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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 9 of 26  ·  510 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 F FORD MTR CO Consumer Cyclical 75,562.0 $872K 0.04% +73K +2638.8% $11.54 +16.1%
162 IJH ISHARES TR 12,425.0 $839K 0.04% $67.53 +6.8%
163 NEE NEXTERA ENERGY INC Utilities 8,828.0 $820K 0.04% +7K +534.2% $92.88 +0.5%
164 GOOG ALPHABET INC Communication Services 2,841.0 $815K 0.04% +2K +153.4% $286.86 +37.1%
165 HPQ HP INC Technology 42,002.0 $807K 0.04% NEW $19.21 +8.3%
166 VO VANGUARD INDEX FDS 2,784.0 $800K 0.04% +282.0 +11.3% $287.18 -73.3%
167 OTTR OTTER TAIL CORP Utilities 9,028.0 $792K 0.04% $87.77 +0.0%
168 DUK DUKE ENERGY CORP NEW Utilities 5,748.0 $753K 0.04% +5K +398.1% $130.94 -7.6%
169 GPC GENUINE PARTS CO Consumer Cyclical 7,103.0 $751K 0.04% +7K +10000.0% $105.75 -12.2%
170 DVY ISHARES TR 4,948.0 $749K 0.04% $151.41 +0.7%
171 CMT CORE MOLDING TECHNOLOGIES IN Basic Materials 32,809.0 $735K 0.04% -1K -3.2% $22.40 +3.8%
172 IJK ISHARES TR 6,787.0 $683K 0.03% $100.62 +9.0%
173 BRBS BLUE RIDGE BANKSHARES INC VA Financial Services 151,148.0 $635K 0.03% -35K -18.8% $4.20 -22.6%
174 L LOEWS CORP Financial Services 5,911.0 $631K 0.03% NEW $106.74 -0.9%
175 DHR DANAHER CORP DEL Healthcare 3,291.0 $624K 0.03% +33.0 +1.0% $189.60 -14.6%
176 CRM SALESFORCE INC Technology 3,305.0 $617K 0.03% +3K +10000.0% $186.67 -7.0%
177 EFG ISHARES TR 5,326.0 $593K 0.03% $111.37 +6.9%
178 DIS DISNEY WALT CO Communication Services 6,145.0 $592K 0.03% +5K +843.9% $96.38 +6.6%
179 MRSH MARSH & MCLENNAN COS INC Financial Services 3,268.0 $567K 0.03% -786.0 -19.4% $173.45 -7.1%
180 LOW LOWES COS INC Consumer Cyclical 2,386.0 $564K 0.03% +1K +166.9% $236.28 -7.6%
Page 9 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%