White Pine Investment CO
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), White Pine Investment CO reported 67 stock positions worth $421.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.5% of the portfolio, followed by Alphabet Class A (GOOGL, 5.1%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 3.7%). Compared with Q2 2025, it opened 2 new positions, added to 29 and reduced 29. The biggest buy was a new position in Janus Henderson Aaa Clo ETF (JAAA) and the biggest sale iShares 1-3 Year Treasury Bo (SHY, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- LIVONIA, MI
- CIK
- 0001318259
- Portfolio Value
- $421.5M (Q3 2025)
- SEC Filing
- 0001318259-25-000005 ↗ filed Oct 14, 2025
Holdings Value
Holdings 67 stocks · $421.5M
| BRK.B Berkshire Hathaway Inc. Class B | 8.47% | 71,007 | $35.7M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 5.14% | 89,199 | $21.7M | Reduce -2.7% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 3.67% | 588,977 | $15.5M | Add +0.2% |
| GSIE Goldman Sachs Activebeta Int | 3.66% | 374,836 | $15.4M | Reduce -0.2% |
| MSFT Microsoft Corp. | 3.30% | 26,855 | $13.9M | Reduce -1.7% |
| FLTR Vaneck Ig Floating Rate ETF | 3.17% | 522,251 | $13.4M | Add +8.2% |
| USMV iShares MSCI USA Min Vol Fac | 2.93% | 129,991 | $12.4M | Reduce -1.7% |
| GDX Vaneck Gold Miners ETF | 2.86% | 157,776 | $12.1M | Add +0.5% |
| META Meta Platforms Inc. Class A | 2.77% | 15,899 | $11.7M | Reduce -1.7% |
| AAPL Apple Inc. | 2.54% | 42,054 | $10.7M | Reduce -1.2% |
| SCHR Schwab Intermediate-Term US | 2.42% | 406,576 | $10.2M | Add +11.9% |
| TIP iShares Tips Bond ETF | 2.41% | 91,408 | $10.2M | Add +6.7% |
| JPM JPMorgan Chase & Co. | 2.38% | 31,749 | $10.0M | Reduce -2.4% |
| MPC Marathon Petroleum Corp. | 2.36% | 51,683 | $10.0M | Reduce -2.0% |
| JUST Goldman Sachs Just US LRG | 2.28% | 102,637 | $9.6M | Reduce -2.1% |
| IJK iShares S&P Mid-Cap 400 Grow | 2.28% | 100,140 | $9.6M | Add +1.0% |
| SCHV Schwab US Large-Cap Value | 2.25% | 326,358 | $9.5M | Reduce -0.6% |
| DON Wisdomtree US Midcap Dividen | 2.10% | 169,518 | $8.9M | Add +2.4% |
| GIGB Goldman Sachs Inv GRD Corp. | 2.05% | 184,755 | $8.6M | Add +1.9% |
| MS Morgan Stanley | 2.00% | 52,980 | $8.4M | Reduce -5.5% |
| SFM Sprouts Farmers Market Inc. | 1.98% | 76,638 | $8.3M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 1.92% | 36,843 | $8.1M | Reduce -1.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.78% | 12,502 | $7.5M | Add +2.2% |
| HDEF Xtrackers MSCI Eafe High Div | 1.77% | 253,192 | $7.4M | Reduce -1.6% |
| IJR iShares Core S&P Small-Cap E | 1.74% | 61,870 | $7.4M | Reduce -1.4% |
| ILCG iShares Morningstar Growth E | 1.68% | 67,873 | $7.1M | Reduce -0.5% |
| SCHM Schwab US Mid Cap ETF | 1.60% | 226,887 | $6.7M | Add +2.2% |
| DGRW Wisdomtree U.S. Quality Divi | 1.51% | 71,548 | $6.4M | Reduce -0.1% |
| IEF iShares 7-10 Year Treasury B | 1.51% | 65,962 | $6.4M | Add +12.7% |
| EFG iShares MSCI Eafe Growth ETF | 1.51% | 55,738 | $6.3M | Add +1.2% |
| CVX Chevron Corp. | 1.47% | 40,023 | $6.2M | Add +0.8% |
| AVUV Avantis US Small Cap Value | 1.47% | 62,191 | $6.2M | Add +1.3% |
| AVLV Avantis US Large Cap Value | 1.39% | 81,161 | $5.9M | Add +5.0% |
| FIW First Trust Water ETF | 1.27% | 47,771 | $5.4M | Reduce -0.0% |
| LH Labcorp Holdings Inc. | 1.26% | 18,570 | $5.3M | Reduce -1.5% |
| SHY iShares 1-3 Year Treasury Bo | 1.22% | 61,837 | $5.1M | Reduce -52.8% |
| NEE Nextera Energy Inc. | 1.22% | 67,906 | $5.1M | Add +3.5% |
| CNI Canadian Natl Railway Co. | 1.18% | 52,620 | $5.0M | Add +0.7% |
| NVDA Nvidia Corp. | 1.16% | 26,213 | $4.9M | Add +0.4% |
| JAAA Janus Henderson Aaa Clo ETF | 1.13% | 93,748 | $4.8M | New |
| VZ Verizon Communications Inc. | 1.04% | 99,641 | $4.4M | Reduce -1.1% |
| AMLP Alerian MLP ETF | 1.02% | 91,500 | $4.3M | Add +0.7% |
| HON Honeywell International Inc. | 0.92% | 18,335 | $3.9M | Add +1.6% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.81% | 33,761 | $3.4M | Add +0.3% |
| PAYX Paychex Inc. | 0.74% | 24,710 | $3.1M | Add +0.8% |
| PYPL PayPal Holdings Inc. | 0.74% | 46,559 | $3.1M | Reduce -1.4% |
| AVEM Avantis Emerging Markets Eq | 0.66% | 37,259 | $2.8M | New |
| OMFL Invesco Russell 1000 DYN M/F | 0.66% | 46,060 | $2.8M | Reduce -58.0% |
| XLE SS Energy Select Sector | 0.41% | 19,327 | $1.7M | Add +2.1% |
| SCHF Schwab Intl Equity ETF | 0.35% | 62,913 | $1.5M | Reduce -2.3% |
| XLI SS Industrial Select Sector | 0.30% | 8,180 | $1.3M | Add +8.0% |
| EPD Enterprise Products Partners | 0.17% | 23,080 | $722K | No change |
| ADP Automatic Data Processing | 0.15% | 2,193 | $644K | Reduce -1.8% |
| RODM Hartford Multifact Dev MRKT | 0.15% | 18,081 | $642K | No change |
| MRSH Marsh & McLennan Cos | 0.15% | 3,093 | $623K | Reduce -4.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.13% | 6,270 | $547K | Add +8.1% |
| MINT PIMCO Enhanced Short Maturit | 0.10% | 4,363 | $439K | Add +2.3% |
| TSLA Tesla Inc. | 0.09% | 886 | $394K | No change |
| ABBV Abbvie Inc. | 0.08% | 1,529 | $354K | Add +0.5% |
| JNJ Johnson & Johnson | 0.08% | 1,770 | $328K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.07% | 25,876 | $309K | No change |
| XLK SS Technology Select Sector | 0.06% | 898 | $253K | No change |
| SBUX Starbucks Corp. | 0.06% | 2,991 | $253K | Reduce -54.0% |
| SYK Stryker Corp. | 0.06% | 660 | $244K | No change |
| DTE DTE Energy Company | 0.06% | 1,679 | $238K | Add +0.7% |
| V Visa Inc. Class A | 0.06% | 679 | $232K | Add +0.4% |
| SCHB Schwab US Broad Market ETF | 0.05% | 8,821 | $227K | Reduce -1.8% |
Portfolio Sells Q2 2025 → Q3 2025
| SHY iShares 1-3 Year Treasury Bo | Reduce -52.8% | 1.22% | −1.49 |
| SFM Sprouts Farmers Market Inc. | Reduce -1.0% | 1.98% | −1.20 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -58.0% | 0.66% | −0.92 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 8.47% | −0.24 |
| META Meta Platforms Inc. Class A | Reduce -1.7% | 2.77% | −0.21 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -1.7% | 2.93% | −0.16 |
| PYPL PayPal Holdings Inc. | Reduce -1.4% | 0.74% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 1.92% | −0.12 |
| MSFT Microsoft Corp. | Reduce -1.7% | 3.30% | −0.09 |
| SBUX Starbucks Corp. | Reduce -54.0% | 0.06% | −0.09 |
| HDEF Xtrackers MSCI Eafe High Div | Reduce -1.6% | 1.77% | −0.09 |
| GSIE Goldman Sachs Activebeta Int | Reduce -0.2% | 3.66% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -1.1% | 1.04% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -4.6% | 0.15% | −0.03 |
| ADP Automatic Data Processing | Reduce -1.8% | 0.15% | −0.02 |
| JUST Goldman Sachs Just US LRG | Reduce -2.1% | 2.28% | −0.02 |
| FIW First Trust Water ETF | Reduce -0.0% | 1.27% | −0.01 |
| SCHV Schwab US Large-Cap Value | Reduce -0.6% | 2.25% | −0.01 |
| SCHF Schwab Intl Equity ETF | Reduce -2.3% | 0.35% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -1.8% | 0.05% | +0.00 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -0.1% | 1.51% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -2.4% | 2.38% | +0.02 |
| MS Morgan Stanley | Reduce -5.5% | 2.00% | +0.03 |
| LH Labcorp Holdings Inc. | Reduce -1.5% | 1.26% | +0.03 |
| ILCG iShares Morningstar Growth E | Reduce -0.5% | 1.68% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.4% | 1.74% | +0.03 |
| MPC Marathon Petroleum Corp. | Reduce -2.0% | 2.36% | +0.18 |
| AAPL Apple Inc. | Reduce -1.2% | 2.54% | +0.36 |
| GOOGL Alphabet Inc. Class A | Reduce -2.7% | 5.14% | +1.11 |
Portfolio Buys Q2 2025 → Q3 2025
| JAAA Janus Henderson Aaa Clo ETF | New | 1.13% | +1.13 |
| GDX Vaneck Gold Miners ETF | Add +0.5% | 2.86% | +0.82 |
| AVEM Avantis Emerging Markets Eq | New | 0.66% | +0.66 |
| SCHR Schwab Intermediate-Term US | Add +11.9% | 2.42% | +0.15 |
| NVDA Nvidia Corp. | Add +0.4% | 1.16% | +0.13 |
| IEF iShares 7-10 Year Treasury B | Add +12.7% | 1.51% | +0.11 |
| FLTR Vaneck Ig Floating Rate ETF | Add +8.2% | 3.17% | +0.10 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.2% | 1.78% | +0.10 |
| NEE Nextera Energy Inc. | Add +3.5% | 1.22% | +0.08 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.2% | 3.67% | +0.08 |
| AVLV Avantis US Large Cap Value | Add +5.0% | 1.39% | +0.08 |
| AVUV Avantis US Small Cap Value | Add +1.3% | 1.47% | +0.07 |
| TIP iShares Tips Bond ETF | Add +6.7% | 2.41% | +0.06 |
| CVX Chevron Corp. | Add +0.8% | 1.47% | +0.06 |
| SCHM Schwab US Mid Cap ETF | Add +2.2% | 1.60% | +0.04 |
| DON Wisdomtree US Midcap Dividen | Add +2.4% | 2.10% | +0.03 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +1.0% | 2.28% | +0.03 |
| XLI SS Industrial Select Sector | Add +8.0% | 0.30% | +0.02 |
| ABBV Abbvie Inc. | Add +0.5% | 0.08% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +8.1% | 0.13% | +0.01 |
| XLE SS Energy Select Sector | Add +2.1% | 0.41% | +0.01 |
| DTE DTE Energy Company | Add +0.7% | 0.06% | +0.00 |
| MINT PIMCO Enhanced Short Maturit | Add +2.3% | 0.10% | −0.00 |
| V Visa Inc. Class A | Add +0.4% | 0.06% | −0.00 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Add +0.3% | 0.81% | −0.01 |
| EFG iShares MSCI Eafe Growth ETF | Add +1.2% | 1.51% | −0.03 |
| GIGB Goldman Sachs Inv GRD Corp. | Add +1.9% | 2.05% | −0.04 |
| AMLP Alerian MLP ETF | Add +0.7% | 1.02% | −0.09 |
| HON Honeywell International Inc. | Add +1.6% | 0.92% | −0.13 |
| PAYX Paychex Inc. | Add +0.8% | 0.74% | −0.15 |
| CNI Canadian Natl Railway Co. | Add +0.7% | 1.18% | −0.18 |
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 |