White Pine Investment CO
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), White Pine Investment CO reported 64 stock positions worth $371.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 10.6% of the portfolio, followed by Alphabet Class A (GOOGL, 3.9%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 3.8%). Compared with Q4 2024, it opened 2 new positions, sold out of 4, added to 25 and reduced 32. The biggest buy was a new position in Schwab Intermediate-Term US (SCHR) and the biggest sale Alphabet Class A (GOOGL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- LIVONIA, MI
- CIK
- 0001318259
- Portfolio Value
- $371.4M (Q1 2025)
- SEC Filing
- 0001318259-25-000002 ↗ filed Apr 23, 2025
Holdings Value
Holdings 64 stocks · $371.4M
| BRK.B Berkshire Hathaway Inc. Class B | 10.55% | 73,584 | $39.2M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 3.87% | 93,069 | $14.4M | Reduce -3.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 3.77% | 593,076 | $14.0M | Reduce -0.2% |
| GSIE Goldman Sachs Activebeta Int | 3.68% | 383,040 | $13.7M | Reduce -2.6% |
| USMV iShares MSCI USA Min Vol Fac | 3.45% | 136,709 | $12.8M | Reduce -4.0% |
| SFM Sprouts Farmers Market Inc. | 3.42% | 83,263 | $12.7M | Reduce -8.7% |
| MSFT Microsoft Corp. | 2.88% | 28,452 | $10.7M | Reduce -1.6% |
| SHY iShares 1-3 Year Treasury Bo | 2.79% | 125,466 | $10.4M | Add +4.6% |
| AAPL Apple Inc. | 2.57% | 43,053 | $9.6M | Reduce -2.2% |
| META Meta Platforms Inc. Class A | 2.56% | 16,473 | $9.5M | Reduce -4.5% |
| FLTR Vaneck Ig Floating Rate ETF | 2.54% | 369,532 | $9.4M | Add +6.5% |
| TIP iShares Tips Bond ETF | 2.45% | 82,065 | $9.1M | Add +4.8% |
| SCHV Schwab US Large-Cap Value | 2.39% | 334,668 | $8.9M | Reduce -2.4% |
| JUST Goldman Sachs Just US LRG | 2.37% | 110,899 | $8.8M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 2.25% | 34,131 | $8.4M | Reduce -6.0% |
| DON Wisdomtree US Midcap Dividen | 2.24% | 167,962 | $8.3M | Add +2.8% |
| IJK iShares S&P Mid-Cap 400 Grow | 2.23% | 99,328 | $8.3M | Add +3.8% |
| GIGB Goldman Sachs Inv GRD Corp. | 2.13% | 172,975 | $7.9M | Add +3.8% |
| MPC Marathon Petroleum Corp. | 2.13% | 54,216 | $7.9M | Add +0.4% |
| GDX Vaneck Gold Miners ETF | 1.97% | 159,134 | $7.3M | Reduce -1.1% |
| HDEF Xtrackers MSCI Eafe High Div | 1.94% | 265,022 | $7.2M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 1.91% | 37,379 | $7.1M | Reduce -3.5% |
| CVX Chevron Corp. | 1.86% | 41,194 | $6.9M | Add +0.5% |
| MS Morgan Stanley | 1.80% | 57,428 | $6.7M | Reduce -6.3% |
| IJR iShares Core S&P Small-Cap E | 1.80% | 63,782 | $6.7M | Reduce -2.5% |
| OMFL Invesco Russell 1000 DYN M/F | 1.65% | 114,801 | $6.1M | Reduce -4.9% |
| SCHM Schwab US Mid Cap ETF | 1.55% | 220,231 | $5.8M | Add +17.3% |
| DGRW Wisdomtree U.S. Quality Divi | 1.55% | 71,983 | $5.7M | Add +6.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.55% | 12,243 | $5.7M | Add +1.7% |
| ILCG iShares Morningstar Growth E | 1.49% | 68,424 | $5.5M | Reduce -0.8% |
| EFG iShares MSCI Eafe Growth ETF | 1.49% | 55,232 | $5.5M | Add +6.0% |
| AVUV Avantis US Small Cap Value | 1.44% | 61,169 | $5.3M | Add +2.8% |
| IEF iShares 7-10 Year Treasury B | 1.41% | 54,980 | $5.2M | Add +7.0% |
| COWZ Pacer US Cash Cows 100 ETF | 1.41% | 95,656 | $5.2M | Add +17.3% |
| CNI Canadian Natl Railway Co. | 1.37% | 52,079 | $5.1M | Add +4.5% |
| FIW First Trust Water ETF | 1.32% | 48,618 | $4.9M | Add +0.2% |
| VZ Verizon Communications Inc. | 1.29% | 105,482 | $4.8M | Reduce -4.3% |
| AMLP Alerian MLP ETF | 1.26% | 90,309 | $4.7M | Reduce -0.2% |
| LH Labcorp Holdings Inc. | 1.19% | 19,065 | $4.4M | Reduce -0.2% |
| PAYX Paychex Inc. | 1.03% | 24,869 | $3.8M | Reduce -0.9% |
| HON Honeywell International Inc. | 1.03% | 18,065 | $3.8M | Add +4.9% |
| BAB Invesco Taxable Municipal Bo | 0.87% | 120,964 | $3.2M | Add +8.1% |
| PYPL PayPal Holdings Inc. | 0.84% | 48,047 | $3.1M | Reduce -14.5% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.79% | 33,675 | $2.9M | Add +7.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.63% | 23,659 | $2.3M | Reduce -10.7% |
| XLE SS Energy Select Sector | 0.48% | 19,068 | $1.8M | Add +9.9% |
| SCHR Schwab Intermediate-Term US | 0.43% | 63,639 | $1.6M | New |
| SCHF Schwab Intl Equity ETF | 0.37% | 68,598 | $1.4M | Reduce -19.5% |
| SBUX Starbucks Corp. | 0.25% | 9,627 | $944K | Reduce -25.4% |
| EPD Enterprise Products Partners | 0.24% | 25,780 | $880K | No change |
| MRSH Marsh & McLennan Cos | 0.22% | 3,296 | $804K | Reduce -11.9% |
| ADP Automatic Data Processing | 0.22% | 2,617 | $800K | Reduce -11.1% |
| XLI SS Industrial Select Sector | 0.21% | 5,970 | $782K | Add +22.2% |
| RODM Hartford Multifact Dev MRKT | 0.15% | 18,081 | $560K | No change |
| MINT PIMCO Enhanced Short Maturit | 0.11% | 4,157 | $418K | Reduce -0.6% |
| ABBV Abbvie Inc. | 0.09% | 1,522 | $319K | No change |
| JNJ Johnson & Johnson | 0.08% | 1,901 | $315K | Add +0.6% |
| F Ford Motor Co. filed as FORD MTR CO | 0.07% | 27,576 | $277K | Reduce -11.3% |
| SYK Stryker Corp. | 0.07% | 666 | $248K | Add +0.9% |
| V Visa Inc. Class A | 0.06% | 675 | $237K | No change |
| DTE DTE Energy Company | 0.06% | 1,696 | $234K | New |
| TSLA Tesla Inc. | 0.06% | 886 | $230K | Reduce -37.6% |
| SCHB Schwab US Broad Market ETF | 0.06% | 10,513 | $226K | Reduce -6.2% |
| XLK SS Technology Select Sector | 0.05% | 983 | $203K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -3.6% | 3.87% | −1.06 |
| PYPL PayPal Holdings Inc. | Reduce -14.5% | 0.84% | −0.45 |
| MSFT Microsoft Corp. | Reduce -1.6% | 2.88% | −0.41 |
| AAPL Apple Inc. | Reduce -2.2% | 2.57% | −0.40 |
| AMZN Amazon.com Inc. | Reduce -3.5% | 1.91% | −0.38 |
| MS Morgan Stanley | Reduce -6.3% | 1.80% | −0.28 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.5% | 1.80% | −0.24 |
| ILCG iShares Morningstar Growth E | Reduce -0.8% | 1.49% | −0.18 |
| META Meta Platforms Inc. Class A | Reduce -4.5% | 2.56% | −0.17 |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | Sold out | 0.00% | −0.17 |
| DIS The Walt Disney Co. | Reduce -10.7% | 0.63% | −0.17 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -4.9% | 1.65% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -6.0% | 2.25% | −0.10 |
| TSLA Tesla Inc. | Reduce -37.6% | 0.06% | −0.09 |
| XYZ Block Inc. | Sold out | 0.00% | −0.08 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.08 |
| SBUX Starbucks Corp. | Reduce -25.4% | 0.25% | −0.06 |
| SCHF Schwab Intl Equity ETF | Reduce -19.5% | 0.37% | −0.06 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.05 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -0.2% | 3.77% | −0.03 |
| SCHV Schwab US Large-Cap Value | Reduce -2.4% | 2.39% | −0.02 |
| ADP Automatic Data Processing | Reduce -11.1% | 0.22% | −0.02 |
| F Ford Motor Co. | Reduce -11.3% | 0.07% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -6.2% | 0.06% | −0.01 |
| MINT PIMCO Enhanced Short Maturit | Reduce -0.6% | 0.11% | −0.00 |
| MRSH Marsh & McLennan Cos | Reduce -11.9% | 0.22% | +0.00 |
| LH Labcorp Holdings Inc. | Reduce -0.2% | 1.19% | +0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -4.0% | 3.45% | +0.03 |
| PAYX Paychex Inc. | Reduce -0.9% | 1.03% | +0.08 |
| AMLP Alerian MLP ETF | Reduce -0.2% | 1.26% | +0.09 |
| VZ Verizon Communications Inc. | Reduce -4.3% | 1.29% | +0.10 |
| GSIE Goldman Sachs Activebeta Int | Reduce -2.6% | 3.68% | +0.13 |
| HDEF Xtrackers MSCI Eafe High Div | Reduce -1.3% | 1.94% | +0.17 |
| SFM Sprouts Farmers Market Inc. | Reduce -8.7% | 3.42% | +0.29 |
| GDX Vaneck Gold Miners ETF | Reduce -1.1% | 1.97% | +0.50 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 10.55% | +1.37 |
Portfolio Buys Q4 2024 → Q1 2025
| SCHR Schwab Intermediate-Term US | New | 0.43% | +0.43 |
| CVX Chevron Corp. | Add +0.5% | 1.86% | +0.25 |
| TIP iShares Tips Bond ETF | Add +4.8% | 2.45% | +0.20 |
| COWZ Pacer US Cash Cows 100 ETF | Add +17.3% | 1.41% | +0.17 |
| FLTR Vaneck Ig Floating Rate ETF | Add +6.5% | 2.54% | +0.16 |
| SCHM Schwab US Mid Cap ETF | Add +17.3% | 1.55% | +0.15 |
| SHY iShares 1-3 Year Treasury Bo | Add +4.6% | 2.79% | +0.14 |
| IEF iShares 7-10 Year Treasury B | Add +7.0% | 1.41% | +0.13 |
| EFG iShares MSCI Eafe Growth ETF | Add +6.0% | 1.49% | +0.12 |
| GIGB Goldman Sachs Inv GRD Corp. | Add +3.8% | 2.13% | +0.10 |
| MPC Marathon Petroleum Corp. | Add +0.4% | 2.13% | +0.09 |
| BAB Invesco Taxable Municipal Bo | Add +8.1% | 0.87% | +0.08 |
| XLE SS Energy Select Sector | Add +9.9% | 0.48% | +0.08 |
| DGRW Wisdomtree U.S. Quality Divi | Add +6.8% | 1.55% | +0.07 |
| DTE DTE Energy Company | New | 0.06% | +0.06 |
| XLI SS Industrial Select Sector | Add +22.2% | 0.21% | +0.04 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Add +7.6% | 0.79% | +0.03 |
| JNJ Johnson & Johnson | Add +0.6% | 0.08% | +0.01 |
| SYK Stryker Corp. | Add +0.9% | 0.07% | +0.00 |
| CNI Canadian Natl Railway Co. | Add +4.5% | 1.37% | +0.00 |
| DON Wisdomtree US Midcap Dividen | Add +2.8% | 2.24% | −0.01 |
| FIW First Trust Water ETF | Add +0.2% | 1.32% | −0.02 |
| HON Honeywell International Inc. | Add +4.9% | 1.03% | −0.02 |
| JUST Goldman Sachs Just US LRG | Add +1.9% | 2.37% | −0.07 |
| AVUV Avantis US Small Cap Value | Add +2.8% | 1.44% | −0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.7% | 1.55% | −0.12 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +3.8% | 2.23% | −0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 72 | $469.2M | BRK.B, GOOGL, FNDX, GSIE, FLTR |
| Q1 2026 | 67 | $430.4M | BRK.B, GOOGL, FNDX, GSIE, GDX |
| Q4 2025 | 68 | $424.4M | BRK.B, GOOGL, FNDX, GSIE, FLTR |
| Q3 2025 | 67 | $421.5M | BRK.B, GOOGL, FNDX, GSIE, MSFT |
| Q2 2025 | 65 | $400.6M | BRK.B, GOOGL, GSIE, FNDX, MSFT |
| Q1 2025 | 64 | $371.4M | BRK.B, GOOGL, FNDX, GSIE, USMV |
| Q4 2024 | 66 | $370.2M | BRK.B, GOOGL, FNDX, GSIE, USMV |
| Q3 2024 | 64 | $364.5M | BRK.B, GOOGL, GSIE, FNDX, USMV |
| Q2 2024 | 63 | $340.3M | BRK.B, GOOGL, GSIE, MSFT, FNDX |
| Q1 2024 | 63 | $338.6M | BRK.B, GOOGL, GSIE, USMV, FNDX |