Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

ALERUS FINANCIAL CORP

CIK 0000903419ALRS· quarter ending 2026-06-30
Shares outstanding
24,903,238
Held by 13F filers
16,256,800
65.3% of shares outstanding
Holders
161
+12 vs 2026-03-31 · 26 new, 14 exited
Value
$503.9M
shares +2.7% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-08-03, as of 2026-07-30)

ClassListedShares outstandingHeld by 13F filers% of classHoldersCUSIP
Common stockALRS · NASDAQ24,903,23816,256,80065.3%16101446U103

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine
CountCUSIPClass (as filers write it)HoldersShares heldClass shares% of classValueOptionsMapped via
01446U103COM16116,256,80024,903,23865.3%$503.9M1 call / 0 put13DGholders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings.

Top holders (161 of 161 · 01446U103)

change vs 2026-03-31
#FilerShares% of classValueChange
1ALERUS FINANCIAL NA2,116,1738.50%$65.8M-125,568 (-5.6%)
2BlackRock, Inc.1,822,2427.32%$56.7M+61,491 (+3.5%)
3VANGUARD CAPITAL MANAGEMENT LLC945,8523.80%$29.4M-15,924 (-1.7%)
4DIMENSIONAL FUND ADVISORS LP943,4453.79%$29.3M+56,630 (+6.4%)
5GEODE CAPITAL MANAGEMENT, LLC655,1842.63%$20.4M+37,508 (+6.1%)
6STATE STREET CORP561,2492.25%$17.6M+68,087 (+13.8%)
7GOLDMAN SACHS GROUP INC525,3212.11%$16.3M+158,794 (+43.3%)
8M3F, Inc.417,1081.67%$13.0M—
9Stieven Capital Advisors, L.P.382,0341.53%$11.9M+43,110 (+12.7%)
10Phocas Financial Corp.354,1551.42%$11.0M+93,259 (+35.7%)
11BANC FUNDS CO LLC349,1651.40%$10.9M—
12ENDEAVOUR CAPITAL ADVISORS INC339,5181.36%$10.6M-222,711 (-39.6%)
13AMERIPRISE FINANCIAL INC310,9101.25%$9.7M-73,030 (-19.0%)
14AQR CAPITAL MANAGEMENT LLC296,6881.19%$9.2M+27,523 (+10.2%)
15CHOREO, LLC293,2651.18%$9.1M-416 (-0.1%)
16AMERICAN CENTURY COMPANIES INC277,6881.12%$8.6M-32,435 (-10.5%)
17ALLIANCEBERNSTEIN L.P.248,9611.00%$5.9M+6,280 (+2.6%)
18CSM Advisors, LLC239,3200.96%$7.4M+38,385 (+19.1%)
19MORGAN STANLEY237,4320.95%$7.4M-35,557 (-13.0%)
20GENDELL JEFFREY L233,7000.94%$7.3M—
21GRACE & WHITE INC /NY228,1080.92%$7.1M—
22ProShare Advisors LLC226,3120.91%$7.0MNEW
23VANGUARD PORTFOLIO MANAGEMENT LLC209,7800.84%$6.5M+33,849 (+19.2%)
24NORTHERN TRUST CORP205,1800.82%$6.4M+10,716 (+5.5%)
25CHARLES SCHWAB INVESTMENT MANAGEMENT INC205,0930.82%$6.4M-231 (-0.1%)
26MAIRS & POWER INC203,4170.82%$6.3M+123,981 (+156.1%)
27Qube Research & Technologies Ltd164,3330.66%$5.1M+73,492 (+80.9%)
28VANGUARD FIDUCIARY TRUST CO162,5910.65%$5.1M+5,269 (+3.3%)
29FEDERATED HERMES, INC.139,4160.56%$4.3M+41,351 (+42.2%)
30GABELLI FUNDS LLC134,7370.54%$4.2M—
31Cutler Capital Management, LLC134,4000.54%$4.2M-2,070 (-1.5%)
32Bank of New York Mellon Corp124,4140.50%$3.9M+6,661 (+5.7%)
33Quantinno Capital Management LP124,3480.50%$3.9M+32,096 (+34.8%)
34Sippican Capital Advisors111,8910.45%$3.5M-1,250 (-1.1%)
35BRIDGEWAY CAPITAL MANAGEMENT, LLC108,9160.44%$3.4M+16,887 (+18.3%)
36Empowered Funds, LLC99,1660.40%$3.1M+16,887 (+20.5%)
37ACADIAN ASSET MANAGEMENT LLC89,0460.36%$2.8M-12,139 (-12.0%)
38FIRST TRUST ADVISORS LP83,9620.34%$2.6M+2,754 (+3.4%)
39Trexquant Investment LP83,7380.34%$2.6M+32,210 (+62.5%)
40TWO SIGMA INVESTMENTS, LP82,3000.33%$2.6M+47,085 (+133.7%)
41NEW YORK STATE COMMON RETIREMENT FUND74,5590.30%$2.3M+22,345 (+42.8%)
42LOS ANGELES CAPITAL MANAGEMENT LLC71,1870.29%$2.2M-4,430 (-5.9%)
43FORTRESS FINANCIAL GROUP, LLC66,3440.27%$2.1M+28 (+0.0%)
44XTX Topco Ltd60,9070.24%$1.9M+17,308 (+39.7%)
45BASSWOOD CAPITAL MANAGEMENT, L.L.C.60,2400.24%$1.9M—
46JPMORGAN CHASE & CO55,4900.22%$1.7M-7,964 (-12.6%)
47Gator Capital Management, LLC54,4200.22%$1.7M-13,540 (-19.9%)
48Wealth Forward, LLC50,2790.20%$1.6M—
49Squarepoint Ops LLC49,4190.20%$1.5M-3,439 (-6.5%)
50Pinnacle Holdings, LLC49,1490.20%$1.5M+150 (+0.3%)
51CITIGROUP INC48,8140.20%$1.5M+16,917 (+53.0%)
52Nuveen, LLC44,5090.18%$1.4M+5,113 (+13.0%)
53RENAISSANCE TECHNOLOGIES LLC42,2410.17%$1.3M-56,045 (-57.0%)
54JONES FINANCIAL COMPANIES LLLP41,1110.17%$1.3M+40,511 (+6751.8%)
55BANK OF AMERICA CORP /DE/39,4370.16%$1.2M+6,781 (+20.8%)
56IEQ CAPITAL, LLC39,2250.16%$1.2M-175 (-0.4%)
57MILLENNIUM MANAGEMENT LLC37,5600.15%$1.2M-69,426 (-64.9%)
58PRINCIPAL FINANCIAL GROUP INC32,0360.13%$996K+2,052 (+6.8%)
59RHUMBLINE ADVISERS31,8390.13%$990K+3,106 (+10.8%)
60Mariner, LLC31,4590.13%$978K-1,936 (-5.8%)
61Invesco Ltd.30,4120.12%$946K+541 (+1.8%)
62Russell Investments Group, Ltd.28,7130.12%$892K+23,837 (+488.9%)
63SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC28,3770.11%$883K+6,608 (+30.4%)
64GSA CAPITAL PARTNERS LLP27,9550.11%$869K-18,946 (-40.4%)
65Creative Planning27,8560.11%$866K+1,348 (+5.1%)
66CITADEL ADVISORS LLC26,2110.11%$815KNEW
67STRS OHIO24,9000.10%$774KNEW
68DEUTSCHE BANK AG\23,4200.09%$728K+4,621 (+24.6%)
69Johnson Wealth Management, LLC23,0060.09%$716K-5,180 (-18.4%)
70GAMCO INVESTORS, INC. ET AL22,6710.09%$705K+2,835 (+14.3%)
71Inspire Investing, LLC21,9850.09%$684K+308 (+1.4%)
72Lafayette Investments, Inc.21,9000.09%$681K—
73FMR LLC21,7680.09%$677K+13,296 (+156.9%)
74WELLS FARGO & COMPANY/MN20,4930.08%$637K+10,109 (+97.4%)
75LSV ASSET MANAGEMENT20,0000.08%$622K—
76PRICE T ROWE ASSOCIATES INC /MD/19,8150.08%$617K+3,533 (+21.7%)
77STATE OF WISCONSIN INVESTMENT BOARD19,3420.08%$602K-1,235 (-6.0%)
78Cetera Investment Advisers18,9730.08%$590K-2,191 (-10.4%)
79CANADA PENSION PLAN INVESTMENT BOARD18,8000.08%$585K—
80Odyssean, LLC18,7810.08%$584KNEW
81MERCER GLOBAL ADVISORS INC /ADV18,1740.07%$565K+2,597 (+16.7%)
82Connor, Clark & Lunn Investment Management Ltd.17,9330.07%$558KNEW
83WEALTH ENHANCEMENT ADVISORY SERVICES, LLC16,6150.07%$520K+2,869 (+20.9%)
84Aquatic Capital Management LLC16,5640.07%$515KNEW
85MetLife Investment Management, LLC13,7390.06%$427K+869 (+6.8%)
86MARSHALL WACE, LLP13,4570.05%$419KNEW
87HRT FINANCIAL LP13,3030.05%$413KNEW
88Aviance Capital Partners, LLC13,1110.05%$408K—
89First PREMIER Bank12,6700.05%$394K-4,366 (-25.6%)
90SUSQUEHANNA INTERNATIONAL GROUP, LLP12,0530.05%$375K+3,397 (+39.2%)
91Columbia River Financial Group, LLC11,2390.05%$352K—
92MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.11,0480.04%$344K+15 (+0.1%)
93Tower Research Capital LLC (TRC)10,6740.04%$332K+8,089 (+312.9%)
94Vanguard Global Advisers, LLC10,2470.04%$319K—
95Harbor Advisors LLC9,8670.04%$307K—
96Hanson & Doremus Investment Management9,5840.04%$298K-260 (-2.6%)
97MARTINGALE ASSET MANAGEMENT L P8,4000.03%$261K-14,800 (-63.8%)
98PFG Advisors7,9480.03%$247KNEW
99MML INVESTORS SERVICES, LLC7,9370.03%$247KNEW
100Tradition Wealth Management, LLC7,9120.03%$246KNEW
101Arax Advisory Partners7,8170.03%$243K+7,564 (+2989.7%)
102LPL Financial LLC7,3600.03%$229KNEW
103Corient Private Wealth LP7,1480.03%$223KNEW
104Police & Firemen's Retirement System of New Jersey6,7590.03%$210K—
105MANUFACTURERS LIFE INSURANCE COMPANY, THE6,6720.03%$207KNEW
106PRUDENTIAL FINANCIAL INC6,5500.03%$204KNEW
107CHIRON CAPITAL MANAGEMENT, LLC6,4320.03%$200KNEW
108UBS Group AG5,2630.02%$164K-6,427 (-55.0%)
109MEEDER ASSET MANAGEMENT INC4,5790.02%$142K+784 (+20.7%)
110BARCLAYS PLC3,7070.01%$115K-16,033 (-81.2%)
111BNP PARIBAS FINANCIAL MARKETS3,3550.01%$104K-14,473 (-81.2%)
112Horrell Capital Management, Inc.3,0000.01%$93K-1,440 (-32.4%)
113ROYAL BANK OF CANADA2,3880.01%$75K+2,375 (+18269.2%)
114Legal & General Group Plc2,3390.01%$73K+271 (+13.1%)
115US BANCORP \DE\2,2590.01%$70K+8 (+0.4%)
116CANADA LIFE ASSURANCE Co2,1510.01%$67K-159 (-6.9%)
117NEW YORK STATE TEACHERS RETIREMENT SYSTEM2,1400.01%$67KNEW
118Ameritas Investment Partners, Inc.1,9640.01%$61K—
119OSAIC HOLDINGS, INC.1,9300.01%$60K+16 (+0.8%)
120Larson Financial Group LLC1,8040.01%$56K+250 (+16.1%)
121THOMPSON INVESTMENT MANAGEMENT, INC.1,4700.01%$46K—
122NewEdge Advisors, LLC1,0540.00%$33K+9 (+0.9%)
123State of Alaska, Department of Revenue1,0250.00%$31K—
124PNC Financial Services Group, Inc.8980.00%$28K+721 (+407.3%)
125EverSource Wealth Advisors, LLC8630.00%$27K+32 (+3.9%)
126Cherry Tree Wealth Management, LLC8300.00%$26K—
127Steward Partners Investment Advisory, LLC8070.00%$25K+7 (+0.9%)
128Allworth Financial LP7250.00%$23K+170 (+30.6%)
129Basepoint Wealth LLC6850.00%$21K+6 (+0.9%)
130Sterling Capital Management LLC4840.00%$15K-299 (-38.2%)
131Essential Partners LLC4740.00%$15K-1,276 (-72.9%)
132CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM3300.00%$10K-942 (-74.1%)
133IFP Advisors, Inc3230.00%$10K-6 (-1.8%)
134GAMMA Investing LLC2930.00%$9K-24 (-7.6%)
135NISA INVESTMENT ADVISORS, LLC2640.00%$8K—
136SJS Investment Consulting Inc.2250.00%$7K+218 (+3114.3%)
137Triumph Capital Management2000.00%$6K—
138UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC1790.00%$6K—
139JPL Wealth Management, LLC1690.00%$5K—
140Torren Management, LLC1500.00%$5K—
141ROTHSCHILD INVESTMENT LLC1460.00%$5K—
142Smartleaf Asset Management LLC1360.00%$4K—
143BAYBAN1250.00%$4K—
144Parallel Advisors, LLC1080.00%$3K—
145Farther Finance Advisors, LLC860.00%$3K-28 (-24.6%)
146True Wealth Design, LLC710.00%$2K+7 (+10.9%)
147Spectrum Wealth Advisory Group, LLC700.00%$2KNEW
148Global Retirement Partners, LLC690.00%$2KNEW
149Quarry LP580.00%$2KNEW
150Optiver Holding B.V.540.00%$2K-176 (-76.5%)
151TOUNJIAN ADVISORY PARTNERS, LLC350.00%$1KNEW
152Rockefeller Capital Management L.P.330.00%$1K—
153Cornerstone Planning Group LLC310.00%$997—
154Capital Advisors, Ltd. LLC240.00%$1K—
155Clearstead Advisors, LLC220.00%$685NEW
156Wealth Enhancement Trust Services, Inc.150.00%$467NEW
157SBI Securities Co., Ltd.110.00%$342-1 (-8.3%)
158Caitong International Asset Management Co., Ltd20.00%$62NEW
159HUNTINGTON NATIONAL BANK10.00%$31—
160Silver Grove Financial Group, Inc.10.00%$31NEW
161Fortitude Family Office, LLC10.00%$31NEW
Exited since 2026-03-31 (14 filers; largest 14 shown)
WELLINGTON MANAGEMENT GROUP LLP−242,021
CWM, LLC−73,245
CARRET ASSET MANAGEMENT, LLC−37,000
JANE STREET GROUP, LLC−31,261
CenterBook Partners LP−28,099
HSBC HOLDINGS PLC−20,488
Black Maple Capital Management LP−19,757
PANAGORA ASSET MANAGEMENT INC−11,887
Numerai GP LLC−9,642
State of Wyoming−391
Root Financial Partners, LLC−34
MAI Capital Management−26
Covestor Ltd−20
Sunbelt Securities, Inc.−6

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting personFormFiledEventShares% of class
The Vanguard GroupSCHEDULE 13G/A2026-03-262026-03-1300%
Alerus Financial Corp Employee Stock Ownership PlanSCHEDULE 13G/A2025-05-132025-03-311,036,3964.1%
BlackRock, Inc.SCHEDULE 13G/A2025-02-052024-12-311,843,2317.3%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.