Q2 2026 13F · SEC CIK 36104

US Bancorp \de\

Bank & trustFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $91.6B
Reported positions: 4,123
Top holdings a year, 3 yrs: +18.0%
Average holding period: 9.4 yrs

US Bancorp \de\ is a bank & trust that reported 4,123 positions worth $91.6B in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Schwab Stratgc Tr (SCHX, 5.5%), Ishares Core S&p 500 ETF (IVV, 5.4%), Ishares Tr (AGG, 4.3%). A portfolio copying its top holdings returned 18.0% a year over the last 3 years, against 20.4% for the S&P 500.

US Bancorp \de\ holdings largest 50 of 4,123 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

US Bancorp \de\ 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SCHXSchwab Stratgc Tr	5.5%	4.5%	172,215,422	+18.7%	$5.1B
IVVIshares Core S&p 500 ETF	5.4%	4.6%	6,582,164	+13.1%	$4.9B
AGGIshares Tr	4.3%	5.1%	39,478,188	-7.2%	$3.9B
IEFAIshares Core Msci Eafe ETF	3.8%	3.9%	35,990,373	+0.9%	$3.5B
SPYSpdr S&p 500 ETF Tr	3.4%	3.3%	4,204,899	+0.9%	$3.1B
AAPLApple Inc	3.2%	3.1%	10,064,743	-0.7%	$2.9B
IEMGIshares	2.6%	2.5%	29,088,603	-1.5%	$2.4B
GOOGLAlphabet Inc	2.3%	2.1%	5,981,859	+0.4%	$2.1B
MSFTMicrosoft Corp	2.2%	2.5%	5,520,756	+1.3%	$2.1B
VOVanguard Index Fds	2.0%	1.9%	22,846,853	+322.0%	$1.8B
NVDANvidia Corporation Com	1.8%	1.7%	8,241,277	+2.2%	$1.6B
LLYLilly Eli & Co	1.8%	1.5%	1,354,723	-0.2%	$1.6B
AMZNAmazon Com Inc Com	1.6%	1.5%	5,986,857	+1.7%	$1.4B
IWRIshares Russell Midcap ETF	1.5%	1.5%	12,780,590	-1.1%	$1.4B
JPMJpmorgan Chase & Co	1.2%	1.3%	3,486,947	-0.9%	$1.1B
IXUSIshares Core Msci Total International St	1.2%	1.0%	11,650,196	+19.4%	$1.1B
EFVIshares Tr	1.2%	1.3%	14,137,778	+1.2%	$1.1B
QQQInvesco Qqq Tr	1.0%	0.9%	1,295,207	-2.3%	$953.8M
MUMicron Technology Inc	1.0%	—	768,857	—	$887.5M
SCHHSchwab Strategic Tr	0.9%	0.9%	34,334,144	+2.0%	$813.1M
VTIVanguard Index Fds	0.8%	0.8%	2,032,602	-3.9%	$752.1M
VEAVanguard Tax-Managed Fds	0.8%	0.9%	10,411,578	-9.7%	$741.8M
EFAiShs MSCI EAFE	0.8%	0.8%	7,091,487	-0.6%	$736.7M
VTWOVanguard Scottsdale Fds	0.8%	0.7%	5,896,669	+2.4%	$716.0M
IJRIshares Core S&p Small Cap ETF	0.8%	0.7%	4,737,329	-2.5%	$702.6M
MDYState Street Spdr S&p Midcap 400 ETF Tru	0.7%	0.7%	963,812	-0.6%	$677.9M
GOOGAlphabet Inc	0.7%	0.6%	1,830,380	-0.4%	$646.7M
BRK-ABerkshire Hathaway Inc Del	0.7%	0.8%	861	+0.0%	$644.8M
AMDAdvanced Micro Devices Inc	0.7%	—	1,107,002	—	$643.1M
IWMIshares	0.7%	1.0%	2,129,304	-38.6%	$639.7M
JNJJohnson & Johnson	0.7%	0.7%	2,500,270	+0.3%	$635.0M
WMTWalmart Inc	0.7%	0.8%	5,517,050	+0.6%	$624.9M
METAMeta Platforms Inc Class A	0.7%	0.7%	1,105,358	+5.9%	$622.6M
BRK-BBerkshire Hathaway Inc Del	0.6%	0.7%	1,170,560	+0.1%	$585.7M
ABBVAbbvie Inc	0.6%	0.6%	2,295,401	-1.4%	$577.6M
MUBIshares National Muni Bond ETF	0.6%	0.7%	5,353,257	+2.3%	$576.1M
XLKState Street Technology Select Sector Sp	0.6%	0.4%	2,682,109	-2.6%	$511.0M
CATCaterpillar Inc Com	0.6%	—	473,894	—	$504.7M
AVGOBroadcom Inc	0.5%	0.5%	1,304,775	+3.9%	$492.9M
VNQVanguard Real Estate ETF	0.5%	0.6%	5,030,439	-8.9%	$485.1M
COSTCostco Whsl Corp New	0.5%	0.6%	512,209	-0.1%	$479.2M
IWFIshares Russell 1000 Growth ETF	0.5%	0.5%	3,833,812	+301.0%	$476.0M
PGProcter & Gamble Co Com	0.5%	0.6%	3,242,813	-3.8%	$475.5M
PANWPalo Alto Networks Inc	0.5%	—	1,374,306	—	$468.7M
HDHome Depot Inc Com	0.5%	0.5%	1,269,451	-4.1%	$447.7M
XOMExxon Mobil Corp	0.5%	0.7%	3,263,986	-1.4%	$446.3M
MAMastercard Inc.	0.5%	0.5%	856,617	-0.3%	$440.0M
PCARPaccar Inc	0.5%	0.5%	3,607,077	+0.1%	$433.3M
CSCOCisco Sys Inc	0.5%	—	3,665,837	—	$430.6M
UNHUnitedhealth Group Inc Com	0.5%	—	1,021,603	—	$424.6M

What US Bancorp \de\ bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +19.6% /yr; S&P 500 +20.1%
3 years: +18.0% /yr; S&P 500 +20.4%
5 years: +9.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$91.6B	4,123
Q1 2026	$82.4B	4,132
Q4 2025	$85.3B	3,994
Q3 2025	$84.4B	3,953
Q2 2025	$79.4B	4,105
Q1 2025	$74.8B	4,120
Q4 2024	$76.4B	4,091
Q3 2024	$77.9B	3,995
Q2 2024	$73.4B	3,908
Q1 2024	$71.8B	3,904
Q4 2023	$67.6B	3,896
Q3 2023	$61.2B	3,907

Questions about US Bancorp \de\'s portfolio

What stocks does US Bancorp \de\ own?

US Bancorp \de\'s latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 4,123 positions worth $91.6B. The largest are Schwab Stratgc Tr (SCHX) at 5.5%, Ishares Core S&p 500 ETF (IVV) at 5.4%, Ishares Tr (AGG) at 4.3%, Ishares Core Msci Eafe ETF (IEFA) at 3.8% and Spdr S&p 500 ETF Tr (SPY) at 3.4%.

What did US Bancorp \de\ buy last quarter?

In Q2 2026, US Bancorp \de\ added Vanguard Index Fds (VO) (+322.0% shares), Ishares Russell 1000 Growth ETF (IWF) (+301.0% shares) and Ishares Core Msci Total International St (IXUS) (+19.4% shares), compared with its Q1 2026 filing.

What did US Bancorp \de\ sell last quarter?

In Q2 2026, US Bancorp \de\ cut from its top 50 Ishares Tr (GOVT), cut from its top 50 Vanguard Total World Stock Index Fund Et (VT), cut from its top 50 Chevron Corp New (CVX), cut from its top 50 Marathon Petroleum Corporation (MPC), cut from its top 50 US Bancorp Del (USB), Ishares (IWM) (-38.6% shares), Vanguard Tax-Managed Fds (VEA) (-9.7% shares) and Vanguard Real Estate ETF (VNQ) (-8.9% shares), compared with its Q1 2026 filing.

How has US Bancorp \de\'s portfolio performed?

A portfolio copying US Bancorp \de\'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +19.6% against +20.1%. Over 5 years: +9.6% a year against +11.6%.

When is US Bancorp \de\'s next 13F filing due?

13F filings are due 45 days after each quarter ends. US Bancorp \de\'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.