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Alerus Financial
ALRS

51 hedge funds and large institutions have $91M invested in Alerus Financial in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 8

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

6% more funds holding

Funds holding: 48 → 51 (+3)

0.61% more ownership

Funds ownership: 31.58% → 32.19% (+0.61%)

26% less capital invested

Capital invested by funds: $123M → $91M (-$32M)

Holders
51
Holders Change
+3
Holders Change %
+6.25%
% of All Funds
1.12%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
10
Increased
23
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ECA
Endeavour Capital Advisors
Connecticut
+$7.74M
2
MCM
Maltese Capital Management
New York
+$3.36M
3
MI
M3F Inc
Utah
+$2.31M
4
BlackRock
BlackRock
New York
+$1.1M
5
State Street
State Street
Massachusetts
+$727K

Top Sellers

Rank Fund Capital Flow
1
FCM
FJ Capital Management
Virginia
-$7.43M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$3.88M
3
EPCA
Elizabeth Park Capital Advisors
Ohio
-$2.86M
4
ACM
Ategra Capital Management
Virginia
-$2.22M
5
EVC
Eidelman Virant Capital
Missouri
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Acadian Asset Management
26
Acadian Asset Management
Massachusetts
$267K +$206K +10,279 +173%
Dimensional Fund Advisors
27
Dimensional Fund Advisors
Texas
$243K +$294K +14,721 New
Renaissance Technologies
28
Renaissance Technologies
New York
$231K +$279K +13,965 New
Morgan Stanley
29
Morgan Stanley
New York
$183K +$135K +6,734 +156%
BB
30
Bell Bank
North Dakota
$170K +$206K +10,280 New
Barclays
31
Barclays
United Kingdom
$122K +$88K +4,401 +147%
JP Morgan Chase
32
JP Morgan Chase
New York
$83K +$80.3K +4,016 +412%
Bank of America
33
Bank of America
North Carolina
$82K +$46.4K +2,318 +87%
California State Teachers Retirement System (CalSTRS)
34
California State Teachers Retirement System (CalSTRS)
California
$76K +$1.06K +53 +1%
DA
35
Denali Advisors
California
$58K +$70K +3,500 New
UBS Group
36
UBS Group
Switzerland
$54K -$27.2K -1,360 -29%
New York State Common Retirement Fund
37
New York State Common Retirement Fund
New York
$35K +$42K +2,100 New
PAM
38
Panagora Asset Management
Massachusetts
$31K +$37.6K +1,881 New
AIG
39
American International Group
New York
$29K -$2.04K -102 -5%
FDCDDQ
40
Federation des caisses Desjardins du Quebec
Quebec, Canada
$23.8K +$28.4K +1,421 New
Deutsche Bank
41
Deutsche Bank
Germany
$16K -$1.08K -54 -5%
First Manhattan
42
First Manhattan
New York
$16K – – –
Citigroup
43
Citigroup
New York
$15K +$5.74K +287 +48%
SO
44
STRS Ohio
Ohio
$13K – – –
Osaic Holdings
45
Osaic Holdings
Arizona
$9K +$10.6K +531 New
TRCT
46
Tower Research Capital (TRC)
New York
$9K +$11.3K +565 New
JFA
47
JNBA Financial Advisors
Minnesota
$8K – – –
Legal & General Group
48
Legal & General Group
United Kingdom
$5K – – –
AIP
49
Ameritas Investment Partners
Nebraska
$4K – – –
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$4K +$1.04K +52 +25%
1
2
3

ALRS Hedge Fund Activity: Q1 2020 in Review

51 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Alerus Financial (ALRS) for Q1 2020, worth a combined $91M — down 26% from $123M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new ALRS positions and 6 closed out — a net gain of 4 holders — while 23 added to existing stakes and 8 trimmed.

The largest buyer was Endeavour Capital Advisors, adding an estimated $7.74M. The largest seller was FJ Capital Management, exiting entirely with an estimated $7.43M sold.

  • 51 institutional investors held Alerus Financial (ALRS) as of Q1 2020, up from 48 in Q4 2019.
  • Funds reported $91M of Alerus Financial stock for Q1 2020, down 26% quarter-over-quarter.
  • 10 funds opened new Alerus Financial positions in Q1 2020 and 6 closed out, a net change of +4 holders.
  • The largest Alerus Financial buyer in Q1 2020 was Endeavour Capital Advisors, an estimated $7.74M added.
  • The largest Alerus Financial seller in Q1 2020 was FJ Capital Management, an estimated $7.43M sold.

Based on aggregated 13F filings for Q1 2020.