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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 XCEL ENERGY INC 5,638 203 0.03%
2 WISDOMTREE TR 658 28 0.00%
3 WISDOMTREE TR 785 34 0.01%
4 WISDOMTREE TR 1,007 42 0.01%
5 WELLS FARGO & CO NEW 98,789 5,416 0.92%
6 WAL-MART STORES INC 565 49 0.01%
7 VISA INC 22,025 5,775 0.98%
8 VERIZON COMMUNICATIONS INC 92,305 4,318 0.73%
9 VANGUARD WHITEHALL FDS 42,138 2,897 0.49%
10 VANGUARD TAX-MANAGED FDS 13,500 511 0.09%
11 VANGUARD SCOTTSDALE FDS 93,776 8,887 1.51%
12 VANGUARD INTL EQUITY INDEX F 136 6 0.00%
13 VANGUARD INTL EQUITY INDEX F 8,136 326 0.06%
14 VANGUARD INDEX FDS 122,903 15,186 2.57%
15 VANGUARD INDEX FDS 5,522 695 0.12%
16 VANGUARD INDEX FDS 11,413 2,150 0.36%
17 VANGUARD INDEX FDS 2,497 291 0.05%
18 VANGUARD INDEX FDS 5,938 628 0.11%
19 VANGUARD INDEX FDS 387,910 73,082 12.38%
20 VANGUARD INDEX FDS 121 13 0.00%
21 VANGUARD INDEX FDS 74,950 6,071 1.03%
22 VANGUARD BD INDEX FDS 704 58 0.01%
23 Urologix Inc 10,000 0 0.00%
24 US BANCORP DEL 70,949 3,189 0.54%
25 UNITEDHEALTH GROUP INC 38,620 3,904 0.66%
26 UNITED TECHNOLOGIES CORP 31,936 3,673 0.62%
27 TOTAL S A 14,043 719 0.12%
28 TJX COS INC NEW 5,175 355 0.06%
29 STATE STR CORP 40,547 3,183 0.54%
30 STARWOOD HOTELS & RESORTS WORLDWIDE INC COM 38,586 3,128 0.53%
31 STARBUCKS CORP 69,533 5,705 0.97%
32 ST JUDE MED INC 3,200 208 0.04%
33 SPECTRA ENERGY PARTNERS LP 1,694 97 0.02%
34 SPDR S&P 500 ETF TR 94,048 19,330 3.27%
35 SPDR DOW JONES REIT ETF 463 42 0.01%
36 SPARTAN MTRS INC 742 4 0.00%
37 SOUTHERN CO 12,625 620 0.11%
38 SIFCO INDS INC 10,602 309 0.05%
39 SELECT SECTOR SPDR TR 25,517 2,020 0.34%
40 SELECT SECTOR SPDR TR 123,291 5,822 0.99%
41 SCHLUMBERGER LTD 42,592 3,637 0.62%
42 ROYAL DUTCH SHELL PLC 11,477 769 0.13%
43 ROYAL BK CDA MONTREAL QUE 12,353 853 0.14%
44 ROSS STORES INC 2,224 210 0.04%
45 QUALCOMM INC 62,589 4,652 0.79%
46 PRUDENTIAL FINL INC 46,655 4,220 0.71%
47 PROCTER AND GAMBLE CO 65,739 5,989 1.01%
48 PRICELINE GRP INC 36 41 0.01%
49 PRICELINE GRP INC 6,054 6,903 1.17%
50 PRAXAIR INC 26,601 3,446 0.58%
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