U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionQsemble Capital Management, LP
Latest Disclosed Ownership99,980 shares
Latest Disclosed Value $ 5,199,960
Qsemble Capital Management, LP reports 38.09% decrease in ownership of USB / U.S. Bancorp

On May 7, 2026 - Qsemble Capital Management, LP filed a 13F-HR form disclosing ownership of 99,980 shares of U.S. Bancorp (CH:USB) valued at $5,199,960 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 5, 2026 disclosing 161,484 shares of U.S. Bancorp. This represents a change in shares of -38.09% 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)
2026-05-07 2026-03-31 13F US BANCORP COM NEW 902973304 99,980 -61,504 -38.09 5,200 -39.66 0.3973
2026-02-05 2025-12-31 13F US BANCORP DEL COM NEW 902973304 161,484 -37,822 -18.98 8,617 -10.55 0.7128
2025-11-13 2025-09-30 13F US BANCORP DEL COM NEW 902973304 199,306 -27,121 -11.98 9,632 -5.98 0.9432
2025-08-11 2025-06-30 13F US BANCORP DEL COM NEW 902973304 226,427 66,496 41.58 10,246 51.73 0.9822
2025-05-12 2025-03-31 13F US BANCORP DEL COM NEW 902973304 159,931 159,931 6,752 0.7174
2024-11-13 2024-09-30 13F US BANCORP DEL COM NEW 902973304 0 -40,792 -100.00 0 -100.00
2024-08-07 2024-06-30 13F US BANCORP DEL COM NEW 902973304 40,792 40,792 1,619 0.3073
2023-08-11 2023-06-30 13F US BANCORP DEL COM NEW 902973304 0 -7,700 -100.00 0 -100.00
2023-05-10 2023-03-31 13F US BANCORP DEL COM NEW 902973304 7,700 7,700 278 0.1870
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.