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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 (2014Q4)
Original 13F HR (0001541895-15-000001) filed in 2015.02.13
#
Name
Shares
Value ($)
%
Options
Notes
51 CHEVRON CORP NEW 34,798 3,904 0.66%
52 UNITEDHEALTH GROUP INC 38,620 3,904 0.66%
53 Intrcontinentalexchang 17,431 3,822 0.65%
54 DISNEY WALT CO 40,360 3,801 0.64%
55 NIKE INC 38,992 3,749 0.64%
56 BECTON DICKINSON & CO 26,682 3,714 0.63%
57 AMERICAN EXPRESS CO 39,812 3,704 0.63%
58 UNITED TECHNOLOGIES CORP 31,936 3,673 0.62%
59 SCHLUMBERGER LTD 42,592 3,637 0.62%
60 CME GROUP INC 40,510 3,592 0.61%
61 PRAXAIR INC 26,601 3,446 0.58%
62 DANAHER CORP DEL 39,384 3,376 0.57%
63 METLIFE INC 60,700 3,283 0.56%
64 NORDSTROM INC 41,131 3,266 0.55%
65 US BANCORP DEL 70,949 3,189 0.54%
66 STATE STR CORP 40,547 3,183 0.54%
67 CITIGROUPINC 58,578 3,170 0.54%
68 STARWOOD HOTELS & RESORTS WORLDWIDE INC COM 38,586 3,128 0.53%
69 ISHARES TR 17,682 2,954 0.50%
70 VANGUARD WHITEHALL FDS 42,138 2,897 0.49%
71 DICKS SPORTING GOODS INC 58,276 2,893 0.49%
72 ISHARES TR 13,965 2,889 0.49%
73 GOOGLE INC 5,433 2,860 0.48%
74 ISHARES TR 21,864 2,300 0.39%
75 NATIONAL OILWELL VARCO INC 33,599 2,201 0.37%
76 VANGUARD INDEX FDS 11,413 2,150 0.36%
77 ISHARES U.S. OIL & GAS EXPLORATION & PRODUCTION ETF 29,564 2,112 0.36%
78 CELGENE CORP 18,280 2,045 0.35%
79 SELECT SECTOR SPDR TR 25,517 2,020 0.34%
80 MONSANTO CO NEW 15,782 1,885 0.32%
81 MCDONALDS CORP 15,201 1,424 0.24%
82 HOME DEPOT INC 12,260 1,287 0.22%
83 ISHARES TR 17,765 1,081 0.18%
84 ISHARES TR 6,991 1,012 0.17%
85 GENERAL MLS INC 18,521 988 0.17%
86 KRAFT HEINZ CO COM 15,045 943 0.16%
87 CONSOLIDATED EDISON INC 13,842 914 0.15%
88 ROYAL BK CDA MONTREAL QUE 12,353 853 0.14%
89 CONOCOPHILLIPS 12,111 837 0.14%
90 INTEL CORP 22,821 828 0.14%
91 MERCK & CO INC 13,982 794 0.13%
92 ROYAL DUTCH SHELL PLC 11,477 769 0.13%
93 ISHARES TR 9,475 752 0.13%
94 DUKE ENERGY CORP NEW 8,853 740 0.13%
95 TOTAL S A 14,043 719 0.12%
96 VANGUARD INDEX FDS 5,522 695 0.12%
97 ECOLAB INC 6,600 690 0.12%
98 Ishares 2015 Amt-Free Muni Term Etf 12,547 661 0.11%
99 VANGUARD INDEX FDS 5,938 628 0.11%
100 INTERNATIONAL BUSINESS MACHS 3,893 625 0.11%
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