Black Maple Capital Management’s Alerus Financial ALRS Stock Holding History

Black Maple Capital Management’s Portfolio ALRS Stock Details ALRS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$468K	Sell	19,757 -4,819	-20%	-$117K	0.26%	60
2025 Q4	$553K	Buy	24,576 +13,624	+124%	+$297K	0.39%	48
2025 Q3	$242K	Sell	10,952 -4,020	-27%	-$89.1K	0.12%	71
2025 Q2	$324K	Buy	14,972 +2,137	+17%	+$42.8K	0.15%	65
2025 Q1	$237K	Buy	12,835 +1,207	+10%	+$24K	0.13%	75
2024 Q4	$224K	Sell	11,628 -1,913	-14%	-$42K	0.12%	74
2024 Q3	$310K	Buy	+13,541	New	+$289K	0.21%	72

Other funds holding ALRS

Alerus Financial Grand Forks, North Dakota $2.02B AUM 26.03% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

ECA

Endeavour Capital Advisors Greenwich, Connecticut $441M AUM 21.38% 1-Year Est. Return

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

M3F Inc Salt Lake City, Utah $404M AUM 17.61% 1-Year Est. Return

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

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Black Maple Capital Management's ALRS Position: Q1 2026 in Review

Black Maple Capital Management reduced its Alerus Financial (ALRS) stake by 20% in Q1 2026, selling an estimated $117K and leaving 19,757 shares worth $468K. The position accounts for 0.26% of the portfolio, ranked #60.

Black Maple Capital Management first reported a position in ALRS in Q3 2024 and has held it in 7 quarters since. The position peaked at $553K in Q4 2025. 149 funds tracked by Wall St. Rank hold ALRS as of Q1 2026.

Black Maple Capital Management held 19,757 shares of Alerus Financial worth $468K as of Q1 2026.
Black Maple Capital Management sold 4,819 Alerus Financial shares in Q1 2026, an estimated $117K.
Alerus Financial made up 0.26% of Black Maple Capital Management's portfolio in Q1 2026, its #60 holding.
Black Maple Capital Management first reported a position in Alerus Financial in Q3 2024 and has held it in 7 quarters since.
Black Maple Capital Management's Alerus Financial position peaked at $553K in Q4 2025.
149 funds tracked by Wall St. Rank held Alerus Financial as of Q1 2026.

Based on Black Maple Capital Management's 13F filing for Q1 2026, filed 15 May 2026.