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Portfolio (Quarterly) Guide ↗

ALERUS FINANCIAL NA

· CIK 0000919458
13F Portfolio $2.0B AUM 513 positions Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 508 New
Page 15 of 26  ·  508 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 HAL HALLIBURTON CO Energy 945.0 $27K 0.00% NEW $28.26 +16.6%
282 TSM TAIWAN SEMICONDUCTOR MFG LTD Technology 85.0 $26K 0.00% NEW $303.89 +42.9%
283 MKC MCCORMICK & CO INC Consumer Defensive 370.0 $25K 0.00% NEW $68.11 -21.5%
284 XME SPDR SERIES TRUST 240.0 $25K 0.00% NEW $103.61 +1.5%
285 UGI UGI CORP NEW Utilities 645.0 $24K 0.00% NEW $37.43 -6.1%
286 VWO VANGUARD INTL EQUITY INDEX F 447.0 $24K 0.00% NEW $53.76 +9.8%
287 DOW DOW INC Basic Materials 1,012.0 $24K 0.00% NEW $23.38 +18.5%
288 ADP AUTOMATIC DATA PROCESSING IN Industrials 88.0 $23K 0.00% NEW $257.23 -5.8%
289 FYX FIRST TR EXCHANGE-TRADED ALP 200.0 $23K 0.00% NEW $113.14 +25.8%
290 DFUV DIMENSIONAL ETF TRUST 485.0 $23K 0.00% NEW $46.59 +17.7%
291 MDU MDU RES GROUP INC Industrials 1,155.0 $23K 0.00% NEW $19.52 +6.1%
292 RGLD ROYAL GOLD INC Basic Materials 100.0 $22K 0.00% NEW $222.29 -8.2%
293 ECG EVERUS CONSTR GROUP Industrials 255.0 $22K 0.00% NEW $85.56 +61.6%
294 GLD SPDR GOLD TR Financial Services 55.0 $22K 0.00% NEW $396.31 -4.6%
295 NKE NIKE INC Consumer Cyclical 339.0 $22K 0.00% NEW $63.71 -30.8%
296 XPH SPDR SERIES TRUST 375.0 $21K 0.00% NEW $56.01 +19.9%
297 BHP BHP GROUP LTD Basic Materials 344.0 $21K 0.00% NEW $60.37 +38.0%
298 VNOM VIPER ENERGY INC Energy 500.0 $19K 0.00% NEW $38.63 +6.7%
299 KNF KNIFE RIVER CORP Basic Materials 274.0 $19K 0.00% NEW $70.35 +20.7%
300 ANGLOGOLD ASHANTI PLC 225.0 $19K 0.00% NEW $85.28
Page 15 of 26  ·  508 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 32.7%
Financial Services 20.5%
Communication Services 10.0%
Healthcare 9.3%
Industrials 8.9%
Consumer Cyclical 7.7%
Consumer Defensive 3.1%
Energy 2.8%
Utilities 2.5%
Basic Materials 1.6%