Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Alerus Finl Corp (ALRS)

145 + Investors. Track Smart Money conviction in ALRS. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
11Q ▲
Buyers last Q
55%

Smart Money Signals — ALRS

Based on 146 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added ALRS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
146 hedge funds hold ALRS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +29% more funds vs a year ago

fund count last 6Q
+33 new funds entered over the past year (+29% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 55% buying

69 buying57 selling
Last quarter: 69 funds bought or added vs 57 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~18 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 25 → 18 → 18 → 18. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 29% medium ■ 26% new
65 out of 146 hedge funds have held ALRS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

17 → 25 → 18 → 18 → 18 new funds/Q
New funds entering each quarter: 25 → 18 → 18 → 18. ALRS is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 49% of holders stayed 2+ years

■ 49% veterans ■ 18% 1-2yr ■ 34% new
Of 146 current holders: 71 (49%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
36 of 146 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ALRS

In 2026 Q1, 69 hedge funds were net buyers of ALRS (18 opened a new position, 51 added to an existing one), while 57 reduced or exited (43 trimmed, 14 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 34% of total institutional value in ALRS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 146.

Hedge Fund Ownership: ALRS

How many hedge funds hold ALRS — quarterly history vs. share price
Quarterly hedge fund ownership of ALRS vs. share price

Market Analysis: ALRS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ALRS

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Alerus Finl Corp (ALRS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ALRS has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 76d ago
ALRS
+26.1%
XLF
+8.5%

ALRS outperformed XLF by +17.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
ALRS
+12.7%
XLF
+4.8%

Since the filing became public, ALRS outperformed XLF by +7.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 1 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: ALRS
145 + Investors

Track Smart Money conviction in ALRS. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 145 142 2.11%
13F Shares 16M 15M 2.56%
Total Value $354M $346M 2.4%
New Positions 17 18 -1
Increased Positions 51 70 -19
Closed Positions 14 9 +5
Reduced Positions 43 31 +12
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ALRS

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Institutional Holders (2026 Q1)

145 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ALRS. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ALRS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Endeavour Capital Advisors Inc 3.02% 562,229 $13.3M
2 Alerus Financial NA 2.63% 2,241,741 $53.2M
3 Sippican Capital Advisors 1.84% 113,141 $2.7M
4 Stieven Capital Advisors, L.P. 1.72% 338,924 $8.0M
5 Banc Funds Co LLC 1.54% 349,165 $8.3M
6 Fortress Financial Group, LLC 1.16% 66,316 $1.6M
7 Phocas Financial Corp. 0.97% 260,896 $6.2M
8 Grace & White Inc /Ny 0.96% 228,108 $5.4M
9 Cutler Capital Management, LLC 0.87% 136,470 $3.2M
10 Wealth Forward, LLC 0.67% 50,279 $1.2M
11 Pinnacle Holdings, LLC 0.38% 48,999 $1.2M
12 Gator Capital Management, LLC 0.33% 67,960 $1.6M
13 Johnson Wealth Management, LLC 0.32% 28,186 $668K
14 Black Maple Capital Management LP 0.26% 19,757 $468K
15 Lafayette Investments, Inc. 0.11% 21,900 $519K
16 Choreo, LLC 0.09% 293,681 $7.0M
17 Carret Asset Management, LLC 0.09% 37,000 $877K
18 Gendell Jeffrey L 0.08% 233,700 $5.5M
19 Basswood Capital Management, L.L.C. 0.07% 60,240 $1.4M
20 Horrell Capital Management, Inc. 0.05% 4,440 $105K
21 Bridgeway Capital Management, LLC 0.04% 92,029 $2.2M
22 Inspire Investing, LLC 0.04% 21,677 $514K
23 Aviance Capital Partners, LLC 0.04% 13,111 $311K
24 CenterBook Partners LP 0.04% 28,099 $666K
25 Harbor Advisors LLC 0.03% 9,867 $234K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Alerus Finl Corp (ALRS)

What does the Smart Money Trend signal show for ALRS?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added ALRS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ALRS?

Slight buying edge — 55% buying: Last quarter: 69 funds bought or added vs 57 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ALRS holders?

Strong quality — 34% AUM from major funds: 36 of 146 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ALRS?

45% of holders stayed for 2+ years: 65 out of 146 hedge funds have held ALRS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Alerus Finl Corp (ALRS) following the 2026 Q1 hedge fund 13F filings?

As of today, ALRS has moved +12.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +7.9%. Since the quarter end (March 31, 2026), ALRS has gained +26.1% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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