U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionSippican Capital Advisors
Latest Disclosed Ownership4,857 shares
Latest Disclosed Value $ 252,613
Sippican Capital Advisors ownership in USB / U.S. Bancorp

On April 23, 2026 - Sippican Capital Advisors filed a 13F-HR form disclosing ownership of 4,857 shares of U.S. Bancorp (US:USB) valued at $252,613 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 4,857 shares of U.S. Bancorp. This represents a change in shares of 0.00% during the quarter. The current value of the position is $270,486 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)
2026-04-23 2026-03-31 13F US Bancorp Del COM 902973304 4,857 0 0.00 253 -2.70 0.1729
2026-01-23 2025-12-31 13F US Bancorp Del COM 902973304 4,857 0 0.00 259 10.68 0.1665
2025-10-27 2025-09-30 13F US Bancorp Del COM 902973304 4,857 0 0.00 235 6.85 0.1552
2025-07-25 2025-06-30 13F US Bancorp Del COM 902973304 4,857 0 0.00 220 6.83 0.1596
2025-04-28 2025-03-31 13F US Bancorp Del COM 902973304 4,857 0 0.00 205 -11.64 0.1546
2025-01-23 2024-12-31 13F US Bancorp Del COM 902973304 4,857 0 0.00 232 4.50 0.1693
2024-10-28 2024-09-30 13F US Bancorp Del COM 902973304 4,857 4,857 222 0.1550
2015-11-04 2015-09-30 13F US Bancorp Del cs 902973304 0 -7,775 -100.00 0 -100.00
2015-08-11 2015-06-30 13F US Bancorp Del cs 902973304 7,775 0 0.00 337 -0.88 0.3398
2015-05-14 2015-03-31 13F US Bancorp Del cs 902973304 7,775 -4,000 -33.97 340 -35.73 0.3463
2015-02-17 2014-12-31 13F US Bancorp Del cs 902973304 11,775 0 0.00 529 7.30 0.5281
2014-11-14 2014-09-30 13F US Bancorp Del COM 902973304 11,775 11,775 493 0.5011
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.