White Pine Investment CO
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), White Pine Investment CO reported 65 stock positions worth $400.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.7% of the portfolio, followed by Alphabet Class A (GOOGL, 4.0%) and Goldman Sachs Activebeta Int (GSIE, 3.7%). Compared with Q1 2025, it opened 4 new positions, sold out of 3, added to 13 and reduced 45. The biggest buy was Schwab Intermediate-Term US (SCHR, shares +471%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- LIVONIA, MI
- CIK
- 0001318259
- Portfolio Value
- $400.6M (Q2 2025)
- SEC Filing
- 0001318259-25-000003 ↗ filed Jul 17, 2025
Holdings Value
Holdings 65 stocks · $400.6M
| BRK.B Berkshire Hathaway Inc. Class B | 8.71% | 71,811 | $34.9M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 4.03% | 91,647 | $16.2M | Reduce -1.5% |
| GSIE Goldman Sachs Activebeta Int | 3.72% | 375,538 | $14.9M | Reduce -2.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 3.60% | 587,595 | $14.4M | Reduce -0.9% |
| MSFT Microsoft Corp. | 3.39% | 27,319 | $13.6M | Reduce -4.0% |
| SFM Sprouts Farmers Market Inc. | 3.18% | 77,399 | $12.7M | Reduce -7.0% |
| USMV iShares MSCI USA Min Vol Fac | 3.10% | 132,198 | $12.4M | Reduce -3.3% |
| FLTR Vaneck Ig Floating Rate ETF | 3.07% | 482,542 | $12.3M | Add +30.6% |
| META Meta Platforms Inc. Class A | 2.98% | 16,171 | $11.9M | Reduce -1.8% |
| SHY iShares 1-3 Year Treasury Bo | 2.71% | 131,009 | $10.9M | Add +4.4% |
| JPM JPMorgan Chase & Co. | 2.35% | 32,519 | $9.4M | Reduce -4.7% |
| TIP iShares Tips Bond ETF | 2.35% | 85,650 | $9.4M | Add +4.4% |
| JUST Goldman Sachs Just US LRG | 2.30% | 104,879 | $9.2M | Reduce -5.4% |
| SCHR Schwab Intermediate-Term US | 2.27% | 363,196 | $9.1M | Add +470.7% |
| SCHV Schwab US Large-Cap Value | 2.27% | 328,315 | $9.1M | Reduce -1.9% |
| IJK iShares S&P Mid-Cap 400 Grow | 2.25% | 99,172 | $9.0M | Reduce -0.2% |
| MPC Marathon Petroleum Corp. | 2.19% | 52,725 | $8.8M | Reduce -2.8% |
| AAPL Apple Inc. | 2.18% | 42,572 | $8.7M | Reduce -1.1% |
| GIGB Goldman Sachs Inv GRD Corp. | 2.08% | 181,321 | $8.3M | Add +4.8% |
| DON Wisdomtree US Midcap Dividen | 2.07% | 165,549 | $8.3M | Reduce -1.4% |
| GDX Vaneck Gold Miners ETF | 2.04% | 157,061 | $8.2M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 2.04% | 37,258 | $8.2M | Reduce -0.3% |
| MS Morgan Stanley | 1.97% | 56,038 | $7.9M | Reduce -2.4% |
| HDEF Xtrackers MSCI Eafe High Div | 1.85% | 257,413 | $7.4M | Reduce -2.9% |
| IJR iShares Core S&P Small-Cap E | 1.71% | 62,714 | $6.9M | Reduce -1.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.69% | 12,238 | $6.8M | Reduce -0.0% |
| ILCG iShares Morningstar Growth E | 1.65% | 68,190 | $6.6M | Reduce -0.3% |
| OMFL Invesco Russell 1000 DYN M/F | 1.58% | 109,709 | $6.3M | Reduce -4.4% |
| SCHM Schwab US Mid Cap ETF | 1.55% | 221,951 | $6.2M | Add +0.8% |
| EFG iShares MSCI Eafe Growth ETF | 1.54% | 55,095 | $6.2M | Reduce -0.3% |
| DGRW Wisdomtree U.S. Quality Divi | 1.50% | 71,622 | $6.0M | Reduce -0.5% |
| CVX Chevron Corp. | 1.42% | 39,686 | $5.7M | Reduce -3.7% |
| IEF iShares 7-10 Year Treasury B | 1.40% | 58,557 | $5.6M | Add +6.5% |
| AVUV Avantis US Small Cap Value | 1.40% | 61,387 | $5.6M | Add +0.4% |
| CNI Canadian Natl Railway Co. | 1.36% | 52,234 | $5.4M | Add +0.3% |
| AVLV Avantis US Large Cap Value | 1.32% | 77,303 | $5.3M | New |
| FIW First Trust Water ETF | 1.29% | 47,790 | $5.2M | Reduce -1.7% |
| LH Labcorp Holdings Inc. | 1.24% | 18,852 | $4.9M | Reduce -1.1% |
| NEE Nextera Energy Inc. | 1.14% | 65,601 | $4.6M | New |
| AMLP Alerian MLP ETF | 1.11% | 90,860 | $4.4M | Add +0.6% |
| VZ Verizon Communications Inc. | 1.09% | 100,754 | $4.4M | Reduce -4.5% |
| HON Honeywell International Inc. | 1.05% | 18,041 | $4.2M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.03% | 26,098 | $4.1M | New |
| PAYX Paychex Inc. | 0.89% | 24,519 | $3.6M | Reduce -1.4% |
| PYPL PayPal Holdings Inc. | 0.88% | 47,227 | $3.5M | Reduce -1.7% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.83% | 33,658 | $3.3M | Reduce -0.1% |
| XLE SS Energy Select Sector | 0.40% | 18,926 | $1.6M | Reduce -0.7% |
| SCHF Schwab Intl Equity ETF | 0.36% | 64,370 | $1.4M | Reduce -6.2% |
| XLI SS Industrial Select Sector | 0.28% | 7,577 | $1.1M | Add +26.9% |
| EPD Enterprise Products Partners | 0.18% | 23,080 | $716K | Reduce -10.5% |
| MRSH Marsh & McLennan Cos | 0.18% | 3,241 | $709K | Reduce -1.7% |
| ADP Automatic Data Processing | 0.17% | 2,234 | $689K | Reduce -14.6% |
| RODM Hartford Multifact Dev MRKT | 0.15% | 18,081 | $617K | No change |
| SBUX Starbucks Corp. | 0.15% | 6,509 | $596K | Reduce -32.4% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.12% | 5,800 | $474K | New |
| MINT PIMCO Enhanced Short Maturit | 0.11% | 4,267 | $429K | Add +2.6% |
| ABBV Abbvie Inc. | 0.07% | 1,522 | $283K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.07% | 25,876 | $281K | Reduce -6.2% |
| TSLA Tesla Inc. | 0.07% | 886 | $281K | No change |
| JNJ Johnson & Johnson | 0.07% | 1,770 | $270K | Reduce -6.9% |
| SYK Stryker Corp. | 0.07% | 660 | $261K | Reduce -0.9% |
| V Visa Inc. Class A | 0.06% | 676 | $240K | Add +0.1% |
| XLK SS Technology Select Sector | 0.06% | 898 | $227K | Reduce -8.7% |
| DTE DTE Energy Company | 0.06% | 1,667 | $221K | Reduce -1.7% |
| SCHB Schwab US Broad Market ETF | 0.05% | 8,986 | $214K | Reduce -14.5% |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.4% | 8.71% | −1.84 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −1.41 |
| BAB Invesco Taxable Municipal Bo | Sold out | 0.00% | −0.87 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.63 |
| CVX Chevron Corp. | Reduce -3.7% | 1.42% | −0.44 |
| AAPL Apple Inc. | Reduce -1.1% | 2.18% | −0.39 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -3.3% | 3.10% | −0.35 |
| SFM Sprouts Farmers Market Inc. | Reduce -7.0% | 3.18% | −0.24 |
| VZ Verizon Communications Inc. | Reduce -4.5% | 1.09% | −0.20 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -0.9% | 3.60% | −0.17 |
| DON Wisdomtree US Midcap Dividen | Reduce -1.4% | 2.07% | −0.17 |
| PAYX Paychex Inc. | Reduce -1.4% | 0.89% | −0.14 |
| SCHV Schwab US Large-Cap Value | Reduce -1.9% | 2.27% | −0.13 |
| SBUX Starbucks Corp. | Reduce -32.4% | 0.15% | −0.11 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.7% | 1.71% | −0.08 |
| HDEF Xtrackers MSCI Eafe High Div | Reduce -2.9% | 1.85% | −0.08 |
| XLE SS Energy Select Sector | Reduce -0.7% | 0.40% | −0.08 |
| JUST Goldman Sachs Just US LRG | Reduce -5.4% | 2.30% | −0.07 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -4.4% | 1.58% | −0.07 |
| EPD Enterprise Products Partners | Reduce -10.5% | 0.18% | −0.06 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -0.5% | 1.50% | −0.05 |
| ADP Automatic Data Processing | Reduce -14.6% | 0.17% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -1.7% | 0.18% | −0.04 |
| FIW First Trust Water ETF | Reduce -1.7% | 1.29% | −0.03 |
| JNJ Johnson & Johnson | Reduce -6.9% | 0.07% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -6.2% | 0.36% | −0.01 |
| DTE DTE Energy Company | Reduce -1.7% | 0.06% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -14.5% | 0.05% | −0.01 |
| F Ford Motor Co. | Reduce -6.2% | 0.07% | −0.00 |
| SYK Stryker Corp. | Reduce -0.9% | 0.07% | −0.00 |
| XLK SS Technology Select Sector | Reduce -8.7% | 0.06% | +0.00 |
| HON Honeywell International Inc. | Reduce -0.1% | 1.05% | +0.02 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -0.2% | 2.25% | +0.03 |
| PYPL PayPal Holdings Inc. | Reduce -1.7% | 0.88% | +0.03 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Reduce -0.1% | 0.83% | +0.04 |
| LH Labcorp Holdings Inc. | Reduce -1.1% | 1.24% | +0.04 |
| GSIE Goldman Sachs Activebeta Int | Reduce -2.0% | 3.72% | +0.04 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -0.3% | 1.54% | +0.05 |
| MPC Marathon Petroleum Corp. | Reduce -2.8% | 2.19% | +0.06 |
| GDX Vaneck Gold Miners ETF | Reduce -1.3% | 2.04% | +0.07 |
| JPM JPMorgan Chase & Co. | Reduce -4.7% | 2.35% | +0.10 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 2.04% | +0.13 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.0% | 1.69% | +0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 4.03% | +0.16 |
| ILCG iShares Morningstar Growth E | Reduce -0.3% | 1.65% | +0.16 |
| MS Morgan Stanley | Reduce -2.4% | 1.97% | +0.17 |
| META Meta Platforms Inc. Class A | Reduce -1.8% | 2.98% | +0.42 |
| MSFT Microsoft Corp. | Reduce -4.0% | 3.39% | +0.52 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHR Schwab Intermediate-Term US | Add +470.7% | 2.27% | +1.84 |
| AVLV Avantis US Large Cap Value | New | 1.32% | +1.32 |
| NEE Nextera Energy Inc. | New | 1.14% | +1.14 |
| NVDA Nvidia Corp. | New | 1.03% | +1.03 |
| FLTR Vaneck Ig Floating Rate ETF | Add +30.6% | 3.07% | +0.53 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.12% | +0.12 |
| XLI SS Industrial Select Sector | Add +26.9% | 0.28% | +0.07 |
| SCHM Schwab US Mid Cap ETF | Add +0.8% | 1.55% | +0.00 |
| V Visa Inc. Class A | Add +0.1% | 0.06% | −0.00 |
| MINT PIMCO Enhanced Short Maturit | Add +2.6% | 0.11% | −0.01 |
| CNI Canadian Natl Railway Co. | Add +0.3% | 1.36% | −0.01 |
| IEF iShares 7-10 Year Treasury B | Add +6.5% | 1.40% | −0.01 |
| AVUV Avantis US Small Cap Value | Add +0.4% | 1.40% | −0.04 |
| GIGB Goldman Sachs Inv GRD Corp. | Add +4.8% | 2.08% | −0.05 |
| SHY iShares 1-3 Year Treasury Bo | Add +4.4% | 2.71% | −0.09 |
| TIP iShares Tips Bond ETF | Add +4.4% | 2.35% | −0.10 |
| AMLP Alerian MLP ETF | Add +0.6% | 1.11% | −0.15 |
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 |