United Services Automobile Association
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), United Services Automobile Association reported 20 stock positions worth $1.6 billion. Its top holding was iShares Core U.S. Aggregate (AGG) at 55.2% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 9.8%) and Vanguard Ftse All-World Ex-U (VEU, 7.9%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 8 and reduced 7. The biggest buy was a new position in SS SPDR P Agg Bond ETF (SPAB) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001021249
- Portfolio Value
- $1.6B (Q4 2025)
- SEC Filing
- 0001193125-26-036234 ↗ filed Feb 4, 2026
Holdings Value
Holdings 20 stocks · $1.6B
| AGG iShares Core U.S. Aggregate | 55.17% | 8,726,963 | $871.6M | Reduce -4.4% |
| VOO Vanguard S&P 500 ETF | 9.82% | 247,379 | $155.1M | Add +27.9% |
| VEU Vanguard Ftse All-World Ex-U | 7.87% | 1,690,359 | $124.3M | Add +53.6% |
| UITB Victoryshares Core Intermedi | 7.26% | 2,421,191 | $114.7M | No change |
| SPAB SS SPDR P Agg Bond ETF | 5.80% | 3,559,006 | $91.6M | New |
| VYM Vanguard High DVD Yield ETF | 3.05% | 336,132 | $48.2M | Add +57.9% |
| VXF Vanguard Extended Market ETF | 2.97% | 224,143 | $46.9M | Add +44.7% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.59% | 490,400 | $25.1M | No change |
| VXUS Vanguard Total Intl Stock | 1.01% | 211,964 | $16.0M | Add +6.9% |
| VCIT Vanguard Int-Term Corporate | 0.92% | 173,961 | $14.6M | Reduce -1.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.92% | 182,553 | $14.6M | Reduce -0.6% |
| VCLT Vanguard Long-Term Corp. Bond | 0.92% | 190,699 | $14.5M | Reduce -1.1% |
| BND Vanguard Total Bond Market | 0.91% | 193,850 | $14.4M | Add +5.7% |
| BSV Vanguard Short-Term Bond ETF | 0.71% | 143,018 | $11.3M | No change |
| IVW iShares S&P 500 Growth ETF | 0.47% | 59,749 | $7.4M | Reduce -4.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 13,014 | $4.4M | Reduce -9.1% |
| TIP iShares Tips Bond ETF | 0.19% | 26,956 | $3.0M | Add +0.0% |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 8,426 | $1.9M | Reduce -8.2% |
| RANI Rani Therapeutics Holdings Class A | 0.03% | 302,743 | $409K | No change |
| IVE iShares S&P 500 Value ETF | 0.01% | 757 | $161K | Add +469.2% |
Portfolio Sells Q3 2025 → Q4 2025
| AGG iShares Core U.S. Aggregate | Reduce -4.4% | 55.17% | −8.78 |
| TRUE Truecar Inc. | Sold out | 0.00% | −1.02 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -1.1% | 0.92% | −0.13 |
| VCIT Vanguard Int-Term Corporate | Reduce -1.3% | 0.92% | −0.11 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.6% | 0.92% | −0.10 |
| IVW iShares S&P 500 Growth ETF | Reduce -4.9% | 0.47% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -9.1% | 0.28% | −0.05 |
| VIG Vanguard Dividend Apprec ETF | Reduce -8.2% | 0.12% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| SPAB SS SPDR P Agg Bond ETF | New | 5.80% | +5.80 |
| VEU Vanguard Ftse All-World Ex-U | Add +53.6% | 7.87% | +2.38 |
| VOO Vanguard S&P 500 ETF | Add +27.9% | 9.82% | +1.54 |
| VYM Vanguard High DVD Yield ETF | Add +57.9% | 3.05% | +0.96 |
| VXF Vanguard Extended Market ETF | Add +44.7% | 2.97% | +0.70 |
| IVE iShares S&P 500 Value ETF | Add +469.2% | 0.01% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +6.9% | 1.01% | −0.01 |
| TIP iShares Tips Bond ETF | Add +0.0% | 0.19% | −0.02 |
| BND Vanguard Total Bond Market | Add +5.7% | 0.91% | −0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 15 | $1.2B | AGG, VOO, NEAR, IVV, VXUS |
| Q1 2026 | 14 | $850.6M | AGG, VOO, NEAR, VXUS, VCSH |
| Q4 2025 | 20 | $1.6B | AGG, VOO, VEU, UITB, SPAB |
| Q3 2025 | 20 | $1.4B | AGG, VOO, UITB, VEU, VXF |
| Q2 2025 | 19 | $962.6M | AGG, UITB, VOO, VEU, VXF |
| Q1 2025 | 1,070 | $3.2B | EMXC, AGG, VOO, UITB, AAPL |
| Q4 2024 | 390 | $3.1B | AGG, VOO, AVGO, UITB, XOM |
| Q3 2024 | 380 | $3.9B | AGG, IEMG, VOO, UITB, XOM |
| Q2 2024 | 452 | $3.9B | AGG, IEMG, XOM, UITB, ABBV |
| Q1 2024 | 446 | $4.1B | AGG, IEMG, XOM, AVGO, ABBV |