Alerus Financial NA
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Alerus Financial NA reported 161 stock positions worth $1.3 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.5% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 7.5%) and iShares Core U.S. Aggregate (AGG, 5.8%). Compared with Q4 2023, it opened 16 new positions, sold out of 5, added to 30 and reduced 88. The biggest buy was Vanguard Long-Term Corp. Bond (VCLT, shares +5773%) and the biggest sale Vanguard Int-Term Corporate (VCIT, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- GRAND FORKS, ND
- CIK
- 0000919458
- Portfolio Value
- $1.3B (Q1 2024)
- SEC Filing
- 0000919458-24-000002 ↗ filed May 13, 2024
Holdings Value
Holdings 161 stocks · $1.3B
| VOO Vanguard S&P 500 ETF | 10.50% | 289,154 | $139.0M | Reduce -3.0% |
| DFAX Dimensional World Ex US Core | 7.52% | 3,914,964 | $99.6M | Reduce -0.8% |
| AGG iShares Core U.S. Aggregate | 5.81% | 785,455 | $76.9M | Add +2.1% |
| IXUS iShares Core Intl Stock ETF | 5.46% | 1,065,449 | $72.3M | Add +0.7% |
| MSFT Microsoft Corp. | 4.06% | 127,724 | $53.7M | Reduce -1.7% |
| ALRS Alerus Financial Corp. | 3.72% | 2,257,483 | $49.3M | Reduce -0.1% |
| AAPL Apple Inc. | 3.13% | 241,781 | $41.5M | Reduce -6.0% |
| NVDA Nvidia Corp. | 2.85% | 41,706 | $37.7M | Reduce -5.9% |
| IWR iShares Russell Mid-Cap ETF | 2.64% | 415,562 | $34.9M | Reduce -0.9% |
| VCLT Vanguard Long-Term Corp. Bond | 2.29% | 387,429 | $30.3M | Add +5772.8% |
| GOOGL Alphabet Inc. Class A | 1.87% | 164,286 | $24.8M | Add +5.0% |
| AVGO Broadcom Inc. | 1.85% | 18,450 | $24.5M | Add +99.2% |
| AMZN Amazon.com Inc. | 1.85% | 135,542 | $24.4M | Add +5.9% |
| JPM JPMorgan Chase & Co. | 1.85% | 122,035 | $24.4M | Reduce -2.4% |
| ETN Eaton Corp. PLC | 1.41% | 59,672 | $18.7M | Reduce -1.0% |
| LLY Eli Lilly & Co. | 1.35% | 22,916 | $17.8M | Reduce -3.9% |
| META Meta Platforms Inc. Class A | 1.28% | 34,892 | $16.9M | Reduce -3.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.09% | 34,191 | $14.4M | Reduce -2.4% |
| XOM Exxon Mobil Corp. | 1.08% | 122,806 | $14.3M | Add +39.6% |
| V Visa Inc. Class A | 1.02% | 48,341 | $13.5M | Reduce -2.8% |
| CDNS Cadence Design SYS Inc. | 0.92% | 38,939 | $12.1M | Add +34.4% |
| AAAU Goldman Sachs Physical Gold | 0.88% | 528,228 | $11.6M | Reduce -0.0% |
| XLE SS Energy Select Sector | 0.85% | 119,293 | $11.3M | Reduce -24.2% |
| CLX Clorox Company | 0.83% | 71,905 | $11.0M | Add +0.8% |
| CVX Chevron Corp. | 0.79% | 66,614 | $10.5M | Add +1.8% |
| PH Parker Hannifin Corp. | 0.79% | 18,737 | $10.4M | Reduce -1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.76% | 52,600 | $10.0M | Reduce -0.8% |
| FITB Fifth Third Bancorp | 0.74% | 262,607 | $9.8M | Reduce -0.4% |
| COR Cencora Inc. | 0.74% | 40,172 | $9.8M | Reduce -1.4% |
| SO The Southern Co. | 0.70% | 129,259 | $9.3M | Add +41.9% |
| MRK Merck & Co. Inc. | 0.67% | 67,349 | $8.9M | Reduce -0.6% |
| WFC Wells Fargo & Co. | 0.67% | 152,666 | $8.8M | Reduce -2.3% |
| TLT iShares 20+ Year Treasury BD | 0.65% | 90,286 | $8.5M | New |
| ABBV Abbvie Inc. | 0.64% | 46,796 | $8.5M | Add +0.2% |
| ICLR Icon PLC | 0.64% | 25,286 | $8.5M | Reduce -0.9% |
| MET Metlife Inc. | 0.64% | 114,016 | $8.4M | Reduce -0.1% |
| TTWO Take-Two Interactive Softwre | 0.63% | 56,183 | $8.3M | Reduce -1.8% |
| XLK SS Technology Select Sector | 0.63% | 39,860 | $8.3M | Reduce -74.0% |
| INTC Intel Corp. | 0.58% | 173,549 | $7.7M | Reduce -1.0% |
| HEI Heico Corp. | 0.57% | 39,816 | $7.6M | Reduce -1.4% |
| T AT&T Inc. | 0.57% | 430,289 | $7.6M | Add +0.9% |
| BBY Best Buy Co. Inc. | 0.57% | 91,837 | $7.5M | Add +1.4% |
| GE General Electric | 0.56% | 42,308 | $7.4M | New |
| DLR Digital Realty Trust Inc. | 0.56% | 51,463 | $7.4M | New |
| UL Unilever PLC | 0.55% | 145,466 | $7.3M | Reduce -9.8% |
| QSR Restaurant Brands Intern | 0.54% | 89,674 | $7.1M | Add +0.3% |
| STX Seagate Technology Holdings | 0.54% | 76,353 | $7.1M | Reduce -1.5% |
| BSX Boston Scientific Corp. | 0.53% | 103,339 | $7.1M | Add +55.9% |
| ZTS Zoetis Inc. | 0.51% | 40,269 | $6.8M | Reduce -12.4% |
| UNP Union Pacific Corp. | 0.51% | 27,706 | $6.8M | Reduce -0.4% |
| OMC Omnicom Group | 0.51% | 70,251 | $6.8M | Add +0.6% |
| HPQ HP Inc. | 0.50% | 220,017 | $6.6M | Add +3.3% |
| VZ Verizon Communications Inc. | 0.49% | 155,222 | $6.5M | Add +0.6% |
| WDC Western Digital Corp. | 0.49% | 94,855 | $6.5M | Reduce -6.3% |
| MU Micron Technology Inc. | 0.49% | 54,802 | $6.5M | Reduce -1.0% |
| XCEM Columbia Em Core Ex-China | 0.45% | 193,445 | $6.0M | New |
| XLI SS Industrial Select Sector | 0.44% | 46,441 | $5.8M | Reduce -35.6% |
| MMM 3M Co. | 0.43% | 53,783 | $5.7M | Add +32.7% |
| NFLX Netflix Inc. | 0.43% | 9,331 | $5.7M | Reduce -0.8% |
| XLB SS Materials Select Sector | 0.42% | 59,852 | $5.6M | Add +0.9% |
| XLY SS Consumer Disc Select Sect | 0.41% | 29,318 | $5.4M | Reduce -43.6% |
| MNST Monster Beverage Corp. | 0.39% | 88,189 | $5.2M | Reduce -4.8% |
| ATR Aptargroup Inc. | 0.39% | 35,822 | $5.2M | Reduce -1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.37% | 8,520 | $5.0M | Reduce -2.6% |
| WMT Walmart Inc. | 0.37% | 82,062 | $4.9M | Add +1.1% |
| DOW Dow Inc. | 0.37% | 83,965 | $4.9M | Reduce -24.9% |
| HAS Hasbro Inc. | 0.37% | 85,864 | $4.9M | Reduce -9.7% |
| ICE Intercontinental Exchange Inc. | 0.36% | 34,754 | $4.8M | Reduce -2.0% |
| WSO Watsco Inc. | 0.36% | 10,996 | $4.7M | Add +0.7% |
| XLP SS Consumer Staples Sel Sect | 0.36% | 61,689 | $4.7M | Reduce -45.9% |
| TSLA Tesla Inc. | 0.34% | 25,990 | $4.6M | Reduce -5.5% |
| ULTA Ulta Beauty Inc. | 0.33% | 8,443 | $4.4M | Reduce -1.3% |
| SPGI S&P Global Inc. | 0.33% | 10,207 | $4.3M | Reduce -1.7% |
| KVUE Kenvue Inc. | 0.31% | 190,173 | $4.1M | Reduce -7.5% |
| MRSH Marsh & McLennan Cos | 0.31% | 19,624 | $4.0M | Reduce -2.5% |
| MCD McDonald's Corp. | 0.30% | 14,293 | $4.0M | New |
| CP Canadian Pacific Kansas City | 0.30% | 45,592 | $4.0M | Reduce -2.4% |
| PINS Pinterest Inc. Class A | 0.30% | 114,383 | $4.0M | Reduce -4.7% |
| EQIX Equinix Inc. | 0.30% | 4,798 | $4.0M | Reduce -47.0% |
| ACN Accenture PLC Class A | 0.29% | 11,103 | $3.8M | Add +164.3% |
| UNH Unitedhealth Group Inc. | 0.27% | 7,353 | $3.6M | Reduce -37.5% |
| SHOP Shopify Inc. Class A | 0.27% | 45,845 | $3.5M | Reduce -2.2% |
| XBI SS SPDR S&P Biotech ETF | 0.25% | 34,797 | $3.3M | Reduce -0.2% |
| ORCL Oracle Corp. | 0.25% | 25,846 | $3.2M | Reduce -1.9% |
| TGT Target Corp. | 0.22% | 16,609 | $2.9M | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.22% | 11,432 | $2.9M | Reduce -11.8% |
| ACGL Arch Capital Group Ltd. | 0.21% | 30,407 | $2.8M | New |
| AIZ Assurant Inc. | 0.20% | 14,297 | $2.7M | Reduce -35.4% |
| IVV iShares Core S&P 500 ETF | 0.20% | 5,062 | $2.7M | Add +1.9% |
| XLV SS Health Care Select Sector | 0.20% | 17,873 | $2.6M | Add +1005.3% |
| LNG Cheniere Energy Inc. | 0.20% | 16,154 | $2.6M | Reduce -8.5% |
| HD Home Depot Inc. | 0.17% | 5,739 | $2.2M | Add +0.0% |
| CYBR Cyberark Software Ltd./Israel | 0.16% | 8,171 | $2.2M | New |
| LIN Linde PLC | 0.16% | 4,630 | $2.1M | Add +321.3% |
| IVW iShares S&P 500 Growth ETF | 0.14% | 22,464 | $1.9M | No change |
| LULU Lululemon Athletica Inc. | 0.14% | 4,630 | $1.8M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.12% | 23,844 | $1.6M | New |
| ISRG Intuitive Surgical Inc. | 0.11% | 3,761 | $1.5M | Reduce -1.1% |
| OKTA Okta Inc. | 0.11% | 14,211 | $1.5M | Reduce -1.3% |
| XLF SS Financial Select Sector | 0.11% | 34,607 | $1.5M | New |
Portfolio Sells Q4 2023 → Q1 2024
| VCIT Vanguard Int-Term Corporate | Reduce -95.9% | 0.09% | −2.32 |
| XLK SS Technology Select Sector | Reduce -74.0% | 0.63% | −1.12 |
| AAPL Apple Inc. | Reduce -6.0% | 3.13% | −0.91 |
| IEF iShares 7-10 Year Treasury B | Reduce -92.6% | 0.05% | −0.64 |
| ALRS Alerus Financial Corp. | Reduce -0.1% | 3.72% | −0.41 |
| XLY SS Consumer Disc Select Sect | Reduce -43.6% | 0.41% | −0.35 |
| DFAX Dimensional World Ex US Core | Reduce -0.8% | 7.52% | −0.35 |
| NKE Nike Inc. Class B | Reduce -79.5% | 0.06% | −0.32 |
| XLP SS Consumer Staples Sel Sect | Reduce -45.9% | 0.36% | −0.31 |
| TXN Texas Instruments Inc. | Reduce -80.2% | 0.07% | −0.31 |
| EQIX Equinix Inc. | Reduce -47.0% | 0.30% | −0.30 |
| WCC Wesco International Inc. | Reduce -73.2% | 0.09% | −0.28 |
| ZG Zillow Group Inc. Class A | Sold out | 0.00% | −0.24 |
| UNH Unitedhealth Group Inc. | Reduce -37.5% | 0.27% | −0.23 |
| XLI SS Industrial Select Sector | Reduce -35.6% | 0.44% | −0.23 |
| XLE SS Energy Select Sector | Reduce -24.2% | 0.85% | −0.23 |
| ZTS Zoetis Inc. | Reduce -12.4% | 0.51% | −0.23 |
| TSLA Tesla Inc. | Reduce -5.5% | 0.34% | −0.21 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.18 |
| IWM iShares Russell 2000 ETF | Reduce -73.6% | 0.06% | −0.17 |
| IYR iShares US Real Estate ETF | Sold out | 0.00% | −0.15 |
| INTC Intel Corp. | Reduce -1.0% | 0.58% | −0.14 |
| DOW Dow Inc. | Reduce -24.9% | 0.37% | −0.13 |
| VOO Vanguard S&P 500 ETF | Reduce -3.0% | 10.50% | −0.12 |
| TTWO Take-Two Interactive Softwre | Reduce -1.8% | 0.63% | −0.12 |
| CZR Caesars Entertainment Inc. | Reduce -49.5% | 0.09% | −0.11 |
| AIZ Assurant Inc. | Reduce -35.4% | 0.20% | −0.10 |
| UL Unilever PLC | Reduce -9.8% | 0.55% | −0.09 |
| PINS Pinterest Inc. Class A | Reduce -4.7% | 0.30% | −0.06 |
| KVUE Kenvue Inc. | Reduce -7.5% | 0.31% | −0.05 |
| LNG Cheniere Energy Inc. | Reduce -8.5% | 0.20% | −0.05 |
| SPGI S&P Global Inc. | Reduce -1.7% | 0.33% | −0.05 |
| UNP Union Pacific Corp. | Reduce -0.4% | 0.51% | −0.04 |
| MNST Monster Beverage Corp. | Reduce -4.8% | 0.39% | −0.04 |
| V Visa Inc. Class A | Reduce -2.8% | 1.02% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -2.2% | 0.27% | −0.03 |
| HAS Hasbro Inc. | Reduce -9.7% | 0.37% | −0.03 |
| AJG Arthur J Gallagher & Co. | Reduce -11.8% | 0.22% | −0.02 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.9% | 2.64% | −0.02 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.02 |
| HEI Heico Corp. | Reduce -1.4% | 0.57% | −0.01 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -7.9% | 0.04% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -2.0% | 0.36% | −0.01 |
| ULTA Ulta Beauty Inc. | Reduce -1.3% | 0.33% | −0.01 |
| ADBE Adobe Inc. | Reduce -0.8% | 0.02% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -2.5% | 0.31% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -14.5% | 0.02% | −0.01 |
| IQV Iqvia Holdings Inc. | Reduce -24.4% | 0.02% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.6% | 0.37% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| VCLT Vanguard Long-Term Corp. Bond | Add +5772.8% | 2.29% | +2.25 |
| AVGO Broadcom Inc. | Add +99.2% | 1.85% | +1.00 |
| TLT iShares 20+ Year Treasury BD | New | 0.65% | +0.65 |
| GE General Electric | New | 0.56% | +0.56 |
| DLR Digital Realty Trust Inc. | New | 0.56% | +0.56 |
| XCEM Columbia Em Core Ex-China | New | 0.45% | +0.45 |
| XOM Exxon Mobil Corp. | Add +39.6% | 1.08% | +0.36 |
| MCD McDonald's Corp. | New | 0.30% | +0.30 |
| CDNS Cadence Design SYS Inc. | Add +34.4% | 0.92% | +0.27 |
| AMZN Amazon.com Inc. | Add +5.9% | 1.85% | +0.26 |
| TGT Target Corp. | New | 0.22% | +0.22 |
| BSX Boston Scientific Corp. | Add +55.9% | 0.53% | +0.22 |
| ACGL Arch Capital Group Ltd. | New | 0.21% | +0.21 |
| XLV SS Health Care Select Sector | Add +1005.3% | 0.20% | +0.18 |
| SO The Southern Co. | Add +41.9% | 0.70% | +0.18 |
| ACN Accenture PLC Class A | Add +164.3% | 0.29% | +0.17 |
| CYBR Cyberark Software Ltd./Israel | New | 0.16% | +0.16 |
| LULU Lululemon Athletica Inc. | New | 0.14% | +0.14 |
| LIN Linde PLC | Add +321.3% | 0.16% | +0.13 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.12% | +0.12 |
| XLF SS Financial Select Sector | New | 0.11% | +0.11 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.10% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +5.0% | 1.87% | +0.09 |
| MMM 3M Co. | Add +32.7% | 0.43% | +0.07 |
| ABBV Abbvie Inc. | Add +0.2% | 0.64% | +0.05 |
| WMT Walmart Inc. | Add +1.1% | 0.37% | +0.02 |
| OMC Omnicom Group | Add +0.6% | 0.51% | +0.02 |
| FTV Fortive Corp. | New | 0.02% | +0.02 |
| VZ Verizon Communications Inc. | Add +0.6% | 0.49% | +0.02 |
| NUE Nucor Corp. | New | 0.02% | +0.02 |
| SCCO Southern Copper Corp. | New | 0.02% | +0.02 |
| SYY Sysco Corp. | New | 0.02% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +1.9% | 0.20% | +0.01 |
| XLB SS Materials Select Sector | Add +0.9% | 0.42% | +0.01 |
| HD Home Depot Inc. | Add +0.0% | 0.17% | +0.00 |
| CLX Clorox Company | Add +0.8% | 0.83% | +0.00 |
| EFG iShares MSCI Eafe Growth ETF | Add +1.1% | 0.04% | +0.00 |
| CENTA Central Garden and Pet Co. Class A | Add +25.0% | 0.04% | −0.00 |
| CVX Chevron Corp. | Add +1.8% | 0.79% | −0.00 |
| BBY Best Buy Co. Inc. | Add +1.4% | 0.57% | −0.01 |
| T AT&T Inc. | Add +0.9% | 0.57% | −0.01 |
| HPQ HP Inc. | Add +3.3% | 0.50% | −0.02 |
| WSO Watsco Inc. | Add +0.7% | 0.36% | −0.02 |
| QSR Restaurant Brands Intern | Add +0.3% | 0.54% | −0.03 |
| IXUS iShares Core Intl Stock ETF | Add +0.7% | 5.46% | −0.15 |
| AGG iShares Core U.S. Aggregate | Add +2.1% | 5.81% | −0.42 |
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 |