We are live on ! Find out more
WPC

White Pine Capital Portfolio holdings

AUM $355M
1-Year Est. Return 45.63%
This Fund
S&P 500
This Quarter Est. Return
+12.84%
1 Year Est. Return
+45.63%
3 Year Est. Return
+100.14%
5 Year Est. Return
+114.17%
10 Year Est. Return
+436.94%
AUM
$349M
AUM Growth
+$34.2M
Cap. Flow
+$3.43M
Cap. Flow %
0.98%
Top 10 Hldgs %
26.06%
Holding
230
New
9
Increased
78
Reduced
94
Closed
5

Top Buys

Rank Stock Value
1
INDB icon
Independent Bank
INDB
+$1.76M
2
KHC icon
Kraft Heinz
KHC
+$953K
3
UNH icon
UnitedHealth
UNH
+$922K
4
NEO icon
NeoGenomics
NEO
+$776K
5
AMD icon
Advanced Micro Devices
AMD
+$739K

Top Sells

Rank Stock Value
1
EBC icon
Eastern Bankshares
EBC
+$1.29M
2
PHLT
Performant Healthcare Inc
PHLT
+$919K
3
TGT icon
Target
TGT
+$719K
4
RBBN icon
Ribbon Communications
RBBN
+$464K
5
AXTI icon
AXT Inc
AXTI
+$402K

Sector Composition

Rank Sector Weight
1 Technology 20.22%
2 Industrials 14.96%
3 Financials 11.61%
4 Healthcare 8.6%
5 Communication Services 6.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MXL icon
126
MaxLinear
MXL
$6.49B
$765K 0.22%
47,583
+34
+0.1% +$534
AEHR icon
127
Aehr Test Systems
AEHR
$2.48B
$761K 0.22%
25,288
-3,904
-13% -$84.5K
FLL icon
128
Full House Resorts
FLL
$84.5M
$757K 0.22%
235,803
+50,697
+27% +$199K
SPG icon
129
Simon Property Group
SPG
$74.5B
$742K 0.21%
3,954
+455
+13% +$78.5K
SPSM icon
130
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17B
$741K 0.21%
16,001
-634
-4% -$28.4K
LNT icon
131
Alliant Energy
LNT
$19.4B
$737K 0.21%
10,929
– –
IJR icon
132
iShares Core S&P Small-Cap ETF
IJR
$109B
$731K 0.21%
6,155
– –
LQD icon
133
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$730K 0.21%
6,552
– –
AEP icon
134
American Electric Power
AEP
$73.7B
$725K 0.21%
+6,448
New +$705K
KRE icon
135
State Street SPDR S&P Regional Banking ETF
KRE
$4.48B
$719K 0.21%
11,360
– –
IWP icon
136
iShares Russell Mid-Cap Growth ETF
IWP
$19.7B
$714K 0.2%
5,012
– –
BMY icon
137
Bristol-Myers Squibb
BMY
$127B
$712K 0.2%
15,795
-1,210
-7% -$56.5K
QQQ icon
138
Invesco QQQ Trust
QQQ
$450B
$703K 0.2%
1,171
-1
-0.1% -$573
HLIT icon
139
Harmonic Inc
HLIT
$1.21B
$696K 0.2%
68,380
+7
+0% +$66
DHR icon
140
Danaher
DHR
$135B
$695K 0.2%
3,505
+11
+0.3% +$2.19K
HD icon
141
Home Depot
HD
$332B
$691K 0.2%
1,706
+158
+10% +$62.1K
CRM icon
142
Salesforce
CRM
$134B
$690K 0.2%
2,913
-309
-10% -$77.9K
ACLS icon
143
Axcelis
ACLS
$4.12B
$674K 0.19%
6,900
– –
HRL icon
144
Hormel Foods
HRL
$13.9B
$671K 0.19%
27,118
-1,083
-4% -$30K
VWO icon
145
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$661K 0.19%
12,202
-102
-0.8% -$5.25K
COST icon
146
Costco
COST
$415B
$653K 0.19%
705
– –
VOO icon
147
Vanguard S&P 500 ETF
VOO
$968B
$643K 0.18%
1,050
– –
INOD icon
148
Innodata
INOD
$1.83B
$643K 0.18%
8,343
-16
-0.2% -$808
SUB icon
149
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
$625K 0.18%
5,849
+1,784
+44% +$191K
MDT icon
150
Medtronic
MDT
$107B
$615K 0.18%
6,453
-195
-3% -$17.9K
4 5
6
7 8

Similar funds

CYG
Clean Yield Group Norwich, Vermont $355M AUM 19.69% 1-Year Est. Return
WKWM
Walter & Keenan Wealth Management Souh Bend, Indiana $355M AUM 23.15% 1-Year Est. Return
HC
Headland Capital Mt. Pleasant, South Carolina $355M AUM 15.23% 1-Year Est. Return
SWM
Seaside Wealth Management Carlsbad, California $356M AUM 18.53% 1-Year Est. Return
SACTSONJ
Supplemental Annuity Collective Trust (SACT) of New Jersey Trenton, New Jersey $355M AUM 35.07% 1-Year Est. Return
PWAC
Private Wealth Advisors (California) Fresno, California $356M AUM 26.22% 1-Year Est. Return
LW
Libra Wealth Los Gatos, California $355M AUM 17.36% 1-Year Est. Return
SFP
Sandbox Financial Partners Bethesda, Maryland $356M AUM 19.83% 1-Year Est. Return

White Pine Capital's Q3 2025 Portfolio in Review

As of Q3 2025, White Pine Capital held 230 positions worth $349M, up 11% from $315M the previous quarter. Its ten largest holdings account for 26% of the portfolio.

White Pine Capital's Q3 2025 filing shows 9 new, 78 increased, 94 reduced and 5 closed positions. Its largest new stake was Independent Bank: 25,904 shares worth $1.79M. The largest sale was Eastern Bankshares, an estimated $1.29M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Industrials and Financials.

  • White Pine Capital's largest Q3 2025 buy was Independent Bank: 25,904 shares worth $1.79M.
  • White Pine Capital added most to Kraft Heinz in Q3 2025, an estimated $953K increase.
  • White Pine Capital's biggest Q3 2025 reduction was Target, cutting an estimated $719K.
  • White Pine Capital fully exited Eastern Bankshares in Q3 2025, selling an estimated $1.29M.
  • White Pine Capital's ten largest holdings make up 26% of its $349M portfolio in Q3 2025.
  • White Pine Capital opened 9 new positions and closed 5 in Q3 2025.
  • White Pine Capital's portfolio value rose 11% quarter-over-quarter to $349M.

Based on White Pine Capital's 13F filing for Q3 2025, filed 10 Nov 2025.