U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionDavis Selected Advisers
Latest Disclosed Ownership22,237,960 shares
Latest Disclosed Value $ 1,156,596,507
Davis Selected Advisers reports 0.89% increase in ownership of USB / U.S. Bancorp

On May 7, 2026 - Davis Selected Advisers filed a 13F-HR form disclosing ownership of 22,237,960 shares of U.S. Bancorp (US:USB) valued at $1,156,596,300 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 22,041,759 shares of U.S. Bancorp. This represents a change in shares of 0.89% during the quarter. The current value of the position is $1,181,725,194 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)
2026-05-07 2026-03-31 13F U.S. Bancorp Common Stock 902973304 22,237,960 196,201 0.89 1,156,597 -1.66 5.3100
2026-02-02 2025-12-31 13F U.S. Bancorp Common Stock 902973304 22,041,759 2,610,197 13.43 1,176,148 25.24 5.2862
2025-12-29 2025-09-30 13F/A-1 U.S. Bancorp Common Stock 902973304 19,431,562 99,925 0.52 939,127 7.36 4.9029
2025-11-12 2025-09-30 13F U.S. Bancorp Common Stock 902973304 19,431,562 99,925 939,127 4.9029
2025-08-08 2025-06-30 13F U.S. Bancorp Common 902973304 19,331,637 4,442,623 29.84 874,757 39.16 4.6773
2025-05-12 2025-03-31 13F U.S. Bancorp Common 902973304 14,889,014 513,875 3.57 628,614 -8.57 3.6232
2025-02-07 2024-12-31 13F U.S. Bancorp Common 902973304 14,375,139 -17,854 -0.12 687,563 4.46 3.9960
2024-11-08 2024-09-30 13F U.S. Bancorp Common 902973304 14,392,993 164,549 1.16 658,192 16.52 3.6919
2024-08-07 2024-06-30 13F U.S. Bancorp Common 902973304 14,228,444 43,437 0.31 564,869 -10.91 3.2812
2024-05-14 2024-03-31 13F/A-1 U.S. Bancorp Common 902973304 14,185,007 -1,101,364 -7.20 634,070 -4.16 3.5539
2024-05-13 2024-03-31 13F U.S. Bancorp Common 902973304 14,185,007 -1,101,364 634,070 3.5539
2024-02-12 2023-12-31 13F U.S. Bancorp Common 902973304 15,286,371 -54,253 -0.35 661,594 30.45 3.7383
2023-11-09 2023-09-30 13F U.S. Bancorp Common 902973304 15,340,624 -81,709 -0.53 507,161 -0.47 3.1802
2023-08-09 2023-06-30 13F U.S. Bancorp Common 902973304 15,422,333 -123,373 -0.79 509,554 -9.08 3.1043
2023-05-08 2023-03-31 13F U.S. Bancorp Common 902973304 15,545,706 -255,574 -1.62 560,423 -18.67 3.7036
2023-02-10 2022-12-31 13F U.S. Bancorp Common 902973304 15,801,280 -622,797 -3.79 689,094 4.06 4.6831
2022-11-10 2022-09-30 13F U.S. Bancorp Common 902973304 16,424,077 -204,510 -1.23 662,219 -13.46 4.7089
2022-08-11 2022-06-30 13F U.S. Bancorp Common 902973304 16,628,587 -636,878 -3.69 765,248 -16.61 4.9099
2022-05-12 2022-03-31 13F U.S. Bancorp Common 902973304 17,265,465 -557,493 -3.13 917,659 -8.34 4.6366
2022-02-11 2021-12-31 13F U.S. Bancorp Common 902973304 17,822,958 -70,311 -0.39 1,001,116 -5.87 4.6519
2021-11-12 2021-09-30 13F U.S. Bancorp Common 902973304 17,893,269 -289,418 -1.59 1,063,576 2.67 4.9162
2021-08-13 2021-06-30 13F U.S. Bancorp Common 902973304 18,182,687 12,416 0.07 1,035,868 3.07 4.2573
2021-05-13 2021-03-31 13F U.S. Bancorp Common 902973304 18,170,271 1,296,831 7.69 1,004,998 27.84 4.3977
2021-02-12 2020-12-31 13F U.S. Bancorp Common 902973304 16,873,440 -287,259 -1.67 786,134 27.78 3.7841
2020-11-12 2020-09-30 13F U.S. Bancorp Common 902973304 17,160,699 3,736,688 27.84 615,211 24.47 3.4229
2020-08-12 2020-06-30 13F U.S. Bancorp Common 902973304 13,424,011 321,855 2.46 494,272 9.51 2.8587
2020-05-15 2020-03-31 13F U.S. Bancorp Common 902973304 13,102,156 4,717,407 56.26 451,369 -9.21 3.0578
2020-02-13 2019-12-31 13F U.S. Bancorp Common 902973304 8,384,749 -301,231 -3.47 497,132 3.42 2.3773
2019-11-13 2019-09-30 13F U.S. Bancorp Common 902973304 8,685,980 -370,216 -4.09 480,682 1.29 2.4186
2019-08-13 2019-06-30 13F U.S. Bancorp Common 902973304 9,056,196 -170,216 -1.84 474,545 6.73 2.3472
2019-05-14 2019-03-31 13F U.S. Bancorp Common 902973304 9,226,412 -3,745 -0.04 444,621 5.45 2.1868
2019-02-12 2018-12-31 13F US Bancorp Common 902973304 9,230,157 -12,979 -0.14 421,632 -13.62 2.3559
2018-11-13 2018-09-30 13F US Bancorp Common 902973304 9,243,136 4,571 0.05 488,130 5.63 2.0985
2018-08-13 2018-06-30 13F US Bancorp Common 902973304 9,238,565 7,511,222 434.84 462,113 429.76 1.9669
2018-05-14 2018-03-31 13F US Bancorp Common 902973304 1,727,343 216,027 14.29 87,231 7.72 0.3773
2018-02-13 2017-12-31 13F US Bancorp Common 902973304 1,511,316 149,779 11.00 80,976 10.98 0.3440
2017-11-16 2017-09-30 13F US Bancorp Common 902973304 1,361,537 10,528 0.78 72,965 4.02 0.3105
2017-08-09 2017-06-30 13F US Bancorp Common 902973304 1,351,009 -1,004,720 -42.65 70,144 -42.18 0.3069
2017-05-12 2017-03-31 13F US Bancorp Common 902973304 2,355,729 122,810 5.50 121,320 5.77 0.5233
2017-02-13 2016-12-31 13F US Bancorp Common 902973304 2,232,919 2,114 0.09 114,705 19.89 0.5023
2016-11-14 2016-09-30 13F US Bancorp Common 902973304 2,230,805 -820 -0.04 95,679 6.31 0.4171
2016-08-12 2016-06-30 13F US Bancorp Common 902973304 2,231,625 1,154,676 107.22 90,001 105.89 0.3963
2016-05-13 2016-03-31 13F US Bancorp Common 902973304 1,076,949 323,099 42.86 43,713 35.89 0.1934
2016-02-12 2015-12-31 13F US Bancorp Common 902973304 753,850 -2,669 -0.35 32,167 3.68 0.1342
2015-11-12 2015-09-30 13F US Bancorp Common 902973304 756,519 198,669 35.61 31,025 28.14 0.1287
2015-08-13 2015-06-30 13F US Bancorp Common 902973304 557,850 -256,779 -31.52 24,211 -31.94 0.0847
2015-05-12 2015-03-31 13F US Bancorp Common 902973304 814,629 -98,557 -10.79 35,575 -13.33 0.1212
2015-02-11 2014-12-31 13F US Bancorp Common 902973304 913,186 -1,564 -0.17 41,048 7.28 0.1328
2014-11-12 2014-09-30 13F US Bancorp Common 902973304 914,750 191,971 26.56 38,263 22.20 0.1189
2014-08-13 2014-06-30 13F US Bancorp Common 902973304 722,779 -82,163 -10.21 31,311 -9.24 0.0931
2014-05-13 2014-03-31 13F US Bancorp Common 902973304 804,942 410,585 104.12 34,500 116.55 0.0950
2014-02-12 2013-12-31 13F US Bancorp. Common 902973304 394,357 -47,698 -10.79 15,932 -1.47 0.0389
2013-11-12 2013-09-30 13F US Bancorp. Common 902973304 442,055 -52,192 -10.56 16,170 -9.50 0.0420
2013-08-07 2013-06-30 13F US Bancorp Common 902973304 494,247 494,247 17,867 0.0454
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.