U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionRathbone Brothers plc
Latest Disclosed Ownership2,376,051 shares
Latest Disclosed Value $ 123,578,412
Rathbone Brothers plc reports 25.33% increase in ownership of USB / U.S. Bancorp

On May 12, 2026 - Rathbone Brothers plc filed a 13F-HR form disclosing ownership of 2,376,051 shares of U.S. Bancorp (CH:USB) valued at $123,578,412 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 6, 2026 disclosing 1,895,905 shares of U.S. Bancorp. This represents a change in shares of 25.33% 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)
2026-05-12 2026-03-31 13F US BANCORP DEL USD0.01 COM 902973304 2,376,051 480,146 25.33 123,578 22.15 0.5280
2026-02-06 2025-12-31 13F/A-1 US BANCORP DEL USD0.01 COM 902973304 1,895,905 4,063 0.21 101,165 10.65 0.4005
2026-01-21 2025-12-31 13F US BANCORP DEL USD0.01 COM 902973304 1,895,905 4,063 101,165 0.4005
2025-11-13 2025-09-30 13F US BANCORP DEL USD0.01 COM 902973304 1,891,842 -5,547 -0.29 91,433 6.49 0.3713
2025-08-07 2025-06-30 13F US BANCORP DEL USD0.01 COM 902973304 1,897,389 16,036 0.85 85,857 8.09 0.3703
2025-05-13 2025-03-31 13F US BANCORP DEL USD0.01 COM 902973304 1,881,353 186,326 10.99 79,431 -2.03 0.3838
2025-02-13 2024-12-31 13F US BANCORP DEL USD0.01 COM 902973304 1,695,027 79,067 4.89 81,073 9.71 0.3925
2024-11-13 2024-09-30 13F US BANCORP DEL USD0.01 COM 902973304 1,615,960 19,448 1.22 73,898 16.59 0.3729
2024-08-09 2024-06-30 13F US BANCORP DEL USD0.01 COM 902973304 1,596,512 226,022 16.49 63,382 3.46 0.3452
2024-05-14 2024-03-31 13F US BANCORP DEL USD0.01 COM 902973304 1,370,490 -25,547 -1.83 61,261 1.39 0.3535
2024-02-13 2023-12-31 13F US BANCORP DEL USD0.01 COM 902973304 1,396,037 33,113 2.43 60,420 34.09 0.3894
2023-11-13 2023-09-30 13F US BANCORP DEL USD0.01 COM 902973304 1,362,924 80,626 6.29 45,058 6.35 0.3268
2023-08-04 2023-06-30 13F US BANCORP DEL USD0.01 COM 902973304 1,282,298 432,824 50.95 42,367 38.35 0.3954
2023-05-12 2023-03-31 13F US BANCORP DEL USD0.01 COM 902973304 849,474 134,037 18.73 30,624 -1.85 0.3131
2023-02-14 2022-12-31 13F US BANCORP DEL USD0.01 COM 902973304 715,437 -21,338 -2.90 31,200 5.03 0.3513
2022-11-14 2022-09-30 13F/A-1 US BANCORP DEL USD0.01 COM 902973304 736,775 17,800 2.48 29,707 -10.22 0.3665
2022-11-03 2022-09-30 13F US BANCORP DEL USD0.01 COM 902973304 736,775 17,800 29,707 0.3665
2022-08-12 2022-06-30 13F US BANCORP DEL USD0.01 COM 902973304 718,975 42,914 6.35 33,087 -7.92 0.3793
2022-05-11 2022-03-31 13F US BANCORP DEL USD0.01 COM 902973304 676,061 87,025 14.77 35,933 8.60 0.3666
2022-02-10 2021-12-31 13F US BANCORP DEL USD0.01 COM 902973304 589,036 25,155 4.46 33,086 -1.29 0.3215
2021-11-04 2021-09-30 13F US BANCORP DEL USD0.01 COM 902973304 563,881 8,700 1.57 33,517 5.97 0.3606
2021-07-30 2021-06-30 13F US BANCORP DEL USD0.01 COM 902973304 555,181 36,870 7.11 31,629 10.33 0.3514
2021-05-14 2021-03-31 13F US BANCORP DEL USD0.01 COM 902973304 518,311 43,761 9.22 28,668 29.67 0.3671
2021-02-11 2020-12-31 13F US BANCORP DEL USD0.01 COM 902973304 474,550 5,790 1.24 22,109 31.56 0.3139
2020-11-13 2020-09-30 13F US BANCORP DEL USD0.01 COM 902973304 468,760 33,294 7.65 16,805 4.81 0.2875
2020-08-07 2020-06-30 13F US BANCORP DEL USD0.01 COM 902973304 435,466 85,086 24.28 16,034 32.83 0.3255
2020-05-04 2020-03-31 13F US BANCORP DEL USD0.01 COM 902973304 350,380 142,330 68.41 12,071 -2.14 0.3516
2020-02-11 2019-12-31 13F US BANCORP DEL USD0.01 COM 902973304 208,050 -24,900 -10.69 12,335 -4.31 0.3247
2019-11-13 2019-09-30 13F US BANCORP DEL USD0.01 COM 902973304 232,950 91,970 65.24 12,891 74.51 0.3661
2019-08-12 2019-06-30 13F US BANCORP DEL USD0.01 COM 902973304 140,980 1,500 1.08 7,387 9.89 0.2313
2019-05-09 2019-03-31 13F US BANCORP DEL USD0.01 COM 902973304 139,480 -43,261 -23.67 6,722 -19.51 0.2210
2019-02-12 2018-12-31 13F US BANCORP DEL USD0.01 COM 902973304 182,741 29,500 19.25 8,351 3.19 0.3201
2018-10-12 2018-09-30 13F US BANCORP DEL USD0.01 COM 902973304 153,241 21,500 16.32 8,093 22.81 0.2749
2018-07-16 2018-06-30 13F US BANCORP DEL USD0.01 COM 902973304 131,741 131,741 6,590 0.2497
2016-04-08 2016-03-31 13F US BANCORP DEL US$0.01 COM 902973304 0 0 0 0.0000
2016-01-19 2015-12-31 13F US BANCORP DEL US$0.01 COM 902973304 0 -12,363 -100.00 0 -100.00
2015-10-27 2015-09-30 13F US BANCORP DEL USD0.01 COM 902973304 12,363 -1,123 -8.33 507 -13.33 0.0338
2015-08-05 2015-06-30 13F US BANCORP DEL USD0.01 COM 902973304 13,486 0 0.00 585 -0.68 0.0380
2015-04-10 2015-03-31 13F US BANCORP DEL USD0.01 COM 902973304 13,486 0 0.00 589 -2.81 0.0390
2015-01-21 2014-12-31 13F US BANCORP DEL USD0.01 COM 902973304 13,486 -156 -1.14 606 6.13 0.0398
2014-10-23 2014-09-30 13F US BANCORP DEL US$0.01 COM 902973304 13,642 0 0.00 571 -3.38 0.0397
2014-07-02 2014-06-30 13F US BANCORP DEL US$0.01 COM 902973304 13,642 0 0.00 591 1.03 0.0418
2014-04-11 2014-03-31 13F/A-1 US BANCORP DEL US$0.01 COM 902973304 13,642 0 0.00 585 6.17 0.0469
2014-04-10 2014-03-31 13F POWERSHARES QQQ Unit Series 1 COM 902973304 2,350 206
2014-01-10 2013-12-31 13F US BANCORP DEL US$0.01 COM 902973304 13,642 -3,430 -20.09 551 -11.70 0.0550
2013-10-11 2013-09-30 13F US BANCORP DEL US$0.01 COM 902973304 17,072 0 0.00 624 1.13 0.0727
2013-08-06 2013-06-30 13F US BANCORP DEL US$0.01 COM 902973304 17,072 17,072 617 0.0831
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.