ALERUS FINANCIAL CORP - Common Stock (ALRS) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
ALRS on Nasdaq
Shares outstanding
25,437,673
Price per share
$23.21
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
13,081,280
Total reported value
$294,491,108
% of total 13F portfolios
0%
Share change
+454,063
Value change
+$10,242,979
Number of holders
100
Price from insider filings
$23.21
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of ALERUS FINANCIAL CORP - Common Stock (ALRS) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BlackRock, Inc. 7.3% $29,731,316 1,843,231 BlackRock, Inc. 31 Dec 2024
VANGUARD GROUP INC 5.1% $29,071,547 1,289,690 The Vanguard Group 31 Dec 2025
Alerus Financial Corp Employee Stock Ownership Plan 4.1% -48% $16,717,067 -$15,759,752 1,036,396 -49% Alerus Financial Corp Employee Stock Ownership Plan 31 Mar 2025

As of 31 Dec 2025, 100 institutional investors reported holding 13,081,280 shares of ALERUS FINANCIAL CORP - Common Stock (ALRS). This represents 51% of the company’s total 25,437,673 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of ALERUS FINANCIAL CORP - Common Stock (ALRS) together control 45% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
ALERUS FINANCIAL NA 9% 2,289,199 -1.1% 2.5% $51,552,761
BlackRock, Inc. 7.1% 1,801,441 +0.66% 0% $40,568,445
VANGUARD GROUP INC 5.1% 1,289,690 +1.6% 0% $29,043,818
DIMENSIONAL FUND ADVISORS LP 3.3% 830,052 +4.2% 0% $18,692,241
GEODE CAPITAL MANAGEMENT, LLC 2.4% 603,392 +4% 0% $13,591,181
ENDEAVOUR CAPITAL ADVISORS INC 2% 516,532 +0.51% 3.2% $11,632,301
STATE STREET CORP 1.9% 476,030 +0.91% 0% $10,819,086
M3F, Inc. 1.6% 411,163 +57% 2.5% $9,259,000
Phocas Financial Corp. 1.3% 334,357 +102% 0.98% $7,529,720
MORGAN STANLEY 1.2% 304,601 -1.2% 0% $6,859,620
GOLDMAN SACHS GROUP INC 1.2% 298,060 +37% 0% $6,712,315
CHOREO, LLC 1.2% 294,571 -0.03% 0.08% $6,559,960
GRACE & WHITE INC /NY 1% 256,233 0% 1% $5,770,367
GENDELL JEFFREY L 0.92% 233,700 0% 0.09% $5,262,924
BANC FUNDS CO LLC 0.85% 214,967 -24% 0.96% $4,841,057
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.81% 207,200 -2% 0% $4,666,144
CSM Advisors, LLC 0.79% 201,940 +9.5% 0.12% $4,548,000
AMERICAN CENTURY COMPANIES INC 0.72% 182,533 +45% 0% $4,110,643
Cutler Capital Management, LLC 0.54% 138,000 -6.8% 0.93% $3,107,760
GABELLI FUNDS LLC 0.54% 137,821 0% 0.02% $3,103,729
Bank of New York Mellon Corp 0.47% 119,042 +6.6% 0% $2,680,822
RENAISSANCE TECHNOLOGIES LLC 0.47% 119,012 +34% 0% $2,680,150
Sippican Capital Advisors 0.45% 113,841 +1.8% 1.6% $2,563,699
LOS ANGELES CAPITAL MANAGEMENT LLC 0.41% 103,334 +8.3% 0.01% $2,191,714
ACADIAN ASSET MANAGEMENT LLC 0.36% 90,806 +0.12% 0% $2,043,000

Institutional Holders of ALERUS FINANCIAL CORP - Common Stock (ALRS) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 13,081,280 $294,491,108 +$10,242,979 $22.52 100
2025 Q3 14,756,010 $326,785,720 +$17,236,411 $22.14 133
2025 Q2 13,974,174 $302,532,875 +$19,100,454 $21.64 123
2025 Q1 13,555,666 $250,372,075 +$4,874,457 $18.46 112
2024 Q4 13,303,990 $256,092,476 +$61,122,880 $19.24 110
2024 Q3 9,944,159 $227,567,169 +$9,754,780 $22.88 101
2024 Q2 9,518,989 $186,694,470 +$861,665 $19.61 92
2024 Q1 9,385,241 $204,932,058 +$6,320,737 $21.83 88
2023 Q4 9,094,516 $203,682,494 +$6,778,700 $22.39 77
2023 Q3 8,749,236 $159,122,274 -$1,015,356 $18.18 70
2023 Q2 8,805,382 $158,386,680 +$6,270,382 $17.98 66
2023 Q1 8,474,067 $136,042,743 -$4,173,436 $16.05 66
2022 Q4 8,539,510 $199,440,153 +$4,631,286 $23.35 78
2022 Q3 8,349,706 $184,586,719 +$27,227,394 $22.10 78
2022 Q2 6,976,020 $166,160,504 -$341,621 $23.81 66
2022 Q1 7,130,620 $197,113,713 +$6,751,582 $27.64 72
2021 Q4 6,868,059 $201,070,106 +$13,937,514 $29.28 68
2021 Q3 6,365,462 $190,194,342 -$129,713 $29.88 57
2021 Q2 6,372,280 $184,930,810 -$1,289,698 $29.01 60
2021 Q1 6,280,206 $187,077,085 +$3,273,419 $29.78 60
2020 Q4 6,290,237 $172,210,320 +$1,962,484 $27.37 59
2020 Q3 6,256,991 $122,654,446 +$2,120,874 $19.60 54
2020 Q2 6,147,930 $121,486,516 +$12,800,318 $19.76 59
2020 Q1 5,508,200 $90,995,152 -$2,526,967 $16.52 51
2019 Q4 5,384,463 $123,033,057 +$55,143,483 $22.85 48
2019 Q3 3,089,387 $67,348,739 +$61,680,739 $21.80 26
2019 Q2 260,000 $4,914,000 -$822,202 $18.90 1
2019 Q1 302,862 $5,906,000 -$429,947 $19.50 2
2018 Q4 324,910 $6,255,000 $19.25 2
2018 Q3 324,910 $7,879,000 +$334,715 $24.24 2
2018 Q2 311,108 $8,136,000 +$1,138,278 $26.16 2
2018 Q1 267,580 $6,320,000 +$368,744 $23.62 2
2017 Q4 253,998 $5,195,000 +$367,259 $20.45 3
2017 Q3 236,041 $4,815,000 +$3,887,974 $20.40 3
2017 Q2 45,441 $872,000 +$194,000 $19.20 3
2017 Q1 35,341 $658,000 $18.62 2
2016 Q4 35,341 $601,000 -$1,863,000 $17.00 2
2016 Q3 144,681 $2,466,000 -$60,653 $17.06 3
2016 Q2 148,241 $2,610,000 +$17,619 $17.61 3
2016 Q1 147,241 $2,945,000 +$20,013 $20.00 3
2015 Q4 146,241 $2,764,000 $18.90 3
2015 Q3 146,241 $2,961,000 +$264,000 $20.25 3
2015 Q2 133,200 $2,743,000 +$30,889 $20.59 2
2015 Q1 131,700 $2,614,000 $19.50 2
2014 Q4 131,700 $2,601,000 $19.75 2
2014 Q3 131,700 $2,709,000 +$1,806,000 $20.56 2
2014 Q2 43,900 $2,304,000 $52.57 2
2014 Q1 43,900 $2,412,000 +$2,044,000 $54.94 2