White Pine Investment CO

Registered adviser

CIK

1318259

Location

LIVONIA, MI

Portfolio Value

Small $397,255,730

Diversification

Diversified

Filing Date

Global Rank

#4,446 / 8,807 ▼ 380 · as of Jun 2026

Top Industry

Internet Content & Information 20.0%

Period ended 20 days ago

Filed Oct 15, 2026 · 5d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 111556

Roster of Oct 1, 2026

Regulatory AUM

$532,280,488

Main clients

Individuals and high net worth (97% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$532,280,488	Individuals and high net worth (97%)
Apr 2025 to Mar 2026	$465,784,043	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$405,191,926	Individuals and high net worth (100%)
May 2023 to Mar 2024	$347,445,967	Individuals and high net worth (100%)
Apr 2023	$347,445,967	Individuals and high net worth (100%)
Apr 2022 to Mar 2023	$399,986,095	Individuals and high net worth (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 66.4% of the book (60%+)

Turnover

Low turnover

8.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 19.8 quarters (12+), a floor since 60.1% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 77.0%; sector active share 50.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

68 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

13.2%

−1.0 pts

Top 5

44.9%

−2.9 pts

Top 10

65.0%

−1.4 pts

HHI

579

Diversified−47

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	52.5%	$208,659,697	37
Financial Services	13.4%	$53,293,040	6
Communication Services	10.5%	$41,552,581	3
Technology	8.5%	$33,820,461	5
Energy	6.2%	$24,614,562	4
Consumer Cyclical	2.5%	$9,742,837	3
Industrials	2.4%	$9,671,114	4
Healthcare	1.6%	$6,253,601	3
Utilities	1.4%	$5,535,066	2
Consumer Defensive	1.0%	$4,112,771	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PYLD		+98,139	519,433	$13,188,403
AVEM	Avantis Emerging Markets Equity ETF	+15,509	87,945	$8,268,588
FLTR	VanEck IG Floating Rate ETF	+13,076	588,306	$15,054,750
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	+10,566	484,783	$11,489,357
JAAA	Janus Henderson AAA CLO ETF	+7,654	243,232	$12,275,919
GDX	VanEck Gold Miners ETF	+5,269	166,477	$14,616,680
SCHM	Schwab U.S. Mid-Cap ETF	+4,414	254,723	$8,665,676
TIP	iShares TIPS Bond ETF	+4,338	104,185	$0
SCHV	Schwab U.S. Large-Cap Value ETF	+3,872	330,256	$11,000,827
XAR	State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF	+3,543	7,901	$1,827,106
FNDX	Schwab Fundamental U.S. Large Company ETF	+2,039	619,801	$19,505,137
IEF	iShares 7-10 Year Treasury Bond ETF	+2,032	83,916	$0
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	+1,602	77,290	$0
DON	WisdomTree U.S. Midcap Dividend Fund	+1,427	178,976	$0
SCHF	Schwab International Equity ETF	+1,417	63,545	$1,745,581
NVDA	Nvidia Corp	+1,184	28,918	$6,604,292
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	+1,059	17,560	$692,566
NEE	Nextera Energy Inc	+820	70,383	$5,330,808
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	+676	246,104	$7,961,464
ILCG	iShares Morningstar Growth ETF	+589	74,925	$0
EFG	iShares MSCI EAFE Growth ETF	+575	57,398	$0
IJK	iShares S&P Mid-Cap 400 Growth ETF	+571	101,888	$0
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	+492	39,426	$4,735,456
USMV	iShares MSCI USA Min Vol Factor ETF	+475	130,257	$0
FIW	First Trust Water ETF	+474	49,788	$5,166,998
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SFM	Sprouts Farmers Market, Inc.	−3,923	61,986	$4,112,771
MPC	Marathon Petroleum Corp	−3,228	41,382	$16,363,270
PYPL	PayPal Holdings, Inc.	−3,037	33,406	$1,754,817
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	−2,808	366,737	$16,811,224
GOOGL	Alphabet Inc.	−2,098	76,923	$26,467,665
VZ	Verizon Communications Inc	−1,879	82,630	$3,790,238
MS	Morgan Stanley	−1,188	42,922	$8,072,769
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	−999	37,971	$2,335,216
IJR	iShares Core S&P Small-Cap ETF	−883	58,911	$0
GIGB	Goldman Sachs Access Investment Grade Corporate Bond ETF	−743	186,635	$8,120,488
MSFT	Microsoft Corp	−605	24,942	$12,792,751
CVX	Chevron Corp	−589	35,393	$7,227,604
BRK-B	Berkshire Hathaway Inc	−574	67,158	$33,441,326
CNI	Canadian National Railway Co	−559	52,506	$6,242,963
AAPL	Apple Inc.	−502	40,420	$13,460,668
JPM	Jpmorgan Chase & Co	−403	28,254	$9,347,270
AMZN	Amazon Com Inc	−388	36,336	$9,053,114
NOW	ServiceNow, Inc.	−385	3,639	$487,662
HONA	Honeywell Aerospace Inc.	−377	8,548	$1,324,683
META	Meta Platforms, Inc.	−181	15,575	$11,294,678
MRSH	Marsh & Mclennan Companies, Inc.	−166	2,748	$469,166
LH	Labcorp Holdings Inc.	−135	17,765	$5,473,574
AVLV	Avantis U.S. Large Cap Value ETF	−117	84,821	$7,671,211
SCHB	Schwab U.S. Broad Market ETF	−100	7,567	$221,788
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	−69	101,461	$11,061,481
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
V	Visa Inc.	578	$207,692
XOM	ExxonMobil Holdings Corp	1,240	$201,810
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
PAYX	Paychex Inc	9,953	$978,678
SOLS	Solstice Advanced Materials Inc.	2,513	$222,651
SBUX	Starbucks Corp	2,114	$216,029
LRCX	Lam Research Corp	480	$207,998
SYK	Stryker Corp	660	$207,794
CSCO	Cisco Systems, Inc.	1,734	$203,675
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

68 tracked positions · $397,255,730 total · filing declares 70 positions · $480,277 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 68 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	67,158	-574	$33,441,326	−1.3%	8.42%
GOOGL	Alphabet Inc. Communication Services	Reduced	76,923	-2,098	$26,467,665	−6.3%	6.66%
FNDX	Schwab Fundamental U.S. Large Company ETF	Added	619,801	+2,039	$19,505,137	+1.5%	4.91%
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	Reduced	366,737	-2,808	$16,811,224	−0.5%	4.23%
MPC	Marathon Petroleum Corp Energy	Reduced	41,382	-3,228	$16,363,270	+43.5%	4.12%
FLTR	VanEck IG Floating Rate ETF	Added	588,306	+13,076	$15,054,750	+2.2%	3.79%
GDX	VanEck Gold Miners ETF	Added	166,477	+5,269	$14,616,680	+20.2%	3.68%
AAPL	Apple Inc. Technology	Reduced	40,420	-502	$13,460,668	+13.7%	3.39%
PYLD		Added	519,433	+98,139	$13,188,403	+18.0%	3.32%
MSFT	Microsoft Corp Technology	Reduced	24,942	-605	$12,792,751	+34.2%	3.22%
JAAA	Janus Henderson AAA CLO ETF	Added	243,232	+7,654	$12,275,919	+3.2%	3.09%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	Added	484,783	+10,566	$11,489,357	−1.8%	2.89%
META	Meta Platforms, Inc. Communication Services	Reduced	15,575	-181	$11,294,678	+27.3%	2.84%
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	Reduced	101,461	-69	$11,061,481	+2.1%	2.78%
SCHV	Schwab U.S. Large-Cap Value ETF	Added	330,256	+3,872	$11,000,827	−3.2%	2.77%
QQQ	Invesco Qqq Trust, Series 1	Reduced	13,537	-46	$10,014,266	+0.1%	2.52%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	28,254	-403	$9,347,270	−0.4%	2.35%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	36,336	-388	$9,053,114	+3.4%	2.28%
SCHM	Schwab U.S. Mid-Cap ETF	Added	254,723	+4,414	$8,665,676	−6.1%	2.18%
AVEM	Avantis Emerging Markets Equity ETF	Added	87,945	+15,509	$8,268,588	+18.3%	2.08%
GIGB	Goldman Sachs Access Investment Grade Corporate Bond ETF	Reduced	186,635	-743	$8,120,488	−5.6%	2.04%
MS	Morgan Stanley Financial Services	Reduced	42,922	-1,188	$8,072,769	−12.5%	2.03%
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	Added	246,104	+676	$7,961,464	+0.9%	2.00%
AVUV	Avantis U.S. Small Cap Value ETF	Added	66,346	+283	$7,813,568	−5.2%	1.97%
AVLV	Avantis U.S. Large Cap Value ETF	Reduced	84,821	-117	$7,671,211	−1.0%	1.93%
CVX	Chevron Corp Energy	Reduced	35,393	-589	$7,227,604	+21.2%	1.82%
NVDA	Nvidia Corp Technology	Added	28,918	+1,184	$6,604,292	+19.0%	1.66%
CNI	Canadian National Railway Co Industrials	Reduced	52,506	-559	$6,242,963	−1.3%	1.57%
LH	Labcorp Holdings Inc. Healthcare	Reduced	17,765	-135	$5,473,574	+9.2%	1.38%
NEE	Nextera Energy Inc Utilities	Added	70,383	+820	$5,330,808	−12.7%	1.34%
FIW	First Trust Water ETF	Added	49,788	+474	$5,166,998	−4.3%	1.30%
AMLP	Alerian MLP ETF	Added	93,816	+404	$4,866,235	—	1.22%
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	Added	39,426	+492	$4,735,456	—	1.19%
SFM	Sprouts Farmers Market, Inc. Consumer Defensive	Reduced	61,986	-3,923	$4,112,771	−26.2%	1.04%
VZ	Verizon Communications Inc Communication Services	Reduced	82,630	-1,879	$3,790,238	+5.9%	0.95%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Reduced	37,971	-999	$2,335,216	+12.8%	0.59%
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	Added	11,898	+433	$1,986,728	−6.4%	0.50%
HON	Honeywell International Inc Industrials	Reduced	8,940	-14	$1,885,803	−5.9%	0.47%
XAR	State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF	Added	7,901	+3,543	$1,827,106	+47.7%	0.46%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	33,406	-3,037	$1,754,817	+11.5%	0.44%
SCHF	Schwab International Equity ETF	Added	63,545	+1,417	$1,745,581	+1.4%	0.44%
HONA	Honeywell Aerospace Inc. Industrials	Reduced	8,548	-377	$1,324,683	−32.9%	0.33%
EPD	Enterprise Products Partners L.P. Energy	Held	23,080	0	$821,878	−3.1%	0.21%
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	Reduced	18,081	-48	$736,800	+0.6%	0.19%
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	Added	17,560	+1,059	$692,566	−7.4%	0.17%
NOW	ServiceNow, Inc. Technology	Reduced	3,639	-385	$487,662	+22.1%	0.12%
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	Reduced	4,728	-54	$475,400	−1.4%	0.12%
ADP	Automatic Data Processing Inc Technology	Held	1,841	0	$475,088	+15.2%	0.12%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	2,748	-166	$469,166	−3.4%	0.12%
JNJ	Johnson & Johnson Healthcare	Held	1,650	0	$436,821	+4.2%	0.11%

Showing the top 50 of 68 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.