Alerus Financial NA
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Alerus Financial NA reported 504 stock positions worth $2.3 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 22.5% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 13.5%) and iShares Russell Mid-Cap ETF (IWR, 4.8%). Compared with Q1 2026, it opened 21 new positions, sold out of 25, added to 129 and reduced 127. The biggest buy was Micron Technology (MU, shares +1%) and the biggest sale Vanguard S/T Corp. Bond ETF (VCSH, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- GRAND FORKS, ND
- CIK
- 0000919458
- Portfolio Value
- $2.3B (Q2 2026)
- SEC Filing
- 0000919458-26-000003 ↗ filed Aug 14, 2026
Holdings Value
Holdings 504 stocks · $2.3B
| VOO Vanguard S&P 500 ETF | 22.53% | 749,797 | $515.0M | Reduce -1.1% |
| DFAX Dimensional World Ex US Core | 13.49% | 8,368,617 | $308.3M | Reduce -0.6% |
| IWR iShares Russell Mid-Cap ETF | 4.75% | 985,225 | $108.7M | Add +0.6% |
| IXUS iShares Core Intl Stock ETF | 3.53% | 845,112 | $80.7M | Reduce -0.1% |
| VCRB Vanguard Core Bond ETF | 3.25% | 961,921 | $74.3M | Add +1.4% |
| NVDA Nvidia Corp. | 2.92% | 333,736 | $66.8M | Reduce -1.0% |
| ALRS Alerus Financial Corp. | 2.88% | 2,116,173 | $65.8M | Reduce -5.6% |
| AAPL Apple Inc. | 2.38% | 187,822 | $54.3M | Add +0.8% |
| AVGO Broadcom Inc. | 1.82% | 109,906 | $41.5M | Reduce -5.8% |
| GOOGL Alphabet Inc. Class A | 1.79% | 114,403 | $40.9M | Reduce -1.8% |
| MSFT Microsoft Corp. | 1.70% | 104,258 | $38.9M | Reduce -1.5% |
| MU Micron Technology Inc. | 1.46% | 28,945 | $33.4M | Add +1.3% |
| VCLT Vanguard Long-Term Corp. Bond | 1.33% | 403,549 | $30.4M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 1.22% | 116,785 | $27.8M | Reduce -3.5% |
| JPM JPMorgan Chase & Co. | 0.99% | 69,378 | $22.7M | Add +3.0% |
| LLY Eli Lilly & Co. | 0.88% | 16,766 | $20.1M | Reduce -7.5% |
| XOM Exxon Mobil Corp. | 0.87% | 145,045 | $19.8M | Add +19.0% |
| CSCO Cisco Systems Inc. | 0.86% | 167,430 | $19.7M | Add +4.5% |
| VTWO Vanguard Russell 2000 ETF | 0.83% | 156,705 | $19.0M | Reduce -3.1% |
| JNJ Johnson & Johnson | 0.83% | 74,659 | $19.0M | Add +19.4% |
| TSLA Tesla Inc. | 0.78% | 42,569 | $17.9M | Reduce -5.8% |
| META Meta Platforms Inc. Class A | 0.68% | 27,462 | $15.5M | Add +0.6% |
| HPE Hewlett Packard Enterprise | 0.61% | 309,551 | $14.0M | Reduce -26.4% |
| UNH Unitedhealth Group Inc. | 0.54% | 29,498 | $12.3M | Reduce -3.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.53% | 43,153 | $12.1M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.53% | 48,063 | $12.1M | Add +8.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 23,929 | $12.0M | Add +3.6% |
| ETN Eaton Corp. PLC | 0.50% | 26,931 | $11.5M | Reduce -12.2% |
| AAAU Goldman Sachs Physical Gold | 0.49% | 281,513 | $11.1M | Reduce -8.2% |
| WMT Walmart Inc. | 0.47% | 94,815 | $10.7M | Add +4.8% |
| AMD Advanced Micro Devices | 0.46% | 18,269 | $10.6M | Add +40.6% |
| GE General Electric filed as GE AEROSPACE | 0.45% | 27,561 | $10.3M | Reduce -9.8% |
| TLT iShares 20+ Year Treasury BD | 0.43% | 114,239 | $9.9M | Reduce -8.0% |
| VZ Verizon Communications Inc. | 0.43% | 232,335 | $9.8M | Reduce -3.0% |
| PH Parker Hannifin Corp. | 0.41% | 9,688 | $9.5M | Reduce -3.1% |
| VRT Vertiv Holdings Co. Class A | 0.40% | 27,354 | $9.2M | Reduce -19.4% |
| HD Home Depot Inc. | 0.38% | 24,373 | $8.6M | Add +11.2% |
| CVX Chevron Corp. | 0.37% | 50,687 | $8.4M | Add +23.1% |
| STX Seagate Technology Holdings | 0.36% | 8,549 | $8.2M | Reduce -23.0% |
| MRK Merck & Co. Inc. | 0.36% | 64,144 | $8.2M | Add +20.6% |
| IMNM Immunome Inc. | 0.36% | 383,421 | $8.1M | New |
| CAT Caterpillar Inc. | 0.35% | 7,613 | $8.1M | Reduce -12.1% |
| SO The Southern Co. | 0.34% | 82,226 | $7.9M | Reduce -25.2% |
| PG The Procter & Gamble Co. | 0.33% | 51,322 | $7.5M | Add +21.1% |
| WFC Wells Fargo & Co. | 0.31% | 85,965 | $7.1M | Reduce -2.9% |
| TTWO Take-Two Interactive Softwre | 0.31% | 28,299 | $7.1M | Reduce -15.9% |
| CDNS Cadence Design SYS Inc. | 0.30% | 18,424 | $6.9M | Reduce -18.1% |
| TFC Truist Financial Corp. | 0.29% | 133,410 | $6.6M | Reduce -12.4% |
| BAC Bank of America Corp. | 0.28% | 112,533 | $6.4M | Add +19.5% |
| T AT&T Inc. | 0.28% | 307,722 | $6.4M | Add +3.7% |
| AMAT Applied Materials Inc. | 0.28% | 8,710 | $6.3M | Reduce -8.8% |
| NFLX Netflix Inc. | 0.27% | 85,867 | $6.1M | Add +5.0% |
| COR Cencora Inc. | 0.25% | 20,422 | $5.8M | Reduce -15.3% |
| KO The Coca-Cola Co. | 0.25% | 69,351 | $5.6M | Add +91.1% |
| MA Mastercard Inc. Class A | 0.24% | 10,803 | $5.5M | Reduce -1.2% |
| HEI Heico Corp. | 0.24% | 15,300 | $5.4M | Reduce -18.2% |
| PRU Prudential Financial Inc. | 0.23% | 49,708 | $5.4M | Reduce -5.8% |
| BBY Best Buy Co. Inc. | 0.23% | 68,910 | $5.2M | Add +4.5% |
| V Visa Inc. Class A | 0.23% | 15,238 | $5.2M | Add +13.5% |
| LRCX Lam Research Corp. | 0.23% | 12,042 | $5.2M | Add +132.5% |
| COF Capital One Financial Corp. | 0.22% | 24,581 | $4.9M | Reduce -11.9% |
| PFF iShares Preferred & Income S | 0.21% | 159,753 | $4.9M | New |
| WSO Watsco Inc. | 0.21% | 11,460 | $4.8M | Reduce -4.0% |
| PM Philip Morris International | 0.20% | 24,910 | $4.5M | Add +10.0% |
| COST Costco Wholesale Corp. | 0.19% | 4,749 | $4.4M | Add +11.4% |
| UL Unilever PLC-Sponsored ADR | 0.19% | 73,426 | $4.4M | Reduce -28.4% |
| ORCL Oracle Corp. | 0.19% | 29,929 | $4.4M | Add +17.0% |
| WDC Western Digital Corp. | 0.19% | 6,662 | $4.3M | Reduce -40.0% |
| DLR Digital Realty Trust Inc. | 0.18% | 22,720 | $4.1M | Reduce -26.0% |
| BNY Bank of New York Mellon Corp. | 0.18% | 28,103 | $4.1M | Reduce -24.9% |
| MCHP Microchip Technology Inc. | 0.18% | 44,514 | $4.1M | Add +43.2% |
| MMM 3M Co. | 0.18% | 24,989 | $4.0M | Reduce -28.9% |
| TMO Thermo Fisher Scientific Inc. | 0.17% | 7,899 | $4.0M | Reduce -8.8% |
| FITB Fifth Third Bancorp | 0.17% | 69,262 | $3.9M | Reduce 0.0% |
| LNG Cheniere Energy Inc. | 0.17% | 16,051 | $3.8M | Reduce -22.4% |
| TXN Texas Instruments Inc. | 0.17% | 12,857 | $3.8M | Add +61.9% |
| URI United Rentals Inc. | 0.17% | 3,377 | $3.8M | Reduce -27.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 10,263 | $3.8M | No change |
| LNT Alliant Energy Corp. | 0.16% | 48,262 | $3.7M | Reduce -29.4% |
| ROK Rockwell Automation Inc. | 0.16% | 7,357 | $3.6M | Reduce -30.6% |
| C Citigroup Inc. | 0.16% | 26,018 | $3.6M | Reduce -5.9% |
| PANW Palo Alto Networks Inc. | 0.16% | 10,461 | $3.6M | Reduce -43.3% |
| IVV iShares Core S&P 500 ETF | 0.16% | 4,749 | $3.6M | Reduce -0.0% |
| SHOP Shopify Inc. Class A | 0.15% | 30,585 | $3.5M | Reduce -22.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.15% | 43,906 | $3.5M | Reduce -83.9% |
| ICE Intercontinental Exchange Inc. | 0.15% | 27,989 | $3.4M | Reduce -17.5% |
| ISRG Intuitive Surgical Inc. | 0.14% | 8,294 | $3.3M | Reduce -24.6% |
| MCD McDonald's Corp. | 0.14% | 11,996 | $3.2M | Add +34.9% |
| XLE SS Energy Select Sector | 0.14% | 60,389 | $3.2M | Reduce -24.1% |
| RTX RTX Corp. | 0.14% | 16,539 | $3.1M | Add +90.7% |
| KHC The Kraft Heinz Co. | 0.13% | 124,969 | $3.0M | Add +172.6% |
| CVS CVS Health Corp. | 0.13% | 28,067 | $2.9M | Add +101.1% |
| SCHW Schwab (charles) Corp. | 0.13% | 31,269 | $2.9M | Reduce -30.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.13% | 63,471 | $2.9M | Reduce -39.7% |
| USB US Bancorp | 0.12% | 47,139 | $2.8M | Add +95.1% |
| MLM Martin Marietta Materials | 0.12% | 4,896 | $2.8M | Reduce -28.4% |
| IVW iShares S&P 500 Growth ETF | 0.12% | 20,229 | $2.8M | No change |
| EOG EOG Resources Inc. | 0.12% | 21,048 | $2.7M | Add +72.5% |
| UPS United Parcel Service Class B | 0.12% | 24,902 | $2.7M | Add +30.5% |
| PLTR Palantir Technologies Inc. Class A | 0.12% | 22,940 | $2.7M | Add +130.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $38K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 30 | $38K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 13 | $14 | No change |
Total filed on the 13F, all lines: $2.3B.
Portfolio Sells Q1 2026 → Q2 2026
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -83.9% | 0.15% | −0.92 |
| DFAX Dimensional World Ex US Core | Reduce -0.6% | 13.49% | −0.67 |
| MSFT Microsoft Corp. | Reduce -1.5% | 1.70% | −0.24 |
| AAAU Goldman Sachs Physical Gold | Reduce -8.2% | 0.49% | −0.21 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -1.2% | 1.33% | −0.18 |
| SO The Southern Co. | Reduce -25.2% | 0.34% | −0.18 |
| VZ Verizon Communications Inc. | Reduce -3.0% | 0.43% | −0.17 |
| BSX Boston Scientific Corp. | Reduce -25.1% | 0.11% | −0.13 |
| LNG Cheniere Energy Inc. | Reduce -22.4% | 0.17% | −0.12 |
| COR Cencora Inc. | Reduce -15.3% | 0.25% | −0.12 |
| ICE Intercontinental Exchange Inc. | Reduce -17.5% | 0.15% | −0.11 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -39.7% | 0.13% | −0.11 |
| ISRG Intuitive Surgical Inc. | Reduce -24.6% | 0.14% | −0.11 |
| TLT iShares 20+ Year Treasury BD | Reduce -8.0% | 0.43% | −0.10 |
| XLE SS Energy Select Sector | Reduce -24.1% | 0.14% | −0.10 |
| IXUS iShares Core Intl Stock ETF | Reduce -0.1% | 3.53% | −0.10 |
| UL Unilever PLC-Sponsored ADR | Reduce -28.4% | 0.19% | −0.10 |
| DLR Digital Realty Trust Inc. | Reduce -26.0% | 0.18% | −0.10 |
| SCHW Schwab (charles) Corp. | Reduce -30.5% | 0.13% | −0.08 |
| MDT Medtronic PLC | Reduce -38.2% | 0.08% | −0.08 |
| LNT Alliant Energy Corp. | Reduce -29.4% | 0.16% | −0.08 |
| BLK BlackRock Inc. | Reduce -37.1% | 0.10% | −0.08 |
| SHOP Shopify Inc. Class A | Reduce -22.1% | 0.15% | −0.08 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.08 |
| PFG Principal Financial Group | Reduce -48.6% | 0.09% | −0.08 |
| MMM 3M Co. | Reduce -28.9% | 0.18% | −0.08 |
| MLM Martin Marietta Materials | Reduce -28.4% | 0.12% | −0.08 |
| HAS Hasbro Inc. | Reduce -22.7% | 0.11% | −0.07 |
| XLP SS Consumer Staples Sel Sect | Reduce -40.4% | 0.08% | −0.07 |
| SMG Scotts Miracle-Gro Co. | Reduce -49.6% | 0.06% | −0.06 |
| BX Blackstone Inc. | Reduce -49.5% | 0.05% | −0.06 |
| TFC Truist Financial Corp. | Reduce -12.4% | 0.29% | −0.06 |
| SJM The JM Smucker Co. | Reduce -40.2% | 0.09% | −0.05 |
| FAST Fastenal Co. | Reduce -38.7% | 0.07% | −0.05 |
| XLB SS Materials Select Sector | Reduce -41.6% | 0.06% | −0.05 |
| TSLA Tesla Inc. | Reduce -5.8% | 0.78% | −0.05 |
| VCIT Vanguard Int-Term Corporate | Reduce -39.8% | 0.05% | −0.04 |
| BNY Bank of New York Mellon Corp. | Reduce -24.9% | 0.18% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -12.2% | 0.50% | −0.04 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -63.2% | 0.02% | −0.04 |
| NOW ServiceNow Inc. | Reduce -30.0% | 0.06% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -2.9% | 0.31% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.8% | 0.17% | −0.04 |
| COF Capital One Financial Corp. | Reduce -11.9% | 0.22% | −0.04 |
| NXPI NXP Semiconductors NV | Reduce -43.0% | 0.08% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -3.5% | 1.22% | −0.03 |
| VTR Ventas Inc. | Reduce -41.4% | 0.04% | −0.03 |
| ROK Rockwell Automation Inc. | Reduce -30.6% | 0.16% | −0.03 |
| PH Parker Hannifin Corp. | Reduce -3.1% | 0.41% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -1.2% | 0.24% | −0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| MU Micron Technology Inc. | Add +1.3% | 1.46% | +0.98 |
| IMNM Immunome Inc. | New | 0.36% | +0.36 |
| AMD Advanced Micro Devices | Add +40.6% | 0.46% | +0.33 |
| CSCO Cisco Systems Inc. | Add +4.5% | 0.86% | +0.24 |
| PFF iShares Preferred & Income S | New | 0.21% | +0.21 |
| LRCX Lam Research Corp. | Add +132.5% | 0.23% | +0.17 |
| KO The Coca-Cola Co. | Add +91.1% | 0.25% | +0.11 |
| AMCR Amcor PLC | New | 0.10% | +0.10 |
| TXN Texas Instruments Inc. | Add +61.9% | 0.17% | +0.09 |
| MCHP Microchip Technology Inc. | Add +43.2% | 0.18% | +0.08 |
| KHC The Kraft Heinz Co. | Add +172.6% | 0.13% | +0.08 |
| LBRX LB Pharmaceuticals Inc. | New | 0.08% | +0.08 |
| CVS CVS Health Corp. | Add +101.1% | 0.13% | +0.08 |
| JNJ Johnson & Johnson | Add +19.4% | 0.83% | +0.07 |
| GPC Genuine Parts Co. | Add +191.7% | 0.11% | +0.07 |
| TROW T Rowe Price Group Inc. | Add +117.8% | 0.11% | +0.06 |
| HPQ HP Inc. | Add +155.2% | 0.10% | +0.06 |
| KEY Keycorp | Add +127.1% | 0.11% | +0.06 |
| USB US Bancorp | Add +95.1% | 0.12% | +0.06 |
| F Ford Motor Co. | Add +123.2% | 0.10% | +0.06 |
| PAYX Paychex Inc. | Add +137.3% | 0.11% | +0.06 |
| SW Smurfit Westrock PLC | Add +102.0% | 0.11% | +0.06 |
| KVUE Kenvue Inc. | Add +103.5% | 0.11% | +0.05 |
| RTX RTX Corp. | Add +90.7% | 0.14% | +0.05 |
| D Dominion Energy Inc. | Add +119.3% | 0.10% | +0.05 |
| BAC Bank of America Corp. | Add +19.5% | 0.28% | +0.05 |
| ABBV Abbvie Inc. | Add +8.7% | 0.53% | +0.05 |
| SNA Snap-on Inc. | Add +107.8% | 0.10% | +0.05 |
| EVRG Evergy Inc. | Add +110.5% | 0.10% | +0.05 |
| MO Altria Group Inc. | Add +89.6% | 0.11% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Add +117.5% | 0.11% | +0.05 |
| IP International Paper Co. | Add +117.4% | 0.09% | +0.05 |
| SBUX Starbucks Corp. | Add +96.5% | 0.10% | +0.05 |
| ES Eversource Energy | Add +114.0% | 0.10% | +0.05 |
| TGT Target Corp. | Add +90.0% | 0.11% | +0.05 |
| GEV GE Vernova Inc. | Add +146.1% | 0.07% | +0.05 |
| KMI Kinder Morgan Inc. | Add +98.5% | 0.11% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +130.7% | 0.12% | +0.05 |
| DRI Darden Restaurants Inc. | Add +101.7% | 0.10% | +0.04 |
| TRV The Travelers Cos Inc. | Add +193.3% | 0.07% | +0.04 |
| DUK Duke Energy Corp. | Add +155.6% | 0.08% | +0.04 |
| MRK Merck & Co. Inc. | Add +20.6% | 0.36% | +0.04 |
| GLW Corning Inc. | Add +221.5% | 0.05% | +0.04 |
| GIS General Mills Inc. | Add +131.5% | 0.09% | +0.04 |
| OKE Oneok Inc. | Add +112.3% | 0.10% | +0.04 |
| EIX Edison International | Add +91.7% | 0.10% | +0.04 |
| INTC Intel Corp. | Add +16.1% | 0.06% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +86.1% | 0.09% | +0.04 |
| FE Firstenergy Corp. | Add +111.0% | 0.09% | +0.04 |
| IWR iShares Russell Mid-Cap ETF | Add +0.6% | 4.75% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 504 | $2.3B | VOO, DFAX, IWR, IXUS, VCRB |
| Q1 2026 | 508 | $2.0B | VOO, DFAX, IWR, VCRB, IXUS |
| Q4 2025 | 506 | $2.0B | VOO, DFAX, IWR, IXUS, VCRB |
| Q3 2025 | 531 | $2.0B | VOO, DFAX, IXUS, VCRB, NVDA |
| Q2 2025 | 508 | $1.4B | VOO, DFAX, IXUS, AGG, NVDA |
| Q1 2025 | 160 | $1.2B | VOO, DFAX, AGG, IXUS, AAPL |
| Q4 2024 | 157 | $1.3B | VOO, DFAX, AGG, IXUS, AAPL |
| Q3 2024 | 157 | $1.4B | VOO, DFAX, AGG, IXUS, AAPL |
| Q2 2024 | 156 | $1.3B | VOO, DFAX, AGG, IXUS, MSFT |
| Q1 2024 | 161 | $1.3B | VOO, DFAX, AGG, IXUS, MSFT |