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Livermore
Livermore
ZHEN

US Bancorp

SEC CIK
0000036104
Latest filing
Aug 12, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 12, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
3,982
−161 vs. Q2 2025
Portfolio value
$84.4B
+$4.94B (+6.2%) vs. Q2 2025
Filed
Nov 12, 2025
SEC
Holdings of US Bancorp in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Schwab U.S. Large-Cap ETF808524201ETF205,650,965$5.42B6.4%−758,205−0.4%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF42,354,274$4.25B5.0%−1,633,770−3.7%Reduced–
iShares Core S&P 500 ETF464287200ETF6,023,396$4.03B4.8%+128,832+2.2%Added–
iShares Core MSCI Eafe ETF46432F842ETF35,451,679$3.10B3.7%+1,065,415+3.1%Added–
SPYSPDR S&P 500 ETF TrustETF4,307,539$2.87B3.4%−107,460−2.4%ReducedHistory
MSFTMicrosoft CorpStock5,436,865$2.82B3.3%−81,918−1.5%ReducedHistory
AAPLApple Inc.Stock10,442,818$2.66B3.2%−247,354−2.3%ReducedHistory
iShares Core MSCI Emerging Markets ETF46434G103ETF28,412,025$1.87B2.2%+695,372+2.5%Added–
NVDANVIDIA CorpStock8,049,034$1.50B1.8%+65,880+0.8%AddedHistory
GOOGLAlphabet Inc.Stock6,091,294$1.48B1.8%+5,484+0.1%AddedHistory
Vanguard Morningstar Mid-Cap ETF922908629ETF4,610,643$1.35B1.6%+368,798+8.7%Added–
iShares Russell Midcap ETF464287499ETF13,639,666$1.32B1.6%−278,823−2.0%Reduced–
AMZNAmazon Com IncStock5,757,152$1.26B1.5%−2,3530.0%ReducedHistory
JPMJPMorgan Chase & CoStock3,655,592$1.15B1.4%−70,427−1.9%ReducedHistory
LLYEli Lilly & CoStock1,374,048$1.05B1.2%+1,942+0.1%AddedHistory
iShares Tr464288877EAFE VALUE ETF13,996,150$949.4M1.1%+382,008+2.8%Added–
Invesco QQQ Trust Series I46090E103ETF1,378,057$827.3M1.0%+7,333+0.5%Added–
METAMeta Platforms, Inc.Stock952,522$699.5M0.8%+25,912+2.8%AddedHistory
Vanguard Ftse Developed Markets ETF921943858ETF11,551,168$692.1M0.8%−48,370−0.4%Reduced–
Schwab U.S. REIT ETF808524847ETF32,078,890$691.9M0.8%+1,537,663+5.0%Added–
iShares MSCI Eafe ETF464287465ETF7,397,900$690.7M0.8%−54,581−0.7%Reduced–
Vanguard Morningstar Total Stock Market ETF922908769ETF2,098,777$688.8M0.8%−46,053−2.1%Reduced–
BRK.ABerkshire Hathaway IncCL A900$678.8M0.8%−1−0.1%ReducedHistory
iShares Core MSCI Total International Stock ETF46432F834ETF8,071,498$666.5M0.8%+1,282,851+18.9%Added–
BRK.BBerkshire Hathaway IncStock1,293,527$650.3M0.8%−7,928−0.6%ReducedHistory
iShares Russell 2000 ETF464287655ETF2,603,293$629.9M0.7%−60,587−2.3%Reduced–
MDYSPDR S&P Midcap 400 ETF TrustETF998,110$594.9M0.7%−17,673−1.7%ReducedHistory
WMTWalmart Inc.Stock5,740,380$591.6M0.7%−136,940−2.3%ReducedHistory
iShares Core S&P Small Cap ETF464287804ETF4,968,235$590.4M0.7%−56,706−1.1%Reduced–
HDHome Depot, Inc.Stock1,397,221$566.1M0.7%−1,797−0.1%ReducedHistory
PGProcter & Gamble CoStock3,675,632$564.8M0.7%−164,714−4.3%ReducedHistory
iShares Tr464288414NATIONAL MUN ETF5,295,541$563.9M0.7%−2,046,373−27.9%Reduced–
ABBVAbbVie Inc.Stock2,400,194$555.7M0.7%−30,755−1.3%ReducedHistory
Vanguard Total World Stock ETF922042742ETF3,974,186$547.7M0.6%+1,205,105+43.5%Added–
MAMastercard IncStock878,793$499.9M0.6%−10,824−1.2%ReducedHistory
Vanguard Scottsdale FDS92206C664VNG RUS2000IDX4,901,587$479.5M0.6%+360,768+7.9%Added–
COSTCostco Wholesale CorpStock514,535$476.3M0.6%−6,853−1.3%ReducedHistory
Vanguard Real Estate ETF922908553ETF5,176,306$473.2M0.6%+124,389+2.5%Added–
GOOGAlphabet Inc.Stock1,939,051$472.3M0.6%−37,726−1.9%ReducedHistory
JNJJohnson & JohnsonStock2,531,636$469.4M0.6%−59,789−2.3%ReducedHistory
ORCLOracle CorpStock1,593,234$448.1M0.5%−74,700−4.5%ReducedHistory
iShares Russell 1000 Growth ETF464287614ETF941,199$440.9M0.5%−96,855−9.3%Reduced–
Schwab US Tips ETF808524870ETF16,265,679$438.4M0.5%+14,638,820+899.8%Added–
AVGOBroadcom Inc.Stock1,246,822$411.3M0.5%−5620.0%ReducedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF7,460,988$404.2M0.5%−27,084−0.4%Reduced–
State Street Technology Select Sector SPDR ETF81369Y803ETF1,395,752$393.4M0.5%−13,313−0.9%Reduced–
XOMExxonMobil Holdings CorpCOM3,438,726$387.7M0.5%−71,076−2.0%ReducedHistory
ABTAbbott LaboratoriesStock2,832,552$379.4M0.4%−37,572−1.3%ReducedHistory
BACBank of America CorpStock7,253,487$374.2M0.4%−87,121−1.2%ReducedHistory
UNHUnitedHealth Group IncStock1,025,873$354.2M0.4%−14,771−1.4%ReducedHistory
PCARPaccar IncCOM3,602,874$354.2M0.4%−1,1310.0%ReducedHistory
USBUS Bancorp DECOM NEW7,197,275$347.8M0.4%−188,952−2.6%ReducedHistory
iShares Core S&P Mid-Cap ETF464287507ETF5,175,218$337.7M0.4%−37,113−0.7%Reduced–
CVXChevron CorpStock2,166,316$336.4M0.4%−17,277−0.8%ReducedHistory
MMM3M CoStock2,152,508$334.0M0.4%−94,488−4.2%ReducedHistory
Schwab International Equity ETF808524805ETF14,032,989$326.7M0.4%+487,889+3.6%Added–
VVisa Inc.Stock955,539$326.2M0.4%−47,360−4.7%ReducedHistory
MPCMarathon Petroleum CorpStock1,655,061$319.0M0.4%−80,078−4.6%ReducedHistory
Vanguard S&P 500 ETF922908363ETF501,712$307.2M0.4%+6,003+1.2%Added–
iShares Russell Mid-Cap Value ETF464287473ETF2,189,330$305.8M0.4%−95,420−4.2%Reduced–
MCDMcDonalds CorpStock946,514$287.6M0.3%−19,786−2.0%ReducedHistory
GLDSPDR Gold TrustETF797,375$283.4M0.3%+30,215+3.9%AddedHistory
KOCoca Cola CoStock4,206,235$279.0M0.3%−66,582−1.6%ReducedHistory
ECLEcolab Inc.Stock1,017,744$278.7M0.3%+8,626+0.9%AddedHistory
PANWPalo Alto Networks IncStock1,364,442$277.8M0.3%+8,344+0.6%AddedHistory
iShares Tr464287622RUS 1000 ETF751,222$274.6M0.3%+91,632+13.9%Added–
EMREmerson Electric CoStock2,023,089$265.4M0.3%−34,973−1.7%ReducedHistory
ACNAccenture plcStock1,062,134$261.9M0.3%−34,770−3.2%ReducedHistory
CSCOCisco Systems, Inc.Stock3,822,622$261.5M0.3%−75,474−1.9%ReducedHistory
BLKBlackRock, Inc.Stock210,305$245.2M0.3%−1,908−0.9%ReducedHistory
CATCaterpillar IncStock506,048$241.5M0.3%−12,529−2.4%ReducedHistory
PEPPepsiCo IncStock1,661,446$233.3M0.3%−56,977−3.3%ReducedHistory
iShares Russell Mid-Cap Growth ETF464287481ETF1,567,496$223.2M0.3%−5,330−0.3%Reduced–
SCHWSchwab Charles CorpStock2,299,785$219.6M0.3%−66,385−2.8%ReducedHistory
NEENextera Energy IncStock2,880,333$217.4M0.3%−33,994−1.2%ReducedHistory
Schwab Emerging Markets Equity ETF808524706ETF6,510,778$217.3M0.3%+3,065,021+89.0%Added–
QCOMQualcomm IncStock1,238,180$206.0M0.2%−22,802−1.8%ReducedHistory
Vanguard Index FDS922908652EXTEND MKT ETF982,935$205.8M0.2%−14,738−1.5%Reduced–
WFCWells Fargo & CompanyStock2,338,603$196.0M0.2%+67,002+2.9%AddedHistory
AMGNAmgen IncStock687,451$194.0M0.2%−22,217−3.1%ReducedHistory
NOWServiceNow, Inc.Stock209,179$192.5M0.2%+7,762+3.9%AddedHistory
AMDAdvanced Micro Devices IncStock1,170,332$189.3M0.2%+34,723+3.1%AddedHistory
AMTAmerican Tower CorpREIT976,111$187.7M0.2%−39,418−3.9%ReducedHistory
UNPUnion Pacific CorpStock779,481$184.2M0.2%−14,185−1.8%ReducedHistory
Vanguard Mun BD FDS922907746TAX EXEMPT BD3,656,306$183.1M0.2%−286,786−7.3%Reduced–
HONHoneywell International IncCOM847,904$178.5M0.2%−23,210−2.7%ReducedHistory
iShares Tr464287234MSCI EMG MKT ETF3,307,293$176.6M0.2%−1,2940.0%Reduced–
iShares Tr464288521CRE U S REIT ETF2,850,324$167.4M0.2%−1,802−0.1%Reduced–
CBChubb LtdStock584,432$165.0M0.2%−18,688−3.1%ReducedHistory
TSLATesla, Inc.Stock367,132$163.3M0.2%+10,553+3.0%AddedHistory
MUMicron Technology IncStock967,728$161.9M0.2%+41,373+4.5%AddedHistory
iShares Select Dividend ETF464287168ETF1,130,142$160.6M0.2%−7,764−0.7%Reduced–
NFLXNetflix IncStock133,279$159.8M0.2%+1,593+1.2%AddedHistory
ADPAutomatic Data Processing IncStock544,360$159.8M0.2%−9,977−1.8%ReducedHistory
Vanguard Morningstar Value ETF922908744ETF840,174$156.7M0.2%−44,075−5.0%Reduced–
LINLinde PLCStock329,481$156.5M0.2%−4,375−1.3%ReducedHistory
iShares Russell 1000 Value ETF464287598ETF768,594$156.5M0.2%−77,260−9.1%Reduced–
RTXRTX CorpStock922,820$154.4M0.2%−3,711−0.4%ReducedHistory
AXPAmerican Express CoStock460,911$153.1M0.2%+975+0.2%AddedHistory
IBMInternational Business Machines CorpStock538,036$151.8M0.2%−1,320−0.2%ReducedHistory

Options (15)

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 Q3 2025
SecurityClassPutsCalls
LLYEli Lilly & CoStock$6.20M–
EMREmerson Electric CoStock$56.1K–
TSLATesla, Inc.Stock–$50.5K
NVDANVIDIA CorpStock–$23.3K
SPYSPDR S&P 500 ETF TrustETF$15.3K–
MSFTMicrosoft CorpStock$13.1K–
ADPAutomatic Data Processing IncStock$12.6K–
MMM3M CoStock$10.4K–
JPMJPMorgan Chase & CoStock$7.77K–
LOWLowes Companies IncStock$7.63K–
iShares MSCI Eafe ETF464287465ETF$3.31K–
Direxion Shs ETF Tr25490K596DALY HOM B&S BUL–$3.25K
AAPLApple Inc.Stock$1.95K–
iShares Tr464287234MSCI EMG MKT ETF$1.74K–
JNJJohnson & JohnsonStock$1.25K–

Sold out since Q2 2025 (344)

Positions held at the end of Q2 2025 that are gone from this filing.

The largest 100 of 344 by value last quarter.

Positions of US Bancorp sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
ANSSAnsys IncCOM23,472$8.24M<0.1%History
HESHess CorpStock15,469$2.14M<0.1%History
WBAWalgreens Boots Alliance, Inc.COM184,945$2.12M<0.1%History
CHXChampionX CorpCOM65,754$1.63M<0.1%History
JNPRJuniper Networks IncCOM16,268$649.6K<0.1%History
AMEDAmedisys IncCOM5,143$506.0K<0.1%History
iShares Inc46434G848MSCI GBL ETF NEW11,109$417.7K<0.1%–
First Tr Exchng Traded FD VI33740U687FT VEST U.S EQT10,444$381.0K<0.1%–
First Tr Exch Traded FD III33740J104ULTRA SHT DUR MU16,919$340.1K<0.1%–
BLWBlackRock Ltd Duration Income TrustCOM SHS19,900$282.2K<0.1%History
TRMKTrustmark CorpCOM7,264$264.8K<0.1%History
PPBIPacific Premier Bancorp IncCOM12,391$261.3K<0.1%History
NVEENV5 Global, Inc.COM10,059$232.3K<0.1%History
First Tr Exchange Traded FD33738R688S&P INTL DIVID12,027$231.2K<0.1%–
Paramount Global92556H206CL B17,516$226.0K<0.1%–
LTHLife Time Group Holdings, Inc.COMMON STOCK7,300$221.4K<0.1%History
MNKDMannkind CorpCOM NEW58,953$220.5K<0.1%History
PAHCPhibro Animal Health CorpCL A COM8,560$218.6K<0.1%History
HRTGHeritage Insurance Holdings, Inc.COM8,237$205.4K<0.1%History
GMSGMS Inc.COM1,853$201.5K<0.1%History
EVTEaton Vance Tax-Advantaged Dividend Income FundCOM8,200$197.6K<0.1%History
AGNTAGNT, Inc.COM21,096$192.0K<0.1%History
Flexshares Tr33939L787GLB QLT R/E IDX3,183$189.9K<0.1%–
First Tr Exch TRD Alphdx FD33737J190GERMANY ALPHA3,245$182.9K<0.1%–
CLWClearwater Paper CorpCOM6,557$178.6K<0.1%History
iShares Tr46435U135CYBERSECURITY3,228$171.8K<0.1%–
J P Morgan Exchange Traded F46654Q609ACTIVE GROWTH1,983$170.7K<0.1%–
FLFoot Locker, Inc.COM6,887$168.7K<0.1%History
ACGPAssociated Capital Group, Inc.CL A4,397$164.9K<0.1%History
BPMCBlueprint Medicines CorpCOM1,203$154.2K<0.1%History
J P Morgan Exchange Traded F46641Q167ACTIVE VALUE ETF2,311$151.4K<0.1%–
ETDEthan Allen Interiors IncCOM5,125$142.7K<0.1%History
XPERXperi Inc.COMMON STOCK16,802$132.9K<0.1%History
JXNJackson Financial Inc.COM CL A1,494$132.7K<0.1%History
UNGUnited States Natural Gas Fund, LPETF8,381$128.1K<0.1%History
SAGESage Therapeutics, Inc.COM13,717$125.1K<0.1%History
REAXReal REMAX Group Inc.COM NEW27,236$122.8K<0.1%History
AZEKAZEK Co Inc.CL A2,192$119.1K<0.1%History
SPTNSpartanNash CoCOM3,905$103.4K<0.1%History
Paramount Global92556H107CL A4,504$103.4K<0.1%–
ESGREnstar Group LTDSHS298$100.2K<0.1%History
NXENexGen Energy Ltd.COM14,430$100.1K<0.1%History
CSVCarriage Services IncCOM2,184$99.9K<0.1%History
SHYFShyft Group, Inc.COM7,907$99.2K<0.1%History
EVRIEveri Holdings Inc.COM6,833$97.3K<0.1%History
HVTHaverty Furniture Companies IncCOM4,497$91.5K<0.1%History
SPDR Series Trust78464A722ST STR SP PHARMA2,224$90.3K<0.1%–
RDUSRadius Recycling, Inc.CL A2,984$88.6K<0.1%History
AGLagilon health, inc.COM38,416$88.4K<0.1%History
ZUMZZumiez IncCOM6,663$88.4K<0.1%History
RIGLRigel Pharmaceuticals IncCOM4,677$87.6K<0.1%History
AVNWAviat Networks, Inc.COM NEW3,297$79.3K<0.1%History
RDFNRedfin CorpCOM7,014$78.5K<0.1%History
IMXIInternational Money Express, Inc.COM7,714$77.8K<0.1%History
SKXSkechers USA IncCL A1,225$77.3K<0.1%History
NFJVirtus Dividend, Interest & Premium Strategy FundCOM6,026$74.7K<0.1%History
BOWBowhead Specialty Holdings Inc.COM SHS1,957$73.4K<0.1%History
TYRATyra Biosciences, Inc.COM7,561$72.4K<0.1%History
FNKOFunko, Inc.COM CL A15,132$72.0K<0.1%History
ATLCAtlanticus Holdings CorpCOM1,311$71.8K<0.1%History
ZEUSOlympic Steel IncCOM2,201$71.7K<0.1%History
CRCTCricut, Inc.COM CL A10,305$69.8K<0.1%History
SPNTSiriusPoint LtdCOM3,420$69.7K<0.1%History
GCOGenesco IncCOM3,209$63.2K<0.1%History
AKBAAkebia Therapeutics, Inc.COM16,121$58.7K<0.1%History
WBTNWEBTOON Entertainment Inc.COM6,431$58.4K<0.1%History
OSUROrasure Technologies IncCOM19,417$58.3K<0.1%History
UNITUniti Group Inc.COM12,933$55.9K<0.1%History
BRYBerry Corp (bry)COM20,114$55.7K<0.1%History
PLTKPlaytika Holding Corp.COM11,270$53.3K<0.1%History
UVEUniversal Insurance Holdings, Inc.COM1,889$52.4K<0.1%History
FCFranklin Covey CoCOM2,068$47.2K<0.1%History
PMOFranklin Municipal Opportunities TrustSH BEN INT4,686$46.3K<0.1%History
CHICalamos Convertible Opportunities & Income FundSH BEN INT4,300$45.2K<0.1%History
IBEXIBEX LtdSHS NEW1,548$45.0K<0.1%History
OXLCOxford Lane Capital Corp.COM10,685$44.9K<0.1%History
ENTAEnanta Pharmaceuticals IncCOM5,916$44.7K<0.1%History
IRBTiRobot CorpCOM13,674$42.8K<0.1%History
PMMFranklin Managed Municipal Income TrustCOM7,149$42.8K<0.1%History
NRIMNorthrim Bancorp IncCOM457$42.6K<0.1%History
PMFPIMCO Municipal Income FundCOM5,315$42.4K<0.1%History
HAFCHanmi Financial CorpCOM NEW1,704$42.1K<0.1%History
MECMayville Engineering Company, Inc.COM2,597$41.4K<0.1%History
SGHCSuper Group (SGHC) LtdORD SHS3,731$40.9K<0.1%History
STRSitio Royalties Corp.CLASS A COM2,193$40.3K<0.1%History
Flexshares Tr33939L605IBOXX 5YR TRGT1,645$39.6K<0.1%–
CDXSCodexis, Inc.COM16,200$39.5K<0.1%History
DSMBNY Mellon Strategic Municipal Bond Fund, Inc.COM7,007$39.2K<0.1%History
AMPYAmplify Energy Corp.COM12,240$39.2K<0.1%History
AIPArteris, Inc.COM4,022$38.3K<0.1%History
RGPResources Connection, Inc.COM7,079$38.0K<0.1%History
DIAXNuveen Dow 30sm Dynamic Overwrite FundSHS2,648$38.0K<0.1%History
NTRBNutriBand Inc.COM NEW4,798$37.8K<0.1%History
TBITrueBlue, Inc.COM5,725$37.1K<0.1%History
BTXBlackRock Technology & Private Equity Term TrustSHS BEN INT5,000$36.7K<0.1%History
PRTHPriority Technology Holdings, Inc.COM4,700$36.6K<0.1%History
MLNKMeridianLink, Inc.COMMON STOCK2,247$36.5K<0.1%History
VanEck ETF Trust92189F692PHARMACEUTCL ETF414$36.4K<0.1%–
OABIOmniAb, Inc.COM20,794$36.2K<0.1%History
NFENew Fortress Energy Inc.COM CL A10,815$35.9K<0.1%History