Alerus Financial ALRS Institutional Ownership

NASDAQ ALRS

$31.86 +0.52 (+1.66%)

As of: Oct 22, 2026 · 10:45 AM EDT

Institutions by Trading Activity

157 Institutions

Increased 87 55.4%

Unchanged 32 20.4%

Reduced 38 24.2%

Ownership Statistics

13F · as of 30 Jun, 2026

Institutional Ownership

64.12%

▲+2.37 pp QoQ

Shares Held by Institutions

16.08Mn

of 25.08Mn outstanding

▲+2.62% QoQ

Shares Outstanding

25.08Mn

9.00Mn held outside 13F filers

Institutional Investors

157

filed 13F for Jun 2026

▲+11 vs prior quarter

Net Shares Added (QoQ)

+410.53K

accumulated since last quarter

Value of Holdings

$506.56Mn

reported market value

Shares Owned by Institutions

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Institutions

Accumulated Distributed

Latest quarter —

Net over range —

Accumulating quarters —

Ownership Summary

Updated Oct 11, 2026

Alerus Financial Corp (NASDAQ:ALRS) appeared in the 13F filings of 157 institutional investors for the quarter ended June 30, 2026.

These investors held 64.12% of outstanding shares in Q2 2026, up from 61.74% the quarter before.
Total shares held in ALRS rose 2.62% from Q1 2026; the number of holders rose 29.75% from Q2 2025.
Of these 157 holders, 87 added to their positions, 38 reduced their stakes and 32 left their positions unchanged.
Institutional investors held 16.08Mn shares of Alerus Financial in total at the end of Q2 2026, up 410.53K from the prior quarter and up 2.64Mn from a year earlier.
As of June 30, 2026, Alerus Financial NA held the largest stake in Alerus Financial with 2.12Mn shares, or 8.44% of shares outstanding.
Among existing holders, the largest additions to Alerus Financial in Q2 2026 came from Goldman Sachs Group Inc (+158.79K shares), Mairs & Power Inc (+123.98K shares), Phocas Financial Corp. (+93.26K shares), Qube Research & Technologies Ltd (+73.49K shares) and State Street Corp (+68.09K shares).
On the other side, among holders that kept a position in Alerus Financial, the largest reductions in Q2 2026 came from Endeavour Capital Advisors Inc (-222.71K shares), Alerus Financial NA (-125.57K shares), Ameriprise Financial Inc (-73.03K shares), Millennium Management LLC (-69.43K shares) and Renaissance Technologies LLC (-56.05K shares).
Per Business Quant, the top 10 investors in ALRS for the quarter ended June 30, 2026 were Alerus Financial NA (2.12Mn shares), BlackRock, Inc. (1.82Mn shares), Vanguard Capital Management LLC (945.85K shares), Dimensional Fund Advisors LP (943.45K shares), Geode Capital Management, LLC (655.18K shares), State Street Corp (561.25K shares), Goldman Sachs Group Inc (525.32K shares), M3F, Inc. (417.11K shares), Stieven Capital Advisors, L.P. (382.03K shares) and Phocas Financial Corp. (354.15K shares).

Form 13F Holdings

157 Institutional Holders

Report period 30 Jun, 2026

Total shares held 16.08Mn

Of outstanding 64.12%

#	Institution	CIK	Shares Held	% of Outstanding	Change (QoQ)	Change (%)	Value (USD)
1	ALERUS FINANCIAL NA	0000919458	2,116,173	8.44%	▼125,568	-5.60%	$65.81Mn
2	BlackRock, Inc.	0002012383	1,822,242	7.27%	▲61,491	+3.49%	$56.67Mn
3	VANGUARD CAPITAL MANAGEMENT LLC	0002100119	945,852	3.77%	▼15,924	-1.66%	$29.42Mn
4	DIMENSIONAL FUND ADVISORS LP	0000354204	943,445	3.76%	▲56,630	+6.39%	$29.34Mn
5	GEODE CAPITAL MANAGEMENT, LLC	0001214717	655,184	2.61%	▲37,508	+6.07%	$20.38Mn
6	State Street Corp	0000093751	561,249	2.24%	▲68,087	+13.81%	$17.57Mn
7	Goldman Sachs Group Inc	0000886982	525,321	2.09%	▲158,794	+43.32%	$16.34Mn
8	M3F, Inc.	0001511291	417,108	1.66%	0	0.00%	$12.97K
9	Stieven Capital Advisors, L.P.	0001388279	382,034	1.52%	▲43,110	+12.72%	$11.88Mn
10	Phocas Financial Corp.	0001356783	354,155	1.41%	▲93,259	+35.75%	$11.01Mn
11	BANC FUNDS CO LLC	0001029311	349,165	1.39%	0	0.00%	$10.86Mn
12	ENDEAVOUR CAPITAL ADVISORS INC	0001218749	339,518	1.35%	▼222,711	-39.61%	$10.56Mn
13	Ameriprise Financial Inc	0000820027	310,910	1.24%	▼73,030	-19.02%	$9.67Mn
14	AQR CAPITAL MANAGEMENT LLC	0001167557	296,688	1.18%	▲27,523	+10.23%	$9.23Mn
15	CHOREO, LLC	0001679031	293,265	1.17%	▼416	-0.14%	$9.12Mn
16	AMERICAN CENTURY COMPANIES INC	0000748054	277,688	1.11%	▼32,435	-10.46%	$8.64Mn
17	ALLIANCEBERNSTEIN L.P.	0001109448	248,961	0.99%	▲6,280	+2.59%	$5.90Mn
18	CSM Advisors, LLC	0001863523	239,320	0.95%	▲38,385	+19.10%	$7.45K
19	Morgan Stanley	0000895421	237,432	0.95%	▼35,557	-13.03%	$7.38Mn
20	GENDELL JEFFREY L	0001056581	233,700	0.93%	0	0.00%	$7.27Mn

Showing 1 to 20 of 157 holders