Who owns USB (USB)
Which tracked institutional funds hold USB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See USB company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
251 tracked funds added or opened USB while 412 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
USB’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes USB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in USB divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1958 tracked filers holding USB, 915 increased or opened the position and 914 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in USB between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 48
- VANGUARD CAPITAL MANAGEMENT LLC$5.2B
- VANGUARD PORTFOLIO MANAGEMENT LLC$1.5B
- VANGUARD FIDUCIARY TRUST CO$455M
- Vanguard Global Advisers, LLC$182M
- VANGUARD ASSET MANAGEMENT, Ltd$163M
- CAPITOLIS LIQUID GLOBAL MARKETS LLC$43M
Full exits 74
- VANGUARD GROUP INC$7.8B
- Capitolis Liquid Global Markets LLC$111M
- Prana Capital Management, LP$98M
- Magellan Asset Management Ltd$56M
- HRT FINANCIAL LP$47M
- Mizuho Markets Cayman LP$41M
Largest adds
- JPMORGAN CHASE & CO$549M
- Capital Research Global Investors$318M
- CITADEL ADVISORS LLC$308M
- BROWN BROTHERS HARRIMAN & CO$293M
- ALLIANCEBERNSTEIN L.P.$285M
- AMERIPRISE FINANCIAL INC$121M
Largest trims
- NORGES BANK$1.2B
- BlackRock, Inc.$794M
- FMR LLC$367M
- MARSHALL WACE, LLP$312M
- MILLENNIUM MANAGEMENT LLC$265M
- BARCLAYS PLC$189M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 117,264,117 | $6.1B | 9.4% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 100,884,405 | $5.2B | 8.1% | 2026-Q1 |
| STATE STREET CORP trimmed | 69,408,539 | $3.6B | 5.6% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 61,683,367 | $3.1B | 4.8% | 2026-Q1 |
| FMR LLC trimmed | 57,048,516 | $3.0B | 4.6% | 2026-Q1 |
| MUFG BANK, LTD. | 44,374,155 | $2.3B | 3.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 38,439,644 | $2.0B | 3.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 29,598,590 | $1.5B | 2.4% | 2026-Q1 |
| MORGAN STANLEY added | 29,304,473 | $1.5B | 2.4% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 24,874,028 | $1.3B | 2.0% | 2026-Q1 |
| DAVIS SELECTED ADVISERS added | 22,237,960 | $1.2B | 1.8% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 19,113,643 | $994M | 1.5% | 2026-Q1 |
| Aristotle Capital Management, LLC trimmed | 18,747,239 | $975M | 1.5% | 2026-Q1 |
| Invesco Ltd. trimmed | 16,975,883 | $883M | 1.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 16,923,237 | $880M | 1.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 16,449,920 | $856M | 1.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 15,820,033 | $823M | 1.3% | 2026-Q1 |
| NORGES BANK trimmed | 16,691,089 | $705M | 1.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 13,342,380 | $694M | 1.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 12,530,419 | $652M | 1.0% | 2026-Q1 |
| Capital Research Global Investors added | 11,821,222 | $615M | 0.9% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 11,510,727 | $599M | 0.9% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 11,296,262 | $588M | 0.9% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 10,440,090 | $543M | 0.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 10,369,212 | $539M | 0.8% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 9,551,907 | $497M | 0.8% | 2026-Q1 |
| Legal & General Group Plc added | 9,532,143 | $496M | 0.8% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 9,149,030 | $476M | 0.7% | 2026-Q1 |
| First Eagle Investment Management, LLC added | 9,018,084 | $469M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 8,748,069 | $455M | 0.7% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 8,118,845 | $422M | 0.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 7,613,208 | $396M | 0.6% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 7,582,652 | $394M | 0.6% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 7,300,739 | $380M | 0.6% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 7,042,730 | $376M | 0.6% | 2026-Q1 |
| BARCLAYS PLC trimmed | 6,940,768 | $361M | 0.6% | 2026-Q1 |
| SG Americas Securities, LLC added | 6,559,944 | $341M | 0.5% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 6,558,956 | $341M | 0.5% | 2026-Q1 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 6,515,523 | $339M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 6,493,521 | $338M | 0.5% | 2026-Q1 |
| Amundi added | 6,470,642 | $337M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 6,015,518 | $313M | 0.5% | 2026-Q1 |
| BROWN BROTHERS HARRIMAN & CO added | 5,745,120 | $299M | 0.5% | 2026-Q1 |
| UBS Group AG trimmed | 5,652,311 | $294M | 0.5% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 5,583,099 | $287M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 5,328,740 | $277M | 0.4% | 2026-Q1 |
| Fisher Asset Management, LLC trimmed | 4,878,204 | $254M | 0.4% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 4,600,511 | $239M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 4,438,611 | $231M | 0.4% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 4,124,842 | $214M | 0.3% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 4,061,741 | $211M | 0.3% | 2026-Q1 |
| National Pension Service added | 4,010,770 | $209M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 3,956,818 | $206M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 3,535,071 | $184M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 3,508,509 | $182M | 0.3% | 2026-Q1 |
| Nuveen, LLC added | 3,481,905 | $181M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 3,398,345 | $177M | 0.3% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 3,263,435 | $170M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 3,231,350 | $168M | 0.3% | 2026-Q1 |
| EQUITY INVESTMENT CORP trimmed | 3,219,982 | $167M | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 3,206,020 | $167M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 3,128,751 | $163M | 0.3% | 2026-Q1 |
| LPL Financial LLC added | 3,087,669 | $161M | 0.2% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 3,136,833 | $158M | 0.2% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 2,925,255 | $152M | 0.2% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB added | 2,747,928 | $140M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 2,671,607 | $139M | 0.2% | 2026-Q1 |
| Allianz Asset Management GmbH added | 2,610,273 | $136M | 0.2% | 2026-Q1 |
| BAHL & GAYNOR INC trimmed | 2,520,978 | $131M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 2,380,108 | $124M | 0.2% | 2026-Q1 |
| Rathbones Group PLC added | 2,376,051 | $124M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 2,333,893 | $121M | 0.2% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 2,328,277 | $121M | 0.2% | 2026-Q1 |
| CINCINNATI INSURANCE CO | 2,199,500 | $114M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 2,005,491 | $104M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 1,978,207 | $103M | 0.2% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 1,931,287 | $100M | 0.2% | 2026-Q1 |
| KBC Group NV added | 1,888,428 | $98M | 0.2% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 1,804,556 | $94M | 0.1% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 1,784,403 | $93M | 0.1% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 1,751,314 | $91M | 0.1% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 1,723,048 | $90M | 0.1% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 1,688,804 | $88M | 0.1% | 2026-Q1 |
| Freestone Grove Partners LP trimmed | 1,661,642 | $86M | 0.1% | 2026-Q1 |
| PANAGORA ASSET MANAGEMENT INC added | 1,656,765 | $86M | 0.1% | 2026-Q1 |
| Epoch Investment Partners, Inc. trimmed | 1,651,944 | $86M | 0.1% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 1,609,757 | $82M | 0.1% | 2026-Q1 |
| Alecta Tjanstepension Omsesidigt trimmed | 1,480,500 | $77M | 0.1% | 2026-Q1 |
| CITIGROUP INC trimmed | 1,458,015 | $76M | 0.1% | 2026-Q1 |
| ZACKS INVESTMENT MANAGEMENT added | 1,456,936 | $76M | 0.1% | 2026-Q1 |
| Zurich Insurance Group Ltd/FI trimmed | 1,448,978 | $75M | 0.1% | 2026-Q1 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ trimmed | 1,440,893 | $75M | 0.1% | 2026-Q1 |
| Douglas Lane & Associates, LLC added | 1,438,749 | $75M | 0.1% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 1,389,660 | $72M | 0.1% | 2026-Q1 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 1,374,652 | $71M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 146,375,506 | $7.8B | 12.1% | 2025-Q4 stale |
| VIKING GLOBAL INVESTORS LP trimmed | 24,089,428 | $1.1B | 1.7% | 2025-Q2 stale |
| Capitolis Liquid Global Markets LLC added | 2,081,500 | $111M | 0.2% | 2025-Q4 stale |
| Prana Capital Management, LP trimmed | 1,830,228 | $98M | 0.2% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.