Save your place

Sign in to WhoBought

Please try again later.

Jeremy Grantham's U.S. Bancorp (USB) position

Yes: as of Q1 2026, Jeremy Grantham holds 19.1M shares of USB worth $994M (2.5% of the disclosed portfolio). Held since at least Q1 2021; that opening coverage snapshot is not counted as a purchase.
View full portfolio →
Current value
$994M
Shares held
19.1M
% of portfolio
2.5%
Est. average buy price (i)
$45.64
est. since Q1 2021
Quarter-end price
$52.01

Estimated trade prices

Average price in quarters with purchases
$43.69
Average prices in quarters with sales
  • Q4 2023: $36.55 (931K shares sold)
  • Q1 2023: $44.54 (2.7M shares sold)
  • Q3 2022: $46.27 (59K shares sold)
  • Q2 2022: $49.92 (207K shares sold)
  • Q1 2022: $57.46 (168K shares sold)
  • Q2 2021: $58.67 (108K shares sold)

USB price vs Grantham's position

1Y 3Y 5Y MAX
Dates
$20$40$60$8020222023202420252026Added 180K shares (1.9%) · Q3 2021. Average closing price $56.94 · Price range $54.51–$61.10180KsharespurchasedAdded 131K shares (1.3%) · Q4 2021. Average closing price $59.15 · Price range $54.85–$62.74131KsharespurchasedSold 168K shares (1.7%) · Q1 2022. Average closing price $57.46 · Price range $52.65–$63.25168KsharessoldSold 207K shares (2.1%) · Q2 2022. Average closing price $49.92 · Price range $45.41–$53.07207KsharessoldSold 59K shares (0.6%) · Q3 2022. Average closing price $46.27 · Price range $40.32–$49.3059KsharessoldAdded 12K shares (0.1%) · Q4 2022. Average closing price $42.80 · Price range $38.79–$45.6412KsharespurchasedSold 2.7M shares (28.6%) · Q1 2023. Average closing price $44.54 · Price range $32.95–$49.802.7MsharessoldAdded 1.2M shares (17.3%) · Q2 2023. Average closing price $32.32 · Price range $28.68–$36.011.2MsharespurchasedAdded 930K shares (11.6%) · Q3 2023. Average closing price $36.43 · Price range $32.47–$40.23930KsharespurchasedSold 931K shares (10.4%) · Q4 2023. Average closing price $36.55 · Price range $30.64–$45.33931KsharessoldAdded 3.2M shares (39.8%) · Q1 2024. Average closing price $42.20 · Price range $39.91–$44.703.2MsharespurchasedAdded 929K shares (8.3%) · Q2 2024. Average closing price $40.78 · Price range $38.45–$43.95929KsharespurchasedAdded 725K shares (6.0%) · Q3 2024. Average closing price $43.86 · Price range $39.04–$47.23725KsharespurchasedAdded 121K shares (0.9%) · Q4 2024. Average closing price $49.19 · Price range $43.98–$53.66121KsharespurchasedAdded 3.0M shares (23.6%) · Q1 2025. Average closing price $46.14 · Price range $40.92–$50.903.0MsharespurchasedAdded 586K shares (3.7%) · Q2 2025. Average closing price $42.05 · Price range $36.40–$45.76586KsharespurchasedAdded 1.2M shares (7.2%) · Q3 2025. Average closing price $47.30 · Price range $43.94–$50.411.2MsharespurchasedAdded 642K shares (3.6%) · Q4 2025. Average closing price $49.19 · Price range $45.28–$54.99642KsharespurchasedAdded 713K shares (3.9%) · Q1 2026. Average closing price $54.97 · Price range $50.85–$60.69713Ksharespurchased← Earlier —1 sell
Average closing price · filing quarter
$54.97
Price range · filing quarter
$50.85 – $60.69
Sign in to see who bought

Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q1 2026 Added +713K +$39M +3.9% 19.1M May 14, 2026
Q4 2025 Added +642K +$32M +3.6% 18.4M Feb 17, 2026
Q3 2025 Added +1.2M +$56M +7.2% 17.8M Nov 13, 2025
Q2 2025 Added +586K +$25M +3.7% 16.6M Aug 13, 2025
Q1 2025 Added +3.0M +$141M +23.6% 16.0M May 14, 2025
Q4 2024 Added +121K +$5.9M +0.9% 12.9M Feb 13, 2025
Q3 2024 Added +725K +$32M +6.0% 12.8M Nov 13, 2024
Q2 2024 Added +929K +$38M +8.3% 12.1M Aug 13, 2024
Q1 2024 Added +3.2M +$134M +39.8% 11.2M May 14, 2024
Q4 2023 Reduced −931K −$34M −10.4% 8.0M Feb 13, 2024
Q3 2023 Added +930K +$34M +11.6% 8.9M Nov 13, 2023
Q2 2023 Added +1.2M +$38M +17.3% 8.0M Aug 14, 2023
Q1 2023 Reduced −2.7M −$122M −28.6% 6.8M May 12, 2023
Q4 2022 Added +12K +$512K +0.1% 9.5M Feb 13, 2023
Q3 2022 Reduced −59K −$2.7M −0.6% 9.5M Nov 10, 2022
Q2 2022 Reduced −207K −$10M −2.1% 9.6M Aug 12, 2022
Q1 2022 Reduced −168K −$9.6M −1.7% 9.8M May 13, 2022
Q4 2021 Added +131K +$7.8M +1.3% 10.0M Feb 11, 2022
Q3 2021 Added +180K +$10M +1.9% 9.8M Nov 12, 2021
Q2 2021 Reduced −108K −$6.3M −1.1% 9.7M Aug 12, 2021
Q1 2021 First covered – – – 9.8M May 13, 2021
Data through Q1 2026 · filed May 14, 2026
21 grouped rows from 21 quarters

Who else owns USB

JPMorgan Chase & Co
owns 4.0% of shares outstanding
Est. $3.2B · Shares: 61.7M

FMR LLC
owns 3.7% of shares outstanding
Est. $3.0B · Shares: 57.2M

Mufg Bank, Ltd.
owns 2.9% of shares outstanding
Est. $2.3B · Shares: 44.4M

Morgan Stanley
owns 1.9% of shares outstanding
Est. $1.5B · Shares: 29.3M

See all owners of USB →

More Grantham positions

Microsoft Corporation(MSFT)
$2.3B
5.8% of portfolio

Alphabet Inc.(GOOGL)
$1.9B
5.1% of portfolio

Johnson & Johnson(JNJ)
$1.8B
4.6% of portfolio

Apple Inc.(AAPL)
$1.8B
4.5% of portfolio

Meta Platforms, Inc.(META)
$1.7B
4.5% of portfolio

Lam Research Corporation(LRCX)
$1.4B
3.8% of portfolio

Common questions

Does Jeremy Grantham own USB?

Yes. As of Q1 2026, Jeremy Grantham disclosed 19.1M shares of USB, worth $994M. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Jeremy Grantham buy USB?

Jeremy Grantham held USB since at least Q1 2021, when this filing coverage begins; the opening snapshot is not a disclosed purchase. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Jeremy Grantham sell USB?

The quarter-by-quarter table above shows each sale and reduction Jeremy Grantham disclosed in USB. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of USB does Jeremy Grantham own?

Jeremy Grantham disclosed 19.1M shares of USB as of Q1 2026. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Jeremy Grantham pay for USB?

Jeremy Grantham began building the USB position before our 13F history starts, so an exact average buy price cannot be estimated without understating it. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.