Fintel reports that Warren Buffet's Berkshire Hathaway Inc has filed a 13G/A form with the SEC disclosing ownership of 53,045,548 shares of U.S. Bancorp (USB). This represents 3.6% of the company.
In their previous filing dated February 14, 2022, Berkshire Hathaway reported 144,730,560 shares and 9.80% of the company, a decrease in shares of 63.35% and a decrease in total ownership of 6.20% (calculated as current - previous percent ownership).
What are other large shareholders doing?
Vanguard Group Inc holds 113,680,213 shares representing 7.65% ownership of the company. In it's prior filing, the firm reported owning 111,805,389 shares, representing an increase of 1.65%. The firm decreased its portfolio allocation in USB by 78.13% over the last quarter.
BlackRock Inc. holds 99,441,147 shares representing 6.69% ownership of the company. In it's prior filing, the firm reported owning 97,457,184 shares, representing an increase of 2.00%. The firm increased its portfolio allocation in USB by 5.20% over the last quarter.
State Street Corp holds 58,688,034 shares representing 3.95% ownership of the company. In it's prior filing, the firm reported owning 63,300,947 shares, representing a decrease of 7.86%. The firm decreased its portfolio allocation in USB by 2.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 39,370,249 shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 38,533,103 shares, representing an increase of 2.13%. The firm increased its portfolio allocation in USB by 4.80% over the last quarter.
What is the overall institutional sentiment?
There are 2553 funds or institutions reporting positions in U.S. Bancorp. This is a decrease of 40 owner(s) or 1.54%.
Average portfolio weight of all funds dedicated to U.S. Bancorp is 0.4341%, a decrease of 2.4372%. Total shares owned by institutions decreased in the last three months by 1.45% to 1,252,120,976 shares.
Based on this information, institutional sentiment is bearish.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
