White Pine Capital LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed August 5, 2026), White Pine Capital LLC reported 230 stock positions worth $367.7 million. Its top holding was 3M (MMM) at 3.9% of the portfolio, followed by Apple (AAPL, 3.6%) and Microsoft (MSFT, 3.1%). Compared with Q4 2025, it opened 13 new positions, sold out of 2, added to 86 and reduced 81. The biggest buy was a new position in Honeywell International (HON) and the biggest sale an exit from Honeywell International (HON).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0001137429
- Portfolio Value
- $367.7M (Q1 2026)
- SEC Filing
- 0001137429-26-000004 ↗ filed Aug 5, 2026
Holdings Value
Holdings 230 stocks · $367.7M
| MMM 3M Co. | 3.86% | 97,804 | $14.2M | Add +0.0% |
| AAPL Apple Inc. | 3.58% | 51,857 | $13.2M | Reduce -0.0% |
| MSFT Microsoft Corp. | 3.11% | 30,889 | $11.4M | Add +0.8% |
| IVV iShares Core S&P 500 ETF | 2.69% | 15,130 | $9.9M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 2.07% | 26,504 | $7.6M | Add +0.4% |
| AXTI Axt Inc. | 1.76% | 113,668 | $6.5M | Reduce -72.6% |
| JNJ Johnson & Johnson | 1.71% | 25,785 | $6.3M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.67% | 29,435 | $6.1M | Add +0.7% |
| GLD SPDR Gold Shares | 1.67% | 14,238 | $6.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.65% | 9,336 | $6.1M | Reduce -5.9% |
| JPM JPMorgan Chase & Co. | 1.54% | 19,275 | $5.7M | Reduce -0.1% |
| GE General Electric filed as GE AEROSPACE | 1.51% | 19,586 | $5.6M | Reduce -0.5% |
| WMT Walmart Inc. | 1.46% | 43,203 | $5.4M | Reduce -0.3% |
| FLOT iShares Floating Rate Bond E | 1.31% | 94,869 | $4.8M | Add +0.8% |
| ADTN Adtran Holdings Inc. | 1.24% | 361,619 | $4.5M | Add +6.2% |
| V Visa Inc. Class A | 1.23% | 14,987 | $4.5M | Reduce -2.2% |
| MRK Merck & Co. Inc. | 1.14% | 34,950 | $4.2M | Reduce -0.2% |
| NVDA Nvidia Corp. | 1.14% | 24,003 | $4.2M | Reduce -0.5% |
| PFF iShares Preferred & Income S | 1.12% | 135,871 | $4.1M | Reduce -8.1% |
| CVX Chevron Corp. | 1.08% | 19,156 | $4.0M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 1.05% | 13,411 | $3.8M | No change |
| SXI Standex International Corp. | 1.05% | 15,086 | $3.8M | Add +0.0% |
| CECO Ceco Environmental Corp. | 1.05% | 64,507 | $3.8M | Add +0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.97% | 14,758 | $3.6M | Add +2.1% |
| ATRO Astronics Corp. | 0.95% | 52,349 | $3.5M | Reduce -26.1% |
| WFC Wells Fargo & Co. | 0.93% | 42,808 | $3.4M | Reduce -2.8% |
| XOM Exxon Mobil Corp. | 0.92% | 19,840 | $3.4M | Add +0.4% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.91% | 73,372 | $3.3M | Reduce -0.6% |
| EQIX Equinix Inc. | 0.87% | 3,270 | $3.2M | Add +0.3% |
| EFA iShares MSCI Eafe ETF | 0.83% | 31,281 | $3.0M | Add +2.0% |
| TRV The Travelers Cos Inc. | 0.80% | 10,144 | $3.0M | Reduce -1.0% |
| EMR Emerson Electric Co. | 0.77% | 21,750 | $2.8M | Reduce -0.2% |
| PEP Pepsico Inc. | 0.76% | 17,922 | $2.8M | Add +0.9% |
| ECL Ecolab Inc. | 0.74% | 10,227 | $2.7M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 0.73% | 4,718 | $2.7M | Add +3.6% |
| MS Morgan Stanley | 0.70% | 15,547 | $2.6M | Reduce -0.5% |
| AMD Advanced Micro Devices | 0.69% | 12,407 | $2.5M | Add +0.1% |
| HON Honeywell International Inc. | 0.68% | 11,080 | $2.5M | New |
| T AT&T Inc. | 0.68% | 85,943 | $2.5M | Reduce -0.3% |
| GEV GE Vernova Inc. | 0.66% | 2,778 | $2.4M | Reduce -0.0% |
| C Citigroup Inc. | 0.66% | 21,337 | $2.4M | Add +0.6% |
| VZ Verizon Communications Inc. | 0.66% | 48,189 | $2.4M | Add +17.2% |
| CSCO Cisco Systems Inc. | 0.64% | 30,429 | $2.4M | Add +2.2% |
| INDB Independent Bank Corp. | 0.63% | 30,901 | $2.3M | Add +1.3% |
| KRNY Kearny Financial Corp. | 0.60% | 292,137 | $2.2M | Add +23.1% |
| ARLO Arlo Technologies Inc. | 0.60% | 154,519 | $2.2M | Add +32.6% |
| NFLX Netflix Inc. | 0.60% | 22,846 | $2.2M | Add +123.5% |
| XEFRX Eaton Vance Sr FLTG Rate TR | 0.58% | 202,651 | $2.1M | Add +189.1% |
| WNEB Western New England Bancorp | 0.58% | 164,091 | $2.1M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.57% | 42,708 | $2.1M | Reduce -1.2% |
| RDNT Radnet Inc. | 0.57% | 37,187 | $2.1M | Add +0.0% |
| RJF Raymond James Financial Inc. | 0.56% | 14,205 | $2.1M | Reduce -0.2% |
| ABT Abbott Laboratories | 0.55% | 19,669 | $2.0M | Add +0.9% |
| PSTL Postal Realty Trust Inc. Class A | 0.55% | 108,030 | $2.0M | Add +29.7% |
| ALL Allstate Corp. | 0.53% | 9,365 | $1.9M | No change |
| NGS Natural Gas Services Group | 0.53% | 51,430 | $1.9M | Reduce -0.4% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.52% | 37,417 | $1.9M | Reduce -7.7% |
| ITW Illinois Tool Works | 0.51% | 7,213 | $1.9M | Add +0.2% |
| BA The Boeing Co. | 0.50% | 9,297 | $1.9M | Reduce -0.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.50% | 18,784 | $1.8M | Reduce -0.2% |
| SITM Sitime Corp. | 0.49% | 5,230 | $1.8M | Reduce -0.9% |
| AVBC Avidia Bancorp Inc. | 0.49% | 90,693 | $1.8M | Add +181.8% |
| ANGO Angiodynamics Inc. | 0.47% | 152,615 | $1.7M | Add +1.4% |
| ELMD Electromed Inc. | 0.46% | 72,964 | $1.7M | Add +104.4% |
| IVE iShares S&P 500 Value ETF | 0.46% | 8,023 | $1.7M | Add +0.3% |
| IWR iShares Russell Mid-Cap ETF | 0.46% | 17,401 | $1.7M | Reduce -0.3% |
| PGX Invesco Preferred ETF | 0.45% | 153,019 | $1.7M | Reduce -22.0% |
| SDY SS SPDR S&P Dividend ETF | 0.45% | 11,382 | $1.7M | No change |
| ORCL Oracle Corp. | 0.45% | 11,252 | $1.7M | Reduce -0.5% |
| SOLV Solventum Corp. | 0.45% | 25,150 | $1.6M | Reduce -0.0% |
| DCI Donaldson Co. Inc. | 0.44% | 19,271 | $1.6M | No change |
| PG The Procter & Gamble Co. | 0.44% | 11,311 | $1.6M | Add +7.5% |
| MCD McDonald's Corp. | 0.44% | 5,203 | $1.6M | Add +1.3% |
| TGT Target Corp. | 0.43% | 13,098 | $1.6M | Add +3.7% |
| STRW Strawberry Fields REIT Inc. | 0.43% | 132,771 | $1.6M | Add +49.4% |
| VIAV Viavi Solutions Inc. | 0.43% | 47,055 | $1.6M | Reduce -37.5% |
| XEL Xcel Energy Inc. | 0.42% | 19,665 | $1.6M | Reduce -2.6% |
| IVW iShares S&P 500 Growth ETF | 0.42% | 13,709 | $1.6M | No change |
| LMNR Limoneira Co. | 0.42% | 115,050 | $1.5M | Add +39.9% |
| MXL Maxlinear Inc. | 0.42% | 88,130 | $1.5M | Add +0.4% |
| ANGL Vaneck Fallen Angel High YLD | 0.41% | 52,612 | $1.5M | Add +3.1% |
| AXGN Axogen Inc. | 0.41% | 45,218 | $1.5M | Reduce -1.5% |
| RTX RTX Corp. | 0.40% | 7,708 | $1.5M | No change |
| AAOI Applied Optoelectronics Inc. | 0.40% | 17,560 | $1.5M | Reduce -49.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.40% | 27,789 | $1.5M | Reduce -5.2% |
| MITK Mitek Systems Inc. | 0.40% | 107,673 | $1.5M | Add +0.1% |
| TNC Tennant Co. | 0.39% | 21,349 | $1.4M | Add +454.5% |
| UUUU Energy Fuels Inc. | 0.38% | 77,046 | $1.4M | Reduce -0.5% |
| PHYS Sprott Physical Gold Trust | 0.38% | 39,145 | $1.4M | Add +1.6% |
| LGCY Legacy Education Inc. | 0.37% | 110,067 | $1.4M | Add +0.8% |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 0.37% | 602,923 | $1.4M | Add +1.8% |
| GENI Genius Sports Ltd. | 0.36% | 298,702 | $1.3M | Add +24.6% |
| TSLA Tesla Inc. | 0.35% | 3,477 | $1.3M | Add +0.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.35% | 22,677 | $1.3M | Reduce -4.2% |
| XLE SS Energy Select Sector | 0.35% | 20,872 | $1.3M | No change |
| ABBV Abbvie Inc. | 0.34% | 5,717 | $1.2M | Reduce -0.9% |
| INFU Infusystem Holdings Inc. | 0.33% | 130,416 | $1.2M | Add +28.3% |
| BMY Bristol-Myers Squibb Co. | 0.32% | 19,683 | $1.2M | Add +19.8% |
| NEO Neogenomics Inc. | 0.31% | 155,960 | $1.2M | Add +0.5% |
| INTC Intel Corp. | 0.31% | 25,680 | $1.1M | Add +1.1% |
Portfolio Sells Q4 2025 → Q1 2026
| HON Honeywell International Inc. | Sold out | 0.00% | −0.60 |
| VELO VELO3D Inc. | Reduce -60.4% | 0.13% | −0.36 |
| AAPL Apple Inc. | Reduce -0.0% | 3.58% | −0.30 |
| V Visa Inc. Class A | Reduce -2.2% | 1.23% | −0.25 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.9% | 1.65% | −0.21 |
| WFC Wells Fargo & Co. | Reduce -2.8% | 0.93% | −0.20 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 1.54% | −0.17 |
| GE General Electric | Reduce -0.5% | 1.51% | −0.16 |
| ORCL Oracle Corp. | Reduce -0.5% | 0.45% | −0.16 |
| PGX Invesco Preferred ETF | Reduce -22.0% | 0.45% | −0.15 |
| PFF iShares Preferred & Income S | Reduce -8.1% | 1.12% | −0.14 |
| ATRO Astronics Corp. | Reduce -26.1% | 0.95% | −0.11 |
| AXTI Axt Inc. | Reduce -72.6% | 1.76% | −0.11 |
| SOLV Solventum Corp. | Reduce -0.0% | 0.45% | −0.10 |
| NVDA Nvidia Corp. | Reduce -0.5% | 1.14% | −0.10 |
| KRMD Koru Medical Systems Inc. | Reduce -0.1% | 0.26% | −0.09 |
| RDVT Red Violet Inc. | Reduce -0.0% | 0.14% | −0.09 |
| BAC Bank of America Corp. | Reduce -1.2% | 0.57% | −0.09 |
| PYPL PayPal Holdings Inc. | Reduce -22.6% | 0.12% | −0.08 |
| AMBA Ambarella Inc. | Reduce -1.9% | 0.19% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -2.2% | 0.30% | −0.08 |
| RJF Raymond James Financial Inc. | Reduce -0.2% | 0.56% | −0.07 |
| MS Morgan Stanley | Reduce -0.5% | 0.70% | −0.07 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.06 |
| CRM Salesforce Inc. | Reduce -0.4% | 0.13% | −0.06 |
| ENVX Enovix Corp. | Reduce -0.6% | 0.13% | −0.06 |
| TLS Telos Corporation | Reduce -0.3% | 0.23% | −0.05 |
| BA The Boeing Co. | Reduce -0.1% | 0.50% | −0.05 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -7.7% | 0.52% | −0.05 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.2% | 0.50% | −0.05 |
| DHR Danaher Corp. | Reduce -0.9% | 0.17% | −0.04 |
| DIS The Walt Disney Co. | Reduce -0.8% | 0.18% | −0.04 |
| MCO Moody's Corp. | Reduce -8.9% | 0.11% | −0.03 |
| AVGO Broadcom Inc. | Reduce -0.1% | 0.24% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -5.2% | 0.40% | −0.03 |
| KHC The Kraft Heinz Co. | Reduce -0.8% | 0.29% | −0.03 |
| GEHC GE Healthcare Technology | Reduce -1.9% | 0.15% | −0.03 |
| ABBV Abbvie Inc. | Reduce -0.9% | 0.34% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -9.1% | 0.28% | −0.02 |
| HDV iShares Core High Dividend E | Reduce -16.5% | 0.28% | −0.02 |
| HLIT Harmonic Inc. | Reduce -2.3% | 0.16% | −0.02 |
| SITM Sitime Corp. | Reduce -0.9% | 0.49% | −0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -4.2% | 0.35% | −0.02 |
| EMR Emerson Electric Co. | Reduce -0.2% | 0.77% | −0.02 |
| HBAN Huntington Bancshares Inc. | Reduce -5.3% | 0.08% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -1.0% | 0.80% | −0.01 |
| TU Telus Corp. | Reduce -15.0% | 0.06% | −0.01 |
| PSA Public Storage | Reduce -14.9% | 0.07% | −0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -2.0% | 0.21% | −0.01 |
| USB US Bancorp | Reduce -0.9% | 0.15% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| HON Honeywell International Inc. | New | 0.68% | +0.68 |
| ADTN Adtran Holdings Inc. | Add +6.2% | 1.24% | +0.42 |
| XEFRX Eaton Vance Sr FLTG Rate TR | Add +189.1% | 0.58% | +0.37 |
| AVBC Avidia Bancorp Inc. | Add +181.8% | 0.49% | +0.34 |
| NFLX Netflix Inc. | Add +123.5% | 0.60% | +0.33 |
| TNC Tennant Co. | Add +454.5% | 0.39% | +0.31 |
| XOM Exxon Mobil Corp. | Add +0.4% | 0.92% | +0.26 |
| VZ Verizon Communications Inc. | Add +17.2% | 0.66% | +0.20 |
| EQIX Equinix Inc. | Add +0.3% | 0.87% | +0.18 |
| BCHT Birchtech Corp. | New | 0.18% | +0.18 |
| ELMD Electromed Inc. | Add +104.4% | 0.46% | +0.18 |
| PSTL Postal Realty Trust Inc. Class A | Add +29.7% | 0.55% | +0.18 |
| BBY Best Buy Co. Inc. | New | 0.16% | +0.16 |
| ARLO Arlo Technologies Inc. | Add +32.6% | 0.60% | +0.15 |
| SXI Standex International Corp. | Add +0.0% | 1.05% | +0.14 |
| LMNR Limoneira Co. | Add +39.9% | 0.42% | +0.13 |
| KRNY Kearny Financial Corp. | Add +23.1% | 0.60% | +0.12 |
| STRW Strawberry Fields REIT Inc. | Add +49.4% | 0.43% | +0.11 |
| TLSI Trisalus Life Sciences Inc. | Add +241.3% | 0.22% | +0.10 |
| TGT Target Corp. | Add +3.7% | 0.43% | +0.09 |
| UPS United Parcel Service Class B | Add +130.8% | 0.16% | +0.09 |
| MITK Mitek Systems Inc. | Add +0.1% | 0.40% | +0.08 |
| APA Apa Corp. | New | 0.08% | +0.08 |
| SPG Simon Property Group Inc. | Add +40.2% | 0.29% | +0.08 |
| DUOT Duos Technologies Group Inc. | New | 0.08% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +19.8% | 0.32% | +0.08 |
| DAR Darling Ingredients Inc. | New | 0.08% | +0.08 |
| MTZ Mastec Inc. | New | 0.08% | +0.08 |
| INFU Infusystem Holdings Inc. | Add +28.3% | 0.33% | +0.08 |
| TFC Truist Financial Corp. | New | 0.08% | +0.08 |
| LGCY Legacy Education Inc. | Add +0.8% | 0.37% | +0.07 |
| LSCC Lattice Semiconductor Corp. | New | 0.06% | +0.06 |
| CSX CSX Corp. | New | 0.06% | +0.06 |
| DUK Duke Energy Corp. | Add +37.2% | 0.18% | +0.06 |
| SOLS Solstice Adv Materials Inc. | New | 0.06% | +0.06 |
| PEP Pepsico Inc. | Add +0.9% | 0.76% | +0.06 |
| INTC Intel Corp. | Add +1.1% | 0.31% | +0.05 |
| EPD Enterprise Products Partners | Add +16.7% | 0.18% | +0.05 |
| HLMN Hillman Solutions Corp. | Add +29.6% | 0.25% | +0.05 |
| SHAK Shake Shack Inc. Class A | Add +12.6% | 0.25% | +0.04 |
| LEU Centrus Energy Corp. Class A | Add +70.9% | 0.20% | +0.03 |
| PFE Pfizer Inc. | Add +21.8% | 0.12% | +0.03 |
| AEP American Electric Power | Add +2.0% | 0.25% | +0.03 |
| PG The Procter & Gamble Co. | Add +7.5% | 0.44% | +0.03 |
| PHYS Sprott Physical Gold Trust | Add +1.6% | 0.38% | +0.03 |
| IQEPF Iqe PLC | New | 0.03% | +0.03 |
| COST Costco Wholesale Corp. | Add +0.7% | 0.19% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +27.7% | 0.15% | +0.03 |
| ITW Illinois Tool Works | Add +0.2% | 0.51% | +0.02 |
| OUNZ Vaneck Merk Gold ETF | Add +1.7% | 0.26% | +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 |