Value-focused investor First Eagle Investment Management significantly increased its holdings in U.S. Bancorp during the second quarter of 2026, boosting its share count by over 102%. According to its latest ownership filing, the firm now holds 18.25 million shares valued at approximately $1.10 billion, making it a top-20 position in its multi-billion dollar portfolio.
The purchase occurred during a quarter where U.S. Bancorp reported record net revenue and strong earnings growth. This trade was disclosed in a mandatory quarterly 13F filing, which is released with a delay and reflects the investor's position as of the quarter's end on June 30, 2026. The estimated value of the shares acquired during the period is over $550 million.