2. The Vanguard Group
The large asset manager owned nearly 100.88 million shares outstanding shares (6.5% of U.S. Bancorp's outstanding shares), worth over $6.5 billion. Vanguard funds ranked as the top two mutual fund holders of the bank.
3. State Street Corporation
The large asset manager held about 69.4 million shares (4.5% of shares outstanding) worth over $3.7 billion. State Street (STT +1.45%) manages several popular ETFs under the SPDR banner, including two of the top 10 fund holders: the SPDR S&P 500 ETF Trust (SPY +0.00%) and the Select Sector SPDR Fund-Financial (XLF +0.21%).
4. JPMorgan Chase
This asset manager and bank owned roughly 61.68 million shares (3.97% of shares outstanding), worth over $3.3 billion. This fund offers all manners of financial products and services from basic checking and savings accounts to lines of credit and brokerage accounts.
5. FMR LCC
The parent company of Fidelity Investments, FMR LLC, held 57.2 million shares (3.68% of shares) worth over $3.4 billion. This fund and brokerage helps customers with retirement accounts, long-term investing, and brokerage accounts.