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Portfolio (Quarterly) Guide ↗

ALERUS FINANCIAL NA

· CIK 0000919458
13F Portfolio $2.0B AUM 513 positions Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 508 New
Page 19 of 26  ·  508 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
361 IVT INVENTRUST PPTYS CORP Real Estate 300.0 $8K NEW $28.21 +26.1%
362 AIZ ASSURANT INC Financial Services 35.0 $8K NEW $240.86 +16.0%
363 FISV FISERV INC Technology 125.0 $8K NEW $67.17 -22.1%
364 ATO ATMOS ENERGY CORP Utilities 50.0 $8K NEW $167.64 +5.5%
365 IGSB ISHARES TR 156.0 $8K NEW $52.88 -1.2%
366 DOV DOVER CORP Industrials 42.0 $8K NEW $195.24 +9.5%
367 PGR PROGRESSIVE CORP Financial Services 36.0 $8K NEW $227.72 +2.0%
368 PII POLARIS INC Consumer Cyclical 127.0 $8K NEW $63.25 -0.2%
369 ELV ELEVANCE HEALTH INC FORMERLY Healthcare 22.0 $8K NEW $350.55 +19.2%
370 SLB SLB LIMITED Energy 200.0 $8K NEW $38.38 +17.6%
371 ACGL ARCH CAP GROUP LTD Financial Services 80.0 $8K NEW $95.92 +6.5%
372 ITW ILLINOIS TOOL WKS INC Industrials 31.0 $8K NEW $246.29 +10.7%
373 IEFA ISHARES TR 85.0 $8K NEW $89.46 +8.8%
374 THC TENET HEALTHCARE CORP Healthcare 38.0 $8K NEW $198.71 +2.5%
375 DWLD DAVIS FUNDAMENTAL ETF TR 159.0 $7K NEW $46.64 +0.4%
376 IBIT ISHARES BITCOIN TRUST ETF Financial Services 148.0 $7K NEW $49.65 -29.8%
377 HIG HARTFORD INSURANCE GROUP INC Financial Services 53.0 $7K NEW $137.79 +0.0%
378 RNAC CARTESIAN THERAPEUTICS INC Healthcare 1,000.0 $7K NEW $7.21 +46.9%
379 ZTS ZOETIS INC Healthcare 57.0 $7K NEW $125.82 -42.4%
380 FOCT FIRST TR EXCHNG TRADED FD VI 145.0 $7K NEW $48.99 +6.8%
Page 19 of 26  ·  508 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 32.7%
Financial Services 20.5%
Communication Services 10.0%
Healthcare 9.3%
Industrials 8.9%
Consumer Cyclical 7.7%
Consumer Defensive 3.1%
Energy 2.8%
Utilities 2.5%
Basic Materials 1.6%