White Pine Investment Co Q2 Activity: Major Buys in Floating Rate, Gold Miners ETFs

White Pine Investment Co has released its portfolio data for the second quarter of 2026, revealing several significant changes to its holdings. The investment company's total portfolio value stood at $464,989 as of June 30th.

Prominent Purchases This Quarter

Among the most striking developments in White Pine Investment Co's portfolio during Q2 was a substantial increase in its position within PIMCO Multisector Bond Active ETF (PYLD). The holding saw an unprecedented 63.49% share growth, making it one of the investor's most significant buying activities this quarter.

Another major purchase was observed in VanEck Vectors Investment Grade Floating Rate ETF (FLTR), which experienced a 3.58% increase in shares, adding considerable weight to White Pine's portfolio.

White Pine also significantly boosted its position in VanEck Vectors Gold Miners ETF (GDX), increasing holdings by 4.37% and strengthening the investor's exposure to this sector-specific fund.

Additionally, the portfolio noted substantial additions to Schwab Fundamental U.S. Large (FNDX), which saw a 2.11% share increase, and Schwab US Mid Cap ETF (SCHM) with a modest but positive change of 0.05%. The investor also increased exposure to fixed income through Schwab Intermediate Treasury ETF.

Notable Sale: Paychex Inc

The most significant sale during the quarter was observed in Paychex Inc (PAYX). White Pine Investment Co drastically reduced its position by 57.32%, indicating a major shift away from this Technology sector holding.

While the sale of Paychex was substantial, it wasn't the only exit during Q2. The investor also disposed of positions in other holdings like Paypal Holdings Inc (PYPL), which saw a 17.17% reduction.

Other Portfolio Activity

Beyond the major buys and sells, White Pine Investment Co demonstrated active management of its portfolio throughout Q2. The investor sold shares in several other positions including SPDR S&P Aerospace & Defense ETF (XAR), Service Now Inc (NOW), and Sprouts Farmers Market Inc (SFM).

Conversely, the portfolio saw increases in other areas such as Janus Henderson AAA CLO ETF (JAAA), which gained 6.63% of its shares.

Focus on Income and Sector ETFs

The investor's activity appears heavily focused on income-generating assets and sector-specific exchange-traded funds during this period. The substantial purchases in floating rate instruments, gold miners, and bond funds suggest a strategy emphasizing yield and diversification.

Conclusion: Strategic Shift Observed

In summary, White Pine Investment Co's Q2 portfolio adjustments reflect a strategic shift away from Technology stocks like Paychex Inc towards fixed income solutions and sector-specific ETFs. The investor maintained its core holdings while demonstrating active management through both significant additions and disposals.