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Alerus Investment Advisors Corp Historical SEC 13F Holdings & Archive (Q1 2016)
Alerus Investment Advisors CorpCIK: 0001541895
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$575.2M
Reporting period: 2016-03-31 · Number of holdings: 287
Alerus Investment Advisors Corp disclosed 287 holdings in its latest 13F filing for the period ending 2016-03-31, with total reported value of $575.2M and a quarterly turnover rate of 24.8%.
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Personality snowflake
- Concentration
- 11.41
- Portfolio Stability
- 24.85
- Momentum
- 100
- Sector conviction
- 45.31
- Diversification
- 100
- Sizing Uniformity
- 73.15
Alerus Investment Advisors Corp's disclosed holdings carry a Herfindahl concentration index of 0.029 — mathematically equivalent to about 35 equally-sized positions, well below its 287 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.68), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 33% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim AGG
-31.5% -$19.3M
Add VONE
+114.6% $10.4M
Trim IWM
-23.5% -$7.7M
Trim VOO
-9.9% -$6.0M
Add SPY
+19.9% $2.8M
Add META
+146.6% $3.0M
Holdings Map
New buyAddUnchangedTrim
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 287 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 10.48% | -0.58% | -9.86% | |
| 2 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 7.96% | -2.90% | -31.46% | |
| 3 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 4.03% | -1.12% | -23.53% | |
| 4 | VONE | Vanguard Russell 1000 | ETF-Other | 3.36% | +1.87% | +114.61% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.89% | +0.58% | +19.90% | |
| 6 | AAPL | Apple Computer | Stock-Tech | 2.79% | +0.38% | +6.96% | |
| 7 | VNQ | Vanguard Real Estate ETF | ETF-Other | 2.14% | -0.21% | -17.14% | |
| 8 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 1.86% | +0.33% | +14.52% | |
| 9 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 1.85% | — | +4.03% | |
| 10 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.83% | +1.83% | NEW | |
| 11 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.77% | — | -2.61% | |
| 12 | VO | Vanguard Mid-cap ETF | ETF-Other | 1.74% | -0.11% | -10.45% | |
| 13 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 1.59% | +0.24% | -1.82% | |
| 14 | MSFT | Microsoft CORP | Stock-Tech | 1.56% | — | -0.08% | |
| 15 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 1.40% | -0.06% | -10.82% | |
| 16 | CVS | Cvs Health CORP | Stock-Healthcare | 1.27% | +0.41% | +33.51% | |
| 17 | IBB | Ishares Biotechnology ETF | ETF-Tech | 1.27% | -0.22% | +5.83% | |
| 18 | HON | Honeywell International Inc | Stock-Industrials | 1.23% | +0.28% | +14.92% | |
| 19 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.23% | — | +3.98% | |
| 20 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 1.22% | -0.23% | -22.94% | |
| 21 | BKNG | Booking Holdings Inc. | Stock-Consumer Disc | 1.20% | — | -0.87% | |
| 22 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 1.20% | +0.32% | +31.91% | |
| 23 | VZ | Verizon Communications Inc | Stock-Comm Services | 1.19% | — | -7.20% | |
| 24 | CTSH | Cognizant Tech Solutions-a | Stock-Tech | 1.16% | +0.17% | +8.24% | |
| 25 | BRK-B | Berkshire Hathaway Inc. | Stock-Other | 1.14% | — | -4.57% | |
| 26 | XOM | Exxon Mobil CORP | Stock-Energy | 1.11% | — | +1.63% | |
| 27 | MDT | Medtronic plc | Stock-Healthcare | 1.10% | — | -0.11% | |
| 28 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.10% | — | +0.58% | |
| 29 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 1.03% | +0.49% | +66.07% | |
| 30 | PFE | Pfizer Inc | Stock-Healthcare | 1.01% | — | +13.46% | |
| 31 | T | At&t Inc | Stock-Comm Services | 0.99% | +0.18% | +2.70% | |
| 32 | BLKCHF | Blackrock Inc | Stock-Other | 0.98% | -0.15% | -49.14% | |
| 33 | CSCO | Cisco Systems Inc | Stock-Tech | 0.92% | — | +7.10% | |
| 34 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.89% | -0.16% | -24.90% | |
| 35 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.87% | +0.17% | +10.27% | |
| 36 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.86% | — | -0.59% | |
| 37 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.83% | +0.53% | +146.62% | |
| 38 | ORCL | Oracle CORP | Stock-Tech | 0.82% | — | +1.39% | |
| 39 | PM | Philip Morris International | Stock-Consumer Staples | 0.82% | -0.08% | -21.29% | |
| 40 | BA | The Boeing Company | Stock-Industrials | 0.80% | — | +4.99% | |
| 41 | QCOM | Qualcomm Inc | Stock-Tech | 0.79% | — | +10.11% | |
| 42 | DHR | Danaher CORP | Stock-Healthcare | 0.78% | +0.20% | +26.96% | |
| 43 | CAH | Cardinal Health Inc | Stock-Healthcare | 0.75% | +0.17% | +33.54% | |
| 44 | ✓ | Stock-Other | 0.72% | — | +9.68% | ||
| 45 | CVX | Chevron CORP | Stock-Energy | 0.71% | +0.25% | +38.38% | |
| 46 | ✓ | Mylan N V | Stock-Other | 0.70% | — | +31.36% | |
| 47 | ACN | Accenture plc | Stock-Tech | 0.69% | — | +1.00% | |
| 48 | PRU | Prudential Financial Inc | Stock-Financials | 0.69% | — | +5.78% | |
| 49 | V | Visa Inc-class A Shares | Stock-Financials | 0.67% | — | +2.83% | |
| 50 | BDX | Becton, Dickinson and Company | Stock-Healthcare | 0.67% | -0.08% | -27.97% |
1–50 of 200
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Alerus Investment Advisors Corp's most significant position changes for 2016-03-31: Sold out: Alphabet Inc Class A; New buy: Alphabet Inc-cl A (GOOGL); New buy: Marriott International -cl A (MAR); Sold out: Starwood Property Trust, Inc. (STWD); New buy: Abbvie Inc (ABBV).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VONE | Vanguard Russell 1000 | +1.9% | +114.61% | Add |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.6% | +19.90% | Add |
| 3 | META | Meta Platforms Inc-class A | +0.5% | +146.62% | Add |
| 4 | UNH | Unitedhealth Group Inc | +0.5% | +66.07% | Add |
| 5 | CVS | Cvs Health CORP | +0.4% | +33.51% | Add |
| 6 | AAPL | Apple Computer | +0.4% | +6.96% | Add |
| 7 | AEP | American Electric Power Company, Inc. | +0.3% | +14.52% | Add |
| 8 | LOW | Lowe's Cos Inc | +0.3% | +31.91% | Add |
| 9 | HON | Honeywell International Inc | +0.3% | +14.92% | Add |
| 10 | CVX | Chevron CORP | +0.3% | +38.38% | Add |
| 11 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +0.2% | -1.82% | Trim |
| 12 | DHR | Danaher CORP | +0.2% | +26.96% | Add |
| 13 | T | At&t Inc | +0.2% | +2.70% | Add |
| 14 | KO | Coca-cola Co/the | +0.2% | +10.27% | Add |
| 15 | CAH | Cardinal Health Inc | +0.2% | +33.54% | Add |
| 16 | CTSH | Cognizant Tech Solutions-a | +0.2% | +8.24% | Add |
| 17 | EEM | Ishares Msci Emerging Market | +0.1% | +475.78% | Add |
| 18 | VCIT | Vanguard Int-term Corporate | -0.1% | -10.82% | Trim |
| 19 | BDX | Becton, Dickinson and Company | -0.1% | -27.97% | Trim |
| 20 | PM | Philip Morris International | -0.1% | -21.29% | Trim |
| 21 | ✓ | Intercontinentalexchange | -0.1% | -7.90% | Trim |
| 22 | C | Citigroup Inc | -0.1% | +3.68% | Add |
| 23 | DIS | Walt Disney Co/the | -0.1% | -11.60% | Trim |
| 24 | VO | Vanguard Mid-cap ETF | -0.1% | -10.45% | Trim |
| 25 | ✓ | -0.1% | -5.35% | Trim | |
| 26 | ED | Consolidated Edison Inc | -0.1% | -55.37% | Trim |
| 27 | BLKCHF | Blackrock Inc | -0.2% | -49.14% | Trim |
| 28 | CMCSA | Comcast Corp-class A | -0.2% | -24.90% | Trim |
| 29 | DKS | Dick's Sporting Goods Inc | -0.2% | -55.63% | Trim |
| 30 | ✓ | -0.2% | -38.54% | Trim | |
| 31 | VNQ | Vanguard Real Estate ETF | -0.2% | -17.14% | Trim |
| 32 | IBB | Ishares Biotechnology ETF | -0.2% | +5.83% | Add |
| 33 | IEF | Ishares 7-10 Year Treasury B | -0.2% | -22.94% | Trim |
| 34 | JWNUSD | Nordstrom Inc | -0.3% | -68.53% | Trim |
| 35 | MDLZ | Mondelez International Inc-a | -0.3% | -46.49% | Trim |
| 36 | AXP | American Express Company | -0.4% | -36.03% | Trim |
| 37 | ETN | Eaton Corporation plc | -0.4% | -70.73% | Trim |
| 38 | PXGBX | Praxair Inc | -0.4% | -99.98% | Trim |
| 39 | WFC | Wells Fargo & Co | -0.5% | +12.79% | Add |
| 40 | VOO | Vanguard S&p 500 ETF | -0.6% | -9.86% | Trim |
| 41 | IWM | Ishares Russell 2000 ETF | -1.1% | -23.53% | Trim |
| 42 | AGG | Ishares Core U.s. Aggregate | -2.9% | -31.46% | Trim |
| 43 | ✓ | Alphabet Inc Class A | — | EXIT | Sold out |
| 44 | GOOGL | Alphabet Inc-cl A | — | NEW | New buy |
| 45 | MAR | Marriott International -cl A | — | NEW | New buy |
| 46 | STWD | Starwood Property Trust, Inc. | — | EXIT | Sold out |
| 47 | ABBV | Abbvie Inc | — | NEW | New buy |
| 48 | TLT | Ishares 20+ Year Treasury Bd | — | EXIT | Sold out |
| 49 | ✓ | Abbvie Inc | — | EXIT | Sold out |
| 50 | DBEU | Xtrackers Msci Europe Hedged | — | NEW | New buy |
Filing History
FAQ
What is Alerus Investment Advisors Corp and what type of investor is it?
Alerus Investment Advisors Corp is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2016-03-31), the firm manages a tracked equity portfolio valued at approximately $575.2M, spread across 287 disclosed positions.
What are Alerus Investment Advisors Corp's largest equity positions?
Based on the latest 13F filing, Alerus Investment Advisors Corp's top holdings by market value are:
1. Vanguard S&p 500 ETF (VOO) — $60.3M (10.5%)
2. Ishares Core U.s. Aggregate (AGG) — $45.8M (8.0%)
3. Ishares Russell 2000 ETF (IWM) — $23.2M (4.0%)
4. Vanguard Russell 1000 (VONE) — $19.3M (3.4%)
5. Ss Spdr S&p 500 ETF Trust-us (SPY) — $16.6M (2.9%)
What changes did Alerus Investment Advisors Corp make in its most recent portfolio filing?
In the latest reported quarter, Alerus Investment Advisors Corp made 50 notable position adjustments: 4 new positions were initiated, 19 existing holdings were added to, 23 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Alphabet Inc Class A; New buy: Alphabet Inc-cl A (GOOGL); New buy: Marriott International -cl A (MAR); Sold out: Starwood Property Trust, Inc. (STWD); New buy: Abbvie Inc (ABBV)
What sectors does Alerus Investment Advisors Corp focus on?
Alerus Investment Advisors Corp is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 23.2%
• Communication Services: 19.0%
• Information Technology: 13.5%
• Financials: 12.4%
• Consumer Staples: 11.5%
• Consumer Discretionary: 8.1%
Investment Profile
Alerus Investment Advisors Corp's portfolio is broadly diversified and moderately active.
It has added to its VONE position over the past two quarters (+$10.9M, now $19.3M), while trimming AGG over the same stretch (-$24.7M, still holding $45.8M).
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