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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 20 of 26  ·  508 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
381 PSLV SPROTT ASSET MANAGEMENT LP Financial Services 300.0 $7K NEW $23.65 -17.8%
382 CVS CVS HEALTH CORP Healthcare 89.0 $7K NEW $79.36 +32.0%
383 DLTR DOLLAR TREE INC Consumer Defensive 57.0 $7K NEW $123.02 +0.8%
384 XLY SELECT SECTOR SPDR TR 58.0 $7K NEW $119.41 -1.9%
385 CLF CLEVELAND-CLIFFS INC NEW Basic Materials 514.0 $7K NEW $13.28 -25.8%
386 M MACYS INC Consumer Cyclical 297.0 $7K NEW $22.05 +5.4%
387 VTRS VIATRIS INC Healthcare 509.0 $6K NEW $12.45 +34.1%
388 EXACT SCIENCES CORP 60.0 $6K NEW $101.57
389 MOD MODINE MFG CO Consumer Cyclical 45.0 $6K NEW $133.51 +73.0%
390 FPE FIRST TR EXCH TRADED FD III 325.0 $6K NEW $18.22 -1.5%
391 PECO PHILLIPS EDISON & CO INC Real Estate 166.0 $6K NEW $35.57 +18.2%
392 CMS CMS ENERGY CORP Utilities 84.0 $6K NEW $69.93 +11.2%
393 NDAQ NASDAQ INC Financial Services 60.0 $6K NEW $97.13 -12.8%
394 AJG GALLAGHER ARTHUR J & CO Financial Services 22.0 $6K NEW $258.77 -2.4%
395 AMR ALPHA METALLURGICAL RESOUR I Energy 28.0 $6K NEW $199.89 -20.0%
396 ANNALY CAPITAL MANAGEMENT IN 250.0 $6K NEW $22.36
397 CRM SALESFORCE INC Technology 21.0 $6K NEW $264.90 -37.3%
398 CTRA COTERRA ENERGY INC Energy 208.0 $5K NEW $26.32 +23.7%
399 VICI VICI PPTYS INC Real Estate 192.0 $5K NEW $28.12 -3.3%
400 IYR ISHARES TR 57.0 $5K NEW $93.89 +10.8%
Page 20 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%