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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, Q2 2025

Institutional positions in Alerus Financial Corp as of Jun 30, 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
126
+15 vs. Q1 2025
Shares held
14.0M
+689.4K (+5.2%) vs. Q1 2025
Total value
$302.6M
+$59.8M (+24.6%) vs. Q1 2025
New holders
25
46 more added
Sold out
10
38 more reduced

2 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 126 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 heldQ2 2025: $302.6M
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, Q2 2025

Shares, value and share of portfolio for each institution holding Alerus Financial Corp; share changes are against Q1 2025.

Institutions holding ALRS in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Alerus Financial NA2,175,784$47.1M3.39%+30,115+1.4%Added
BlackRock, Inc.1,786,508$38.7M0.00%−46,309−2.5%Reduced
Vanguard Group Inc1,252,474$27.1M0.00%+58,210+4.9%Added
Dimensional Fund Advisors LP757,041$16.4M0.00%+72,789+10.6%Added
Geode Capital Management, LLC561,336$12.1M0.00%+23,112+4.3%Added
Endeavour Capital Advisors Inc513,935$11.1M3.83%−13,348−2.5%Reduced
State Street Corp474,608$10.4M0.00%+70,834+17.5%Added
Banc Funds Co LLC398,538$8.62M1.30%−53,103−11.8%Reduced
Ameriprise Financial Inc377,745$8.17M0.00%−1,927−0.5%Reduced
Wellington Management Group LLP345,137$7.47M0.00%+17,958+5.5%Added
RSM US Wealth Management LLC294,542$6.39M0.09%+8,727+3.1%Added
Alliancebernstein L.P.282,081$6.10M0.00%−4,900−1.7%Reduced
Morgan Stanley257,758$5.58M0.00%+175,942+215.0%Added
Grace & White Inc256,233$5.54M1.02%00.0%Unchanged
AQR Capital Management LLC236,720$5.12M0.00%+171,984+265.7%Added
Gendell Jeffrey L233,700$5.06M0.13%−156,094−40.0%Reduced
M3F, Inc.216,708$4.69M1.32%+29,261+15.6%Added
Charles Schwab Investment Management Inc196,135$4.24M0.00%+11,560+6.3%Added
CSM Advisors, LLC190,470$4.12M0.12%+190,470New
Northern Trust Corp185,500$4.01M0.00%−10,425−5.3%Reduced
Cutler Capital Management, LLC156,000$3.38M1.17%−2,972−1.9%Reduced
Gabelli Funds LLC137,821$2.98M0.02%+137,821New
Renaissance Technologies LLC129,975$2.81M0.00%+3,315+2.6%Added
American Century Companies Inc126,564$2.74M0.00%−1,307−1.0%Reduced
Goldman Sachs Group Inc123,093$2.66M0.00%+31,327+34.1%Added
Citadel Advisors LLC116,243$2.52M0.00%+9,284+8.7%Added
Sippican Capital Advisors110,638$2.39M1.74%+9,653+9.6%Added
Bank of New York Mellon Corp108,753$2.35M0.00%+2,672+2.5%Added
Gamco Investors, Inc. Et Al108,160$2.34M0.02%+108,160New
Mairs & Power Inc97,867$2.12M0.02%+203+0.2%Added
Nuveen, LLC97,836$2.12M0.00%−74,705−43.3%Reduced
Los Angeles Capital Management LLC97,749$2.12M0.01%+51,405+110.9%Added
Fortress Financial Group, LLC85,623$1.85M1.57%+276+0.3%Added
Acadian Asset Management LLC73,233$1.58M0.00%00.0%Unchanged
Marshall Wace, LLP72,425$1.57M0.00%+54,418+302.2%Added
CWM, LLC64,302$1.39M0.00%+4,547+7.6%Added
Two Sigma Investments, LP60,567$1.31M0.00%−7,524−11.0%Reduced
Basswood Capital Management, L.L.C.60,240$1.30M0.06%00.0%Unchanged
Millennium Management LLC59,658$1.29M0.00%−49,393−45.3%Reduced
Barclays PLC52,429$1.13M0.00%+15,347+41.4%Added
Wealth Forward, LLC50,279$1.09M0.73%00.0%Unchanged
Pinnacle Holdings, LLC48,999$1.06M0.38%00.0%Unchanged
Federated Hermes, Inc.46,461$1.01M0.00%−536−1.1%Reduced
Qube Research & Technologies Ltd45,743$989.9K0.00%−6,231−12.0%Reduced
JPMorgan Chase & Co39,814$861.6K0.00%−8,141−17.0%Reduced
Bank of America Corp37,997$822.3K0.00%+5,851+18.2%Added
Invesco Ltd.35,234$762.5K0.00%−1,213−3.3%Reduced
HSBC Holdings PLC33,576$734.0K0.00%+586+1.8%Added
Two Sigma Advisers, LP33,800$731.4K0.00%−7,800−18.8%Reduced
LPL Financial LLC33,152$717.4K0.00%+202+0.6%Added
Rhumbline Advisers32,263$698.2K0.00%+1,072+3.4%Added
Susquehanna International Group, LLP29,114$630.0K0.00%−1,173−3.9%Reduced
Cetera Investment Advisers28,720$621.5K0.00%+6,575+29.7%Added
Cubist Systematic Strategies, LLC27,701$599.5K0.01%−9,090−24.7%Reduced
Mariner, LLC25,853$559.5K0.00%+2,275+9.6%Added
Gsa Capital Partners LLP22,275$482.0K0.03%+22,275New
Jane Street Group, LLC21,438$463.9K0.00%−2,460−10.3%Reduced
Man Group plc21,408$463.3K0.00%−19,195−47.3%Reduced
UBS Group AG20,435$442.2K0.00%+3,798+22.8%Added
Lafayette Investments, Inc.20,100$435.0K0.09%00.0%Unchanged
Quantinno Capital Management LP19,727$426.9K0.00%+19,727New
XTX Topco Ltd19,510$422.2K0.02%+19,510New
Petrus Trust Company, LTA19,191$415.3K0.04%−558−2.8%Reduced
CWM Advisors, LLC17,873$386.8K0.04%−706−3.8%Reduced
Squarepoint Ops LLC17,577$380.4K0.00%+17,577New
Ieq Capital, LLC17,256$373.4K0.00%+17,256New
First PREMIER Bank17,036$369.0K0.09%00.0%Unchanged
Wells Fargo & Company16,454$356.1K0.00%+1,128+7.4%Added
Black Maple Capital Management LP14,972$324.0K0.22%+2,137+16.6%Added
Verition Fund Management LLC14,185$307.0K0.00%+14,185New
Arrowstreet Capital, Limited Partnership14,027$303.5K0.00%+14,027New
Deutsche Bank AG13,762$297.8K0.00%−10,519−43.3%Reduced
Aviance Capital Partners, LLC13,111$283.7K0.04%00.0%Unchanged
MetLife Investment Management13,109$283.7K0.00%−156−1.2%Reduced
Mirae Asset Global ETFs Holdings Ltd.12,337$267.0K0.00%−1,083−8.1%Reduced
Intech Investment Management LLC12,180$263.6K0.00%−695−5.4%Reduced
Price T Rowe Associates Inc10,716$232.0K0.00%+10,716New
State of Wisconsin Investment Board10,303$223.0K0.00%+10,303New
Semanteon Capital Management, LP10,239$221.6K0.33%+10,239New
Harbor Advisors LLC9,867$213.5K0.03%+9,867New
Hanson & Doremus Investment Management9,844$213.0K0.03%−5,696−36.7%Reduced
Bridgeway Capital Management, LLC9,750$211.0K0.01%−9,314−48.9%Reduced
Wealth Enhancement Advisory Services, LLC8,804$201.1K0.00%+8,804New
Citigroup Inc9,010$195.0K0.00%−7,994−47.0%Reduced
New York State Common Retirement Fund6,451$139.6K0.00%00.0%Unchanged
Royal Bank of Canada5,834$127.0K0.00%−3,969−40.5%Reduced
Police & Firemen's Retirement System of New Jersey5,234$113.3K0.00%00.0%Unchanged
Horrell Capital Management, Inc.4,440$96.1K0.04%00.0%Unchanged
BNP Paribas Arbitrage, SA4,350$94.1K0.00%+3,139+259.2%Added
Tower Research Capital LLC (TRC)3,371$72.9K0.00%+2,135+172.7%Added
Advisor Group Holdings, Inc.2,546$55.1K0.00%+22+0.9%Added
Ameritas Investment Partners, Inc.2,349$50.8K0.00%00.0%Unchanged
US Bancorp2,138$46.3K0.00%−102−4.6%Reduced
Legal & General Group Plc2,068$44.8K0.00%+43+2.1%Added
Aquatic Capital Management LLC1,956$42.3K0.00%−2,741−58.4%Reduced
FMR LLC1,864$40.3K0.00%+552+42.1%Added
Great West Life Assurance Co1,773$38.0K0.00%+285+19.2%Added
California State Teachers Retirement System1,677$36.3K0.00%00.0%Unchanged
GWM Advisors LLC1,544$33.4K0.00%+732+90.1%Added
Thompson Investment Management, Inc.1,470$31.8K0.00%+1,470New