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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 10 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 HON HONEYWELL INTL INC Industrials 2,457.0 $555K 0.03% +2K +398.4% $226.03 -5.7%
182 ECL ECOLAB INC Basic Materials 2,085.0 $555K 0.03% +991.0 +90.6% $266.02 -6.9%
183 BKNG BOOKING HOLDINGS INC Consumer Cyclical 131.0 $552K 0.03% +121.0 +1210.0% $4210.32 -96.3%
184 HIG HARTFORD INSURANCE GROUP INC Financial Services 3,996.0 $540K 0.03% +4K +7439.6% $135.23 -1.0%
185 NSC NORFOLK SOUTHN CORP Industrials 1,805.0 $518K 0.03% -18.0 -1.0% $287.00 +10.1%
186 ADI ANALOG DEVICES INC Technology 1,569.0 $499K 0.03% +2K +3923.1% $318.14 +31.6%
187 GEV GE VERNOVA INC Utilities 542.0 $473K 0.02% +201.0 +58.9% $872.90 +20.2%
188 IJR ISHARES TR 3,791.0 $471K 0.02% $124.31 +8.1%
189 CENTA CENTRAL GARDEN & PET CO Consumer Defensive 14,425.0 $468K 0.02% $32.42 +6.8%
190 OKTA OKTA INC Technology 5,904.0 $465K 0.02% -766.0 -11.5% $78.71 +5.2%
191 TRV TRAVELERS COMPANIES INC Financial Services 1,590.0 $464K 0.02% NEW $291.68 +2.8%
192 O REALTY INCOME CORP Real Estate 7,401.0 $453K 0.02% NEW $61.18 -0.1%
193 APH AMPHENOL CORP Technology 3,553.0 $449K 0.02% +4K +10000.0% $126.35 -3.7%
194 PGR PROGRESSIVE CORP Financial Services 2,235.0 $443K 0.02% +2K +6108.3% $198.24 +0.8%
195 CB CHUBB LTD SWITZ Financial Services 1,311.0 $427K 0.02% -41.0 -3.0% $325.93 +1.4%
196 CANADIAN PACIFIC KANSAS CITY 5,195.0 $409K 0.02% +4K +352.9% $78.66
197 AGG ISHARES TR 3,930.0 $390K 0.02% +4K +10000.0% $99.27 -1.3%
198 XEL XCEL ENERGY INC Utilities 4,854.0 $386K 0.02% $79.44 -1.9%
199 WELL WELLTOWER INC Real Estate 1,923.0 $380K 0.02% NEW $197.71 +8.1%
200 INTC INTEL CORP Technology 8,579.0 $379K 0.02% +2K +26.6% $44.13 +146.5%
Page 10 of 26  ·  510 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%