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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 4 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 XLE SELECT SECTOR SPDR TR 79,535.0 $4.9M 0.24% -22K -21.3% $61.26 -2.9%
62 BSX BOSTON SCIENTIFIC CORP Healthcare 77,034.0 $4.8M 0.24% -7K -8.6% $62.75 -16.0%
63 XLU SELECT SECTOR SPDR TR 105,287.0 $4.8M 0.24% -24K -18.5% $45.89 -4.4%
64 SHOP SHOPIFY INC Technology 39,251.0 $4.7M 0.23% -5K -12.1% $118.62 -17.9%
65 BAC BANK AMERICA CORP Financial Services 94,204.0 $4.6M 0.23% +29K +44.5% $48.75 +2.1%
66 BK BANK NEW YORK MELLON CORP Financial Services 37,416.0 $4.4M 0.22% -7K -16.3% $118.63 +13.8%
67 STX SEAGATE TECHNOLOGY HLDNGS PL Technology 11,098.0 $4.3M 0.21% -83.0 -0.7% $391.76 +105.4%
68 WSO WATSCO INC Industrials 11,939.0 $4.3M 0.21% -444.0 -3.6% $363.79 +14.4%
69 TMO THERMO FISHER SCIENTIFIC INC Healthcare 8,659.0 $4.3M 0.21% -497.0 -5.4% $491.53 -8.8%
70 COST COSTCO WHOLESALE CORPORATION Consumer Defensive 4,264.0 $4.2M 0.21% +389.0 +10.0% $996.43 +4.5%
71 BBY BEST BUY INC Consumer Cyclical 65,963.0 $4.2M 0.21% -10K -13.1% $64.20 -12.3%
72 SCHW SCHWAB CHARLES CORP Financial Services 45,018.0 $4.2M 0.21% -14K -23.9% $93.98 -4.8%
73 V VISA INC Financial Services 13,427.0 $4.1M 0.20% +4K +40.9% $302.24 +6.7%
74 MLM MARTIN MARIETTA MATLS INC Basic Materials 6,833.0 $4.0M 0.20% -1K -16.8% $588.68 -2.3%
75 ROK ROCKWELL AUTOMATION INC Industrials 10,597.0 $3.8M 0.19% -4K -28.1% $358.88 +27.2%
76 ORCL ORACLE CORP Technology 25,584.0 $3.8M 0.19% +3K +11.3% $147.11 +33.0%
77 PM PHILIP MORRIS INTL INC Consumer Defensive 22,640.0 $3.7M 0.18% +120.0 +0.5% $165.34 +16.0%
78 BLK BLACKROCK INC Financial Services 3,742.0 $3.6M 0.18% -1K -21.3% $961.71 +12.5%
79 HAS HASBRO INC Consumer Cyclical 37,994.0 $3.6M 0.18% -10K -20.9% $93.60 +2.2%
80 URI UNITED RENTALS INC Industrials 4,651.0 $3.4M 0.17% -2K -25.4% $728.56 +33.5%
Page 4 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%