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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 6 of 8  ·  146 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 BSCR INVESCO EXCH TRD SLF IDX FD 3,830.0 $75K 0.00% -3K -40.0% $19.63 +0.2%
102 STE STERIS PLC Healthcare 333.0 $74K 0.00% -15.0 -4.3% $221.13 -2.3%
103 BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 1,043.0 $72K 0.00% -31.0 -2.9% $69.37 +16.4%
104 AON AON PLC Financial Services 206.0 $66K 0.00% -14.0 -6.4% $322.78 -1.7%
105 SYY SYSCO CORP Consumer Defensive 907.0 $65K 0.00% -179.0 -16.5% $71.33 +2.4%
106 SNAP SNAP INC Communication Services 13,897.0 $64K 0.00% -173K -92.5% $4.60 +16.5%
107 BSCS INVESCO EXCH TRD SLF IDX FD 3,088.0 $63K 0.00% -2K -44.3% $20.42 -0.1%
108 CME CME GROUP INC Financial Services 190.0 $56K 0.00% -6.0 -3.1% $295.35 +1.2%
109 MDLZ MONDELEZ INTL INC Consumer Defensive 954.0 $55K 0.00% -104.0 -9.8% $57.64 +5.8%
110 ATR APTARGROUP INC Healthcare 403.0 $51K 0.00% -217.0 -35.0% $126.02 -9.0%
111 KKR KKR & CO INC Financial Services 505.0 $47K 0.00% -911.0 -64.3% $92.50 +7.6%
112 SHEL SHELL PLC Energy 463.0 $43K 0.00% -51.0 -9.9% $93.00 -9.1%
113 LULU LULULEMON ATHLETICA INC Consumer Cyclical 250.0 $38K 0.00% -316.0 -55.8% $153.10 -20.9%
114 SANDISK CORP 49.0 $31K 0.00% -90.0 -64.8% $635.35
115 RALLIANT CORP 690.0 $29K 0.00% -16.0 -2.3% $41.59
116 XLF SELECT SECTOR SPDR TR 502.0 $25K 0.00% -127.0 -20.2% $49.37 +3.6%
117 BHP BHP BILLITON LIMITED Basic Materials 333.0 $24K 0.00% -11.0 -3.2% $72.74 +16.0%
118 IWF ISHARES TR 56.0 $24K 0.00% -3.0 -5.1% $426.39 -70.8%
119 GLD SPDR GOLD TR Financial Services 51.0 $22K 0.00% -4.0 -7.3% $430.29 -0.7%
120 IWY ISHARES TR 88.0 $22K 0.00% -15.0 -14.6% $248.84 +17.5%
Page 6 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%