Filed: 5/12/2026ACC: 0000919458-26-000002
📋 What this filing means
ALERUS FINANCIAL NA filed this quarterly 13F‑HR report disclosing 510 equity positions with a total reported market value of $2.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
510
Positions
$2.02B
Total AUM (reported)
22.48M
Total Shares
Allocation by class
COM$747.37M37.0%
S&P 500 ETF SHS$453.26M22.4%
WORLD EX US CORE$285.90M14.2%
RUS MID CAP ETF$95.23M4.7%
CORE BD ETF$73.42M3.6%
CORE MSCI TOTAL$73.28M3.6%
CAP STK CL A$33.51M1.7%
Portfolio Concentration
Top 3$834.40M41.3%
4–10$381.20M18.9%
11–25$281.74M13.9%
Rest$522.60M25.9%
Top 3 weight
41.3%
Top 10 weight
60.2%
Voting Authority Distribution
Total shares with voting rights: 22.48M
Sole
Full voting authority
20.38M
shares
% of voting shares90.6%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.11M
shares
% of voting shares9.4%
Investment Discretion (by position count)
Sole503
Shared0
Other7
Dominant voting typeSole · 90.6% of voting shares
Institutional Holdings510
Rows:
VANGUARD INDEX FDS
DFNDShares758.53K
TypeSH
Market value$453.26M
22.44%
Sole
757.22K
Shared
0.00
None
1.31K
DIMENSIONAL ETF TRUST
DFNDShares8.42M
TypeSH
Market value$285.90M
14.15%
Sole
8.42M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares979.45K
TypeSH
Market value$95.23M
4.71%
Sole
979.38K
Shared
0.00
None
75.00
VANGUARD MALVERN FDS
SOLEShares948.78K
TypeSH
Market value$73.42M
3.63%
Sole
948.78K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares845.85K
TypeSH
Market value$73.28M
3.63%
Sole
845.85K
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares337.09K
TypeSH
Market value$58.79M
2.91%
Sole
337.09K
Shared
0.00
None
0.00
ALERUS FINL CORP
SOLEShares2.24M
TypeSH
Market value$53.15M
2.63%
Sole
142.04K
Shared
0.00
None
2.10M
APPLE INC
SOLEShares186.33K
TypeSH
Market value$47.29M
2.34%
Sole
186.33K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares105.81K
TypeSH
Market value$39.17M
1.94%
Sole
105.81K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares116.66K
TypeSH
Market value$36.11M
1.79%
Sole
116.66K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares116.53K
TypeSH
Market value$33.51M
1.66%
Sole
116.53K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
DFNDShares408.35K
TypeSH
Market value$30.51M
1.51%
Sole
406.90K
Shared
0.00
None
1.46K
AMAZON COM INC
SOLEShares121.08K
TypeSH
Market value$25.22M
1.25%
Sole
121.08K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares272.29K
TypeSH
Market value$21.58M
1.07%
Sole
272.29K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares121.87K
TypeSH
Market value$20.68M
1.02%
Sole
121.87K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO
SOLEShares67.36K
TypeSH
Market value$19.81M
0.98%
Sole
67.36K
Shared
0.00
None
0.00
TESLA INC
SOLEShares45.21K
TypeSH
Market value$16.81M
0.83%
Sole
45.21K
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares18.12K
TypeSH
Market value$16.67M
0.83%
Sole
18.12K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares161.75K
TypeSH
Market value$16.20M
0.80%
Sole
161.75K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares27.29K
TypeSH
Market value$15.62M
0.77%
Sole
27.29K
Shared
0.00
None
0.00
JOHNSON & JOHNSON
SOLEShares62.51K
TypeSH
Market value$15.28M
0.76%
Sole
62.51K
Shared
0.00
None
0.00
GOLDMAN SACHS PHYSICAL GOLD
SOLEShares306.51K
TypeSH
Market value$14.16M
0.70%
Sole
306.51K
Shared
0.00
None
0.00
CISCO SYS INC
SOLEShares160.20K
TypeSH
Market value$12.43M
0.62%
Sole
160.20K
Shared
0.00
None
0.00
VERIZON COMMUNICATIONS INC
SOLEShares239.53K
TypeSH
Market value$12.02M
0.60%
Sole
239.53K
Shared
0.00
None
0.00
WALMART INC
SOLEShares90.51K
TypeSH
Market value$11.25M
0.56%
Sole
90.51K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSDFND | S&P 500 ETF SHS | 758.53K | SH | $453.26M 22.44% | 757.22K | 0.00 | 1.31K |
DIMENSIONAL ETF TRUSTDFND | WORLD EX US CORE | 8.42M | SH | $285.90M 14.15% | 8.42M | 0.00 | 0.00 |
ISHARES TRDFND | RUS MID CAP ETF | 979.45K | SH | $95.23M 4.71% | 979.38K | 0.00 | 75.00 |
VANGUARD MALVERN FDSSOLE | CORE BD ETF | 948.78K | SH | $73.42M 3.63% | 948.78K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE MSCI TOTAL | 845.85K | SH | $73.28M 3.63% | 845.85K | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 337.09K | SH | $58.79M 2.91% | 337.09K | 0.00 | 0.00 |
ALERUS FINL CORPSOLE | COM | 2.24M | SH | $53.15M 2.63% | 142.04K | 0.00 | 2.10M |
APPLE INCSOLE | COM | 186.33K | SH | $47.29M 2.34% | 186.33K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 105.81K | SH | $39.17M 1.94% | 105.81K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 116.66K | SH | $36.11M 1.79% | 116.66K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 116.53K | SH | $33.51M 1.66% | 116.53K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSDFND | LG-TERM COR BD | 408.35K | SH | $30.51M 1.51% | 406.90K | 0.00 | 1.46K |
AMAZON COM INCSOLE | COM | 121.08K | SH | $25.22M 1.25% | 121.08K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHRT TRM CORP BD | 272.29K | SH | $21.58M 1.07% | 272.29K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 121.87K | SH | $20.68M 1.02% | 121.87K | 0.00 | 0.00 |
JPMORGAN CHASE & COSOLE | COM | 67.36K | SH | $19.81M 0.98% | 67.36K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 45.21K | SH | $16.81M 0.83% | 45.21K | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 18.12K | SH | $16.67M 0.83% | 18.12K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | VNG RUS2000IDX | 161.75K | SH | $16.20M 0.80% | 161.75K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 27.29K | SH | $15.62M 0.77% | 27.29K | 0.00 | 0.00 |
JOHNSON & JOHNSONSOLE | COM | 62.51K | SH | $15.28M 0.76% | 62.51K | 0.00 | 0.00 |
GOLDMAN SACHS PHYSICAL GOLDSOLE | UNIT | 306.51K | SH | $14.16M 0.70% | 306.51K | 0.00 | 0.00 |
CISCO SYS INCSOLE | COM | 160.20K | SH | $12.43M 0.62% | 160.20K | 0.00 | 0.00 |
VERIZON COMMUNICATIONS INCSOLE | COM | 239.53K | SH | $12.02M 0.60% | 239.53K | 0.00 | 0.00 |
WALMART INCSOLE | COM | 90.51K | SH | $11.25M 0.56% | 90.51K | 0.00 | 0.00 |
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