First Command Advisory Services, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), First Command Advisory Services, Inc. reported 780 stock positions worth $14.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 44.4% of the portfolio, followed by Ishrs US E F R A ETF-Usd (DYNF, 9.6%) and Invesco Nasdaq 100 ETF (QQQM, 8.4%). Compared with Q3 2025, it opened 192 new positions, sold out of 39, added to 281 and reduced 99. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +30%) and the biggest sale Invesco Nasdaq 100 ETF (QQQM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001727336
- Portfolio Value
- $14.3B (Q4 2025)
- SEC Filing
- 0001727336-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 780 stocks · $14.3B
| IVV iShares Core S&P 500 ETF | 44.39% | 9,298,304 | $6.4B | Add +0.8% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 9.59% | 22,637,020 | $1.4B | Add +0.5% |
| QQQM Invesco Nasdaq 100 ETF | 8.37% | 4,747,672 | $1.2B | Reduce -0.6% |
| IJH iShares Core S&P Midcap ETF | 7.21% | 15,669,801 | $1.0B | Add +1.5% |
| IJR iShares Core S&P Small-Cap E | 5.42% | 6,469,879 | $777.5M | Add +0.8% |
| IWP iShares Russell Mid-Cap Grow | 3.66% | 3,839,481 | $525.8M | Add +8.0% |
| EWJ iShares MSCI Japan ETF | 2.81% | 4,993,457 | $403.2M | Add +0.3% |
| GNR State Street SPDR S&P Global | 2.32% | 5,359,762 | $333.1M | Add +5.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.94% | 3,471,741 | $278.5M | Add +29.6% |
| IEFA iShares Core MSCI Eafe ETF | 1.63% | 2,613,675 | $233.8M | Add +1.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.15% | 567,215 | $164.6M | Add +1.4% |
| IDEV iShares Core MSCI Dev MKTS | 0.94% | 1,630,797 | $134.5M | Add +21.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.87% | 2,694,661 | $125.4M | Add +21.9% |
| DEXC Dimensional Em Ex Cce ETF | 0.77% | 1,832,713 | $110.9M | Add +1.2% |
| SPHQ Invesco S&P 500 Quality ETF | 0.76% | 1,460,967 | $109.6M | Add +0.0% |
| DGRO iShares Core Dividend Growth | 0.73% | 1,513,906 | $105.1M | Reduce -1.1% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.64% | 1,590,578 | $92.1M | Add +21.2% |
| IAU iShares Gold Trust | 0.62% | 1,100,749 | $89.3M | Reduce -7.4% |
| DFAS Dimensional US Small Cap ETF | 0.55% | 1,130,069 | $78.7M | Reduce -1.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.54% | 722,548 | $77.1M | Reduce -1.0% |
| VGSH Vanguard Short-Term Treasury | 0.46% | 1,125,904 | $66.1M | Add +2.4% |
| VNQ Vanguard Real Estate ETF | 0.37% | 601,250 | $53.2M | Add +1.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.36% | 199,609 | $51.5M | Reduce -3.7% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.27% | 900,437 | $38.9M | Add +1.2% |
| IEMG iShares Core MSCI Emerging | 0.22% | 477,653 | $32.1M | Add +19.8% |
| SCHD Schwab US DVD Equity ETF | 0.22% | 1,158,286 | $31.8M | Add +4.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.21% | 649,968 | $30.5M | Add +18.8% |
| SPSB SS SPDR P St C Corp. ETF | 0.21% | 976,410 | $29.5M | Add +21.5% |
| DFAT Dimensional US Target Value | 0.20% | 485,284 | $28.9M | Reduce -3.8% |
| USHY iShares Broad Usd High Yield | 0.18% | 709,628 | $26.5M | Add +21.8% |
| INTF iShares International Equity | 0.18% | 702,540 | $26.5M | Add +0.7% |
| DFIV Dimensional International Va | 0.17% | 479,786 | $23.9M | Add +1.2% |
| EMB iShares JP Morgan Usd Emergi | 0.16% | 236,875 | $22.8M | Add +21.1% |
| VOO Vanguard S&P 500 ETF | 0.15% | 34,582 | $21.7M | Reduce -7.9% |
| OMFS Invesco RSL 2000 DYN Mltfctr | 0.15% | 478,524 | $21.3M | Add +2.0% |
| TBLL Invesco Short Term Treasury | 0.10% | 140,687 | $14.9M | Reduce -3.0% |
| AAPL Apple Inc. | 0.09% | 48,654 | $13.2M | Reduce -0.0% |
| MSFT Microsoft Corp. | 0.08% | 25,162 | $12.2M | Add +7.6% |
| GSLC Goldman Activebeta US LC ETF | 0.05% | 52,132 | $6.9M | Reduce -6.4% |
| IXUS iShares Core Intl Stock ETF | 0.05% | 76,743 | $6.5M | Reduce -6.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 12,732 | $6.4M | Add +7.5% |
| AMZN Amazon.com Inc. | 0.04% | 25,556 | $5.9M | Add +9.4% |
| NVDA Nvidia Corp. | 0.04% | 30,650 | $5.7M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.04% | 42,312 | $5.1M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 0.03% | 11,184 | $3.6M | Add +5.1% |
| CVX Chevron Corp. | 0.03% | 23,615 | $3.6M | Add +16.6% |
| GOOG Alphabet Inc. Class C | 0.02% | 11,308 | $3.5M | Add +25.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.02% | 10,532 | $3.5M | Add +23.8% |
| NOC Northrop Grumman Corp. | 0.02% | 5,909 | $3.4M | Add +2.6% |
| PG The Procter & Gamble Co. | 0.02% | 22,703 | $3.3M | Add +0.8% |
| JNJ Johnson & Johnson | 0.02% | 14,419 | $3.0M | Add +8.2% |
| VIG Vanguard Dividend Apprec ETF | 0.02% | 13,139 | $2.9M | Reduce -5.6% |
| LMT Lockheed Martin Corp. | 0.02% | 5,855 | $2.8M | Add +4.5% |
| SLV iShares Silver Trust | 0.02% | 41,682 | $2.7M | Add +9.3% |
| GOOGL Alphabet Inc. Class A | 0.02% | 8,360 | $2.6M | Reduce -8.9% |
| LLY Eli Lilly & Co. | 0.02% | 2,335 | $2.5M | Add +68.7% |
| WMT Walmart Inc. | 0.02% | 22,082 | $2.5M | Add +11.2% |
| IVW iShares S&P 500 Growth ETF | 0.01% | 16,693 | $2.1M | No change |
| HD Home Depot Inc. | 0.01% | 5,919 | $2.0M | Reduce -0.6% |
| V Visa Inc. Class A | 0.01% | 5,701 | $2.0M | Reduce -4.3% |
| META Meta Platforms Inc. Class A | 0.01% | 2,981 | $2.0M | Reduce -0.9% |
| RTX RTX Corp. | 0.01% | 10,351 | $1.9M | Add +0.2% |
| ABBV Abbvie Inc. | 0.01% | 7,424 | $1.7M | Add +4.1% |
| CSCO Cisco Systems Inc. | 0.01% | 21,983 | $1.7M | Add +25.4% |
| AXP American Express Co. | 0.01% | 4,562 | $1.7M | Add +3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.01% | 2,384 | $1.6M | Reduce -1.3% |
| MCD McDonald's Corp. | 0.01% | 5,299 | $1.6M | Add +3.6% |
| UNP Union Pacific Corp. | 0.01% | 6,691 | $1.5M | Add +0.9% |
| CAT Caterpillar Inc. | 0.01% | 2,649 | $1.5M | Reduce -7.2% |
| BA The Boeing Co. | 0.01% | 6,487 | $1.4M | Reduce -19.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.01% | 2,811 | $1.4M | Reduce -7.0% |
| VXUS Vanguard Total Intl Stock | 0.01% | 17,526 | $1.3M | Reduce -7.0% |
| ABT Abbott Laboratories | 0.01% | 10,188 | $1.3M | Add +1.9% |
| KO The Coca-Cola Co. | 0.01% | 17,900 | $1.3M | Reduce -3.1% |
| COST Costco Wholesale Corp. | 0.01% | 1,437 | $1.2M | Add +2.3% |
| ORCL Oracle Corp. | 0.01% | 6,332 | $1.2M | Add +1.2% |
| LHX L3HARRIS Technologies Inc. | 0.01% | 3,877 | $1.1M | Add +2.1% |
| MRK Merck & Co. Inc. | 0.01% | 10,639 | $1.1M | Add +16.2% |
| PEP Pepsico Inc. | 0.01% | 7,782 | $1.1M | Add +1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.01% | 1,797 | $1.1M | Add +0.2% |
| T AT&T Inc. | 0.01% | 44,145 | $1.1M | Add +39.6% |
| GE General Electric filed as GE AEROSPACE | 0.01% | 3,543 | $1.1M | Add +18.1% |
| CSX CSX Corp. | 0.01% | 29,776 | $1.1M | Add +22.5% |
| TSLA Tesla Inc. | 0.01% | 2,394 | $1.1M | Add +15.4% |
| BSMQ Invesco Bulletshares 2026 MB | 0.01% | 45,272 | $1.1M | Reduce -23.0% |
| BAH Booz Allen Hamilton Holdings | 0.01% | 12,627 | $1.1M | Reduce -7.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 19,105 | $1.1M | Add +6.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.01% | 3,459 | $1.0M | Add +1.1% |
| AVGO Broadcom Inc. | 0.01% | 2,860 | $990K | Reduce -17.9% |
| CMI Cummins Inc. | 0.01% | 1,925 | $983K | Add +0.6% |
| BSCQ Invesco Bulletshares 2026 CB | 0.01% | 49,320 | $965K | Reduce -28.2% |
| DUK Duke Energy Corp. | 0.01% | 8,225 | $964K | Add +1.1% |
| BSCR Invesco Bulletshares 2027 CB | 0.01% | 47,513 | $938K | Reduce -28.8% |
| NFLX Netflix Inc. | 0.01% | 9,914 | $930K | Add +19.7% |
| CEG Constellation Energy | 0.01% | 2,623 | $927K | Add +36.7% |
| IVE iShares S&P 500 Value ETF | 0.01% | 4,182 | $887K | Reduce -1.9% |
| LUV Southwest Airlines Co. | 0.01% | 21,371 | $883K | Add +3.0% |
| SHOP Shopify Inc. Class A | 0.01% | 5,008 | $806K | Add +1.4% |
| LDOS Leidos Holdings Inc. | 0.01% | 4,404 | $794K | Add +35.3% |
| IWF iShares Russell 1000 Growth | 0.01% | 1,629 | $771K | Add +2.5% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $405 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 21 | $405 | New |
| REVLON GROUP -28 | Equity WRT | 154 | $0 | New |
Lines left out (1) · $6 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| FG F&G Annuities & Life Inc. | COMMON STOCK | 0 | $6 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $14.3B.
Portfolio Sells Q3 2025 → Q4 2025
| QQQM Invesco Nasdaq 100 ETF | Reduce -0.6% | 8.37% | −0.19 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.7% | 0.36% | −0.02 |
| DGRO iShares Core Dividend Growth | Reduce -1.1% | 0.73% | −0.02 |
| DFAS Dimensional US Small Cap ETF | Reduce -1.9% | 0.55% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -1.0% | 0.54% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -7.9% | 0.15% | −0.02 |
| DFAT Dimensional US Target Value | Reduce -3.8% | 0.20% | −0.01 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.01 |
| TBLL Invesco Short Term Treasury | Reduce -3.0% | 0.10% | −0.01 |
| BSMP Invesco Bulletshares 2025 MB | Sold out | 0.00% | −0.01 |
| ITA iShares U.S. Aerospace & Def | Reduce -98.3% | 0.00% | −0.01 |
| GSLC Goldman Activebeta US LC ETF | Reduce -6.4% | 0.05% | −0.00 |
| IAU iShares Gold Trust | Reduce -7.4% | 0.62% | −0.00 |
| IXUS iShares Core Intl Stock ETF | Reduce -6.4% | 0.05% | −0.00 |
| HD Home Depot Inc. | Reduce -0.6% | 0.01% | −0.00 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -28.8% | 0.01% | −0.00 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -28.2% | 0.01% | −0.00 |
| BSCT Invesco Bulletshares 2029 CB | Reduce -34.5% | 0.01% | −0.00 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -32.7% | 0.01% | −0.00 |
| BA The Boeing Co. | Reduce -19.7% | 0.01% | −0.00 |
| BSMR Invesco Bulletshares 2027 MB | Reduce -43.1% | 0.00% | −0.00 |
| BSMQ Invesco Bulletshares 2026 MB | Reduce -23.0% | 0.01% | −0.00 |
| BAH Booz Allen Hamilton Holdings | Reduce -7.7% | 0.01% | −0.00 |
| META Meta Platforms Inc. Class A | Reduce -0.9% | 0.01% | −0.00 |
| BSMS Invesco Bulletshares 2028 MB | Reduce -51.0% | 0.00% | −0.00 |
| NVDA Nvidia Corp. | Reduce -0.2% | 0.04% | −0.00 |
| FVD First Trust Value Line DVD | Reduce -23.8% | 0.00% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.6% | 0.02% | −0.00 |
| FFIN First Finl Bankshares Inc. | Reduce -85.1% | 0.00% | −0.00 |
| AVGO Broadcom Inc. | Reduce -17.9% | 0.01% | −0.00 |
| DIS The Walt Disney Co. | Reduce -16.0% | 0.01% | −0.00 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.00 |
| STZ Constellation Brands Inc. Class A | Reduce -39.4% | 0.00% | −0.00 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -7.0% | 0.01% | −0.00 |
| XLK SS Technology Select Sector | Reduce -13.2% | 0.00% | −0.00 |
| TY Tri-Continental Corp. | Reduce -37.0% | 0.00% | −0.00 |
| VXUS Vanguard Total Intl Stock | Reduce -7.0% | 0.01% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -13.6% | 0.00% | −0.00 |
| V Visa Inc. Class A | Reduce -4.3% | 0.01% | −0.00 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -6.4% | 0.00% | −0.00 |
| BSMT Invesco Bulletshares 2029 MB | Reduce -38.9% | 0.00% | −0.00 |
| XLY SS Consumer Disc Select Sect | Reduce -58.5% | 0.00% | −0.00 |
| EXC Exelon Corp. | Reduce -21.0% | 0.00% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -59.4% | 0.00% | −0.00 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -23.5% | 0.00% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -36.1% | 0.00% | −0.00 |
| D Dominion Energy Inc. | Reduce -5.1% | 0.00% | −0.00 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.00 |
| FBND Fidelity Total Bond ETF | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +29.6% | 1.94% | +0.42 |
| IDEV iShares Core MSCI Dev MKTS | Add +21.4% | 0.94% | +0.16 |
| GNR State Street SPDR S&P Global | Add +5.8% | 2.32% | +0.15 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +21.9% | 0.87% | +0.13 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +21.2% | 0.64% | +0.10 |
| IEMG iShares Core MSCI Emerging | Add +19.8% | 0.22% | +0.03 |
| DEXC Dimensional Em Ex Cce ETF | Add +1.2% | 0.77% | +0.03 |
| SPSB SS SPDR P St C Corp. ETF | Add +21.5% | 0.21% | +0.03 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +18.8% | 0.21% | +0.03 |
| USHY iShares Broad Usd High Yield | Add +21.8% | 0.18% | +0.03 |
| EMB iShares JP Morgan Usd Emergi | Add +21.1% | 0.16% | +0.02 |
| LLY Eli Lilly & Co. | Add +68.7% | 0.02% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +25.8% | 0.02% | +0.01 |
| DFIV Dimensional International Va | Add +1.2% | 0.17% | +0.01 |
| SLV iShares Silver Trust | Add +9.3% | 0.02% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +23.8% | 0.02% | +0.00 |
| CVSA Covista Inc. | New | 0.00% | +0.00 |
| AMZN Amazon.com Inc. | Add +9.4% | 0.04% | +0.00 |
| BSCU Invesco Bulletshares 2030 CB | Add +228.9% | 0.01% | +0.00 |
| INTF iShares International Equity | Add +0.7% | 0.18% | +0.00 |
| CSCO Cisco Systems Inc. | Add +25.4% | 0.01% | +0.00 |
| JNJ Johnson & Johnson | Add +8.2% | 0.02% | +0.00 |
| DFGR Dim Global Real Estate ETF | New | 0.00% | +0.00 |
| SCHD Schwab US DVD Equity ETF | Add +4.6% | 0.22% | +0.00 |
| CVX Chevron Corp. | Add +16.6% | 0.03% | +0.00 |
| GEV GE Vernova Inc. | Add +94.5% | 0.00% | +0.00 |
| WMT Walmart Inc. | Add +11.2% | 0.02% | +0.00 |
| MRK Merck & Co. Inc. | Add +16.2% | 0.01% | +0.00 |
| CEG Constellation Energy | Add +36.7% | 0.01% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.5% | 0.04% | +0.00 |
| SCHB Schwab US Broad Market ETF | New | 0.00% | +0.00 |
| LUV Southwest Airlines Co. | Add +3.0% | 0.01% | +0.00 |
| CSX CSX Corp. | Add +22.5% | 0.01% | +0.00 |
| T AT&T Inc. | Add +39.6% | 0.01% | +0.00 |
| AXP American Express Co. | Add +3.9% | 0.01% | +0.00 |
| GE General Electric | Add +18.1% | 0.01% | +0.00 |
| LDOS Leidos Holdings Inc. | Add +35.3% | 0.01% | +0.00 |
| CMI Cummins Inc. | Add +0.6% | 0.01% | +0.00 |
| IWB iShares Russell 1000 ETF | Add +398.8% | 0.00% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Add +298.8% | 0.00% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +5.1% | 0.03% | +0.00 |
| TSLA Tesla Inc. | Add +15.4% | 0.01% | +0.00 |
| AVUV Avantis US Small Cap Value | New | 0.00% | +0.00 |
| AMGN Amgen Inc. | Add +5.8% | 0.00% | +0.00 |
| RTX RTX Corp. | Add +0.2% | 0.01% | +0.00 |
| BAC Bank of America Corp. | Add +6.0% | 0.01% | +0.00 |
| LRCX Lam Research Corp. | Add +8.6% | 0.00% | +0.00 |
| NSC Norfolk Southern Corp. | Add +87.8% | 0.00% | +0.00 |
| ROK Rockwell Automation Inc. | Add +62.1% | 0.00% | +0.00 |
| AOS Smith (a.o.) Corp. | New | 0.00% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | New | 21 | $405 |
| FG F&G Annuities & Life Inc. | COMMON STOCK | New | 0 | $6 |
| ARKK ARK Innovation ETF | INNOVATION ETF | Sold out | 0 | $0before exit |
| CFLT Confluent Inc. Class A | CLASS A COM | Sold out | 0 | $0before exit |
| REVLON GROUP -28 | Equity WRT | New | 154 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,144 | $16.8B | IVV, DYNF, QQQM, IJH, IJR |
| Q1 2026 | 1,044 | $14.8B | IVV, DYNF, QQQM, IJH, IJR |
| Q4 2025 | 780 | $14.3B | IVV, DYNF, QQQM, IJH, IJR |
| Q3 2025 | 627 | $13.8B | IVV, DYNF, QQQM, IJH, IJR |
| Q2 2025 | 611 | $11.6B | IVV, QQQM, IJR, IJH, EWJ |
| Q1 2025 | 616 | $10.4B | IVV, IJR, IJH, QQQM, EWJ |
| Q4 2024 | 443 | $10.5B | IVV, QQQM, IJR, SPHQ, IJH |
| Q3 2024 | 468 | $10.4B | IVV, IJR, QQQM, SPHQ, IJH |
| Q2 2024 | 512 | $9.6B | IVV, QQQM, IJR, SPHQ, IJH |
| Q1 2024 | 582 | $9.5B | IVV, IJR, QQQM, SPHQ, IJH |