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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
101 EMERSON ELEC CO 884 553 0.10%
102 GRAINGER W W INC 2,120 533 0.09%
103 VANGUARD TAX-MANAGED FDS 13,500 528 0.09%
104 SOUTHERN CO 11,990 525 0.09%
105 GILEAD SCIENCES INC 4,648 495 0.09%
106 ISHARES TR 3,944 469 0.08%
107 CF INDS HLDGS INC 1,575 440 0.08%
108 ISHARES TR 3,874 424 0.07%
109 VANGUARD INTL EQUITY INDEX F 7,921 336 0.06%
110 SIFCO INDS INC 11,109 334 0.06%
111 APACHE CORP 3,527 331 0.06%
112 NEXTERA ENERGY INC 3,380 317 0.05%
113 TJX COS INC NEW 5,198 308 0.05%
114 ISHARES TR 11,621 296 0.05%
115 VANGUARD INDEX FDS 2,497 287 0.05%
116 NOVARTIS A G 3,030 285 0.05%
117 COLGATE PALMOLIVE CO 4,300 280 0.05%
118 ISHARES TR 2,434 267 0.05%
119 NUCOR CORP 4,899 266 0.05%
120 MDU RES GROUP INC 8,600 239 0.04%
121 ISHARES 4,235 234 0.04%
122 ISHARES TR 2,220 203 0.04%
123 KINDER MORGAN INC DEL 5,314 199 0.03%
124 ISHARES TR 4,268 179 0.03%
125 PACIRA PHARMACEUTICALS INC 1,457 131 0.02%
126 SPECTRA ENERGY PARTNERS LP 1,694 92 0.02%
127 ISHARES TR 685 78 0.01%
128 NUSTAR ENERGY LP 1,145 69 0.01%
129 VANGUARD BD INDEX FDS 704 58 0.01%
130 ISHARES TR 564 55 0.01%
131 WISDOMTREE TR 1,007 45 0.01%
132 WAL-MART STORES INC 565 44 0.01%
133 SPDR DOW JONES REIT ETF 463 41 0.01%
134 WISDOMTREE TR 785 36 0.01%
135 LIBERTY ALL STAR EQUITY FUND SH BEN INT 5,788 34 0.01%
136 ISHARES TR CONSER ALLOC ETF 1,000 33 0.01%
137 ISHARES MSCI EUROPE SMALL-CAP ETF 769 32 0.01%
138 WISDOMTREE TR 658 31 0.01%
139 ONEOK PARTNERS LP 444 22 0.00%
140 VANGUARD INDEX FDS 121 13 0.00%
141 POWERSHARES QQQ TRUST 100 10 0.00%
142 ISHARES TR 86 10 0.00%
143 ISHARES TR 87 8 0.00%
144 ADAMS DIVERSIFIED EQUITY FD 528 8 0.00%
145 VANGUARD INTL EQUITY INDEX F 136 7 0.00%
146 JOHN HANCOCK HDG EQ & INC FD 325 6 0.00%
147 HANCOCK JOHN PREMUIM DIV FD 405 6 0.00%
148 ISHARES 100 4 0.00%
149 ISHARES TR 24 4 0.00%
150 SPARTAN MOTORS INC 742 4 0.00%
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