ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

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

Increased Positions (59)

M3F, Inc.
Value ($000) $9 (+59.4%) Shares 411,163 (+56.7%)
Phocas Financial Corp.
Value ($000) $7,530 (+105.7%) Shares 334,357 (+102.2%)
Black Maple Capital Management LP
Value ($000) $553 (+128.2%) Shares 24,576 (+124.4%)
Lafayette Investments, Inc.
Value ($000) $493 (+10.8%) Shares 21,900 (+9.0%)
GOLDMAN SACHS GROUP INC
Value ($000) $6,712 (+39.4%) Shares 298,060 (+37.1%)
AMERICAN CENTURY COMPANIES INC
Value ($000) $4,111 (+47.9%) Shares 182,533 (+45.4%)
RENAISSANCE TECHNOLOGIES LLC
Value ($000) $2,680 (+35.9%) Shares 119,012 (+33.6%)
Qube Research & Technologies Ltd
Value ($000) $3,166 (+29.8%) Shares 140,579 (+27.6%)
BRIDGEWAY CAPITAL MANAGEMENT, LLC
Value ($000) $359 (+66.3%) Shares 15,940 (+63.5%)
MARSHALL WACE, LLP
Value ($000) $1,963 (+51.1%) Shares 87,178 (+48.5%)
TWO SIGMA INVESTMENTS, LP
Value ($000) $2,655 (+27.1%) Shares 117,914 (+25.0%)
NEW YORK STATE COMMON RETIREMENT FUND
Value ($000) $1,176 (+83.3%) Shares 52,214 (+80.2%)
DIMENSIONAL FUND ADVISORS LP
Value ($000) $18,692 (+6.0%) Shares 830,052 (+4.2%)
Quantinno Capital Management LP
Value ($000) $1,295 (+48.5%) Shares 57,498 (+46.0%)
MARTINGALE ASSET MANAGEMENT L P
Value ($000) $1,818 (+7.0%) Shares 80,750 (+5.2%)
GEODE CAPITAL MANAGEMENT, LLC
Value ($000) $13,591 (+5.8%) Shares 603,392 (+4.0%)
WELLINGTON MANAGEMENT GROUP LLP
Value ($000) $5,529 (+10.5%) Shares 245,497 (+8.6%)
VANGUARD GROUP INC
Value ($000) $29,044 (+3.4%) Shares 1,289,690 (+1.6%)
Man Group plc
Value ($000) $1,444 (+27.8%) Shares 64,111 (+25.6%)
CSM Advisors, LLC
Value ($000) $5 (+11.4%) Shares 201,940 (+9.5%)

Decreased Positions (27)