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Livermore
Livermore
ZHEN

White Pine Capital LLC

SEC CIK
0001137429
Latest filing
Aug 5, 2026

The latest 13F from White Pine Capital LLC covers Q2 2026 (filed Aug 5, 2026): 240 long positions worth $423.2M. The top 10 holdings make up 23.3% of the portfolio, and the largest is 3M Co (MMM) at 3.7%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
17
Est. +$8.52M
Added
69
Est. +$18.1M
Reduced
118
Est. −$27.3M
Sold out
7
Est. −$4.15M

Top 5 holdings

Share of this quarter's portfolio value

  1. MMM3M Co
    3.7%$15.8MHistory
  2. AAPLApple Inc.
    3.5%$14.9MHistory
  3. iShares Core S&P 500 ETF464287200
    2.8%$12.0M
  4. MSFTMicrosoft Corp
    2.7%$11.4MHistory
  5. GOOGLAlphabet Inc.
    2.3%$9.61MHistory

Share of portfolio

Top 5 holdings and the other 235 positions, by share of portfolio value

  1. MMM3.7%
  2. AAPL3.5%
  3. iShares Core S&P 500 ETF2.8%
  4. MSFT2.7%
  5. GOOGL2.3%
  6. Other 235 positions85.0%

Biggest buys

New and added positions, by estimated amount bought

  1. TLSITriSalus Life Sciences, Inc.
    +$1.58MAddedHistory
  2. GENIGenius Sports Ltd
    +$1.37MAddedHistory
  3. AMBAAmbarella Inc
    +$1.28MAddedHistory
  4. HONAHoneywell Aerospace Inc.
    +$1.21MNewHistory
  5. CMTCore Molding Technologies Inc
    +$1.10MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GENIGenius Sports Ltd
    +0.39 pp0.4% → 0.8%History
  2. AMBAAmbarella Inc
    +0.39 pp0.2% → 0.6%History
  3. TLSITriSalus Life Sciences, Inc.
    +0.37 pp0.2% → 0.6%History
  4. CSCOCisco Systems, Inc.
    +0.36 pp0.6% → 1.0%History
  5. HONAHoneywell Aerospace Inc.
    +0.29 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MXLMaxlinear, Inc
    −$7.29MReducedHistory
  2. AXTIAxt Inc
    −$4.93MReducedHistory
  3. SITMSITIME Corp
    −$2.19MReducedHistory
  4. AAOIApplied Optoelectronics, Inc.
    −$1.49MSold outHistory
  5. HONHoneywell International Inc
    −$1.26MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AXTIAxt Inc
    −0.99 pp1.8% → 0.8%History
  2. GLDSPDR Gold Trust
    −0.46 pp1.7% → 1.2%History
  3. iShares Tr46429B655
    −0.43 pp1.3% → 0.9%
  4. MSFTMicrosoft Corp
    −0.42 pp3.1% → 2.7%History
  5. CVXChevron Corp
    −0.42 pp1.1% → 0.7%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$423.2M
+$55.5M (+15.1%) vs. prior quarter
Positions
240
+10 vs. prior quarter
Top 10 concentration
23.3%
Top 10 as share of value
Turnover
6.7%
Q2 2026, one quarter
Average holding period
18.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $423.2M (Q2 2026)

Q1 2021: $314.8MQ2 2021: $335.8MQ3 2021: $325.6MQ4 2021: $338.5MQ1 2022: $322.8MQ2 2022: $255.2MQ3 2022: $240.3MQ4 2022: $256.2MQ1 2023: $257.4MQ2 2023: $268.0MQ3 2023: $249.2MQ4 2023: $259.5MQ1 2024: $262.9MQ2 2024: $263.9MQ3 2024: $292.7MQ4 2024: $296.8MQ1 2025: $288.7MQ2 2025: $315.1MQ3 2025: $349.2MQ4 2025: $363.4MQ1 2026: $367.7MQ2 2026: $423.2M
Q1 2021Q2 2026
13F filings of White Pine Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026240$423.2MMMMAAPLiShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026Aug 5, 2026Amended230$367.7MMMMAAPLMSFTvs. Q4 2025SEC
Q4 2025Feb 9, 2026219$363.4MMMMMSFTAAPLvs. Q3 2025SEC
Q3 2025Nov 10, 2025225$349.2MMSFTMMMAAPLvs. Q2 2025SEC
Q2 2025Aug 12, 2025221$315.1MMSFTMMMAAPLvs. Q1 2025SEC
Q1 2025May 13, 2025225$288.7MMMMAAPLMSFTvs. Q4 2024SEC
Q4 2024Jan 30, 2025218$296.8MAAPLMSFTMMMvs. Q3 2024SEC
Q3 2024Nov 12, 2024215$292.7MMMMMSFTAAPLvs. Q2 2024SEC
Q2 2024Aug 13, 2024210$263.9MMSFTAAPLMMMvs. Q1 2024SEC
Q1 2024May 13, 2024211$262.9MMSFTMMMAAPLvs. Q4 2023SEC
Q4 2023Feb 5, 2024202$259.5MMSFTMMMAAPLvs. Q3 2023SEC
Q3 2023Nov 9, 2023206$249.2MMSFTAAPLMMMvs. Q2 2023SEC
Q2 2023Aug 8, 2023203$268.0MMSFTAAPLMMMvs. Q1 2023SEC
Q1 2023May 9, 2023201$257.4MMMMMSFTAAPLvs. Q4 2022SEC
Q4 2022Feb 16, 2023Amended200$256.2MMMMMSFTiShares Trvs. Q3 2022SEC
Q3 2022Nov 8, 2022197$240.3MMMMiShares TrMSFTvs. Q2 2022SEC
Q2 2022Aug 16, 2022214$255.2MMMMiShares TrMSFTvs. Q1 2022SEC
Q1 2022May 12, 2022223$322.8MMMMiShares TrMSFTvs. Q4 2021SEC
Q4 2021Feb 11, 2022231$338.5MMMMiShares TrMSFTvs. Q3 2021SEC
Q3 2021Nov 10, 2021230$325.6MMMMiShares TrMSFTvs. Q2 2021SEC
Q2 2021Aug 12, 2021236$335.8MMMMiShares TrMSFTvs. Q1 2021SEC
Q1 2021May 12, 2021234$314.8MMMMiShares TrMSFT–SEC