WHITE PINE INVESTMENT CO

Filed: 4/14/2023ACC: 0001318259-23-000002

📋 What this filing means

WHITE PINE INVESTMENT CO filed this quarterly 13F‑HR report disclosing 61 equity positions with a total reported market value of $278.4K. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$278.4K

Total AUM (reported)

4.33M

Total Shares

Allocation by class

COM$102.0K36.6%

CL B$25.7K9.2%

ACTIVEBETA INT$11.5K4.1%

MSCI MIN VOL ETF$11.1K4.0%

STK CL A$11.1K4.0%

MSCI EAFE$10.7K3.9%

FDT US LG$9.8K3.5%

Portfolio Concentration

Top 3$48.4K17.4%

4–10$64.8K23.3%

11–25$88.7K31.8%

Rest$76.5K27.5%

Top 3 weight

17.4%

Top 10 weight

40.7%

Voting Authority Distribution

Total shares with voting rights: 4.33M

Sole

Full voting authority

4.33M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole61

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings61

Rows:

Berkshire Hathaway Inc

SOLE

CL B

Shares83.38K

TypeSH

Market value$25.7K

9.25%

Sole

83.38K

Shared

0.00

None

0.00

Goldman Sachs ActiveBeta Inter

SOLE

ACTIVEBETA INT

Shares374.05K

TypeSH

Market value$11.5K

4.14%

Sole

374.05K

Shared

0.00

None

0.00

iShares Edge MSCI Min Vol USA

SOLE

MSCI MIN VOL ETF

Shares153.15K

TypeSH

Market value$11.1K

4.00%

Sole

153.15K

Shared

0.00

None

0.00

Alphabet Inc

SOLE

STK CL A

Shares106.86K

TypeSH

Market value$11.1K

3.98%

Sole

106.86K

Shared

0.00

None

0.00

Xtrackers MSCI EAFE High Div Yld Eq ETF

SOLE

MSCI EAFE

Shares461.26K

TypeSH

Market value$10.7K

3.86%

Sole

461.26K

Shared

0.00

None

0.00

Schwab Fundamental U.S. Large

SOLE

FDT US LG

Shares177.81K

TypeSH

Market value$9.8K

3.51%

Sole

177.81K

Shared

0.00

None

0.00

Microsoft Corp

SOLE

COM

Shares33.22K

TypeSH

Market value$9.6K

3.44%

Sole

33.22K

Shared

0.00

None

0.00

Marathon Petroleum Corp

SOLE

COM

Shares65.90K

TypeSH

Market value$8.9K

3.19%

Sole

65.90K

Shared

0.00

None

0.00

Apple Inc

SOLE

COM

Shares46.31K

TypeSH

Market value$7.6K

2.74%

Sole

46.31K

Shared

0.00

None

0.00

Morgan Stanley

SOLE

COM

Shares81.28K

TypeSH

Market value$7.1K

2.56%

Sole

81.28K

Shared

0.00

None

0.00

VanEck Vectors Gold Miners ETF

SOLE

GOLD MINER ETF

Shares216.86K

TypeSH

Market value$7.0K

2.52%

Sole

216.86K

Shared

0.00

None

0.00

iShares TIPS Bond ETF

SOLE

TIPS BD ETF

Shares62.09K

TypeSH

Market value$6.8K

2.46%

Sole

62.09K

Shared

0.00

None

0.00

iShares 1-3 Year Treasury Bond ETF

SOLE

TR 1 3 YR TREAS BD

Shares81.80K

TypeSH

Market value$6.7K

2.41%

Sole

81.80K

Shared

0.00

None

0.00

Schwab U.S. Large-Cap Value ET

SOLE

US LCAP VA ETF

Shares102.02K

TypeSH

Market value$6.7K

2.40%

Sole

102.02K

Shared

0.00

None

0.00

CVS Health Corp

SOLE

COM

Shares86.98K

TypeSH

Market value$6.5K

2.32%

Sole

86.98K

Shared

0.00

None

0.00

VanEck Vectors Investment Grade Floating Rate ETF

SOLE

INVT GRADE FLTG

Shares251.66K

TypeSH

Market value$6.3K

2.26%

Sole

251.66K

Shared

0.00

None

0.00

iShares Core S&P Small-Cap ETF

SOLE

ETF TR EQUITY

Shares64.59K

TypeSH

Market value$6.2K

2.24%

Sole

64.59K

Shared

0.00

None

0.00

Schwab International Equity ET

SOLE

INTL EQTY ETF

Shares175.27K

TypeSH

Market value$6.1K

2.19%

Sole

175.27K

Shared

0.00

None

0.00

Goldman Sachs Etf Tr Just Us Lrg Cp

SOLE

US LRG CP

Shares97.44K

TypeSH

Market value$5.7K

2.05%

Sole

97.44K

Shared

0.00

None

0.00

Canadian National Railway Co

SOLE

COM

Shares47.63K

TypeSH

Market value$5.6K

2.02%

Sole

47.63K

Shared

0.00

None

0.00

Chevron Corp

SOLE

COM

Shares32.13K

TypeSH

Market value$5.2K

1.88%

Sole

32.13K

Shared

0.00

None

0.00

JPMorgan Chase & Co

SOLE

COM

Shares39.53K

TypeSH

Market value$5.2K

1.85%

Sole

39.53K

Shared

0.00

None

0.00

Meta Platforms Inc Class A

SOLE

CL A

Shares24.11K

TypeSH

Market value$5.1K

1.83%

Sole

24.11K

Shared

0.00

None

0.00

Paypal Holdings Inco

SOLE

COM

Shares63.62K

TypeSH

Market value$4.8K

1.74%

Sole

63.62K

Shared

0.00

None

0.00

WisdomTree US MidCap Dividend ETF

SOLE

MIDCAP DIVI FD

Shares112.95K

TypeSH

Market value$4.6K

1.66%

Sole

112.95K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Berkshire Hathaway IncSOLE	CL B	83.38K	SH	$25.7K 9.25%	83.38K
Goldman Sachs ActiveBeta InterSOLE	ACTIVEBETA INT	374.05K	SH	$11.5K 4.14%	374.05K
iShares Edge MSCI Min Vol USASOLE	MSCI MIN VOL ETF	153.15K	SH	$11.1K 4.00%	153.15K
Alphabet IncSOLE	STK CL A	106.86K	SH	$11.1K 3.98%	106.86K
Xtrackers MSCI EAFE High Div Yld Eq ETFSOLE	MSCI EAFE	461.26K	SH	$10.7K 3.86%	461.26K
Schwab Fundamental U.S. LargeSOLE	FDT US LG	177.81K	SH	$9.8K 3.51%	177.81K
Microsoft CorpSOLE	COM	33.22K	SH	$9.6K 3.44%	33.22K
Marathon Petroleum CorpSOLE	COM	65.90K	SH	$8.9K 3.19%	65.90K
Apple IncSOLE	COM	46.31K	SH	$7.6K 2.74%	46.31K
Morgan StanleySOLE	COM	81.28K	SH	$7.1K 2.56%	81.28K
VanEck Vectors Gold Miners ETFSOLE	GOLD MINER ETF	216.86K	SH	$7.0K 2.52%	216.86K
iShares TIPS Bond ETFSOLE	TIPS BD ETF	62.09K	SH	$6.8K 2.46%	62.09K
iShares 1-3 Year Treasury Bond ETFSOLE	TR 1 3 YR TREAS BD	81.80K	SH	$6.7K 2.41%	81.80K
Schwab U.S. Large-Cap Value ETSOLE	US LCAP VA ETF	102.02K	SH	$6.7K 2.40%	102.02K
CVS Health CorpSOLE	COM	86.98K	SH	$6.5K 2.32%	86.98K
VanEck Vectors Investment Grade Floating Rate ETFSOLE	INVT GRADE FLTG	251.66K	SH	$6.3K 2.26%	251.66K
iShares Core S&P Small-Cap ETFSOLE	ETF TR EQUITY	64.59K	SH	$6.2K 2.24%	64.59K
Schwab International Equity ETSOLE	INTL EQTY ETF	175.27K	SH	$6.1K 2.19%	175.27K
Goldman Sachs Etf Tr Just Us Lrg CpSOLE	US LRG CP	97.44K	SH	$5.7K 2.05%	97.44K
Canadian National Railway CoSOLE	COM	47.63K	SH	$5.6K 2.02%	47.63K
Chevron CorpSOLE	COM	32.13K	SH	$5.2K 1.88%	32.13K
JPMorgan Chase & CoSOLE	COM	39.53K	SH	$5.2K 1.85%	39.53K
Meta Platforms Inc Class ASOLE	CL A	24.11K	SH	$5.1K 1.83%	24.11K
Paypal Holdings IncoSOLE	COM	63.62K	SH	$4.8K 1.74%	63.62K
WisdomTree US MidCap Dividend ETFSOLE	MIDCAP DIVI FD	112.95K	SH	$4.6K 1.66%	112.95K

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