Alerus Financial Corporation
US ˙ NasdaqCM ˙ US01446U1034

SecurityALRS / Alerus Financial Corporation
InstitutionState Street Corp
Latest Disclosed Ownership493,162 shares
Latest Disclosed Value $ 11,795,016
State Street Corp reports 3.60% increase in ownership of ALRS / Alerus Financial Corporation

On May 15, 2026 - State Street Corp filed a 13F-HR form disclosing ownership of 493,162 shares of Alerus Financial Corporation (US:ALRS) valued at $11,692,871 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 476,030 shares of Alerus Financial Corporation. This represents a change in shares of 3.60% during the quarter. The current value of the position is $14,277,040 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F ALERUS FINL COM 01446U103 493,162 17,132 3.60 11,795 9.02 0.0004
2026-02-13 2025-12-31 13F ALERUS FINL COM 01446U103 476,030 4,284 0.91 10,819 2.63 0.0004
2025-11-14 2025-09-30 13F ALERUS FINL COM 01446U103 471,746 -2,862 -0.60 10,542 1.73 0.0004
2025-08-14 2025-06-30 13F ALERUS FINL COM 01446U103 474,608 70,834 17.54 10,363 37.59 0.0004
2025-05-15 2025-03-31 13F ALERUS FINL COM 01446U103 403,774 11,789 3.01 7,532 -1.14 0.0003
2025-02-14 2024-12-31 13F ALERUS FINL COM 01446U103 391,985 40,210 11.43 7,619 -6.15 0.0003
2024-11-14 2024-09-30 13F ALERUS FINL COM 01446U103 351,775 3,623 1.04 8,118 17.74 0.0003
2024-08-14 2024-06-30 13F ALERUS FINL COM 01446U103 348,152 766 0.22 6,896 -9.83 0.0003
2024-05-15 2024-03-31 13F ALERUS FINL COM 01446U103 347,386 15,823 4.77 7,648 2.15 0.0003
2024-02-14 2023-12-31 13F ALERUS FINL COM 01446U103 331,563 3,961 1.21 7,486 24.41 0.0004
2023-11-14 2023-09-30 13F ALERUS FINL COM 01446U103 327,602 1,831 0.56 6,018 1.72 0.0003
2023-08-14 2023-06-30 13F ALERUS FINL COM 01446U103 325,771 19,529 6.38 5,916 19.06 0.0003
2023-05-15 2023-03-31 13F ALERUS FINL COM 01446U103 306,242 10,891 3.69 4,968 -28.51 0.0003
2023-05-15 2022-12-31 13F/A-99 ALERUS FINL COM 01446U103 295,351 1,421 0.48 6,949 6.12 0.0004
2023-05-15 2022-12-31 13F ALERUS FINL COM 01446U103 295,351 1,421 6,949 0.0004
2022-11-15 2022-09-30 13F ALERUS FINL COM 01446U103 293,930 3,690 1.27 6,548 -5.95 0.0004
2022-08-15 2022-06-30 13F ALERUS FINL COM 01446U103 290,240 3,335 1.16 6,962 -12.70 0.0004
2022-05-16 2022-03-31 13F ALERUS FINL COM 01446U103 286,905 10,640 3.85 7,975 -1.94 0.0004
2022-02-14 2021-12-31 13F ALERUS FINL COM 01446U103 276,265 5,736 2.12 8,133 0.09 0.0004
2021-11-15 2021-09-30 13F ALERUS FINL COM 01446U103 270,529 333 0.12 8,126 3.11 0.0004
2021-08-16 2021-06-30 13F ALERUS FINL COM 01446U103 270,196 13,309 5.18 7,881 2.47 0.0004
2021-07-09 2021-03-31 13F/A-1 ALERUS FINL COM 01446U103 256,887 -16,292 -5.96 7,691 2.37 0.0004
2021-05-17 2021-03-31 13F ALERUS FINL COM 01446U103 256,887 -16,292 7,691 0.0004
2021-02-16 2020-12-31 13F ALERUS FINL COM 01446U103 273,179 46,738 20.64 7,513 68.04 0.0005
2020-11-10 2020-09-30 13F ALERUS FINL COM 01446U103 226,441 7,546 3.45 4,471 3.07 0.0003
2020-08-14 2020-06-30 13F ALERUS FINL COM 01446U103 218,895 153,345 233.94 4,338 298.35 0.0003
2020-06-19 2020-03-31 13F/A-1 ALERUS FINL COM 01446U103 65,550 36,352 124.50 1,089 63.02 0.0001
2020-05-11 2020-03-31 13F ALERUS FINL COM 01446U103 65,550 36,352 1,089 95.6361
2020-02-06 2019-12-31 13F ALERUS FINL COM 01446U103 29,198 29,198 668 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.