Banc Funds Co. LLC Reduces Stake in Alerus Financial

The investment firm sold over 116,000 shares of the North Dakota-based bank

Mar. 15, 2026 at 8:34am

Got story updates? Submit your updates here. ›

Banc Funds Co. LLC, an investment management firm, decreased its stake in Alerus Financial (NASDAQ: ALRS) by 29.1% in the third quarter. The firm sold 116,085 shares, leaving it with 282,453 shares worth approximately $6.25 million as of the most recent filing with the SEC.

Why it matters

This transaction represents a significant reduction in Banc Funds' position in Alerus Financial, a regional bank headquartered in Grand Forks, North Dakota. The sale could signal a shift in the investment firm's outlook on the bank's prospects or a rebalancing of its overall portfolio.

The details

According to the filing, Banc Funds Co. LLC sold 116,085 shares of Alerus Financial, reducing its total stake in the company to 282,453 shares. This sale represents approximately 29.1% of the firm's previous holding in the bank. Alerus Financial is a diversified financial services company that provides commercial and consumer banking products, as well as mortgage origination and servicing services.

  • Banc Funds Co. LLC sold the shares in the 3rd quarter of the year.

The players

Banc Funds Co. LLC

An investment management firm that decreased its stake in Alerus Financial.

Alerus Financial

A diversified financial services company headquartered in Grand Forks, North Dakota, that provides commercial and consumer banking products, as well as mortgage origination and servicing services.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Banc Funds' position in Alerus Financial could signal a shift in the investment firm's outlook on the bank's prospects or a broader rebalancing of its portfolio. This transaction highlights the ongoing changes and dynamics within the regional banking sector.