Ranked by reported Q2 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 | 2.1M | $65.8M | -5.6% | 8.421% | 2.88% |
| 2 | BlackRock, Inc. | 1.8M | $56.7M | +3.5% | 7.252% | 0.00% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 946K | $29.4M | -1.7% | 3.764% | 0.00% |
| 4 | DIMENSIONAL FUND ADVISORS LP | 943K | $29.3M | +6.4% | 3.755% | 0.01% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 655K | $20.4M | +6.1% | 2.607% | 0.00% |
| 6 | STATE STREET CORP | 561K | $17.6M | +13.8% | 2.234% | 0.00% |
| 7 | GOLDMAN SACHS GROUP INC | 525K | $16.3M | +43.3% | 2.091% | 0.00% |
| 8 | Stieven Capital Advisors, L.P. | 382K | $11.9M | +12.7% | 1.520% | 2.27% |
| 9 | Phocas Financial Corp. | 354K | $11.0M | +35.8% | 1.409% | 1.53% |
| 10 | BANC FUNDS CO LLC | 349K | $10.9M | 0.0% | 1.389% | 1.79% |
| 11 | ENDEAVOUR CAPITAL ADVISORS INC | 340K | $10.6M | -39.6% | 1.351% | 2.17% |
| 12 | AMERIPRISE FINANCIAL INC | 311K | $9.7M | -19.0% | 1.237% | 0.00% |
| 13 | AQR CAPITAL MANAGEMENT LLC | 297K | $9.2M | +10.2% | 1.181% | 0.00% |
| 14 | CHOREO, LLC | 293K | $9.1M | -0.1% | 1.167% | 0.10% |
| 15 | AMERICAN CENTURY COMPANIES INC | 278K | $8.6M | -10.5% | 1.105% | 0.00% |
| 16 | MORGAN STANLEY | 237K | $7.4M | -13.0% | 0.945% | 0.00% |
| 17 | GENDELL JEFFREY L | 234K | $7.3M | 0.0% | 0.930% | 0.06% |
| 18 | GRACE & WHITE INC /NY | 228K | $7.1M | 0.0% | 0.908% | 1.12% |
| 19 | ProShare Advisors LLC | 226K | $7.0M | — | 0.901% | 0.01% |
| 20 | VANGUARD PORTFOLIO MANAGEMENT LLC | 210K | $6.5M | +19.2% | 0.835% | 0.00% |
| 21 | NORTHERN TRUST CORP | 205K | $6.4M | +5.5% | 0.817% | 0.00% |
| 22 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 205K | $6.4M | -0.1% | 0.816% | 0.00% |
| 23 | MAIRS & POWER INC | 203K | $6.3M | +156.1% | 0.809% | 0.06% |
| 24 | ALLIANCEBERNSTEIN L.P. | 249K | $5.9M | +2.6% | 0.991% | 0.00% |
| 25 | Qube Research & Technologies Ltd | 164K | $5.1M | +80.9% | 0.654% | 0.00% |
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 Q2 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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 158 | +7.5% | 64.11% | +1.75 pp | $472M | +34% |
| Q1 2026 | 147 | +6.5% | 62.36% | +2.37 pp | $351M | +9.0% |
| Q4 2025 | 138 | +6.2% | 59.99% | +2.33 pp | $322M | +4.7% |
| Q3 2025 | 130 | +4.8% | 57.66% | +3.01 pp | $308M | +8.1% |
| Q2 2025 | 124 | +12% | 54.65% | +1.08 pp | $285M | +18% |
| Q1 2025 | 111 | +0.9% | 53.57% | +1.66 pp | $240M | 1.8% |
| Q4 2024 | 110 | +10% | 51.91% | +2.15 pp | $245M | +11% |
| Q3 2024 | 100 | — | 49.76% | — | $221M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying ALRS stock.
Based on Q2 2026 13F filings, institutional ownership of Alerus Financial Corporation stands at 64.1%, held across 158 reporting institutions.
ALERUS FINANCIAL NA is the largest reported institutional holder of ALRS, with approximately 2,116,173 shares worth $0.07B as of Q2 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 52 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
24 institutions opened new positions in ALRS during Q2 2026, while 12 fully exited. 114 added to existing positions and 16 trimmed.
ALRS institutional ownership rose by 1.75 percentage points quarter-over-quarter, with a net change of +11 holders.
The top 10 institutions account for 57.0% of all reported 13F value in ALRS, and the top 25 account for 80.9%.
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.
Alerus Financial Corporation (ALRS) Institutional Ownership