ALERUS FINANCIAL NA Q1 2018 Filing

Filed May 10, 2018

Portfolio Value

$696.4B

Holdings

136

Report Date

Q1 2018

Filing Type

13F-HR

All Holdings (136 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVANGUARD INDEX FDS	303,199	$73.4B	10.54%
2	AGGISHARES TRUST	528,154	$56.6B	8.13%
3	IWMISHARES TRUST	244,855	$37.2B	5.34%
4	VONEVANGUARD SCOTTSDALE FDS	164,491	$19.9B	2.86%
5	MSFTMICROSOFT INC	217,768	$19.9B	2.85%
6	IWRISHARES RUSSELL MIDCAP	93,458	$19.3B	2.77%
7	AAPLAPPLE COMPUTER	107,305	$18.0B	2.59%
8	GOOGLALPHABET INC	13,001	$13.5B	1.94%
9	VCITVANGUARD SCOTTSDALE FDS	151,603	$12.9B	1.85%
10	METAFACEBOOK INC	79,394	$12.7B	1.82%
11	JPMJP MORGAN CHASE & CO	113,943	$12.5B	1.80%
12	JNJJOHNSON AND JOHNSON	89,998	$11.5B	1.66%
13	SPYSPDR S &P 500 ETF TR	40,870	$10.8B	1.54%
14	WFCWELLS FARGO & CO NEW CO	193,579	$10.1B	1.46%
15	BRK/BBERKSHIRE HATHAWAY	47,662	$9.5B	1.37%
16	XHBSPDR SERIES TRUST	210,360	$8.6B	1.23%
17	LOWLOWES COMPANIES INC	95,284	$8.4B	1.20%
18	VVISA INC	69,360	$8.3B	1.19%
19	4I1PHILIP MORRIS	78,516	$7.8B	1.12%
20	PFEPFIZER INC	217,367	$7.7B	1.11%
21	PEPPEPSICO INC	70,007	$7.6B	1.10%
22	IBBISHARES TRUST	70,644	$7.5B	1.08%
23	IEFISHARES TRUST	72,053	$7.4B	1.07%
24	XLUSELECT SECTOR SPDR TR	146,547	$7.4B	1.06%
25	TRVCCITIGROUP INC	102,227	$6.9B	0.99%
26	UNHUNITEDHEALTH GROUP INC	31,850	$6.8B	0.98%
27	CTSHCOGNIZANT TECH SOLUTION	81,948	$6.6B	0.95%
28	—DOWDUPONT INC	100,516	$6.4B	0.92%
29	BKNGBOOKING HLDGS INC	2,889	$6.0B	0.86%
30	CMCSACOMCAST CORP	168,729	$5.8B	0.83%
31	PRUPRUDENTIAL FINANCIAL IN	54,895	$5.7B	0.82%
32	HONHONEYWELL INTL INC	38,761	$5.6B	0.80%
33	MARMARRIOTT INTERNATIONAL INC	40,535	$5.5B	0.79%
34	XLBSELECT SECTOR SPDR TR	94,464	$5.4B	0.77%
35	MDTMEDTRONIC HLDG PLC	66,449	$5.3B	0.77%
36	AXPAMERICAN EXPRESS CO	56,617	$5.3B	0.76%
37	XLYSELECT SECTOR SPDR TR	52,115	$5.3B	0.76%
38	XOMEXXON MOBIL CORP	69,946	$5.2B	0.75%
39	—ALLERGAN PLC	30,267	$5.1B	0.73%
40	CVXCHEVRON TEXACO	43,702	$5.0B	0.72%
41	USBUS BANCORP DEL	98,376	$5.0B	0.71%
42	VOVANGUARD INDEX FDS	32,026	$4.9B	0.71%
43	BDXBECTON DICKINSON & COMP	22,438	$4.9B	0.70%
44	EMREMERSON ELECTIC CO	70,741	$4.8B	0.69%
45	ACNACCENTURE PLC IRELAND	31,335	$4.8B	0.69%
46	—INTERCONTINENTAL EXCHAN	65,268	$4.7B	0.68%
47	FTVFORTIVE CORP	60,514	$4.7B	0.67%
48	EAELECTRONIC ARTS INC DEL	38,213	$4.6B	0.67%
49	MDLZMONDELEZ INTL INC	109,773	$4.6B	0.66%
50	AMTAMERICAN TOWER CORP	31,453	$4.6B	0.66%
51	QCOMQUALCOMM INC	82,486	$4.6B	0.66%
52	—MYLAN NV	109,314	$4.5B	0.65%
53	DISDISNEY	43,698	$4.4B	0.63%
54	NSCNORFOLK SOUTHERN CORP	30,622	$4.2B	0.60%
55	EBAEBAY INC	101,754	$4.1B	0.59%
56	XLISELECT SECTOR SPDR TR	54,172	$4.0B	0.58%
57	MASMASCO CORP	98,783	$4.0B	0.57%
58	TLTISHARES TRUST	31,958	$3.9B	0.56%
59	CSCOCISCO SYSTEMS	88,243	$3.8B	0.54%
60	INTCINTEL INC	71,989	$3.7B	0.54%
61	—SHIRE PLC	23,756	$3.5B	0.51%
62	HALHALLIBURTON COMPANY	73,844	$3.5B	0.50%
63	GDGENERAL DYNAMICS	15,624	$3.5B	0.50%
64	BACVERIZON COMMUNICATION	66,933	$3.2B	0.46%
65	CLCOLGATE-PALMOLIVE	44,030	$3.2B	0.45%
66	MCHPMICROCHIP TECHNOLOGY INC	34,387	$3.1B	0.45%
67	MCDMCDONALDS CORP	20,065	$3.1B	0.45%
68	RYROYAL BANK CANADA	40,158	$3.1B	0.45%
69	DUKDUKE ENERGY CORP NEW	38,709	$3.0B	0.43%
70	PYPLPAYPAL HLDGS INC	38,958	$3.0B	0.42%
71	SOSOUTHERN COMPANY	65,617	$2.9B	0.42%
72	RDS/AROYAL DUTCH SHELL PLC	44,913	$2.9B	0.41%
73	ELLAUDER ESTEE COS INC	18,703	$2.8B	0.40%
74	DHRDANAHER CORPORATION	28,547	$2.8B	0.40%
75	IVVISHARES TRUST	10,497	$2.8B	0.40%
76	AQLTISHARES TRUST	43,694	$2.8B	0.40%
77	TAT&T INC	77,604	$2.8B	0.40%
78	TTENTOTAL S A	47,512	$2.7B	0.39%
79	ETNEATON CORP PLC	33,941	$2.7B	0.39%
80	MRKMERCK & CO INC	44,021	$2.4B	0.34%
81	HDHOME DEPOT INC	12,118	$2.2B	0.31%
82	VYMVANGUARD HIGH DIVIDEND	25,793	$2.1B	0.31%
83	PGPROCTER AND GAMBLE COMP	26,410	$2.1B	0.30%
84	KHCKRAFT HEINZ CO	32,692	$2.0B	0.29%
85	SLBSCHLUMBERGER LTD	31,382	$2.0B	0.29%
86	ABBVABBVIE INC	21,240	$2.0B	0.29%
87	ZBHZIMMER BIOMET HLDGS INC	18,430	$2.0B	0.29%
88	CVSCVS CORP	31,825	$2.0B	0.28%
89	LUVSOUTHWEST AIRLINES	30,819	$1.8B	0.25%
90	SYFSYNCHRONY FINL	52,058	$1.7B	0.25%
91	TTWOTAKE-2 INTERACTIVE SOFTWAR	17,316	$1.7B	0.24%
92	UPSUNITED PARCEL SERVICE	13,715	$1.4B	0.21%
93	IJHISHARES TRUST	6,742	$1.3B	0.18%
94	VNQVANGUARD INDEX FDS	16,145	$1.2B	0.18%
95	IGSBISHARES 1-3YR CREDIT BO	11,482	$1.2B	0.17%
96	IVWISHARES S&P 500 GROWTH	7,262	$1.1B	0.16%
97	DYHTARGET CORP	15,240	$1.1B	0.15%
98	LVSLAS VEGAS SANDS CORP	14,541	$1.0B	0.15%
99	AQLTISHARES TRUST	10,934	$1.0B	0.15%
100	AMLPUSDALPS ETF TR	96,816	$907.0M	0.13%

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