48% buyers of institutions opening or closing positions this quarter
18 more exits than new buyers, ownership fell 0.07 percentage points vs the prior quarter, and no widely-followed fund managers in the top 25.
48% buyers of institutions opening or closing positions this quarter
75.1% institutional ownership
MUFG Bank, Ltd. portfolio allocation
Institutional ownership vs Banks - Regional peers
No Form 4 insider transactions on file
Latest positioning in USB across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in USB held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 128.4M | $6.68B | -0.6% | 8.255% | 0.12% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 100.9M | $5.25B | — | 6.488% | 0.13% |
| 3 | Kentucky Farm Bureau Mutual Insurance Co | 100K | $4.99B | — | 0.006% | 0.11% |
| 4 | STATE STREET CORP | 69.4M | $3.65B | -0.4% | 4.464% | 0.13% |
| 5 | FMR LLC | 57.2M | $2.97B | -8.5% | 3.677% | 0.16% |
| 6 | MUFG Bank, Ltd. | 44.4M | $2.31B | 0.0% | 2.854% | 75.93% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 38.4M | $1.99B | +2.0% | 2.472% | 0.12% |
| 8 | VANGUARD PORTFOLIO MANAGEMENT LLC | 29.6M | $1.54B | — | 1.903% | 0.08% |
| 9 | MORGAN STANLEY | 29.3M | $1.52B | +8.2% | 1.885% | 0.09% |
| 10 | DAVIS SELECTED ADVISERS | 22.2M | $1.16B | +0.9% | 1.430% | 5.31% |
| 11 | Grantham, Mayo, Van Otterloo & Co. LLC | 19.1M | $994.1M | +3.9% | 1.229% | 2.54% |
| 12 | Aristotle Capital Management, LLC | 18.7M | $975.0M | -4.7% | 1.206% | 2.04% |
| 13 | Invesco Ltd. | 17.2M | $895.3M | -2.2% | 1.107% | 0.14% |
| 14 | NORTHERN TRUST CORP | 16.9M | $880.2M | +3.7% | 1.088% | 0.12% |
| 15 | ROYAL BANK OF CANADA | 16.5M | $859.7M | -10.0% | 1.063% | 0.15% |
| 16 | BANK OF AMERICA CORP /DE/ | 15.8M | $822.8M | +6.9% | 1.017% | 0.06% |
| 17 | GOLDMAN SACHS GROUP INC | 13.3M | $693.9M | +8.7% | 0.858% | 0.08% |
| 18 | UBS ASSET MANAGEMENT AMERICAS INC | 12.5M | $651.7M | +2.8% | 0.806% | 0.14% |
| 19 | Capital Research Global Investors | 11.8M | $614.8M | +112.8% | 0.760% | 0.10% |
| 20 | FEDERATED HERMES, INC. | 11.5M | $598.7M | +0.2% | 0.740% | 0.97% |
| 21 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 11.3M | $587.5M | -3.1% | 0.726% | 1.81% |
| 22 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 10.4M | $543.0M | +2.4% | 0.671% | 0.08% |
| 23 | DIMENSIONAL FUND ADVISORS LP | 10.4M | $539.2M | +0.9% | 0.667% | 0.11% |
| 24 | FRANKLIN RESOURCES INC | 9.6M | $496.8M | +22.6% | 0.614% | 0.12% |
| 25 | Legal & General Group Plc | 9.5M | $495.8M | +1.0% | 0.613% | 0.11% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in USB — a direct measure of their conviction.
Filings activity in USB during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,941 | 0.9% | 75.14% | 0.07 pp | $64.52B | 0.1% |
| Q4 2025 | 1,959 | +7.3% | 75.21% | +0.58 pp | $64.58B | +0.8% |
| Q3 2025 | 1,825 | +1.2% | 74.63% | 125.36 pp | $64.08B | 99% |
| Q2 2025 | 1,804 | +2.0% | 199.99% | +0.00 pp | $4.71T | +1327% |
| Q1 2025 | 1,768 | 1.4% | 199.99% | +125.17 pp | $330.28B | +414% |
| Q4 2024 | 1,794 | +7.7% | 74.82% | +11.34 pp | $64.25B | +18% |
| Q3 2024 | 1,665 | +2.2% | 63.48% | 136.51 pp | $54.51B | 70% |
| Q2 2024 | 1,629 | — | 199.99% | — | $184.69B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for USB.
Quick answers to the most common questions about buying USB stock.
Based on Q1 2026 13F filings, institutional ownership of U.S. Bancorp stands at 75.1%, held across 1,941 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of USB, with approximately 128,368,759 shares worth $6.68B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of USB.
Our composite Smart Money Score for USB is 34 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
174 institutions opened new positions in USB during Q1 2026, while 192 fully exited. 522 added to existing positions and 1,237 trimmed.
USB institutional ownership fell by 0.07 percentage points quarter-over-quarter, with a net change of — holders.
The top 10 institutions account for 49.7% of all reported 13F value in USB, and the top 25 account for 66.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.