ALERUS INVESTMENT ADVISORS CORP Information

10900 WAYZATA BLVD., WAYZATA, Minnesota, 55305, (952) 417-3835

Report Date: 12/31/2013

Position Statistics

Total Positions 174
New Positions 8
Increased Positions 48
Decreased Positions 97
Positions with Activity 145
Sold Out Positions 16
Total Mkt Value (in $ millions) 452

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 2.71%
Capital Goods 2.75%
Conglomerates
Consumer Cyclical 1.11%
Consumer/Non-Cyclical 5.8%
Energy 6.82%
Financial 42.37%
Healthcare 6.28%
Services 13.52%
Technology 17.31%
Transportation 0.99%
Utilities 0.34%

174 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SPDR S&P 500 ETF TR TR UNIT 30,583 -11,639 (27.57) 164,080
ISHARES CORE S&P500 ETF 12,525 2,759 28.25 66,787
APPLE INC COM 12,464 -5,100 (29.04) 23,743
MICROSOFT CORP COM 12,003 -501 (4.01) 300,011
VANGUARD INDEX FDS S&P 500 ETF SHS 9,549 2,191 29.77 55,927
EXPRESS SCRIPTS HLDG CO COM 9,159 1,092 13.54 126,694
GENERAL ELECTRIC CO COM 7,900 -2,670 (25.26) 297,445
JPMORGAN CHASE & CO COM 7,872 -2,601 (24.84) 142,566
ISHARES IBOXX INV CP ETF 7,419 1,771 31.35 63,160
WELLS FARGO & CO NEW COM 7,056 -4,544 (39.18) 144,201
CHEVRON CORP NEW COM 6,858 -2,028 (22.82) 55,448
DISNEY WALT CO COM DISNEY 6,685 -2,347 (25.99) 83,570
ISHARES MSCI EAFE ETF 6,587 948 16.81 97,535
JOHNSON & JOHNSON COM 6,138 -2,379 (27.93) 62,024
ISHARES CORE TOTUSBD ETF 6,091 2,312 61.19 56,302
EXXON MOBIL CORP COM 6,057 -2,059 (25.37) 60,317
COGNIZANT TECHNOLOGY SOLUTIONS CL A 6,041 -2,030 (25.15) 121,926
EATON CORP PLC SHS 6,037 -1,679 (21.76) 81,781
VANGUARD INDEX FDS REIT ETF 6,022 -1,931 (24.28) 83,910
ISHARES NASDQ BIOTEC ETF 5,934 -2,141 (26.51) 26,712