# EDGAR Filing Document

**Accession Number:** 0001318259
**File Stem:** 0001318259-23-000001
**Filing Date:** 2023-2
**Character Count:** 10018
**Document Hash:** 961e4047cfdc17666db6e89747ae9be1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001318259-23-000001.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001318259-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**EFFECTIVENESS DATE**: 20230203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** White Pine Investment CO
- **CENTRAL INDEX KEY:** 0001318259
- **IRS NUMBER:** 383373138

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11317
- **FILM NUMBER:** 23584290

**BUSINESS ADDRESS:**
- **STREET 1:** 17199 LAUREL PARK DRIVE, N.
- **STREET 2:** SUITE 209
- **CITY:** LIVONIA
- **STATE:** MI
- **ZIP:** 48152
- **BUSINESS PHONE:** 734-464-2532

**MAIL ADDRESS:**
- **STREET 1:** 17199 LAUREL PARK DRIVE, N.
- **STREET 2:** SUITE 209
- **CITY:** LIVONIA
- **STATE:** MI
- **ZIP:** 48152

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** White Pine Investment CO<br>**Address:** 17199 LAUREL PARK DRIVE N.<br>SUITE 209<br>LIVONIA, MI 48152

**Form 13F File Number:** 028-11317

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Anthony DiGiovanni<br>**Title:** Chief Investment Officer<br>**Phone:** 7344642532

**Signature, Place, and Date of Signing:**

Anthony J. DiGiovanni  Livonia, MI  02-03-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 60

**Form 13F Information Table Value Total:** $262930

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Berkshire Hathaway Inc | CL B | 084670702 |  | 26321 | 85208 | SH |  | SOLE |  | 85208 | 0 | 0 |
| iShares Edge MSCI Min Vol USA | MSCI MIN VOL ETF | 46429B697 |  | 11225 | 155693 | SH |  | SOLE |  | 155693 | 0 | 0 |
| Goldman Sachs ActiveBeta Inter | ACTIVEBETA INT | 381430107 |  | 10275 | 357004 | SH |  | SOLE |  | 357004 | 0 | 0 |
| Schwab Fundamental U.S. Large | FDT US LG | 808524771 |  | 9377 | 175473 | SH |  | SOLE |  | 175473 | 0 | 0 |
| Alphabet Inc | STK CL A | 02079K305 |  | 9254 | 104889 | SH |  | SOLE |  | 104889 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 8151 | 33989 | SH |  | SOLE |  | 33989 | 0 | 0 |
| Marathon Petroleum Corp | COM | 56585A102 |  | 8030 | 68993 | SH |  | SOLE |  | 68993 | 0 | 0 |
| CVS Health Corp | COM | 126650100 |  | 7909 | 84866 | SH |  | SOLE |  | 84866 | 0 | 0 |
| Hartford Multifactor Dev Mkts (exUS) ETF | INTL EQTY ETF | 518416102 |  | 7303 | 294576 | SH |  | SOLE |  | 294576 | 0 | 0 |
| Morgan Stanley | COM | 617446448 |  | 7062 | 83057 | SH |  | SOLE |  | 83057 | 0 | 0 |
| Schwab U.S. Large-Cap Value ET | US LCAP VA ETF | 808524409 |  | 6835 | 103530 | SH |  | SOLE |  | 103530 | 0 | 0 |
| VanEck Vectors Investment Grade Floating Rate ETF | INVT GRADE FLTG | 92189F486 |  | 6663 | 267791 | SH |  | SOLE |  | 267791 | 0 | 0 |
| iShares TIPS Bond ETF | TIPS BD ETF | 464287176 |  | 6555 | 61588 | SH |  | SOLE |  | 61588 | 0 | 0 |
| VanEck Vectors Gold Miners ETF | GOLD MINER ETF | 92189F106 |  | 6186 | 215841 | SH |  | SOLE |  | 215841 | 0 | 0 |
| Apple Inc | COM | 037833100 |  | 6182 | 47580 | SH |  | SOLE |  | 47580 | 0 | 0 |
| Schwab International Equity ET | INTL EQTY ETF | 808524805 |  | 5842 | 181362 | SH |  | SOLE |  | 181362 | 0 | 0 |
| iShares 1-3 Year Treasury Bond ETF | TR 1 3 YR TREAS BD | 464287457 |  | 5786 | 71278 | SH |  | SOLE |  | 71278 | 0 | 0 |
| Chevron Corp | COM | 166764100 |  | 5744 | 32001 | SH |  | SOLE |  | 32001 | 0 | 0 |
| iShares Core S Small-Cap ETF | ETF TR EQUITY | 464287804 |  | 5737 | 60618 | SH |  | SOLE |  | 60618 | 0 | 0 |
| Canadian National Railway Co | COM | 136375102 |  | 5641 | 47455 | SH |  | SOLE |  | 47455 | 0 | 0 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 5280 | 39372 | SH |  | SOLE |  | 39372 | 0 | 0 |
| Goldman Sachs Etf Tr Just Us Lrg Cp | US LRG CP | 381430396 |  | 5122 | 92687 | SH |  | SOLE |  | 92687 | 0 | 0 |
| Automatic Data Processing Inc | COM | 053015103 |  | 4923 | 20609 | SH |  | SOLE |  | 20609 | 0 | 0 |
| Laboratory Corp of America Hol | COM | 50540R409 |  | 4637 | 19692 | SH |  | SOLE |  | 19692 | 0 | 0 |
| Paypal Holdings Inco | COM | 70450Y103 |  | 4556 | 63964 | SH |  | SOLE |  | 63964 | 0 | 0 |
| WisdomTree US MidCap Dividend ETF | MIDCAP DIVI FD | 97717W505 |  | 4499 | 109361 | SH |  | SOLE |  | 109361 | 0 | 0 |
| Starbucks Corp | COM | 855244109 |  | 4320 | 43552 | SH |  | SOLE |  | 43552 | 0 | 0 |
| Verizon Communications Inc | COM | 92343V104 |  | 4175 | 105953 | SH |  | SOLE |  | 105953 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 3814 | 21588 | SH |  | SOLE |  | 21588 | 0 | 0 |
| iShares 7-10 Year Treasury Bond ETF | BARCLAYS 7 10 YR | 464287440 |  | 3623 | 37828 | SH |  | SOLE |  | 37828 | 0 | 0 |
| First Trust Water ETF | FD WTR ETF | 33733B100 |  | 3520 | 44357 | SH |  | SOLE |  | 44357 | 0 | 0 |
| KraneShares CSI China Internet ETF | CSI CHI INTERNET | 500767306 |  | 3479 | 115184 | SH |  | SOLE |  | 115184 | 0 | 0 |
| Sprouts Farmers Market Inc | COM | 85208M102 |  | 3420 | 105660 | SH |  | SOLE |  | 105660 | 0 | 0 |
| BorgWarner Inc | COM | 099724106 |  | 3335 | 82855 | SH |  | SOLE |  | 82855 | 0 | 0 |
| Amazon.com Inc | COM | 023135106 |  | 3056 | 36383 | SH |  | SOLE |  | 36383 | 0 | 0 |
| Meta Platforms Inc Class A | CL A | 30303M102 |  | 2940 | 24429 | SH |  | SOLE |  | 24429 | 0 | 0 |
| Alps Alerian Mlp Etf | ALERIAN MLP | 00162Q452 |  | 2937 | 77152 | SH |  | SOLE |  | 77152 | 0 | 0 |
| Walt Disney Co/The | COM | 254687106 |  | 2847 | 32775 | SH |  | SOLE |  | 32775 | 0 | 0 |
| Pfizer Inc | COM | 717081103 |  | 2818 | 54992 | SH |  | SOLE |  | 54992 | 0 | 0 |
| Xtrackers MSCI EAFE High Div Yld Eq ETF | MSCI EAFE | 233051630 |  | 2469 | 113217 | SH |  | SOLE |  | 113217 | 0 | 0 |
| WisdomTree US Dividend ex-Financials ETF | US AI ENHANCED | 97717W406 |  | 2304 | 25093 | SH |  | SOLE |  | 25093 | 0 | 0 |
| Goldman Sachs Acss Invmt Grd Corp Bd ETF | ACCESS INVT GR | 381430479 |  | 1941 | 43915 | SH |  | SOLE |  | 43915 | 0 | 0 |
| Splunk Inc | COM | 848637104 |  | 1933 | 22459 | SH |  | SOLE |  | 22459 | 0 | 0 |
| iShares Morningstar Large-Cap Growth ETF | ETF TR GRWT | 464287119 |  | 1674 | 34395 | SH |  | SOLE |  | 34395 | 0 | 0 |
| Invesco Taxable Municipal Bond | TAXABLE MUN BD | 46138G805 |  | 1669 | 64929 | SH |  | SOLE |  | 64929 | 0 | 0 |
| iShares Edge MSCI USA Momentum Fctr ETF | MOMENTUM FCT | 46432F396 |  | 1439 | 9864 | SH |  | SOLE |  | 9864 | 0 | 0 |
| PIMCO Enhanced Short Maturity Active ETF | ENHAN SHRT MA AC | 72201R833 |  | 1438 | 14572 | SH |  | SOLE |  | 14572 | 0 | 0 |
| Schwab US Broad Market ETF | US BRD MKT ETF | 808524102 |  | 1323 | 29535 | SH |  | SOLE |  | 29535 | 0 | 0 |
| Goldman Sachs BDC Inc | SHS | 38147U107 |  | 1265 | 92179 | SH |  | SOLE |  | 92179 | 0 | 0 |
| WisdomTree U.S. Quality Divide | US QTLY DIV GRT | 97717X669 |  | 1139 | 18869 | SH |  | SOLE |  | 18869 | 0 | 0 |
| Direxion NASDAQ-100 Equal Wtd ETF | TR NAS100 EQL WGT | 25459Y207 |  | 868 | 13604 | SH |  | SOLE |  | 13604 | 0 | 0 |
| SPDR S MidCap 400 ETF Trust | ETF TR SPDR Mid | 78467Y107 |  | 771 | 1741 | SH |  | SOLE |  | 1741 | 0 | 0 |
| FlexShares Mstar Glbl Upstrm Nat Res ETF | MORNSTAR UPSTR | 33939L407 |  | 695 | 15999 | SH |  | SOLE |  | 15999 | 0 | 0 |
| Vanguard FTSE Pacific ETF | FTSE PACIFIC ETF | 922042866 |  | 534 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| Enterprise Products Partners L | COM | 293792107 |  | 414 | 17180 | SH |  | SOLE |  | 17180 | 0 | 0 |
| Invesco QQQ Trust | QQQ TR UNIT SER 1 | 46090E103 |  | 398 | 1495 | SH |  | SOLE |  | 1495 | 0 | 0 |
| Ford Motor Co | COM | 345370860 |  | 384 | 32982 | SH |  | SOLE |  | 32982 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 |  | 342 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| AbbVie Inc | COM | 00287Y109 |  | 276 | 1709 | SH |  | SOLE |  | 1709 | 0 | 0 |
| Goldman Sachs ActiveBeta U.S. | ETF TR EQUITY | 381430503 |  | 274 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |

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