CIK: 0001541895
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%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "A"
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.
Trim 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
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 Hldgs 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% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2016-03-31 | 287 | $575.2M | 25 | |
| 2015-12-31 | 176 | $599.3M | 20 | |
| 2015-09-30 | 194 | $564.9M | 30 | |
| 2015-06-30 | 177 | $602.2M | 13 | |
| 2015-03-31 | 160 | $601.6M | 13 | |
| 2014-12-31 | 164 | $590.2M | 12 | |
| 2014-09-30 | 152 | $577.6M | 13 | |
| 2014-06-30 | 162 | $579.7M | 43 | |
| 2014-03-31 | 160 | $463.8M | 44 | |
| 2013-12-31 | 159 | $453.9M | 43 | |
| 2013-09-30 | 166 | $501.7M | 56 | |
| 2013-06-30 | 173 | $680.8M | 0 |
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 |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2016-03-31 | 2016-05-04 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-10 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-30 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-14 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-12 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-07 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-10 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-24 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-06 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-06 | Amendment | View on EDGAR |
Institutions with a similar AUM
CIK 0001633207
Total reported value
$575.3M
296 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001846175
Total reported value
$575.6M
365 stks
2026-03-31
AUM within 0.1% of this institution
CIK 0001054233
Total reported value
$574.7M
162 stks
2018-06-30
Stale — no recent filing
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0000728618
Total reported value
$328.3M
11 stks
2026-03-31
3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us
CIK 0001287978
Total reported value
$163.4M
137 stks
2026-03-31
3 of the top 5 holdings overlap, including Vanguard S&p 500 ETF
CIK 0001317601
Total reported value
$11.4M
6 stks
2019-09-30
Stale — no recent filing
3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us