U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionValmark Advisers, Inc.
Latest Disclosed Ownership14,499 shares
Latest Disclosed Value $ 754,097
Valmark Advisers, Inc. reports 3.33% decrease in ownership of USB / U.S. Bancorp

On May 1, 2026 - Valmark Advisers, Inc. filed a 13F-HR form disclosing ownership of 14,499 shares of U.S. Bancorp (US:USB) valued at $754,093 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 14,998 shares of U.S. Bancorp. This represents a change in shares of -3.33% during the quarter. The current value of the position is $770,477 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)
2026-05-01 2026-03-31 13F US BANCORP COM NEW 902973304 14,499 -499 -3.33 754 -5.75 0.0090
2026-01-26 2025-12-31 13F US BANCORP DEL COM NEW 902973304 14,998 -860 -5.42 800 4.44 0.0099
2025-10-24 2025-09-30 13F US BANCORP DEL COM NEW 902973304 15,858 6,943 77.88 766 90.07 0.0099
2025-07-23 2025-06-30 13F US BANCORP DEL COM NEW 902973304 8,915 -114 -1.26 403 5.77 0.0056
2025-04-23 2025-03-31 13F US BANCORP DEL COM NEW 902973304 9,029 -201 -2.18 381 -13.61 0.0057
2025-01-30 2024-12-31 13F US BANCORP DEL COM NEW 902973304 9,230 141 1.55 441 6.27 0.0068
2024-10-25 2024-09-30 13F US BANCORP DEL COM NEW 902973304 9,089 382 4.39 416 20.29 0.0065
2024-08-01 2024-06-30 13F US BANCORP DEL COM NEW 902973304 8,707 242 2.86 346 -8.73 0.0059
2024-05-06 2024-03-31 13F US BANCORP DEL COM NEW 902973304 8,465 -1,563 -15.59 378 -12.90 0.0066
2024-02-02 2023-12-31 13F US BANCORP DEL COM NEW 902973304 10,028 -858 -7.88 434 20.89 0.0081
2023-11-08 2023-09-30 13F US BANCORP DEL COM NEW 902973304 10,886 -453 -4.00 360 -4.01 0.0075
2023-08-03 2023-06-30 13F US BANCORP DEL COM NEW 902973304 11,339 610 5.69 375 -3.11 0.0076
2023-05-02 2023-03-31 13F US BANCORP DEL COM NEW 902973304 10,729 124 1.17 387 -16.45 0.0083
2023-02-07 2022-12-31 13F US BANCORP DEL COM NEW 902973304 10,605 -302 -2.77 462 5.00 0.0107
2022-11-03 2022-09-30 13F US BANCORP DEL COM NEW 902973304 10,907 0 0.00 440 -12.35 0.0089
2022-08-01 2022-06-30 13F US BANCORP DEL COM NEW 902973304 10,907 2,477 29.38 502 12.05 0.0097
2022-05-10 2022-03-31 13F US BANCORP DEL COM NEW 902973304 8,430 -197 -2.28 448 -7.63 0.0079
2022-02-02 2021-12-31 13F US BANCORP DEL COM NEW 902973304 8,627 1,757 25.57 485 18.87 0.0084
2021-11-09 2021-09-30 13F US BANCORP DEL COM NEW 902973304 6,870 -15,040 -68.64 408 -67.31 0.0075
2021-08-06 2021-06-30 13F US BANCORP DEL COM NEW 902973304 21,910 -362 -1.63 1,248 1.30 0.0229
2021-05-04 2021-03-31 13F US BANCORP DEL COM NEW 902973304 22,272 1,269 6.04 1,232 25.84 0.0238
2021-02-03 2020-12-31 13F US BANCORP DEL COM NEW 902973304 21,003 13,674 186.57 979 272.24 0.0199
2020-11-09 2020-09-30 13F US BANCORP DEL COM NEW 902973304 7,329 -29 -0.39 263 -2.95 0.0060
2020-07-31 2020-06-30 13F US BANCORP DEL COM NEW 902973304 7,358 102 1.41 271 8.40 0.0064
2020-05-01 2020-03-31 13F US BANCORP DEL COM NEW 902973304 7,256 564 8.43 250 -37.03 0.0065
2020-01-31 2019-12-31 13F US BANCORP DEL COM NEW 902973304 6,692 -1,058 -13.65 397 -7.46 0.0086
2019-11-06 2019-09-30 13F US BANCORP DEL COM NEW 902973304 7,750 404 5.50 429 11.43 0.0095
2019-08-07 2019-06-30 13F US BANCORP DEL COM NEW 902973304 7,346 -19 -0.26 385 8.45 0.0085
2019-05-10 2019-03-31 13F US BANCORP DEL COM NEW 902973304 7,365 -41 -0.55 355 5.03 0.0079
2019-02-07 2018-12-31 13F US BANCORP DEL COM NEW 902973304 7,406 1,821 32.61 338 14.58 0.0081
2018-11-02 2018-09-30 13F US BANCORP DEL COM NEW 902973304 5,585 327 6.22 295 12.17 0.0065
2018-08-07 2018-06-30 13F US BANCORP DEL COM NEW 902973304 5,258 0 0.00 263 -1.13 0.0058
2018-05-07 2018-03-31 13F US BANCORP DEL COM NEW 902973304 5,258 -67 -1.26 266 -6.67 0.0058
2018-02-09 2017-12-31 13F US BANCORP DEL COM NEW 902973304 5,325 5,325 285 0.0061
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.