Alerus Financial

Alerus Financial as of Dec. 31, 2010

Portfolio Holdings for Alerus Financial

Alerus Financial holds 93 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Mid-Cap Value ETF (VOE) 6.2 $24M 447k 53.01
Microsoft Corporation (MSFT) 6.0 $23M 823k 27.91
Vanguard Mid-Cap Growth ETF (VOT) 5.4 $21M 331k 62.30
Hewlett-Packard Company 3.0 $11M 270k 42.10
General Electric Company 2.4 $9.0M 493k 18.29
Apple (AAPL) 2.2 $8.4M 26k 322.57
JPMorgan Chase & Co. (JPM) 2.1 $8.2M 193k 42.42
Wells Fargo & Company (WFC) 2.1 $8.1M 260k 30.99
Abbott Laboratories (ABT) 1.9 $7.4M 154k 47.91
Procter & Gamble Company (PG) 1.9 $7.3M 113k 64.33
Apache Corporation 1.6 $6.3M 53k 119.23
Bank of America Corporation (BAC) 1.6 $6.1M 455k 13.34
General Dynamics Corporation (GD) 1.6 $6.0M 84k 70.96
Chevron Corporation (CVX) 1.6 $5.9M 65k 91.25
AFLAC Incorporated (AFL) 1.5 $5.9M 104k 56.43
Kohl's Corporation (KSS) 1.5 $5.8M 107k 54.34
Intel Corporation (INTC) 1.5 $5.6M 267k 21.03
American Express Company (AXP) 1.4 $5.5M 128k 42.92
Google 1.4 $5.5M 9.2k 594.01
Cisco Systems (CSCO) 1.4 $5.4M 268k 20.23
United Technologies Corporation 1.4 $5.3M 67k 78.72
Peabody Energy Corporation 1.4 $5.3M 82k 63.98
Exxon Mobil Corporation (XOM) 1.4 $5.2M 72k 73.13
Pepsi (PEP) 1.3 $5.0M 76k 65.34
Oracle Corporation (ORCL) 1.3 $5.0M 158k 31.30
Principal Financial (PFG) 1.3 $4.9M 151k 32.56
State Street Corporation (STT) 1.3 $4.8M 104k 46.34
CVS Caremark Corporation (CVS) 1.2 $4.8M 137k 34.77
Walt Disney Company (DIS) 1.2 $4.8M 127k 37.51
EMC Corporation 1.2 $4.8M 208k 22.90
At&t (T) 1.2 $4.6M 158k 29.38
Baxter International (BAX) 1.2 $4.5M 89k 50.62
Boeing Company (BA) 1.2 $4.5M 69k 65.26
Merck & Co (MRK) 1.2 $4.5M 124k 36.04
Philip Morris International (PM) 1.2 $4.5M 77k 58.53
Wal-Mart Stores (WMT) 1.2 $4.4M 82k 53.93
Spdr S&p 500 Etf (SPY) 1.2 $4.5M 36k 125.75
Teva Pharmaceutical Industries (TEVA) 1.1 $4.2M 81k 52.13
Target Corporation (TGT) 1.1 $4.2M 70k 60.14
Becton, Dickinson and (BDX) 1.1 $4.0M 48k 84.52
E.I. du Pont de Nemours & Company 1.0 $3.9M 78k 49.89
Prudential Financial (PRU) 1.0 $3.7M 62k 58.71
Verizon Communications (VZ) 0.9 $3.6M 101k 35.78
Baker Hughes Incorporated 0.9 $3.5M 62k 57.16
PG&E Corporation (PCG) 0.9 $3.4M 72k 47.84
Praxair 0.9 $3.3M 35k 95.47
International Game Technology 0.8 $3.3M 185k 17.69
Medco Health Solutions 0.8 $3.2M 53k 61.27
Norfolk Southern (NSC) 0.8 $3.1M 50k 62.82
Amazon (AMZN) 0.8 $3.1M 17k 180.00
Transocean (RIG) 0.8 $3.1M 44k 69.51
C.R. Bard 0.8 $3.1M 33k 91.77
TJX Companies (TJX) 0.8 $3.1M 69k 44.39
Clorox Company (CLX) 0.8 $3.0M 48k 63.28
Expeditors International of Washington (EXPD) 0.8 $3.0M 54k 54.60
Noble Corporation Com Stk 0.8 $2.9M 82k 35.77
National-Oilwell Var 0.8 $2.9M 43k 67.25
Entergy Corporation (ETR) 0.8 $2.9M 41k 70.82
Adobe Systems Incorporated (ADBE) 0.7 $2.8M 92k 30.77
Cognizant Technology Solutions (CTSH) 0.7 $2.7M 37k 73.29
Covidien 0.7 $2.7M 59k 45.66
ConocoPhillips (COP) 0.7 $2.7M 39k 68.11
Activision Blizzard 0.7 $2.7M 215k 12.44
Staples 0.7 $2.5M 111k 22.77
McDonald's Corporation (MCD) 0.6 $2.4M 31k 76.77
Cme (CME) 0.6 $2.2M 6.7k 321.77
General Mills (GIS) 0.6 $2.2M 62k 35.59
Rockwell Collins 0.5 $2.1M 36k 58.27
Nextera Energy (NEE) 0.5 $2.0M 39k 52.00
Colgate-Palmolive Company (CL) 0.5 $1.9M 23k 80.38
Monsanto Company 0.5 $1.8M 25k 69.65
Deere & Company (DE) 0.4 $1.6M 19k 83.05
First Advantage Ban (FABK) 0.4 $1.6M 126k 12.55
Darden Restaurants (DRI) 0.4 $1.5M 33k 46.45
Gilead Sciences (GILD) 0.3 $1.2M 32k 36.24
ProShares Short QQQ 0.3 $1.2M 33k 34.67
Allstate Corporation (ALL) 0.3 $1.0M 32k 31.88
Broadcom Corporation 0.3 $1.0M 23k 43.57
Aeropostale 0.2 $928k 38k 24.65
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.2 $866k 9.2k 94.13
Medtronic 0.2 $718k 19k 37.08
International Business Machines (IBM) 0.2 $632k 4.3k 146.67
Kellogg Company (K) 0.2 $614k 12k 51.10
SIFCO Industries (SIF) 0.2 $597k 37k 16.30
Allete (ALE) 0.1 $500k 13k 37.27
Patterson Companies (PDCO) 0.1 $398k 13k 30.62
Ecolab (ECL) 0.1 $340k 6.7k 50.45
W.W. Grainger (GWW) 0.1 $299k 2.2k 138.17
Home Depot (HD) 0.1 $258k 7.4k 35.01
Emerson Electric (EMR) 0.1 $253k 4.4k 57.19
Altria (MO) 0.1 $262k 11k 24.60
Nucor Corporation (NUE) 0.1 $215k 4.9k 43.89
Johnson & Johnson (JNJ) 0.1 $205k 3.3k 61.93