United Services Automobile Association

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), United Services Automobile Association reported 20 stock positions worth $1.4 billion. Its top holding was iShares Core U.S. Aggregate (AGG) at 64.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 8.3%) and Victoryshares Core Intermedi (UITB, 8.0%). Compared with Q2 2025, it opened 1 new position, added to 8 and reduced 7. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +82%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −3%).

Most Recent 13F
Q2 2026
Location
SAN ANTONIO, TX
CIK
0001021249
Portfolio Value
$1.4B (Q3 2025)
SEC Filing
0001193125-25-281214 ↗ filed Nov 14, 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 Q4 2024 Q1 2025: $3.2B Q1 2025 Q2 2025: $962.6M Q2 2025 Q3 2025: $1.4B $1.4B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $850.6M Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 20 stocks · $1.4B

AGG iShares Core U.S. Aggregate 63.95% 9,126,963 $915.0M Add +81.7%
VOO Vanguard S&P 500 ETF 8.28% 193,459 $118.5M Reduce -3.1%
UITB Victoryshares Core Intermedi 8.04% 2,421,191 $115.1M No change
VEU Vanguard Ftse All-World Ex-U 5.49% 1,100,299 $78.5M Reduce -6.1%
VXF Vanguard Extended Market ETF 2.27% 154,921 $32.4M Add +3.9%
VYM Vanguard High DVD Yield ETF 2.10% 212,854 $30.0M Reduce -1.3%
NEAR iShares SH Dba ETF Usd Inc. 1.76% 490,400 $25.1M New
VCLT Vanguard Long-Term Corp. Bond 1.05% 192,843 $15.0M Add +1.8%
VCIT Vanguard Int-Term Corporate 1.04% 176,225 $14.8M Reduce -1.2%
VCSH Vanguard S/T Corp. Bond ETF 1.03% 183,685 $14.7M Reduce -17.1%
TRUE Truecar Inc. 1.02% 7,962,245 $14.7M No change
VXUS Vanguard Total Intl Stock 1.02% 198,326 $14.6M Add +10.1%
BND Vanguard Total Bond Market 0.95% 183,490 $13.6M Add +41.7%
BSV Vanguard Short-Term Bond ETF 0.79% 143,018 $11.3M Add +758.4%
IVW iShares S&P 500 Growth ETF 0.53% 62,798 $7.6M Add +33.1%
VTI VG Morningstar TS MKT ETF-US 0.33% 14,323 $4.7M Reduce -17.3%
TIP iShares Tips Bond ETF 0.21% 26,955 $3.0M Add +11.3%
VIG Vanguard Dividend Apprec ETF 0.14% 9,177 $2.0M Reduce -15.6%
RANI Rani Therapeutics Holdings Class A 0.01% 302,743 $151K No change
IVE iShares S&P 500 Value ETF 0.00% 133 $27K No change

Portfolio Sells Q2 2025 → Q3 2025

VOO Vanguard S&P 500 ETF Reduce -3.1% 8.28% −3.50
VEU Vanguard Ftse All-World Ex-U Reduce -6.1% 5.49% −2.69
VYM Vanguard High DVD Yield ETF Reduce -1.3% 2.10% −0.89
VCSH Vanguard S/T Corp. Bond ETF Reduce -17.1% 1.03% −0.80
VCIT Vanguard Int-Term Corporate Reduce -1.2% 1.04% −0.50
VTI VG Morningstar TS MKT ETF-US Reduce -17.3% 0.33% −0.22
VIG Vanguard Dividend Apprec ETF Reduce -15.6% 0.14% −0.09

Portfolio Buys Q2 2025 → Q3 2025

AGG iShares Core U.S. Aggregate Add +81.7% 63.95% +12.19
NEAR iShares SH Dba ETF Usd Inc. New 1.76% +1.76
BSV Vanguard Short-Term Bond ETF Add +758.4% 0.79% +0.65
IVW iShares S&P 500 Growth ETF Add +33.1% 0.53% −0.01
BND Vanguard Total Bond Market Add +41.7% 0.95% −0.04
TIP iShares Tips Bond ETF Add +11.3% 0.21% −0.07
VXUS Vanguard Total Intl Stock Add +10.1% 1.02% −0.28
VCLT Vanguard Long-Term Corp. Bond Add +1.8% 1.05% −0.45
VXF Vanguard Extended Market ETF Add +3.9% 2.27% −0.72

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