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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 2026

Institutional positions in Alerus Financial Corp as of Mar 31, 2026. 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
149
+8 vs. Q4 2025
Shares held
15.8M
+1.72M (+12.2%) vs. Q4 2025
Total value
$375.3M
+$57.6M (+18.1%) vs. Q4 2025
New holders
18
51 more added
Sold out
10
48 more reduced

1 institution that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 149 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 2026: $375.3M
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 2026

Shares, value and share of portfolio for each institution holding Alerus Financial Corp; share changes are against Q4 2025.

Institutions holding ALRS in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Alerus Financial NA2,241,741$53.2M2.63%−47,458−2.1%Reduced
BlackRock, Inc.1,760,751$41.7M0.00%−40,690−2.3%Reduced
Vanguard Capital Management LLC961,776$22.8M0.00%+961,776New
Dimensional Fund Advisors LP886,815$21.0M0.00%+56,763+6.8%Added
Geode Capital Management, LLC617,676$14.6M0.00%+14,284+2.4%Added
Endeavour Capital Advisors Inc562,229$13.3M3.02%+45,697+8.8%Added
State Street Corp493,162$11.8M0.00%+17,132+3.6%Added
M3F, Inc.417,108$9.89M2.45%+5,945+1.4%Added
Ameriprise Financial Inc383,940$9.10M0.00%+4,400+1.2%Added
Goldman Sachs Group Inc366,527$8.69M0.00%+68,467+23.0%Added
Banc Funds Co LLC349,165$8.28M1.54%+134,198+62.4%Added
Stieven Capital Advisors, L.P.338,924$8.04M1.72%+338,924New
American Century Companies Inc310,123$7.35M0.00%+127,590+69.9%Added
RSM US Wealth Management LLC293,681$7.02M0.09%−890−0.3%Reduced
Morgan Stanley272,989$6.47M0.00%−31,613−10.4%Reduced
AQR Capital Management LLC269,165$6.38M0.00%−53,915−16.7%Reduced
Phocas Financial Corp.260,896$6.19M0.97%−73,461−22.0%Reduced
Wellington Management Group LLP242,021$5.74M0.00%−3,476−1.4%Reduced
Gendell Jeffrey L233,700$5.54M0.08%00.0%Unchanged
Alliancebernstein L.P.242,681$5.47M0.00%−900−0.4%Reduced
Grace & White Inc228,108$5.41M0.96%−28,125−11.0%Reduced
Charles Schwab Investment Management Inc205,324$4.87M0.00%−1,876−0.9%Reduced
CSM Advisors, LLC200,935$4.76M0.12%−1,005−0.5%Reduced
Northern Trust Corp194,464$4.61M0.00%+12,529+6.9%Added
Vanguard Portfolio Management LLC175,931$4.17M0.00%+175,931New
Vanguard Fiduciary Trust Co157,322$3.73M0.00%+157,322New
Cutler Capital Management, LLC136,470$3.24M0.89%−1,530−1.1%Reduced
Gabelli Funds LLC134,737$3.19M0.02%−3,084−2.2%Reduced
Bank of New York Mellon Corp117,753$2.79M0.00%−1,289−1.1%Reduced
Sippican Capital Advisors113,141$2.68M1.84%−700−0.6%Reduced
Millennium Management LLC106,986$2.54M0.00%+67,737+172.6%Added
Acadian Asset Management LLC101,185$2.40M0.00%+10,379+11.4%Added
Renaissance Technologies LLC98,286$2.33M0.00%−20,726−17.4%Reduced
Federated Hermes, Inc.98,065$2.33M0.00%+51,081+108.7%Added
Quantinno Capital Management LP92,252$2.19M0.00%+34,754+60.4%Added
Bridgeway Capital Management, LLC92,029$2.18M0.04%+76,089+477.3%Added
Qube Research & Technologies Ltd90,841$2.15M0.00%−49,738−35.4%Reduced
Empowered Funds, LLC82,279$1.95M0.01%+82,279New
First Trust Advisors LP81,208$1.93M0.00%+503+0.6%Added
Mairs & Power Inc79,436$1.88M0.02%00.0%Unchanged
Los Angeles Capital Management LLC75,617$1.79M0.01%−27,717−26.8%Reduced
CWM, LLC73,245$1.74M0.00%−351−0.5%Reduced
Gator Capital Management, LLC67,960$1.61M0.34%+2,550+3.9%Added
Fortress Financial Group, LLC66,316$1.57M1.16%−1,023−1.5%Reduced
JPMorgan Chase & Co63,454$1.52M0.00%−12,319−16.3%Reduced
Basswood Capital Management, L.L.C.60,240$1.43M0.07%00.0%Unchanged
Squarepoint Ops LLC52,858$1.25M0.00%+29,603+127.3%Added
New York State Common Retirement Fund52,214$1.24M0.00%00.0%Unchanged
Trexquant Investment LP51,528$1.22M0.01%+30,783+148.4%Added
Wealth Forward, LLC50,279$1.19M0.67%00.0%Unchanged
Pinnacle Holdings, LLC48,999$1.16M0.38%00.0%Unchanged
Gsa Capital Partners LLP46,901$1.11M0.07%−2,178−4.4%Reduced
XTX Topco Ltd43,599$1.03M0.02%+21,744+99.5%Added
Ieq Capital, LLC39,400$934.2K0.00%+5,815+17.3%Added
Nuveen, LLC39,396$934.1K0.00%+194+0.5%Added
Carret Asset Management, LLC37,000$877.3K0.09%+37,000New
Two Sigma Investments, LP35,215$834.9K0.00%−82,699−70.1%Reduced
Mariner, LLC33,395$791.8K0.00%+680+2.1%Added
Bank of America Corp32,656$774.3K0.00%−16,262−33.2%Reduced
Citigroup Inc31,897$756.3K0.00%+21,290+200.7%Added
Jane Street Group, LLC31,261$741.2K0.00%+379+1.2%Added
Principal Financial Group Inc29,984$710.9K0.00%+29,984New
Invesco Ltd.29,871$708.2K0.00%+205+0.7%Added
Rhumbline Advisers28,733$681.3K0.00%−1,220−4.1%Reduced
Johnson Wealth Management, LLC28,186$668.3K0.32%00.0%Unchanged
CenterBook Partners LP28,099$666.2K0.04%+28,099New
Creative Planning26,508$628.5K0.00%−985−3.6%Reduced
Martingale Asset Management L P23,200$550.1K0.01%−57,550−71.3%Reduced
Lafayette Investments, Inc.21,900$519.2K0.11%00.0%Unchanged
Susquehanna Fundamental Investments, LLC21,769$516.1K0.02%+21,769New
CWM Advisors, LLC21,677$514.0K0.03%+799+3.8%Added
Cetera Investment Advisers21,164$501.8K0.00%−13,526−39.0%Reduced
State of Wisconsin Investment Board20,577$487.9K0.00%+5,500+36.5%Added
HSBC Holdings PLC20,488$485.2K0.00%−26,178−56.1%Reduced
LSV Asset Management20,000$474.0K0.00%+20,000New
Gamco Investors, Inc. Et Al19,836$470.3K0.00%−65,257−76.7%Reduced
Black Maple Capital Management LP19,757$468.4K0.36%−4,819−19.6%Reduced
Barclays PLC19,740$468.0K0.00%−31,543−61.5%Reduced
Canada Pension Plan Investment Board18,800$445.7K0.00%00.0%Unchanged
Deutsche Bank AG18,799$445.7K0.00%+2,150+12.9%Added
BNP Paribas Arbitrage, SA17,828$422.7K0.00%−4,072−18.6%Reduced
First PREMIER Bank17,036$404.0K0.09%00.0%Unchanged
Price T Rowe Associates Inc16,282$387.0K0.00%+2,688+19.8%Added
Mercer Global Advisors Inc15,577$369.3K0.00%+214+1.4%Added
Wealth Enhancement Advisory Services, LLC13,746$327.7K0.00%+1,050+8.3%Added
Aviance Capital Partners, LLC13,111$310.9K0.04%00.0%Unchanged
MetLife Investment Management12,870$305.1K0.00%−239−1.8%Reduced
Panagora Asset Management Inc11,887$281.8K0.00%−466−3.8%Reduced
UBS Group AG11,690$277.2K0.00%−5,402−31.6%Reduced
Columbia River Financial Group, LLC11,239$268.0K0.16%+11,239New
Mirae Asset Global ETFs Holdings Ltd.11,033$261.6K0.00%+128+1.2%Added
Wells Fargo & Company10,384$246.2K0.00%−16,473−61.3%Reduced
Vanguard Global Advisers, LLC10,247$243.0K0.00%+10,247New
Harbor Advisors LLC9,867$233.9K0.03%00.0%Unchanged
Hanson & Doremus Investment Management9,844$233.0K0.03%00.0%Unchanged
Numerai GP LLC9,642$228.6K0.02%+447+4.9%Added
Susquehanna International Group, LLP8,656$205.2K0.00%+8,656New
FMR LLC8,472$200.9K0.00%+665+8.5%Added
Police & Firemen's Retirement System of New Jersey6,759$160.3K0.00%00.0%Unchanged
Russell Investments Group, Ltd.4,876$115.6K0.00%+1,702+53.6%Added