US Bancorp

CIK 36104 · latest 13F filed 12 August 2026 · Read the filing on EDGAR

US Bancorp reported 4,123 US-listed holdings worth $91.58 billion in its 13F for the quarter ended 30 June 2026, filed 12 August 2026. Its largest: Schwab US Large Cap (5.5%), iShares Core S&P 500 ETF (5.4%) and iShares Trust (4.3%). Against the quarter before, it opened 243 positions, added to 1,574, trimmed 1,581 and sold out of 252.

Reported holdings$91.58B+11.2% on Q1 2026

Positions4,123-9 on Q1 2026

The largest ten34.8%of its reported holdings

Latest 13FQ2 2026filed 12 August 2026

Where the money is

Added toTrimmed

The 14 largest of its 4,123 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 243Added 1,574Held 725Trimmed 1,581Sold out 252

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 243

Honeywell International Inc. HON$89.8 million
Honeywell Aerospace Inc. Com HONA$88.5 million
Fedex Fght Hldg Co. Inc. Common Stock FDXF$10.0 million
DuPont de Nemours, Inc. DD$9.7 million
Space Exploration Techn Corp. Class A Com STK SPCX$8.5 million
Innovator Etfs Trust PAPR$8.4 million
Innovator International Developed Power Buffer ETF - April IAPR$5.5 million
SPDR Ser Trust ROKT$2.1 million

and 235 more in the table below

Added to 1,574

Vanguard Mid Cap Index ETF VO+17.4 million shares · +322%
Schwab US Large Cap SCHX+27.2 million shares · +19%
iShares Core S&P 500 ETF IVV+761,480 shares · +13%
iShares Trust IWF+2.9 million shares · +301%
iShares Trust IXUS+1.9 million shares · +19%
KLA Corp. KLAC+490,084 shares · +874%
Booking Holdings Inc. BKNG+496,499 shares · +2353%
Vanguard Growth ETF VUG+920,342 shares · +490%

and 1,566 more in the table below

Trimmed 1,581

iShares Trust GOVT-45.5 million shares · -97%
Vanguard Intl Equity Index F VT-3.6 million shares · -79%
Vanguard S&P 500 VOO-725,794 shares · -64%
iShares Russell 2000 ETF IWM-1.3 million shares · -39%
iShares Trust AGG-3.1 million shares · -7%
Micron Technology Inc. MU-87,291 shares · -10%
Vanguard Ftse Developed Markets VEA-1.1 million shares · -10%
Vanguard Real Estate ETF VNQ-490,866 shares · -9%

and 1,573 more in the table below

Sold out of 252

Honeywell International Inc. HON$181.2 million last quarter
Coterra Energy Inc. CTRA$68.5 million last quarter
DuPont de Nemours, Inc. DD$10.6 million last quarter
Vanguard Total World Bond ETF BNDW$3.0 million last quarter
Carnival Corp. Ltd. CCL$1.2 million last quarter
Sealed Air Corp. New SEE$1.0 million last quarter
Air Lease Corp. AL$1.0 million last quarter
Hologic Inc. HOLX$943,137 last quarter

What it holds

Company	Shares	Value	Of its book	Change in shares
Schwab US Large Cap SCHX	172,215,422	$5.07 billion	5.53%	+27,154,202
iShares Core S&P 500 ETF IVV	6,582,164	$4.93 billion	5.38%	+761,480
iShares Trust AGG	39,478,188	$3.91 billion	4.27%	-3,070,595
iShares Core MSCI Eafe ETF IEFA	35,990,373	$3.48 billion	3.80%	+324,503
SPDR S&P 500 SPY	4,204,899	$3.14 billion	3.43%	+37,712
Apple Inc. AAPL	10,064,743	$2.91 billion	3.18%	-69,822
iShares Core MSCI Emerging Mark IEMG	29,088,603	$2.41 billion	2.63%	-441,382
Alphabet Inc. GOOGL	5,981,859	$2.14 billion	2.33%	+25,688
Microsoft Corp. MSFT	5,520,756	$2.06 billion	2.25%	+68,426
Vanguard Mid Cap Index ETF VO	22,846,853	$1.84 billion	2.01%	+17,432,291
NVIDIA Corp. NVDA	8,241,277	$1.65 billion	1.80%	+175,061
Eli Lilly & Co. LLY	1,354,723	$1.62 billion	1.77%	-2,887
Amazon.com Inc. AMZN	5,986,857	$1.43 billion	1.56%	+101,467
iShares Trust IWR	12,780,590	$1.41 billion	1.54%	-140,495
JPMorgan Chase & Co. JPM	3,486,947	$1.14 billion	1.25%	-32,837
iShares Trust IXUS	11,650,196	$1.11 billion	1.21%	+1,892,588
iShares Trust EFV	14,137,778	$1.08 billion	1.18%	+163,954
Invesco QQQ Trust QQQ	1,295,207	$953.8 million	1.04%	-30,451
Micron Technology Inc. MU	768,857	$887.5 million	0.97%	-87,291
Schwab Strategic Trust SCHH	34,334,144	$813.1 million	0.89%	+657,466
VG Totl STK Vprs VTI	2,032,602	$752.1 million	0.82%	-82,411
Vanguard Ftse Developed Markets VEA	10,411,578	$741.8 million	0.81%	-1,118,952
iShares Trust EFA	7,091,487	$736.7 million	0.80%	-40,930
Vanguard Scottsdale FDS VTWO	5,896,669	$716.0 million	0.78%	+138,459
iShares Core S&P Small-Cap ETF IJR	4,737,329	$702.6 million	0.77%	-123,544
SPDR S&P MidCap 400 ETF MDY	963,812	$677.9 million	0.74%	-6,146
Alphabet Inc. GOOG	1,830,380	$646.7 million	0.71%	-7,929
Berkshire Hathaway Inc. Del	861	$644.8 million	0.70%	no change
Advanced Micro Devices Inc. AMD	1,107,002	$643.1 million	0.70%	-15,819
iShares Russell 2000 ETF IWM	2,129,304	$639.7 million	0.70%	-1,336,328
Johnson & Johnson JNJ	2,500,270	$635.0 million	0.69%	+8,084
Walmart Inc. WMT	5,517,050	$624.9 million	0.68%	+35,141
Meta Platforms, Inc. META	1,105,358	$622.6 million	0.68%	+61,395
Berkshire Hathaway Inc. Class B BRKB	1,170,560	$585.7 million	0.64%	+1,145
AbbVie Inc. ABBV	2,295,401	$577.6 million	0.63%	-33,543
iShares Trust MUB	5,353,257	$576.1 million	0.63%	+120,706
Technology Select Sector SPDR ETF XLK	2,682,109	$511.0 million	0.56%	-71,565
Caterpillar Inc. CAT	473,894	$504.7 million	0.55%	-5,591
Broadcom Inc. AVGO	1,304,775	$492.9 million	0.54%	+48,982
Vanguard Real Estate ETF VNQ	5,030,439	$485.1 million	0.53%	-490,866
Costco Wholesale Corp. COST	512,209	$479.2 million	0.52%	-311
iShares Trust IWF	3,833,812	$476.0 million	0.52%	+2,877,753
Procter & Gamble Co. PG	3,242,813	$475.5 million	0.52%	-126,862
Palo Alto Networks Inc. PANW	1,374,306	$468.7 million	0.51%	+1,150
Home Depot, Inc. HD	1,269,451	$447.7 million	0.49%	-54,779
ExxonMobil Holdings Corp. XOM	3,263,986	$446.3 million	0.49%	-47,171
Mastercard Inc. MA	856,617	$440.0 million	0.48%	-2,821
Paccar Inc. PCAR	3,607,077	$433.3 million	0.47%	+4,332
Cisco Systems, Inc. CSCO	3,665,837	$430.6 million	0.47%	-42,152
UnitedHealth Group Inc. UNH	1,021,603	$424.6 million	0.46%	+9,426
Applied Materials Inc. AMAT	570,378	$412.4 million	0.45%	+700
Bank of America Corp. BAC	7,071,872	$403.0 million	0.44%	+39,644
U.S. Bancorp USB	6,636,256	$400.8 million	0.44%	-320,492
Schwab Strategic Trust SCHF	14,444,093	$400.1 million	0.44%	+1,820,273
iShares Core S&P Mid-Cap ETF IJH	5,165,944	$398.3 million	0.43%	+89,513
Marathon Petroleum Corp. MPC	1,496,414	$382.6 million	0.42%	-52,142
Vanguard Ftse Emerging Markets VWO	6,358,797	$379.6 million	0.41%	-7,481
3M Co. MMM	2,209,787	$357.8 million	0.39%	-5,507
iShares Trust IWB	856,684	$350.8 million	0.38%	-35,498
Chevron Corp. CVX	2,050,249	$339.9 million	0.37%	-32,668
Coca-Cola Co. KO	4,129,726	$335.6 million	0.37%	-18,573
iShares Trust IWS	1,985,054	$326.7 million	0.36%	-49,260
Visa Inc. V	907,180	$311.3 million	0.34%	-2,705
SPDR Gold Trust GLD	810,023	$298.4 million	0.33%	-21,187
Ecolab Inc. ECL	1,031,399	$287.4 million	0.31%	-33,299
Intel Corp. INTC	2,002,511	$279.6 million	0.31%	-54,297
Vanguard S&P 500 VOO	400,723	$275.2 million	0.30%	-725,794
Emerson Electric Co. EMR	1,896,552	$271.5 million	0.30%	-42,841
iShares Trust IGF	3,865,180	$257.4 million	0.28%	+846,370
NextEra Energy Inc. NEE	2,840,822	$249.3 million	0.27%	+29,063
Amgen Inc. AMGN	664,266	$240.5 million	0.26%	-2,791
McDonald's Corp. MCD	858,357	$232.0 million	0.25%	-51,418
iShares Trust EEM	3,374,039	$230.8 million	0.25%	+35,673
Abbott Laboratories ABT	2,512,602	$228.0 million	0.25%	-195,299
Oracle Corp. ORCL	1,549,498	$227.1 million	0.25%	+4,007
Vertiv Holdings Co. VRT	663,288	$222.1 million	0.24%	-19,455
Texas Instruments Inc. TXN	738,193	$220.0 million	0.24%	+1,804
Qualcomm Inc. QCOM	1,158,756	$214.1 million	0.23%	-22,984
iShares Inc. EMXC	2,073,581	$212.1 million	0.23%	+130,646
Charles Schwab Corp. SCHW	2,289,104	$211.2 million	0.23%	-223
PepsiCo Inc. PEP	1,538,725	$208.3 million	0.23%	-46,897
Wells Fargo & Company WFC	2,486,893	$205.5 million	0.22%	-23,601
Merck & Co., Inc. MRK	1,561,329	$200.6 million	0.22%	+6,582
Union Pacific Corp. UNP	733,892	$199.6 million	0.22%	-3,612
Eaton Corp. plc ETN	467,394	$199.2 million	0.22%	+30,384
iShares Russell Mid-Cap Growth ETF IWP	1,353,964	$198.2 million	0.22%	-228,935
iShares Trust EFG	1,557,647	$193.8 million	0.21%	+252,755
iShares Russell 1000 Value Inde IWD	793,380	$192.3 million	0.21%	-7,510
Chubb Ltd. CB	559,026	$190.5 million	0.21%	-10,563
BlackRock, Inc. BLK	195,671	$188.2 million	0.21%	-4,277
iShares Trust USRT	2,795,189	$185.7 million	0.20%	-1,063
Vanguard Index FDS VXF	742,510	$182.8 million	0.20%	-2,828
Vanguard Mun BD FDS VTEB	3,591,532	$181.7 million	0.20%	+98,920
RTX Corp. RTX	930,311	$176.5 million	0.19%	+5,345
Tesla, Inc. TSLA	414,251	$174.2 million	0.19%	+35,154
Goldman Sachs Group Inc. GS	172,070	$174.0 million	0.19%	+446
Taiwan Semiconductor Manufacturing Company Limited TSM	363,753	$173.7 million	0.19%	-1,872
Lam Research Corp. LRCX	394,657	$171.0 million	0.19%	+5,317
iShares Select Dividend ETF DVY	1,086,066	$169.8 million	0.19%	-17,065
Travelers Companies, Inc. TRV	508,998	$168.0 million	0.18%	-9,779
SPDR Ser Trust SPHY	7,165,855	$168.0 million	0.18%	+470,785
Analog Devices Inc. ADI	421,185	$167.3 million	0.18%	-3,685
American Express Co. AXP	492,290	$166.5 million	0.18%	+2,220
Linde plc LIN	318,245	$165.2 million	0.18%	+1,001
KLA Corp. KLAC	546,148	$164.8 million	0.18%	+490,084
Morgan Stanley MS	725,143	$151.6 million	0.17%	+5,771
Vanguard Intl Equity Index F VT	946,099	$148.5 million	0.16%	-3,602,551
Deere & Co. DE	230,213	$146.0 million	0.16%	-584
International Business Machines Corp. IBM	518,314	$145.8 million	0.16%	+2,176
Vanguard Value ETF VTV	660,491	$143.9 million	0.16%	+16,403
C. H. Robinson Worldwide, Inc. CHRW	760,231	$143.2 million	0.16%	+861
Target Corp. TGT	1,035,976	$135.3 million	0.15%	-18,453
iShares Trust ESGD	1,287,442	$132.4 million	0.14%	+453,659
Amphenol Corp. APH	726,930	$128.2 million	0.14%	+117,631
American Tower Corp. AMT	782,414	$128.0 million	0.14%	-34,403
GE Vernova Inc. GEV	108,024	$126.9 million	0.14%	+5,014
Netflix Inc. NFLX	1,775,742	$126.8 million	0.14%	+339,067
Vanguard FTSE All-World ex-US ETF VEU	1,495,923	$125.3 million	0.14%	+24,366
Uber Technologies, Inc. UBER	1,720,672	$124.2 million	0.14%	+196,518
Invesco Exchange Traded FD T RSP	582,049	$123.8 million	0.14%	-21,373
Schwab Strategic Trust SCHE	3,415,025	$123.8 million	0.14%	-228,565
Invesco Exch Traded FD Trust II QQQM	377,200	$114.3 million	0.12%	+17,849
Philip Morris International Inc. PM	630,482	$114.1 million	0.12%	-15,669
Corning Inc. GLW	439,094	$112.2 million	0.12%	-1,513
S&P Global Inc. SPGI	273,553	$111.4 million	0.12%	-2,246
General Electric Co. GE	294,606	$110.1 million	0.12%	+4,662
Gilead Sciences, Inc. GILD	852,290	$107.7 million	0.12%	-4,631
TransDigm Group Inc. TDG	79,707	$106.2 million	0.12%	-13,586
L3Harris Technologies, Inc. LHX	359,507	$104.5 million	0.11%	+5,546
iShares Inc. ESGE	1,907,808	$104.3 million	0.11%	+700,970
Danaher Corp. DHR	545,177	$103.8 million	0.11%	-53,015
Automatic Data Processing Inc. ADP	463,169	$103.7 million	0.11%	-36,501
Accenture plc ACN	833,135	$103.7 million	0.11%	-79,663
TJX Companies Inc. TJX	657,652	$99.6 million	0.11%	+12,388
Vanguard Mid Cap Value ETF VOE	504,063	$99.6 million	0.11%	-1,465
Schwab Strategic Trust SCHP	3,711,923	$98.4 million	0.11%	-260,019
Cincinnati Financial Corp. CINF	525,142	$97.2 million	0.11%	+91,405
ServiceNow, Inc. NOW	977,831	$97.1 million	0.11%	-36,274
Okta, Inc. OKTA	704,730	$96.2 million	0.11%	-30,995
Vanguard Growth ETF VUG	1,108,162	$95.5 million	0.10%	+920,342
ASML Holding N.V. ASML	46,880	$93.3 million	0.10%	-29
Booking Holdings Inc. BKNG	517,597	$92.3 million	0.10%	+496,499
iShares Trust IDV	2,195,127	$90.9 million	0.10%	+70,797
Honeywell International Inc. HON	401,236	$89.8 million	0.10%	new
SPDR Gold MiniShares GLDM	1,124,252	$89.3 million	0.10%	+60,083
Pfizer Inc. PFE	3,685,691	$88.8 million	0.10%	-178,203
Honeywell Aerospace Inc. Com HONA	400,519	$88.5 million	0.10%	new
Alps ETF Trust AMLP	1,704,381	$88.4 million	0.10%	+69,848
iShares Trust TLT	988,185	$85.4 million	0.09%	+36,686
Lowe's Companies Inc. LOW	382,869	$84.4 million	0.09%	-16,456
Medtronic plc MDT	1,077,037	$84.3 million	0.09%	-77,040
Starbucks Corp. SBUX	809,771	$82.8 million	0.09%	-11,460
Walt Disney Co. DIS	852,107	$82.0 million	0.09%	-36,763
Thermo Fisher Scientific Inc. TMO	160,516	$80.5 million	0.09%	-5,592
iShares S&P Growth Index FD IVW	578,774	$79.6 million	0.09%	+2,433
Vanguard Total Bond Market ETF BND	1,053,832	$77.4 million	0.08%	+69,038
Vanguard Specialized Funds VIG	321,033	$76.0 million	0.08%	+1,132
Bristol-Myers Squibb Co. BMY	1,291,483	$74.4 million	0.08%	-38,260
ConocoPhillips COP	702,748	$73.1 million	0.08%	-2,602
iShares Trust IGSB	1,389,346	$72.8 million	0.08%	+95,919
Citigroup Inc. C	515,923	$72.2 million	0.08%	+23,379
Boeing Co. BA	331,941	$71.9 million	0.08%	+14,691
CrowdStrike Holdings, Inc. CRWD	93,498	$71.4 million	0.08%	+1,829
Prologis, Inc. PLD	524,437	$71.0 million	0.08%	+4,439
Parker-Hannifin Corp. PH	72,162	$70.6 million	0.08%	+425
iShares Trust IGIB	1,324,397	$70.4 million	0.08%	+30,794
W.W. Grainger, Inc. GWW	51,747	$70.4 million	0.08%	-307
Toro Co. TTC	720,900	$70.2 million	0.08%	-5,247
Vanguard Small Cap Growth ETF VBK	181,979	$66.6 million	0.07%	-24,046
Vanguard Small Cap ETF VB	219,466	$66.5 million	0.07%	+6,223
Illinois Tool Works Inc. ITW	240,472	$65.0 million	0.07%	-7,875
iShares Edge MSCI Min Vol USA ETF USMV	673,975	$65.0 million	0.07%	-33,740
Verizon Communications Inc. VZ	1,527,390	$64.7 million	0.07%	-42,670
Northrop Grumman Corp. NOC	126,914	$64.6 million	0.07%	+36,703
Select Sector SPDR Trust XLV	405,297	$64.3 million	0.07%	-53,888
Everus Construction Group, Inc. ECG	383,036	$63.6 million	0.07%	-9,374
iShares Trust IWO	161,302	$63.5 million	0.07%	-1,656
Lockheed Martin Corp. LMT	123,726	$63.0 million	0.07%	+45
iShares Trust HYG	787,171	$63.0 million	0.07%	+44,582
Vanguard Index FDS VOT	204,632	$62.7 million	0.07%	+2,644
Dell Technologies Inc. DELL	145,261	$62.7 million	0.07%	+16,049
Intuitive Surgical Inc. ISRG	156,878	$62.4 million	0.07%	-2,892
Select Sector SPDR Trust XLY	526,823	$61.8 million	0.07%	-5,531
MercadoLibre, Inc. MELI	36,305	$61.6 million	0.07%	-56
PNC Financial Services Group, Inc. PNC	248,630	$61.2 million	0.07%	-567
Mondelez International, Inc. MDLZ	1,054,294	$61.0 million	0.07%	-55,082
Devon Energy Corp. DVN	1,464,219	$60.5 million	0.07%	+1,374,766
Motorola Solutions, Inc. MSI	145,477	$60.4 million	0.07%	+3,829
McKesson Corp. MCK	78,877	$59.6 million	0.07%	-869
Financial Select Sector SPDR ETF XLF	1,110,564	$59.5 million	0.07%	+3,134
Palantir Technologies Inc. PLTR	502,995	$58.7 million	0.06%	-313
iShares Trust SHY	708,259	$58.2 million	0.06%	-57,021
Hershey Co. HSY	330,593	$58.0 million	0.06%	-72,601
General Mills Inc. GIS	1,649,856	$57.4 million	0.06%	-28,419
Capital One Financial Corp. COF	279,124	$56.0 million	0.06%	+23,230
Vanguard Intermed Term Bond ETF BIV	729,038	$55.9 million	0.06%	+24,991
Synopsys Inc. SNPS	124,918	$55.7 million	0.06%	-1,705
Talen Energy Corp. TLN	144,145	$55.4 million	0.06%	+12,416
Norfolk Southern Corp. NSC	174,732	$55.0 million	0.06%	+4,126
Stryker Corp. SYK	166,859	$52.5 million	0.06%	+578
Salesforce, Inc. CRM	332,448	$52.1 million	0.06%	-32,808
Equinix Inc. EQIX	49,909	$52.0 million	0.06%	+1,163
CME Group Inc. CME	231,626	$51.2 million	0.06%	-6,438
Cummins Inc. CMI	69,273	$49.4 million	0.05%	+1,634
SLB Limited SLB	1,059,501	$49.3 million	0.05%	-21,878
iShares Trust SUB	453,380	$48.3 million	0.05%	-23,386
O'Reilly Automotive, Inc. ORLY	518,102	$47.7 million	0.05%	-2,248
Carrier Global Corp. CARR	647,900	$47.5 million	0.05%	+4,884
iShares S&P 500 Value ETF IVE	208,543	$47.4 million	0.05%	+12,068
Intuit Inc. INTU	179,244	$46.8 million	0.05%	-51,797
Valero Energy Corp. VLO	179,599	$46.8 million	0.05%	-1,186
iShares Trust ACWX	613,805	$46.7 million	0.05%	-15,711
Western Digital Corp. WDC	72,539	$46.3 million	0.05%	-21,301
iShares Trust DSI	322,658	$45.9 million	0.05%	-473
iShares Broad Usd High Yld Corp. USHY	1,237,359	$45.8 million	0.05%	+221,424
Vanguard Small Cap Value ETF VBR	187,984	$45.7 million	0.05%	+11,877
iShares Trust PFF	1,494,948	$45.6 million	0.05%	-73,048
Sherwin Williams Co. SHW	131,002	$45.1 million	0.05%	-2,257
FedEx Corp. FDX	140,348	$43.9 million	0.05%	+2,689
Duke Energy Corp. DUK	342,686	$43.4 million	0.05%	-2,481
Select Sector SPDR Trust XLE	814,122	$43.2 million	0.05%	-36,942
Waste Management Inc. WM	193,482	$43.1 million	0.05%	-3,208
CSX Corp. CSX	900,961	$42.8 million	0.05%	+410
Cheniere Energy Inc. LNG	178,297	$42.6 million	0.05%	-3,824
Novartis AG NVS	262,178	$41.1 million	0.04%	-6,680
Marvell Technology, Inc. MRVL	137,267	$40.9 million	0.04%	+4,904
Altria Group, Inc. MO	565,620	$40.7 million	0.04%	-7,979
United Parcel Service Inc. UPS	378,080	$40.6 million	0.04%	-14,196
Southern Co. SO	413,755	$39.6 million	0.04%	+3,891
Baker Hughes Co. BKR	705,345	$39.1 million	0.04%	+36,197
Fastenal Co. FAST	810,610	$38.9 million	0.04%	-3,020
iShares Trust IWN	175,233	$38.8 million	0.04%	-489
SPDR Portfolio Developed World SPDW	764,984	$38.5 million	0.04%	+57,074
Phillips 66 PSX	226,998	$38.4 million	0.04%	-3,637
General Dynamics Corp. GD	108,169	$38.3 million	0.04%	+4,389
Select Sector SPDR Trust XLU	832,150	$37.7 million	0.04%	-181,774
WEC Energy Group, Inc. WEC	320,628	$37.4 million	0.04%	-4,494
iShares Edge MSCI USA Quality F QUAL	170,136	$37.3 million	0.04%	-11,896
Marriott International Inc. MAR	99,609	$36.9 million	0.04%	+1,893
Vanguard Whitehall FDS VYM	232,675	$36.8 million	0.04%	+4,198
iShares Trust HEFA	779,571	$36.6 million	0.04%	-1,338
AT&T Inc. T	1,754,368	$36.3 million	0.04%	-114,970
Rockwell Automation, Inc. ROK	73,314	$36.3 million	0.04%	+1,497
Comcast Corp. CMCSA	1,477,129	$36.3 million	0.04%	-122,193
Progressive Corp. PGR	165,897	$36.2 million	0.04%	+3,306
iShares Trust IYR	351,114	$35.9 million	0.04%	-11,022
MDU Resources Group Inc. MDU	1,690,277	$35.9 million	0.04%	-1,605
Arista Networks, Inc. ANET	209,022	$35.5 million	0.04%	+24,246
iShares Trust SMMD	382,478	$35.0 million	0.04%	+2,618
Select Sector SPDR Trust XLI	187,772	$34.8 million	0.04%	-1,302
Cintas Corp. CTAS	202,661	$34.5 million	0.04%	-2,659
Microchip Technology Inc. MCHP	377,932	$34.5 million	0.04%	+2,133
Seagate Technology Holdings plc STX	35,553	$34.3 million	0.04%	+8,424
Ameriprise Financial Inc. AMP	73,953	$33.9 million	0.04%	-681
Knife River Corp. KNF	403,103	$33.7 million	0.04%	-2,179
Trane Technologies plc TT	67,686	$33.2 million	0.04%	+4,360
Solventum Corp. SOLV	429,424	$33.1 million	0.04%	-565
First Trust Exchange-Traded FD RDVY	406,393	$32.9 million	0.04%	+21,210
Digital Realty Trust, Inc. DLR	182,425	$32.8 million	0.04%	-4,450
Air Products & Chemicals, Inc. APD	111,204	$32.6 million	0.04%	-5,625
Expeditors International of Washington Inc. EXPD	196,270	$32.0 million	0.03%	-8,903
Edwards Lifesciences Corp. EW	353,529	$32.0 million	0.03%	-2,239
Fortinet, Inc. FTNT	207,719	$31.9 million	0.03%	+2,083
T-Mobile US, Inc. TMUS	187,164	$31.4 million	0.03%	+805
iShares Trust GOVT	1,349,783	$30.7 million	0.03%	-45,480,073
Celestica Inc. CLS	83,802	$30.6 million	0.03%	+18,092
Republic Services, Inc. RSG	140,459	$29.9 million	0.03%	-1,437
Darden Restaurants Inc. DRI	139,324	$28.7 million	0.03%	-677
Colgate-Palmolive Co. CL	311,077	$28.5 million	0.03%	-10,456
American Electric Power Co. Inc. AEP	208,156	$28.5 million	0.03%	+300
iShares Trust MBB	300,474	$28.4 million	0.03%	-12,850
Williams Companies, Inc. WMB	380,464	$28.3 million	0.03%	+8,692
iShares Trust GVI	263,577	$28.0 million	0.03%	-16,358
iShares Trust TLH	277,047	$27.8 million	0.03%	-214,394
iShares Trust FLOT	542,453	$27.7 million	0.03%	+48,079
Bank of New York Mellon Corp. BNY	189,324	$27.4 million	0.03%	+2,687
Shell plc SHEL	352,578	$27.3 million	0.03%	-4,325
Graco Inc. GGG	361,107	$27.3 million	0.03%	-1,616
iShares Trust IWV	63,550	$27.1 million	0.03%	-1,063
CMS Energy Corp. CMS	353,973	$27.1 million	0.03%	-6,734
AstraZeneca PLC AZN	138,620	$26.3 million	0.03%	-453
nVent Electric plc NVT	154,061	$26.1 million	0.03%	-2,653
iShares Trust IBDV	1,197,971	$26.1 million	0.03%	+31,591
Kimberly Clark Corp. KMB	236,202	$25.9 million	0.03%	-6,594
SPDR Ser Trust SPYM	290,908	$25.6 million	0.03%	+19,430
Quanta Services, Inc. PWR	35,047	$25.2 million	0.03%	+1,402
MP Materials Corp. MP	439,835	$24.6 million	0.03%	+401,696
Enterprise Products Partners LP EPD	664,984	$24.4 million	0.03%	-32,021
Texas Pacific Land Corp. TPL	55,707	$24.4 million	0.03%	+1,450
iShares Trust IEF	255,552	$24.2 million	0.03%	-19,120
Allstate Corp. ALL	100,874	$24.0 million	0.03%	-230
iShares Trust IEI	204,268	$24.0 million	0.03%	-6,908
Chipotle Mexican Grill Inc. CMG	701,387	$23.8 million	0.03%	-8,098
EOG Resources Inc. EOG	182,937	$23.7 million	0.03%	+13,728
Lumentum Holdings Inc. LITE	27,353	$23.5 million	0.03%	+22,050
Cigna Group CI	83,049	$22.9 million	0.02%	+970
iShares Trust IBDX	908,163	$22.9 million	0.02%	+39,641
Sandisk Corp. SNDK	10,006	$22.8 million	0.02%	+311
Marsh & McLennan Companies, Inc. MRSH	134,631	$22.4 million	0.02%	-1,630
GE HealthCare Technologies Inc. GEHC	347,651	$22.3 million	0.02%	+283

Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported; the largest 300 here.

Change is shares against its 13F for the quarter before; the 252 it sold out of are in the box above.

Options it reported

Company	Option	Shares under the options	Value of those shares
Microsoft Corp. MSFT	Puts	27	$177,992
Invesco Exchange Traded FD T RSP	Puts	4,933	$117,284
Lowe's Companies Inc. LOW	Puts	62	$49,202
Apple Inc. AAPL	Puts	90	$41,251
Automatic Data Processing Inc. ADP	Puts	23	$26,838
GE Vernova Inc. GEV	Puts	18	$9,504
SPDR S&P 500 SPY	Puts	49	$8,954
NVIDIA Corp. NVDA	Calls	11	$4,620
Direxion SHS ETF Trust DPST	Calls	1	$3,800
Intel Corp. INTC	Puts	507	$3,331
DBX ETF Trust NAIL	Calls	12	$3,120
Emerson Electric Co. EMR	Puts	128	$3,070
JPMorgan Chase & Co. JPM	Puts	35	$1,747
Eli Lilly & Co. LLY	Puts	14	$616
iShares Trust EEM	Puts	100	$444
iShares Trust EFA	Puts	90	$133

16 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.