Alerus Investment Advisors

Alerus Investment Advisors as of June 30, 2014

Portfolio Holdings for Alerus Investment Advisors

Alerus Investment Advisors holds 161 positions in its portfolio as reported in the June 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard S&p 500 Etf idx (VOO) 13.0 $75M 419k 179.43
iShares Lehman Aggregate Bond (AGG) 10.2 $59M 539k 109.40
iShares Russell 2000 Index (IWM) 6.0 $35M 293k 118.81
Spdr S&p 500 Etf (SPY) 5.2 $30M 153k 195.72
Vanguard Mid-Cap ETF (VO) 2.6 $15M 130k 118.67
Apple (AAPL) 2.4 $14M 152k 92.93
Microsoft Corporation (MSFT) 2.0 $12M 281k 41.70
Johnson & Johnson (JNJ) 1.6 $9.1M 87k 104.62
Vanguard Scottsdale Fds cmn (VONE) 1.5 $8.5M 94k 90.48
iShares NASDAQ Biotechnology Index (IBB) 1.4 $8.0M 31k 257.01
JPMorgan Chase & Co. (JPM) 1.3 $7.6M 133k 57.62
General Electric Company 1.3 $7.4M 282k 26.28
Exxon Mobil Corporation (XOM) 1.3 $7.4M 73k 100.68
Chevron Corporation (CVX) 1.1 $6.6M 51k 130.55
Express Scripts Holding 1.1 $6.5M 94k 69.32
Schlumberger (SLB) 1.1 $6.5M 55k 117.97
Comcast Corporation (CMCSA) 1.0 $5.7M 107k 53.68
Halliburton Company (HAL) 1.0 $5.6M 79k 71.01
Google 1.0 $5.6M 9.6k 584.70
Boeing Company (BA) 0.9 $5.5M 43k 127.23
Utilities SPDR (XLU) 0.9 $5.5M 123k 44.26
Wells Fargo & Company (WFC) 0.9 $5.3M 101k 52.56
Procter & Gamble Company (PG) 0.9 $5.3M 67k 78.58
IntercontinentalEx.. 0.9 $5.3M 28k 188.90
Visa (V) 0.8 $5.0M 24k 210.72
Pepsi (PEP) 0.8 $4.9M 55k 89.34
Cognizant Technology Solutions (CTSH) 0.8 $4.8M 97k 48.91
Starbucks Corporation (SBUX) 0.8 $4.8M 62k 77.39
Norfolk Southern (NSC) 0.8 $4.7M 46k 103.03
Oracle Corporation (ORCL) 0.8 $4.7M 116k 40.53
E.I. du Pont de Nemours & Company 0.8 $4.6M 70k 65.44
Coca-Cola Company (KO) 0.8 $4.4M 104k 42.37
Pfizer (PFE) 0.8 $4.4M 149k 29.68
Walt Disney Company (DIS) 0.8 $4.4M 52k 85.75
Philip Morris International (PM) 0.7 $4.3M 51k 84.30
Prudential Financial (PRU) 0.7 $4.3M 48k 88.77
Cisco Systems (CSCO) 0.7 $4.2M 167k 24.85
EMC Corporation 0.7 $4.1M 157k 26.34
BlackRock (BLK) 0.7 $4.0M 13k 319.61
Honeywell International (HON) 0.7 $4.1M 44k 92.95
Vanguard REIT ETF (VNQ) 0.7 $4.0M 54k 74.82
Mondelez Int (MDLZ) 0.7 $4.0M 106k 37.60
United Technologies Corporation 0.7 $3.9M 34k 115.47
Starwood Hotels & Resorts Worldwide 0.7 $3.9M 49k 80.82
CVS Caremark Corporation (CVS) 0.7 $3.9M 52k 75.37
Abbott Laboratories (ABT) 0.7 $3.8M 94k 40.91
Verizon Communications (VZ) 0.7 $3.8M 78k 48.93
American Express Company (AXP) 0.7 $3.7M 40k 94.89
Berkshire Hathaway (BRK.B) 0.7 $3.7M 30k 126.54
UnitedHealth (UNH) 0.7 $3.8M 46k 81.74
priceline.com Incorporated 0.7 $3.8M 3.1k 1203.06
Google Inc Class C 0.7 $3.8M 6.6k 575.15
At&t (T) 0.6 $3.7M 105k 35.36
Qualcomm (QCOM) 0.6 $3.7M 47k 79.19
Eaton (ETN) 0.6 $3.7M 48k 77.17
F5 Networks (FFIV) 0.6 $3.7M 33k 111.42
Cme (CME) 0.6 $3.5M 50k 70.93
Wal-Mart Stores (WMT) 0.6 $3.6M 47k 75.06
iShares MSCI EAFE Index Fund (EFA) 0.6 $3.5M 51k 68.38
Lowe's Companies (LOW) 0.6 $3.4M 71k 48.00
MetLife (MET) 0.6 $3.4M 62k 55.57
National-Oilwell Var 0.6 $3.3M 41k 82.35
Monsanto Company 0.6 $3.3M 27k 124.72
Praxair 0.6 $3.3M 25k 132.84
Accenture (ACN) 0.6 $3.3M 41k 80.86
Becton, Dickinson and (BDX) 0.6 $3.2M 27k 118.30
Danaher Corporation (DHR) 0.5 $3.1M 40k 78.74
Suncor Energy (SU) 0.5 $3.2M 74k 42.62
Dick's Sporting Goods (DKS) 0.5 $2.9M 63k 46.56
iShares S&P 500 Index (IVV) 0.5 $2.9M 15k 196.98
State Street Corporation (STT) 0.5 $2.8M 42k 67.27
Nordstrom (JWN) 0.5 $2.8M 41k 67.92
Nike (NKE) 0.5 $2.7M 35k 77.55
U.S. Bancorp (USB) 0.5 $2.6M 60k 43.32
Citigroup (C) 0.4 $2.4M 50k 47.10
Vanguard High Dividend Yield ETF (VYM) 0.4 $2.3M 34k 66.33
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.4 $2.2M 21k 105.68
Celgene Corporation 0.3 $1.9M 22k 85.87
iShares S&P MidCap 400 Index (IJH) 0.3 $1.5M 11k 143.12
McDonald's Corporation (MCD) 0.2 $1.5M 15k 100.77
Intel Corporation (INTC) 0.2 $1.1M 35k 30.90
Home Depot (HD) 0.2 $995k 12k 81.01
iShares S&P 500 Growth Index (IVW) 0.2 $979k 9.3k 105.21
Merck & Co (MRK) 0.2 $933k 16k 57.82
iShares S&P 500 Value Index (IVE) 0.1 $850k 9.4k 90.28
Total (TTE) 0.1 $801k 11k 72.18
Ecolab (ECL) 0.1 $735k 6.6k 111.36
ConocoPhillips (COP) 0.1 $769k 9.0k 85.76
Rbc Cad (RY) 0.1 $753k 11k 71.44
iShares 2015 S&P AMT-Free Mun Ser ETF 0.1 $743k 14k 53.05
Medtronic 0.1 $682k 11k 63.73
General Mills (GIS) 0.1 $705k 13k 52.51
Royal Dutch Shell 0.1 $703k 8.5k 82.29
Abb (ABBNY) 0.1 $668k 29k 23.00
iShares S&P SmallCap 600 Index (IJR) 0.1 $705k 6.3k 112.08
Vanguard Small-Cap Growth ETF (VBK) 0.1 $692k 5.4k 127.32
iShares Cohen & Steers Realty Maj. (ICF) 0.1 $705k 8.1k 87.30
Ishares Tr 2017 s^p amtfr 0.1 $704k 13k 55.32
Cardinal Health (CAH) 0.1 $648k 9.5k 68.53
Vanguard Small-Cap Value ETF (VBR) 0.1 $641k 6.1k 105.44
iShares Dow Jones Select Dividend (DVY) 0.1 $633k 8.2k 77.04
Kraft Foods 0.1 $610k 10k 60.00
Emerson Electric (EMR) 0.1 $590k 8.9k 66.38
Vanguard Europe Pacific ETF (VEA) 0.1 $561k 13k 42.58
Time Warner 0.1 $509k 7.2k 70.35
W.W. Grainger (GWW) 0.1 $541k 2.1k 254.23
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $549k 5.8k 95.11
Novartis (NVS) 0.1 $435k 4.8k 90.44
Gilead Sciences (GILD) 0.1 $387k 4.7k 82.96
Southern Company (SO) 0.1 $390k 8.6k 45.33
CF Industries Holdings (CF) 0.1 $379k 1.6k 240.63
Consolidated Edison (ED) 0.1 $362k 6.3k 57.73
Apache Corporation 0.1 $357k 3.5k 100.59
International Business Machines (IBM) 0.1 $323k 1.8k 181.16
Nextera Energy (NEE) 0.1 $350k 3.4k 102.49
SIFCO Industries (SIF) 0.1 $347k 11k 31.24
Vanguard Emerging Markets ETF (VWO) 0.1 $328k 7.6k 43.15
MDU Resources (MDU) 0.1 $302k 8.6k 35.12
Colgate-Palmolive Company (CL) 0.1 $296k 4.3k 68.14
TJX Companies (TJX) 0.1 $279k 5.2k 53.19
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $317k 2.7k 119.26
Vanguard Small-Cap ETF (VB) 0.1 $286k 2.4k 117.17
Duke Energy (DUK) 0.1 $267k 3.6k 74.02
Nucor Corporation (NUE) 0.0 $241k 4.9k 49.19
St. Jude Medical 0.0 $256k 3.7k 69.19
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $209k 1.9k 108.80
iShares MSCI Emerging Markets Indx (EEM) 0.0 $184k 4.3k 43.23
Investors Real Estate Trust 0.0 $148k 16k 9.19
Kinder Morgan (KMI) 0.0 $193k 5.3k 36.32
Spectra Energy Partners 0.0 $90k 1.7k 53.13
Pacira Pharmaceuticals (PCRX) 0.0 $134k 1.5k 91.97
I Shares 2019 Etf 0.0 $109k 4.3k 25.38
NuStar Energy (NS) 0.0 $71k 1.1k 62.01
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.0 $38k 785.00 48.41
Vanguard Total Bond Market ETF (BND) 0.0 $59k 720.00 81.94
Liberty All-Star Equity Fund (USA) 0.0 $35k 5.8k 6.05
SPDR DJ Wilshire REIT (RWR) 0.0 $38k 463.00 82.07
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $79k 685.00 115.33
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.0 $59k 564.00 104.61
WisdomTree Emerging Markets Eq (DEM) 0.0 $34k 658.00 51.67
Wisdomtree Tr em lcl debt (ELD) 0.0 $48k 1.0k 47.67
iShares FTSE Developed Small Cap ex-Nor (IEUS) 0.0 $31k 658.00 47.11
iShares S&P Conservative Allocatn Fd ETF (AOK) 0.0 $33k 1.0k 33.00
Broadcom Corporation 0.0 $2.0k 55.00 36.36
Spartan Motors 0.0 $3.0k 742.00 4.04
Oneok Partners 0.0 $26k 444.00 58.56
PowerShares QQQ Trust, Series 1 0.0 $9.0k 100.00 90.00
iShares Russell 1000 Growth Index (IWF) 0.0 $8.0k 90.00 88.89
iShares Russell Midcap Index Fund (IWR) 0.0 $4.0k 24.00 166.67
iShares Russell 2000 Value Index (IWN) 0.0 $2.0k 17.00 117.65
iShares Russell 2000 Growth Index (IWO) 0.0 $2.0k 12.00 166.67
Vanguard Total Stock Market ETF (VTI) 0.0 $14k 139.00 100.72
Vanguard FTSE All-World ex-US ETF (VEU) 0.0 $7.0k 136.00 51.47
Adams Express Company (ADX) 0.0 $7.0k 528.00 13.26
iShares Barclays TIPS Bond Fund (TIP) 0.0 $10k 86.00 116.28
iShares MSCI BRIC Index Fund (BKF) 0.0 $4.0k 100.00 40.00
SPDR Barclays Capital High Yield B 0.0 $12k 293.00 40.96
John Hancock Patriot Premium Div Fund II (PDT) 0.0 $6.0k 405.00 14.81
John Hancock Hdg Eq & Inc (HEQ) 0.0 $6.0k 325.00 18.46
Abbvie (ABBV) 0.0 $22k 394.00 55.84
Time 0.0 $1.0k 43.00 23.26