Dark
Light
System
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 ISHARES TR 548,371 59,833 10.36%
2 VANGUARD INDEX FDS 414,672 74,927 12.97%
3 ISHARES TR 293,846 32,211 5.58%
4 GENERAL ELECTRIC CO 278,739 7,142 1.24%
5 MICROSOFT CORP 271,594 12,593 2.18%
6 CISCO SYS INC 165,074 4,154 0.72%
7 PFIZER INC 162,624 4,810 0.83%
8 SPDR S&P 500 ETF TR 152,543 30,055 5.20%
9 E M C CORP MASS COM 152,139 4,452 0.77%
10 ORACLE CORP 137,692 5,271 0.91%
11 APPLE INC 128,945 13,088 2.27%
12 VANGUARD INDEX FDS 127,842 14,999 2.60%
13 SELECT SECTOR SPDR TR 124,648 5,248 0.91%
14 AT&T INC 120,436 4,244 0.73%
15 MONDELEZ INTL INC 116,034 3,976 0.69%
16 JPMORGAN CHASE & CO 114,052 6,871 1.19%
17 EXPRESS SCRIPTS HLDG CO 103,927 7,342 1.27%
18 COCA COLA CO 102,424 4,368 0.76%
19 WELLS FARGO & CO NEW 100,627 5,221 0.90%
20 ABBOTT LABS 98,648 4,101 0.71%
21 VANGUARD SCOTTSDALE FDS 94,466 8,581 1.49%
22 COMCAST CORP NEW 94,096 5,061 0.88%
23 COGNIZANT TECHNOLOGY SOLUTIO 91,619 4,103 0.71%
24 VERIZON COMMUNICATIONS INC 90,526 4,526 0.78%
25 Medtronic Inc 89,920 5,571 0.96%
26 VANGUARD INDEX FDS 74,238 5,338 0.92%
27 JOHNSON & JOHNSON 72,955 7,778 1.35%
28 HALLIBURTON CO 72,694 4,687 0.81%
29 US BANCORP DEL 72,503 3,033 0.53%
30 EXXON MOBIL CORP 72,267 6,797 1.18%
31 DU PONT E I DE NEMOURS & CO 70,324 5,043 0.87%
32 QUALCOMM INC 64,058 4,790 0.83%
33 LOWES COS INC 62,579 3,312 0.57%
34 PROCTER AND GAMBLE CO 62,170 5,208 0.90%
35 DICKS SPORTING GOODS INC 60,841 2,669 0.46%
36 METLIFE INC 58,741 3,155 0.55%
37 STARBUCKS CORP 57,593 4,346 0.75%
38 CITIGROUPINC 57,036 2,956 0.51%
39 ISHARES U.S. OIL & GAS EXPLORATION & PRODUCTION ETF 55,644 4,836 0.84%
40 PHILIP MORRIS INTL INC 55,108 4,600 0.80%
41 DISNEY WALT CO 54,809 4,880 0.84%
42 STARWOOD HOTELS & RESORTS WORLDWIDE INC COM 53,431 4,445 0.77%
43 EATON CORP PLC 52,647 3,340 0.58%
44 SCHLUMBERGER LTD 52,504 5,338 0.92%
45 PEPSICO INC 51,066 4,756 0.82%
46 CVS HEALTH CORP 49,764 3,962 0.69%
47 NORFOLK SOUTHERN CORP 48,702 5,435 0.94%
48 PRUDENTIAL FINL INC 47,384 4,167 0.72%
49 ACCENTURE PLC IRELAND 45,287 3,683 0.64%
50 BOEING CO 44,668 5,690 0.99%
Page 1 of 4