ALRS · Alerus Financial Corp

$33.24 +0.01 (+0.03%) At close · Aug 27

Market Cap

$827.53M

24.90M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Quarter:

Holders: 157

Total Value: $500,623,268

Total Shares: 16,097,214

Showing 1–100 of 158 holdings by value · page 1 of 2

Institutional Ownership Trend

26 quarters

Superinvestors Holding ALRS

All superinvestors →

Mario Gabelli $705,068

Holder Concentration

Across 157 13F filers · Δ vs Mar 31, 2026

Top Holder

13.1%

−1.0 pts

Top 5

40.3%

−0.6 pts

Top 10

54.2%

−0.7 pts

HHI

478

Broadly held−20

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: +8

Institutional value: +33.4%

Shares held: +1.7%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega GOLDMAN SACHS GROUP INC	+158,794	525,321
Large MAIRS & POWER INC	+123,981	203,417
Small Phocas Financial Corp.	+93,259	354,155
Mega Qube Research & Technologies Ltd	+73,492	164,333
Mega STATE STREET CORP	+68,087	561,249

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Small ENDEAVOUR CAPITAL ADVISORS INC	−222,711	339,518
Mid ALERUS FINANCIAL NA	−125,568	2,116,173
Mega AMERIPRISE FINANCIAL INC	−73,030	310,910
Mega MILLENNIUM MANAGEMENT LLC	−69,426	37,560
Large RENAISSANCE TECHNOLOGIES LLC	−56,045	42,241

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Large ProShare Advisors LLC	226,312	$7,038,303
Mega CITADEL ADVISORS LLC	26,211	$815,162
Large STRS OHIO	24,900	$774,390
Small Odyssean, LLC	18,781	$584,089
Large Connor, Clark & Lunn Investment Management Ltd.	17,933	$557,716

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Mega WELLINGTON MANAGEMENT GROUP LLP	242,021	$5,738,317
Micro Sippican Capital Advisors	113,141	$2,682,573
Large CWM, LLC	73,245	$1,736,638
Small Pinnacle Holdings, LLC	48,999	$1,161,766
Small CARRET ASSET MANAGEMENT, LLC	37,000	$877,270

Filter: New 26 Increased 63 Reduced 37 Sold out 18 Unchanged 31

Showing 100 of 158

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

ALERUS FINANCIAL NA

$65,812,979

13.15%

2,116,173

BlackRock, Inc.

$56,671,725

11.32%

1,822,242

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	11,100	$345,210	0.6%	Sole
BlackRock Asset Management Canada Ltd	101	$3,141	0.0%	Sole
BlackRock Investment Management, LLC	75,640	$2,352,404	4.2%	Sole
BLACKROCK ADVISORS LLC	54,457	$1,693,612	3.0%	Sole
BlackRock Fund Advisors	972,591	$30,247,580	53.4%	Sole
BlackRock Institutional Trust Company, N.A.	668,113	$20,778,314	36.7%	Sole
Aperio Group, LLC	40,240	$1,251,464	2.2%	Sole

VANGUARD CAPITAL MANAGEMENT LLC

$29,415,997

5.88%

945,852

DIMENSIONAL FUND ADVISORS LP

$29,341,138

5.86%

943,445

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	2,236	$69,539	0.2%	Defined
DFA Australia Ltd.	11,152	$346,827	1.2%	Defined
Dimensional Ireland Ltd	33,715	$1,048,536	3.6%	Defined
Held directly	896,342	$27,876,236	95.0%	Sole

GEODE CAPITAL MANAGEMENT, LLC

$20,376,221

4.07%

655,184

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	93,328	$2,902,500	14.2%	Defined
Held directly	561,856	$17,473,721	85.8%	Defined

STATE STREET CORP

$17,454,843

3.49%

561,249

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS EUROPE LIMITED joint	561,249	$17,454,843	100.0%	Defined

GOLDMAN SACHS GROUP INC

$16,337,481

3.26%

525,321

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	92,674	$2,882,161	17.6%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	415,738	$12,929,451	79.1%	Defined
Goldman Sachs Trust Company, N.A. joint	16,909	$525,869	3.2%	Other

M3F, Inc.

$12,972,058

2.59%

417,108

Stieven Capital Advisors, L.P.

$11,881,257

2.37%

382,034

Phocas Financial Corp.

$11,014,220

2.20%

354,155

BANC FUNDS CO LLC

$10,859,031

2.17%

349,165

ENDEAVOUR CAPITAL ADVISORS INC

$10,559,009

2.11%

339,518

AMERIPRISE FINANCIAL INC

$9,669,301

1.93%

310,910

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Columbia Management Investment Advisers, LLC	310,910	$9,669,301	100.0%	Defined

AQR CAPITAL MANAGEMENT LLC

$9,226,994

1.84%

296,688

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RF&L WEALTH MANAGEMENT, LLC	12	$373	0.0%	Other
Prism Planning Partners LLC	155	$4,820	0.1%	Other
Compound Planning, Inc.	10	$311	0.0%	Other
Arax Advisory Partners	7,327	$227,869	2.5%	Other
HALBERT HARGROVE GLOBAL ADVISORS, LLC	1,274	$39,621	0.4%	Other
Stokes Family Office, LLC	463	$14,399	0.2%	Other
Held directly	287,447	$8,939,601	96.9%	Defined

CHOREO, LLC

$9,120,541

1.82%

293,265

AMERICAN CENTURY COMPANIES INC

$8,636,096

1.73%

277,688

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AMERICAN CENTURY INVESTMENT MANAGEMENT INC	277,688	$8,636,096	100.0%	Defined

ALLIANCEBERNSTEIN L.P.

$7,742,687

1.55%

248,961

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Equitable Holdings, Inc.	248,961	$7,742,687	100.0%	Defined

CSM Advisors, LLC

$7,442,852

1.49%

239,320

MORGAN STANLEY

$7,384,133

1.47%

237,432

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	55	$1,710	0.0%	Defined
MORGAN STANLEY & CO. LLC	7,204	$224,044	3.0%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	57,981	$1,803,209	24.4%	Defined
MORGAN STANLEY SMITH BARNEY LLC	142,534	$4,432,807	60.0%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	29,658	$922,363	12.5%	Defined

GENDELL JEFFREY L

$7,268,070

1.45%

233,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Tontine Associates, LLC	233,700	$7,268,070	100.0%	Defined

GRACE & WHITE INC /NY

$7,094,158

1.42%

228,108

ProShare Advisors LLC

$7,038,303

1.41%

226,312

VANGUARD PORTFOLIO MANAGEMENT LLC

$6,524,158

1.30%

209,780

NORTHERN TRUST CORP

$6,381,096

1.27%

205,180

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	188,674	$5,867,760	92.0%	Defined
NORTHERN TRUST GLOBAL INVESTMENTS LTD	12,724	$395,716	6.2%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	3,782	$117,620	1.8%	Other

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$6,378,392

1.27%

205,093

MAIRS & POWER INC

$6,326,268

1.26%

203,417

Qube Research & Technologies Ltd

$5,110,756

1.02%

164,333

VANGUARD FIDUCIARY TRUST CO

$5,056,580

1.01%

162,591

FEDERATED HERMES, INC.

$4,335,837

0.87%

139,416

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FEDERATED MDTA LLC	139,416	$4,335,837	100.0%	Defined

GABELLI FUNDS LLC

$4,190,320

0.84%

134,737

Cutler Capital Management, LLC

$4,179,840

0.83%

134,400

Bank of New York Mellon Corp

$3,869,274

0.77%

124,414

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation	79,922	$2,485,574	64.2%	Defined
The Bank of New York Mellon	43,967	$1,367,373	35.3%	Defined
BNY Mellon, NA joint	523	$16,265	0.4%	Defined
Held directly	2	$62	0.0%	Defined

Quantinno Capital Management LP

$3,867,222

0.77%

124,348

BRIDGEWAY CAPITAL MANAGEMENT, LLC

$3,387,287

0.68%

108,916

Empowered Funds, LLC

$3,084,062

0.62%

99,166

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Bridgeway Capital Management, LLC	99,166	$3,084,062	100.0%	Other

ACADIAN ASSET MANAGEMENT LLC

$2,769,330

0.55%

89,046

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Acadian Inc	89,046	$2,769,330	100.0%	Defined

FIRST TRUST ADVISORS LP

$2,611,218

0.52%

83,962

Trexquant Investment LP

$2,604,251

0.52%

83,738

TWO SIGMA INVESTMENTS, LP

$2,559,530

0.51%

82,300

NEW YORK STATE COMMON RETIREMENT FUND

$2,318,784

0.46%

74,559

LOS ANGELES CAPITAL MANAGEMENT LLC

$2,213,915

0.44%

71,187

FORTRESS FINANCIAL GROUP, LLC

$2,063,298

0.41%

66,344

XTX Topco Ltd

$1,894,207

0.38%

60,907

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	60,907	$1,894,207	100.0%	Defined

BASSWOOD CAPITAL MANAGEMENT, L.L.C.

$1,873,464

0.37%

60,240

JPMORGAN CHASE & CO

$1,725,737

0.34%

55,490

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	12,620	$392,482	22.7%	Defined
J.P. Morgan Investment Management Inc.	42,698	$1,327,907	76.9%	Defined
J.P. Morgan Securities LLC	46	$1,430	0.1%	Defined
J.P. Morgan Securities plc	126	$3,918	0.2%	Defined

Gator Capital Management, LLC

$1,692,462

0.34%

54,420

Wealth Forward, LLC

$1,563,676

0.31%

50,279

Squarepoint Ops LLC

$1,536,930

0.31%

49,419

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Squarepoint Capital LLP	49,419	$1,536,930	100.0%	Defined

CITIGROUP INC

$1,518,114

0.30%

48,814

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	48,814	$1,518,114	100.0%	Defined

Nuveen, LLC

$1,384,229

0.28%

44,509

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	381	$11,849	0.9%	Defined
TEACHERS ADVISORS, LLC joint	44,128	$1,372,380	99.1%	Defined

RENAISSANCE TECHNOLOGIES LLC

$1,313,695

0.26%

42,241

JONES FINANCIAL COMPANIES LLLP

$1,278,552

0.26%

41,111

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	41,111	$1,278,552	100.0%	Sole

BANK OF AMERICA CORP /DE/

$1,226,489

0.24%

39,437

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	28,569	$888,495	72.4%	Defined
BOFA SECURITIES, INC.	10,868	$337,994	27.6%	Defined

IEQ CAPITAL, LLC

$1,219,897

0.24%

39,225

MILLENNIUM MANAGEMENT LLC

$1,168,116

0.23%

37,560

PRINCIPAL FINANCIAL GROUP INC

$996,319

0.20%

32,036

RHUMBLINE ADVISERS

$990,192

0.20%

31,839

Mariner, LLC

$978,374

0.20%

31,459

Invesco Ltd.

$945,812

0.19%

30,412

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	2,916	$90,687	9.6%	Defined
Invesco Trust Co joint	9,581	$297,969	31.5%	Defined
Invesco Capital Management LLC	17,915	$557,156	58.9%	Defined

Russell Investments Group, Ltd.

$892,973

0.18%

28,713

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	13,935	$433,378	48.5%	Defined
Russell Investments Capital, LLC	3,737	$116,220	13.0%	Defined
Russell Investments Limited joint	11,041	$343,375	38.5%	Other

SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC

$882,524

0.18%

28,377

GSA CAPITAL PARTNERS LLP

$869,400

0.17%

27,955

Creative Planning

$866,321

0.17%

27,856

CITADEL ADVISORS LLC

$815,162

0.16%

26,211

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	15,440	$480,184	58.9%	Defined
Held directly	10,771	$334,978	41.1%	Defined

STRS OHIO

$774,390

0.15%

24,900

DEUTSCHE BANK AG\

$728,362

0.15%

23,420

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
DWS Investments UK Ltd	23,420	$728,362	100.0%	Defined

Johnson Wealth Management, LLC

$715,486

0.14%

23,006

GAMCO INVESTORS, INC. ET AL

$705,068

0.14%

22,671

Inspire Investing, LLC

$683,733

0.14%

21,985

Lafayette Investments, Inc.

$681,090

0.14%

21,900

FMR LLC

$676,984

0.14%

21,768

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	21,643	$673,097	99.4%	Defined
STRATEGIC ADVISERS LLC	125	$3,887	0.6%	Defined

WELLS FARGO & COMPANY/MN

$637,332

0.13%

20,493

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	20,092	$624,861	98.0%	Defined
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	400	$12,440	2.0%	Defined
WELLS FARGO CLEARING SERVICES, LLC	1	$31	0.0%	Defined

LSV ASSET MANAGEMENT

$622,000

0.12%

20,000

PRICE T ROWE ASSOCIATES INC /MD/

$616,246

0.12%

19,815

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	19,815	$616,246	100.0%	Defined

STATE OF WISCONSIN INVESTMENT BOARD

$601,536

0.12%

19,342

Cetera Investment Advisers

$590,060

0.12%

18,973

CANADA PENSION PLAN INVESTMENT BOARD

$584,680

0.12%

18,800

Odyssean, LLC

$584,089

0.12%

18,781

MERCER GLOBAL ADVISORS INC /ADV

$565,211

0.11%

18,174

Connor, Clark & Lunn Investment Management Ltd.

$557,716

0.11%

17,933

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	17,933	$557,716	100.0%	Sole

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

$516,726

0.10%

16,615

Aquatic Capital Management LLC

$515,140

0.10%

16,564

MetLife Investment Management, LLC

$427,282

0.09%

13,739

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
METLIFE INC	13,739	$427,282	100.0%	Defined

MARSHALL WACE, LLP

$418,512

0.08%

13,457

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	13,457	$418,512	100.0%	Other

HRT FINANCIAL LP

$413,723

0.08%

13,303

Aviance Capital Partners, LLC

$407,752

0.08%

13,111

First PREMIER Bank

$394,037

0.08%

12,670

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$374,848

0.07%

12,053

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	12,053	$374,848	100.0%	Other

Columbia River Financial Group, LLC

$349,532

0.07%

11,239

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

$343,592

0.07%

11,048

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	11,048	$343,592	100.0%	Defined

Tower Research Capital LLC (TRC)

$331,961

0.07%

10,674

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	10,674	$331,961	100.0%	Defined

Vanguard Global Advisers, LLC

$318,681

0.06%

10,247

Harbor Advisors LLC

$306,863

0.06%

9,867

Hanson & Doremus Investment Management

$298,062

0.06%

9,584

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$267,460

0.05%

8,600

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	8,600	$267,460	100.0%	Other

MARTINGALE ASSET MANAGEMENT L P

$261,240

0.05%

8,400

PFG Advisors

$247,182

0.05%

7,948

MML INVESTORS SERVICES, LLC

$246,840

0.05%

7,937

Tradition Wealth Management, LLC

$246,063

0.05%

7,912

Arax Advisory Partners

$243,108

0.05%

7,817

Key facts CIK 903419 CUSIP 01446U103 13F (30d) 134 filings 133 filers Visit website