AF

Alerus Financial NA

Diversified strategyMomentum followerLong-term holder

Total reported value

$2.0B

Reporting period: 2026-03-31 · Number of holdings: 515

ALERUS FINANCIAL NA disclosed 515 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.0B and a quarterly turnover rate of 13.7%.

Personality snowflake

Concentration
32.06
Portfolio Stability
13.71
Momentum/Contrarian
100
Sector conviction
50.12
Diversification
100
Sizing Uniformity
36.79

Recent moves

  • Trim VOO

    +0.7%　-$19.3M

  • Add DFAX

    -0.2%　$9.9M

  • Trim MSFT

    +0.3%　-$11.8M

  • Add XOM

    +3.8%　$6.5M

  • Trim AVGO

    -3.3%　-$5.6M

  • Trim LLY

    -8.0%　-$4.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 510 holdings (of 515 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1VOOVanguard S&p 500 ETFETF-Large Cap & Growth22.44%-0.68%+0.66%
2DFAXDimensional World Ex US CoreETF-Other14.15%+0.65%-0.19%
3IWRIshares Russell Mid-cap ETFETF-Other4.71%+0.18%+1.75%
4VCRBVanguard Core Bond ETFETF-Other3.63%—+1.26%
5IXUSIshares Core Intl Stock ETFETF-Other3.63%-0.07%-5.31%
6NVDANvidia CORPStock-Tech2.91%-0.19%-0.66%
7ALRSAlerus Financial CORPStock-Other2.63%+0.11%-2.07%
8AAPLApple INCStock-Tech2.34%-0.14%-0.06%
9MSFTMicrosoft CORPStock-Tech1.94%-0.55%+0.34%
10AVGOBroadcom INCStock-Tech1.79%-0.25%-3.29%
11GOOGLAlphabet Inc-cl AStock-Comm Services1.66%-0.19%-3.40%
12VCLTVanguard Long-term CORP BondETF-Corp Bonds1.51%—+4.37%
13AMZNAmazon.com INCStock-Consumer Disc1.25%-0.12%-0.40%
14VCSHVanguard S/t CORP Bond ETFETF-Corp Bonds1.07%—+7.41%
15XOMExxon Mobil CORPStock-Energy1.02%+0.33%+3.76%
16JPMJpmorgan Chase & CoStock-Financials0.98%-0.08%-0.19%
17TSLATesla INCStock-Consumer Disc0.83%-0.20%-3.82%
18LLYEli Lilly & CoStock-Healthcare0.83%-0.21%-8.03%
19VTWOVanguard Russell 2000 ETFETF-Small Cap0.80%—-3.40%
20METAMeta Platforms Inc-class AStock-Comm Services0.77%-0.10%+1.60%
21JNJJohnson & JohnsonStock-Healthcare0.76%+0.18%+9.44%
22AAAUGoldman Sachs Physical GoldETF-Commodities0.70%——
23CSCOCisco Systems INCStock-Tech0.62%+0.11%+17.59%
24VZVerizon Communications INCStock-Comm Services0.60%+0.16%+9.67%
25WMTWalmart INCStock-Consumer Staples0.56%—+1.61%
26BRK-BBerkshire Hathaway Inc-cl BStock-Other0.55%—+4.55%
27ETNEaton Corporation plcStock-Industrials0.54%—-14.59%
28TLTIshares 20+ Year Treasury BdETF-Gov Bonds0.53%—+5.05%
29SOSouthern Co/theStock-Utilities0.53%-0.10%-25.81%
30IBMIntl Business Machines CORPStock-Tech0.52%-0.13%-4.36%
31HPEHewlett Packard EnterpriseStock-Tech0.50%-0.10%-17.29%
32MUMicron Technology INCStock-Tech0.48%—-2.14%
33ABBVAbbvie INCStock-Healthcare0.48%—+11.33%
34PHParker Hannifin CORPStock-Industrials0.44%—-2.74%
35GEGeneral ElectricStock-Industrials0.43%-0.09%-10.63%
36TAt&t INCStock-Comm Services0.43%—-7.90%
37CVXChevron CORPStock-Energy0.42%+0.13%+5.46%
38VRTVertiv Holdings Co-aStock-Industrials0.42%—-22.16%
39UNHUnitedhealth Group INCStock-Healthcare0.41%-0.10%-3.73%
40NFLXNetflix INCStock-Comm Services0.39%—+4.11%
41CORCencora INCStock-Healthcare0.37%—-9.61%
42HDHome Depot INCStock-Consumer Disc0.36%—+17.48%
43WFCWells Fargo & CoStock-Financials0.35%—-3.08%
44TFCTruist Financial CORPStock-Financials0.35%-0.07%-11.75%
45TTWOTake-two Interactive SoftwreStock-Comm Services0.33%-0.14%-11.23%
46MRKMerck & Co. INC.Stock-Healthcare0.32%+0.12%+34.98%
47CDNSCadence Design Sys INCStock-Tech0.31%-0.11%-17.14%
48CATCaterpillar INCStock-Industrials0.30%—-11.62%
49PGProcter & Gamble Co/theStock-Consumer Staples0.30%—+30.17%
50LNGCheniere Energy INCStock-Energy0.29%—-20.90%
1–50 of 510

Holding changes this quarter

Alerus Financial NA's most significant position changes for 2026-03-31: New buy: Unilever Plc-sponsored Adr (UL); Sold out: Cyberark Software LTD; Add: Vanguard S&p 500 ETF (VOO) — shares +0.66%; Trim: Dimensional World Ex US Core (DFAX) — shares -0.19%; Add: Microsoft CORP (MSFT) — shares +0.34%.

Position changes disclosed by Alerus Financial NA for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1DFAXDimensional World Ex US Core+0.7%-0.19%Trim
2XOMExxon Mobil CORP+0.3%+3.76%Add
3JNJJohnson & Johnson+0.2%+9.44%Add
4IWRIshares Russell Mid-cap ETF+0.2%+1.75%Add
5VZVerizon Communications INC+0.2%+9.67%Add
6CVXChevron CORP+0.1%+5.46%Add
7MRKMerck & Co. INC.+0.1%+34.98%Add
8CSCOCisco Systems INC+0.1%+17.59%Add
9ALRSAlerus Financial CORP+0.1%-2.07%Trim
10AMDAdvanced Micro Devices+0.1%+354.76%Add
11DOWDow INC+0.1%+4260.38%Add
12EOGEog Resources INC+0.1%+1933.50%Add
13RTXRtx CORP+0.1%+2041.98%Add
14IXUSIshares Core Intl Stock ETF-0.1%-5.31%Trim
15TFCTruist Financial CORP-0.1%-11.75%Trim
16BLKBlackrock INC-0.1%-21.30%Trim
17JPMJpmorgan Chase & Co-0.1%-0.19%Trim
18COFCapital One Financial CORP-0.1%-0.32%Trim
19SCHWSchwab (charles) CORP-0.1%-23.88%Trim
20URIUnited Rentals INC-0.1%-25.45%Trim
21PFGPrincipal Financial Group-0.1%-34.32%Trim
22PRUPrudential Financial INC-0.1%-17.42%Trim
23ROKRockwell Automation INC-0.1%-28.05%Trim
24MDTMedtronic plc-0.1%-29.82%Trim
25GEGeneral Electric-0.1%-10.63%Trim
26BXBlackstone INC-0.1%-27.51%Trim
27SOSouthern Co/the-0.1%-25.81%Trim
28UNHUnitedhealth Group INC-0.1%-3.73%Trim
29HPEHewlett Packard Enterprise-0.1%-17.29%Trim
30METAMeta Platforms Inc-class A-0.1%+1.60%Add
31MMM3m Co-0.1%-21.26%Trim
32HEIHeico CORP-0.1%-14.53%Trim
33CDNSCadence Design Sys INC-0.1%-17.14%Trim
34ISRGIntuitive Surgical INC-0.1%-14.49%Trim
35AMZNAmazon.com INC-0.1%-0.40%Trim
36NOWServicenow INC-0.1%-36.45%Trim
37SHOPShopify INC - Class A-0.1%-12.06%Trim
38IBMIntl Business Machines CORP-0.1%-4.36%Trim
39AAPLApple INC-0.1%-0.06%Trim
40TTWOTake-two Interactive Softwre-0.1%-11.23%Trim
41BSXBoston Scientific CORP-0.2%-8.59%Trim
42NVDANvidia CORP-0.2%-0.66%Trim
43GOOGLAlphabet Inc-cl A-0.2%-3.40%Trim
44TSLATesla INC-0.2%-3.82%Trim
45LLYEli Lilly & Co-0.2%-8.03%Trim
46AVGOBroadcom INC-0.3%-3.29%Trim
47MSFTMicrosoft CORP-0.6%+0.34%Add
48VOOVanguard S&p 500 ETF-0.7%+0.66%Add
49ULUnilever Plc-sponsored Adr—NEWNew buy
50✓ Cyberark Software LTD—EXITSold out

FAQ

What is Alerus Financial NA and what type of investor is it?
Alerus Financial NA is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.0B, spread across 515 disclosed positions.
What are Alerus Financial NA's largest equity positions?
Based on the latest 13F filing, Alerus Financial NA's top holdings by market value are: 1. Vanguard S&p 500 ETF (VOO) — $453.3M (22.4%) 2. Dimensional World Ex US Core (DFAX) — $285.9M (14.2%) 3. Ishares Russell Mid-cap ETF (IWR) — $95.2M (4.7%) 4. Vanguard Core Bond ETF (VCRB) — $73.4M (3.6%) 5. Ishares Core Intl Stock ETF (IXUS) — $73.3M (3.6%)
What changes did Alerus Financial NA make in its most recent portfolio filing?
In the latest reported quarter, Alerus Financial NA made 50 notable position adjustments: 1 new positions were initiated, 14 existing holdings were added to, 34 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Unilever Plc-sponsored Adr (UL); Sold out: Cyberark Software LTD; Add: Vanguard S&p 500 ETF (VOO) — shares +0.66%; Trim: Dimensional World Ex US Core (DFAX) — shares -0.19%; Add: Microsoft CORP (MSFT) — shares +0.34%
What sectors does Alerus Financial NA focus on?
Alerus Financial NA is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 32.3% • Financials: 13.7% • Communication Services: 10.6% • Health Care: 10.4% • Industrials: 9.6% • Consumer Discretionary: 8.3%