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Alerus Financial Corp

ALRS
Exchange
Nasdaq
Industry
National Commercial Banks
SEC CIK
0000903419

In the last 90 days, Alerus Financial Corp insiders filed 1 open-market purchase and 1 sale; 161 institutions reported holding it in 13F filings for Q2 2026, worth $503.9M in total; no superinvestor holds it.

13F holders, Q1 2025

Institutional positions in Alerus Financial Corp as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
113
+3 vs. Q4 2024
Shares held
13.7M
+454.0K (+3.4%) vs. Q4 2024
Total value
$250.6M
−$4.60M (−1.8%) vs. Q4 2024
New holders
17
40 more added
Sold out
14
34 more reduced

1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting ALRS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 113 institutions
Q1 2021: 61 institutionsQ2 2021: 60 institutionsQ3 2021: 58 institutionsQ4 2021: 70 institutionsQ1 2022: 74 institutionsQ2 2022: 68 institutionsQ3 2022: 78 institutionsQ4 2022: 78 institutionsQ1 2023: 68 institutionsQ2 2023: 68 institutionsQ3 2023: 71 institutionsQ4 2023: 79 institutionsQ1 2024: 88 institutionsQ2 2024: 94 institutionsQ3 2024: 102 institutionsQ4 2024: 111 institutionsQ1 2025: 113 institutionsQ2 2025: 126 institutionsQ3 2025: 136 institutionsQ4 2025: 142 institutionsQ1 2026: 149 institutionsQ2 2026: 161 institutions
Value heldQ1 2025: $250.6M
Q1 2021: $191.3MQ2 2021: $184.9MQ3 2021: $190.2MQ4 2021: $201.1MQ1 2022: $197.1MQ2 2022: $166.2MQ3 2022: $184.6MQ4 2022: $199.4MQ1 2023: $136.0MQ2 2023: $158.4MQ3 2023: $159.1MQ4 2023: $203.7MQ1 2024: $204.9MQ2 2024: $186.7MQ3 2024: $227.6MQ4 2024: $256.1MQ1 2025: $250.6MQ2 2025: $302.6MQ3 2025: $327.5MQ4 2025: $346.7MQ1 2026: $375.3MQ2 2026: $503.9M
Institutions holding ALRS and their total value by quarter
QuarterHoldersValue
Q2 2026161$503.9M
Q1 2026149$375.3M
Q4 2025142$346.7M
Q3 2025136$327.5M
Q2 2025126$302.6M
Q1 2025113$250.6M
Q4 2024111$256.1M
Q3 2024102$227.6M
Q2 202494$186.7M
Q1 202488$204.9M
Q4 202379$203.7M
Q3 202371$159.1M
Q2 202368$158.4M
Q1 202368$136.0M
Q4 202278$199.4M
Q3 202278$184.6M
Q2 202268$166.2M
Q1 202274$197.1M
Q4 202170$201.1M
Q3 202158$190.2M
Q2 202160$184.9M
Q1 202161$191.3M

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Alerus Financial Corp; share changes are against Q4 2024.

Institutions holding ALRS in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Alerus Financial NA2,145,669$39.6M3.17%+15,031+0.7%Added
BlackRock, Inc.1,832,817$33.8M0.00%−10,414−0.6%Reduced
Vanguard Group Inc1,194,264$22.0M0.00%+139,435+13.2%Added
Dimensional Fund Advisors LP684,252$12.6M0.00%+17,693+2.7%Added
Geode Capital Management, LLC538,224$9.94M0.00%+14,029+2.7%Added
Endeavour Capital Advisors Inc527,283$9.73M3.61%00.0%Unchanged
Banc Funds Co LLC451,641$8.34M1.10%−58,658−11.5%Reduced
State Street Corp403,774$7.53M0.00%+11,789+3.0%Added
Gendell Jeffrey L389,794$7.20M0.31%−14,677−3.6%Reduced
Ameriprise Financial Inc379,672$7.01M0.00%+12,499+3.4%Added
Wellington Management Group LLP327,179$6.04M0.00%+327,179New
RSM US Wealth Management LLC285,815$5.33M0.08%+151,045+112.1%Added
Alliancebernstein L.P.286,981$5.30M0.00%−950−0.3%Reduced
Grace & White Inc256,233$4.73M0.90%00.0%Unchanged
rhino investment partners, Inc243,495$4.49M1.11%−60,501−19.9%Reduced
Keeley-Teton Advisors, LLC227,455$4.20M0.51%+58,036+34.3%Added
Foundry Partners, LLC196,400$3.63M0.19%−1,170−0.6%Reduced
Northern Trust Corp195,925$3.62M0.00%−5,366−2.7%Reduced
M3F, Inc.187,447$3.46M0.95%+7,884+4.4%Added
Charles Schwab Investment Management Inc184,575$3.41M0.00%−4,392−2.3%Reduced
Cutler Capital Management, LLC158,972$2.93M1.02%00.0%Unchanged
American Century Companies Inc127,871$2.36M0.00%−19,275−13.1%Reduced
Renaissance Technologies LLC126,660$2.34M0.00%+21,781+20.8%Added
Millennium Management LLC109,051$2.01M0.00%+52,672+93.4%Added
Citadel Advisors LLC106,959$1.97M0.00%+5,048+5.0%Added
Bank of New York Mellon Corp106,081$1.96M0.00%−3,042−2.8%Reduced
Sippican Capital Advisors100,985$1.86M1.41%+15,780+18.5%Added
Mairs & Power Inc97,664$1.80M0.02%−100.0%Reduced
Goldman Sachs Group Inc91,766$1.69M0.00%−28,491−23.7%Reduced
Fortress Financial Group, LLC85,347$1.58M1.57%+228+0.3%Added
Morgan Stanley81,816$1.51M0.00%−13,345−14.0%Reduced
Acadian Asset Management LLC73,233$1.35M0.00%+21,331+41.1%Added
Two Sigma Investments, LP68,091$1.26M0.00%+903+1.3%Added
AQR Capital Management LLC64,736$1.20M0.00%+64,736New
Basswood Capital Management, L.L.C.60,240$1.11M0.06%00.0%Unchanged
CWM, LLC59,755$1.10M0.00%+584+1.0%Added
Qube Research & Technologies Ltd51,974$959.4K0.00%−5,232−9.1%Reduced
Wealth Forward, LLC50,279$928.1K0.66%00.0%Unchanged
Pinnacle Holdings, LLC48,999$904.5K0.34%00.0%Unchanged
JPMorgan Chase & Co47,955$885.2K0.00%−34,239−41.7%Reduced
Federated Hermes, Inc.46,997$867.6K0.00%−582−1.2%Reduced
Los Angeles Capital Management LLC46,344$855.5K0.00%−6,320−12.0%Reduced
Two Sigma Advisers, LP41,600$767.9K0.00%+100+0.2%Added
Man Group plc40,603$749.5K0.00%+40,603New
Barclays PLC37,082$684.5K0.00%−10,919−22.7%Reduced
Cubist Systematic Strategies, LLC36,791$679.2K0.01%+13,907+60.8%Added
Invesco Ltd.36,447$672.8K0.00%+3,232+9.7%Added
LPL Financial LLC32,950$608.3K0.00%+532+1.6%Added
HSBC Holdings PLC32,990$607.0K0.00%+2,730+9.0%Added
Bank of America Corp32,146$593.4K0.00%+1,642+5.4%Added
Rhumbline Advisers31,191$575.8K0.00%+48+0.2%Added
Susquehanna International Group, LLP30,287$559.1K0.00%+17,879+144.1%Added
Nuveen, LLC172,541$528.4K0.00%+172,541New
Deutsche Bank AG24,281$448.2K0.00%00.0%Unchanged
Jane Street Group, LLC23,898$441.2K0.00%+23,898New
Mariner, LLC23,578$435.3K0.00%−652−2.7%Reduced
Cetera Investment Advisers22,145$408.8K0.00%+11,200+102.3%Added
Lafayette Investments, Inc.20,100$371.0K0.08%00.0%Unchanged
Petrus Trust Company, LTA19,749$364.6K0.03%+4,633+30.6%Added
Bridgeway Capital Management, LLC19,064$351.9K0.01%−116,410−85.9%Reduced
CWM Advisors, LLC18,579$343.0K0.04%−2,368−11.3%Reduced
Marshall Wace, LLP18,007$332.4K0.00%+18,007New
First PREMIER Bank17,036$314.0K0.08%00.0%Unchanged
Citigroup Inc17,004$313.9K0.00%−1,588−8.5%Reduced
UBS Group AG16,637$307.1K0.00%+3,530+26.9%Added
Hanson & Doremus Investment Management15,540$287.0K0.04%+15,540New
Wells Fargo & Company15,326$282.9K0.00%+294+2.0%Added
Mirae Asset Global ETFs Holdings Ltd.13,420$247.7K0.00%+546+4.2%Added
MetLife Investment Management13,265$244.9K0.00%−10−0.1%Reduced
Aviance Capital Partners, LLC13,111$242.0K0.03%+13,111New
Intech Investment Management LLC12,875$237.7K0.00%+12,875New
Black Maple Capital Management LP12,835$236.9K0.19%+1,207+10.4%Added
Polymer Capital Management (US) LLC12,719$234.8K0.07%+12,719New
Numerai GP LLC12,589$232.4K0.04%+12,589New
Corebridge Financial, Inc.11,001$203.1K0.00%−163−1.5%Reduced
Royal Bank of Canada9,803$181.0K0.00%+2,170+28.4%Added
SG Americas Securities, LLC7,088$131.0K0.00%−1,724−19.6%Reduced
New York State Common Retirement Fund6,451$119.1K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey5,234$96.6K0.00%00.0%Unchanged
Aquatic Capital Management LLC4,697$86.7K0.00%−3,557−43.1%Reduced
Horrell Capital Management, Inc.4,440$82.0K0.03%00.0%Unchanged
State of Wyoming2,665$49.2K0.01%+2,665New
Advisor Group Holdings, Inc.2,524$46.6K0.00%+168+7.1%Added
Ameritas Investment Partners, Inc.2,349$43.4K0.00%00.0%Unchanged
US Bancorp2,240$41.4K0.00%00.0%Unchanged
Legal & General Group Plc2,025$37.4K0.00%00.0%Unchanged
California State Teachers Retirement System1,677$31.0K0.00%00.0%Unchanged
Great West Life Assurance Co1,488$27.0K0.00%+189+14.5%Added
FMR LLC1,312$24.2K0.00%−180−12.1%Reduced
Tower Research Capital LLC (TRC)1,236$22.8K0.00%−41−3.2%Reduced
BNP Paribas Arbitrage, SA1,211$22.4K0.00%−1,688−58.2%Reduced
The PNC Financial Services Group, Inc.1,010$18.6K0.00%00.0%Unchanged
Cherry Tree Wealth Management, LLC830$15.3K0.00%00.0%Unchanged
GWM Advisors LLC812$15.0K0.00%+405+99.5%Added
Amalgamated Bank775$14.0K0.00%+146+23.2%Added
Russell Investments Group, Ltd.548$10.1K0.00%−104−16.0%Reduced
Sterling Capital Management LLC368$6.79K0.00%−313−46.0%Reduced
Coldstream Capital Management Inc333$6.15K0.00%+333New
Smartleaf Asset Management LLC125$2.29K0.00%−170−57.6%Reduced
Quadrant Capital Group LLC111$2.05K0.00%+111New