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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 BLACKROCK INC 11,718 3,848 0.67%
52 HONEYWELL INTL INC 40,727 3,793 0.66%
53 F5 NETWORKS INC 31,138 3,698 0.64%
54 ACCENTURE PLC IRELAND 45,287 3,683 0.64%
55 AMERICAN EXPRESS CO 40,454 3,541 0.61%
56 NIKE INC 39,637 3,536 0.61%
57 UNITEDHEALTH GROUP INC 40,895 3,528 0.61%
58 CELGENE CORP 36,083 3,421 0.59%
59 PRAXAIR INC 26,268 3,387 0.59%
60 EATON CORP PLC 52,647 3,340 0.58%
61 UNITED TECHNOLOGIES CORP 31,474 3,324 0.58%
62 LOWES COS INC 62,579 3,312 0.57%
63 CME GROUP INC 40,679 3,256 0.56%
64 METLIFE INC 58,741 3,155 0.55%
65 GOOGLE INC 5,370 3,100 0.54%
66 BECTON DICKINSON & CO 27,060 3,080 0.53%
67 NATIONAL OILWELL VARCO INC 40,346 3,069 0.53%
68 MONSANTO CO NEW 27,158 3,055 0.53%
69 US BANCORP DEL 72,503 3,033 0.53%
70 STATE STR CORP 40,956 3,015 0.52%
71 DANAHER CORP DEL 39,225 2,980 0.52%
72 CITIGROUP INC 57,036 2,956 0.51%
73 ISHARES TR 14,149 2,864 0.50%
74 NORDSTROM INC 40,683 2,781 0.48%
75 DICKS SPORTING GOODS 60,841 2,669 0.46%
76 VANGUARD WHITEHALL FDS 38,998 2,655 0.46%
77 ISHARES TR 21,627 2,277 0.39%
78 MCDONALDS CORP 14,877 1,410 0.24%
79 HOME DEPOT INC 13,130 1,208 0.21%
80 ISHARES TR 17,324 1,092 0.19%
81 ISHARES TR 6,865 970 0.17%
82 GENERAL MLS INC 18,351 928 0.16%
83 CONOCOPHILLIPS 12,933 916 0.16%
84 ROYAL BK CDA MONTREAL QUE 11,826 844 0.15%
85 TOTAL S A 13,093 839 0.15%
86 KRAFT HEINZ CO COM 14,580 822 0.14%
87 MERCK & CO INC 13,848 821 0.14%
88 ROYAL DUTCH SHELL PLC 10,731 814 0.14%
89 INTEL CORP 22,473 783 0.14%
90 INTERNATIONAL BUSINESS MACHS 4,101 774 0.13%
91 CONSOLIDATED EDISON INC 13,322 759 0.13%
92 ECOLAB INC 6,600 758 0.13%
93 VANGUARD INDEX FDS 5,522 685 0.12%
94 Ishares 2015 Amt-Free Muni Term Etf 12,531 660 0.11%
95 DUKE ENERGY CORP NEW 8,713 654 0.11%
96 VANGUARD INDEX FDS 6,052 630 0.11%
97 ISHARES TR 8,230 608 0.11%
98 CARDINAL HEALTH INC 7,780 583 0.10%
99 ISHARES TR 6,225 573 0.10%
100 ABB LTD 25,334 566 0.10%
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