Alerus Investment Advisors’s Vanguard Real Estate ETF VNQ Stock Holding History

Alerus Investment Advisors’s Portfolio VNQ Stock Details VNQ Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	$12.3M	Sell	146,550 -30,315	-17%	-$2.36M	2.14%	7
2015 Q4	$14.1M	Sell	176,865 -15,277	-8%	-$1.21M	2.35%	5
2015 Q3	$14.5M	Buy	192,142 +110,746	+136%	+$8.51M	2.57%	6
2015 Q2	$6.85M	Buy	81,396 +14	+0%	+$1.12K	1.14%	18
2015 Q1	$6.84M	Buy	81,382 +6,432	+9%	+$546K	1.14%	18
2014 Q4	$6.07M	Buy	74,950 +712	+1%	+$55.9K	1.03%	19
2014 Q3	$5.34M	Buy	74,238 +20,458	+38%	+$1.54M	0.92%	21
2014 Q2	$4.02M	Sell	53,780 -114	-0.2%	-$8.38K	0.69%	41
2014 Q1	$3.81M	Sell	53,894 -30,016	-36%	-$2.05M	0.82%	44
2013 Q4	$5.42M	Sell	83,910 -26,909	-24%	-$1.8M	1.19%	26
2013 Q3	$7.33M	Sell	110,819 -81,857	-42%	-$5.56M	1.46%	14
2013 Q2	$13.2M	Buy	+192,676	New	+$14M	2.04%	10

Other funds holding VNQ

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

EFS

Edelman Financial Services Fairfax, Virginia $11B AUM 9.53% 1-Year Est. Return

MTWSIF

Mivtachim The Workers Social Insurance Fund Tel Aviv, Israel $789M AUM 73.25% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

Fifth Third Bancorp Cincinnati, Ohio $54.7B AUM 26.51% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

WIM

Windhaven Investment Management Boston, Massachusetts $7.79B AUM 7.81% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Alerus Investment Advisors's VNQ Position: Q1 2016 in Review

Alerus Investment Advisors reduced its Vanguard Real Estate ETF (VNQ) stake by 17% in Q1 2016, selling an estimated $2.36M and leaving 146,550 shares worth $12.3M. The position accounts for 2.14% of the portfolio, ranked #7.

Alerus Investment Advisors first reported a position in VNQ in Q2 2013 and has held it in 12 quarters since. The position peaked at $14.5M in Q3 2015. 790 funds tracked by Wall St. Rank hold VNQ as of Q1 2016.

Alerus Investment Advisors held 146,550 shares of Vanguard Real Estate ETF worth $12.3M as of Q1 2016.
Alerus Investment Advisors sold 30,315 Vanguard Real Estate ETF shares in Q1 2016, an estimated $2.36M.
Vanguard Real Estate ETF made up 2.14% of Alerus Investment Advisors's portfolio in Q1 2016, its #7 holding.
Alerus Investment Advisors first reported a position in Vanguard Real Estate ETF in Q2 2013 and has held it in 12 quarters since.
Alerus Investment Advisors's Vanguard Real Estate ETF position peaked at $14.5M in Q3 2015.
790 funds tracked by Wall St. Rank held Vanguard Real Estate ETF as of Q1 2016.

Based on Alerus Investment Advisors's 13F filing for Q1 2016, filed 4 May 2016.