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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 24 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
461 KLAC KLA CORP Technology 1.0 $1K $1472.00 +28.6%
462 MTUM ISHARES TR 6.0 $1K $240.00 +24.3%
463 SOLV SOLVENTUM CORP Healthcare 22.0 $1K -8.0 -26.7% $65.32 +13.9%
464 WBD WARNER BROS DISCOVERY INC Communication Services 50.0 $1K $27.46 -1.2%
465 GEHC GE HEALTHCARE TECHNOLOGIES I Healthcare 18.0 $1K $71.17 -11.9%
466 LUMN LUMEN TECHNOLOGIES INC Communication Services 169.0 $1K $6.95 +48.7%
467 IAU ISHARES GOLD TR Financial Services 13.0 $1K $88.15 -3.0%
468 IAC IAC INC Technology 28.0 $1K $40.04 -0.0%
469 KSS KOHLS CORP Consumer Cyclical 84.0 $1K $12.90 -7.6%
470 A AGILENT TECHNOLOGIES INC Healthcare 9.0 $1K $114.00 -2.0%
471 WING WINGSTOP INC Consumer Cyclical 6.0 $930.0 -38.0 -86.4% $155.00 -23.3%
472 IFRA ISHARES TR 16.0 $915.0 $57.19 +5.9%
473 PSX PHILLIPS 66 Energy 5.0 $911.0 $182.20 -5.9%
474 LPLA LPL FINL HLDGS INC Financial Services 3.0 $902.0 $300.67 -0.8%
475 IEO ISHARES TR 7.0 $874.0 $124.86 -3.8%
476 FFIV F5 INC Technology 3.0 $868.0 $289.33 +26.0%
477 IWD ISHARES TR 4.0 $855.0 -4.0 -50.0% $213.75 +8.6%
478 CORZ CORE SCIENTIFIC INC NEW Technology 48.0 $718.0 $14.96 +66.6%
479 MAR MARRIOTT INTL INC NEW Consumer Cyclical 2.0 $654.0 $327.00 +8.1%
480 EMBC EMBECTA CORP Healthcare 72.0 $636.0 $8.83 -64.5%
Page 24 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%