ALERUS FINANCIAL CORP (ALRS) — Institutional Holders, Q2 2026
162 institutional investment managers reported a ALRS position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $503.9M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
ALRS in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- ProShare AdvisorsNew · +226,312 sh+$7.0M
- GOLDMAN SACHS GROUPAdded · +158,794 sh+$4.9M
- MAIRS & POWERAdded · +123,981 sh+$3.9M
- Phocas FinancialAdded · +93,259 sh+$2.9M
- Qube Research & Technologies LtdAdded · +73,492 sh+$2.3M
Biggest sellers
- WELLINGTON MANAGEMENT GROUP LLPSold out · -242,021 sh-$7.5M
- ENDEAVOUR CAPITAL ADVISORSTrimmed · -222,711 sh-$6.9M
- ALERUS FINANCIAL NATrimmed · -125,568 sh-$3.9M
- AMERIPRISE FINANCIALTrimmed · -73,030 sh-$2.3M
- MILLENNIUM MANAGEMENTTrimmed · -69,426 sh-$2.2M
ALRS 13F holders ranked 1–100 of 162
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | ALERUS FINANCIAL NA#1 · 2,116,173 sh | 2,116,173 | $65.8M | 2.88% | -5.6% |
| 2 | BlackRock#2 · 1,822,242 sh | 1,822,242 | $56.7M | <0.01% | +3.5% |
| 3 | VANGUARD CAPITAL MANAGEMENT#3 · 945,852 sh | 945,852 | $29.4M | <0.01% | -1.7% |
| 4 | DIMENSIONAL FUND ADVISORS#4 · 943,445 sh | 943,445 | $29.3M | <0.01% | +6.4% |
| 5 | GEODE CAPITAL MANAGEMENT#5 · 655,184 sh | 655,184 | $20.4M | <0.01% | +6.1% |
| 6 | STATE STREET#6 · 561,249 sh | 561,249 | $17.6M | <0.01% | +13.8% |
| 7 | GOLDMAN SACHS GROUP#7 · 525,321 sh | 525,321 | $16.3M | <0.01% | +43.3% |
| 8 | M3F#8 · 417,108 sh | 417,108 | $13.0M | — | 0.0% |
| 9 | Stieven Capital Advisors, L.P.#9 · 382,034 sh | 382,034 | $11.9M | 2.27% | +12.7% |
| 10 | Phocas Financial#10 · 354,155 sh | 354,155 | $11.0M | 1.53% | +35.7% |
| 11 | BANC FUNDS#11 · 349,165 sh | 349,165 | $10.9M | 1.79% | 0.0% |
| 12 | ENDEAVOUR CAPITAL ADVISORS#12 · 339,518 sh | 339,518 | $10.6M | 2.17% | -39.6% |
| 13 | AMERIPRISE FINANCIAL#13 · 310,910 sh | 310,910 | $9.7M | <0.01% | -19.0% |
| 14 | AQR CAPITAL MANAGEMENT#14 · 296,688 sh | 296,688 | $9.2M | <0.01% | +10.2% |
| 15 | CHOREO#15 · 293,265 sh | 293,265 | $9.1M | 0.10% | -0.1% |
| 16 | AMERICAN CENTURY COMPANIES#16 · 277,688 sh | 277,688 | $8.6M | <0.01% | -10.5% |
| 17 | CSM Advisors#17 · 239,320 sh | 239,320 | $7.4M | 0.16% | +19.1% |
| 18 | MORGAN STANLEY#18 · 237,432 sh | 237,432 | $7.4M | <0.01% | -13.0% |
| 19 | GENDELL JEFFREY L#19 · 233,700 sh | 233,700 | $7.3M | 0.06% | 0.0% |
| 20 | GRACE & WHITE#20 · 228,108 sh | 228,108 | $7.1M | — | 0.0% |
| 21 | ProShare Advisors#21 · 226,312 sh | 226,312 | $7.0M | 0.01% | New |
| 22 | VANGUARD PORTFOLIO MANAGEMENT#22 · 209,780 sh | 209,780 | $6.5M | <0.01% | +19.2% |
| 23 | NORTHERN#23 · 205,180 sh | 205,180 | $6.4M | <0.01% | +5.5% |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT#24 · 205,093 sh | 205,093 | $6.4M | <0.01% | -0.1% |
| 25 | MAIRS & POWER#25 · 203,417 sh | 203,417 | $6.3M | 0.06% | +156.1% |
| 26 | ALLIANCEBERNSTEIN L.P.#26 · 248,961 sh | 248,961 | $5.9M | <0.01% | +2.6% |
| 27 | Qube Research & Technologies Ltd#27 · 164,333 sh | 164,333 | $5.1M | <0.01% | +80.9% |
| 28 | VANGUARD FIDUCIARY#28 · 162,591 sh | 162,591 | $5.1M | <0.01% | +3.3% |
| 29 | FEDERATED HERMES#29 · 139,416 sh | 139,416 | $4.3M | <0.01% | +42.2% |
| 30 | GABELLI FUNDS#30 · 134,737 sh | 134,737 | $4.2M | 0.03% | 0.0% |
| 31 | Cutler Capital Management#31 · 134,400 sh | 134,400 | $4.2M | 1.09% | -1.5% |
| 32 | Bank of New York Mellon#32 · 124,414 sh | 124,414 | $3.9M | <0.01% | +5.7% |
| 33 | Quantinno Capital Management#33 · 124,348 sh | 124,348 | $3.9M | <0.01% | +34.8% |
| 34 | Sippican Capital Advisors#34 · 111,891 sh | 111,891 | $3.5M | — | -1.1% |
| 35 | BRIDGEWAY CAPITAL MANAGEMENT#35 · 108,916 sh | 108,916 | $3.4M | 0.06% | +18.3% |
| 36 | Empowered Funds#36 · 99,166 sh | 99,166 | $3.1M | 0.02% | +20.5% |
| 37 | ACADIAN ASSET MANAGEMENT#37 · 89,046 sh | 89,046 | $2.8M | <0.01% | -12.0% |
| 38 | FIRST ADVISORS#38 · 83,962 sh | 83,962 | $2.6M | <0.01% | +3.4% |
| 39 | Trexquant Investment#39 · 83,738 sh | 83,738 | $2.6M | 0.02% | +62.5% |
| 40 | TWO SIGMA INVESTMENTS#40 · 82,300 sh | 82,300 | $2.6M | <0.01% | +133.7% |
| 41 | NEW YORK STATE COMMON RETIREMENT FUND#41 · 74,559 sh | 74,559 | $2.3M | <0.01% | +42.8% |
| 42 | LOS ANGELES CAPITAL MANAGEMENT#42 · 71,187 sh | 71,187 | $2.2M | <0.01% | -5.9% |
| 43 | FORTRESS FINANCIAL GROUP#43 · 66,344 sh | 66,344 | $2.1M | — | 0.0% |
| 44 | XTX Topco Ltd#44 · 60,907 sh | 60,907 | $1.9M | 0.02% | +39.7% |
| 45 | BASSWOOD CAPITAL MANAGEMENT, L.L.C.#45 · 60,240 sh | 60,240 | $1.9M | 0.07% | 0.0% |
| 46 | JPMORGAN CHASE#46 · 55,490 sh | 55,490 | $1.7M | <0.01% | -12.6% |
| 47 | Gator Capital Management#47 · 54,420 sh | 54,420 | $1.7M | 0.36% | -19.9% |
| 48 | Wealth Forward#48 · 50,279 sh | 50,279 | $1.6M | — | 0.0% |
| 49 | Squarepoint Ops#49 · 49,419 sh | 49,419 | $1.5M | <0.01% | -6.5% |
| 50 | Pinnacle#50 · 49,149 sh | 49,149 | $1.5M | 0.47% | +0.3% |
| 51 | CITIGROUP#51 · 48,814 sh | 48,814 | $1.5M | <0.01% | +53.0% |
| 52 | Nuveen#52 · 44,509 sh | 44,509 | $1.4M | <0.01% | +13.0% |
| 53 | RENAISSANCE TECHNOLOGIES#53 · 42,241 sh | 42,241 | $1.3M | <0.01% | -57.0% |
| 54 | JONES FINANCIAL COMPANIES LLLP#54 · 41,111 sh | 41,111 | $1.3M | <0.01% | +6751.8% |
| 55 | BANK OF AMERICA#55 · 39,437 sh | 39,437 | $1.2M | <0.01% | +20.8% |
| 56 | IEQ CAPITAL#56 · 39,225 sh | 39,225 | $1.2M | <0.01% | -0.4% |
| 57 | MILLENNIUM MANAGEMENT#57 · 37,560 sh | 37,560 | $1.2M | <0.01% | -64.9% |
| 58 | PRINCIPAL FINANCIAL GROUP#58 · 32,036 sh | 32,036 | $996.3K | <0.01% | +6.8% |
| 59 | RHUMBLINE ADVISERS#59 · 31,839 sh | 31,839 | $990.2K | <0.01% | +10.8% |
| 60 | Mariner#60 · 31,459 sh | 31,459 | $978.4K | <0.01% | -5.8% |
| 61 | Invesco Ltd.#61 · 30,412 sh | 30,412 | $945.8K | <0.01% | +1.8% |
| 62 | Russell Investments Group, Ltd.#62 · 28,713 sh | 28,713 | $892.2K | <0.01% | +488.9% |
| 63 | SUSQUEHANNA FUNDAMENTAL INVESTMENTS#63 · 28,377 sh | 28,377 | $882.5K | 0.02% | +30.4% |
| 64 | GSA CAPITAL PARTNERS LLP#64 · 27,955 sh | 27,955 | $869.0K | 0.05% | -40.4% |
| 65 | Creative Planning#65 · 27,856 sh | 27,856 | $866.3K | <0.01% | +5.1% |
| 66 | CITADEL ADVISORS#66 · 26,211 sh | 26,211 | $815.2K | <0.01% | New |
| 67 | STRS OHIO#67 · 24,900 sh | 24,900 | $774.4K | <0.01% | New |
| 68 | DEUTSCHE BANK AG\#68 · 23,420 sh | 23,420 | $728.4K | <0.01% | +24.6% |
| 69 | Johnson Wealth Management#69 · 23,006 sh | 23,006 | $715.5K | 0.30% | -18.4% |
| 70 | GAMCO INVESTORS, ET AL#70 · 22,671 sh | 22,671 | $705.1K | <0.01% | +14.3% |
| 71 | Inspire Investing#71 · 21,985 sh | 21,985 | $683.7K | — | +1.4% |
| 72 | Lafayette Investments#72 · 21,900 sh | 21,900 | $681.1K | 0.13% | 0.0% |
| 73 | FMR#73 · 21,768 sh | 21,768 | $677.0K | 0.00% | +156.9% |
| 74 | WELLS FARGO & COMPANY#74 · 20,493 sh | 20,493 | $637.3K | <0.01% | +97.4% |
| 75 | LSV ASSET MANAGEMENT#75 · 20,000 sh | 20,000 | $622.0K | <0.01% | 0.0% |
| 76 | PRICE T ROWE ASSOCIATES#76 · 19,815 sh | 19,815 | $617.0K | <0.01% | +21.7% |
| 77 | STATE OF WISCONSIN INVESTMENT BOARD#77 · 19,342 sh | 19,342 | $601.5K | <0.01% | -6.0% |
| 78 | Cetera Investment Advisers#78 · 18,973 sh | 18,973 | $590.0K | <0.01% | -10.4% |
| 79 | CANADA PENSION PLAN INVESTMENT BOARD#79 · 18,800 sh | 18,800 | $584.7K | <0.01% | 0.0% |
| 80 | Odyssean#80 · 18,781 sh | 18,781 | $584.1K | 0.10% | New |
| 81 | MERCER GLOBAL ADVISORS#81 · 18,174 sh | 18,174 | $565.2K | <0.01% | +16.7% |
| 82 | Connor, Clark & Lunn Investment Management Ltd.#82 · 17,933 sh | 17,933 | $557.7K | <0.01% | New |
| 83 | WEALTH ENHANCEMENT ADVISORY SERVICES#83 · 16,615 sh | 16,615 | $520.4K | — | +20.9% |
| 84 | Aquatic Capital Management#84 · 16,564 sh | 16,564 | $515.1K | 0.02% | New |
| 85 | MetLife Investment Management#85 · 13,739 sh | 13,739 | $427.3K | <0.01% | +6.8% |
| 86 | MARSHALL WACE, LLP#86 · 13,457 sh | 13,457 | $418.5K | <0.01% | New |
| 87 | HRT FINANCIAL#87 · 13,303 sh | 13,303 | $413.0K | <0.01% | New |
| 88 | Aviance Capital Partners#88 · 13,111 sh | 13,111 | $407.7K | 0.04% | 0.0% |
| 89 | First PREMIER Bank#89 · 12,670 sh | 12,670 | $394.0K | — | -25.6% |
| 90 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#90 · 12,053 sh | 12,053 | $374.8K | 0.00% | +39.2% |
| 91 | Columbia River Financial Group#91 · 11,239 sh | 11,239 | $352.0K | 0.19% | 0.0% |
| 92 | MIRAE ASSET GLOBAL ETFS Ltd.#92 · 11,048 sh | 11,048 | $343.6K | <0.01% | +0.1% |
| 93 | Tower Research Capital (TRC)#93 · 10,674 sh | 10,674 | $332.0K | <0.01% | +312.9% |
| 94 | Vanguard Global Advisers#94 · 10,247 sh | 10,247 | $318.7K | <0.01% | 0.0% |
| 95 | Harbor Advisors#95 · 9,867 sh | 9,867 | $306.9K | 0.04% | 0.0% |
| 96 | Hanson & Doremus Investment Management#96 · 9,584 sh | 9,584 | $298.0K | — | -2.6% |
| 97 | MARTINGALE ASSET MANAGEMENT L P#97 · 8,400 sh | 8,400 | $261.2K | <0.01% | -63.8% |
| 98 | PFG Advisors#98 · 7,948 sh | 7,948 | $247.2K | — | New |
| 99 | MML INVESTORS SERVICES#99 · 7,937 sh | 7,937 | $246.8K | <0.01% | New |
| 100 | Tradition Wealth Management#100 · 7,912 sh | 7,912 | $246.1K | 0.01% | New |
Funds that sold out of ALRS in Q2 2026 (12)
Held ALRS at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP242,021 sh | 242,021 | $5.7M |
| CARRET ASSET MANAGEMENT37,000 sh | 37,000 | $877.3K |
| JANE STREET GROUP31,261 sh | 31,261 | $741.2K |
| CenterBook Partners28,099 sh | 28,099 | $666.2K |
| HSBC PLC20,488 sh | 20,488 | $485.2K |
| Black Maple Capital Management19,757 sh | 19,757 | $468.4K |
| PANAGORA ASSET MANAGEMENT11,887 sh | 11,887 | $281.8K |
| Numerai GP9,642 sh | 9,642 | $228.6K |
| State of Wyoming391 sh | 391 | $9.3K |
| Root Financial Partners34 sh | 34 | $806.00 |
| MAI Capital Management26 sh | 26 | $617.00 |
| Covestor Ltd20 sh | 20 | $0.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.