National Bank of Canada
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National Bank of Canada’s US Bancorp USB Stock Holding History

National Bank of Canada’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
Q1 		$38M Buy
729,717
+145,916
+25% +$8.02M 0.03% 337
2025
Q4 		$31.1M Sell
583,801
-869,684
-60% -$42.8M 0.03% 408
2025
Q3 		$70.2M Sell
1,453,485
-257,344
-15% -$12.2M 0.07% 226
2025
Q2 		$77.4M Sell
1,710,829
-92,132
-5% -$3.87M 0.07% 220
2025
Q1 		$76.1M Buy
1,802,961
+1,001,097
+125% +$46.2M 0.08% 231
2024
Q4 		$38.4M Sell
801,864
-2,735,031
-77% -$135M 0.04% 372
2024
Q3 		$162M Buy
3,536,895
+838,253
+31% +$36.8M 0.19% 110
2024
Q2 		$106M Buy
2,698,642
+2,046,522
+314% +$83.5M 0.14% 127
2024
Q1 		$27.3M Buy
652,120
+38,547
+6% +$1.63M 0.04% 333
2023
Q4 		$26.9M Sell
613,573
-772,840
-56% -$28.3M 0.04% 341
2023
Q3 		$44.6M Buy
1,386,413
+1,032,866
+292% +$37.6M 0.07% 250
2023
Q2 		$11.8M Sell
353,547
-134,176
-28% -$4.34M 0.02% 514
2023
Q1 		$17.5M Sell
487,723
-205,555
-30% -$9.16M 0.04% 301
2022
Q4 		$30.2M Sell
693,278
-642,435
-48% -$27.5M 0.08% 218
2022
Q3 		$53.9M Buy
1,335,713
+1,189,988
+817% +$55.1M 0.29% 77
2022
Q2 		$6.74M Buy
145,725
+17,493
+14% +$873K 0.03% 472
2022
Q1 		$6.81M Sell
128,232
-641,006
-83% -$36.8M 0.02% 528
2021
Q4 		$43.2M Buy
+769,238
New +$45.5M 0.15% 120

Other funds holding USB

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
MB
MUFG Bank Tokyo 100-8388,, Japan $3.04B AUM 15.55% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

National Bank of Canada's USB Position: Q1 2026 in Review

National Bank of Canada increased its US Bancorp (USB) stake by 25% in Q1 2026, buying an estimated $8.02M and bringing the position to 729,717 shares worth $38M. The position accounts for 0.03% of the portfolio, ranked #337.

National Bank of Canada first reported a position in USB in Q4 2021 and has held it in 18 quarters since. The position peaked at $162M in Q3 2024. 1,968 funds tracked by Wall St. Rank hold USB as of Q1 2026.

  • National Bank of Canada held 729,717 shares of US Bancorp worth $38M as of Q1 2026.
  • National Bank of Canada bought 145,916 US Bancorp shares in Q1 2026, an estimated $8.02M.
  • US Bancorp made up 0.03% of National Bank of Canada's portfolio in Q1 2026, its #337 holding.
  • National Bank of Canada first reported a position in US Bancorp in Q4 2021 and has held it in 18 quarters since.
  • National Bank of Canada's US Bancorp position peaked at $162M in Q3 2024.
  • 1,968 funds tracked by Wall St. Rank held US Bancorp as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.