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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
Huntington National Bank1$220.00%00.0%Unchanged
Sunbelt Securities, Inc.7$1550.00%+7New
SBI Securities Co., Ltd.12$2660.00%+1+9.1%Added
Capital Advisors, Ltd. LLC24$1.00K0.00%00.0%Unchanged
Covestor Ltd45$1.00K0.00%+21+87.5%Added
True Wealth Design, LLC63$1.40K0.00%+38+152.0%Added
Farther Finance Advisors, LLC64$1.42K0.00%+64New
Versant Capital Management, Inc108$2.39K0.00%+47+77.0%Added
Rothschild Investment LLC113$2.50K0.00%+8+7.6%Added
The PNC Financial Services Group, Inc.121$2.68K0.00%00.0%Unchanged
Point72 Asia (Singapore) Pte. Ltd.125$2.77K0.00%+123+6,150.0%Added
Smartleaf Asset Management LLC136$3.00K0.00%+59+76.6%Added
Optiver Holding B.V.182$4.03K0.00%+182New
IFP Advisors, Inc201$4.45K0.00%+28+16.2%Added
Clearstead Advisors, LLC218$4.83K0.00%+160+275.9%Added
Northwestern Mutual Wealth Management Co225$4.98K0.00%+225New
GAMMA Investing LLC262$5.80K0.00%+23+9.6%Added
Hillsdale Investment Management Inc.330$7.31K0.00%+30+10.0%Added
Citigroup Inc361$7.99K0.00%−8,649−96.0%Reduced
Allworth Financial LP406$8.99K0.00%+206+103.0%Added
Nisa Investment Advisors, LLC459$10.3K0.00%+14+3.1%Added
State of Wyoming505$11.2K0.00%−470−48.2%Reduced
Jones Financial Companies LLLP600$13.6K0.00%+600New
EverSource Wealth Advisors, LLC754$16.7K0.00%+181+31.6%Added
Amalgamated Bank775$17.0K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)814$18.0K0.00%−2,557−75.9%Reduced
Cherry Tree Wealth Management, LLC830$18.4K0.00%00.0%Unchanged
State of Alaska, Department of Revenue1,025$22.0K0.00%+1,025New
Larson Financial Group LLC1,000$22.1K0.00%+1,000New
FMR LLC1,298$28.7K0.00%−566−30.4%Reduced
California State Teachers Retirement System1,410$31.2K0.00%−267−15.9%Reduced
GWM Advisors LLC1,448$32.1K0.00%−96−6.2%Reduced
Thompson Investment Management, Inc.1,470$32.5K0.00%00.0%Unchanged
Sterling Capital Management LLC1,622$35.9K0.00%+1,005+162.9%Added
Great West Life Assurance Co1,767$39.0K0.00%−6−0.3%Reduced
Essential Partners LLC1,802$39.9K0.01%+619+52.3%Added
Ameritas Investment Partners, Inc.1,964$43.5K0.00%−385−16.4%Reduced
Legal & General Group Plc2,068$45.8K0.00%00.0%Unchanged
US Bancorp2,130$47.2K0.00%−8−0.4%Reduced
CIBC Private Wealth Group, LLC2,358$52.2K0.00%+2,358New
Advisor Group Holdings, Inc.2,564$57.1K0.00%+18+0.7%Added
Quest Partners LLC2,672$59.2K0.00%+2,672New
Russell Investments Group, Ltd.4,242$93.9K0.00%+3,675+648.1%Added
Horrell Capital Management, Inc.4,440$98.3K0.04%00.0%Unchanged
Royal Bank of Canada5,228$116.0K0.00%−606−10.4%Reduced
Police & Firemen's Retirement System of New Jersey6,759$149.6K0.00%+1,525+29.1%Added
Numerai GP LLC9,249$204.8K0.03%+9,249New
Semanteon Capital Management, LP9,605$212.7K0.27%−634−6.2%Reduced
Bridgeway Capital Management, LLC9,750$215.9K0.00%00.0%Unchanged
Intech Investment Management LLC9,811$217.2K0.00%−2,369−19.4%Reduced
Hanson & Doremus Investment Management9,844$218.0K0.03%00.0%Unchanged
Harbor Advisors LLC9,867$218.5K0.03%00.0%Unchanged
SRS Capital Advisors, Inc.9,917$219.6K0.00%+9,706+4,600.0%Added
Mirae Asset Global ETFs Holdings Ltd.10,920$241.8K0.00%−1,417−11.5%Reduced
Black Maple Capital Management LP10,952$242.5K0.18%−4,020−26.9%Reduced
Mercer Global Advisors Inc11,361$251.5K0.00%+11,361New
Wealth Enhancement Advisory Services, LLC12,088$262.5K0.00%+3,284+37.3%Added
Connor, Clark & Lunn Investment Management Ltd.11,862$262.6K0.00%+11,862New
Price T Rowe Associates Inc12,276$272.0K0.00%+1,560+14.6%Added
BNP Paribas Arbitrage, SA12,611$279.2K0.00%+8,261+189.9%Added
MetLife Investment Management13,109$290.2K0.00%00.0%Unchanged
Aviance Capital Partners, LLC13,111$290.3K0.03%00.0%Unchanged
Arrowstreet Capital, Limited Partnership14,027$310.6K0.00%00.0%Unchanged
Cubist Systematic Strategies, LLC14,949$331.0K0.00%−12,752−46.0%Reduced
Deutsche Bank AG16,649$368.6K0.00%+2,887+21.0%Added
First PREMIER Bank17,036$377.0K0.09%00.0%Unchanged
Wells Fargo & Company19,023$421.2K0.00%+2,569+15.6%Added
Lafayette Investments, Inc.20,100$445.0K0.09%00.0%Unchanged
CWM Advisors, LLC20,623$456.6K0.04%+2,750+15.4%Added
Cetera Investment Advisers21,358$472.9K0.00%−7,362−25.6%Reduced
Jane Street Group, LLC21,872$484.2K0.00%+434+2.0%Added
Creative Planning21,933$485.6K0.00%+21,933New
XTX Topco Ltd23,999$531.3K0.03%+4,489+23.0%Added
UBS Group AG24,189$535.5K0.00%+3,754+18.4%Added
Johnson Wealth Management, LLC28,186$624.0K0.34%+28,186New
New York State Common Retirement Fund28,981$641.6K0.00%+22,530+349.2%Added
Mariner, LLC29,792$659.6K0.00%+3,939+15.2%Added
Ieq Capital, LLC32,044$709.5K0.00%+14,788+85.7%Added
Invesco Ltd.32,091$710.5K0.00%−3,143−8.9%Reduced
HSBC Holdings PLC32,640$712.2K0.00%−936−2.8%Reduced
Rhumbline Advisers33,012$730.9K0.00%+749+2.3%Added
CenterBook Partners LP33,443$740.4K0.04%+33,443New
Millennium Management LLC38,911$861.5K0.00%−20,747−34.8%Reduced
Quantinno Capital Management LP39,394$872.2K0.00%+19,667+99.7%Added
Bank of America Corp40,022$886.1K0.00%+2,025+5.3%Added
Two Sigma Advisers, LP40,100$887.8K0.00%+6,300+18.6%Added
Gsa Capital Partners LLP44,082$976.0K0.08%+21,807+97.9%Added
Federated Hermes, Inc.46,665$1.03M0.00%+204+0.4%Added
Barclays PLC47,490$1.05M0.00%−4,939−9.4%Reduced
Pinnacle Holdings, LLC48,999$1.08M0.38%00.0%Unchanged
Wealth Forward, LLC50,279$1.11M0.65%00.0%Unchanged
Man Group plc51,041$1.13M0.00%+29,633+138.4%Added
Marshall Wace, LLP58,698$1.30M0.00%−13,727−19.0%Reduced
Basswood Capital Management, L.L.C.60,240$1.33M0.06%00.0%Unchanged
Gator Capital Management, LLC64,905$1.44M0.37%+64,905New
Fortress Financial Group, LLC67,296$1.49M1.14%−18,327−21.4%Reduced
CWM, LLC72,007$1.59M0.00%+7,705+12.0%Added
JPMorgan Chase & Co73,019$1.62M0.00%+33,205+83.4%Added
Martingale Asset Management L P76,749$1.70M0.04%+76,749New
First Trust Advisors LP78,685$1.74M0.00%+78,685New