United Services Automobile Association
- SEC CIK
- 0001021249
- Latest filing
- Aug 7, 2026
The latest 13F from United Services Automobile Association covers Q2 2026 (filed Aug 7, 2026): 15 long positions worth $1.24B. The top 10 holdings make up 98.1% of the portfolio, and the largest is iShares Core U.S. Aggregate Bond ETF at 82.0%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 1
- Est. +$20.5M
- Added
- 9
- Est. +$360.8M
- Reduced
- 3
- Est. −$3.43M
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core U.S. Aggregate Bond ETF46428722682.0%$1.02B
- Vanguard S&P 500 ETF9229083635.1%$63.7M
- iShares U S ETF Tr46431W5072.0%$24.8M
- iShares Core S&P 500 ETF4642872001.7%$20.5M
- Vanguard Star FDS9219097681.5%$18.9M
Share of portfolio
Top 5 holdings and the other 10 positions, by share of portfolio value
- iShares Core U.S. Aggregate Bond ETF82.0%
- Vanguard S&P 500 ETF5.1%
- iShares U S ETF Tr2.0%
- iShares Core S&P 500 ETF1.7%
- Vanguard Star FDS1.5%
- Other 10 positions7.7%
Biggest buys
New and added positions, by estimated amount bought
- iShares Core U.S. Aggregate Bond ETF464287226+$350.9MAdded
- iShares Core S&P 500 ETF464287200+$20.5MNew
- Vanguard Short-Term Bond ETF921937827+$5.83MAdded
- iShares S&P 500 Growth ETF464287309+$1.83MAdded
- Vanguard Total Bond Market ETF921937835+$863.8KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Core U.S. Aggregate Bond ETF464287226+3.50 pp78.5% → 82.0%
- iShares Core S&P 500 ETF464287200+1.65 pp0.0% → 1.7%
- iShares S&P 500 Growth ETF464287309+0.06 pp0.5% → 0.6%
- Vanguard Short-Term Bond ETF921937827+0.05 pp1.3% → 1.4%
- iShares S&P 500 Value ETF464287408+0.02 pp<0.1% → <0.1%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Star FDS921909768−$1.78MReduced
- Vanguard S&P 500 ETF922908363−$1.10MReduced
- Vanguard Index FDS922908652−$542.2KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard S&P 500 ETF922908363−1.49 pp6.6% → 5.1%
- Vanguard Star FDS921909768−0.67 pp2.2% → 1.5%
- Vanguard Index FDS922908652−0.26 pp1.2% → 1.0%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $1.24B
- +$389.2M (+45.8%) vs. prior quarter
- Positions
- 15
- +1 vs. prior quarter
- Top 10 concentration
- 98.1%
- Top 10 as share of value
- Turnover
- 0.3%
- Q2 2026, one quarter
- Average holding period
- 13.9 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.
13F filings by quarter
22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $5.94B (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 7, 2026 | 15 | $1.24B | iShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFiShares U S ETF Tr | vs. Q1 2026 | SEC |
| Q1 2026 | May 13, 2026 | 14 | $850.6M | iShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFiShares U S ETF Tr | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 4, 2026 | 20 | $1.58B | iShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFVanguard Ftse All-World Ex-US Index Fund | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 14, 2025 | 20 | $1.43B | iShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFVictory Portfolios II | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 15, 2025 | 19 | $962.6M | iShares Core U.S. Aggregate Bond ETFVictory Portfolios IIVanguard S&P 500 ETF | vs. Q1 2025 | SEC |
| Q1 2025 | May 16, 2025 | 1,070 | $3.25B | iShares InciShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 11, 2025 | 390 | $3.07B | iShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFAVGO | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 15, 2024 | 380 | $3.92B | iShares Core U.S. Aggregate Bond ETFiShares Core MSCI Emerging Markets ETFVanguard S&P 500 ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 7, 2024 | 452 | $3.95B | iShares Core U.S. Aggregate Bond ETFiShares Core MSCI Emerging Markets ETFXOM | vs. Q1 2024 | SEC |
| Q1 2024 | May 15, 2024 | 446 | $4.07B | iShares Core U.S. Aggregate Bond ETFiShares Core MSCI Emerging Markets ETFXOM | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 12, 2024 | 442 | $4.51B | iShares Core U.S. Aggregate Bond ETFiShares Core MSCI Emerging Markets ETFXOM | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 14, 2023 | 398 | $3.97B | iShares Core U.S. Aggregate Bond ETFiShares Core MSCI Emerging Markets ETFJNJ | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 15, 2023 | 344 | $3.49B | iShares Core U.S. Aggregate Bond ETFiShares Core MSCI Emerging Markets ETFJNJ | vs. Q1 2023 | SEC |
| Q1 2023 | May 15, 2023 | 327 | $3.11B | iShares Core MSCI Emerging Markets ETFJNJVictory Portfolios II | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 14, 2023 | 543 | $4.37B | iShares Core MSCI Emerging Markets ETFiShares Core U.S. Aggregate Bond ETFiShares Iboxx $ Investment Grade Corporate Bond ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 15, 2022 | 558 | $3.59B | iShares Core MSCI Emerging Markets ETFJNJVictory Portfolios II | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 16, 2022 | 553 | $3.83B | iShares Core MSCI Emerging Markets ETFJNJABBV | vs. Q1 2022 | SEC |
| Q1 2022 | May 13, 2022 | 119 | $5.37B | iShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 16, 2022 | 120 | $5.94B | iShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 125 | $5.72B | iShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 16, 2021 | 134 | $5.45B | iShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core MSCI Emerging Markets ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 14, 2021 | 159 | $5.49B | Vanguard Ftse Developed Markets ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETF | – | SEC |
13D and 13G filings
Companies where United Services Automobile Association reports owning 5% or more on Schedule 13D or 13G, and its latest filings.
Current stakes of 5% or more
United Services Automobile Association does not currently report owning 5% or more of any company.
Latest filings
2 filings on file made by United Services Automobile Association or listing it as a reporting person, newest first.