1y return+18.1%S&P 500 +20.9%
3y return+50.4%S&P 500 +68.5%
5y return+46.5%S&P 500 +74.5%
10y return+159.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $260 against $357 in the S&P 500.2
Us Bancorp \de\S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SCHXSchwab Strategic Tr | $5.1B | 5.5% | +18.7% |
| IVVIshares Tr | $4.9B | 5.4% | +13.1% |
| AGGIshares Tr | $3.9B | 4.3% | −7.2% |
| IEFAIshares Tr | $3.5B | 3.8% | |
| SPYState Str Spdr S&p 500 Etf T | $3.1B | 3.4% | |
| AAPLApple Inc | $2.9B | 3.2% | |
| IEMGIshares Inc | $2.4B | 2.6% | −1.5% |
| GOOGLAlphabet Inc | $2.1B | 2.3% | |
| MSFTMicrosoft Corp | $2.1B | 2.2% | +1.3% |
| VOVanguard Index Fds | $1.8B | 2.0% | +5.5% |
| NVDANvidia Corporation | $1.6B | 1.8% | +2.2% |
| LLYEli Lilly & Co | $1.6B | 1.8% | |
| AMZNAmazon Com Inc | $1.4B | 1.6% | +1.7% |
| IWRIshares Tr | $1.4B | 1.5% | −1.1% |
| JPMJpmorgan Chase & Co | $1.1B | 1.2% | |
| IXUSIshares Tr | $1.1B | 1.2% | +19.4% |
| EFVIshares Tr | $1.1B | 1.2% | +1.2% |
| QQQInvesco Qqq Tr | $953.8M | 1.0% | −2.3% |
| MUMicron Technology Inc | $887.5M | 1.0% | −10.2% |
| SCHHSchwab Strategic Tr | $813.1M | 0.9% | +2.0% |
| VTIVanguard Index Fds | $752.1M | 0.8% | −3.9% |
| VEAVanguard Tax-managed Fds | $741.8M | 0.8% | −9.7% |
| EFAIshares Tr | $736.7M | 0.8% | |
| VTWOVanguard Scottsdale Fds | $716.0M | 0.8% | +2.4% |
| IJRIshares Tr | $702.6M | 0.8% | −2.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $1.6B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $492.9M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $643.1M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $504.7M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $1.6B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $2.1B |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $646.7M |
| XLKSelect Sector Spdr Tr | June 30, 2020 | +264.7% | $511.0M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $1.1B |
| AAPLApple Inc | June 30, 2020 | +217.3% | $2.9B |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $181.2M
- CTRACoterra Energy Inc was $68.5M
- Dupont De Nemours IncCUSIP 26614N102 was $10.6M
- BNDWVanguard Scottsdale Fds was $3.0M
- Carnival CorpCUSIP 143658300 was $1.2M
- Sealed Air Corp NewCUSIP 81211K100 was $1.0M
- Air Lease CorpCUSIP 00912X302 was $1.0M
- Hologic IncCUSIP 436440101 was $943K
- Tri Pointe Homes IncCUSIP 87265H109 was $769K
- American Woodmark CorpCUSIP 030506109 was $732K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.1% | +14.8% |
| March 31, 2026 | −2.2% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +6.3% | +7.8% |
| June 30, 2025 | +7.4% | +10.5% |
| March 31, 2025 | −1.7% | −4.6% |
| December 31, 2024 | −1.3% | +2.1% |
| September 30, 2024 | +6.0% | +5.4% |
| June 30, 2024 | +1.2% | +4.0% |
| March 31, 2024 | +7.6% | +10.0% |
| December 31, 2023 | +10.0% | +11.2% |
| September 30, 2023 | −3.5% | −3.6% |
| June 30, 2023 | +5.2% | +8.3% |
| March 31, 2023 | +4.4% | +7.0% |
| December 31, 2022 | +8.1% | +7.1% |
| September 30, 2022 | −5.7% | −5.3% |
| June 30, 2022 | −14.3% | −16.5% |
| March 31, 2022 | −5.4% | −4.9% |
| December 31, 2021 | +8.0% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Us Bancorp \de\ Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=36104&type=13F-HR&dateb=&owner=include&count=40CIK 36104
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/36104/000003610426000049/Filed August 12, 2026 · accession 0000036104-26-000049