Alerus Investment Advisors

Alerus Investment Advisors as of Sept. 30, 2015

Portfolio Holdings for Alerus Investment Advisors

Alerus Investment Advisors holds 193 positions in its portfolio as reported in the September 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares Lehman Aggregate Bond (AGG) 12.5 $70M 643k 109.58
Vanguard S&p 500 Etf idx (VOO) 11.7 $66M 377k 175.71
iShares Russell 2000 Index (IWM) 5.2 $30M 270k 109.20
iShares Lehman 7-10 Yr Treas. Bond (IEF) 3.0 $17M 160k 107.87
Apple Computer 2.7 $15M 137k 110.31
Vanguard REIT ETF (VNQ) 2.6 $15M 192k 75.54
Spdr S&p 500 Etf (SPY) 2.1 $12M 61k 191.64
Vanguard Mid-Cap ETF (VO) 2.0 $11M 96k 116.66
iShares Russell Midcap Index Fund (IWR) 1.7 $9.7M 62k 155.57
Google 1.7 $9.5M 15k 638.40
Johnson & Johnson (JNJ) 1.6 $8.9M 96k 93.35
Microsoft Corporation (MSFT) 1.6 $8.9M 201k 44.26
Vanguard Scottsdale Fds cmn (VONE) 1.5 $8.4M 95k 88.41
Utilities SPDR (XLU) 1.4 $8.1M 187k 43.29
iShares NASDAQ Biotechnology Index (IBB) 1.4 $7.9M 26k 303.32
priceline.com Incorporated 1.4 $7.7M 6.2k 1236.70
General Electric Company 1.3 $7.4M 292k 25.22
JPMorgan Chase & Co. (JPM) 1.2 $6.8M 111k 60.97
Comcast Corporation (CMCSA) 1.1 $6.4M 112k 56.88
Pepsi (PEP) 1.0 $5.7M 60k 94.30
Medtronic (MDT) 1.0 $5.7M 85k 66.94
Cognizant Technology Solutions (CTSH) 1.0 $5.6M 90k 62.61
Berkshire Hath-cl B 1.0 $5.5M 42k 130.41
Honeywell International (HON) 0.9 $5.3M 56k 94.69
BlackRock (BLK) 0.9 $5.1M 17k 297.48
Verizon Communications (VZ) 0.9 $5.1M 117k 43.51
Exxon Mobil Corporation (XOM) 0.9 $5.0M 68k 74.35
Pfizer (PFE) 0.9 $4.9M 157k 31.40
Wells Fargo & Company (WFC) 0.8 $4.7M 92k 51.35
Philip Morris International (PM) 0.8 $4.7M 60k 79.33
Lowe's Companies (LOW) 0.8 $4.7M 69k 68.91
Oracle Corporation (ORCL) 0.8 $4.8M 132k 36.12
Boeing 0.8 $4.6M 35k 130.96
CVS Caremark Corporation (CVS) 0.8 $4.5M 47k 96.47
At&t (T) 0.8 $4.4M 134k 32.58
Cisco Systems (CSCO) 0.8 $4.3M 166k 26.25
Walt Disney Company (DIS) 0.7 $4.1M 41k 102.20
Coca-Cola Company (KO) 0.7 $4.1M 101k 40.12
Procter & Gamble Company (PG) 0.7 $4.0M 56k 71.95
Express Scripts Holding 0.7 $3.9M 49k 80.96
EMC Corporation 0.7 $3.9M 162k 24.16
Norfolk Southern (NSC) 0.7 $3.7M 49k 76.40
F5 Networks (FFIV) 0.7 $3.7M 32k 115.81
Allergan 0.7 $3.7M 13k 271.85
Dick's Sporting Goods (DKS) 0.6 $3.6M 73k 49.62
IntercontinentalEx.. 0.6 $3.6M 16k 234.96
Prudential Financial (PRU) 0.6 $3.6M 47k 76.22
Visa (V) 0.6 $3.6M 51k 69.67
Citigroup (C) 0.6 $3.5M 71k 49.60
Eaton (ETN) 0.6 $3.5M 69k 51.31
American Express 0.6 $3.4M 46k 74.13
Accenture (ACN) 0.6 $3.3M 33k 98.28
BECTON DICKINSON & CO Com Stk 0.6 $3.3M 25k 132.64
E.I. du Pont de Nemours & Company 0.6 $3.2M 67k 48.19
UnitedHealth (UNH) 0.6 $3.2M 28k 116.02
Danaher Corporation (DHR) 0.6 $3.2M 38k 85.20
Mondelez Int (MDLZ) 0.6 $3.1M 75k 41.88
Celgene Corporation 0.5 $3.1M 28k 108.20
McKesson Corporation (MCK) 0.5 $3.0M 16k 184.95
Cardinal Health (CAH) 0.5 $2.9M 37k 76.84
MetLife (MET) 0.5 $2.8M 60k 47.16
Starbucks Corporation (SBUX) 0.5 $2.8M 48k 56.84
State Street Corporation (STT) 0.5 $2.7M 40k 67.22
Zimmer Holdings (ZBH) 0.5 $2.7M 29k 93.95
Chevron Corporation (CVX) 0.5 $2.7M 34k 78.89
U.S. Bancorp (USB) 0.5 $2.6M 62k 41.03
Schlumberger (SLB) 0.5 $2.6M 37k 68.96
Cme (CME) 0.4 $2.5M 27k 92.76
Praxair 0.4 $2.5M 24k 101.90
Starwood Hotels & Resorts Worldwide 0.4 $2.5M 38k 66.49
Monsanto Company 0.4 $2.3M 27k 85.35
Nike (NKE) 0.3 $1.9M 15k 122.99
Qualcomm (QCOM) 0.3 $1.9M 36k 53.73
McDonald's Corporation (MCD) 0.3 $1.9M 19k 98.53
Energy Select Sector SPDR (XLE) 0.3 $1.8M 29k 61.20
Home Depot (HD) 0.3 $1.7M 15k 115.53
Vanguard Total Bond Market ETF (BND) 0.3 $1.7M 21k 81.93
Halliburton Company (HAL) 0.3 $1.6M 47k 35.34
Technology SPDR (XLK) 0.3 $1.6M 39k 39.51
iShares Dow Jones US Oil & Gas Exp. (IEO) 0.3 $1.5M 27k 55.46
Facebook Inc cl a (META) 0.3 $1.5M 17k 89.86
Consolidated Edison (ED) 0.3 $1.5M 22k 66.84
Nordstrom (JWN) 0.3 $1.5M 20k 71.67
Intel Corporation (INTC) 0.2 $1.4M 46k 30.13
General Mills (GIS) 0.2 $1.3M 24k 56.12
Rbc Cad (RY) 0.2 $1.2M 21k 55.28
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.2 $1.1M 9.2k 123.51
Emerson Electric (EMR) 0.2 $1.1M 25k 44.16
Merck & Co (MRK) 0.2 $1.0M 20k 49.35
Total (TTE) 0.2 $1.0M 23k 44.68
Southern Company (SO) 0.2 $942k 21k 44.70
Duke Energy (DUK) 0.2 $961k 13k 71.97
Twenty-first Century Fox 0.2 $935k 35k 26.97
International Business Machines (IBM) 0.2 $896k 6.2k 144.94
Consumer Discretionary SPDR (XLY) 0.2 $885k 12k 74.25
Ecolab (ECL) 0.1 $724k 6.6k 109.70
iShares Dow Jones Select Dividend (DVY) 0.1 $717k 9.9k 72.72
Kraft Heinz (KHC) 0.1 $726k 10k 70.55
United Parcel Service (UPS) 0.1 $608k 6.2k 98.70
ConocoPhillips (COP) 0.1 $545k 11k 48.00
W.W. Grainger (GWW) 0.1 $447k 2.1k 215.21
Gilead Sciences (GILD) 0.1 $456k 4.6k 98.28
Novartis (NVS) 0.1 $419k 4.6k 91.95
TJX Companies (TJX) 0.1 $369k 5.2k 71.30
Nextera Energy (NEE) 0.1 $330k 3.4k 97.63
Wisdomtree Tr intl hedge eqt (HEDJ) 0.1 $334k 6.1k 54.68
Dbx Etf Tr ex us hdg eqty (DBAW) 0.1 $337k 15k 22.62
Ishares Tr hdg msci eafe (HEFA) 0.1 $338k 14k 24.58
Ishares Tr hdg msci germn (HEWG) 0.1 $331k 15k 22.67
Colgate-Palmolive Company (CL) 0.1 $273k 4.3k 63.49
Ross Stores (ROST) 0.0 $216k 4.4k 48.56
Abbott Laboratories 0.0 $209k 5.2k 40.24
ProShares Short S&P500 0.0 $252k 11k 22.53
SIFCO Industries (SIF) 0.0 $120k 11k 11.32
Wal-Mart Stores (WMT) 0.0 $37k 565.00 65.49
Health Care SPDR (XLV) 0.0 $68k 1.0k 65.83
NuStar Energy (NS) 0.0 $51k 1.1k 44.54
Spectra Energy Partners 0.0 $68k 1.7k 40.14
iShares S&P 500 Growth Index (IVW) 0.0 $44k 411.00 107.06
iShares S&P 500 Value Index (IVE) 0.0 $81k 963.00 84.11
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $73k 685.00 106.57
Bemis 0.0 $58k 1.5k 39.70
Kinder Morgan (KMI) 0.0 $74k 2.7k 27.85
Sce Trust I 0.0 $39k 1.6k 24.38
Aegon 8.00% Non-cum Sub Nt Aek P referred 0.0 $44k 1.6k 27.50
General Electric Capital preferre 0.0 $40k 1.6k 25.00
Aflac Inc 5.5% p 0.0 $40k 1.6k 25.00
Eix 5.1 (SCE.PG) 0.0 $59k 2.5k 23.60
B B & T 0.0 $41k 1.6k 25.62
Gen Elec Cap Corp Nt preferre 0.0 $60k 2.4k 24.74
Psa 5 7/8 12/31/49 0.0 $60k 2.4k 25.53
State Street 0.0 $59k 2.4k 25.11
Allstate E Pfd Perptl preferred 0.0 $59k 2.2k 26.52
Chemours (CC) 0.0 $73k 11k 6.43
iShares MSCI Emerging Markets Indx (EEM) 0.0 $2.0k 75.00 26.67
Clean Harbors (CLH) 0.0 $7.0k 161.00 43.48
LKQ Corporation (LKQ) 0.0 $12k 415.00 28.92
Mid-America Apartment (MAA) 0.0 $7.0k 91.00 76.92
Manitowoc Company 0.0 $4.0k 289.00 13.84
iShares S&P 500 Index (IVV) 0.0 $8.0k 42.00 190.48
iShares MSCI EAFE Index Fund (EFA) 0.0 $4.0k 67.00 59.70
Advance Auto Parts (AAP) 0.0 $9.0k 45.00 200.00
Thor Industries (THO) 0.0 $6.0k 109.00 55.05
Dycom Industries (DY) 0.0 $10k 136.00 73.53
Spartan Motors 0.0 $3.0k 742.00 4.04
Mobile Mini 0.0 $5.0k 173.00 28.90
Oneok Partners 0.0 $13k 444.00 29.28
Werner Enterprises (WERN) 0.0 $6.0k 226.00 26.55
CenterState Banks 0.0 $8.0k 520.00 15.38
Genesee & Wyoming 0.0 $999.900000 22.00 45.45
Marten Transport (MRTN) 0.0 $4.0k 277.00 14.44
PowerShares QQQ Trust, Series 1 0.0 $10k 100.00 100.00
iShares Russell 1000 Growth Index (IWF) 0.0 $8.0k 87.00 91.95
Alcatel-lucent 0.0 $0 19.00 0.00
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $3.0k 27.00 111.11
iShares S&P MidCap 400 Index (IJH) 0.0 $2.0k 18.00 111.11
iShares S&P MidCap 400 Growth (IJK) 0.0 $0 3.00 0.00
Vanguard Small-Cap Value ETF (VBR) 0.0 $3.0k 33.00 90.91
Vanguard Europe Pacific ETF (VEA) 0.0 $2.0k 65.00 30.77
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $3.0k 31.00 96.77
Rand Logistics 0.0 $1.0k 378.00 2.65
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $15k 138.00 108.70
Vanguard Total Stock Market ETF (VTI) 0.0 $12k 121.00 99.17
Vanguard Emerging Markets ETF (VWO) 0.0 $2.0k 57.00 35.09
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.0 $4.0k 105.00 38.10
Vanguard FTSE All-World ex-US ETF (VEU) 0.0 $2.0k 50.00 40.00
iShares S&P SmallCap 600 Growth (IJT) 0.0 $0 4.00 0.00
Vanguard Small-Cap Growth ETF (VBK) 0.0 $4.0k 31.00 129.03
Vanguard Small-Cap ETF (VB) 0.0 $4.0k 35.00 114.29
iShares Barclays TIPS Bond Fund (TIP) 0.0 $2.0k 15.00 133.33
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $2.0k 23.00 86.96
Liberty All-Star Equity Fund (USA) 0.0 $7.0k 1.3k 5.26
Vanguard High Dividend Yield ETF (VYM) 0.0 $1.0k 10.00 100.00
SPDR DJ Wilshire REIT (RWR) 0.0 $6.0k 64.00 93.75
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.0 $6.0k 116.00 51.72
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.0 $999.990000 9.00 111.11
WisdomTree Emerging Markets Eq (DEM) 0.0 $3.0k 98.00 30.61
John Hancock Patriot Premium Div Fund II (PDT) 0.0 $5.0k 405.00 12.35
Wisdomtree Tr em lcl debt (ELD) 0.0 $4.0k 106.00 37.74
iShares FTSE Developed Small Cap ex-Nor (IEUS) 0.0 $2.0k 38.00 52.63
Abb Ltd- 0.0 $24k 1.4k 17.65
iShares S&P Conservative Allocatn Fd ETF (AOK) 0.0 $11k 335.00 32.84
Swift Transportation Company 0.0 $5.0k 334.00 14.97
Ishares Tr 2017 s^p amtfr 0.0 $20k 730.00 27.40
Pacira Pharmaceuticals (PCRX) 0.0 $24k 582.00 41.24
Cbre Clarion Global Real Estat re (IGR) 0.0 $0 6.00 0.00
Adams Express 0.0 $7.0k 564.00 12.41
John Hancock Hdg Eq & Inc (HEQ) 0.0 $5.0k 325.00 15.38
Intercontinental Exchange (ICE) 0.0 $999.990000 3.00 333.33
I Shares 2019 Etf 0.0 $16k 611.00 26.19
Ishares 2020 Amt-free Muni Bond Etf 0.0 $6.0k 234.00 25.64
Bio-key International 0.0 $0 1.3k 0.00
Birmingham Bloomfield Bancshares 0.0 $11k 1.3k 8.80