ALERUS FINANCIAL NA Q2 2019 Filing

Filed August 13, 2019

Portfolio Value

$741.3M

Holdings

149

Report Date

Q2 2019

Filing Type

13F-HR

All Holdings (149 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVANGUARD INDEX FDS	269,875	$72.6M	9.80%
2	AGGISHARES TRUST	518,756	$57.8M	7.79%
3	MSFTMICROSOFT INC	311,191	$41.7M	5.62%
4	IWMISHARES TRUST	239,330	$37.2M	5.02%
5	SPYSPDR S &P 500 ETF TR	90,877	$26.6M	3.59%
6	AAPLAPPLE COMPUTER	103,191	$20.4M	2.76%
7	IWRISHARES RUSSELL MIDCAP	336,244	$18.8M	2.53%
8	VONEVANGUARD SCOTTSDALE FDS	139,295	$18.8M	2.53%
9	JPMJP MORGAN CHASE & CO	129,738	$14.5M	1.96%
10	JNJJOHNSON AND JOHNSON	91,503	$12.7M	1.72%
11	AMZNAMAZON .COM INC	6,362	$12.0M	1.63%
12	VVISA INC	67,839	$11.8M	1.59%
13	GOOGLALPHABET INC	10,721	$11.6M	1.57%
14	METAFACEBOOK INC	53,851	$10.4M	1.40%
15	BRK/BBERKSHIRE HATHAWAY	45,536	$9.7M	1.31%
16	PFEPFIZER INC	219,379	$9.5M	1.28%
17	VCITVANGUARD SCOTTSDALE FDS	94,065	$8.5M	1.14%
18	MRKMERCK & CO INC	100,416	$8.4M	1.14%
19	HONHONEYWELL INTL INC	47,186	$8.2M	1.11%
20	IEFISHARES TRUST	74,334	$8.2M	1.10%
21	UNHUNITEDHEALTH GROUP INC	32,884	$8.0M	1.08%
22	XLKSELECT SECTOR SPDR TR	101,680	$7.9M	1.07%
23	EMREMERSON ELECTIC CO	116,711	$7.8M	1.05%
24	CVXCHEVRON TEXACO	59,348	$7.4M	1.00%
25	BACBANK OF AMERICA	249,627	$7.2M	0.98%
26	4I1PHILIP MORRIS	88,789	$7.0M	0.94%
27	TRVCCITIGROUP INC	98,332	$6.9M	0.93%
28	CMCSACOMCAST CORP	153,655	$6.5M	0.88%
29	ICEINTERCONTINENTAL EXCHAN	75,504	$6.5M	0.88%
30	MDTMEDTRONIC HLDG PLC	65,105	$6.3M	0.86%
31	NSCNORFOLK SOUTHERN CORP	30,625	$6.1M	0.82%
32	XLBSELECT SECTOR SPDR TR	102,927	$6.0M	0.81%
33	DYHTARGET CORP	65,835	$5.7M	0.77%
34	AXPAMERICAN EXPRESS CO	44,502	$5.5M	0.74%
35	XLFISELECT SECTOR SPDR TR	92,820	$5.4M	0.73%
36	LOWLOWES COMPANIES INC	52,853	$5.3M	0.72%
37	DHRDANAHER CORPORATION	36,344	$5.2M	0.70%
38	DUKDUKE ENERGY CORP NEW	58,217	$5.1M	0.69%
39	AMTAMERICAN TOWER CORP	25,048	$5.1M	0.69%
40	XLVSELECT SECTOR SPDR TR	54,528	$5.1M	0.68%
41	BACVERIZON COMMUNICATION	86,823	$5.0M	0.67%
42	BDXBECTON DICKINSON & COMP	19,678	$5.0M	0.67%
43	TLTISHARES TRUST	36,683	$4.9M	0.66%
44	VOVANGUARD INDEX FDS	28,468	$4.8M	0.64%
45	ABTABBOTT LABORATORIES	51,840	$4.4M	0.59%
46	MCDMCDONALDS CORP	20,716	$4.3M	0.58%
47	MARMARRIOTT INTERNATIONAL INC	29,937	$4.2M	0.57%
48	AVGOBROADCOM INC	14,475	$4.2M	0.56%
49	CLCOLGATE-PALMOLIVE	56,376	$4.0M	0.55%
50	SOSOUTHERN COMPANY	71,155	$3.9M	0.53%
51	XLUSELECT SECTOR SPDR TR	64,974	$3.9M	0.52%
52	ETNEATON CORP PLC	44,710	$3.7M	0.50%
53	ROSTROSS STORES INC	37,554	$3.7M	0.50%
54	TMOTHERMO FISHER SCIENTIFIC	12,637	$3.7M	0.50%
55	RTN1USDRAYTHEON CO	21,303	$3.7M	0.50%
56	TAT&T INC	110,504	$3.7M	0.50%
57	IBBISHARES TRUST	33,838	$3.7M	0.50%
58	INTCINTEL INC	75,326	$3.6M	0.49%
59	FTVFORTIVE CORP	44,219	$3.6M	0.49%
60	WFCWELLS FARGO & CO NEW CO	74,704	$3.5M	0.48%
61	ACNACCENTURE PLC IRELAND	18,934	$3.5M	0.47%
62	AQLTISHARES TRUST	61,093	$3.4M	0.46%
63	PGPROCTER AND GAMBLE COMP	30,620	$3.4M	0.45%
64	TTWOTAKE-2 INTERACTIVE SOFTWAR	28,837	$3.3M	0.44%
65	CSCOCISCO SYSTEMS	58,934	$3.2M	0.44%
66	BABOEING COMPANY	8,693	$3.2M	0.43%
67	PRUPRUDENTIAL FINANCIAL IN	31,141	$3.1M	0.42%
68	MDLZMONDELEZ INTL INC	56,968	$3.1M	0.41%
69	HDHOME DEPOT INC	14,646	$3.0M	0.41%
70	TXNTEXAS INSTRUMENTS INC	26,534	$3.0M	0.41%
71	XLYSELECT SECTOR SPDR TR	25,192	$3.0M	0.41%
72	TTENTOTAL S A	52,492	$2.9M	0.40%
73	ADBEADOBE SYSTEMS INC	9,587	$2.8M	0.38%
74	IBMIBM	19,654	$2.7M	0.37%
75	ATVIEURACTIVISION BLIZZARD INC	56,064	$2.6M	0.36%
76	LVSLAS VEGAS SANDS CORP	44,070	$2.6M	0.35%
77	CRMSALESFORCE.COM INC	16,015	$2.4M	0.33%
78	XLCSELECT SECTOR SPDR TR	49,107	$2.4M	0.33%
79	ELLAUDER ESTEE COS INC	13,140	$2.4M	0.32%
80	NKENIKE INC	27,080	$2.3M	0.31%
81	LMTLOCKHEED MARTIN CORP	6,215	$2.3M	0.30%
82	KHCKRAFT HEINZ CO	71,071	$2.2M	0.30%
83	NVDANIVIDIA CORP	12,936	$2.1M	0.29%
84	NFLXNETFLIX INC	5,757	$2.1M	0.29%
85	EAELECTRONIC ARTS INC DEL	20,228	$2.0M	0.28%
86	XOMEXXON MOBIL CORP	24,920	$1.9M	0.26%
87	GSKGLAXOSMITHKLINE PLC	46,991	$1.9M	0.25%
88	SCHWSCHWAB CHARLES CORP NEW	46,644	$1.9M	0.25%
89	CAGCONAGRA FOOD INC	70,516	$1.9M	0.25%
90	BSXBOSTON SCIENTIFIC	42,272	$1.8M	0.25%
91	MCHPMICROCHIP TECHNOLOGY INC	19,938	$1.7M	0.23%
92	METMETLIFE INC	34,757	$1.7M	0.23%
93	XLISELECT SECTOR SPDR TR	22,176	$1.7M	0.23%
94	XLESELECT SECTOR SPDR TR	26,440	$1.7M	0.23%
95	DGDOLLAR GEN CORP NEW	11,990	$1.6M	0.22%
96	VNQVANGUARD INDEX FDS	16,089	$1.4M	0.19%
97	ECLECOLAB INC	5,976	$1.2M	0.16%
98	WHWYNDHAM HOTELS AND RESORTS	19,696	$1.1M	0.15%
99	IVWISHARES S&P 500 GROWTH	5,969	$1.1M	0.14%
100	RYROYAL BANK CANADA	13,248	$1.1M	0.14%

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