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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
1 ABB LTD 26,314 557 0.09%
2 ABBOTT LABS 97,168 4,374 0.74%
3 ACCENTURE PLC IRELAND 46,861 4,185 0.71%
4 ADAMS DIVERSIFIED EQUITY FD 564 8 0.00%
5 AMERICAN EXPRESS CO 39,812 3,704 0.63%
6 APACHE CORP 3,515 220 0.04%
7 APPLE INC 125,379 13,839 2.34%
8 AT&T INC 123,220 4,139 0.70%
9 Alcatel Lucent Adr 19 0 0.00%
10 BECTON DICKINSON & CO 26,682 3,714 0.63%
11 BERKSHIRE HATHAWAY INC DEL 31,400 4,714 0.80%
12 BLACKROCK INC 11,412 4,081 0.69%
13 BOEING CO 45,200 5,875 1.00%
14 BROADCOM CORP CL A 59 3 0.00%
15 Birmingham Bloomfield Bancshares 1,250 10 0.00%
16 CARDINAL HEALTH INC 7,402 598 0.10%
17 CELGENE CORP 18,280 2,045 0.35%
18 CF INDS HLDGS INC 1,575 429 0.07%
19 CHEVRON CORP NEW 34,798 3,904 0.66%
20 CISCO SYS INC 168,378 4,683 0.79%
21 CITIGROUPINC 58,578 3,170 0.54%
22 CME GROUP INC 40,510 3,592 0.61%
23 COCA COLA CO 102,793 4,339 0.74%
24 COGNIZANT TECHNOLOGY SOLUTIO 119,330 6,284 1.06%
25 COLGATE PALMOLIVE CO 4,300 298 0.05%
26 COMCAST CORP NEW 90,483 5,249 0.89%
27 CONOCOPHILLIPS 12,111 837 0.14%
28 CONSOLIDATED EDISON INC 13,842 914 0.15%
29 CVS HEALTH CORP 46,991 4,525 0.77%
30 DANAHER CORP DEL 39,384 3,376 0.57%
31 DICKS SPORTING GOODS INC 58,276 2,893 0.49%
32 DISNEY WALT CO 40,360 3,801 0.64%
33 DU PONT E I DE NEMOURS & CO 67,483 4,990 0.85%
34 DUKE ENERGY CORP NEW 8,853 740 0.13%
35 E M C CORP MASS COM 147,416 4,384 0.74%
36 EATON CORP PLC 75,108 5,104 0.86%
37 ECOLAB INC 6,600 690 0.12%
38 EMERSON ELEC CO 8,844 546 0.09%
39 EXPRESS SCRIPTS HLDG CO 102,173 8,651 1.47%
40 EXXON MOBIL CORP 71,023 6,566 1.11%
41 F5 NETWORKS INC 30,281 3,951 0.67%
42 GENERAL ELECTRIC CO 279,719 7,069 1.20%
43 GENERAL MLS INC 18,521 988 0.17%
44 GILEAD SCIENCES INC 4,640 437 0.07%
45 GOOGLE INC 5,433 2,860 0.48%
46 GRAINGER W W INC 2,077 529 0.09%
47 HALLIBURTON CO 107,514 4,229 0.72%
48 HOME DEPOT INC 12,260 1,287 0.22%
49 HONEYWELL INTL INC 41,962 4,193 0.71%
50 INTEL CORP 22,821 828 0.14%
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