Latest WHITE PINE CAPITAL LLC Stock Portfolio

WHITE PINE CAPITAL LLC Performance:

2025 Q4: 2.85%YTD: 15.54%2024: 16.27%

Performance for 2025 Q4 is 2.85%, and YTD is 15.54%, and 2024 is 16.27%.

About WHITE PINE CAPITAL LLC and 13F Hedge Fund Stock Holdings

WHITE PINE CAPITAL LLC is a hedge fund based in Golden Valley, MN. On 2026-02-09, the fund reported it's updated stock portfolio. In the 13F Holdings report, WHITE PINE CAPITAL LLC reported an equity portfolio of $363.4 Millions as of 31 Dec, 2025.

The top stock holdings of WHITE PINE CAPITAL LLC are MMM, MSFT, AAPL. The fund has invested 4.3% of it's portfolio in 3M CO and 4.1% of portfolio in MICROSOFT CORP COM.

The fund managers got completely rid off RIOT PLATFORMS INC (RIOT), AVIAT NETWORKS INC COM (AVNW) and AMERICAN OUTDOOR BRANDS INC (AOUT) stocks. They significantly reduced their stock positions in RIBBON COMMUNICATIONS INC (RBBN), EATON VANCE SENIOR FLOATING-RA and GENERAL MILLS INC (GIS). WHITE PINE CAPITAL LLC opened new stock positions in AVDIA BANCORP INC, LUMENTUM HOLDINGS INC (LITE) and UNITED PARCEL SERVICE CL B (UPS). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), ARLO TECHNOLOGIES INC (ARLO) and APPLIED OPTOELECTRONICS INC (AAOI).

WHITE PINE CAPITAL LLC Annual Return Estimates Vs S&P 500

Our best estimate is that WHITE PINE CAPITAL LLC made a return of 2.85% in the last quarter. In trailing 12 months, it's portfolio return was 15.54%.

Performance
S&P 500

New Buys

Ticker	$ Bought
avdia bancorp inc	541,097
lumentum holdings inc	371,170
united parcel service cl b	251,447
warner bros discovery inc	232,318
freeport-mcmoran inc	231,095
united rentals inc	223,054
dr horton inc	203,802

New stocks bought by WHITE PINE CAPITAL LLC

Additions

Ticker	% Inc.
netflix inc	1,276
arlo technologies inc	239
applied optoelectronics inc	184
full house resorts inc	151
serve robotics inc	125
energy select sector spdr etf	100
utilities select sector spdr e	99.78
shake shack inc - class a	85.97

Additions to existing portfolio by WHITE PINE CAPITAL LLC

Reductions

Ticker	% Reduced
ribbon communications inc	-95.57
eaton vance senior floating-ra	-79.06
kenvue inc	-60.38
general mills inc	-48.84
axt inc	-42.36
texas instruments inc	-32.53
public storage inc	-30.18
energy fuels inc	-27.92

WHITE PINE CAPITAL LLC reduced stake in above stock

Sold off

Ticker	$ Sold
kopin technology	-345,155
codexis inc	-337,176
research solutions inc	-445,493
riot platforms inc	-1,966,460
eventbrite inc-class a	-193,014
american outdoor brands inc	-602,783
aviat networks inc com	-1,259,450
redwire corp	-271,983

WHITE PINE CAPITAL LLC got rid off the above stocks

Sector Distribution

WHITE PINE CAPITAL LLC has about 21% of it's holdings in Technology sector.

Sector	%
Technology	21
Others	20.9
Industrials	13.5
Financial Services	11.3
Healthcare	8.6
Communication Services	6
Consumer Cyclical	4.6
Consumer Defensive	4.2
Energy	3.2
Utilities	2.8
Real Estate	1.7
Basic Materials	1.1
	1.1

Market Cap. Distribution

WHITE PINE CAPITAL LLC has about 57.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	29.9
LARGE-CAP	27.5
UNALLOCATED	20.7
SMALL-CAP	10.5
MICRO-CAP	5.6
MID-CAP	5.2

Stocks belong to which Index?

About 72.2% of the stocks held by WHITE PINE CAPITAL LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	57.1
Others	27.8
RUSSELL 2000	15.1

Top 5 Winners (%)		%
VLD	velo3d inc	341.7 %
AXTI	axt inc	208.2 %
AXGN	axogen inc	82.7 %
COHR	coherent corp com	70.7 %
AIP	arteris, inc	52.9 %

Top 5 Winners ($)		$
AXTI	axt inc	6.7 M
GOOG	alphabet inc cl a	1.9 M
VLD	velo3d inc	1.4 M
GOOG	alphabet inc cl c	0.9 M
AAPL	apple inc	0.9 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.3 %
XLB	utilities select sector spdr e	-43.9 %
XLB	energy select sector spdr etf	-42.8 %
INOD	innodata inc	-33.6 %
AEHR	aehr test systems	-32.6 %

Top 5 Losers ($)		$
NFLX	netflix inc	-6.1 M
MSFT	microsoft corp com	-1.0 M
ORCL	oracle corporation	-1.0 M
XLB	energy select sector spdr etf	-0.7 M
XLB	utilities select sector spdr e	-0.6 M

WHITE PINE CAPITAL LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of WHITE PINE CAPITAL LLC

WHITE PINE CAPITAL LLC has 217 stocks in it's portfolio. About 26.3% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. AXTI was the most profitable stock for WHITE PINE CAPITAL LLC last quarter.

Last Reported on: 09 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAOI	applied optoelectronics inc	0.33	34,776	1,212,290	added	184

AAPL	apple inc	3.88	51,877	14,103,300	reduced	-0.79

AAXJ	ishares tr pfd and income sec	1.26	147,877	4,578,270	added	2.5

AAXJ	ishares short term corporate b	0.43	29,319	1,550,390	added	36.95

AAXJ	ishares short term natl amt-fr	0.25	8,424	898,841	added	44.02

AAXJ	ishares iboxx high yld corpora	0.14	6,327	510,146	added	41.45

ABBV	abbvie inc	0.36	5,767	1,317,700	unchanged	0.00

ABT	abbott labs com	0.67	19,501	2,443,300	added	0.13

ACLS	axcelis technologies inc	0.15	6,671	535,948	reduced	-3.32

ACWV	ishares msci eurozone etf	0.07	4,086	261,913	added	12.97

ADTN	adtran holdings inc com	0.81	340,501	2,958,950	added	47.75

AEHR	aehr test systems	0.14	24,701	498,713	reduced	-2.32

AEP	american electric power	0.22	6,913	797,145	added	7.21

AFK	vaneck fallen angel high yld	0.41	51,038	1,498,730	added	14.28

AIP	arteris, inc	0.23	52,991	821,361	reduced	-2.3

ALL	allstate corp com	0.54	9,365	1,949,360	reduced	-0.69

AMBA	ambarella inc	0.27	13,952	988,360	reduced	-2.08

AMD	advanced micro devices	0.73	12,394	2,654,300	added	0.25

AMGN	amgen inc com	0.11	1,174	384,262	reduced	-0.25

AMOT	allient inc com	0.15	10,356	556,635	reduced	-2.22