§ 13F · FUND PROFILE
US BANCORP \DE\.
Regional bank, wealth management
AUM · $91.6B (13F)Positions · 8256Turnover · 42% · Q2Filed · Aug 12, 2026
CONCENTRATION
26%
Top 10 holdings
NEW BUYS
+243
+$195M deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-1pp · +2pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | SCHX | SCHWAB STRATEGIC TR | 127.50M | $3.8B | 4.1% | +19% |
| 2 | AGG | ISHARES TR | 28.08M | $2.8B | 3.0% | −7% |
| 3 | IEFA | ISHARES TR | 27.07M | $2.6B | 2.9% | +1% |
| 4 | IVV | ISHARES TR | 3.47M | $2.6B | 2.8% | +13% |
| 5 | SPY | STATE STR SPDR S&P 500 ETF T | 3.16M | $2.4B | 2.6% | +1% |
| 6 | AAPL | APPLE INC | 7.93M | $2.3B | 2.5% | −1% |
| 7 | IVV | ISHARES TR | 2.52M | $1.9B | 2.1% | — |
| 8 | GOOGL | ALPHABET INC | 5.05M | $1.8B | 2.0% | ±0% |
| 9 | IEMG | ISHARES INC | 21.37M | $1.8B | 1.9% | −1% |
| 10 | MSFT | MICROSOFT CORP | 4.45M | $1.7B | 1.8% | +1% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other22.5% (−1pp)
Technology7.5% (±0)
Semiconductors6.3% (+2pp)
Media4.1% (±0)
Retail3.9% (±0)
Pharmaceuticals3.0% (±0)
§ 03 · THE US SIGNAL
AC read
US BANCORP \DE\ is a Dealer / Bank fund managing $91.6 billion in assets. The fund runs a massive portfolio of 8,256 positions, broad diversification across holdings, with the top 10 accounting for 26%. Trading activity is aggressive at 42% quarterly turnover, with 243 new positions and 0 exits last quarter. Top sector allocations: Other (23%), Technology (8%), Semiconductors (6%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+243 buys · −0 exits · 3194 changed
Q1 2026
Busy quarter
+355 buys · −0 exits · 3185 changed
Q4 2025
Busy quarter
+253 buys · −0 exits · 2997 changed
Q3 2025
Busy quarter
+193 buys · −0 exits · 3048 changed