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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 8  ·  146 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 TMO THERMO FISHER SCIENTIFIC INC Healthcare 8,659.0 $4.3M 0.21% -497.0 -5.4% $491.53 -8.8%
42 BBY BEST BUY INC Consumer Cyclical 65,963.0 $4.2M 0.21% -10K -13.1% $64.20 -12.3%
43 SCHW SCHWAB CHARLES CORP Financial Services 45,018.0 $4.2M 0.21% -14K -23.9% $93.98 -4.8%
44 MLM MARTIN MARIETTA MATLS INC Basic Materials 6,833.0 $4.0M 0.20% -1K -16.8% $588.68 -2.3%
45 ROK ROCKWELL AUTOMATION INC Industrials 10,597.0 $3.8M 0.19% -4K -28.1% $358.88 +27.2%
46 BLK BLACKROCK INC Financial Services 3,742.0 $3.6M 0.18% -1K -21.3% $961.71 +12.5%
47 HAS HASBRO INC Consumer Cyclical 37,994.0 $3.6M 0.18% -10K -20.9% $93.60 +2.2%
48 URI UNITED RENTALS INC Industrials 4,651.0 $3.4M 0.17% -2K -25.4% $728.56 +33.5%
49 PFG PRINCIPAL FINANCIAL GROUP IN Financial Services 37,347.0 $3.4M 0.17% -20K -34.3% $90.11 +11.8%
50 MDT MEDTRONIC PLC Healthcare 37,961.0 $3.3M 0.16% -16K -29.8% $86.65 -11.2%
51 AMAT APPLIED MATLS INC Technology 9,548.0 $3.3M 0.16% -2K -20.6% $341.79 +27.7%
52 FITB FIFTH THIRD BANCORP Financial Services 69,263.0 $3.2M 0.16% -543.0 -0.8% $46.46 +2.7%
53 C CITIGROUP INC Financial Services 27,660.0 $3.1M 0.15% -152.0 -0.6% $113.41 +8.8%
54 IVV ISHARES TR 4,750.0 $3.1M 0.15% -35.0 -0.7% $653.21 +13.7%
55 WDC WESTERN DIGITAL CORP Technology 11,102.0 $3.0M 0.15% -6K -33.4% $270.49 +80.8%
56 SJM SMUCKER J M CO Consumer Defensive 29,839.0 $2.9M 0.14% -14K -32.0% $96.44 +3.9%
57 XLP SELECT SECTOR SPDR TR 34,831.0 $2.9M 0.14% -9K -19.6% $81.98 +3.2%
58 MS MORGAN STANLEY Financial Services 15,463.0 $2.5M 0.13% -2K -10.9% $164.57 +18.2%
59 SMG SCOTTS MIRACLE-GRO CO Basic Materials 40,701.0 $2.5M 0.12% -23K -36.2% $60.81 -2.9%
60 FAST FASTENAL CO Industrials 51,453.0 $2.4M 0.12% -20K -28.1% $46.40 -5.2%
Page 3 of 8  ·  146 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%