Alerus Financial NA
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.
Top Holdings
Equity Positions (508)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VOO | VANGUARD INDEX FDS | 10.33% | $143.4M | 252,519 | $267.29 | $568.03 | +$9.7M |
D DFAX | DIMENSIONAL ETF TRUST | 7.48% | $103.9M | 3,538,198 | $23.97 | $29.37 | +$11.3M |
I IXUS | ISHARES TR | 5.31% | $73.7M | 953,094 | $57.95 | $77.31 | -$900.0K |
A AGG | ISHARES TR | 5.29% | $73.5M | 740,794 | $109.09 | $99.20 | -$2.9M |
N NVDA | NVIDIA CORPORATION | 3.97% | $55.2M | 349,220 | $15.60 | $157.99 | +$17.6M |