U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionEmpirical Financial Services, LLC d.b.a. Empirical Wealth Management
Latest Disclosed Ownership37,182 shares
Latest Disclosed Value $ 1,933,848
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management reports 17.10% increase in ownership of USB / U.S. Bancorp

On May 4, 2026 - Empirical Financial Services, LLC d.b.a. Empirical Wealth Management filed a 13F-HR form disclosing ownership of 37,182 shares of U.S. Bancorp (CH:USB) valued at $1,933,848 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 16, 2026 disclosing 31,753 shares of U.S. Bancorp. This represents a change in shares of 17.10% 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)
2026-05-04 2026-03-31 13F US BANCORP COM NEW 902973304 37,182 5,429 17.10 1,934 14.11 0.0230
2026-01-16 2025-12-31 13F US BANCORP DEL COM NEW 902973304 31,753 572 1.83 1,694 12.48 0.0302
2025-11-10 2025-09-30 13F US BANCORP DEL COM NEW 902973304 31,181 3,306 11.86 1,507 19.43 0.0301
2025-07-21 2025-06-30 13F US BANCORP DEL COM NEW 902973304 27,875 5,082 22.30 1,261 31.08 0.0285
2025-05-08 2025-03-31 13F US BANCORP DEL COM NEW 902973304 22,793 12,026 111.69 962 87.16 0.0248
2025-01-22 2024-12-31 13F US BANCORP DEL COM NEW 902973304 10,767 -2,722 -20.18 515 -16.56 0.0140
2024-11-01 2024-09-30 13F US BANCORP DEL COM NEW 902973304 13,489 -307 -2.23 617 12.61 0.0173
2024-08-09 2024-06-30 13F US BANCORP DEL COM NEW 902973304 13,796 447 3.35 548 -8.22 0.0162
2024-05-07 2024-03-31 13F US BANCORP DEL COM NEW 902973304 13,349 -2,433 -15.42 597 -12.74 0.0180
2024-02-06 2023-12-31 13F US BANCORP DEL COM NEW 902973304 15,782 -2,634 -14.30 683 12.34 0.0227
2023-11-03 2023-09-30 13F US BANCORP DEL COM NEW 902973304 18,416 -1,742 -8.64 609 -8.71 0.0238
2023-08-11 2023-06-30 13F US BANCORP DEL COM NEW 902973304 20,158 -4,026 -16.65 666 -23.54 0.0268
2023-05-09 2023-03-31 13F US BANCORP DEL COM NEW 902973304 24,184 -2,125 -8.08 872 -24.06 0.0378
2023-02-08 2022-12-31 13F US BANCORP DEL COM NEW 902973304 26,309 -11,152 -29.77 1,147 -24.04 0.0540
2022-11-03 2022-09-30 13F US BANCORP DEL COM NEW 902973304 37,461 -1,486 -3.82 1,510 -15.74 0.0791
2022-08-02 2022-06-30 13F US BANCORP DEL COM NEW 902973304 38,947 30 0.08 1,792 -13.35 0.0940
2022-05-13 2022-03-31 13F US BANCORP DEL COM NEW 902973304 38,917 -415 -1.06 2,068 -6.38 0.1031
2022-02-14 2021-12-31 13F US BANCORP DEL COM NEW 902973304 39,332 2,081 5.59 2,209 -0.23 0.1103
2021-11-02 2021-09-30 13F US BANCORP DEL COM NEW 902973304 37,251 -2,257 -5.71 2,214 -1.64 0.1261
2021-08-12 2021-06-30 13F US BANCORP DEL COM NEW 902973304 39,508 1,434 3.77 2,251 6.89 0.1363
2021-05-17 2021-03-31 13F US BANCORP DEL COM NEW 902973304 38,074 -3,481 -8.38 2,106 8.78 0.1687
2021-02-12 2020-12-31 13F US BANCORP DEL COM NEW 902973304 41,555 -2,550 -5.78 1,936 22.45 0.1476
2020-11-12 2020-09-30 13F US BANCORP DEL COM NEW 902973304 44,105 -500 -1.12 1,581 -3.71 0.1351
2020-08-12 2020-06-30 13F US BANCORP DEL COM NEW 902973304 44,605 -6,079 -11.99 1,642 -5.96 0.1531
2020-05-11 2020-03-31 13F US BANCORP DEL COM NEW 902973304 50,684 -767 -1.49 1,746 -42.77 0.1909
2020-02-13 2019-12-31 13F US BANCORP DEL COM NEW 902973304 51,451 -43,646 -45.90 3,051 -42.03 0.3353
2019-11-13 2019-09-30 13F US BANCORP DEL COM NEW 902973304 95,097 -1,498 -1.55 5,263 3.97 0.6373
2019-08-12 2019-06-30 13F US BANCORP DEL COM NEW 902973304 96,595 -33,822 -25.93 5,062 -19.46 0.6594
2019-05-13 2019-03-31 13F US BANCORP DEL COM NEW 902973304 130,417 -726 -0.55 6,285 4.87 0.9144
2019-02-13 2018-12-31 13F US BANCORP DEL COM NEW 902973304 131,143 45,356 52.87 5,993 32.30 1.0179
2018-11-13 2018-09-30 13F US BANCORP DEL COM NEW 902973304 85,787 -88 -0.10 4,530 5.47 0.8029
2018-08-13 2018-06-30 13F US BANCORP DEL COM NEW 902973304 85,875 -21,047 -19.68 4,295 -20.46 0.8042
2018-05-14 2018-03-31 13F/A-1 US BANCORP DEL COM NEW 902973304 106,922 95,605 844.79 5,400 791.09 1.0672
2018-05-11 2018-03-31 13F US BANCORP DEL COM NEW 902973304 106,746 95,429 5,400
2018-02-12 2017-12-31 13F US BANCORP DEL COM NEW 902973304 11,317 -2 -0.02 606 -0.16 0.1300
2017-11-13 2017-09-30 13F US BANCORP DEL COM NEW 902973304 11,319 2 0.02 607 3.23 0.1401
2017-08-10 2017-06-30 13F US BANCORP DEL COM NEW 902973304 11,317 -1,410 -11.08 588 -10.23 0.1431
2017-05-12 2017-03-31 13F US BANCORP DEL COM NEW 902973304 12,727 0 0.00 655 0.15 0.1632
2017-02-08 2016-12-31 13F US BANCORP DEL COM NEW 902973304 12,727 178 1.42 654 21.56 0.1605
2016-11-03 2016-09-30 13F US BANCORP DEL COM NEW 902973304 12,549 2,703 27.45 538 35.52 0.1405
2016-07-29 2016-06-30 13F US BANCORP DEL COM NEW 902973304 9,846 0 0.00 397 -0.75 0.1043
2016-04-21 2016-03-31 13F US BANCORP DEL COM NEW 902973304 9,846 139 1.43 400 -3.38 0.0967
2016-01-26 2015-12-31 13F US BANCORP DEL COM NEW 902973304 9,707 0 0.00 414 4.02 0.1007
2015-10-22 2015-09-30 13F US BANCORP DEL COM NEW 902973304 9,707 0 0.00 398 -5.46 0.0939
2015-08-06 2015-06-30 13F US BANCORP DEL COM NEW 902973304 9,707 9,707 421 0.0978
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.