Institution Information
Reportee Signature Date Report period Total Entries Total Value($)
ALERUS FINANCIAL NA 08-13-2019 06-30-2019 149 741,269,000
Institutional Holdings
Issuer Class Position Value Shares Portfolio Percentage (%) Previous Percentage (%) Shares Delta Shares Delta(%)
VANGUARD INDEX FDS S&P 500 EFT SH 1 $72,637,000 269,875 9.80 9.88 -3,369 -1.23
ISHARES TRUST CORE TOTUSBD ETF 2 $57,763,000 518,756 7.79 7.70 12,272 2.42
MICROSOFT INC COM 3 $41,687,000 311,191 5.62 4.08 62,705 25.23
ISHARES TRUST RUSSELL 2000 4 $37,216,000 239,330 5.02 5.07 1,733 0.73
SPDR S &P 500 ETF TR TR UNIT 5 $26,627,000 90,877 3.59 3.75 -4,345 -4.56
APPLE COMPUTER COM 6 $20,424,000 103,191 2.76 2.81 -3,008 -2.83
ISHARES RUSSELL MIDCAP X FDETF 7 $18,786,000 336,244 2.53 2.49 5,200 1.57
VANGUARD SCOTTSDALE FDS VNG RUS1000IDX 8 $18,764,000 139,295 2.53 2.51 619 0.45
JP MORGAN CHASE & CO COM 9 $14,505,000 129,738 1.96 1.83 133 0.10
JOHNSON AND JOHNSON COM 10 $12,744,000 91,503 1.72 1.76 1,283 1.42
AMAZON .COM INC COM 11 $12,047,000 6,362 1.63 0.87 2,872 82.29
VISA INC COM CL A 12 $11,773,000 67,839 1.59 1.47 261 0.39
ALPHABET INC COM 13 $11,608,000 10,721 1.57 1.91 -915 -7.86
FACEBOOK INC COM 14 $10,393,000 53,851 1.40 1.75 -21,402 -28.44
BERKSHIRE HATHAWAY CL B NEW 15 $9,707,000 45,536 1.31 1.33 -1,946 -4.10
PFIZER INC COM 16 $9,503,000 219,379 1.28 1.40 -16,505 -7.00
BERKSHIRE HATHAWAY CALL B NEW Liquidated $0 0 1.43 45,547 +Inf
VANGUARD SCOTTSDALE FDS INT-TERM CORP 18 $8,452,000 94,065 1.14 1.15 -714 -0.75
MERCK & CO INC COM 19 $8,420,000 100,416 1.14 0.94 19,220 23.67
HONEYWELL INTL INC COM 20 $8,238,000 47,186 1.11 1.09 -2,091 -4.24
ISHARES TRUST 7-10 Y TR BD ETF 21 $8,178,000 74,334 1.10 1.11 -376 -0.50
UNITEDHEALTH GROUP INC COM 22 $8,024,000 32,884 1.08 1.13 181 0.55
SELECT SECTOR SPDR TR TECHNOLOGY 23 $7,935,000 101,680 1.07 1.59 -52,642 -34.11
EMERSON ELECTIC CO COM 24 $7,787,000 116,711 1.05 1.09 2,396 2.10
CHEVRON TEXACO COM 25 $7,385,000 59,348 1.00 1.04 -1,512 -2.48
BANK OF AMERICA COM 26 $7,239,000 249,627 0.98 0.97 -3,333 -1.32
PHILIP MORRIS COM 27 $6,973,000 88,789 0.94 1.10 -908 -1.01
CITIGROUP INC COM 28 $6,886,000 98,332 0.93 0.86 -1,322 -1.33
COMCAST CORP COM 29 $6,496,000 153,655 0.88 0.90 -8,133 -5.03
INTERCONTINENTAL EXCHAN COM 30 $6,488,000 75,504 0.88 0.77 3,386 4.70
MEDTRONIC HLDG PLC SHS 31 $6,341,000 65,105 0.86 0.83 0 0.00
NORFOLK SOUTHERN CORP COM 32 $6,105,000 30,625 0.82 0.83 -1,327 -4.15
SELECT SECTOR SPDR TR SBI MATERIALS 33 $6,021,000 102,927 0.81 0.81 -1,475 -1.41
TARGET CORP COM 34 $5,702,000 65,835 0.77 0.37 32,892 99.85
INTERCONTINENTAL EXCHAN COM Liquidated $0 0 0.85 73,321 +Inf
AMERICAN EXPRESS CO COM 36 $5,493,000 44,502 0.74 0.71 -1,872 -4.04
SELECT SECTOR SPDR TR SBI CONS STPLS 37 $5,390,000 92,820 0.73 0.89 -20,470 -18.07
LOWES COMPANIES INC COM 38 $5,333,000 52,853 0.72 1.08 -17,650 -25.03
DANAHER CORPORATION COM 39 $5,193,000 36,344 0.70 0.69 -1,342 -3.56
DUKE ENERGY CORP NEW COM NEW 40 $5,137,000 58,217 0.69 0.70 2,561 4.60
AMERICAN TOWER CORP COM 41 $5,121,000 25,048 0.69 0.70 -467 -1.83
SELECT SECTOR SPDR TR SBI HEALTHCARE 42 $5,051,000 54,528 0.68 0.62 6,251 12.95
VERIZON COMMUNICATION COM 43 $4,960,000 86,823 0.67 0.74 -2,668 -2.98
BECTON DICKINSON & COMP COM 44 $4,959,000 19,678 0.67 0.86 -5,095 -20.57
ISHARES TRUST 20 YR TR BD ETF 45 $4,872,000 36,683 0.66 0.62 1,435 4.07
VANGUARD INDEX FDS MID CAP ETF 46 $4,759,000 28,468 0.64 0.64 -9 -0.03
ABBOTT LABORATORIES COM 47 $4,360,000 51,840 0.59 0.56 1,218 2.41
MCDONALDS CORP COM 48 $4,302,000 20,716 0.58 0.58 -1,023 -4.71
MARRIOTT INTERNATIONAL INC COM 49 $4,199,000 29,937 0.57 0.60 -4,559 -13.22
BROADCOM INC COM 50 $4,167,000 14,475 0.56 0.59 348 2.46
COLGATE-PALMOLIVE COM 51 $4,040,000 56,376 0.55 0.55 -1,697 -2.92
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