U.S. Bancorp
CH ˙ SWX ˙ US9029733048
SecurityCH:USB / U.S. Bancorp
InstitutionNicolet Advisory Services, Llc
Latest Disclosed Ownership6,799 shares
Latest Disclosed Value $ 369,812
Nicolet Advisory Services, Llc reports 3.72% decrease in ownership of USB / U.S. Bancorp

On February 13, 2026 - Nicolet Advisory Services, Llc filed a 13F-HR form disclosing ownership of 6,799 shares of U.S. Bancorp (CH:USB) valued at $369,812 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 7,062 shares of U.S. Bancorp. This represents a change in shares of -3.72% during the quarter.

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)
2026-02-13 2025-12-31 13F US BANCORP DEL COM NEW 902973304 6,799 -263 -3.72 370 10.15 0.0249
2025-11-13 2025-09-30 13F US BANCORP DEL COM NEW 902973304 7,062 54 0.77 335 9.12 0.0261
2025-08-13 2025-06-30 13F US BANCORP DEL COM NEW 902973304 7,008 -777 -9.98 308 6.23 0.0262
2025-05-08 2025-03-31 13F US BANCORP DEL COM NEW 902973304 7,785 -4,854 -38.40 290 -51.67 0.0288
2025-02-12 2024-12-31 13F US BANCORP DEL COM NEW 902973304 12,639 -3,715 -22.72 599 -16.83 0.0550
2024-11-12 2024-09-30 13F US BANCORP DEL COM NEW 902973304 16,354 -1,964 -10.72 719 -3.75 0.0679
2024-08-14 2024-06-30 13F US BANCORP DEL COM NEW 902973304 18,318 -3,344 -15.44 747 -21.45 0.0716
2024-05-10 2024-03-31 13F US BANCORP DEL COM NEW 902973304 21,662 1,736 8.71 952 9.06 0.0967
2024-02-13 2023-12-31 13F US BANCORP DEL COM NEW 902973304 19,926 -1,201 -5.68 873 32.12 0.0939
2023-11-07 2023-09-30 13F US BANCORP DEL COM NEW 902973304 21,127 -541 -2.50 660 -7.56 0.0731
2023-08-09 2023-06-30 13F US BANCORP DEL COM NEW 902973304 21,668 3,987 22.55 715 12.97 0.0784
2023-05-09 2023-03-31 13F US BANCORP DEL COM NEW 902973304 17,681 1,776 11.17 632 -15.62 0.0728
2023-02-09 2022-12-31 13F US BANCORP DEL COM NEW 902973304 15,905 2,562 19.20 749 41.05 0.0990
2022-11-10 2022-09-30 13F US BANCORP DEL COM NEW 902973304 13,343 2,363 21.52 531 3.51 0.0866
2022-08-08 2022-06-30 13F US BANCORP DEL COM NEW 902973304 10,980 -7 -0.06 513 -10.63 0.0762
2022-05-10 2022-03-31 13F US BANCORP DEL COM NEW 902973304 10,987 -20 -0.18 574 -7.12 0.0749
2022-02-08 2021-12-31 13F US BANCORP DEL COM NEW 902973304 11,007 30 0.27 618 -5.21 0.0760
2021-11-16 2021-09-30 13F US BANCORP DEL COM NEW 902973304 10,977 28 0.26 652 4.49 0.0827
2021-08-11 2021-06-30 13F US BANCORP DEL COM NEW 902973304 10,949 -724 -6.20 624 -3.41 0.0814
2021-05-03 2021-03-31 13F US BANCORP DEL COM NEW 902973304 11,673 1,378 13.39 646 34.58 0.0906
2021-02-09 2020-12-31 13F US BANCORP DEL COM NEW 902973304 10,295 2,329 29.24 480 67.83 0.0673
2020-10-27 2020-09-30 13F US BANCORP DEL COM NEW 902973304 7,966 -816 -9.29 286 -11.46 0.0444
2020-08-14 2020-06-30 13F US BANCORP DEL COM NEW 902973304 8,782 -5,227 -37.31 323 -33.13 0.0496
2020-04-21 2020-03-31 13F US BANCORP DEL COM NEW 902973304 14,009 5,070 56.72 483 -8.87 0.0851
2020-01-23 2019-12-31 13F US BANCORP DEL COM NEW 902973304 8,939 752 9.19 530 17.00 0.0833
2019-10-22 2019-09-30 13F US BANCORP DEL COM NEW 902973304 8,187 -98 -1.18 453 4.38 0.0687
2019-07-26 2019-06-30 13F US BANCORP DEL COM NEW 902973304 8,285 18 0.22 434 9.05 0.0663
2019-05-10 2019-03-31 13F US BANCORP DEL COM NEW 902973304 8,267 8,267 398 0.0675
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.