UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calender Year or Quarter Ended: December 31, 2012
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.)[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this report:
Name: Alerus Investment Advisors Corporation
Address: 10900 Wayzata Blvd. Suite 120
Minnetonka, MN 55343
13F File Number: 28-14784
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct
and complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Bryan D. Grimm
Title: Chief Compliance Officer
Phone: 952-417-3835
Signature, Place, and Date of Signing:
Bryan D. Grimm Minnetonka, Minnesota February 15, 2013
Report Type (Check only one.):
[X ] 13F Holdings Report.
[ ] 13F Notice.
[ ] 13F Combination Report.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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ALERUS INVESTMENT ADVISORS CORPORATION
FORM 13F SUMMARY PAGE
AS OF DATE: 12/31/12
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: None
FORM 13F INFORMATION TABLE ENTRY TABLE: 103
FORM 13F INFORMATION TABLE VALUE TOTAL: $396,913 Value (X$1000)
LIST OF OTHER INCLUDED MANAGERS: None
ALERUS INVESTMENT ADVISORS CORPORATION
FORM 13F INFORMATION TABLE
AS OF DATE: 12/31/12
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS---CUSIP-- (X$1000) PRN AMT PRN CALLDSCRETN-MANAGERS- SOLE SHARED NONE
ABB LTD SPONSORED ADR 000375204 313 15044 SH SOLE 15,044
AT&T INC COM 00206R102 5429 161064 SH SOLE 161,064
ABBOTT LABORATORIES COM 002824100 8022 122473 SH SOLE 122,473
ALTRIA GROUP INC COM 02209S103 1541 49015 SH SOLE 49,015
AMERICAN EXPRESS CO COM 025816109 4346 75603 SH SOLE 75,603
APACHE INC COM 037411105 5173 65898 SH SOLE 65,898
APPLE COMPUTER COM 037833100 12505 23498 SH SOLE 23,498
BP PLC SPONSORED ADR 055622104 318 7626 SH SOLE 7,626
BAKER HUGHES INC COM 057224107 2643 64707 SH SOLE 64,707
BECTON DICKINSON & COMPANY COM 075887109 3464 44301 SH SOLE 44,301
BERKSHIRE HATHAWAY CALL B NEW 084670702 4337 48348 SH SOLE 48,348
BLACK HILLS CORPORATION COM 092113109 238 6536 SH SOLE 6,536
BLACKROCK INC COM 09247X101 3213 15545 SH SOLE 15,545
BOEING COM 097023105 3397 45081 SH SOLE 45,081
BROADCOM CORPORATION CL A 111320107 3267 98366 SH SOLE 98,366
CF INDUSTRIES HOLDINGS INC COM 125269100 320 1575 SH SOLE 1,575
CME GROUP COM 12572Q105 1893 37356 SH SOLE 37,356
CVS CORP COM 126650100 5378 111221 SH SOLE 111,221
CARDINAL HEALTH INC COM 14149Y108 4863 118100 SH SOLE 118,100
CHEVRON TEXACO COM 166764100 8617 79679 SH SOLE 79,679
CISCO SYSTEMS COM 17275R102 6136 312293 SH SOLE 312,293
COACH INC COM 189754104 1757 31643 SH SOLE 31,643
COCA COLA COMPANY COM 191216100 2138 58984 SH SOLE 58,984
COGNIZANT TECH SOLUTIONS COM 192446102 3530 47779 SH SOLE 47,779
COLGATE-PALMOLIVE COMP COM 194162103 3174 30362 SH SOLE 30,362
COMCAST CORP COM 20030N101 4350 116440 SH SOLE 116,440
CONOCO PHILLIPS COM 20825C104 404 6965 SH SOLE 6,965
DANAHER CORPORATION COM 235851102 2190 39172 SH SOLE 39,172
DEERE & CO COM 244199105 214 2482 SH SOLE 2,482
DISNEY COM 254687106 6916 138911 SH SOLE 138,911
DUPONT E I DENEMOURS COM 263534109 4058 90229 SH SOLE 90,229
EMC INC COM 268648102 6631 262087 SH SOLE 262,087
ECOLAB INC COM 278865100 561 7800 SH SOLE 7,800
EMERSON ELECTIC CO COM 291011104 4012 75764 SH SOLE 75,764
EXPRESS SCRIPTS HLDG CO COM 30219G108 3768 69773 SH SOLE 69,773
EXXON MOBIL CORP COM 30231G102 11675 134893 SH SOLE 134,893
F5 NETWORKS INC COM 315616102 1667 17163 SH SOLE 17,163
FIRST ADVANTAGE BANCORP COM 31848L104 1369 106563 SH SOLE 0 106,563
GENERAL ELECTRIC COMPANY COM 369604103 9326 444296 SH SOLE 444,296
GENERAL MILLS INC COM 370334104 3254 80494 SH SOLE 80,494
GILEAD SCI INC COM 375558103 281 3820 SH SOLE 3,820
GOOGLE INC COM 38259P508 7166 10131 SH SOLE 10,131
GRAINGER WW INC COM 384802104 438 2164 SH SOLE 2,164
HALLIBURTON CO COM 406216101 3865 111405 SH SOLE 111,405
HOME DEPOT INC COM 437076102 440 7120 SH SOLE 7,120
HONEYWELL INTL INC COM 438516106 3374 53160 SH SOLE 53,160
INTEL INC COM 458140100 5526 268000 SH SOLE 268,000
INTERCONTINENTAL EXCHANGE COM 45865V100 220 1775 SH SOLE 1,775
IBM COM 459200101 572 2987 SH SOLE 2,987
ISHARES TRUST DJ SEL DIV INX 464287168 434 7580 SH SOLE 7,580
ISHARES TRUST BARCLYS TIPS BD 464287176 27 225 SH SOLE 225
ISHARES TRUST MSCI EMERG MKT 464287234 216 4870 SH SOLE 4,870
ISHARES TRUST IBOXX INV CPBD 464287242 63 520 SH SOLE 520
ISHARES TRUST MSCI EAFE INDEX 464287465 103 1815 SH SOLE 1,815
ISHARES TRUST NASDQ BIO INDX 464287556 5243 38208 SH SOLE 38,208
JP MORGAN CHASE & CO COM 46625H100 9644 219344 SH SOLE 219,344
JOHNSON AND JOHNSON COM 478160104 6288 89707 SH SOLE 89,707
MCDONALDS CORP COM 580135101 6537 74108 SH SOLE 74,108
MEDTRONIC INC COM 585055106 948 23105 SH SOLE 23,105
MERCK & CO INC COM 58933Y105 355 8683 SH SOLE 8,683
MICROSOFT INC COM 594918104 13885 519845 SH SOLE 519,845
MONDELEZ INTL INC CL A 609207105 2099 82461 SH SOLE 82,461
MONSANTO COMPANY COM 61166W101 3501 36986 SH SOLE 36,986
NATIONAL OILWELL VARCO COM 637071101 3046 44568 SH SOLE 44,568
NEXTERA ENERGY INC COM 65339F101 231 3340 SH SOLE 3,340
NIKE INC COM 654106103 4738 91831 SH SOLE 91,831
NORFOLK SOUTHERN CORP COM 655844108 3496 56532 SH SOLE 56,532
NUCOR CO COM 670346105 211 4899 SH SOLE 4,899
ORACLE SYSTEMS INC COM 68389X105 6034 181104 SH SOLE 181,104
PEPSICO INC COM 713448108 5623 82177 SH SOLE 82,177
PFIZER INC COM 717081103 247 9861 SH SOLE 9,861
PHILIP MORRIS COM 718172109 6474 77405 SH SOLE 77,405
PRAXAIR INC COM 74005P104 3675 33579 SH SOLE 33,579
PRICELINE COM INC COM 741503403 2127 3428 SH SOLE 3,428
PROCTER AND GAMBLE COMPANY COM 742718109 6201 91345 SH SOLE 91,345
PROSHARES TR PSHS SH MSCI EAF74347R370 684 16475 SH SOLE 16,475
PROSHARES TR PSHSSH MDCAP400 74347R800 1252 49400 SH SOLE 49,400
PROSHARES TR ULTRASHORT EUR 74347W882 2133 112200 SH SOLE 112,200
PRUDENTIAL FINANCIAL INC COM 744320102 5292 99223 SH SOLE 99,223
ROYAL BANK CANADA COM 780087102 489 8110 SH SOLE 8,110
RYDEX ETF TRUST GUG RUSS TOP 50 78355W205 27893 270859 SH SOLE 270,859
SPDR S & P 500 ETF TR TR UNIT 78462F103 1718 12065 SH SOLE 12,065
SPDR GOLD TRUST GOLD SHS 78463V107 9555 58974 SH SOLE 58,974
SPDR INDEX SHS FDS DJ GLB RL EX ETF78463X749 503 11940 SH SOLE 11,940
SCHLUMBERGER LTD COM 806857108 2900 41853 SH SOLE 41,853
SELECT SECTOR SPDR TR SBI INT-UTIL 81369Y886 11625 332886 SH SOLE 332,886
SIFCO INDUSTRIES COM 826546103 483 30696 SH SOLE 30,696
SOUTHERN COMPANY COM 842587107 279 6516 SH SOLE 6,516
STARWOOD HOTELS & RESORTS COM 85590A401 2625 45756 SH SOLE 45,756
STATE STREET CORP COM 857477103 3171 67447 SH SOLE 67,447
TJX COMPANIES COM 872540109 3432 80842 SH SOLE 80,842
TARGET CORP COM 87612E106 4126 69732 SH SOLE 69,732
TEVA PHARMACEUTICAL IND ADR 881624209 2536 67928 SH SOLE 67,928
TIME WARNER CABLE INC COM 88732J207 215 2208 SH SOLE 2,208
UNITED TECHNOLOGIES INC COM 913017109 4178 50945 SH SOLE 50,945
UNITEDHEALTH GROUP INC COM 91324P102 4217 77743 SH SOLE 77,743
VERIZON COMMUNICATION COM 92343V104 4453 102920 SH SOLE 102,920
VISA INC COM CL A 92826C839 4403 29045 SH SOLE 29,045
WAL-MART STORES INC COM 931142103 4786 70149 SH SOLE 70,149
WELLS FARGO & CO NEW COM STK COM 949746101 10105 295636 SH SOLE 295,636
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 3519 52911 SH SOLE 52,911
COVIDIEN PLC SHS G2554F105 5188 89853 SH SOLE 89,853
EATON CORP PLC SHS G29183103 5418 99994 SH SOLE 99,994
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