59% buyers of institutions opening or closing positions this quarter
Data reflects Q1 2026 13F filings · refreshed 2026-06-13
6 more new buyers than exits, ownership rose 3.54 percentage points vs the prior quarter, and no widely-followed fund managers in the top 25.
59% buyers of institutions opening or closing positions this quarter
45.2% institutional ownership
ENDEAVOUR CAPITAL ADVISORS portfolio allocation
Institutional ownership vs Banks - Regional peers
No Form 4 insider transactions on file
Latest positioning in ALRS across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in ALRS held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ALERUS FINANCIAL NA | 2.2M | $53.2M | -2.1% | 8.770% | 2.63% |
| 2 | BlackRock, Inc. | 1.8M | $41.7M | -2.3% | 6.889% | 0.00% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 962K | $22.8M | — | 3.763% | 0.00% |
| 4 | DIMENSIONAL FUND ADVISORS LP | 887K | $21.0M | +6.8% | 3.469% | 0.00% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 618K | $14.6M | +2.4% | 2.417% | 0.00% |
| 6 | ENDEAVOUR CAPITAL ADVISORS INC | 562K | $13.3M | +8.8% | 2.200% | 3.02% |
| 7 | STATE STREET CORP | 493K | $11.8M | +3.6% | 1.929% | 0.00% |
| 8 | AMERIPRISE FINANCIAL INC | 384K | $9.1M | +1.2% | 1.502% | 0.00% |
| 9 | GOLDMAN SACHS GROUP INC | 367K | $8.7M | +23.0% | 1.434% | 0.00% |
| 10 | BANC FUNDS CO LLC | 349K | $8.3M | +62.4% | 1.366% | 1.54% |
| 11 | Stieven Capital Advisors, L.P. | 339K | $8.0M | — | 1.326% | 1.72% |
| 12 | AMERICAN CENTURY COMPANIES INC | 310K | $7.4M | +69.9% | 1.213% | 0.00% |
| 13 | RSM US WEALTH MANAGEMENT LLC | 294K | $7.0M | -0.3% | 1.149% | 0.09% |
| 14 | MORGAN STANLEY | 273K | $6.5M | -10.4% | 1.068% | 0.00% |
| 15 | AQR CAPITAL MANAGEMENT LLC | 269K | $6.4M | -16.7% | 1.053% | 0.00% |
| 16 | Phocas Financial Corp. | 261K | $6.2M | -22.0% | 1.021% | 0.97% |
| 17 | WELLINGTON MANAGEMENT GROUP LLP | 242K | $5.7M | -1.4% | 0.947% | 0.00% |
| 18 | GENDELL JEFFREY L | 234K | $5.5M | 0.0% | 0.914% | 0.08% |
| 19 | ALLIANCEBERNSTEIN L.P. | 243K | $5.5M | -0.4% | 0.949% | 0.00% |
| 20 | GRACE & WHITE INC /NY | 228K | $5.4M | -11.0% | 0.892% | 0.96% |
| 21 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 205K | $4.9M | -0.9% | 0.803% | 0.00% |
| 22 | NORTHERN TRUST CORP | 194K | $4.6M | +6.9% | 0.761% | 0.00% |
| 23 | VANGUARD PORTFOLIO MANAGEMENT LLC | 176K | $4.2M | — | 0.688% | 0.00% |
| 24 | VANGUARD FIDUCIARY TRUST CO | 157K | $3.7M | — | 0.615% | 0.00% |
| 25 | Cutler Capital Management, LLC | 136K | $3.2M | -1.1% | 0.534% | 0.87% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in ALRS — a direct measure of their conviction.
Filings activity in ALRS during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 144 | +4.3% | 45.17% | +3.54 pp | $350M | +8.5% |
| Q4 2025 | 138 | +6.2% | 41.63% | +1.89 pp | $322M | +4.7% |
| Q3 2025 | 130 | +4.8% | 39.74% | +2.98 pp | $308M | +8.1% |
| Q2 2025 | 124 | +12% | 36.76% | +5.73 pp | $285M | +18% |
| Q1 2025 | 111 | +0.9% | 31.03% | 0.56 pp | $240M | 1.8% |
| Q4 2024 | 110 | +10% | 31.59% | +3.01 pp | $245M | +11% |
| Q3 2024 | 100 | +8.7% | 28.58% | +5.24 pp | $221M | +22% |
| Q2 2024 | 92 | — | 23.34% | — | $181M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for ALRS.
Quick answers to the most common questions about buying ALRS stock.
Based on Q1 2026 13F filings, institutional ownership of Alerus Financial Corporation stands at 45.2%, held across 144 reporting institutions.
ALERUS FINANCIAL NA is the largest reported institutional holder of ALRS, with approximately 2,241,741 shares worth $0.05B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of ALRS.
Our composite Smart Money Score for ALRS is 50 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
20 institutions opened new positions in ALRS during Q1 2026, while 14 fully exited. 97 added to existing positions and 24 trimmed.
ALRS institutional ownership rose by 3.54 percentage points quarter-over-quarter, with a net change of +6 holders.
The top 10 institutions account for 58.5% of all reported 13F value in ALRS, and the top 25 account for 82.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.