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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
101 SOUTHERN CO 12,625 620 0.11%
102 CARDINAL HEALTH INC 7,402 598 0.10%
103 ISHARES TR 6,491 582 0.10%
104 ABB LTD 26,314 557 0.09%
105 EMERSON ELEC CO 8,844 546 0.09%
106 GRAINGER W W INC 2,077 529 0.09%
107 VANGUARD TAX-MANAGED FDS 13,500 511 0.09%
108 ISHARES TR 3,944 471 0.08%
109 GILEAD SCIENCES INC 4,640 437 0.07%
110 CF INDS HLDGS INC 1,575 429 0.07%
111 ISHARES TR 3,874 427 0.07%
112 NEXTERA ENERGY INC 3,380 359 0.06%
113 TJX COS INC NEW 5,175 355 0.06%
114 VANGUARD INTL EQUITY INDEX F 8,136 326 0.06%
115 SIFCO INDS INC 10,602 309 0.05%
116 COLGATE PALMOLIVE CO 4,300 298 0.05%
117 ISHARES TR 11,621 295 0.05%
118 VANGUARD INDEX FDS 2,497 291 0.05%
119 NOVARTIS A G 2,951 274 0.05%
120 ISHARES TR 2,434 272 0.05%
121 Market Vectors Oil Services 7,190 258 0.04%
122 NUCOR CORP 4,899 240 0.04%
123 ISHARES 4,242 233 0.04%
124 KINDER MORGAN INC DEL 5,314 225 0.04%
125 APACHE CORP 3,515 220 0.04%
126 ROSS STORES INC 2,224 210 0.04%
127 ST JUDE MED INC 3,200 208 0.04%
128 ISHARES TR 2,220 208 0.04%
129 XCEL ENERGY INC 5,638 203 0.03%
130 MDU RES GROUP INC 8,600 202 0.03%
131 ISHARES TR 4,288 168 0.03%
132 SPECTRA ENERGY PARTNERS LP 1,694 97 0.02%
133 ISHARES TR 685 75 0.01%
134 NUSTAR ENERGY LP 1,145 66 0.01%
135 VANGUARD BD INDEX FDS 704 58 0.01%
136 ISHARES TR 564 55 0.01%
137 PACIRA PHARMACEUTICALS INC 582 52 0.01%
138 WAL-MART STORES INC 565 49 0.01%
139 WISDOMTREE TR 1,007 42 0.01%
140 SPDR DOW JONES REIT ETF 463 42 0.01%
141 PRICELINE GRP INC 36 41 0.01%
142 LIBERTY ALL STAR EQUITY FUND SH BEN INT 5,788 35 0.01%
143 WISDOMTREE TR 785 34 0.01%
144 ISHARES TR CONSER ALLOC ETF 1,000 33 0.01%
145 WISDOMTREE TR 658 28 0.00%
146 ISHARES MSCI EUROPE SMALL-CAP ETF 573 24 0.00%
147 INTERCONTINENTAL EXCHANGE IN 102 22 0.00%
148 INTERNATIONAL BUSINESS MACHS 120 19 0.00%
149 ONEOK PARTNERS LP 444 18 0.00%
150 VANGUARD INDEX FDS 121 13 0.00%
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