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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
Trexquant Investment LP51,528$1.22M0.01%+30,783+148.4%Added
New York State Common Retirement Fund52,214$1.24M0.00%00.0%Unchanged
Squarepoint Ops LLC52,858$1.25M0.00%+29,603+127.3%Added
Basswood Capital Management, L.L.C.60,240$1.43M0.07%00.0%Unchanged
JPMorgan Chase & Co63,454$1.52M0.00%−12,319−16.3%Reduced
Fortress Financial Group, LLC66,316$1.57M1.16%−1,023−1.5%Reduced
Gator Capital Management, LLC67,960$1.61M0.34%+2,550+3.9%Added
CWM, LLC73,245$1.74M0.00%−351−0.5%Reduced
Los Angeles Capital Management LLC75,617$1.79M0.01%−27,717−26.8%Reduced
Mairs & Power Inc79,436$1.88M0.02%00.0%Unchanged
First Trust Advisors LP81,208$1.93M0.00%+503+0.6%Added
Empowered Funds, LLC82,279$1.95M0.01%+82,279New
Qube Research & Technologies Ltd90,841$2.15M0.00%−49,738−35.4%Reduced
Bridgeway Capital Management, LLC92,029$2.18M0.04%+76,089+477.3%Added
Quantinno Capital Management LP92,252$2.19M0.00%+34,754+60.4%Added
Federated Hermes, Inc.98,065$2.33M0.00%+51,081+108.7%Added
Renaissance Technologies LLC98,286$2.33M0.00%−20,726−17.4%Reduced
Acadian Asset Management LLC101,185$2.40M0.00%+10,379+11.4%Added
Millennium Management LLC106,986$2.54M0.00%+67,737+172.6%Added
Sippican Capital Advisors113,141$2.68M1.84%−700−0.6%Reduced
Bank of New York Mellon Corp117,753$2.79M0.00%−1,289−1.1%Reduced
Gabelli Funds LLC134,737$3.19M0.02%−3,084−2.2%Reduced
Cutler Capital Management, LLC136,470$3.24M0.89%−1,530−1.1%Reduced
Vanguard Fiduciary Trust Co157,322$3.73M0.00%+157,322New
Vanguard Portfolio Management LLC175,931$4.17M0.00%+175,931New
Northern Trust Corp194,464$4.61M0.00%+12,529+6.9%Added
CSM Advisors, LLC200,935$4.76M0.12%−1,005−0.5%Reduced
Charles Schwab Investment Management Inc205,324$4.87M0.00%−1,876−0.9%Reduced
Grace & White Inc228,108$5.41M0.96%−28,125−11.0%Reduced
Alliancebernstein L.P.242,681$5.47M0.00%−900−0.4%Reduced
Gendell Jeffrey L233,700$5.54M0.08%00.0%Unchanged
Wellington Management Group LLP242,021$5.74M0.00%−3,476−1.4%Reduced
Phocas Financial Corp.260,896$6.19M0.97%−73,461−22.0%Reduced
AQR Capital Management LLC269,165$6.38M0.00%−53,915−16.7%Reduced
Morgan Stanley272,989$6.47M0.00%−31,613−10.4%Reduced
RSM US Wealth Management LLC293,681$7.02M0.09%−890−0.3%Reduced
American Century Companies Inc310,123$7.35M0.00%+127,590+69.9%Added
Stieven Capital Advisors, L.P.338,924$8.04M1.72%+338,924New
Banc Funds Co LLC349,165$8.28M1.54%+134,198+62.4%Added
Goldman Sachs Group Inc366,527$8.69M0.00%+68,467+23.0%Added
Ameriprise Financial Inc383,940$9.10M0.00%+4,400+1.2%Added
M3F, Inc.417,108$9.89M2.45%+5,945+1.4%Added
State Street Corp493,162$11.8M0.00%+17,132+3.6%Added
Endeavour Capital Advisors Inc562,229$13.3M3.02%+45,697+8.8%Added
Geode Capital Management, LLC617,676$14.6M0.00%+14,284+2.4%Added
Dimensional Fund Advisors LP886,815$21.0M0.00%+56,763+6.8%Added
Vanguard Capital Management LLC961,776$22.8M0.00%+961,776New
BlackRock, Inc.1,760,751$41.7M0.00%−40,690−2.3%Reduced
Alerus Financial NA2,241,741$53.2M2.63%−47,458−2.1%Reduced
Marshall Wace, LLP0$00.00%−87,178−100.0%Sold out
FJ Capital Management LLC0$00.00%−67,134−100.0%Sold out
Man Group plc0$00.00%−64,111−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−31,000−100.0%Sold out
Citadel Advisors LLC0$00.00%−22,388−100.0%Sold out
Connor, Clark & Lunn Investment Management Ltd.0$00.00%−14,730−100.0%Sold out
Quest Partners LLC0$00.00%−4,816−100.0%Sold out
Amalgamated Bank0$00.00%−739−100.0%Sold out
Quarry LP0$00.00%−134−100.0%Sold out
Clearstead Advisors, LLC0$00.00%−4−100.0%Sold out
Vanguard Group Inc––––Not filed