Alerus Financial NA
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), Alerus Financial NA reported 156 stock positions worth $1.3 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.7% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 7.4%) and iShares Core U.S. Aggregate (AGG, 5.9%). Compared with Q1 2024, it opened 11 new positions, sold out of 16, added to 33 and reduced 83. The biggest buy was Apple (AAPL, shares +3%) and the biggest sale Alerus Financial (ALRS, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- GRAND FORKS, ND
- CIK
- 0000919458
- Portfolio Value
- $1.3B (Q2 2024)
- SEC Filing
- 0000919458-24-000003 ↗ filed Aug 8, 2024
Holdings Value
Holdings 156 stocks · $1.3B
| VOO Vanguard S&P 500 ETF | 10.71% | 286,632 | $143.4M | Reduce -0.9% |
| DFAX Dimensional World Ex US Core | 7.38% | 3,884,543 | $98.7M | Reduce -0.8% |
| AGG iShares Core U.S. Aggregate | 5.86% | 808,108 | $78.4M | Add +2.9% |
| IXUS iShares Core Intl Stock ETF | 5.48% | 1,085,216 | $73.3M | Add +1.9% |
| MSFT Microsoft Corp. | 4.08% | 121,992 | $54.5M | Reduce -4.5% |
| AAPL Apple Inc. | 3.93% | 249,476 | $52.5M | Add +3.2% |
| NVDA Nvidia Corp. | 3.81% | 413,003 | $51.0M | Reduce -1.0% |
| ALRS Alerus Financial Corp. | 3.13% | 2,134,233 | $41.9M | Reduce -5.5% |
| IWR iShares Russell Mid-Cap ETF | 2.54% | 418,596 | $33.9M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 2.33% | 171,092 | $31.2M | Add +4.1% |
| AVGO Broadcom Inc. | 2.28% | 18,959 | $30.4M | Add +2.8% |
| VCLT Vanguard Long-Term Corp. Bond | 2.25% | 396,287 | $30.1M | Add +2.3% |
| AMZN Amazon.com Inc. | 2.09% | 144,445 | $27.9M | Add +6.6% |
| JPM JPMorgan Chase & Co. | 1.79% | 118,325 | $23.9M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 1.47% | 21,788 | $19.7M | Reduce -4.9% |
| ETN Eaton Corp. PLC | 1.33% | 56,680 | $17.8M | Reduce -5.0% |
| META Meta Platforms Inc. Class A | 1.26% | 33,351 | $16.8M | Reduce -4.4% |
| XOM Exxon Mobil Corp. | 1.16% | 134,945 | $15.5M | Add +9.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 33,617 | $13.7M | Reduce -1.7% |
| V Visa Inc. Class A | 0.94% | 47,677 | $12.5M | Reduce -1.4% |
| AAAU Goldman Sachs Physical Gold | 0.91% | 528,228 | $12.2M | No change |
| CDNS Cadence Design SYS Inc. | 0.82% | 35,471 | $10.9M | Reduce -8.9% |
| XLE SS Energy Select Sector | 0.80% | 117,099 | $10.7M | Reduce -1.8% |
| SO The Southern Co. | 0.76% | 130,802 | $10.1M | Add +1.2% |
| PH Parker Hannifin Corp. | 0.69% | 18,121 | $9.2M | Reduce -3.3% |
| FITB Fifth Third Bancorp | 0.68% | 250,558 | $9.1M | Reduce -4.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.68% | 52,574 | $9.1M | Reduce -0.1% |
| CVX Chevron Corp. | 0.67% | 57,584 | $9.0M | Reduce -13.6% |
| COR Cencora Inc. | 0.66% | 39,143 | $8.8M | Reduce -2.6% |
| DLR Digital Realty Trust Inc. | 0.65% | 57,624 | $8.8M | Add +12.0% |
| HEI Heico Corp. | 0.65% | 38,849 | $8.7M | Reduce -2.4% |
| WFC Wells Fargo & Co. | 0.65% | 145,713 | $8.7M | Reduce -4.5% |
| TTWO Take-Two Interactive Softwre | 0.65% | 55,592 | $8.6M | Reduce -1.1% |
| TLT iShares 20+ Year Treasury BD | 0.63% | 91,374 | $8.4M | Add +1.2% |
| ABBV Abbvie Inc. | 0.62% | 47,985 | $8.2M | Add +2.5% |
| HPE Hewlett Packard Enterprise | 0.62% | 388,764 | $8.2M | New |
| CLX Clorox Company | 0.60% | 59,004 | $8.1M | Reduce -17.9% |
| MET Metlife Inc. | 0.60% | 114,294 | $8.0M | Add +0.2% |
| T AT&T Inc. | 0.60% | 418,526 | $8.0M | Reduce -2.7% |
| UL Unilever PLC | 0.59% | 144,359 | $7.9M | Reduce -0.8% |
| TSLA Tesla Inc. | 0.59% | 39,583 | $7.8M | Add +52.3% |
| BSX Boston Scientific Corp. | 0.58% | 101,505 | $7.8M | Reduce -1.8% |
| BBY Best Buy Co. Inc. | 0.58% | 92,708 | $7.8M | Add +0.9% |
| ICLR Icon PLC | 0.58% | 24,869 | $7.8M | Reduce -1.6% |
| STX Seagate Technology Holdings | 0.58% | 74,719 | $7.7M | Reduce -2.1% |
| SPGI S&P Global Inc. | 0.54% | 16,198 | $7.2M | Add +58.7% |
| MU Micron Technology Inc. | 0.52% | 52,913 | $7.0M | Reduce -3.5% |
| ZTS Zoetis Inc. | 0.51% | 39,312 | $6.8M | Reduce -2.4% |
| GE General Electric filed as GE AEROSPACE | 0.51% | 42,814 | $6.8M | Add +1.2% |
| MMM 3M Co. | 0.49% | 63,861 | $6.5M | Add +18.7% |
| QSR Restaurant Brands Intern | 0.48% | 91,371 | $6.4M | Add +1.9% |
| MRK Merck & Co. Inc. | 0.48% | 51,690 | $6.4M | Reduce -23.3% |
| VZ Verizon Communications Inc. | 0.48% | 154,876 | $6.4M | Reduce -0.2% |
| WDC Western Digital Corp. | 0.47% | 83,670 | $6.3M | Reduce -11.8% |
| NFLX Netflix Inc. | 0.46% | 9,171 | $6.2M | Reduce -1.7% |
| XCEM Columbia Em Core Ex-China | 0.46% | 192,053 | $6.1M | Reduce -0.7% |
| INTC Intel Corp. | 0.43% | 187,152 | $5.8M | Add +7.8% |
| WMT Walmart Inc. | 0.41% | 80,447 | $5.4M | Reduce -2.0% |
| XLI SS Industrial Select Sector | 0.40% | 44,255 | $5.4M | Reduce -4.7% |
| TGT Target Corp. | 0.39% | 35,344 | $5.2M | Add +112.8% |
| XLB SS Materials Select Sector | 0.38% | 58,213 | $5.1M | Reduce -2.7% |
| WSO Watsco Inc. | 0.38% | 10,922 | $5.1M | Reduce -0.7% |
| HAS Hasbro Inc. | 0.37% | 85,572 | $5.0M | Reduce -0.3% |
| ATR Aptargroup Inc. | 0.37% | 35,060 | $4.9M | Reduce -2.1% |
| XLP SS Consumer Staples Sel Sect | 0.35% | 61,627 | $4.7M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.35% | 8,492 | $4.7M | Reduce -0.3% |
| ICE Intercontinental Exchange Inc. | 0.35% | 34,077 | $4.7M | Reduce -1.9% |
| DOW Dow Inc. | 0.34% | 84,991 | $4.5M | Add +1.2% |
| Z Zillow Group Inc. Class C | 0.32% | 92,154 | $4.3M | New |
| JNJ Johnson & Johnson | 0.32% | 28,831 | $4.2M | Add +666.6% |
| MRSH Marsh & McLennan Cos | 0.30% | 19,310 | $4.1M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.29% | 23,878 | $3.9M | Add +1055.2% |
| UNH Unitedhealth Group Inc. | 0.28% | 7,257 | $3.7M | Reduce -1.3% |
| ORCL Oracle Corp. | 0.27% | 25,524 | $3.6M | Reduce -1.3% |
| KVUE Kenvue Inc. | 0.26% | 190,854 | $3.5M | Add +0.4% |
| UNP Union Pacific Corp. | 0.25% | 14,522 | $3.3M | Reduce -47.6% |
| XBI SS SPDR S&P Biotech ETF | 0.24% | 34,660 | $3.2M | Reduce -0.4% |
| ACGL Arch Capital Group Ltd. | 0.23% | 30,275 | $3.1M | Reduce -0.4% |
| AIZ Assurant Inc. | 0.23% | 18,290 | $3.0M | Add +27.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.22% | 11,192 | $2.9M | Reduce -2.1% |
| CP Canadian Pacific Kansas City | 0.21% | 36,470 | $2.9M | Reduce -20.0% |
| SHOP Shopify Inc. Class A | 0.21% | 43,054 | $2.8M | Reduce -6.1% |
| ULTA Ulta Beauty Inc. | 0.21% | 7,325 | $2.8M | Reduce -13.2% |
| ACN Accenture PLC Class A | 0.20% | 8,826 | $2.7M | Reduce -20.5% |
| XLV SS Health Care Select Sector | 0.20% | 18,322 | $2.7M | Add +2.5% |
| LNG Cheniere Energy Inc. | 0.20% | 15,265 | $2.7M | Reduce -5.5% |
| IVV iShares Core S&P 500 ETF | 0.20% | 4,818 | $2.6M | Reduce -4.8% |
| HUBS HubSpot Inc. | 0.20% | 4,466 | $2.6M | New |
| PANW Palo Alto Networks Inc. | 0.19% | 7,468 | $2.5M | New |
| CYBR Cyberark Software Ltd./Israel | 0.17% | 8,282 | $2.3M | Add +1.4% |
| IVW iShares S&P 500 Growth ETF | 0.16% | 22,464 | $2.1M | No change |
| LIN Linde PLC | 0.15% | 4,582 | $2.0M | Reduce -1.0% |
| HD Home Depot Inc. | 0.15% | 5,731 | $2.0M | Reduce -0.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.14% | 26,806 | $1.8M | Add +12.4% |
| IYR iShares US Real Estate ETF | 0.13% | 20,519 | $1.8M | New |
| UPS United Parcel Service Class B | 0.13% | 12,892 | $1.8M | New |
| VRT Vertiv Holdings Co. Class A | 0.13% | 19,705 | $1.7M | New |
| ISRG Intuitive Surgical Inc. | 0.12% | 3,725 | $1.7M | Reduce -1.0% |
| ORLY O'reilly Automotive Inc. | 0.12% | 1,470 | $1.6M | New |
| ECL Ecolab Inc. | 0.11% | 6,051 | $1.4M | No change |
Portfolio Sells Q1 2024 → Q2 2024
| ALRS Alerus Financial Corp. | Reduce -5.5% | 3.13% | −0.59 |
| XLK SS Technology Select Sector | Reduce -94.2% | 0.04% | −0.59 |
| HPQ HP Inc. | Sold out | 0.00% | −0.50 |
| OMC Omnicom Group | Reduce -87.9% | 0.06% | −0.46 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.41 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.39 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.30 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.30 |
| UNP Union Pacific Corp. | Reduce -47.6% | 0.25% | −0.27 |
| EQIX Equinix Inc. | Reduce -75.8% | 0.07% | −0.23 |
| CLX Clorox Company | Reduce -17.9% | 0.60% | −0.23 |
| MRK Merck & Co. Inc. | Reduce -23.3% | 0.48% | −0.19 |
| DFAX Dimensional World Ex US Core | Reduce -0.8% | 7.38% | −0.14 |
| ULTA Ulta Beauty Inc. | Reduce -13.2% | 0.21% | −0.12 |
| CVX Chevron Corp. | Reduce -13.6% | 0.67% | −0.12 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.11 |
| PH Parker Hannifin Corp. | Reduce -3.3% | 0.69% | −0.10 |
| CDNS Cadence Design SYS Inc. | Reduce -8.9% | 0.82% | −0.10 |
| ACN Accenture PLC Class A | Reduce -20.5% | 0.20% | −0.09 |
| CP Canadian Pacific Kansas City | Reduce -20.0% | 0.21% | −0.09 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.09 |
| V Visa Inc. Class A | Reduce -1.4% | 0.94% | −0.08 |
| ETN Eaton Corp. PLC | Reduce -5.0% | 1.33% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -0.1% | 0.68% | −0.08 |
| COR Cencora Inc. | Reduce -2.6% | 0.66% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.7% | 1.02% | −0.06 |
| ICLR Icon PLC | Reduce -1.6% | 0.58% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -3.0% | 1.79% | −0.06 |
| FITB Fifth Third Bancorp | Reduce -4.6% | 0.68% | −0.05 |
| SHOP Shopify Inc. Class A | Reduce -6.1% | 0.21% | −0.05 |
| XLE SS Energy Select Sector | Reduce -1.8% | 0.80% | −0.05 |
| LULU Lululemon Athletica Inc. | Reduce -9.1% | 0.09% | −0.04 |
| XLI SS Industrial Select Sector | Reduce -4.7% | 0.40% | −0.04 |
| XLB SS Materials Select Sector | Reduce -2.7% | 0.38% | −0.04 |
| OTTR Otter Tail Corp. | Sold out | 0.00% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Reduce -24.4% | 0.07% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.35% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -4.4% | 1.26% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -4.5% | 0.65% | −0.02 |
| ATR Aptargroup Inc. | Reduce -2.1% | 0.37% | −0.02 |
| NKE Nike Inc. Class B | Reduce -14.4% | 0.04% | −0.02 |
| HD Home Depot Inc. | Reduce -0.1% | 0.15% | −0.02 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.02 |
| FTV Fortive Corp. | Sold out | 0.00% | −0.02 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.02 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.02 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.02 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.02 |
| WDC Western Digital Corp. | Reduce -11.8% | 0.47% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -0.2% | 0.48% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +3.2% | 3.93% | +0.80 |
| HPE Hewlett Packard Enterprise | New | 0.62% | +0.62 |
| GOOGL Alphabet Inc. Class A | Add +4.1% | 2.33% | +0.46 |
| AVGO Broadcom Inc. | Add +2.8% | 2.28% | +0.43 |
| Z Zillow Group Inc. Class C | New | 0.32% | +0.32 |
| JNJ Johnson & Johnson | Add +666.6% | 0.32% | +0.27 |
| PG The Procter & Gamble Co. | Add +1055.2% | 0.29% | +0.27 |
| TSLA Tesla Inc. | Add +52.3% | 0.59% | +0.24 |
| AMZN Amazon.com Inc. | Add +6.6% | 2.09% | +0.24 |
| SPGI S&P Global Inc. | Add +58.7% | 0.54% | +0.21 |
| HUBS HubSpot Inc. | New | 0.20% | +0.20 |
| PANW Palo Alto Networks Inc. | New | 0.19% | +0.19 |
| TGT Target Corp. | Add +112.8% | 0.39% | +0.17 |
| IYR iShares US Real Estate ETF | New | 0.13% | +0.13 |
| UPS United Parcel Service Class B | New | 0.13% | +0.13 |
| VRT Vertiv Holdings Co. Class A | New | 0.13% | +0.13 |
| ORLY O'reilly Automotive Inc. | New | 0.12% | +0.12 |
| DLR Digital Realty Trust Inc. | Add +12.0% | 0.65% | +0.10 |
| XOM Exxon Mobil Corp. | Add +9.9% | 1.16% | +0.08 |
| SO The Southern Co. | Add +1.2% | 0.76% | +0.06 |
| MMM 3M Co. | Add +18.7% | 0.49% | +0.06 |
| AGG iShares Core U.S. Aggregate | Add +2.9% | 5.86% | +0.05 |
| AIZ Assurant Inc. | Add +27.9% | 0.23% | +0.02 |
| NOW ServiceNow Inc. | New | 0.02% | +0.02 |
| IXUS iShares Core Intl Stock ETF | Add +1.9% | 5.48% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +12.4% | 0.14% | +0.02 |
| GOOG Alphabet Inc. Class C | New | 0.02% | +0.02 |
| BBY Best Buy Co. Inc. | Add +0.9% | 0.58% | +0.02 |
| CYBR Cyberark Software Ltd./Israel | Add +1.4% | 0.17% | +0.01 |
| PRU Prudential Financial Inc. | Add +15.3% | 0.02% | +0.00 |
| GLUCOTRACK INC | New | 0.00% | +0.00 |
| XLV SS Health Care Select Sector | Add +2.5% | 0.20% | +0.00 |
| SCCO Southern Copper Corp. | Add +1.0% | 0.02% | +0.00 |
| CSCO Cisco Systems Inc. | Add +6.0% | 0.02% | 0.00 |
| TLT iShares 20+ Year Treasury BD | Add +1.2% | 0.63% | −0.02 |
| ABBV Abbvie Inc. | Add +2.5% | 0.62% | −0.03 |
| DOW Dow Inc. | Add +1.2% | 0.34% | −0.03 |
| MET Metlife Inc. | Add +0.2% | 0.60% | −0.04 |
| VCLT Vanguard Long-Term Corp. Bond | Add +2.3% | 2.25% | −0.04 |
| KVUE Kenvue Inc. | Add +0.4% | 0.26% | −0.05 |
| GE General Electric | Add +1.2% | 0.51% | −0.05 |
| QSR Restaurant Brands Intern | Add +1.9% | 0.48% | −0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +0.7% | 2.54% | −0.10 |
| INTC Intel Corp. | Add +7.8% | 0.43% | −0.15 |
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 |