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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 ISHARES TR 561,267 61,807 10.47%
2 VANGUARD INDEX FDS 387,910 73,082 12.38%
3 ISHARES TR 287,520 34,393 5.83%
4 GENERAL ELECTRIC CO 279,719 7,069 1.20%
5 MICROSOFT CORP 269,543 12,521 2.12%
6 CISCO SYS INC 168,378 4,683 0.79%
7 PFIZER INC 161,220 5,022 0.85%
8 Agnico Eagle 147,416 4,384 0.74%
9 ORACLE CORP 133,707 6,013 1.02%
10 APPLE INC 125,379 13,839 2.34%
11 SELECT SECTOR SPDR TR 123,291 5,822 0.99%
12 AT&T INC 123,220 4,139 0.70%
13 VANGUARD INDEX FDS 122,903 15,186 2.57%
14 COGNIZANT TECHNOLOGY SOLUTIO 119,330 6,284 1.06%
15 MONDELEZ INTL INC 111,277 4,042 0.68%
16 JPMORGAN CHASE & CO 111,169 6,957 1.18%
17 HALLIBURTON CO 107,514 4,229 0.72%
18 COCA COLA CO 102,793 4,339 0.74%
19 EXPRESS SCRIPTS HLDG CO 102,173 8,651 1.47%
20 WELLS FARGO CO NEW 98,789 5,416 0.92%
21 ABBOTT LABS 97,168 4,374 0.74%
22 SPDR S&P 500 ETF TR 94,048 19,330 3.27%
23 VANGUARD SCOTTSDALE FDS 93,776 8,887 1.51%
24 VERIZON COMMUNICATIONS INC 92,305 4,318 0.73%
25 COMCAST CORP NEW 90,483 5,249 0.89%
26 MEDTRONIC INC 89,980 6,497 1.10%
27 JOHNSON & JOHNSON 75,530 7,898 1.34%
28 EATON CORP PLC 75,108 5,104 0.86%
29 VANGUARD INDEX FDS 74,950 6,071 1.03%
30 EXXON MOBIL CORP 71,023 6,566 1.11%
31 US BANCORP DEL 70,949 3,189 0.54%
32 STARBUCKS CORP 69,533 5,705 0.97%
33 DU PONT E I DE NEMOURS & CO 67,483 4,990 0.85%
34 PROCTER AND GAMBLE CO 65,739 5,989 1.01%
35 QUALCOMM INC 62,589 4,652 0.79%
36 LOWES COS INC 61,590 4,238 0.72%
37 METLIFE INC 60,700 3,283 0.56%
38 CITIGROUP INC 58,578 3,170 0.54%
39 DICKS SPORTING GOODS 58,276 2,893 0.49%
40 PHILIP MORRIS INTL INC 55,058 4,485 0.76%
41 PEPSICO INC 53,188 5,029 0.85%
42 NORFOLK SOUTHERN CORP 48,072 5,269 0.89%
43 CVS HEALTH CORP 46,991 4,525 0.77%
44 ACCENTURE PLC IRELAND 46,861 4,185 0.71%
45 PRUDENTIAL FINL INC 46,655 4,220 0.71%
46 BOEING CO 45,200 5,875 1.00%
47 SCHLUMBERGER LTD 42,592 3,637 0.62%
48 VANGUARD WHITEHALL FDS 42,138 2,897 0.49%
49 HONEYWELL INTL INC 41,962 4,193 0.71%
50 NORDSTROM INC 41,131 3,266 0.55%
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