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US Bancorp

SEC CIK
0000036104
Latest filing
Aug 12, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Jul 24, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
4,143
−23 vs. Q1 2025
Portfolio value
$79.4B
+$4.59B (+6.1%) vs. Q1 2025
Filed
Jul 24, 2025
SEC
Holdings of US Bancorp in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Schwab U.S. Large-Cap ETF808524201ETF206,409,170$5.04B6.4%−10,792,223−5.0%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF43,988,044$4.36B5.5%+9,922,958+29.1%Added–
iShares Core S&P 500 ETF464287200ETF5,894,564$3.66B4.6%−209,766−3.4%Reduced–
iShares Core MSCI Eafe ETF46432F842ETF34,386,264$2.87B3.6%+239,082+0.7%Added–
MSFTMicrosoft CorpStock5,518,783$2.75B3.5%−112,976−2.0%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF4,414,999$2.73B3.4%−34,039−0.8%ReducedHistory
AAPLApple Inc.Stock10,690,172$2.19B2.8%−245,432−2.2%ReducedHistory
iShares Core MSCI Emerging Markets ETF46434G103ETF27,716,653$1.66B2.1%+641,594+2.4%Added–
iShares Russell Midcap ETF464287499ETF13,918,489$1.28B1.6%−5,406,962−28.0%Reduced–
AMZNAmazon Com IncStock5,759,505$1.26B1.6%−5,121−0.1%ReducedHistory
NVDANVIDIA CorpStock7,983,154$1.26B1.6%+74,427+0.9%AddedHistory
Vanguard Morningstar Mid-Cap ETF922908629ETF4,241,845$1.19B1.5%+4,089,100+2,677.1%Added–
JPMJPMorgan Chase & CoStock3,726,019$1.08B1.4%−73,184−1.9%ReducedHistory
GOOGLAlphabet Inc.Stock6,085,810$1.07B1.4%−31,348−0.5%ReducedHistory
LLYEli Lilly & CoStock1,372,106$1.07B1.3%−61,987−4.3%ReducedHistory
iShares Tr464288877EAFE VALUE ETF13,614,142$864.2M1.1%+540,216+4.1%Added–
iShares Tr464288414NATIONAL MUN ETF7,341,914$767.1M1.0%+1,877,664+34.4%Added–
Invesco QQQ Trust Series I46090E103ETF1,370,724$756.1M1.0%+19,915+1.5%Added–
METAMeta Platforms, Inc.Stock926,610$683.9M0.9%+17,478+1.9%AddedHistory
iShares MSCI Eafe ETF464287465ETF7,452,481$666.2M0.8%−52,266−0.7%Reduced–
Vanguard Ftse Developed Markets ETF921943858ETF11,599,538$661.3M0.8%−4,009,547−25.7%Reduced–
BRK.ABerkshire Hathaway IncCL A901$656.6M0.8%00.0%UnchangedHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF2,144,830$651.9M0.8%−72,248−3.3%Reduced–
Schwab U.S. REIT ETF808524847ETF30,541,227$646.3M0.8%+724,757+2.4%Added–
BRK.BBerkshire Hathaway IncStock1,301,455$632.2M0.8%+3,271+0.3%AddedHistory
PGProcter & Gamble CoStock3,840,346$611.8M0.8%−70,536−1.8%ReducedHistory
MDYSPDR S&P Midcap 400 ETF TrustETF1,015,783$575.4M0.7%−19,868−1.9%ReducedHistory
iShares Russell 2000 ETF464287655ETF2,663,880$574.8M0.7%−1,305,159−32.9%Reduced–
WMTWalmart Inc.Stock5,877,320$574.7M0.7%−173,122−2.9%ReducedHistory
iShares Core S&P Small Cap ETF464287804ETF5,024,941$549.2M0.7%−131,872−2.6%Reduced–
iShares Core MSCI Total International Stock ETF46432F834ETF6,788,647$524.8M0.7%−249,806−3.5%Reduced–
COSTCostco Wholesale CorpStock521,388$516.2M0.6%−11,011−2.1%ReducedHistory
HDHome Depot, Inc.Stock1,399,018$512.9M0.6%+838+0.1%AddedHistory
MAMastercard IncStock889,617$499.9M0.6%−9,183−1.0%ReducedHistory
ABBVAbbVie Inc.Stock2,430,949$451.2M0.6%−39,226−1.6%ReducedHistory
Vanguard Real Estate ETF922908553ETF5,051,917$449.9M0.6%+10,274+0.2%Added–
iShares Russell 1000 Growth ETF464287614ETF1,038,054$440.7M0.6%−21,580−2.0%Reduced–
Vanguard Scottsdale FDS92206C664VNG RUS2000IDX4,540,819$396.1M0.5%+4,528,560+36,940.7%Added–
JNJJohnson & JohnsonStock2,591,425$395.8M0.5%−12,432−0.5%ReducedHistory
ABTAbbott LaboratoriesStock2,870,124$390.4M0.5%−50,033−1.7%ReducedHistory
XOMExxonMobil Holdings CorpCOM3,509,802$378.4M0.5%−62,826−1.8%ReducedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF7,488,072$370.4M0.5%+113,498+1.5%Added–
ORCLOracle CorpStock1,667,934$364.7M0.5%+1600.0%AddedHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF1,409,065$356.8M0.4%−11,553−0.8%Reduced–
VVisa Inc.Stock1,002,899$356.1M0.4%−8,816−0.9%ReducedHistory
Vanguard Total World Stock ETF922042742ETF2,769,081$355.9M0.4%+115,254+4.3%Added–
GOOGAlphabet Inc.Stock1,976,777$350.7M0.4%−52,134−2.6%ReducedHistory
BACBank of America CorpStock7,340,608$347.4M0.4%−79,152−1.1%ReducedHistory
AVGOBroadcom Inc.Stock1,247,384$343.8M0.4%+24,536+2.0%AddedHistory
PCARPaccar IncCOM3,604,005$342.6M0.4%−19,065−0.5%ReducedHistory
MMM3M CoStock2,246,996$342.1M0.4%−40,822−1.8%ReducedHistory
USBUS Bancorp DECOM NEW7,386,227$334.2M0.4%−218,852−2.9%ReducedHistory
ACNAccenture plcStock1,096,904$327.9M0.4%−10,216−0.9%ReducedHistory
UNHUnitedHealth Group IncStock1,040,644$324.7M0.4%−54,113−4.9%ReducedHistory
iShares Core S&P Mid-Cap ETF464287507ETF5,212,331$323.3M0.4%+113,440+2.2%Added–
CVXChevron CorpStock2,183,593$312.7M0.4%−38,687−1.7%ReducedHistory
KOCoca Cola CoStock4,272,817$302.3M0.4%−50,053−1.2%ReducedHistory
iShares Russell Mid-Cap Value ETF464287473ETF2,284,750$301.9M0.4%−2,070,502−47.5%Reduced–
Schwab International Equity ETF808524805ETF13,545,100$299.3M0.4%−973,842−6.7%Reduced–
MPCMarathon Petroleum CorpStock1,735,139$288.2M0.4%−136,832−7.3%ReducedHistory
MCDMcDonalds CorpStock966,300$282.3M0.4%−16,037−1.6%ReducedHistory
Vanguard S&P 500 ETF922908363ETF495,709$281.6M0.4%+13,284+2.8%Added–
PANWPalo Alto Networks IncStock1,356,098$277.5M0.3%−73,421−5.1%ReducedHistory
EMREmerson Electric CoStock2,058,062$274.4M0.3%−17,901−0.9%ReducedHistory
ECLEcolab Inc.Stock1,009,118$271.9M0.3%−31,754−3.1%ReducedHistory
CSCOCisco Systems, Inc.Stock3,898,096$270.5M0.3%−48,139−1.2%ReducedHistory
GLDSPDR Gold TrustETF767,160$233.9M0.3%+2,103+0.3%AddedHistory
PEPPepsiCo IncStock1,718,423$226.9M0.3%−74,293−4.1%ReducedHistory
AMTAmerican Tower CorpREIT1,015,529$224.5M0.3%−45,348−4.3%ReducedHistory
iShares Tr464287622RUS 1000 ETF659,590$224.0M0.3%+54,034+8.9%Added–
BLKBlackRock, Inc.Stock212,213$222.7M0.3%−3,343−1.6%ReducedHistory
iShares Russell Mid-Cap Growth ETF464287481ETF1,572,826$218.1M0.3%+11,655+0.7%Added–
SCHWSchwab Charles CorpStock2,366,170$215.9M0.3%−113,639−4.6%ReducedHistory
NOWServiceNow, Inc.Stock201,417$207.1M0.3%+2,723+1.4%AddedHistory
HONHoneywell International IncCOM871,114$202.9M0.3%−10,451−1.2%ReducedHistory
NEENextera Energy IncStock2,914,327$202.3M0.3%−46,625−1.6%ReducedHistory
CATCaterpillar IncStock518,577$201.3M0.3%−12,020−2.3%ReducedHistory
QCOMQualcomm IncStock1,260,982$200.8M0.3%−33,347−2.6%ReducedHistory
AMGNAmgen IncStock709,668$198.1M0.2%−21,405−2.9%ReducedHistory
Vanguard Mun BD FDS922907746TAX EXEMPT BD3,943,092$193.3M0.2%+377,275+10.6%Added–
Vanguard Index FDS922908652EXTEND MKT ETF997,673$192.3M0.2%−139,009−12.2%Reduced–
UNPUnion Pacific CorpStock793,666$182.6M0.2%−18,542−2.3%ReducedHistory
WFCWells Fargo & CompanyStock2,271,601$182.0M0.2%−37,109−1.6%ReducedHistory
NFLXNetflix IncStock131,686$176.3M0.2%+12,399+10.4%AddedHistory
CBChubb LtdStock603,120$174.7M0.2%−11,944−1.9%ReducedHistory
ADPAutomatic Data Processing IncStock554,337$171.0M0.2%−7,381−1.3%ReducedHistory
TXNTexas Instruments IncStock817,701$169.8M0.2%−32,849−3.9%ReducedHistory
iShares Tr464288885EAFE GRWTH ETF1,474,234$165.1M0.2%−42,764−2.8%Reduced–
iShares Russell 1000 Value ETF464287598ETF845,854$164.3M0.2%−2,642−0.3%Reduced–
iShares Tr464288521CRE U S REIT ETF2,852,126$161.3M0.2%−64,077−2.2%Reduced–
AMDAdvanced Micro Devices IncStock1,135,609$161.1M0.2%−10,536−0.9%ReducedHistory
iShares Tr464287234MSCI EMG MKT ETF3,308,587$159.6M0.2%+40,177+1.2%Added–
IBMInternational Business Machines CorpStock539,356$159.0M0.2%−6,859−1.3%ReducedHistory
LINLinde PLCStock333,856$156.6M0.2%−1,722−0.5%ReducedHistory
Vanguard Morningstar Value ETF922908744ETF884,249$156.3M0.2%−7,926−0.9%Reduced–
iShares Select Dividend ETF464287168ETF1,137,906$151.1M0.2%+15,019+1.3%Added–
TDGTransDigm Group INCCOM99,355$151.1M0.2%+93+0.1%AddedHistory
TGTTarget CorpStock1,530,193$151.0M0.2%−155,253−9.2%ReducedHistory
iShares S&P 500 Growth ETF464287309ETF1,350,593$148.7M0.2%−251,861−15.7%Reduced–
UBERUber Technologies, IncStock1,578,850$147.3M0.2%+33,463+2.2%AddedHistory

Options (12)

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 Q2 2025
SecurityClassPutsCalls
LLYEli Lilly & CoStock$5.66M–
SPYSPDR S&P 500 ETF TrustETF$104.1K–
AAPLApple Inc.Stock$41.1K–
JNJJohnson & JohnsonStock$25.5K–
MMM3M CoStock$19.8K–
LOWLowes Companies IncStock$15.8K–
Invesco QQQ Trust Series I46090E103ETF$13.6K–
BOXBox IncCL A$500–
iShares Tr464287234MSCI EMG MKT ETF$96–
iShares MSCI Eafe ETF464287465ETF$36–
MSFTMicrosoft CorpStock$6–
ADPAutomatic Data Processing IncStock$1–

Sold out since Q1 2025 (228)

Positions held at the end of Q1 2025 that are gone from this filing.

The largest 100 of 228 by value last quarter.

Positions of US Bancorp sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
DFSDiscover Financial ServicesCOM35,626$6.08M<0.1%History
JWNNordstrom IncStock58,345$1.43M<0.1%History
VanEck ETF Trust92189H748CLO ETF17,837$942.5K<0.1%–
VISTVista Energy, S.A.B. de C.V.SPONSORED ADS15,107$703.4K<0.1%History
BECNQxo Building Products, Inc.COM5,293$654.7K<0.1%History
BERYBerry Global Group, Inc.COM8,952$624.9K<0.1%History
Barrick Gold Corp067901108COM29,931$581.9K<0.1%–
ACCDAccolade, Inc.COM75,539$527.3K<0.1%History
XUnited States Steel CorpCOM9,561$404.0K<0.1%History
PYCRPaycor HCM, Inc.COM17,864$400.9K<0.1%History
PDCOPatterson Companies, Inc.COM12,421$388.0K<0.1%History
OUNZVanEck Merk Gold ETFGOLD SHS10,754$324.1K<0.1%History
SASRSandy Spring Bancorp IncCOM11,098$310.2K<0.1%History
ITCIIntra-Cellular Therapies, Inc.COM2,195$289.6K<0.1%History
BCSFBain Capital Specialty Finance, Inc.COM STK16,137$267.9K<0.1%History
PIMCO ETF Tr72201R643ENHANCD SHORT2,618$258.5K<0.1%–
CERSCerus CorpCOM170,000$236.3K<0.1%History
ProShares Tr74347R842PSHS ULTRUSS20005,341$178.6K<0.1%–
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund33939L597ESG & CLM DEVELP3,410$172.9K<0.1%–
Invesco Exch Traded FD Tr II46138E115S&P SMLCP INFO4,239$169.9K<0.1%–
Flexshares Tr33939L613ESG & CLM US LRG2,552$158.4K<0.1%–
TCW ETF Trust29287L700FLEXIBLE INCOME3,841$150.5K<0.1%–
PTACohen & Steers Tax-Advantaged Preferred Securities & Income FundCOM6,000$116.6K<0.1%History
TBNKTerritorial Bancorp Inc.COM11,700$98.0K<0.1%History
HESMHess Midstream LPCL A SHS2,010$85.0K<0.1%History
SOCSable Offshore Corp.COM SHS3,281$83.2K<0.1%History
JAKKJakks Pacific IncCOM NEW3,181$78.5K<0.1%History
CWHCamping World Holdings, Inc.CL A4,446$71.8K<0.1%History
MCFTMasterCraft Boat Holdings, Inc.COM4,163$71.7K<0.1%History
HGHamilton Insurance Group, Ltd.CL B3,313$68.7K<0.1%History
TASKTaskUs, Inc.CLASS A COM5,001$68.2K<0.1%History
Pgim ETF Tr69344A107PGIM ULTRA SH BD1,214$60.4K<0.1%–
BHKBlackRock Core Bond TrustSHS BEN INT5,000$54.3K<0.1%History
Simplify Exchange Traded Fun82889N202US EQT PLS DWNSD1,707$52.8K<0.1%–
MMLPMartin Midstream Partners L.P.UNIT L P INT14,000$50.4K<0.1%History
AMPSAltus Power, Inc.COM CL A9,526$47.2K<0.1%History
USALiberty All Star Equity FundSH BEN INT6,500$42.6K<0.1%History
BYMBlackRock Municipal Income Quality TrustCOM3,907$42.1K<0.1%History
LEGTLegato Merger Corp. IIIORD SHS3,890$40.8K<0.1%History
Booking Holdings Inc.09857LAN8NOTE 0.750% 5/0–$39.3K<0.1%–
Dimensional ETF Trust25434V740EMERGING MKTS VA1,407$38.1K<0.1%–
SABASaba Capital Income & Opportunities Fund IICOM NEW4,007$34.9K<0.1%History
HEESH&E Equipment Services, Inc.COM339$32.1K<0.1%History
Vanguard Admiral FDS Inc921932844MIDCP 400 VAL343$31.6K<0.1%–
Nushares ETF Tr67092P508NUVEEN ESG MIDVL884$30.2K<0.1%–
CGENCompugen LtdORD20,000$29.2K<0.1%History
LBLandBridge Co LLCCL A386$27.8K<0.1%History
CLMBClimb Global Solutions, Inc.COM250$27.7K<0.1%History
BITBlackRock Multi-Sector Income TrustCOM1,820$26.4K<0.1%History
VKQInvesco Municipal TrustCOM2,700$26.1K<0.1%History
VMOInvesco Municipal Opportunity TrustCOM2,700$25.6K<0.1%History
MCHBMechanics BancorpCL A2,150$25.2K<0.1%History
iShares Tr46429B671MSCI CHINA ETF440$23.9K<0.1%–
RABrookfield Real Assets Income Fund Inc.SHS BEN INT1,792$23.6K<0.1%History
Dimensional ETF Trust25434V658GLOBAL REAL EST893$23.4K<0.1%–
Capital Grp Fixed Incm ETF T14020Y409SHORT DURATION878$22.7K<0.1%–
SPDR Index Shs FDS78463X400SP CHINA ETF260$22.4K<0.1%–
Southwest Airls Co844741BG2NOTE 1.250% 5/0–$21.9K<0.1%–
FARMFarmer Brothers CoCOM9,698$21.5K<0.1%History
Pacer Trendpilot 100 ETF69374H303ETF300$21.3K<0.1%–
Etfis Ser Tr I26923G822VIRTUS INFRCAP1,000$21.2K<0.1%–
TPVGTriplePoint Venture Growth BDC Corp.COM3,000$20.9K<0.1%History
ELVAElectrovaya Inc.COM NEW8,990$20.8K<0.1%History
BMEBlackRock Health Sciences TrustCOM529$20.4K<0.1%History
ETXEaton Vance Municipal Income 2028 Term TrustSHS1,100$20.1K<0.1%History
CMRXChimerix IncCOM2,349$20.0K<0.1%History
PIMCO ETF Tr72201R30415+ YR US TIPS358$19.6K<0.1%–
ALB.PAAlbemarle Corp7.25% DEP SHS A518$18.5K<0.1%History
FPFFirst Trust Intermediate Duration Preferred & Income FundCOM1,000$18.4K<0.1%History
HPE.PCHewlett Packard Enterprise Co7.625 MAND CONV380$18.1K<0.1%History
AMJBJPMorgan Chase & CoCAL LKD 44 ADDED500$16.2K<0.1%History
SPDR Ser Tr78468R655S&P KENSHO CLEAN300$15.1K<0.1%–
WTIW&T Offshore IncCOM9,551$14.8K<0.1%History
Franklin Templeton ETF Tr35473P868FRANKLIN DYN MUN585$14.3K<0.1%–
AHCOAdaptHealth Corp.COMMON STOCK1,297$14.1K<0.1%History
ATSGAir Transport Services Group, Inc.COM626$14.0K<0.1%History
ESTAEstablishment Labs Holdings Inc.COM319$13.0K<0.1%History
FGBFirst Trust Specialty Finance & Financial Opportunities FundCOM BEN INTR2,900$12.5K<0.1%History
SDHYPGIM Short Duration High Yield Opportunities FundCOM729$12.0K<0.1%History
FBMSFirst Bancshares IncCOM345$11.7K<0.1%History
FETForum Energy Technologies, Inc.COM520$10.5K<0.1%History
AIOTPowerfleet, Inc.COM1,817$9.97K<0.1%History
POWWOutdoor Holding CoCOM6,900$9.52K<0.1%History
CXMSprinklr, Inc.CL A1,116$9.32K<0.1%History
LGTYLogility Supply Chain Solutions, IncCL A641$9.14K<0.1%History
IVRInvesco Mortgage Capital Inc.COM1,138$8.98K<0.1%History
ZVIAZevia PBCCL A4,100$8.86K<0.1%History
Invesco Exch Traded FD Tr II46138G631NASDAQNXTGEN100300$8.70K<0.1%–
BDJBlackRock Enhanced Equity Dividend TrustCOM979$8.42K<0.1%History
SPDR Series Trust78464A581ST STR SP HCEQ100$8.22K<0.1%–
JLSNuveen Mortgage & Income FundCOM418$7.85K<0.1%History
Invesco Exch Traded FD Tr II46138G888SHORT TERM ETF74$7.81K<0.1%–
FSBWFS Bancorp, Inc.COM197$7.49K<0.1%History
FRSTPrimis Financial Corp.COM742$7.25K<0.1%History
Columbia ETF Tr II19762B707INDIA CONSMR ETF118$7.03K<0.1%–
Flexshares Tr33939L654US QT LW VLTY106$6.99K<0.1%–
RGCORGC Resources IncCOM327$6.82K<0.1%History
HNVRHanover Bancorp, Inc.COM NEW300$6.58K<0.1%History
VanEck ETF Trust92189F411BDC INCOME ETF389$6.52K<0.1%–
Lantheus Hldgs Inc516544AB9NOTE 2.625%12/1–$5.64K<0.1%–