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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 24 of 26  ·  508 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
461 AA ALCOA CORP Basic Materials 33.0 $2K NEW $53.15 -8.3%
462 KSS KOHLS CORP Consumer Cyclical 84.0 $2K NEW $20.40 -10.7%
463 IWD ISHARES TR 8.0 $2K NEW $210.38 +17.0%
464 CTVA CORTEVA INC Basic Materials 24.0 $2K NEW $67.04 +26.2%
465 MTUM ISHARES TR 6.0 $2K NEW $250.33 +26.2%
466 KRG KITE RLTY GROUP TR Real Estate 62.0 $1K NEW $23.97 +19.2%
467 GEHC GE HEALTHCARE TECHNOLOGIES I Healthcare 18.0 $1K NEW $82.00 -20.1%
468 WBD WARNER BROS DISCOVERY INC Communication Services 50.0 $1K NEW $28.82 -8.0%
469 PDBC INVESCO ACTVELY MNGD ETC FD 103.0 $1K NEW $13.25 +19.4%
470 LUMN LUMEN TECHNOLOGIES INC Communication Services 169.0 $1K NEW $7.77 -14.1%
471 A AGILENT TECHNOLOGIES INC Healthcare 9.0 $1K NEW $136.11 -2.5%
472 KLAC KLA CORP Technology 1.0 $1K NEW $1215.00 -80.6%
473 IAC IAC INC Technology 28.0 $1K NEW $39.11 +18.3%
474 LPLA LPL FINL HLDGS INC Financial Services 3.0 $1K NEW $357.33 -17.3%
475 IAU ISHARES GOLD TR Financial Services 13.0 $1K NEW $81.23 -4.7%
476 GOVT ISHARES TR 42.0 $967.0 NEW $23.02 -1.5%
477 EMBC EMBECTA CORP Healthcare 72.0 $855.0 NEW $11.88 -71.8%
478 IFRA ISHARES TR 16.0 $842.0 NEW $52.62 +17.5%
479 USHY ISHARES TR 22.0 $823.0 NEW $37.41 -1.3%
480 ARES ARES MANAGEMENT CORPORATION Financial Services 5.0 $808.0 NEW $161.60 -28.7%
Page 24 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%