U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionNorden Group Llc
Latest Disclosed Ownership27,376 shares
Latest Disclosed Value $ 1,423,858
Norden Group Llc reports 1.99% decrease in ownership of USB / U.S. Bancorp

On April 15, 2026 - Norden Group Llc filed a 13F-HR form disclosing ownership of 27,376 shares of U.S. Bancorp (US:USB) valued at $1,423,826 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 13, 2026 disclosing 27,932 shares of U.S. Bancorp. This represents a change in shares of -1.99% during the quarter. The current value of the position is $1,524,569 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)
2026-04-15 2026-03-31 13F US BANCORP COM NEW 902973304 27,376 -556 -1.99 1,424 -4.50 0.1368
2026-01-13 2025-12-31 13F US BANCORP DEL COM NEW 902973304 27,932 2,427 9.52 1,490 20.94 0.1459
2025-10-15 2025-09-30 13F US BANCORP DEL COM NEW 902973304 25,505 4,335 20.48 1,233 28.74 0.1252
2025-07-15 2025-06-30 13F US BANCORP DEL COM NEW 902973304 21,170 156 0.74 958 7.89 0.1040
2025-05-07 2025-03-31 13F US BANCORP DEL COM NEW 902973304 21,014 -2,366 -10.12 887 -20.66 0.1021
2025-02-05 2024-12-31 13F US BANCORP DEL COM NEW 902973304 23,380 -652 -2.71 1,118 1.82 0.1265
2024-10-17 2024-09-30 13F US BANCORP DEL COM NEW 902973304 24,032 5,964 33.01 1,099 53.14 0.1297
2024-08-06 2024-06-30 13F US BANCORP DEL COM NEW 902973304 18,068 -877 -4.63 717 -15.25 0.1450
2024-04-30 2024-03-31 13F/A-1 US BANCORP DEL COM NEW 902973304 18,945 3,182 20.19 847 24.05 0.1720
2024-04-19 2024-03-31 13F US BANCORP DEL COM NEW 902973304 399,756 383,993 17,869 0.1988
2024-02-05 2023-12-31 13F US BANCORP DEL COM NEW 902973304 15,763 5,110 47.97 682 93.75 0.1174
2023-11-06 2023-09-30 13F US BANCORP DEL COM NEW 902973304 10,653 10,653 352 0.1159
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.