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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
1 Alcatel Lucent Adr 19 1 0.00%
2 BROADCOM CORP CL A 59 2 0.00%
3 ISHARES TR 24 4 0.00%
4 SPARTAN MTRS INC 742 4 0.00%
5 ISHARES MSCI BIC ETF 100 4 0.00%
6 John Hancock Premium Dividend Fund 405 6 0.00%
7 JOHN HANCOCK HDG EQ & INC FD 325 6 0.00%
8 VANGUARD INTL EQUITY INDEX F 136 7 0.00%
9 ISHARES TR 87 8 0.00%
10 ADAMS DIVERSIFIED EQUITY FD 528 8 0.00%
11 ISHARES TR 86 10 0.00%
12 POWERSHARES QQQ TRUST 100 10 0.00%
13 VANGUARD INDEX FDS 121 13 0.00%
14 ONEOK PARTNERS LP 444 22 0.00%
15 WISDOMTREE TR 658 31 0.01%
16 ISHARES MSCI EUROPE SMALL-CAP ETF 769 32 0.01%
17 ISHARES TR CONSER ALLOC ETF 1,000 33 0.01%
18 LIBERTY ALL STAR EQUITY FD 5,788 34 0.01%
19 WISDOMTREE TR 785 36 0.01%
20 SPDR DOW JONES REIT ETF 463 41 0.01%
21 WAL-MART STORES INC 565 44 0.01%
22 WISDOMTREE TR 1,007 45 0.01%
23 ISHARES TR 564 55 0.01%
24 VANGUARD BD INDEX FDS 704 58 0.01%
25 NUSTAR ENERGY LP 1,145 69 0.01%
26 ISHARES TR 685 78 0.01%
27 SPECTRA ENERGY PARTNERS LP 1,694 92 0.02%
28 PACIRA PHARMACEUTICALS INC 1,457 131 0.02%
29 ISHARES TR 4,268 179 0.03%
30 KINDER MORGAN INC DEL 5,314 199 0.03%
31 ISHARES TR 2,220 203 0.04%
32 ISHARES 4,235 234 0.04%
33 MDU RES GROUP INC 8,600 239 0.04%
34 NUCOR CORP 4,899 266 0.05%
35 ISHARES TR 2,434 267 0.05%
36 COLGATE PALMOLIVE CO 4,300 280 0.05%
37 NOVARTIS A G 3,030 285 0.05%
38 VANGUARD INDEX FDS 2,497 287 0.05%
39 ISHARES TR 11,621 296 0.05%
40 TJX COS INC NEW 5,198 308 0.05%
41 NEXTERA ENERGY INC 3,380 317 0.05%
42 APACHE CORP 3,527 331 0.06%
43 SIFCO INDS INC 11,109 334 0.06%
44 VANGUARD INTL EQUITY INDEX F 7,921 336 0.06%
45 ISHARES TR 3,874 424 0.07%
46 CF INDS HLDGS INC 1,575 440 0.08%
47 ISHARES TR 3,944 469 0.08%
48 GILEAD SCIENCES INC 4,648 495 0.09%
49 SOUTHERN CO 11,990 525 0.09%
50 VANGUARD TAX-MANAGED FDS 13,500 528 0.09%
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