White Pine Capital 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
APPLE INC	COM	037833100	4,377	47,103	SH		SOLE		15,035	0	24,431
EXXON MOBIL CORP COM	COM	30231G102	7,012	69,643	SH		SOLE		19,473	0	13,079
MICROSOFT CORP COM	COM	594918104	4,712	112,994	SH		SOLE		28,975	0	22,435
JOHNSON & JOHNSON COM	COM	478160104	6,659	63,647	SH		SOLE		16,271	0	38,450
WELLS FARGO & COMPANY	COM	949746101	1,751	33,323	SH		SOLE		8,406	0	3,575
GENERAL ELEC CO COM	COM	369604103	3,966	150,931	SH		SOLE		44,064	0	11,150
CHEVRON CORPORATION	COM	166764100	4,351	33,325	SH		SOLE		7,799	0	9,595
WAL MART STORES INC COM	COM	931142103	640	8,527	SH		SOLE		500	0	30,900
JPMORGAN CHASE & CO	COM	46625H100	1,153	20,002	SH		SOLE		4,700	0	5,250
PROCTER & GAMBLE CO	COM	742718109	1,725	21,954	SH		SOLE		6,537	0	1,687
VERIZON COMMUNICATIONS	COM	92343V104	3,419	69,872	SH		SOLE		20,136	0	65,000
GOOGLE INC CL A	COM	38259P508	1,390	2,377	SH		SOLE		690	0	24,658
GOOGLE INC CL C	COM	38259P706	1,367	2,377	SH		SOLE		690	0	10,000
PFIZER INC COM	COM	717081103	275	9,272	SH		SOLE		2,755	0	6,375
COCA COLA CO COM	COM	191216100	543	12,830	SH		SOLE		2,800	0	15,025
AT&T INC	COM	00206R102	3,133	88,612	SH		SOLE		26,103	0	6,039
INTERNATIONAL BUS MACH COM	COM	459200101	1,952	10,768	SH		SOLE		4,945	0	20,921
ORACLE CORPORATION	COM	68389x105	262	6,454	SH		SOLE		5,154	0	4,570
MERCK & CO INC (NEW)	COM	58933Y105	3,680	63,607	SH		SOLE		16,984	0	62,509
ROYAL DUTCH SHELL CL A	COM	780259206	231	2,800	SH		SOLE		0	0	116,600
BANK OF AMERICA CORP COM	COM	060505104	1,165	75,799	SH		SOLE		18,700	0	44,923
INTEL CORP COM	COM	458140100	4,228	136,843	SH		SOLE		37,315	0	525
SCHLUMBERGER LTD COM	COM	806857108	677	5,743	SH		SOLE		785	0	2,850
BERKSHIRE HATHAWAY INC CL B	COM	084670702	494	3,900	SH		SOLE		0	0	16,275
DISNEY WALT CO COM DISNEY	COM	254687106	1,443	16,833	SH		SOLE		5,162	0	39,147
CITIGROUP INC COM	COM	172967424	1,561	33,139	SH		SOLE		8,325	0	36,546
PEPSICO INC COM	COM	713448108	2,987	33,433	SH		SOLE		8,775	0	38,825
VISA INC CLASS A	COM	92826C839	2,717	12,895	SH		SOLE		3,400	0	49,736
CISCO SYS INC COM	COM	17275R102	973	39,150	SH		SOLE		37,700	0	33,005
UNITED TECHNOLOGIES CP COM	COM	913017109	1,527	13,230	SH		SOLE		4,175	0	5,900
MCDONALDS CORP COM	COM	580135101	1,725	17,120	SH		SOLE		4,625	0	8,999
3M CO	COM	88579Y101	23,244	162,276	SH		SOLE		3,515	0	19,313
BOEING CO COM	COM	097023105	1,466	11,525	SH		SOLE		3,275	0	52,475
ABBVIE INC	COM	00287Y109	1,453	25,743	SH		SOLE		5,925	0	2,225
CVS CAREMARK CORP	COM	126650100	3,145	41,726	SH		SOLE		9,750	0	101,713
BRISTOL MYERS SQUIBB COM	COM	110122108	3,138	64,698	SH		SOLE		19,775	0	10,030
US BANCORP	COM	902973304	1,197	27,625	SH		SOLE		10,322	0	15,850
HONEYWELL INTL INC COM	COM	438516106	2,360	25,388	SH		SOLE		6,112	0	3,800
WALGREEN CO COM	COM	931422109	452	6,100	SH		SOLE		2,700	0	36,519
CATERPILLAR INC	COM	149123101	979	9,010	SH		SOLE		2,650	0	45,050
EOG RES INC COM	COM	26875P101	546	4,670	SH		SOLE		100	0	21,050
MORGAN STANLEY	COM	617446448	1,290	39,900	SH		SOLE		11,450	0	18,575
EBAY INC	COM	278642103	1,954	39,030	SH		SOLE		9,700	0	99,528
COLGATE-PALMOLIVE CO	COM	194162103	580	8,500	SH		SOLE		1,500	0	38,308
ABBOTT LABS COM	COM	002824100	991	24,238	SH		SOLE		4,925	0	64,530
ISHARES CORE S&P 500 INDEX FUN	COM	464287200	289	1,467	SH		SOLE		0	0	17,303
E M C CORP MASS COM	COM	268648102	1,391	52,793	SH		SOLE		16,247	0	5,431
EXPRESS SCRIPTS HOLDINGS INC	COM	30219G108	200	2,888	SH		SOLE		0	0	11,193
TEVA PHARMACEUTICALS	COM	881624209	1,547	29,521	SH		SOLE		8,600	0	11,000
PNC FINANCIAL SERVICES GROUP I	COM	693475105	1,429	16,050	SH		SOLE		4,575	0	50,170
EMERSON ELEC CO COM	COM	291011104	794	11,966	SH		SOLE		2,075	0	3,875
NEXTERA ENERGY INC	COM	65339F101	533	5,200	SH		SOLE		900	0	4,725
KIMBERLY CLARK CORP COM	COM	494368103	213	1,912	SH		SOLE		562	0	8,027
COVIDIEN PLC	COM	G2554F113	494	5,480	SH		SOLE		550	0	25,925
BAXTER INTERNATIONAL INC	COM	071813109	513	7,089	SH		SOLE		1,050	0	37,090
GENERAL DYNAMICS CO	COM	369550108	378	3,247	SH		SOLE		697	0	900
APACHE CORP COM	COM	037411105	1,579	15,694	SH		SOLE		4,928	0	57,099
FREEPORT-MCMORAN INC	COM	35671D857	2,073	56,803	SH		SOLE		15,000	0	28,450
TARGET CORP	COM	87612E106	1,033	17,830	SH		SOLE		4,575	0	3,200
ILLINOIS TOOL WKS INC COM	COM	452308109	594	6,781	SH		SOLE		1,350	0	4,958
YUM! BRANDS INC	COM	988498101	1,072	13,199	SH		SOLE		4,200	0	4,930
ECOLAB INC	COM	278865100	2,269	20,375	SH		SOLE		5,350	0	5,823
BAKER HUGHES INC	COM	057224107	1,058	14,214	SH		SOLE		4,400	0	8,250
GENERAL MILLS INC	COM	370334104	475	9,042	SH		SOLE		1,600	0	11,475
TRAVELERS COMPANIES INC	COM	89417E109	2,945	31,304	SH		SOLE		4,500	0	9,640
PPG INDS INC COM	COM	693506107	294	1,400	SH		SOLE		200	0	41,803
BB&T CORP	COM	054937107	294	7,450	SH		SOLE		650	0	6,360
NOKIA CORP -SPON ADR	COM	654902204	84	11,150	SH		SOLE		0	0	1,450
AIR PRODUCTS & CHEMICAL	COM	009158106	325	2,525	SH		SOLE		300	0	18,675
MARATHON OIL CORP	COM	565849106	503	12,593	SH		SOLE		1,400	0	40,650
ALLSTATE CORP COM	COM	020002101	1,166	19,854	SH		SOLE		6,750	0	10,766
TELUS CORPORATION	COM	87971M103	739	19,850	SH		SOLE		4,000	0	74,400
BARRICK GOLD CORP	COM	067901108	642	35,081	SH		SOLE		10,650	0	98,700
ST JUDE MED INC COM	COM	790849103	218	3,150	SH		SOLE		0	0	226,591
WEYERHAEUSER CO COM	COM	962166104	784	23,698	SH		SOLE		3,775	0	116,775
ENCANA CORP	COM	292505104	1,266	53,408	SH		SOLE		15,100	0	5,273
ZIMMER HOLDINGS INC	COM	98956P102	397	3,825	SH		SOLE		250	0	66,667
XCEL ENERGY INC	COM	98389B100	1,593	49,419	SH		SOLE		12,900	0	4,395
OREILLY AUTOMOTIVE INC NEW	COM	67103H107	949	6,300	SH		SOLE		2,100	0	13,850
ONEOK PARTNERS LP	COM	68268N103	322	5,500	SH		SOLE		2,300	0	60,461
ISHARES TRUST DJ SELECT DIVIDE	COM	464287168	406	5,273	SH		SOLE		0	0	9,055
HORMEL FOODS CORP COM	COM	440452100	2,598	52,647	SH		SOLE		13,500	0	2,800
SPDR S&P DIVIDEND ETF	COM	78464A763	919	12,000	SH		SOLE		0	0	14,550
KEYCORP NEW COM	COM	493267108	1,846	128,850	SH		SOLE		27,200	0	17,000
BUNGE INC	COM	G16962105	363	4,800	SH		SOLE		1,450	0	16,200
ANNALY CAPITAL MANAGEMENT INC	COM	035710409	169	14,750	SH		SOLE		1,500	0	9,814
EQUINIX INC	COM	29444U502	1,707	8,125	SH		SOLE		1,750	0	54,300
ISHARES RUSSELL MIDCAP ETF	COM	464287499	425	2,612	SH		SOLE		0	0	22,198
ALCATEL-LUCENT SPONSORED ADR	COM	013904305	66	18,675	SH		SOLE		0	0	13,104
C H ROBINSON WORLDWIDE COM	COM	12541W209	359	5,625	SH		SOLE		900	0	7,000
H&R BLOCK INC	COM	093671105	1,001	29,850	SH		SOLE		8,750	0	12,500
SKYWORKS SOLUTIONS INC	COM	83088M102	5,120	109,025	SH		SOLE		27,000	0	825
INTL FLAVORS & FRAGRANCES	COM	459506101	472	4,525	SH		SOLE		650	0	4,875
HUNTINGTON BANCSHARES INC	COM	446150104	1,623	170,157	SH		SOLE		40,800	0	20,925
MEADWESTVACO CORP	COM	583334107	807	18,229	SH		SOLE		5,150	0	17,875
RAYMOND JAMES FINANCIAL	COM	754730109	1,699	33,500	SH		SOLE		9,650	0	1,687
UTILITIES SELECT SECTOR SPDR E	COM	81369Y886	427	9,640	SH		SOLE		0	0	57,150
ALLIANT ENERGY CORP	COM	018802108	698	11,467	SH		SOLE		2,450	0	13,250
VALSPAR CORP	COM	920355104	408	5,350	SH		SOLE		100	0	120,462
TIMKEN COMPANY	COM	887389104	368	5,425	SH		SOLE		550	0	9,825
DONALDSON INC COM	COM	257651109	1,853	43,780	SH		SOLE		10,775	0	129,357
SVB FINANCIAL GROUP	COM	78486Q101	2,105	18,050	SH		SOLE		7,225	0	4,200
MEDNAX INC	COM	58502B106	1,218	20,950	SH		SOLE		6,400	0	26,804
INTEGRYS ENERGY GROUP	COM	45822P105	302	4,250	SH		SOLE		1,400	0	11,675
SM ENERGY CO	COM	78454L100	925	11,000	SH		SOLE		0	0	3,078
ZIONS BANCORPORATION	COM	989701107	847	28,725	SH		SOLE		10,850	0	13,320
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	1,311	29,060	SH		SOLE		6,625	0	21,800
ATMEL CORP	COM	049513104	3,074	328,025	SH		SOLE		137,925	0	364,975
UMPQUA HOLDINGS INC	COM	904214103	1,761	98,275	SH		SOLE		41,750	0	82,025
AKORN INC	COM	009728106	562	16,900	SH		SOLE		12,425	0	9,017
DARLING INGREDIENTS INC	COM	237266101	882	42,180	SH		SOLE		15,700	0	2,550
TECHNE CORP	COM	878377100	329	3,550	SH		SOLE		3,025	0	7,650
UNIT CORP	COM	909218109	2,665	38,713	SH		SOLE		16,515	0	91,190
FIRST HORIZON NATIONAL CORP	COM	320517105	2,155	181,663	SH		SOLE		79,950	0	154,764
CORELOGIC INC	COM	21871D103	245	8,075	SH		SOLE		6,200	0	30,000
TCF FINL CORP COM	COM	872275102	728	44,457	SH		SOLE		23,198	0	1,300
HB FULLER	COM	359694106	293	6,100	SH		SOLE		3,200	0	15,417
ENERGY XXI (BERMUDA) LTD	COM	G10082140	618	26,145	SH		SOLE		21,750	0	1,467
AMERICAN EAGLE OUTFITTERS	COM	02553E106	2,116	188,575	SH		SOLE		71,950	0	190,100
DIGITALGLOBE INC	COM	25389M877	2,910	104,672	SH		SOLE		44,211	0	19,276
ENTEGRIS INC (DE)	COM	29362U104	1,382	100,575	SH		SOLE		61,750	0	995
SNYDER-LANCE INC	COM	833551104	632	23,875	SH		SOLE		19,350	0	20,000
GENTHERM INC	COM	37253A103	1,957	44,025	SH		SOLE		24,200	0	1,200
ALTISOURCE RESIDENTIAL CORP	COM	02153W100	990	38,035	SH		SOLE		21,175	0	32,068
TELETECH HLDGS INC COM	COM	879939106	1,107	38,200	SH		SOLE		18,250	0	25,175
MGE ENERGY INC	COM	55277P104	298	7,543	SH		SOLE		4,465	0	19,818
LIGAND PHARMACEUTICA	COM	53220K504	313	5,025	SH		SOLE		4,200	0	3,400
GULFMARK OFFSHORE INC	COM	402629208	247	5,475	SH		SOLE		3,675	0	6,517
COEUR MINING INC	COM	192108504	323	35,200	SH		SOLE		19,000	0	9,891
EATON VANCE TX MNGD BUY-WRITE	COM	27828Y108	204	13,850	SH		SOLE		0	0	148,400
SCIENTIFIC GAMES INC	COM	80874P109	1,080	97,125	SH		SOLE		43,600	0	30,350
AMBARELLA INC	COM	G037AX101	510	16,350	SH		SOLE		12,000	0	17,500
TITAN INTL INC ILL	COM	88830M102	1,884	111,985	SH		SOLE		54,835	0	12,000
VONAGE HOLDINGS CORP	COM	92886T201	458	122,050	SH		SOLE		91,150	0	61,275
ARCH COAL INC	COM	039380100	322	88,100	SH		SOLE		70,600	0	16,925
AEROVIRONMENT INC	COM	008073108	3,362	105,720	SH		SOLE		41,190	0	4,475
PERFICIENT	COM	71375U101	471	24,175	SH		SOLE		16,525	0	20,000
DEL FRISCO'S RESTAURANT GROUP	COM	245077102	550	19,945	SH		SOLE		10,350	0	7,442
ANGIODYNAMICS INC	COM	03475V101	1,184	72,500	SH		SOLE		45,900	0	6,800
BIOSCRIP INC	COM	09069N108	1,794	215,115	SH		SOLE		103,225	0	24,814
EXAR CORP	COM	300645108	717	63,475	SH		SOLE		37,550	0	60,275
CALAVO GROWERS	COM	128246105	2,042	60,365	SH		SOLE		23,275	0	26,480
STOCK BUILDING SUPPLY HOLDINGS	COM	86101X104	531	26,925	SH		SOLE		21,025	0	25,900
ATRICURE INC	COM	04963C209	796	43,325	SH		SOLE		24,750	0	3,900
PHYSICIANS REALTY TRUST	COM	71943U104	924	64,225	SH		SOLE		39,050	0	2,888
INPHI CORP	COM	45772F107	364	24,775	SH		SOLE		13,300	0	21,259
EXTREME NETWORKS INC	COM	30226D106	1,005	226,425	SH		SOLE		88,375	0	12,495
LIONBRIDGE TECHNOLOGIES INC	COM	536252109	791	133,200	SH		SOLE		78,900	0	19,923
INTERNAP NETWORK SERVICES CORP	COM	45885A300	881	125,025	SH		SOLE		94,675	0	19,950
VASCULAR SOLUTIONS INC	COM	92231M109	340	15,325	SH		SOLE		7,800	0	47,800
WINMARK CORP	COM	974250102	462	6,640	SH		SOLE		900	0	4,350
SUN BANCORP NJ	COM	86663B102	120	30,000	SH		SOLE		0	0	4,300
BARRETT BUSINESS SVCS INC	COM	068463108	1,406	29,925	SH		SOLE		13,000	0	31,976
CLIFTON BANCORP INC	COM	186873105	1,101	86,875	SH		SOLE		34,400	0	29,330
VOCERA COMMUNICATIONS INC	COM	92857F107	1,475	111,725	SH		SOLE		50,450	0	9,495
RUDOLPH TECHNOLOGIES	COM	781270103	460	46,575	SH		SOLE		25,650	0	11,475
CHRISTOPHER & BANKS CORP	COM	171046105	370	42,275	SH		SOLE		26,000	0	11,671
LIMONEIRA CO	COM	532746104	789	35,900	SH		SOLE		14,850	0	24,917
FEDERATED NATIONAL HOLDING CO	COM	31422T101	630	24,700	SH		SOLE		15,400	0	84,019
DESTINATION XL GROUP INC	COM	25065K104	1,882	341,525	SH		SOLE		175,025	0	1,800
NVE CORP	COM	629445206	267	4,800	SH		SOLE		3,900	0	1,875
RTI SURGICAL INC	COM	74975N105	677	155,544	SH		SOLE		81,144	0	13,200
SPEED COMM INC	COM	84764T106	546	145,940	SH		SOLE		54,750	0	46,623
PACIFIC PREMIER BANCORP INC	COM	69478X105	570	40,450	SH		SOLE		28,075	0	57,700
BEBE STORES INC	COM	075571109	1,779	583,300	SH		SOLE		218,325	0	25,526
VITESSE SEMICONDUCTOR COM	COM	928497304	59	17,000	SH		SOLE		0	0	45,975
DATALINK CORP	COM	237934104	680	67,975	SH		SOLE		22,925	0	106,867
AXCELIS TECHNOLOGIES INC	COM	054540109	1,701	850,575	SH		SOLE		354,950	0	21,100
VERTEX ENERGY INC	COM	92534K107	937	96,450	SH		SOLE		50,475	0	7,525
ZIX CORPORATION	COM	98974P100	889	260,025	SH		SOLE		143,250	0	432,425
MITCHAM INDUSTRIES	COM	606501104	240	17,150	SH		SOLE		2,800	0	16,860
CUI GLOBAL INC	COM	126576206	1,739	207,046	SH		SOLE		99,950	0	24,787
HEALTH INSURANCE INNOVATIONS I	COM	42225K106	580	47,050	SH		SOLE		27,700	0	23,850
TEARLAB CORP	COM	878193101	282	57,900	SH		SOLE		46,225	0	12,375
PLANET PAYMENT INC	COM	U72603118	2,490	876,775	SH		SOLE		444,350	0	138,050
MANDALAY DIGITAL GROUP	COM	562562207	534	135,175	SH		SOLE		74,900	0	5,740
MEDGENICS INC	COM	58436Q203	155	20,000	SH		SOLE		0	0	116,625
NEOPHOTONICS CORP	COM	64051T100	1,687	405,566	SH		SOLE		178,975	0	19,850
US AUTO PARTS NETWORK	COM	90343C100	235	65,000	SH		SOLE		0	0	422,410
RED LION HOTELS CORP	COM	756764106	70	12,799	SH		SOLE		8,999	0	19,350
MITEK SYSTEMS INC	COM	606710200	826	247,934	SH		SOLE		93,170	0	26,600
PERSHING GOLD CORP	COM	715302105	4	10,000	SH		SOLE		0	0	42,000
O2MICRO INTERNATIONAL LTD	COM	67107W100	809	237,370	SH		SOLE		105,500	0	166,500
ICAD INC	COM	44934S206	1,560	243,425	SH		SOLE		126,825	0	3,150
BANK OF COMMERCE HOLDINGS	COM	06424J103	126	19,850	SH		SOLE		0	0	107,096
INNODATA INC	COM	457642205	835	259,400	SH		SOLE		111,000	0	4,525
SYNERGETICS USA INC	COM	87160G107	2,483	801,110	SH		SOLE		378,700	0	131,870
USA TECHNOLOGIES INC	COM	90328S500	400	189,500	SH		SOLE		141,700	0	158,761
AMERICAN RIVER BANKSHRS (CA)	COM	029326105	191	21,800	SH		SOLE		0	0	495,625
UROPLASTY INC	COM	917277204	395	147,250	SH		SOLE		108,800	0	30,000
NETLIST INC	COM	64118P109	33	25,900	SH		SOLE		0	0	111,890
CYBEROPTICS CORP COM	COM	232517102	305	38,200	SH		SOLE		7,300	0	2,900
CACHE INC	COM	127150308	436	271,100	SH		SOLE		172,400	0	30,900
XRS CORP	COM	983845108	228	88,850	SH		SOLE		48,200	0	3,350
TRANSGENOMIC INC NEW	COM	89365K305	579	154,726	SH		SOLE		34,264	0	10,825
IMAGE SENSING SYSTEMS	COM	45244C104	77	23,200	SH		SOLE		10,000	0	150,000
POKERTEK INC	COM	730864204	17	12,500	SH		SOLE		0	0	9,300
ISHARES RUSSELL 2000 ETF	COM	464287655	285	2,395	SH		SOLE		1,400	0	56,525
SPDR S&P 500 ETF TRUST	COM	78462F103	2,451	12,525	SH		SOLE		2,700	0	20,000