2. Blackrock
Leading asset manager Blackrock (BLK -0.45%) owned roughly 132.1 million shares of U.S. Bancorp stock (8.49% of shares outstanding), worth about $6.5 billion. The company manages the popular iShares exchange-traded fund (ETF) platform, several of which hold shares of the bank stock. The iShares Core S&P 500 ETF (IVV +0.74%) had the most shares, at 16.2 million (1% of shares outstanding).
3. FMR LCC
The parent company of Fidelity Investments, FMR LLC, held nearly 70 million shares (4.5%) worth over $3.4 billion. This fund and brokerage helps customers with retirement accounts, long-term investing, and brokerage accounts.
4. State Street Corporation
The large asset manager held about 68 million shares (4.4% of shares outstanding) worth over $3.3 billion. State Street (STT +2.12%) manages several popular ETFs under the SPDR banner, including two of the top 10 fund holders: the SPDR S&P 500 ETF Trust (SPY +0.75%) and the Select Sector SPDR Fund-Financial (XLF +0.14%).
5. MUFG Bank
Japan's largest bank owned over 44.3 million shares (2.85% of its shares outstanding) worth over $2.1 billion. It received 14 million shares when U.S. Bancorp acquired MUFG Union Bank's core regional banking franchise in 2022. The Japanese financial institution subsequently invested another $936 million in shares of U.S. Bancorp in August 2023 to help the bank repay some of the debt owed as part of the acquisition.
Who is on the Board of Directors for Bancorp?
A board of directors helps oversee a company on behalf of its shareholders. U.S. Bancorp has a diverse board filled with seasoned executives with complementary expertise. As of 2025, U.S. Bancorp's 13 board members were: