Instuitional Investor - White Pine Capital Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Microsoft Corp	MSFT	30,380	$15,735,453	4.51%
2.	3M Co	MMM	97,800	$15,176,604	4.35%
3.	Apple Inc.	AAPL	52,290	$13,314,603	3.81%
4.	Ishares Trust	IEF	15,209	$10,179,629	2.92%
5.	Spdr S & P 500 Etf Trust	SPY	9,941	$6,622,176	1.9%