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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 6 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 BX BLACKSTONE INC Financial Services 18,340.0 $2.1M 0.10% -7K -27.5% $114.99 +1.1%
102 MCHP MICROCHIP TECHNOLOGY INC. Technology 31,080.0 $2.0M 0.10% +8K +36.3% $64.61 +46.4%
103 NOW SERVICENOW INC Technology 18,564.0 $1.9M 0.10% -11K -36.5% $104.55 -5.2%
104 VCIT VANGUARD SCOTTSDALE FDS 22,700.0 $1.9M 0.09% -17K -42.9% $82.75 -0.8%
105 UPS UNITED PARCEL SVCS INC Industrials 19,077.0 $1.9M 0.09% +4K +30.1% $98.38 -2.8%
106 DOW DOW HLDGS INC Basic Materials 44,127.0 $1.8M 0.09% +43K +4260.4% $41.65 -8.4%
107 EOG EOG RES INC Energy 12,201.0 $1.8M 0.09% +12K +1933.5% $144.57 -4.3%
108 QQQ INVESCO QQQ TR Financial Services 3,020.0 $1.7M 0.09% $577.18 +23.1%
109 MET METLIFE INC Financial Services 24,589.0 $1.7M 0.09% +980.0 +4.2% $70.72 +13.0%
110 VV VANGUARD INDEX FDS 5,705.0 $1.7M 0.08% $298.85 +13.6%
111 ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 18,318.0 $1.7M 0.08% -7K -28.3% $92.31 -3.7%
112 RTX RTX CORPORATION Industrials 8,675.0 $1.7M 0.08% +8K +2042.0% $192.90 -11.0%
113 STT STATE STR CORP Financial Services 13,195.0 $1.7M 0.08% -6K -31.7% $126.56 +20.5%
114 LIN LINDE PLC Basic Materials 3,315.0 $1.6M 0.08% -1K -28.2% $495.76 +2.0%
115 DD DUPONT DE NEMOURS INC Basic Materials 33,786.0 $1.5M 0.08% -20K -37.4% $45.80 +7.8%
116 TXN TEXAS INSTRS INC Technology 7,940.0 $1.5M 0.08% +5K +203.4% $194.14 +58.6%
117 COP CONOCOPHILLIPS Energy 11,596.0 $1.5M 0.08% +10K +659.4% $132.00 -8.5%
118 DE DEERE & CO Industrials 2,711.0 $1.5M 0.08% +567.0 +26.4% $563.30 +0.0%
119 SPY STATE STR SPDR S&P 500 ETF T Financial Services 2,244.0 $1.5M 0.07% $650.34 +13.5%
120 PLTR PALANTIR TECHNOLOGIES INC Technology 9,944.0 $1.5M 0.07% +9K +1611.5% $146.28 -9.3%
Page 6 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%