Alerus Financial
ALRS
60 hedge funds and large institutions have $121M invested in Alerus Financial in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 9 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
211% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 9
34% more capital invested
Capital invested by funds: $91M → $121M (+$30.5M)
18% more funds holding
Funds holding: 51 → 60 (+9)
3.74% more ownership
Funds ownership: 32.19% → 35.93% (+3.7%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$10.4M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$3.03M |
| 3 |
State Street
Boston,
Massachusetts
|
+$2.76M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.39M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$5.92M |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$3.72M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.5M |
| 4 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$796K |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$430K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
51
Tower Research Capital (TRC)
New York
| $28K | +$15.4K | +853 | +151% |
|
|
AIP
52
Ameritas Investment Partners
Lincoln,
Nebraska
| $26K | +$19.1K | +1,061 | +408% |
|
53
Bank of Montreal
Toronto,
Ontario, Canada
| $22K | +$21.5K | +1,191 | New |
|
|
EFSCE
54
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| $20K | +$18K | +1,000 | New |
|
55
First Manhattan
New York
| $19K | – | – | – |
|
|
SO
56
STRS Ohio
Columbus,
Ohio
| $15K | – | – | – |
|
|
JFA
57
JNBA Financial Advisors
Bloomington,
Minnesota
| $10K | – | – | – |
|
58
Osaic Holdings
Scottsdale,
Arizona
| $10K | – | – | – |
|
59
Canada Life
Winnipeg,
Manitoba, Canada
| $4K | -$198 | -11 | -6% |
|
|
PCM
60
Penn Capital Management
Philadelphia,
Pennsylvania
| – | -$430K | -26,036 | Closed |
|
|
EVC
61
Eidelman Virant Capital
Saint Louis,
Missouri
| – | -$357K | -21,600 | Closed |
|
|
FDCDDQ
62
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$23.8K | -1,421 | Closed |
|
63
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$4.43K | -246 | -96% |
|
ALRS Hedge Fund Activity: Q2 2020 in Review
60 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Alerus Financial (ALRS) for Q2 2020, worth a combined $121M — up 34% from $91M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new ALRS positions and 3 closed out — a net gain of 9 holders — while 28 added to existing stakes and 9 trimmed.
The largest buyer was BlackRock, adding an estimated $10.4M. The largest seller was Maltese Capital Management, cutting an estimated $5.92M.
- 60 institutional investors held Alerus Financial (ALRS) as of Q2 2020, up from 51 in Q1 2020.
- Funds reported $121M of Alerus Financial stock for Q2 2020, up 34% quarter-over-quarter.
- 12 funds opened new Alerus Financial positions in Q2 2020 and 3 closed out, a net change of +9 holders.
- The largest Alerus Financial buyer in Q2 2020 was BlackRock, an estimated $10.4M added.
- The largest Alerus Financial seller in Q2 2020 was Maltese Capital Management, an estimated $5.92M sold.
Based on aggregated 13F filings for Q2 2020.