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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 5 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 PFG PRINCIPAL FINANCIAL GROUP IN Financial Services 37,347.0 $3.4M 0.17% -20K -34.3% $90.11 +11.8%
82 VTI VANGUARD INDEX FDS 10,263.0 $3.3M 0.16% $320.81 +13.1%
83 MDT MEDTRONIC PLC Healthcare 37,961.0 $3.3M 0.16% -16K -29.8% $86.65 -11.2%
84 AMAT APPLIED MATLS INC Technology 9,548.0 $3.3M 0.16% -2K -20.6% $341.79 +27.7%
85 FITB FIFTH THIRD BANCORP Financial Services 69,263.0 $3.2M 0.16% -543.0 -0.8% $46.46 +2.7%
86 C CITIGROUP INC Financial Services 27,660.0 $3.1M 0.15% -152.0 -0.6% $113.41 +8.8%
87 IVV ISHARES TR 4,750.0 $3.1M 0.15% -35.0 -0.7% $653.21 +13.7%
88 WDC WESTERN DIGITAL CORP Technology 11,102.0 $3.0M 0.15% -6K -33.4% $270.49 +80.8%
89 PANW PALO ALTO NETWORKS INC Technology 18,458.0 $3.0M 0.15% +4K +27.5% $160.32 +48.6%
90 SJM SMUCKER J M CO Consumer Defensive 29,839.0 $2.9M 0.14% -14K -32.0% $96.44 +3.9%
91 XLP SELECT SECTOR SPDR TR 34,831.0 $2.9M 0.14% -9K -19.6% $81.98 +3.2%
92 MCD MCDONALDS CORP Consumer Cyclical 8,892.0 $2.8M 0.14% +4K +66.5% $310.79 -11.5%
93 KO COCA COLA CO Consumer Defensive 36,297.0 $2.8M 0.14% +18K +94.5% $76.05 +5.8%
94 AMD ADVANCED MICRO DEVICES INC Technology 12,997.0 $2.6M 0.13% +10K +354.8% $203.43 +108.5%
95 MS MORGAN STANLEY Financial Services 15,463.0 $2.5M 0.13% -2K -10.9% $164.57 +18.2%
96 SMG SCOTTS MIRACLE-GRO CO Basic Materials 40,701.0 $2.5M 0.12% -23K -36.2% $60.81 -2.9%
97 FAST FASTENAL CO Industrials 51,453.0 $2.4M 0.12% -20K -28.1% $46.40 -5.2%
98 NXPI NXP SEMICONDUCTORS N V Technology 11,644.0 $2.3M 0.11% -3K -18.9% $196.86 +49.4%
99 IVW ISHARES TR 20,229.0 $2.3M 0.11% -2K -8.4% $113.11 +20.9%
100 XLB SELECT SECTOR SPDR TR 43,485.0 $2.2M 0.11% -12K -21.7% $49.97 +0.7%
Page 5 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%