ALERUS FINL CORP ALRS
COM · Common Stock · CUSIP 01446U103
- SectorFinancials
- IndustryNational Commercial Banks
- HeadquartersGrand Forks, ND
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 78 |
| Q4 2022 | 79 |
| Q1 2023 | 68 |
| Q2 2023 | 68 |
| Q3 2023 | 72 |
| Q4 2023 | 80 |
| Q1 2024 | 89 |
| Q2 2024 | 94 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 29 | 28 |
| Q1 2023 | 35 | 35 |
| Q2 2023 | 38 | 21 |
| Q3 2023 | 30 | 23 |
| Q4 2023 | 37 | 24 |
| Q1 2024 | 37 | 31 |
| Q2 2024 | 53 | 35 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $0 | $0 | — |
| Q4 2023 | $2.2k | $49.3k | 22.00 |
| Q1 2024 | $0 | $0 | — |
| Q2 2024 | $0 | $7.8k | — |
Biggest buyers
| BlackRock Inc. | Added | +249.4k |
| CITADEL ADVISORS LLC | New | +98.4k |
| Keeley-Teton Advisors, LLC | New | +89.8k |
| ENDEAVOUR CAPITAL ADVISORS INC | Added | +73.3k |
| TWO SIGMA INVESTMENTS, LP | New | +62.8k |
| CWM, LLC | Added | +58.2k |
| MILLENNIUM MANAGEMENT LLC | New | +41.3k |
| GOLDMAN SACHS GROUP INC | Added | +40.7k |
| Qube Research & Technologies Ltd | Added | +32.3k |
| Squarepoint Ops LLC | Added | +30.8k |
Biggest sellers
| BROWN ADVISORY INC | Sold out | -262.5k |
| BOOTHBAY FUND MANAGEMENT, LLC | Sold out | -184.3k |
| ALERUS FINANCIAL NA | Reduced | -123.2k |
| MORGAN STANLEY | Reduced | -118.9k |
| PMC FIG Opportunities LLC | Sold out | -105.7k |
| JPMORGAN CHASE & CO | Reduced | -58.0k |
| Empowered Funds, LLC | Reduced | -38.5k |
| MAIRS & POWER INC | Reduced | -26.3k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -23.8k |
| Ategra Capital Management, LLC | Sold out | -23.7k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 7.3% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 5 | $137.5k | 0 | — | — |
| Q2 2023 | 4 | $111.7k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| ALERUS FINANCIAL NA 3.13% of their portfolio | 2.1m $41.9m | Reduced -123.2k |
| BlackRock Inc. 0.00% of their portfolio | 1.7m $32.9m | Added +249.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 928.1k $18.2m | Added +16.3k |
| BANC FUNDS CO LLC 1.26% of their portfolio | 543.6k $10.7m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 400.1k $7.8m | Added +13.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 357.2k $7.0m | Added +6.9k |
| STATE STREET CORP 0.00% of their portfolio | 348.2k $6.9m | Added +766 |
| ENDEAVOUR CAPITAL ADVISORS INC 1.97% of their portfolio | 288.9k $5.7m | Added +73.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 274.6k $5.4m | Added +7.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 171.9k $3.4m | Reduced -5.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 164.9k $3.2m | Reduced -23.8k |
| Cutler Capital Management, LLC 1.22% of their portfolio | 159.0k $3.1m | Added +771 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 144.1k $2.8m | Added +2.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 124.9k $2.4m | Added +3.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 123.5k $2.4m | Added +5.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 98.4k $1.9m | New |
| MAIRS & POWER INC 0.02% of their portfolio | 98.0k $1.9m | Reduced -26.3k |
| ZACKS INVESTMENT MANAGEMENT 0.02% of their portfolio | 95.8k $1.9m | Added +13.1k |
| Keeley-Teton Advisors, LLC 0.23% of their portfolio | 89.8k $1.8m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 79.0k $1.5m | Added +40.7k |
| Sippican Capital Advisors 1.19% of their portfolio | 76.9k $1.5m | Added +9.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 70.0k $1.4m | Reduced -8.4k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 62.8k $1.2m | New |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.08% of their portfolio | 60.2k $1.2m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 58.7k $1.2m | Reduced -118.9k |
| CWM, LLC 0.01% of their portfolio | 58.3k $1.1m | Added +58.2k |
| Wealth Forward, LLC 0.85% of their portfolio | 55.5k $1.1m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 48.0k $941.3k | Added +28.7k |
| Invesco Ltd. 0.00% of their portfolio | 46.9k $919.0k | Reduced -14.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 46.8k $918.5k | Added +30.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 45.2k $886.8k | Unchanged |
| Empowered Funds, LLC 0.02% of their portfolio | 44.7k $875.8k | Reduced -38.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 41.3k $810.2k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 38.6k $727.3k | Added +14.3k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 35.6k $697.2k | Added +32.3k |
| Cetera Investment Advisers 0.00% of their portfolio | 29.5k $577.7k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 28.0k $548.4k | Added +595 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 26.7k $523.6k | Added +2.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 26.3k $515.1k | Added +110 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 24.8k $486.3k | Added +7.0k |
| VERUS CAPITAL PARTNERS, LLC 0.05% of their portfolio | 23.7k $464.8k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 20.8k $407.2k | Added +508 |
| Petrus Trust Company, LTA 0.04% of their portfolio | 20.6k $403.1k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 20.3k $398.4k | New |
| Lafayette Investments, Inc. 0.09% of their portfolio | 20.1k $394.2k | Unchanged |
| First PREMIER Bank 0.09% of their portfolio | 17.0k $334.0k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 15.8k $309.0k | Reduced -58.0k |
| Riverwater Partners LLC 0.21% of their portfolio | 15.2k $287.1k | Reduced -1.7k |
| BAILARD, INC. 0.01% of their portfolio | 13.5k $264.7k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 11.5k $225.9k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 10.7k $208.9k | Added +929 |
| EntryPoint Capital, LLC 0.09% of their portfolio | 9.9k $194.9k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 9.8k $192.9k | Added +1.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 9.8k $191.4k | First filing |
| Corebridge Financial, Inc. 0.00% of their portfolio | 9.6k $188.2k | First filing |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 9.2k $179.5k | Added +1 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 8.1k $158.0k | Added +1.3k |
| UBS Group AG 0.00% of their portfolio | 6.7k $131.1k | Reduced -12.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 5.8k $113.0k | Reduced -20.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 5.7k $111.0k | Added +1.3k |
| CITIGROUP INC 0.00% of their portfolio | 4.6k $90.7k | Added +799 |
| Horrell Capital Management, Inc. 0.03% of their portfolio | 4.4k $87.0k | Unchanged |
| Aquatic Capital Management LLC 0.00% of their portfolio | 3.0k $58.8k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.9k $57.2k | Added +2.8k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.3k $45.4k | Added +96 |
| US BANCORP \DE\ 0.00% of their portfolio | 2.2k $43.9k | Reduced -128 |
| Hanson & Doremus Investment Management 0.01% of their portfolio | 2.0k $39.0k | Added +1.7k |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.8k $34.9k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 1.5k $29.9k | Unchanged |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 1.5k $29.8k | Added +1.2k |
| FMR LLC 0.00% of their portfolio | 1.5k $28.9k | Reduced -4 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 1.3k $25.3k | Reduced -510 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 1.1k $21.0k | Reduced -17 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.0k $19.8k | Unchanged |
| Cherry Tree Wealth Management, LLC 0.00% of their portfolio | 830 $16.3k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 823 $16.3k | Unchanged |
| AMALGAMATED BANK 0.00% of their portfolio | 629 $12.0k | Added +110 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 516 $10.1k | Added +269 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 400 $7.8k | Reduced -1.8k |
| Avior Wealth Management, LLC 0.00% of their portfolio | 301 $5.9k | Reduced -8 |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 274 $5.4k | New |
| COMERICA BANK 0.00% of their portfolio | 204 $4.0k | Reduced -325 |
| Continuum Advisory, LLC 0.00% of their portfolio | 128 $2.5k | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 125 $2.5k | Reduced -15 |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 125 $2.3k | New |
| Allworth Financial LP 0.00% of their portfolio | 85 $1.8k | Added +16 |
| Lindbrook Capital, LLC 0.00% of their portfolio | 69 $1.4k | New |
| Arax Advisory Partners 0.00% of their portfolio | 64 $1.3k | New |
| Abich Financial Wealth Management LLC 0.00% of their portfolio | 57 $1.1k | New |
| Private Wealth Management Group, LLC 0.00% of their portfolio | 47 $922 | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 25 $490 | New |
| Capital Advisors, Ltd. LLC 0.00% of their portfolio | 24 $0 | Unchanged |
| ClariVest Asset Management LLC 0.00% of their portfolio | 23 $451 | Reduced -38 |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 0 $2 | Reduced -10 |