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 (2014Q4)
Original 13F HR (0001541895-15-000001) filed in 2015.02.13
#
Name
Shares
Value ($)
%
Options
Notes
1 Alcatel Lucent Adr 19 0 0.00%
2 PRICELINE GRP INC 36 41 0.01%
3 BROADCOM CORP CL A 59 3 0.00%
4 ISHARES TR 86 10 0.00%
5 ISHARES TR 87 8 0.00%
6 POWERSHARES QQQ TRUST 100 10 0.00%
7 ISHARES 100 4 0.00%
8 INTERCONTINENTAL EXCHANGE IN 102 22 0.00%
9 INTERNATIONAL BUSINESS MACHS 120 19 0.00%
10 VANGUARD INDEX FDS 121 13 0.00%
11 VANGUARD INTL EQUITY INDEX F 136 6 0.00%
12 ISHARES TR 174 8 0.00%
13 JOHN HANCOCK HDG EQ & INC FD 325 5 0.00%
14 HANCOCK JOHN PREMUIM DIV FD 405 6 0.00%
15 ONEOK PARTNERS LP 444 18 0.00%
16 SPDR DOW JONES REIT ETF 463 42 0.01%
17 ISHARES TR 564 55 0.01%
18 ADAMS DIVERSIFIED EQUITY FD 564 8 0.00%
19 WAL-MART STORES INC 565 49 0.01%
20 ISHARES MSCI EUROPE SMALL-CAP ETF 573 24 0.00%
21 PACIRA PHARMACEUTICALS INC 582 52 0.01%
22 WISDOMTREE TR 658 28 0.00%
23 ISHARES TR 685 75 0.01%
24 VANGUARD BD INDEX FDS 704 58 0.01%
25 SPARTAN MOTORS INC 742 4 0.00%
26 WISDOMTREE TR 785 34 0.01%
27 ISHARES TR CONSER ALLOC ETF 1,000 33 0.01%
28 WISDOMTREE TR 1,007 42 0.01%
29 NUSTAR ENERGY LP 1,145 66 0.01%
30 Birmingham Bloomfield Bancshares 1,250 10 0.00%
31 CF INDS HLDGS INC 1,575 429 0.07%
32 SPECTRA ENERGY PARTNERS LP 1,694 97 0.02%
33 GRAINGER W W INC 2,077 529 0.09%
34 ISHARES TR 2,220 208 0.04%
35 ROSS STORES INC 2,224 210 0.04%
36 ISHARES TR 2,434 272 0.05%
37 VANGUARD INDEX FDS 2,497 291 0.05%
38 NOVARTIS A G 2,951 274 0.05%
39 ST JUDE MED INC 3,200 208 0.04%
40 NEXTERA ENERGY INC 3,380 359 0.06%
41 APACHE CORP 3,515 220 0.04%
42 ISHARES TR 3,874 427 0.07%
43 INTERNATIONAL BUSINESS MACHS 3,893 625 0.11%
44 ISHARES TR 3,944 471 0.08%
45 ISHARES 4,242 233 0.04%
46 ISHARES TR 4,288 168 0.03%
47 COLGATE PALMOLIVE CO 4,300 298 0.05%
48 GILEAD SCIENCES INC 4,640 437 0.07%
49 NUCOR CORP 4,899 240 0.04%
50 TJX COS INC NEW 5,175 355 0.06%
Page 1 of 4