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Alerus Financial NA

CIK:0000919458
Asset Manager
$4B AUM
510 holdings
Grand Forks, ND, United States
Founded:1879
850 employees
Latest filing:Jun 30, 2025

Alerus Financial, N.A. is a diversified financial services company headquartered in Grand Forks, North Dakota. Founded in 1879, it offers an integrated suite of commercial and private banking, retirement and benefit services, wealth management, and mortgage solutions. Alerus serves individuals, families, businesses, and institutions, primarily across the Upper Midwest and Arizona, leveraging a holistic client-centric model. As of March 31, 2024, Alerus manages approximately $4.2 billion in total assets and over $43 billion in client assets under administration/management, with a workforce of about 850 employees.

Investment Strategy

Alerus employs a client-centered, holistic approach to financial management, integrating personalized investment management, fiduciary oversight, and strategic advisory services. Portfolios are actively managed to align with clients' risk tolerance, time horizon, and goals. The firm emphasizes diversified asset allocation, continuous portfolio monitoring, and strategic adjustments to balance long-term growth with risk management. Alerus also specializes in retirement plan administration and employee stock ownership plans (ESOPs), using its expertise to attract and retain clients seeking comprehensive, integrated financial solutions.

Latest 13F Filing Activity

Alerus Financial NA filed their most recent 13F report on Jun 30, 2025 disclosing 508 equity positions with a total 13F market value of $1B. The fund increased holdings in Nvidia Corporation, Vanguard Scottsdale FDS, Broadcom Inc. among other positions. Alerus Financial NA reduced exposure to Vistra Corp., Apple Inc., Chevron Corp. New among others.

Top Buys
N
NVDANVIDIA CORPORATION
+$17.6M
V
VTWOVANGUARD SCOTTSDALE FDS
+$16.0M
A
AVGOBROADCOM INC
+$13.8M
M
MSFTMICROSOFT CORP
+$13.2M
D
DFAXDIMENSIONAL ETF TRUST
+$11.3M
Top Sells
V
VSTVISTRA CORP
-$7.2M
A
AAPLAPPLE INC
-$4.9M
C
CVXCHEVRON CORP NEW
-$3.4M
U
UNPUNION PAC CORP
-$3.4M
X
XLESELECT SECTOR SPDR TR
-$3.2M

Top Holdings

V
VOOVANGUARD INDEX FDS
+10.3%$143.4M
D
DFAXDIMENSIONAL ETF TRUST
+7.5%$103.9M
I
IXUSISHARES TR
+5.3%$73.7M
A
AGGISHARES TR
+5.3%$73.5M
N
NVDANVIDIA CORPORATION
+4.0%$55.2M

Equity Positions (508)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
VANGUARD INDEX FDS10.33%$143.4M252,519$267.29$568.03+$9.7M
DIMENSIONAL ETF TRUST7.48%$103.9M3,538,198$23.97$29.37+$11.3M
ISHARES TR5.31%$73.7M953,094$57.95$77.31-$900.0K
ISHARES TR5.29%$73.5M740,794$109.09$99.20-$2.9M
NVIDIA CORPORATION3.97%$55.2M349,220$15.60$157.99+$17.6M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+6.4%
NATIONAL COMMERCIAL BANKS
+5.4%
SERVICES-PREPACKAGED SOFTWARE
+5.0%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+2.5%
ELECTRONIC COMPUTERS
+2.5%