Magellan Asset Management Ltd USB — US Bancorp COM NEW

Ownership history in Magellan Asset Management Ltd  ·  36 quarters on record

AI Ownership Summary

Magellan Asset Management Ltd reported US Bancorp COM NEW (USB) in 36 quarterly 13F filings from 2024 Q1 through 2025 Q4. Peak portfolio weight reached 0.68% in 2025 Q4. The latest visible filing shows USB at 0.68% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this USB ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Magellan Asset Management Ltd's position in US Bancorp COM NEW, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

USB was reported at 0.68% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.68% in 2025 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q1 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

USB stock page Magellan Asset Management Ltd fund profile Magellan Asset Management Ltd full holdings
How Magellan Asset Management Ltd held USB — position size vs. price
% of Fund (quarterly)    USB price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 8 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 REDUCED 5.9% -1.5% ✅ 1,048,050 -65,392 -5.9% 0.68% $55.9M 2026-02-11 $57.86
2025 Q3 ADDED — — — 1,113,442 +157,104 +16.4% 0.64% $53.8M 2025-11-10 $46.25
2025 Q2 ADDED — — — 956,338 +933,178 +4029.3% 0.49% $43.3M 2025-08-07 $42.40
2025 Q1 ADDED — — — 23,160 +21,115 +1032.5% 0.01% $978K 2025-05-12 $41.86
2024 Q4 UNCHANGED — — — 2,045 — 0% 0.00% $98K 2025-02-12 $44.64
2024 Q3 REDUCED 99.8% +5.5% ❌ 2,045 -972,946 -99.8% 0.00% $94K 2024-11-14 $46.80
2024 Q2 ADDED — — — 974,991 +347,060 +55.3% 0.37% $38.7M 2024-08-13 $39.01
2024 Q1 ADDED — — — 627,931 +49,835 +8.6% 0.27% $28.1M 2024-05-14 $38.11
28 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding USB

As of 2026 Q2 — sorted by position size

MUFG Bank, Ltd. 3Y 7Y 75.4% Black Cypress Capital Management, LLC 12.37% REIK & CO., LLC 3Y 7Y 8.03% DAVIS SELECTED ADVISERS 3Y 7Y 5.56% COERENTE CAPITAL MANAGEMENT 3Y 4.84% LOUNTZIS ASSET MANAGEMENT, LLC 3Y 4.71% Kentucky Trust Co 4.61% Heritage Wealth Management, Inc. 4.15% TETRAD CORP 4.1% R.H. Investment Group, LLC 3.81%

FAQ About Magellan Asset Management Ltd and USB

These are the practical questions this page is built to answer before you even open the full history table.

How long has Magellan Asset Management Ltd reported owning USB?

Magellan Asset Management Ltd reported USB across 8 quarterly 13F filings, from 2024 Q1 through 2025 Q4.

What was the largest reported USB position in Magellan Asset Management Ltd's portfolio?

The largest reported portfolio weight for USB was 0.68% in 2025 Q4.

What is the latest reported USB position on this page?

The most recent filing on this page is 2025 Q4, when Magellan Asset Management Ltd reported 1,048,050 shares, equal to 0.68% of portfolio, with an estimated market value of $55.9M.

What does the chart on this USB ownership page compare?

The chart compares Magellan Asset Management Ltd's quarterly USB portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Magellan Asset Management Ltd time their USB position?

Based on 13F filing dates vs. subsequent USB price moves, Magellan Asset Management Ltd correctly timed 21 out of 32 reported position changes (66%). The annualised alpha on USB relative to SPY over the holding period was -1.6%.

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