White Pine Investment CO
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), White Pine Investment CO reported 68 stock positions worth $424.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.2% of the portfolio, followed by Alphabet Class A (GOOGL, 6.2%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 3.8%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 28 and reduced 31. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +109%) and the biggest sale iShares 1-3 Year Treasury Bo (SHY, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- LIVONIA, MI
- CIK
- 0001318259
- Portfolio Value
- $424.4M (Q4 2025)
- SEC Filing
- 0001318259-26-000001 ↗ filed Jan 28, 2026
Holdings Value
Holdings 68 stocks · $424.4M
| BRK.B Berkshire Hathaway Inc. Class B | 8.20% | 69,275 | $34.8M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 6.21% | 84,180 | $26.3M | Reduce -5.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 3.78% | 589,684 | $16.0M | Add +0.1% |
| GSIE Goldman Sachs Activebeta Int | 3.78% | 373,145 | $16.0M | Reduce -0.5% |
| FLTR Vaneck Ig Floating Rate ETF | 3.20% | 533,046 | $13.6M | Add +2.1% |
| GDX Vaneck Gold Miners ETF | 3.16% | 156,287 | $13.4M | Reduce -0.9% |
| MSFT Microsoft Corp. | 2.98% | 26,161 | $12.7M | Reduce -2.6% |
| USMV iShares MSCI USA Min Vol Fac | 2.90% | 130,874 | $12.3M | Add +0.7% |
| AAPL Apple Inc. | 2.67% | 41,676 | $11.3M | Reduce -0.9% |
| SCHR Schwab Intermediate-Term US | 2.58% | 436,376 | $10.9M | Add +7.3% |
| META Meta Platforms Inc. Class A | 2.46% | 15,799 | $10.4M | Reduce -0.6% |
| TIP iShares Tips Bond ETF | 2.45% | 94,519 | $10.4M | Add +3.4% |
| JAAA Janus Henderson Aaa Clo ETF | 2.33% | 195,464 | $9.9M | Add +108.5% |
| JUST Goldman Sachs Just US LRG | 2.32% | 101,624 | $9.8M | Reduce -1.0% |
| IJK iShares S&P Mid-Cap 400 Grow | 2.31% | 100,983 | $9.8M | Add +0.8% |
| SCHV Schwab US Large-Cap Value | 2.29% | 328,528 | $9.7M | Add +0.7% |
| JPM JPMorgan Chase & Co. | 2.29% | 30,187 | $9.7M | Reduce -4.9% |
| MS Morgan Stanley | 2.15% | 51,335 | $9.1M | Reduce -3.1% |
| DON Wisdomtree US Midcap Dividen | 2.11% | 173,338 | $8.9M | Add +2.3% |
| GIGB Goldman Sachs Inv GRD Corp. | 2.03% | 186,351 | $8.6M | Add +0.9% |
| AMZN Amazon.com Inc. | 1.99% | 36,502 | $8.4M | Reduce -0.9% |
| MPC Marathon Petroleum Corp. | 1.88% | 49,161 | $8.0M | Reduce -4.9% |
| HDEF Xtrackers MSCI Eafe High Div | 1.85% | 252,875 | $7.8M | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.82% | 12,590 | $7.7M | Add +0.7% |
| IJR iShares Core S&P Small-Cap E | 1.75% | 61,788 | $7.4M | Reduce -0.1% |
| SCHM Schwab US Mid Cap ETF | 1.68% | 237,297 | $7.1M | Add +4.6% |
| ILCG iShares Morningstar Growth E | 1.68% | 68,396 | $7.1M | Add +0.8% |
| IEF iShares 7-10 Year Treasury B | 1.60% | 70,753 | $6.8M | Add +7.3% |
| AVUV Avantis US Small Cap Value | 1.53% | 63,711 | $6.5M | Add +2.4% |
| DGRW Wisdomtree U.S. Quality Divi | 1.51% | 71,846 | $6.4M | Add +0.4% |
| EFG iShares MSCI Eafe Growth ETF | 1.50% | 55,777 | $6.4M | Add +0.1% |
| AVLV Avantis US Large Cap Value | 1.47% | 82,516 | $6.3M | Add +1.7% |
| SFM Sprouts Farmers Market Inc. | 1.45% | 77,149 | $6.1M | Add +0.7% |
| CVX Chevron Corp. | 1.40% | 38,878 | $5.9M | Reduce -2.9% |
| NEE Nextera Energy Inc. | 1.29% | 68,458 | $5.5M | Add +0.8% |
| CNI Canadian Natl Railway Co. | 1.22% | 52,334 | $5.2M | Reduce -0.5% |
| FIW First Trust Water ETF | 1.21% | 47,202 | $5.1M | Reduce -1.2% |
| NVDA Nvidia Corp. | 1.15% | 26,175 | $4.9M | Reduce -0.1% |
| AVEM Avantis Emerging Markets Eq | 1.12% | 61,672 | $4.8M | Add +65.5% |
| LH Labcorp Holdings Inc. | 1.09% | 18,380 | $4.6M | Reduce -1.0% |
| AMLP Alerian MLP ETF | 1.03% | 93,046 | $4.4M | Add +1.7% |
| VZ Verizon Communications Inc. | 0.90% | 94,246 | $3.8M | Reduce -5.4% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.84% | 34,649 | $3.5M | Add +2.6% |
| HON Honeywell International Inc. | 0.82% | 17,872 | $3.5M | Reduce -2.5% |
| PAYX Paychex Inc. | 0.62% | 23,632 | $2.7M | Reduce -4.4% |
| PYPL PayPal Holdings Inc. | 0.60% | 43,912 | $2.6M | Reduce -5.7% |
| XLE SS Energy Select Sector | 0.41% | 38,733 | $1.7M | Add +0.2% |
| SCHF Schwab Intl Equity ETF | 0.36% | 62,775 | $1.5M | Reduce -0.2% |
| XLI SS Industrial Select Sector | 0.33% | 8,931 | $1.4M | Add +9.2% |
| EPD Enterprise Products Partners | 0.17% | 23,080 | $740K | No change |
| RODM Hartford Multifact Dev MRKT | 0.16% | 18,081 | $669K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.14% | 13,728 | $586K | Add +9.5% |
| MRSH Marsh & McLennan Cos | 0.14% | 3,093 | $574K | No change |
| ADP Automatic Data Processing | 0.13% | 2,108 | $542K | Reduce -3.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.12% | 6,323 | $524K | Reduce -89.8% |
| MINT PIMCO Enhanced Short Maturit | 0.10% | 4,433 | $445K | Add +1.6% |
| JNJ Johnson & Johnson | 0.09% | 1,770 | $366K | No change |
| ABBV Abbvie Inc. | 0.08% | 1,529 | $349K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.08% | 25,876 | $339K | No change |
| TSLA Tesla Inc. | 0.08% | 711 | $320K | Reduce -19.8% |
| OMFL Invesco Russell 1000 DYN M/F | 0.07% | 4,646 | $284K | Reduce -89.9% |
| XLK SS Technology Select Sector | 0.06% | 1,795 | $258K | No change |
| SYK Stryker Corp. | 0.05% | 660 | $232K | No change |
| DTE DTE Energy Company | 0.05% | 1,683 | $217K | Add +0.2% |
| SCHB Schwab US Broad Market ETF | 0.05% | 8,221 | $216K | Reduce -6.8% |
| SOLS Solstice Adv Materials Inc. | 0.05% | 4,386 | $213K | Reduce -4.3% |
| V Visa Inc. Class A | 0.05% | 579 | $203K | Reduce -14.7% |
| SHOP Shopify Inc. Class A | 0.05% | 1,250 | $201K | New |
Portfolio Sells Q3 2025 → Q4 2025
| SHY iShares 1-3 Year Treasury Bo | Reduce -89.8% | 0.12% | −1.09 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -89.9% | 0.07% | −0.59 |
| MPC Marathon Petroleum Corp. | Reduce -4.9% | 1.88% | −0.48 |
| MSFT Microsoft Corp. | Reduce -2.6% | 2.98% | −0.32 |
| META Meta Platforms Inc. Class A | Reduce -0.6% | 2.46% | −0.31 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.4% | 8.20% | −0.26 |
| LH Labcorp Holdings Inc. | Reduce -1.0% | 1.09% | −0.18 |
| PYPL PayPal Holdings Inc. | Reduce -5.7% | 0.60% | −0.14 |
| VZ Verizon Communications Inc. | Reduce -5.4% | 0.90% | −0.13 |
| PAYX Paychex Inc. | Reduce -4.4% | 0.62% | −0.12 |
| HON Honeywell International Inc. | Reduce -2.5% | 0.82% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -4.9% | 2.29% | −0.08 |
| CVX Chevron Corp. | Reduce -2.9% | 1.40% | −0.08 |
| FIW First Trust Water ETF | Reduce -1.2% | 1.21% | −0.07 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.06 |
| ADP Automatic Data Processing | Reduce -3.9% | 0.13% | −0.03 |
| TSLA Tesla Inc. | Reduce -19.8% | 0.08% | −0.02 |
| NVDA Nvidia Corp. | Reduce -0.1% | 1.15% | −0.01 |
| V Visa Inc. Class A | Reduce -14.7% | 0.05% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -6.8% | 0.05% | −0.00 |
| SOLS Solstice Adv Materials Inc. | Reduce -4.3% | 0.05% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.1% | 1.75% | +0.01 |
| SCHF Schwab Intl Equity ETF | Reduce -0.2% | 0.36% | +0.01 |
| JUST Goldman Sachs Just US LRG | Reduce -1.0% | 2.32% | +0.03 |
| CNI Canadian Natl Railway Co. | Reduce -0.5% | 1.22% | +0.04 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 1.99% | +0.07 |
| HDEF Xtrackers MSCI Eafe High Div | Reduce -0.1% | 1.85% | +0.08 |
| GSIE Goldman Sachs Activebeta Int | Reduce -0.5% | 3.78% | +0.12 |
| AAPL Apple Inc. | Reduce -0.9% | 2.67% | +0.13 |
| MS Morgan Stanley | Reduce -3.1% | 2.15% | +0.15 |
| GDX Vaneck Gold Miners ETF | Reduce -0.9% | 3.16% | +0.30 |
| GOOGL Alphabet Inc. Class A | Reduce -5.6% | 6.21% | +1.06 |
Portfolio Buys Q3 2025 → Q4 2025
| JAAA Janus Henderson Aaa Clo ETF | Add +108.5% | 2.33% | +1.20 |
| AVEM Avantis Emerging Markets Eq | Add +65.5% | 1.12% | +0.46 |
| SCHR Schwab Intermediate-Term US | Add +7.3% | 2.58% | +0.15 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.1% | 3.78% | +0.11 |
| IEF iShares 7-10 Year Treasury B | Add +7.3% | 1.60% | +0.09 |
| SCHM Schwab US Mid Cap ETF | Add +4.6% | 1.68% | +0.09 |
| AVLV Avantis US Large Cap Value | Add +1.7% | 1.47% | +0.08 |
| NEE Nextera Energy Inc. | Add +0.8% | 1.29% | +0.08 |
| AVUV Avantis US Small Cap Value | Add +2.4% | 1.53% | +0.06 |
| SHOP Shopify Inc. Class A | New | 0.05% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.7% | 1.82% | +0.04 |
| SCHV Schwab US Large-Cap Value | Add +0.7% | 2.29% | +0.04 |
| TIP iShares Tips Bond ETF | Add +3.4% | 2.45% | +0.04 |
| FLTR Vaneck Ig Floating Rate ETF | Add +2.1% | 3.20% | +0.03 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +0.8% | 2.31% | +0.03 |
| XLI SS Industrial Select Sector | Add +9.2% | 0.33% | +0.03 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Add +2.6% | 0.84% | +0.02 |
| AMLP Alerian MLP ETF | Add +1.7% | 1.03% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +9.5% | 0.14% | +0.01 |
| DON Wisdomtree US Midcap Dividen | Add +2.3% | 2.11% | +0.00 |
| DGRW Wisdomtree U.S. Quality Divi | Add +0.4% | 1.51% | +0.00 |
| MINT PIMCO Enhanced Short Maturit | Add +1.6% | 0.10% | +0.00 |
| XLE SS Energy Select Sector | Add +0.2% | 0.41% | −0.00 |
| ILCG iShares Morningstar Growth E | Add +0.8% | 1.68% | −0.00 |
| DTE DTE Energy Company | Add +0.2% | 0.05% | −0.01 |
| EFG iShares MSCI Eafe Growth ETF | Add +0.1% | 1.50% | −0.01 |
| GIGB Goldman Sachs Inv GRD Corp. | Add +0.9% | 2.03% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Add +0.7% | 2.90% | −0.03 |
| SFM Sprouts Farmers Market Inc. | Add +0.7% | 1.45% | −0.53 |
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 |