Davis Asset Management’s US Bancorp USB Stock Holding History

Davis Asset Management’s Portfolio USB Stock Details USB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$43.2M	Hold	715,210	–	–	1.09%	28
2026 Q1	$37.2M	Buy	715,210 +115,210	+19%	+$6.33M	1.08%	28
2025 Q4	$32M	Hold	600,000	–	–	1.15%	28
2025 Q3	$29M	Hold	600,000	–	–	1.03%	28
2025 Q2	$27.1M	Hold	600,000	–	–	1.06%	27
2025 Q1	$25.3M	Hold	600,000	–	–	1.05%	26
2024 Q4	$28.7M	Sell	600,000 -200,000	-25%	-$9.84M	1.17%	25
2024 Q3	$36.6M	Sell	800,000 -200,000	-20%	-$8.77M	1.46%	26
2024 Q2	$39.7M	Hold	1,000,000	–	–	1.78%	21
2024 Q1	$44.7M	Hold	1,000,000	–	–	1.96%	21
2023 Q4	$43.3M	Hold	1,000,000	–	–	2.1%	22
2023 Q3	$33.1M	Hold	1,000,000	–	–	1.93%	20
2023 Q2	$33M	Hold	1,000,000	–	–	1.98%	21
2023 Q1	$36M	Hold	1,000,000	–	–	2.32%	19
2022 Q4	$43.6M	Hold	1,000,000	–	–	2.43%	18
2022 Q3	$40.3M	Hold	1,000,000	–	–	2.36%	17
2022 Q2	$46M	Sell	1,000,000 -217,174	-18%	-$10.8M	2.62%	17
2022 Q1	$64.7M	Hold	1,217,174	–	–	3.16%	12
2021 Q4	$68.4M	Hold	1,217,174	–	–	3.23%	12
2021 Q3	$69.3M	Hold	1,217,174	–	–	3.58%	12
2021 Q2	$69.3M	Sell	1,217,174 -523,967	-30%	-$30.7M	3.69%	12
2021 Q1	$96.3M	Hold	1,741,141	–	–	5.48%	4
2020 Q4	$81.1M	Hold	1,741,141	–	–	5.58%	3
2020 Q3	$62.4M	Hold	1,741,141	–	–	5.72%	4
2020 Q2	$64.1M	Buy	1,741,141 +191,141	+12%	+$6.81M	6.35%	3
2020 Q1	$53.4M	Buy	1,550,000 +550,000	+55%	+$26.5M	6.14%	5
2019 Q4	$59.3M	Hold	1,000,000	–	–	4.4%	8
2019 Q3	$55.3M	Hold	1,000,000	–	–	4.28%	8
2019 Q2	$52.4M	Hold	1,000,000	–	–	4.15%	8
2019 Q1	$48.2M	Hold	1,000,000	–	–	4.12%	8
2018 Q4	$45.7M	Hold	1,000,000	–	–	4.62%	7
2018 Q3	$52.8M	Buy	1,000,000 +50,000	+5%	+$2.65M	4.84%	7
2018 Q2	$47.5M	Buy	950,000 +50,000	+6%	+$2.54M	4.43%	8
2018 Q1	$45.5M	Hold	900,000	–	–	4.75%	9
2017 Q4	$48.2M	Hold	900,000	–	–	5.28%	8
2017 Q3	$48.2M	Hold	900,000	–	–	5.71%	8
2017 Q2	$46.7M	Hold	900,000	–	–	5.97%	6
2017 Q1	$46.4M	Hold	900,000	–	–	6.06%	6
2016 Q4	$46.2M	Hold	900,000	–	–	6.26%	6
2016 Q3	$38.6M	Hold	900,000	–	–	5.95%	7
2016 Q2	$36.3M	Hold	900,000	–	–	6.29%	5
2016 Q1	$36.5M	Sell	900,000 -100,000	-10%	-$3.99M	6.59%	4
2015 Q4	$42.7M	Buy	1,000,000 +20,900	+2%	+$893K	8.24%	4
2015 Q3	$40.2M	Hold	979,100	–	–	8.06%	5
2015 Q2	$42.5M	Buy	979,100 +30,000	+3%	+$1.31M	8.73%	4
2015 Q1	$41.4M	Hold	949,100	–	–	9.49%	3
2014 Q4	$42.7M	Hold	949,100	–	–	10.59%	3
2014 Q3	$39.7M	Buy	+949,100	New	+$40.1M	10.85%	2

Other funds holding USB

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

State Street Boston, Massachusetts $3.38T AUM 44.17% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

MUFG Bank Tokyo 100-8388,, Japan $3.55B AUM 19.67% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Davis Asset Management's USB Position: Q2 2026 in Review

Davis Asset Management held its US Bancorp (USB) position steady in Q2 2026 at 715,210 shares worth $43.2M. The position accounts for 1.09% of the portfolio, ranked #28.

Davis Asset Management first reported a position in USB in Q3 2014 and has held it in 48 quarters since. The position peaked at $96.3M in Q1 2021. 2,070 funds tracked by Wall St. Rank hold USB as of Q2 2026.

Davis Asset Management held 715,210 shares of US Bancorp worth $43.2M as of Q2 2026.
Davis Asset Management left its US Bancorp share count unchanged in Q2 2026.
US Bancorp made up 1.09% of Davis Asset Management's portfolio in Q2 2026, its #28 holding.
Davis Asset Management first reported a position in US Bancorp in Q3 2014 and has held it in 48 quarters since.
Davis Asset Management's US Bancorp position peaked at $96.3M in Q1 2021.
2,070 funds tracked by Wall St. Rank held US Bancorp as of Q2 2026.

Based on Davis Asset Management's 13F filing for Q2 2026, filed 12 Aug 2026.