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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 18 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
341 UGI UGI CORP NEW Utilities 645.0 $23K 0.00% $36.42 -6.2%
342 KNF KNIFE RIVER CORP Basic Materials 274.0 $22K 0.00% $81.65 -7.6%
343 CHWY CHEWY INC Consumer Cyclical 825.0 $22K 0.00% $27.00 -21.7%
344 GLD SPDR GOLD TR Financial Services 51.0 $22K 0.00% -4.0 -7.3% $430.29 -2.4%
345 IWY ISHARES TR 88.0 $22K 0.00% -15.0 -14.6% $248.84 +17.3%
346 NTR NUTRIEN LTD Basic Materials 288.0 $22K 0.00% $75.46 -6.0%
347 ASML ASML HLDG NV Technology 16.0 $21K 0.00% $1320.81 +14.1%
348 Q QNITY ELECTRONICS INC Technology 181.0 $21K 0.00% NEW $115.38 +33.4%
349 LHX L3HARRIS TECHNOLOGIES INC Industrials 60.0 $21K 0.00% $345.15 -11.7%
350 GSK GSK PLC Healthcare 364.0 $20K 0.00% $55.19 -9.7%
351 VST VISTRA CORP Utilities 121.0 $18K 0.00% -241.0 -66.6% $150.33 -9.3%
352 NKE NIKE INC Consumer Cyclical 339.0 $18K 0.00% $52.82 -21.4%
353 XBI SPDR SERIES TRUST 140.0 $18K 0.00% $127.73 +1.7%
354 OXSQ OXFORD SQUARE CAP CORP Financial Services 10,000.0 $18K 0.00% $1.77 -7.4%
355 APD AIR PRODUCTS AND CHEMICALS I Basic Materials 60.0 $17K 0.00% $290.48 +0.9%
356 SCHG SCHWAB STRATEGIC TR 580.0 $17K 0.00% $29.13 +17.4%
357 AZO AUTOZONE INC Consumer Cyclical 5.0 $17K 0.00% $3377.80 -2.2%
358 PYPL PAYPAL HLDGS INC Financial Services 360.0 $16K 0.00% -250.0 -41.0% $45.23 -1.4%
359 FTXO FIRST TR EXCHANGE TRADED FD 450.0 $16K 0.00% $36.17 +3.3%
360 VTV VANGUARD INDEX FDS 82.0 $16K 0.00% $196.20 +5.4%
Page 18 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%