Alerus Investment Advisors

Alerus Investment Advisors as of March 31, 2014

Portfolio Holdings for Alerus Investment Advisors

Alerus Investment Advisors holds 160 positions in its portfolio as reported in the March 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 6.1 $28M 152k 187.01
St. Jude Medical 6.1 $28M 152k 187.01
Vanguard S&p 500 Etf idx (VOO) 5.0 $23M 137k 171.34
iShares Lehman Aggregate Bond (AGG) 4.4 $20M 187k 107.91
Apple (AAPL) 2.6 $12M 22k 536.90
Microsoft Corporation (MSFT) 2.5 $12M 281k 40.98
Johnson & Johnson (JNJ) 1.9 $8.6M 38k 228.39
Vanguard Scottsdale Fds cmn (VONE) 1.8 $8.1M 94k 86.49
JPMorgan Chase & Co. (JPM) 1.7 $8.1M 133k 60.68
General Electric Company 1.6 $7.3M 281k 25.89
Google 1.6 $7.2M 6.5k 1112.85
Express Scripts Holding 1.5 $7.0M 96k 72.72
iShares Russell 2000 Index (IWM) 1.5 $6.8M 59k 115.10
Chevron Corporation (CVX) 1.3 $6.1M 51k 118.94
Wells Fargo & Company (WFC) 1.2 $5.7M 115k 49.73
Cognizant Technology Solutions (CTSH) 1.2 $5.6M 112k 50.59
iShares NASDAQ Biotechnology Index (IBB) 1.2 $5.6M 24k 236.39
Exxon Mobil Corporation (XOM) 1.2 $5.6M 57k 97.69
Boeing Company (BA) 1.2 $5.5M 44k 125.27
Schlumberger (SLB) 1.2 $5.5M 47k 118.43
Oracle Corporation (ORCL) 1.2 $5.5M 134k 40.91
Procter & Gamble Company (PG) 1.2 $5.4M 67k 80.60
Intercontinental Exchange (ICE) 1.2 $5.4M 27k 197.80
Comcast Corporation (CMCSA) 1.2 $5.4M 108k 50.04
Utilities SPDR (XLU) 1.1 $5.2M 125k 41.47
McDonald's Corporation (MCD) 1.1 $5.1M 52k 98.05
Halliburton Company (HAL) 1.0 $4.8M 81k 58.90
Pfizer (PFE) 1.0 $4.7M 148k 32.10
Walt Disney Company (DIS) 1.0 $4.7M 59k 80.07
E.I. du Pont de Nemours & Company 1.0 $4.7M 70k 67.10
CVS Caremark Corporation (CVS) 1.0 $4.7M 62k 74.86
Pepsi (PEP) 1.0 $4.6M 55k 83.52
Norfolk Southern (NSC) 0.9 $4.3M 45k 97.17
EMC Corporation 0.9 $4.3M 156k 27.41
Philip Morris International (PM) 0.9 $4.1M 50k 81.89
Honeywell International (HON) 0.9 $4.1M 44k 92.76
BlackRock (BLK) 0.9 $4.0M 13k 314.44
Coca-Cola Company (KO) 0.9 $4.0M 104k 38.67
Prudential Financial (PRU) 0.9 $4.0M 48k 84.64
United Technologies Corporation 0.9 $4.0M 34k 116.84
Starbucks Corporation (SBUX) 0.8 $3.9M 53k 73.37
Starwood Hotels & Resorts Worldwide 0.8 $3.8M 48k 79.59
Cisco Systems (CSCO) 0.8 $3.8M 171k 22.42
UnitedHealth (UNH) 0.8 $3.8M 46k 81.98
Vanguard REIT ETF (VNQ) 0.8 $3.8M 54k 70.64
Berkshire Hathaway (BRK.B) 0.8 $3.7M 29k 124.96
Wal-Mart Stores (WMT) 0.8 $3.6M 47k 76.44
Qualcomm (QCOM) 0.8 $3.6M 46k 78.86
Accenture (ACN) 0.8 $3.6M 44k 81.75
Covidien 0.8 $3.6M 49k 73.66
Mondelez Int (MDLZ) 0.8 $3.6M 105k 34.56
American Express Company (AXP) 0.8 $3.5M 39k 90.02
Vanguard Mid-Cap ETF (VO) 0.8 $3.5M 31k 113.54
Eaton (ETN) 0.8 $3.5M 47k 75.10
Abbott Laboratories (ABT) 0.8 $3.5M 90k 38.51
iShares MSCI EAFE Index Fund (EFA) 0.8 $3.5M 51k 67.72
MetLife (MET) 0.7 $3.3M 62k 52.79
Verizon Communications (VZ) 0.7 $3.3M 69k 47.58
Praxair 0.7 $3.2M 25k 130.97
At&t (T) 0.7 $3.2M 92k 35.07
National-Oilwell Var 0.7 $3.2M 41k 77.88
Lowe's Companies (LOW) 0.7 $3.2M 65k 48.89
Visa (V) 0.7 $3.2M 15k 215.88
Becton, Dickinson and (BDX) 0.7 $3.2M 269k 11.71
Celgene Corporation 0.7 $3.1M 23k 139.64
Monsanto Company 0.7 $3.0M 27k 113.77
Danaher Corporation (DHR) 0.6 $2.9M 39k 74.98
State Street Corporation (STT) 0.6 $2.9M 42k 69.55
F5 Networks (FFIV) 0.6 $2.8M 27k 106.63
iShares S&P 500 Index (IVV) 0.6 $2.8M 15k 187.98
Dick's Sporting Goods (DKS) 0.6 $2.7M 50k 54.60
Broadcom Corporation 0.6 $2.7M 85k 31.46
Cme (CME) 0.6 $2.6M 35k 73.99
Nike (NKE) 0.6 $2.6M 35k 73.84
Suncor Energy (SU) 0.6 $2.6M 74k 34.98
Nordstrom (JWN) 0.6 $2.5M 41k 62.45
U.S. Bancorp (USB) 0.5 $2.5M 58k 42.85
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.5 $2.4M 23k 105.47
Citigroup (C) 0.5 $2.4M 50k 47.59
Vanguard High Dividend Yield ETF (VYM) 0.5 $2.1M 33k 63.79
iShares S&P MidCap 400 Index (IJH) 0.3 $1.4M 10k 134.92
iShares S&P 500 Growth Index (IVW) 0.2 $1.1M 11k 99.55
Intel Corporation (INTC) 0.2 $887k 34k 25.84
Merck & Co (MRK) 0.2 $891k 16k 56.76
iShares S&P 500 Value Index (IVE) 0.2 $817k 9.4k 86.87
Rbc Cad (RY) 0.2 $780k 12k 66.01
Vanguard Small-Cap Value ETF (VBR) 0.2 $784k 7.9k 98.65
Vanguard Small-Cap Growth ETF (VBK) 0.2 $793k 6.7k 117.99
iShares 2015 S&P AMT-Free Mun Ser ETF 0.2 $789k 15k 53.02
Ecolab (ECL) 0.1 $713k 6.6k 108.03
Total (TTE) 0.1 $707k 11k 65.77
Abb (ABBNY) 0.1 $714k 28k 25.76
iShares Cohen & Steers Realty Maj. (ICF) 0.1 $693k 8.1k 85.81
Ishares Tr 2017 s^p amtfr 0.1 $702k 13k 55.18
Cardinal Health (CAH) 0.1 $645k 9.2k 69.97
Medtronic 0.1 $655k 11k 61.53
General Mills (GIS) 0.1 $668k 13k 51.82
Home Depot (HD) 0.1 $581k 7.4k 78.98
Emerson Electric (EMR) 0.1 $591k 8.8k 66.82
ConocoPhillips (COP) 0.1 $603k 8.6k 70.44
Royal Dutch Shell 0.1 $598k 8.2k 73.19
iShares Dow Jones Select Dividend (DVY) 0.1 $602k 8.2k 73.26
iShares S&P SmallCap 600 Index (IJR) 0.1 $607k 5.8k 105.16
Time Warner 0.1 $569k 8.7k 65.30
W.W. Grainger (GWW) 0.1 $536k 2.1k 252.83
Vanguard Europe Pacific ETF (VEA) 0.1 $552k 13k 41.90
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $538k 5.7k 93.97
Kraft Foods 0.1 $548k 9.8k 56.15
Novartis (NVS) 0.1 $498k 5.9k 85.03
CF Industries Holdings (CF) 0.1 $411k 1.6k 260.95
Southern Company (SO) 0.1 $369k 8.4k 43.95
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $384k 3.2k 118.45
Consolidated Edison (ED) 0.1 $320k 5.9k 53.81
International Business Machines (IBM) 0.1 $340k 1.8k 192.74
Nextera Energy (NEE) 0.1 $323k 3.4k 95.56
Gilead Sciences (GILD) 0.1 $329k 4.6k 70.91
TJX Companies (TJX) 0.1 $319k 5.3k 60.70
SIFCO Industries (SIF) 0.1 $339k 11k 30.52
Vanguard Emerging Markets ETF (VWO) 0.1 $308k 7.5k 41.15
iShares MSCI Emerging Markets Indx (EEM) 0.1 $300k 7.2k 41.59
Apache Corporation 0.1 $293k 3.5k 83.03
Colgate-Palmolive Company (CL) 0.1 $279k 4.3k 64.88
Vanguard Small-Cap ETF (VB) 0.1 $266k 2.4k 108.97
Mdu Res Goup 0.1 $273k 8.0k 34.34
Nucor Corporation (NUE) 0.1 $248k 4.9k 50.62
Duke Energy (DUK) 0.1 $248k 3.5k 71.24
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $208k 1.9k 108.28
Kinder Morgan (KMI) 0.0 $173k 5.3k 32.56
Spectra Energy Partners 0.0 $94k 1.7k 55.49
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $77k 685.00 112.41
Pacira Pharmaceuticals (PCRX) 0.0 $108k 1.5k 74.12
I Shares 2019 Etf 0.0 $108k 4.3k 25.15
NuStar Energy (NS) 0.0 $65k 1.1k 56.77
Oneok Partners 0.0 $25k 444.00 56.31
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.0 $32k 680.00 47.06
Vanguard Total Bond Market ETF (BND) 0.0 $59k 720.00 81.94
Liberty All-Star Equity Fund (USA) 0.0 $33k 5.8k 5.70
SPDR DJ Wilshire REIT (RWR) 0.0 $38k 463.00 82.07
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.0 $59k 564.00 104.61
WisdomTree Emerging Markets Eq (DEM) 0.0 $28k 560.00 50.00
Wisdomtree Tr em lcl debt (ELD) 0.0 $25k 542.00 46.13
iShares FTSE Developed Small Cap ex-Nor (IEUS) 0.0 $27k 573.00 47.12
iShares S&P Conservative Allocatn Fd ETF (AOK) 0.0 $32k 1.0k 32.00
Spartan Motors 0.0 $4.0k 742.00 5.39
PowerShares QQQ Trust, Series 1 0.0 $9.0k 100.00 90.00
iShares Russell 1000 Growth Index (IWF) 0.0 $8.0k 90.00 88.89
iShares Russell Midcap Index Fund (IWR) 0.0 $4.0k 24.00 166.67
iShares Russell 2000 Value Index (IWN) 0.0 $2.0k 17.00 117.65
iShares Russell 2000 Growth Index (IWO) 0.0 $2.0k 12.00 166.67
Vanguard Total Stock Market ETF (VTI) 0.0 $13k 139.00 93.53
Vanguard FTSE All-World ex-US ETF (VEU) 0.0 $7.0k 136.00 51.47
Adams Express Company (ADX) 0.0 $7.0k 528.00 13.26
iShares Barclays TIPS Bond Fund (TIP) 0.0 $10k 86.00 116.28
iShares MSCI BRIC Index Fund (BKF) 0.0 $4.0k 100.00 40.00
SPDR Barclays Capital High Yield B 0.0 $12k 293.00 40.96
John Hancock Patriot Premium Div Fund II (PDT) 0.0 $5.0k 405.00 12.35
John Hancock Hdg Eq & Inc (HEQ) 0.0 $6.0k 325.00 18.46
Directv 0.0 $12k 148.00 81.08
Abbvie (ABBV) 0.0 $20k 394.00 50.76
Google Inc Class C 0.0 $9.0k 18.00 500.00