# US BANCORP \DE\

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 36104. Source: https://holderbook.com/funds/36104-us-bancorp-de/

- Reported value: $91.6B
- Positions: 4,141
- Weight of the ten largest: 34.8%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $5.1B | 172,215,422 | 5.5% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.9B | 6,582,164 | 5.4% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $3.9B | 39,478,188 | 4.3% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $3.5B | 35,990,373 | 3.8% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1B | 4,204,899 | 3.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.9B | 10,064,743 | 3.2% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.4B | 29,088,603 | 2.6% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.1B | 5,981,859 | 2.3% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1B | 5,520,756 | 2.2% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.8B | 22,846,853 | 2.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.6B | 8,241,277 | 1.8% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.6B | 1,354,723 | 1.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.4B | 5,986,857 | 1.6% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.4B | 12,780,590 | 1.5% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.1B | 3,486,947 | 1.2% | 31 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $1.1B | 11,650,196 | 1.2% | 31 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $1.1B | 14,137,778 | 1.2% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $953.8M | 1,295,207 | 1.0% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $887.5M | 768,857 | 1.0% | 31 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $813.1M | 34,334,144 | 0.9% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $752.1M | 2,032,602 | 0.8% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $741.8M | 10,411,578 | 0.8% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $736.7M | 7,091,487 | 0.8% | 31 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $716.0M | 5,896,669 | 0.8% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $702.6M | 4,737,329 | 0.8% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $677.9M | 963,812 | 0.7% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $646.7M | 1,830,380 | 0.7% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $644.8M | 861 | 0.7% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $643.1M | 1,107,002 | 0.7% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $639.7M | 2,129,304 | 0.7% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $635.0M | 2,500,270 | 0.7% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $624.9M | 5,517,050 | 0.7% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $622.6M | 1,105,358 | 0.7% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $585.7M | 1,170,560 | 0.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $577.6M | 2,295,401 | 0.6% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $576.1M | 5,353,257 | 0.6% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $511.0M | 2,682,109 | 0.6% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $504.7M | 473,894 | 0.6% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $492.9M | 1,304,775 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $485.1M | 5,030,439 | 0.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $479.2M | 512,209 | 0.5% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $476.0M | 3,833,812 | 0.5% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $475.5M | 3,242,813 | 0.5% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $468.7M | 1,374,306 | 0.5% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $447.7M | 1,269,451 | 0.5% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $446.3M | 3,263,986 | 0.5% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $440.0M | 856,617 | 0.5% | 31 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $433.3M | 3,607,077 | 0.5% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $430.6M | 3,665,837 | 0.5% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $424.6M | 1,021,603 | 0.5% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $412.4M | 570,378 | 0.5% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $403.0M | 7,071,872 | 0.4% | 31 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $400.8M | 6,636,256 | 0.4% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $400.1M | 14,444,093 | 0.4% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $398.3M | 5,165,944 | 0.4% | 31 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $382.6M | 1,496,414 | 0.4% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $379.6M | 6,358,797 | 0.4% | 31 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $357.8M | 2,209,787 | 0.4% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $350.8M | 856,684 | 0.4% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $339.9M | 2,050,249 | 0.4% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $335.6M | 4,129,726 | 0.4% | 31 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $326.7M | 1,985,054 | 0.4% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $311.3M | 907,180 | 0.3% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $298.4M | 810,023 | 0.3% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $287.4M | 1,031,399 | 0.3% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $279.6M | 2,002,511 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $275.2M | 400,723 | 0.3% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $271.5M | 1,896,552 | 0.3% | 31 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $257.4M | 3,865,180 | 0.3% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $249.3M | 2,840,822 | 0.3% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $240.5M | 664,266 | 0.3% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $232.0M | 858,357 | 0.3% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $230.8M | 3,374,039 | 0.3% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $228.0M | 2,512,602 | 0.2% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $227.1M | 1,549,498 | 0.2% | 31 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $222.1M | 663,288 | 0.2% | 25 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $220.0M | 738,193 | 0.2% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $214.1M | 1,158,756 | 0.2% | 31 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $212.1M | 2,073,581 | 0.2% | 16 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $211.2M | 2,289,104 | 0.2% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $208.3M | 1,538,725 | 0.2% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $205.5M | 2,486,893 | 0.2% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $200.6M | 1,561,329 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $199.6M | 733,892 | 0.2% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $199.2M | 467,394 | 0.2% | 31 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $198.2M | 1,353,964 | 0.2% | 31 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $193.8M | 1,557,647 | 0.2% | 31 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $192.3M | 793,380 | 0.2% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $190.5M | 559,026 | 0.2% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $188.2M | 195,671 | 0.2% | 7 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $185.7M | 2,795,189 | 0.2% | 30 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $182.8M | 742,510 | 0.2% | 31 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $181.7M | 3,591,532 | 0.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $176.5M | 930,311 | 0.2% | 25 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $174.2M | 414,251 | 0.2% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $174.0M | 172,070 | 0.2% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $173.7M | 363,753 | 0.2% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $171.0M | 394,657 | 0.2% | 7 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $169.8M | 1,086,066 | 0.2% | 31 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $168.0M | 508,998 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.4% | +14.8% | -2.4% | 100% |
| Q1 2026 | -2.2% | -4.6% | +2.5% | 100% |
| Q4 2025 | +2.2% | +2.4% | -0.1% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.5% | 100% |
| Q2 2025 | +7.4% | +10.5% | -3.1% | 100% |
| Q1 2025 | -1.7% | -4.6% | +2.8% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.5% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $91.6B | 4,141 |
| Q1 2026 | $82.4B | 4,152 |
| Q4 2025 | $85.3B | 4,020 |
| Q3 2025 | $84.4B | 3,983 |
| Q2 2025 | $79.4B | 4,142 |
| Q1 2025 | $74.9B | 4,164 |
| Q4 2024 | $76.4B | 4,144 |
| Q3 2024 | $77.9B | 4,053 |
| Q2 2024 | $73.4B | 3,943 |
| Q1 2024 | $71.8B | 3,942 |
| Q4 2023 | $67.6B | 3,937 |
| Q3 2023 | $61.2B | 3,950 |