Shares of Apple Inc. Top US Bancorp’s $2B Tech Stock Investment Portfolio

Wall St. Watchdog reveals information regarding US Bancorp’s top holdings in the Technology sector for the quarter ending September 30th, 2011. The firm held 531 stocks in the Technology sector at the end of the quarter with an aggregate market value of $2.068 billion.

  • Apple Inc. (NASDAQ:AAPL): On 06/30/2011, US Bancorp reported holding 726,623 shares with a market value of $243,905,552. This comprised 1.21% of the total portfolio. On 09/30/2011, US Bancorp reported holding 702,469 shares with a market value of $267,865,484. This comprised 1.58% of the total portfolio. The net change in shares for this position over the two quarters is -24,154. About Company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
  • International Business Machines (NYSE:IBM): On 06/30/2011, US Bancorp reported holding 1,324,779 shares with a market value of $227,265,841. This comprised 1.13% of the total portfolio. On 09/30/2011, US Bancorp reported holding 1,301,501 shares with a market value of $227,593,474. This comprised 1.34% of the total portfolio. The net change in shares for this position over the two quarters is -23,278. About Company: International Business Machines Corporation provides computer solutions through the use of advanced information technology. The Company’s solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.
  • Intel Corporation (NASDAQ:INTC): On 06/30/2011, US Bancorp reported holding 8,566,927 shares with a market value of $189,843,101. This comprised 0.94% of the total portfolio. On 09/30/2011, US Bancorp reported holding 8,505,017 shares with a market value of $181,497,064. This comprised 1.07% of the total portfolio. The net change in shares for this position over the two quarters is -61,910. About Company: Intel Corporation designs, manufactures, and sells computer components and related products. The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.
  • Verizon Communications Inc. (NYSE:VZ): On 06/30/2011, US Bancorp reported holding 4,153,590 shares with a market value of $154,638,154. This comprised 0.77% of the total portfolio. On 09/30/2011, US Bancorp reported holding 4,185,680 shares with a market value of $154,033,021. This comprised 0.91% of the total portfolio. The net change in shares for this position over the two quarters is 32,090. About Company: Verizon Communications Inc. is an integrated telecommunications company that provides wire line voice and data services, wireless services, Internet services, and published directory information. The Company also provides network services for the federal government including business phone lines, data services, telecommunications equipment and payphones.
  • At&t Inc. (NYSE:T): On 06/30/2011, US Bancorp reported holding 5,153,167 shares with a market value of $161,860,975. This comprised 0.81% of the total portfolio. On 09/30/2011, US Bancorp reported holding 5,165,021 shares with a market value of $147,306,401. This comprised 0.87% of the total portfolio. The net change in shares for this position over the two quarters is 11,854. About Company: AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing.
  • Microsoft Corporation (NASDAQ:MSFT): On 06/30/2011, US Bancorp reported holding 5,936,500 shares with a market value of $154,349,000. This comprised 0.77% of the total portfolio. On 09/30/2011, US Bancorp reported holding 5,772,039 shares with a market value of $143,666,047. This comprised 0.85% of the total portfolio. The net change in shares for this position over the two quarters is -164,461. About Company: Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.
  • Oracle Corp. (NASDAQ:ORCL): On 06/30/2011, US Bancorp reported holding 4,513,146 shares with a market value of $148,527,634. This comprised 0.74% of the total portfolio. On 09/30/2011, US Bancorp reported holding 4,023,805 shares with a market value of $115,644,155. This comprised 0.68% of the total portfolio. The net change in shares for this position over the two quarters is -489,341. About Company: Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle’s software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.
  • Qualcomm Incorporated (NASDAQ:QCOM): On 06/30/2011, US Bancorp reported holding 2,317,903 shares with a market value of $131,633,713. This comprised 0.66% of the total portfolio. On 09/30/2011, US Bancorp reported holding 2,237,403 shares with a market value of $108,804,910. This comprised 0.64% of the total portfolio. The net change in shares for this position over the two quarters is -80,500. About Company: QUALCOMM, Inc. develops and manufactures digital wireless communications equipment. The Company licenses its Code Division Multiple Access (CDMA) intellectual property to other companies, and produces CDMA-based integrated circuits; equipment and software used to track workers and assets; software for wireless content enablement; and offers services to deliver multimedia content.
  • Cisco Systems Inc. (NASDAQ:CSCO): On 06/30/2011, US Bancorp reported holding 4,245,718 shares with a market value of $66,275,657. This comprised 0.33% of the total portfolio. On 09/30/2011, US Bancorp reported holding 3,842,838 shares with a market value of $59,563,989. This comprised 0.35% of the total portfolio. The net change in shares for this position over the two quarters is -402,880. About Company: Cisco Systems, Inc. supplies data networking products for the Internet. The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world.
  • Google Inc. (NASDAQ:GOOG): On 06/30/2011, US Bancorp reported holding 111,819 shares with a market value of $56,622,906. This comprised 0.28% of the total portfolio. On 09/30/2011, US Bancorp reported holding 111,763 shares with a market value of $57,562,413. This comprised 0.34% of the total portfolio. The net change in shares for this position over the two quarters is -56. About Company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.

(Note: Data regarding US Bancorp’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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