Alerus Investment Advisors as of Dec. 31, 2014
Portfolio Holdings for Alerus Investment Advisors
Alerus Investment Advisors holds 161 positions in its portfolio as reported in the December 2014 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Vanguard S&p 500 Etf idx (VOO) | 12.8 | $75M | 399k | 188.40 | |
| iShares Lehman Aggregate Bond (AGG) | 10.5 | $62M | 561k | 110.12 | |
| iShares Russell 2000 Index (IWM) | 5.8 | $34M | 288k | 119.62 | |
| Spdr S&p 500 Etf (SPY) | 3.3 | $19M | 94k | 205.53 | |
| Vanguard Mid-Cap ETF (VO) | 2.6 | $15M | 123k | 123.56 | |
| Apple (AAPL) | 2.3 | $14M | 125k | 110.38 | |
| Microsoft Corporation (MSFT) | 2.1 | $13M | 270k | 46.45 | |
| iShares NASDAQ Biotechnology Index (IBB) | 1.8 | $11M | 35k | 303.35 | |
| Vanguard Scottsdale Fds cmn (VONE) | 1.5 | $8.9M | 94k | 94.77 | |
| Express Scripts Holding | 1.5 | $8.7M | 102k | 84.67 | |
| Johnson & Johnson (JNJ) | 1.3 | $7.9M | 76k | 104.57 | |
| General Electric Company | 1.2 | $7.1M | 280k | 25.27 | |
| JPMorgan Chase & Co. (JPM) | 1.2 | $7.0M | 111k | 62.58 | |
| 1.2 | $6.9M | 13k | 530.63 | ||
| priceline.com Incorporated | 1.2 | $6.9M | 6.1k | 1140.24 | |
| Exxon Mobil Corporation (XOM) | 1.1 | $6.6M | 71k | 92.45 | |
| Medtronic | 1.1 | $6.5M | 90k | 72.20 | |
| Cognizant Technology Solutions (CTSH) | 1.1 | $6.3M | 119k | 52.66 | |
| Vanguard REIT ETF (VNQ) | 1.0 | $6.1M | 75k | 81.00 | |
| Oracle Corporation (ORCL) | 1.0 | $6.0M | 134k | 44.97 | |
| Procter & Gamble Company (PG) | 1.0 | $6.0M | 66k | 91.10 | |
| Boeing Company (BA) | 1.0 | $5.9M | 45k | 129.98 | |
| Utilities SPDR (XLU) | 1.0 | $5.8M | 123k | 47.22 | |
| Visa (V) | 1.0 | $5.8M | 22k | 262.20 | |
| Starbucks Corporation (SBUX) | 1.0 | $5.7M | 70k | 82.05 | |
| Wells Fargo & Company (WFC) | 0.9 | $5.4M | 99k | 54.82 | |
| Comcast Corporation (CMCSA) | 0.9 | $5.2M | 91k | 58.01 | |
| Norfolk Southern (NSC) | 0.9 | $5.3M | 48k | 109.61 | |
| Eaton (ETN) | 0.9 | $5.1M | 75k | 67.96 | |
| Pfizer (PFE) | 0.8 | $5.0M | 161k | 31.15 | |
| E.I. du Pont de Nemours & Company | 0.8 | $5.0M | 68k | 73.94 | |
| Pepsi (PEP) | 0.8 | $5.0M | 53k | 94.55 | |
| Berkshire Hathaway (BRK.B) | 0.8 | $4.7M | 31k | 150.13 | |
| Cisco Systems (CSCO) | 0.8 | $4.7M | 168k | 27.81 | |
| Qualcomm (QCOM) | 0.8 | $4.7M | 63k | 74.33 | |
| CVS Caremark Corporation (CVS) | 0.8 | $4.5M | 47k | 96.30 | |
| Philip Morris International (PM) | 0.8 | $4.5M | 55k | 81.46 | |
| Coca-Cola Company (KO) | 0.7 | $4.3M | 103k | 42.21 | |
| Abbott Laboratories (ABT) | 0.7 | $4.4M | 97k | 45.01 | |
| EMC Corporation | 0.7 | $4.4M | 147k | 29.74 | |
| Verizon Communications (VZ) | 0.7 | $4.3M | 92k | 46.78 | |
| Halliburton Company (HAL) | 0.7 | $4.2M | 108k | 39.33 | |
| Lowe's Companies (LOW) | 0.7 | $4.2M | 62k | 68.81 | |
| Honeywell International (HON) | 0.7 | $4.2M | 42k | 99.92 | |
| Accenture (ACN) | 0.7 | $4.2M | 47k | 89.31 | |
| Prudential Financial (PRU) | 0.7 | $4.2M | 47k | 90.45 | |
| At&t (T) | 0.7 | $4.1M | 123k | 33.59 | |
| BlackRock (BLK) | 0.7 | $4.1M | 11k | 357.61 | |
| Mondelez Int (MDLZ) | 0.7 | $4.0M | 111k | 36.32 | |
| F5 Networks (FFIV) | 0.7 | $4.0M | 30k | 130.48 | |
| Chevron Corporation (CVX) | 0.7 | $3.9M | 35k | 112.19 | |
| UnitedHealth (UNH) | 0.7 | $3.9M | 39k | 101.09 | |
| IntercontinentalEx.. | 0.7 | $3.8M | 17k | 219.26 | |
| Walt Disney Company (DIS) | 0.6 | $3.8M | 40k | 94.18 | |
| Nike (NKE) | 0.6 | $3.7M | 39k | 96.15 | |
| American Express Company (AXP) | 0.6 | $3.7M | 40k | 93.04 | |
| Becton, Dickinson and (BDX) | 0.6 | $3.7M | 27k | 139.19 | |
| Schlumberger (SLB) | 0.6 | $3.6M | 43k | 85.39 | |
| United Technologies Corporation | 0.6 | $3.7M | 32k | 115.01 | |
| Cme (CME) | 0.6 | $3.6M | 41k | 88.67 | |
| Praxair | 0.6 | $3.4M | 27k | 129.54 | |
| Danaher Corporation (DHR) | 0.6 | $3.4M | 39k | 85.72 | |
| MetLife (MET) | 0.6 | $3.3M | 61k | 54.09 | |
| Nordstrom (JWN) | 0.6 | $3.3M | 41k | 79.40 | |
| State Street Corporation (STT) | 0.5 | $3.2M | 41k | 78.50 | |
| U.S. Bancorp (USB) | 0.5 | $3.2M | 71k | 44.95 | |
| Citigroup (C) | 0.5 | $3.2M | 59k | 54.12 | |
| Starwood Hotels & Resorts Worldwide | 0.5 | $3.1M | 39k | 81.07 | |
| iShares Russell Midcap Index Fund (IWR) | 0.5 | $3.0M | 18k | 167.06 | |
| Dick's Sporting Goods (DKS) | 0.5 | $2.9M | 58k | 49.64 | |
| iShares S&P 500 Index (IVV) | 0.5 | $2.9M | 14k | 206.87 | |
| Vanguard High Dividend Yield ETF (VYM) | 0.5 | $2.9M | 42k | 68.75 | |
| Google Inc Class C | 0.5 | $2.9M | 5.4k | 526.41 | |
| iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) | 0.4 | $2.3M | 22k | 105.20 | |
| National-Oilwell Var | 0.4 | $2.2M | 34k | 65.51 | |
| iShares Dow Jones US Oil & Gas Exp. (IEO) | 0.4 | $2.1M | 30k | 71.44 | |
| Celgene Corporation | 0.3 | $2.0M | 18k | 111.87 | |
| Energy Select Sector SPDR (XLE) | 0.3 | $2.0M | 26k | 79.16 | |
| Monsanto Company | 0.3 | $1.9M | 16k | 119.44 | |
| McDonald's Corporation (MCD) | 0.2 | $1.4M | 15k | 93.68 | |
| Home Depot (HD) | 0.2 | $1.3M | 12k | 104.98 | |
| iShares MSCI EAFE Index Fund (EFA) | 0.2 | $1.1M | 18k | 60.85 | |
| General Mills (GIS) | 0.2 | $988k | 19k | 53.34 | |
| iShares S&P MidCap 400 Index (IJH) | 0.2 | $1.0M | 7.0k | 144.76 | |
| Kraft Foods | 0.2 | $943k | 15k | 62.68 | |
| Consolidated Edison (ED) | 0.1 | $914k | 14k | 66.03 | |
| Intel Corporation (INTC) | 0.1 | $828k | 23k | 36.28 | |
| ConocoPhillips (COP) | 0.1 | $837k | 12k | 69.11 | |
| Rbc Cad (RY) | 0.1 | $853k | 12k | 69.05 | |
| Merck & Co (MRK) | 0.1 | $794k | 14k | 56.79 | |
| Royal Dutch Shell | 0.1 | $769k | 12k | 67.00 | |
| iShares Dow Jones Select Dividend (DVY) | 0.1 | $752k | 9.5k | 79.37 | |
| Duke Energy (DUK) | 0.1 | $740k | 8.9k | 83.59 | |
| Ecolab (ECL) | 0.1 | $690k | 6.6k | 104.55 | |
| Total (TTE) | 0.1 | $719k | 14k | 51.20 | |
| Vanguard Small-Cap Growth ETF (VBK) | 0.1 | $695k | 5.5k | 125.86 | |
| International Business Machines (IBM) | 0.1 | $644k | 4.0k | 160.54 | |
| Southern Company (SO) | 0.1 | $620k | 13k | 49.11 | |
| Vanguard Small-Cap Value ETF (VBR) | 0.1 | $628k | 5.9k | 105.76 | |
| iShares 2015 S&P AMT-Free Mun Ser ETF | 0.1 | $661k | 13k | 52.68 | |
| Cardinal Health (CAH) | 0.1 | $598k | 7.4k | 80.79 | |
| iShares iBoxx $ High Yid Corp Bond (HYG) | 0.1 | $582k | 6.5k | 89.66 | |
| W.W. Grainger (GWW) | 0.1 | $529k | 2.1k | 254.69 | |
| Emerson Electric (EMR) | 0.1 | $546k | 8.8k | 61.74 | |
| Abb (ABBNY) | 0.1 | $557k | 26k | 21.17 | |
| Vanguard Europe Pacific ETF (VEA) | 0.1 | $511k | 14k | 37.85 | |
| iShares IBoxx $ Invest Grade Corp Bd (LQD) | 0.1 | $471k | 3.9k | 119.42 | |
| Gilead Sciences (GILD) | 0.1 | $437k | 4.6k | 94.18 | |
| CF Industries Holdings (CF) | 0.1 | $429k | 1.6k | 272.38 | |
| iShares S&P Natl AMTFr Mncpl Bd (MUB) | 0.1 | $427k | 3.9k | 110.22 | |
| Nextera Energy (NEE) | 0.1 | $359k | 3.4k | 106.21 | |
| TJX Companies (TJX) | 0.1 | $355k | 5.2k | 68.60 | |
| Vanguard Emerging Markets ETF (VWO) | 0.1 | $326k | 8.1k | 40.07 | |
| Novartis (NVS) | 0.1 | $274k | 3.0k | 92.85 | |
| Colgate-Palmolive Company (CL) | 0.1 | $298k | 4.3k | 69.30 | |
| SIFCO Industries (SIF) | 0.1 | $309k | 11k | 29.15 | |
| iShares S&P 500 Growth Index (IVW) | 0.1 | $272k | 2.4k | 111.75 | |
| Vanguard Small-Cap ETF (VB) | 0.1 | $291k | 2.5k | 116.54 | |
| I Shares 2019 Etf | 0.1 | $295k | 12k | 25.39 | |
| Apache Corporation | 0.0 | $220k | 3.5k | 62.59 | |
| Nucor Corporation (NUE) | 0.0 | $240k | 4.9k | 48.99 | |
| Ross Stores (ROST) | 0.0 | $210k | 2.2k | 94.42 | |
| St. Jude Medical | 0.0 | $208k | 3.2k | 65.00 | |
| iShares S&P 500 Value Index (IVE) | 0.0 | $208k | 2.2k | 93.69 | |
| Ishares Tr 2017 s^p amtfr | 0.0 | $233k | 4.2k | 54.93 | |
| Kinder Morgan (KMI) | 0.0 | $225k | 5.3k | 42.34 | |
| Market Vectors Oil Service Etf | 0.0 | $258k | 7.2k | 35.88 | |
| iShares MSCI Emerging Markets Indx (EEM) | 0.0 | $168k | 4.3k | 39.18 | |
| MDU Resources (MDU) | 0.0 | $202k | 8.6k | 23.49 | |
| Xcel Energy (XEL) | 0.0 | $203k | 5.6k | 36.01 | |
| Spectra Energy Partners | 0.0 | $97k | 1.7k | 57.26 | |
| Wal-Mart Stores (WMT) | 0.0 | $49k | 565.00 | 86.73 | |
| NuStar Energy (NS) | 0.0 | $66k | 1.1k | 57.64 | |
| WisdomTree Emerging Mkts Small Cp Div (DGS) | 0.0 | $34k | 785.00 | 43.31 | |
| Vanguard Total Bond Market ETF (BND) | 0.0 | $58k | 704.00 | 82.39 | |
| Liberty All-Star Equity Fund (USA) | 0.0 | $35k | 5.8k | 6.05 | |
| SPDR DJ Wilshire REIT (RWR) | 0.0 | $42k | 463.00 | 90.71 | |
| 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 | $55k | 564.00 | 97.52 | |
| Wisdomtree Tr em lcl debt (ELD) | 0.0 | $42k | 1.0k | 41.71 | |
| iShares S&P Conservative Allocatn Fd ETF (AOK) | 0.0 | $33k | 1.0k | 33.00 | |
| Pacira Pharmaceuticals (PCRX) | 0.0 | $52k | 582.00 | 89.35 | |
| Broadcom Corporation | 0.0 | $3.0k | 59.00 | 50.85 | |
| Spartan Motors | 0.0 | $4.0k | 742.00 | 5.39 | |
| Oneok Partners | 0.0 | $18k | 444.00 | 40.54 | |
| Alcatel-Lucent | 0.0 | $0 | 19.00 | 0.00 | |
| PowerShares QQQ Trust, Series 1 | 0.0 | $10k | 100.00 | 100.00 | |
| Urologix (ULGX) | 0.0 | $0 | 10k | 0.00 | |
| iShares Russell 1000 Growth Index (IWF) | 0.0 | $8.0k | 87.00 | 91.95 | |
| Vanguard Total Stock Market ETF (VTI) | 0.0 | $13k | 121.00 | 107.44 | |
| Vanguard FTSE All-World ex-US ETF (VEU) | 0.0 | $6.0k | 136.00 | 44.12 | |
| Adams Express Company (ADX) | 0.0 | $8.0k | 564.00 | 14.18 | |
| 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 | |
| ISHARES TR MSCI Small Cap msci small cap (SCZ) | 0.0 | $8.0k | 174.00 | 45.98 | |
| WisdomTree Emerging Markets Eq (DEM) | 0.0 | $28k | 658.00 | 42.55 | |
| John Hancock Patriot Premium Div Fund II (PDT) | 0.0 | $6.0k | 405.00 | 14.81 | |
| iShares FTSE Developed Small Cap ex-Nor (IEUS) | 0.0 | $24k | 573.00 | 41.88 | |
| John Hancock Hdg Eq & Inc (HEQ) | 0.0 | $5.0k | 325.00 | 15.38 | |
| Intercontinental Exchange (ICE) | 0.0 | $22k | 102.00 | 215.69 | |
| Birmingham Bloomfield Bancshares | 0.0 | $10k | 1.3k | 8.00 |
