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AF

Alerus Financial Portfolio holdings

AUM $2.02B
1-Year Est. Return 26.03%
This Fund
S&P 500
This Quarter Est. Return
+8.4%
1 Year Est. Return
+26.03%
3 Year Est. Return
+77.37%
5 Year Est. Return
+85.92%
10 Year Est. Return
+272.98%
AUM
$1.97B
AUM Growth
+$577M
Cap. Flow
+$455M
Cap. Flow %
23.13%
Top 10 Hldgs %
59.38%
Holding
577
New
67
Increased
112
Reduced
120
Closed
44

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$292M
2
DFAX icon
Dimensional World ex US Core Equity 2 ETF
DFAX
+$147M
3
VCRB icon
Vanguard Core Bond ETF
VCRB
+$70.7M
4
VCIT icon
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
+$9.49M
5
SJM icon
J.M. Smucker
SJM
+$6.65M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$73.4M
2
XLK icon
State Street Technology Select Sector SPDR ETF
XLK
+$7.85M
3
KVUE icon
Kenvue
KVUE
+$7.48M
4
IXUS icon
iShares Core MSCI Total International Stock ETF
IXUS
+$3.42M
5
SPGI icon
S&P Global
SPGI
+$2.81M

Sector Composition

Rank Sector Weight
1 Technology 15.73%
2 Financials 9.53%
3 Communication Services 4.45%
4 Industrials 4.39%
5 Healthcare 3.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWF icon
301
iShares Russell 1000 Growth ETF
IWF
$120B
$27.6K ﹤0.01%
236
– –
FYX icon
302
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.37B
$27.6K ﹤0.01%
253
– –
ACGL icon
303
Arch Capital
ACGL
$34.5B
$27.3K ﹤0.01%
301
-194
-39% -$17.4K
ADP icon
304
Automatic Data Processing
ADP
$105B
$25.8K ﹤0.01%
88
– –
VWO icon
305
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$24.2K ﹤0.01%
447
– –
FISV
306
Fiserv Inc
FISV
$28.8B
$23.9K ﹤0.01%
185
+25
+16% +$3.58K
TSM icon
307
TSMC
TSM
$2.09T
$23.7K ﹤0.01%
+85
New +$20.8K
HAL icon
308
Halliburton
HAL
$26.4B
$23.2K ﹤0.01%
945
– –
XME icon
309
State Street SPDR S&P Metals & Mining ETF
XME
$3.92B
$22.4K ﹤0.01%
240
– –
SPOT icon
310
Spotify
SPOT
$107B
$22.3K ﹤0.01%
32
– –
ECG
311
Everus Construction Group
ECG
$6.28B
$21.9K ﹤0.01%
255
– –
IQV icon
312
IQVIA
IQV
$39.1B
$21.8K ﹤0.01%
115
-77
-40% -$14K
DFUV icon
313
Dimensional US Marketwide Value ETF
DFUV
$15.4B
$21.7K ﹤0.01%
485
– –
UGI icon
314
UGI
UGI
$7.76B
$21.5K ﹤0.01%
645
– –
AZO icon
315
AutoZone
AZO
$49.1B
$21.5K ﹤0.01%
5
– –
KNF icon
316
Knife River
KNF
$4.15B
$21.1K ﹤0.01%
274
– –
EXTR icon
317
Extreme Networks
EXTR
$3.9B
$20.6K ﹤0.01%
1,000
– –
NVO
318
Novo Nordisk
NVO
$228B
$20.6K ﹤0.01%
371
+185
+99% +$10.8K
MDU icon
319
MDU Resources
MDU
$4.17B
$20.6K ﹤0.01%
1,155
– –
SDGR icon
320
Schrodinger
SDGR
$1.15B
$20.1K ﹤0.01%
1,000
– –
RGLD icon
321
Royal Gold
RGLD
$17.2B
$20.1K ﹤0.01%
100
– –
ELV icon
322
Elevance Health
ELV
$81.6B
$19.7K ﹤0.01%
61
– –
GLD icon
323
SPDR Gold Trust
GLD
$133B
$19.6K ﹤0.01%
55
– –
ASML icon
324
ASML
ASML
$634B
$19.4K ﹤0.01%
+20
New +$15.7K
BHP icon
325
BHP
BHP
$218B
$19.2K ﹤0.01%
344
– –
11 12
13
14 15

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Alerus Financial's Q3 2025 Portfolio in Review

As of Q3 2025, Alerus Financial held 577 positions worth $1.97B, up 42% from $1.39B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Alerus Financial deployed $455M of net new capital in Q3 2025, opening 67 new positions and adding to 112 existing holdings. Its largest new stake was Vanguard Core Bond ETF: 911,317 shares worth $71.5M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 19% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $73.4M trimmed.

  • Alerus Financial's largest Q3 2025 buy was Vanguard Core Bond ETF: 911,317 shares worth $71.5M.
  • Alerus Financial added most to Vanguard S&P 500 ETF in Q3 2025, an estimated $292M increase.
  • Alerus Financial's biggest Q3 2025 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $73.4M.
  • Alerus Financial fully exited State Street SPDR Bloomberg 1-3 Month T-Bill ETF in Q3 2025, selling an estimated $101K.
  • Alerus Financial's ten largest holdings make up 59% of its $1.97B portfolio in Q3 2025.
  • Alerus Financial opened 67 new positions and closed 44 in Q3 2025.
  • Alerus Financial's portfolio value rose 42% quarter-over-quarter to $1.97B.

Based on Alerus Financial's 13F filing for Q3 2025, filed 10 Nov 2025.