Alerus FinancialALRS

13F holders, Q4 2025 (December 31)
142holders +6
14new positions
7sold out
5famous investors
$22.51avg. 13F price*

At the end of Q4 2025, 142 institutions reported holding Alerus Financial Corp. (ALRS) in their 13F filings, up 6 from Q3 2025. 14 opened new positions and 7 sold out. The largest holders were Alerus Financial NA ($51.6M), BlackRock, Inc. ($40.6M) and Vanguard Group Inc. ($29.0M). 5 famous investors held it, including Mario Gabelli (0.0% of GAMCO Investors's portfolio), Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).

Company
Alerus Financial Corp.
CUSIP
01446U103
Latest filing quarter
Q2 2026

History

Number of 13F holders

050100150200 Q1 2024: 88Q1 2024Q2 2024: 93Q2 2024Q3 2024: 102Q3 2024Q4 2024: 111Q4 2024Q1 2025: 113Q1 2025Q2 2025: 126Q2 2025Q3 2025: 136Q3 2025Q4 2025: 142Q4 2025Q1 2026: 149Q1 2026Q2 2026: 161Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions14$3.5M
Exits7$1.3M

All 13F filers, Q3 2025 → Q4 2025: 1,077,666 shares bought and 437,783 shares sold, net +639,883 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 142 holders

Alerus Financial NA 2.52% Reduce -1.1% 2,289,199 $51.6M
BlackRock, Inc. 0.00% Add +0.7% 1,801,441 $40.6M
Vanguard Group Inc. 0.00% Add +1.6% 1,289,690 $29.0M
Dimensional Fund Advisors LP 0.00% Add +4.2% 830,052 $18.7M
Geode Capital Management, LLC 0.00% Add +4.0% 603,392 $13.6M
Endeavour Capital Advisors Inc. 3.24% Add +0.5% 516,532 $11.6M
State Street Corp. 0.00% Add +0.9% 476,030 $10.8M
M3F, Inc. 2.54% Add +56.7% 411,163 $9.3M
Ameriprise Financial Inc. 0.00% Add +1.0% 379,540 $8.5M
Phocas Financial Corp. 0.98% Add +102.2% 334,357 $7.5M
AQR Capital Management 0.00% Reduce -5.0% 323,080 $7.3M
Morgan Stanley 0.00% Reduce -1.2% 304,602 $6.9M
Goldman Sachs Group Inc. 0.00% Add +37.1% 298,060 $6.7M
Choreo, LLC 0.08% Reduce -0.0% 294,571 $6.6M
Grace & White Inc. 1.04% No change 256,233 $5.8M
Wellington Management Group LLP 0.00% Add +8.6% 245,497 $5.5M
Alliancebernstein L.P. 0.00% Reduce -11.1% 243,581 $5.5M
Gendell Jeffrey L 0.09% No change 233,700 $5.3M
Banc Funds Co. LLC 0.96% Reduce -23.9% 214,967 $4.8M
Charles Schwab Investment Management Inc. 0.00% Reduce -2.0% 207,200 $4.7M
CSM Advisors, LLC 0.12% Add +9.5% 201,940 $4.5M
American Century Companies Inc. 0.00% Add +45.5% 182,533 $4.1M
Northern Trust Corp. 0.00% Reduce -8.8% 181,935 $4.1M
Qube Research & Technologies Ltd 0.00% Add +27.6% 140,579 $3.2M
Cutler Capital Management, LLC 1.15% Reduce -6.8% 138,000 $3.1M
Gabelli Funds LLC 0.02% No change 137,821 $3.1M
Bank of New York Mellon Corp 0.00% Add +6.6% 119,042 $2.7M
Renaissance Technologies 0.00% Add +33.6% 119,012 $2.7M
Two Sigma Investments, LP 0.00% Add +25.0% 117,914 $2.7M
Sippican Capital Advisors 1.65% Add +1.8% 113,841 $2.6M
Los Angeles Capital Management LLC 0.01% Add +8.3% 103,334 $2.2M
Acadian Asset Management LLC 0.00% Add +0.1% 90,806 $2.0M
Marshall Wace, LLP 0.00% Add +48.5% 87,178 $2.0M
GAMCO Investors 0.02% Reduce -10.8% 85,093 $1.9M
Martingale Asset Management L P 0.05% Add +5.2% 80,750 $1.8M
First Trust Advisors LP 0.00% Add +2.6% 80,705 $1.8M
Mairs & Power Inc. 0.02% Reduce -8.5% 79,436 $1.8M
JPMorgan Chase & Co. 0.00% Add +3.8% 75,773 $1.7M
Cwm, LLC 0.00% Add +2.2% 73,596 $1.7M
Fortress Financial Group, LLC 1.12% Add +0.1% 67,339 $1.5M
FJ Capital Management LLC 0.17% New 67,134 $1.5M
Gator Capital Management, LLC 0.30% Add +0.8% 65,410 $1.5M
Man Group plc 0.00% Add +25.6% 64,111 $1.4M
Basswood Capital Management, L.L.C. 0.06% No change 60,240 $1.4M
Quantinno Capital Management LP 0.00% Add +46.0% 57,498 $1.3M
New York State Common Retirement Fund 0.00% Add +80.2% 52,214 $1.2M
Barclays PLC 0.00% Add +8.0% 51,283 $1.2M
Wealth Forward, LLC 0.64% No change 50,279 $1.1M
Gsa Capital Partners LLP 0.10% Add +11.3% 49,079 $1.1M
Pinnacle Holdings, LLC 0.42% No change 48,999 $1.1M
Bank of America Corp. 0.00% Add +22.2% 48,918 $1.1M
Federated Hermes, Inc. 0.00% Add +0.7% 46,984 $1.1M
HSBC Holdings PLC 0.00% Add +43.0% 46,666 $1.0M
Millennium Management 0.00% Add +0.9% 39,249 $884K
Nuveen, LLC 0.00% Reduce -68.6% 39,202 $883K
Cetera Investment Advisers 0.00% Add +62.4% 34,690 $781K
Ieq Capital, LLC 0.00% Add +4.8% 33,585 $756K
Mariner, LLC 0.00% Add +9.8% 32,715 $736K
Two Sigma Advisers, LP 0.00% Reduce -22.7% 31,000 $698K
Jane Street Group, LLC 0.00% Add +41.2% 30,882 $695K
Rhumbline Advisers 0.00% Reduce -9.3% 29,953 $675K
Invesco Ltd. 0.00% Reduce -7.6% 29,666 $668K
Johnson Wealth Management, LLC 0.32% No change 28,186 $635K
Creative Planning 0.00% Add +25.4% 27,493 $619K
Wells Fargo & Company 0.00% Add +41.2% 26,857 $605K
Black Maple Capital Management LP 0.41% Add +124.4% 24,576 $553K
Squarepoint Ops LLC 0.00% Reduce -70.9% 23,255 $524K
Citadel Advisors 0.00% New 22,388 $504K
Lafayette Investments, Inc. 0.09% Add +9.0% 21,900 $493K
BNP Paribas Financial Markets 0.00% Add +73.7% 21,900 $493K
XTX Topco Ltd 0.01% Reduce -8.9% 21,855 $492K
Inspire Investing, LLC 0.04% Add +1.2% 20,878 $470K
Trexquant Investment LP 0.00% New 20,745 $467K
Canada Pension Plan Investment Board 0.00% New 18,800 $423K
UBS Group AG 0.00% Reduce -29.3% 17,092 $385K
First PREMIER Bank 0.09% No change 17,036 $384K
Deutsche Bank AG 0.00% No change 16,649 $375K
Bridgeway Capital Management, LLC 0.01% Add +63.5% 15,940 $359K
Mercer Global Advisors Inc. 0.00% Add +35.2% 15,363 $346K
State of Wisconsin Investment Board 0.00% New 15,077 $340K
Connor, Clark & Lunn Investment Management Ltd. 0.00% Add +24.2% 14,730 $332K
T. Rowe Price Associates Inc. 0.00% Add +10.7% 13,594 $307K
Wealth Enhancement Advisory Services, LLC 0.00% Add +5.0% 12,696 $297K
Aviance Capital Partners, LLC 0.03% No change 13,111 $295K
MetLife Investment Management, LLC 0.00% No change 13,109 $295K
Panagora Asset Management Inc. 0.00% New 12,353 $278K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -0.1% 10,905 $246K
Citigroup Inc. 0.00% Add +2838.2% 10,607 $239K
Harbor Advisors LLC 0.03% No change 9,867 $222K
Hanson & Doremus Investment Management 0.03% No change 9,844 $222K
Numerai GP LLC 0.03% Reduce -0.6% 9,195 $207K
FMR LLC 0.00% Add +501.5% 7,807 $176K
Police & Firemen's Retirement System of New Jersey 0.00% No change 6,759 $152K
AlphaQuest LLC 0.01% Add +80.2% 4,816 $108K
Horrell Capital Management, Inc. 0.04% No change 4,440 $100K
Russell Investments Group, Ltd. 0.00% Reduce -25.2% 3,174 $71K
CANADA LIFE ASSURANCE Co 0.00% Add +25.8% 2,222 $50K
US Bancorp \de 0.00% Add +2.4% 2,180 $49K
Legal & General Group Plc 0.00% No change 2,068 $47K
Ameritas Investment Partners, Inc. 0.00% No change 1,964 $44K
Osaic Holdings, Inc. 0.00% Reduce -26.0% 1,897 $43K
Essential Partners LLC 0.01% Reduce -3.1% 1,746 $39K
NewEdge Advisors, LLC 0.00% Add +7.9% 1,563 $35K
Larson Financial Group LLC 0.00% Add +50.0% 1,500 $34K
Thompson Investment Management, Inc. 0.00% No change 1,470 $33K
California State Teachers Retirement System 0.00% Add +2.5% 1,446 $33K
Sterling Capital Management LLC 0.00% Reduce -16.5% 1,355 $31K
State of Alaska, Department of Revenue 0.00% No change 1,025 $23K
EverSource Wealth Advisors, LLC 0.00% Add +18.6% 894 $20K
Cherry Tree Wealth Management, LLC 0.00% No change 830 $19K
Tower Research Capital LLC (TRC) 0.00% Add +0.7% 820 $18K
Amalgamated Bank 0.00% Reduce -4.7% 739 $17K
Basepoint Wealth LLC 0.01% New 673 $15K
Royal Bank of Canada 0.00% Reduce -87.4% 661 $15K
Jones Financial Companies LLLP 0.00% No change 600 $14K
State of Wyoming 0.00% Add +2.4% 517 $12K
Allworth Financial LP 0.00% Add +23.9% 503 $11K
IFP Advisors, Inc 0.00% Add +64.2% 330 $7K
Nisa Investment Advisors, LLC 0.00% Reduce -42.5% 264 $6K
GAMMA Investing LLC 0.00% Reduce -15.7% 221 $5K
Triumph Capital Management 0.00% New 200 $5K
Optiver Holding B.V. 0.00% No change 182 $4K
Rothschild Investment LLC 0.00% Add +34.5% 152 $3K
Torren Management, LLC 0.00% — 150 $3K
Smartleaf Asset Management LLC 0.00% No change 136 $3K
Quarry LP 0.00% New 134 $3K
PNC Financial Services Group, Inc. 0.00% Add +8.3% 131 $3K
Arax Advisory Partners 0.00% Reduce -98.7% 129 $3K
Farther Finance Advisors, LLC 0.00% Add +100.0% 128 $3K
Bayban 0.00% — 125 $3K
True Wealth Design, LLC 0.00% Add +1.6% 64 $1K
Covestor Ltd 0.00% Add +11.1% 50 $1K
Capital Advisors, Ltd. LLC 0.00% No change 24 $1K
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% New 36 $811
Cornerstone Planning Group LLC 0.00% New 31 $738
Parallel Advisors, LLC 0.00% New 26 $586
SBI Securities Co., Ltd. 0.00% Add +33.3% 16 $360
MAI Capital Management 0.00% New 13 $293
SJS Investment Consulting Inc. 0.00% New 7 $158
Sunbelt Securities, Inc. 0.00% Reduce -14.3% 6 $135
Clearstead Advisors, LLC 0.00% Reduce -98.2% 4 $91
Huntington National Bank 0.00% No change 1 $23

"% of holder's portfolio" is ALRS's weight in each manager's 13F, not the share of Alerus Financial Corp. the manager owns.