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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 15 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 BSCR INVESCO EXCH TRD SLF IDX FD 3,830.0 $75K 0.00% -3K -40.0% $19.63 -0.2%
282 STE STERIS PLC Healthcare 333.0 $74K 0.00% -15.0 -4.3% $221.13 -4.1%
283 BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 1,043.0 $72K 0.00% -31.0 -2.9% $69.37 +17.2%
284 VNQ VANGUARD INDEX FDS 786.0 $70K 0.00% $88.70 +7.1%
285 TJX TJX COS INC NEW Consumer Cyclical 427.0 $68K 0.00% +16.0 +3.9% $159.70 -7.7%
286 AON AON PLC Financial Services 206.0 $66K 0.00% -14.0 -6.4% $322.78 +1.2%
287 SYY SYSCO CORP Consumer Defensive 907.0 $65K 0.00% -179.0 -16.5% $71.33 +1.7%
288 SNAP SNAP INC Communication Services 13,897.0 $64K 0.00% -173K -92.5% $4.60 +20.2%
289 BSCS INVESCO EXCH TRD SLF IDX FD 3,088.0 $63K 0.00% -2K -44.3% $20.42 -0.4%
290 BSJR INVESCO EXCH TRD SLF IDX FD 2,791.0 $62K 0.00% $22.37 -0.3%
291 DAL DELTA AIR LINES INC Industrials 900.0 $60K 0.00% $66.48 +5.6%
292 VBR VANGUARD INDEX FDS 274.0 $60K 0.00% $217.25 +5.1%
293 BMRN BIOMARIN PHARMACEUTICAL INC Healthcare 1,000.0 $56K 0.00% $56.49 -12.1%
294 VUG VANGUARD INDEX FDS 129.0 $56K 0.00% $436.79 -80.1%
295 CME CME GROUP INC Financial Services 190.0 $56K 0.00% -6.0 -3.1% $295.35 +3.3%
296 VGSH VANGUARD SCOTTSDALE FDS 947.0 $55K 0.00% NEW $58.54 -0.6%
297 MDLZ MONDELEZ INTL INC Consumer Defensive 954.0 $55K 0.00% -104.0 -9.8% $57.64 +4.9%
298 ROST ROSS STORES INC Consumer Cyclical 248.0 $54K 0.00% $216.63 -1.8%
299 BDX BECTON DICKINSON & CO Healthcare 336.0 $53K 0.00% $157.23 -9.5%
300 RJF RAYMOND JAMES FINL INC Financial Services 362.0 $52K 0.00% $144.79 +6.4%
Page 15 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%