Franklin Resources Reduces Stake in U.S. Bancorp

Asset manager sells nearly 1 million shares of the financial services provider

Mar. 12, 2026 at 10:34am

Got story updates? Submit your updates here. ›

Franklin Resources Inc., a major investment management firm, has lowered its stake in U.S. Bancorp (NYSE: USB) by 11.1% during the third quarter, according to a recent SEC filing. The firm sold 953,734 shares of the financial services company, leaving it with a remaining position of 7,662,733 shares worth approximately $370 million.

Why it matters

This transaction provides insight into the investment strategy and portfolio adjustments of a prominent asset manager. Changes in large institutional holdings can signal broader market trends or shifts in sentiment around a particular stock or sector.

The details

According to the 13F filing, Franklin Resources sold 953,734 shares of U.S. Bancorp stock during the third quarter. This reduced the firm's total position to 7,662,733 shares, which represented approximately 0.49% of U.S. Bancorp's outstanding shares at the time.

  • The share sale occurred during the third quarter of 2026.

The players

Franklin Resources Inc.

A global investment management organization and one of the largest asset managers in the world.

U.S. Bancorp

A major financial services company and the parent of U.S. Bank, providing a wide range of banking, investment, mortgage, trust and payment services.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This transaction highlights the ongoing portfolio adjustments and investment decisions made by major institutional investors like Franklin Resources. While the reasons behind the stake reduction are not explicitly stated, it provides a data point on the changing ownership landscape for U.S. Bancorp stock.