Alerus Investment Advisors

Alerus Investment Advisors Corporation as of June 30, 2012

Portfolio Holdings for Alerus Investment Advisors Corporation

Alerus Investment Advisors Corporation holds 92 positions in its portfolio as reported in the June 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Rydex Russell Top 50 ETF 6.5 $25M 252k 100.52
Microsoft Corporation (MSFT) 5.1 $20M 661k 30.59
Utilities SPDR (XLU) 3.6 $14M 383k 36.99
Apple (AAPL) 3.4 $13M 23k 584.01
Exxon Mobil Corporation (XOM) 3.1 $12M 143k 85.57
Wells Fargo & Company (WFC) 2.4 $9.3M 278k 33.44
General Electric Company 2.3 $9.0M 430k 20.84
SPDR Gold Trust (GLD) 2.2 $8.6M 55k 155.20
Chevron Corporation (CVX) 2.0 $8.1M 76k 105.50
Abbott Laboratories (ABT) 2.0 $7.7M 120k 64.47
JPMorgan Chase & Co. (JPM) 1.9 $7.7M 214k 35.73
Philip Morris International (PM) 1.7 $6.8M 78k 87.26
Walt Disney Company (DIS) 1.7 $6.8M 141k 48.50
McDonald's Corporation (MCD) 1.7 $6.7M 76k 88.53
Intel Corporation (INTC) 1.7 $6.5M 245k 26.65
Pepsi (PEP) 1.7 $6.5M 92k 70.66
Google 1.7 $6.5M 11k 580.08
Johnson & Johnson (JNJ) 1.6 $6.4M 94k 67.56
Procter & Gamble Company (PG) 1.6 $6.3M 103k 61.25
Oracle Corporation (ORCL) 1.6 $6.2M 208k 29.70
At&t (T) 1.5 $6.0M 170k 35.66
EMC Corporation 1.5 $5.7M 223k 25.63
Apache Corporation 1.4 $5.5M 63k 87.89
CVS Caremark Corporation (CVS) 1.4 $5.4M 115k 46.73
Wal-Mart Stores (WMT) 1.4 $5.4M 77k 69.72
Spdr S&p 500 Etf (SPY) 1.4 $5.3M 39k 136.10
Cisco Systems (CSCO) 1.3 $5.3M 307k 17.17
Comcast Corporation (CMCSA) 1.3 $5.0M 158k 31.97
Cardinal Health (CAH) 1.3 $5.0M 118k 42.00
Visa (V) 1.2 $4.8M 39k 123.62
Verizon Communications (VZ) 1.2 $4.7M 106k 44.44
Berkshire Hathaway (BRK.B) 1.2 $4.6M 55k 83.33
Prudential Financial (PRU) 1.1 $4.5M 93k 48.43
Covidien 1.1 $4.4M 83k 53.50
American Express Company (AXP) 1.1 $4.4M 75k 58.21
Target Corporation (TGT) 1.1 $4.1M 71k 58.18
Norfolk Southern (NSC) 1.0 $4.0M 56k 71.76
Johnson Controls 1.0 $4.0M 145k 27.71
United Technologies Corporation 1.0 $4.0M 53k 75.54
UnitedHealth (UNH) 1.0 $3.9M 68k 58.50
Eaton Corporation 1.0 $3.9M 98k 39.63
Baxter International (BAX) 1.0 $3.8M 72k 53.15
E.I. du Pont de Nemours & Company 1.0 $3.8M 75k 50.57
Emerson Electric (EMR) 1.0 $3.8M 82k 46.58
Nike (NKE) 1.0 $3.8M 44k 87.78
Boeing Company (BA) 0.9 $3.7M 50k 74.31
Accenture (ACN) 0.9 $3.7M 62k 60.09
TJX Companies (TJX) 0.9 $3.6M 84k 42.93
Becton, Dickinson and (BDX) 0.9 $3.5M 47k 74.75
Express Scripts Holding 0.8 $3.3M 60k 55.82
Colgate-Palmolive Company (CL) 0.8 $3.3M 32k 104.12
Praxair 0.8 $3.3M 30k 108.73
Halliburton Company (HAL) 0.8 $3.2M 114k 28.39
State Street Corporation (STT) 0.8 $3.1M 70k 44.65
Broadcom Corporation 0.8 $3.1M 93k 33.76
Cognizant Technology Solutions (CTSH) 0.8 $3.1M 51k 59.99
National-Oilwell Var 0.8 $3.1M 48k 64.44
Expeditors International of Washington (EXPD) 0.8 $3.0M 78k 38.76
Teva Pharmaceutical Industries (TEVA) 0.7 $2.9M 73k 39.44
Baker Hughes Incorporated 0.7 $2.8M 69k 41.10
General Mills (GIS) 0.7 $2.8M 72k 38.55
BlackRock (BLK) 0.7 $2.6M 16k 169.79
General Dynamics Corporation (GD) 0.7 $2.6M 40k 65.97
Schlumberger (SLB) 0.7 $2.6M 39k 64.91
Kraft Foods 0.6 $2.5M 64k 38.63
ProShares UltraShort Euro (EUO) 0.6 $2.5M 118k 20.90
Mosaic (MOS) 0.6 $2.5M 46k 54.75
ProShares Short Russell2000 0.5 $2.0M 75k 26.55
Cme (CME) 0.5 $1.9M 7.2k 268.06
Altria (MO) 0.4 $1.7M 49k 34.54
First Advantage Ban (FABK) 0.4 $1.4M 106k 13.50
Monsanto Company 0.3 $1.4M 17k 82.78
Proshares Tr cmn 0.3 $1.4M 49k 28.04
Coca-Cola Company (KO) 0.2 $994k 13k 78.21
Medtronic 0.2 $729k 19k 38.74
SIFCO Industries (SIF) 0.2 $705k 31k 22.97
iShares Dow Jones Select Dividend (DVY) 0.2 $702k 13k 56.16
Ecolab (ECL) 0.1 $456k 6.7k 68.46
International Business Machines (IBM) 0.1 $489k 2.5k 195.68
W.W. Grainger (GWW) 0.1 $414k 2.2k 191.31
Home Depot (HD) 0.1 $386k 7.3k 52.94
Patterson Companies (PDCO) 0.1 $337k 9.8k 34.44
BP (BP) 0.1 $298k 7.4k 40.49
CF Industries Holdings (CF) 0.1 $305k 1.6k 193.65
Nextera Energy (NEE) 0.1 $240k 3.5k 68.71
Xcel Energy (XEL) 0.1 $238k 8.4k 28.44
iShares MSCI Emerging Markets Indx (EEM) 0.1 $191k 4.9k 39.22
U.S. Bancorp (USB) 0.1 $210k 6.5k 32.21
Black Hills Corporation (BKH) 0.1 $210k 6.5k 32.13
iShares MSCI EAFE Index Fund (EFA) 0.0 $91k 1.8k 50.14
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $61k 520.00 117.31
iShares Barclays TIPS Bond Fund (TIP) 0.0 $27k 225.00 120.00