WHITE PINE INVESTMENT CO

Filed: 1/28/2026ACC: 0001318259-26-000001

📋 What this filing means

WHITE PINE INVESTMENT CO filed this quarterly 13F‑HR report disclosing 68 equity positions with a total reported market value of $424.4K. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$424.4K

Total AUM (reported)

5.71M

Total Shares

Allocation by class

COM$107.7K25.4%

CL B$34.8K8.2%

STK CL A$26.3K6.2%

FDT US LG$16.0K3.8%

ACTIVEBETA INT$16.0K3.8%

INVT GRADE FLTG$13.6K3.2%

GOLD MINER ETF$13.4K3.2%

Portfolio Concentration

Top 3$77.2K18.2%

4–10$90.3K21.3%

11–25$135.9K32.0%

Rest$121.1K28.5%

Top 3 weight

18.2%

Top 10 weight

39.5%

Voting Authority Distribution

Total shares with voting rights: 5.71M

Sole

Full voting authority

5.71M

% 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)

Sole68

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings68

Rows:

Berkshire Hathaway Inc

SOLE

CL B

Shares69.28K

TypeSH

Market value$34.8K

8.20%

Sole

69.28K

Shared

0.00

None

0.00

Alphabet Inc

SOLE

STK CL A

Shares84.18K

TypeSH

Market value$26.3K

6.21%

Sole

84.18K

Shared

0.00

None

0.00

Schwab Fundamental U.S. Large

SOLE

FDT US LG

Shares589.68K

TypeSH

Market value$16.0K

3.78%

Sole

589.68K

Shared

0.00

None

0.00

Goldman Sachs ActiveBeta Inter

SOLE

ACTIVEBETA INT

Shares373.14K

TypeSH

Market value$16.0K

3.78%

Sole

373.14K

Shared

0.00

None

0.00

VanEck Vectors Investment Grade Floating Rate ETF

SOLE

INVT GRADE FLTG

Shares533.05K

TypeSH

Market value$13.6K

3.20%

Sole

533.05K

Shared

0.00

None

0.00

VanEck Vectors Gold Miners ETF

SOLE

GOLD MINER ETF

Shares156.29K

TypeSH

Market value$13.4K

3.16%

Sole

156.29K

Shared

0.00

None

0.00

Microsoft Corp

SOLE

COM

Shares26.16K

TypeSH

Market value$12.7K

2.98%

Sole

26.16K

Shared

0.00

None

0.00

iShares Edge MSCI Min Vol USA

SOLE

MSCI MIN VOL ETF

Shares130.87K

TypeSH

Market value$12.3K

2.90%

Sole

130.87K

Shared

0.00

None

0.00

Apple Inc

SOLE

COM

Shares41.68K

TypeSH

Market value$11.3K

2.67%

Sole

41.68K

Shared

0.00

None

0.00

Schwab Intermediate Treasury

SOLE

INT TRM US TRES

Shares436.38K

TypeSH

Market value$10.9K

2.58%

Sole

436.38K

Shared

0.00

None

0.00

Meta Platforms Inc Class A

SOLE

CL A

Shares15.80K

TypeSH

Market value$10.4K

2.46%

Sole

15.80K

Shared

0.00

None

0.00

iShares TIPS Bond ETF

SOLE

TIPS BD ETF

Shares94.52K

TypeSH

Market value$10.4K

2.45%

Sole

94.52K

Shared

0.00

None

0.00

Janus Henderson AAA CLO ETF

SOLE

HENDRSON AAA CL

Shares195.46K

TypeSH

Market value$9.9K

2.33%

Sole

195.46K

Shared

0.00

None

0.00

Goldman Sachs Etf Tr Just Us Lrg Cp

SOLE

US LRG CP

Shares101.62K

TypeSH

Market value$9.8K

2.32%

Sole

101.62K

Shared

0.00

None

0.00

Ishares S&P Midcap Growth

SOLE

S&P MC 400GR ETF

Shares100.98K

TypeSH

Market value$9.8K

2.31%

Sole

100.98K

Shared

0.00

None

0.00

Schwab U.S. Large-Cap Value ET

SOLE

US LCAP VA ETF

Shares328.53K

TypeSH

Market value$9.7K

2.29%

Sole

328.53K

Shared

0.00

None

0.00

JPMorgan Chase & Co

SOLE

COM

Shares30.19K

TypeSH

Market value$9.7K

2.29%

Sole

30.19K

Shared

0.00

None

0.00

Morgan Stanley

SOLE

COM

Shares51.34K

TypeSH

Market value$9.1K

2.15%

Sole

51.34K

Shared

0.00

None

0.00

WisdomTree US MidCap Dividend ETF

SOLE

MIDCAP DIVI FD

Shares173.34K

TypeSH

Market value$8.9K

2.11%

Sole

173.34K

Shared

0.00

None

0.00

Goldman Sachs Acss Invmt Grd Corp Bd ETF

SOLE

ACCESS INVT GR

Shares186.35K

TypeSH

Market value$8.6K

2.03%

Sole

186.35K

Shared

0.00

None

0.00

Amazon.com Inc

SOLE

COM

Shares36.50K

TypeSH

Market value$8.4K

1.99%

Sole

36.50K

Shared

0.00

None

0.00

Marathon Petroleum Corp

SOLE

COM

Shares49.16K

TypeSH

Market value$8.0K

1.88%

Sole

49.16K

Shared

0.00

None

0.00

Xtrackers MSCI EAFE High Div Yld Eq ETF

SOLE

MSCI EAFE

Shares252.88K

TypeSH

Market value$7.8K

1.85%

Sole

252.88K

Shared

0.00

None

0.00

Invesco QQQ Trust

SOLE

QQQ TR UNIT SER 1

Shares12.59K

TypeSH

Market value$7.7K

1.82%

Sole

12.59K

Shared

0.00

None

0.00

iShares Core S&P Small-Cap ETF

SOLE

ETF TR EQUITY

Shares61.79K

TypeSH

Market value$7.4K

1.75%

Sole

61.79K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Berkshire Hathaway IncSOLE	CL B	69.28K	SH	$34.8K 8.20%	69.28K
Alphabet IncSOLE	STK CL A	84.18K	SH	$26.3K 6.21%	84.18K
Schwab Fundamental U.S. LargeSOLE	FDT US LG	589.68K	SH	$16.0K 3.78%	589.68K
Goldman Sachs ActiveBeta InterSOLE	ACTIVEBETA INT	373.14K	SH	$16.0K 3.78%	373.14K
VanEck Vectors Investment Grade Floating Rate ETFSOLE	INVT GRADE FLTG	533.05K	SH	$13.6K 3.20%	533.05K
VanEck Vectors Gold Miners ETFSOLE	GOLD MINER ETF	156.29K	SH	$13.4K 3.16%	156.29K
Microsoft CorpSOLE	COM	26.16K	SH	$12.7K 2.98%	26.16K
iShares Edge MSCI Min Vol USASOLE	MSCI MIN VOL ETF	130.87K	SH	$12.3K 2.90%	130.87K
Apple IncSOLE	COM	41.68K	SH	$11.3K 2.67%	41.68K
Schwab Intermediate TreasurySOLE	INT TRM US TRES	436.38K	SH	$10.9K 2.58%	436.38K
Meta Platforms Inc Class ASOLE	CL A	15.80K	SH	$10.4K 2.46%	15.80K
iShares TIPS Bond ETFSOLE	TIPS BD ETF	94.52K	SH	$10.4K 2.45%	94.52K
Janus Henderson AAA CLO ETFSOLE	HENDRSON AAA CL	195.46K	SH	$9.9K 2.33%	195.46K
Goldman Sachs Etf Tr Just Us Lrg CpSOLE	US LRG CP	101.62K	SH	$9.8K 2.32%	101.62K
Ishares S&P Midcap GrowthSOLE	S&P MC 400GR ETF	100.98K	SH	$9.8K 2.31%	100.98K
Schwab U.S. Large-Cap Value ETSOLE	US LCAP VA ETF	328.53K	SH	$9.7K 2.29%	328.53K
JPMorgan Chase & CoSOLE	COM	30.19K	SH	$9.7K 2.29%	30.19K
Morgan StanleySOLE	COM	51.34K	SH	$9.1K 2.15%	51.34K
WisdomTree US MidCap Dividend ETFSOLE	MIDCAP DIVI FD	173.34K	SH	$8.9K 2.11%	173.34K
Goldman Sachs Acss Invmt Grd Corp Bd ETFSOLE	ACCESS INVT GR	186.35K	SH	$8.6K 2.03%	186.35K
Amazon.com IncSOLE	COM	36.50K	SH	$8.4K 1.99%	36.50K
Marathon Petroleum CorpSOLE	COM	49.16K	SH	$8.0K 1.88%	49.16K
Xtrackers MSCI EAFE High Div Yld Eq ETFSOLE	MSCI EAFE	252.88K	SH	$7.8K 1.85%	252.88K
Invesco QQQ TrustSOLE	QQQ TR UNIT SER 1	12.59K	SH	$7.7K 1.82%	12.59K
iShares Core S&P Small-Cap ETFSOLE	ETF TR EQUITY	61.79K	SH	$7.4K 1.75%	61.79K

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