US Bancorp

SEC CIK: 0000036104
Latest filing: Aug 12, 2026

SEC filings (opens in a new tab)

Holdings in Q2 2025

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

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
Security	Class	Shares	Value	% of portfolio	Share change	Action	History
MQTBlackRock Muniyield Quality Fund II, Inc.	COM	500	$4.82K	<0.1%	00.0%	Unchanged	History
HTZWWHertz Global Holdings, Inc	Common Stock	1,323	$4.83K	<0.1%	00.0%	Unchanged	History
ProShares Tr74349Y753	SHOR S&P 500 NEW	122	$4.84K	<0.1%	00.0%	Unchanged	–
Vail Resorts Inc91879QAN9	NOTE 1/0	–	$4.86K	<0.1%	–	–	–
CMRECostamare Inc.	SHS	535	$4.87K	<0.1%	−11,761−95.6%	Reduced	History
Tidal Trust II88636J600	ROUNDHILL GENER	100	$4.88K	<0.1%	+100	New	–
Vanguard Wellington FD921935706	US QUALITY	34	$4.89K	<0.1%	00.0%	Unchanged	–
Dexcom Inc252131AK3	NOTE 0.250%11/1	–	$4.91K	<0.1%	–	–	–
FROFrontline plc	COM	299	$4.91K	<0.1%	−435−59.3%	Reduced	History
CAFMorgan Stanley China A Share Fund, Inc.	COM	357	$4.92K	<0.1%	00.0%	Unchanged	History
NAMSNewAmsterdam Pharma Co N.V.	ORDINARY SHARES	272	$4.93K	<0.1%	−369−57.6%	Reduced	History
Integra Lifesciences Hldgs C457985AM1	NOTE 0.500% 8/1	–	$4.94K	<0.1%	–	–	–
Sapiens Intl Corp N VG7T16G103	SHS	169	$4.94K	<0.1%	−172−50.4%	Reduced	–
Dropbox, Inc.26210CAC8	NOTE 3/0	–	$4.94K	<0.1%	–	–	–
iShares Tr464288737	GLB CNSM STP ETF	76	$4.97K	<0.1%	00.0%	Unchanged	–
Manager Directed Portfolios56170L695	VERT GLB SUST RE	475	$4.97K	<0.1%	+475	New	–
SEI Exchange Traded Funds81589A106	QIM US LRG CAP Q	134	$4.98K	<0.1%	+134	New	–
iShares Tr46434V407	0-5YR HI YL CP	116	$5.00K	<0.1%	−310−72.8%	Reduced	–
SHIFT4 PMTS Inc82452JAB5	NOTE 12/1	–	$5.05K	<0.1%	–	–	–
VanEck ETF Trust92189H300	JP MRGAN EM LOC	200	$5.07K	<0.1%	+200	New	–
NWBINorthwest Bancshares, Inc.	COM	399	$5.10K	<0.1%	00.0%	Unchanged	History
State Street SPDR Bloomberg Emerging Markets Local Bond ETF78464A391	ETF	239	$5.12K	<0.1%	−1,102−82.2%	Reduced	–
LACLithium Americas Corp.	Stock	1,914	$5.13K	<0.1%	−754−28.3%	Reduced	History
INTAIntapp, Inc.	COM	100	$5.16K	<0.1%	−47−32.0%	Reduced	History
SBSISouthside Bancshares Inc	COM	176	$5.18K	<0.1%	00.0%	Unchanged	History
JKSJinkoSolar Holding Co., Ltd.	SPONSORED ADR	245	$5.20K	<0.1%	−413−62.8%	Reduced	History
iShares Inc464286426	MSCI EM ASIA ETF	63	$5.20K	<0.1%	00.0%	Unchanged	–
BRSPBrightSpire Capital, Inc.	COM CL A	1,030	$5.20K	<0.1%	+230+28.7%	Added	History
OISOil States International, Inc	COM	973	$5.21K	<0.1%	−1,368−58.4%	Reduced	History
LUNRIntuitive Machines, Inc.	CLASS A COM	484	$5.26K	<0.1%	+169+53.7%	Added	History
VYXNCR Voyix Corp	COM	449	$5.27K	<0.1%	−8,125−94.8%	Reduced	History
IBRXImmunityBio, Inc.	COM	2,000	$5.28K	<0.1%	−791−28.3%	Reduced	History
ACADAcadia Pharmaceuticals Inc	COM	245	$5.29K	<0.1%	−32,469−99.3%	Reduced	History
IAInnovative Solutions & Support Inc	COM	383	$5.32K	<0.1%	00.0%	Unchanged	History
CEVACeva Inc	COM	247	$5.43K	<0.1%	−790−76.2%	Reduced	History
ARVNArvinas, Inc.	COM	740	$5.45K	<0.1%	−321−30.3%	Reduced	History
Engine No 1 ETF Trust29287L106	TRANSFRM 500 ETF	75	$5.46K	<0.1%	−25−25.0%	Reduced	–
PLPlanet Labs PBC	COM CL A	900	$5.49K	<0.1%	+583+183.9%	Added	History
KLCKinderCare Learning Companies, Inc.	COM	544	$5.50K	<0.1%	+544	New	History
BTABlackRock Long-Term Municipal Advantage Trust	COM	600	$5.50K	<0.1%	00.0%	Unchanged	History
RWTRedwood Trust Inc	COM	933	$5.51K	<0.1%	−506−35.2%	Reduced	History
EFCEllington Financial Inc.	COM	427	$5.55K	<0.1%	−316−42.5%	Reduced	History
CDLXCardlytics, Inc.	COM	3,403	$5.60K	<0.1%	+711+26.4%	Added	History
MYPSPLAYSTUDIOS, Inc.	CLASS A COM	4,278	$5.60K	<0.1%	−422−9.0%	Reduced	History
Nutanix, Inc.67059NAH1	NOTE 0.250%10/0	–	$5.63K	<0.1%	–	–	–
GERNGeron Corp	COM	4,000	$5.64K	<0.1%	−133−3.2%	Reduced	History
NLOPNet Lease Office Properties	COM	174	$5.66K	<0.1%	−9−4.9%	Reduced	History
XENEXenon Pharmaceuticals Inc.	COM	181	$5.67K	<0.1%	−94−34.2%	Reduced	History
Halozyme Therapeutics, Inc.40637HAF6	NOTE 1.000% 8/1	–	$5.69K	<0.1%	–	–	–
Post Hldgs Inc737446AT1	NOTE 2.500% 8/1	–	$5.71K	<0.1%	–	–	–
EQBKEquity Bancshares Inc	COM CL A	140	$5.71K	<0.1%	+4+2.9%	Added	History
LPGDorian LPG Ltd.	SHS USD	235	$5.73K	<0.1%	+156+197.5%	Added	History
EOIEaton Vance Enhanced Equity Income Fund	COM	274	$5.73K	<0.1%	00.0%	Unchanged	History
LEVILevi Strauss & Co	CL A COM STK	311	$5.75K	<0.1%	−94−23.2%	Reduced	History
ASCArdmore Shipping Corp	COM	601	$5.77K	<0.1%	+72+13.6%	Added	History
Haemonetics Corp Mass405024AB6	NOTE 3/0	–	$5.78K	<0.1%	–	–	–
Goldman Sachs ETF Tr381430404	ACTIVEBETA JAP	138	$5.79K	<0.1%	+138	New	–
Amplify ETF Tr032108557	ETHO CLI LEA ETF	100	$5.81K	<0.1%	00.0%	Unchanged	–
iShares Inc464286707	MSCI FRANCE ETF	136	$5.82K	<0.1%	00.0%	Unchanged	–
SPTSprout Social, Inc.	COM CL A	280	$5.86K	<0.1%	−1,531−84.5%	Reduced	History
VanEck ETF Trust92189F452	MORTGAGE REIT	555	$5.86K	<0.1%	−5,200−90.4%	Reduced	–
CBLLCeribell, Inc.	COM	313	$5.86K	<0.1%	+313	New	History
Lumentum Hldgs Inc55024UAD1	NOTE 0.500%12/1	–	$5.87K	<0.1%	–	–	–
TCMDTactile Systems Technology Inc	COM	581	$5.89K	<0.1%	00.0%	Unchanged	History
PSNLPersonalis, Inc.	COM	900	$5.90K	<0.1%	−100−10.0%	Reduced	History
Fidelity Covington Trust316092204	MSCI CONSM DIS	63	$5.93K	<0.1%	00.0%	Unchanged	–
Schwab Strategic Tr808524714	1 5YR CORP BD	240	$5.95K	<0.1%	00.0%	Unchanged	–
Uber Technologies, Inc90353TAJ9	NOTE 12/1	–	$5.99K	<0.1%	–	–	–
KALVKalVista Pharmaceuticals, Inc.	COM	533	$6.03K	<0.1%	−37−6.5%	Reduced	History
SPDR Series Trust78468R440	STATE STRET SPDR	222	$6.04K	<0.1%	00.0%	Unchanged	–
PCNPIMCO Corporate & Income Strategy Fund	COM	480	$6.09K	<0.1%	00.0%	Unchanged	History
DACDanaos Corp	SHS	71	$6.12K	<0.1%	−5−6.6%	Reduced	History
ACCOAcco Brands Corp	COM	1,711	$6.13K	<0.1%	+1,249+270.3%	Added	History
DRHDiamondRock Hospitality Co	COM	801	$6.14K	<0.1%	−584−42.2%	Reduced	History
Live Nation Entertainment IN538034BA6	NOTE 3.125% 1/1	–	$6.14K	<0.1%	–	–	–
Cheesecake Factory Inc163072AA9	NOTE 0.375% 6/1	–	$6.14K	<0.1%	–	–	–
Direxion Shs ETF Tr25459W458	DLY SCOND 3XBU	245	$6.15K	<0.1%	00.0%	Unchanged	–
DNLIDenali Therapeutics Inc.	COM	441	$6.17K	<0.1%	−93−17.4%	Reduced	History
Franklin Templeton ETF Tr35473P595	SENIOR LOAN ETF	255	$6.18K	<0.1%	00.0%	Unchanged	–
MISTMilestone Pharmaceuticals Inc.	COM	3,200	$6.21K	<0.1%	00.0%	Unchanged	History
WHWKWhitehawk Therapeutics, Inc.	COM	3,333	$6.23K	<0.1%	00.0%	Unchanged	History
TERNTerns Pharmaceuticals, Inc.	COM	1,671	$6.23K	<0.1%	−779−31.8%	Reduced	History
GPREGreen Plains Inc.	COM	1,035	$6.24K	<0.1%	+1,035	New	History
Capitol Ser Tr14064D444	STERLING CAP ENH	247	$6.24K	<0.1%	+247	New	–
HUMAHumacyte, Inc.	COM	2,991	$6.25K	<0.1%	+491+19.6%	Added	History
WisdomTree Tr97717W786	INTL DIV EX FINL	131	$6.31K	<0.1%	+131	New	–
FOLDAmicus Therapeutics, Inc.	COM	1,103	$6.32K	<0.1%	−249−18.4%	Reduced	History
BTMDbiote Corp.	CLASS A COM	1,575	$6.33K	<0.1%	−156−9.0%	Reduced	History
IBTAIbotta, Inc.	CLASS A COM SHS	173	$6.33K	<0.1%	+145+517.9%	Added	History
Apollo Global Mgmt Inc03769M304	SER A MAND CNV	85	$6.36K	<0.1%	−11−11.5%	Reduced	–
EGOEldorado Gold Corp	COM	313	$6.37K	<0.1%	00.0%	Unchanged	History
IGDVoya GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUND	COM	1,102	$6.39K	<0.1%	−749−40.5%	Reduced	History
HLITHarmonic Inc.	COM	678	$6.42K	<0.1%	−710−51.2%	Reduced	History
ROOTRoot, Inc.	CL A NEW	51	$6.53K	<0.1%	+38+292.3%	Added	History
Invesco Exch Traded FD Tr II46138E784	EMRNG MKT SVRG	320	$6.54K	<0.1%	+320	New	–
ETHGrayscale Ethereum Staking Mini ETF	SHS NEW	276	$6.55K	<0.1%	−25−8.3%	Reduced	History
EDITEditas Medicine, Inc.	COM	2,980	$6.56K	<0.1%	00.0%	Unchanged	History
CRMTAmericas Carmart Inc	COM	117	$6.56K	<0.1%	−4−3.3%	Reduced	History
PDTJohn Hancock Premium Dividend Fund	COM SH BEN INT	500	$6.58K	<0.1%	00.0%	Unchanged	History
DOOBRP Inc.	COM SUN VTG	137	$6.64K	<0.1%	+137	New	History

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
Security	Class	Puts	Calls
LLYEli Lilly & Co	Stock	$5.66M	–
SPYSPDR S&P 500 ETF Trust	ETF	$104.1K	–
AAPLApple Inc.	Stock	$41.1K	–
JNJJohnson & Johnson	Stock	$25.5K	–
MMM3M Co	Stock	$19.8K	–
LOWLowes Companies Inc	Stock	$15.8K	–
Invesco QQQ Trust Series I46090E103	ETF	$13.6K	–
BOXBox Inc	CL A	$500	–
iShares Tr464287234	MSCI EMG MKT ETF	$96	–
iShares MSCI Eafe ETF464287465	ETF	$36	–
MSFTMicrosoft Corp	Stock	$6	–
ADPAutomatic Data Processing Inc	Stock	$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
Security	Class	Shares in Q1 2025	Value in Q1 2025	% of portfolio in Q1 2025	History
DFSDiscover Financial Services	COM	35,626	$6.08M	<0.1%	History
JWNNordstrom Inc	Stock	58,345	$1.43M	<0.1%	History
VanEck ETF Trust92189H748	CLO ETF	17,837	$942.5K	<0.1%	–
VISTVista Energy, S.A.B. de C.V.	SPONSORED ADS	15,107	$703.4K	<0.1%	History
BECNQxo Building Products, Inc.	COM	5,293	$654.7K	<0.1%	History
BERYBerry Global Group, Inc.	COM	8,952	$624.9K	<0.1%	History
Barrick Gold Corp067901108	COM	29,931	$581.9K	<0.1%	–
ACCDAccolade, Inc.	COM	75,539	$527.3K	<0.1%	History
XUnited States Steel Corp	COM	9,561	$404.0K	<0.1%	History
PYCRPaycor HCM, Inc.	COM	17,864	$400.9K	<0.1%	History
PDCOPatterson Companies, Inc.	COM	12,421	$388.0K	<0.1%	History
OUNZVanEck Merk Gold ETF	GOLD SHS	10,754	$324.1K	<0.1%	History
SASRSandy Spring Bancorp Inc	COM	11,098	$310.2K	<0.1%	History
ITCIIntra-Cellular Therapies, Inc.	COM	2,195	$289.6K	<0.1%	History
BCSFBain Capital Specialty Finance, Inc.	COM STK	16,137	$267.9K	<0.1%	History
PIMCO ETF Tr72201R643	ENHANCD SHORT	2,618	$258.5K	<0.1%	–
CERSCerus Corp	COM	170,000	$236.3K	<0.1%	History
ProShares Tr74347R842	PSHS ULTRUSS2000	5,341	$178.6K	<0.1%	–
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund33939L597	ESG & CLM DEVELP	3,410	$172.9K	<0.1%	–
Invesco Exch Traded FD Tr II46138E115	S&P SMLCP INFO	4,239	$169.9K	<0.1%	–
Flexshares Tr33939L613	ESG & CLM US LRG	2,552	$158.4K	<0.1%	–
TCW ETF Trust29287L700	FLEXIBLE INCOME	3,841	$150.5K	<0.1%	–
PTACohen & Steers Tax-Advantaged Preferred Securities & Income Fund	COM	6,000	$116.6K	<0.1%	History
TBNKTerritorial Bancorp Inc.	COM	11,700	$98.0K	<0.1%	History
HESMHess Midstream LP	CL A SHS	2,010	$85.0K	<0.1%	History
SOCSable Offshore Corp.	COM SHS	3,281	$83.2K	<0.1%	History
JAKKJakks Pacific Inc	COM NEW	3,181	$78.5K	<0.1%	History
CWHCamping World Holdings, Inc.	CL A	4,446	$71.8K	<0.1%	History
MCFTMasterCraft Boat Holdings, Inc.	COM	4,163	$71.7K	<0.1%	History
HGHamilton Insurance Group, Ltd.	CL B	3,313	$68.7K	<0.1%	History
TASKTaskUs, Inc.	CLASS A COM	5,001	$68.2K	<0.1%	History
Pgim ETF Tr69344A107	PGIM ULTRA SH BD	1,214	$60.4K	<0.1%	–
BHKBlackRock Core Bond Trust	SHS BEN INT	5,000	$54.3K	<0.1%	History
Simplify Exchange Traded Fun82889N202	US EQT PLS DWNSD	1,707	$52.8K	<0.1%	–
MMLPMartin Midstream Partners L.P.	UNIT L P INT	14,000	$50.4K	<0.1%	History
AMPSAltus Power, Inc.	COM CL A	9,526	$47.2K	<0.1%	History
USALiberty All Star Equity Fund	SH BEN INT	6,500	$42.6K	<0.1%	History
BYMBlackRock Municipal Income Quality Trust	COM	3,907	$42.1K	<0.1%	History
LEGTLegato Merger Corp. III	ORD SHS	3,890	$40.8K	<0.1%	History
Booking Holdings Inc.09857LAN8	NOTE 0.750% 5/0	–	$39.3K	<0.1%	–
Dimensional ETF Trust25434V740	EMERGING MKTS VA	1,407	$38.1K	<0.1%	–
SABASaba Capital Income & Opportunities Fund II	COM NEW	4,007	$34.9K	<0.1%	History
HEESH&E Equipment Services, Inc.	COM	339	$32.1K	<0.1%	History
Vanguard Admiral FDS Inc921932844	MIDCP 400 VAL	343	$31.6K	<0.1%	–
Nushares ETF Tr67092P508	NUVEEN ESG MIDVL	884	$30.2K	<0.1%	–
CGENCompugen Ltd	ORD	20,000	$29.2K	<0.1%	History
LBLandBridge Co LLC	CL A	386	$27.8K	<0.1%	History
CLMBClimb Global Solutions, Inc.	COM	250	$27.7K	<0.1%	History
BITBlackRock Multi-Sector Income Trust	COM	1,820	$26.4K	<0.1%	History
VKQInvesco Municipal Trust	COM	2,700	$26.1K	<0.1%	History
VMOInvesco Municipal Opportunity Trust	COM	2,700	$25.6K	<0.1%	History
MCHBMechanics Bancorp	CL A	2,150	$25.2K	<0.1%	History
iShares Tr46429B671	MSCI CHINA ETF	440	$23.9K	<0.1%	–
RABrookfield Real Assets Income Fund Inc.	SHS BEN INT	1,792	$23.6K	<0.1%	History
Dimensional ETF Trust25434V658	GLOBAL REAL EST	893	$23.4K	<0.1%	–
Capital Grp Fixed Incm ETF T14020Y409	SHORT DURATION	878	$22.7K	<0.1%	–
SPDR Index Shs FDS78463X400	SP CHINA ETF	260	$22.4K	<0.1%	–
Southwest Airls Co844741BG2	NOTE 1.250% 5/0	–	$21.9K	<0.1%	–
FARMFarmer Brothers Co	COM	9,698	$21.5K	<0.1%	History
Pacer Trendpilot 100 ETF69374H303	ETF	300	$21.3K	<0.1%	–
Etfis Ser Tr I26923G822	VIRTUS INFRCAP	1,000	$21.2K	<0.1%	–
TPVGTriplePoint Venture Growth BDC Corp.	COM	3,000	$20.9K	<0.1%	History
ELVAElectrovaya Inc.	COM NEW	8,990	$20.8K	<0.1%	History
BMEBlackRock Health Sciences Trust	COM	529	$20.4K	<0.1%	History
ETXEaton Vance Municipal Income 2028 Term Trust	SHS	1,100	$20.1K	<0.1%	History
CMRXChimerix Inc	COM	2,349	$20.0K	<0.1%	History
PIMCO ETF Tr72201R304	15+ YR US TIPS	358	$19.6K	<0.1%	–
ALB.PAAlbemarle Corp	7.25% DEP SHS A	518	$18.5K	<0.1%	History
FPFFirst Trust Intermediate Duration Preferred & Income Fund	COM	1,000	$18.4K	<0.1%	History
HPE.PCHewlett Packard Enterprise Co	7.625 MAND CONV	380	$18.1K	<0.1%	History
AMJBJPMorgan Chase & Co	CAL LKD 44 ADDED	500	$16.2K	<0.1%	History
SPDR Ser Tr78468R655	S&P KENSHO CLEAN	300	$15.1K	<0.1%	–
WTIW&T Offshore Inc	COM	9,551	$14.8K	<0.1%	History
Franklin Templeton ETF Tr35473P868	FRANKLIN DYN MUN	585	$14.3K	<0.1%	–
AHCOAdaptHealth Corp.	COMMON STOCK	1,297	$14.1K	<0.1%	History
ATSGAir Transport Services Group, Inc.	COM	626	$14.0K	<0.1%	History
ESTAEstablishment Labs Holdings Inc.	COM	319	$13.0K	<0.1%	History
FGBFirst Trust Specialty Finance & Financial Opportunities Fund	COM BEN INTR	2,900	$12.5K	<0.1%	History
SDHYPGIM Short Duration High Yield Opportunities Fund	COM	729	$12.0K	<0.1%	History
FBMSFirst Bancshares Inc	COM	345	$11.7K	<0.1%	History
FETForum Energy Technologies, Inc.	COM	520	$10.5K	<0.1%	History
AIOTPowerfleet, Inc.	COM	1,817	$9.97K	<0.1%	History
POWWOutdoor Holding Co	COM	6,900	$9.52K	<0.1%	History
CXMSprinklr, Inc.	CL A	1,116	$9.32K	<0.1%	History
LGTYLogility Supply Chain Solutions, Inc	CL A	641	$9.14K	<0.1%	History
IVRInvesco Mortgage Capital Inc.	COM	1,138	$8.98K	<0.1%	History
ZVIAZevia PBC	CL A	4,100	$8.86K	<0.1%	History
Invesco Exch Traded FD Tr II46138G631	NASDAQNXTGEN100	300	$8.70K	<0.1%	–
BDJBlackRock Enhanced Equity Dividend Trust	COM	979	$8.42K	<0.1%	History
SPDR Series Trust78464A581	ST STR SP HCEQ	100	$8.22K	<0.1%	–
JLSNuveen Mortgage & Income Fund	COM	418	$7.85K	<0.1%	History
Invesco Exch Traded FD Tr II46138G888	SHORT TERM ETF	74	$7.81K	<0.1%	–
FSBWFS Bancorp, Inc.	COM	197	$7.49K	<0.1%	History
FRSTPrimis Financial Corp.	COM	742	$7.25K	<0.1%	History
Columbia ETF Tr II19762B707	INDIA CONSMR ETF	118	$7.03K	<0.1%	–
Flexshares Tr33939L654	US QT LW VLTY	106	$6.99K	<0.1%	–
RGCORGC Resources Inc	COM	327	$6.82K	<0.1%	History
HNVRHanover Bancorp, Inc.	COM NEW	300	$6.58K	<0.1%	History
VanEck ETF Trust92189F411	BDC INCOME ETF	389	$6.52K	<0.1%	–
Lantheus Hldgs Inc516544AB9	NOTE 2.625%12/1	–	$5.64K	<0.1%	–