U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionWelch & Forbes Llc
Latest Disclosed Ownership24,605 shares
Latest Disclosed Value $ 1,279,707
Welch & Forbes Llc ownership in USB / U.S. Bancorp

On May 1, 2026 - Welch & Forbes Llc filed a 13F-HR form disclosing ownership of 24,605 shares of U.S. Bancorp (CH:USB) valued at $1,279,707 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 24,605 shares of U.S. Bancorp. This represents a change in shares of 0.00% 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)
2026-05-01 2026-03-31 13F US BANCORP COM NEW 902973304 24,605 0 0.00 1,280 -2.52 0.0165
2026-02-10 2025-12-31 13F US BANCORP DEL COM NEW 902973304 24,605 308 1.27 1,313 11.75 0.0159
2025-11-04 2025-09-30 13F US BANCORP DEL COM NEW 902973304 24,297 -1,200 -4.71 1,174 1.82 0.0141
2025-08-05 2025-06-30 13F US BANCORP DEL COM NEW 902973304 25,497 -1,490 -5.52 1,154 1.23 0.0144
2025-05-02 2025-03-31 13F US BANCORP DEL COM NEW 902973304 26,987 -521 -1.89 1,139 -13.38 0.0149
2025-02-07 2024-12-31 13F US BANCORP DEL COM NEW 902973304 27,508 -985 -3.46 1,316 1.00 0.0169
2024-11-04 2024-09-30 13F US BANCORP DEL COM NEW 902973304 28,493 -4,325 -13.18 1,303 -0.46 0.0166
2024-08-02 2024-06-30 13F US BANCORP DEL COM NEW 902973304 32,818 -1,716 -4.97 1,308 -15.23 0.0175
2024-05-03 2024-03-31 13F US BANCORP DEL COM NEW 902973304 34,534 -3,233 -8.56 1,544 -5.57 0.0212
2024-02-06 2023-12-31 13F US BANCORP DEL COM NEW 902973304 37,767 -94,633 -71.48 1,635 -62.67 0.0247
2023-11-03 2023-09-30 13F US BANCORP DEL COM NEW 902973304 132,400 -8,834 -6.25 4,377 -6.19 0.0724
2023-07-28 2023-06-30 13F US BANCORP DEL COM NEW 902973304 141,234 -6,695 -4.53 4,666 -12.49 0.0736
2023-04-14 2023-03-31 13F US BANCORP DEL COM NEW 902973304 147,929 -54,612 -26.96 5,333 -39.63 0.0903
2023-02-02 2022-12-31 13F US BANCORP DEL COM NEW 902973304 202,541 -5,252 -2.53 8,833 5.42 0.1583
2022-10-31 2022-09-30 13F US BANCORP DEL COM NEW 902973304 207,793 -3,437 -1.63 8,378 -13.82 0.1636
2022-07-22 2022-06-30 13F US BANCORP DEL COM NEW 902973304 211,230 -4,185 -1.94 9,721 -15.09 0.1779
2022-04-25 2022-03-31 13F US BANCORP DEL COM NEW 902973304 215,415 -1,880 -0.87 11,449 -6.19 0.1804
2022-01-19 2021-12-31 13F US BANCORP DEL COM NEW 902973304 217,295 -2,567 -1.17 12,205 -6.60 0.1827
2021-10-13 2021-09-30 13F US BANCORP DEL COM NEW 902973304 219,862 -6,681 -2.95 13,067 1.25 0.2172
2021-07-22 2021-06-30 13F US BANCORP DEL COM NEW 902973304 226,543 195 0.09 12,906 3.08 0.2181
2021-04-14 2021-03-31 13F US BANCORP DEL COM NEW 902973304 226,348 -24,041 -9.60 12,520 7.32 0.2312
2021-01-20 2020-12-31 13F US BANCORP DEL COM NEW 902973304 250,389 -12,868 -4.89 11,666 23.59 0.2282
2020-10-23 2020-09-30 13F US BANCORP DEL COM NEW 902973304 263,257 -4,741 -1.77 9,439 -4.34 0.2037
2020-07-15 2020-06-30 13F US BANCORP DEL COM NEW 902973304 267,998 -6,497 -2.37 9,867 4.35 0.2311
2020-04-17 2020-03-31 13F US BANCORP DEL COM NEW 902973304 274,495 -44,135 -13.85 9,456 -49.94 0.2641
2020-01-17 2019-12-31 13F US BANCORP DEL COM NEW 902973304 318,630 -350 -0.11 18,891 7.02 0.4203
2019-10-11 2019-09-30 13F US BANCORP DEL COM NEW 902973304 318,980 6,752 2.16 17,652 7.89 0.4213
2019-07-12 2019-06-30 13F US BANCORP DEL COM NEW 902973304 312,228 -15,625 -4.77 16,361 3.56 0.3983
2019-04-29 2019-03-31 13F US BANCORP DEL COM NEW 902973304 327,853 -15,078 -4.40 15,799 0.81 0.3964
2019-02-05 2018-12-31 13F US BANCORP DEL COM NEW 902973304 342,931 -3,016 -0.87 15,672 -14.22 0.4418
2018-10-17 2018-09-30 13F US BANCORP DEL COM NEW 902973304 345,947 -4,040 -1.15 18,269 4.36 0.4355
2018-07-16 2018-06-30 13F US BANCORP DEL COM NEW 902973304 349,987 -11,174 -3.09 17,506 -4.02 0.4526
2018-04-12 2018-03-31 13F US BANCORP DEL COM NEW 902973304 361,161 -7,024 -1.91 18,239 -7.55 0.4700
2018-01-26 2017-12-31 13F US BANCORP DEL COM NEW 902973304 368,185 4,860 1.34 19,728 1.33 0.5266
2017-11-13 2017-09-30 13F US BANCORP DEL COM NEW 902973304 363,325 -4,400 -1.20 19,470 1.98 0.5125
2017-07-31 2017-06-30 13F US BANCORP DEL COM NEW 902973304 367,725 25,843 7.56 19,092 8.43 0.5336
2017-07-31 2017-03-31 13F/A-1 US BANCORP DEL COM NEW 902973304 341,882 -4,473 -1.29 17,607 -1.04 0.5039
2017-04-27 2017-03-31 13F US BANCORP DEL COM NEW 902973304 343,332 17,682
2017-02-07 2016-12-31 13F US BANCORP DEL COM NEW 902973304 346,355 1,586 0.46 17,792 20.32 0.5324
2016-11-02 2016-09-30 13F US BANCORP DEL COM NEW 902973304 344,769 3,151 0.92 14,787 7.33 0.5113
2016-08-02 2016-06-30 13F US BANCORP DEL COM NEW 902973304 341,618 3,500 1.04 13,777 0.39 0.4198
2016-05-05 2016-03-31 13F US BANCORP DEL COM NEW 902973304 338,118 3,083 0.92 13,724 -4.00 0.4274
2016-01-27 2015-12-31 13F US BANCORP DEL COM NEW 902973304 335,035 3,456 1.04 14,296 5.13 0.4587
2015-11-05 2015-09-30 13F US BANCORP DEL COM NEW 902973304 331,579 600 0.18 13,599 -5.33 0.4539
2015-08-11 2015-06-30 13F US BANCORP DEL COM NEW 902973304 330,979 960 0.29 14,365 -0.33 0.4469
2015-04-30 2015-03-31 13F US BANCORP DEL COM NEW 902973304 330,019 330,019 0.00 14,412 0.4330
2015-01-27 2014-12-31 13F US BANCORP DEL COM NEW 902973304 0 -328,098 -100.00 0 -100.00
2014-10-27 2014-09-30 13F US BANCORP DEL COM NEW 902973304 328,098 1,100 0.34 13,725 -3.11 0.4190
2014-07-31 2014-06-30 13F US BANCORP DEL COM NEW 902973304 326,998 -2,201 -0.67 14,166 0.40 0.4471
2014-05-01 2014-03-31 13F US BANCORP DEL COM NEW 902973304 329,199 4,086 1.26 14,110 7.43 0.4469
2014-01-17 2013-12-31 13F US BANCORP DEL COM NEW 902973304 325,113 -15,043 -4.42 13,134 5.56 0.4158
2013-10-31 2013-09-30 13F US BANCORP DEL COM NEW 902973304 340,156 53,158 18.52 12,442 19.92 0.4188
2013-08-08 2013-06-30 13F US BANCORP DEL COM NEW 902973304 286,998 286,998 10,375 0.3709
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.