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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 12 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 UNP UNION PAC CORP Industrials 922.0 $224K 0.01% +731.0 +382.7% $242.62 +11.5%
222 TT TRANE TECHNOLOGIES PLC Industrials 532.0 $222K 0.01% +507.0 +2028.0% $416.74 +12.0%
223 HBAN HUNTINGTON BANCSHARES INC Financial Services 13,818.0 $216K 0.01% NEW $15.65 -1.5%
224 SYK STRYKER CORPORATION Healthcare 649.0 $213K 0.01% $328.59 -6.6%
225 XLV SELECT SECTOR SPDR TR 1,422.0 $208K 0.01% $146.61 -0.6%
226 FDX FEDEX CORP Industrials 575.0 $205K 0.01% -6.0 -1.0% $356.18 +5.5%
227 IBB ISHARES TR 1,206.0 $204K 0.01% -147.0 -10.9% $168.85 -2.9%
228 GLW CORNING INC Technology 1,494.0 $203K 0.01% NEW $135.97 +41.1%
229 IVE ISHARES TR 951.0 $201K 0.01% $211.15 +6.5%
230 VXUS VANGUARD STAR FDS 2,586.0 $199K 0.01% -1K -34.7% $77.11 +8.3%
231 FXE INVESCO CURRENCYSHARES EURO Financial Services 1,861.0 $199K 0.01% $106.69 +0.8%
232 PWR QUANTA SVCS INC Industrials 358.0 $197K 0.01% NEW $549.02 +40.2%
233 NUE NUCOR CORP Basic Materials 1,114.0 $188K 0.01% $169.10 +34.3%
234 VICI VICI PPTYS INC Real Estate 6,815.0 $186K 0.01% +7K +3449.5% $27.32 +2.1%
235 QSR RESTAURANT BRANDS INTL INC Consumer Cyclical 2,515.0 $186K 0.01% -454.0 -15.3% $73.90 +2.6%
236 INTU INTUIT Technology 427.0 $185K 0.01% NEW $432.38 -9.1%
237 FISV FISERV INC Technology 3,300.0 $184K 0.01% +3K +2540.0% $55.80 -0.8%
238 FIX COMFORT SYS USA INC Industrials 133.0 $183K 0.01% NEW $1378.99 +44.5%
239 BURL BURLINGTON STORES INC Consumer Cyclical 550.0 $179K 0.01% $325.38 -10.8%
240 NDAQ NASDAQ INC Financial Services 2,064.0 $175K 0.01% +2K +3340.0% $84.89 +7.3%
Page 12 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%