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Portfolio (Quarterly) Guide ↗

ALERUS FINANCIAL NA

· CIK 0000919458
13F Portfolio $2.0B AUM 515 positions Filed May 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 54 New 96 Added 146 Reduced 52 Exited
Page 1 of 5  ·  96 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 VOO VANGUARD INDEX FDS 758,535.0 $453.3M 22.44% +5K +0.7% $597.55 +13.7%
2 IWR ISHARES TR 979,450.0 $95.2M 4.71% +17K +1.8% $97.23 +6.6%
3 VCRB VANGUARD MALVERN FDS 948,779.0 $73.4M 3.63% +12K +1.3% $77.38 -1.1%
4 VCLT VANGUARD SCOTTSDALE FDS 408,354.0 $30.5M 1.51% +17K +4.4% $74.72 -1.2%
5 VCSH VANGUARD SCOTTSDALE FDS 272,285.0 $21.6M 1.07% +19K +7.4% $79.27 -0.6%
6 XOM EXXON MOBIL CORP Energy 121,871.0 $20.7M 1.02% +4K +3.8% $169.66 -9.9%
7 META META PLATFORMS INC Communication Services 27,293.0 $15.6M 0.77% +429.0 +1.6% $572.13 +8.1%
8 JNJ JOHNSON & JOHNSON Healthcare 62,506.0 $15.3M 0.76% +5K +9.4% $244.44 -5.6%
9 CSCO CISCO SYS INC Technology 160,198.0 $12.4M 0.61% +24K +17.6% $77.59 +48.9%
10 VZ VERIZON COMMUNICATIONS INC Communication Services 239,532.0 $12.0M 0.59% +21K +9.7% $50.20 -6.3%
11 WMT WALMART INC Consumer Defensive 90,513.0 $11.2M 0.56% +1K +1.6% $124.28 +6.6%
12 BERKSHIRE HATHAWAY INC DEL 23,107.0 $11.1M 0.55% +1K +4.5% $479.20
13 TLT ISHARES TR 124,161.0 $10.8M 0.53% +6K +5.0% $86.69 -3.5%
14 ABBV ABBVIE INC Healthcare 44,234.0 $9.6M 0.48% +5K +11.3% $217.49 -3.3%
15 CVX CHEVRON CORPORATION Energy 41,183.0 $8.5M 0.42% +2K +5.5% $206.90 -9.8%
16 NFLX NETFLIX INC. Communication Services 81,792.0 $7.9M 0.39% +3K +4.1% $96.15 -9.6%
17 HD HOME DEPOT INC Consumer Cyclical 21,914.0 $7.2M 0.36% +3K +17.5% $328.89 -7.5%
18 MRK MERCK & CO INC Healthcare 53,203.0 $6.4M 0.32% +14K +35.0% $120.29 -5.7%
19 PG PROCTER & GAMBLE CO Consumer Defensive 42,390.0 $6.1M 0.30% +10K +30.2% $144.44 -1.2%
20 BAC BANK AMERICA CORP Financial Services 94,204.0 $4.6M 0.23% +29K +44.5% $48.75 +2.1%
Page 1 of 5  ·  96 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 30.5%
Financial Services 19.7%
Communication Services 10.0%
Healthcare 9.0%
Industrials 9.0%
Consumer Cyclical 7.6%
Energy 4.7%
Consumer Defensive 4.2%
Utilities 2.9%
Basic Materials 1.6%