WHITE PINE CAPITAL LLC
Long book
$723.0M
Q1 2026
Positions
231
Top-10 weight
24%
concentration
Last quarter
+18.6%
SPY +18.6%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsWHITE PINE CAPITAL LLC is an institutional manager, running a $723.0M US long book across 231 positions.
The portfolio is broadly diversified across 231 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 1.1pp per quarter ahead of the S&P 500, beating the index in 6 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
+18.6%
Sector allocation
Technology 30%
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 | 195.6K | $28.4M | 3.9% | +100.0% |
| AAPL APPLE INC | Technology | 103.7K | $26.3M | 3.6% | +99.9% |
| MSFT MICROSOFT CORP | Technology | 61.8K | $22.9M | 3.2% | +101.5% |
| GOOGL ALPHABET INC-CL A | Technology | 53.0K | $15.2M | 2.1% | +100.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 51.6K | $12.6M | 1.7% | +98.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 59.1K | $12.3M | 1.7% | +102.2% |
| AXTI AXT INC | Technology | 211.8K | $12.1M | 1.7% | -49.0% |
| JPM JPMORGAN CHASE & CO | Financials | 38.5K | $11.3M | 1.6% | +99.9% |
| GE GENERAL ELECTRIC | Industrials | 39.2K | $11.1M | 1.5% | +99.0% |
| WMT WALMART INC | Consumer discretionary | 86.4K | $10.7M | 1.5% | +99.3% |
| V VISA INC-CLASS A SHARES | Services media | 30.2K | $9.1M | 1.3% | +96.9% |
| MRK MERCK & CO. INC. | Healthcare | 69.9K | $8.4M | 1.2% | +99.6% |
| NVDA NVIDIA CORP | Technology | 48.0K | $8.4M | 1.2% | +99.0% |
| ADTN ADTRAN HOLDINGS INC | Technology | 656.0K | $8.3M | 1.1% | +92.7% |
| CVX CHEVRON CORP | Energy | 38.3K | $7.9M | 1.1% | +99.6% |
| GOOG ALPHABET INC-CL C | Technology | 26.8K | $7.7M | 1.1% | +100.0% |
| SXI STANDEX INTERNATIONAL CORP | Industrials | 28.6K | $7.3M | 1.0% | +89.4% |
| CECO CECO ENVIRONMENTAL CORP | Industrials | 121.2K | $7.2M | 1.0% | +88.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 29.5K | $7.2M | 1.0% | +104.1% |
| WFC WELLS FARGO & CO | Financials | 86.6K | $6.9M | 1.0% | +96.8% |
| XOM EXXON MOBIL CORP | Energy | 39.7K | $6.7M | 0.9% | +100.8% |
| ATRO ASTRONICS CORP | Industrials | 97.9K | $6.5M | 0.9% | +38.2% |
| TRV TRAVELERS COS INC/THE | Financials | 20.3K | $5.9M | 0.8% | +98.0% |
| EMR EMERSON ELECTRIC CO | Industrials | 43.5K | $5.7M | 0.8% | +99.5% |
| PEP PEPSICO INC | Consumer staples | 35.8K | $5.6M | 0.8% | +101.8% |
| ECL ECOLAB INC | Other | 20.5K | $5.4M | 0.8% | +98.6% |
| META META PLATFORMS INC-CLASS A | Technology | 9.4K | $5.4M | 0.7% | +107.3% |
| MS MORGAN STANLEY | Financials | 31.1K | $5.1M | 0.7% | +99.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 24.8K | $5.0M | 0.7% | +100.2% |
| T AT&T INC | Communications | 171.9K | $5.0M | 0.7% | +99.5% |
| GEV GE VERNOVA INC | Industrials | 5.6K | $4.8M | 0.7% | +99.9% |
| C CITIGROUP INC | Financials | 42.7K | $4.8M | 0.7% | +101.2% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 96.4K | $4.8M | 0.7% | +134.5% |
| CSCO CISCO SYSTEMS INC | Technology | 60.9K | $4.7M | 0.7% | +104.4% |
| NFLX NETFLIX INC | Services media | 46.2K | $4.4M | 0.6% | +351.8% |
| INDB INDEPENDENT BANK CORP/MA | Financials | 56.2K | $4.2M | 0.6% | +84.2% |
| BAC BANK OF AMERICA CORP | Financials | 85.4K | $4.2M | 0.6% | +97.5% |
| RJF RAYMOND JAMES FINANCIAL INC | Financials | 28.4K | $4.1M | 0.6% | +99.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 39.3K | $4.0M | 0.6% | +101.7% |
| ARLO ARLO TECHNOLOGIES INC | Services media | 283.1K | $4.0M | 0.6% | +143.0% |
| KRNY KEARNY FINANCIAL CORP/MD | Financials | 531.3K | $4.0M | 0.6% | +123.8% |
| ALL ALLSTATE CORP | Financials | 18.7K | $3.9M | 0.5% | +100.0% |
| RDNT RADNET INC | Healthcare | 69.4K | $3.9M | 0.5% | +86.6% |
| WNEB WESTERN NEW ENGLAND BANCORP | Financials | 298.6K | $3.9M | 0.5% | +81.4% |
| ITW ILLINOIS TOOL WORKS | Industrials | 14.4K | $3.8M | 0.5% | +100.4% |
| BA BOEING CO/THE | Industrials | 18.6K | $3.7M | 0.5% | +99.8% |
| NGS NATURAL GAS SERVICES GROUP | Energy | 89.8K | $3.4M | 0.5% | +73.8% |
| ORCL ORACLE CORP | Technology | 22.5K | $3.3M | 0.5% | +98.9% |
| SOLV SOLVENTUM CORP | Healthcare | 50.3K | $3.3M | 0.5% | +100.0% |
| DCI DONALDSON CO INC | Industrials | 38.5K | $3.3M | 0.5% | +100.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ANEW HOLDINGS | Aug 5, 2026 | 230 | $367.7M | canonical | SEC ↗ |
| 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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