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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 (2014Q3)
Original 13F HR (0001541895-14-000004) filed in 2014.11.12
#
Name
Shares
Value ($)
%
Options
Notes
51 INTERNATIONAL BUSINESS MACHS 4,101 774 0.13%
52 ISHARES 4,235 234 0.04%
53 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 6,225 573 0.10%
54 ISHARES MSCI BIC ETF 100 4 0.00%
55 ISHARES MSCI EUROPE SMALL-CAP ETF 769 32 0.01%
56 ISHARES NASDAQ BIOTECHNOLOGY ETF 9,806 5,769 1.00%
57 ISHARES TR 86 10 0.00%
58 ISHARES TR 14,149 2,864 0.50%
59 ISHARES TR 6,865 970 0.17%
60 ISHARES TR 21,627 2,277 0.39%
61 ISHARES TR 11,621 296 0.05%
62 ISHARES TR 548,371 59,833 10.36%
63 ISHARES TR 3,944 469 0.08%
64 ISHARES TR 685 78 0.01%
65 ISHARES TR 8,230 608 0.11%
66 ISHARES TR 17,324 1,092 0.19%
67 ISHARES TR 4,268 179 0.03%
68 ISHARES TR 29,191 7,989 1.38%
69 ISHARES TR 3,874 424 0.07%
70 ISHARES TR 87 8 0.00%
71 ISHARES TR 293,846 32,211 5.58%
72 ISHARES TR 24 4 0.00%
73 ISHARES TR 2,434 267 0.05%
74 ISHARES TR 2,220 203 0.04%
75 ISHARES TR 564 55 0.01%
76 ISHARES TR CONSER ALLOC ETF 1,000 33 0.01%
77 ISHARES U.S. OIL & GAS EXPLORATION & PRODUCTION ETF 55,644 4,836 0.84%
78 Ishares 2015 Amt-Free Muni Term Etf 12,531 660 0.11%
79 JOHN HANCOCK HDG EQ & INC FD 325 6 0.00%
80 JOHNSON & JOHNSON 72,955 7,778 1.35%
81 JPMORGAN CHASE & CO 114,052 6,871 1.19%
82 John Hancock Premium Dividend Fund 405 6 0.00%
83 KINDER MORGAN INC DEL 5,314 199 0.03%
84 KRAFT HEINZ CO COM 14,580 822 0.14%
85 LIBERTY ALL STAR EQUITY FD 5,788 34 0.01%
86 LOWES COS INC 62,579 3,312 0.57%
87 MCDONALDS CORP 14,877 1,410 0.24%
88 MDU RES GROUP INC 8,600 239 0.04%
89 MERCK & CO INC 13,848 821 0.14%
90 METLIFE INC 58,741 3,155 0.55%
91 MICROSOFT CORP 271,594 12,593 2.18%
92 MONDELEZ INTL INC 116,034 3,976 0.69%
93 MONSANTO CO NEW 27,158 3,055 0.53%
94 Medtronic Inc 89,920 5,571 0.96%
95 NATIONAL OILWELL VARCO INC 40,346 3,069 0.53%
96 NEXTERA ENERGY INC 3,380 317 0.05%
97 NIKE INC 39,637 3,536 0.61%
98 NORDSTROM INC 40,683 2,781 0.48%
99 NORFOLK SOUTHERN CORP 48,702 5,435 0.94%
100 NOVARTIS A G 3,030 285 0.05%
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