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Alerus Financial
ALRS

142 hedge funds and large institutions have $347M invested in Alerus Financial in 2025 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 70 increasing their positions, 31 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

126% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 31

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

6% more capital invested

Capital invested by funds: $327M → $347M (+$19.9M)

5% more funds holding

Funds holding: 135 → 142 (+7)

2.53% more ownership

Funds ownership: 58.11% → 60.64% (+2.5%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
142
Holders Change
+7
Holders Change %
+5.19%
% of All Funds
1.73%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
17
Increased
70
Reduced
31
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PFC
Phocas Financial Corp
California
+$3.69M
2
MI
M3F Inc
Utah
+$3.24M
3
Goldman Sachs
Goldman Sachs
New York
+$1.76M
4
FCM
FJ Capital Management
Virginia
+$1.46M
5
American Century Companies
American Century Companies
Missouri
+$1.24M

Top Sellers

1
N
Nuveen
North Carolina
-$1.87M
2
BFC
Banc Funds Company
Illinois
-$1.47M
3
Squarepoint
Squarepoint
New York
-$1.23M
4
CP
CenterBook Partners
Connecticut
-$740K
5
AllianceBernstein
AllianceBernstein
Tennessee
-$665K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
1
Alerus Financial
North Dakota
$51.6M -$572K -26,237 -1%
BlackRock
2
BlackRock
New York
$40.6M +$256K +11,749 +0.7%
Vanguard Group
3
Vanguard Group
Pennsylvania
$29M +$446K +20,437 +2%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$18.7M +$728K +33,359 +4%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$13.6M +$510K +23,403 +4%
ECA
6
Endeavour Capital Advisors
Connecticut
$11.6M +$56.6K +2,597 +0.5%
State Street
7
State Street
Massachusetts
$10.8M +$93.4K +4,284 +0.9%
MI
8
M3F Inc
Utah
$9.26M +$3.24M +148,760 +57%
Ameriprise
9
Ameriprise
Minnesota
$8.55M +$80.6K +3,695 +1%
PFC
10
Phocas Financial Corp
California
$7.53M +$3.69M +168,987 +102%
AQR Capital Management
11
AQR Capital Management
Connecticut
$7.28M -$374K -17,162 -5%
Morgan Stanley
12
Morgan Stanley
New York
$6.86M -$79.7K -3,654 -1%
Goldman Sachs
13
Goldman Sachs
New York
$6.71M +$1.76M +80,599 +37%
CL
14
Choreo LLC
Illinois
$6.56M -$2.12K -97 -0%
GWI
15
Grace & White Inc
New York
$5.77M – – –
Wellington Management Group
16
Wellington Management Group
Massachusetts
$5.53M +$425K +19,490 +9%
AllianceBernstein
17
AllianceBernstein
Tennessee
$5.49M -$665K -30,500 -11%
GJL
18
Gendell Jeffrey L
$5.26M – – –
BFC
19
Banc Funds Company
Illinois
$4.84M -$1.47M -67,486 -24%
Charles Schwab
20
Charles Schwab
California
$4.67M -$90.9K -4,169 -2%
CA
21
CSM Advisors
Pennsylvania
$4.55M +$381K +17,460 +9%
American Century Companies
22
American Century Companies
Missouri
$4.11M +$1.24M +57,035 +45%
Northern Trust
23
Northern Trust
Illinois
$4.1M -$382K -17,499 -9%
Qube Research & Technologies (QRT)
24
Qube Research & Technologies (QRT)
United Kingdom
$3.17M +$663K +30,411 +28%
CCM
25
Cutler Capital Management
Massachusetts
$3.11M -$218K -10,000 -7%
1
2 3 4 5

ALRS Hedge Fund Activity: Q4 2025 in Review

142 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Alerus Financial (ALRS) for Q4 2025, worth a combined $347M — up 6.1% from $327M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new ALRS positions and 8 closed out — a net gain of 9 holders — while 70 added to existing stakes and 31 trimmed.

The largest buyer was Phocas Financial Corp, adding an estimated $3.69M. The largest seller was Nuveen, cutting an estimated $1.87M.

  • 142 institutional investors held Alerus Financial (ALRS) as of Q4 2025, up from 135 in Q3 2025.
  • Funds reported $347M of Alerus Financial stock for Q4 2025, up 6.1% quarter-over-quarter.
  • 17 funds opened new Alerus Financial positions in Q4 2025 and 8 closed out, a net change of +9 holders.
  • The largest Alerus Financial buyer in Q4 2025 was Phocas Financial Corp, an estimated $3.69M added.
  • The largest Alerus Financial seller in Q4 2025 was Nuveen, an estimated $1.87M sold.

Based on aggregated 13F filings for Q4 2025.