Latest WHITE PINE CAPITAL LLC Stock Portfolio

WHITE PINE CAPITAL LLC Performance:

2025 Q3: 9.13%YTD: 13.23%2024: 15.21%

Performance for 2025 Q3 is 9.13%, and YTD is 13.23%, and 2024 is 15.21%.

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 31-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $324.6 Millions. In it's latest 13F Holdings report, WHITE PINE CAPITAL LLC reported an equity portfolio of $349.2 Millions as of 30 Sep, 2025.

The top stock holdings of WHITE PINE CAPITAL LLC are MSFT, MMM, AAPL. The fund has invested 4.5% of it's portfolio in MICROSOFT CORP COM and 4.3% of portfolio in 3M CO.

The fund managers got completely rid off EASTERN BANKSHARES INC (EBC), PERFORMANT HEALTHCARE INC (PFMT) and CLEARFIELD INC (CLFD) stocks. They significantly reduced their stock positions in ALLIENT INC COM (AMOT), TARGET CORP (TGT) and TRANSCAT INC (TRNS). WHITE PINE CAPITAL LLC opened new stock positions in INDEPENDENT BANK CORP (INDB), CENTRUS ENERGY CORP (LEU) and AMERICAN ELECTRIC POWER (AEP). The fund showed a lot of confidence in some stocks as they added substantially to NEOGENOMICS INC (NEO), UNITEDHEALTH GROUP INC (UNH) and KRAFT/HEINZ CO (KHC).

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

Our best estimate is that WHITE PINE CAPITAL LLC made a return of 9.13% in the last quarter. In trailing 12 months, it's portfolio return was 16.11%.

New Buys

Ticker	$ Bought
independent bank corp	1,791,780
centrus energy corp	794,089
american electric power	725,400
velo3d inc	411,948
southern co com	328,283
trisalus life sciences inc	277,758
cvs health corporation	210,112
timken company	204,414

New stocks bought by WHITE PINE CAPITAL LLC

Additions

Ticker	% Inc.
neogenomics inc	394
unitedhealth group inc	280
kraft/heinz co	119
aviat networks inc com	95.38
angiodynamics inc	61.56
advanced micro devices	58.87
ishares short term natl amt-fr	43.89
duke energy corp com	33.21

Additions to existing portfolio by WHITE PINE CAPITAL LLC

Reductions

Ticker	% Reduced
allient inc com	-38.49
target corp	-35.53
transcat inc	-34.97
ribbon communications inc	-28.21
redwire corp	-23.95
ishares tips bond etf	-18.37
telos corporation	-17.74
axt inc	-16.34

WHITE PINE CAPITAL LLC reduced stake in above stock

Sold off

Ticker	$ Sold
performant healthcare inc	-918,724
clean energy fuels corp	-292,557
butterfly network inc	-263,586
eastern bankshares inc	-1,294,450
clearfield inc	-341,941

WHITE PINE CAPITAL LLC got rid off the above stocks

Sector Distribution

WHITE PINE CAPITAL LLC has about 21.4% of it's holdings in Others sector.

Sector	%
Others	21.4
Technology	20.2
Industrials	13.7
Financial Services	11.5
Healthcare	7.9
Communication Services	5.9
Consumer Cyclical	4.7
Consumer Defensive	4.5
Energy	3.5
Utilities	2.9
Real Estate	1.7
Basic Materials	1.1

Market Cap. Distribution

WHITE PINE CAPITAL LLC has about 58% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	29.6
LARGE-CAP	28.4
UNALLOCATED	21.3
SMALL-CAP	10.6
MID-CAP	5.4
MICRO-CAP	4.6

Stocks belong to which Index?

About 72.7% of the stocks held by WHITE PINE CAPITAL LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	57.6
Others	27.2
RUSSELL 2000	15.1

Top 5 Winners (%)		%
UUUU	energy fuels inc	167.0 %
AEHR	aehr test systems	132.9 %
TLS	telos corporation	115.8 %
AXTI	axt inc	114.8 %
CECE	ceco environmental corp	80.8 %

Top 5 Winners ($)		$
AAPL	apple inc	2.6 M
AXTI	axt inc	2.1 M
GOOG	alphabet inc cl a	1.8 M
CECE	ceco environmental corp	1.5 M
UUUU	energy fuels inc	1.0 M

Top 5 Losers (%)		%
RDW	redwire corp	-44.9 %
SHAK	shake shack inc - class a	-33.4 %
HRL	hormel foods corp com	-18.2 %
AOUT	american outdoor brands inc	-16.9 %
IFF	intl flavors & fragrances	-16.3 %

Top 5 Losers ($)		$
RDW	redwire corp	-0.3 M
HON	honeywell intl inc com	-0.3 M
SHAK	shake shack inc - class a	-0.2 M
V	visa inc class a	-0.2 M
IBM	international bus mach com	-0.2 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 223 stocks in it's portfolio. About 26.1% of the portfolio is in top 10 stocks. RDW proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for WHITE PINE CAPITAL LLC last quarter.

Last Reported on: 10 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAOI	applied optoelectronics inc	0.09	12,231	317,150	added	0.18

AAPL	apple inc	3.81	52,290	13,314,600	added	0.03

AAXJ	ishares tr pfd and income sec	1.31	144,269	4,561,780	added	0.12

AAXJ	ishares short term corporate b	0.32	21,409	1,135,320	reduced	-3.8

AAXJ	ishares short term natl amt-fr	0.18	5,849	624,556	added	43.89

AAXJ	ishares iboxx high yld corpora	0.10	4,473	363,163	added	11.13

ABBV	abbvie inc	0.38	5,767	1,335,290	reduced	-0.1

ABT	abbott labs com	0.75	19,475	2,608,500	reduced	-0.13

ACLS	axcelis technologies inc	0.19	6,900	673,716	unchanged	0.00

ACWV	ishares msci eurozone etf	0.06	3,617	224,037	unchanged	0.00

ADTN	adtran holdings inc com	0.62	230,464	2,161,750	added	0.01

AEHR	aehr test systems	0.22	25,288	761,422	reduced	-13.37

AEP	american electric power	0.21	6,448	725,400	new

AFK	vaneck fallen angel high yld	0.38	44,659	1,327,710	added	4.83

AIP	arteris, inc	0.16	54,237	547,794	added	0.1

ALL	allstate corp com	0.58	9,430	2,024,190	reduced	-1.05

AMBA	ambarella inc	0.34	14,249	1,175,830	reduced	-3.36

AMD	advanced micro devices	0.57	12,363	2,000,210	added	58.87

AMGN	amgen inc com	0.10	1,177	332,149	reduced	-0.51

AMOT	allient inc com	0.14	10,591	473,947	reduced	-38.49