Filed: 11/12/2025ACC: 0000036104-25-000067
📋 What this filing means
US BANCORP \DE\ filed this quarterly 13F‑HR report disclosing 3983 equity positions with a total reported market value of $84.38B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
3983
Positions
$84.38B
Total AUM (reported)
867.82M
Total Shares
Allocation by class
COM$31.67B37.5%
US LRG CAP ETF$5.42B6.4%
CORE US AGGBD ET$4.25B5.0%
CORE S&P500 ETF$4.03B4.8%
CORE MSCI EAFE$3.10B3.7%
TR UNIT$2.87B3.4%
CL A$2.57B3.0%
Portfolio Concentration
Top 3$13.69B16.2%
4–10$16.30B19.3%
11–25$13.38B15.9%
Rest$41.01B48.6%
Top 3 weight
16.2%
Top 10 weight
35.5%
Voting Authority Distribution
Total shares with voting rights: 867.82M
Sole
Full voting authority
700.02M
shares
% of voting shares80.7%
Shared
Joint voting authority
1.49M
shares
% of voting shares0.2%
None
No voting authority
166.31M
shares
% of voting shares19.2%
Investment Discretion (by position count)
Sole0
Shared0
Other3983
Dominant voting typeSole · 80.7% of voting shares
Institutional Holdings3983
Rows:
SCHWAB STRATEGIC TR
DFNDShares205.65M
TypeSH
Market value$5.42B
6.42%
Sole
176.10M
Shared
0.00
None
29.55M
ISHARES TR
DFNDShares42.35M
TypeSH
Market value$4.25B
5.03%
Sole
24.20M
Shared
4.32K
None
18.15M
ISHARES TR
DFNDShares6.02M
TypeSH
Market value$4.03B
4.78%
Sole
3.61M
Shared
1.47K
None
2.41M
ISHARES TR
DFNDShares35.45M
TypeSH
Market value$3.10B
3.67%
Sole
29.15M
Shared
11.93K
None
6.29M
SPDR S&P 500 ETF TR
DFNDShares4.31M
TypeSH
Market value$2.87B
3.40%
Sole
4.25M
Shared
4.45K
None
48.67K
MICROSOFT CORP
DFNDShares5.44M
TypeSH
Market value$2.82B
3.34%
Sole
4.89M
Shared
17.76K
None
531.03K
APPLE INC
DFNDShares10.44M
TypeSH
Market value$2.66B
3.15%
Sole
9.42M
Shared
27.53K
None
990.90K
ISHARES INC
DFNDShares28.41M
TypeSH
Market value$1.87B
2.22%
Sole
22.43M
Shared
7.89K
None
5.98M
NVIDIA CORPORATION
DFNDShares8.05M
TypeSH
Market value$1.50B
1.78%
Sole
6.68M
Shared
5.15K
None
1.36M
ALPHABET INC
DFNDShares6.09M
TypeSH
Market value$1.48B
1.75%
Sole
5.47M
Shared
24.32K
None
593.95K
VANGUARD INDEX FDS
DFNDShares4.61M
TypeSH
Market value$1.35B
1.61%
Sole
2.09M
Shared
394.00
None
2.52M
ISHARES TR
DFNDShares13.64M
TypeSH
Market value$1.32B
1.56%
Sole
13.26M
Shared
4.94K
None
376.35K
AMAZON COM INC
DFNDShares5.76M
TypeSH
Market value$1.26B
1.50%
Sole
5.06M
Shared
14.74K
None
684.52K
JPMORGAN CHASE & CO.
DFNDShares3.66M
TypeSH
Market value$1.15B
1.37%
Sole
3.38M
Shared
5.43K
None
274.87K
ELI LILLY & CO
DFNDShares1.38M
TypeSH
Market value$1.05B
1.25%
Sole
1.32M
Shared
173.00
None
51.40K
ISHARES TR
DFNDShares14M
TypeSH
Market value$949.38M
1.13%
Sole
10.56M
Shared
1.65K
None
3.43M
INVESCO QQQ TR
DFNDShares1.38M
TypeSH
Market value$827.35M
0.98%
Sole
1.27M
Shared
1.06K
None
103.57K
META PLATFORMS INC
DFNDShares952.52K
TypeSH
Market value$699.52M
0.83%
Sole
820.70K
Shared
563.00
None
131.26K
VANGUARD TAX-MANAGED FDS
DFNDShares11.55M
TypeSH
Market value$692.15M
0.82%
Sole
9.89M
Shared
2.63K
None
1.65M
SCHWAB STRATEGIC TR
DFNDShares32.08M
TypeSH
Market value$691.95M
0.82%
Sole
24.10M
Shared
9.88K
None
7.97M
ISHARES TR
DFNDShares7.40M
TypeSH
Market value$690.75M
0.82%
Sole
7.27M
Shared
9.53K
None
118.25K
VANGUARD INDEX FDS
DFNDShares2.10M
TypeSH
Market value$688.76M
0.82%
Sole
2.06M
Shared
4.51K
None
37.67K
BERKSHIRE HATHAWAY INC DEL
DFNDShares900.00
TypeSH
Market value$678.78M
0.80%
Sole
886.00
Shared
1.00
None
13.00
ISHARES TR
DFNDShares8.07M
TypeSH
Market value$666.54M
0.79%
Sole
2.14M
Shared
0.00
None
5.93M
BERKSHIRE HATHAWAY INC DEL
DFNDShares1.29M
TypeSH
Market value$650.31M
0.77%
Sole
1.21M
Shared
4.63K
None
83.37K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SCHWAB STRATEGIC TRDFND | US LRG CAP ETF | 205.65M | SH | $5.42B 6.42% | 176.10M | 0.00 | 29.55M |
ISHARES TRDFND | CORE US AGGBD ET | 42.35M | SH | $4.25B 5.03% | 24.20M | 4.32K | 18.15M |
ISHARES TRDFND | CORE S&P500 ETF | 6.02M | SH | $4.03B 4.78% | 3.61M | 1.47K | 2.41M |
ISHARES TRDFND | CORE MSCI EAFE | 35.45M | SH | $3.10B 3.67% | 29.15M | 11.93K | 6.29M |
SPDR S&P 500 ETF TRDFND | TR UNIT | 4.31M | SH | $2.87B 3.40% | 4.25M | 4.45K | 48.67K |
MICROSOFT CORPDFND | COM | 5.44M | SH | $2.82B 3.34% | 4.89M | 17.76K | 531.03K |
APPLE INCDFND | COM | 10.44M | SH | $2.66B 3.15% | 9.42M | 27.53K | 990.90K |
ISHARES INCDFND | CORE MSCI EMKT | 28.41M | SH | $1.87B 2.22% | 22.43M | 7.89K | 5.98M |
NVIDIA CORPORATIONDFND | COM | 8.05M | SH | $1.50B 1.78% | 6.68M | 5.15K | 1.36M |
ALPHABET INCDFND | CAP STK CL A | 6.09M | SH | $1.48B 1.75% | 5.47M | 24.32K | 593.95K |
VANGUARD INDEX FDSDFND | MID CAP ETF | 4.61M | SH | $1.35B 1.61% | 2.09M | 394.00 | 2.52M |
ISHARES TRDFND | RUS MID CAP ETF | 13.64M | SH | $1.32B 1.56% | 13.26M | 4.94K | 376.35K |
AMAZON COM INCDFND | COM | 5.76M | SH | $1.26B 1.50% | 5.06M | 14.74K | 684.52K |
JPMORGAN CHASE & CO.DFND | COM | 3.66M | SH | $1.15B 1.37% | 3.38M | 5.43K | 274.87K |
ELI LILLY & CODFND | COM | 1.38M | SH | $1.05B 1.25% | 1.32M | 173.00 | 51.40K |
ISHARES TRDFND | EAFE VALUE ETF | 14M | SH | $949.38M 1.13% | 10.56M | 1.65K | 3.43M |
INVESCO QQQ TRDFND | UNIT SER 1 | 1.38M | SH | $827.35M 0.98% | 1.27M | 1.06K | 103.57K |
META PLATFORMS INCDFND | CL A | 952.52K | SH | $699.52M 0.83% | 820.70K | 563.00 | 131.26K |
VANGUARD TAX-MANAGED FDSDFND | VAN FTSE DEV MKT | 11.55M | SH | $692.15M 0.82% | 9.89M | 2.63K | 1.65M |
SCHWAB STRATEGIC TRDFND | US REIT ETF | 32.08M | SH | $691.95M 0.82% | 24.10M | 9.88K | 7.97M |
ISHARES TRDFND | MSCI EAFE ETF | 7.40M | SH | $690.75M 0.82% | 7.27M | 9.53K | 118.25K |
VANGUARD INDEX FDSDFND | TOTAL STK MKT | 2.10M | SH | $688.76M 0.82% | 2.06M | 4.51K | 37.67K |
BERKSHIRE HATHAWAY INC DELDFND | CL A | 900.00 | SH | $678.78M 0.80% | 886.00 | 1.00 | 13.00 |
ISHARES TRDFND | CORE MSCI TOTAL | 8.07M | SH | $666.54M 0.79% | 2.14M | 0.00 | 5.93M |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 1.29M | SH | $650.31M 0.77% | 1.21M | 4.63K | 83.37K |
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