ALERUS FINANCIAL NA

Filed: 11/14/2023ACC: 0000919458-23-000004

📋 What this filing means

ALERUS FINANCIAL NA filed this quarterly 13F‑HR report disclosing 152 equity positions with a total reported market value of $1.13B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

152

Positions

$1.13B

Total AUM (reported)

16.10M

Total Shares

Allocation by class

COM$558.48M49.5%

S&P 500 EFT SH$118.65M10.5%

WORLD EX US CORE$93.52M8.3%

CORE TOTUSBD ETF$69.88M6.2%

CORE MSCI TOTAL$62.26M5.5%

SHORT TERM TREAS$27.92M2.5%

X FDETF$26.69M2.4%

Portfolio Concentration

Top 3$282.05M25.0%

4–10$271.21M24.0%

11–25$198.50M17.6%

Rest$377.47M33.4%

Top 3 weight

25.0%

Top 10 weight

49.0%

Voting Authority Distribution

Total shares with voting rights: 16.10M

Sole

Full voting authority

14.04M

% of voting shares87.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.06M

% of voting shares12.8%

Investment Discretion (by position count)

Sole152

Shared0

Other0

Dominant voting typeSole · 87.2% of voting shares

Institutional Holdings152

Rows:

VANGUARD INDEX FDS

SOLE

S&P 500 EFT SH

Shares302.14K

TypeSH

Market value$118.65M

10.51%

Sole

302.14K

Shared

0.00

None

0.00

DIMENSIONAL ETF TRUST

SOLE

WORLD EX US CORE

Shares4.15M

TypeSH

Market value$93.52M

8.28%

Sole

4.15M

Shared

0.00

None

0.00

ISHARES TRUST

SOLE

CORE TOTUSBD ETF

Shares743.13K

TypeSH

Market value$69.88M

6.19%

Sole

743.13K

Shared

0.00

None

0.00

ISHARES TRUST

SOLE

CORE MSCI TOTAL

Shares1.04M

TypeSH

Market value$62.26M

5.51%

Sole

1.04M

Shared

0.00

None

0.00

APPLE COMPUTER

SOLE

COM

Shares275.08K

TypeSH

Market value$47.10M

4.17%

Sole

275.08K

Shared

0.00

None

0.00

MICROSOFT INC

SOLE

COM

Shares146.79K

TypeSH

Market value$46.35M

4.10%

Sole

146.79K

Shared

0.00

None

0.00

ALERUS FINANCIAL CORP

SOLE

COM

Shares2.25M

TypeSH

Market value$40.89M

3.62%

Sole

192.19K

Shared

0.00

None

2.06M

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares389.83K

TypeSH

Market value$27.92M

2.47%

Sole

389.83K

Shared

0.00

None

0.00

ISHARES RUSSELL MIDCAP

SOLE

X FDETF

Shares385.48K

TypeSH

Market value$26.69M

2.36%

Sole

385.48K

Shared

0.00

None

0.00

NIVIDIA CORP

SOLE

COM

Shares45.99K

TypeSH

Market value$20.00M

1.77%

Sole

45.99K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

COM

Shares145.60K

TypeSH

Market value$19.05M

1.69%

Sole

145.60K

Shared

0.00

None

0.00

EXXON MOBIL CORP COM

SOLE

COM

Shares154.61K

TypeSH

Market value$18.18M

1.61%

Sole

154.61K

Shared

0.00

None

0.00

CHEVRON TEXACO

SOLE

COM

Shares96.17K

TypeSH

Market value$16.22M

1.44%

Sole

96.17K

Shared

0.00

None

0.00

JP MORGAN CHASE & CO

SOLE

COM

Shares98.48K

TypeSH

Market value$14.28M

1.26%

Sole

98.48K

Shared

0.00

None

0.00

SELECT SECTOR SPDR ETF

SOLE

ENERGY

Shares153.84K

TypeSH

Market value$13.91M

1.23%

Sole

153.84K

Shared

0.00

None

0.00

AMAZON.COM INC

SOLE

COM

Shares103.29K

TypeSH

Market value$13.13M

1.16%

Sole

103.29K

Shared

0.00

None

0.00

BERKSHIRE HATHAWAY

SOLE

CL B NEW

Shares35.70K

TypeSH

Market value$12.50M

1.11%

Sole

35.70K

Shared

0.00

None

0.00

WALMART INC

SOLE

COM

Shares77.74K

TypeSH

Market value$12.43M

1.10%

Sole

77.74K

Shared

0.00

None

0.00

CENCORA INC

SOLE

COM

Shares67.55K

TypeSH

Market value$12.16M

1.08%

Sole

67.55K

Shared

0.00

None

0.00

VISA INC

SOLE

COM CL A

Shares51.71K

TypeSH

Market value$11.89M

1.05%

Sole

51.71K

Shared

0.00

None

0.00

ORACLE CORP

SOLE

COM

Shares109.82K

TypeSH

Market value$11.63M

1.03%

Sole

109.82K

Shared

0.00

None

0.00

ABBOTT LABORATORIES

SOLE

COM

Shares117.75K

TypeSH

Market value$11.40M

1.01%

Sole

117.75K

Shared

0.00

None

0.00

EATON CORP PLC

SOLE

SHS

Shares51.30K

TypeSH

Market value$10.94M

0.97%

Sole

51.30K

Shared

0.00

None

0.00

SPDR GOLD TRUST

SOLE

GOLD SHS

Shares61.91K

TypeSH

Market value$10.61M

0.94%

Sole

61.91K

Shared

0.00

None

0.00

TAKE-2 INTERACTIVE SOFTWAR

SOLE

COM

Shares72.35K

TypeSH

Market value$10.16M

0.90%

Sole

72.35K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDSSOLE	S&P 500 EFT SH	302.14K	SH	$118.65M 10.51%	302.14K	0.00
DIMENSIONAL ETF TRUSTSOLE	WORLD EX US CORE	4.15M	SH	$93.52M 8.28%	4.15M	0.00
ISHARES TRUSTSOLE	CORE TOTUSBD ETF	743.13K	SH	$69.88M 6.19%	743.13K	0.00
ISHARES TRUSTSOLE	CORE MSCI TOTAL	1.04M	SH	$62.26M 5.51%	1.04M	0.00
APPLE COMPUTERSOLE	COM	275.08K	SH	$47.10M 4.17%	275.08K	0.00
MICROSOFT INCSOLE	COM	146.79K	SH	$46.35M 4.10%	146.79K	0.00
ALERUS FINANCIAL CORPSOLE	COM	2.25M	SH	$40.89M 3.62%	192.19K	2.06M
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	389.83K	SH	$27.92M 2.47%	389.83K	0.00
ISHARES RUSSELL MIDCAPSOLE	X FDETF	385.48K	SH	$26.69M 2.36%	385.48K	0.00
NIVIDIA CORPSOLE	COM	45.99K	SH	$20.00M 1.77%	45.99K	0.00
ALPHABET INCSOLE	COM	145.60K	SH	$19.05M 1.69%	145.60K	0.00
EXXON MOBIL CORP COMSOLE	COM	154.61K	SH	$18.18M 1.61%	154.61K	0.00
CHEVRON TEXACOSOLE	COM	96.17K	SH	$16.22M 1.44%	96.17K	0.00
JP MORGAN CHASE & COSOLE	COM	98.48K	SH	$14.28M 1.26%	98.48K	0.00
SELECT SECTOR SPDR ETFSOLE	ENERGY	153.84K	SH	$13.91M 1.23%	153.84K	0.00
AMAZON.COM INCSOLE	COM	103.29K	SH	$13.13M 1.16%	103.29K	0.00
BERKSHIRE HATHAWAYSOLE	CL B NEW	35.70K	SH	$12.50M 1.11%	35.70K	0.00
WALMART INCSOLE	COM	77.74K	SH	$12.43M 1.10%	77.74K	0.00
CENCORA INCSOLE	COM	67.55K	SH	$12.16M 1.08%	67.55K	0.00
VISA INCSOLE	COM CL A	51.71K	SH	$11.89M 1.05%	51.71K	0.00
ORACLE CORPSOLE	COM	109.82K	SH	$11.63M 1.03%	109.82K	0.00
ABBOTT LABORATORIESSOLE	COM	117.75K	SH	$11.40M 1.01%	117.75K	0.00
EATON CORP PLCSOLE	SHS	51.30K	SH	$10.94M 0.97%	51.30K	0.00
SPDR GOLD TRUSTSOLE	GOLD SHS	61.91K	SH	$10.61M 0.94%	61.91K	0.00
TAKE-2 INTERACTIVE SOFTWARSOLE	COM	72.35K	SH	$10.16M 0.90%	72.35K	0.00

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