US Bancorp Boosts Stake in Western Digital

The financial services firm increased its holdings in the data storage provider by 29.5% in the third quarter.

Mar. 3, 2026 at 12:07am

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According to a recent 13F filing with the SEC, US Bancorp DE boosted its holdings in Western Digital Corporation (NASDAQ:WDC) by 29.5% in the 3rd quarter. The fund now owns 94,749 shares of the data storage provider's stock, worth $11,376,000 at the end of the quarter.

Why it matters

This increase in US Bancorp's stake in Western Digital suggests the financial services firm sees growth potential in the data storage company. As one of Western Digital's larger institutional investors, US Bancorp's increased position could signal confidence in the company's future performance.

The details

US Bancorp purchased an additional 21,572 shares of Western Digital during the 3rd quarter, bringing its total holdings to 94,749 shares. This represents a 29.5% increase in the firm's position in the data storage provider.

  • US Bancorp reported its increased stake in Western Digital in a 13F filing for the 3rd quarter of 2026.

The players

US Bancorp DE

A major financial services firm that has increased its holdings in Western Digital Corporation.

Western Digital Corporation

A global data storage company that designs, manufactures and sells a range of storage devices and systems.

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The takeaway

US Bancorp's increased stake in Western Digital suggests the financial firm sees strong growth potential in the data storage provider. This could be a positive sign for Western Digital's future performance as it continues to compete in the rapidly evolving data storage market.