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 Q2	–	Sell	-19,757	Closed	-$468K	–	96
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 $2.29B AUM 30.87% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

M3F Inc Salt Lake City, Utah $422M AUM 42.84% 1-Year Est. Return

SCA

Stieven Capital Advisors St. Louis, Missouri $524M AUM 29.72% 1-Year Est. Return

PFC

Phocas Financial Corp Alameda, California $721M AUM 63.77% 1-Year Est. Return

Black Maple Capital Management's ALRS Position: Q2 2026 in Review

Black Maple Capital Management sold out of Alerus Financial (ALRS) in Q2 2026, closing a stake of 19,757 shares — an estimated $468K sold.

Black Maple Capital Management first reported a position in ALRS in Q3 2024 and held it in 7 quarters. The position peaked at $553K in Q4 2025. 161 funds tracked by Wall St. Rank hold ALRS as of Q2 2026.

Black Maple Capital Management reported no remaining Alerus Financial position as of Q2 2026 after selling out during the quarter.
Black Maple Capital Management sold 19,757 Alerus Financial shares in Q2 2026, an estimated $468K.
Black Maple Capital Management first reported a position in Alerus Financial in Q3 2024 and held it in 7 quarters.
Black Maple Capital Management's Alerus Financial position peaked at $553K in Q4 2025.
161 funds tracked by Wall St. Rank held Alerus Financial as of Q2 2026.

Based on Black Maple Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.