Vanguard Capital Management Discloses 7.52% Stake in US Bancorp (USB)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new significant ownership stake in US Bancorp (USB). As of the event date on March 31, 2026, the investment adviser disclosed beneficial ownership of 116,747,179 shares of common stock, representing a 7.52% stake in the company. This filing marks a substantial increase from a previous 0.0% position, establishing Vanguard as a major institutional shareholder. The filing indicates that Vanguard holds sole dispositive power over the entire 116,747,179 shares, while maintaining sole voting power over 15,862,774 shares. The reported holdings include securities managed by various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This move highlights a significant capital commitment by Vanguard to the Minneapolis-based financial services holding company.