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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 25 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
481 LYV LIVE NATION ENTERTAINMENT IN Communication Services 4.0 $610.0 $152.50 +11.5%
482 NVT NVENT ELEC PLC Industrials 5.0 $591.0 $118.20 +47.2%
483 EMB ISHARES TR 6.0 $564.0 $94.00 +0.8%
484 ARES ARES MANAGEMENT CORPORATION Financial Services 5.0 $546.0 $109.20 +13.0%
485 VSNT VERSANT MEDIA GROUP INC Industrials 14.0 $518.0 NEW $37.00 +20.1%
486 OGN ORGANON & CO Healthcare 81.0 $485.0 $5.99 +123.1%
487 MOAT VANECK ETF TRUST 5.0 $484.0 $96.80 +2.6%
488 GOVT ISHARES TR 21.0 $481.0 -21.0 -50.0% $22.90 -1.5%
489 SCZ ISHARES TR 6.0 $470.0 $78.33 +7.5%
490 ACH ACCENDRA HEALTH INC Healthcare 167.0 $381.0 $2.28 +27.6%
491 EFAV ISHARES TR 4.0 $365.0 -4.0 -50.0% $91.25 -1.1%
492 XAR SPDR SERIES TRUST 1.0 $254.0 NEW $254.00 +2.6%
493 PHYL PGIM ETF TR 6.0 $208.0 $34.67 +0.8%
494 SPYG SPDR SERIES TRUST 2.0 $196.0 -44.0 -95.7% $98.00 +20.8%
495 CANOPY GROWTH CORPORATION 200.0 $190.0 $0.95
496 VOE VANGUARD INDEX FDS 1.0 $184.0 -1.0 -50.0% $184.00 +3.6%
497 MAT MATTEL INC Consumer Cyclical 12.0 $174.0 $14.50 +4.2%
498 SLVM SYLVAMO CORP Basic Materials 4.0 $169.0 $42.25 -8.4%
499 JEF JEFFERIES FINANCIAL GROUP IN Financial Services 3.0 $124.0 -445.0 -99.3% $41.33 +28.1%
500 CVM CEL-SCI CORP Healthcare 38.0 $122.0 $3.21 -55.5%
Page 25 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%