13F Insight
DOSSIER · 13F-HR · Q2 2026

ALERUS FINANCIAL NA

$2.3B in tracked AUM across 511 positions as of Q2 2026.

AF
CIK 0000919458 · last filed Jun 30, 2026
Total AUM
$2.3B
as of Q2 2026
Holdings
511
—
positions
Whale Score
64
64
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of SEC 13F Filing: ALERUS FINANCIAL NA
1. Portfolio Overview

ALERUS FINANCIAL NA reported a significant expansion in its managed assets during the quarter ending September 30, 2025. The total portfolio value surged by 41.6%, rising from $1.39 billion to $1.97 billion. This substantial growth indicates a strong influx of new client capital, market appreciation, or a combination of both. The portfolio consists of 539 holdings, suggesting a high degree of diversificatio...

The firm manages assets with a blend of passive replication and active selection. The dominance of large-cap ETFs in the top holdings suggests a focus on beta generation for the core portfolio, while the individual equity selections—particularly in technology and financials—indicate an attempt to generate alpha or satisfy specific sector tilts.

2. Key Holdings

The portfolio is heavily anchored by two primary exchange-traded funds (ETFs), which together constitute over 36% of the total assets.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
VOO
VANGUARD INDEX FDS
$515M750K22.5%02
DFAX
DIMENSIONAL ETF TRUST
$308M8.4M13.5%03
IWR
ISHARES TR
$109M985K4.8%04
IXUS
ISHARES TR
$81M845K3.5%05
VCRB
VANGUARD MALVERN FDS
$74M962K3.2%06
NVDA
NVIDIA CORPORATION
$67M334K2.9%07
ALRS
ALERUS FINL CORP
$66M2.1M2.9%08
AAPL
APPLE INC
$54M188K2.4%09
AVGO
BROADCOM INC
$42M110K1.8%10
GOOGL
ALPHABET INC
$41M114K1.8%

Filing history

2026Q2Jun 30
$2.3B▲ 13.2%
511 positionsView →2026Q1Mar 31
$2.0B▼ 1.2%
515 positionsView →2025Q4Dec 31
$2.0B▲ 4.0%
513 positionsView →2025Q3Sep 30
$2.0B▲ 41.6%
539 positionsView →2025Q2Jun 30
$1.4B▲ 11.2%
511 positionsLocked2025Q1Mar 31
$1.2B▼ 4.4%
161 positionsLocked2024Q4Dec 31
$1.3B▼ 4.2%
158 positionsLocked2024Q3Sep 30
$1.4B▲ 1.8%
158 positionsLocked2024Q2Jun 30
$1.3B▲ 1.0%
157 positionsLocked2024Q1Mar 31
$1.3B▲ 8.1%
162 positionsLocked2023Q4Dec 31
$1.2B▲ 8.5%
152 positionsLocked2023Q3Sep 30
$1.1B▼ 4.4%
153 positionsLocked
Showing 12 of 48