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Alerus Financial
ALRS

68 hedge funds and large institutions have $136M invested in Alerus Financial in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 18 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 18

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.47% less ownership

Funds ownership: 42.72% → 42.24% (-0.47%)

13% less funds holding

Funds holding: 78 → 68 (-10)

31% less capital invested

Capital invested by funds: $196M → $136M (-$60M)

59% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 17

Holders
68
Holders Change
-10
Holders Change %
-12.82%
% of All Funds
1.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
28
Reduced
18
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$1.1M
2
Brown Advisory
Brown Advisory
Maryland
+$942K
3
Morgan Stanley
Morgan Stanley
New York
+$879K
4
Millennium Management
Millennium Management
New York
+$850K
5
ACM
Ategra Capital Management
Virginia
+$831K

Top Sellers

1
BFM
Boothbay Fund Management
New York
-$3.04M
2
EPCA
Elizabeth Park Capital Advisors
Ohio
-$2.53M
3
AWM
AE Wealth Management
Kansas
-$976K
4
Invesco
Invesco
Georgia
-$912K
5
PFO
PMC FIG Opportunities
Israel
-$771K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
1
Alerus Financial
North Dakota
$36.6M +$584K +29,488 +1%
BlackRock
2
BlackRock
New York
$16.3M -$121K -6,124 -0.6%
Vanguard Group
3
Vanguard Group
Pennsylvania
$13.6M +$54.7K +2,759 +0.3%
BFC
4
Banc Funds Company
Illinois
$9.36M – – –
State Street
5
State Street
Massachusetts
$4.97M +$216K +10,891 +4%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$4.85M +$232K +11,687 +4%
Ameriprise
7
Ameriprise
Minnesota
$4.7M +$830K +41,880 +17%
Brown Advisory
8
Brown Advisory
Maryland
$4.49M +$942K +47,571 +21%
Goldman Sachs
9
Goldman Sachs
New York
$3.27M -$511K -25,796 -11%
ECA
10
Endeavour Capital Advisors
Connecticut
$3.1M +$237K +11,941 +7%
AllianceBernstein
11
AllianceBernstein
Tennessee
$2.58M -$217K -10,942 -6%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$2.53M +$210K +10,583 +7%
ACM
13
Ategra Capital Management
Virginia
$2.52M +$831K +41,957 +36%
Northern Trust
14
Northern Trust
Illinois
$2.51M -$133K -6,726 -4%
CCM
15
Cutler Capital Management
Massachusetts
$2.48M +$7.61K +384 +0.2%
MPI
16
Mairs & Power Inc
Minnesota
$2.27M – – –
Charles Schwab
17
Charles Schwab
California
$1.98M +$7.23K +365 +0.3%
American Century Companies
18
American Century Companies
Missouri
$1.84M +$607K +30,652 +36%
Citadel Advisors
19
Citadel Advisors
Florida
$1.7M +$1.1M +55,284 +109%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$1.45M -$59.3K -2,993 -3%
BCM
21
Bridgeway Capital Management
Texas
$1.29M -$762K -38,473 -32%
Stifel Financial
22
Stifel Financial
Missouri
$1.04M +$1.19K +60 +0.1%
BCM
23
Basswood Capital Management
New York
$967K – – –
Morgan Stanley
24
Morgan Stanley
New York
$925K +$879K +44,380 +334%
Two Sigma Investments
25
Two Sigma Investments
New York
$732K +$241K +12,172 +36%
1
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ALRS Hedge Fund Activity: Q1 2023 in Review

68 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Alerus Financial (ALRS) for Q1 2023, worth a combined $136M — down 31% from $196M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of ALRS and 7 opened new positions — a net loss of 10 holders — while 18 trimmed existing stakes and 28 added.

The largest buyer was Citadel Advisors, adding an estimated $1.1M. The largest seller was Boothbay Fund Management, exiting entirely with an estimated $3.04M sold.

  • 68 institutional investors held Alerus Financial (ALRS) as of Q1 2023, down from 78 in Q4 2022.
  • Funds reported $136M of Alerus Financial stock for Q1 2023, down 31% quarter-over-quarter.
  • 7 funds opened new Alerus Financial positions in Q1 2023 and 17 closed out, a net change of -10 holders.
  • The largest Alerus Financial buyer in Q1 2023 was Citadel Advisors, an estimated $1.1M added.
  • The largest Alerus Financial seller in Q1 2023 was Boothbay Fund Management, an estimated $3.04M sold.

Based on aggregated 13F filings for Q1 2023.