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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 7 of 8  ·  146 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 VST VISTRA CORP Utilities 121.0 $18K 0.00% -241.0 -66.6% $150.33 -5.6%
122 PYPL PAYPAL HLDGS INC Financial Services 360.0 $16K 0.00% -250.0 -41.0% $45.23 -0.4%
123 CMI CUMMINS INC Industrials 29.0 $16K 0.00% -1.0 -3.3% $538.03 +33.2%
124 AMGN AMGEN INC Healthcare 37.0 $13K 0.00% -10.0 -21.3% $351.84 -7.3%
125 GDX VANECK ETF TRUST 116.0 $11K 0.00% -66.0 -36.3% $91.77 -4.8%
126 ZTS ZOETIS INC Healthcare 55.0 $7K -2.0 -3.5% $118.22 -36.2%
127 IQVIA HLDGS INC 37.0 $6K -19.0 -33.9% $170.54
128 IEFA ISHARES TR 64.0 $6K -21.0 -24.7% $90.53 +5.2%
129 AMT AMERICAN TOWER CORP Real Estate 32.0 $6K -187.0 -85.4% $172.59 -1.1%
130 ACGL ARCH CAP GROUP LTD Financial Services 54.0 $5K -26.0 -32.5% $95.98 -2.1%
131 EFV ISHARES TR 67.0 $5K -2.0 -2.9% $74.34 +3.9%
132 ODFL OLD DOMINION FREIGHT LINE IN Industrials 24.0 $5K -54.0 -69.2% $195.42 +1.7%
133 QUAL ISHARES TR 22.0 $4K -2.0 -8.3% $191.82 +9.7%
134 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 114.0 $4K -1K -92.1% $32.01 +2.0%
135 MKC MCCORMICK & CO INC Consumer Defensive 50.0 $3K -320.0 -86.5% $50.44 -7.8%
136 IEMG ISHARES INC 24.0 $2K -43.0 -64.2% $69.75 +14.0%
137 RYANAIR HOLDINGS PLC 26.0 $2K -41.0 -61.2% $57.81
138 SOLV SOLVENTUM CORP Healthcare 22.0 $1K -8.0 -26.7% $65.32 +13.9%
139 WING WINGSTOP INC Consumer Cyclical 6.0 $930.0 -38.0 -86.4% $155.00 -23.3%
140 IWD ISHARES TR 4.0 $855.0 -4.0 -50.0% $213.75 +8.6%
Page 7 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%