U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership1,723,048 shares
Latest Disclosed Value $ 89,615,770
Baird Financial Group, Inc. reports 12.78% decrease in ownership of USB / U.S. Bancorp

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 1,723,048 shares of U.S. Bancorp (CH:USB) valued at $89,615,770 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 1,975,433 shares of U.S. Bancorp. This represents a change in shares of -12.78% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F US BANCORP COM NEW 902973304 1,723,048 -252,385 -12.78 89,616 -14.98 0.0753
2026-02-13 2025-12-31 13F US BANCORP DEL COM COMMON 902973304 1,975,433 -38,235 -1.90 105,409 8.31 0.1643
2025-11-13 2025-09-30 13F U S BANCORP COMMON 902973304 2,013,668 -100,772 -4.77 97,321 1.72 0.1565
2025-08-13 2025-06-30 13F US BANCORP DEL COM COMMON 902973304 2,114,440 -763,139 -26.52 95,678 -21.25 0.1678
2025-05-15 2025-03-31 13F US BANCORP DEL COM COMMON 902973304 2,877,579 -3,549,214 -55.23 121,491 -60.48 0.2339
2025-02-14 2024-12-31 13F U S BANCORP COMMON 902973304 6,426,793 134,435 2.14 307,394 6.83 0.5879
2024-11-14 2024-09-30 13F U S BANCORP DE COMMON 902973304 6,292,358 52,421 0.84 287,750 16.16 0.5588
2024-08-14 2024-06-30 13F U S BANCORP COMMON 902973304 6,239,937 200,720 3.32 247,725 -8.23 0.5139
2024-05-14 2024-03-31 13F U S BANCORP COMMON 902973304 6,039,217 147,124 2.50 269,953 5.86 0.5661
2024-02-14 2023-12-31 13F U S BANCORP COMMON 902973304 5,892,093 -597,502 -9.21 255,010 18.86 0.5812
2023-11-13 2023-09-30 13F U S BANCORP COMMON 902973304 6,489,595 49,996 0.78 214,546 0.84 0.5852
2023-08-11 2023-06-30 13F U S BANCORP COMMON 902973304 6,439,599 -968,028 -13.07 212,764 -20.33 0.5616
2023-05-15 2023-03-31 13F U S BANCORP COMMON 902973304 7,407,627 845,492 12.88 267,045 93,272.03 0.6587
2023-02-13 2022-12-31 13F U S BANCORP COMMON 902973304 6,562,135 1,291,910 24.51 286 -99.87 0.7536
2022-11-15 2022-09-30 13F U S BANCORP COMMON 902973304 5,270,225 104,364 2.02 212,495 -10.62 0.6261
2022-08-08 2022-06-30 13F U S BANCORP COMMON 902973304 5,165,861 79,653 1.57 237,734 -12.06 0.6599
2022-05-13 2022-03-31 13F U S BANCORP COMMON 902973304 5,086,208 86,955 1.74 270,332 -3.73 0.6680
2022-02-09 2021-12-31 13F US BANCORP DEL COM COMMON 902973304 4,999,253 80,167 1.63 280,808 -3.96 0.6565
2021-11-12 2021-09-30 13F US BANCORP DEL COM COMMON 902973304 4,919,086 95,819 1.99 292,390 6.41 0.7478
2021-08-11 2021-06-30 13F US BANCORP DEL COM COMMON 902973304 4,823,267 -13,556 -0.28 274,782 2.71 0.7142
2021-05-13 2021-03-31 13F US BANCORP DEL COM COMMON 902973304 4,836,823 178,429 3.83 267,525 23.26 0.7503
2021-02-11 2020-12-31 13F US BANCORP DEL COM COMMON 902973304 4,658,394 -75,966 -1.60 217,035 27.87 0.6488
2020-11-12 2020-09-30 13F US BANCORP DEL COM COMMON 902973304 4,734,360 -13,630 -0.29 169,727 -2.91 0.5815
2020-10-22 2020-06-30 13F/A-1 US BANCORP DEL COM COMMON 902973304 4,747,990 209,544 4.62 174,821 11.81 0.6586
2020-08-14 2020-06-30 13F US BANCORP DEL COM COMMON 902973304 4,840,610 302,164 240,736 477,084.0575
2020-05-14 2020-03-31 13F US BANCORP DEL COM COMMON 902973304 4,538,446 -426,816 -8.60 156,350 -46.89 0.7140
2020-02-14 2019-12-31 13F US BANCORP DEL COM COMMON 902973304 4,965,262 137,627 2.85 294,390 10.19 1.0568
2019-11-14 2019-09-30 13F US BANCORP Common 902973304 4,827,635 114,293 2.42 267,161 8.17 1.0523
2019-08-14 2019-06-30 13F US BANCORP COMMON 902973304 4,713,342 2,810,188 147.66 246,979 169.30 0.9603
2019-05-14 2019-03-31 13F U S BANCORP COMMON 902973304 1,903,154 44,821 2.41 91,713 7.99 0.5363
2019-02-14 2018-12-31 13F US Bancorp COMMON 902973304 1,858,333 199,346 12.02 84,926 -3.10 0.5764
2018-11-13 2018-09-30 13F US Bancorp COMMON 902973304 1,658,987 12,322 0.75 87,645 6.40 0.5491
2018-08-13 2018-06-30 13F US Bancorp COMMON 902973304 1,646,665 284,144 20.85 82,376 19.72 0.5591
2018-05-14 2018-03-31 13F US Bancorp COMMON 902973304 1,362,521 24,136 1.80 68,807 -4.05 0.4845
2018-02-09 2017-12-31 13F U S BANCORP COMMON 902973304 1,338,385 18,315 1.39 71,711 1.37 0.5079
2017-11-14 2017-09-30 13F U S BANCORP COMMON 902973304 1,320,070 585 0.04 70,743 3.26 0.5336
2017-08-14 2017-06-30 13F U S BANCORP COMMON 902973304 1,319,485 -173,532 -11.62 68,508 -10.90 0.5367
2017-06-19 2017-03-31 13F/A-1 U S BANCORP COMMON 902973304 1,493,017 -562,606 -27.37 76,890 -27.19 0.6218
2017-05-09 2017-03-31 13F U S BANCORP COMMON 902973304 1,493,017 76,890
2017-02-10 2016-12-31 13F U S BANCORP COMMON 902973304 2,055,623 -4,132 -0.20 105,597 19.53 0.9169
2016-11-10 2016-09-30 13F U S BANCORP COMMON 902973304 2,059,755 -35,549 -1.70 88,343 3.68 0.7913
2016-08-11 2016-06-30 13F U S BANCORP COMMON 902973304 2,095,304 144,383 7.40 85,208 7.60 0.7814
2016-05-12 2016-03-31 13F U S BANCORP COMMON 902973304 1,950,921 756,817 63.38 79,187 55.41 0.7577
2016-02-11 2015-12-31 13F U S BANCORP COMMON 902973304 1,194,104 378,387 46.39 50,952 52.31 0.5096
2015-11-12 2015-09-30 13F U S BANCORP COMMON 902973304 815,717 -633 -0.08 33,452 -5.58 0.3557
2015-08-14 2015-06-30 13F U S BANCORP COMMON 902973304 816,350 816,350 35,429 0.3486
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.