UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
06-30-2023
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 FINANCIAL NA
Address:
PO BOX 6001
401 DEMERS AVE
GRAND FORKS, ND 58206-6001
Form 13F File Number:
028-03439

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:
Heather Bergantine
Title:
Wealth Management Advisor Support Manager
Phone:
701-280-5032


Signature, Place, and Date of Signing:

Heather Bergantine
                         [Signature]
Fargo, NORTH DAKOTA
                 [City, State]
08-11-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
158
Form 13F Information table Value Total:
1181193218
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AT&T INCCOM00206R1026,388,637400,541SHSOLE400,541 0 0
ABBOTT LABORATORIESCOM002824100502,0394,605SHSOLE4,605 0 0
ABBVIE INCCOM00287Y1096,361,40947,216SHSOLE47,216 0 0
ACTIVISION BLIZZARD INCCOM00507V1099,617,502114,086SHSOLE114,086 0 0
ADOBE SYSTEMS INCCOM00724F101327,626670SHSOLE670 0 0
ADVANCE AUTO PARTS INCCOM00751Y1068,305,697118,146SHSOLE118,146 0 0
ADVANCED MIRCO DEVICES INCCOM007903107469,9904,126SHSOLE4,126 0 0
ALERUS FINANCIAL CORPCOM01446U1033,455,594192,191SHSOLE192,191 0 0
ALERUS FINANCIAL CORPCOM01446U10338,634,6912,148,759SHOTR 0 0 2,148,759
ALIBABA GROUP HLDG LTDSPONSORED ADR01609W1028,469,631101,615SHSOLE101,615 0 0
ALPHABET INCCOM02079K30511,018,42092,050SHSOLE92,050 0 0
AMAZON.COM INCCOM0231351061,402,02210,755SHSOLE10,755 0 0
AMERICAN EXPRESS COCOM025816109639,8383,673SHSOLE3,673 0 0
AMERISOURCEBERGEN CORPCOM03073E1056,574,75834,167SHSOLE34,167 0 0
ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR03524A108707,46812,473SHSOLE12,473 0 0
ELEVANCE HEALTH INC COM0367521037,093,97415,967SHSOLE15,967 0 0
APPLE COMPUTERCOM03783310033,658,689173,525SHSOLE173,525 0 0
BANK OF AMERICACOM060505104383,15713,355SHSOLE13,355 0 0
BERKSHIRE HATHAWAYCL A084670108517,8101SHSOLE1 0 0
BERKSHIRE HATHAWAYCL B NEW08467070213,838,12140,581SHSOLE40,581 0 0
BEST BUY INCCOM0865161017,277,57688,805SHSOLE88,805 0 0
BHP BILLITON LTDSPONSORED ADR08860610816,438,839275,496SHSOLE275,496 0 0
BLACKSTONE GROUP INCCOM CL A09260D107447,3754,812SHSOLE4,812 0 0
BROADCOM INCCOM11135F10111,859,49413,672SHSOLE13,672 0 0
BROADWIND INCCOM NEW11161T20750,57313,239SHSOLE13,239 0 0
BURLINGTON STORES INCCOM122017106278,7361,771SHSOLE1,771 0 0
CMS ENERGY CORPCOM12589610013,654,280232,411SHSOLE232,411 0 0
CVS CORPCOM1266501004,578,13366,225SHSOLE66,225 0 0
CADENCE DESIGN SYSTEM INC COM1273871087,234,23830,847SHSOLE30,847 0 0
CANADIAN PACIFIC KANSAS CITYCOM13646K1083,814,28547,224SHSOLE47,224 0 0
CATERPILLAR INCCOM149123101258,1071,049SHSOLE1,049 0 0
CENTRAL GARDEN & PET COCL A & NON-VTG153527205420,74811,540SHSOLE11,540 0 0
CHENIERE ENERGY INCCOM NEW16411R208731,3304,800SHSOLE4,800 0 0
CHEVRON TEXACOCOM1667641008,554,66454,367SHSOLE54,367 0 0
CISCO SYSTEMSCOM17275R102403,9337,807SHSOLE7,807 0 0
CLOROX CO DELCOM1890541093,239,64420,370SHSOLE20,370 0 0
COCA COLA COMPANYCOM1912161001,361,33122,606SHSOLE22,606 0 0
ENOVIS CORPORATIONCOM1940145028,818,483137,531SHSOLE137,531 0 0
COSTCO WHSL CORPCOM22160K105628,2891,167SHSOLE1,167 0 0
DANAHER CORPORATIONCOM235851102785,5203,273SHSOLE3,273 0 0
DEERE & COCOM2441991051,134,1262,799SHSOLE2,799 0 0
DIMENSIONAL ETF TRUSTWORLD EX US CORE25434V880100,820,1204,325,187SHSOLE4,325,187 0 0
DOLLAR TREE INCCOM25674610810,221,29171,227SHSOLE71,227 0 0
ECOLAB INCCOM2788651001,163,6386,233SHSOLE6,233 0 0
ELECTRONIC ARTS INC DELCOM2855121097,214,21155,622SHSOLE55,622 0 0
EMERSON ELECTIC COCOM291011104428,5374,741SHSOLE4,741 0 0
EXXON MOBIL CORP COMCOM30231G10216,596,757154,747SHSOLE154,747 0 0
META PLATFORMS INCCL A30303M1021,089,9513,798SHSOLE3,798 0 0
FIFTH THIRD BANCORP COM31677310013,107,100500,080SHSOLE500,080 0 0
FORTIVE CORPCOM34959J108207,9362,782SHSOLE2,782 0 0
FREEPORT-MCMORAN COPPER & GOLDCL B35671D857736,12018,403SHSOLE18,403 0 0
GE HEALTHCARE TECHNOLOGIES ICOMMON STOCK36266G1073,844,92547,328SHSOLE47,328 0 0
GALLAGHER ARTHUR J & COCOM3635761093,331,11015,171SHSOLE15,171 0 0
HASBRO INCCOM4180561076,228,34196,161SHSOLE96,161 0 0
HEICO CORP NEWCOM4228061098,675,03549,028SHSOLE49,028 0 0
HOME DEPOT INCCOM4370761021,978,4686,369SHSOLE6,369 0 0
HUMANA INC COM4448591025,586,45012,494SHSOLE12,494 0 0
INTEL INCCOM4581401006,776,716202,653SHSOLE202,653 0 0
GLUCOTRACK INCCOM45824Q50723,90869,279SHSOLE69,279 0 0
INTERCONTINENTAL EXCHANCOM45866F1046,977,72761,706SHSOLE61,706 0 0
IBMCOM4592001017,680,29757,397SHSOLE57,397 0 0
INTUITIVE SURGICAL INCCOM NEW46120E6021,595,8364,667SHSOLE4,667 0 0
IQVIA HOLDINGS INCCOM46266C1055,600,82424,918SHSOLE24,918 0 0
ISHARES TRUSTDJ SEL DIV INX464287168392,8113,467SHSOLE3,467 0 0
ISHARES TRUSTCORE S&P500 ETF4642872002,144,3114,811SHSOLE4,811 0 0
ISHARES TRUSTCORE TOTUSBD ETF46428722668,190,049696,172SHSOLE696,172 0 0
ISHARES S&P 500 GROWTHETF4642873091,583,26322,464SHSOLE22,464 0 0
ISHARES TR20 YR TR BD ETF4642874327,191,49169,861SHSOLE69,861 0 0
ISHARES RUSSELL MIDCAPX FDETF46428749919,987,871273,694SHSOLE273,694 0 0
ISHARES TRUSTCORE S&P MCP ETF464287507645,8562,470SHSOLE2,470 0 0
ISHARES TRUSTS&P MC 400GR ETF464287606508,8006,784SHSOLE6,784 0 0
ISHARES TRUSTRUSSELL 2000464287655680,9143,636SHSOLE3,636 0 0
ISHARES TRUSTCORE S&P SCP ETF464287804489,6804,914SHSOLE4,914 0 0
ISHARES TRUSTEAFE GRWTH ETF464288885505,6735,300SHSOLE5,300 0 0
ISHARES TRUSTCORE MSCI TOTAL46432F83461,081,990975,439SHSOLE975,439 0 0
JP MORGAN CHASE & COCOM46625H1009,327,50264,133SHSOLE64,133 0 0
JOHNSON AND JOHNSONCOM478160104699,8174,228SHSOLE4,228 0 0
LAUDER ESTEE COS INCCL A5184391044,698,00523,923SHSOLE23,923 0 0
LILLY ELI & COCOM53245710810,529,56722,452SHSOLE22,452 0 0
LOCKHEED MARTIN CORPCOM539830109407,897886SHSOLE886 0 0
LOWES COS INCCOM548661107220,509977SHSOLE977 0 0
MARSH & MCLENNAN COS INCCOM5717481024,427,58323,541SHSOLE23,541 0 0
MASTERCARD INCORPORATEDCOM57636Q104258,401657SHSOLE657 0 0
MCDONALDS CORP COM580135101256,932861SHSOLE861 0 0
MERCK & CO INCCOM58933Y1058,374,43272,575SHSOLE72,575 0 0
METLIFE INCCOM59156R1086,692,926118,396SHSOLE118,396 0 0
MICROSOFT INCCOM59491810451,723,623151,887SHSOLE151,887 0 0
MORGAN STANLEYCOM NEW617446448307,7823,604SHSOLE3,604 0 0
NETFLIX INCCOM64110L106543,1231,233SHSOLE1,233 0 0
NIKE INCCL B6541061034,959,14544,932SHSOLE44,932 0 0
NORFOLK SOUTHERN CORPCOM655844108435,1551,919SHSOLE1,919 0 0
NIVIDIA CORPCOM67066G10416,042,17137,923SHSOLE37,923 0 0
OKTA INCORPORATIONCL A6792951051,097,18815,821SHSOLE15,821 0 0
OLD DOMINION FREIGHT LINE INCCOM679580100207,801562SHSOLE562 0 0
OMNICOM GROUP INCCOM6819191066,977,92873,336SHSOLE73,336 0 0
ORACLE CORPCOM68389X10515,298,786128,464SHSOLE128,464 0 0
OTTER TAIL CORPCOM689648103310,3133,930SHSOLE3,930 0 0
OXFORD SQUARE CAP CORPCOM69181V10726,50010,000SHSOLE10,000 0 0
PAPA JOHNS INTL INCCOM6988131025,205,38670,505SHSOLE70,505 0 0
PEPSICO INCCOM713448108268,5701,450SHSOLE1,450 0 0
PFIZER INCCOM717081103301,8038,228SHSOLE8,228 0 0
PIONEER NAT RES COCOM7237871073,949,06419,061SHSOLE19,061 0 0
PROCTER AND GAMBLE COMPCOM742718109457,9503,018SHSOLE3,018 0 0
PROLOGIS INCCOM74340W1035,985,43748,809SHSOLE48,809 0 0
PRUDENTIAL FINANCIAL INCOM744320102251,7782,854SHSOLE2,854 0 0
QUALCOMM INCCOM747525103360,9303,032SHSOLE3,032 0 0
RAYTHEON TECHNOLOGIES CORPCOM75513E1019,596,93397,968SHSOLE97,968 0 0
RESTURANT BRANDS INTERNATIONAL INCCOM76131D1037,551,68197,416SHSOLE97,416 0 0
RIO TINTO PLCSPONSORED ADR7672041008,490,722133,000SHSOLE133,000 0 0
S&P GLOBAL INCCOM78409V1047,183,15517,918SHSOLE17,918 0 0
SPDR S &P 500 ETF TRTR UNIT78462F103995,6082,246SHSOLE2,246 0 0
SPDR GOLD TRUSTGOLD SHS78463V10711,036,33961,908SHSOLE61,908 0 0
SPDR SER TRS&P BIOTECH78464A8704,518,25654,306SHSOLE54,306 0 0
SELECT SECTOR SPDR TRSBI CONS STPLS81369Y3082,189,43029,519SHSOLE29,519 0 0
SELECT SECTOR SPDR TRSBI CONS DISCR81369Y40711,744,41169,162SHSOLE69,162 0 0
SELECT SECTOR SPDR ETFENERGY81369Y5061,744,99221,498SHSOLE21,498 0 0
SELECT SECTOR SPDR TRSBI INT-INDS81369Y7044,421,58141,200SHSOLE41,200 0 0
SELECT SECTOR SPDR ETFTECHNOLOGY81369Y80320,804,785119,664SHSOLE119,664 0 0
SELECT SECTOR SPDR ETFSBI INT-UTILS81369Y8862,201,98033,649SHSOLE33,649 0 0
SELECTA BIOSCIENCES, INCCOM81621210433,60030,000SHSOLE30,000 0 0
SHOPIFY INCCL A82509L1073,916,69660,630SHSOLE60,630 0 0
SNAP INCCL A83304A106246,75720,841SHSOLE20,841 0 0
SNOWFLAKE INCCL A833445109245,3161,394SHSOLE1,394 0 0
SOUTHERN COMPANYCOM8425871076,603,82494,004SHSOLE94,004 0 0
STRYKER CORPORATIONCOM863667101225,766740SHSOLE740 0 0
SYSCO CORPORATIONCOM871829107207,3142,794SHSOLE2,794 0 0
TAKE-2 INTERACTIVE SOFTWARCOM87405410912,019,86481,679SHSOLE81,679 0 0
TARGET CORPCOM87612E106323,0252,449SHSOLE2,449 0 0
TESLA INCCOM88160R1015,423,35220,718SHSOLE20,718 0 0
TEXAS INSTRUMENTS INCCOM882508104552,1193,067SHSOLE3,067 0 0
THERMO FISHER SCIENTIFICCOM8835561025,753,90711,028SHSOLE11,028 0 0
US BANCORP DELCOM NEW902973304363,20610,993SHSOLE10,993 0 0
ULTA BEAUTY INCCOM90384S3034,068,7758,646SHSOLE8,646 0 0
UNILEVER PLC ADRSPON ADR NEW9047677047,318,265140,385SHSOLE140,385 0 0
UNION PAC CORPCOM9078181085,752,69528,114SHSOLE28,114 0 0
UNITEDHEALTH GROUP INCCOM91324P1022,865,0995,961SHSOLE5,961 0 0
VANECK ETF TRUSTPHARMACEUTCL ETF92189F6925,331,47567,684SHSOLE67,684 0 0
VANGUARD BD INDEX FDSTOTAL BND MRKT921937835303,6264,177SHSOLE4,177 0 0
VANGUARD SCOTTSDALE FDSSHORT TERM TREAS92206C81330,279,008385,769SHSOLE385,769 0 0
VANGUARD INDEX FDSS&P 500 EFT SH922908363122,381,125300,484SHSOLE300,484 0 0
VANGUARD INDEX FDSLARGE CAP ETF9229086371,156,5185,705SHSOLE5,705 0 0
VERIZON COMMUNICATIONCOM92343V1044,975,278133,780SHSOLE133,780 0 0
VICI PPTYS INCCOM9256521095,599,110178,145SHSOLE178,145 0 0
VISA INCCOM CL A92826C83912,746,96253,676SHSOLE53,676 0 0
WALMART INCCOM93114210312,788,48581,362SHSOLE81,362 0 0
WATSCO INC COM9426222003,778,8379,906SHSOLE9,906 0 0
WELLS FARGO & CO NEW COCOM9497461018,578,855201,004SHSOLE201,004 0 0
WESCO INTL INCCOM95082P1058,722,90148,715SHSOLE48,715 0 0
WESTERN DIGITAL CORPORATION DELCOM9581021054,639,112122,307SHSOLE122,307 0 0
WRAP TECHNOLOGIES INCCOM98212N107142,73097,760SHSOLE97,760 0 0
XCEL ENERGY INCCOM98389B1003,316,01853,338SHSOLE53,338 0 0
ACCENTURE PLC IRELANDSHS CLASS AG1151C1011,336,1554,330SHSOLE4,330 0 0
BUNGE LIMITEDCOMG16962105315,7893,347SHSOLE3,347 0 0
EATON CORP PLCSHSG2918310310,612,29052,771SHSOLE52,771 0 0
LINDE PLCCOMG54950103464,5361,219SHSOLE1,219 0 0
MEDTRONIC HLDG PLCSHSG5960L1035,700,42264,704SHSOLE64,704 0 0
SEAGATE TECHNOLOGY HOLDINGS PLORD SHSG7997R1034,991,17880,672SHSOLE80,672 0 0
CHUBB LIMITEDCOMH1467J104404,5672,101SHSOLE2,101 0 0