U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionKLCM Advisors, Inc.
Latest Disclosed Ownership111,552 shares
Latest Disclosed Value $ 5,801,836
KLCM Advisors, Inc. reports 15.04% decrease in ownership of USB / U.S. Bancorp

On April 30, 2026 - KLCM Advisors, Inc. filed a 13F-HR form disclosing ownership of 111,552 shares of U.S. Bancorp (US:USB) valued at $5,801,820 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 131,292 shares of U.S. Bancorp. This represents a change in shares of -15.04% during the quarter. The current value of the position is $6,212,331 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)
2026-04-30 2026-03-31 13F US BANCORP COM NEW 902973304 111,552 -19,740 -15.04 5,802 -17.19 0.4894
2026-02-04 2025-12-31 13F US BANCORP DEL COM NEW 902973304 131,292 3,353 2.62 7,006 13.29 0.6016
2025-11-13 2025-09-30 13F US Bancorp COM 902973304 127,939 -3,430 -2.61 6,183 4.02 0.6166
2025-08-04 2025-06-30 13F US Bancorp COM 902973304 131,369 1,325 1.02 5,944 8.27 0.6320
2025-05-13 2025-03-31 13F US Bancorp COM 902973304 130,044 -1,072 -0.82 5,490 -12.45 0.6423
2025-01-31 2024-12-31 13F US Bancorp COM 902973304 131,116 -340 -0.26 6,271 4.33 0.7273
2024-11-07 2024-09-30 13F US Bancorp COM 902973304 131,456 -745 -0.56 6,011 14.54 0.7135
2024-08-14 2024-06-30 13F US Bancorp COM 902973304 132,201 -1,425 -1.07 5,248 -12.14 0.6484
2024-05-16 2024-03-31 13F US Bancorp COM 902973304 133,626 925 0.70 5,973 4.00 0.7669
2024-01-31 2023-12-31 13F US Bancorp COM 902973304 132,701 961 0.73 5,743 31.87 0.8868
2023-11-07 2023-09-30 13F US BanCorp. COM 902973304 131,740 3,287 2.56 4,355 2.62 0.8188
2023-08-09 2023-06-30 13F US BanCorp. COM 902973304 128,453 2,993 2.39 4,244 -6.15 0.8305
2023-05-11 2023-03-31 13F US BanCorp. COM 902973304 125,460 -11,250 -8.23 4,523 -24.14 0.8972
2023-02-10 2022-12-31 13F US BanCorp. COM 902973304 136,710 18,900 16.04 5,962 25.49 1.2112
2022-11-14 2022-09-30 13F US Bancorp COM 902973304 117,810 7,105 6.42 4,750 -6.77 1.1153
2022-08-04 2022-06-30 13F US Bancorp COM 902973304 110,705 55,295 99.79 5,095 73.01 1.1337
2022-05-03 2022-03-31 13F US Bancorp COM 902973304 55,410 -500 -0.89 2,945 -6.21 0.6233
2022-01-31 2021-12-31 13F US Bancorp COM 902973304 55,910 -418 -0.74 3,140 -6.21 0.6838
2021-11-16 2021-09-30 13F US Bancorp COM 902973304 56,328 48 0.09 3,348 4.43 0.7192
2021-08-03 2021-06-30 13F US Bancorp COM 902973304 56,280 -41,644 -42.53 3,206 -40.81 0.7094
2021-04-21 2021-03-31 13F US Bancorp COM 902973304 97,924 1,375 1.42 5,416 20.41 1.2285
2021-01-26 2020-12-31 13F US Bancorp COM 902973304 96,549 1,025 1.07 4,498 31.33 1.1165
2020-11-03 2020-09-30 13F US Bancorp COM 902973304 95,524 966 1.02 3,425 -1.64 0.9973
2020-07-27 2020-06-30 13F US Bancorp COM 902973304 94,558 37,675 66.23 3,482 77.65 0.9905
2020-05-13 2020-03-31 13F US Bancorp COM 902973304 56,883 361 0.64 1,960 -41.51 0.6208
2020-02-04 2019-12-31 13F US Bancorp COM 902973304 56,522 3,779 7.16 3,351 14.80 0.7434
2019-11-12 2019-09-30 13F/A-2 US Bancorp COM 902973304 52,743 -100 -0.19 2,919 5.42 0.7439
2019-11-04 2019-09-30 13F/A-1 US Bancorp COM 902973304 52,743 0 2,919 0.7994
2019-11-01 2019-09-30 13F US Bancorp COM 902973304 52,743 2,919
2019-08-15 2019-06-30 13F US Bancorp COM 902973304 52,843 45 0.09 2,769 8.84 0.6815
2019-05-14 2019-03-31 13F US Bancorp COM 902973304 52,798 0 0.00 2,544 5.43 0.6257
2019-02-14 2018-12-31 13F US Bancorp COM 902973304 52,798 321 0.61 2,413 -12.92 0.7067
2018-11-14 2018-09-30 13F US Bancorp COM 902973304 52,477 0 0.00 2,771 5.56 0.6814
2018-08-09 2018-06-30 13F US Bancorp COM 902973304 52,477 -1,079 -2.01 2,625 -2.96 0.6920
2018-05-10 2018-03-31 13F US Bancorp COM 902973304 53,556 216 0.40 2,705 -5.35 0.7337
2018-02-15 2017-12-31 13F US Bancorp COM 902973304 53,340 99 0.19 2,858 0.18 0.7018
2017-11-14 2017-09-30 13F US Bancorp COM 902973304 53,241 0 0.00 2,853 3.22 0.7450
2017-08-15 2017-06-30 13F US Bancorp COM 902973304 53,241 200 0.38 2,764 1.17 0.7543
2017-05-09 2017-03-31 13F US Bancorp COM 902973304 53,041 -400 -0.75 2,732 -0.47 0.7711
2017-02-13 2016-12-31 13F US Bancorp COM 902973304 53,441 400 0.75 2,745 20.66 0.8075
2016-11-09 2016-09-30 13F US Bancorp COM 902973304 53,041 0 0.00 2,275 6.36 0.7241
2016-08-08 2016-06-30 13F US Bancorp COM 902973304 53,041 5,677 11.99 2,139 11.23 0.7397
2016-04-27 2016-03-31 13F US Bancorp COM 902973304 47,364 0 0.00 1,923 -4.85 0.6678
2016-02-11 2015-12-31 13F US Bancorp COM 902973304 47,364 -16,000 -25.25 2,021 -22.24 0.7296
2015-11-12 2015-09-30 13F US Bancorp Com 902973304 63,364 -6,080 -8.76 2,599 -13.77 0.9198
2015-08-24 2015-06-30 13F US Bancorp Com 902973304 69,444 -80,174 -53.59 3,014 -53.87 0.7602
2015-05-13 2015-03-31 13F US Bancorp Com 902973304 149,618 149,618 0.00 6,534 1.8146
2015-02-03 2014-12-31 13F US Bancorp Com 902973304 0 -149,148 -100.00 0 -100.00
2014-11-12 2014-09-30 13F US Bancorp Com 902973304 149,148 0 0.00 6,239 -3.44 1.6519
2014-08-06 2014-06-30 13F US Bancorp Com 902973304 149,148 0 0.00 6,461 1.08 1.5079
2014-05-14 2014-03-31 13F US Bancorp Com 902973304 149,148 0 0.00 6,392 6.07 1.7030
2014-02-11 2013-12-31 13F US Bancorp Com 902973304 149,148 0 0.00 6,026 10.45 1.6462
2013-11-18 2013-09-30 13F US Bancorp Com 902973304 149,148 -4,200 -2.74 5,456 -1.59 1.5554
2013-08-13 2013-06-30 13F US Bancorp Com 902973304 153,348 153,348 5,544 1.7467
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.