13FPulse
US

USB US BANCORP

2026Q2 · CUSIP 902973304 · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
2,022
Institutions that reported holding it to the SEC
Net increase in holders
+45
Last quarter 1,977 → now 2,022
How unusual is that
Top 10%
Stronger buying than 94% of US stocks
What the filings say, in one paragraph

2,022 funds held USB at the end of 2026Q2, up 45 from the quarter before. That is stronger buying than 93.7% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $29.7B(YoY +6.7%), the P/E is 12.5x, return on equity is 12.1%. USB has had 25 buying rushes in its history, and the price moved -2.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=1019 2013Q4: holders=1094 2014Q1: holders=1121 2014Q2: holders=1111 2014Q3: holders=1095 2014Q4: holders=1142 2015Q1: holders=1140 2015Q2: holders=1169 2015Q3: holders=1160 2015Q4: holders=1207 2016Q1: holders=1208 2016Q2: holders=1201 2016Q3: holders=1193 2016Q4: holders=1313 2017Q1: holders=1354 2017Q2: holders=1349 2017Q3: holders=1320 2017Q4: holders=1457 2018Q1: holders=1460 2018Q2: holders=1444 2018Q3: holders=1448 2018Q4: holders=1476 2019Q1: holders=1532 2019Q2: holders=1519 2019Q3: holders=1537 2019Q4: holders=1684 2020Q1: holders=1445 2020Q2: holders=1422 2020Q3: holders=1411 2020Q4: holders=1576 2021Q1: holders=1630 2021Q2: holders=1651 2021Q3: holders=1680 2021Q4: holders=1795 2022Q1: holders=1756 2022Q2: holders=1690 2022Q3: holders=1646 2022Q4: holders=1744 2023Q1: holders=1669 2023Q2: holders=1592 2023Q3: holders=1572 2023Q4: holders=1710 2024Q1: holders=1702 2024Q2: holders=1676 2024Q3: holders=1720 2024Q4: holders=1858 2025Q1: holders=1816 2025Q2: holders=1840 2025Q3: holders=1867 2025Q4: holders=2011 2026Q1: holders=1977 2026Q2: holders=2022 -239 -119.5 +0 +119.5 +239 91715212124 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 25 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10%
2025Q4 Top 5% -6.3% -4.9%
2025Q3 Top 20% +23.2% +28.5%
2025Q2 Top 20% +5.0% +3.2%
2024Q4 Top 5% -8.8% -4.8%
2024Q3 Top 10% -2.7% -8.4%
2023Q4 Top 5% +4.6% +1.0%
2022Q4 Top 5% -26.8% -36.4%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
357
Change in large funds
+33
Total value they hold
$76.6B
Funds buying for the first time
196
Funds that sold out entirely
151
Price change that quarter
+18.4%
Funds holding puts (bearish)
37
Funds holding calls (bullish)
30

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
12.5
EPS (TTM)
$5.01
EPS YoY
+19.9%
Revenue (TTM)
$29.7B
Revenue YoY
+6.7%
Net margin
27.5%
ROE
12.1%
Debt ratio
90.6%
FCF (TTM)
Dividend (TTM)
$2.08
Quarterly Revenue & EPS
2021-09-30: EPS 1.30 2021-12-31: EPS 1.07 2022-03-31: EPS 0.99 2022-06-30: EPS 0.99 2022-09-30: EPS 1.16 2022-12-31: EPS 0.55 2023-03-31: EPS 1.04 2023-06-30: EPS 0.84 2023-09-30: EPS 0.91 2023-12-31: EPS 0.48 2024-03-31: EPS 0.78 2024-06-30: EPS 0.97 2024-09-30: EPS 1.03 2024-12-31: EPS 1.01 2025-03-31: EPS 1.03 2025-06-30: EPS 1.11 2025-09-30: EPS 1.22 2025-12-31: EPS 1.26 2026-03-31: EPS 1.18 2026-06-30: EPS 1.35 0B 3.9B 7.7B $B 0.00 0.74 1.49 201620172018201920212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 11 6 11 15 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.