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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, Q3 2025

Institutional positions in Alerus Financial Corp as of Sep 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
136
+10 vs. Q2 2025
Shares held
14.8M
+810.6K (+5.8%) vs. Q2 2025
Total value
$327.5M
+$24.9M (+8.2%) vs. Q2 2025
New holders
19
60 more added
Sold out
9
34 more reduced

Compare with Q2 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 holdersQ3 2025: 136 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 heldQ3 2025: $327.5M
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, Q3 2025

Shares, value and share of portfolio for each institution holding Alerus Financial Corp; share changes are against Q2 2025.

Institutions holding ALRS in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Alerus Financial NA2,315,436$51.3M2.61%+139,652+6.4%Added
BlackRock, Inc.1,789,692$39.6M0.00%+3,184+0.2%Added
Vanguard Group Inc1,269,253$28.1M0.00%+16,779+1.3%Added
Dimensional Fund Advisors LP796,693$17.6M0.00%+39,652+5.2%Added
Geode Capital Management, LLC579,989$12.8M0.00%+18,653+3.3%Added
Endeavour Capital Advisors Inc513,935$11.4M3.44%00.0%Unchanged
State Street Corp471,746$10.5M0.00%−2,862−0.6%Reduced
Ameriprise Financial Inc375,845$8.32M0.00%−1,900−0.5%Reduced
AQR Capital Management LLC340,242$7.53M0.00%+103,522+43.7%Added
Morgan Stanley308,256$6.82M0.00%+50,498+19.6%Added
RSM US Wealth Management LLC294,668$6.53M0.09%+1260.0%Added
Banc Funds Co LLC282,453$6.25M1.09%−116,085−29.1%Reduced
Alliancebernstein L.P.274,081$6.07M0.00%−8,000−2.8%Reduced
M3F, Inc.262,403$5.81M1.65%+45,695+21.1%Added
Grace & White Inc256,233$5.67M1.00%00.0%Unchanged
Gendell Jeffrey L233,700$5.17M0.10%00.0%Unchanged
Wellington Management Group LLP226,007$5.00M0.00%−119,130−34.5%Reduced
Goldman Sachs Group Inc217,461$4.81M0.00%+94,368+76.7%Added
Charles Schwab Investment Management Inc211,369$4.68M0.00%+15,234+7.8%Added
Northern Trust Corp199,434$4.42M0.00%+13,934+7.5%Added
CSM Advisors, LLC184,480$4.08M0.11%−5,990−3.1%Reduced
Phocas Financial Corp.165,370$3.66M0.47%+165,370New
Cutler Capital Management, LLC148,000$3.28M1.05%−8,000−5.1%Reduced
Gabelli Funds LLC137,821$3.05M0.02%00.0%Unchanged
American Century Companies Inc125,498$2.78M0.00%−1,066−0.8%Reduced
Nuveen, LLC124,806$2.76M0.00%+26,970+27.6%Added
Sippican Capital Advisors111,866$2.48M1.64%+1,228+1.1%Added
Bank of New York Mellon Corp111,642$2.47M0.00%+2,889+2.7%Added
Qube Research & Technologies Ltd110,168$2.44M0.00%+64,425+140.8%Added
Los Angeles Capital Management LLC95,436$2.11M0.01%−2,313−2.4%Reduced
Gamco Investors, Inc. Et Al95,417$2.11M0.02%−12,743−11.8%Reduced
Two Sigma Investments, LP94,331$2.09M0.00%+33,764+55.7%Added
Acadian Asset Management LLC90,696$2.01M0.00%+17,463+23.8%Added
Renaissance Technologies LLC89,079$1.97M0.00%−40,896−31.5%Reduced
Mairs & Power Inc86,823$1.92M0.02%−11,044−11.3%Reduced
Squarepoint Ops LLC79,823$1.77M0.00%+62,246+354.1%Added
First Trust Advisors LP78,685$1.74M0.00%+78,685New
Martingale Asset Management L P76,749$1.70M0.04%+76,749New
JPMorgan Chase & Co73,019$1.62M0.00%+33,205+83.4%Added
CWM, LLC72,007$1.59M0.00%+7,705+12.0%Added
Fortress Financial Group, LLC67,296$1.49M1.14%−18,327−21.4%Reduced
Gator Capital Management, LLC64,905$1.44M0.37%+64,905New
Basswood Capital Management, L.L.C.60,240$1.33M0.06%00.0%Unchanged
Marshall Wace, LLP58,698$1.30M0.00%−13,727−19.0%Reduced
Man Group plc51,041$1.13M0.00%+29,633+138.4%Added
Wealth Forward, LLC50,279$1.11M0.65%00.0%Unchanged
Pinnacle Holdings, LLC48,999$1.08M0.38%00.0%Unchanged
Barclays PLC47,490$1.05M0.00%−4,939−9.4%Reduced
Federated Hermes, Inc.46,665$1.03M0.00%+204+0.4%Added
Gsa Capital Partners LLP44,082$976.0K0.08%+21,807+97.9%Added
Two Sigma Advisers, LP40,100$887.8K0.00%+6,300+18.6%Added
Bank of America Corp40,022$886.1K0.00%+2,025+5.3%Added
Quantinno Capital Management LP39,394$872.2K0.00%+19,667+99.7%Added
Millennium Management LLC38,911$861.5K0.00%−20,747−34.8%Reduced
CenterBook Partners LP33,443$740.4K0.04%+33,443New
Rhumbline Advisers33,012$730.9K0.00%+749+2.3%Added
HSBC Holdings PLC32,640$712.2K0.00%−936−2.8%Reduced
Invesco Ltd.32,091$710.5K0.00%−3,143−8.9%Reduced
Ieq Capital, LLC32,044$709.5K0.00%+14,788+85.7%Added
Mariner, LLC29,792$659.6K0.00%+3,939+15.2%Added
New York State Common Retirement Fund28,981$641.6K0.00%+22,530+349.2%Added
Johnson Wealth Management, LLC28,186$624.0K0.34%+28,186New
UBS Group AG24,189$535.5K0.00%+3,754+18.4%Added
XTX Topco Ltd23,999$531.3K0.03%+4,489+23.0%Added
Creative Planning21,933$485.6K0.00%+21,933New
Jane Street Group, LLC21,872$484.2K0.00%+434+2.0%Added
Cetera Investment Advisers21,358$472.9K0.00%−7,362−25.6%Reduced
CWM Advisors, LLC20,623$456.6K0.04%+2,750+15.4%Added
Lafayette Investments, Inc.20,100$445.0K0.09%00.0%Unchanged
Wells Fargo & Company19,023$421.2K0.00%+2,569+15.6%Added
First PREMIER Bank17,036$377.0K0.09%00.0%Unchanged
Deutsche Bank AG16,649$368.6K0.00%+2,887+21.0%Added
Cubist Systematic Strategies, LLC14,949$331.0K0.00%−12,752−46.0%Reduced
Arrowstreet Capital, Limited Partnership14,027$310.6K0.00%00.0%Unchanged
Aviance Capital Partners, LLC13,111$290.3K0.03%00.0%Unchanged
MetLife Investment Management13,109$290.2K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA12,611$279.2K0.00%+8,261+189.9%Added
Price T Rowe Associates Inc12,276$272.0K0.00%+1,560+14.6%Added
Connor, Clark & Lunn Investment Management Ltd.11,862$262.6K0.00%+11,862New
Wealth Enhancement Advisory Services, LLC12,088$262.5K0.00%+3,284+37.3%Added
Mercer Global Advisors Inc11,361$251.5K0.00%+11,361New
Black Maple Capital Management LP10,952$242.5K0.18%−4,020−26.9%Reduced
Mirae Asset Global ETFs Holdings Ltd.10,920$241.8K0.00%−1,417−11.5%Reduced
SRS Capital Advisors, Inc.9,917$219.6K0.00%+9,706+4,600.0%Added
Harbor Advisors LLC9,867$218.5K0.03%00.0%Unchanged
Hanson & Doremus Investment Management9,844$218.0K0.03%00.0%Unchanged
Intech Investment Management LLC9,811$217.2K0.00%−2,369−19.4%Reduced
Bridgeway Capital Management, LLC9,750$215.9K0.00%00.0%Unchanged
Semanteon Capital Management, LP9,605$212.7K0.27%−634−6.2%Reduced
Numerai GP LLC9,249$204.8K0.03%+9,249New
Police & Firemen's Retirement System of New Jersey6,759$149.6K0.00%+1,525+29.1%Added
Royal Bank of Canada5,228$116.0K0.00%−606−10.4%Reduced
Horrell Capital Management, Inc.4,440$98.3K0.04%00.0%Unchanged
Russell Investments Group, Ltd.4,242$93.9K0.00%+3,675+648.1%Added
Quest Partners LLC2,672$59.2K0.00%+2,672New
Advisor Group Holdings, Inc.2,564$57.1K0.00%+18+0.7%Added
CIBC Private Wealth Group, LLC2,358$52.2K0.00%+2,358New
US Bancorp2,130$47.2K0.00%−8−0.4%Reduced
Legal & General Group Plc2,068$45.8K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.1,964$43.5K0.00%−385−16.4%Reduced