1y return+25.7%S&P 500 +20.9%
3y return+55.5%S&P 500 +68.5%
5y return+36.6%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2017: $199 against $280 in the S&P 500.2
White Pine Capital LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MMM3m Co | $15.8M | 3.7% | −50.2% |
| AAPLApple Inc | $14.9M | 3.5% | −50.4% |
| IVVIshares Core S&p 500 Index Fun | $12.0M | 2.8% | −47.2% |
| MSFTMicrosoft Corp Com | $11.4M | 2.7% | −50.7% |
| GOOGLAlphabet Inc Cl A | $9.6M | 2.3% | −49.3% |
| GEGe Aerospace | $7.2M | 1.7% | −50.5% |
| SPYSpdr S&p 500 Etf Trust | $7.2M | 1.7% | −48.5% |
| AMDAdvanced Micro Devices | $7.1M | 1.7% | −50.7% |
| AMZNAmazon.com Inc | $7.1M | 1.7% | −49.6% |
| JNJJohnson & Johnson Com | $6.5M | 1.5% | −50.7% |
| JPMJpmorgan Chase & Co | $6.3M | 1.5% | −50.3% |
| CECOCeco Environmental Corp | $5.6M | 1.3% | −49.4% |
| SXIStandex International Corp | $5.3M | 1.2% | −48.3% |
| GLDSpdr Gold Trust Fund | $5.1M | 1.2% | −51.5% |
| VVisa Inc Class A | $5.1M | 1.2% | −51.0% |
| NVDANvidia Corp | $4.9M | 1.2% | −48.5% |
| WMTWalmart Inc | $4.8M | 1.1% | −50.5% |
| GOOGAlphabet Inc Cl C | $4.4M | 1.0% | −53.2% |
| MRKMerck & Co Inc Com | $4.4M | 1.0% | −51.1% |
| CSCOCisco Sys Inc Com | $4.2M | 1.0% | −40.9% |
| ATROAstronics Corp | $4.1M | 1.0% | −48.5% |
| IBMInternational Bus Mach Com | $4.1M | 1.0% | −50.9% |
| MXLMaxlinear Inc Cl A | $4.0M | 0.9% | −80.5% |
| PFFIshares Tr Pfd And Income Sec | $3.9M | 0.9% | −53.2% |
| ADTNAdtran Holdings Inc Com | $3.9M | 0.9% | −57.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CECOCeco Environmental Corp | June 30, 2020 | +1277.0% | $5.6M |
| GEVGe Vernova Inc Com | March 31, 2024 | +759.1% | $3.2M |
| ATROAstronics Corp | June 30, 2020 | +669.5% | $4.1M |
| NVDANvidia Corp | March 31, 2023 | +620.3% | $4.9M |
| SXIStandex International Corp | June 30, 2020 | +521.5% | $5.3M |
| AMDAdvanced Micro Devices | March 31, 2023 | +492.7% | $7.1M |
| GOOGLAlphabet Inc Cl A | June 30, 2020 | +404.0% | $9.6M |
| GOOGAlphabet Inc Cl C | June 30, 2020 | +399.9% | $4.4M |
| MSMorgan Stanley | June 30, 2020 | +332.8% | $3.2M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $6.3M |
Sold off last quarter
- AAOIApplied Optoelectronics Inc was $2.7M
- Honeywell Intl Inc ComCUSIP 438516106 was $2.5M
- LEUCentrus Energy Corp was $1.4M
- HLITHarmonic Inc was $1.1M
- VELOVelo3d Inc was $879K
- MTZMastec Inc was $579K
- DUOTDuos Technologies Group Inc was $544K
- FCXFreeport-mcmoran Inc was $535K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.2% | +14.8% |
| March 31, 2026 | −1.3% | −4.6% |
| December 31, 2025 | +2.3% | +2.4% |
| September 30, 2025 | +10.0% | +7.8% |
| June 30, 2025 | +7.5% | +10.5% |
| March 31, 2025 | −3.5% | −4.6% |
| December 31, 2024 | +2.2% | +2.1% |
| September 30, 2024 | +7.1% | +5.4% |
| June 30, 2024 | −0.4% | +4.0% |
| March 31, 2024 | +6.0% | +10.0% |
| December 31, 2023 | +10.1% | +11.2% |
| September 30, 2023 | −6.1% | −3.6% |
| June 30, 2023 | +3.1% | +8.3% |
| March 31, 2023 | +3.0% | +7.0% |
| December 31, 2022 | +6.9% | +7.1% |
| September 30, 2022 | −4.8% | −5.3% |
| June 30, 2022 | −13.8% | −16.5% |
| March 31, 2022 | −6.1% | −4.9% |
| December 31, 2021 | +4.4% | +10.7% |
| September 30, 2021 | −3.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: White Pine Capital LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1137429&type=13F-HR&dateb=&owner=include&count=40CIK 1137429
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1137429/000113742926000003/Filed August 5, 2026 · accession 0001137429-26-000003