Chris Davis's USB Position Overview
Chris Davis (via Davis Selected Advisers) currently holds 22.04 M shares of U.S. Bancorp (USB) worth $1.18 B, representing 5.29% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Chris Davis has maintained a long-term strategic position in USB, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2018, adding 7.51 M shares. Largest reduction occurred in Q1 2024, reducing 1.1 M shares.
Analysis based on 13F filings available since 2013 Q2
Chris Davis's US Ban (USB) Holding Value Over Time
Track share changes against reported price movement
Quarterly US Ban (USB) Trades by Chris Davis
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +2.61 M | Add 13.43% | 22.04 M | $53.36 |
| Q3 2025 | +99,925 | Add 0.52% | 19.43 M | $48.33 |
| Q2 2025 | +4.44 M | Add 29.84% | 19.33 M | $45.25 |
| Q1 2025 | +513,875 | Add 3.57% | 14.89 M | $42.22 |
| Q4 2024 | -17,854 | Reduce 0.12% | 14.38 M | $47.83 |
| Q3 2024 | +164,549 | Add 1.16% | 14.39 M | $45.73 |
| Q2 2024 | +43,437 | Add 0.31% | 14.23 M | $39.70 |
| Q1 2024 | -1.1 M | Reduce 7.20% | 14.19 M | $44.70 |
| Q4 2023 | -54,253 | Reduce 0.35% | 15.29 M | $43.28 |
| Q3 2023 | -81,709 | Reduce 0.53% | 15.34 M | $33.06 |
| Q2 2023 | -123,373 | Reduce 0.79% | 15.42 M | $33.04 |
| Q1 2023 | -255,574 | Reduce 1.62% | 15.55 M | $36.05 |
| Q4 2022 | -622,797 | Reduce 3.79% | 15.8 M | $43.61 |
| Q3 2022 | -204,510 | Reduce 1.23% | 16.42 M | $40.32 |
| Q2 2022 | -636,878 | Reduce 3.69% | 16.63 M | $46.02 |
| Q1 2022 | -557,493 | Reduce 3.13% | 17.27 M | $53.15 |
| Q4 2021 | -70,311 | Reduce 0.39% | 17.82 M | $56.17 |
| Q3 2021 | -289,418 | Reduce 1.59% | 17.89 M | $59.44 |
| Q2 2021 | +12,416 | Add 0.07% | 18.18 M | $56.97 |
| Q1 2021 | +1.3 M | Add 7.69% | 18.17 M | $55.31 |
| Q4 2020 | -287,259 | Reduce 1.67% | 16.87 M | $46.59 |
| Q3 2020 | +3.74 M | Add 27.84% | 17.16 M | $35.85 |
| Q2 2020 | +321,855 | Add 2.46% | 13.42 M | $36.82 |
| Q1 2020 | +4.72 M | Add 56.26% | 13.1 M | $34.45 |
| Q4 2019 | -301,231 | Reduce 3.47% | 8.38 M | $59.29 |
| Q3 2019 | -370,216 | Reduce 4.09% | 8.69 M | $55.34 |
| Q2 2019 | -170,216 | Reduce 1.84% | 9.06 M | $52.40 |
| Q1 2019 | -3,745 | Reduce 0.04% | 9.23 M | $48.19 |
| Q4 2018 | -12,979 | Reduce 0.14% | 9.23 M | $45.68 |
| Q3 2018 | +4,571 | Add 0.05% | 9.24 M | $52.81 |
| Q2 2018 | +7.51 M | Add 434.84% | 9.24 M | $50.02 |
| Q1 2018 | +216,027 | Add 14.29% | 1.73 M | $50.50 |
| Q4 2017 | +149,779 | Add 11.00% | 1.51 M | $53.58 |
| Q3 2017 | +10,528 | Add 0.78% | 1.36 M | $53.59 |
| Q2 2017 | -1 M | Reduce 42.65% | 1.35 M | $51.92 |
| Q1 2017 | +122,810 | Add 5.50% | 2.36 M | $51.50 |
| Q4 2016 | +2,114 | Add 0.09% | 2.23 M | $51.37 |
| Q3 2016 | -820 | Reduce 0.04% | 2.23 M | $42.89 |
| Q2 2016 | +1.15 M | Add 107.22% | 2.23 M | $40.33 |
| Q1 2016 | +323,099 | Add 42.86% | 1.08 M | $40.59 |
| Q4 2015 | -2,669 | Reduce 0.35% | 753,850 | $42.67 |
| Q3 2015 | +198,669 | Add 35.61% | 756,519 | $41.01 |
| Q2 2015 | -256,779 | Reduce 31.52% | 557,850 | $43.40 |
| Q1 2015 | -98,557 | Reduce 10.79% | 814,629 | $43.67 |
| Q4 2014 | -1,564 | Reduce 0.17% | 913,186 | $44.95 |
| Q3 2014 | +191,971 | Add 26.56% | 914,750 | $41.83 |
| Q2 2014 | -82,163 | Reduce 10.21% | 722,779 | $43.32 |
| Q1 2014 | +410,585 | Add 104.12% | 804,942 | $42.86 |
| Q4 2013 | -47,698 | Reduce 10.79% | 394,357 | $40.40 |
| Q3 2013 | -52,192 | Reduce 10.56% | 442,055 | $36.58 |
| Q2 2013 | +494,247 | Add 0.00% | 494,247 | $36.15 |
Chris Davis's US Ban Investment FAQs
Chris Davis first purchased U.S. Bancorp (USB) in Q2 2013, acquiring 494,247 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Chris Davis has held U.S. Bancorp (USB) for 51 quarters since Q2 2013.
Chris Davis's largest addition to U.S. Bancorp (USB) was in Q2 2018, adding 9,238,565 shares worth $462.11 M.
According to the latest 13F filing for Q4 2025, Chris Davis's firm, Davis Selected Advisers, owns 22,041,759 shares of U.S. Bancorp (USB), valued at approximately $1.18 B.
As of the Q4 2025 filing, U.S. Bancorp (USB) represents approximately 5.29% of Chris Davis's publicly disclosed stock portfolio, making it one of their key holdings.
Chris Davis's peak holding in U.S. Bancorp (USB) was 22,041,759 shares, as reported at the end of Q4 2025.