US BANCORP \DE\

Filed: 5/8/2025ACC: 0000036104-25-000031

📋 What this filing means

US BANCORP \DE\ filed this quarterly 13F‑HR report disclosing 4166 equity positions with a total reported market value of $74.85B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

4166

Positions

$74.85B

Total AUM (reported)

889.36M

Total Shares

Allocation by class

COM$29.07B38.8%

US LRG CAP ETF$4.80B6.4%

CORE S&P500 ETF$3.43B4.6%

CORE US AGGBD ET$3.37B4.5%

CORE MSCI EAFE$2.58B3.5%

TR UNIT$2.49B3.3%

CL A$2.28B3.0%

Portfolio Concentration

Top 3$11.60B15.5%

4–10$13.91B18.6%

11–25$11.64B15.5%

Rest$37.70B50.4%

Top 3 weight

15.5%

Top 10 weight

34.1%

Voting Authority Distribution

Total shares with voting rights: 889.36M

Sole

Full voting authority

727.98M

% of voting shares81.9%

Shared

Joint voting authority

1.45M

% of voting shares0.2%

None

No voting authority

159.93M

% of voting shares18.0%

Investment Discretion (by position count)

Sole0

Shared0

Other4166

Dominant voting typeSole · 81.9% of voting shares

Institutional Holdings4166

Rows:

SCHWAB STRATEGIC TR

DFND

US LRG CAP ETF

Shares217.20M

TypeSH

Market value$4.80B

6.41%

Sole

184.43M

Shared

0.00

None

32.77M

ISHARES TR

DFND

CORE S&P500 ETF

Shares6.10M

TypeSH

Market value$3.43B

4.58%

Sole

3.74M

Shared

1.57K

None

2.36M

ISHARES TR

DFND

CORE US AGGBD ET

Shares34.07M

TypeSH

Market value$3.37B

4.50%

Sole

21.03M

Shared

4.25K

None

13.03M

ISHARES TR

DFND

CORE MSCI EAFE

Shares34.15M

TypeSH

Market value$2.58B

3.45%

Sole

28.38M

Shared

12.39K

None

5.76M

SPDR S&P 500 ETF TR

DFND

TR UNIT

Shares4.45M

TypeSH

Market value$2.49B

3.33%

Sole

4.41M

Shared

4.50K

None

37.88K

APPLE INC

DFND

COM

Shares10.94M

TypeSH

Market value$2.43B

3.25%

Sole

9.91M

Shared

27.35K

None

993.94K

MICROSOFT CORP

DFND

COM

Shares5.63M

TypeSH

Market value$2.11B

2.82%

Sole

5.11M

Shared

17.87K

None

504.24K

ISHARES TR

DFND

RUS MID CAP ETF

Shares19.33M

TypeSH

Market value$1.64B

2.20%

Sole

15.41M

Shared

5.44K

None

3.91M

ISHARES INC

DFND

CORE MSCI EMKT

Shares27.08M

TypeSH

Market value$1.46B

1.95%

Sole

21.64M

Shared

9.51K

None

5.42M

ELI LILLY & CO

DFND

COM

Shares1.44M

TypeSH

Market value$1.19B

1.59%

Sole

1.39M

Shared

205.00

None

47.87K

AMAZON COM INC

DFND

COM

Shares5.76M

TypeSH

Market value$1.10B

1.47%

Sole

5.10M

Shared

15.44K

None

649.37K

ALPHABET INC

DFND

CAP STK CL A

Shares6.12M

TypeSH

Market value$945.96M

1.26%

Sole

5.52M

Shared

24.16K

None

568.46K

JPMORGAN CHASE & CO.

DFND

COM

Shares3.80M

TypeSH

Market value$931.97M

1.25%

Sole

3.53M

Shared

5.24K

None

268.86K

VANGUARD STAR FDS

DFND

VG TL INTL STK F

Shares14.06M

TypeSH

Market value$873.18M

1.17%

Sole

14.04M

Shared

0.00

None

23.15K

NVIDIA CORPORATION

DFND

COM

Shares7.91M

TypeSH

Market value$857.15M

1.15%

Sole

6.66M

Shared

5.94K

None

1.24M

VANGUARD TAX-MANAGED FDS

DFND

VAN FTSE DEV MKT

Shares15.61M

TypeSH

Market value$793.41M

1.06%

Sole

13.99M

Shared

4.06K

None

1.62M

ISHARES TR

DFND

RUSSELL 2000 ETF

Shares3.97M

TypeSH

Market value$791.81M

1.06%

Sole

2.99M

Shared

1.37K

None

976.94K

ISHARES TR

DFND

EAFE VALUE ETF

Shares13.07M

TypeSH

Market value$770.59M

1.03%

Sole

9.87M

Shared

2.50K

None

3.21M

BERKSHIRE HATHAWAY INC DEL

DFND

CL A

Shares901.00

TypeSH

Market value$719.40M

0.96%

Sole

886.00

Shared

1.00

None

14.00

BERKSHIRE HATHAWAY INC DEL

DFND

CL B NEW

Shares1.30M

TypeSH

Market value$691.39M

0.92%

Sole

1.21M

Shared

4.79K

None

80.71K

PROCTER AND GAMBLE CO

DFND

COM

Shares3.91M

TypeSH

Market value$666.49M

0.89%

Sole

3.65M

Shared

53.94K

None

205.30K

SCHWAB STRATEGIC TR

DFND

US REIT ETF

Shares29.82M

TypeSH

Market value$641.36M

0.86%

Sole

22.60M

Shared

9.79K

None

7.20M

INVESCO QQQ TR

DFND

UNIT SER 1

Shares1.35M

TypeSH

Market value$633.51M

0.85%

Sole

1.25M

Shared

1.31K

None

97.69K

ISHARES TR

DFND

MSCI EAFE ETF

Shares7.50M

TypeSH

Market value$613.37M

0.82%

Sole

7.35M

Shared

9.53K

None

145.72K

VANGUARD INDEX FDS

DFND

TOTAL STK MKT

Shares2.22M

TypeSH

Market value$609.34M

0.81%

Sole

2.17M

Shared

4.79K

None

38.52K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
SCHWAB STRATEGIC TRDFND	US LRG CAP ETF	217.20M	SH	$4.80B 6.41%	184.43M	0.00	32.77M
ISHARES TRDFND	CORE S&P500 ETF	6.10M	SH	$3.43B 4.58%	3.74M	1.57K	2.36M
ISHARES TRDFND	CORE US AGGBD ET	34.07M	SH	$3.37B 4.50%	21.03M	4.25K	13.03M
ISHARES TRDFND	CORE MSCI EAFE	34.15M	SH	$2.58B 3.45%	28.38M	12.39K	5.76M
SPDR S&P 500 ETF TRDFND	TR UNIT	4.45M	SH	$2.49B 3.33%	4.41M	4.50K	37.88K
APPLE INCDFND	COM	10.94M	SH	$2.43B 3.25%	9.91M	27.35K	993.94K
MICROSOFT CORPDFND	COM	5.63M	SH	$2.11B 2.82%	5.11M	17.87K	504.24K
ISHARES TRDFND	RUS MID CAP ETF	19.33M	SH	$1.64B 2.20%	15.41M	5.44K	3.91M
ISHARES INCDFND	CORE MSCI EMKT	27.08M	SH	$1.46B 1.95%	21.64M	9.51K	5.42M
ELI LILLY & CODFND	COM	1.44M	SH	$1.19B 1.59%	1.39M	205.00	47.87K
AMAZON COM INCDFND	COM	5.76M	SH	$1.10B 1.47%	5.10M	15.44K	649.37K
ALPHABET INCDFND	CAP STK CL A	6.12M	SH	$945.96M 1.26%	5.52M	24.16K	568.46K
JPMORGAN CHASE & CO.DFND	COM	3.80M	SH	$931.97M 1.25%	3.53M	5.24K	268.86K
VANGUARD STAR FDSDFND	VG TL INTL STK F	14.06M	SH	$873.18M 1.17%	14.04M	0.00	23.15K
NVIDIA CORPORATIONDFND	COM	7.91M	SH	$857.15M 1.15%	6.66M	5.94K	1.24M
VANGUARD TAX-MANAGED FDSDFND	VAN FTSE DEV MKT	15.61M	SH	$793.41M 1.06%	13.99M	4.06K	1.62M
ISHARES TRDFND	RUSSELL 2000 ETF	3.97M	SH	$791.81M 1.06%	2.99M	1.37K	976.94K
ISHARES TRDFND	EAFE VALUE ETF	13.07M	SH	$770.59M 1.03%	9.87M	2.50K	3.21M
BERKSHIRE HATHAWAY INC DELDFND	CL A	901.00	SH	$719.40M 0.96%	886.00	1.00	14.00
BERKSHIRE HATHAWAY INC DELDFND	CL B NEW	1.30M	SH	$691.39M 0.92%	1.21M	4.79K	80.71K
PROCTER AND GAMBLE CODFND	COM	3.91M	SH	$666.49M 0.89%	3.65M	53.94K	205.30K
SCHWAB STRATEGIC TRDFND	US REIT ETF	29.82M	SH	$641.36M 0.86%	22.60M	9.79K	7.20M
INVESCO QQQ TRDFND	UNIT SER 1	1.35M	SH	$633.51M 0.85%	1.25M	1.31K	97.69K
ISHARES TRDFND	MSCI EAFE ETF	7.50M	SH	$613.37M 0.82%	7.35M	9.53K	145.72K
VANGUARD INDEX FDSDFND	TOTAL STK MKT	2.22M	SH	$609.34M 0.81%	2.17M	4.79K	38.52K

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