Alerus Financial NA Portfolio Analysis: Q3 2026 Investment Activity

As of June 30th, 2026, Alerus Financial NA's portfolio held a substantial value. The investment strategy appears heavily weighted towards broad market exposure via VOO.

Several key holdings experienced changes during the quarter:

• Purchases: Alerus significantly increased its stake in several companies, including adding new positions like IMMUNOME INC (IMNM) and ISHARES TR (PFF) (PFF). Additionally, there were notable increases in existing holdings such as ALERUS FINL CORP (ALRS) and DIMENSIONAL ETF TRUST (DFAX) (DFAX). Other additions include HEWLETT PACKARD ENTERPRISE CO (HPE) and KEYCORP (KEY).
• Sales: The investor also made significant adjustments, notably reducing positions in VANGUARD SCOTTSDALE FDS (VCSH) (VCSH) and INVESCO EXCH TRD SLF IDX FD (BSCQ) (BSCQ). Other notable decreases include ALERUS FINL CORP (ALRS) and DIMENSIONAL ETF TRUST (DFAX) (DFAX). Some holdings saw large reductions, while others experienced smaller decreases.
• Portfolio Context: The portfolio's largest allocation remains VOO at 22.52%, followed by DFAX and ALRS. Technology is a significant sector within the portfolio, represented by multiple holdings including new positions like AVGO (BROADCOM INC) (AVGO) and IMNM.

The overall portfolio shows diversification across various sectors, with notable allocations in Technology, Financial Services, Healthcare, and others. The top holdings list indicates that VOO is the most significant position by far.

For a more detailed breakdown of all holdings and their respective weights as of June 30th, 2026, please refer to Alerus Financial NA's portfolio data.