U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionEmpirical Finance, LLC
Latest Disclosed Ownership49,103 shares
Latest Disclosed Value $ 2,553,847
Empirical Finance, LLC reports 0.09% decrease in ownership of USB / U.S. Bancorp

On May 14, 2026 - Empirical Finance, LLC filed a 13F-HR/A form disclosing ownership of 49,103 shares of U.S. Bancorp (US:USB) valued at $2,553,847 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 49,147 shares of U.S. Bancorp. This represents a change in shares of -0.09% during the quarter. The current value of the position is $2,734,546 USD.

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)
2026-05-14 2026-03-31 13F/A-1 US BANCORP COM NEW 902973304 49,103 -44 -0.09 2,554 -2.63 0.1200
2026-05-14 2026-03-31 13F US BANCORP COM NEW 902973304 49,103 -44 2,554 0.1200
2026-02-12 2025-12-31 13F US BANCORP DEL COM NEW 902973304 49,147 -2,110 -4.12 2,622 5.85 0.1251
2025-11-13 2025-09-30 13F US BANCORP DEL COM NEW 902973304 51,257 520 1.02 2,477 7.93 0.1179
2025-08-11 2025-06-30 13F US BANCORP DEL COM NEW 902973304 50,737 364 0.72 2,296 7.95 0.1202
2025-05-07 2025-03-31 13F US BANCORP DEL COM NEW 902973304 50,373 948 1.92 2,127 -10.03 0.1284
2025-01-28 2024-12-31 13F US BANCORP DEL COM NEW 902973304 49,425 -557 -1.11 2,364 3.41 0.1368
2024-11-06 2024-09-30 13F US BANCORP DEL COM NEW 902973304 49,982 1,459 3.01 2,286 18.64 0.1333
2024-07-30 2024-06-30 13F US BANCORP DEL COM NEW 902973304 48,523 -2,203 -4.34 1,926 -15.04 0.1203
2024-05-06 2024-03-31 13F US BANCORP DEL COM NEW 902973304 50,726 1,949 4.00 2,267 7.39 0.1392
2024-02-14 2023-12-31 13F US BANCORP DEL COM NEW 902973304 48,777 834 1.74 2,111 33.27 0.1472
2023-11-02 2023-09-30 13F US BANCORP DEL COM NEW 902973304 47,943 5,188 12.13 1,585 12.18 0.1164
2023-07-27 2023-06-30 13F US BANCORP DEL COM NEW 902973304 42,755 4,780 12.59 1,413 3.22 0.1094
2023-04-05 2023-03-31 13F US BANCORP DEL COM NEW 902973304 37,975 1,771 4.89 1,369 -13.31 0.1282
2023-02-21 2022-12-31 13F/A-1 US BANCORP DEL COM NEW 902973304 36,204 2,992 9.01 1,579 17.85 0.1635
2023-01-24 2022-12-31 13F US BANCORP DEL COM NEW 902973304 36,204 2,992 2 0.1635
2022-11-04 2022-09-30 13F US BANCORP DEL COM NEW 902973304 33,212 5,375 19.31 1,339 4.53 0.1588
2022-08-01 2022-06-30 13F US BANCORP DEL COM NEW 902973304 27,837 1,468 5.57 1,281 -8.63 0.1633
2022-04-21 2022-03-31 13F US BANCORP DEL COM NEW 902973304 26,369 5,218 24.67 1,402 18.01 0.1570
2022-02-04 2021-12-31 13F US BANCORP DEL COM NEW 902973304 21,151 3,627 20.70 1,188 14.01 0.1403
2021-11-12 2021-09-30 13F US BANCORP DEL COM NEW 902973304 17,524 964 5.82 1,042 10.50 0.1571
2021-08-10 2021-06-30 13F/A-1 US BANCORP DEL COM NEW 902973304 16,560 2,330 16.37 943 42.23 0.1537
2021-08-04 2021-06-30 13F US BANCORP DEL COM NEW 902973304 14,230 0 663 0.1166
2021-05-13 2021-03-31 13F US BANCORP DEL COM NEW 902973304 14,230 0 0.00 663 0.00 0.1166
2021-02-02 2020-12-31 13F US BANCORP DEL COM NEW 902973304 14,230 2,385 20.14 663 56.00 0.1166
2020-10-28 2020-09-30 13F/A-1 US BANCORP DEL COM NEW 902973304 11,845 2,154 22.23 425 19.05 0.0911
2020-10-26 2020-09-30 13F US BANCORP DEL COM NEW 902973304 3,628 -6,063 201 56,129.4160
2020-07-20 2020-06-30 13F/A-1 US BANCORP DEL COM NEW 902973304 9,691 1,150 13.46 357 21.43 0.0913
2020-07-20 2020-06-30 13F US BANCORP DEL COM NEW 902973304 4,742 357
2020-04-16 2020-03-31 13F US BANCORP DEL COM NEW 902973304 8,541 2,943 52.57 294 -11.45 0.0914
2020-01-27 2019-12-31 13F US BANCORP DEL COM NEW 902973304 5,598 1,970 54.30 332 65.17 0.0807
2019-10-30 2019-09-30 13F US BANCORP DEL COM NEW 902973304 3,628 3,628 -35.19 201 -39.46 0.0561
2017-05-11 2017-03-31 13F US BANCORP DEL COM NEW 902973304 0 -801 -100.00 0 -100.00
2017-02-13 2016-12-31 13F US BANCORP DEL COM NEW 902973304 801 801 42 0.0283
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.