ALERUS FINANCIAL NA Q4 2019 Filing

Filed February 11, 2020

Portfolio Value

$877.8B

Holdings

156

Report Date

Q4 2019

Filing Type

13F-HR

All Holdings (156 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVANGUARD INDEX FDS	233,734	$69.1B	7.88%
2	AGGISHARES TRUST	586,389	$65.9B	7.51%
3	MSFTMICROSOFT INC	320,017	$50.5B	5.75%
4	ALRSALERUS FINANCIAL CORP	1,996,492	$45.6B	5.20%
5	IWMISHARES TRUST	245,418	$40.7B	4.63%
6	SPYSPDR S &P 500 ETF TR	89,463	$28.8B	3.28%
7	AAPLAPPLE COMPUTER	97,049	$28.5B	3.25%
8	IEFISHARES TRUST	192,791	$21.2B	2.42%
9	JPMJP MORGAN CHASE & CO	130,568	$18.2B	2.07%
10	IWRISHARES RUSSELL MIDCAP	235,698	$14.1B	1.60%
11	GOOGLALPHABET INC	9,499	$12.7B	1.45%
12	VVISA INC	64,988	$12.2B	1.39%
13	BRK/BBERKSHIRE HATHAWAY	53,326	$12.1B	1.38%
14	AMZNAMAZON .COM INC	6,007	$11.1B	1.26%
15	IWNISHARES TRUST	82,739	$10.6B	1.21%
16	METAFACEBOOK INC	51,685	$10.6B	1.21%
17	GQ9SPDR GOLD TRUST	72,520	$10.4B	1.18%
18	MRKMERCK & CO INC	110,641	$10.1B	1.15%
19	XLKSELECT SECTOR SPDR TR	106,635	$9.8B	1.11%
20	JNJJOHNSON AND JOHNSON	63,447	$9.3B	1.05%
21	BACBANK OF AMERICA	250,690	$8.8B	1.01%
22	DYHTARGET CORP	63,687	$8.2B	0.93%
23	4I1PHILIP MORRIS	95,150	$8.1B	0.92%
24	XLISELECT SECTOR SPDR TR	97,398	$7.9B	0.90%
25	VONEVANGUARD SCOTTSDALE FDS	52,288	$7.7B	0.88%
26	UNHUNITEDHEALTH GROUP INC	26,095	$7.7B	0.87%
27	PFEPFIZER INC	194,623	$7.6B	0.87%
28	MDTMEDTRONIC HLDG PLC	64,880	$7.4B	0.84%
29	XLVSELECT SECTOR SPDR TR	71,303	$7.3B	0.83%
30	EMREMERSON ELECTIC CO	93,908	$7.2B	0.82%
31	HONHONEYWELL INTL INC	39,553	$7.0B	0.80%
32	CVXCHEVRON TEXACO	56,148	$6.8B	0.77%
33	BACVERIZON COMMUNICATION	106,717	$6.6B	0.75%
34	ICEINTERCONTINENTAL EXCHAN	70,552	$6.5B	0.74%
35	DUKDUKE ENERGY CORP NEW	70,569	$6.4B	0.73%
36	LOWLOWES COMPANIES INC	52,135	$6.2B	0.71%
37	AXPAMERICAN EXPRESS CO	49,307	$6.1B	0.70%
38	TAT&T INC	156,563	$6.1B	0.70%
39	CMCSACOMCAST CORP	135,826	$6.1B	0.70%
40	DHRDANAHER CORPORATION	38,858	$6.0B	0.68%
41	BDXBECTON DICKINSON & COMP	21,579	$5.9B	0.67%
42	ACNACCENTURE PLC IRELAND	26,584	$5.6B	0.64%
43	XLFISELECT SECTOR SPDR TR	88,317	$5.6B	0.63%
44	AMTAMERICAN TOWER CORP	23,501	$5.4B	0.62%
45	SOSOUTHERN COMPANY	84,666	$5.4B	0.61%
46	TXNTEXAS INSTRUMENTS INC	41,189	$5.3B	0.60%
47	AVGOBROADCOM INC	16,630	$5.3B	0.60%
48	INTCINTEL INC	86,157	$5.2B	0.59%
49	LMTLOCKHEED MARTIN CORP	12,963	$5.0B	0.58%
50	IBMIBM	37,433	$5.0B	0.57%
51	ETNEATON CORP PLC	52,076	$4.9B	0.56%
52	NSCNORFOLK SOUTHERN CORP	25,189	$4.9B	0.56%
53	WFCWELLS FARGO & CO NEW CO	90,809	$4.9B	0.56%
54	ADBEADOBE SYSTEMS INC	14,725	$4.9B	0.55%
55	ABTABBOTT LABORATORIES	55,719	$4.8B	0.55%
56	VNQVANGUARD INDEX FDS	51,725	$4.8B	0.55%
57	MDLZMONDELEZ INTL INC	84,861	$4.7B	0.53%
58	PGPROCTER AND GAMBLE COMP	37,176	$4.6B	0.53%
59	MCDMCDONALDS CORP	23,452	$4.6B	0.53%
60	TLTISHARES TRUST	31,838	$4.3B	0.49%
61	RTN1USDRAYTHEON CO	19,319	$4.2B	0.48%
62	CRMSALESFORCE.COM INC	24,954	$4.1B	0.46%
63	MARMARRIOTT INTERNATIONAL INC	26,434	$4.0B	0.46%
64	ROSTROSS STORES INC	34,262	$4.0B	0.45%
65	TMOTHERMO FISHER SCIENTIFIC	12,173	$4.0B	0.45%
66	XLUSELECT SECTOR SPDR TR	60,299	$3.9B	0.44%
67	ATVIEURACTIVISION BLIZZARD INC	64,506	$3.8B	0.44%
68	PRUPRUDENTIAL FINANCIAL IN	40,791	$3.8B	0.44%
69	LVSLAS VEGAS SANDS CORP	53,761	$3.7B	0.42%
70	LINLINDE PLC	17,162	$3.7B	0.42%
71	CSCOCISCO SYSTEMS	72,141	$3.5B	0.39%
72	NVDANIVIDIA CORP	14,057	$3.3B	0.38%
73	CLCOLGATE-PALMOLIVE	45,649	$3.1B	0.36%
74	HDHOME DEPOT INC	13,773	$3.0B	0.34%
75	XLFSELECT SECTOR SPDR TR	97,415	$3.0B	0.34%
76	TTENTOTAL S A	52,887	$2.9B	0.33%
77	NKENIKE INC	28,471	$2.9B	0.33%
78	AEPAMERICAN ELECTRIC POWER	30,360	$2.9B	0.33%
79	ECLECOLAB INC	14,724	$2.8B	0.32%
80	XLYSELECT SECTOR SPDR TR	21,872	$2.7B	0.31%
81	GSKGLAXOSMITHKLINE PLC	58,196	$2.7B	0.31%
82	ELLAUDER ESTEE COS INC	12,718	$2.6B	0.30%
83	METMETLIFE INC	50,325	$2.6B	0.29%
84	DISDISNEY	17,274	$2.5B	0.28%
85	CVSCVS CORP	32,315	$2.4B	0.27%
86	CAGCONAGRA FOOD INC	67,788	$2.3B	0.26%
87	FTVFORTIVE CORP	30,102	$2.3B	0.26%
88	BSXBOSTON SCIENTIFIC	49,106	$2.2B	0.25%
89	NFLXNETFLIX INC	6,591	$2.1B	0.24%
90	EAELECTRONIC ARTS INC DEL	19,822	$2.1B	0.24%
91	XOMEXXON MOBIL CORP	29,897	$2.1B	0.24%
92	TTWOTAKE-2 INTERACTIVE SOFTWAR	16,815	$2.1B	0.23%
93	MCHPMICROCHIP TECHNOLOGY INC	19,599	$2.1B	0.23%
94	KHCKRAFT HEINZ CO	61,326	$2.0B	0.22%
95	DGDOLLAR GEN CORP NEW	12,229	$1.9B	0.22%
96	BALLBALL CORPORATION	28,429	$1.8B	0.21%
97	TJXTJX COMPANIES	28,191	$1.7B	0.20%
98	SBACSBA COMMUNICATIONS	6,815	$1.6B	0.19%
99	XLBSELECT SECTOR SPDR TR	26,428	$1.6B	0.18%
100	IYRISHARES TRUST	17,359	$1.6B	0.18%

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