U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionSmith, Salley & Associates
Latest Disclosed Ownership13,563 shares
Latest Disclosed Value $ 705,412
Smith, Salley & Associates reports 1.94% decrease in ownership of USB / U.S. Bancorp

On April 16, 2026 - Smith, Salley & Associates filed a 13F-HR form disclosing ownership of 13,563 shares of U.S. Bancorp (CH:USB) valued at $705,412 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 27, 2026 disclosing 13,832 shares of U.S. Bancorp. This represents a change in shares of -1.94% 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)
2026-04-16 2026-03-31 13F US BANCORP COM NEW 902973304 13,563 -269 -1.94 705 -4.47 0.0355
2026-01-27 2025-12-31 13F US BANCORP DEL COM NEW 902973304 13,832 0 0.00 738 10.48 0.0366
2025-10-20 2025-09-30 13F US BANCORP DEL COM NEW 902973304 13,832 -134 -0.96 669 5.86 0.0344
2025-07-17 2025-06-30 13F US BANCORP DEL COM NEW 902973304 13,966 13,966 632 0.0366
2025-04-25 2025-03-31 13F US BANCORP DEL COM NEW 902973304 0 -43,000 -100.00 0 -100.00
2025-01-15 2024-12-31 13F US BANCORP DEL COM NEW 902973304 43,000 61 0.14 2,057 4.74 0.1321
2024-10-24 2024-09-30 13F US BANCORP DEL COM NEW 902973304 42,939 282 0.66 1,964 15.95 0.1284
2024-07-29 2024-06-30 13F US BANCORP DEL COM NEW 902973304 42,657 537 1.27 1,693 -10.04 0.1215
2024-05-02 2024-03-31 13F US BANCORP DEL COM NEW 902973304 42,120 -12,603 -23.03 1,883 -20.52 0.1461
2024-01-24 2023-12-31 13F US BANCORP DEL COM NEW 902973304 54,723 54,723 2,368 0.1530
2023-08-04 2023-06-30 13F US BANCORP DEL COM NEW 902973304 0 -70,374 -100.00 0 -100.00
2023-05-03 2023-03-31 13F US BANCORP DEL COM NEW 902973304 70,374 12,983 22.62 2,537 1.36 0.2018
2023-02-03 2022-12-31 13F US BANCORP DEL COM NEW 902973304 57,391 -12,080 -17.39 2,503 -10.67 0.2141
2022-11-01 2022-09-30 13F US BANCORP DEL COM NEW 902973304 69,471 236 0.34 2,801 -12.11 0.2606
2022-08-01 2022-06-30 13F US BANCORP DEL COM NEW 902973304 69,235 2,510 3.76 3,187 -10.12 0.2757
2022-05-10 2022-03-31 13F US BANCORP DEL COM NEW 902973304 66,725 -1,349 -1.98 3,546 -7.25 0.2609
2022-02-10 2021-12-31 13F US BANCORP DEL COM NEW 902973304 68,074 1,766 2.66 3,823 -2.99 0.2708
2021-11-05 2021-09-30 13F US BANCORP DEL COM NEW 902973304 66,308 2,714 4.27 3,941 8.78 0.3101
2021-08-09 2021-06-30 13F US BANCORP DEL COM NEW 902973304 63,594 671 1.07 3,623 4.11 0.2932
2021-04-30 2021-03-31 13F US BANCORP DEL COM NEW 902973304 62,923 1,654 2.70 3,480 21.93 0.3123
2021-01-28 2020-12-31 13F US BANCORP DEL COM NEW 902973304 61,269 -179,865 -74.59 2,854 -66.98 0.2891
2020-11-05 2020-09-30 13F US BANCORP DEL COM NEW 902973304 241,134 7,185 3.07 8,643 0.34 1.0450
2020-08-04 2020-06-30 13F US BANCORP DEL COM NEW 902973304 233,949 14,295 6.51 8,614 13.84 1.1496
2020-04-24 2020-03-31 13F US BANCORP DEL COM NEW 902973304 219,654 176 0.08 7,567 -41.85 1.2587
2020-01-27 2019-12-31 13F US BANCORP DEL COM NEW 902973304 219,478 5,770 2.70 13,012 10.02 1.7158
2019-10-30 2019-09-30 13F US BANCORP DEL COM NEW 902973304 213,708 9,504 4.65 11,827 10.53 1.6807
2019-07-12 2019-06-30 13F US BANCORP DEL COM NEW 902973304 204,204 9,023 4.62 10,700 13.77 1.6132
2019-05-03 2019-03-31 13F US BANCORP DEL COM NEW 902973304 195,181 47,559 32.22 9,405 39.42 1.5138
2019-02-05 2018-12-31 13F US BANCORP DEL COM NEW 902973304 147,622 -53,421 -26.57 6,746 -36.45 1.2418
2018-11-06 2018-09-30 13F US BANCORP DEL COM NEW 902973304 201,043 1,110 0.56 10,616 6.15 1.6753
2018-08-10 2018-06-30 13F US BANCORP DEL COM NEW 902973304 199,933 8,648 4.52 10,001 3.54 1.7123
2018-05-09 2018-03-31 13F US BANCORP DEL COM NEW 902973304 191,285 191,285 9,659 1.7315
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.