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, Q4 2025
Institutional positions in Alerus Financial Corp as of Dec 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
- 142
- +8 vs. Q3 2025
- Shares held
- 15.4M
- +630.6K (+4.3%) vs. Q3 2025
- Total value
- $346.7M
- +$19.6M (+6.0%) vs. Q3 2025
- New holders
- 16
- 70 more added
- Sold out
- 8
- 31 more reduced
2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 161 | $503.9M |
| Q1 2026 | 149 | $375.3M |
| Q4 2025 | 142 | $346.7M |
| Q3 2025 | 136 | $327.5M |
| Q2 2025 | 126 | $302.6M |
| Q1 2025 | 113 | $250.6M |
| Q4 2024 | 111 | $256.1M |
| Q3 2024 | 102 | $227.6M |
| Q2 2024 | 94 | $186.7M |
| Q1 2024 | 88 | $204.9M |
| Q4 2023 | 79 | $203.7M |
| Q3 2023 | 71 | $159.1M |
| Q2 2023 | 68 | $158.4M |
| Q1 2023 | 68 | $136.0M |
| Q4 2022 | 78 | $199.4M |
| Q3 2022 | 78 | $184.6M |
| Q2 2022 | 68 | $166.2M |
| Q1 2022 | 74 | $197.1M |
| Q4 2021 | 70 | $201.1M |
| Q3 2021 | 58 | $190.2M |
| Q2 2021 | 60 | $184.9M |
| Q1 2021 | 61 | $191.3M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Alerus Financial Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Alerus Financial NA | 2,289,199 | $51.6M | 2.52% | −26,237−1.1% | Reduced |
| BlackRock, Inc. | 1,801,441 | $40.6M | 0.00% | +11,749+0.7% | Added |
| Vanguard Group Inc | 1,289,690 | $29.0M | 0.00% | +20,437+1.6% | Added |
| Dimensional Fund Advisors LP | 830,052 | $18.7M | 0.00% | +33,359+4.2% | Added |
| Geode Capital Management, LLC | 603,392 | $13.6M | 0.00% | +23,403+4.0% | Added |
| Endeavour Capital Advisors Inc | 516,532 | $11.6M | 3.24% | +2,597+0.5% | Added |
| State Street Corp | 476,030 | $10.8M | 0.00% | +4,284+0.9% | Added |
| M3F, Inc. | 411,163 | $9.26M | 2.54% | +148,760+56.7% | Added |
| Ameriprise Financial Inc | 379,540 | $8.55M | 0.00% | +3,695+1.0% | Added |
| Phocas Financial Corp. | 334,357 | $7.53M | 0.98% | +168,987+102.2% | Added |
| AQR Capital Management LLC | 323,080 | $7.28M | 0.00% | −17,162−5.0% | Reduced |
| Morgan Stanley | 304,602 | $6.86M | 0.00% | −3,654−1.2% | Reduced |
| Goldman Sachs Group Inc | 298,060 | $6.71M | 0.00% | +80,599+37.1% | Added |
| RSM US Wealth Management LLC | 294,571 | $6.56M | 0.08% | −970.0% | Reduced |
| Grace & White Inc | 256,233 | $5.77M | 1.03% | 00.0% | Unchanged |
| Wellington Management Group LLP | 245,497 | $5.53M | 0.00% | +19,490+8.6% | Added |
| Alliancebernstein L.P. | 243,581 | $5.49M | 0.00% | −30,500−11.1% | Reduced |
| Gendell Jeffrey L | 233,700 | $5.26M | 0.09% | 00.0% | Unchanged |
| Banc Funds Co LLC | 214,967 | $4.84M | 0.96% | −67,486−23.9% | Reduced |
| Charles Schwab Investment Management Inc | 207,200 | $4.67M | 0.00% | −4,169−2.0% | Reduced |
| CSM Advisors, LLC | 201,940 | $4.55M | 0.12% | +17,460+9.5% | Added |
| American Century Companies Inc | 182,533 | $4.11M | 0.00% | +57,035+45.4% | Added |
| Northern Trust Corp | 181,935 | $4.10M | 0.00% | −17,499−8.8% | Reduced |
| Qube Research & Technologies Ltd | 140,579 | $3.17M | 0.00% | +30,411+27.6% | Added |
| Cutler Capital Management, LLC | 138,000 | $3.11M | 0.93% | −10,000−6.8% | Reduced |
| Gabelli Funds LLC | 137,821 | $3.10M | 0.02% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 119,042 | $2.68M | 0.00% | +7,400+6.6% | Added |
| Renaissance Technologies LLC | 119,012 | $2.68M | 0.00% | +29,933+33.6% | Added |
| Two Sigma Investments, LP | 117,914 | $2.66M | 0.00% | +23,583+25.0% | Added |
| Sippican Capital Advisors | 113,841 | $2.56M | 1.65% | +1,975+1.8% | Added |
| Los Angeles Capital Management LLC | 103,334 | $2.19M | 0.01% | +7,898+8.3% | Added |
| Acadian Asset Management LLC | 90,806 | $2.04M | 0.00% | +110+0.1% | Added |
| Marshall Wace, LLP | 87,178 | $1.96M | 0.00% | +28,480+48.5% | Added |
| Gamco Investors, Inc. Et Al | 85,093 | $1.92M | 0.02% | −10,324−10.8% | Reduced |
| Martingale Asset Management L P | 80,750 | $1.82M | 0.05% | +4,001+5.2% | Added |
| First Trust Advisors LP | 80,705 | $1.82M | 0.00% | +2,020+2.6% | Added |
| Mairs & Power Inc | 79,436 | $1.79M | 0.02% | −7,387−8.5% | Reduced |
| JPMorgan Chase & Co | 75,773 | $1.71M | 0.00% | +2,754+3.8% | Added |
| CWM, LLC | 73,596 | $1.66M | 0.00% | +1,589+2.2% | Added |
| Fortress Financial Group, LLC | 67,339 | $1.52M | 1.12% | +43+0.1% | Added |
| FJ Capital Management LLC | 67,134 | $1.51M | 0.17% | +67,134 | New |
| Gator Capital Management, LLC | 65,410 | $1.47M | 0.30% | +505+0.8% | Added |
| Man Group plc | 64,111 | $1.44M | 0.00% | +13,070+25.6% | Added |
| Basswood Capital Management, L.L.C. | 60,240 | $1.36M | 0.06% | 00.0% | Unchanged |
| Quantinno Capital Management LP | 57,498 | $1.29M | 0.00% | +18,104+46.0% | Added |
| New York State Common Retirement Fund | 52,214 | $1.18M | 0.00% | +23,233+80.2% | Added |
| Barclays PLC | 51,283 | $1.15M | 0.00% | +3,793+8.0% | Added |
| Wealth Forward, LLC | 50,279 | $1.13M | 0.64% | 00.0% | Unchanged |
| Gsa Capital Partners LLP | 49,079 | $1.10M | 0.10% | +4,997+11.3% | Added |
| Pinnacle Holdings, LLC | 48,999 | $1.10M | 0.37% | 00.0% | Unchanged |
| Bank of America Corp | 48,918 | $1.10M | 0.00% | +8,896+22.2% | Added |
| Federated Hermes, Inc. | 46,984 | $1.06M | 0.00% | +319+0.7% | Added |
| HSBC Holdings PLC | 46,666 | $1.04M | 0.00% | +14,026+43.0% | Added |
| Millennium Management LLC | 39,249 | $883.9K | 0.00% | +338+0.9% | Added |
| Nuveen, LLC | 39,202 | $882.8K | 0.00% | −85,604−68.6% | Reduced |
| Cetera Investment Advisers | 34,690 | $781.2K | 0.00% | +13,332+62.4% | Added |
| Ieq Capital, LLC | 33,585 | $756.3K | 0.00% | +1,541+4.8% | Added |
| Mariner, LLC | 32,715 | $736.5K | 0.00% | +2,923+9.8% | Added |
| Two Sigma Advisers, LP | 31,000 | $698.1K | 0.00% | −9,100−22.7% | Reduced |
| Jane Street Group, LLC | 30,882 | $695.5K | 0.00% | +9,010+41.2% | Added |
| Rhumbline Advisers | 29,953 | $674.5K | 0.00% | −3,059−9.3% | Reduced |
| Invesco Ltd. | 29,666 | $668.1K | 0.00% | −2,425−7.6% | Reduced |
| Johnson Wealth Management, LLC | 28,186 | $634.8K | 0.32% | 00.0% | Unchanged |
| Creative Planning | 27,493 | $619.1K | 0.00% | +5,560+25.3% | Added |
| Wells Fargo & Company | 26,857 | $604.8K | 0.00% | +7,834+41.2% | Added |
| Black Maple Capital Management LP | 24,576 | $553.5K | 0.41% | +13,624+124.4% | Added |
| Squarepoint Ops LLC | 23,255 | $523.7K | 0.00% | −56,568−70.9% | Reduced |
| Citadel Advisors LLC | 22,388 | $504.2K | 0.00% | +22,388 | New |
| Lafayette Investments, Inc. | 21,900 | $493.2K | 0.09% | +1,800+9.0% | Added |
| BNP Paribas Arbitrage, SA | 21,900 | $493.2K | 0.00% | +9,289+73.7% | Added |
| XTX Topco Ltd | 21,855 | $492.2K | 0.01% | −2,144−8.9% | Reduced |
| CWM Advisors, LLC | 20,878 | $470.2K | 0.04% | +255+1.2% | Added |
| Trexquant Investment LP | 20,745 | $467.2K | 0.00% | +20,745 | New |
| Canada Pension Plan Investment Board | 18,800 | $423.4K | 0.00% | +18,800 | New |
| UBS Group AG | 17,092 | $384.9K | 0.00% | −7,097−29.3% | Reduced |
| First PREMIER Bank | 17,036 | $384.0K | 0.09% | 00.0% | Unchanged |
| Deutsche Bank AG | 16,649 | $374.9K | 0.00% | 00.0% | Unchanged |
| Bridgeway Capital Management, LLC | 15,940 | $359.0K | 0.01% | +6,190+63.5% | Added |
| Mercer Global Advisors Inc | 15,363 | $346.0K | 0.00% | +4,002+35.2% | Added |
| State of Wisconsin Investment Board | 15,077 | $339.5K | 0.00% | +15,077 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 14,730 | $331.7K | 0.00% | +2,868+24.2% | Added |
| Price T Rowe Associates Inc | 13,594 | $307.0K | 0.00% | +1,318+10.7% | Added |
| Wealth Enhancement Advisory Services, LLC | 12,696 | $296.7K | 0.00% | +608+5.0% | Added |
| Aviance Capital Partners, LLC | 13,111 | $295.3K | 0.03% | 00.0% | Unchanged |
| MetLife Investment Management | 13,109 | $295.2K | 0.00% | 00.0% | Unchanged |
| Panagora Asset Management Inc | 12,353 | $278.2K | 0.00% | +12,353 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 10,905 | $245.6K | 0.00% | −15−0.1% | Reduced |
| Citigroup Inc | 10,607 | $238.9K | 0.00% | +10,246+2,838.2% | Added |
| Harbor Advisors LLC | 9,867 | $222.2K | 0.03% | 00.0% | Unchanged |
| Hanson & Doremus Investment Management | 9,844 | $222.0K | 0.03% | 00.0% | Unchanged |
| Numerai GP LLC | 9,195 | $207.1K | 0.02% | −54−0.6% | Reduced |
| FMR LLC | 7,807 | $175.8K | 0.00% | +6,509+501.5% | Added |
| Police & Firemen's Retirement System of New Jersey | 6,759 | $152.2K | 0.00% | 00.0% | Unchanged |
| Quest Partners LLC | 4,816 | $108.5K | 0.01% | +2,144+80.2% | Added |
| Horrell Capital Management, Inc. | 4,440 | $100.0K | 0.04% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 3,174 | $71.5K | 0.00% | −1,068−25.2% | Reduced |
| Great West Life Assurance Co | 2,222 | $50.0K | 0.00% | +455+25.7% | Added |
| US Bancorp | 2,180 | $49.1K | 0.00% | +50+2.3% | Added |
| Legal & General Group Plc | 2,068 | $46.6K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 1,964 | $44.2K | 0.00% | 00.0% | Unchanged |