DAVIS SELECTED ADVISERS: US BANCORP (USB): Quarterly 13F Position History
As of Q1 2026, DAVIS SELECTED ADVISERS reported 22,237,960 shares of US BANCORP (USB), worth $1.2B and representing 5.3% of its 13F equity book. Quarter-over-quarter share count change: + 196,201 (+0.9%) . The position first appeared in Q1 2016 and has been disclosed across 41 13F-HR filings in Pactolio's tracked window.
- 22,237,960Shares Held (Latest Filing)
- $1.2BReported Market Value (Latest Filing)
- 5.3%Portfolio Weight (% of 13F Equity Book)
- +196,201Quarter-over-Quarter Share Change
- -$19.6MQuarter-over-Quarter Value Change
- 22,237,960Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 22,237,960 | +196,201 | +0.9% | $1.2B | 5.3% | $52.0 |
| Q4 2025 | 22,041,759 | +2,610,197 | +13.4% | $1.2B | 5.3% | $53.4 |
| Q3 2025 | 19,431,562 | +99,925 | +0.5% | $939.1M | 4.9% | $48.3 |
| Q2 2025 | 19,331,637 | +4,442,623 | +29.8% | $874.8M | 4.7% | $45.3 |
| Q1 2025 | 14,889,014 | +513,875 | +3.6% | $628.6M | 3.6% | $42.2 |
| Q4 2024 | 14,375,139 | 17,854 | -0.1% | $687.6M | 4.0% | $47.8 |
| Q3 2024 | 14,392,993 | +164,549 | +1.2% | $658.2M | 3.7% | $45.7 |
| Q2 2024 | 14,228,444 | +43,437 | +0.3% | $564.9M | 3.3% | $39.7 |
| Q1 2024 | 14,185,007 | 1,101,364 | -7.2% | $634.1M | 3.6% | $44.7 |
| Q4 2023 | 15,286,371 | 54,253 | -0.4% | $661.6M | 3.7% | $43.3 |
| Q3 2023 | 15,340,624 | 81,709 | -0.5% | $507.2M | 3.2% | $33.1 |
| Q2 2023 | 15,422,333 | 123,373 | -0.8% | $509.6M | 3.1% | $33.0 |
| Q1 2023 | 15,545,706 | 255,574 | -1.6% | $560.4M | 3.7% | $36.0 |
| Q4 2022 | 15,801,280 | 622,797 | -3.8% | $689.1M | 4.7% | $43.6 |
| Q3 2022 | 16,424,077 | 204,510 | -1.2% | $662.2M | 4.7% | $40.3 |
| Q2 2022 | 16,628,587 | 636,878 | -3.7% | $765.2M | 4.9% | $46.0 |
| Q1 2022 | 17,265,465 | 557,493 | -3.1% | $917.7M | 4.6% | $53.1 |
| Q4 2021 | 17,822,958 | 70,311 | -0.4% | $1.0B | 4.7% | $56.2 |
| Q3 2021 | 17,893,269 | 289,418 | -1.6% | $1.1B | 4.9% | $59.4 |
| Q2 2021 | 18,182,687 | +12,416 | +0.1% | $1.0B | 4.3% | $57.0 |
| Q1 2021 | 18,170,271 | +1,296,831 | +7.7% | $1.0B | 4.4% | $55.3 |
| Q4 2020 | 16,873,440 | 287,259 | -1.7% | $786.1M | 3.8% | $46.6 |
| Q3 2020 | 17,160,699 | +3,736,688 | +27.8% | $615.2M | 3.4% | $35.9 |
| Q2 2020 | 13,424,011 | +321,855 | +2.5% | $494.3M | 2.9% | $36.8 |
| Q1 2020 | 13,102,156 | +4,717,407 | +56.3% | $451.4M | 3.1% | $34.5 |
| Q4 2019 | 8,384,749 | 301,231 | -3.5% | $497.1M | 2.4% | $59.3 |
| Q3 2019 | 8,685,980 | 370,216 | -4.1% | $480.7M | 2.4% | $55.3 |
| Q2 2019 | 9,056,196 | 170,216 | -1.8% | $474.5M | 2.3% | $52.4 |
| Q1 2019 | 9,226,412 | 3,745 | -0.0% | $444.6M | 2.2% | $48.2 |
| Q4 2018 | 9,230,157 | 12,979 | -0.1% | $421.6M | 2.4% | $45.7 |
| Q3 2018 | 9,243,136 | +4,571 | +0.0% | $488.1M | 2.1% | $52.8 |
| Q2 2018 | 9,238,565 | +7,511,222 | +434.8% | $462.1M | 2.0% | $50.0 |
| Q1 2018 | 1,727,343 | +216,027 | +14.3% | $87.2M | 0.4% | $50.5 |
| Q4 2017 | 1,511,316 | +149,779 | +11.0% | $81.0M | 0.3% | $53.6 |
| Q3 2017 | 1,361,537 | +10,528 | +0.8% | $73.0M | 0.3% | $53.6 |
| Q2 2017 | 1,351,009 | 1,004,720 | -42.7% | $70.1M | 0.3% | $51.9 |
| Q1 2017 | 2,355,729 | +122,810 | +5.5% | $121.3M | 0.5% | $51.5 |
| Q4 2016 | 2,232,919 | +2,114 | +0.1% | $114.7M | 0.5% | $51.4 |
| Q3 2016 | 2,230,805 | 820 | -0.0% | $95.7M | 0.4% | $42.9 |
| Q2 2016 | 2,231,625 | +1,154,676 | +107.2% | $90.0M | 0.4% | $40.3 |
| Q1 2016 | 1,076,949 | — | — | $43.7M | 0.2% | $40.6 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did DAVIS SELECTED ADVISERS first disclose a USB position in 13F-HR filings?
DAVIS SELECTED ADVISERS first reported US BANCORP (USB) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was DAVIS SELECTED ADVISERS's most recent quarter-over-quarter share-count change in USB?
Between Q4 2025 and Q1 2026, DAVIS SELECTED ADVISERS added 196,201 shares of USB (+0.9%), bringing the total reported position to 22,237,960 shares at a market value of $1.2B.
Does the implied price-per-share represent DAVIS SELECTED ADVISERS's cost basis in USB?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.