United Services Automobile Association

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), United Services Automobile Association reported 390 stock positions worth $3.1 billion. Its top holding was iShares Core U.S. Aggregate (AGG) at 9.3% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 3.6%) and Broadcom (AVGO, 3.3%). Compared with Q3 2024, it opened 25 new positions, sold out of 15, added to 60 and reduced 107. The biggest buy was Broadcom (AVGO, shares +1%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −68%).

Most Recent 13F
Q2 2026
Location
SAN ANTONIO, TX
CIK
0001021249
Portfolio Value
$3.1B (Q4 2024)
SEC Filing
0000950123-25-001568 ↗ filed Feb 11, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $4.1B Q1 2024 Q2 2024: $3.9B Q2 2024 Q3 2024: $3.9B Q3 2024 Q4 2024: $3.1B $3.1B Q4 2024 Q1 2025: $3.2B Q1 2025 Q2 2025: $962.6M Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $850.6M Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 390 stocks · $3.1B
AGG iShares Core U.S. Aggregate 9.33% 2,953,780 $286.2M Reduce -67.6%
VOO Vanguard S&P 500 ETF 3.57% 203,358 $109.6M Reduce -2.7%
AVGO Broadcom Inc. 3.32% 439,663 $101.9M Add +0.7%
UITB Victoryshares Core Intermedi 3.23% 2,154,495 $99.0M No change
XOM Exxon Mobil Corp. 2.88% 821,426 $88.4M Reduce -0.1%
AAPL Apple Inc. 2.86% 349,900 $87.6M Add +1.7%
ABBV Abbvie Inc. 2.61% 449,905 $79.9M No change
HD Home Depot Inc. 2.56% 202,191 $78.7M Reduce -0.1%
NVDA Nvidia Corp. 2.49% 568,866 $76.4M Reduce -0.2%
MSFT Microsoft Corp. 2.36% 171,841 $72.4M Reduce -0.3%
MO Altria Group Inc. 2.25% 1,318,326 $68.9M Reduce -0.0%
VEU Vanguard Ftse All-World Ex-U 2.10% 1,122,297 $64.4M Reduce -0.5%
JNJ Johnson & Johnson 2.09% 443,687 $64.2M Add +2.8%
JPM JPMorgan Chase & Co. 2.08% 266,087 $63.8M Add +3.2%
CNQ Canadian Natural Resources 1.98% 952,807 $60.7M No change
PM Philip Morris International 1.97% 502,549 $60.5M No change
PG The Procter & Gamble Co. 1.89% 345,175 $57.9M Add +3.5%
CSCO Cisco Systems Inc. 1.86% 965,816 $57.2M Reduce -0.1%
PEP Pepsico Inc. 1.59% 320,475 $48.7M Add +0.1%
AMZN Amazon.com Inc. 1.55% 216,034 $47.4M Add +0.8%
MRK Merck & Co. Inc. 1.27% 390,520 $38.8M No change
CVX Chevron Corp. 1.25% 264,529 $38.3M Reduce -0.1%
UNH Unitedhealth Group Inc. 1.19% 71,940 $36.4M Add +5.1%
TRUE Truecar Inc. 0.97% 7,962,245 $29.7M No change
META Meta Platforms Inc. Class A 0.96% 50,473 $29.6M Reduce -0.7%
VXF Vanguard Extended Market ETF 0.92% 149,282 $28.4M Reduce -3.4%
VYM Vanguard High DVD Yield ETF 0.88% 211,676 $27.0M Reduce -1.2%
TSLA Tesla Inc. 0.85% 64,194 $25.9M Reduce -0.1%
QCOM Qualcomm Inc. 0.84% 168,061 $25.8M No change
GOOGL Alphabet Inc. Class A 0.81% 131,554 $24.9M Reduce -1.2%
ADP Automatic Data Processing 0.79% 82,621 $24.2M Reduce -0.2%
LOW Lowe's Cos Inc. 0.79% 97,588 $24.1M No change
WMT Walmart Inc. 0.78% 264,687 $23.9M Reduce -34.5%
CAT Caterpillar Inc. 0.76% 64,017 $23.2M Reduce -0.6%
CL Colgate-Palmolive Co. 0.75% 252,925 $23.0M Add +0.1%
KMB Kimberly-Clark Corp. 0.72% 168,864 $22.1M Add +0.1%
UPS United Parcel Service Class B 0.72% 175,117 $22.1M No change
GOOG Alphabet Inc. Class C 0.71% 114,623 $21.8M No change
BMY Bristol-Myers Squibb Co. 0.70% 380,185 $21.5M Reduce -0.4%
LMT Lockheed Martin Corp. 0.69% 43,450 $21.1M Reduce -0.1%
ACN Accenture PLC Class A 0.65% 56,615 $19.9M Reduce -0.2%
AXP American Express Co. 0.65% 66,800 $19.8M No change
BRK.B Berkshire Hathaway Inc. Class B 0.63% 42,293 $19.2M Add +1.2%
LLY Eli Lilly & Co. 0.62% 24,729 $19.1M Reduce -0.5%
BSV Vanguard Short-Term Bond ETF 0.61% 241,217 $18.6M Reduce -6.2%
SBUX Starbucks Corp. 0.54% 180,645 $16.5M Add +0.0%
MMM 3M Co. 0.53% 126,364 $16.3M No change
COP Conocophillips 0.53% 162,762 $16.1M Add +1.6%
VLO Valero Energy Corp. 0.52% 129,685 $15.9M No change
GILD Gilead Sciences Inc. 0.50% 166,630 $15.4M No change
VCSH Vanguard S/T Corp. Bond ETF 0.47% 185,943 $14.5M Add +0.1%
VCIT Vanguard Int-Term Corporate 0.47% 179,413 $14.4M Add +0.8%
VCLT Vanguard Long-Term Corp. Bond 0.46% 189,350 $14.2M Add +1.6%
IMO Imperial Oil Ltd. 0.41% 98,539 $12.5M No change
V Visa Inc. Class A 0.40% 38,648 $12.2M Add +1.4%
RY Royal Bank of Canada 0.38% 46,510 $11.6M No change
ITW Illinois Tool Works 0.38% 45,523 $11.5M No change
CVE Cenovus Energy Inc. 0.34% 328,989 $10.3M No change
TGT Target Corp. 0.33% 75,715 $10.2M No change
MA Mastercard Inc. Class A 0.33% 19,057 $10.0M Reduce -0.7%
VXUS Vanguard Total Intl Stock 0.32% 164,513 $9.7M Reduce -4.9%
COST Costco Wholesale Corp. 0.31% 10,291 $9.4M Reduce -0.5%
BND Vanguard Total Bond Market 0.30% 129,456 $9.3M No change
NFLX Netflix Inc. 0.29% 10,014 $8.9M No change
SHOP Shopify Inc. Class A 0.29% 39,917 $8.8M No change
BBY Best Buy Co. Inc. 0.26% 92,610 $7.9M Add +0.4%
CRM Salesforce Inc. 0.25% 22,585 $7.6M Reduce -0.4%
YUM Yum! Brands Inc. 0.23% 53,068 $7.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.22% 155,923 $6.9M Reduce -1.3%
MSCI MSCI Inc. 0.22% 11,214 $6.7M No change
AMP Ameriprise Financial Inc. 0.22% 12,439 $6.6M No change
HPQ HP Inc. 0.21% 199,976 $6.5M Add +0.4%
TD Toronto-Dominion Bank 0.21% 57,472 $6.3M No change
ENB Enbridge Inc. 0.20% 70,371 $6.2M No change
ORCL Oracle Corp. 0.20% 36,941 $6.2M Add +0.4%
CLX Clorox Company 0.19% 36,426 $5.9M No change
VTI VG Morningstar TS MKT ETF-US 0.18% 19,408 $5.6M Reduce -14.2%
KO The Coca-Cola Co. 0.18% 90,120 $5.6M Reduce -74.0%
BN Brookfield Corp. 0.18% 46,629 $5.5M No change
WFC Wells Fargo & Co. 0.18% 78,455 $5.5M Reduce -1.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.17% 47,326 $5.4M No change
OTIS Otis Worldwide Corp. 0.17% 57,371 $5.3M Reduce -0.8%
MAS Masco Corp. 0.17% 70,146 $5.1M No change
NXPI NXP Semiconductors NV 0.16% 23,381 $4.9M No change
MCD McDonald's Corp. 0.16% 16,633 $4.8M Reduce -0.7%
IVW iShares S&P 500 Growth ETF 0.16% 47,166 $4.8M Reduce -3.7%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.16% 23,798 $4.8M No change
MPC Marathon Petroleum Corp. 0.16% 34,133 $4.8M Reduce -0.7%
HSY The Hershey Co. 0.15% 27,955 $4.7M No change
LIN Linde PLC 0.15% 11,238 $4.7M Reduce -0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 41,903 $4.7M Reduce -1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 21,163 $4.7M No change
ABT Abbott Laboratories 0.15% 40,666 $4.6M Reduce -1.3%
CP Canadian Pacific Kansas City 0.15% 30,642 $4.6M No change
ADBE Adobe Inc. 0.15% 10,255 $4.6M Reduce -1.9%
AMD Advanced Micro Devices 0.15% 37,463 $4.5M Reduce -0.3%
OC Owens Corning 0.14% 25,972 $4.4M Reduce -0.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.14% 39,789 $4.4M No change
EXPD Expeditors Intl Wash Inc. 0.14% 39,041 $4.3M No change
GE General Electric filed as GE AEROSPACE 0.14% 25,483 $4.3M Reduce -1.0%

Show all 390 holdings

Portfolio Sells Q3 2024 → Q4 2024
AGG iShares Core U.S. Aggregate Reduce -67.6% 9.33% −14.24
IEMG iShares Core MSCI Emerging Sold out 0.00% −5.15
EMXC iShares MSCI Emr MRK Ex Chna Sold out 0.00% −1.81
KO The Coca-Cola Co. Reduce -74.0% 0.18% −0.45
IEFA iShares Core MSCI Eafe ETF Sold out 0.00% −0.27
WMT Walmart Inc. Reduce -34.5% 0.78% −0.05
CMS CMS Energy Corp. Sold out 0.00% −0.02
ON On Semiconductor Sold out 0.00% −0.02
SWN Southwestern Energy Co. Sold out 0.00% −0.01
SNV Synovus Financial Corp. Sold out 0.00% −0.01
AMD Advanced Micro Devices Reduce -0.3% 0.15% −0.01
MRO Marathon Oil Corp. Sold out 0.00% −0.01
CUZ Cousins Properties Inc. Sold out 0.00% −0.01
AES AES Corp. Sold out 0.00% −0.01
RUN Sunrun Inc. Sold out 0.00% −0.01
MPT Medical Properties Trust Inc. Sold out 0.00% −0.01
COTY Coty Inc. Class A Sold out 0.00% −0.01
NEOG Neogen Corp. Sold out 0.00% −0.01
FLG Flagstar Bank NA Sold out 0.00% −0.01
XRAY Dentsply Sirona Inc. Reduce -2.6% 0.01% −0.00
CCI Crown Castle Inc. Reduce -1.5% 0.03% −0.00
DOC Healthpeak Properties Inc. Reduce -18.7% 0.01% −0.00
LUMN Lumen Technologies Inc. Reduce -0.3% 0.01% −0.00
AMT American Tower Corp. Reduce -1.6% 0.06% −0.00
ADM Archer-Daniels-Midland Co. Reduce -7.3% 0.02% +0.00
NNN NNN REIT Inc. Reduce -5.8% 0.02% +0.00
RF Regions Financial Corp. Reduce -20.5% 0.02% +0.00
FBP First Bancorp Puerto Rico Reduce -2.2% 0.01% +0.00
FLO Flowers Foods Inc. Reduce -1.8% 0.01% +0.00
STAG Stag Industrial Inc. Reduce -1.3% 0.01% +0.00
STLA Stellantis NV Reduce -6.9% 0.03% +0.00
IRT Independence Realty Trust Inc. Reduce -6.3% 0.01% +0.00
STWD Starwood Property Trust Inc. Reduce -5.8% 0.01% +0.00
FER Ferrovial NV Reduce -8.3% 0.02% +0.00
KIM Kimco Realty Corp. Reduce -14.6% 0.02% +0.00
FULT Fulton Financial Corp. Reduce -3.6% 0.01% +0.00
GNTX Gentex Corp. Reduce -6.6% 0.01% +0.00
AM Antero Midstream Corp. Reduce -3.3% 0.01% +0.00
CARR Carrier Global Corp. Reduce -3.2% 0.04% +0.00
AMGN Amgen Inc. Reduce -1.1% 0.11% +0.00
NI Nisource Inc. Reduce -5.4% 0.01% +0.00
OHI Omega Healthcare Investors Reduce -1.4% 0.02% +0.00
CADE Cadence Bank Reduce -5.8% 0.01% +0.00
AEP American Electric Power Reduce -4.8% 0.04% +0.00
VNT Vontier Corp. Reduce -2.4% 0.01% +0.00
BRX Brixmor Property Group Inc. Reduce -2.8% 0.02% +0.00
ELS Equity Lifestyle Properties Reduce -3.6% 0.03% +0.00
DHR Danaher Corp. Reduce -2.0% 0.11% +0.00
OGE Oge Energy Corp. Reduce -1.6% 0.02% +0.00
G Genpact Ltd. Reduce -4.9% 0.01% +0.00

Portfolio Buys Q3 2024 → Q4 2024
AVGO Broadcom Inc. Add +0.7% 3.32% +1.40
AAPL Apple Inc. Add +1.7% 2.86% +0.81
JPM JPMorgan Chase & Co. Add +3.2% 2.08% +0.69
AMZN Amazon.com Inc. Add +0.8% 1.55% +0.53
PG The Procter & Gamble Co. Add +3.5% 1.89% +0.41
JNJ Johnson & Johnson Add +2.8% 2.09% +0.31
PEP Pepsico Inc. Add +0.1% 1.59% +0.20
UNH Unitedhealth Group Inc. Add +5.1% 1.19% +0.17
BRK.B Berkshire Hathaway Inc. Class B Add +1.2% 0.63% +0.13
V Visa Inc. Class A Add +1.4% 0.40% +0.13
LOGI Logitech International-Reg New 0.11% +0.11
KMB Kimberly-Clark Corp. Add +0.1% 0.72% +0.11
VCSH Vanguard S/T Corp. Bond ETF Add +0.1% 0.47% +0.10
COP Conocophillips Add +1.6% 0.53% +0.10
VCIT Vanguard Int-Term Corporate Add +0.8% 0.47% +0.09
PANW Palo Alto Networks Inc. New 0.09% +0.09
SBUX Starbucks Corp. Add +0.0% 0.54% +0.09
PLTR Palantir Technologies Inc. Class A Add +63.8% 0.11% +0.09
ANET Arista Networks Inc. New 0.09% +0.09
CL Colgate-Palmolive Co. Add +0.1% 0.75% +0.08
VCLT Vanguard Long-Term Corp. Bond Add +1.6% 0.46% +0.08
LRCX Lam Research Corp. New 0.07% +0.07
APO Apollo Global Management Inc. New 0.06% +0.06
ICL Icl Group Ltd. New 0.05% +0.05
BA The Boeing Co. Add +26.3% 0.10% +0.05
EXE Expand Energy Corp. New 0.04% +0.04
ORCL Oracle Corp. Add +0.4% 0.20% +0.04
DOCU Docusign Inc. New 0.04% +0.04
FLEX Flex Ltd. New 0.03% +0.03
HPQ HP Inc. Add +0.4% 0.21% +0.03
IR Ingersoll-Rand Inc. New 0.03% +0.03
TIP iShares Tips Bond ETF Add +29.3% 0.07% +0.03
GEHC GE Healthcare Technology New 0.03% +0.03
TJX TJX Companies Inc. Add +1.4% 0.10% +0.03
ETR Entergy Corp. New 0.03% +0.03
TSCO Tractor Supply Company New 0.02% +0.02
TXN Texas Instruments Inc. Add +0.9% 0.13% +0.02
APH Amphenol Corp. Class A Add +2.9% 0.06% +0.02
BBWI Bath & Body Works Inc. New 0.02% +0.02
CAE Cae Inc. New 0.02% +0.02
CMG Chipotle Mexican Grill Inc. Add +3.4% 0.06% +0.02
KMI Kinder Morgan Inc. Add +3.5% 0.04% +0.02
BBY Best Buy Co. Inc. Add +0.4% 0.26% +0.02
VZ Verizon Communications Inc. Add +0.5% 0.13% +0.02
USB US Bancorp Add +2.1% 0.05% +0.01
AAL American Airlines Group Inc. Add +33.8% 0.02% +0.01
FE Firstenergy Corp. New 0.01% +0.01
OKE Oneok Inc. Add +3.3% 0.04% +0.01
GME Gamestop Corp. Class A Add +11.8% 0.03% +0.01
WELL Welltower Inc. Add +2.3% 0.06% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 15$1.2BAGG, VOO, NEAR, IVV, VXUS
Q1 2026 14$850.6MAGG, VOO, NEAR, VXUS, VCSH
Q4 2025 20$1.6BAGG, VOO, VEU, UITB, SPAB
Q3 2025 20$1.4BAGG, VOO, UITB, VEU, VXF
Q2 2025 19$962.6MAGG, UITB, VOO, VEU, VXF
Q1 2025 1,070$3.2BEMXC, AGG, VOO, UITB, AAPL
Q4 2024 390$3.1BAGG, VOO, AVGO, UITB, XOM
Q3 2024 380$3.9BAGG, IEMG, VOO, UITB, XOM
Q2 2024 452$3.9BAGG, IEMG, XOM, UITB, ABBV
Q1 2024 446$4.1BAGG, IEMG, XOM, AVGO, ABBV