WHITE PINE CAPITAL LLC

CIK

1137429

Location

BLOOMINGTON, MN

Portfolio Value

Small $294,357,366

Diversification

Diversified

Filing Date

Global Rank

#3,448 / 8,621 ▲ 49 · as of Mar 2026

Top Industry

Conglomerates 6.0%

3Y Alpha vs SPY

+3.9%

Period ended 4 months ago

Filed May 11, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+88.2%

SPY

+67.9%

Annualised alpha

+4.6%

Max drawdown

−19.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

191 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.8%

−0.4 pts

Top 5

17.9%

−1.9 pts

Top 10

28.0%

−2.3 pts

HHI

142

Diversified−16

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	22.4%	$65,929,901	35
Industrials	18.3%	$53,939,603	29
Financial Services	14.5%	$42,788,968	24
Healthcare	10.9%	$32,014,720	27
Communication Services	6.7%	$19,659,975	9
Consumer Defensive	6.3%	$18,564,693	16
Consumer Cyclical	5.4%	$15,912,723	16
Unclassified	5.0%	$14,666,017	5
Energy	4.9%	$14,366,041	13
Real Estate	2.6%	$7,521,070	5
Utilities	1.6%	$4,712,299	6
Basic Materials	1.5%	$4,281,356	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
EFR	Eaton Vance Senior Floating-Rate Trust	+132,544	202,651	$2,135,941
TLSI	TriSalus Life Sciences, Inc.	+105,259	163,810	$655,240
AVBC	Avidia Bancorp, Inc.	+41,689	73,878	$1,453,180
ELMD	Electromed, Inc.	+26,561	62,264	$1,457,600
STRW	Strawberry Fields REIT, Inc.	+22,560	111,451	$1,326,266
LMNR	Limoneira CO	+15,393	97,625	$1,310,127
INFU	InfuSystem Holdings, Inc	+13,950	115,611	$1,067,089
TNC	Tennant Co	+13,499	17,349	$1,151,973
NFLX	Netflix Inc	+13,122	23,346	$2,244,717
ARLO	Arlo Technologies, Inc.	+12,096	128,629	$1,830,390
FWRG	First Watch Restaurant Group, Inc.	+11,642	41,631	$436,292
GENI	Genius Sports Ltd	+8,114	247,802	$1,097,762
VZ	Verizon Communications Inc	+7,084	48,189	$2,419,087
PSTL	Postal Realty Trust, Inc.	+6,860	90,130	$1,672,812
UPS	United Parcel Service Inc	+4,065	6,600	$649,308
BMY	Bristol Myers Squibb Co	+3,248	19,683	$1,193,773
HRL	Hormel Foods Corp /De/	+3,210	27,761	$628,786
SERV	Serve Robotics Inc. /DE/	+3,022	41,591	$351,028
GIS	General Mills Inc	+3,000	14,413	$536,451
PFE	Pfizer Inc	+2,925	16,316	$458,153
EPD	Enterprise Products Partners L.P.	+2,550	17,786	$673,022
HLMN	Hillman Solutions Corp.	+2,382	87,166	$725,221
KRNY	Kearny Financial Corp.	+1,801	239,157	$1,805,635
SPG	Simon Property Group Inc.	+1,632	5,689	$1,061,169
DUK	Duke Energy CORP	+1,365	5,033	$659,021
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AXTI	Axt Inc	−316,772	98,119	$5,590,820
FLL	Full House Resorts Inc	−92,188	500,273	$1,125,614
VELO	Velo3D, Inc.	−87,396	42,246	$396,689
ADTN	ADTRAN Holdings, Inc.	−46,132	294,369	$3,703,162
TLS	Telos Corp	−44,600	155,896	$653,204
KRMD	KORU Medical Systems, Inc.	−38,654	182,545	$788,594
VIAV	Viavi Solutions Inc.	−36,766	38,555	$1,283,110
WNEB	Western New England Bancorp, Inc.	−30,067	134,523	$1,739,382
NEO	Neogenomics Inc	−26,321	128,860	$956,141
ANGO	Angiodynamics Inc	−25,909	124,615	$1,416,872
ATRO	Astronics Corp	−25,304	45,539	$2,425,234
AAOI	Applied Optoelectronics, Inc.	−20,465	14,311	$1,210,567
LGCY	Legacy Education Inc.	−19,141	90,067	$1,127,638
ENVX	Enovix Corp	−17,194	72,867	$377,451
MXL	Maxlinear, Inc	−16,473	71,330	$1,240,428
UUUU	Energy Fuels Inc	−13,714	63,746	$1,163,364
NGS	Natural Gas Services Group Inc	−13,292	38,363	$1,447,819
MITK	Mitek Systems Inc	−11,804	95,773	$1,292,935
HLIT	Harmonic Inc.	−11,425	55,471	$498,129
AEHR	Aehr Test Systems	−10,163	14,538	$539,069
CECO	Ceco Environmental Corp	−7,776	56,707	$3,378,603
AXGN	Axogen, Inc.	−7,413	38,494	$1,275,306
AIP	Arteris, Inc.	−6,888	46,103	$757,933
INDB	Independent Bank Corp	−5,212	25,301	$1,902,888
RDNT	RadNet, Inc.	−4,994	32,187	$1,798,931
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
BBY	Best Buy Co Inc	9,287	$596,225
BCHT	Birchtech Corp.	289,173	$549,428
APA	APA Corp	7,187	$305,016
DAR	Darling Ingredients Inc.	4,770	$295,024
MTZ	Mastec Inc	900	$289,566
TFC	Truist Financial Corp	6,055	$278,348
DUOT	Duos Technologies Group, Inc.	35,612	$244,298
CSX	Csx Corp	5,492	$225,446
SOLS	Solstice Advanced Materials Inc.	2,866	$218,274
HAIN	Hain Celestial Group Inc	32,000	$22,400
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
CVS	CVS HEALTH Corp	2,787	$221,176
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

191 positions · $294,357,366 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 191 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MMM	3M Co Industrials	Added	97,804	+4	$14,204,074	−9.3%	4.83%
AAPL	Apple Inc. Technology	Reduced	51,857	-20	$13,160,788	−6.7%	4.47%
MSFT	Microsoft Corp Technology	Added	30,889	+232	$11,434,181	−22.9%	3.88%
GOOGL	Alphabet Inc. Communication Services	Added	26,504	+110	$7,621,490	−7.7%	2.59%
JNJ	Johnson & Johnson Healthcare	Reduced	25,785	-157	$6,302,885	+17.4%	2.14%
AMZN	Amazon Com Inc Consumer Cyclical	Added	29,685	+449	$6,182,494	−8.4%	2.10%
GLD	Spdr Gold Trust	Held	14,238	0	$6,126,469	+8.6%	2.08%
SPY	Spdr S&P 500 ETF Trust	Reduced	9,336	-590	$6,071,574	−10.3%	2.06%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	19,275	-12	$5,669,934	−8.8%	1.93%
AXTI	Axt Inc Technology	Reduced	98,119	-316,772	$5,590,820	−17.6%	1.90%
GE	General Electric Co Industrials	Reduced	19,586	-98	$5,557,919	−8.3%	1.89%
WMT	Walmart Inc. Consumer Defensive	Reduced	43,203	-143	$5,369,268	+11.2%	1.82%
V	Visa Inc. Financial Services	Reduced	15,187	-141	$4,590,118	−14.6%	1.56%
MRK	Merck & Co., Inc. Healthcare	Reduced	34,950	-64	$4,204,135	+14.1%	1.43%
NVDA	Nvidia Corp Technology	Reduced	24,003	-117	$4,186,123	−6.9%	1.42%
CVX	Chevron Corp Energy	Reduced	19,156	-42	$3,963,376	+35.5%	1.35%
ADTN	ADTRAN Holdings, Inc. Technology	Reduced	294,369	-46,132	$3,703,162	+25.2%	1.26%
IBM	International Business Machines Corp Technology	Added	14,758	+298	$3,577,191	−16.5%	1.22%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	43,813	-211	$3,487,952	−15.0%	1.18%
SXI	Standex International Corp/De/ Industrials	Reduced	13,486	-1,598	$3,437,041	+4.9%	1.17%
CECO	Ceco Environmental Corp Industrials	Reduced	56,707	-7,776	$3,378,603	−12.5%	1.15%
XOM	ExxonMobil Holdings Corp Energy	Added	19,840	+80	$3,366,054	+41.6%	1.14%
EQIX	Equinix Inc Real Estate	Added	3,270	+10	$3,205,384	+28.3%	1.09%
TRV	Travelers Companies, Inc. Financial Services	Reduced	10,144	-100	$2,958,801	−0.4%	1.01%
EMR	Emerson Electric Co Industrials	Reduced	21,750	-51	$2,849,685	−1.5%	0.97%
PEP	Pepsico Inc Consumer Defensive	Added	17,922	+164	$2,783,107	+9.2%	0.95%
ECL	Ecolab Inc. Basic Materials	Reduced	10,227	-71	$2,720,586	+0.6%	0.92%
META	Meta Platforms, Inc. Communication Services	Added	4,718	+166	$2,699,309	−10.2%	0.92%
HON	Honeywell International Inc Industrials	Reduced	11,080	-20	$2,626,547	+15.7%	0.89%
MS	Morgan Stanley Financial Services	Reduced	15,547	-75	$2,558,569	−7.7%	0.87%
AMD	Advanced Micro Devices Inc Technology	Added	12,407	+13	$2,523,956	−4.9%	0.86%
T	At&T Inc. Communication Services	Reduced	85,943	-225	$2,491,487	+16.4%	0.85%
ATRO	Astronics Corp Industrials	Reduced	45,539	-25,304	$2,425,234	−20.9%	0.82%
GEV	GE Vernova Inc. Industrials	Reduced	2,778	-1	$2,424,916	+33.5%	0.82%
C	Citigroup Inc Financial Services	Added	21,337	+129	$2,419,829	−2.2%	0.82%
VZ	Verizon Communications Inc Communication Services	Added	48,189	+7,084	$2,419,087	+44.5%	0.82%
CSCO	Cisco Systems, Inc. Technology	Added	30,429	+655	$2,360,986	+2.9%	0.80%
NFLX	Netflix Inc Communication Services	Added	23,346	+13,122	$2,244,717	+134.2%	0.76%
EFR	Eaton Vance Senior Floating-Rate Trust Financial Services	Added	202,651	+132,544	$2,135,941	+173.5%	0.73%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	42,708	-535	$2,082,015	−12.5%	0.71%
RJF	Raymond James Financial Inc Financial Services	Reduced	14,205	-25	$2,056,741	−10.0%	0.70%
ABT	Abbott Laboratories Healthcare	Added	19,669	+168	$2,019,416	−17.3%	0.69%
ALL	Allstate Corp Financial Services	Held	9,365	0	$1,941,739	−0.4%	0.66%
INDB	Independent Bank Corp Financial Services	Reduced	25,301	-5,212	$1,902,888	−14.7%	0.65%
ITW	Illinois Tool Works Inc Industrials	Added	7,213	+14	$1,877,471	+5.9%	0.64%
BA	Boeing Co Industrials	Reduced	9,297	-10	$1,850,381	−8.4%	0.63%
ARLO	Arlo Technologies, Inc. Industrials	Added	128,629	+12,096	$1,830,390	+12.3%	0.62%
KRNY	Kearny Financial Corp. Financial Services	Added	239,157	+1,801	$1,805,635	+2.7%	0.61%
RDNT	RadNet, Inc. Healthcare	Reduced	32,187	-4,994	$1,798,931	−32.2%	0.61%
WNEB	Western New England Bancorp, Inc. Financial Services	Reduced	134,523	-30,067	$1,739,382	−16.3%	0.59%