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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 4 of 8  ·  146 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 NXPI NXP SEMICONDUCTORS N V Technology 11,644.0 $2.3M 0.11% -3K -18.9% $196.86 +50.6%
62 IVW ISHARES TR 20,229.0 $2.3M 0.11% -2K -8.4% $113.11 +20.7%
63 XLB SELECT SECTOR SPDR TR 43,485.0 $2.2M 0.11% -12K -21.7% $49.97 +0.2%
64 BX BLACKSTONE INC Financial Services 18,340.0 $2.1M 0.10% -7K -27.5% $114.99 +1.1%
65 NOW SERVICENOW INC Technology 18,564.0 $1.9M 0.10% -11K -36.5% $104.55 -5.2%
66 VCIT VANGUARD SCOTTSDALE FDS 22,700.0 $1.9M 0.09% -17K -42.9% $82.75 -0.8%
67 ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 18,318.0 $1.7M 0.08% -7K -28.3% $92.31 -3.7%
68 STT STATE STR CORP Financial Services 13,195.0 $1.7M 0.08% -6K -31.7% $126.56 +20.5%
69 LIN LINDE PLC Basic Materials 3,315.0 $1.6M 0.08% -1K -28.2% $495.76 +2.0%
70 DD DUPONT DE NEMOURS INC Basic Materials 33,786.0 $1.5M 0.08% -20K -37.4% $45.80 +7.8%
71 VTR VENTAS INC Real Estate 16,698.0 $1.4M 0.07% -4K -19.9% $81.78 +7.8%
72 CEG CONSTELLATION ENERGY CORP Utilities 4,554.0 $1.3M 0.06% -625.0 -12.1% $279.25 -5.2%
73 ARM ARM HOLDINGS PLC Technology 8,256.0 $1.2M 0.06% -12K -59.3% $151.28 +38.9%
74 AXP AMERICAN EXPRESS CO Financial Services 3,407.0 $1.0M 0.05% -60.0 -1.7% $302.48 +3.0%
75 WCC WESCO INTL INC Industrials 3,756.0 $1.0M 0.05% -59.0 -1.6% $273.62 +30.4%
76 IWM ISHARES TR 3,522.0 $873K 0.04% -61.0 -1.7% $248.00 +12.0%
77 CMT CORE MOLDING TECHNOLOGIES IN Basic Materials 32,809.0 $735K 0.04% -1K -3.2% $22.40 +5.5%
78 BRBS BLUE RIDGE BANKSHARES INC VA Financial Services 151,148.0 $635K 0.03% -35K -18.8% $4.20 -21.7%
79 MRSH MARSH & MCLENNAN COS INC Financial Services 3,268.0 $567K 0.03% -786.0 -19.4% $173.45 -6.6%
80 NSC NORFOLK SOUTHN CORP Industrials 1,805.0 $518K 0.03% -18.0 -1.0% $287.00 +10.6%
Page 4 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%