Free · no sign-up · Q2 2026

Which funds own USB

US Bancorp in the Q2 2026 filings. At least 11 of the 91 current managers on file reported a position, worth $7.8bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 11; at least, of 91 current
Combined value: $7.8bn; as reported
Opened: 1; new this quarter
Added to: 6; already held
Trimmed or sold out: 6; 2 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Fidelity (FMR LLC) Long-only · $2304bn book	$3.1bn	0.1%	51,284,661	+$124m-5,887,169	Trimmed
T. Rowe Price Associates Inc Long-only · $999bn book	$1.5bn	0.2%	25,023,715	+$218m+149,687	Added
Invesco Ltd Long-only · $1264bn book	$1.2bn	0.1%	19,796,411	+$300m+2,582,718	Added
Capital Research Global Investors Long-only · $717bn book	$552m	0.1%	9,130,818	-$63m-2,690,404	Trimmed
First Eagle Investment Management LLC Activist · $60.8bn book	$551m	0.9%	9,123,058	+$82m+104,974	Added
AllianceBernstein LP Long-only · $302bn book	$279m	0.1%	5,367,849	-$97m-1,674,881	Trimmed
Balyasny Asset Management LLC Multi-strategy · $80.2bn book	$268m	0.3%	4,434,891	opened4,434,891	New
Freestone Grove Partners LP Multi-strategy · $15.6bn book	$167m	1.1%	2,764,240	+$81m+1,102,598	Added
Point72 Asset Management LP Multi-strategy · $90.7bn book	$135m	0.1%	2,238,597	+$84m+1,257,344	Added
Walleye Capital LLC Multi-strategy · $28.0bn book	$36m	0.1%	597,294	-$15m-384,096	Trimmed
Verition Fund Management LLC Multi-strategy · $19.7bn book	$34m	0.2%	560,361	+$5.0m+6,596	Added

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Marshall Wace LLP · Quantitative$63m held before
ExodusPoint Capital Management LP · Multi-strategy$14m held before

Ownership through time

At least 21 of the 95 managers whose filings are on file listed USB in Q2 2026, against 23 in Q2 2013. 1 manager more than in Q1 2026: 2 started positions; 1 listed it again; 1 sold out, by its own filing; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Balyasny Asset Management LLC$268m
Winton Group Ltd$2.6m

Largest increases, by shares

Balyasny Asset Management LLCnew: 4,434,891 shares+$268m
Invesco Ltd17,213,693 to 19,796,411 shares+$156m
Point72 Asset Management LP981,253 to 2,238,597 shares+$76m
Freestone Grove Partners LP1,661,642 to 2,764,240 shares+$67m
T. Rowe Price Associates Inc24,874,028 to 25,023,715 shares+$9.0m

Largest decreases, by shares

Fidelity (FMR LLC)57,171,830 to 51,284,661 shares-$356m
Capital Research Global Investors11,821,222 to 9,130,818 shares-$163m
Citadel Advisors LLC6,558,956 to 4,057,605 shares-$151m
AllianceBernstein LP7,042,730 to 5,367,849 shares-$87m
AQR Capital Management LLC5,594,499 to 4,451,623 shares-$69m

Left it

Marshall Wace LLPwas $62m

Manager	First listed	Largest	Q2 2026
Fidelity (FMR LLC)	Q2 2013	$4.1bn	$3.1bn
T. Rowe Price Associates Inc	Q2 2013	$2.4bn	$1.5bn
Invesco Ltd	Q2 2013	$1.2bn	$1.2bn
Capital Research Global Investors	Q2 2013	$1.6bn	$552m
First Eagle Investment Management LLC	Q2 2013	$686m	$551m
AllianceBernstein LP	Q2 2013	$1.3bn	$279m
AQR Capital Management LLC	Q2 2013	$288m	$269m
Balyasny Asset Management LLC	Q2 2013	$268m	$268m
Citadel Advisors LLC	Q4 2015	$396m	$245m
Arrowstreet Capital LP	Q3 2017	$220m	$190m
Freestone Grove Partners LP	Q4 2024	$167m	$167m
Point72 Asset Management LP	Q4 2022	$135m	$135m
Acadian Asset Management LLC	Q4 2013	$165m	$60m
Janus Henderson Group Ltd	Q2 2013	$777m	$43m
Walleye Capital LLC	Q2 2020	$51m	$36m
Berkshire Hathaway Inc	Q2 2013	$7.9bn	last listed Q4 2022
MFS Investment Management	Q4 2013	$2.2bn	last listed Q2 2022
Viking Global Investors LP	Q1 2014	$1.5bn	last listed Q2 2025
Capital World Investors	Q2 2013	$996m	last listed Q4 2016
Wellington Management Group LLP	Q2 2013	$792m	last listed Q4 2019
D1 Capital Partners LP	Q1 2020	$787m	last listed Q4 2020
Marshall Wace LLP	Q1 2018	$477m	last listed Q1 2026
Neuberger Berman Group LLC	Q2 2013	$333m	last listed Q1 2024
Harris Associates LP	Q2 2013	$292m	last listed Q4 2019
Millennium Management LLC	Q2 2013	$276m	last listed Q4 2025

What USB is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around USB →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

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