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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 11 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 SPGI S&P GLOBAL INC Financial Services 883.0 $376K 0.02% -236.0 -21.1% $425.34 -5.2%
202 QCOM QUALCOMM INC Technology 2,852.0 $367K 0.02% $128.78 +56.5%
203 BSJQ INVESCO EXCH TRD SLF IDX FD 15,428.0 $358K 0.02% +13K +500.3% $23.18 -0.4%
204 HCA HCA HEALTHCARE INC Healthcare 738.0 $349K 0.02% NEW $473.24 -10.6%
205 ABT ABBOTT LABORATORIES Healthcare 3,291.0 $338K 0.02% +967.0 +41.6% $102.67 -14.4%
206 NEM NEWMONT CORP Basic Materials 3,087.0 $334K 0.02% +2K +223.2% $108.25 +0.7%
207 FCX FREEPORT MCMORAN INC Basic Materials 5,609.0 $330K 0.02% -500.0 -8.2% $58.78 +7.2%
208 VXF VANGUARD INDEX FDS 1,575.0 $324K 0.02% $205.80 +8.8%
209 PEP PEPSICO INC Consumer Defensive 2,083.0 $323K 0.02% +963.0 +86.0% $155.29 -4.0%
210 EMR EMERSON ELEC CO Industrials 2,467.0 $323K 0.02% $131.02 +1.5%
211 BUFR FIRST TR EXCHNG TRADED FD VI 9,548.0 $322K 0.02% NEW $33.77 +6.9%
212 XLK SELECT SECTOR SPDR TR 2,156.0 $287K 0.01% -20.0 -0.9% $132.90 +31.2%
213 DVN DEVON ENERGY CORP NEW Energy 5,202.0 $262K 0.01% +5K +4544.6% $50.32 -1.6%
214 RY ROYAL BK CDA Financial Services 1,599.0 $259K 0.01% $161.78 +13.4%
215 CHRW C H ROBINSON WORLDWIDE IN Industrials 1,525.0 $253K 0.01% $166.07 +2.2%
216 EXPE EXPEDIA GROUP INC Consumer Cyclical 1,090.0 $252K 0.01% $230.89 -5.7%
217 HLT HILTON WORLDWIDE HLDGS INC Consumer Cyclical 825.0 $251K 0.01% +779.0 +1693.5% $304.08 +4.0%
218 AIG AMERICAN INTL GROUP INC Financial Services 3,328.0 $250K 0.01% NEW $75.25 +4.1%
219 PSA PUBLIC STORAGE OPER CO Real Estate 899.0 $244K 0.01% NEW $270.88 +8.0%
220 ENTERGY CORP NEW 2,035.0 $229K 0.01% NEW $112.36
Page 11 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%