White Pine Investment CO
Sector Allocation
- Other49.7%$238.5M
- Financials22.2%$106.5M
- Technology14.9%$71.6M
- Energy5.1%$24.6M
- Consumer Discretionary2.0%$9.7M
- Industrials2.0%$9.7M
- Healthcare1.3%$6.3M
- Utilities1.1%$5.5M
- Consumer Staples0.9%$4.1M
- Communication Services0.8%$3.8M
AUM History
13fpro.ai/research/fund/white-pine-investment-co-1318259
Conviction and streaks
Stable · top 10 = 37.8%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
BRK.B
$33.4MGOOGL
$26.5M- Schwab$19.5M
GS
$16.8MMPC
$16.4M- VanEck$15.1M
- VanEck$14.6M
AAPL
$13.5M- PIMCO$13.2M
MSFT
$12.8M- iShares$12.7M
- Janus$12.3M
- Schwab$11.5M
META
$11.3M- Ishares$11.2M
- $11.1M
- Schwab$11.0M
- iShares$10.8M
QQQ
$10.0MWT
$9.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/white-pine-investment-co-1318259
White Pine Investment CO 13F holdings — Q3 2026
$480.3M portfolio (+2.4% QoQ) · 68 holdings · Q3 2026 13F · top 10 are 38% of the stock portfolio
$33.4M
7.0% of stocks
-0.8%This quarter—Since filed11+ qtrsHeld$26.5M
5.5% of stocks
-3%This quarter-8.9%Since filed11+ qtrsHeld- 3
Schwab Fundamental U.S. Large - FDT US LG
$19.5M
4.1% of stocks
+0.3%This quarter—Since filed—HeldAIQuality—Est. buy— $16.8M
3.5% of stocks
-0.8%This quarter+0.2%Since filed11+ qtrsHeld$16.4M
3.4% of stocks
-7%This quarter-1.3%Since filed11+ qtrsHeldAIQuality61.4#781Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 6 qtrs in a row- 6
VanEck Vectors Investment Grade Floating Rate ETF - INVT GRADE FLTG
$15.1M
3.1% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
VanEck Vectors Gold Miners ETF - GOLD MINER ETF
$14.6M
3.0% of stocks
+3%This quarter—Since filed—HeldAIQuality—Est. buy— $13.5M
2.8% of stocks
-1%This quarter+0.6%Since filed11+ qtrsHeld- 9
PIMCO Multisector Bond Active ETF - MULTISECTOR BD
$13.2M
2.8% of stocks
+23%This quarter—Since filed—HeldAIQuality—Est. buy— $12.8M
2.7% of stocks
-2%This quarter-1.3%Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 7 qtrs in a row
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $33.4M | 7.0% | -0.8% | — | 11+ qtrs | 73.5#124 | Estimated buy price is Pro: unlock with a free trial | ||
| 2 | $26.5M | 5.5% | -3% | -8.9% | 11+ qtrsTrimmed 7 qtrs in a row | 77.7#61 | Estimated buy price is Pro: unlock with a free trial | ||
| 3 | Schwab Fundamental U.S. Large - FDT US LG | $19.5M | 4.1% | +0.3% | — | — | — | — | |
| 4 | $16.8M | 3.5% | -0.8% | +0.2% | 11+ qtrs | 73.2#127 | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | $16.4M | 3.4% | -7% | -1.3% | 11+ qtrsTrimmed 6 qtrs in a row | 61.4#781 | Estimated buy price is Pro: unlock with a free trial | ||
| 6 | VanEck Vectors Investment Grade Floating Rate ETF - INVT GRADE FLTG | $15.1M | 3.1% | +2% | — | — | — | — | |
| 7 | VanEck Vectors Gold Miners ETF - GOLD MINER ETF | $14.6M | 3.0% | +3% | — | — | — | — | |
| 8 | $13.5M | 2.8% | -1% | +0.6% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | PIMCO Multisector Bond Active ETF - MULTISECTOR BD | $13.2M | 2.8% | +23% | — | — | — | — | |
| 10 | $12.8M | 2.7% | -2% | -1.3% | 11+ qtrsTrimmed 7 qtrs in a row | AI quality score is Pro: unlock with a free trial | Estimated buy price is Pro: unlock with a free trial |
All holdings — White Pine Investment CO (Q3 2026)
68 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | iShares Edge MSCI Min Vol USA - MSCI MIN VOL ETFetf/fund | — | $12.7M | 2.6% | 130K | +0.4% | — | — | 13F |
| 12 | — | Janus Henderson AAA CLO ETF - HENDRSON AAA CLetf/fund | — | $12.3M | 2.6% | 243K | +3% | — | — | 13F |
| 13 | — | Schwab Intermediate Treasury - INT TRM US TRES | — | $11.5M | 2.4% | 485K | +2% | — | — | 13F |
| 14 | Meta Platforms, Inc. | Technology | $11.3M | 2.4% | 16K | -1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | — | Ishares S&P Midcap Growth - S&P MC 400GR ETFetf/fund | — | $11.2M | 2.3% | 102K | +0.6% | — | — | 13F |
| 16 | GOLDMAN SACHS GROUP INCetf/fund | Financials | $11.1M | 2.3% | 101K | -0.1% | 11+ qtrs | 73.2 | 13F | |
| 17 | — | Schwab U.S. Large-Cap Value ET - US LCAP VA ETFetf/fund | — | $11.0M | 2.3% | 330K | +1% | — | — | 13F |
| 18 | — | iShares TIPS Bond ETF - TIPS BD ETFnote | — | $10.8M | 2.3% | 104K | +4% | — | — | 13F |
| 19 | INVESCO QQQ TRUST, SERIES 1etf/fund | — | $10.0M | 2.1% | 14K | -0.3% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | WisdomTree, Inc.etf/fund | Financials | $9.7M | 2.0% | 179K | +0.8% | 11+ qtrsAdded 5 qtrs in a row | 61.4 | 13F | |
| 21 | JPMORGAN CHASE & CO | Financials | $9.3M | 1.9% | 28K | -1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | AMAZON COM INC | Consumer Discretionary | $9.1M | 1.9% | 36K | -1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | — | iShares Morningstar Large-Cap Growth ETF - TR GRWTetf/fund | — | $8.8M | 1.8% | 75K | +0.8% | — | — | 13F |
| 24 | — | Schwab US Mid Cap ETF - US MID CAP ETFetf/fund | — | $8.7M | 1.8% | 255K | +2% | — | — | 13F |
| 25 | — | Avantis Emerging Markets Equity ETF - AVANTIS EMGMKTetf/fund | — | $8.3M | 1.7% | 88K | +21% | — | — | 13F |
| 26 | $GS | GOLDMAN SACHS GROUP INC | Financials | $8.1M | 1.7% | 187K | -0.4% | |||
| 27 | $MS | MORGAN STANLEY | Financials | $8.1M | 1.7% | 43K | -3% | |||
| 28 | — | iShares Core S&P Small-Cap ETF - ETF TR EQUITY | — | $8.0M | 1.7% | 59K | -1% | |||
| 29 | — | Xtrackers MSCI EAFE High Div Yld Eq ETF - MSCI EAFE | — | $8.0M | 1.7% | 246K | +0.3% | |||
| 30 | — | Avantis US Small Cap Value ETF - US SML CP VALU | — | $7.8M | 1.6% | 66K | +0.4% | |||
| 31 | — | Avantis US Large Cap Value ETF - US LARGE CAP VLU | — | $7.7M | 1.6% | 85K | -0.1% | |||
| 32 | $WT | WisdomTree, Inc. | Financials | $7.5M | 1.6% | 77K | +2% | |||
| 33 | — | iShares 7-10 Year Treasury Bond ETF - TR 7 10 YR Tsy | — | $7.5M | 1.6% | 84K | +2% | |||
| 34 | $CVX | CHEVRON CORP | Energy | $7.2M | 1.5% | 35K | -2% | |||
| 35 | — | iShares MSCI EAFE Growth ETF - EAFE GRWTH ETF | — | $6.9M | 1.4% | 57K | +1% | |||
| 36 | $NVDA | NVIDIA CORP | Technology | $6.6M | 1.4% | 29K | +4% | |||
| 37 | $CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | $6.2M | 1.3% | 53K | -1% | |||
| 38 | $LH | LABCORP HOLDINGS INC. | Healthcare | $5.5M | 1.1% | 18K | -0.8% | |||
| 39 | $NEE | NEXTERA ENERGY INC | Utilities | $5.3M | 1.1% | 70K | +1% | |||
| 40 | — | First Trust Water ETF - FD WTR ETF | — | $5.2M | 1.1% | 50K | +1.0% | |||
| 41 | — | Alps Alerian Mlp Etf - ALERIAN MLP | — | $4.9M | 1.0% | 94K | +0.4% | |||
| 42 | — | Direxion NASDAQ-100 Equal Wtd ETF - TR NAS100 EQL WGT | — | $4.7M | 1.0% | 39K | +1% | |||
| 43 | $SFM | Sprouts Farmers Market, Inc. | Consumer Staples | $4.1M | 0.9% | 62K | -6% | |||
| 44 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $3.8M | 0.8% | 83K | -2% | |||
| 45 | — | Sector Spdr Engy Select - ENERGY | — | $2.3M | 0.5% | 38K | -3% | |||
| 46 | — | Industrial Select Sector SPDR - SPDR TR INDL | — | $2.0M | 0.4% | 12K | +4% | |||
| 47 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $1.9M | 0.4% | 8,940 | -0.2% | |||
| 48 | — | SPDR S&P Aerospace & Defense ETF - ST STR SP AERO | — | $1.8M | 0.4% | 7,901 | +81% | |||
| 49 | $PYPL | PayPal Holdings, Inc. | Financials | $1.8M | 0.4% | 33K | -8% | |||
| 50 | — | Schwab International Equity ET - INTL EQTY ETF | — | $1.7M | 0.4% | 64K | +2% | |||
| 51 | $HONA | Honeywell Aerospace Inc. | Industrials | $1.3M | 0.3% | 8,548 | -4% | |||
| 52 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $822K | 0.2% | 23K | — | |||
| 53 | — | Hartford Multifactor Dev Mkts (exUS) ETF - INTL EQTY ETF | — | $737K | 0.1% | 18K | -0.3% | |||
| 54 | — | Utilities Select Sector SPDR F - SBI INT-UTILS | — | $693K | 0.1% | 18K | +6% | |||
| 55 | $NOW | ServiceNow, Inc. | Technology | $488K | 0.1% | 3,639 | -10% | |||
| 56 | $ADP | AUTOMATIC DATA PROCESSING INC | Technology | $475K | 0.1% | 1,841 | — | |||
| 57 | — | PIMCO Enhanced Short Maturity Active ETF - Enhan SHT MA AC | — | $475K | 0.1% | 4,728 | -1% | |||
| 58 | $MRSH | MARSH & MCLENNAN COMPANIES, INC. | Financials | $469K | 0.1% | 2,748 | -6% | |||
| 59 | $JNJ | JOHNSON & JOHNSON | Healthcare | $437K | 0.1% | 1,650 | — | |||
| 60 | $TSLA | Tesla, Inc. | Consumer Discretionary | $405K | 0.1% | 1,142 | +61% | |||
| 61 | — | Technology Select Sector SPDR - SPDR TR TECH | — | $351K | 0.1% | 1,792 | — | |||
| 62 | $ABBV | AbbVie Inc. | Healthcare | $343K | 0.1% | 1,312 | -0.2% | |||
| 63 | $F | FORD MOTOR CO | Consumer Discretionary | $285K | 0.1% | 24K | — | |||
| 64 | — | Schwab US Broad Market ETF - COM | — | $222K | 0.1% | 7,567 | -1% | |||
| 65 | $ROK | ROCKWELL AUTOMATION, INC | Industrials | $218K | 0.1% | 500 | — | |||
| 66 | $V | VISA INC. | Financials | $208K | 0.0% | 578 | New | |||
| 67 | $DTB | DTE ENERGY CO | Utilities | $204K | 0.0% | 1,677 | +0.2% | |||
| 68 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $202K | 0.0% | 1,240 | New |
What changed in Q3 2026
Against the previous quarter's 13F: 2 new, 30 added to, 30 trimmed, 6 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
$VVISA INC.$208K
first bought this quarter
$XOM.R34088EXXON MOBIL CORP$202K
first bought this quarter
Added to (30)
- PIMCO Multisector Bond Active ETF - MULTISECTOR BD+23%
now $13.2M
- Avantis Emerging Markets Equity ETF - AVANTIS EMGMKT+21%
now $8.3M
- SPDR S&P Aerospace & Defense ETF - ST STR SP AERO+81%
now $1.8M
- VanEck Vectors Gold Miners ETF - GOLD MINER ETF+3%
now $14.6M
- iShares TIPS Bond ETF - TIPS BD ETF+4%
now $10.8M
- Janus Henderson AAA CLO ETF - HENDRSON AAA CL+3%
now $12.3M
+24 more in the Excel export
Trimmed (30)
now $16.4M · held 11+ qtrs, 6 trims in a row
now $26.5M · held 11+ qtrs, 7 trims in a row
now $12.8M · held 11+ qtrs, 7 trims in a row
now $33.4M · held 11+ qtrs
$SFMSprouts Farmers Market, Inc.-6%
now $4.1M · held 11+ qtrs, 3 trims in a row
$MSMORGAN STANLEY-3%
now $8.1M · held 11+ qtrs, 10 trims in a row
+24 more in the Excel export
Holdings by quarter
Every 13F White Pine Investment CO has filed, 42 earlier quarters. Pick one to see what it held then.
Is it too late to follow White Pine Investment?
Q3 2026 13F filed with the SEC on Oct 15, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of White Pine Investment's top 20 holdings: 72/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-3.3%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter; 8% over the last 4
Top 10 weight
38%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
99%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
White Pine Investment CO disclosed 68 positions worth $480.3M in its Form 13F-HR for Q3 2026, led by $BRK.B (BERKSHIRE HATHAWAY INC) at 7.0% of the equity portfolio, followed by $GOOGL. During the quarter the fund opened 2 new positions and exited 6 — including a new stake in $V and a full exit from $PAYX. The portfolio is most concentrated in Other (49.7% of disclosed assets). All figures are sourced directly from White Pine Investment CO’s Form 13F-HR filing with the SEC under CIK 1318259.
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AI-Powered Hedge Fund Analysis: White Pine Investment CO
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Every holding in White Pine Investment CO's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.