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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 17 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
321 DELL DELL TECHNOLOGIES INC Technology 219.0 $36K 0.00% $164.13 +47.5%
322 BANK AMERICA CORP 30.0 $36K 0.00% $1191.57
323 EXC EXELON CORP Utilities 685.0 $34K 0.00% $49.02 -11.5%
324 FNX FIRST TR EXCHANGE-TRADED ALP 258.0 $33K 0.00% $128.24 +5.8%
325 SANDISK CORP 49.0 $31K 0.00% -90.0 -64.8% $635.35
326 NBR NABORS INDUSTRIES LTD Energy 350.0 $30K 0.00% $86.06 +22.3%
327 ECG EVERUS CONSTR GROUP Industrials 255.0 $30K 0.00% $118.06 +32.7%
328 FEX FIRST TR EXCHANGE-TRADED ALP 244.0 $30K 0.00% $121.93 +6.3%
329 XCEM COLUMBIA ETF TR II 720.0 $29K 0.00% $40.81 +18.6%
330 MDY STATE STR SPDR S&P MIDCAP 40 Financial Services 47.0 $29K 0.00% $616.77 +6.7%
331 TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 85.0 $29K 0.00% $337.95 +19.6%
332 RALLIANT CORP 690.0 $29K 0.00% -16.0 -2.3% $41.59
333 BWEN BROADWIND INC Industrials 13,239.0 $28K 0.00% $2.08 +82.2%
334 XLF SELECT SECTOR SPDR TR 502.0 $25K 0.00% -127.0 -20.2% $49.37 +4.8%
335 BHP BHP BILLITON LIMITED Basic Materials 333.0 $24K 0.00% -11.0 -3.2% $72.74 +15.5%
336 VWO VANGUARD INTL EQUITY INDEX F 447.0 $24K 0.00% $54.05 +8.2%
337 MDU MDU RES GROUP INC Industrials 1,155.0 $24K 0.00% $20.72 +6.9%
338 IWF ISHARES TR 56.0 $24K 0.00% -3.0 -5.1% $426.39 -70.9%
339 FYX FIRST TR EXCHANGE-TRADED ALP 200.0 $24K 0.00% $119.36 +8.6%
340 DFUV DIMENSIONAL ETF TRUST 485.0 $24K 0.00% $48.46 +8.0%
Page 17 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%