U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership38,439,644 shares
Latest Disclosed Value $ 1,991,381,181
Geode Capital Management, Llc reports 2.02% increase in ownership of USB / U.S. Bancorp

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 38,439,644 shares of U.S. Bancorp (CH:USB) valued at $1,991,381,181 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 37,679,617 shares of U.S. Bancorp. This represents a change in shares of 2.02% 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)
2026-05-15 2026-03-31 13F US BANCORP COM NEW 902973304 38,439,644 760,027 2.02 1,991,381 -0.56 0.0662
2026-02-09 2025-12-31 13F US BANCORP COM NEW 902973304 37,679,617 443,646 1.19 2,002,518 11.75 0.1236
2025-11-12 2025-09-30 13F US BANCORP COM NEW 902973304 37,235,971 603,561 1.65 1,791,954 8.58 0.1143
2025-08-08 2025-06-30 13F US BANCORP COM NEW 902973304 36,632,410 456,890 1.26 1,650,305 8.40 0.1157
2025-05-13 2025-03-31 13F US BANCORP COM NEW 902973304 36,175,520 2,238,160 6.59 1,522,444 -5.96 0.1197
2025-02-12 2024-12-31 13F US BANCORP COM NEW 902973304 33,937,360 850,763 2.57 1,618,948 7.38 0.1254
2024-11-12 2024-09-30 13F US BANCORP COM NEW 902973304 33,086,597 599,852 1.85 1,507,616 17.22 0.1221
2024-08-09 2024-06-30 13F US BANCORP COM NEW 902973304 32,486,745 842,555 2.66 1,286,142 -8.82 0.1129
2024-05-13 2024-03-31 13F US BANCORP COM NEW 902973304 31,644,190 1,585,652 5.28 1,410,507 8.74 0.1304
2024-02-13 2023-12-31 13F US BANCORP COM NEW 902973304 30,058,538 842,575 2.88 1,297,084 34.61 0.1357
2023-11-13 2023-09-30 13F US BANCORP COM NEW 902973304 29,215,963 3,309,066 12.77 963,568 12.91 0.1148
2023-08-11 2023-06-30 13F US BANCORP COM NEW 902973304 25,906,897 -303,046 -1.16 853,368 -9.47 0.1003
2023-05-15 2023-03-31 13F US BANCORP COM NEW 902973304 26,209,943 1,302,935 5.23 942,590 86,854.80 0.1224
2023-02-13 2022-12-31 13F US BANCORP COM NEW 902973304 24,907,008 476,756 1.95 1,084 -99.89 0.1521
2022-11-14 2022-09-30 13F US BANCORP COM NEW 902973304 24,430,252 357,261 1.48 983,847 -11.03 0.1492
2022-08-12 2022-06-30 13F US BANCORP COM NEW 902973304 24,072,991 750,971 3.22 1,105,837 -10.56 0.1620
2022-05-13 2022-03-31 13F US BANCORP COM NEW 902973304 23,322,020 34,305 0.15 1,236,432 -5.26 0.1543
2022-02-11 2021-12-31 13F US BANCORP COM NEW 902973304 23,287,715 493,821 2.17 1,305,145 -3.45 0.1572
2021-11-12 2021-09-30 13F US BANCORP COM NEW 902973304 22,793,894 746,748 3.39 1,351,754 7.91 0.1820
2021-08-13 2021-06-30 13F US BANCORP COM NEW 902973304 22,047,146 608,791 2.84 1,252,627 5.91 0.1726
2021-05-12 2021-03-31 13F US BANCORP COM NEW 902973304 21,438,355 589,802 2.83 1,182,720 22.06 0.1809
2021-02-12 2020-12-31 13F US BANCORP COM NEW 902973304 20,848,553 491,434 2.41 968,959 33.01 0.1626
2020-11-13 2020-09-30 13F US BANCORP COM NEW 902973304 20,357,119 133,548 0.66 728,480 -2.03 0.1427
2020-08-13 2020-06-30 13F US BANCORP COM NEW 902973304 20,223,571 -510,253 -2.46 743,606 4.25 0.1591
2020-05-14 2020-03-31 13F US BANCORP COM NEW 902973304 20,733,824 -154,234 -0.74 713,324 -42.28 0.1859
2020-02-20 2019-12-31 13F/A-1 US BANCORP COM NEW 902973304 20,888,058 593,687 2.93 1,235,796 10.22 0.2583
2020-02-13 2019-12-31 13F US BANCORP COM NEW 902973304 20,888,058 593,687 1,235,796 157,491.3646
2019-11-12 2019-09-30 13F US BANCORP COM NEW 902973304 20,294,371 -187,701 -0.92 1,121,241 4.66 0.2617
2019-08-14 2019-06-30 13F US BANCORP COM NEW 902973304 20,482,072 596,823 3.00 1,071,301 12.00 0.2592
2019-05-14 2019-03-31 13F US BANCORP COM NEW 902973304 19,885,249 1,562,495 8.53 956,492 14.44 0.2478
2019-03-06 2018-12-31 13F/A-1 US BANCORP COM NEW 902973304 18,322,754 1,285,265 7.54 835,766 -6.92 0.2584
2019-02-13 2018-12-31 13F US BANCORP COM NEW 902973304 18,322,754 1,285,265 835,766
2018-11-13 2018-09-30 13F US BANCORP COM NEW 902973304 17,037,489 39,928 0.23 897,881 5.84 0.2530
2018-08-14 2018-06-30 13F US BANCORP COM NEW 902973304 16,997,561 90,169 0.53 848,353 -0.39 0.2608
2018-05-15 2018-03-31 13F US BANCORP COM NEW 902973304 16,907,392 820,502 5.10 851,650 -0.98 0.2775
2018-02-13 2017-12-31 13F US BANCORP COM NEW 902973304 16,086,890 287,089 1.82 860,040 1.78 0.2921
2017-11-14 2017-09-30 13F US BANCORP COM NEW 902973304 15,799,801 624 0.00 844,999 3.19 0.3119
2017-08-14 2017-06-30 13F US BANCORP COM NEW 902973304 15,799,177 184,279 1.18 818,878 1.98 0.3220
2017-06-21 2017-03-31 13F/A-1 US BANCORP DEL COM COM NEW 902973304 15,614,898 1,229,692 8.55 803,016 8.80 0.3294
2017-05-12 2017-03-31 13F US BANCORP DEL COM COM NEW 902973304 15,614,898 803,016
2017-02-14 2016-12-31 13F US BANCORP DEL COM COM NEW 902973304 14,385,206 603,075 4.38 738,059 25.06 0.3432
2016-11-10 2016-09-30 13F US BANCORP DEL COM COM NEW 902973304 13,782,131 465,717 3.50 590,156 10.08 0.2972
2016-08-12 2016-06-30 13F US BANCORP DEL COM COM NEW 902973304 13,316,414 -277,968 -2.04 536,099 -2.65 0.2916
2016-05-13 2016-03-31 13F US BANCORP DEL COM COM NEW 902973304 13,594,382 153,855 1.14 550,689 -3.78 0.2922
2016-02-12 2015-12-31 13F US BANCORP DEL COM COM NEW 902973304 13,440,527 -127,241 -0.94 572,322 3.06 0.3262
2015-11-13 2015-09-30 13F US BANCORP DEL COM COM NEW 902973304 13,567,768 -773,546 -5.39 555,338 -10.60 0.3368
2015-08-14 2015-06-30 13F US BANCORP DEL COM COM NEW 902973304 14,341,314 14,064 0.10 621,216 -0.56 0.3546
2015-05-14 2015-03-31 13F US BANCORP DEL COM COM NEW 902973304 14,327,250 400,222 2.87 624,722 -0.08 0.3571
2015-02-12 2014-12-31 13F US BANCORP DEL COM COM NEW 902973304 13,927,028 373,380 2.75 625,239 10.42 0.3720
2014-11-14 2014-09-30 13F US BANCORP DEL COM COM NEW 902973304 13,553,648 -139,989 -1.02 566,244 -4.49 0.3670
2014-08-13 2014-06-30 13F US BANCORP DEL COM COM NEW 902973304 13,693,637 -247,034 -1.77 592,864 -0.73 0.3833
2014-05-14 2014-03-31 13F US BANCORP DEL COM COM NEW 902973304 13,940,671 87,423 0.63 597,250 6.74 0.4006
2014-02-14 2013-12-31 13F US BANCORP DEL COM COM NEW 902973304 13,853,248 744,171 5.68 559,512 16.71 0.3879
2013-11-14 2013-09-30 13F US BANCORP DEL COM COM NEW 902973304 13,109,077 359,505 2.82 479,412 4.04 0.3844
2013-08-14 2013-06-30 13F US BANCORP DEL COM COM NEW 902973304 12,749,572 12,749,572 460,802 0.4051
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.