U.S. Bancorp
US ˙ NYSE ˙ US9029733048

SecurityUSB / U.S. Bancorp
InstitutionWhite Pine Capital Llc
Latest Disclosed Ownership10,719 shares
Latest Disclosed Value $ 557,469
White Pine Capital Llc reports 0.92% decrease in ownership of USB / U.S. Bancorp

On May 11, 2026 - White Pine Capital Llc filed a 13F-HR form disclosing ownership of 10,719 shares of U.S. Bancorp (US:USB) valued at $557,495 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 10,819 shares of U.S. Bancorp. This represents a change in shares of -0.92% during the quarter. The current value of the position is $569,608 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)
2026-05-11 2026-03-31 13F US BANCORP COM 902973304 10,719 -100 -0.92 557 -3.47 0.1569
2026-02-09 2025-12-31 13F US BANCORP COM 902973304 10,819 20 0.19 577 10.75 0.1588
2025-11-10 2025-09-30 13F US BANCORP COM 902973304 10,799 0 0.00 522 6.76 0.1494
2025-08-12 2025-06-30 13F US BANCORP COM 902973304 10,799 75 0.70 489 7.96 0.1551
2025-05-13 2025-03-31 13F US BANCORP COM 902973304 10,724 -85 -0.79 453 -12.40 0.1568
2025-01-30 2024-12-31 13F US BANCORP COM 902973304 10,809 -11 -0.10 517 4.45 0.1742
2024-11-12 2024-09-30 13F US BANCORP COM 902973304 10,820 0 0.00 495 15.15 0.1690
2024-08-13 2024-06-30 13F US BANCORP COM 902973304 10,820 0 0.00 430 -2.28 0.1628
2024-05-13 2024-03-31 13F US BANCORP COM 902973304 10,820 -90 -0.82 440 -6.99 0.1672
2024-02-05 2023-12-31 13F US BANCORP COM 902973304 10,910 -706 -6.08 472 22.92 0.1820
2023-11-09 2023-09-30 13F US BANCORP COM 902973304 11,616 -210 -1.78 384 -1.54 0.1541
2023-08-08 2023-06-30 13F US BANCORP COM 902973304 11,826 -1,793 -13.17 391 -20.41 0.1458
2023-05-09 2023-03-31 13F US BANCORP COM 902973304 13,619 -787 -5.46 491 -21.97 0.1907
2023-02-16 2022-12-31 13F/A-1 US BANCORP COM 902973304 14,406 600 4.35 628 12.75 0.2452
2023-02-10 2022-12-31 13F US BANCORP COM 902973304 14,406 600 628 0.2452
2022-11-08 2022-09-30 13F US BANCORP COM 902973304 13,806 -320 -2.27 557 -14.31 0.2318
2022-08-16 2022-06-30 13F US BANCORP COM 902973304 14,126 -735 -4.95 650 -17.72 0.2547
2022-05-12 2022-03-31 13F US BANCORP COM 902973304 14,861 110 0.75 790 -4.70 0.2447
2022-02-11 2021-12-31 13F US BANCORP COM 902973304 14,751 855 6.15 829 0.36 0.2449
2021-11-10 2021-09-30 13F US BANCORP COM 902973304 13,896 -20 -0.14 826 6.86 0.2537
2021-08-12 2021-06-30 13F US BANCORP COM 902973304 13,916 -4,604 -24.86 773 -24.51 0.2302
2021-05-12 2021-03-31 13F US BANCORP COM 902973304 18,520 0 0.00 1,024 18.66 0.3252
2021-02-16 2020-12-31 13F US BANCORP COM 902973304 18,520 -500 -2.63 863 26.54 0.3052
2020-11-16 2020-09-30 13F US BANCORP COM 902973304 19,020 0 0.00 682 -2.57 0.2775
2020-08-12 2020-06-30 13F US BANCORP COM 902973304 19,020 300 1.60 700 8.53 0.2968
2020-05-13 2020-03-31 13F US BANCORP COM 902973304 18,720 -200 -1.06 645 -42.51 0.3274
2020-02-12 2019-12-31 13F US BANCORP COM 902973304 18,920 0 0.00 1,122 7.16 0.4379
2019-11-14 2019-09-30 13F US BANCORP COM 902973304 18,920 0 0.00 1,047 5.65 0.3915
2019-08-14 2019-06-30 13F US BANCORP COM 902973304 18,920 -1,073 -5.37 991 2.91 0.3698
2019-05-13 2019-03-31 13F US BANCORP COM 902973304 19,993 0 0.00 963 5.36 0.3545
2019-05-10 2018-12-31 13F/A-1 US BANCORP COM 902973304 19,993 0 0.00 914 -13.45 0.3762
2019-02-13 2018-12-31 13F US BANCORP COM 902973304 19,993 0 914
2019-05-10 2018-09-30 13F/A-1 US BANCORP COM 902973304 19,993 -50 -0.25 1,056 5.28 0.3726
2018-11-13 2018-09-30 13F US BANCORP COM 902973304 19,993 -50 1,056
2019-05-10 2018-06-30 13F/A-1 US BANCORP COM 902973304 20,043 -1,561 -7.23 1,003 -8.07 0.3581
2018-08-14 2018-06-30 13F US BANCORP COM 902973304 20,043 -1,561 1,003
2019-05-10 2018-03-31 13F/A-1 US BANCORP COM 902973304 21,604 -300 -1.37 1,091 -7.07 0.4018
2018-05-14 2018-03-31 13F US BANCORP COM 902973304 21,604 -300 1,091
2018-02-13 2017-12-31 13F US BANCORP COM 902973304 21,904 -1,893 -7.95 1,174 -7.92 0.4289
2017-11-13 2017-09-30 13F US BANCORP COM 902973304 23,797 0 0.00 1,275 3.16 0.0032
2017-08-10 2017-06-30 13F US BANCORP COM 902973304 23,797 0 0.00 1,236 0.82 0.4876
2017-05-15 2017-03-31 13F US BANCORP COM 902973304 23,797 -100 -0.42 1,226 -0.16 0.4985
2017-02-13 2016-12-31 13F US BANCORP COM 902973304 23,897 -1,768 -6.89 1,228 11.53 0.5206
2016-11-10 2016-09-30 13F US BANCORP COM 902973304 25,665 0 0.00 1,101 6.38 0.4693
2016-08-12 2016-06-30 13F US BANCORP COM 902973304 25,665 0 0.00 1,035 -0.67 0.4356
2016-05-11 2016-03-31 13F US BANCORP COM 902973304 25,665 0 0.00 1,042 -4.84 0.4459
2016-02-11 2015-12-31 13F US BANCORP COM 902973304 25,665 455 1.80 1,095 5.90 0.4848
2015-11-12 2015-09-30 13F US BANCORP COM 902973304 25,210 -100 -0.40 1,034 -5.83 0.4798
2015-08-13 2015-06-30 13F US BANCORP COM 902973304 25,310 -377 -1.47 1,098 -2.14 0.4703
2015-05-13 2015-03-31 13F US BANCORP COM 902973304 25,687 -406 -1.56 1,122 -4.35 0.4549
2015-02-13 2014-12-31 13F US BANCORP COM 902973304 26,093 -1,532 -5.55 1,173 1.47 0.3950
2014-11-13 2014-09-30 13F US BANCORP COM 902973304 27,625 0 0.00 1,156 -3.43 0.3940
2014-09-17 2014-06-30 13F/A-1 US BANCORP COM 902973304 27,625 -4,031 -12.73 1,197 -11.79 0.4133
2014-08-12 2014-06-30 13F US BANCORP COM 902973304 27,625 1,197
2014-09-17 2014-03-31 13F/A-1 US BANCORP COM 902973304 31,656 0 0.00 1,357 6.10 0.4642
2014-05-14 2014-03-31 13F US BANCORP COM 902973304 31,656 1,357
2014-09-17 2013-12-31 13F/A-1 US BANCORP COM 902973304 31,656 0 0.00 1,279 10.45 0.4492
2014-02-13 2013-12-31 13F US BANCORP COM 902973304 31,656 1,279
2014-09-17 2013-09-30 13F/A-1 US BANCORP COM 902973304 31,656 0 0.00 1,158 1.22 0.3987
2013-11-12 2013-09-30 13F US BANCORP COM 902973304 31,656 1,158
2013-08-16 2013-06-30 13F/A-1 US BANCORP COM 902973304 31,656 0 1,144 0.4367
2014-09-17 2013-06-30 13F/A-2 US BANCORP COM 902973304 31,656 31,656 1,144 0.3970
2013-08-12 2013-06-30 13F US BANCORP COM 902973304 31,656 1,144 0.4375
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.