Institutional Manager · CIK 0001137429
WHITE PINE CAPITAL LLC
BLOOMINGTON, MN · File #028-06425
Latest AUM
$363.4M
Positions
219
Top-10 Concentration
42.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | AXT INC | AXTI | -304,938 | -$5.0M | +$8.5M |
| REDUCE | EATON VANCE SENIOR FLOATING-RA | ETN | -264,717 | -$2.9M | -$100,451 |
| EXITED | RIOT PLATFORMS INC | 767292105 | -103,335 | -$2.0M | $0 |
| EXITED | AVIAT NETWORKS INC COM | 05366Y201 | -54,926 | -$1.3M | $0 |
| ADD | ARLO TECHNOLOGIES INC | ARLO | +82,240 | +$1.2M | -$101,507 |
| ADD | ADTRAN HOLDINGS INC COM | ADTN | +110,037 | +$956,222 | -$159,020 |
| ADD | FULL HOUSE RESORTS INC | 359678109 | +356,658 | +$930,877 | -$141,482 |
| ADD | NETFLIX INC | NFLX | +9,481 | +$888,938 | -$821,134 |
| REDUCE | RIBBON COMMUNICATIONS INC | RBBN | -287,450 | -$827,860 | -$276,718 |
| ADD | APPLIED OPTOELECTRONICS INC | AAOI | +22,545 | +$785,918 | +$109,223 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025219 pos · $363.4M
- 13F HOLDINGS REPORTQ/E Sep 2025225 pos · $349.2M
- 13F HOLDINGS REPORTQ/E Jun 2025221 pos · $315.1M
- 13F HOLDINGS REPORTQ/E Mar 2025225 pos · $288.7M
- 13F HOLDINGS REPORTQ/E Dec 2024218 pos · $296.8M
- 13F HOLDINGS REPORTQ/E Sep 2024215 pos · $292.7M
- 13F HOLDINGS REPORTQ/E Jun 2024210 pos · $263.9M
- 13F HOLDINGS REPORTQ/E Mar 2024211 pos · $262.9M
- 13F HOLDINGS REPORTQ/E Dec 2023206 pos · $249.2M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | 3M CO | MMM | 97,800 | $15.7M | 6.97% |
| 2 | MICROSOFT CORP COM | MSFT | 30,657 | $14.8M | 6.60% |
| 3 | APPLE INC | AAPL | 51,877 | $14.1M | 6.28% |
| 4 | ISHARES CORE S&P 500 INDEX FUN | 464287200 | 15,072 | $10.3M | 4.59% |
| 5 | ALPHABET INC CL A | GOOG | 26,394 | $8.3M | 3.68% |
| 6 | AXT INC | AXTI | 414,891 | $6.8M | 3.02% |
| 7 | SPDR S&P 500 ETF TRUST | SPY | 9,926 | $6.8M | 3.01% |
| 8 | AMAZON.COM INC | AMZN | 29,236 | $6.7M | 3.00% |
| 9 | JPMORGAN CHASE & CO | VYLD | 19,287 | $6.2M | 2.77% |
| 10 | GE AEROSPACE | 369604301 | 19,684 | $6.1M | 2.70% |
| 11 | SPDR GOLD TRUST FUND | GLD | 14,238 | $5.6M | 2.51% |
| 12 | VISA INC CLASS A | V | 15,328 | $5.4M | 2.39% |
| 13 | JOHNSON & JOHNSON COM | JNJ | 25,942 | $5.4M | 2.39% |
| 14 | WALMART INC | WMT | 43,346 | $4.8M | 2.15% |
| 15 | ISHARES FLOATING RATE BOND ETF | 46429B655 | 94,143 | $4.8M | 2.13% |
| 16 | ISHARES TR PFD AND INCOME SEC | 464288687 | 147,877 | $4.6M | 2.04% |
| 17 | NVIDIA CORP | NVDA | 24,120 | $4.5M | 2.00% |
| 18 | INTERNATIONAL BUS MACH COM | INTR | 14,460 | $4.3M | 1.91% |
| 19 | ALPHABET INC CL C | GOOG | 13,411 | $4.2M | 1.87% |
| 20 | WELLS FARGO & COMPANY | 949746101 | 44,024 | $4.1M | 1.83% |