US Bancorp Significantly Increases Stake in Maplebear

Institutional investor now owns over 3.4 million shares of the online grocery delivery company.

Published on Mar. 3, 2026

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According to a recent SEC filing, US Bancorp DE has significantly increased its stake in Maplebear Inc. (NASDAQ:CART), the parent company of the online grocery delivery service Instacart. The institutional investor now owns 373,992 shares of Maplebear, representing a 3,456.4% increase from the previous quarter. This gives US Bancorp a 0.14% ownership stake in the $9.85 billion company.

Why it matters

Maplebear, which operates the popular Instacart grocery delivery platform, has seen its stock price fluctuate in recent quarters as the company navigates the evolving online grocery market. The significant increase in ownership by a major institutional investor like US Bancorp suggests confidence in Maplebear's long-term growth prospects.

The details

According to the SEC filing, US Bancorp DE purchased an additional 363,476 shares of Maplebear during the third quarter, bringing its total ownership to 373,992 shares. This represents about 0.14% of Maplebear's total outstanding shares. The institutional investor paid an average price of $36.75 per share, valuing its total Maplebear position at $13.75 million.

  • US Bancorp DE increased its Maplebear stake during the third quarter of 2026.
  • The SEC filing disclosing the increased stake was published on March 1, 2026.

The players

US Bancorp DE

A major U.S. bank and financial services holding company.

Maplebear Inc.

The parent company of the online grocery delivery service Instacart, a publicly traded company listed on the NASDAQ exchange.

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The takeaway

The significant increase in ownership by a prominent institutional investor like US Bancorp suggests Wall Street's continued confidence in Maplebear's ability to capitalize on the growing online grocery market, despite recent stock price volatility.