Miller Howard Investments Trims Stake in U.S. Bancorp

Investment firm reduces position in major financial services provider

Apr. 20, 2026 at 10:24am

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An extreme close-up of various metal gears, levers, and mechanisms that are part of the physical machinery powering a banking institution, conveying a sense of the heavy, industrial nature of financial infrastructure.A close-up view of the inner workings of a major banking institution, reflecting the tangible infrastructure that underpins the financial services industry.Minneapolis Today

Miller Howard Investments Inc. NY lowered its position in U.S. Bancorp (NYSE:USB) by 2.9% in the 4th quarter, according to a recent SEC filing. The firm owned 792,964 shares of the financial services provider's stock worth $42.31 million as of the end of the quarter.

Why it matters

This filing provides insight into the investment strategies and portfolio adjustments of Miller Howard Investments, a notable institutional investor. Changes in large investor positions can signal broader market trends or shifts in sentiment around a particular stock.

The details

According to the SEC disclosure, Miller Howard Investments sold 23,578 shares of U.S. Bancorp during the fourth quarter, reducing its total position to 792,964 shares. The firm previously owned 0.05% of U.S. Bancorp's outstanding stock. Other institutional investors and hedge funds also made changes to their U.S. Bancorp holdings during the quarter.

  • The filing covers the fourth quarter of 2025.

The players

Miller Howard Investments Inc. NY

An investment management firm that owns stakes in various public companies.

U.S. Bancorp

A major U.S. bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services.

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The takeaway

This filing highlights the ongoing portfolio adjustments of a prominent institutional investor, Miller Howard Investments, and provides a window into the firm's views on the financial services sector and U.S. Bancorp specifically.