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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$7.74M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$3.36M |
| 3 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$2.31M |
| 4 |
BlackRock
New York
|
+$1.1M |
| 5 |
State Street
Boston,
Massachusetts
|
+$727K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$7.43M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$3.88M |
| 3 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$2.86M |
| 4 |
ACM
Ategra Capital Management
Vienna,
Virginia
|
-$2.22M |
| 5 |
EVC
Eidelman Virant Capital
Saint Louis,
Missouri
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Canada Life
Winnipeg,
Manitoba, Canada
| $3K | -$40 | -2 | -1% |
|
|
FCM
52
FJ Capital Management
Mclean,
Virginia
| – | -$7.43M | -325,000 | Closed |
|
|
53
Adage Capital Partners
Boston,
Massachusetts
| – | -$3.88M | -170,000 | Closed |
|
|
EPCA
54
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
| – | -$2.86M | -125,000 | Closed |
|
|
ACM
55
Ategra Capital Management
Vienna,
Virginia
| – | -$2.22M | -97,000 | Closed |
|
|
BGDI
56
BW Gestao de Investimentos
Sao Paulo,
Brazil
| – | -$117K | -5,130 | Closed |
|
57
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$9K | -376 | Closed |
|
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.