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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 2 of 5  ·  96 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 COST COSTCO WHOLESALE CORPORATION Consumer Defensive 4,264.0 $4.2M 0.21% +389.0 +10.0% $996.43 +4.5%
22 V VISA INC Financial Services 13,427.0 $4.1M 0.20% +4K +40.9% $302.24 +6.7%
23 ORCL ORACLE CORP Technology 25,584.0 $3.8M 0.19% +3K +11.3% $147.11 +33.0%
24 PM PHILIP MORRIS INTL INC Consumer Defensive 22,640.0 $3.7M 0.18% +120.0 +0.5% $165.34 +16.0%
25 PANW PALO ALTO NETWORKS INC Technology 18,458.0 $3.0M 0.15% +4K +27.5% $160.32 +48.6%
26 MCD MCDONALDS CORP Consumer Cyclical 8,892.0 $2.8M 0.14% +4K +66.5% $310.79 -11.5%
27 KO COCA COLA CO Consumer Defensive 36,297.0 $2.8M 0.14% +18K +94.5% $76.05 +5.8%
28 AMD ADVANCED MICRO DEVICES INC Technology 12,997.0 $2.6M 0.13% +10K +354.8% $203.43 +108.5%
29 MCHP MICROCHIP TECHNOLOGY INC. Technology 31,080.0 $2.0M 0.10% +8K +36.3% $64.61 +50.2%
30 UPS UNITED PARCEL SVCS INC Industrials 19,077.0 $1.9M 0.09% +4K +30.1% $98.38 +0.0%
31 DOW DOW HLDGS INC Basic Materials 44,127.0 $1.8M 0.09% +43K +4260.4% $41.65 -6.9%
32 EOG EOG RES INC Energy 12,201.0 $1.8M 0.09% +12K +1933.5% $144.57 -5.9%
33 MET METLIFE INC Financial Services 24,589.0 $1.7M 0.09% +980.0 +4.2% $70.72 +12.0%
34 RTX RTX CORPORATION Industrials 8,675.0 $1.7M 0.08% +8K +2042.0% $192.90 -8.9%
35 TXN TEXAS INSTRS INC Technology 7,940.0 $1.5M 0.08% +5K +203.4% $194.14 +57.8%
36 COP CONOCOPHILLIPS Energy 11,596.0 $1.5M 0.08% +10K +659.4% $132.00 -9.9%
37 DE DEERE & CO Industrials 2,711.0 $1.5M 0.08% +567.0 +26.4% $563.30 +2.0%
38 PLTR PALANTIR TECHNOLOGIES INC Technology 9,944.0 $1.5M 0.07% +9K +1611.5% $146.28 -8.6%
39 LMT LOCKHEED MARTIN CORP Industrials 2,358.0 $1.4M 0.07% +2K +678.2% $604.39 -13.9%
40 PFE PFIZER INC Healthcare 48,583.0 $1.4M 0.07% +47K +2708.3% $28.08 -8.3%
Page 2 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%