SEC 13F Intelligence

Managers / Q1 2026

White Pine Investment CO

CIK 0001318259 · 17199 LAUREL PARK DRIVE, N., SUITE 209, LIVONIA, MI, 48152 · 734-464-2532

Reported Value
$430M
Q1 2026
Positions
68
Filings on Record
29
2019–present window
Filed
Apr 20, 2026
original filing

Summary

White Pine Investment Co reported $430M in U.S.-listed holdings across 68 positions for Q1 2026.

Its largest position, BRK/B, represents 7.6% of the portfolio.

Compared with Q4 2025, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+37.8%
share of reported value
Largest Position
+7.6%
Berkshire Hathaway
New / Exited
2 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $200MQ1 ’19Q2 ’19: $212MQ3 ’19: $220MQ4 ’19: $244MQ1 ’20: $175MQ1 ’20Q2 ’20: $203MQ3 ’20: $217MQ4 ’20: $247MQ1 ’21: $269MQ1 ’21Q2 ’21: $290MQ3 ’21: $286MQ4 ’21: $301MQ1 ’22: $294MQ1 ’22Q2 ’22: $253MQ3 ’22: $241MQ4 ’22: $263MQ1 ’23: $278MQ1 ’23Q2 ’23: $290MQ3 ’23: $284MQ4 ’23: $310MQ1 ’24: $339MQ1 ’24Q2 ’24: $340MQ3 ’24: $364MQ4 ’24: $370MQ1 ’25: $371MQ1 ’25Q2 ’25: $401MQ3 ’25: $421MQ4 ’25: $424MQ1 ’26: $430MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 60.4%Common Stock: 39.4%MLP: 0.2%
  • ETP · 60.4% · $260M
  • Common Stock · 39.4% · $170M
  • MLP · 0.2% · $873,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PYLDPIMCO Multisector Bond Active ETFNEW+257.7K257.7K+$7M$7M
EXMOCExxon Mobil CorpNEW+1.2K1.2K+$210,000$210,000
OMFLInvesco Russell 1000 Dynamic Mltfct ETFSOLD OUT−4.6K0−$284,000$0
VVisa IncSOLD OUT−5790−$203,000$0
SHOPShopify IncSOLD OUT−1.3K0−$201,000$0
TSLATesla IncADDED+4081.1K+$96,000$416,000
SHYiShares 1-3 Year Treasury Bond ETFTRIMMED−1.7K4.6K−$141,000$383,000
XLIIndustrial Select Sector SPDRADDED+2.2K11.2K+$419,000$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

67 positions (from 68 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBerkshire Hathaway Inchistory →CL B7.56%$33M67.9K
2GOOGLAlphabet Inchistory →STK CL A5.38%$23M80.6K
3FNDXSchwab Fundamental U.S. Largehistory →FDT US LG3.92%$17M605.0K
4GSIEGoldman Sachs ActiveBeta Interhistory →ACTIVEBETA INT3.69%$16M368.2K
5GDXVanEck Vectors Gold Miners ETFhistory →GOLD MINER ETF3.29%$14M154.5K
6FLTRVanEck Vectors Investment Grade Floating Rate ETFhistory →INVT GRADE FLTG3.29%$14M555.3K
7USMViShares Edge MSCI Min Vol USAhistory →MSCI MIN VOL ETF2.80%$12M129.7K
8MPCMarathon Petroleum Corphistory →COM2.67%$11M47.0K
9SCHRSchwab Intermediate Treasuryhistory →INT TRM US TRES2.66%$11M459.3K
10JAAAJanus Henderson AAA CLO ETFhistory →HENDRSON AAA CL2.59%$11M220.9K
11TIPiShares TIPS Bond ETFhistory →TIPS BD ETF2.50%$11M97.6K
12IJKIshares S&P Midcap Growthhistory →S&P MC 400GR ETF2.37%$10M101.3K
13AAPLApple Inchistory →COM2.35%$10M39.9K
14SCHVSchwab U.S. Large-Cap Value EThistory →US LCAP VA ETF2.31%$10M326.0K
15MSFTMicrosoft Corphistory →COM2.22%$10M25.9K
16JUSTGoldman Sachs Etf Tr Just Us Lrg Cphistory →US LRG CP2.18%$9M101.6K
17DONWisdomTree US MidCap Dividend ETFhistory →MIDCAP DIVI FD2.14%$9M175.4K
18METAMeta Platforms Inc Class Ahistory →CL A2.10%$9M15.8K
19GIGBGoldman Sachs Acss Invmt Grd Corp Bd ETFhistory →ACCESS INVT GR1.98%$9M186.0K
20JPMJPMorgan Chase & Cohistory →COM1.98%$9M28.9K
21Xtrackers MSCI EAFE High Div Yld Eq ETFMSCI EAFE1.85%$8M246.3K
22QQQInvesco QQQ Trusthistory →QQQ TR UNIT SER 11.79%$8M13.4K
23AMZNAmazon.com Inchistory →COM1.78%$8M36.7K
24IJRiShares Core S&P Small-Cap ETFhistory →ETF TR EQUITY1.76%$8M60.8K
25SCHMSchwab US Mid Cap ETFhistory →US MID CAP ETF1.75%$8M243.8K
26IEFiShares 7-10 Year Treasury Bond ETFhistory →TR 7 10 YR Tsy1.74%$7M78.3K
27CVXChevron Corphistory →COM1.73%$7M36.0K
28MSMorgan Stanleyhistory →COM1.72%$7M45.0K
29Avantis US Small Cap Value ETFUS SML CP VALU1.67%$7M65.2K
30ILCGiShares Morningstar Large-Cap Growth ETFhistory →TR GRWT1.62%$7M73.0K
31Avantis US Large Cap Value ETFUS LARGE CAP VLU1.58%$7M84.4K
32PYLDPIMCO Multisector Bond Active ETFhistory →MULTISECTOR BD1.57%$7M257.7K
33DGRWWisdomTree U.S. Quality Dividehistory →US QTLY DIV GRT1.51%$7M74.0K
34NEENextEra Energy Inchistory →COM1.48%$6M68.6K
35EFGiShares MSCI EAFE Growth ETFhistory →EAFE GRWTH ETF1.46%$6M56.5K
36SFMSprouts Farmers Market Inchistory →COM1.34%$6M74.9K
37AVEMAvantis Emerging Markets Equity ETFhistory →AVANTIS EMGMKT1.30%$6M69.6K
38CNICanadian National Railway Cohistory →COM1.26%$5M52.9K
39FIWFirst Trust Water ETFhistory →FD WTR ETF1.15%$5M47.8K
40AMLPAlps Alerian Mlp Etfhistory →ALERIAN MLP1.13%$5M92.4K
41LHLaboratory Corp of America Holhistory →COM1.12%$5M18.0K
42NVDANVIDIA Corphistory →COM1.09%$5M26.8K
43VZVerizon Communications IncCOM1.00%$4M85.6K
44HONHoneywell InternationalCOM0.93%$4M17.6K
45QQQEDirexion NASDAQ-100 Equal Wtd ETFTR NAS100 EQL WGT0.85%$4M37.3K
46XLESector Spdr Engy SelectENERGY0.55%$2M38.6K
47PAYXPaychex IncCOM0.50%$2M23.3K
48PYPLPaypal Holdings IncoCOM0.46%$2M44.0K
49XLIIndustrial Select Sector SPDRSPDR TR INDL0.42%$2M11.2K
50SCHFSchwab International Equity ETINTL EQTY ETF0.35%$2M61.2K
51EPDEnterprise Products Partners LCOM0.20%$873,00023.1K
52Hartford Multifactor Dev Mkts (exUS) ETFINTL EQTY ETF0.17%$713,00018.1K
53XLUUtilities Select Sector SPDR FSBI INT-UTILS0.16%$687,00015.0K
54MRSHMarsh & McLennan CompaniesCOM0.12%$506,0002.9K
55MINTPIMCO Enhanced Short Maturity Active ETFEnhan SHT MA AC0.10%$429,0004.3K
56TSLATesla IncCOM0.10%$416,0001.1K
57JNJJohnson & JohnsonCOM0.09%$403,0001.6K
58SHYiShares 1-3 Year Treasury Bond ETFTR 1 3 YR TREAS BD0.09%$383,0004.6K
59ADPAutomatic Data Processing IncCOM0.09%$377,0001.9K
60SOLSSolstice Advanced Materials IncCOM0.07%$295,0003.9K
61FFord Motor CoCOM0.07%$282,00024.4K
62ABBVAbbVie IncUS BRD MKT ETF0.06%$262,0001.2K
63XLKTechnology Select Sector SPDRSPDR TR TECH0.06%$252,0001.9K
64DTEDTE Energy CoCOM0.06%$247,0001.7K
65SYKStryker CorpETF TR SPDR Mid0.05%$217,000660
66EXMOCExxon Mobil CorpCOM0.05%$210,0001.2K
67SCHBSchwab US Broad Market ETFCOM0.05%$204,0008.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$430M68Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$424M69Jan 28, 202613F-HRchanges · EDGAR ↗
Q3 2025$421M67Oct 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$401M65Jul 17, 202513F-HRchanges · EDGAR ↗
Q1 2025$371M64Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$370M67Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$364M64Oct 29, 202413F-HRchanges · EDGAR ↗
Q2 2024$340M63Jul 24, 202413F-HRchanges · EDGAR ↗
Q1 2024$339M63Apr 26, 202413F-HRchanges · EDGAR ↗
Q4 2023$310M60Jan 26, 202413F-HRchanges · EDGAR ↗
Q3 2023$284M59Oct 27, 202313F-HRchanges · EDGAR ↗
Q2 2023$290M61Aug 4, 202313F-HRchanges · EDGAR ↗
Q1 2023$278M61Apr 14, 202313F-HRchanges · EDGAR ↗
Q4 2022$263M60Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$241M61Oct 28, 202213F-HRchanges · EDGAR ↗
Q2 2022$253M60Jul 29, 202213F-HRchanges · EDGAR ↗
Q1 2022$294M59May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$301M58Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$286M58Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$290M58Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$269M57May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$247M53Jan 22, 202113F-HRchanges · EDGAR ↗
Q3 2020$217M54Nov 2, 202013F-HRchanges · EDGAR ↗
Q2 2020$203M53Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$175M52Apr 23, 202013F-HRchanges · EDGAR ↗
Q4 2019$244M66Jan 27, 202013F-HRchanges · EDGAR ↗
Q3 2019$220M60Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$212M57Aug 1, 201913F-HRchanges · EDGAR ↗
Q1 2019$200M55Apr 23, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.