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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 8 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 FE FIRSTENERGY CORP Utilities 21,112.0 $1.1M 0.05% NEW $50.66 -11.5%
142 TMUS T-MOBILE US INC Communication Services 5,004.0 $1.1M 0.05% NEW $210.03 -8.0%
143 EVRG EVERGY INC Utilities 12,755.0 $1.0M 0.05% NEW $81.92 +1.4%
144 DRI DARDEN RESTAURANTS INC Consumer Cyclical 5,291.0 $1.0M 0.05% NEW $196.04 -1.1%
145 KHC KRAFT HEINZ CO Consumer Defensive 45,838.0 $1.0M 0.05% NEW $22.49 +3.6%
146 AXP AMERICAN EXPRESS CO Financial Services 3,407.0 $1.0M 0.05% -60.0 -1.7% $302.48 +2.5%
147 WCC WESCO INTL INC Industrials 3,756.0 $1.0M 0.05% -59.0 -1.6% $273.62 +24.6%
148 CVS CVS HEALTH CORP Healthcare 13,956.0 $1.0M 0.05% +14K +10000.0% $71.82 +32.2%
149 SBUX STARBUCKS CORP Consumer Cyclical 11,133.0 $997K 0.05% +11K +2602.2% $89.59 +20.0%
150 ES EVERSOURCE ENERGY Utilities 14,250.0 $987K 0.05% NEW $69.28 -0.4%
151 SNA SNAP ON INC Industrials 2,685.0 $975K 0.05% +3K +10000.0% $363.22 -0.4%
152 MTB M & T BK CORP Financial Services 4,684.0 $968K 0.05% +5K +10000.0% $206.72 +0.4%
153 KEY KEYCORP Financial Services 48,194.0 $966K 0.05% +46K +2175.4% $20.05 +4.5%
154 GIS GENERAL MILLS INC Consumer Defensive 25,833.0 $962K 0.05% NEW $37.22 -9.2%
155 PAYX PAYCHEX INC Industrials 10,430.0 $961K 0.05% NEW $92.12 +3.0%
156 D DOMINION ENERGY INC Utilities 15,353.0 $949K 0.05% NEW $61.82 +10.6%
157 IP INTERNATIONAL PAPER CO Consumer Cyclical 26,128.0 $933K 0.05% NEW $35.70 -16.9%
158 TROW PRICE T ROWE GROUP INC Financial Services 9,957.0 $898K 0.04% +10K +9857.0% $90.14 +13.0%
159 GS GOLDMAN SACHS GROUP INC Financial Services 1,037.0 $877K 0.04% +720.0 +227.1% $845.99 +10.8%
160 IWM ISHARES TR 3,522.0 $873K 0.04% -61.0 -1.7% $248.00 +10.5%
Page 8 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%