1y return+21.1%S&P 500 +20.9%
3y return+63.7%S&P 500 +68.5%
5y return+54.3%S&P 500 +74.5%
10y return+182.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $283 against $357 in the S&P 500.2
Alerus Financial NaS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VOOVanguard Index Fds | $515.0M | 22.5% | −1.2% |
| DFAXDimensional Etf Trust | $308.3M | 13.5% | |
| IWRIshares Tr | $108.7M | 4.8% | |
| IXUSIshares Tr | $80.7M | 3.5% | |
| VCRBVanguard Malvern Fds | $74.3M | 3.2% | +1.4% |
| NVDANvidia Corporation | $66.8M | 2.9% | |
| ALRSAlerus Finl Corp | $65.8M | 2.9% | −5.6% |
| AAPLApple Inc | $54.3M | 2.4% | |
| AVGOBroadcom Inc | $41.5M | 1.8% | −5.8% |
| GOOGLAlphabet Inc | $40.9M | 1.8% | −1.8% |
| MSFTMicrosoft Corp | $38.9M | 1.7% | −1.5% |
| MUMicron Technology Inc | $33.4M | 1.5% | +1.3% |
| VCLTVanguard Scottsdale Fds | $30.4M | 1.3% | −1.2% |
| AMZNAmazon Com Inc | $27.8M | 1.2% | −3.5% |
| JPMJpmorgan Chase & Co | $22.7M | 1.0% | +3.0% |
| LLYEli Lilly & Co | $20.1M | 0.9% | −7.5% |
| Exxon Mobil CorpCUSIP 30231G102 | $19.8M | 0.9% | +19.0% |
| CSCOCisco Sys Inc | $19.7M | 0.9% | +4.5% |
| VTWOVanguard Scottsdale Fds | $19.0M | 0.8% | −3.1% |
| JNJJohnson & Johnson | $19.0M | 0.8% | +19.4% |
| TSLATesla Inc | $17.9M | 0.8% | −5.8% |
| METAMeta Platforms Inc | $15.5M | 0.7% | |
| HPEHewlett Packard Enterprise C | $14.0M | 0.6% | −26.4% |
| UNHUnitedhealth Group Inc | $12.3M | 0.5% | −3.1% |
| IBMInternational Business Machs | $12.1M | 0.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $66.8M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $41.5M |
| Seagate Technology Hldngs PlCUSIP G7997R103 | June 30, 2021 | +997.4% | $8.2M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $20.1M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $40.9M |
| Eaton Corp PLCCUSIP G29183103 | June 30, 2020 | +387.1% | $11.5M |
| AMDAdvanced Micro Devices Inc | December 31, 2021 | +303.7% | $10.6M |
| VRTVertiv Holdings Co | June 30, 2024 | +286.8% | $9.2M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $22.7M |
| Exxon Mobil CorpCUSIP 30231G102 | December 31, 2020 | +231.7% | $19.8M |
Sold off last quarter
- Dupont De Nemours IncCUSIP 26614N102 was $1.5M
- Honeywell Intl IncCUSIP 438516106 was $555K
- CENTACentral Garden & Pet Co was $468K
- JPSTJ P Morgan Exchange Traded F was $172K
- MKORMatthews Asia Fds was $166K
- MINTPimco Etf Tr was $128K
- RDIVInvesco Exch Traded Fd Tr II was $121K
- APOApollo Global Mgmt Inc was $109K
- JPLDJ P Morgan Exchange Traded F was $80K
- PULSPgim Etf Tr was $76K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.2% | +14.8% |
| March 31, 2026 | −2.1% | −4.6% |
| December 31, 2025 | +2.4% | +2.4% |
| September 30, 2025 | +7.6% | +7.8% |
| June 30, 2025 | +11.9% | +10.5% |
| March 31, 2025 | −2.8% | −4.6% |
| December 31, 2024 | −0.4% | +2.1% |
| September 30, 2024 | +6.3% | +5.4% |
| June 30, 2024 | +2.5% | +4.0% |
| March 31, 2024 | +8.1% | +10.0% |
| December 31, 2023 | +10.7% | +11.2% |
| September 30, 2023 | −4.2% | −3.6% |
| June 30, 2023 | +4.3% | +8.3% |
| March 31, 2023 | +3.8% | +7.0% |
| December 31, 2022 | +7.5% | +7.1% |
| September 30, 2022 | −6.4% | −5.3% |
| June 30, 2022 | −14.9% | −16.5% |
| March 31, 2022 | −5.3% | −4.9% |
| December 31, 2021 | +7.7% | +10.7% |
| September 30, 2021 | −0.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Alerus Financial Na Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=919458&type=13F-HR&dateb=&owner=include&count=40CIK 919458
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/919458/000091945826000003/Filed August 14, 2026 · accession 0000919458-26-000003