| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| BOOTHBAY FUND MANAGEMENT, LLC | 0 | 75,000 | +75,000 | 0.00 | 0.06 | +0.06 | buy |
| DIMENSIONAL FUND ADVISORS LP | 196,896 | 254,175 | +57,279 | 0.00 | 0.00 | +0.00 | buy |
| MORGAN STANLEY | 53,607 | 90,892 | +37,285 | 0.00 | 0.00 | +0.00 | buy |
| VANGUARD GROUP INC | 861,201 | 898,169 | +36,968 | 0.00 | 0.00 | +0.00 | buy |
| Sippican Capital Advisors | 31,090 | 60,205 | +29,115 | 0.52 | 1.06 | +0.54 | buy |
| Bank of New York Mellon Corp | 97,862 | 123,057 | +25,195 | 0.00 | 0.00 | +0.00 | buy |
| BARCLAYS PLC | 19,794 | 39,695 | +19,901 | 0.00 | 0.00 | +0.00 | buy |
| ENDEAVOUR CAPITAL ADVISORS INC | 196,573 | 215,534 | +18,961 | 1.44 | 1.62 | +0.18 | buy |
| Invesco Ltd. | 0 | 13,432 | +13,432 | 0.00 | 0.00 | +0.00 | buy |
| CITADEL ADVISORS LLC | 0 | 12,405 | +12,405 | 0.00 | 0.00 | +0.00 | buy |
| JPMORGAN CHASE & CO | 12,398 | 24,747 | +12,349 | 0.00 | 0.00 | +0.00 | buy |
| ALERUS FINANCIAL NA | 2,248,939 | 2,260,965 | +12,026 | 3.62 | 4.13 | +0.51 | buy |
| Harbor Advisors LLC | 0 | 9,867 | +9,867 | 0.00 | 0.04 | +0.04 | buy |
| UBS Group AG | 11,414 | 20,939 | +9,525 | 0.00 | 0.00 | +0.00 | buy |
| ROYAL BANK OF CANADA | 0 | 9,285 | +9,285 | 0.00 | 0.00 | +0.00 | buy |
| NORTHERN TRUST CORP | 174,314 | 183,396 | +9,082 | 0.00 | 0.00 | +0.00 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 370,652 | 378,147 | +7,495 | 0.00 | 0.00 | +0.00 | buy |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 101,834 | 109,080 | +7,246 | 0.04 | 0.05 | +0.01 | buy |
| Empowered Funds, LLC | 21,634 | 28,880 | +7,246 | 0.01 | 0.02 | +0.00 | buy |
| BANK OF AMERICA CORP /DE/ | 23,757 | 29,545 | +5,788 | 0.00 | 0.00 | +0.00 | buy |
| STATE STREET CORP | 327,602 | 331,563 | +3,961 | 0.00 | 0.00 | +0.00 | buy |
| AMERIPRISE FINANCIAL INC | 326,287 | 330,208 | +3,921 | 0.00 | 0.00 | +0.00 | buy |
| CITIGROUP INC | 198 | 2,885 | +2,687 | 0.00 | 0.00 | +0.00 | buy |
| AMERICAN CENTURY COMPANIES INC | 134,882 | 137,463 | +2,581 | 0.00 | 0.00 | +0.00 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 11,700 | 13,800 | +2,100 | 0.00 | 0.00 | +0.00 | buy |
| SG Americas Securities, LLC | 7,810 | 9,784 | +1,974 | 0.00 | 0.00 | +0.00 | buy |
| CANADA LIFE ASSURANCE Co | 0 | 1,163 | +1,163 | 0.00 | 0.00 | +0.00 | buy |
| Cutler Capital Management, LLC | 156,651 | 157,480 | +829 | 1.28 | 1.46 | +0.18 | buy |
| ACADIAN ASSET MANAGEMENT LLC | 0 | 619 | +619 | 0.00 | 0.00 | +0.00 | buy |
| Qube Research & Technologies Ltd | 0 | 539 | +539 | 0.00 | 0.00 | +0.00 | buy |
| Riverwater Partners LLC | 16,763 | 17,149 | +386 | 0.28 | 0.30 | +0.02 | buy |
| Tower Research Capital LLC (TRC) | 868 | 1,129 | +261 | 0.00 | 0.00 | -0.00 | buy |
| Cherry Tree Wealth Management, LLC | 730 | 830 | +100 | 0.00 | 0.00 | +0.00 | buy |
| FMR LLC | 1,368 | 1,418 | +50 | 0.00 | 0.00 | +0.00 | buy |
| BANC FUNDS CO LLC | 583,022 | 583,022 | 0 | 1.24 | 1.29 | +0.04 | hold |
| Ameritas Investment Partners, Inc. | 1,781 | 1,781 | 0 | 0.00 | 0.00 | +0.00 | hold |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 60,240 | 60,240 | 0 | 0.08 | 0.09 | +0.00 | hold |
| Lafayette Investments, Inc. | 20,100 | 20,100 | 0 | 0.10 | 0.11 | +0.01 | hold |
| Horrell Capital Management, Inc. | 4,440 | 4,440 | 0 | 0.03 | 0.03 | +0.00 | hold |
| Hanson & Doremus Investment Management | 300 | 300 | 0 | 0.00 | 0.00 | +0.00 | hold |
| MetLife Investment Management, LLC | 9,726 | 9,726 | 0 | 0.00 | 0.00 | +0.00 | hold |
| CWM, LLC | 66 | 66 | 0 | 0.00 | 0.00 | -0.00 | hold |
| Capital Advisors, Ltd. LLC | 24 | 24 | 0 | 0.00 | 0.00 | +0.00 | hold |
| NewEdge Advisors, LLC | 2,000 | 2,000 | 0 | 0.00 | 0.00 | +0.00 | hold |
| First PREMIER Bank | 17,036 | 17,036 | 0 | 0.10 | 0.11 | +0.01 | hold |
| Russell Investments Group, Ltd. | 247 | 247 | 0 | 0.00 | 0.00 | +0.00 | hold |
| VERUS CAPITAL PARTNERS, LLC | 23,700 | 23,700 | 0 | 0.06 | 0.06 | +0.00 | hold |
| Covestor Ltd | 0 | 0 | 0 | 0.00 | 0.00 | 0.00 | hold |
| US BANCORP \DE\ | 12,630 | 12,630 | 0 | 0.00 | 0.00 | +0.00 | hold |
| METROPOLITAN LIFE INSURANCE CO/NY | 1,232 | 1,232 | 0 | 0.00 | 0.00 | +0.00 | hold |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 823 | 823 | 0 | 0.00 | 0.00 | +0.00 | hold |
| COMERICA BANK | 529 | 529 | 0 | 0.00 | 0.00 | +0.00 | hold |
| NISA INVESTMENT ADVISORS, LLC | 10 | 10 | 0 | 0.00 | 0.00 | +0.00 | hold |
| PNC FINANCIAL SERVICES GROUP, INC. | 1,017 | 1,010 | -7 | 0.00 | 0.00 | +0.00 | sell |
| RHUMBLINE ADVISERS | 25,386 | 25,284 | -102 | 0.00 | 0.00 | +0.00 | sell |
| Legal & General Group Plc | 1,661 | 1,526 | -135 | 0.00 | 0.00 | +0.00 | sell |
| AMALGAMATED BANK | 1,762 | 1,607 | -155 | 0.00 | 0.00 | +0.00 | sell |
| AMERICAN INTERNATIONAL GROUP, INC. | 9,086 | 8,909 | -177 | 0.00 | 0.00 | -0.00 | sell |
| NEW YORK STATE COMMON RETIREMENT FUND | 9,549 | 9,159 | -390 | 0.00 | 0.00 | +0.00 | sell |
| Cresset Asset Management, LLC | 10,098 | 9,706 | -392 | 0.00 | 0.00 | +0.00 | sell |
| DEUTSCHE BANK AG\ | 11,763 | 11,288 | -475 | 0.00 | 0.00 | -0.00 | sell |
| HSBC HOLDINGS PLC | 23,189 | 22,283 | -906 | 0.00 | 0.00 | -0.00 | sell |
| WELLS FARGO & COMPANY/MN | 9,498 | 8,518 | -980 | 0.00 | 0.00 | +0.00 | sell |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 4,017 | 2,950 | -1,067 | 0.00 | 0.00 | -0.00 | sell |
| OSAIC HOLDINGS, INC. | 3,637 | 2,314 | -1,323 | 0.00 | 0.00 | -0.00 | sell |
| TWO SIGMA ADVISERS, LP | 30,200 | 28,800 | -1,400 | 0.00 | 0.00 | +0.00 | sell |
| STATE OF WISCONSIN INVESTMENT BOARD | 29,600 | 27,700 | -1,900 | 0.00 | 0.00 | +0.00 | sell |
| TWO SIGMA INVESTMENTS, LP | 24,833 | 22,371 | -2,462 | 0.00 | 0.00 | -0.00 | sell |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 141,650 | 138,208 | -3,442 | 0.00 | 0.00 | +0.00 | sell |
| Cetera Investment Advisers | 33,973 | 29,212 | -4,761 | 0.01 | 0.01 | -0.00 | sell |
| Ategra Capital Management, LLC | 139,826 | 134,417 | -5,409 | 1.39 | 1.35 | -0.04 | sell |
| Mariner, LLC | 36,109 | 20,162 | -15,947 | 0.00 | 0.00 | -0.00 | sell |
| ALLIANCEBERNSTEIN L.P. | 16,651 | 0 | -16,651 | 0.00 | 0.00 | -0.00 | sell |
| MAIRS & POWER INC | 141,319 | 124,294 | -17,025 | 0.03 | 0.03 | -0.00 | sell |
| BROWN ADVISORY INC | 284,647 | 258,130 | -26,517 | 0.01 | 0.01 | -0.00 | sell |
| STIFEL FINANCIAL CORP | 52,000 | 0 | -52,000 | 0.00 | 0.00 | -0.00 | sell |
| GOLDMAN SACHS GROUP INC | 160,858 | 51,498 | -109,360 | 0.00 | 0.00 | -0.00 | sell |