International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionWhite Pine Capital Llc
Latest Disclosed Ownership14,758 shares
Latest Disclosed Value $ 3,577,194
White Pine Capital Llc reports 2.06% increase in ownership of IBM / International Business Machines Corporation

On May 11, 2026 - White Pine Capital Llc filed a 13F-HR form disclosing ownership of 14,758 shares of International Business Machines Corporation (MX:IBM) valued at $3,577,194 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 14,460 shares of International Business Machines Corporation. This represents a change in shares of 2.06% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date
Effective
Date
Form Security Class ID Avg Price
Paid (Est)
Reported
Shares
ΔShares ΔShares
(%)
Reported
Value
(x1000)
ΔValue
(%)
Alloc
(%)
ΔAlloc ΔAlloc (%) Cost Basis
(x1000)
Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 14,758 298 2.06 3,577 -16.48 1.0070
2026-02-09 2025-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 14,460 -127 -0.87 4,283 4.08 1.1785
2025-11-10 2025-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 14,587 -82 -0.56 4,116 -4.83 1.1786
2025-08-12 2025-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 14,669 -17 -0.12 4,324 18.43 1.3725
2025-05-13 2025-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 14,686 60 0.41 3,652 13.56 1.2651
2025-01-30 2024-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 14,626 -4 -0.03 3,215 -0.59 1.0833
2024-11-12 2024-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 14,630 -123 -0.83 3,234 26.77 1.1050
2024-08-13 2024-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 14,753 -456 -3.00 2,552 0.95 0.9670
2024-05-13 2024-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 15,209 169 1.12 2,528 2.77 0.9613
2024-02-05 2023-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 15,040 -720 -4.57 2,460 11.22 0.9479
2023-11-09 2023-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 15,760 740 4.93 2,211 10.05 0.8874
2023-08-08 2023-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 15,020 -1,290 -7.91 2,010 -6.03 0.7499
2023-05-09 2023-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 16,310 125 0.77 2,138 -6.23 0.8306
2023-02-16 2022-12-31 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 16,185 360 2.27 2,280 21.28 0.8899
2023-02-10 2022-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 16,185 360 2,280 0.0009
2022-11-08 2022-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 15,825 1,025 6.93 1,880 -10.05 0.7825
2022-08-16 2022-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 14,800 -322 -2.13 2,090 6.31 0.8188
2022-05-12 2022-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 15,122 1,647 12.22 1,966 9.16 0.6090
2022-02-11 2021-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 13,475 147 1.10 1,801 -2.75 0.5321
2021-11-10 2021-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 13,328 -212 -1.57 1,852 -2.99 0.5688
2021-08-12 2021-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 13,540 -60 -0.44 1,909 5.35 0.5685
2021-05-12 2021-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 13,600 -95 -0.69 1,812 5.10 0.5755
2021-02-16 2020-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 13,695 3,309 31.86 1,724 36.39 0.6098
2020-11-16 2020-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 10,386 2,840 37.64 1,264 38.75 0.5144
2020-08-12 2020-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 7,546 -105 -1.37 911 7.30 0.3862
2020-05-13 2020-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 7,651 4,210 122.35 849 84.16 0.4310
2020-02-12 2019-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 3,441 300 9.55 461 0.88 0.1799
2019-11-14 2019-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 3,141 135 4.49 457 10.12 0.1709
2019-08-14 2019-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 3,006 -620 -17.10 415 -18.95 0.1549
2019-05-13 2019-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 3,626 -1,900 -34.38 512 -18.47 0.1885
2019-05-10 2018-12-31 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 5,526 -850 -13.33 628 -34.85 0.2585
2019-02-13 2018-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 5,526 -850 628
2019-05-10 2018-09-30 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 6,376 -15 -0.23 964 7.95 0.3402
2018-11-13 2018-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 6,376 -15 964
2019-05-10 2018-06-30 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 6,391 325 5.36 893 -4.08 0.3188
2018-08-14 2018-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 6,391 325 893
2019-05-10 2018-03-31 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 6,066 0 0.00 931 0.00 0.3429
2018-05-14 2018-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 6,066 0 931
2018-02-13 2017-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 6,066 -89 -1.45 931 4.26 0.3402
2017-11-13 2017-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 6,155 -517 -7.75 893 -12.96 0.0023
2017-08-10 2017-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 6,672 -250 -3.61 1,026 -14.85 0.4047
2017-05-15 2017-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 6,922 0 0.00 1,205 4.87 0.4899
2017-02-13 2016-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 6,922 -550 -7.36 1,149 -3.20 0.4871
2016-11-10 2016-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 7,472 800 11.99 1,187 17.18 0.5059
2016-08-12 2016-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 6,672 35 0.53 1,013 0.80 0.4263
2016-05-11 2016-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 6,637 75 1.14 1,005 11.30 0.4300
2016-02-11 2015-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 6,562 0 0.00 903 -5.05 0.3998
2015-11-12 2015-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 6,562 100 1.55 951 -9.51 0.4413
2015-08-13 2015-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 6,462 0 0.00 1,051 1.35 0.4502
2015-05-13 2015-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 6,462 -4,227 -39.55 1,037 -39.53 0.4204
2015-02-13 2014-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 10,689 -79 -0.73 1,715 -16.10 0.5776
2014-11-13 2014-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 10,768 0 0.00 2,044 4.71 0.6966
2014-09-17 2014-06-30 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 10,768 -985 -8.38 1,952 -13.70 0.6740
2014-08-12 2014-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 10,768 1,952
2014-09-17 2014-03-31 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 11,753 175 1.51 2,262 4.14 0.7738
2014-05-14 2014-03-31 13F INTERNATIONAL BUS MACH COM COM 459200101 11,753 2,262
2014-09-17 2013-12-31 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 11,578 6,794 142.02 2,172 145.15 0.7628
2014-02-13 2013-12-31 13F INTERNATIONAL BUS MACH COM COM 459200101 11,578 2,172
2014-09-17 2013-09-30 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 4,784 -90 -1.85 886 -4.83 0.3051
2013-11-12 2013-09-30 13F INTERNATIONAL BUS MACH COM COM 459200101 4,784 886
2013-08-16 2013-06-30 13F/A-1 INTERNATIONAL BUS MACH COM COM 459200101 4,874 0 931 0.3554
2014-09-17 2013-06-30 13F/A-2 INTERNATIONAL BUS MACH COM COM 459200101 4,874 4,874 931 0.3231
2013-08-12 2013-06-30 13F INTERNATIONAL BUS MACH COM COM 459200101 4,874 931 0.3560
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.