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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 5 of 8  ·  146 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 OKTA OKTA INC Technology 5,904.0 $465K 0.02% -766.0 -11.5% $78.71 +3.0%
82 CB CHUBB LTD SWITZ Financial Services 1,311.0 $427K 0.02% -41.0 -3.0% $325.93 -0.5%
83 SPGI S&P GLOBAL INC Financial Services 883.0 $376K 0.02% -236.0 -21.1% $425.34 -5.0%
84 FCX FREEPORT MCMORAN INC Basic Materials 5,609.0 $330K 0.02% -500.0 -8.2% $58.78 +12.5%
85 XLK SELECT SECTOR SPDR TR 2,156.0 $287K 0.01% -20.0 -0.9% $132.90 +32.7%
86 FDX FEDEX CORP Industrials 575.0 $205K 0.01% -6.0 -1.0% $356.18 +6.7%
87 IBB ISHARES TR 1,206.0 $204K 0.01% -147.0 -10.9% $168.85 -1.2%
88 VXUS VANGUARD STAR FDS 2,586.0 $199K 0.01% -1K -34.7% $77.11 +7.8%
89 QSR RESTAURANT BRANDS INTL INC Consumer Cyclical 2,515.0 $186K 0.01% -454.0 -15.3% $73.90 +3.4%
90 EFA ISHARES TR 1,665.0 $162K 0.01% -88.0 -5.0% $97.13 +4.7%
91 VYM VANGUARD WHITEHALL FDS 1,087.0 $161K 0.01% -380.0 -25.9% $148.10 +5.2%
92 EQH EQUITABLE HLDGS INC Financial Services 3,717.0 $138K 0.01% -29K -88.7% $37.11 +14.6%
93 CLX CLOROX CO DEL Consumer Defensive 1,296.0 $134K 0.01% -304.0 -19.0% $103.63 -12.7%
94 FTV FORTIVE CORP Technology 2,227.0 $123K 0.01% -43.0 -1.9% $55.28 +6.6%
95 CSX CSX CORP Industrials 2,454.0 $101K 0.01% -150.0 -5.8% $41.05 +11.9%
96 EPD ENTERPRISE PRODS PARTNERS L Energy 2,600.0 $98K 0.01% -250.0 -8.8% $37.84 +3.7%
97 EQIX EQUINIX INC Real Estate 90.0 $88K 0.00% -25.0 -21.7% $980.24 +10.1%
98 IEF ISHARES TR 886.0 $85K 0.00% -36.0 -3.9% $95.44 -2.0%
99 GWW WW GRAINGER INC Industrials 75.0 $82K 0.00% -17.0 -18.5% $1090.81 +17.7%
100 ADBE ADOBE INC Technology 321.0 $78K 0.00% -8.0 -2.4% $243.08 +1.9%
Page 5 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%