0001541895-16-000005.txt : 20160210
0001541895-16-000005.hdr.sgml : 20160210
20160210091636
ACCESSION NUMBER: 0001541895-16-000005
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20151231
FILED AS OF DATE: 20160210
DATE AS OF CHANGE: 20160210
EFFECTIVENESS DATE: 20160210
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Alerus Investment Advisors Corp
CENTRAL INDEX KEY: 0001541895
IRS NUMBER: 421378382
STATE OF INCORPORATION: IA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-14784
FILM NUMBER: 161402448
BUSINESS ADDRESS:
STREET 1: 10900 WAYZATA BLVD.
STREET 2: SUITE 120
CITY: WAYZATA
STATE: MN
ZIP: 55305
BUSINESS PHONE: 952-417-3806
MAIL ADDRESS:
STREET 1: 10900 WAYZATA BLVD.
STREET 2: SUITE 120
CITY: WAYZATA
STATE: MN
ZIP: 55305
13F-HR
1
primary_doc.xml
13F-HR
LIVE
false
true
false
0001541895
XXXXXXXX
12-31-2015
12-31-2015
Alerus Investment Advisors Corp
10900 WAYZATA BLVD.
SUITE 120
WAYZATA
MN
55305
13F HOLDINGS REPORT
028-14784
N
Sunil Swami
President & Chief Investment Officer
952-417-3806
Sunil Swami
Minnetonka
MN
02-10-2016
0
176
599307
false
INFORMATION TABLE
2
alerus13f311215.xml
ABB LTD SPONSORED ADR
SHS
375204
24
1360
SH
SOLE
NONE
1360
0
0
ABBOTT LABORATORIES
COM
2824100
207
4592
SH
SOLE
NONE
4592
0
0
ABBIVE INC
COM
287Y109
693
11685
SH
SOLE
NONE
11685
0
0
ACCENTURE PLC IRELAND
SHS CLASS A
G1151C101
3569
34156
SH
SOLE
NONE
34156
0
0
ADAMS DIVERSIFIED EQUITY FUND INC COM
SHS
6212104
7
564
SH
SOLE
NONE
564
0
0
AEGON NV NON CUM PFD SUB NTS
NON CUM PFD
7924608
44
1600
SH
SOLE
NONE
1600
0
0
AFLAC INC SUB DEB
SUB DEB
1055300
57
2225
SH
SOLE
NONE
2225
0
0
ALCATEL LUCENT SPON ADR ISIN#US0139043055
SHS
13904305
0
19
SH
SOLE
NONE
19
0
0
ALLERGAN PLC COM SHS ISIN#IE00BY9D5467
SHS
G0177J108
4189
13404
SH
SOLE
NONE
13404
0
0
ALLSTATE COP
SHS
20002879
78
2805
SH
SOLE
NONE
2805
0
0
ALPHABET INC
COM
2079K305
11020
14165
SH
SOLE
NONE
14165
0
0
AMERICAN EXPRESS CO
COM
25816109
3182
45755
SH
SOLE
NONE
45755
0
0
APPLE COMPUTER
COM
37833100
14471
137476
SH
SOLE
NONE
137476
0
0
AT&T INC
COM
00206R102
4884
141935
SH
SOLE
NONE
141935
0
0
BB&T CORP
SHS
54937206
42
1600
SH
SOLE
NONE
1600
0
0
BECTON DICKINSON & COMPANY
COM
75887109
4523
35157
SH
SOLE
NONE
35157
0
0
BEMIS CO INC COM
COM
81437105
65
1461
SH
SOLE
NONE
1461
0
0
BERKSHIRE HATHAWAY
CALL B NEW
84670702
6371
48248
SH
SOLE
NONE
48248
0
0
BIO-KEY INTL INC COM NEW
COM
09060C200
0
1300
SH
SOLE
NONE
1300
0
0
BIRMINGHAM BLOOMFIELD BANCSHARES INC COM
COM
91112102
11
1250
SH
SOLE
NONE
1250
0
0
BLACKROCK INC
COM
09247X101
6763
32509
SH
SOLE
NONE
32509
0
0
BOEING
COM
97023105
4976
34414
SH
SOLE
NONE
34414
0
0
CARDINAL HEALTH INC
COM
14149Y108
3500
39203
SH
SOLE
NONE
39203
0
0
CBRE CLARION GLOBAL REAL ESTATE INCOME FD COM
COM
12504G100
0
6
SH
SOLE
NONE
6
0
0
CELGENE CORP
COM
151020104
3409
28464
SH
SOLE
NONE
28464
0
0
CHEVRON TEXACO
COM
166764100
2767
30753
SH
SOLE
NONE
30753
0
0
CISCO SYSTEMS
COM
17275R102
4734
174361
SH
SOLE
NONE
174361
0
0
CITIGROUP INC
COM
172967424
3699
71467
SH
SOLE
NONE
71467
0
0
CME GROUP
COM
12572Q105
2425
26770
SH
SOLE
NONE
26770
0
0
COCA COLA COMPANY
COM
191216100
4202
97793
SH
SOLE
NONE
97793
0
0
COGNIZANT TECH SOLUTIONS
COM
192446102
5905
98372
SH
SOLE
NONE
98372
0
0
COLGATE-PALMOLIVE COMP
COM
194162103
286
4300
SH
SOLE
NONE
4300
0
0
COMCAST CORP
COM
20030N101
6298
111605
SH
SOLE
NONE
111605
0
0
CONSOLIDATED EDISON INC
COM
209115104
1553
24152
SH
SOLE
NONE
24152
0
0
CVS CORP
COM
126650100
5159
52770
SH
SOLE
NONE
52770
0
0
DANAHER CORPORATION
COM
235851102
3463
37273
SH
SOLE
NONE
37273
0
0
DBX ETF TR
EX US HDG
233051820
345
14900
SH
SOLE
NONE
14900
0
0
DICK'S SPORTING GOODS
COM
253393102
2606
73691
SH
SOLE
NONE
73691
0
0
DISNEY
COM
254687106
4167
39946
SH
SOLE
NONE
39946
0
0
DUKE ENERGY CORPORATION
COM
26441C204
1123
15734
SH
SOLE
NONE
15734
0
0
DUPONT E I DENEMOURS
COM
263534109
376
5647
SH
SOLE
NONE
5647
0
0
EATON CORP PLC
SHS
G29183103
3847
73929
SH
SOLE
NONE
73929
0
0
ECOLAB INC
COM
278865100
755
6600
SH
SOLE
NONE
6600
0
0
EMC INC
COM
268648102
3634
141508
SH
SOLE
NONE
141508
0
0
EMERSON ELECTIC CO
COM
291011104
1347
28150
SH
SOLE
NONE
28150
0
0
EXPRESS SCRIPTS HLDG CO
COM
30219G108
4557
52142
SH
SOLE
NONE
52142
0
0
EXXON MOBIL CORP
COM
30231G102
5861
75200
SH
SOLE
NONE
75200
0
0
FACEBOOK INC
COM
30303M102
1768
16897
SH
SOLE
NONE
16897
0
0
F5 NETWORKS INC
COM
315616102
3053
31484
SH
SOLE
NONE
31484
0
0
GENERAL ELECTRIC COMPANY
COM
369604103
9152
293788
SH
SOLE
NONE
293788
0
0
GENERAL ELEC CAP CORPNT CPN
CAP CORP NT
369622394
62
2425
SH
SOLE
NONE
2425
0
0
GENERAL ELEC CAP CORP NT CPN
CAP CORP NT
369622428
41
1600
SH
SOLE
NONE
1600
0
0
GENERAL MILLS INC
COM
370334104
1478
25629
SH
SOLE
NONE
25629
0
0
GILEAD SCI INC
COM
375558103
470
4640
SH
SOLE
NONE
4640
0
0
GRAINGER WW INC
COM
384802104
421
2077
SH
SOLE
NONE
2077
0
0
HALLIBURTON CO
COM
406216101
1612
47328
SH
SOLE
NONE
47328
0
0
HANCOCK JOHN PREM DIVID FD COM SH BEN INT
COM
41013T105
6
405
SH
SOLE
NONE
405
0
0
HOME DEPOT INC
COM
437076102
1909
14433
SH
SOLE
NONE
14433
0
0
HONEYWELL INTL INC
COM
438516106
5676
54805
SH
SOLE
NONE
54805
0
0
IBM
COM
459200101
912
6629
SH
SOLE
NONE
6629
0
0
INTEL INC
COM
458140100
1768
51301
SH
SOLE
NONE
51301
0
0
INTERCONTINENTAL EXCHANGE
COM
45865V100
3907
15245
SH
SOLE
NONE
15245
0
0
INTERCONTINENTAL EXCHANGE INC COM
COM
45866F104
41
160
SH
SOLE
NONE
160
0
0
ISHARES EUROPE SMALL CAP ETF
ETF
464288497
13
282
SH
SOLE
NONE
282
0
0
ISHARES TR 1-3 YR CR BD ETF
ETF
464288646
1474
14090
SH
SOLE
NONE
14090
0
0
ISHARES TRUST
HDG MSCI
46434V704
356
14600
SH
SOLE
NONE
14600
0
0
ISHARES TR 2017 AMT-FREE MUN TERM ETF
ETF
464289271
20
730
SH
SOLE
NONE
730
0
0
ISHARES TR CORE CONSERVATIVE ALLOCATION ETF
ETF
464289883
32
1000
SH
SOLE
NONE
1000
0
0
ISHARES TR CORE S&P 500 ETF
ETF
464287200
2896
14135
SH
SOLE
NONE
14135
0
0
ISHARES TR CORE S&P MID-CAP ETF
ETF
464287507
853
6126
SH
SOLE
NONE
6126
0
0
ISHARES TR IBONDS SEP 2020 AMT-FREE MUNI BD ETF
ETF
46434V571
6
234
SH
SOLE
NONE
234
0
0
ISHARES TR IBOXX $ HIGH YIELD CORP BD ETF
ETF
464288513
278
3454
SH
SOLE
NONE
3454
0
0
ISHARES TR IBOXX USD INVT GRADE CORP BD ETF
ETF
464287242
488
4282
SH
SOLE
NONE
4282
0
0
ISHARES TR INTL TREASURY BD ETF
ETF
464288117
251
2797
SH
SOLE
NONE
2797
0
0
ISHARES TR ISHARES 2019 AMT-FREE MUNI TERM ETF
ETF
46429B564
716
27928
SH
SOLE
NONE
27928
0
0
ISHARES TR JPMORGAN USD EMERGING MKTS BD ETF
ETF
464288281
72
685
SH
SOLE
NONE
685
0
0
ISHARES TR MSCI EAFE ETF
ETF
464287465
935
15917
SH
SOLE
NONE
15917
0
0
ISHARES TR MSCI EAFE SMALL CAP ETF
ETF
464288273
156
3117
SH
SOLE
NONE
3117
0
0
ISHARES TR MSCI EMERGING MKTS ETF
ETF
464287234
129
4013
SH
SOLE
NONE
4013
0
0
ISHARES TR NATL AMT FREE MUNI BD ETF
ETF
464288414
429
3874
SH
SOLE
NONE
3874
0
0
ISHARES TR RUSSELL 1000 GROWTH ETF
ETF
464287614
7
71
SH
SOLE
NONE
71
0
0
ISHARES TR S&P 500 GROWTH ETF
ETF
464287309
282
2434
SH
SOLE
NONE
2434
0
0
ISHARES TR S&P MIDCAP 400 GROWTH ETF
ETF
464287606
0
3
SH
SOLE
NONE
3
0
0
ISHARES TR S&P 500 VALUE ETF
ETF
464287408
223
2524
SH
SOLE
NONE
2524
0
0
ISHARES TR S&P SMALL CAP 600 GROWTH ETF
ETF
464287887
0
4
SH
SOLE
NONE
4
0
0
ISHARES TR TIPS BD ETF
ETF
464287176
9
86
SH
SOLE
NONE
86
0
0
ISHARES TRUST
DJ SEL DIV INX
464287168
764
10160
SH
SOLE
NONE
10160
0
0
ISHARES TRUST
CORE TOTUSBD ETF
464287226
65072
602461
SH
SOLE
NONE
602461
0
0
ISHARES TRUST
20 YR BD ETF
464287432
1109
9198
SH
SOLE
NONE
9198
0
0
ISHARES TRUST
BD ETF
464287440
8717
82558
SH
SOLE
NONE
82558
0
0
ISHARES TRUST
RUS MID-CAP ETF
464287499
10057
62790
SH
SOLE
NONE
62790
0
0
ISHARES TRUST
NASDQ BIO INDX
464287556
8926
26382
SH
SOLE
NONE
26382
0
0
ISHARES TRUST
RUSSELL 2000
464287655
30844
273880
SH
SOLE
NONE
273880
0
0
ISHARES TRUST
US OIL&GAS EX ET
464288851
2858
53970
SH
SOLE
NONE
53970
0
0
ISHARES TRUST
HDG MSCI EAFE
46434V803
349
13750
SH
SOLE
NONE
13750
0
0
JOHN HANCOCK HEDGED EQUITY & INCOME FD COM
COM
47804L102
5
325
SH
SOLE
NONE
325
0
0
JOHNSON AND JOHNSON
COM
478160104
9920
96576
SH
SOLE
NONE
96576
0
0
JP MORGAN CHASE & CO
COM
46625H100
7566
114594
SH
SOLE
NONE
114594
0
0
KINDER MORGAN INC DEL COM
COM
49456B101
79
5314
SH
SOLE
NONE
5314
0
0
KRAFT HEINZ CO
COM
500754106
864
11885
SH
SOLE
NONE
11885
0
0
LIBERTY ALL STAR EQUITY FD SBI
COM
530158104
33
6182
SH
SOLE
NONE
6182
0
0
LOWES COMPANIES INC
COM
548661107
5245
68962
SH
SOLE
NONE
68962
0
0
MCDONALDS CORP
COM
580135101
1832
15502
SH
SOLE
NONE
15502
0
0
MCKESSON HBOC INC
COM
58155Q103
3304
16751
SH
SOLE
NONE
16751
0
0
MERCK & CO INC
COM
58933Y105
1492
28245
SH
SOLE
NONE
28245
0
0
METLIFE INC
COM
59156R108
2900
60138
SH
SOLE
NONE
60138
0
0
METRONIC HLDG PLC
SHS
G5960L103
6511
84643
SH
SOLE
NONE
84643
0
0
MICROSOFT INC
COM
594918104
9016
162508
SH
SOLE
NONE
162508
0
0
MONDELEZ INTL INC
CL A
609207105
3324
74139
SH
SOLE
NONE
74139
0
0
MONSANTO COMPANY
COM
61166W101
2675
27158
SH
SOLE
NONE
27158
0
0
MYLAN NV
SHS
N59465109
3575
66132
SH
SOLE
NONE
66132
0
0
NEXTERA ENERGY INC
COM
65339F101
351
3380
SH
SOLE
NONE
3380
0
0
NIKE INC
COM
654106103
1865
29839
SH
SOLE
NONE
29839
0
0
NORDSTROM INC
COM
655664100
2425
48676
SH
SOLE
NONE
48676
0
0
NORFOLK SOUTHERN CORP
COM
655844108
276
3263
SH
SOLE
NONE
3263
0
0
NOVARTIS AG
COM
66987V109
582
7327
SH
SOLE
NONE
7327
0
0
NUSTAR ENERGY LP UNIT COM
COM
67058H102
46
1145
SH
SOLE
NONE
1145
0
0
ONEOK PARTNERS L P UNIT LTD PARTNERSHIP
COM
68268N103
13
444
SH
SOLE
NONE
444
0
0
ORACLE SYSTEMS INC
COM
68389X105
4158
113824
SH
SOLE
NONE
113824
0
0
PACIRA PHARMACEUTICALS INC COM
COM
695127100
22
292
SH
SOLE
NONE
292
0
0
PEPSICO INC
COM
713448108
6115
61199
SH
SOLE
NONE
61199
0
0
PFIZER INC
COM
717081103
5578
172787
SH
SOLE
NONE
172787
0
0
PHILIP MORRIS
COM
718172109
5367
61056
SH
SOLE
NONE
61056
0
0
POWERSHARES QQQ TR UNIT SER 1
ETF
73935A104
11
100
SH
SOLE
NONE
100
0
0
PRAXAIR INC
COM
74005P104
2493
24343
SH
SOLE
NONE
24343
0
0
PRICELINE COM INC
COM
741503403
6889
5403
SH
SOLE
NONE
5403
0
0
PROCTER AND GAMBLE COMPANY
COM
742718109
4809
60563
SH
SOLE
NONE
60563
0
0
PRUDENTIAL FINANCIAL INC
COM
744320102
4200
51584
SH
SOLE
NONE
51584
0
0
PUBLIC STORAGE DEP SHS REPSTG
SHS
74460W792
78
2965
SH
SOLE
NONE
2965
0
0
QUALCOMM INC
COM
747525103
4050
81021
SH
SOLE
NONE
81021
0
0
ROSS STORES INC
COM
778296103
239
4448
SH
SOLE
NONE
4448
0
0
ROYAL BANK CANADA
COM
780087102
1352
25217
SH
SOLE
NONE
25217
0
0
SCE TR I CPN
TR UNIT
78406T201
40
1600
SH
SOLE
NONE
1600
0
0
SCE TR II TR PFD SHS
SHS
78407R204
76
3160
SH
SOLE
NONE
3160
0
0
SCHLUMBERGER LTD
COM
806857108
1643
23568
SH
SOLE
NONE
23568
0
0
SELECT SECTOR SPDR TR
SBI INT-ENERGY
81369Y506
43
710
SH
SOLE
NONE
710
0
0
SELECT SECTOR SPDR TR
SBI INT-UTIL
81369Y886
8109
187369
SH
SOLE
NONE
187369
0
0
SOUTHERN COMPANY
COM
842587107
1156
24697
SH
SOLE
NONE
24697
0
0
SPARTAN MTRS INC COM
COM
846819100
2
742
SH
SOLE
NONE
742
0
0
SPDR S & P 500 ETF TR
TR UNIT
78462F103
13825
67377
SH
SOLE
NONE
67377
0
0
SPDR SER TR BARCLAYS HIGH YIELD BD
ETF
78464A417
10
294
SH
SOLE
NONE
294
0
0
SPDR SER TR DOW JONES REIT ETF
ETF
78464A607
42
463
SH
SOLE
NONE
463
0
0
SPECTRA ENERGY PARTNERS LP COM
COM
84756N109
81
1694
SH
SOLE
NONE
1694
0
0
STARBUCKS CORP
COM
855244109
2862
47684
SH
SOLE
NONE
47684
0
0
STARWOOD HOTELS & RESORTS
COM
85590A401
2641
38116
SH
SOLE
NONE
38116
0
0
STATE STREET CORP
COM
857477103
2672
40255
SH
SOLE
NONE
40255
0
0
STATE STR CORP DEP SHS
SHS
857477889
79
2955
SH
SOLE
NONE
2955
0
0
TJX COMPANIES
COM
872540109
367
5175
SH
SOLE
NONE
5175
0
0
TOTAL S A
SPONSORED ADR
89151E109
814
18109
SH
SOLE
NONE
18109
0
0
TWENTY-FIRST CENTY FOX INC CL A
ETF
90130A101
1843
67829
SH
SOLE
NONE
67829
0
0
UNITED PARCEL SERVICE
COM
911312106
1003
10423
SH
SOLE
NONE
10423
0
0
UNITEDHEALTH GROUP INC
COM
91324P102
3262
27725
SH
SOLE
NONE
27725
0
0
US BANCORP DEL
COM NEW
902973304
2678
62762
SH
SOLE
NONE
62762
0
0
VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF
ETF
921937835
1358
16819
SH
SOLE
NONE
16819
0
0
VANGUARD INDEX FDS
S&P 500 ETF SH
922908363
66275
354544
SH
SOLE
NONE
354544
0
0
VANGUARD INDEX FDS
REIT ETF
922908553
14101
176865
SH
SOLE
NONE
176865
0
0
VANGUARD INDEX FDS
MID CAP ETF
922908629
11087
92306
SH
SOLE
NONE
92306
0
0
VANGUARD INDEX FDS VANGUARD SMALL-CAP ETF
ETF
922908751
317
2861
SH
SOLE
NONE
2861
0
0
VANGUARD INDEX FDS VANGUARD SMALL-CAP GROWTH ETF
ETF
922908595
640
5267
SH
SOLE
NONE
5267
0
0
VANGUARD INDEX FDS VANGUARD SMALL-CAP VALUE ETF
ETF
922908611
663
6710
SH
SOLE
NONE
6710
0
0
VANGUARD INTL EQUITY INDEX FD INC FTSE ALL WORLD EX US INDEX FD ETFS SHS
ETF
922042775
6
136
SH
SOLE
NONE
136
0
0
VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS ETF
EFT
922042858
301
9217
SH
SOLE
NONE
9217
0
0
VANGUARD SCOTTSDALE FDS
VNG RUS1000IDX
92206C730
8938
95459
SH
SOLE
NONE
95459
0
0
VANGUARD SCOTTSDALE FDS
INT TERM CORP
92206C870
8739
103929
SH
SOLE
NONE
103929
0
0
VANGUARD TAX-MANAGED INTL FD FTSE DEVELOPED MKTS ETF
ETF
921943858
523
14253
SH
SOLE
NONE
14253
0
0
VANGUARD WHITEHALL FDS HIGH DIVIDEND YIELD ETF SHS
ETF
921946406
2830
42388
SH
SOLE
NONE
42388
0
0
VERIZON COMMUNICATION
COM
92343V104
6302
136351
SH
SOLE
NONE
136351
0
0
VISA INC
COM CL A
92826C839
3865
49843
SH
SOLE
NONE
49843
0
0
WAL MART STORES INC COM
COM
931142103
35
565
SH
SOLE
NONE
565
0
0
WELLS FARGO & CO NEW COM STK
COM
949746101
5105
93926
SH
SOLE
NONE
93926
0
0
WISDOM TREE
COM
97717X701
329
6108
SH
SOLE
NONE
6108
0
0
WISDOMTREE TR EMERGING MKTS EQUITY INCOME FD EQUITY
ETF
97717W315
21
658
SH
SOLE
NONE
658
0
0
WISDOMTREE TR EMERGING MKTS LOC DEBT FD
COM
97717X867
48
1443
SH
SOLE
NONE
1443
0
0
WISDOMTREE TR EMERGING MKTS SMALL CAP
ETF
97717W281
28
785
SH
SOLE
NONE
785
0
0
XCEL ENERGY INC
COM
98389B100
210
5840
SH
SOLE
NONE
5840
0
0
ZIMMER BIOMET HLDGS INC COM
COM
98956P102
3287
32045
SH
SOLE
NONE
32045
0
0