North Reef Capital Management LP lowered its stake in U.S. Bancorp ( NYSE:USB – Free Report ) by 30.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 456,888 shares of the financial services provider's stock after selling 199,569 shares during the quarter. U.S. Bancorp makes up about 1.8% of North Reef Capital Management LP's holdings, making the stock its 20th biggest position. North Reef Capital Management LP's holdings in U.

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