US Bancorp portfolio

Bank or trading desk

Portfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Nov 5, 2026 · data updated on Nov 6, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗

A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.

US Bancorp reported a $92.0 bn portfolio of 4,153 companies (4,202 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are IVV, SCHX, AGG.

Stock portfolio

$92.0 bn

Companies

4,153

4,202 positions (by CUSIP)Top 10: 36%

Turnover

Copying its 13F, 5 years

—

Not calculated: not counted as a concentrated manager

Sections with a free account

What changed this quarter

3129 positions with a change (216 new, 1529 added to, 1224 trimmed, 160 sold); also, 19 entered through an IPO.

No moves of 0.5 points of the portfolio or more.

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.

Top holdings

iShares Core S&P 500 ETFIVV5.6%
Schwab US Large-cap ETFSCHX5.5%
iShares Core U.s. Aggregate ETFAGG4.3%
iShares Core Msci Eafe ETFIEFA3.9%
AppleAAPL3.6%
State Str Spdr S&P 500 ETF TSPY3.4%
MicrosoftMSFT3.1%
AlphabetGOOGL · GOOG2.9%
IsharesIEMG2.6%
NVIDIANVDA2.0%
Vanguard Index FundsVO2.0%
Eli LillyLLY1.7%
Amazon.comAMZN1.6%
iShares Russell Mid-cap ETFIWR1.5%
Berkshire HathawayBRK/A · BRK/B1.3%
iShares Msci Eafe Value ETFEFV1.2%
JPMorgan ChaseJPM1.2%
iShares Core International Stock ETFIXUS1.2%
Invesco QQQ Trust Series 1 ETFQQQ1.0%
Micron TechnologyMU0.9%
Meta PlatformsMETA0.9%
Schwab US Reit ETFSCHH0.8%
Vanguard Index FundsVTI0.8%
iShares Msci Eafe ETFEFA0.8%
Vanguard Ftse Developed ETFVEA0.8%
Vanguard Russell 2000 ETFVTWO0.8%
Advanced Micro DevicesAMD0.7%
Johnson & JohnsonJNJ0.7%
iShares Core S&P Small-cap E ETFIJR0.7%
State Str Spdr S&P Midcap 40MDY0.7%
AbbVieABBV0.6%
iShares Russell 2000 ETFIWM0.6%
WalmartWMT0.6%
Marathon PetroleumMPC0.6%
iShares National Muni Bond E ETFMUB0.6%
Exxon MobilXOM0.6%
Palo Alto NetworksPANW0.6%
State Street Technology Select Sector ETFXLK0.6%
iShares Russell 1000 Growth ETFIWF0.5%
MastercardMA0.5%
Costco WholesaleCOST0.5%
Procter & GamblePG0.5%
BroadcomAVGO0.5%
Vanguard Real Estate ETFVNQ0.5%
ChevronCVX0.5%
PaccarPCAR0.4%
US Bancorp \de\USB0.4%
Cisco SystemsCSCO0.4%
Bank of AmericaBAC0.4%
CaterpillarCAT0.4%
iShares Core S&P Midcap ETFIJH0.4%
Vanguard International Equity Index FVWO0.4%
UnitedHealth GroupUNH0.4%
3mMMM0.4%
Coca-ColaKO0.4%
Home DepotHD0.4%
VisaV0.4%
iShares Russell Mid-cap Valu ETFIWS0.3%
SPDR Gold Shares ETFGLD0.3%
Schwab International Equity ETFSCHF0.3%
Emerson ElectricEMR0.3%
Applied MaterialsAMAT0.3%
Vanguard S&P 500 ETFVOO0.3%
AmgenAMGN0.3%
IsharesEMXC0.3%
iShares Global Infrastructur ETFIGF0.3%
EcolabECL0.3%
Abbott LaboratoriesABT0.3%
IntelINTC0.3%
iShares Msci Emerging Market ETFEEM0.2%
MerckMRK0.2%
Charles SchwabSCHW0.2%
Nextera EnergyNEE0.2%
QualcommQCOM0.2%
BlackRockBLK0.2%
EatonETN0.2%
Texas InstrumentsTXN0.2%
iShares Russell 1000 ETFIWB0.2%
Wells FargoWFC0.2%
Union PacificUNP0.2%
OracleORCL0.2%
iShares Russell 1000 Value E ETFIWD0.2%
iShares Core US Reit ETFUSRT0.2%
McDONALD’SMCD0.2%
iShares Msci Eafe Growth ETFEFG0.2%
iShares Russell Mid-cap Grow ETFIWP0.2%
Vanguard Tax-exempt Bond ETFVTEB0.2%
ChubbCB0.2%
PepsicoPEP0.2%
Vanguard Extended Market ETFVXF0.2%
RTXRTX0.2%
State Street SPDR P High Yield ETFSPHY0.2%
Travelers CompaniesTRV0.2%
Analog DevicesADI0.2%
Vertiv HoldingsVRT0.2%
Taiwan Semiconductor ManufacturingTSM0.2%
TargetTGT0.2%
iShares Select Dividend ETFDVY0.2%

Portfolio by sector

● No sector 51%
● Information Technology 16%
● Financials 7%
● Health Care 6%
● Industrials 5%
● Communication Services 4%
● Consumer Discretionary 4%
● Consumer Staples 3%
● Energy 2%
● Materials 1%
● Utilities 1%

Declared options (19)

Besides stocks, US Bancorp declared 16 puts (they gain if the stock falls) and 3 calls (they gain if it rises) with a notional of $1.2M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.

PUTInvesco Exchange Traded Fund TRSP$506K
PUTGE VernovaGEV$158K
PUTLowe'sLOW$97.8K
PUTTeslaTSLAnew this quarter$72.7K
CALLSpace Exploration TechnologiesSPCXnew this quarter$69.9K
PUTAlphabetGOOGLnew this quarter$49.2K
PUTEli LillyLLY$46.4K
PUTJPMorgan ChaseJPM$36.0K
PUTBoeingBAnew this quarter$35.2K
PUTState Str Spdr S&P 500 ETF TSPY$26.7K
PUTEmerson ElectricEMR$19.5K
PUTAppleAAPL$17.1K

Stakes above 5% (13D/13G)

Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.

How we classify it

Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions; its top 10 positions are under 45%; more than 20% is ETFs; it is a bank or trading desk; its positions are usually hedges or inventory. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided

Managers of a similar size

A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.

Sanders CapitalInvestment firm · $103 bn
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GQG PartnersInvestment firm · $53.8 bn
TCI Fund ManagementInvestment firm · $52.8 bn
Coatue ManagementInvestment firm · $48.6 bn
Viking Global InvestorsInvestment firm · $35.1 bn