Alerus Financial NA
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Alerus Financial NA reported 157 stock positions worth $1.3 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.9% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 6.8%) and iShares Core U.S. Aggregate (AGG, 5.9%). Compared with Q3 2024, it opened 15 new positions, sold out of 15, added to 42 and reduced 88. The biggest buy was a new position in Rockwell Automation (ROK) and the biggest sale an exit from Icon (ICLR).
- Most Recent 13F
- Q2 2026
- Location
- GRAND FORKS, ND
- CIK
- 0000919458
- Portfolio Value
- $1.3B (Q4 2024)
- SEC Filing
- 0000919458-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 157 stocks · $1.3B
| VOO Vanguard S&P 500 ETF | 10.86% | 263,252 | $141.8M | Reduce -4.9% |
| DFAX Dimensional World Ex US Core | 6.75% | 3,548,083 | $88.2M | Reduce -1.1% |
| AGG iShares Core U.S. Aggregate | 5.86% | 789,633 | $76.5M | Add +1.7% |
| IXUS iShares Core Intl Stock ETF | 5.63% | 1,111,883 | $73.5M | Add +4.0% |
| AAPL Apple Inc. | 4.09% | 213,069 | $53.4M | Reduce -11.5% |
| MSFT Microsoft Corp. | 3.65% | 113,032 | $47.6M | Reduce -4.4% |
| NVDA Nvidia Corp. | 3.62% | 352,392 | $47.3M | Reduce -8.2% |
| ALRS Alerus Financial Corp. | 3.14% | 2,130,638 | $41.0M | Add +0.3% |
| AVGO Broadcom Inc. | 3.01% | 169,676 | $39.3M | Reduce -4.0% |
| IWR iShares Russell Mid-Cap ETF | 2.68% | 395,500 | $35.0M | Reduce -1.1% |
| VCLT Vanguard Long-Term Corp. Bond | 2.32% | 405,868 | $30.4M | Add +1.9% |
| AMZN Amazon.com Inc. | 2.05% | 122,201 | $26.8M | Reduce -5.7% |
| GOOGL Alphabet Inc. Class A | 1.79% | 123,639 | $23.4M | Reduce -6.6% |
| JPM JPMorgan Chase & Co. | 1.38% | 75,151 | $18.0M | Reduce -34.4% |
| ETN Eaton Corp. PLC | 1.38% | 54,266 | $18.0M | Add +0.4% |
| TSLA Tesla Inc. | 1.30% | 41,965 | $16.9M | Reduce -8.6% |
| META Meta Platforms Inc. Class A | 1.15% | 25,651 | $15.0M | Reduce -9.7% |
| LLY Eli Lilly & Co. | 1.15% | 19,400 | $15.0M | Reduce -5.4% |
| XOM Exxon Mobil Corp. | 1.07% | 130,394 | $14.0M | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 24,727 | $11.2M | Reduce -23.0% |
| CDNS Cadence Design SYS Inc. | 0.78% | 33,709 | $10.1M | Reduce -4.2% |
| AAAU Goldman Sachs Physical Gold | 0.77% | 385,684 | $10.0M | Reduce -27.0% |
| FITB Fifth Third Bancorp | 0.75% | 232,293 | $9.8M | Reduce -4.5% |
| SO The Southern Co. | 0.75% | 119,153 | $9.8M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.74% | 44,127 | $9.7M | Reduce -0.4% |
| TTWO Take-Two Interactive Softwre | 0.73% | 51,882 | $9.6M | Reduce -5.0% |
| MET Metlife Inc. | 0.71% | 112,842 | $9.2M | Reduce -0.3% |
| T AT&T Inc. | 0.70% | 402,641 | $9.2M | Reduce -2.8% |
| DLR Digital Realty Trust Inc. | 0.70% | 51,362 | $9.1M | Reduce -7.9% |
| CLX Clorox Company | 0.70% | 56,056 | $9.1M | Reduce -2.5% |
| XLE SS Energy Select Sector | 0.67% | 101,873 | $8.7M | Add +10.9% |
| PH Parker Hannifin Corp. | 0.67% | 13,677 | $8.7M | Reduce -9.3% |
| ABBV Abbvie Inc. | 0.65% | 48,087 | $8.5M | Add +1.3% |
| TLT iShares 20+ Year Treasury BD | 0.65% | 97,459 | $8.5M | Add +5.5% |
| CVX Chevron Corp. | 0.65% | 58,289 | $8.4M | Add +1.1% |
| HPE Hewlett Packard Enterprise | 0.64% | 391,597 | $8.4M | Reduce -0.1% |
| BSX Boston Scientific Corp. | 0.62% | 90,400 | $8.1M | Reduce -7.4% |
| BBY Best Buy Co. Inc. | 0.61% | 92,276 | $7.9M | Add +0.7% |
| JNJ Johnson & Johnson | 0.60% | 54,185 | $7.8M | Add +2.0% |
| NFLX Netflix Inc. | 0.60% | 8,722 | $7.8M | Reduce -4.8% |
| UL Unilever PLC | 0.59% | 136,875 | $7.8M | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.58% | 15,093 | $7.6M | Add +115.3% |
| COR Cencora Inc. | 0.58% | 33,896 | $7.6M | Reduce -11.6% |
| XLF SS Financial Select Sector | 0.56% | 151,397 | $7.3M | Add +29.8% |
| PG The Procter & Gamble Co. | 0.55% | 42,834 | $7.2M | Add +81.4% |
| WFC Wells Fargo & Co. | 0.53% | 98,465 | $6.9M | Reduce -29.0% |
| CSCO Cisco Systems Inc. | 0.53% | 116,386 | $6.9M | Add +3.7% |
| SPGI S&P Global Inc. | 0.52% | 13,566 | $6.8M | Reduce -13.0% |
| GE General Electric filed as GE AEROSPACE | 0.51% | 39,575 | $6.6M | Reduce -6.2% |
| WMT Walmart Inc. | 0.49% | 70,750 | $6.4M | Reduce -6.3% |
| QSR Restaurant Brands Intern | 0.48% | 96,301 | $6.3M | Add +4.2% |
| VZ Verizon Communications Inc. | 0.48% | 155,688 | $6.2M | Add +1.1% |
| KVUE Kenvue Inc. | 0.47% | 288,088 | $6.2M | Add +50.6% |
| HEI Heico Corp. | 0.47% | 25,549 | $6.1M | Reduce -30.7% |
| MMM 3M Co. | 0.46% | 46,380 | $6.0M | Add +0.6% |
| MA Mastercard Inc. Class A | 0.44% | 10,959 | $5.8M | Add +29.2% |
| ROK Rockwell Automation Inc. | 0.42% | 19,139 | $5.5M | New |
| NOW ServiceNow Inc. | 0.40% | 4,869 | $5.2M | Add +37.7% |
| WSO Watsco Inc. | 0.39% | 10,677 | $5.1M | Reduce -1.5% |
| ISRG Intuitive Surgical Inc. | 0.39% | 9,678 | $5.1M | Add +177.2% |
| VRT Vertiv Holdings Co. Class A | 0.38% | 43,564 | $4.9M | Reduce -13.5% |
| STX Seagate Technology Holdings | 0.38% | 57,174 | $4.9M | Add +2.4% |
| HAS Hasbro Inc. | 0.37% | 86,276 | $4.8M | Add +2.1% |
| XLB SS Materials Select Sector | 0.36% | 56,642 | $4.8M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.36% | 108,305 | $4.8M | Add +823.0% |
| XLY SS Consumer Disc Select Sect | 0.36% | 20,996 | $4.7M | Add +60.1% |
| TGT Target Corp. | 0.36% | 34,728 | $4.7M | Add +2.5% |
| VST Vistra Corp. | 0.34% | 32,613 | $4.5M | New |
| WDC Western Digital Corp. | 0.34% | 74,582 | $4.4M | Reduce -5.7% |
| V Visa Inc. Class A | 0.33% | 13,555 | $4.3M | Reduce -14.2% |
| PGR Progressive Corp. | 0.32% | 17,238 | $4.1M | New |
| ZTS Zoetis Inc. | 0.31% | 25,037 | $4.1M | Reduce -30.1% |
| MU Micron Technology Inc. | 0.31% | 47,353 | $4.0M | Reduce -6.7% |
| CEG Constellation Energy | 0.30% | 17,773 | $4.0M | Reduce -32.9% |
| ORCL Oracle Corp. | 0.29% | 22,689 | $3.8M | Reduce -5.8% |
| ICE Intercontinental Exchange Inc. | 0.29% | 25,296 | $3.8M | Reduce -22.3% |
| ATR Aptargroup Inc. | 0.28% | 23,220 | $3.6M | Reduce -6.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 32,139 | $3.6M | Add +3.0% |
| MRSH Marsh & McLennan Cos | 0.27% | 16,669 | $3.5M | Reduce -9.2% |
| CMG Chipotle Mexican Grill Inc. | 0.27% | 58,508 | $3.5M | Add +9.0% |
| ACGL Arch Capital Group Ltd. | 0.26% | 36,700 | $3.4M | Add +20.6% |
| UNP Union Pacific Corp. | 0.25% | 14,295 | $3.3M | Reduce -0.2% |
| SHOP Shopify Inc. Class A | 0.25% | 30,137 | $3.2M | Reduce -7.1% |
| DD Dupont DE Nemours Inc. | 0.22% | 37,781 | $2.9M | New |
| IVV iShares Core S&P 500 ETF | 0.22% | 4,813 | $2.8M | Reduce -0.1% |
| LNG Cheniere Energy Inc. | 0.21% | 13,031 | $2.8M | Reduce -8.0% |
| MDT Medtronic PLC | 0.21% | 33,960 | $2.7M | Add +637.3% |
| URI United Rentals Inc. | 0.21% | 3,812 | $2.7M | New |
| CYBR Cyberark Software Ltd./Israel | 0.20% | 7,955 | $2.7M | Reduce -5.4% |
| PANW Palo Alto Networks Inc. | 0.19% | 13,693 | $2.5M | Reduce -4.8% |
| LIN Linde PLC | 0.19% | 5,857 | $2.5M | Add +355.4% |
| XLP SS Consumer Staples Sel Sect | 0.18% | 30,170 | $2.4M | Reduce -50.1% |
| IVW iShares S&P 500 Growth ETF | 0.17% | 22,464 | $2.3M | No change |
| MKC McCormick & Co.-Non VTG SHRS | 0.17% | 28,985 | $2.2M | New |
| HD Home Depot Inc. | 0.17% | 5,547 | $2.2M | Reduce -1.9% |
| MCHP Microchip Technology Inc. | 0.15% | 34,330 | $2.0M | New |
| ORLY O'reilly Automotive Inc. | 0.14% | 1,526 | $1.8M | Add +8.2% |
| UPS United Parcel Service Class B | 0.13% | 13,508 | $1.7M | Add +2.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.12% | 5,705 | $1.5M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.12% | 19,566 | $1.5M | New |
Portfolio Sells Q3 2024 → Q4 2024
| ICLR Icon PLC | Sold out | 0.00% | −0.51 |
| JPM JPMorgan Chase & Co. | Reduce -34.4% | 1.38% | −0.39 |
| DFAX Dimensional World Ex US Core | Reduce -1.1% | 6.75% | −0.36 |
| MRK Merck & Co. Inc. | Reduce -80.1% | 0.08% | −0.35 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.35 |
| TMO Thermo Fisher Scientific Inc. | Reduce -75.0% | 0.10% | −0.34 |
| DOW Dow Inc. | Sold out | 0.00% | −0.33 |
| AIZ Assurant Inc. | Sold out | 0.00% | −0.26 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.25 |
| AAAU Goldman Sachs Physical Gold | Reduce -27.0% | 0.77% | −0.24 |
| HEI Heico Corp. | Reduce -30.7% | 0.47% | −0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -23.0% | 0.86% | −0.23 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.22 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -85.3% | 0.03% | −0.21 |
| ZTS Zoetis Inc. | Reduce -30.1% | 0.31% | −0.20 |
| CEG Constellation Energy | Reduce -32.9% | 0.30% | −0.20 |
| CP Canadian Pacific Kansas City | Reduce -88.4% | 0.02% | −0.19 |
| XLP SS Consumer Staples Sel Sect | Reduce -50.1% | 0.18% | −0.19 |
| LLY Eli Lilly & Co. | Reduce -5.4% | 1.15% | −0.19 |
| M Macy's Inc. | Sold out | 0.00% | −0.16 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −0.12 |
| FCX Freeport-McMoran Inc. | Reduce -68.0% | 0.04% | −0.11 |
| ICE Intercontinental Exchange Inc. | Reduce -22.3% | 0.29% | −0.10 |
| MSFT Microsoft Corp. | Reduce -4.4% | 3.65% | −0.08 |
| MU Micron Technology Inc. | Reduce -6.7% | 0.31% | −0.08 |
| GE General Electric | Reduce -6.2% | 0.51% | −0.08 |
| SPGI S&P Global Inc. | Reduce -13.0% | 0.52% | −0.07 |
| IYR iShares US Real Estate ETF | Reduce -36.7% | 0.11% | −0.07 |
| UL Unilever PLC | Reduce -0.1% | 0.59% | −0.06 |
| WDC Western Digital Corp. | Reduce -5.7% | 0.34% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.4% | 1.07% | −0.05 |
| COR Cencora Inc. | Reduce -11.6% | 0.58% | −0.05 |
| XLB SS Materials Select Sector | Reduce -2.4% | 0.36% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -29.0% | 0.53% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -9.7% | 1.15% | −0.04 |
| PH Parker Hannifin Corp. | Reduce -9.3% | 0.67% | −0.03 |
| AAPL Apple Inc. | Reduce -11.5% | 4.09% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -9.2% | 0.27% | −0.03 |
| XCEM Columbia Em Core Ex-China | Sold out | 0.00% | −0.02 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.02 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.02 |
| INTC Intel Corp. | Sold out | 0.00% | −0.02 |
| IBB iShares Biotechnology ETF | Sold out | 0.00% | −0.01 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.01 |
| XLK SS Technology Select Sector | Reduce -46.4% | 0.02% | −0.01 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.01 |
| FITB Fifth Third Bancorp | Reduce -4.5% | 0.75% | −0.01 |
| ATR Aptargroup Inc. | Reduce -6.3% | 0.28% | −0.01 |
| ORCL Oracle Corp. | Reduce -5.8% | 0.29% | −0.01 |
| OMC Omnicom Group | Reduce -6.3% | 0.05% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| ROK Rockwell Automation Inc. | New | 0.42% | +0.42 |
| VST Vistra Corp. | New | 0.34% | +0.34 |
| BAC Bank of America Corp. | Add +823.0% | 0.36% | +0.33 |
| PGR Progressive Corp. | New | 0.32% | +0.32 |
| UNH Unitedhealth Group Inc. | Add +115.3% | 0.58% | +0.28 |
| ISRG Intuitive Surgical Inc. | Add +177.2% | 0.39% | +0.26 |
| PG The Procter & Gamble Co. | Add +81.4% | 0.55% | +0.25 |
| DD Dupont DE Nemours Inc. | New | 0.22% | +0.22 |
| URI United Rentals Inc. | New | 0.21% | +0.21 |
| MDT Medtronic PLC | Add +637.3% | 0.21% | +0.18 |
| XLF SS Financial Select Sector | Add +29.8% | 0.56% | +0.17 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.17% | +0.17 |
| XLY SS Consumer Disc Select Sect | Add +60.1% | 0.36% | +0.17 |
| NOW ServiceNow Inc. | Add +37.7% | 0.40% | +0.16 |
| MCHP Microchip Technology Inc. | New | 0.15% | +0.15 |
| KVUE Kenvue Inc. | Add +50.6% | 0.47% | +0.15 |
| LIN Linde PLC | Add +355.4% | 0.19% | +0.14 |
| MA Mastercard Inc. Class A | Add +29.2% | 0.44% | +0.13 |
| BNY Bank of New York Mellon Corp. | New | 0.12% | +0.12 |
| CSCO Cisco Systems Inc. | Add +3.7% | 0.53% | +0.09 |
| AGG iShares Core U.S. Aggregate | Add +1.7% | 5.86% | +0.09 |
| XLE SS Energy Select Sector | Add +10.9% | 0.67% | +0.08 |
| MTB M & T Bank Corp. | New | 0.07% | +0.07 |
| ALL Allstate Corp. | New | 0.07% | +0.07 |
| ETN Eaton Corp. PLC | Add +0.4% | 1.38% | +0.06 |
| DIS The Walt Disney Co. | Add +3.0% | 0.27% | +0.05 |
| CMG Chipotle Mexican Grill Inc. | Add +9.0% | 0.27% | +0.04 |
| DHR Danaher Corp. | Add +100.2% | 0.08% | +0.03 |
| C Citigroup Inc. | New | 0.03% | +0.03 |
| BSCQ Invesco Bulletshares 2026 CB | New | 0.02% | +0.02 |
| CVX Chevron Corp. | Add +1.1% | 0.65% | +0.02 |
| ORLY O'reilly Automotive Inc. | Add +8.2% | 0.14% | +0.02 |
| GOOG Alphabet Inc. Class C | New | 0.02% | +0.02 |
| EXPE Expedia Group Inc. | New | 0.02% | +0.02 |
| ALE Allete Inc. | New | 0.02% | +0.02 |
| ACGL Arch Capital Group Ltd. | Add +20.6% | 0.26% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.7% | 0.09% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.1% | 0.06% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.3% | 0.05% | +0.00 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +0.1% | 0.05% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.6% | 0.03% | +0.00 |
| PRU Prudential Financial Inc. | Add +3.1% | 0.02% | +0.00 |
| UPS United Parcel Service Class B | Add +2.4% | 0.13% | −0.00 |
| MMM 3M Co. | Add +0.6% | 0.46% | −0.00 |
| QSR Restaurant Brands Intern | Add +4.2% | 0.48% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Add +5.5% | 0.65% | −0.01 |
| TGT Target Corp. | Add +2.5% | 0.36% | −0.03 |
| VZ Verizon Communications Inc. | Add +1.1% | 0.48% | −0.03 |
| JNJ Johnson & Johnson | Add +2.0% | 0.60% | −0.03 |
| ABBV Abbvie Inc. | Add +1.3% | 0.65% | −0.03 |
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 |