Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	233,734	$69.14M	7.9%	—	—	S&P 500 EFT SH	922908363
AGG	ISHARES TRUST	586,389	$65.89M	7.5%	—	—	CORE TOTUSBD ETF	464287226
MSFT	MICROSOFT INC	320,017	$50.47M	5.7%	—	—	COM	594918104
ALRS	ALERUS FINANCIAL CORP	1,996,492	$45.62M	5.2%	—	—	COM	01446U103
IWM	ISHARES TRUST	245,418	$40.66M	4.6%	—	—	RUSSELL 2000	464287655
SPY	SPDR S &P 500 ETF TR	89,463	$28.8M	3.3%	—	—	TR UNIT	78462F103
AAPL	APPLE COMPUTER	97,049	$28.5M	3.2%	—	—	COM	037833100
IEF	ISHARES TRUST	192,791	$21.25M	2.4%	—	—	7-10 Y TR BD ETF	464287440
JPM	JP MORGAN CHASE & CO	130,568	$18.2M	2.1%	—	—	COM	46625H100
IWR	ISHARES RUSSELL MIDCAP	235,698	$14.05M	1.6%	—	—	X FDETF	464287499
GOOGL	ALPHABET INC	9,499	$12.72M	1.4%	—	—	COM	02079K305
V	VISA INC	64,988	$12.21M	1.4%	—	—	COM CL A	92826C839
BRK/B	BERKSHIRE HATHAWAY	53,326	$12.08M	1.4%	—	—	CL B NEW	084670702
AMZN	AMAZON .COM INC	6,007	$11.1M	1.3%	—	—	COM	023135106
IWN	ISHARES TRUST	82,739	$10.64M	1.2%	—	—	RUS 2000 VAL ETF	464287630
META	FACEBOOK INC	51,685	$10.61M	1.2%	—	—	COM	30303M102
GLD	SPDR GOLD TRUST	72,520	$10.36M	1.2%	—	—	GOLD SHS	78463V107
MRK	MERCK & CO INC	110,641	$10.06M	1.1%	—	—	COM	58933Y105
XLK	SELECT SECTOR SPDR TR	106,635	$9.775M	1.1%	—	—	TECHNOLOGY	81369Y803
JNJ	JOHNSON AND JOHNSON	63,447	$9.255M	1.1%	—	—	COM	478160104
BAC	BANK OF AMERICA	250,690	$8.829M	1.0%	—	—	COM	060505104
TGT	TARGET CORP	63,687	$8.165M	0.9%	—	—	COM	87612E106
PM	PHILIP MORRIS	95,150	$8.096M	0.9%	—	—	COM	718172109
XLI	SELECT SECTOR SPDR TR	97,398	$7.935M	0.9%	—	—	SBI INT-INDS	81369Y704
VONE	VANGUARD SCOTTSDALE FDS	52,288	$7.711M	0.9%	—	—	VNG RUS1000IDX	92206C730
UNH	UNITEDHEALTH GROUP INC	26,095	$7.671M	0.9%	—	—	COM	91324P102
PFE	PFIZER INC	194,623	$7.625M	0.9%	—	—	COM	717081103
MDT	MEDTRONIC HLDG PLC	64,880	$7.361M	0.8%	—	—	SHS	G5960L103
XLV	SELECT SECTOR SPDR TR	71,303	$7.263M	0.8%	—	—	SBI HEALTHCARE	81369Y209
EMR	EMERSON ELECTIC CO	93,908	$7.161M	0.8%	—	—	COM	291011104
HON	HONEYWELL INTL INC	39,553	$7.001M	0.8%	—	—	COM	438516106
CVX	CHEVRON TEXACO	56,148	$6.766M	0.8%	—	—	COM	166764100
VZ	VERIZON COMMUNICATION	106,717	$6.552M	0.7%	—	—	COM	92343V104
ICE	INTERCONTINENTAL EXCHAN	70,552	$6.53M	0.7%	—	—	COM	45866F104
DUK	DUKE ENERGY CORP NEW	70,569	$6.437M	0.7%	—	—	COM NEW	26441C204
LOW	LOWES COMPANIES INC	52,135	$6.244M	0.7%	—	—	COM	548661107
AXP	AMERICAN EXPRESS CO	49,307	$6.138M	0.7%	—	—	COM	025816109
T	AT&T INC	156,563	$6.119M	0.7%	—	—	COM	00206R102
CMCSA	COMCAST CORP	135,826	$6.108M	0.7%	—	—	COM	20030N101
DHR	DANAHER CORPORATION	38,858	$5.964M	0.7%	—	—	COM	235851102
BDX	BECTON DICKINSON & COMP	21,579	$5.869M	0.7%	—	—	COM	075887109
ACN	ACCENTURE PLC IRELAND	26,584	$5.598M	0.6%	—	—	SHS CLASS A	G1151C101
XLP	SELECT SECTOR SPDR TR	88,317	$5.562M	0.6%	—	—	SBI CONS STPLS	81369Y308
AMT	AMERICAN TOWER CORP	23,501	$5.401M	0.6%	—	—	COM	03027X100
SO	SOUTHERN COMPANY	84,666	$5.393M	0.6%	—	—	COM	842587107
TXN	TEXAS INSTRUMENTS INC	41,189	$5.284M	0.6%	—	—	COM	882508104
AVGO	BROADCOM INC	16,630	$5.255M	0.6%	—	—	COM	11135F101
INTC	INTEL INC	86,157	$5.157M	0.6%	—	—	COM	458140100
LMT	LOCKHEED MARTIN CORP	12,963	$5.048M	0.6%	—	—	COM	539830109
IBM	IBM	37,433	$5.017M	0.6%	—	—	COM	459200101
ETN	EATON CORP PLC	52,076	$4.933M	0.6%	—	—	SHS	G29183103
NSC	NORFOLK SOUTHERN CORP	25,189	$4.89M	0.6%	—	—	COM	655844108
WFC	WELLS FARGO & CO NEW CO	90,809	$4.886M	0.6%	—	—	K COM	949746101
ADBE	ADOBE SYSTEMS INC	14,725	$4.856M	0.6%	—	—	COM	00724F101
ABT	ABBOTT LABORATORIES	55,719	$4.84M	0.6%	—	—	COM	002824100
VNQ	VANGUARD INDEX FDS	51,725	$4.8M	0.5%	—	—	REIT ETF	922908553
MDLZ	MONDELEZ INTL INC	84,861	$4.674M	0.5%	—	—	CL A	609207105
PG	PROCTER AND GAMBLE COMP	37,176	$4.643M	0.5%	—	—	COM	742718109
MCD	MCDONALDS CORP	23,452	$4.634M	0.5%	—	—	COM	580135101
TLT	ISHARES TRUST	31,838	$4.313M	0.5%	—	—	20 YR TR BD ETF	464287432
—	RAYTHEON CO	19,319	$4.245M	0.5%	—	—	COM	755111507
CRM	SALESFORCE.COM INC	24,954	$4.059M	0.5%	—	—	COM	79466L302
MAR	MARRIOTT INTERNATIONAL INC	26,434	$4.003M	0.5%	—	—	COM	571903202
ROST	ROSS STORES INC	34,262	$3.989M	0.5%	—	—	COM	778296103
TMO	THERMO FISHER SCIENTIFIC	12,173	$3.955M	0.5%	—	—	COM	883556102
XLU	SELECT SECTOR SPDR TR	60,299	$3.897M	0.4%	—	—	SBI INT-UTILS	81369Y886
—	ACTIVISION BLIZZARD INC	64,506	$3.833M	0.4%	—	—	COM	00507V109
PRU	PRUDENTIAL FINANCIAL IN	40,791	$3.824M	0.4%	—	—	COM	744320102
LVS	LAS VEGAS SANDS CORP	53,761	$3.712M	0.4%	—	—	COM	517834107
—	LINDE PLC	17,162	$3.654M	0.4%	—	—	COM	G5494J103
CSCO	CISCO SYSTEMS	72,141	$3.46M	0.4%	—	—	COM	17275R102
NVDA	NIVIDIA CORP	14,057	$3.308M	0.4%	—	—	COM	67066G104
CL	COLGATE-PALMOLIVE	45,649	$3.142M	0.4%	—	—	COM	194162103
HD	HOME DEPOT INC	13,773	$3.008M	0.3%	—	—	COM	437076102
XLF	SELECT SECTOR SPDR TR	97,415	$2.998M	0.3%	—	—	SBI INT-FINL	81369Y605
—	TOTAL S A	52,887	$2.925M	0.3%	—	—	SPONSORED ADR	89151E109
NKE	NIKE INC	28,471	$2.884M	0.3%	—	—	COM	654106103
AEP	AMERICAN ELECTRIC POWER	30,360	$2.869M	0.3%	—	—	COM	025537101
ECL	ECOLAB INC	14,724	$2.842M	0.3%	—	—	COM	278865100
XLY	SELECT SECTOR SPDR TR	21,872	$2.743M	0.3%	—	—	SBI CONS DISCR	81369Y407
—	GLAXOSMITHKLINE PLC	58,196	$2.735M	0.3%	—	—	SPONSORED ADR	37733W105
EL	LAUDER ESTEE COS INC	12,718	$2.627M	0.3%	—	—	CL A	518439104
MET	METLIFE INC	50,325	$2.565M	0.3%	—	—	COM	59156R108
DIS	DISNEY	17,274	$2.498M	0.3%	—	—	COM	254687106
CVS	CVS CORP	32,315	$2.401M	0.3%	—	—	COM	126650100
CAG	CONAGRA FOOD INC	67,788	$2.321M	0.3%	—	—	COM	205887102
FTV	FORTIVE CORP	30,102	$2.299M	0.3%	—	—	COM	34959J108
BSX	BOSTON SCIENTIFIC	49,106	$2.221M	0.3%	—	—	COM	101137107
NFLX	NETFLIX INC	6,591	$2.133M	0.2%	—	—	COM	64110L106
EA	ELECTRONIC ARTS INC DEL	19,822	$2.131M	0.2%	—	—	COM	285512109
XOM	EXXON MOBIL CORP	29,897	$2.086M	0.2%	—	—	COM	30231G102
TTWO	TAKE-2 INTERACTIVE SOFTWAR	16,815	$2.059M	0.2%	—	—	COM	874054109
MCHP	MICROCHIP TECHNOLOGY INC	19,599	$2.052M	0.2%	—	—	COM	595017104
KHC	KRAFT HEINZ CO	61,326	$1.97M	0.2%	—	—	COM	500754106
DG	DOLLAR GEN CORP NEW	12,229	$1.908M	0.2%	—	—	COM	256677105
BALL	BALL CORPORATION	28,429	$1.838M	0.2%	—	—	COM	058498106
TJX	TJX COMPANIES	28,191	$1.721M	0.2%	—	—	COM	872540109
SBAC	SBA COMMUNICATIONS	6,815	$1.642M	0.2%	—	—	CL A	78410G104
XLB	SELECT SECTOR SPDR TR	26,428	$1.623M	0.2%	—	—	SBI MATERIALS	81369Y100
IYR	ISHARES TRUST	17,359	$1.616M	0.2%	—	—	US REAL ES ETF	464287739
—	ROYAL DUTCH SHELL PLC	25,389	$1.497M	0.2%	—	—	SPONSORED ADR	780259206
—	UNITED TECHNOLOGIES CORP	9,509	$1.424M	0.2%	—	—	COM	913017109
IEO	ISHARES TRUST	20,847	$1.158M	0.1%	—	—	US OIL GS EX ETF	464288851
IVW	ISHARES S&P 500 GROWTH	5,969	$1.156M	0.1%	—	—	ETF	464287309
SPB	SPECTRUM BRANDS HOLDINGS	16,615	$1.068M	0.1%	—	—	COM	84790A105
XEL	XCEL ENERGY INC	16,425	$1.043M	0.1%	—	—	COM	98389B100
VO	VANGUARD INDEX FDS	5,743	$1.023M	0.1%	—	—	MID CAP ETF	922908629
XBI	SPDR SERIES TRUST	9,884	$940K	0.1%	—	—	S&P BIOTECH	78464A870
DVY	ISHARES TRUST	8,458	$894K	0.1%	—	—	DJ SEL DIV INX	464287168
ISRG	INTUITIVE SURGICAL INC	1,490	$881K	0.1%	—	—	COM NEW	46120E602
ADSK	AUTODESK INC	4,745	$871K	0.1%	—	—	COM	052769106
ELV	ANTHEM INC	2,823	$853K	0.1%	—	—	COM	036752103
VV	VANGUARD INDEX FDS	5,705	$843K	0.1%	—	—	LARGE CAP ETF	922908637
IQV	IQVIA HOLDINGS INC	5,366	$829K	0.1%	—	—	COM	46266C105
C	CITIGROUP INC	9,461	$756K	0.1%	—	—	COM	172967424
RY	ROYAL BANK CANADA	9,453	$749K	0.1%	—	—	COM	780087102
IVV	ISHARES TRUST	2,296	$742K	0.1%	—	—	CORE S&P500 ETF	464287200
NEE	NEXTERA ENERGY INC	2,970	$719K	0.1%	—	—	COM	65339F101
IBB	ISHARES TRUST	5,698	$687K	0.1%	—	—	NASDQ BIO INDX	464287556
PEP	PEPSICO INC	4,870	$666K	0.1%	—	—	COM	713448108
—	BLACKROCK INC	1,310	$659K	0.1%	—	—	COM	09247X101
XLC	SELECT SECTOR SPDR TR	11,941	$640K	0.1%	—	—	COMMUNICATION	81369Y852
EFG	ISHARES TRUST	7,060	$610K	0.1%	—	—	EAFE GRWTH ETF	464288885
KO	COCA COLA COMPANY	10,954	$606K	0.1%	—	—	COM	191216100
BA	BOEING COMPANY	1,786	$582K	0.1%	—	—	COM	097023105
IJH	ISHARES TRUST	2,657	$547K	0.1%	—	—	CORE S&P MCP ETF	464287507
IJR	ISHARES TRUST	6,404	$537K	0.1%	—	—	CORE S&P SCP ETF	464287804
EFV	ISHARES TRUST	10,408	$520K	0.1%	—	—	EAFE VALUE ETF	464288877
USB	US BANCORP DEL	8,531	$506K	0.1%	—	—	COM NEW	902973304
ZBH	ZIMMER HOLDINGS INC	3,166	$474K	0.1%	—	—	COM	98956P102
ORCL	ORACLE CORPORATION	8,576	$454K	0.1%	—	—	COM	68389X105
CTSH	COGNIZANT TECH SOLUTION	7,037	$436K	0.0%	—	—	COM	192446102
IJK	ISHARES TRUST	1,696	$404K	0.0%	—	—	S&P MC 400GR ETF	464287606
BND	VANGUARD BD INDEX FD INC	4,789	$402K	0.0%	—	—	TOTAL BND MRKT	921937835
CF	CF INDUSTRIES HOLDINGS	7,875	$376K	0.0%	—	—	COM	125269100
BKNG	BOOKING HLDGS INC	166	$341K	0.0%	—	—	COM	09857L108
BRK/A	BERKSHIRE HATHAWAY	1	$340K	0.0%	—	—	CL A	084670108
EEM	ISHARES TRUST	7,290	$327K	0.0%	—	—	MSCI EMG MKT ETF	464287234
POWA	INVESCO EXCH TRD SLF IDX FD	5,786	$322K	0.0%	—	—	DEFENSIVE EQTY	46138J775
SCHD	SCHWAB STRATEGIC TR	5,498	$318K	0.0%	—	—	US DIVIDEND EQ	808524797
ABBV	ABBVIE INC	3,557	$315K	0.0%	—	—	COM	00287Y109
—	ALLETE COM	3,550	$288K	0.0%	—	—	COM	018522300
QCOM	QUALCOMM INC	3,011	$266K	0.0%	—	—	COM	747525103
VYM	VANGUARD HIGH DIVIDEND	2,803	$263K	0.0%	—	—	D ETF	921946406
MKC	MCCORMICK & CO	1,498	$254K	0.0%	—	—	COM	579780206
CME	CME GROUP	1,230	$247K	0.0%	—	—	COM	12572Q105
PYPL	PAYPAL HLDGS INC	2,283	$247K	0.0%	—	—	COM	70450Y103
XHB	SPDR SERIES TRUST	5,335	$243K	0.0%	—	—	S&P HOMEBUILD	78464A888
RSPH	INVESCO EXCHANGE TRADED FD T	1,095	$243K	0.0%	—	—	S&P500 EQL HLT	46137V332
IJJ	ISHARES TRUST	1,292	$221K	0.0%	—	—	S&P MC 400VL ETF	464287705
CHE	CHEMED CORP	500	$220K	0.0%	—	—	COM	16359R103
COST	COSTCO WHSL CORP	728	$214K	0.0%	—	—	COM	22160K105
OTTR	OTTERTAIL CORP	4,117	$211K	0.0%	—	—	COM	689648103
—	GENERAL ELECTRIC COMPAN	18,700	$209K	0.0%	—	—	COM	369604103
IVE	ISHARES TRUST	1,561	$203K	0.0%	—	—	S & P 500 VAL ETF	464287408
—	BBX CAP CORP NEW	10,000	$48,000	0.0%	—	—	CL A	05491N104