Alerus Investment Advisors

Alerus Investment Advisors Corporation as of Sept. 30, 2012

Portfolio Holdings for Alerus Investment Advisors Corporation

Alerus Investment Advisors Corporation holds 89 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Microsoft Corporation (MSFT) 4.5 $17M 573k 29.76
Apple (AAPL) 3.8 $15M 22k 667.10
Utilities SPDR (XLU) 3.5 $13M 363k 36.39
Exxon Mobil Corporation (XOM) 3.4 $13M 141k 91.45
General Electric Company 2.6 $9.9M 437k 22.71
Wells Fargo & Company (WFC) 2.6 $9.8M 283k 34.53
SPDR Gold Trust (GLD) 2.5 $9.6M 56k 171.89
Chevron Corporation (CVX) 2.4 $9.0M 78k 116.56
JPMorgan Chase & Co. (JPM) 2.3 $8.8M 218k 40.48
Abbott Laboratories (ABT) 2.2 $8.2M 120k 68.56
Google 2.1 $8.2M 11k 754.54
Walt Disney Company (DIS) 1.9 $7.2M 139k 52.28
Philip Morris International (PM) 1.8 $6.9M 77k 89.94
Procter & Gamble Company (PG) 1.8 $6.9M 99k 69.36
McDonald's Corporation (MCD) 1.8 $6.9M 75k 91.75
Oracle Corporation (ORCL) 1.7 $6.5M 206k 31.46
Johnson & Johnson (JNJ) 1.7 $6.5M 94k 68.91
Cisco Systems (CSCO) 1.7 $6.4M 337k 19.10
At&t (T) 1.6 $6.2M 164k 37.70
Pepsi (PEP) 1.6 $6.0M 85k 70.77
EMC Corporation 1.6 $6.0M 221k 27.27
Intel Corporation (INTC) 1.5 $5.8M 256k 22.66
Comcast Corporation (CMCSA) 1.5 $5.7M 160k 35.74
Apache Corporation 1.5 $5.6M 65k 86.47
CVS Caremark Corporation (CVS) 1.4 $5.5M 114k 48.42
Prudential Financial (PRU) 1.4 $5.4M 100k 54.51
Wal-Mart Stores (WMT) 1.4 $5.4M 73k 73.80
Visa (V) 1.4 $5.2M 38k 134.29
Covidien 1.3 $5.0M 85k 59.42
Eaton Corporation 1.2 $4.8M 101k 47.27
Verizon Communications (VZ) 1.2 $4.8M 104k 45.57
Cardinal Health (CAH) 1.2 $4.7M 121k 38.97
iShares NASDAQ Biotechnology Index (IBB) 1.2 $4.7M 33k 142.58
Accenture (ACN) 1.2 $4.6M 65k 70.03
Berkshire Hathaway (BRK.B) 1.2 $4.5M 51k 88.20
UnitedHealth (UNH) 1.2 $4.5M 81k 55.41
Target Corporation (TGT) 1.2 $4.4M 70k 63.46
Nike (NKE) 1.1 $4.4M 46k 94.90
American Express Company (AXP) 1.1 $4.2M 74k 56.86
Johnson Controls 1.1 $4.2M 153k 27.40
E.I. du Pont de Nemours & Company 1.1 $4.1M 82k 50.27
Express Scripts Holding 1.1 $4.1M 65k 62.63
United Technologies Corporation 1.0 $4.0M 51k 78.29
Spdr S&p 500 Etf (SPY) 1.0 $3.9M 27k 143.97
Halliburton Company (HAL) 1.0 $3.8M 112k 33.69
Emerson Electric (EMR) 1.0 $3.7M 76k 48.27
Cognizant Technology Solutions (CTSH) 1.0 $3.7M 52k 69.88
TJX Companies (TJX) 1.0 $3.6M 81k 44.79
Norfolk Southern (NSC) 0.9 $3.6M 57k 63.64
National-Oilwell Var 0.9 $3.6M 45k 80.12
Becton, Dickinson and (BDX) 0.9 $3.6M 46k 78.55
Praxair 0.9 $3.5M 33k 103.88
Broadcom Corporation 0.9 $3.4M 99k 34.57
Boeing Company (BA) 0.9 $3.4M 49k 69.59
Colgate-Palmolive Company (CL) 0.9 $3.3M 31k 107.22
Monsanto Company 0.8 $3.2M 35k 91.03
General Mills (GIS) 0.8 $3.1M 78k 39.85
Teva Pharmaceutical Industries (TEVA) 0.8 $3.1M 74k 41.42
Honeywell International (HON) 0.8 $3.0M 51k 59.75
Kraft Foods 0.8 $3.0M 72k 41.35
Baker Hughes Incorporated 0.8 $3.0M 66k 45.24
Schlumberger (SLB) 0.8 $3.0M 41k 72.33
Expeditors International of Washington (EXPD) 0.8 $2.9M 80k 36.36
State Street Corporation (STT) 0.8 $2.9M 68k 41.96
BlackRock (BLK) 0.7 $2.8M 16k 178.27
ProShares UltraShort Euro (EUO) 0.6 $2.4M 118k 20.12
Cme (CME) 0.6 $2.1M 37k 57.29
Altria (MO) 0.4 $1.6M 49k 33.40
First Advantage Ban (FABK) 0.4 $1.4M 109k 13.00
Coca-Cola Company (KO) 0.2 $964k 25k 37.92
Medtronic 0.2 $812k 19k 43.15
iShares Dow Jones Select Dividend (DVY) 0.2 $721k 13k 57.68
SIFCO Industries (SIF) 0.1 $559k 31k 18.21
International Business Machines (IBM) 0.1 $521k 2.5k 207.40
W.W. Grainger (GWW) 0.1 $451k 2.2k 208.41
Ecolab (ECL) 0.1 $428k 6.6k 64.85
Home Depot (HD) 0.1 $436k 7.2k 60.39
Rbc Cad (RY) 0.1 $435k 7.6k 57.46
Nextera Energy (NEE) 0.1 $375k 5.3k 70.36
Patterson Companies (PDCO) 0.1 $335k 9.8k 34.24
CF Industries Holdings (CF) 0.1 $350k 1.6k 222.22
BP (BP) 0.1 $319k 7.5k 42.36
Merck & Co (MRK) 0.1 $321k 7.1k 45.03
Time Warner Cable 0.1 $276k 2.9k 95.07
ConocoPhillips (COP) 0.1 $247k 4.3k 57.18
Black Hills Corporation (BKH) 0.1 $232k 6.5k 35.50
Abb (ABBNY) 0.1 $230k 12k 18.72
iShares MSCI Emerging Markets Indx (EEM) 0.1 $201k 4.9k 41.27
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $63k 520.00 121.15