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ALERUS FINANCIAL NA — 13F Holdings & Portfolio

CIK 919458 · latest 13F-HR filed 2026-08-14

Backtest portfolio

ALERUS FINANCIAL NA manages $2.29B in 13F-reported U.S. long-equity assets across 511 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (22.46%), DFAX (13.48%), IWR (4.75%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 21 new positions and exited 25; 286 existing positions rose in reported value and 122 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$2.29B

Long-equity book

Holdings
511

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+21 / −25 / ↑286 / ↓122

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VOO22.5% · -1%DFAX13.5% · -1%IWR4.8% · +1%IXUS3.5% · -0%VCRB3.2% · +1%NVDA2.9% · -1%ALRS2.9% · -6%AAPL2.4% · +1%AVGO1.8% · -6%GOOGL1.8% · -2%MSFT1.7% · -2%MU1.5% · +1%VCLT1.3% · -1%AMZN1.2% · -4%JPM1.0% · +3%LLY0.9% · -8%XOM0.9% · +19%CSCO0.9% · +4%VTWO0.8% · -3%JNJ0.8% · +19%TSLA0.8% · -6%META0.7% · +1%HPE0.6% · -26%UNH0.5% · -3%IBM0.5% · -0%ABBV0.5% · +9%BRK.B0.5% · +4%ETN0.5% · -12%AAAU0.5% · -8%WMT0.5% · +5%AMD0.5% · +41%GE0.5% · -10%TLT0.4% · -8%VZ0.4% · -3%PH0.4% · -3%VRT0.4% · -19%HD0.4% · +11%CVX0.4% · +23%STX0.4% · -23%MRK0.4% · +21%IMNM0.4% · newCAT0.4% · -12%SO0.3% · -25%PG0.3% · +21%WFC0.3% · -3%TTWO0.3% · -16%CDNS0.3% · -18%TFC0.3% · -12%BAC0.3% · +20%T0.3% · +4%AMAT0.3% · -9%NFLX0.3% · +5%COR0.3% · -15%KO0.2% · +91%MA0.2% · -1%HEI0.2% · -18%PRU0.2% · -6%BBY0.2% · +4%V0.2% · +14%LRCX0.2% · +132%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 59.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

ALERUS FINANCIAL NA Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD INDEX FDS VOO 922908363 $513.5M 22.46% 747,646 SH
2 DIMENSIONAL ETF TRUST DFAX 25434V880 $308.3M 13.48% 8,367,466 SH
3 ISHARES TR IWR 464287499 $108.7M 4.75% 985,104 SH
4 ISHARES TR IXUS 46432F834 $80.7M 3.53% 845,112 SH
5 VANGUARD MALVERN FDS VCRB 922020748 $74.3M 3.25% 961,921 SH
6 NVIDIA CORPORATION NVDA 67066G104 $66.8M 2.92% 333,736 SH
7 ALERUS FINL CORP ALRS 01446U103 $61.5M 2.69% 1,976,225 SH
8 APPLE INC AAPL 037833100 $54.3M 2.38% 187,822 SH
9 BROADCOM INC AVGO 11135F101 $41.5M 1.82% 109,906 SH
10 ALPHABET INC GOOGL 02079K305 $40.9M 1.79% 114,403 SH
11 MICROSOFT CORP MSFT 594918104 $38.9M 1.70% 104,258 SH
12 MICRON TECHNOLOGY INC MU 595112103 $33.4M 1.46% 28,945 SH
13 VANGUARD SCOTTSDALE FDS VCLT 92206C813 $30.2M 1.32% 401,869 SH
14 AMAZON COM INC AMZN 023135106 $27.8M 1.22% 116,785 SH
15 JPMORGAN CHASE & CO JPM 46625H100 $22.7M 0.99% 69,378 SH
16 ELI LILLY & CO LLY 532457108 $20.1M 0.88% 16,766 SH
17 EXXON MOBIL CORP XOM 30231G102 $19.8M 0.87% 145,045 SH
18 CISCO SYS INC CSCO 17275R102 $19.7M 0.86% 167,430 SH
19 VANGUARD SCOTTSDALE FDS VTWO 92206C664 $19.0M 0.83% 156,705 SH
20 JOHNSON & JOHNSON JNJ 478160104 $19.0M 0.83% 74,659 SH
21 TESLA INC TSLA 88160R101 $17.9M 0.78% 42,569 SH
22 META PLATFORMS INC META 30303M102 $15.5M 0.68% 27,462 SH
23 HEWLETT PACKARD ENTERPRISE C HPE 42824C109 $14.0M 0.61% 309,551 SH
24 UNITEDHEALTH GROUP INC UNH 91324P102 $12.3M 0.54% 29,498 SH
25 INTERNATIONAL BUSINESS MACHS IBM 459200101 $12.1M 0.53% 43,153 SH
26 ABBVIE INC ABBV 00287Y109 $12.1M 0.53% 48,063 SH
27 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $12.0M 0.52% 23,929 SH
28 EATON CORP PLC ETN G29183103 $11.5M 0.50% 26,931 SH
29 GOLDMAN SACHS PHYSICAL GOLD AAAU 38150K103 $11.1M 0.49% 281,513 SH
30 WALMART INC WMT 931142103 $10.7M 0.47% 94,815 SH
31 ADVANCED MICRO DEVICES INC AMD 007903107 $10.6M 0.46% 18,269 SH
32 GE AEROSPACE GE 369604301 $10.3M 0.45% 27,561 SH
33 ISHARES TR TLT 464287432 $9.9M 0.43% 114,239 SH
34 VERIZON COMMUNICATIONS INC VZ 92343V104 $9.8M 0.43% 232,335 SH
35 PARKER-HANNIFIN CORP PH 701094104 $9.5M 0.41% 9,688 SH
36 VERTIV HOLDINGS CO VRT 92537N108 $9.2M 0.40% 27,354 SH
37 HOME DEPOT INC HD 437076102 $8.6M 0.38% 24,373 SH
38 CHEVRON CORPORATION CVX 166764100 $8.4M 0.37% 50,687 SH
39 SEAGATE TECHNOLOGY HLDNGS PL STX G7997R103 $8.2M 0.36% 8,549 SH
40 MERCK & CO INC MRK 58933Y105 $8.2M 0.36% 64,144 SH
41 IMMUNOME INC IMNM 45257U108 $8.1M 0.36% 383,421 SH
42 CATERPILLAR INC CAT 149123101 $8.1M 0.35% 7,613 SH
43 SOUTHERN CO SO 842587107 $7.9M 0.34% 82,226 SH
44 PROCTER & GAMBLE CO PG 742718109 $7.5M 0.33% 51,322 SH
45 WELLS FARGO & CO WFC 949746101 $7.1M 0.31% 85,965 SH
46 TAKE-TWO INTERACTIVE SOFTWAR TTWO 874054109 $7.1M 0.31% 28,299 SH
47 CADENCE DESIGN SYSTEM INC CDNS 127387108 $6.9M 0.30% 18,424 SH
48 TRUIST FINL CORP TFC 89832Q109 $6.6M 0.29% 133,410 SH
49 BANK OF AMER CORP BAC 060505104 $6.4M 0.28% 112,533 SH
50 AT&T INC T 00206R102 $6.4M 0.28% 307,722 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $2.29B 511 0000919458-26-000003
2026-03-31 2026-05-12 $2.02B 515 0000919458-26-000002
2025-12-31 2026-02-13 $2.04B 513 0000919458-26-000001
2025-09-30 2025-11-10 $1.97B 539 0000919458-25-000007
Filer Information
Address
401 DEMERS AVE
PO BOX 6001
GRAND FORKS, ND 58206-6001
Phone
(701) 795-3200
Filing Manager
ALERUS FINANCIAL NA
GRAND FORKS, ND
Signatory
Heather Bergantine
Wealth Management Advisor Support Manager