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US Bancorp: 13F portfolio Q2 2026 and what copying it returned
US Bancorp's 13F for the quarter ended 2026-06-30 (filed Aug 12, 2026): 400 common-share positions, $91.6B reported. Copying each 13F the day after it was filed returned +27.3% from May 12, 2025 to Nov 6, 2026, against +30.3% for SPY.
Copying the 13F
Each 13F bought at the close of the first trading day after it was filed and held, drifting, until the next one; value-weighted over the common-share positions with a price (97.4% of the portfolio on average); 6 filings since May 8, 2025. Price returns for the clone and SPY alike (no dividends, no costs). A 13F lists only US long positions at quarter end, reported up to 45 days later.
Largest holdings (2026-06-30)
| Ticker | Company | Weight | Value | Change in the quarter |
|---|---|---|---|---|
| SCHX | Schwab US Large-Cap ETF | 5.5% | $5.1B | +18.7% |
| IVV | iShares Core S&P 500 ETF | 5.4% | $4.9B | +13.1% |
| AGG | iShares Core U.S. Aggregate | 4.3% | $3.9B | -7.2% |
| IEFA | iShares Core MSCI Eafe ETF | 3.8% | $3.5B | +0.9% |
| SPY | SPDR S&P 500 ETF Trust | 3.4% | $3.1B | +0.9% |
| AAPL | Apple | 3.2% | $2.9B | -0.7% |
| IEMG | iShares Core MSCI Emerging | 2.6% | $2.4B | -1.5% |
| GOOGL | Alphabet | 2.3% | $2.1B | +0.4% |
| MSFT | Microsoft | 2.2% | $2.1B | +1.3% |
| VO | Vngrd Mrngstr Md-Cap Etf-Usd | 2.0% | $1.8B | +322.0% |
| NVDA | NVIDIA | 1.8% | $1.6B | +2.2% |
| LLY | ELI Lilly | 1.8% | $1.6B | -0.2% |
| AMZN | Amazon.com | 1.6% | $1.4B | +1.7% |
| IWR | iShares Russell Mid-Cap ETF | 1.5% | $1.4B | -1.1% |
| JPM | JPMorgan Chase | 1.2% | $1.1B | -0.9% |
| IXUS | iShares Core International Stock ETF | 1.2% | $1.1B | +19.4% |
| EFV | iShares MSCI Eafe Value ETF | 1.2% | $1.1B | +1.2% |
| QQQ | Invesco QQQ Trust Series 1 | 1.0% | $954M | -2.3% |
| MU | Micron Technology | 1.0% | $887M | -10.2% |
| SCHH | Schwab US REIT ETF | 0.9% | $813M | +2.0% |
| VTI | VG Morningstar TS MKT Etf-Us | 0.8% | $752M | -3.9% |
| VEA | Vanguard FTSE Developed ETF | 0.8% | $742M | -9.7% |
| EFA | iShares MSCI Eafe ETF | 0.8% | $737M | -0.6% |
| VTWO | Vanguard Russell 2000 ETF | 0.8% | $716M | +2.4% |
| IJR | iShares Core S&P Small-Cap E | 0.8% | $703M | -2.5% |
Biggest adds
- HON new
- HONA new
- XLV new
- USMV new
- XLE new
- XLU new
- XLP new
- XLC new
- UCON new
- FDXF new
- DD new
- SPSB new
Biggest cuts
- XLK exit
- SPHY exit
- XLY exit
- XLF exit
- DSI exit
- SPDW exit
- XLI exit
- SPYM exit
- SDY exit
Track record
Of 3 position changes scored in 3 separate decisions, 66.7% were on the right side of SPY over the next three months (Disclosures → Smart money).
Open in Disclosures → every quarter, the clone month by month, the smart-money record
Source: SEC Form 13F-HR, filer CIK 36104. Not investment advice.