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
AXPAmerican Express Co	Stock	459,936	$146.7M	0.2%	+11,981+2.7%	Added	History
TRVTravelers Companies, Inc.	Stock	528,096	$141.3M	0.2%	−4,077−0.8%	Reduced	History
INTUIntuit Inc.	Stock	177,729	$140.0M	0.2%	+479+0.3%	Added	History
iShares Tr464288638	ISHS 5-10YR INVT	2,568,987	$136.9M	0.2%	−4,911,546−65.7%	Reduced	–
RTXRTX Corp	Stock	926,531	$135.3M	0.2%	−6,483−0.7%	Reduced	History
SPGIS&P Global Inc.	Stock	255,768	$134.9M	0.2%	−5,669−2.2%	Reduced	History
MRKMerck & Co., Inc.	Stock	1,702,210	$134.7M	0.2%	−115,264−6.3%	Reduced	History
Vanguard Morningstar Growth ETF922908736	ETF	302,853	$132.8M	0.2%	−3,245−1.1%	Reduced	–
DEDeere & Co	Stock	259,212	$131.8M	0.2%	−920−0.4%	Reduced	History
ADBEAdobe Inc.	Stock	340,450	$131.7M	0.2%	−12,483−3.5%	Reduced	History
BKNGBooking Holdings Inc.	Stock	22,623	$131.0M	0.2%	−646−2.8%	Reduced	History
ETNEaton Corp plc	Stock	358,163	$127.9M	0.2%	+10,999+3.2%	Added	History
GSGoldman Sachs Group Inc	Stock	176,297	$124.8M	0.2%	−6,256−3.4%	Reduced	History
Invesco Exchange Traded FD T46137V357	S&P500 EQL WGT	677,793	$123.2M	0.2%	−16,360−2.4%	Reduced	–
SPDR Series Trust78468R606	ST PORT HIGH ETF	5,175,599	$123.2M	0.2%	−49,080−0.9%	Reduced	–
PMPhilip Morris International Inc.	Stock	675,930	$123.1M	0.2%	+24,226+3.7%	Added	History
iShares S&P 500 Value ETF464287408	ETF	616,663	$120.5M	0.2%	−91,634−12.9%	Reduced	–
DISWalt Disney Co	Stock	936,550	$116.1M	0.1%	−54,689−5.5%	Reduced	History
PFEPfizer Inc	Stock	4,721,304	$114.4M	0.1%	−491,946−9.4%	Reduced	History
MUMicron Technology Inc	Stock	926,355	$114.2M	0.1%	+35,503+4.0%	Added	History
AMATApplied Materials Inc	Stock	619,973	$113.5M	0.1%	−11,336−1.8%	Reduced	History
MDTMedtronic plc	Stock	1,301,958	$113.5M	0.1%	−97,898−7.0%	Reduced	History
TSLATesla, Inc.	Stock	356,579	$113.3M	0.1%	+20,932+6.2%	Added	History
DHRDanaher Corp	Stock	570,341	$112.7M	0.1%	−29,497−4.9%	Reduced	History
CRMSalesforce, Inc.	Stock	412,717	$112.5M	0.1%	−10,968−2.6%	Reduced	History
ADIAnalog Devices Inc	Stock	458,708	$109.2M	0.1%	−23,213−4.8%	Reduced	History
MSMorgan Stanley	Stock	755,354	$106.4M	0.1%	+1,953+0.3%	Added	History
iShares Tr464288372	GLB INFRASTR ETF	1,789,138	$105.9M	0.1%	+13,987+0.8%	Added	–
Schwab Emerging Markets Equity ETF808524706	ETF	3,445,757	$103.9M	0.1%	−208,046−5.7%	Reduced	–
iShares Inc46434G764	MSCI EMRG CHN	1,633,133	$103.1M	0.1%	−661,003−28.8%	Reduced	–
GWWW.W. Grainger, Inc.	Stock	97,519	$101.4M	0.1%	+24,626+33.8%	Added	History
iShares Tr464288653	10-20 YR TRS ETF	998,135	$101.4M	0.1%	+396,519+65.9%	Added	–
GISGeneral Mills Inc	Stock	1,840,477	$95.4M	0.1%	−17,360−0.9%	Reduced	History
LOWLowes Companies Inc	Stock	429,512	$95.3M	0.1%	−10,932−2.5%	Reduced	History
GILDGilead Sciences, Inc.	Stock	854,552	$94.7M	0.1%	−22,670−2.6%	Reduced	History
VRTVertiv Holdings Co	COM CL A	697,706	$89.6M	0.1%	+3,579+0.5%	Added	History
Vanguard Ftse All-World Ex-US Index Fund922042775	ETF	1,325,936	$89.1M	0.1%	+3,972+0.3%	Added	–
MELIMercadolibre Inc	COM	33,781	$88.3M	0.1%	+2,485+7.9%	Added	History
LHXL3HARRIS Technologies, Inc.	Stock	344,112	$86.3M	0.1%	+5,526+1.6%	Added	History
TSMTaiwan Semiconductor Manufacturing Co Ltd	ADR	374,026	$84.7M	0.1%	+2,084+0.6%	Added	History
iShares Tr464287432	20 YR TR BD ETF	948,805	$83.7M	0.1%	−652,408−40.7%	Reduced	–
TTDTrade Desk, Inc.	Stock	1,122,810	$80.8M	0.1%	+17,066+1.5%	Added	History
SBUXStarbucks Corp	Stock	882,094	$80.8M	0.1%	−41,493−4.5%	Reduced	History
CMCSAComcast Corp	Stock	2,263,488	$80.8M	0.1%	−314,653−12.2%	Reduced	History
VZVerizon Communications Inc	Stock	1,857,688	$80.4M	0.1%	−71,785−3.7%	Reduced	History
TJXTJX Companies Inc	Stock	646,637	$79.9M	0.1%	+40,640+6.7%	Added	History
iShares MSCI USA Min Vol Factor ETF46429B697	ETF	823,869	$77.3M	0.1%	−407,760−33.1%	Reduced	–
GEGeneral Electric Co	Stock	298,406	$76.8M	0.1%	−5,266−1.7%	Reduced	History
Vanguard Morningstar Mid-Cap Value ETF922908512	ETF	462,974	$76.2M	0.1%	+46,772+11.2%	Added	–
iShares MSCI USA Quality Factor ETF46432F339	ETF	414,891	$75.9M	0.1%	+4,005+1.0%	Added	–
MDLZMondelez International, Inc.	Stock	1,115,013	$75.2M	0.1%	+2870.0%	Added	History
iShares Tr46434V613	CORE UNIVRSL USD	1,616,741	$74.7M	0.1%	−118,002−6.8%	Reduced	–
iShares Tr46435G516	ESG AW MSCI EAFE	835,568	$74.5M	0.1%	+10,365+1.3%	Added	–
CHRWC. H. Robinson Worldwide, Inc.	COM NEW	776,016	$74.5M	0.1%	−407−0.1%	Reduced	History
BMYBristol Myers Squibb Co	Stock	1,565,887	$72.5M	0.1%	−82,039−5.0%	Reduced	History
APHAmphenol Corp	CL A	726,354	$71.7M	0.1%	+5,674+0.8%	Added	History
iShares Tr464288513	IBOXX HI YD ETF	885,962	$71.5M	0.1%	−13,708−1.5%	Reduced	–
Vanguard Intermediate-Term Bond ETF921937819	ETF	923,744	$71.4M	0.1%	+18,985+2.1%	Added	–
COPConocoPhillips	Stock	786,021	$70.5M	0.1%	−38,630−4.7%	Reduced	History
TMOThermo Fisher Scientific Inc.	Stock	173,633	$70.4M	0.1%	−4,300−2.4%	Reduced	History
CPRTCopart Inc	COM	1,432,618	$70.3M	0.1%	−60,894−4.1%	Reduced	History
CINFCincinnati Financial Corp	COM	466,704	$69.5M	0.1%	−4,024−0.9%	Reduced	History
iShares Tr464287457	1 3 YR TREAS BD	832,608	$69.0M	0.1%	+23,695+2.9%	Added	–
SYKStryker Corp	Stock	173,952	$68.8M	0.1%	−7,702−4.2%	Reduced	History
CMECME Group Inc.	COM	248,350	$68.5M	0.1%	−17,012−6.4%	Reduced	History
State Street Financial Select Sector SPDR ETF81369Y605	ETF	1,281,857	$67.1M	0.1%	−9,512−0.7%	Reduced	–
PLDPrologis, Inc.	REIT	635,147	$66.8M	0.1%	−14,990−2.3%	Reduced	History
HSYHershey Co	COM	402,266	$66.8M	0.1%	+4,484+1.1%	Added	History
Vanguard Morningstar Small-Cap ETF922908751	ETF	279,894	$66.3M	0.1%	−1,837−0.7%	Reduced	–
Invesco Nasdaq 100 ETF46138G649	ETF	291,867	$66.3M	0.1%	+9,308+3.3%	Added	–
iShares Tr464288448	INTL SEL DIV ETF	1,919,999	$66.3M	0.1%	+192,700+11.2%	Added	–
LMTLockheed Martin Corp	Stock	138,305	$64.1M	0.1%	−6,994−4.8%	Reduced	History
ITWIllinois Tool Works Inc	Stock	256,389	$63.4M	0.1%	−7,685−2.9%	Reduced	History
iShares Tr464288687	PFD AND INCM SEC	2,023,625	$62.1M	0.1%	−168,827−7.7%	Reduced	–
MCKMcKesson Corp	Stock	83,760	$61.4M	0.1%	−1,999−2.3%	Reduced	History
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407	ETF	280,492	$61.0M	0.1%	−4,724−1.7%	Reduced	–
PLTRPalantir Technologies Inc.	Stock	443,787	$60.5M	0.1%	+21,777+5.2%	Added	History
TAT&T Inc.	Stock	2,082,644	$60.3M	0.1%	+80,536+4.0%	Added	History
iShares Tr464288646	ISHS 1-5YR INVS	1,128,304	$59.5M	0.1%	+86,117+8.3%	Added	–
KLACKLA Corp	COM NEW	65,624	$58.8M	0.1%	+983+1.5%	Added	History
NKENIKE, Inc.	Stock	826,937	$58.7M	0.1%	−50,540−5.8%	Reduced	History
Vanguard Short-Term Bond ETF921937827	ETF	744,272	$58.6M	0.1%	−18,937−2.5%	Reduced	–
iShares Tr464288158	SHRT NAT MUN ETF	544,529	$57.9M	0.1%	+1,482+0.3%	Added	–
TTCToro Co	COM	809,995	$57.3M	0.1%	+14,225+1.8%	Added	History
SNPSSynopsys Inc	COM	111,418	$57.1M	0.1%	+788+0.7%	Added	History
State Street Health Care Select Sector SPDR ETF81369Y209	ETF	421,450	$56.8M	0.1%	−27,990−6.2%	Reduced	–
MSIMotorola Solutions, Inc.	Stock	134,867	$56.7M	0.1%	−1,774−1.3%	Reduced	History
UPSUnited Parcel Service Inc	Stock	555,752	$56.1M	0.1%	−72,318−11.5%	Reduced	History
INTCIntel Corp	Stock	2,482,718	$55.6M	0.1%	−142,872−5.4%	Reduced	History
BABoeing Co	Stock	262,288	$55.0M	0.1%	+19,701+8.1%	Added	History
PHParker-Hannifin Corp	Stock	78,500	$54.8M	0.1%	−1,082−1.4%	Reduced	History
PGRProgressive Corp	Stock	204,695	$54.6M	0.1%	−6,434−3.0%	Reduced	History
Vanguard Dividend Appreciation ETF921908844	ETF	257,907	$52.8M	0.1%	+21,828+9.2%	Added	–
SHWSherwin Williams Co	COM	152,663	$52.4M	0.1%	−748−0.5%	Reduced	History
GEVGE Vernova Inc.	Stock	98,379	$52.1M	0.1%	+1,927+2.0%	Added	History
Vanguard Total International Bond ETF92203J407	ETF	1,014,147	$50.2M	0.1%	−9,187−0.9%	Reduced	–
AMPAmeriprise Financial Inc	COM	93,954	$50.1M	0.1%	−270.0%	Reduced	History
SLBSLB Limited	Stock	1,482,631	$50.1M	0.1%	−366,839−19.8%	Reduced	History
ORLYO Reilly Automotive Inc	Stock	551,755	$49.7M	0.1%	−8,900−1.6%	ReducedConverted for a 15-for-1 split	History
ISRGIntuitive Surgical Inc	COM NEW	90,791	$49.3M	0.1%	+25,927+40.0%	Added	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%	–