0.03 |
| EPRF Innovat S&P Invest GRD Pref | Reduce -17.9% | 0.15% | −0.03 |
| FARO Faro Technologies Inc. | Reduce -18.1% | 0.07% | −0.03 |
| CDXS Codexis Inc. | Reduce -22.5% | 0.14% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +1.1% | 4.28% | +0.84 |
| MSFT Microsoft Corp. | Add +0.7% | 5.13% | +0.67 |
| IVV iShares Core S&P 500 ETF | Add +5.8% | 2.77% | +0.35 |
| AMZN Amazon.com Inc. | Add +3.8% | 1.97% | +0.24 |
| NVDA Nvidia Corp. | Add +1.0% | 0.77% | +0.23 |
| ADTN Adtran Holdings Inc. | Add +410.4% | 0.26% | +0.22 |
| MMM 3M Co. | Add +0.3% | 3.79% | +0.21 |
| WMT Walmart Inc. | Add +2.2% | 1.02% | +0.14 |
| PFF iShares Preferred & Income S | Add +8.0% | 1.37% | +0.12 |
| NFLX Netflix Inc. | New | 0.12% | +0.12 |
| PFE Pfizer Inc. | New | 0.12% | +0.12 |
| PGX Invesco Preferred ETF | Add +13.2% | 0.87% | +0.11 |
| LLY Eli Lilly & Co. | New | 0.11% | +0.11 |
| ORCL Oracle Corp. | Add +0.8% | 0.56% | +0.11 |
| META Meta Platforms Inc. Class A | Add +13.5% | 0.41% | +0.10 |
| T AT&T Inc. | Add +0.4% | 0.73% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +1.1% | 1.42% | +0.08 |
| HON Honeywell International Inc. | Add +0.5% | 0.84% | +0.08 |
| IYW iShares Ustechnology ETF | New | 0.08% | +0.08 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.08% | +0.08 |
| VIAV Viavi Solutions Inc. | New | 0.08% | +0.08 |
| IJH iShares Core S&P Midcap ETF | New | 0.08% | +0.08 |
| ET Energy Transfer LP | Add +39.3% | 0.24% | +0.07 |
| FLOT iShares Floating Rate Bond E | Add +4.7% | 1.68% | +0.07 |
| EQIX Equinix Inc. | Add +0.6% | 0.94% | +0.06 |
| SPG Simon Property Group Inc. | Add +35.1% | 0.18% | +0.06 |
| ROP Roper Technologies Inc. | Add +1.3% | 0.53% | +0.05 |
| PSTL Postal Realty Trust Inc. Class A | New | 0.05% | +0.05 |
| AXGN Axogen Inc. | Add +4.7% | 0.32% | +0.05 |
| BA The Boeing Co. | Add +2.0% | 0.52% | +0.05 |
| ECL Ecolab Inc. | Add +0.4% | 0.92% | +0.05 |
| BAC Bank of America Corp. | Add +0.2% | 0.63% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.0% | 0.31% | +0.04 |
| RIOT Riot Platforms Inc. | Add +35.9% | 0.22% | +0.04 |
| MS Morgan Stanley | Add +0.7% | 0.57% | +0.04 |
| ENB Enbridge Inc. | Add +23.2% | 0.19% | +0.03 |
| TLS Telos Corporation | Add +26.8% | 0.10% | +0.03 |
| IWM iShares Russell 2000 ETF | Add +5.6% | 0.39% | +0.03 |
| NEO Neogenomics Inc. | Add +26.8% | 0.11% | +0.02 |
| KRMD Koru Medical Systems Inc. | Add +21.5% | 0.07% | +0.02 |
| MCO Moody's Corp. | Add +4.1% | 0.15% | +0.02 |
| C Citigroup Inc. | Add +1.3% | 0.50% | +0.02 |
| MXL Maxlinear Inc. | Add +14.8% | 0.22% | +0.02 |
| EMR Emerson Electric Co. | Add +0.4% | 0.96% | +0.02 |
| TXN Texas Instruments Inc. | Add +4.2% | 0.16% | +0.02 |
| TSLA Tesla Inc. | Add +1.3% | 0.24% | +0.02 |
| PSA Public Storage | Add +2.4% | 0.16% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +1.4% | 0.31% | +0.02 |
| IFF Intl Flavors & Fragrances | Add +1.5% | 0.15% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +0.9% | 0.90% | +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 |