Alerus Investment Advisors

Alerus Investment Advisors Corporation as of March 31, 2012

Portfolio Holdings for Alerus Investment Advisors Corporation

Alerus Investment Advisors Corporation holds 93 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Microsoft Corporation (MSFT) 6.3 $26M 807k 32.25
Spdr S&p 500 Etf (SPY) 5.5 $23M 160k 140.81
Apple (AAPL) 3.5 $14M 24k 599.57
Utilities SPDR (XLU) 3.1 $13M 361k 35.05
Exxon Mobil Corporation (XOM) 3.0 $12M 141k 86.73
Wells Fargo & Company (WFC) 2.5 $10M 303k 34.14
JPMorgan Chase & Co. (JPM) 2.5 $10M 224k 45.98
Rydex Russell Top 50 ETF 2.5 $10M 99k 103.12
General Electric Company 2.3 $9.6M 478k 20.07
SPDR Gold Trust (GLD) 1.9 $8.0M 49k 162.11
Chevron Corporation (CVX) 1.9 $7.8M 73k 107.21
Google 1.8 $7.6M 12k 641.19
Abbott Laboratories (ABT) 1.8 $7.5M 122k 61.29
McDonald's Corporation (MCD) 1.8 $7.2M 73k 98.10
Procter & Gamble Company (PG) 1.7 $7.0M 104k 67.21
Intel Corporation (INTC) 1.7 $6.9M 246k 28.12
Philip Morris International (PM) 1.7 $6.8M 77k 88.61
EMC Corporation 1.6 $6.7M 225k 29.88
Walt Disney Company (DIS) 1.6 $6.6M 150k 43.78
Johnson & Johnson (JNJ) 1.5 $6.0M 92k 65.96
Oracle Corporation (ORCL) 1.5 $6.1M 208k 29.16
American Express Company (AXP) 1.4 $5.8M 100k 57.86
Cardinal Health (CAH) 1.4 $5.6M 130k 43.11
Apache Corporation 1.4 $5.6M 56k 100.44
Cisco Systems (CSCO) 1.3 $5.5M 259k 21.15
At&t (T) 1.3 $5.2M 166k 31.23
CVS Caremark Corporation (CVS) 1.2 $5.1M 114k 44.80
Berkshire Hathaway (BRK.B) 1.2 $5.0M 61k 81.14
Pepsi (PEP) 1.2 $4.9M 74k 66.35
General Mills (GIS) 1.2 $4.8M 123k 39.45
Covidien 1.1 $4.7M 86k 54.68
Prudential Financial (PRU) 1.1 $4.7M 74k 63.39
Wal-Mart Stores (WMT) 1.1 $4.6M 75k 61.20
UnitedHealth (UNH) 1.1 $4.6M 78k 58.94
Nike (NKE) 1.1 $4.5M 41k 108.44
Baxter International (BAX) 1.1 $4.4M 73k 59.78
Eaton Corporation 1.1 $4.4M 88k 49.83
Visa (V) 1.0 $4.3M 36k 118.00
Verizon Communications (VZ) 1.0 $4.2M 110k 38.23
United Technologies Corporation 1.0 $4.2M 50k 82.94
Target Corporation (TGT) 1.0 $4.0M 68k 58.27
Principal Financial (PFG) 1.0 $3.9M 134k 29.51
E.I. du Pont de Nemours & Company 1.0 $4.0M 75k 52.90
Praxair 0.9 $3.9M 34k 114.65
Johnson Controls 0.9 $3.9M 119k 32.48
Boeing Company (BA) 0.9 $3.8M 51k 74.37
Emerson Electric (EMR) 0.9 $3.7M 72k 52.19
Cognizant Technology Solutions (CTSH) 0.9 $3.7M 48k 76.95
Becton, Dickinson and (BDX) 0.9 $3.7M 47k 77.66
Accenture (ACN) 0.9 $3.5M 55k 64.50
Expeditors International of Washington (EXPD) 0.8 $3.5M 75k 46.51
Norfolk Southern (NSC) 0.8 $3.5M 53k 65.82
Market Vectors Etf Tr retail etf 0.8 $3.4M 81k 41.89
TJX Companies (TJX) 0.8 $3.3M 84k 39.71
State Street Corporation (STT) 0.8 $3.3M 72k 45.50
Teva Pharmaceutical Industries (TEVA) 0.8 $3.2M 72k 45.07
National-Oilwell Var 0.8 $3.2M 40k 79.47
Colgate-Palmolive Company (CL) 0.8 $3.2M 33k 97.78
Baker Hughes Incorporated 0.8 $3.2M 76k 41.94
General Dynamics Corporation (GD) 0.8 $3.1M 43k 73.39
Broadcom Corporation 0.8 $3.1M 80k 39.30
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.7 $3.0M 36k 84.33
ProShares UltraShort Euro (EUO) 0.6 $2.4M 124k 18.97
Schlumberger (SLB) 0.5 $2.2M 32k 69.94
Comcast Corporation (CMCSA) 0.5 $2.0M 68k 30.01
Cme (CME) 0.5 $2.1M 7.1k 289.27
Halliburton Company (HAL) 0.5 $2.0M 60k 33.19
ProShares Short Russell2000 0.5 $1.9M 75k 26.07
Mosaic (MOS) 0.5 $1.9M 34k 55.28
Altria (MO) 0.4 $1.6M 51k 30.87
First Advantage Ban (FABK) 0.3 $1.4M 106k 13.00
Proshares Tr cmn 0.3 $1.3M 49k 26.98
Market Vectors Oil Service Etf 0.2 $975k 24k 40.62
Coca-Cola Company (KO) 0.2 $941k 13k 74.04
Monsanto Company 0.2 $941k 12k 79.75
BlackRock (BLK) 0.2 $790k 3.9k 204.82
Medtronic 0.2 $738k 19k 39.21
Paccar (PCAR) 0.2 $752k 16k 46.84
iShares Lehman Aggregate Bond (AGG) 0.1 $615k 5.6k 109.82
iShares Dow Jones Select Dividend (DVY) 0.1 $628k 11k 55.97
SIFCO Industries (SIF) 0.1 $575k 31k 18.73
International Business Machines (IBM) 0.1 $529k 2.5k 208.76
Patterson Companies (PDCO) 0.1 $494k 15k 33.41
W.W. Grainger (GWW) 0.1 $465k 2.2k 214.88
PowerShares DB Com Indx Trckng Fund 0.1 $436k 15k 28.78
Ecolab (ECL) 0.1 $407k 6.6k 61.67
Home Depot (HD) 0.1 $363k 7.2k 50.28
BP (BP) 0.1 $331k 7.4k 44.98
ConocoPhillips (COP) 0.1 $320k 4.2k 75.92
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $318k 3.5k 90.86
CF Industries Holdings (CF) 0.1 $288k 1.6k 182.86
Nucor Corporation (NUE) 0.1 $210k 4.9k 42.87
Black Hills Corporation (BKH) 0.1 $219k 6.5k 33.51