ALERUS FINANCIAL NA

CIK

919458

Location

GRAND FORKS, ND

Portfolio Value

Small $919,858,432

Diversification

Diversified

Filing Date

Global Rank

#1,855 / 8,605 ▲ 38 · as of Mar 2026

Top Industry

Semiconductors 12.8%

3Y Alpha vs SPY

+1.9%

Period ended 3 months ago

Filed May 12, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+85.9%

SPY

+76.5%

Annualised alpha

+2.1%

Max drawdown

−19.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

393 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.4%

−0.4 pts

Top 5

25.5%

−2.2 pts

Top 10

38.1%

−3.5 pts

HHI

214

Diversified−31

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	29.7%	$273,500,397	53
Financial Services	18.4%	$169,440,108	61
Communication Services	9.6%	$88,581,738	21
Healthcare	9.6%	$88,070,537	46
Industrials	8.8%	$80,943,128	50
Consumer Cyclical	7.6%	$69,470,361	43
Consumer Defensive	4.7%	$43,260,861	25
Energy	4.5%	$41,706,731	21
Utilities	2.7%	$24,557,670	21
Unclassified	1.9%	$17,857,447	11
Basic Materials	1.5%	$13,998,749	24
Real Estate	0.9%	$8,470,705	17

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
F	Ford Motor Co	+72,803	75,562	$871,985
KVUE	Kenvue Inc.	+57,817	64,256	$1,107,773
PFE	Pfizer Inc	+46,853	48,583	$1,364,210
CMCSA	Comcast Corp	+46,712	47,077	$1,351,580
KEY	Keycorp /New/	+46,076	48,194	$966,289
DOW	Dow Inc.	+43,115	44,127	$1,837,889
BAC	Bank Of America Corp /De/	+29,025	94,204	$4,592,445
CSCO	Cisco Systems, Inc.	+23,966	160,198	$12,429,762
VZ	Verizon Communications Inc	+21,122	239,532	$12,024,506
KO	Coca Cola Co	+17,640	36,297	$2,760,386
USB	US Bancorp De	+16,982	24,158	$1,256,457
MO	Altria Group, Inc.	+16,710	18,194	$1,200,622
CVS	CVS HEALTH Corp	+13,867	13,956	$1,002,319
MRK	Merck & Co., Inc.	+13,787	53,203	$6,399,788
OMC	Omnicom Group Inc.	+13,048	15,446	$1,163,238
OKE	Oneok Inc /New/	+11,708	11,932	$1,078,533
EOG	Eog Resources Inc	+11,601	12,201	$1,763,898
SBUX	Starbucks Corp	+10,721	11,133	$997,405
AMD	Advanced Micro Devices Inc	+10,139	12,997	$2,643,979
COP	Conocophillips	+10,069	11,596	$1,530,672
TROW	Price T Rowe Group Inc	+9,857	9,957	$897,523
PG	PROCTER & GAMBLE Co	+9,825	42,390	$6,122,811
TGT	Target Corp	+9,473	9,749	$1,181,578
PLTR	Palantir Technologies Inc.	+9,363	9,944	$1,454,608
GILD	Gilead Sciences, Inc.	+8,302	8,331	$1,161,091
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SNAP	Snap Inc	−172,606	13,897	$63,926
HPE	Hewlett Packard Enterprise Co	−87,919	420,433	$10,010,509
ALRS	Alerus Financial Corp	−47,458	2,241,741	$53,151,678
SO	Southern Co	−38,229	109,897	$10,607,258
BRBS	Blue Ridge Bankshares, Inc.	−35,015	151,148	$634,821
EQH	Equitable Holdings, Inc.	−29,184	3,717	$137,937
T	At&T Inc.	−25,445	296,694	$8,601,159
LNT	Alliant Energy Corp	−25,165	68,413	$4,909,316
SMG	Scotts Miracle-Gro Co	−23,146	40,701	$2,475,027
TFC	Truist Financial Corp	−20,278	152,297	$7,001,093
DD	DuPont de Nemours, Inc.	−20,186	33,786	$1,547,398
FAST	Fastenal Co	−20,116	51,453	$2,387,419
PFG	Principal Financial Group Inc	−19,516	37,347	$3,365,338
MDT	Medtronic plc	−16,133	37,961	$3,289,320
SCHW	Schwab Charles Corp	−14,125	45,018	$4,230,791
SJM	J M SMUCKER Co	−14,060	29,839	$2,877,673
DLR	Digital Realty Trust, Inc.	−12,629	30,720	$5,536,051
ARM	Arm Holdings PLC /Uk	−12,018	8,256	$1,248,967
PRU	Prudential Financial Inc	−11,131	52,766	$5,154,710
NOW	ServiceNow, Inc.	−10,648	18,564	$1,940,866
HAS	Hasbro, Inc.	−10,052	37,994	$3,556,238
BBY	Best Buy Co Inc	−9,972	65,963	$4,234,824
VRT	Vertiv Holdings Co	−9,662	33,946	$8,506,188
MMM	3M Co	−9,486	35,136	$5,102,801
BNY	Bank of New York Mellon Corp	−7,266	37,416	$4,438,660
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
UL	Unilever PLC	102,522	$5,840,678
KMI	Kinder Morgan, Inc.	40,453	$1,356,389
BMY	Bristol Myers Squibb Co	19,760	$1,198,444
EIX	Edison International	16,275	$1,191,004
SW	Smurfit Westrock plc	27,168	$1,082,644
FE	Firstenergy Corp	21,112	$1,069,533
TMUS	T-Mobile US, Inc.	5,004	$1,050,990
EVRG	Evergy, Inc.	12,755	$1,044,889
DRI	Darden Restaurants Inc	5,291	$1,037,247
KHC	Kraft Heinz Co	45,838	$1,030,896
ES	Eversource Energy	14,250	$987,240
GIS	General Mills Inc	25,833	$961,504
PAYX	Paychex Inc	10,430	$960,811
D	Dominion Energy, Inc	15,353	$949,122
IP	International Paper Co /New/	26,128	$932,769
HPQ	Hp Inc	42,002	$806,858
L	Loews Corp	5,911	$630,940
TRV	Travelers Companies, Inc.	1,590	$463,771
O	Realty Income Corp	7,401	$452,793
WELL	Welltower Inc.	1,923	$380,196
HCA	HCA Healthcare, Inc.	738	$349,251
AIG	American International Group, Inc.	3,328	$250,432
PSA	Public Storage	899	$243,521
ETR	Entergy Corp /De/	2,035	$228,652
HBAN	Huntington Bancshares Inc /Md/	13,818	$216,251
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
SCCO	Southern Copper Corp/	2,114	$300,888
BWXT	BWX Technologies, Inc.	1,000	$172,840
RGLD	Royal Gold Inc	100	$22,229
VNOM	Viper Energy, Inc.	500	$19,315
AU	AngloGold Ashanti PLC	225	$19,188
SDGR	Schrodinger, Inc.	1,000	$17,880
PBT	Permian Basin Royalty Trust	1,000	$16,980
EXTR	Extreme Networks Inc	1,000	$16,650
FIS	Fidelity National Information Services, Inc.	250	$16,615
HIPO	Hippo Holdings Inc.	500	$15,040
BTU	Peabody Energy Corp	500	$14,850
EQT	EQT Corp	250	$13,400
AUR	Aurora Innovation, Inc.	3,000	$11,520
DT	Dynatrace, Inc.	200	$8,668
SLB	Slb Limited/Nv	200	$7,676
PED	Pedevco Corp	650	$7,280
PSLV	Sprott Physical Silver Trust	300	$7,095
EXAS	EXACT SCIENCES CORP	60	$6,093
CARR	CARRIER GLOBAL Corp	99	$5,231
FDS	Factset Research Systems Inc	15	$4,352
FANG	Diamondback Energy, Inc.	27	$4,058
ALL	Allstate Corp	16	$3,330
DXCM	Dexcom Inc	40	$2,654
SNPS	Synopsys Inc	4	$1,878
EW	Edwards Lifesciences Corp	22	$1,875
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

393 positions · $919,858,432 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 393 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	337,090	-2,249	$58,788,496	−7.1%	6.39%
ALRS	Alerus Financial Corp Financial Services	Reduced	2,241,741	-47,458	$53,151,678	+3.1%	5.78%
AAPL	Apple Inc. Technology	Reduced	186,327	-120	$47,287,929	−6.7%	5.14%
MSFT	Microsoft Corp Technology	Added	105,808	+363	$39,166,947	−23.2%	4.26%
AVGO	Broadcom Inc. Technology	Reduced	116,661	-3,973	$36,107,746	−13.5%	3.93%
GOOGL	Alphabet Inc. Communication Services	Reduced	116,527	-4,097	$33,508,504	−11.2%	3.64%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	121,075	-486	$25,216,290	−10.1%	2.74%
XOM	Exxon Mobil Corp Energy	Added	121,871	+4,418	$20,676,633	+46.3%	2.25%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	67,359	-128	$19,814,323	−8.9%	2.15%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	45,206	-1,796	$16,805,330	−20.5%	1.83%
LLY	ELI LILLY & Co Healthcare	Reduced	18,122	-1,582	$16,668,071	−21.3%	1.81%
META	Meta Platforms, Inc. Communication Services	Added	27,293	+429	$15,615,144	−11.9%	1.70%
JNJ	Johnson & Johnson Healthcare	Added	62,506	+5,391	$15,278,966	+29.3%	1.66%
AAAU	Goldman Sachs Physical Gold ETF	Held	306,513	0	$14,157,835	+8.6%	1.54%
CSCO	Cisco Systems, Inc. Technology	Added	160,198	+23,966	$12,429,762	+18.4%	1.35%
VZ	Verizon Communications Inc Communication Services	Added	239,532	+21,122	$12,024,506	+35.2%	1.31%
WMT	Walmart Inc. Consumer Defensive	Added	90,513	+1,430	$11,248,955	+13.3%	1.22%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	23,107	+1,006	$11,072,874	−0.3%	1.20%
ETN	Eaton Corp plc Industrials	Reduced	30,676	-5,242	$10,971,884	−4.1%	1.19%
SO	Southern Co Utilities	Reduced	109,897	-38,229	$10,607,258	−17.9%	1.15%
IBM	International Business Machines Corp Technology	Reduced	43,174	-1,969	$10,464,945	−21.7%	1.14%
HPE	Hewlett Packard Enterprise Co Technology	Reduced	420,433	-87,919	$10,010,509	−18.0%	1.09%
MU	Micron Technology Inc Technology	Reduced	28,573	-624	$9,653,102	+15.8%	1.05%
ABBV	AbbVie Inc. Healthcare	Added	44,234	+4,501	$9,620,452	+6.0%	1.05%
PH	Parker-Hannifin Corp Industrials	Reduced	9,995	-282	$8,947,923	−0.9%	0.97%
GE	General Electric Co Industrials	Reduced	30,563	-3,636	$8,672,862	−17.7%	0.94%
T	At&T Inc. Communication Services	Reduced	296,694	-25,445	$8,601,159	+7.5%	0.94%
CVX	Chevron Corp Energy	Added	41,183	+2,134	$8,520,762	+43.2%	0.93%
VRT	Vertiv Holdings Co Industrials	Reduced	33,946	-9,662	$8,506,188	+20.4%	0.92%
UNH	Unitedhealth Group Inc Healthcare	Reduced	30,448	-1,180	$8,238,924	−21.1%	0.90%
NFLX	Netflix Inc Communication Services	Added	81,792	+3,232	$7,864,300	+6.8%	0.85%
COR	Cencora, Inc. Healthcare	Reduced	24,110	-2,562	$7,573,915	−15.9%	0.82%
HD	Home Depot, Inc. Consumer Cyclical	Added	21,914	+3,260	$7,207,295	+12.3%	0.78%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	88,554	-2,810	$7,049,783	−17.2%	0.77%
TFC	Truist Financial Corp Financial Services	Reduced	152,297	-20,278	$7,001,093	−17.6%	0.76%
TTWO	Take Two Interactive Software Inc Communication Services	Reduced	33,636	-4,255	$6,643,110	−31.5%	0.72%
MRK	Merck & Co., Inc. Healthcare	Added	53,203	+13,787	$6,399,788	+54.3%	0.70%
CDNS	Cadence Design Systems Inc Technology	Reduced	22,502	-4,655	$6,252,630	−26.3%	0.68%
CAT	Caterpillar Inc Industrials	Reduced	8,662	-1,139	$6,136,680	+9.3%	0.67%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	42,390	+9,825	$6,122,811	+31.2%	0.67%
LNG	Cheniere Energy, Inc. Energy	Reduced	20,679	-5,464	$5,867,873	+15.5%	0.64%
UL	Unilever PLC Consumer Defensive	NEW	102,522	NEW	$5,840,678	NEW	0.63%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	30,720	-12,629	$5,536,051	−17.5%	0.60%
MA	Mastercard Inc Financial Services	Reduced	10,932	-166	$5,462,283	−13.8%	0.59%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	33,943	-5,208	$5,338,555	−15.8%	0.58%
PRU	Prudential Financial Inc Financial Services	Reduced	52,766	-11,131	$5,154,710	−28.5%	0.56%
HEI	Heico Corp Industrials	Reduced	18,713	-3,182	$5,131,104	−27.6%	0.56%
MMM	3M Co Industrials	Reduced	35,136	-9,486	$5,102,801	−28.6%	0.55%
COF	Capital One Financial Corp Financial Services	Reduced	27,896	-89	$5,089,067	−25.0%	0.55%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	11,003	-1,864	$5,072,272	−30.4%	0.55%