Ray Dalio's USB Position Overview
Ray Dalio (via Bridgewater Associates, Lp) currently holds 547,558 shares of U.S. Bancorp (USB) worth $29.22 M, representing 0.11% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 30 quarters.
Based on 13F filings, Ray Dalio has maintained a strategic position in USB, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2025, adding 415,303 shares. Largest reduction occurred in Q1 2023, reducing 608,066 shares.
Analysis based on 13F filings available since 2013 Q2
Ray Dalio's US Ban (USB) Holding Value Over Time
Track share changes against reported price movement
Quarterly US Ban (USB) Trades by Ray Dalio
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +415,303 | Add 314.02% | 547,558 | $53.36 |
| Q3 2025 | +132,255 | New Buy | 132,255 | $48.33 |
| Q2 2025 | -122,009 | Sold Out | 0 | $0.00 |
| Q1 2025 | +122,009 | New Buy | 122,009 | $42.22 |
| Q2 2023 | -97,729 | Sold Out | 0 | $0.00 |
| Q1 2023 | -608,066 | Reduce 86.15% | 97,729 | $36.05 |
| Q4 2022 | +330,660 | Add 88.14% | 705,795 | $43.61 |
| Q3 2022 | -31,270 | Reduce 7.69% | 375,135 | $40.32 |
| Q2 2022 | +104,594 | Add 34.66% | 406,405 | $46.02 |
| Q1 2022 | +36,507 | Add 13.76% | 301,811 | $53.15 |
| Q4 2021 | -319,261 | Reduce 54.62% | 265,304 | $56.17 |
| Q3 2021 | +73,541 | Add 14.39% | 584,565 | $59.44 |
| Q2 2021 | +46,855 | Add 10.09% | 511,024 | $56.97 |
| Q1 2021 | +257,815 | Add 124.94% | 464,169 | $55.31 |
| Q4 2020 | +206,354 | New Buy | 206,354 | $46.59 |
| Q1 2020 | -325,383 | Sold Out | 0 | $0.00 |
| Q4 2019 | +325,383 | New Buy | 325,383 | $59.29 |
| Q2 2019 | -12,238 | Sold Out | 0 | $0.00 |
| Q1 2019 | +12,238 | New Buy | 12,238 | $48.21 |
| Q2 2018 | -42,794 | Sold Out | 0 | $0.00 |
| Q1 2018 | +42,794 | New Buy | 42,794 | $50.50 |
| Q3 2017 | -4,118 | Sold Out | 0 | $0.00 |
| Q2 2017 | -21,307 | Reduce 83.80% | 4,118 | $51.97 |
| Q1 2017 | -35,475 | Reduce 58.25% | 25,425 | $51.48 |
| Q4 2016 | +60,900 | New Buy | 60,900 | $51.36 |
| Q1 2015 | -12,784 | Sold Out | 0 | $0.00 |
| Q4 2014 | +12,784 | New Buy | 12,784 | $44.98 |
| Q4 2013 | -39,884 | Sold Out | 0 | $0.00 |
| Q3 2013 | -13,100 | Reduce 24.72% | 39,884 | $36.58 |
| Q2 2013 | +52,984 | Add 0.00% | 52,984 | $36.14 |
Ray Dalio's US Ban Investment FAQs
Ray Dalio first purchased U.S. Bancorp (USB) in Q2 2013, acquiring 52,984 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Ray Dalio has held U.S. Bancorp (USB) for 30 quarters since Q2 2013.
Ray Dalio's largest addition to U.S. Bancorp (USB) was in Q4 2025, adding 547,558 shares worth $29.22 M.
According to the latest 13F filing for Q4 2025, Ray Dalio's firm, Bridgewater Associates, Lp, owns 547,558 shares of U.S. Bancorp (USB), valued at approximately $29.22 M.
As of the Q4 2025 filing, U.S. Bancorp (USB) represents approximately 0.11% of Ray Dalio's publicly disclosed stock portfolio, making it one of their key holdings.
Ray Dalio's peak holding in U.S. Bancorp (USB) was 705,795 shares, as reported at the end of Q4 2022.