AUMdb

White Pine Capital Llc

SEC-registered Wealth Manager · Small ($100M–$1B) CRD 108417 · SEC file 801-57154 · Bloomington, MN · WWW.WHITEPINECAPITAL.COM
☆ Save with Pro ADV data as of Mar 31, 2026
Regulatory AUM
$431M
Discretionary
$431M
Clients
84
Avg AUM / client
$5.1M
Accounts
353
Employees
7

AUM over time

$286M $431M
Dec 2011 Dec 2025

Annual snapshots from Form ADV filings · as of Mar 31, 2026

Investments (13F portfolio — 228 positions, $355,231,268)

13F period Mar 31, 2026
#IssuerClassValueShares% of 13F% of AUM
1 3 M Co COM $14,204,075 97,804 4.0% 3.3%
2 Apple Inc COM $13,160,789 51,857 3.7% 3.06%
3 Microsoft Corp Com COM $11,434,276 30,889 3.22% 2.66%
4 Ishares Core S&P 500 Index Fun COM $9,883,306 15,130 2.78% 2.3%
5 Alphabet Inc Cl A COM $7,621,490 26,504 2.15% 1.77%
6 Johnson & Johnson Com COM $6,302,786 25,785 1.77% 1.46%
7 Amazon.Com Inc COM $6,182,495 29,685 1.74% 1.44%
8 Spdr Gold Trust Fund GOLD $6,126,293 14,238 1.72% 1.42%
9 Spdr S&P 500 Etf Trust COM $6,071,262 9,336 1.71% 1.41%
10 Jpmorgan Chase & Co COM $5,669,787 19,275 1.6% 1.32%
11 Axt Inc COM $5,590,801 98,119 1.57% 1.3%
12 Ge Aerospace COM $5,558,039 19,586 1.56% 1.29%
13 Walmart Inc COM $5,369,269 43,203 1.51% 1.25%
14 Ishares Floating Rate Bond Etf COM $4,833,576 94,869 1.36% 1.12%
15 Visa Inc Class A COM $4,590,138 15,187 1.29% 1.07%
16 Merck & Co Inc (New) COM $4,204,166 34,950 1.18% 0.98%
17 Nvidia Corp COM $4,186,123 24,003 1.18% 0.97%
18 Ishares Tr Pfd And Income Sec PFD $4,119,606 135,871 1.16% 0.96%
19 Chevron Corporation COM $3,963,341 19,156 1.12% 0.92%
20 Alphabet Inc Cl C COM $3,847,079 13,411 1.08% 0.89%
21 Adtran Holdings Inc Com COM $3,703,162 294,369 1.04% 0.86%
22 International Bus Mach Com COM $3,577,194 14,758 1.01% 0.83%
23 Wells Fargo & Company COM $3,487,936 43,813 0.98% 0.81%
24 Standex International Corp COM $3,437,042 13,486 0.97% 0.8%
25 Ceco Environmental Corp COM $3,378,603 56,707 0.95% 0.78%

Top 25 of 228 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).

Who they serve

Client typeClientsAUM% of AUM
Individuals (non-high net worth) 9 $6.1M 1.41%
High net worth individuals 70 $329M 76.3%
Pension and profit sharing plans Fewer than 5 clients $3.7M 0.87%
Charitable organizations Fewer than 5 clients $12.0M 2.78%
Other 5 $80.1M 18.6%

Private funds (1)

Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $7.8M combined gross assets

FundTypeDomicileGross assetsOwners
Itasca Capital Partners Llc Hedge Fund Delaware $7.8M 15

Retirement plan clients

Plans that reported this firm as an investment service provider on Form 5500 Schedule C.

Plan Location Plan year
Best & Flanagan Llp 401(k) Profit Sharing Plan Best & Flanagan Llp 2024

People (4)

roster as of Jul 20, 2026
NameRole / titleCredentialsWith firm sinceOwnership
Michael Scott Wallace Managing Member CFA May 2006 (20y) 25% – 50%
Hardy, Barbara, Jean Chief Compliance Officer Mar 2008 (18y) 10% – 25%
Timothy Francis Madey Managing Member Jun 2013 (13y) 25% – 50%
Charles Sanger Bellows Registered representative Jan 2014 (13y)

Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Private funds (1, $7.8M gross assets)

FundTypeGross assetsMin. investmentOwners
Itasca Capital Partners Llc Hedge Fund $7.8M $500K 15

From Form ADV Section 7.B private fund reporting.

Retirement plans served (1)

PlanSponsorParticipantsPlan assetsAs of
Best & Flanagan Llp 401(k) Profit Sharing Plan Best & Flanagan Llp 80 $68.7M 01/01/2024

From Form 5500 service-provider disclosures.

Documents (1 archived)

FormPeriodSize
Form ADV (full filing) 03/31/2026 1.24 MB View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

  • Percentage of assets under management
  • Fixed fees

Services

  • Portfolio management for individuals/small businesses
  • Portfolio management for businesses/institutional clients

Custody

Reported custodians

Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).

Firm reports having custody of client funds or securities (Item 9.A).

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.

View current Form ADV (SEC/IAPD) ↗