Vault-13

ALERUS FINL CORP ALRS

COM · Common Stock · CUSIP 01446U103

94 institutional holders +5 vs Q1 2024
9,482,2339.5m shares reported held*
47.9% of all shares outstanding*
$186.0mreported value*
16 new 37 added 22 reduced 13 sold out net sold ≈ $1.5m (-74.6k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($875.8k this quarter). Holder counts are more reliable. Shares outstanding: 19.8m as of 2024-08-05, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $19.61. Options: 1 managers hold calls ($0 notional), 2 hold puts ($7.8k).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 78Q4 22: 79Q1 23: 68Q2 23: 68Q3 23: 72Q4 23: 80Q1 24: 89Q2 24: 9494Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202278
Q4 202279
Q1 202368
Q2 202368
Q3 202372
Q4 202380
Q1 202489
Q2 202494

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 29 bought or addedQ4 22: 28 cut or sold outQ4 22Q1 23: 35 bought or addedQ1 23: 35 cut or sold outQ2 23: 38 bought or addedQ2 23: 21 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 23 cut or sold outQ4 23: 37 bought or addedQ4 23: 24 cut or sold outQ4 23Q1 24: 37 bought or addedQ1 24: 31 cut or sold outQ2 24: 53 bought or addedQ2 24: 35 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222928
Q1 20233535
Q2 20233821
Q3 20233023
Q4 20233724
Q1 20243731
Q2 20245335

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60kQ3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $2.2kQ4 23 puts: $49.3kQ4 23P/C 22.00Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $0Q2 24 puts: $7.8kQ2 24P/C —
Numbers
QuarterCallsPutsP/C
Q3 2023$0$0—
Q4 2023$2.2k$49.3k22.00
Q1 2024$0$0—
Q2 2024$0$7.8k—

Biggest buyers

BlackRock Inc. Added +249,438+249.4k
CITADEL ADVISORS LLC New +98,354+98.4k
Keeley-Teton Advisors, LLC New +89,821+89.8k
ENDEAVOUR CAPITAL ADVISORS INC Added +73,342+73.3k
TWO SIGMA INVESTMENTS, LP New +62,813+62.8k
CWM, LLC Added +58,225+58.2k
MILLENNIUM MANAGEMENT LLC New +41,318+41.3k
GOLDMAN SACHS GROUP INC Added +40,693+40.7k
Qube Research & Technologies Ltd Added +32,299+32.3k
Squarepoint Ops LLC Added +30,750+30.8k

Biggest sellers

BROWN ADVISORY INC Sold out -262,451-262.5k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -184,266-184.3k
ALERUS FINANCIAL NA Reduced -123,250-123.2k
MORGAN STANLEY Reduced -118,915-118.9k
PMC FIG Opportunities LLC Sold out -105,734-105.7k
JPMORGAN CHASE & CO Reduced -57,980-58.0k
Empowered Funds, LLC Reduced -38,539-38.5k
MAIRS & POWER INC Reduced -26,330-26.3k
AMERICAN CENTURY COMPANIES INC Reduced -23,791-23.8k
Ategra Capital Management, LLC Sold out -23,702-23.7k

Biggest calls

Biggest puts

CITADEL ADVISORS LLC New $7.8k400 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-02-05 7.3% 1.8m≈ $57.3m 2025-02-05

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
505Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 5 buyingQ1 23: 0 sellingQ2 23: 4 buyingQ2 23: 0 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20220—0——
Q4 20220—0——
Q1 20235$137.5k0——
Q2 20234$111.7k0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALERUS FINANCIAL NA 3.13% of their portfolio GRAND FORKS, ND 2,134,2332.1m $41.9m $41.9m 3.13% Reduced -123.2k -123,250
2 BlackRock Inc. 0.00% of their portfolio New York, NY 1,678,7671.7m $32.9m $32.9m 0.00% Added +249.4k +249,438
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 928,066928.1k $18.2m $18.2m 0.00% Added +16.3k +16,260
4 BANC FUNDS CO LLC 1.26% of their portfolio CHICAGO, IL 543,586543.6k $10.7m $10.7m 1.26% Unchanged
5 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 400,106400.1k $7.8m $7.8m 0.00% Added +13.2k +13,187
6 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 357,157357.2k $7.0m $7.0m 0.00% Added +6.9k +6,930
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 348,152348.2k $6.9m $6.9m 0.00% Added +766 +766
8 ENDEAVOUR CAPITAL ADVISORS INC 1.97% of their portfolio GREENWICH, CT 288,876288.9k $5.7m $5.7m 1.97% Added +73.3k +73,342
9 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 274,615274.6k $5.4m $5.4m 0.00% Added +7.3k +7,300
10 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 171,880171.9k $3.4m $3.4m 0.00% Reduced -5.7k -5,723
11 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 164,895164.9k $3.2m $3.2m 0.00% Reduced -23.8k -23,791
12 Cutler Capital Management, LLC 1.22% of their portfolio WORCESTER, MA 158,972159.0k $3.1m $3.1m 1.22% Added +771 +771
13 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 144,096144.1k $2.8m $2.8m 0.00% Added +2.5k +2,542
14 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio HOUSTON, TX 124,859124.9k $2.4m $2.4m 0.06% Added +3.1k +3,060
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 123,512123.5k $2.4m $2.4m 0.00% Added +5.3k +5,323
16 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 98,35498.4k $1.9m $1.9m 0.00% New
17 MAIRS & POWER INC 0.02% of their portfolio St Paul, MN 97,96498.0k $1.9m $1.9m 0.02% Reduced -26.3k -26,330
18 ZACKS INVESTMENT MANAGEMENT 0.02% of their portfolio Chicago, IL 95,81095.8k $1.9m $1.9m 0.02% Added +13.1k +13,068
19 Keeley-Teton Advisors, LLC 0.23% of their portfolio Chicago, IL 89,82189.8k $1.8m $1.8m 0.23% New
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 78,99179.0k $1.5m $1.5m 0.00% Added +40.7k +40,693
21 Sippican Capital Advisors 1.19% of their portfolio BOSTON, MA 76,86076.9k $1.5m $1.5m 1.19% Added +9.5k +9,470
22 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 69,96470.0k $1.4m $1.4m 0.00% Reduced -8.4k -8,405
23 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 62,81362.8k $1.2m $1.2m 0.00% New
24 BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.08% of their portfolio NEW YORK, NY 60,24060.2k $1.2m $1.2m 0.08% Unchanged
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 58,70058.7k $1.2m $1.2m 0.00% Reduced -118.9k -118,915
26 CWM, LLC 0.01% of their portfolio OMAHA, NE 58,29358.3k $1.1m $1.1m 0.01% Added +58.2k +58,225
27 Wealth Forward, LLC 0.85% of their portfolio FARGO, ND 55,47955.5k $1.1m $1.1m 0.85% Unchanged
28 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 48,00048.0k $941.3k $941.3k 0.00% Added +28.7k +28,700
29 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 46,86546.9k $919.0k $919.0k 0.00% Reduced -14.9k -14,940
30 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 46,83946.8k $918.5k $918.5k 0.00% Added +30.8k +30,750
31 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 45,21745.2k $886.8k $886.8k 0.00% Unchanged
32 Empowered Funds, LLC 0.02% of their portfolio NEWTOWN SQUARE, PA 44,65944.7k $875.8k $875.8k 0.02% Reduced -38.5k -38,539
33 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 41,31841.3k $810.2k $810.2k 0.00% New
34 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 38,56438.6k $727.3k $727.3k 0.00% Added +14.3k +14,273
35 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 35,55135.6k $697.2k $697.2k 0.00% Added +32.3k +32,299
36 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 29,45929.5k $577.7k $577.7k 0.00% Unchanged
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 27,96328.0k $548.4k $548.4k 0.00% Added +595 +595
38 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 26,69926.7k $523.6k $523.6k 0.00% Added +2.4k +2,399
39 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 26,27026.3k $515.1k $515.1k 0.00% Added +110 +110
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,79824.8k $486.3k $486.3k 0.00% Added +7.0k +7,011
41 VERUS CAPITAL PARTNERS, LLC 0.05% of their portfolio SCOTTSDALE, AZ 23,70023.7k $464.8k $464.8k 0.05% Unchanged
42 Mariner, LLC 0.00% of their portfolio Overland Park, KS 20,76720.8k $407.2k $407.2k 0.00% Added +508 +508
43 Petrus Trust Company, LTA 0.04% of their portfolio Dallas, TX 20,55620.6k $403.1k $403.1k 0.04% New
44 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 20,31820.3k $398.4k $398.4k 0.00% New
45 Lafayette Investments, Inc. 0.09% of their portfolio ASHTON, MD 20,10020.1k $394.2k $394.2k 0.09% Unchanged
46 First PREMIER Bank 0.09% of their portfolio SIOUX FALLS, SD 17,03617.0k $334.0k $334.0k 0.09% Unchanged
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,75615.8k $309.0k $309.0k 0.00% Reduced -58.0k -57,980
48 Riverwater Partners LLC 0.21% of their portfolio Milwaukee, WI 15,22915.2k $287.1k $287.1k 0.21% Reduced -1.7k -1,664
49 BAILARD, INC. 0.01% of their portfolio Foster City, CA 13,50013.5k $264.7k $264.7k 0.01% New
50 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 11,52011.5k $225.9k $225.9k 0.00% New
51 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 10,65510.7k $208.9k $208.9k 0.00% Added +929 +929
52 EntryPoint Capital, LLC 0.09% of their portfolio NEW YORK, NY 9,9379.9k $194.9k $194.9k 0.09% New
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 9,8369.8k $192.9k $192.9k 0.00% Added +1.5k +1,504
54 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 9,7629.8k $191.4k $191.4k 0.00% First filing
55 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 9,5959.6k $188.2k $188.2k 0.00% First filing
56 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 9,1519.2k $179.5k $179.5k 0.00% Added +1 +1
57 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,0568.1k $158.0k $158.0k 0.00% Added +1.3k +1,299
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,6876.7k $131.1k $131.1k 0.00% Reduced -12.4k -12,371
59 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 5,8295.8k $113.0k $113.0k 0.00% Reduced -20.5k -20,465
60 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,6785.7k $111.0k $111.0k 0.00% Added +1.3k +1,277
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,6254.6k $90.7k $90.7k 0.00% Added +799 +799
62 Horrell Capital Management, Inc. 0.03% of their portfolio LITTLE ROCK, AR 4,4404.4k $87.0k $87.0k 0.03% Unchanged
63 Aquatic Capital Management LLC 0.00% of their portfolio CHICAGO, IL 3,0003.0k $58.8k $58.8k 0.00% New
64 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,9162.9k $57.2k $57.2k 0.00% Added +2.8k +2,788
65 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,3132.3k $45.4k $45.4k 0.00% Added +96 +96
66 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,2402.2k $43.9k $43.9k 0.00% Reduced -128 -128
67 Hanson & Doremus Investment Management 0.01% of their portfolio BURLINGTON, VT 2,0002.0k $39.0k $39.0k 0.01% Added +1.7k +1,700
68 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,7811.8k $34.9k $34.9k 0.00% Unchanged
69 Legal & General Group Plc 0.00% of their portfolio London, X0 1,5261.5k $29.9k $29.9k 0.00% Unchanged
70 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 1,5191.5k $29.8k $29.8k 0.00% Added +1.2k +1,203
71 FMR LLC 0.00% of their portfolio BOSTON, MA 1,4721.5k $28.9k $28.9k 0.00% Reduced -4 -4
72 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 1,2921.3k $25.3k $25.3k 0.00% Reduced -510 -510
73 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 1,0781.1k $21.0k $21.0k 0.00% Reduced -17 -17
74 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,0101.0k $19.8k $19.8k 0.00% Unchanged
75 Cherry Tree Wealth Management, LLC 0.00% of their portfolio MINNETONKA, MN 830830 $16.3k $16.3k 0.00% Unchanged
76 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 823823 $16.3k $16.3k 0.00% Unchanged
77 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 629629 $12.0k $12.0k 0.00% Added +110 +110
78 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 516516 $10.1k $10.1k 0.00% Added +269 +269
79 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 400400 $7.8k $7.8k 0.00% Reduced -1.8k -1,800
80 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 301301 $5.9k $5.9k 0.00% Reduced -8 -8
81 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 274274 $5.4k $5.4k 0.00% New
82 COMERICA BANK 0.00% of their portfolio DALLAS, TX 204204 $4.0k $4.0k 0.00% Reduced -325 -325
83 Continuum Advisory, LLC 0.00% of their portfolio EAGLE, ID 128128 $2.5k $2.5k 0.00% Unchanged
84 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 125125 $2.5k $2.5k 0.00% Reduced -15 -15
85 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 125125 $2.3k $2.3k 0.00% New
86 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 8585 $1.8k $1.8k 0.00% Added +16 +16
87 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 6969 $1.4k $1.4k 0.00% New
88 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 6464 $1.3k $1.3k 0.00% New
89 Abich Financial Wealth Management LLC 0.00% of their portfolio ASHBURN, VA 5757 $1.1k $1.1k 0.00% New
90 Private Wealth Management Group, LLC 0.00% of their portfolio PRINCETON, NJ 4747 $922 $922 0.00% Unchanged
91 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 2525 $490 $490 0.00% New
92 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 2424 $0 $0 0.00% Unchanged
93 ClariVest Asset Management LLC 0.00% of their portfolio SAN DIEGO, CA 2323 $451 $451 0.00% Reduced -38 -38
94 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 00 $2 $2 0.00% Reduced -10 -10