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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 17 of 26  ·  508 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
321 AMGN AMGEN INC Healthcare 47.0 $15K 0.00% NEW $327.32 +14.3%
322 CMI CUMMINS INC Industrials 30.0 $15K 0.00% NEW $510.47 +29.6%
323 ULTA ULTA BEAUTY INC Consumer Cyclical 25.0 $15K 0.00% NEW $605.00 -23.7%
324 HIPPO HLDGS INC 500.0 $15K 0.00% NEW $30.08
325 BTU PEABODY ENERGY CORP Energy 500.0 $15K 0.00% NEW $29.70 -24.9%
326 APD AIR PRODS & CHEMS INC Basic Materials 60.0 $15K 0.00% NEW $247.02 +27.2%
327 ENVA ENOVA INTL INC Financial Services 92.0 $14K 0.00% NEW $157.20 +49.6%
328 EQT EQT CORP Energy 250.0 $13K 0.00% NEW $53.60 -1.8%
329 HLT HILTON WORLDWIDE HLDGS INC Consumer Cyclical 46.0 $13K 0.00% NEW $287.26 +17.7%
330 YUM YUM BRANDS INC Consumer Cyclical 85.0 $13K 0.00% NEW $151.28 +6.8%
331 GSEW GOLDMAN SACHS ETF TR 151.0 $13K 0.00% NEW $85.12 +11.9%
332 IQVIA HLDGS INC 56.0 $13K 0.00% NEW $225.41
333 KR KROGER CO Consumer Defensive 200.0 $12K 0.00% NEW $62.48 -6.8%
334 MAIN MAIN STR CAP CORP Financial Services 206.0 $12K 0.00% NEW $60.39 -14.0%
335 RCL ROYAL CARIBBEAN GROUP Consumer Cyclical 44.0 $12K 0.00% NEW $278.91 +6.2%
336 ODFL OLD DOMINION FREIGHT LINE IN Industrials 78.0 $12K 0.00% NEW $156.79 +38.8%
337 DB DEUTSCHE BANK A G Financial Services 300.0 $12K 0.00% NEW $38.56 -7.0%
338 AUR AURORA INNOVATION INC Technology 3,000.0 $12K 0.00% NEW $3.84 +72.7%
339 ITOT ISHARES TR 75.0 $11K 0.00% NEW $148.69 +10.1%
340 MSI MOTOROLA SOLUTIONS INC Technology 29.0 $11K 0.00% NEW $383.31 +10.3%
Page 17 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%