US BANCORP DEL USB
COM NEW · Common Stock · CUSIP 902973304 · ISIN US9029733048
American financial services holding company, parent company of U.S. Bank
- SectorFinancials
- IndustryNational Commercial Banks
- HeadquartersMinneapolis, MN
- Founded1850
- Websiteusbank.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($346.9m this quarter). Holder counts are more reliable. Shares outstanding: 1.6bn as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $60.40. Options: 38 managers hold calls ($568.2m notional), 38 hold puts ($338.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,652 |
| Q4 2022 | 1,746 |
| Q1 2023 | 1,669 |
| Q2 2023 | 1,597 |
| Q3 2023 | 1,576 |
| Q4 2023 | 1,714 |
| Q1 2024 | 1,706 |
| Q2 2024 | 1,680 |
| Q3 2024 | 1,721 |
| Q4 2024 | 1,856 |
| Q1 2025 | 1,823 |
| Q2 2025 | 1,839 |
| Q3 2025 | 1,870 |
| Q4 2025 | 2,011 |
| Q1 2026 | 1,980 |
| Q2 2026 | 2,059 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 763 | 775 |
| Q4 2024 | 753 | 787 |
| Q1 2025 | 812 | 878 |
| Q2 2025 | 843 | 825 |
| Q3 2025 | 841 | 796 |
| Q4 2025 | 882 | 830 |
| Q1 2026 | 897 | 864 |
| Q2 2026 | 932 | 862 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $581.6m | $395.7m | 0.68 |
| Q4 2025 | $521.2m | $549.3m | 1.05 |
| Q1 2026 | $401.4m | $320.5m | 0.80 |
| Q2 2026 | $568.2m | $338.7m | 0.60 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +9.2m |
| Balyasny Asset Management L.P. | New | +4.4m |
| STATE STREET CORP | Added | +3.7m |
| FIRST TRUST ADVISORS LP | Added | +3.0m |
| Invesco Ltd. | Added | +2.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +2.3m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +1.9m |
| 1832 Asset Management L.P. | Added | +1.6m |
| HRT FINANCIAL LP | New | +1.6m |
| PFA Pension, Forsikringsaktieselskab | New | +1.5m |
Biggest sellers
| FMR LLC | Reduced | -5.9m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -4.2m |
| SG Americas Securities, LLC | Reduced | -3.8m |
| Capital Research Global Investors | Reduced | -2.7m |
| Alyeska Investment Group, L.P. | Reduced | -2.6m |
| CITADEL ADVISORS LLC | Reduced | -2.5m |
| Rathbones Group PLC | Reduced | -2.5m |
| JPMORGAN CHASE & CO | Reduced | -2.0m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.7m |
| Alecta Tjanstepension Omsesidigt | Sold out | -1.5m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $106.2m1.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $102.8m1.7m shares |
| CITADEL ADVISORS LLC | Added | $74.7m1.2m shares |
| IMC-Chicago, LLC | Reduced | $45.2m748.1k shares |
| Optiver Holding B.V. | Reduced | $29.2m483.7k shares |
| GOLDMAN SACHS GROUP INC | New | $25.9m428.3k shares |
| Walleye Trading LLC | Reduced | $23.8m393.9k shares |
| D. E. Shaw & Co., Inc. | Added | $23.3m385.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $19.6m323.9k shares |
| SIMPLEX TRADING, LLC | Added | $12.8m211.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $70.8m1.2m shares |
| CITADEL ADVISORS LLC | Added | $42.9m710.9k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $29.2m4.8k shares |
| JANE STREET GROUP, LLC | Reduced | $23.5m389.1k shares |
| Caption Management, LLC | Added | $18.1m300.0k shares |
| CREDIT AGRICOLE S A | Added | $16.6m275.0k shares |
| Walleye Trading LLC | Reduced | $15.7m259.8k shares |
| HSBC HOLDINGS PLC | Reduced | $13.0m214.2k shares |
| PEAK6 LLC | Reduced | $11.7m194.1k shares |
| UBS Group AG | Reduced | $11.4m189.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $3.0m | — |
| Q1 2025 | 0 | — | 6 | $10.6m | — |
| Q2 2025 | 1 | $186.6k | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $2.0m | — |
| Q4 2025 | 0 | — | 2 | $7.8m | — |
| Q1 2026 | 0 | — | 2 | $3.0m | — |
| Q2 2026 | 0 | — | 2 | $4.2m | — |
| Q3 2026 | 0 | — | 3 | $5.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-28 | Kedia Gunjan President & CEO, director | Sold | $1.7m27.3k shares |
| 2026-07-23 | CHOSY JAMES L Senior EVP and General Counsel | Sold | $1.5m23.0k shares |
| 2026-07-20 | Philipson Stephen L Vice Chair | Sold | $2.3m36.9k shares |
| 2026-05-05 | Dilip Venkatachari SEVP & Chief Info & Tech Off | Sold | $1.9m34.5k shares |
| 2026-04-21 | Richard Jodi L Vice Chair | Sold | $2.3m40.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.11% of their portfolio | 127.1m $7.7bn | Reduced -1.2m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 101.3m $6.1bn | Added +418.1k |
| STATE STREET CORP 0.13% of their portfolio | 73.1m $4.5bn | Added +3.7m |
| JPMORGAN CHASE & CO 0.21% of their portfolio | 59.7m $3.7bn | Reduced -2.0m |
| FMR LLC 0.13% of their portfolio | 51.3m $3.1bn | Reduced -5.9m |
| MUFG BANK, LTD. 75.40% of their portfolio | 44.4m $2.7bn | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio | 39.3m $2.4bn | Added +813.4k |
| MORGAN STANLEY 0.10% of their portfolio | 30.6m $1.8bn | Added +1.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.08% of their portfolio | 30.0m $1.8bn | Added +405.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.15% of their portfolio | 25.0m $1.5bn | Added +149.7k |
| Davis Selected Advisers 5.56% of their portfolio | 21.5m $1.3bn | Reduced -784.5k |
| NORGES BANK 0.12% of their portfolio | 19.9m $1.2bn | Not comparable |
| Invesco Ltd. 0.09% of their portfolio | 19.8m $1.2bn | Added +2.6m |
| First Eagle Investment Management, LLC 0.91% of their portfolio | 18.2m $1.1bn | Added +9.2m |
| Aristotle Capital Management, LLC 2.23% of their portfolio | 17.6m $1.1bn | Reduced -1.2m |
| NORTHERN TRUST CORP 0.12% of their portfolio | 17.1m $1.0bn | Added +218.8k |
| ROYAL BANK OF CANADA 0.16% of their portfolio | 16.0m $969.3m | Reduced -401.8k |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 15.2m $919.6m | Reduced -595.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.03% of their portfolio | 14.9m $899.1m | Reduced -4.2m |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 14.7m $887.1m | Added +1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.14% of their portfolio | 12.8m $770.4m | Added +224.1k |
| FEDERATED HERMES, INC. 1.02% of their portfolio | 11.8m $712.5m | Added +286.4k |
| FIRST TRUST ADVISORS LP 0.39% of their portfolio | 11.1m $668.8m | Added +3.0m |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.86% of their portfolio | 10.6m $638.2m | Reduced -730.1k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 10.5m $631.6m | Added +85.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 10.5m $631.2m | Added +10.3k |
| FRANKLIN RESOURCES INC 0.13% of their portfolio | 10.0m $606.4m | Added +488.2k |
| Legal & General Group Plc 0.12% of their portfolio | 9.9m $598.7m | Added +380.4k |
| Capital Research Global Investors 0.08% of their portfolio | 9.1m $551.5m | Reduced -2.7m |
| Bank of New York Mellon Corp 0.09% of their portfolio | 8.9m $536.5m | Reduced -267.3k |
| VANGUARD FIDUCIARY TRUST CO 0.12% of their portfolio | 8.7m $526.4m | Reduced -33.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.26% of their portfolio | 7.6m $461.5m | Added +339.6k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 7.5m $455.1m | Reduced -79.5k |
| AMERICAN CENTURY COMPANIES INC 0.19% of their portfolio | 7.1m $429.4m | Reduced -474.0k |
| BARCLAYS PLC 0.13% of their portfolio | 6.8m $411.7m | Reduced -124.7k |
| US BANCORP \DE\ 0.44% of their portfolio | 6.6m $400.8m | Reduced -320.5k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.27% of their portfolio | 6.5m $393.5m | Unchanged |
| Amundi 0.09% of their portfolio | 6.4m $385.1m | Reduced -94.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio | 6.3m $383.5m | Reduced -144.2k |
| BROWN BROTHERS HARRIMAN & CO 1.51% of their portfolio | 5.7m $345.4m | Reduced -27.2k |
| DEUTSCHE BANK AG\ 0.10% of their portfolio | 5.6m $340.4m | Added +306.4k |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 5.4m $328.1m | Reduced -582.9k |
| UBS Group AG 0.05% of their portfolio | 5.4m $325.0m | Reduced -271.1k |
| ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio | 5.4m $279.2m | Reduced -1.7m |
| Fisher Asset Management, LLC 0.08% of their portfolio | 4.7m $284.5m | Reduced -167.9k |
| BANK OF MONTREAL /CAN/ 0.10% of their portfolio | 4.5m $272.6m | Added +556.7k |
| RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio | 4.5m $271.2m | Added +51.1k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 4.5m $268.9m | Reduced -1.1m |
| Balyasny Asset Management L.P. 0.49% of their portfolio | 4.4m $267.9m | New |
| HSBC HOLDINGS PLC 0.13% of their portfolio | 4.4m $265.8m | Added +269.6k |
| National Pension Service 0.16% of their portfolio | 4.1m $246.1m | Added +62.9k |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 4.1m $245.1m | Reduced -2.5m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.13% of their portfolio | 3.8m $229.6m | Added +265.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 3.6m $216.0m | Added +177.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio | 3.5m $214.1m | Added +312.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.14% of their portfolio | 3.5m $210.8m | Added +361.7k |
| LAZARD ASSET MANAGEMENT LLC 0.32% of their portfolio | 3.5m $209.8m | Added +547.4k |
| Vanguard Global Advisers, LLC 0.10% of their portfolio | 3.5m $208.9m | Reduced -49.8k |
| Nuveen, LLC 0.05% of their portfolio | 3.4m $206.0m | Reduced -71.8k |
| KBC Group NV 0.44% of their portfolio | 3.4m $202.5m | Added +1.5m |
| California Public Employees Retirement System 0.11% of their portfolio | 3.3m $202.1m | Added +81.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.14% of their portfolio | 3.3m $201.7m | Added +183.4k |
| LPL Financial LLC 0.04% of their portfolio | 3.2m $193.5m | Added +115.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 3.2m $190.4m | Added +2.3m |
| VAN ECK ASSOCIATES CORP 0.12% of their portfolio | 3.1m $189.2m | Reduced -1.5m |
| STIFEL FINANCIAL CORP 0.16% of their portfolio | 3.1m $189.0m | Reduced -76.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.14% of their portfolio | 2.8m $168.5m | Added +26.1k |
| Freestone Grove Partners LP 1.10% of their portfolio | 2.8m $167.0m | Added +1.1m |
| SG Americas Securities, LLC 0.09% of their portfolio | 2.7m $164.2m | Reduced -3.8m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio | 2.7m $161.5m | Added +1.9m |
| Robeco Institutional Asset Management B.V. 0.20% of their portfolio | 2.6m $159.3m | Added +309.1k |
| EQUITY INVESTMENT CORP 3.03% of their portfolio | 2.6m $159.0m | Reduced -586.9k |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 2.6m $157.4m | Reduced -66.3k |
| Allianz Asset Management GmbH 0.14% of their portfolio | 2.6m $134.5m | Reduced -24.2k |
| Bahl & Gaynor LLC 0.70% of their portfolio | 2.5m $151.8m | Reduced -7.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 2.4m $142.6m | Reduced -18.5k |
| PNC Financial Services Group, Inc. 0.07% of their portfolio | 2.3m $140.1m | Reduced -14.7k |
| Rathbones Group PLC 0.51% of their portfolio | 2.3m $139.0m | Reduced -2.5m |
| Point72 Asset Management, L.P. 0.21% of their portfolio | 2.2m $135.2m | Added +1.3m |
| NATIXIS ADVISORS, LLC 0.15% of their portfolio | 2.2m $130.8m | Added +476.2k |
| CINCINNATI INSURANCE CO 1.82% of their portfolio | 2.1m $126.3m | Reduced -108.0k |
| JONES FINANCIAL COMPANIES LLLP 0.05% of their portfolio | 2.1m $126.0m | Added +458.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio | 2.1m $124.5m | Added +129.5k |
| CITIGROUP INC 0.05% of their portfolio | 1.9m $114.1m | Added +431.2k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.64% of their portfolio | 1.7m $104.8m | Reduced -49.5k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 1.7m $104.4m | Reduced -276.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 1.7m $104.1m | Reduced -27.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.13% of their portfolio | 1.7m $103.2m | Reduced -96.0k |
| Baird Financial Group, Inc. 0.14% of their portfolio | 1.7m $102.7m | Reduced -22.5k |
| Caisse de depot et placement du Quebec 0.14% of their portfolio | 1.7m $101.4m | Added +1.4m |
| Quantinno Capital Management LP 0.12% of their portfolio | 1.7m $100.3m | Added +395.2k |
| PANAGORA ASSET MANAGEMENT INC 0.31% of their portfolio | 1.7m $99.9m | Reduced -2.3k |
| 1832 Asset Management L.P. 0.12% of their portfolio | 1.7m $99.9m | Added +1.6m |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.15% of their portfolio | 1.6m $97.1m | Added +267.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.14% of their portfolio | 1.6m $95.6m | Added +259.4k |
| HRT FINANCIAL LP 0.22% of their portfolio | 1.6m $94.9m | New |
| Epoch Investment Partners, Inc. 0.53% of their portfolio | 1.5m $93.1m | Reduced -110.1k |
| NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio | 1.5m $92.6m | Added +803.9k |
| PFA Pension, Forsikringsaktieselskab 0.23% of their portfolio | 1.5m $90.7m | New |
| Alyeska Investment Group, L.P. 0.23% of their portfolio | 1.5m $88.4m | Reduced -2.6m |