Alerus Financial NA

13F filer · CIK 0000919458

Reported Aug 14, 2026

Net buyer this quarter

13F portfolio value$2.29BU.S. long equity reported on 13F

Positions40617 new · 16 closed

Net flow last quarter+$23.7MBuys minus sells

Top 10 positions weight30.6%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 14, 2026406 positions
DFAXGulf Resources, Inc.	$308M	13.49%	Not reported	-0.6%	Q4 2022
NVDANvidia Corp	$66.8M	2.92%	0.00%	-1.0%	Q4 2018
ALRSAlerus Financial Corp	$65.8M	2.88%	8.47%	-5.6%	Q4 2022
AAPLApple Inc.	$54.3M	2.38%	0.00%	+0.8%	Q2 2016
AVGOBroadcom Inc.	$41.5M	1.82%	0.00%	-5.8%	Q4 2018
GOOGLAlphabet Inc.	$40.9M	1.79%	0.00%	-1.8%	Q2 2016
MSFTMicrosoft Corp	$38.9M	1.70%	0.00%	-1.5%	Q2 2016
MUMicron Technology Inc	$33.4M	1.46%	0.00%	+1.3%	Q4 2023
AMZNAmazon Com Inc	$27.8M	1.22%	0.00%	-3.5%	Q4 2017
JPMJPMorgan Chase & Co	$22.7M	0.99%	0.00%	+3.0%	Q2 2016
LLYELI LILLY & Co	$20.1M	0.88%	0.00%	-7.5%	Q4 2022
XOMExxonMobil Holdings Corp	$19.8M	0.87%	0.00%	+19.0%	Q2 2016
CSCOCisco Systems, Inc.	$19.7M	0.86%	0.00%	+4.5%	Q2 2016
JNJJohnson & Johnson	$19M	0.83%	0.00%	+19.4%	Q2 2016
TSLATesla, Inc.	$17.9M	0.78%	0.00%	-5.8%	Q4 2022
METAMeta Platforms, Inc.	$15.5M	0.68%	Not reported	+0.6%	Q2 2016
HPEHewlett Packard Enterprise Co	$14M	0.61%	0.02%	-26.4%	Q2 2024
UNHUnitedhealth Group Inc	$12.3M	0.54%	0.00%	-3.1%	Q2 2016
IBMInternational Business Machines Corp	$12.1M	0.53%	0.00%	-0.1%	Q2 2016
ABBVAbbVie Inc.	$12.1M	0.53%	0.00%	+8.7%	Q2 2016
BRK.BBerkshire Hathaway Inc	$12M	0.52%	Not reported	+3.6%	Q2 2016
ETNEaton Corp plc	$11.5M	0.50%	0.01%	-12.2%	Q2 2016
AAAUGoldman Sachs Physical Gold ETF	$11.1M	0.49%	0.47%	-8.2%	Q4 2023
WMTWalmart Inc.	$10.7M	0.47%	0.00%	+4.8%	Q4 2022
AMDAdvanced Micro Devices Inc	$10.6M	0.46%	0.00%	+40.6%	Q4 2022
GEGeneral Electric Co	$10.3M	0.45%	0.00%	-9.8%	Q1 2024
VZVerizon Communications Inc	$9.84M	0.43%	0.01%	-3.0%	Q2 2016
PHParker-Hannifin Corp	$9.48M	0.41%	0.01%	-3.1%	Q3 2023
VRTVertiv Holdings Co	$9.16M	0.40%	0.01%	-19.4%	Q2 2024
HDHome Depot, Inc.	$8.6M	0.38%	0.00%	+11.2%	Q2 2016
CVXChevron Corp	$8.4M	0.37%	0.00%	+23.1%	Q2 2016
STXSeagate Technology Holdings plc	$8.25M	0.36%	0.00%	-23.0%	Q4 2022
MRKMerck & Co., Inc.	$8.24M	0.36%	0.00%	+20.6%	Q2 2016
IMNMImmunome Inc.	$8.12M	0.36%	0.34%	New	Q2 2026
CATCaterpillar Inc	$8.11M	0.35%	0.00%	-12.1%	Q4 2022
SOSouthern Co	$7.87M	0.34%	0.01%	-25.2%	Q2 2016
PGPROCTER & GAMBLE Co	$7.53M	0.33%	0.00%	+21.1%	Q2 2016
WFCWells Fargo & Company	$7.1M	0.31%	0.00%	-2.9%	Q2 2016
TTWOTake Two Interactive Software Inc	$7.07M	0.31%	0.02%	-15.9%	Q1 2018
CDNSCadence Design Systems Inc	$6.91M	0.30%	0.01%	-18.1%	Q4 2022
TFCTruist Financial Corp	$6.65M	0.29%	0.01%	-12.4%	Q1 2025
BACBank of America Corp	$6.41M	0.28%	0.00%	+19.5%	Q4 2018
TAt&T Inc.	$6.37M	0.28%	0.00%	+3.7%	Q2 2016
AMATApplied Materials Inc	$6.3M	0.28%	0.00%	-8.8%	Q2 2025
NFLXNetflix Inc	$6.13M	0.27%	0.00%	+5.0%	Q4 2018
CORCencora, Inc.	$5.78M	0.25%	0.01%	-15.3%	Q4 2016
KOCoca Cola Co	$5.64M	0.25%	0.00%	+91.1%	Q2 2016
MAMastercard Inc	$5.55M	0.24%	0.00%	-1.2%	Q4 2022
HEIHeico Corp	$5.45M	0.24%	0.03%	-18.2%	Q1 2023
PRUPrudential Financial Inc	$5.36M	0.23%	0.01%	-5.8%	Q2 2016

Q1 2026Reported May 12, 2026404 positions
DFAXGulf Resources, Inc.	$286M	14.15%	Not reported	-0.2%	Q4 2022
NVDANvidia Corp	$58.8M	2.91%	0.00%	-0.7%	Q4 2018
ALRSAlerus Financial Corp	$53.2M	2.63%	8.89%	-2.1%	Q4 2022
AAPLApple Inc.	$47.3M	2.34%	0.00%	-0.1%	Q2 2016
MSFTMicrosoft Corp	$39.2M	1.94%	0.00%	+0.3%	Q2 2016
AVGOBroadcom Inc.	$36.1M	1.79%	0.00%	-3.3%	Q4 2018
GOOGLAlphabet Inc.	$33.5M	1.66%	0.00%	-3.4%	Q2 2016
AMZNAmazon Com Inc	$25.2M	1.25%	0.00%	-0.4%	Q4 2017
XOMExxonMobil Holdings Corp	$20.7M	1.02%	0.00%	+3.8%	Q2 2016
JPMJPMorgan Chase & Co	$19.8M	0.98%	0.00%	-0.2%	Q2 2016
TSLATesla, Inc.	$16.8M	0.83%	0.00%	-3.8%	Q4 2022
LLYELI LILLY & Co	$16.7M	0.83%	0.00%	-8.0%	Q4 2022
METAMeta Platforms, Inc.	$15.6M	0.77%	Not reported	+1.6%	Q2 2016
JNJJohnson & Johnson	$15.3M	0.76%	0.00%	+9.4%	Q2 2016
AAAUGoldman Sachs Physical Gold ETF	$14.2M	0.70%	0.49%	Not reported	Q4 2023
CSCOCisco Systems, Inc.	$12.4M	0.62%	0.00%	+17.6%	Q2 2016
VZVerizon Communications Inc	$12M	0.60%	0.01%	+9.7%	Q2 2016
WMTWalmart Inc.	$11.2M	0.56%	0.00%	+1.6%	Q4 2022
BRK.BBerkshire Hathaway Inc	$11.1M	0.55%	Not reported	+4.6%	Q2 2016
ETNEaton Corp plc	$11M	0.54%	0.01%	-14.6%	Q2 2016
SOSouthern Co	$10.6M	0.53%	0.01%	-25.8%	Q2 2016
IBMInternational Business Machines Corp	$10.5M	0.52%	0.00%	-4.4%	Q2 2016
HPEHewlett Packard Enterprise Co	$10M	0.50%	0.03%	-17.3%	Q2 2024
MUMicron Technology Inc	$9.65M	0.48%	0.00%	-2.1%	Q4 2023
ABBVAbbVie Inc.	$9.62M	0.48%	0.00%	+11.3%	Q2 2016
PHParker-Hannifin Corp	$8.95M	0.44%	0.01%	-2.7%	Q3 2023
GEGeneral Electric Co	$8.67M	0.43%	0.00%	-10.6%	Q1 2024
TAt&T Inc.	$8.6M	0.43%	0.00%	-7.9%	Q2 2016
CVXChevron Corp	$8.52M	0.42%	0.00%	+5.5%	Q2 2016
VRTVertiv Holdings Co	$8.51M	0.42%	0.01%	-22.2%	Q2 2024
UNHUnitedhealth Group Inc	$8.24M	0.41%	0.00%	-3.7%	Q2 2016
NFLXNetflix Inc	$7.86M	0.39%	0.00%	+4.1%	Q4 2018
CORCencora, Inc.	$7.57M	0.37%	0.01%	-9.6%	Q4 2016
HDHome Depot, Inc.	$7.21M	0.36%	0.00%	+17.5%	Q2 2016
WFCWells Fargo & Company	$7.05M	0.35%	0.00%	-3.1%	Q2 2016
TFCTruist Financial Corp	$7M	0.35%	0.01%	-11.8%	Q1 2025
TTWOTake Two Interactive Software Inc	$6.64M	0.33%	0.02%	-11.2%	Q1 2018
MRKMerck & Co., Inc.	$6.4M	0.32%	0.00%	+35.0%	Q2 2016
CDNSCadence Design Systems Inc	$6.25M	0.31%	0.01%	-17.1%	Q4 2022
CATCaterpillar Inc	$6.14M	0.30%	0.00%	-11.6%	Q4 2022
PGPROCTER & GAMBLE Co	$6.12M	0.30%	0.00%	+30.2%	Q2 2016
LNGCheniere Energy, Inc.	$5.87M	0.29%	0.01%	-20.9%	Q4 2022
ULUnilever PLC	$5.84M	0.29%	0.00%	Not reported	Q4 2022
DLRDigital Realty Trust, Inc.	$5.54M	0.27%	0.01%	-29.1%	Q1 2024
MAMastercard Inc	$5.46M	0.27%	0.00%	-1.5%	Q4 2022
ICEIntercontinental Exchange, Inc.	$5.34M	0.26%	0.01%	-13.3%	Q2 2016
PRUPrudential Financial Inc	$5.15M	0.26%	0.02%	-17.4%	Q2 2016
HEIHeico Corp	$5.13M	0.25%	0.03%	-14.5%	Q1 2023
MMM3m Co	$5.1M	0.25%	0.01%	-21.3%	Q3 2023
COFCapital One Financial Corp	$5.09M	0.25%	0.00%	-0.3%	Q1 2025

Q4 2025Reported Feb 13, 2026387 positions
DFAXGulf Resources, Inc.	$276M	13.50%	Not reported	+0.6%	Q4 2022
NVDANvidia Corp	$63.3M	3.10%	0.00%	-1.0%	Q4 2018
ALRSAlerus Financial Corp	$51.6M	2.52%	9.01%	-1.1%	Q4 2022
MSFTMicrosoft Corp	$51M	2.49%	0.00%	+0.6%	Q2 2016
AAPLApple Inc.	$50.7M	2.48%	0.00%	-1.9%	Q2 2016
AVGOBroadcom Inc.	$41.8M	2.04%	0.00%	-12.1%	Q4 2018
GOOGLAlphabet Inc.	$37.8M	1.85%	0.00%	-3.1%	Q2 2016
AMZNAmazon Com Inc	$28.1M	1.37%	0.00%	+1.1%	Q4 2017
JPMJPMorgan Chase & Co	$21.7M	1.06%	0.00%	-17.8%	Q2 2016
LLYELI LILLY & Co	$21.2M	1.04%	0.00%	-1.7%	Q4 2022
TSLATesla, Inc.	$21.1M	1.03%	0.00%	-3.0%	Q4 2022
METAMeta Platforms, Inc.	$17.7M	0.87%	Not reported	+2.8%	Q2 2016
XOMExxonMobil Holdings Corp	$14.1M	0.69%	0.00%	-3.9%	Q2 2016
IBMInternational Business Machines Corp	$13.4M	0.65%	0.00%	+1.7%	Q2 2016
AAAUGoldman Sachs Physical Gold ETF	$13M	0.64%	0.51%	+0.2%	Q4 2023
SOSouthern Co	$12.9M	0.63%	0.01%	+1.5%	Q2 2016
HPEHewlett Packard Enterprise Co	$12.2M	0.60%	0.04%	-5.6%	Q2 2024
JNJJohnson & Johnson	$11.8M	0.58%	0.00%	+0.4%	Q2 2016
ETNEaton Corp plc	$11.4M	0.56%	0.01%	-25.3%	Q2 2016
BRK.BBerkshire Hathaway Inc	$11.1M	0.54%	Not reported	+3.9%	Q2 2016
GEGeneral Electric Co	$10.5M	0.52%	0.00%	-6.1%	Q1 2024
CSCOCisco Systems, Inc.	$10.5M	0.51%	0.00%	+1.3%	Q2 2016
UNHUnitedhealth Group Inc	$10.4M	0.51%	0.00%	+100.0%	Q2 2016
WMTWalmart Inc.	$9.92M	0.49%	0.00%	-0.8%	Q4 2022
TTWOTake Two Interactive Software Inc	$9.7M	0.47%	0.02%	-20.9%	Q1 2018
ABBVAbbVie Inc.	$9.08M	0.44%	0.00%	-11.0%	Q2 2016
PHParker-Hannifin Corp	$9.03M	0.44%	0.01%	-21.0%	Q3 2023
CORCencora, Inc.	$9.01M	0.44%	0.01%	-16.2%	Q4 2016
VZVerizon Communications Inc	$8.9M	0.44%	0.01%	+39.4%	Q2 2016
WFCWells Fargo & Company	$8.52M	0.42%	0.00%	0.0%	Q2 2016
TFCTruist Financial Corp	$8.49M	0.42%	0.01%	+5.0%	Q1 2025
CDNSCadence Design Systems Inc	$8.49M	0.42%	0.01%	-8.5%	Q4 2022
MUMicron Technology Inc	$8.33M	0.41%	0.00%	-3.1%	Q4 2023
BSXBoston Scientific Corp	$8.04M	0.39%	0.01%	-0.6%	Q2 2019
TAt&T Inc.	$8M	0.39%	0.00%	+0.6%	Q2 2016
NFLXNetflix Inc	$7.37M	0.36%	0.00%	+9.8%	Q4 2018
ISRGIntuitive Surgical Inc	$7.29M	0.36%	0.00%	-2.7%	Q1 2019
PRUPrudential Financial Inc	$7.21M	0.35%	0.02%	+7.1%	Q2 2016
SHOPShopify Inc.	$7.18M	0.35%	0.01%	+68.4%	Q4 2022
MMM3m Co	$7.14M	0.35%	0.01%	+2.6%	Q3 2023
HEIHeico Corp	$7.09M	0.35%	0.04%	-2.4%	Q1 2023
VRTVertiv Holdings Co	$7.06M	0.35%	0.01%	-8.0%	Q2 2024
COFCapital One Financial Corp	$6.78M	0.33%	0.00%	+0.6%	Q1 2025
DLRDigital Realty Trust, Inc.	$6.71M	0.33%	0.01%	-2.7%	Q1 2024
HDHome Depot, Inc.	$6.42M	0.31%	0.00%	+250.6%	Q2 2016
ICEIntercontinental Exchange, Inc.	$6.34M	0.31%	0.01%	+0.7%	Q2 2016
MAMastercard Inc	$6.34M	0.31%	0.00%	-2.1%	Q4 2022
LNTAlliant Energy Corp	$6.08M	0.30%	0.04%	+4.0%	Q2 2025
CVXChevron Corp	$5.95M	0.29%	0.00%	+31.3%	Q2 2016
SCHWSchwab Charles Corp	$5.91M	0.29%	0.00%	+21.5%	Q4 2018

Q3 2025Reported Nov 10, 2025407 positions
DFAXGulf Resources, Inc.	$263M	13.38%	Not reported	+136.9%	Q4 2022
NVDANvidia Corp	$63.9M	3.25%	0.00%	-1.9%	Q4 2018
MSFTMicrosoft Corp	$54.3M	2.76%	0.00%	-2.9%	Q2 2016
ALRSAlerus Financial Corp	$51.3M	2.61%	9.12%	+6.4%	Q4 2022
AAPLApple Inc.	$48.4M	2.46%	0.00%	-5.7%	Q2 2016
AVGOBroadcom Inc.	$45.3M	2.30%	0.00%	-5.2%	Q4 2018
GOOGLAlphabet Inc.	$30.2M	1.54%	0.00%	-2.1%	Q2 2016
AMZNAmazon Com Inc	$26.4M	1.34%	0.00%	+1.3%	Q4 2017
JPMJPMorgan Chase & Co	$25.9M	1.32%	0.00%	+1.9%	Q2 2016
TSLATesla, Inc.	$21.6M	1.10%	0.00%	+0.5%	Q4 2022
METAMeta Platforms, Inc.	$19.2M	0.98%	Not reported	+1.5%	Q2 2016
ETNEaton Corp plc	$18M	0.91%	0.01%	0.0%	Q2 2016
LLYELI LILLY & Co	$15.3M	0.78%	0.00%	+4.2%	Q4 2022
SOSouthern Co	$13.8M	0.70%	0.01%	+7.5%	Q2 2016
XOMExxonMobil Holdings Corp	$13.8M	0.70%	0.00%	+5.8%	Q2 2016
HPEHewlett Packard Enterprise Co	$13.2M	0.67%	0.04%	+35.5%	Q2 2024
IBMInternational Business Machines Corp	$12.5M	0.64%	0.00%	+4.5%	Q2 2016
TTWOTake Two Interactive Software Inc	$12.4M	0.63%	0.03%	-1.5%	Q1 2018
AAAUGoldman Sachs Physical Gold ETF	$11.7M	0.59%	0.59%	-13.0%	Q4 2023
GEGeneral Electric Co	$11M	0.56%	0.00%	-4.5%	Q1 2024
ULUnilever PLC	$10.9M	0.55%	0.01%	+5.0%	Q4 2022
BRK.BBerkshire Hathaway Inc	$10.7M	0.54%	Not reported	+0.6%	Q2 2016
JNJJohnson & Johnson	$10.5M	0.54%	0.00%	+4.9%	Q2 2016
CDNSCadence Design Systems Inc	$10.4M	0.53%	0.01%	-8.6%	Q4 2022
ABBVAbbVie Inc.	$10.3M	0.53%	0.00%	+5.7%	Q2 2016
CORCencora, Inc.	$9.94M	0.51%	0.02%	-0.9%	Q4 2016
PHParker-Hannifin Corp	$9.86M	0.50%	0.01%	+0.2%	Q3 2023
WMTWalmart Inc.	$9.26M	0.47%	0.00%	+28.6%	Q4 2022
CSCOCisco Systems, Inc.	$9.2M	0.47%	0.00%	+3.2%	Q2 2016
TAt&T Inc.	$9.05M	0.46%	0.00%	+4.9%	Q2 2016
NFLXNetflix Inc	$8.57M	0.44%	0.00%	-5.4%	Q4 2018
BSXBoston Scientific Corp	$8.28M	0.42%	0.01%	-0.3%	Q2 2019
DLRDigital Realty Trust, Inc.	$7.7M	0.39%	0.01%	-0.6%	Q1 2024
WFCWells Fargo & Company	$7.66M	0.39%	0.00%	-9.5%	Q2 2016
TFCTruist Financial Corp	$7.52M	0.38%	0.01%	+6.9%	Q1 2025
BBYBest Buy Co Inc	$7.36M	0.37%	0.05%	-0.7%	Q4 2022
HEIHeico Corp	$7.24M	0.37%	0.04%	-3.1%	Q1 2023
VRTVertiv Holdings Co	$7.15M	0.36%	0.01%	-4.9%	Q2 2024
VZVerizon Communications Inc	$6.89M	0.35%	0.00%	+7.0%	Q2 2016
MMM3m Co	$6.75M	0.34%	0.01%	+4.5%	Q3 2023
WDCWestern Digital Corp	$6.72M	0.34%	0.02%	-19.4%	Q4 2022
SJMJ M SMUCKER Co	$6.65M	0.34%	0.06%	New	Q3 2025
ICEIntercontinental Exchange, Inc.	$6.55M	0.33%	0.01%	+54.0%	Q2 2016
MAMastercard Inc	$6.45M	0.33%	0.00%	+2.4%	Q4 2022
ORCLOracle Corp	$6.43M	0.33%	0.00%	+0.2%	Q2 2016
HASHasbro, Inc.	$6.32M	0.32%	0.06%	+2.4%	Q2 2023
PRUPrudential Financial Inc	$6.19M	0.32%	0.02%	+3.5%	Q2 2016
BXBlackstone Inc.	$6.16M	0.31%	0.00%	+1.2%	Q4 2022
LNTAlliant Energy Corp	$6.07M	0.31%	0.04%	+6.6%	Q2 2025
URIUnited Rentals, Inc.	$6.06M	0.31%	0.01%	-2.9%	Q4 2024

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