WHITE PINE CAPITAL LLC
Long book
$355.2M
Q1 2026
Positions
228
Top-10 weight
24%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsWHITE PINE CAPITAL LLC is an institutional manager, running a $355.2M US long book across 228 positions.
The portfolio is broadly diversified across 228 positions (top 10 only 24%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: 3M CO, APPLE INC, MICROSOFT CORP, ISHARES CORE S&P 500 ETF, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 1.2pp per quarter ahead of the S&P 500, beating the index in 7 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+7.6%
Q3 2024
+2.7%
Q4 2024
-3.1%
Q1 2025
+7.8%
Q2 2025
+10.3%
Q3 2025
+5.6%
Q4 2025
+3.7%
Q1 2026
+15.0%
Sector allocation
Technology 29%
Healthcare 16%
Industrials 14%
Financials 13%
Consumer discretionary 7%
Services media 6%
Energy 4%
Other 3%
Long book by quarter
What does WHITE PINE own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MMM 3M CO | Healthcare | 97.8K | $14.2M | 4.0% | 0.0% |
| AAPL APPLE INC | Technology | 51.9K | $13.2M | 3.7% | 0.0% |
| MSFT MICROSOFT CORP | Technology | 30.9K | $11.4M | 3.2% | +0.8% |
| GOOGL ALPHABET INC-CL A | Technology | 26.5K | $7.6M | 2.1% | +0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 25.8K | $6.3M | 1.8% | -0.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 29.7K | $6.2M | 1.7% | +1.5% |
| JPM JPMORGAN CHASE & CO | Financials | 19.3K | $5.7M | 1.6% | -0.1% |
| AXTI AXT INC | Technology | 98.1K | $5.6M | 1.6% | -76.4% |
| GE GENERAL ELECTRIC | Industrials | 19.6K | $5.6M | 1.6% | -0.5% |
| WMT WALMART INC | Consumer discretionary | 43.2K | $5.4M | 1.5% | -0.3% |
| V VISA INC-CLASS A SHARES | Services media | 15.2K | $4.6M | 1.3% | -0.9% |
| MRK MERCK & CO. INC. | Healthcare | 35.0K | $4.2M | 1.2% | -0.2% |
| NVDA NVIDIA CORP | Technology | 24.0K | $4.2M | 1.2% | -0.5% |
| CVX CHEVRON CORP | Energy | 19.2K | $4.0M | 1.1% | -0.2% |
| GOOG ALPHABET INC-CL C | Technology | 13.4K | $3.8M | 1.1% | Held |
| ADTN ADTRAN HOLDINGS INC | Technology | 294.4K | $3.7M | 1.0% | -13.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 14.8K | $3.6M | 1.0% | +2.1% |
| WFC WELLS FARGO & CO | Financials | 43.8K | $3.5M | 1.0% | -0.5% |
| SXI STANDEX INTERNATIONAL CORP | Industrials | 13.5K | $3.4M | 1.0% | -10.6% |
| CECO CECO ENVIRONMENTAL CORP | Industrials | 56.7K | $3.4M | 1.0% | -12.1% |
| XOM EXXON MOBIL CORP | Energy | 19.8K | $3.4M | 0.9% | +0.4% |
| ATRO ASTRONICS CORP | Industrials | 45.5K | $3.0M | 0.9% | -35.7% |
| TRV TRAVELERS COS INC/THE | Financials | 10.1K | $3.0M | 0.8% | -1.0% |
| EMR EMERSON ELECTRIC CO | Industrials | 21.8K | $2.8M | 0.8% | -0.2% |
| PEP PEPSICO INC | Consumer staples | 17.9K | $2.8M | 0.8% | +0.9% |
| ECL ECOLAB INC | Other | 10.2K | $2.7M | 0.8% | -0.7% |
| META META PLATFORMS INC-CLASS A | Technology | 4.7K | $2.7M | 0.8% | +3.6% |
| MS MORGAN STANLEY | Financials | 15.5K | $2.6M | 0.7% | -0.5% |
| AMD ADVANCED MICRO DEVICES | Technology | 12.4K | $2.5M | 0.7% | +0.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 11.1K | $2.5M | 0.7% | -0.2% |
| T AT&T INC | Communications | 85.9K | $2.5M | 0.7% | -0.3% |
| GEV GE VERNOVA INC | Industrials | 2.8K | $2.4M | 0.7% | 0.0% |
| C CITIGROUP INC | Financials | 21.3K | $2.4M | 0.7% | +0.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 48.2K | $2.4M | 0.7% | +17.2% |
| CSCO CISCO SYSTEMS INC | Technology | 30.4K | $2.4M | 0.7% | +2.2% |
| NFLX NETFLIX INC | Services media | 23.3K | $2.2M | 0.6% | +128.3% |
| BAC BANK OF AMERICA CORP | Financials | 42.7K | $2.1M | 0.6% | -1.2% |
| RJF RAYMOND JAMES FINANCIAL INC | Financials | 14.2K | $2.1M | 0.6% | -0.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 19.7K | $2.0M | 0.6% | +0.9% |
| ALL ALLSTATE CORP | Financials | 9.4K | $1.9M | 0.5% | Held |
| INDB INDEPENDENT BANK CORP/MA | Financials | 25.3K | $1.9M | 0.5% | -17.1% |
| ITW ILLINOIS TOOL WORKS | Industrials | 7.2K | $1.9M | 0.5% | +0.2% |
| BA BOEING CO/THE | Industrials | 9.3K | $1.9M | 0.5% | -0.1% |
| ARLO ARLO TECHNOLOGIES INC | Services media | 128.6K | $1.8M | 0.5% | +10.4% |
| KRNY KEARNY FINANCIAL CORP/MD | Financials | 239.2K | $1.8M | 0.5% | +0.8% |
| RDNT RADNET INC | Healthcare | 32.2K | $1.8M | 0.5% | -13.4% |
| WNEB WESTERN NEW ENGLAND BANCORP | Financials | 134.5K | $1.7M | 0.5% | -18.3% |
| ORCL ORACLE CORP | Technology | 11.3K | $1.7M | 0.5% | -0.5% |
| SOLV SOLVENTUM CORP | Healthcare | 25.1K | $1.6M | 0.5% | 0.0% |
| DCI DONALDSON CO INC | Industrials | 19.3K | $1.6M | 0.5% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 228 | $355.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 219 | $363.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 225 | $349.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 221 | $315.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 225 | $288.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 218 | $296.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 215 | $292.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 210 | $263.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 211 | $262.9M | canonical | SEC ↗ |
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