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Institutional Investment Manager
Alerus Investment Advisors Corp
Alerus Investment Advisors Corp (CIK: 0001541895) incorporated in Iowa, located at 10900 Wayzata Blvd., Wayzata, MN. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q2)
Original 13F HR (0001541895-14-000003) filed in 2014.08.07
#
Name
Shares
Value ($)
%
Options
Notes
1 VANGUARD INDEX FDS 418,521 75,095 12.96%
2 ISHARES TR 539,117 58,979 10.17%
3 ISHARES TR 292,463 34,748 5.99%
4 SPDR S&P 500 ETF TR 152,825 29,911 5.16%
5 VANGUARD INDEX FDS 129,582 15,378 2.65%
6 APPLE INC 152,292 14,153 2.44%
7 MICROSOFT CORP 280,802 11,709 2.02%
8 JOHNSON & JOHNSON 86,851 9,086 1.57%
9 VANGUARD SCOTTSDALE FDS 94,036 8,508 1.47%
10 ISHARES TR 31,190 8,016 1.38%
11 JPMORGAN CHASE & CO 132,703 7,646 1.32%
12 GENERAL ELECTRIC CO 281,726 7,403 1.28%
13 EXXON MOBIL CORP 73,353 7,385 1.27%
14 CHEVRON CORP NEW 50,809 6,633 1.14%
15 EXPRESS SCRIPTS HLDG CO 94,339 6,540 1.13%
16 SCHLUMBERGER LTD 55,126 6,503 1.12%
17 COMCAST CORP NEW 106,672 5,726 0.99%
18 ISHARES NASDAQ BIOTECHNOLOGY ETF 9,622 5,626 0.97%
19 HALLIBURTON CO 79,117 5,618 0.97%
20 BOEING CO 43,095 5,483 0.95%
21 SELECT SECTOR SPDR TR 123,016 5,445 0.94%
22 WELLS FARGO & CO NEW 101,113 5,315 0.92%
23 PROCTER AND GAMBLE CO 67,176 5,279 0.91%
24 Intrcontinentalexchang 27,877 5,266 0.91%
25 VISA INC 23,500 4,952 0.85%
26 PEPSICO INC 54,579 4,876 0.84%
27 COGNIZANT TECHNOLOGY SOLUTIO 97,376 4,763 0.82%
28 STARBUCKS CORP 61,510 4,760 0.82%
29 NORFOLK SOUTHERN CORP 45,726 4,711 0.81%
30 ORACLE CORP 115,798 4,693 0.81%
31 DU PONT E I DE NEMOURS & CO 70,365 4,605 0.79%
32 PFIZER INC 149,382 4,434 0.76%
33 DISNEY WALT CO 51,582 4,423 0.76%
34 COCA COLA CO 103,976 4,405 0.76%
35 PHILIP MORRIS INTL INC 50,912 4,292 0.74%
36 PRUDENTIAL FINL INC 47,933 4,255 0.73%
37 CISCO SYS INC 167,232 4,156 0.72%
38 E M C CORP MASS COM 156,992 4,135 0.71%
39 HONEYWELL INTL INC 43,732 4,065 0.70%
40 BLACKROCK INC 12,659 4,046 0.70%
41 VANGUARD INDEX FDS 53,780 4,024 0.69%
42 MONDELEZ INTL INC 105,760 3,977 0.69%
43 STARWOOD HOTELS & RESORTS WORLDWIDE INC COM 48,587 3,927 0.68%
44 UNITED TECHNOLOGIES CORP 33,923 3,917 0.68%
45 CVS HEALTH CORP 51,876 3,910 0.67%
46 ABBOTT LABS 93,460 3,823 0.66%
47 VERIZON COMMUNICATIONS INC 77,996 3,816 0.66%
48 UNITEDHEALTH GROUP INC 46,428 3,795 0.65%
49 PRICELINE GRP INC 3,142 3,780 0.65%
50 GOOGLE INC 6,560 3,773 0.65%
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