13F-HR 1 wpic13f3-13.txt 04/23/2013 United States Securities and Exchange Commission Washington D.C. 20549 Form 13F Form 13F Cover Page Report for Quarter Ended: March 31, 2013 Institutional Investment Manager Filing this report: White Pine Investment Company 17199 Laurel Park Drive, N. Suite # 209 Livonia, Michigan 48152 Person Signing this Report on Behalf of Reporting Manager: Name: J. Russell King Title: President Phone: 734-464-2532 Signature, Place, Date of Signing: J. Russell King Livonia, Michigan April 23, 2013 Report Type: {X} 13F Holding Report { } 13F Notice { } 13F Combination Report United States Securities and Exchange Commission Washington D.C. 20549 Form 13F Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total 54 Form 13F Information Table Value Total: $122,926,407.36 Class Current SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY Description Title Symbol X 1000 Shares PRN CALL DSCRETN MANAGERS SOLE SHARED NONE Ford Motor Company Com F 6570 499636 0 0 SOLE 0 499636 0 0 Sprint Nextel Corporation COM S 2136 344000 0 0 SOLE 0 344000 0 0 Southwest Airlines Co COM LUV 4426 328324 0 0 SOLE 0 328324 0 0 Redwood Trust, Inc COM RWT 7476 322530 0 0 SOLE 0 322530 0 0 Gannett Co. COM GCI 5723 261695 0 0 SOLE 0 261695 0 0 Telefonica Spon ADR COM TEF 2668 197494 0 0 SOLE 0 197494 0 0 Berkshire Hathaway Cl B COM BRKB 17406 167048 0 0 SOLE 0 167048 0 0 Pfizer Incorporated COM PFE 4569 158301 0 0 SOLE 0 158301 0 0 Quantum Cp Dlt & Storag COM QTM 202 157800 0 0 SOLE 0 157800 0 0 Intel Corp COM INTC 3302 151225 0 0 SOLE 0 151225 0 0 Chicos Fas Inc COM CHS 2494 148460 0 0 SOLE 0 148460 0 0 Vodafone Group New Adr COM VOD 3584 126196 0 0 SOLE 0 126196 0 0 Microsoft Corp COM MSFT 3544 123879 0 0 SOLE 0 123879 0 0 General Electric Company COM GE 2471 106880 0 0 SOLE 0 106880 0 0 Marathon Oil Corporation COM MRO 3387 100445 0 0 SOLE 0 100445 0 0 North Star Strtgc Minerl COM 662586999 0 100000 0 0 SOLE 0 100000 0 0 Schw Intl Eq Etf COM SCHF 2185 78468 0 0 SOLE 0 78468 0 0 U S G Corporation New COM USG 2068 78200 0 0 SOLE 0 78200 0 0 Unumprovident Corp COM UNM 2086 73850 0 0 SOLE 0 73850 0 0 Ishares Msci Singapore COM EWS 915 65570 0 0 SOLE 0 65570 0 0 Morgan Stanley COM MS 1331 60559 0 0 SOLE 0 60559 0 0 Harris Corporation COM HRS 2713 58555 0 0 SOLE 0 58555 0 0 Vanguard Emerging Market COM VWO 2291 53403 0 0 SOLE 0 53403 0 0 Partnerre Ltd COM PRE 4776 51297 0 0 SOLE 0 51297 0 0 Cereplast Inc New COM CERP 1 50000 0 0 SOLE 0 50000 0 0 Marathon Pete Corp COM MPC 4355 48600 0 0 SOLE 0 48600 0 0 Merck & Co Inc New COM MRK 1991 45050 0 0 SOLE 0 45050 0 0 WT Emerging Mkt Local Debt COM ELD 2344 44630 0 0 SOLE 0 44630 0 0 Sanofi Aventis Adr COM SNY 2273 44490 0 0 SOLE 0 44490 0 0 A T & T Inc. New COM T 1615 44023 0 0 SOLE 0 44023 0 0 Proshs Ultrashort Lehman COM TBT 2854 43431 0 0 SOLE 0 43431 0 0 Auto Data Processing COM ADP 2412 37085 0 0 SOLE 0 37085 0 0 J P Morgan Chase & Co. COM JPM 1532 32275 0 0 SOLE 0 32275 0 0 Apache Corp COM APA 2482 32163 0 0 SOLE 0 32163 0 0 Hewlett-Packard Company COM HPQ 760 31862 0 0 SOLE 0 31862 0 0 Bp P.L.C. COM BP 1280 30216 0 0 SOLE 0 30216 0 0 Tuffnell Ltd COM TUFF 0 30000 0 0 SOLE 0 30000 0 0 Johnson & Johnson COM JNJ 2027 24862 0 0 SOLE 0 24862 0 0 WT India Earnings COM EPI 419 23340 0 0 SOLE 0 23340 0 0 North Star & Zale Inc COM 662554997 0 20000 0 0 SOLE 0 20000 0 0 Intl Business Machines Corp. COM IBM 3496 16390 0 0 SOLE 0 16390 0 0 WT Emerging Small Cap Div Fund COM DGS 547 10600 0 0 SOLE 0 10600 0 0 Hyperdynamics Corp COM HDY 6 10000 0 0 SOLE 0 10000 0 0 Black Sea Minerals Inc COM 91939108 0 10000 0 0 SOLE 0 10000 0 0 Exxon Mobil Corporation COM XOM 890 9874 0 0 SOLE 0 9874 0 0 Unitedhealth Group Inc COM UNH 552 9645 0 0 SOLE 0 9645 0 0 American Capital Ltd COM ACAS 130 8923 0 0 SOLE 0 8923 0 0 Wells Fargo & Co New COM WFC 259 7003 0 0 SOLE 0 7003 0 0 BHP Billiton Ltd ADR COM BHP 429 6275 0 0 SOLE 0 6275 0 0 Philip Morris Intl Inc COM PM 548 5916 0 0 SOLE 0 5916 0 0 Lab Cp Of Amer Hldg New COM LH 469 5200 0 0 SOLE 0 5200 0 0 Vanguard Total Stock Mkt COM VTI 240 2969 0 0 SOLE 0 10000 0 0 Chevron Corporation COM CVX 261 2200 0 0 SOLE 0 40000 0 0 Celgene Corp COM CELG 209 1800 0 0 SOLE 0 30000 0 0 Vanguard Variable Ann. COM VVAMM.1 222 2 0 0 SOLE 0 10000 0 0