Alerus Investment Advisors

Alerus Investment Advisors as of Dec. 31, 2015

Portfolio Holdings for Alerus Investment Advisors

Alerus Investment Advisors holds 176 positions in its portfolio as reported in the December 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard S&p 500 Etf idx (VOO) 11.1 $66M 355k 186.93
iShares Lehman Aggregate Bond (AGG) 10.9 $65M 603k 108.01
iShares Russell 2000 Index (IWM) 5.2 $31M 274k 112.62
Apple Computer 2.4 $15M 138k 105.26
Vanguard REIT ETF (VNQ) 2.4 $14M 177k 79.73
Spdr S&p 500 Etf (SPY) 2.3 $14M 67k 205.19
Vanguard Mid-Cap ETF (VO) 1.9 $11M 92k 120.11
Alphabet Inc Class A 1.8 $11M 14k 777.97
iShares Russell Midcap Index Fund (IWR) 1.7 $10M 63k 160.17
Johnson & Johnson (JNJ) 1.7 $9.9M 97k 102.72
General Electric Company 1.5 $9.2M 294k 31.15
Microsoft Corporation (MSFT) 1.5 $9.0M 163k 55.48
iShares NASDAQ Biotechnology Index (IBB) 1.5 $8.9M 26k 338.34
Vanguard Scottsdale Fds cmn (VONE) 1.5 $8.9M 96k 93.63
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 1.5 $8.7M 104k 84.09
iShares Lehman 7-10 Yr Treas. Bond (IEF) 1.4 $8.7M 83k 105.59
Utilities SPDR (XLU) 1.4 $8.1M 187k 43.28
JPMorgan Chase & Co. (JPM) 1.3 $7.6M 115k 66.02
priceline.com Incorporated 1.1 $6.9M 5.4k 1275.03
BlackRock (BLK) 1.1 $6.8M 33k 208.03
Medtronic (MDT) 1.1 $6.5M 85k 76.92
Berkshire Hath-cl B 1.1 $6.4M 48k 132.05
Comcast Corporation (CMCSA) 1.1 $6.3M 112k 56.43
Verizon Communications (VZ) 1.1 $6.3M 136k 46.22
Pepsi (PEP) 1.0 $6.1M 61k 99.92
Cognizant Technology Solutions (CTSH) 1.0 $5.9M 98k 60.03
Exxon Mobil Corporation (XOM) 1.0 $5.9M 75k 77.94
Honeywell International (HON) 0.9 $5.7M 55k 103.57
Pfizer (PFE) 0.9 $5.6M 173k 32.28
Philip Morris International (PM) 0.9 $5.4M 61k 87.90
Lowe's Companies (LOW) 0.9 $5.2M 69k 76.06
CVS Caremark Corporation (CVS) 0.9 $5.2M 53k 97.76
Wells Fargo & Company (WFC) 0.8 $5.1M 94k 54.35
Boeing 0.8 $5.0M 34k 144.59
At&t (T) 0.8 $4.9M 142k 34.41
Procter & Gamble Company (PG) 0.8 $4.8M 61k 79.40
Cisco Systems (CSCO) 0.8 $4.7M 174k 27.15
Express Scripts Holding 0.8 $4.6M 52k 87.40
BECTON DICKINSON & CO Com Stk 0.8 $4.5M 35k 128.65
Coca-Cola Company (KO) 0.7 $4.2M 98k 42.97
Walt Disney Company (DIS) 0.7 $4.2M 40k 104.32
Prudential Financial (PRU) 0.7 $4.2M 52k 81.42
Allergan 0.7 $4.2M 13k 312.52
Oracle Corporation (ORCL) 0.7 $4.2M 114k 36.53
Qualcomm (QCOM) 0.7 $4.1M 81k 49.99
IntercontinentalEx.. 0.7 $3.9M 15k 256.28
Visa (V) 0.6 $3.9M 50k 77.54
Eaton (ETN) 0.6 $3.8M 74k 52.04
Citigroup (C) 0.6 $3.7M 72k 51.76
EMC Corporation 0.6 $3.6M 142k 25.68
Accenture (ACN) 0.6 $3.6M 34k 104.49
Mylan Nv 0.6 $3.6M 66k 54.06
Cardinal Health (CAH) 0.6 $3.5M 39k 89.28
Danaher Corporation (DHR) 0.6 $3.5M 37k 92.91
Celgene Corporation 0.6 $3.4M 29k 119.77
McKesson Corporation (MCK) 0.6 $3.3M 17k 197.24
Zimmer Holdings (ZBH) 0.6 $3.3M 32k 102.57
Mondelez Int (MDLZ) 0.6 $3.3M 74k 44.83
UnitedHealth (UNH) 0.5 $3.3M 28k 117.66
American Express 0.5 $3.2M 46k 69.54
F5 Networks (FFIV) 0.5 $3.1M 32k 96.97
iShares S&P 500 Index (IVV) 0.5 $2.9M 14k 204.88
Starbucks Corporation (SBUX) 0.5 $2.9M 48k 60.02
MetLife (MET) 0.5 $2.9M 60k 48.22
iShares Dow Jones US Oil & Gas Exp. (IEO) 0.5 $2.9M 54k 52.96
Vanguard High Dividend Yield ETF (VYM) 0.5 $2.8M 42k 66.76
Chevron Corporation (CVX) 0.5 $2.8M 31k 89.97
State Street Corporation (STT) 0.5 $2.7M 40k 66.38
U.S. Bancorp (USB) 0.5 $2.7M 63k 42.67
Monsanto Company 0.5 $2.7M 27k 98.50
Starwood Hotels & Resorts Worldwide 0.4 $2.6M 38k 69.29
Dick's Sporting Goods (DKS) 0.4 $2.6M 74k 35.36
Praxair 0.4 $2.5M 24k 102.41
Cme (CME) 0.4 $2.4M 27k 90.59
Nordstrom (JWN) 0.4 $2.4M 49k 49.82
Home Depot (HD) 0.3 $1.9M 14k 132.27
McDonald's Corporation (MCD) 0.3 $1.8M 16k 118.18
Nike (NKE) 0.3 $1.9M 30k 62.50
Twenty-first Century Fox 0.3 $1.8M 68k 27.17
Intel Corporation (INTC) 0.3 $1.8M 51k 34.46
Facebook Inc cl a (META) 0.3 $1.8M 17k 104.63
Halliburton Company (HAL) 0.3 $1.6M 47k 34.06
Schlumberger (SLB) 0.3 $1.6M 24k 69.71
Consolidated Edison (ED) 0.3 $1.6M 24k 64.30
General Mills (GIS) 0.2 $1.5M 26k 57.67
Merck & Co (MRK) 0.2 $1.5M 28k 52.82
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.2 $1.5M 14k 104.61
Rbc Cad (RY) 0.2 $1.4M 25k 53.61
Vanguard Total Bond Market ETF (BND) 0.2 $1.4M 17k 80.74
Emerson Electric (EMR) 0.2 $1.3M 28k 47.85
Southern Company (SO) 0.2 $1.2M 25k 46.81
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.2 $1.1M 9.2k 120.57
Duke Energy (DUK) 0.2 $1.1M 16k 71.37
United Parcel Service (UPS) 0.2 $1.0M 10k 96.23
iShares MSCI EAFE Index Fund (EFA) 0.2 $935k 16k 58.74
International Business Machines (IBM) 0.1 $912k 6.6k 137.58
Total (TTE) 0.1 $814k 18k 44.95
iShares S&P MidCap 400 Index (IJH) 0.1 $853k 6.1k 139.24
Kraft Heinz (KHC) 0.1 $864k 12k 72.70
Ecolab (ECL) 0.1 $755k 6.6k 114.39
iShares Dow Jones Select Dividend (DVY) 0.1 $764k 10k 75.20
Abbvie Inc 00 0.1 $693k 12k 59.31
I Shares 2019 Etf 0.1 $716k 28k 25.64
Vanguard Small-Cap Value ETF (VBR) 0.1 $663k 6.7k 98.81
Vanguard Small-Cap Growth ETF (VBK) 0.1 $640k 5.3k 121.51
Novartis (NVS) 0.1 $582k 7.3k 79.43
Vanguard Europe Pacific ETF (VEA) 0.1 $523k 14k 36.69
Gilead Sciences (GILD) 0.1 $470k 4.6k 101.29
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $488k 4.3k 113.97
W.W. Grainger (GWW) 0.1 $421k 2.1k 202.70
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $429k 3.9k 110.74
E.I. du Pont de Nemours & Company 0.1 $376k 5.6k 66.58
Nextera Energy (NEE) 0.1 $351k 3.4k 103.85
TJX Companies (TJX) 0.1 $367k 5.2k 70.92
Dbx Etf Tr ex us hdg eqty (DBAW) 0.1 $345k 15k 23.15
Ishares Tr hdg msci eafe (HEFA) 0.1 $349k 14k 25.38
Ishares Tr hdg msci germn (HEWG) 0.1 $356k 15k 24.38
Norfolk Southern (NSC) 0.1 $276k 3.3k 84.58
Colgate-Palmolive Company (CL) 0.1 $286k 4.3k 66.51
iShares S&P 500 Growth Index (IVW) 0.1 $282k 2.4k 115.86
iShares iBoxx $ High Yid Corp Bond (HYG) 0.1 $278k 3.5k 80.49
Vanguard Emerging Markets ETF (VWO) 0.1 $301k 9.2k 32.66
Vanguard Small-Cap ETF (VB) 0.1 $317k 2.9k 110.80
Wisdomtree Tr intl hedge eqt (HEDJ) 0.1 $329k 6.1k 53.86
Ross Stores (ROST) 0.0 $239k 4.4k 53.73
Xcel Energy (XEL) 0.0 $210k 5.8k 35.96
iShares S&P 500 Value Index (IVE) 0.0 $223k 2.5k 88.35
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.0 $251k 2.8k 89.74
Abbott Laboratories 0.0 $207k 4.6k 45.08
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.0 $156k 3.1k 50.05
iShares MSCI Emerging Markets Indx (EEM) 0.0 $129k 4.0k 32.15
Wal-Mart Stores (WMT) 0.0 $35k 565.00 61.95
Energy Select Sector SPDR (XLE) 0.0 $43k 710.00 60.56
NuStar Energy (NS) 0.0 $46k 1.1k 40.17
Spectra Energy Partners 0.0 $81k 1.7k 47.82
Liberty All-Star Equity Fund (USA) 0.0 $33k 6.2k 5.34
SPDR DJ Wilshire REIT (RWR) 0.0 $42k 463.00 90.71
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $72k 685.00 105.11
Wisdomtree Tr em lcl debt (ELD) 0.0 $48k 1.4k 33.26
Bemis 0.0 $65k 1.5k 44.49
iShares S&P Conservative Allocatn Fd ETF (AOK) 0.0 $32k 1.0k 32.00
Kinder Morgan (KMI) 0.0 $79k 5.3k 14.87
Sce Trust I 0.0 $40k 1.6k 25.00
Aegon 8.00% Non-cum Sub Nt Aek P referred 0.0 $44k 1.6k 27.50
General Electric Capital preferre 0.0 $41k 1.6k 25.62
Aflac Inc 5.5% p 0.0 $57k 2.2k 25.62
Eix 5.1 (SCE.PG) 0.0 $76k 3.2k 24.05
B B & T 0.0 $42k 1.6k 26.25
Gen Elec Cap Corp Nt preferre 0.0 $62k 2.4k 25.57
Intercontinental Exchange (ICE) 0.0 $41k 160.00 256.25
Psa 5 7/8 12/31/49 0.0 $78k 3.0k 26.31
State Street 0.0 $79k 3.0k 26.73
Allstate E Pfd Perptl preferred 0.0 $78k 2.8k 27.81
Spartan Motors 0.0 $2.0k 742.00 2.70
Oneok Partners 0.0 $13k 444.00 29.28
PowerShares QQQ Trust, Series 1 0.0 $11k 100.00 110.00
iShares Russell 1000 Growth Index (IWF) 0.0 $7.0k 71.00 98.59
Alcatel-lucent 0.0 $0 19.00 0.00
iShares S&P MidCap 400 Growth (IJK) 0.0 $0 3.00 0.00
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.0 $28k 785.00 35.67
Vanguard FTSE All-World ex-US ETF (VEU) 0.0 $6.0k 136.00 44.12
iShares S&P SmallCap 600 Growth (IJT) 0.0 $0 4.00 0.00
iShares Barclays TIPS Bond Fund (TIP) 0.0 $9.0k 86.00 104.65
SPDR Barclays Capital High Yield B 0.0 $10k 294.00 34.01
WisdomTree Emerging Markets Eq (DEM) 0.0 $21k 658.00 31.91
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 $13k 282.00 46.10
Abb Ltd- 0.0 $24k 1.4k 17.65
Ishares Tr 2017 s^p amtfr 0.0 $20k 730.00 27.40
Pacira Pharmaceuticals (PCRX) 0.0 $22k 292.00 75.34
Cbre Clarion Global Real Estat re (IGR) 0.0 $0 6.00 0.00
Adams Express 0.0 $7.0k 564.00 12.41
John Hancock Hdg Eq & Inc (HEQ) 0.0 $5.0k 325.00 15.38
Ishares 2020 Amt-free Muni Bond Etf 0.0 $6.0k 234.00 25.64
Bio-key International 0.0 $0 1.3k 0.00
Birmingham Bloomfield Bancshares 0.0 $11k 1.3k 8.80