U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionShell Asset Management Co
Latest Disclosed Ownership23,310 shares
Latest Disclosed Value $ 1,127
Shell Asset Management Co reports 44.33% decrease in ownership of USB / U.S. Bancorp

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 23,310 shares of U.S. Bancorp (US:USB) valued at $1,126,572 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 41,873 shares of U.S. Bancorp. This represents a change in shares of -44.33% during the quarter. The current value of the position is $1,238,693 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)
2025-11-07 2025-09-30 13F US BANCORP DEL COM NEW 902973304 23,310 -18,563 -44.33 1 0.00 0.1132
2025-07-23 2025-06-30 13F US BANCORP DEL COM NEW 902973304 41,873 15,893 61.17 2 0.00 0.0654
2025-05-14 2025-03-31 13F US BANCORP DEL COM NEW 902973304 25,980 -675 -2.53 1 0.00 0.0521
2025-02-14 2024-12-31 13F US BANCORP DEL COM NEW 902973304 26,655 -512 -1.88 1 0.00 0.0557
2024-11-07 2024-09-30 13F US BANCORP DEL COM NEW 902973304 27,167 -251 -0.92 1 0.00 0.0547
2024-07-25 2024-03-31 13F US BANCORP DEL COM NEW 902973304 27,418 -11,034 -28.70 1 0.00 0.0495
2024-02-14 2023-12-31 13F US BANCORP DEL COM NEW 902973304 38,452 -9,766 -20.25 2 0.00 0.0769
2023-11-08 2023-09-30 13F US BANCORP DEL COM NEW 902973304 48,218 -744 -1.52 2 0.00 0.0659
2023-07-28 2023-06-30 13F US BANCORP DEL COM NEW 902973304 48,962 -24,108 -32.99 2 -50.00 0.0638
2023-05-15 2023-03-31 13F US BANCORP DEL COM NEW 902973304 73,070 -31,846 -30.35 3 -50.00 0.1093
2023-02-07 2022-12-31 13F US BANCORP DEL COM NEW 902973304 104,916 -31,155 -22.90 5 -99.93 0.2004
2022-11-14 2022-09-30 13F US BANCORP DEL COM NEW 902973304 136,071 -36,797 -21.29 5,486 -31.04 0.2138
2022-08-09 2022-06-30 13F US BANCORP DEL COM NEW 902973304 172,868 -3,156 -1.79 7,955 -14.97 0.2353
2022-05-04 2022-03-31 13F US BANCORP DEL COM NEW 902973304 176,024 -16,106 -8.38 9,356 -13.31 0.2208
2022-02-09 2021-12-31 13F US BANCORP DEL COM NEW 902973304 192,130 19,538 11.32 10,792 5.20 0.2214
2021-11-04 2021-09-30 13F US BANCORP DEL COM NEW 902973304 172,592 -49,499 -22.29 10,259 -18.92 0.2303
2021-08-12 2021-06-30 13F US BANCORP DEL COM NEW 902973304 222,091 -83,396 -27.30 12,653 -25.11 0.2453
2021-05-10 2021-03-31 13F US BANCORP DEL COM NEW 902973304 305,487 6,253 2.09 16,896 21.20 0.3381
2021-02-16 2020-12-31 13F US BANCORP DEL COM NEW 902973304 299,234 -64,634 -17.76 13,941 6.87 0.2879
2020-11-13 2020-09-30 13F US BANCORP DEL COM NEW 902973304 363,868 35,174 10.70 13,045 7.78 0.3033
2020-08-10 2020-06-30 13F US BANCORP DEL COM NEW 902973304 328,694 -72,307 -18.03 12,103 -12.39 0.3021
2020-05-11 2020-03-31 13F US BANCORP DEL COM NEW 902973304 401,001 -20,182 -4.79 13,814 -44.68 0.3849
2020-02-13 2019-12-31 13F US BANCORP DEL COM NEW 902973304 421,183 77,417 22.52 24,972 31.27 0.5380
2019-11-12 2019-09-30 13F US BANCORP DEL COM NEW 902973304 343,766 -19,016 -5.24 19,024 0.07 0.4344
2019-08-12 2019-06-30 13F US BANCORP DEL COM NEW 902973304 362,782 -4,498 -1.22 19,010 7.41 0.4207
2019-05-09 2019-03-31 13F US BANCORP DEL COM NEW 902973304 367,280 3,433 0.94 17,699 6.44 0.3902
2019-02-13 2018-12-31 13F US BANCORP DEL COM NEW 902973304 363,847 -36,104 -9.03 16,628 -21.27 0.4144
2018-11-13 2018-09-30 13F US BANCORP DEL COM NEW 902973304 399,951 15,907 4.14 21,121 9.95 0.4169
2018-08-10 2018-06-30 13F US BANCORP DEL COM NEW 902973304 384,044 -2,111 -0.55 19,210 -1.49 0.3938
2018-05-14 2018-03-31 13F US BANCORP DEL COM NEW 902973304 386,155 287 0.07 19,501 -5.68 0.3883
2018-02-09 2017-12-31 13F US BANCORP DEL COM NEW 902973304 385,868 37,668 10.82 20,675 10.80 0.4104
2017-10-20 2017-09-30 13F/A-1 US BANCORP DEL COM NEW 902973304 348,200 -26,350 -7.04 18,660 -4.05 0.4149
2017-10-18 2017-09-30 13F US BANCORP DEL COM NEW 902973304 636,350 261,800 26,619
2017-07-26 2017-06-30 13F US BANCORP DEL COM NEW 902973304 374,550 5,429 1.47 19,447 2.30 0.4826
2017-04-26 2017-03-31 13F US BANCORP DEL COM NEW 902973304 369,121 7,440 2.06 19,010 2.31 0.4852
2017-01-10 2016-12-31 13F US BANCORP DEL COM NEW 902973304 361,681 -73,277 -16.85 18,580 -0.40 0.5023
2016-10-28 2016-09-30 13F US BANCORP DEL COM NEW 902973304 434,958 -45,523 -9.47 18,655 -3.73 0.4465
2016-07-25 2016-06-30 13F US BANCORP DEL COM NEW 902973304 480,481 96,409 25.10 19,378 24.31 0.4496
2016-05-11 2016-03-31 13F US BANCORP DEL COM NEW 902973304 384,072 59,976 18.51 15,589 12.73 0.3733
2016-02-05 2015-12-31 13F US BANCORP DEL COM NEW 902973304 324,096 -312,254 -49.07 13,829 -48.05 0.3265
2015-10-13 2015-09-30 13F US BANCORP DEL COM NEW 902973304 636,350 316,831 99.16 26,619 91.96 0.4218
2015-07-30 2015-06-30 13F US BANCORP DEL COM NEW 902973304 319,519 -170,964 -34.86 13,867 -35.26 0.2775
2015-05-07 2015-03-31 13F US BANCORP DEL COM NEW 902973304 490,483 490,483 0.00 21,419 0.3729
2015-02-04 2014-12-31 13F US BANCORP DEL COM NEW 902973304 0 -636,350 -100.00 0 -100.00
2014-10-24 2014-09-30 13F US BANCORP DEL COM NEW 902973304 636,350 -13,048 -2.01 26,619 -5.38 0.4133
2014-08-08 2014-06-30 13F US BANCORP DEL COM NEW 902973304 649,398 -21,457 -3.20 28,132 -2.16 0.4336
2014-05-07 2014-03-31 13F US BANCORP DEL COM NEW 902973304 670,855 3,036 0.45 28,753 6.57 0.4778
2014-02-03 2013-12-31 13F/A-1 US BANCORP DEL COM NEW 902973304 667,819 196,936 41.82 26,980 56.63 0.4591
2014-01-27 2013-12-31 13F US BANCORP DEL COM NEW 902973304 667,819 26,980
2013-10-28 2013-09-30 13F US BANCORP DEL COM NEW 902973304 470,883 -2,647 -0.56 17,225 0.63 0.3164
2013-08-01 2013-06-30 13F US BANCORP DEL COM NEW 902973304 473,530 473,530 17,118 0.3259
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.