ALERUS FINANCIAL NA
SEC Form 13F institutional filer · CIK 0000919458
13F-HR · 298 reported holdings · 2026-03-31
ALERUS FINANCIAL NA is a financial services company.
Reported long-US-equity value
$1.52B
Top-10 concentration
59.9%
ALERUS FINANCIAL NA — $1.52B AUM allocation strategy
ALERUS FINANCIAL NA files SEC Form 13F and reports $1.52B of long US equity value across 298 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 12.8%, followed by Communication Services 4.1% and Consumer Discretionary 2.8%.
The top 10 holdings account for 60% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
ALERUS FINANCIAL NA — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.52B
total across 298 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
60% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$F +72.8K sh · +$836K+$KVUE +57.8K sh · +$997K+$PFE +46.9K sh · +$1.32M
Biggest trims (shares)
−$HPE −87.9K sh · −$2.2M−$IVV −43.7K sh · −$2.09M−$SO −40.3K sh · −$2.61M
Exited to nil (held last quarter, gone now)
$FIS ($16.6K last qtr)$EQT ($13.4K last qtr)$SPYM ($10.3K last qtr)$QQQM ($8.6K last qtr)$SLB ($7.68K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors6.2%—
- Interactive Media & Services3.2%—
- Technology Hardware, Storage & Peripherals3.1%—
- Systems Software2.6%—
- Pharmaceuticals2.1%—
- Broadline Retail1.7%—
- Integrated Oil & Gas1.3%—
- Diversified Banks1.3%—
- Other holdings78.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
7 of 7 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 337K | $58.8M | -2.25K | 3.9% |
| $AAPL | Apple Inc | 186K | $47.3M | -120 | 3.1% |
| $MSFT | Microsoft Corporation | 106K | $39.2M | +363 | 2.6% |
| $AVGO | Broadcom Inc | 117K | $36.1M | -3.97K | 2.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 117K | $33.5M | -4.1K | 2.2% |
| $AMZN | Amazon.com Inc | 121K | $25.2M | -486 | 1.7% |
| $XOM | ExxonMobil Holdings Corporation | 122K | $20.7M | +4.42K | 1.4% |
…and 291 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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