Filed: 11/10/2025ACC: 0000919458-25-000007
📋 What this filing means
ALERUS FINANCIAL NA filed this quarterly 13F‑HR report disclosing 533 equity positions with a total reported market value of $1.97B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
533
Positions
$1.97B
Total AUM (reported)
21.66M
Total Shares
Allocation by class
COM$756.60M38.5%
S&P 500 ETF SHS$458.30M23.3%
WORLD EX US CORE$262.98M13.4%
CORE MSCI TOTAL$75.15M3.8%
CORE BD ETF$71.46M3.6%
COM NEW$37.78M1.9%
RUS MID CAP ETF$36.18M1.8%
Portfolio Concentration
Top 3$796.44M40.5%
4–10$370.81M18.9%
11–25$282.83M14.4%
Rest$515.61M26.2%
Top 3 weight
40.5%
Top 10 weight
59.4%
Voting Authority Distribution
Total shares with voting rights: 21.66M
Sole
Full voting authority
19.21M
shares
% of voting shares88.7%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.44M
shares
% of voting shares11.3%
Investment Discretion (by position count)
Sole522
Shared0
Other11
Dominant voting typeSole · 88.7% of voting shares
Institutional Holdings533
Rows:
VANGUARD INDEX FDS
SOLEShares748.39K
TypeSH
Market value$458.30M
23.32%
Sole
748.21K
Shared
0.00
None
185.00
DIMENSIONAL ETF TRUST
SOLEShares8.38M
TypeSH
Market value$262.98M
13.38%
Sole
8.38M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares910.05K
TypeSH
Market value$75.15M
3.82%
Sole
910.05K
Shared
0.00
None
0.00
VANGUARD MALVERN FDS
SOLEShares911.32K
TypeSH
Market value$71.46M
3.64%
Sole
911.32K
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares342.64K
TypeSH
Market value$63.93M
3.25%
Sole
342.64K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares104.87K
TypeSH
Market value$54.32M
2.76%
Sole
104.87K
Shared
0.00
None
0.00
ALERUS FINL CORP
SOLEShares2.32M
TypeSH
Market value$51.26M
2.61%
Sole
147.57K
Shared
0.00
None
2.17M
APPLE INC
SOLEShares190.09K
TypeSH
Market value$48.40M
2.46%
Sole
190.09K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares137.19K
TypeSH
Market value$45.26M
2.30%
Sole
137.19K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares374.71K
TypeSH
Market value$36.18M
1.84%
Sole
374.71K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares414.20K
TypeSH
Market value$32.16M
1.64%
Sole
412.49K
Shared
0.00
None
1.71K
ALPHABET INC
SOLEShares124.42K
TypeSH
Market value$30.25M
1.54%
Sole
124.42K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares120.30K
TypeSH
Market value$26.41M
1.34%
Sole
120.30K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares82.14K
TypeSH
Market value$25.91M
1.32%
Sole
82.14K
Shared
0.00
None
0.00
TESLA INC
SOLEShares48.47K
TypeSH
Market value$21.55M
1.10%
Sole
48.47K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares26.12K
TypeSH
Market value$19.18M
0.98%
Sole
26.12K
Shared
0.00
None
0.00
EATON CORP PLC
SOLEShares48.05K
TypeSH
Market value$17.98M
0.91%
Sole
48.05K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares170.40K
TypeSH
Market value$16.67M
0.85%
Sole
170.40K
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares20.05K
TypeSH
Market value$15.30M
0.78%
Sole
20.05K
Shared
0.00
None
0.00
SOUTHERN CO
SOLEShares145.97K
TypeSH
Market value$13.83M
0.70%
Sole
145.97K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares122.25K
TypeSH
Market value$13.78M
0.70%
Sole
122.25K
Shared
0.00
None
0.00
HEWLETT PACKARD ENTERPRISE C
SOLEShares538.62K
TypeSH
Market value$13.23M
0.67%
Sole
538.62K
Shared
0.00
None
0.00
INTERNATIONAL BUSINESS MACHS
SOLEShares44.37K
TypeSH
Market value$12.52M
0.64%
Sole
44.37K
Shared
0.00
None
0.00
TAKE-TWO INTERACTIVE SOFTWAR
SOLEShares47.92K
TypeSH
Market value$12.38M
0.63%
Sole
47.92K
Shared
0.00
None
0.00
GOLDMAN SACHS PHYSICAL GOLD
SOLEShares306.05K
TypeSH
Market value$11.67M
0.59%
Sole
306.05K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 748.39K | SH | $458.30M 23.32% | 748.21K | 0.00 | 185.00 |
DIMENSIONAL ETF TRUSTSOLE | WORLD EX US CORE | 8.38M | SH | $262.98M 13.38% | 8.38M | 0.00 | 0.00 |
ISHARES TRSOLE | CORE MSCI TOTAL | 910.05K | SH | $75.15M 3.82% | 910.05K | 0.00 | 0.00 |
VANGUARD MALVERN FDSSOLE | CORE BD ETF | 911.32K | SH | $71.46M 3.64% | 911.32K | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 342.64K | SH | $63.93M 3.25% | 342.64K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 104.87K | SH | $54.32M 2.76% | 104.87K | 0.00 | 0.00 |
ALERUS FINL CORPSOLE | COM | 2.32M | SH | $51.26M 2.61% | 147.57K | 0.00 | 2.17M |
APPLE INCSOLE | COM | 190.09K | SH | $48.40M 2.46% | 190.09K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 137.19K | SH | $45.26M 2.30% | 137.19K | 0.00 | 0.00 |
ISHARES TRSOLE | RUS MID CAP ETF | 374.71K | SH | $36.18M 1.84% | 374.71K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | LG-TERM COR BD | 414.20K | SH | $32.16M 1.64% | 412.49K | 0.00 | 1.71K |
ALPHABET INCSOLE | CAP STK CL A | 124.42K | SH | $30.25M 1.54% | 124.42K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 120.30K | SH | $26.41M 1.34% | 120.30K | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 82.14K | SH | $25.91M 1.32% | 82.14K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 48.47K | SH | $21.55M 1.10% | 48.47K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 26.12K | SH | $19.18M 0.98% | 26.12K | 0.00 | 0.00 |
EATON CORP PLCSOLE | SHS | 48.05K | SH | $17.98M 0.91% | 48.05K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | VNG RUS2000IDX | 170.40K | SH | $16.67M 0.85% | 170.40K | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 20.05K | SH | $15.30M 0.78% | 20.05K | 0.00 | 0.00 |
SOUTHERN COSOLE | COM | 145.97K | SH | $13.83M 0.70% | 145.97K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 122.25K | SH | $13.78M 0.70% | 122.25K | 0.00 | 0.00 |
HEWLETT PACKARD ENTERPRISE CSOLE | COM | 538.62K | SH | $13.23M 0.67% | 538.62K | 0.00 | 0.00 |
INTERNATIONAL BUSINESS MACHSSOLE | COM | 44.37K | SH | $12.52M 0.64% | 44.37K | 0.00 | 0.00 |
TAKE-TWO INTERACTIVE SOFTWARSOLE | COM | 47.92K | SH | $12.38M 0.63% | 47.92K | 0.00 | 0.00 |
GOLDMAN SACHS PHYSICAL GOLDSOLE | UNIT | 306.05K | SH | $11.67M 0.59% | 306.05K | 0.00 | 0.00 |
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