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Livermore
Livermore
ZHEN

US Bancorp

SEC CIK
0000036104
Latest filing
Aug 12, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 8, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
4,166
+22 vs. Q4 2024
Portfolio value
$74.8B
−$1.54B (−2.0%) vs. Q4 2024
Filed
May 8, 2025
SEC
Holdings of US Bancorp in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Schwab U.S. Large-Cap ETF808524201ETF217,201,393$4.80B6.4%+10,782,297+5.2%Added–
iShares Core S&P 500 ETF464287200ETF6,104,330$3.43B4.6%+139,377+2.3%Added–
iShares Core U.S. Aggregate Bond ETF464287226ETF34,065,086$3.37B4.5%+16,8710.0%Added–
iShares Core MSCI Eafe ETF46432F842ETF34,147,182$2.58B3.5%+1,232,333+3.7%Added–
SPYSPDR S&P 500 ETF TrustETF4,449,038$2.49B3.3%−45,353−1.0%ReducedHistory
AAPLApple Inc.Stock10,935,604$2.43B3.2%−155,078−1.4%ReducedHistory
MSFTMicrosoft CorpStock5,631,759$2.11B2.8%−109,063−1.9%ReducedHistory
iShares Russell Midcap ETF464287499ETF19,325,451$1.64B2.2%+418,491+2.2%Added–
iShares Core MSCI Emerging Markets ETF46434G103ETF27,075,059$1.46B2.0%+1,448,441+5.7%Added–
LLYEli Lilly & CoStock1,434,093$1.18B1.6%−659,878−31.5%ReducedHistory
AMZNAmazon Com IncStock5,764,626$1.10B1.5%−10,027−0.2%ReducedHistory
GOOGLAlphabet Inc.Stock6,117,158$946.0M1.3%−7,226−0.1%ReducedHistory
JPMJPMorgan Chase & CoStock3,799,203$932.0M1.2%−49,889−1.3%ReducedHistory
Vanguard Star FDS921909768VG TL INTL STK F14,060,858$873.2M1.2%+7,451,401+112.7%Added–
NVDANVIDIA CorpStock7,908,727$857.1M1.1%+241,519+3.2%AddedHistory
Vanguard Ftse Developed Markets ETF921943858ETF15,609,085$793.4M1.1%−8,203,668−34.5%Reduced–
iShares Russell 2000 ETF464287655ETF3,969,039$791.8M1.1%+104,693+2.7%Added–
iShares Tr464288877EAFE VALUE ETF13,073,926$770.6M1.0%+270,885+2.1%Added–
BRK.ABerkshire Hathaway IncCL A901$719.4M1.0%−22−2.4%ReducedHistory
BRK.BBerkshire Hathaway IncStock1,298,184$691.4M0.9%−4,144−0.3%ReducedHistory
PGProcter & Gamble CoStock3,910,882$666.5M0.9%−142,476−3.5%ReducedHistory
Schwab U.S. REIT ETF808524847ETF29,816,470$641.4M0.9%+1,371,461+4.8%Added–
Invesco QQQ Trust Series I46090E103ETF1,350,809$633.4M0.8%−58,521−4.2%Reduced–
iShares MSCI Eafe ETF464287465ETF7,504,747$613.4M0.8%−9,725−0.1%Reduced–
Vanguard Morningstar Total Stock Market ETF922908769ETF2,217,078$609.3M0.8%+10,229+0.5%Added–
iShares Tr464288414NATIONAL MUN ETF5,464,250$576.2M0.8%−109,188−2.0%Reduced–
UNHUnitedHealth Group IncStock1,094,757$573.4M0.8%−24,633−2.2%ReducedHistory
MDYSPDR S&P Midcap 400 ETF TrustETF1,035,651$552.5M0.7%−10,312−1.0%ReducedHistory
iShares Russell Mid-Cap Value ETF464287473ETF4,355,252$548.7M0.7%+103,969+2.4%Added–
iShares Core S&P Small Cap ETF464287804ETF5,156,813$539.2M0.7%+5,405+0.1%Added–
WMTWalmart Inc.Stock6,050,442$531.2M0.7%−185,015−3.0%ReducedHistory
METAMeta Platforms, Inc.Stock909,132$524.0M0.7%+27,014+3.1%AddedHistory
ABBVAbbVie Inc.Stock2,470,175$517.6M0.7%−38,590−1.5%ReducedHistory
HDHome Depot, Inc.Stock1,398,180$512.4M0.7%−3,667−0.3%ReducedHistory
COSTCostco Wholesale CorpStock532,399$503.6M0.7%−11,765−2.2%ReducedHistory
MAMastercard IncStock898,800$492.7M0.7%−14,602−1.6%ReducedHistory
iShares Core MSCI Total International Stock ETF46432F834ETF7,038,453$491.4M0.7%+696,288+11.0%Added–
Vanguard Real Estate ETF922908553ETF5,041,643$456.5M0.6%−623,422−11.0%Reduced–
JNJJohnson & JohnsonStock2,603,857$431.8M0.6%−58,804−2.2%ReducedHistory
XOMExxonMobil Holdings CorpCOM3,572,628$424.9M0.6%−43,161−1.2%ReducedHistory
iShares Tr464288638ISHS 5-10YR INVT7,480,533$392.9M0.5%+109,047+1.5%Added–
ABTAbbott LaboratoriesStock2,920,157$387.4M0.5%−46,239−1.6%ReducedHistory
iShares Russell 1000 Growth ETF464287614ETF1,059,634$382.6M0.5%+6,522+0.6%Added–
CVXChevron CorpStock2,222,280$371.8M0.5%+12,648+0.6%AddedHistory
VVisa Inc.Stock1,011,715$354.6M0.5%−23,501−2.3%ReducedHistory
PCARPaccar IncCOM3,623,070$352.8M0.5%−2,653−0.1%ReducedHistory
ACNAccenture plcStock1,107,120$345.5M0.5%+2,046+0.2%AddedHistory
MMM3M CoStock2,287,818$336.0M0.4%−51,584−2.2%ReducedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF7,374,574$333.8M0.4%+76,015+1.0%Added–
USBUS Bancorp DECOM NEW7,605,079$321.1M0.4%−199,336−2.6%ReducedHistory
GOOGAlphabet Inc.Stock2,028,911$317.0M0.4%−15,245−0.7%ReducedHistory
BACBank of America CorpStock7,419,760$309.6M0.4%+128,504+1.8%AddedHistory
KOCoca Cola CoStock4,322,870$309.6M0.4%−81,146−1.8%ReducedHistory
Vanguard Total World Stock ETF922042742ETF2,653,827$307.7M0.4%+268,091+11.2%Added–
MCDMcDonalds CorpStock982,337$306.9M0.4%−32,295−3.2%ReducedHistory
iShares Core S&P Mid-Cap ETF464287507ETF5,098,891$297.5M0.4%+188,515+3.8%Added–
State Street Technology Select Sector SPDR ETF81369Y803ETF1,420,618$293.3M0.4%−17,592−1.2%Reduced–
Schwab International Equity ETF808524805ETF14,518,942$287.2M0.4%−685,971−4.5%Reduced–
MPCMarathon Petroleum CorpStock1,871,971$272.7M0.4%−39,332−2.1%ReducedHistory
PEPPepsiCo IncStock1,792,716$268.8M0.4%−85,150−4.5%ReducedHistory
ECLEcolab Inc.Stock1,040,872$263.9M0.4%−28,807−2.7%ReducedHistory
Vanguard S&P 500 ETF922908363ETF482,425$247.9M0.3%−3,313−0.7%Reduced–
PANWPalo Alto Networks IncStock1,429,519$243.9M0.3%+100,765+7.6%AddedHistory
CSCOCisco Systems, Inc.Stock3,946,235$243.5M0.3%−75,815−1.9%ReducedHistory
ORCLOracle CorpStock1,667,774$233.2M0.3%+97,480+6.2%AddedHistory
AMTAmerican Tower CorpREIT1,060,877$230.8M0.3%−35,277−3.2%ReducedHistory
AMGNAmgen IncStock731,073$227.8M0.3%−6,952−0.9%ReducedHistory
EMREmerson Electric CoStock2,075,963$227.6M0.3%−164,711−7.4%ReducedHistory
GLDSPDR Gold TrustETF765,057$220.4M0.3%+69,939+10.1%AddedHistory
NEENextera Energy IncStock2,960,952$209.9M0.3%−105,085−3.4%ReducedHistory
AVGOBroadcom Inc.Stock1,222,848$204.7M0.3%+23,788+2.0%AddedHistory
BLKBlackRock, Inc.Stock215,556$204.0M0.3%+2,613+1.2%AddedHistory
QCOMQualcomm IncStock1,294,329$198.8M0.3%−19,973−1.5%ReducedHistory
Vanguard Index FDS922908652EXTEND MKT ETF1,136,682$195.8M0.3%−12,915−1.1%Reduced–
SCHWSchwab Charles CorpStock2,479,809$194.1M0.3%+44,395+1.8%AddedHistory
UNPUnion Pacific CorpStock812,208$191.9M0.3%−14,428−1.7%ReducedHistory
HONHoneywell International IncCOM881,565$186.7M0.2%−26,594−2.9%ReducedHistory
iShares Tr464287622RUS 1000 ETF605,556$185.7M0.2%+35,104+6.2%Added–
CBChubb LtdStock615,064$185.7M0.2%−17,903−2.8%ReducedHistory
iShares Russell Mid-Cap Growth ETF464287481ETF1,561,171$183.4M0.2%+75,807+5.1%Added–
Vanguard Mun BD FDS922907746TAX EXEMPT BD3,565,817$176.9M0.2%−17,884−0.5%Reduced–
TGTTarget CorpStock1,685,446$175.9M0.2%−239,145−12.4%ReducedHistory
CATCaterpillar IncStock530,597$175.0M0.2%−18,185−3.3%ReducedHistory
ADPAutomatic Data Processing IncStock561,718$171.6M0.2%−8,136−1.4%ReducedHistory
iShares Tr464288521CRE U S REIT ETF2,916,203$168.0M0.2%+140,593+5.1%Added–
WFCWells Fargo & CompanyStock2,308,710$165.7M0.2%−38,463−1.6%ReducedHistory
MRKMerck & Co., Inc.Stock1,817,474$163.1M0.2%−94,723−5.0%ReducedHistory
iShares Russell 1000 Value ETF464287598ETF848,496$159.7M0.2%−10,128−1.2%Reduced–
NOWServiceNow, Inc.Stock198,694$158.2M0.2%+10,017+5.3%AddedHistory
LINLinde PLCStock335,578$156.3M0.2%+26,106+8.4%AddedHistory
Vanguard Morningstar Value ETF922908744ETF892,175$154.1M0.2%−22,493−2.5%Reduced–
TXNTexas Instruments IncStock850,550$152.8M0.2%−52,053−5.8%ReducedHistory
iShares Tr464288885EAFE GRWTH ETF1,516,998$151.7M0.2%−124,561−7.6%Reduced–
iShares Select Dividend ETF464287168ETF1,122,887$150.8M0.2%−2,628−0.2%Reduced–
iShares S&P 500 Growth ETF464287309ETF1,602,454$148.8M0.2%−56,020−3.4%Reduced–
iShares Tr46428743220 YR TR BD ETF1,601,213$145.8M0.2%−95,838−5.6%Reduced–
iShares Tr464287234MSCI EMG MKT ETF3,268,410$142.8M0.2%−9,746−0.3%Reduced–
TRVTravelers Companies, Inc.Stock532,173$140.7M0.2%−10,840−2.0%ReducedHistory
TDGTransDigm Group INCCOM99,262$137.3M0.2%+1,525+1.6%AddedHistory
IBMInternational Business Machines CorpStock546,215$135.8M0.2%−11,521−2.1%ReducedHistory

Options (17)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of US Bancorp in Q1 2025
SecurityClassPutsCalls
LLYEli Lilly & CoStock$9.06M–
SPYSPDR S&P 500 ETF TrustETF$741.4K$101.4K
Invesco QQQ Trust Series I46090E103ETF–$84.9K
EMREmerson Electric CoStock$62.9K–
MSFTMicrosoft CorpStock$57.7K–
TSLATesla, Inc.Stock–$55.4K
LOWLowes Companies IncStock$45.9K–
MMM3M CoStock$44.7K–
AAPLApple Inc.Stock$30.0K–
JNJJohnson & JohnsonStock$28.0K–
JPMJPMorgan Chase & CoStock$16.5K–
IBITiShares Bitcoin Trust ETFETF–$7.75K
ADPAutomatic Data Processing IncStock$4.88K–
Vanguard Dividend Appreciation ETF921908844ETF$4.11K–
iShares MSCI Eafe ETF464287465ETF$3.55K–
iShares Tr464287234MSCI EMG MKT ETF$2.37K–
NVDANVIDIA CorpStock–$350

Sold out since Q4 2024 (261)

Positions held at the end of Q4 2024 that are gone from this filing.

The largest 100 of 261 by value last quarter.

Positions of US Bancorp sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
AZPNAspen Technology, Inc.COM12,698$3.17M<0.1%History
QGENQiagen N.V.Stock70,600$3.14M<0.1%History
GEARRevelyst, Inc.COM SHS62,614$1.20M<0.1%History
Angel Oak Funds Trust03463K752OAK ULTRASHORT19,500$995.8K<0.1%–
MTTRMatterport, Inc.COM CL A122,205$579.3K<0.1%History
HTLFHeartland Financial USA IncCOM8,060$494.2K<0.1%History
AIRGAirgain IncCOM64,266$453.7K<0.1%History
iShares Inc464286475EM MKT SM-CP ETF7,750$450.6K<0.1%–
IBTXIndependent Bank Group, Inc.COM6,615$401.3K<0.1%History
CNRCore Natural Resources, Inc.COM3,582$382.1K<0.1%History
SUMSummit Materials, Inc.CL A7,070$357.7K<0.1%History
Trust for Professional Manag89834G778CROSSINGBRDG PRE13,111$270.9K<0.1%–
ENVAEnova International, Inc.COM2,137$204.9K<0.1%History
ALITAlight, Inc. / DelawareCOM CL A23,980$165.9K<0.1%History
MUIBlackRock Municipal Credit Alpha Portfolio, Inc.COM12,400$150.3K<0.1%History
ALTRAltair Engineering Inc.COM CL A1,277$139.3K<0.1%History
ALTMArcadium Lithium plcStock24,162$124.0K<0.1%History
AMBPArdagh Metal Packaging S.A.SHS39,314$118.3K<0.1%History
AEHRAehr Test SystemsCOM6,832$113.6K<0.1%History
Barnes Group Inc067806109COM2,325$109.9K<0.1%–
SPDR Series Trust78468R523ST STR BL 12 ETF1,100$109.1K<0.1%–
SMARSmartsheet IncCOM CL A1,675$93.8K<0.1%History
Franklin Templeton ETF Tr35473P504LIBERTY US ETF1,381$76.5K<0.1%–
INSIInsight Select Income FundCOM4,066$70.5K<0.1%History
DISH Network CORP25470MAB5NOTE 3.375% 8/1–$68.1K<0.1%–
OUTOUTFRONT Media Inc.COM3,757$66.6K<0.1%History
Despegar Com CorpG27358103ORD SHS3,372$64.9K<0.1%–
Invesco Exchange Traded FD T46137V639AI AND NEXT GEN1,410$63.8K<0.1%–
NARIInari Medical, Inc.Stock1,207$61.6K<0.1%History
Zillow Group, Inc.98954MAH4NOTE 2.750% 5/1–$59.0K<0.1%–
ZIPZiprecruiter, Inc.CL A7,696$55.7K<0.1%History
Vanguard Wellington FD921935870SHORT TRM TAX EX550$55.1K<0.1%–
Burlington Stores, Inc.122017AB2NOTE 2.250% 4/1–$53.3K<0.1%–
Ford MTR Co Del345370CZ1NOTE 3/1–$53.2K<0.1%–
INFNInfinera CorpCOM8,079$53.1K<0.1%History
RingCentral, Inc.76680RAF4NOTE 3/0–$51.3K<0.1%–
Nuvasive Inc670704AJ4NOTE 0.375% 3/1–$50.4K<0.1%–
Tidal Tr II88636J444YIELDMAX TSLA OP3,302$47.1K<0.1%–
First Tr Exchange-Traded FD33734X168MATERIALS ALPH825$46.9K<0.1%–
DBX ETF Tr233051705XTRACK MUN INFRA1,794$45.3K<0.1%–
iShares Inc464286392MSCI WORLD ETF290$45.1K<0.1%–
BGXBlackstone Long-Short Credit Income FundCOM SHS BN INT3,604$44.8K<0.1%History
BGBBlackstone Strategic Credit 2027 Term FundCOM SHS BEN IN3,649$44.6K<0.1%History
Yieldmax MSTR Option Income Strategy ETF88634T493ETF1,696$44.6K<0.1%–
ROICRetail Opportunity Investments CorpCOM2,521$43.8K<0.1%History
Invesco Rafi Developed Markets Ex-U.S. Small-Mid ETF46138E735ETF1,371$43.4K<0.1%–
Columbia ETF Tr I19761L706RESH ENHNC COR1,224$42.4K<0.1%–
NVRONevro CorpCOM11,348$42.2K<0.1%History
PFCPremier Financial CorpCOM1,641$42.0K<0.1%History
Invesco Exch Traded FD Tr II46138G805TAXABLE MUN BD1,500$39.2K<0.1%–
BOILProShares Trust IIETF700$39.1K<0.1%History
GDVGabelli Dividend & Income TrustCOM1,600$38.6K<0.1%History
J P Morgan Exchange Traded F46641Q308DIV RTN EM EQT700$36.3K<0.1%–
ARDTArdent Health, Inc.COM1,834$31.3K<0.1%History
ENLCEnLink Midstream, LLCCOM UNIT REP LTD2,000$28.3K<0.1%History
iShares Tr46429B291A RATE CP BD ETF600$28.1K<0.1%–
MASS908 Devices Inc.COM12,688$27.9K<0.1%History
EGANEGAIN CorpCOM NEW4,417$27.5K<0.1%History
BBNBlackRock Taxable Municipal Bond TrustSHS1,690$27.2K<0.1%History
VanEck ETF Trust92189H607OIL SERVICES ETF97$26.3K<0.1%–
Invesco Exch Traded FD Tr II46138E610KBW HIG DV YLD1,793$26.3K<0.1%–
Hartford FDS Exchange Traded41653L305TOTAL RTRN ETF769$25.6K<0.1%–
ProShares Tr74347R214PSHS ULT NASB500$25.3K<0.1%–
ARCHArch Resources, Inc.CL A177$25.0K<0.1%History
ProShares Tr74347X799ULTR RUSSL2000507$24.9K<0.1%–
SPDR Index Shs FDS78463X152ST STR SP N AM467$23.9K<0.1%–
MRSNMersana Therapeutics, Inc.COM16,178$23.1K<0.1%History
DOOBRP Inc.COM SUN VTG407$20.7K<0.1%History
JVACoffee Holding Co IncCOM6,000$20.5K<0.1%History
Global X FDS37954Y624AUTONMOUS EV ETF880$20.2K<0.1%–
Innovator ETFs Trust45782C284US SML CP PWR B674$19.8K<0.1%–
Snap Inc83304AAB2NOTE 0.750% 8/0–$19.4K<0.1%–
iShares Tr464289842MSCI PERU GL ETF481$19.1K<0.1%–
Global X FDS37954Y632ARTIFICIAL ETF450$17.4K<0.1%–
Exchange Traded Concepts Tru301505889EMQQ EME MAR ETF503$17.3K<0.1%–
KYTXKyverna Therapeutics, Inc.COM4,600$17.2K<0.1%History
Janus Detroit STR Tr47103U100HENDERSN CAP ETF259$17.0K<0.1%–
HCPHashiCorp, Inc.COM CL A487$16.7K<0.1%History
Euronet Worldwide, Inc.298736AL3NOTE 0.750% 3/1–$14.8K<0.1%–
T Rowe Price Exchange-Traded87283Q867CAP APPRECIATION444$14.8K<0.1%–
SIGASiga Technologies IncCOM2,414$14.5K<0.1%History
ASAIYSendas Distributor S.A.SPON ADS3,184$14.2K<0.1%History
Invesco Exchange Traded FD T46137V662PHARMACEUTICALS165$13.6K<0.1%–
Bondbloxx ETF Trust09789C861BLOOMBERG ONE YR275$13.6K<0.1%–
Global X FDS37954Y830GLOBAL X COPPER348$13.3K<0.1%–
Invesco Exch TRD SLF Idx FD46138J437INTL DEV DYNAMIC565$13.3K<0.1%–
Goldman Sachs ETF Tr38149W630NASDA 100 ETF268$13.1K<0.1%–
Xtrackers International Real Estate ETF233051846ETF645$12.8K<0.1%–
First Tr Exchange Traded FD33738R696DORSEYWRIGHT MOM316$11.9K<0.1%–
BWMNBowman Consulting Group Ltd.COM474$11.8K<0.1%History
BCALCalifornia BanCorpCOM700$11.6K<0.1%History
RICKRci Hospitality Holdings, Inc.COM200$11.5K<0.1%History
First Tr Exchng Traded FD VI33740U752FT VEST NASD ETF365$11.5K<0.1%–
ONITOnity Group Inc.COM NEW370$11.4K<0.1%History
iShares Tr464287390LATN AMER 40 ETF542$11.3K<0.1%–
First Tr Exchng Traded FD VI33740U703FT VEST DEEP ETF441$11.3K<0.1%–
XPELXPEL, Inc.COM270$10.8K<0.1%History
FLG.PUFlagstar Bank, National AssociationUNIT 11/01/2051287$10.8K<0.1%History
Schwab Fundamental International Small Equity ETF808524748ETF314$10.7K<0.1%–
First Tr Exchange-Traded FD33736Q104UT COM SHS ETF191$10.6K<0.1%–