ALERUS FINANCIAL NA

Filed: 5/13/2024ACC: 0000919458-24-000002

📋 What this filing means

ALERUS FINANCIAL NA filed this quarterly 13F‑HR report disclosing 161 equity positions with a total reported market value of $1.32B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

161

Positions

$1.32B

Total AUM (reported)

16.30M

Total Shares

Allocation by class

COM$653.07M49.3%

S&P 500 EFT SH$139.00M10.5%

WORLD EX US CORE$99.60M7.5%

CORE TOTUSBD ETF$76.93M5.8%

CORE MSCI TOTAL$72.30M5.5%

X FDETF$34.94M2.6%

SHORT TERM TREAS$30.31M2.3%

Portfolio Concentration

Top 3$315.52M23.8%

4–10$319.72M24.1%

11–25$250.23M18.9%

Rest$438.65M33.1%

Top 3 weight

23.8%

Top 10 weight

48.0%

Voting Authority Distribution

Total shares with voting rights: 16.30M

Sole

Full voting authority

14.26M

% of voting shares87.4%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.05M

% of voting shares12.6%

Investment Discretion (by position count)

Sole161

Shared0

Other0

Dominant voting typeSole · 87.4% of voting shares

Institutional Holdings161

Rows:

VANGUARD INDEX FDS

SOLE

S&P 500 EFT SH

Shares289.15K

TypeSH

Market value$139.00M

10.50%

Sole

289.15K

Shared

0.00

None

0.00

DIMENSIONAL ETF TRUST

SOLE

WORLD EX US CORE

Shares3.91M

TypeSH

Market value$99.60M

7.52%

Sole

3.91M

Shared

0.00

None

0.00

ISHARES TRUST

SOLE

CORE TOTUSBD ETF

Shares785.46K

TypeSH

Market value$76.93M

5.81%

Sole

785.46K

Shared

0.00

None

0.00

ISHARES TRUST

SOLE

CORE MSCI TOTAL

Shares1.07M

TypeSH

Market value$72.30M

5.46%

Sole

1.07M

Shared

0.00

None

0.00

MICROSOFT INC

SOLE

COM

Shares127.72K

TypeSH

Market value$53.74M

4.06%

Sole

127.72K

Shared

0.00

None

0.00

ALERUS FINANCIAL CORP

SOLE

COM

Shares2.26M

TypeSH

Market value$49.28M

3.72%

Sole

210.96K

Shared

0.00

None

2.05M

APPLE COMPUTER

SOLE

COM

Shares241.78K

TypeSH

Market value$41.46M

3.13%

Sole

241.78K

Shared

0.00

None

0.00

NIVIDIA CORP

SOLE

COM

Shares41.71K

TypeSH

Market value$37.68M

2.85%

Sole

41.71K

Shared

0.00

None

0.00

ISHARES RUSSELL MIDCAP

SOLE

X FDETF

Shares415.56K

TypeSH

Market value$34.94M

2.64%

Sole

415.56K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares387.43K

TypeSH

Market value$30.31M

2.29%

Sole

387.43K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

COM

Shares164.29K

TypeSH

Market value$24.80M

1.87%

Sole

164.29K

Shared

0.00

None

0.00

BROADCOM INC

SOLE

COM

Shares18.45K

TypeSH

Market value$24.45M

1.85%

Sole

18.45K

Shared

0.00

None

0.00

AMAZON.COM INC

SOLE

COM

Shares135.54K

TypeSH

Market value$24.45M

1.85%

Sole

135.54K

Shared

0.00

None

0.00

JP MORGAN CHASE & CO

SOLE

COM

Shares122.03K

TypeSH

Market value$24.44M

1.85%

Sole

122.03K

Shared

0.00

None

0.00

EATON CORP PLC

SOLE

SHS

Shares59.67K

TypeSH

Market value$18.66M

1.41%

Sole

59.67K

Shared

0.00

None

0.00

LILLY ELI & CO

SOLE

COM

Shares22.92K

TypeSH

Market value$17.83M

1.35%

Sole

22.92K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares34.89K

TypeSH

Market value$16.94M

1.28%

Sole

34.89K

Shared

0.00

None

0.00

BERKSHIRE HATHAWAY

SOLE

CL B NEW

Shares34.19K

TypeSH

Market value$14.38M

1.09%

Sole

34.19K

Shared

0.00

None

0.00

EXXON MOBIL CORP COM

SOLE

COM

Shares122.81K

TypeSH

Market value$14.27M

1.08%

Sole

122.81K

Shared

0.00

None

0.00

VISA INC

SOLE

COM CL A

Shares48.34K

TypeSH

Market value$13.49M

1.02%

Sole

48.34K

Shared

0.00

None

0.00

CADENCE DESIGN SYSTEM INC

SOLE

COM

Shares38.94K

TypeSH

Market value$12.12M

0.92%

Sole

38.94K

Shared

0.00

None

0.00

GOLDMAN SACHS PHYSICAL GOLD

SOLE

UNIT

Shares528.23K

TypeSH

Market value$11.62M

0.88%

Sole

528.23K

Shared

0.00

None

0.00

SELECT SECTOR SPDR ETF

SOLE

ENERGY

Shares119.29K

TypeSH

Market value$11.26M

0.85%

Sole

119.29K

Shared

0.00

None

0.00

CLOROX CO DEL

SOLE

COM

Shares71.91K

TypeSH

Market value$11.01M

0.83%

Sole

71.91K

Shared

0.00

None

0.00

CHEVRON TEXACO

SOLE

COM

Shares66.61K

TypeSH

Market value$10.51M

0.79%

Sole

66.61K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDSSOLE	S&P 500 EFT SH	289.15K	SH	$139.00M 10.50%	289.15K	0.00
DIMENSIONAL ETF TRUSTSOLE	WORLD EX US CORE	3.91M	SH	$99.60M 7.52%	3.91M	0.00
ISHARES TRUSTSOLE	CORE TOTUSBD ETF	785.46K	SH	$76.93M 5.81%	785.46K	0.00
ISHARES TRUSTSOLE	CORE MSCI TOTAL	1.07M	SH	$72.30M 5.46%	1.07M	0.00
MICROSOFT INCSOLE	COM	127.72K	SH	$53.74M 4.06%	127.72K	0.00
ALERUS FINANCIAL CORPSOLE	COM	2.26M	SH	$49.28M 3.72%	210.96K	2.05M
APPLE COMPUTERSOLE	COM	241.78K	SH	$41.46M 3.13%	241.78K	0.00
NIVIDIA CORPSOLE	COM	41.71K	SH	$37.68M 2.85%	41.71K	0.00
ISHARES RUSSELL MIDCAPSOLE	X FDETF	415.56K	SH	$34.94M 2.64%	415.56K	0.00
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	387.43K	SH	$30.31M 2.29%	387.43K	0.00
ALPHABET INCSOLE	COM	164.29K	SH	$24.80M 1.87%	164.29K	0.00
BROADCOM INCSOLE	COM	18.45K	SH	$24.45M 1.85%	18.45K	0.00
AMAZON.COM INCSOLE	COM	135.54K	SH	$24.45M 1.85%	135.54K	0.00
JP MORGAN CHASE & COSOLE	COM	122.03K	SH	$24.44M 1.85%	122.03K	0.00
EATON CORP PLCSOLE	SHS	59.67K	SH	$18.66M 1.41%	59.67K	0.00
LILLY ELI & COSOLE	COM	22.92K	SH	$17.83M 1.35%	22.92K	0.00
META PLATFORMS INCSOLE	CL A	34.89K	SH	$16.94M 1.28%	34.89K	0.00
BERKSHIRE HATHAWAYSOLE	CL B NEW	34.19K	SH	$14.38M 1.09%	34.19K	0.00
EXXON MOBIL CORP COMSOLE	COM	122.81K	SH	$14.27M 1.08%	122.81K	0.00
VISA INCSOLE	COM CL A	48.34K	SH	$13.49M 1.02%	48.34K	0.00
CADENCE DESIGN SYSTEM INCSOLE	COM	38.94K	SH	$12.12M 0.92%	38.94K	0.00
GOLDMAN SACHS PHYSICAL GOLDSOLE	UNIT	528.23K	SH	$11.62M 0.88%	528.23K	0.00
SELECT SECTOR SPDR ETFSOLE	ENERGY	119.29K	SH	$11.26M 0.85%	119.29K	0.00
CLOROX CO DELSOLE	COM	71.91K	SH	$11.01M 0.83%	71.91K	0.00
CHEVRON TEXACOSOLE	COM	66.61K	SH	$10.51M 0.79%	66.61K	0.00

Page 1 of 7

…