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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 18 of 26  ·  508 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
341 SAP SAP SE Technology 45.0 $11K 0.00% NEW $242.91 -33.1%
342 CMCSA COMCAST CORP NEW Communication Services 365.0 $11K 0.00% NEW $29.89 -20.4%
343 MGK VANGUARD WORLD FD 26.0 $11K 0.00% NEW $412.77 -78.9%
344 ADI ANALOG DEVICES INC Technology 39.0 $11K 0.00% NEW $271.21 +39.1%
345 WING WINGSTOP INC Consumer Cyclical 44.0 $10K 0.00% NEW $238.50 -26.6%
346 VEU VANGUARD INTL EQUITY INDEX F 140.0 $10K 0.00% NEW $73.56 +12.8%
347 SPYM SPDR SERIES TRUST 128.0 $10K 0.00% NEW $80.22 +9.3%
348 TROW PRICE T ROWE GROUP INC Financial Services 100.0 $10K 0.00% NEW $102.38 +15.8%
349 AEP AMERICAN ELEC PWR CO INC Utilities 86.0 $10K NEW $115.31 +20.1%
350 UTG REAVES UTIL INCOME FD Financial Services 267.0 $10K NEW $36.58 +8.9%
351 HTGC HERCULES CAPITAL INC Financial Services 517.0 $10K NEW $18.82 -15.2%
352 TT TRANE TECHNOLOGIES PLC Industrials 25.0 $10K NEW $389.20 +22.8%
353 STZ CONSTELLATION BRANDS INC Consumer Defensive 70.0 $10K NEW $137.96 -0.4%
354 NVO NOVO-NORDISK A S Healthcare 186.0 $9K NEW $50.88 -0.9%
355 AME AMETEK INC Industrials 46.0 $9K NEW $205.30 +14.3%
356 WM WASTE MGMT INC DEL Industrials 42.0 $9K NEW $219.71 +2.0%
357 LTC LTC PPTYS INC Real Estate 261.0 $9K NEW $34.38 +14.3%
358 ICLR ICON PLC Healthcare 48.0 $9K NEW $182.23 -5.0%
359 DT DYNATRACE INC Technology 200.0 $9K NEW $43.34 +3.3%
360 QQQM INVESCO EXCH TRADED FD TR II 34.0 $9K NEW $252.91 +16.0%
Page 18 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%