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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 16 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
301 AVDV AMERICAN CENTY ETF TR 520.0 $52K 0.00% $99.86 +8.5%
302 BA BOEING CO Industrials 257.0 $51K 0.00% $199.03 +10.8%
303 ATR APTARGROUP INC Healthcare 403.0 $51K 0.00% -217.0 -35.0% $126.02 -8.1%
304 BSV VANGUARD BD INDEX FDS 646.0 $51K 0.00% NEW $78.41 -0.8%
305 XLI SELECT SECTOR SPDR TR 312.0 $50K 0.00% $161.73 +5.6%
306 PNW PINNACLE WEST CAP CORP Utilities 489.0 $49K 0.00% $100.75 -2.3%
307 VUSB VANGUARD BD INDEX FDS 985.0 $49K 0.00% NEW $49.78 -0.2%
308 AMP AMERIPRISE FINL INC Financial Services 106.0 $47K 0.00% $444.40 +6.0%
309 KKR KKR & CO INC Financial Services 505.0 $47K 0.00% -911.0 -64.3% $92.50 +4.8%
310 TRGP TARGA RES CORP Energy 186.0 $47K 0.00% $250.73 +8.5%
311 ET ENERGY TRANSFER L P Energy 2,400.0 $46K 0.00% $19.30 +4.4%
312 FDL FIRST TR EXCHANGE-TRADED FD 900.0 $46K 0.00% $50.80 -1.3%
313 TKO TKO GROUP HOLDINGS INC Communication Services 219.0 $44K 0.00% $201.65 -5.7%
314 SHEL SHELL PLC Energy 463.0 $43K 0.00% -51.0 -9.9% $93.00 -8.2%
315 NVS NOVARTIS AG Healthcare 281.0 $43K 0.00% $152.75 -3.1%
316 BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 336.0 $42K 0.00% $125.46 +6.2%
317 SLV ISHARES SILVER TR Financial Services 608.0 $41K 0.00% $68.14 +2.6%
318 LULU LULULEMON ATHLETICA INC Consumer Cyclical 250.0 $38K 0.00% -316.0 -55.8% $153.10 -22.2%
319 HAL HALLIBURTON CO Energy 945.0 $37K 0.00% $38.99 +7.1%
320 EA ELECTRONIC ARTS INC Communication Services 177.0 $36K 0.00% $203.87 -1.6%
Page 16 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%