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:
09-30-2022
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]
11-14-2022
                           [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:
150
Form 13F Information table Value Total:
1005436
          (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 INCCOM00206R1024,744309,253SHSOLE309,253 0 0
ABBOTT LABORATORIESCOM0028241001,18812,280SHSOLE12,280 0 0
ABBVIE INCCOM00287Y1094,85536,174SHSOLE36,174 0 0
ACTIVISION BLIZZARD INCCOM00507V1092,31831,178SHSOLE31,178 0 0
ADOBE SYSTEMS INCCOM00724F1013141,140SHSOLE1,140 0 0
ADVANCE AUTO PARTS INCCOM00751Y1062,82918,092SHSOLE18,092 0 0
ADVANCED MIRCO DEVICES INCCOM0079031072644,160SHSOLE4,160 0 0
ALERUS FINANCIAL CORPCOM01446U1032,576116,568SHSOLE116,568 0 0
ALERUS FINANCIAL CORPCOM01446U10347,5762,152,787SHOTR 0 0 2,152,787
ALIGN TECHNOLOGY INCCOM0162551014,62422,326SHSOLE22,326 0 0
ALPHABET INCCOM02079K30510,340108,108SHSOLE108,108 0 0
AMAZON.COM INCCOM02313510621,910193,887SHSOLE193,887 0 0
AMERICAN EXPRESS COCOM0258161098,34561,858SHSOLE61,858 0 0
AMERICAN TOWER CORPCOM03027X1006312,937SHSOLE2,937 0 0
ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR03524A1088,707192,794SHSOLE192,794 0 0
ELEVANCE HEALTH INCCOM0367521033,5097,724SHSOLE7,724 0 0
APPLE COMPUTERCOM03783310025,022181,053SHSOLE181,053 0 0
BALL CORPORATIONCOM0584981065,001103,501SHSOLE103,501 0 0
BANK OF AMERICACOM06050510445114,934SHSOLE14,934 0 0
BERKSHIRE HATHAWAYCL A0846701084061SHSOLE1 0 0
BERKSHIRE HATHAWAYCL B NEW0846707025692,130SHSOLE2,130 0 0
BEST BUY INCCOM0865161015,46486,268SHSOLE86,268 0 0
BHP BILLITON LTDSPONSORED ADR0886061086,037120,651SHSOLE120,651 0 0
BLACKSTONE GROUP INCCOM CL A09260D1075,37264,181SHSOLE64,181 0 0
BROADCOM INCCOM11135F1016,85515,440SHSOLE15,440 0 0
BROADWIND INCCOM NEW11161T2074013,239SHSOLE13,239 0 0
CVS CORPCOM1266501005,06753,134SHSOLE53,134 0 0
CANADIAN PACIFIC RAILWAY LIMITEDCOM13645T1003,28849,278SHSOLE49,278 0 0
CARVANA COCL A1468691024,162205,022SHSOLE205,022 0 0
CELANESE CORPORATION DELCOM1508701032,21524,518SHSOLE24,518 0 0
CENTRAL GARDEN & PET COCL A & NON-VTG15352720539411,540SHSOLE11,540 0 0
CHENIERE ENERGY INCCOM NEW16411R2085,22731,508SHSOLE31,508 0 0
CHEVRON TEXACOCOM1667641003,58224,929SHSOLE24,929 0 0
CISCO SYSTEMSCOM17275R1023578,919SHSOLE8,919 0 0
COCA COLA COMPANYCOM1912161001,91534,189SHSOLE34,189 0 0
CONSTELLATION BRANDS INCCL A21036P1082471,077SHSOLE1,077 0 0
COSTCO WHSL CORPCOM22160K1059,61720,363SHSOLE20,363 0 0
COUPA SOFTWARE INCCOM22266L1062,87248,837SHSOLE48,837 0 0
DANAHER CORPORATIONCOM2358511026,20924,040SHSOLE24,040 0 0
DEERE & COCOM2441991054,82014,437SHSOLE14,437 0 0
DIMENSIONAL ETF TRUSTWORLD EX US CORE25434V88073,0213,865,599SHSOLE3,865,599 0 0
DOLLAR GEN CORP NEWCOM2566771055862,444SHSOLE2,444 0 0
DUKE ENERGY CORP NEWCOM NEW26441C2045,51859,318SHSOLE59,318 0 0
ECOLAB INCCOM2788651007705,336SHSOLE5,336 0 0
ELECTRONIC ARTS INC DELCOM2855121096,35454,913SHSOLE54,913 0 0
EMERSON ELECTIC COCOM2910111042,84938,915SHSOLE38,915 0 0
EXPEDIA GROUP INCCOM NEW30212P3039,30599,320SHSOLE99,320 0 0
EXXON MOBIL CORP COMCOM30231G1024,48051,311SHSOLE51,311 0 0
META PLATFORMS INCCL A30303M1029697,141SHSOLE7,141 0 0
FIRST TRUST MORNINGSTAR DIVID LSHS3369171092257,000SHSOLE7,000 0 0
FORTIVE CORPCOM34959J1082003,440SHSOLE3,440 0 0
FREEPORT-MCMORAN COPPER & GOLDCL B35671D8571,29247,290SHSOLE47,290 0 0
HOME DEPOT INCCOM4370761021,8766,800SHSOLE6,800 0 0
HUBSPOT INCCOM4435731002,6139,672SHSOLE9,672 0 0
ILLUMINA INCCOM4523271093,07716,126SHSOLE16,126 0 0
INTEL INCCOM4581401004,686181,845SHSOLE181,845 0 0
GLUCOTRACK INCCOM45824Q5072311,500SHSOLE11,500 0 0
INTERCONTINENTAL EXCHANCOM45866F1043,74641,459SHSOLE41,459 0 0
IBMCOM4592001015,99650,466SHSOLE50,466 0 0
INTUITIVE SURGICAL INCCOM NEW46120E6023,13316,714SHSOLE16,714 0 0
IQVIA HOLDINGS INCCOM46266C1054,24423,426SHSOLE23,426 0 0
ISHARES TRUSTDJ SEL DIV INX4642871686385,954SHSOLE5,954 0 0
ISHARES TRUSTCORE S&P500 ETF4642872001,7174,788SHSOLE4,788 0 0
ISHARES TRUSTCORE TOTUSBD ETF46428722663,981664,118SHSOLE664,118 0 0
ISHARES TRUSTMSCI EMG MKT ETF4642872342547,290SHSOLE7,290 0 0
ISHARES S&P 500 GROWTHETF4642873091,30122,481SHSOLE22,481 0 0
ISHARES TRUST20 YR TR BD ETF4642874324,39442,894SHSOLE42,894 0 0
ISHARES RUSSELL MIDCAPX FDETF46428749918,041290,275SHSOLE290,275 0 0
ISHARES TRUSTCORE S&P MCP ETF4642875075832,657SHSOLE2,657 0 0
ISHARES TRUSTS&P MC 400GR ETF4642876064286,784SHSOLE6,784 0 0
ISHARES TRUSTRUSSELL 20004642876557124,317SHSOLE4,317 0 0
ISHARES TRUSTUS REAL EST ETF4642877395,42966,683SHSOLE66,683 0 0
ISHARES TRUSTCORE S&P SCP ETF4642878044405,048SHSOLE5,048 0 0
ISHARES TRUSTEAFE VALUE ETF46428887740110,408SHSOLE10,408 0 0
ISHARES TRUSTEAFE GRWTH ETF4642888855127,060SHSOLE7,060 0 0
ISHARES TRUSTCORE MSCI TOTAL46432F83452,8851,038,588SHSOLE1,038,588 0 0
JP MORGAN CHASE & COCOM46625H1006,61663,317SHSOLE63,317 0 0
JOHNSON AND JOHNSONCOM4781601041,4408,816SHSOLE8,816 0 0
LAUDER ESTEE COS INCCL A5184391043,07814,258SHSOLE14,258 0 0
LILLY ELI & COCOM5324571086,51420,144SHSOLE20,144 0 0
LOCKHEED MARTIN CORPCOM5398301095,59914,496SHSOLE14,496 0 0
MARSH & MCLENNAN COS INCCOM5717481024,57630,651SHSOLE30,651 0 0
MASTERCARD INCORPORATEDCOM57636Q1044,83016,987SHSOLE16,987 0 0
MERCK & CO INCCOM58933Y1056,78378,757SHSOLE78,757 0 0
METLIFE INCCOM59156R1085,59392,017SHSOLE92,017 0 0
MICROSOFT INCCOM59491810420,55088,234SHSOLE88,234 0 0
MOLINA HEALTHCARE INCCOM60855R100304922SHSOLE922 0 0
MORGAN STANLEYCOM NEW6174464483464,380SHSOLE4,380 0 0
NETFLIX INCCOM64110L1063531,498SHSOLE1,498 0 0
NEWELL BRANDS INCCOM6512291064,537326,618SHSOLE326,618 0 0
NORFOLK SOUTHERN CORPCOM6558441084131,970SHSOLE1,970 0 0
NORTHRUP GRUMMAN CORPCOM6668071026,36213,526SHSOLE13,526 0 0
NIVIDIA CORPCOM67066G1045,14442,377SHSOLE42,377 0 0
OKTA INCORPORATIONCL A6792951058,386147,452SHSOLE147,452 0 0
OLD DOMINION FREIGHT LINE INCCOM6795801003,12912,578SHSOLE12,578 0 0
OMNICOM GROUP INCCOM6819191065,02279,607SHSOLE79,607 0 0
OTTER TAIL CORPCOM6896481032453,987SHSOLE3,987 0 0
OXFORD SQUARE CAP CORPCOM69181V1073010,000SHSOLE10,000 0 0
PEPSICO INCCOM7134481082181,333SHSOLE1,333 0 0
PFIZER INCCOM7170811031,12825,782SHSOLE25,782 0 0
PHILIP MORRISCOM7181721093013,622SHSOLE3,622 0 0
PROCTER AND GAMBLE COMPCOM7427181093923,105SHSOLE3,105 0 0
PROLOGIS INCCOM74340W1031,89518,652SHSOLE18,652 0 0
PRUDENTIAL FINANCIAL INCOM7443201025,27261,457SHSOLE61,457 0 0
PUBLIC STORAGE INCCOM74460D1092,2327,623SHSOLE7,623 0 0
QUALCOMM INCCOM7475251033563,147SHSOLE3,147 0 0
RESTURANT BRANDS INTERNATIONAL INCCOM76131D1035,374101,054SHSOLE101,054 0 0
RIO TINTO PLCSPONSORED ADR7672041006,705121,777SHSOLE121,777 0 0
SPDR S &P 500 ETF TRTR UNIT78462F1039762,733SHSOLE2,733 0 0
SPDR GOLD TRUSTGOLD SHS78463V10711,24572,704SHSOLE72,704 0 0
SPDR SER TRS&P BIOTECH78464A8705,56670,171SHSOLE70,171 0 0
SELECT SECTOR SPDR ETFSBI HEALTHCARE81369Y2099,28676,675SHSOLE76,675 0 0
SELECT SECTOR SPDR ETFSBI CONS DISCR81369Y4074162,922SHSOLE2,922 0 0
SELECT SECTOR SPDR ETFENERGY81369Y50614,827205,867SHSOLE205,867 0 0
SELECT SECTOR SPDR ETFFINANCIAL81369Y60512,659416,958SHSOLE416,958 0 0
SELECT SECTOR SPDR ETFSBI INT-INDS81369Y7048,772105,891SHSOLE105,891 0 0
SELECT SECTOR SPDR ETFTECHNOLOGY81369Y80329,848251,291SHSOLE251,291 0 0
SELECT SECTOR SPDR ETFSBI INT-UTILS81369Y88613,166200,975SHSOLE200,975 0 0
SELECTA BIOSCIENCES, INCCOM8162121044930,000SHSOLE30,000 0 0
SHOPIFY INCCL A82509L1073,569132,466SHSOLE132,466 0 0
SNAP INCCL A83304A10611,4091,161,822SHSOLE1,161,822 0 0
SNOWFLAKE INCCL A8334451098,43449,625SHSOLE49,625 0 0
SOUTHERN COMPANYCOM8425871075,93587,284SHSOLE87,284 0 0
SYSCO CORPORATIONCOM8718291072293,241SHSOLE3,241 0 0
TAKE-2 INTERACTIVE SOFTWARCOM8740541098,51178,081SHSOLE78,081 0 0
TARGET CORPCOM87612E1063,71825,053SHSOLE25,053 0 0
TESLA INCCOM88160R1019,31335,109SHSOLE35,109 0 0
TEXAS INSTRUMENTS INCCOM8825081045393,480SHSOLE3,480 0 0
THERMO FISHER SCIENTIFICCOM8835561025,36710,581SHSOLE10,581 0 0
US BANCORP DELCOM NEW9029733046,170153,022SHSOLE153,022 0 0
UNILEVER PLC ADRSPON ADR NEW9047677044,960113,145SHSOLE113,145 0 0
UNITEDHEALTH GROUP INCCOM91324P1028,22116,278SHSOLE16,278 0 0
V F CORP COMCOM9182041084,228141,355SHSOLE141,355 0 0
VANGUARD BD INDEX FD INCTOTAL BND MRKT9219378352894,051SHSOLE4,051 0 0
VANGUARD SCOTTSDALE FDSSHORT TERM TREAS92206C81328,277386,091SHSOLE386,091 0 0
VANGUARD INDEX FDSS&P 500 EFT SH92290836398,242299,244SHSOLE299,244 0 0
VANGUARD INDEX FDSLARGE CAP ETF9229086379335,705SHSOLE5,705 0 0
VERIZON COMMUNICATIONCOM92343V1043,798100,039SHSOLE100,039 0 0
VISA INCCOM CL A92826C8399,15351,523SHSOLE51,523 0 0
WELLS FARGO & CO NEW COCOM9497461012516,242SHSOLE6,242 0 0
WESTERN DIGITAL CORPORATION DELCOM9581021053,04193,419SHSOLE93,419 0 0
WRAP TECHNOLOGIES INCCOM98212N10716797,760SHSOLE97,760 0 0
ZOETIS INCCLASS A98978V1034122,780SHSOLE2,780 0 0
ATLASSIAN CORP PLCCL AG062421043,03814,427SHSOLE14,427 0 0
ACCENTURE PLC IRELANDSHS CLASS AG1151C1011,7826,928SHSOLE6,928 0 0
BUNGE LIMITEDCOMG169621055,05461,213SHSOLE61,213 0 0
EATON CORP PLCSHSG291831037,55456,641SHSOLE56,641 0 0
LINDE PLCCOMG5494J1033451,279SHSOLE1,279 0 0
MEDTRONIC HLDG PLCSHSG5960L1035,23264,798SHSOLE64,798 0 0
SEAGATE TECHNOLOGY HOLDINGS PLORD SHSG7997R1033,19259,974SHSOLE59,974 0 0
CHUBB LIMITEDCOMH1467J1046,94238,166SHSOLE38,166 0 0