Alerus Investment Advisors as of Sept. 30, 2013
Portfolio Holdings for Alerus Investment Advisors
Alerus Investment Advisors holds 165 positions in its portfolio as reported in the September 2013 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Spdr S&p 500 Etf (SPY) | 7.6 | $38M | 227k | 168.01 | |
| Apple Computer | 3.2 | $16M | 34k | 476.76 | |
| Microsoft Corporation (MSFT) | 2.1 | $10M | 313k | 33.28 | |
| JPMorgan Chase & Co. (JPM) | 1.9 | $9.8M | 190k | 51.69 | |
| Wells Fargo & Company (WFC) | 1.9 | $9.8M | 237k | 41.32 | |
| General Electric Company | 1.9 | $9.5M | 398k | 23.89 | |
| iShares S&P 500 Index (IVV) | 1.8 | $8.8M | 52k | 168.93 | |
| Chevron Corporation (CVX) | 1.7 | $8.7M | 72k | 121.50 | |
| 1.5 | $7.7M | 8.8k | 875.89 | ||
| Prudential Financial (PRU) | 1.5 | $7.7M | 98k | 77.99 | |
| Target Corporation (TGT) | 1.5 | $7.6M | 119k | 63.98 | |
| iShares NASDAQ Biotechnology Index (IBB) | 1.5 | $7.6M | 36k | 209.60 | |
| Johnson & Johnson (JNJ) | 1.5 | $7.5M | 86k | 86.70 | |
| Vanguard REIT ETF (VNQ) | 1.5 | $7.3M | 111k | 66.13 | |
| Walt Disney Company (DIS) | 1.4 | $7.3M | 113k | 64.49 | |
| Eaton (ETN) | 1.4 | $7.2M | 105k | 68.84 | |
| Berkshire Hath-cl B | 1.4 | $7.1M | 63k | 113.52 | |
| Utilities SPDR (XLU) | 1.4 | $7.1M | 189k | 37.37 | |
| Exxon Mobil Corporation (XOM) | 1.4 | $7.0M | 81k | 86.04 | |
| Procter & Gamble Company (PG) | 1.4 | $7.0M | 92k | 75.59 | |
| EMC Corporation | 1.4 | $6.9M | 272k | 25.56 | |
| Express Scripts Holding | 1.4 | $6.9M | 112k | 61.80 | |
| Mondelez Int (MDLZ) | 1.4 | $6.9M | 218k | 31.42 | |
| McDonald's Corporation (MCD) | 1.3 | $6.7M | 70k | 96.21 | |
| Cognizant Technology Solutions (CTSH) | 1.3 | $6.7M | 81k | 82.12 | |
| Comcast Corporation (CMCSA) | 1.3 | $6.7M | 148k | 45.12 | |
| Vanguard S&p 500 | 1.3 | $6.6M | 86k | 77.00 | |
| Pfizer (PFE) | 1.2 | $6.2M | 217k | 28.72 | |
| Starwood Hotels & Resorts Worldwide | 1.2 | $6.0M | 91k | 66.46 | |
| Halliburton Company (HAL) | 1.2 | $5.9M | 123k | 48.15 | |
| Nike (NKE) | 1.2 | $5.8M | 80k | 72.65 | |
| American Express | 1.1 | $5.8M | 76k | 75.53 | |
| Cisco Systems (CSCO) | 1.1 | $5.6M | 239k | 23.43 | |
| iShares IBoxx $ Invest Grade Corp Bd (LQD) | 1.1 | $5.5M | 48k | 113.53 | |
| E.I. du Pont de Nemours & Company | 1.1 | $5.4M | 93k | 58.57 | |
| United Technologies Corporation | 1.1 | $5.4M | 50k | 107.83 | |
| iShares MSCI EAFE Index Fund (EFA) | 1.1 | $5.3M | 84k | 63.79 | |
| Philip Morris International (PM) | 1.0 | $5.2M | 60k | 86.60 | |
| CVS Caremark Corporation (CVS) | 1.0 | $5.2M | 91k | 56.75 | |
| Apache Corp Com Stk | 1.0 | $5.0M | 59k | 85.15 | |
| Honeywell International (HON) | 1.0 | $4.9M | 60k | 83.05 | |
| Pepsi (PEP) | 1.0 | $5.0M | 62k | 79.51 | |
| Oracle Corporation (ORCL) | 1.0 | $4.9M | 147k | 33.17 | |
| BlackRock | 1.0 | $4.8M | 18k | 270.63 | |
| Wal-Mart Stores (WMT) | 1.0 | $4.8M | 65k | 73.96 | |
| Schlumberger (SLB) | 0.9 | $4.7M | 54k | 88.36 | |
| State Street Corporation (STT) | 0.9 | $4.7M | 72k | 65.75 | |
| Boeing | 0.9 | $4.7M | 40k | 117.51 | |
| Norfolk Southern (NSC) | 0.9 | $4.6M | 60k | 77.35 | |
| Cardinal Health (CAH) | 0.9 | $4.5M | 87k | 52.15 | |
| U.S. Bancorp (USB) | 0.9 | $4.5M | 122k | 36.58 | |
| National-Oilwell Var | 0.9 | $4.5M | 57k | 78.11 | |
| UnitedHealth (UNH) | 0.9 | $4.5M | 63k | 71.60 | |
| Verizon Communications (VZ) | 0.9 | $4.4M | 95k | 46.68 | |
| Qualcomm (QCOM) | 0.9 | $4.4M | 66k | 67.32 | |
| TJX Companies (TJX) | 0.9 | $4.4M | 78k | 56.39 | |
| At&t (T) | 0.9 | $4.3M | 166k | 25.85 | |
| Coca-Cola Company (KO) | 0.8 | $4.2M | 111k | 37.88 | |
| Abbott Laboratories | 0.8 | $4.1M | 125k | 33.19 | |
| Visa (V) | 0.8 | $4.2M | 22k | 191.10 | |
| Covidien | 0.8 | $4.1M | 68k | 60.93 | |
| Danaher Corporation (DHR) | 0.8 | $4.1M | 59k | 69.32 | |
| Praxair | 0.8 | $4.1M | 34k | 120.22 | |
| Accenture (ACN) | 0.8 | $4.0M | 55k | 73.64 | |
| iShares Dow Jones Select Dividend (DVY) | 0.8 | $4.0M | 60k | 66.33 | |
| Monsanto Company | 0.8 | $3.9M | 37k | 104.38 | |
| iShares Russell 2000 Index (IWM) | 0.8 | $3.8M | 36k | 106.64 | |
| BECTON DICKINSON & CO Com Stk | 0.8 | $3.8M | 38k | 100.02 | |
| iShares Lehman Aggregate Bond (AGG) | 0.8 | $3.7M | 35k | 107.19 | |
| Suncor Energy (SU) | 0.7 | $3.6M | 101k | 35.78 | |
| F5 Networks (FFIV) | 0.7 | $3.4M | 40k | 85.79 | |
| Cme (CME) | 0.7 | $3.4M | 46k | 73.88 | |
| Broadcom Corporation | 0.6 | $3.1M | 119k | 26.02 | |
| Teva Pharmaceutical Industries (TEVA) | 0.5 | $2.7M | 71k | 37.78 | |
| Vanguard Small-Cap ETF (VB) | 0.5 | $2.7M | 27k | 102.49 | |
| Vanguard Europe Pacific ETF (VEA) | 0.5 | $2.6M | 67k | 39.58 | |
| iShares S&P MidCap 400 Index (IJH) | 0.4 | $2.0M | 16k | 124.12 | |
| iShares iBoxx $ High Yid Corp Bond (HYG) | 0.3 | $1.6M | 18k | 91.58 | |
| Vanguard High Dividend Yield ETF (VYM) | 0.3 | $1.6M | 28k | 57.48 | |
| iShares MSCI Emerging Markets Indx (EEM) | 0.3 | $1.5M | 36k | 40.75 | |
| Altria (MO) | 0.3 | $1.4M | 42k | 34.35 | |
| iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) | 0.3 | $1.4M | 13k | 105.30 | |
| Vanguard Mid-Cap ETF (VO) | 0.3 | $1.3M | 13k | 102.52 | |
| iShares Barclays TIPS Bond Fund (TIP) | 0.2 | $1.3M | 11k | 112.51 | |
| CurrencyShares Japanese Yen Trust | 0.2 | $1.3M | 13k | 99.45 | |
| Ultrapro Short S&p 500 Proshar | 0.2 | $1.2M | 58k | 20.75 | |
| iShares 2015 S&P AMT-Free Mun Ser ETF | 0.2 | $1.0M | 20k | 53.20 | |
| First Advantage Ban (FABK) | 0.2 | $984k | 79k | 12.51 | |
| ConocoPhillips (COP) | 0.2 | $807k | 12k | 69.57 | |
| General Mills (GIS) | 0.2 | $795k | 17k | 47.91 | |
| Vanguard Small-Cap Growth ETF (VBK) | 0.1 | $703k | 6.1k | 114.50 | |
| Ecolab (ECL) | 0.1 | $652k | 6.6k | 98.79 | |
| Intel Corporation (INTC) | 0.1 | $660k | 29k | 22.92 | |
| Merck & Co (MRK) | 0.1 | $635k | 13k | 47.62 | |
| iShares S&P 500 Growth Index (IVW) | 0.1 | $628k | 7.0k | 89.36 | |
| SPDR S&P International Small Cap (GWX) | 0.1 | $628k | 19k | 32.68 | |
| iShares FTSE Developed Small Cap ex-Nor (IEUS) | 0.1 | $643k | 15k | 42.28 | |
| Emerson Electric (EMR) | 0.1 | $589k | 9.1k | 64.62 | |
| Rbc Cad (RY) | 0.1 | $579k | 9.0k | 64.25 | |
| Vanguard Small-Cap Value ETF (VBR) | 0.1 | $627k | 6.9k | 90.23 | |
| iShares Cohen & Steers Realty Maj. (ICF) | 0.1 | $598k | 7.8k | 76.89 | |
| Home Depot (HD) | 0.1 | $566k | 7.5k | 75.77 | |
| W.W. Grainger (GWW) | 0.1 | $566k | 2.2k | 261.55 | |
| Medtronic | 0.1 | $567k | 11k | 53.26 | |
| International Business Machines (IBM) | 0.1 | $569k | 3.1k | 185.22 | |
| Abb Ltd- | 0.1 | $517k | 22k | 23.62 | |
| iShares S&P SmallCap 600 Index (IJR) | 0.1 | $377k | 3.8k | 99.89 | |
| Abbvie (ABBV) | 0.1 | $406k | 9.0k | 45.00 | |
| Total (TTE) | 0.1 | $364k | 6.3k | 57.84 | |
| CF Industries Holdings (CF) | 0.1 | $332k | 1.6k | 210.79 | |
| SIFCO Industries (SIF) | 0.1 | $360k | 20k | 18.41 | |
| Gilead Sciences (GILD) | 0.1 | $292k | 4.6k | 62.93 | |
| IntercontinentalEx.. | 0.1 | $280k | 1.5k | 181.23 | |
| BLACK HILLS CORP COM Stk | 0.1 | $326k | 6.5k | 49.88 | |
| Consolidated Edison (ED) | 0.1 | $246k | 4.5k | 55.18 | |
| Nucor Corporation (NUE) | 0.1 | $240k | 4.9k | 48.99 | |
| MDU Resources (MDU) | 0.1 | $227k | 8.1k | 27.97 | |
| Colgate-Palmolive Company (CL) | 0.1 | $255k | 4.3k | 59.30 | |
| Nextera Energy (NEE) | 0.1 | $271k | 3.4k | 80.18 | |
| Southern Company (SO) | 0.1 | $235k | 5.7k | 41.09 | |
| Vanguard Total Stock Market ETF (VTI) | 0.1 | $237k | 2.7k | 87.58 | |
| Vanguard Total Bond Market ETF (BND) | 0.1 | $275k | 3.4k | 81.00 | |
| ProShares UltraShort Euro (EUO) | 0.1 | $270k | 15k | 17.73 | |
| iShares S&P 500 Value Index (IVE) | 0.0 | $185k | 2.4k | 78.42 | |
| iShares S&P Natl AMTFr Mncpl Bd (MUB) | 0.0 | $201k | 1.9k | 104.63 | |
| Vanguard Emerging Markets ETF (VWO) | 0.0 | $198k | 4.9k | 40.16 | |
| Ishares Tr 2017 s^p amtfr | 0.0 | $130k | 2.4k | 54.99 | |
| Boardwalk Pipeline | 0.0 | $76k | 2.5k | 30.52 | |
| NuStar Energy | 0.0 | $46k | 1.1k | 40.17 | |
| Spectra Energy Partners | 0.0 | $74k | 1.7k | 43.68 | |
| WisdomTree Emerging Mkts Small Cp Div (DGS) | 0.0 | $62k | 1.3k | 46.79 | |
| Vanguard Growth ETF (VUG) | 0.0 | $40k | 476.00 | 84.03 | |
| Vanguard Dividend Appreciation ETF (VIG) | 0.0 | $48k | 694.00 | 69.16 | |
| Liberty All-Star Equity Fund (USA) | 0.0 | $30k | 5.6k | 5.36 | |
| SPDR DJ Wilshire REIT (RWR) | 0.0 | $34k | 463.00 | 73.43 | |
| iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) | 0.0 | $75k | 685.00 | 109.49 | |
| iShares S&P/Citi Intl Treasury Bond (IGOV) | 0.0 | $30k | 300.00 | 100.00 | |
| WisdomTree Emerging Markets Eq (DEM) | 0.0 | $50k | 970.00 | 51.55 | |
| Wisdomtree Tr em lcl debt (ELD) | 0.0 | $26k | 542.00 | 47.97 | |
| iShares S&P Conservative Allocatn Fd ETF (AOK) | 0.0 | $31k | 1.0k | 31.00 | |
| Pacira Pharmaceuticals (PCRX) | 0.0 | $70k | 1.5k | 48.04 | |
| Spectra Energy | 0.0 | $9.0k | 270.00 | 33.33 | |
| Commercial Metals Company (CMC) | 0.0 | $1.0k | 50.00 | 20.00 | |
| Royal Dutch Shell | 0.0 | $10k | 158.00 | 63.29 | |
| Ford Motor Company (F) | 0.0 | $7.0k | 400.00 | 17.50 | |
| Spartan Motors | 0.0 | $5.0k | 742.00 | 6.74 | |
| Oneok Partners | 0.0 | $24k | 444.00 | 54.05 | |
| PowerShares QQQ Trust, Series 1 | 0.0 | $17k | 425.00 | 40.00 | |
| iShares Russell 1000 Growth Index (IWF) | 0.0 | $8.0k | 102.00 | 78.43 | |
| iShares S&P 100 Index (OEF) | 0.0 | $12k | 160.00 | 75.00 | |
| iShares Russell Midcap Index Fund (IWR) | 0.0 | $3.0k | 24.00 | 125.00 | |
| iShares Russell 2000 Value Index (IWN) | 0.0 | $2.0k | 27.00 | 74.07 | |
| iShares Russell 2000 Growth Index (IWO) | 0.0 | $2.0k | 19.00 | 105.26 | |
| Vanguard FTSE All-World ex-US ETF (VEU) | 0.0 | $4.0k | 86.00 | 46.51 | |
| SPDR Barclays Capital Intl Tresy Bd ETF (BWX) | 0.0 | $12k | 200.00 | 60.00 | |
| Vanguard Information Technology ETF (VGT) | 0.0 | $11k | 140.00 | 78.57 | |
| iShares MSCI BRIC Index Fund (BKF) | 0.0 | $4.0k | 100.00 | 40.00 | |
| John Hancock Patriot Premium Div Fund II (PDT) | 0.0 | $5.0k | 405.00 | 12.35 | |
| Nuveen Tax-Advantaged Dividend Growth | 0.0 | $12k | 800.00 | 15.00 | |
| Western Asset Municipal Hgh Incm Fnd (MHF) | 0.0 | $4.0k | 600.00 | 6.67 | |
| BlackRock MuniYield Michigan Insured Fnd (MIY) | 0.0 | $4.0k | 300.00 | 13.33 | |
| Adams Express | 0.0 | $6.0k | 501.00 | 11.98 | |
| John Hancock Hdg Eq & Inc (HEQ) | 0.0 | $5.0k | 325.00 | 15.38 | |
| Duke Energy (DUK) | 0.0 | $9.0k | 132.00 | 68.18 | |
| Directv | 0.0 | $9.0k | 148.00 | 60.81 |
