Q2 2026 13F · SEC CIK 919458

Alerus Financial Na

Bank & trustFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.3B
Reported positions: 506
Top holdings a year, 3 yrs: +20.6%
Average holding period: 7.4 yrs

Alerus Financial Na is a bank & trust that reported 506 positions worth $2.3B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Vanguard Index Fds (VOO, 22.5%), Dimensional ETF Trust (DFAX, 13.5%), Ishares Tr (IWR, 4.8%). A portfolio copying its top holdings returned 20.6% a year over the last 3 years, against 20.4% for the S&P 500.

Alerus Financial Na holdings largest 50 of 506 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Alerus Financial Na 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VOOVanguard Index Fds	22.5%	22.4%	749,797	-1.2%	$515.0M
DFAXDimensional ETF Trust	13.5%	14.2%	8,368,617	-0.6%	$308.3M
IWRIshares Tr	4.8%	4.7%	985,225	+0.6%	$108.7M
IXUSIshares Tr	3.5%	3.6%	845,112	-0.1%	$80.7M
VCRBVanguard Malvern Fds	3.3%	3.6%	961,921	+1.4%	$74.3M
NVDANvidia Corporation	2.9%	2.9%	333,736	-1.0%	$66.8M
ALRSAlerus Finl Corp Com	2.9%	2.6%	2,116,173	-5.6%	$65.8M
AAPLApple Inc	2.4%	2.3%	187,822	+0.8%	$54.3M
AVGOBroadcom Inc	1.8%	1.8%	109,906	-5.8%	$41.5M
GOOGLAlphabet Inc	1.8%	1.7%	114,403	-1.8%	$40.9M
MSFTMicrosoft Corp	1.7%	1.9%	104,258	-1.5%	$38.9M
MUMicron Technology Inc	1.5%	0.5%	28,945	+1.3%	$33.4M
VCLTVanguard Long-Term Corporate Bond ETF	1.3%	1.5%	403,549	-1.2%	$30.4M
AMZNAmazon Com Inc	1.2%	1.2%	116,785	-3.5%	$27.8M
JPMJpmorgan Chase & Co	1.0%	1.0%	69,378	+3.0%	$22.7M
LLYEli Lilly & Co	0.9%	0.8%	16,766	-7.5%	$20.1M
XOMExxon Mobil Corp	0.9%	1.0%	145,045	+19.0%	$19.8M
CSCOCisco Sys Inc	0.9%	0.6%	167,430	+4.5%	$19.7M
VTWOVanguard Scottsdale Fds	0.8%	0.8%	156,705	-3.1%	$19.0M
JNJJohnson & Johnson	0.8%	0.8%	74,659	+19.4%	$19.0M
TSLATesla Inc	0.8%	0.8%	42,569	-5.8%	$17.9M
METAMeta Platforms Inc	0.7%	0.8%	27,462	+0.6%	$15.5M
HPEHewlett Packard Enterprise C	0.6%	0.5%	309,551	-26.4%	$14.0M
UNHUnitedhealth Group Inc	0.5%	0.4%	29,498	-3.1%	$12.3M
IBMInternational Business Machs	0.5%	0.5%	43,153	-0.0%	$12.1M
ABBVAbbvie Inc	0.5%	0.5%	48,063	+8.7%	$12.1M
BRK-BBerkshire Hathaway Inc Del	0.5%	0.5%	23,929	+3.6%	$12.0M
ETNEaton Corp PLC	0.5%	0.5%	26,931	-12.2%	$11.5M
AAAUGoldman Sachs Physical Gold	0.5%	0.7%	281,513	-8.2%	$11.1M
WMTWalmart Inc	0.5%	0.6%	94,815	+4.8%	$10.7M
AMDAdvanced Micro Devices Inc	0.5%	—	18,269	—	$10.6M
GEGe Aerospace	0.5%	0.4%	27,561	-9.8%	$10.3M
TLTIshares Tr	0.4%	0.5%	114,239	-8.0%	$9.9M
VZVerizon Communications Inc	0.4%	0.6%	232,335	-3.0%	$9.8M
PHParker-Hannifin Corp	0.4%	0.4%	9,688	-3.1%	$9.5M
VRTVertiv Holdings Co	0.4%	0.4%	27,354	-19.4%	$9.2M
HDHome Depot Inc	0.4%	0.4%	24,373	+11.2%	$8.6M
CVXChevron Corporation	0.4%	0.4%	50,687	+23.1%	$8.4M
STXSeagate Technology Hldngs Pl	0.4%	—	8,549	—	$8.2M
MRKMerck & Co Inc	0.4%	0.3%	64,144	+20.6%	$8.2M
IMNMImmunome Inc	0.4%	—	383,421	—	$8.1M
CATCaterpillar Inc	0.4%	0.3%	7,613	-12.1%	$8.1M
SOSouthern Co	0.3%	0.5%	82,226	-25.2%	$7.9M
PGProcter & Gamble Co	0.3%	0.3%	51,322	+21.1%	$7.5M
WFCWells Fargo & Co	0.3%	0.3%	85,965	-2.9%	$7.1M
TTWOTake-Two Interactive Softwar	0.3%	0.3%	28,299	-15.9%	$7.1M
CDNSCadence Design System Inc	0.3%	0.3%	18,424	-18.1%	$6.9M
TFCTruist Finl Corp	0.3%	0.3%	133,410	-12.4%	$6.6M
BACBank of Amer Corp	0.3%	—	112,533	—	$6.4M
TAt&t Inc	0.3%	0.4%	307,722	+3.7%	$6.4M

What Alerus Financial Na bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

CVX Chevron Corporation+23.1% shares
PG Procter & Gamble Co+21.1% shares
MRK Merck & Co Inc+20.6% shares
JNJ Johnson & Johnson+19.4% shares
XOM Exxon Mobil Corp+19.0% shares
HD Home Depot Inc+11.2% shares
ABBV Abbvie Inc+8.7% shares

Reduced

HPE Hewlett Packard Enterprise C-26.4% shares
SO Southern Co-25.2% shares
VRT Vertiv Holdings Co-19.4% shares
CDNS Cadence Design System Inc-18.1% shares
TTWO Take-Two Interactive Softwar-15.9% shares
TFC Truist Finl Corp-12.4% shares
ETN Eaton Corp PLC-12.2% shares
CAT Caterpillar Inc-12.1% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +22.0% /yr; S&P 500 +20.1%
3 years: +20.6% /yr; S&P 500 +20.4%
5 years: +9.7% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.3B	506
Q1 2026	$2.0B	510
Q4 2025	$2.0B	508
Q3 2025	$2.0B	533
Q2 2025	$1.4B	510
Q1 2025	$1.2B	160
Q4 2024	$1.3B	157
Q3 2024	$1.4B	157
Q2 2024	$1.3B	156
Q1 2024	$1.3B	161
Q4 2023	$1.2B	150
Q3 2023	$1.1B	152

Questions about Alerus Financial Na's portfolio

What stocks does Alerus Financial Na own?

Alerus Financial Na's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 506 positions worth $2.3B. The largest are Vanguard Index Fds (VOO) at 22.5%, Dimensional ETF Trust (DFAX) at 13.5%, Ishares Tr (IWR) at 4.8%, Ishares Tr (IXUS) at 3.5% and Vanguard Malvern Fds (VCRB) at 3.3%.

What did Alerus Financial Na buy last quarter?

In Q2 2026, Alerus Financial Na added Chevron Corporation (CVX) (+23.1% shares), Procter & Gamble Co (PG) (+21.1% shares) and Merck & Co Inc (MRK) (+20.6% shares), compared with its Q1 2026 filing.

What did Alerus Financial Na sell last quarter?

In Q2 2026, Alerus Financial Na cut from its top 50 Vanguard Scottsdale Fds (VCSH), cut from its top 50 Netflix Inc. (NFLX), cut from its top 50 Cencora Inc (COR), cut from its top 50 Cheniere Energy Inc (LNG), Hewlett Packard Enterprise C (HPE) (-26.4% shares), Southern Co (SO) (-25.2% shares) and Vertiv Holdings Co (VRT) (-19.4% shares), compared with its Q1 2026 filing.

How has Alerus Financial Na's portfolio performed?

A portfolio copying Alerus Financial Na's 20 largest 13F holdings each quarter, from the day each filing was public, returned +20.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +22.0% against +20.1%. Over 5 years: +9.7% a year against +11.6%.

When is Alerus Financial Na's next 13F filing due?

13F filings are due 45 days after each quarter ends. Alerus Financial Na's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.