U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionNaples Global Advisors, Llc
Latest Disclosed Ownership62,997 shares
Latest Disclosed Value $ 3,306,691
Naples Global Advisors, Llc reports 0.82% decrease in ownership of USB / U.S. Bancorp

On April 20, 2026 - Naples Global Advisors, Llc filed a 13F-HR form disclosing ownership of 62,997 shares of U.S. Bancorp (CH:USB) valued at $3,306,691 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 63,521 shares of U.S. Bancorp. This represents a change in shares of -0.82% 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)
2026-04-20 2026-03-31 13F US BANCORP COM NEW 902973304 62,997 -524 -0.82 3,307 -3.31 0.2413
2026-02-04 2025-12-31 13F US BANCORP DEL COM NEW 902973304 63,521 -2,606 -3.94 3,420 5.98 0.2555
2025-10-30 2025-09-30 13F US BANCORP DEL COM NEW 902973304 66,127 797 1.22 3,227 8.04 0.2513
2025-07-18 2025-06-30 13F US BANCORP DEL COM NEW 902973304 65,330 -393 -0.60 2,986 6.49 0.2569
2025-04-10 2025-03-31 13F US BANCORP DEL COM NEW 902973304 65,723 1,679 2.62 2,805 -9.31 0.2665
2025-01-29 2024-12-31 13F US BANCORP DEL COM NEW 902973304 64,044 -5,942 -8.49 3,092 -4.33 0.2893
2024-10-24 2024-09-30 13F US BANCORP DEL COM NEW 902973304 69,986 4,626 7.08 3,233 23.17 0.3006
2024-07-18 2024-06-30 13F US BANCORP DEL COM NEW 902973304 65,360 248 0.38 2,624 -10.75 0.2633
2024-04-29 2024-03-31 13F US BANCORP DEL COM NEW 902973304 65,112 -1,158 -1.75 2,940 1.45 0.3010
2024-01-11 2023-12-31 13F US BANCORP DEL COM NEW 902973304 66,270 -2,588 -3.76 2,899 25.56 0.3188
2023-10-16 2023-09-30 13F US BANCORP DEL COM NEW 902973304 68,858 1,136 1.68 2,308 1.76 0.2797
2023-07-17 2023-06-30 13F US BANCORP DEL COM NEW 902973304 67,722 4,398 6.95 2,268 -1.86 0.2661
2023-04-17 2023-03-31 13F US BANCORP DEL COM NEW 902973304 63,324 1,565 2.53 2,311 -15.07 0.2882
2023-04-17 2022-12-31 13F/A-1 US BANCORP DEL COM NEW 902973304 61,759 5,047 8.90 2,721 17.64 0.3458
2023-01-20 2022-12-31 13F US BANCORP DEL COM NEW 902973304 61,759 5,047 2,721 0.0003
2022-10-20 2022-09-30 13F US BANCORP DEL COM NEW 902973304 56,712 530 0.94 2,313 -11.18 0.3183
2022-08-11 2022-06-30 13F US BANCORP DEL COM NEW 902973304 56,182 1,963 3.62 2,604 -9.65 0.3379
2022-04-28 2022-03-31 13F US BANCORP DEL COM NEW 902973304 54,219 -655 -1.19 2,882 -6.49 0.3328
2022-02-04 2021-12-31 13F US BANCORP DEL COM NEW 902973304 54,874 511 0.94 3,082 -4.61 0.3572
2021-10-29 2021-09-30 13F/A-1 US BANCORP DEL COM NEW 902973304 54,363 2,361 4.54 3,231 9.04 0.4244
2021-10-25 2021-09-30 13F US BANCORP DEL COM NEW 902973304 54,363 2,361 3,231 0.4223
2021-08-06 2021-06-30 13F US BANCORP DEL COM NEW 902973304 52,002 1,210 2.38 2,963 5.48 0.4120
2021-05-10 2021-03-31 13F US BANCORP DEL COM NEW 902973304 50,792 2,119 4.35 2,809 23.85 0.4269
2021-02-08 2020-12-31 13F US BANCORP DEL COM NEW 902973304 48,673 -513 -1.04 2,268 28.64 0.3835
2020-10-26 2020-09-30 13F US BANCORP DEL COM NEW 902973304 49,186 986 2.05 1,763 -0.68 0.3437
2020-08-04 2020-06-30 13F US BANCORP DEL COM NEW 902973304 48,200 -627 -1.28 1,775 5.53 0.3824
2020-04-27 2020-03-31 13F US BANCORP DEL COM NEW 902973304 48,827 -758 -1.53 1,682 -42.79 0.4408
2020-02-05 2019-12-31 13F U.S. Bancorp COM NEW 902973304 49,585 1,004 2.07 2,940 9.38 0.6173
2019-10-28 2019-09-30 13F U.S. Bancorp COM NEW 902973304 48,581 1,377 2.92 2,688 8.65 0.6278
2019-07-10 2019-06-30 13F U.S. Bancorp COM NEW 902973304 47,204 76 0.16 2,474 8.94 0.6019
2019-04-29 2019-03-31 13F U.S. Bancorp COM NEW 902973304 47,128 621 1.34 2,271 3.23 0.5806
2019-02-01 2018-12-31 13F U.S. Bancorp COM NEW 902973304 46,507 2,840 6.50 2,200 -4.60 0.6262
2018-11-13 2018-09-30 13F/A-1 U.S. Bancorp COM NEW 902973304 43,667 843 1.97 2,306 7.66 0.6119
2018-11-13 2018-09-30 13F U.S. Bancorp COM NEW 902973304 42,824 0 2,142
2018-07-23 2018-06-30 13F U.S. Bancorp COM NEW 902973304 42,824 8,572 25.03 2,142 23.82 0.6034
2018-04-17 2018-03-31 13F U.S. Bancorp COM NEW 902973304 34,252 515 1.53 1,730 -4.31 0.5132
2018-01-19 2017-12-31 13F U.S. Bancorp COM NEW 902973304 33,737 3,199 10.48 1,808 10.45 0.5338
2017-10-16 2017-09-30 13F U.S. Bancorp COM NEW 902973304 30,538 85 0.28 1,637 3.54 0.5465
2017-07-25 2017-06-30 13F U.S. Bancorp COM NEW 902973304 30,453 0 0.00 1,581 0.83 0.5608
2017-04-21 2017-03-31 13F U.S. Bancorp COM NEW 902973304 30,453 0 0.00 1,568 0.26 0.5627
2017-01-30 2016-12-31 13F U.S. Bancorp COM NEW 902973304 30,453 -162 -0.53 1,564 19.12 0.6089
2016-10-11 2016-09-30 13F U.S. Bancorp COM NEW 902973304 30,615 1,467 5.03 1,313 11.65 0.5134
2016-07-13 2016-06-30 13F U.S. Bancorp COM NEW 902973304 29,148 -425 -1.44 1,176 -2.00 0.4813
2016-04-13 2016-03-31 13F U.S. Bancorp COM NEW 902973304 29,573 1,725 6.19 1,200 1.01 0.5029
2016-01-25 2015-12-31 13F U.S. Bancorp COM NEW 902973304 27,848 395 1.44 1,188 5.51 0.5756
2015-10-14 2015-09-30 13F U.S. Bancorp Del COM NEW 902973304 27,453 8,679 46.23 1,126 38.16 0.5786
2015-07-27 2015-06-30 13F U.S. Bancorp Del COM NEW 902973304 18,774 773 4.29 815 3.69 0.3911
2015-04-15 2015-03-31 13F U.S. Bancorp Del COM NEW 902973304 18,001 1,400 8.43 786 5.36 0.3736
2015-01-22 2014-12-31 13F U S Bancorp Del COM NEW 902973304 16,601 2,451 17.32 746 26.01 0.3946
2014-10-16 2014-09-30 13F U S Bancorp Del COM NEW 902973304 14,150 1,381 10.82 592 7.05 0.3489
2014-07-14 2014-06-30 13F U S Bancorp Del COM NEW 902973304 12,769 75 0.59 553 1.65 0.3279
2014-04-07 2014-03-31 13F U S Bancorp Del COM NEW 902973304 12,694 1,975 18.43 544 25.64 0.3327
2014-01-16 2013-12-31 13F U S Bancorp Del COM NEW 902973304 10,719 10,719 433 0.2888
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.