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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 3 of 3  ·  54 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 SHW SHERWIN WILLIAMS CO Basic Materials 269.0 $86K 0.00% NEW $320.55 -3.5%
42 JPLD J P MORGAN EXCHANGE TRADED F 1,529.0 $80K 0.00% NEW $52.19 -0.2%
43 PULS PGIM ETF TR 1,542.0 $76K 0.00% NEW $49.50 +0.3%
44 VGSH VANGUARD SCOTTSDALE FDS 947.0 $55K 0.00% NEW $58.54 -0.6%
45 BSV VANGUARD BD INDEX FDS 646.0 $51K 0.00% NEW $78.41 -0.8%
46 VUSB VANGUARD BD INDEX FDS 985.0 $49K 0.00% NEW $49.78 -0.2%
47 Q QNITY ELECTRONICS INC Technology 181.0 $21K 0.00% NEW $115.38 +42.2%
48 WAT WATERS CORP Healthcare 44.0 $13K 0.00% NEW $297.80 +11.9%
49 PUTNAM ETF TRUST 1,180.0 $10K 0.00% NEW $8.73
50 SOLS SOLSTICE ADVANCED MATLS INC Basic Materials 115.0 $9K NEW $76.16 +14.0%
51 VSNT VERSANT MEDIA GROUP INC Industrials 14.0 $518.0 NEW $37.00 +20.1%
52 XAR SPDR SERIES TRUST 1.0 $254.0 NEW $254.00 +2.6%
53 PCOR PROCORE TECHNOLOGIES INC Technology 1.0 $57.0 NEW $57.00 -18.3%
54 GAP GAP INC Consumer Cyclical 1.0 $24.0 NEW $24.00 -11.5%
Page 3 of 3  ·  54 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%