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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 7 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 LMT LOCKHEED MARTIN CORP Industrials 2,358.0 $1.4M 0.07% +2K +678.2% $604.39 -14.6%
122 VTR VENTAS INC Real Estate 16,698.0 $1.4M 0.07% -4K -19.9% $81.78 +6.9%
123 PFE PFIZER INC Healthcare 48,583.0 $1.4M 0.07% +47K +2708.3% $28.08 -9.8%
124 KMI KINDER MORGAN INC DEL Energy 40,453.0 $1.4M 0.07% NEW $33.53 +0.3%
125 CMCSA COMCAST CORP NEW Communication Services 47,077.0 $1.4M 0.07% +47K +10000.0% $28.71 -13.2%
126 CEG CONSTELLATION ENERGY CORP Utilities 4,554.0 $1.3M 0.06% -625.0 -12.1% $279.25 -6.2%
127 USB US BANCORP Financial Services 24,158.0 $1.3M 0.06% +17K +236.7% $52.01 +2.1%
128 ARM ARM HOLDINGS PLC Technology 8,256.0 $1.2M 0.06% -12K -59.3% $151.28 +42.2%
129 MO ALTRIA GROUP INC Consumer Defensive 18,194.0 $1.2M 0.06% +17K +1126.0% $65.99 +10.8%
130 BMY BRISTOL-MYERS SQUIBB CO Healthcare 19,760.0 $1.2M 0.06% NEW $60.65 -5.5%
131 ACN ACCENTURE PLC IRELAND Technology 6,038.0 $1.2M 0.06% +4K +145.9% $198.29 -10.5%
132 EIX EDISON INTL Utilities 16,275.0 $1.2M 0.06% NEW $73.18 -5.5%
133 BSCQ INVESCO EXCH TRD SLF IDX FD 60,829.0 $1.2M 0.06% +13K +26.5% $19.53 -0.1%
134 TGT TARGET CORP Consumer Defensive 9,749.0 $1.2M 0.06% +9K +3432.2% $121.20 +0.3%
135 OMC OMNICOM GROUP INC Communication Services 15,446.0 $1.2M 0.06% +13K +544.1% $75.31 -5.9%
136 GILD GILEAD SCIENCES INC Healthcare 8,331.0 $1.2M 0.06% +8K +10000.0% $139.37 -7.0%
137 KVUE KENVUE INC Consumer Defensive 64,256.0 $1.1M 0.06% +58K +897.9% $17.24 -0.8%
138 LRCX LAM RESEARCH CORP Technology 5,179.0 $1.1M 0.06% +4K +524.0% $213.66 +33.3%
139 SMURFIT WESTROCK PLC 27,168.0 $1.1M 0.05% NEW $39.85
140 OKE ONEOK INC NEW Energy 11,932.0 $1.1M 0.05% +12K +5226.8% $90.39 +2.1%
Page 7 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%