US BANCORP DE
Q3 2026 Form 13-F
MINNEAPOLIS, MINNESOTA
CIK 0000036104
· CRD 111912
· Publicly traded company
Consolidated report · includes
3 managers
since Q2 2013
$92.0B Reported Value Total
U.S. BANCORP ASSET MANAGEMENT, INC. reports 2,340 total accounts under management (AUM). There are 1,884 discretionary accounts valued at $426,580,240,381, and 456 non-discretionary accounts valued at $897,811,104.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
1 fund
· $5.1B gross asset value
Liquidity Fund: $5.1B
Source: Form ADV filed 2026-08-28
Reported value
$92.0B
Quarter over quarter
+0.5%
Holdings
4,202
Top-10 concentration
36.2%
Filing Structure
Reports holdings for
- U S BANCORP ADVISORS LLC · File #028-23423 · since Q3 2023
- US BANK NATIONAL ASSOCIATION · File #028-02267 · since Q2 2013
- U.S. BANCORP ASSET MANAGEMENT INC (not a 13F filer in our records) · File #028-06687 · since Q2 2013
- U S BANCORP INVESTMENTS INC · File #028-16147 · Q1 2014 – Q4 2025
- PFM Asset Management LLC · File #028-19264 · Q4 2021 – Q3 2024
- HIGHMARK CAPITAL MANAGEMENT INC CA · File #028-04663 · Q4 2022 – Q4 2023 · declared by one filing
- MUFG Union Bank N A · File #028-04661 · Q4 2022 – Q1 2023 · declared by one filing
Key People
Form ADV owners & control persons
Richard Jude Ertel
DIRECTOR, CHIEF COUNSEL AND SECRETARY
Lisa Ann Isaacson
CHIEF ADMINISTRATIVE OFFICER
Greg Richard Kirchhoff
INTERIM CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q3 2026 13F record
Q3 2026 13F filing summary
| Period of report | September 30, 2026 |
|---|---|
| Filed | November 05, 2026 |
| Form | 13F-HR |
| Reported value | $92.0B |
| Positions | 4,202 |
| Change in reported value | +0.4% |
| New positions | 284 |
| Exited positions | 205 |
| Position turnover | 11.1% |
| Top-10 concentration | 36.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Nov 5, 2026
|
4,202 | $92.0B |
|
Q2 2026 13F
Filed Aug 12, 2026
|
4,122 | $91.6B |
|
Q1 2026 13F
Filed May 15, 2026
|
4,130 | $82.4B |
|
Q4 2025 13F
Filed Jan 30, 2026
|
3,993 | $85.3B |
|
Q3 2025 13F
Filed Nov 12, 2025
|
3,952 | $84.4B |
|
Q2 2025 13F
Filed Jul 24, 2025
|
4,105 | $79.4B |
|
Q1 2025 13F
Filed May 8, 2025
|
4,118 | $74.9B |
|
Q4 2024 13F
Filed Feb 5, 2025
|
4,087 | $76.4B |
|
Q3 2024 13F
Filed Oct 28, 2024
|
3,991 | $77.9B |
|
Q2 2024 13F
Filed Aug 7, 2024
|
3,906 | $73.4B |
|
Q1 2024 13F
Filed May 8, 2024
|
3,902 | $71.8B |
|
Q4 2023 13F
Filed Feb 9, 2024
|
3,894 | $67.6B |
|
Q3 2023 13F
Filed Nov 3, 2023
|
3,907 | $61.2B |
|
Q2 2023 13F
Filed Aug 10, 2023
|
3,897 | $62.1B |
|
Q1 2023 13F
Filed May 9, 2023
|
4,000 | $59.2B |
|
Q4 2022 13F
Filed Feb 13, 2023
|
4,044 | $56.5B |
|
Q3 2022 13F
Filed Oct 27, 2022
|
3,812 | $48.4B |
|
Q2 2022 13F
Filed Aug 1, 2022
|
3,833 | $51.6B |
|
Q1 2022 13F
Filed May 11, 2022
|
3,851 | $60.1B |
|
Q4 2021 13F
Filed Feb 11, 2022
|
3,917 | $63.4B |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | IVV ISHARES TR | $5.1B | 5.58% |
| 2 | SCHX SCHWAB STRATEGIC TR | $5.0B | 5.47% |
| 3 | AGG ISHARES TR | $3.9B | 4.28% |
| 4 | IEFA ISHARES TR | $3.5B | 3.85% |
| 5 | AAPL APPLE INC | $3.3B | 3.61% |
| 6 | SPY STATE STR SPDR S&P 500 ETF T | $3.2B | 3.44% |
| 7 | MSFT MICROSOFT CORP | $2.8B | 3.06% |
| 8 | IEMG ISHARES INC | $2.4B | 2.61% |
| 9 | GOOGL ALPHABET INC | $2.0B | 2.23% |
| 10 | NVDA NVIDIA CORPORATION | $1.9B | 2.05% |
| 11 | VO VANGUARD INDEX FDS | $1.9B | 2.04% |
| 12 | LLY ELI LILLY & CO | $1.6B | 1.69% |
| 13 | AMZN AMAZON COM INC | $1.5B | 1.63% |
| 14 | IWR ISHARES TR | $1.4B | 1.48% |
| 15 | EFV ISHARES TR | $1.1B | 1.25% |
| 16 | JPM JPMORGAN CHASE & CO | $1.1B | 1.24% |
| 17 | IXUS ISHARES TR | $1.1B | 1.21% |
| 18 | QQQ INVESCO QQQ TR | $949.7M | 1.03% |
| 19 | MU MICRON TECHNOLOGY INC | $800.3M | 0.87% |
| 20 | META META PLATFORMS INC | $798.7M | 0.87% |
Values as reported on the Q3 2026 Form 13F. Every position is in the holdings table below.