U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionNational Pension Service
Latest Disclosed Ownership4,010,770 shares
Latest Disclosed Value $ 208,600,148
National Pension Service reports 8.90% increase in ownership of USB / U.S. Bancorp

On May 12, 2026 - National Pension Service filed a 13F-HR form disclosing ownership of 4,010,770 shares of U.S. Bancorp (US:USB) valued at $208,600,148 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 3,683,105 shares of U.S. Bancorp. This represents a change in shares of 8.90% during the quarter. The current value of the position is $223,359,781 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)
2026-05-12 2026-03-31 13F US BANCORP COM NEW 902973304 4,010,770 327,665 8.90 208,600 6.14 0.1584
2026-02-10 2025-12-31 13F US BANCORP DEL US BANCORP DEL 902973304 3,683,105 -11,680 -0.32 196,530 10.06 0.1455
2025-11-04 2025-09-30 13F US BANCORP DEL COM NEW 902973304 3,694,785 85,719 2.38 178,569 9.34 0.1387
2025-08-08 2025-06-30 13F US BANCORP DEL COM NEW 902973304 3,609,066 187,935 5.49 163,310 13.06 0.1410
2025-05-13 2025-03-31 13F US BANCORP DEL COM NEW 902973304 3,421,131 202,452 6.29 144,440 -6.18 0.1388
2025-02-05 2024-12-31 13F US BANCORP DEL COM NEW 902973304 3,218,679 -433,343 -11.87 153,949 -7.82 0.1457
2024-10-30 2024-09-30 13F USBANCORPDEL COMNEW 902973304 3,652,022 394,178 12.10 167,007 29.13 0.1611
2024-08-13 2024-06-30 13F US BANCORP DEL COM NEW 902973304 3,257,844 123,192 3.93 129,336 -7.69 0.1486
2024-05-14 2024-03-31 13F US BANCORP DEL COM NEW 902973304 3,134,652 48,186 1.56 140,119 4.89 0.1681
2024-02-07 2023-12-31 13F US BANCORP DEL COM NEW 902973304 3,086,466 78,662 2.62 133,582 34.50 0.1860
2023-11-15 2023-09-30 13F US BANCORP DEL COM NEW 902973304 3,007,804 53,311 1.80 99,318 2.61 0.1589
2023-08-16 2023-06-30 13F US BANCORP DEL COM NEW 902973304 2,954,493 699,085 31.00 96,789 21.06 0.1561
2023-05-12 2023-03-31 13F US BANCORP DEL COM NEW 902973304 2,255,408 95,759 4.43 79,954 -15.11 0.1456
2023-02-24 2022-12-31 13F/A-1 US BANCORP DEL COM NEW 902973304 2,159,649 37,291 1.76 94,182 8.95 0.1853
2023-02-21 2022-12-31 13F US BANCORP DEL COM NEW 902973304 2,159,649 37,291 94 0.1853
2023-02-24 2022-09-30 13F/A-1 US BANCORP DEL COM NEW 902973304 2,122,358 77,390 3.78 86,444 -8.15 0.1804
2022-11-18 2022-09-30 13F US BANCORP DEL COM NEW 902973304 2,122,358 77,390 86,444 0.1804
2022-08-17 2022-06-30 13F US BANCORP DEL COM NEW 902973304 2,044,968 134,507 7.04 94,109 -7.32 0.1940
2022-05-13 2022-03-31 13F US BANCORP DEL COM NEW 902973304 1,910,461 17,716 0.94 101,541 -4.49 0.1854
2022-02-15 2021-12-31 13F US BANCORP DEL COM NEW 902973304 1,892,745 34,064 1.83 106,315 -3.77 0.1855
2021-11-18 2021-09-30 13F US BANCORP DEL COM NEW 902973304 1,858,681 42,778 2.36 110,480 6.79 0.2104
2021-08-17 2021-06-30 13F US BANCORP DEL COM NEW 902973304 1,815,903 18,544 1.03 103,452 4.06 0.1965
2021-05-14 2021-03-31 13F US BANCORP DEL COM NEW 902973304 1,797,359 2,216 0.12 99,412 18.86 0.2080
2021-02-19 2020-12-31 13F US BANCORP DEL COM NEW 902973304 1,795,143 10,903 0.61 83,636 29.85 0.1907
2020-11-13 2020-09-30 13F US BANCORP DEL COM NEW 902973304 1,784,240 0 0.00 64,411 -1.96 0.1692
2020-08-11 2020-06-30 13F US BANCORP DEL COM NEW 902973304 1,784,240 -84,144 -4.50 65,696 2.07 0.1876
2020-05-27 2020-03-31 13F US BANCORP DEL COM NEW 902973304 1,868,384 24,891 1.35 64,366 -41.11 0.2179
2020-02-21 2019-12-31 13F US BANCORP DEL COM NEW 902973304 1,843,493 86,704 4.94 109,301 12.43 0.2999
2019-11-15 2019-09-30 13F US BANCORP DEL COM NEW 902973304 1,756,789 83,569 4.99 97,221 10.89 0.3076
2019-08-14 2019-06-30 13F US BANCORP DEL COM NEW 902973304 1,673,220 93,318 5.91 87,677 15.16 0.2930
2019-05-15 2019-03-31 13F US BANCORP DEL COM NEW 902973304 1,579,902 58,776 3.86 76,135 -0.81 0.2929
2019-02-15 2018-12-31 13F US BANCORP DEL COM NEW 902973304 1,521,126 81,936 5.69 76,756 0.99 0.3167
2018-11-15 2018-09-30 13F US BANCORP DEL COM NEW 902973304 1,439,190 9,412 0.66 76,004 7.13 0.3094
2018-08-14 2018-06-30 13F US BANCORP DEL COM NEW 902973304 1,429,778 36,527 2.62 70,946 0.83 0.3210
2018-04-13 2018-03-31 13F US BANCORP DEL COM NEW 902973304 1,393,251 -2,507 -0.18 70,359 -5.92 0.3488
2018-01-17 2017-12-31 13F US BANCORP DEL COM NEW 902973304 1,395,758 19,406 1.41 74,785 1.60 0.3734
2017-10-16 2017-09-30 13F US BANCORP COM NEW 902973304 1,376,352 55,392 4.19 73,607 7.61 0.4050
2017-07-13 2017-06-30 13F US BANCORP DEL COM NEW 902973304 1,320,960 137,006 11.57 68,399 10.84 0.4074
2017-04-11 2017-03-31 13F US BANCORP DEL COM NEW 902973304 1,183,954 -3,987 -0.34 61,708 1.12 0.4131
2017-01-18 2016-12-31 13F US BANCORP DEL COM NEW 902973304 1,187,941 67,915 6.06 61,025 27.03 0.4175
2016-10-14 2016-09-30 13F US BANCORP DEL COM NEW 902973304 1,120,026 89,671 8.70 48,038 15.60 0.3850
2016-08-11 2016-06-30 13F US BANCORP DEL COM NEW 902973304 1,030,355 102,409 11.04 41,554 10.33 0.3689
2016-05-16 2016-03-31 13F US BANCORP DEL COM NEW 902973304 927,946 37,800 4.25 37,665 -0.84 0.3773
2016-02-12 2015-12-31 13F US BANCORP DEL COM NEW 902973304 890,146 54,770 6.56 37,983 10.87 0.3989
2015-10-15 2015-09-30 13F US BANCORP DEL COM NEW 902973304 835,376 112,025 15.49 34,259 9.13 0.4332
2015-07-15 2015-06-30 13F US BANCORP DEL COM NEW 902973304 723,351 103,070 16.62 31,393 15.89 0.4072
2015-04-15 2015-03-31 13F US BANCORP DEL COM NEW 902973304 620,281 86,888 16.29 27,088 12.98 0.3914
2015-01-13 2014-12-31 13F US BANCORP DEL COM NEW 902973304 533,393 -61,399 -10.32 23,976 -3.63 0.4046
2014-11-07 2014-09-30 13F US BANCORP DEL COM NEW 902973304 594,792 594,792 24,880 0.3950
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.