ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

Connor, Clark & Lunn Investment Management Ltd.'s Holding History (CIK: 0001596800)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 14,730 Value ($000) $332 Avg Close $21.62 Range $20.12 - $23.60

Q3 2025

Shares 11,862 Value ($000) $263 Avg Close $21.76 Range $19.88 - $23.88

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	14,730	$332	$21.62	$20.12 - $23.60
Q3 2025	11,862	$263	$21.76	$19.88 - $23.88