CONFLUENCE INVESTMENT MANAGEMENT LLC

Position in USB — US Bancorp De

CIK 1442056 ST. LOUIS, MO

Back to USB Full portfolio

Position in USB

as of Jun 30, 2026 · filed Jul 1, 2026 Compact

Position Value

$104,789,046

+$11,982,247 QoQ

Shares Held

1,734,918

-2.8% QoQ

Ownership

0.111%

of shares outstanding

% of Portfolio

2.01%

of 13F equity value

Holder Rank

#84

of 2,052 holders

Holding Since

Mar 2020

26 quarters on record

Voting authority Sole 100% Shared 0% None 0%

Common Shares in USB Over Time

Shares Held

Position Value (USD)

Position in Banks - Regional

Financial Services · as of Jun 30, 2026

CONFLUENCE INVESTMENT MANAGEMENT LLC holds $105,841,133 across 4 Banks - Regional names. USB ranks #1 (99.0% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	USB	US Bancorp De This page	1,734,918	$104,789,046
2	SHG	Shinhan Financial Group Co Ltd	6,290	$397,842
3	BAP	Credicorp Ltd	946	$368,542
4	NU	Nu Holdings Ltd.	21,385	$285,703

All Filings in USB

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26 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-06-30	$104,789,046	1,734,918	-2.8%	Shares	Sole	2026-07-01
2026-03-31	$92,806,799	1,784,403	-3.4%	Shares	Sole	2026-04-01
2025-12-31	$98,529,879	1,846,512	-4.5%	Shares	Sole	2026-01-05
2025-09-30	$93,461,133	1,933,812	-1.0%	Shares	Sole	2025-10-14
2025-06-30	$88,372,118	1,952,975	+1.8%	Shares	Sole	2025-07-01
2025-03-31	$81,027,230	1,919,167	-2.1%	Shares	Sole	2025-04-01
2024-12-31	$93,719,441	1,959,428	-0.5%	Shares	Sole	2025-01-02
2024-09-30	$90,059,473	1,969,374	-1.2%	Shares	Sole	2024-10-31
2024-06-30	$79,100,304	1,992,451	-3.4%	Shares	Sole	2024-07-01
2024-03-31	$92,191,962	2,062,460	+4.2%	Shares	Sole	2024-04-01
2023-12-31	$85,672,716	1,979,499	-5.0%	Shares	Sole	2024-11-05
2023-09-30	$68,878,261	2,083,432	+1.1%	Shares	Sole	2023-10-10
2023-06-30	$68,104,063	2,061,261	+1.0%	Shares	Sole	2023-07-03
2023-03-31	$73,590,090	2,041,334	+3.1%	Shares	Sole	2023-04-04
2022-12-31	$86,352,640	1,980,111	+1.8%	Shares	Sole	2023-01-04
2022-09-30	$78,424,819	1,945,060	+1.7%	Shares	Sole	2022-10-03
2022-06-30	$87,995,026	1,912,104	+2.1%	Shares	Sole	2022-07-12
2022-03-31	$99,553,776	1,873,072	+0.6%	Shares	Sole	2022-04-04
2021-12-31	$104,533,493	1,861,020	+0.1%	Shares	Sole	2022-01-04
2021-09-30	$110,456,163	1,858,280	-0.2%	Shares	Sole	2021-10-04
2021-06-30	$106,034,330	1,861,231	-0.5%	Shares	Sole	2021-07-01
2021-03-31	$103,416,812	1,869,767	+1.6%	Shares	Sole	2021-04-05
2020-12-31	$85,750,013	1,840,524	-6.3%	Shares	Sole	2021-01-25
2020-09-30	$70,405,922	1,963,903	-2.4%	Shares	Sole	2020-10-19
2020-06-30	$74,106,693	2,012,675	-1.2%	Shares	Sole	2020-07-01
2020-03-31	$70,196,560	2,037,636	—	Shares	Sole	2020-06-03
No filing history on record for this holder in this stock.