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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
101 ISHARES TR 8,217 633 0.11%
102 KRAFT HEINZ CO COM 10,166 610 0.11%
103 EMERSON ELEC CO 8,888 590 0.10%
104 VANGUARD TAX-MANAGED FDS 13,174 561 0.10%
105 ISHARES TR 5,772 549 0.09%
106 GRAINGER W W INC 2,128 541 0.09%
107 TIME WARNER INC 7,235 509 0.09%
108 NOVARTIS A G 4,810 435 0.08%
109 SOUTHERN CO 8,603 390 0.07%
110 GILEAD SCIENCES INC 4,665 387 0.07%
111 CF INDS HLDGS INC 1,575 379 0.07%
112 CONSOLIDATED EDISON INC 6,271 362 0.06%
113 APACHE CORP 3,549 357 0.06%
114 NEXTERA ENERGY INC 3,415 350 0.06%
115 SIFCO INDS INC 11,109 347 0.06%
116 VANGUARD INTL EQUITY INDEX F 7,601 328 0.06%
117 INTERNATIONAL BUSINESS MACHS 1,783 323 0.06%
118 ISHARES TR 2,658 317 0.05%
119 MDU RES GROUP INC 8,600 302 0.05%
120 COLGATE PALMOLIVE CO 4,344 296 0.05%
121 VANGUARD INDEX FDS 2,441 286 0.05%
122 TJX COS INC NEW 5,245 279 0.05%
123 DUKE ENERGY CORP NEW 3,607 267 0.05%
124 ST JUDE MED INC 3,700 256 0.04%
125 NUCOR CORP 4,899 241 0.04%
126 ISHARES TR 1,921 209 0.04%
127 KINDER MORGAN INC DEL 5,314 193 0.03%
128 ISHARES TR 4,256 184 0.03%
129 INVESTORS REAL 16,099 148 0.03%
130 PACIRA PHARMACEUTICALS INC 1,457 134 0.02%
131 ISHARES TR 4,294 109 0.02%
132 SPECTRA ENERGY PARTNERS LP 1,694 90 0.02%
133 ISHARES TR 685 79 0.01%
134 NUSTAR ENERGY LP 1,145 71 0.01%
135 ISHARES TR 564 59 0.01%
136 VANGUARD BD INDEX FDS 720 59 0.01%
137 WISDOMTREE TR 1,007 48 0.01%
138 WISDOMTREE TR 785 38 0.01%
139 SPDR DOW JONES REIT ETF 463 38 0.01%
140 LIBERTY ALL STAR EQUITY FUND SH BEN INT 5,788 35 0.01%
141 WISDOMTREE TR 658 34 0.01%
142 ISHARES TR CONSER ALLOC ETF 1,000 33 0.01%
143 ISHARES MSCI EUROPE SMALL-CAP ETF 658 31 0.01%
144 ONEOK PARTNERS LP 444 26 0.00%
145 ABBVIE INC 394 22 0.00%
146 VANGUARD INDEX FDS 139 14 0.00%
147 SELECT SECTOR SPDR TR 275 12 0.00%
148 SPDR SERIES TRUST 293 12 0.00%
149 ISHARES TR 86 10 0.00%
150 POWERSHARES QQQ TRUST 100 9 0.00%
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