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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

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

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
AF
1
Alerus Financial
North Dakota
$33.2M +$253K +12,663 +0.6%
MCM
2
Maltese Capital Management
New York
$8.4M +$3.36M +168,179 +49%
ECA
3
Endeavour Capital Advisors
Connecticut
$8.08M +$7.74M +387,085 +379%
MI
4
M3F Inc
Utah
$8.01M +$2.31M +115,425 +31%
Goldman Sachs
5
Goldman Sachs
New York
$5.31M +$178K +8,917 +3%
Vanguard Group
6
Vanguard Group
Pennsylvania
$4.73M +$74.7K +3,736 +1%
BFC
7
Banc Funds Company
Illinois
$3.55M – – –
Brown Advisory
8
Brown Advisory
Maryland
$3.13M -$31K -1,549 -0.8%
BlackRock
9
BlackRock
New York
$2.71M +$1.1M +54,823 +50%
AllianceBernstein
10
AllianceBernstein
Tennessee
$2.69M -$359K -17,968 -10%
RHCA
11
Rosenthal Henry Capital Advisors
Indiana
$1.98M +$41K +2,050 +2%
Stifel Financial
12
Stifel Financial
Missouri
$1.16M – – –
State Street
13
State Street
Massachusetts
$1.09M +$727K +36,352 +125%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$782K -$60.8K -3,042 -6%
Northern Trust
15
Northern Trust
Illinois
$660K +$270K +13,506 +51%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$658K +$155K +7,753 +24%
FAAS
17
First Allied Advisory Services
California
$483K +$10K +500 +2%
PCM
18
Penn Capital Management
Pennsylvania
$430K +$249K +12,449 +92%
EVC
19
Eidelman Virant Capital
Missouri
$357K -$1.11M -55,400 -72%
LI
20
Lafayette Investments
Maryland
$332K – – –
Charles Schwab
21
Charles Schwab
California
$320K +$4.02K +201 +1%
HSBC Holdings
22
HSBC Holdings
United Kingdom
$297K +$360K +17,993 New
Wells Fargo
23
Wells Fargo
California
$286K +$151K +7,530 +77%
FPB
24
First PREMIER Bank
South Dakota
$281K – – –
US Bancorp
25
US Bancorp
Minnesota
$280K – – –
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.