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Institutional Investment Manager
UNITED SERVICES AUTOMOBILE ASSOCIATION
UNITED SERVICES AUTOMOBILE ASSOCIATION (CIK: 0001021249) incorporated in Texas, located at 9800 Fredericksburg Rd, San Antonio, TX. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q3)
Portfolio Summary: 1,268 holdings with a total value of $26,761,141,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 PEOPLES UNITED FINANCIAL INC 2,834,538 44,587,000 0.17%
152 MORGAN STANLEY 1,404,053 44,228,000 0.17%
153 UNITED CONTL HLDGS INC 831,089 44,089,000 0.16%
154 CIGNA CORPORATION 324,394 43,800,000 0.16%
155 CMS ENERGY CORP 1,239,749 43,788,000 0.16%
156 VANGUARD INDEX FDS 449,100 43,495,000 0.16%
157 INTERCONTINENTAL EXCHANGE IN 184,685 43,399,000 0.16%
158 KINDER MORGAN INC DEL 1,561,256 43,216,000 0.16%
159 COLGATE PALMOLIVE CO 680,974 43,215,000 0.16%
160 EXPEDITORS INTL WASH INC 900,243 42,356,000 0.16%
161 FREEPORT-MCMORAN INC 4,326,731 41,926,000 0.16%
162 FIFTH THIRD BANCORP 2,203,730 41,673,000 0.16%
163 O REILLY AUTOMOTIVE INC NEW 165,923 41,481,000 0.16%
164 POWERSHARES DB CMDTY IDX TRA 2,722,800 41,250,000 0.15%
165 WELLTOWER INC 607,667 41,151,000 0.15%
166 SEI INVESTMENTS CO 852,906 41,136,000 0.15%
167 GOLDMAN SACHS GROUP INC 236,367 41,071,000 0.15%
168 EXPRESS SCRIPTS HLDG CO 502,533 40,685,000 0.15%
169 INTERNATIONAL BUSINESS MACHS 275,640 39,960,000 0.15%
170 ZIMMER BIOMET HLDGS INC 418,161 39,278,000 0.15%
171 JUNIPER NETWORKS 1,521,260 39,112,000 0.15%
172 CANADIAN PAC RY LTD 269,482 38,690,000 0.14%
173 SANOFI 814,179 38,649,000 0.14%
174 WISDOMTREE TR 788,600 38,373,000 0.14%
175 MONDELEZ INTL INC 912,970 38,226,000 0.14%
176 VANGUARD SCOTTSDALE FDS 447,877 38,213,000 0.14%
177 UNION PAC CORP 429,665 37,987,000 0.14%
178 VANGUARD SCOTTSDALE FDS 441,329 37,919,000 0.14%
179 EDISON INTL 598,094 37,722,000 0.14%
180 HSBC HLDGS PLC 985,478 37,330,000 0.14%
181 LILLY ELI & CO 442,520 37,035,000 0.14%
182 BLOCK H & R INC 1,019,533 36,907,000 0.14%
183 CRH PLC 1,388,003 36,838,000 0.14%
184 PHILLIPS 66 474,277 36,443,000 0.14%
185 VANGUARD INDEX FDS 367,279 36,258,000 0.14%
186 WISDOMTREE TR 653,800 35,730,000 0.13%
187 WEC ENERGY GROUP INC 680,296 35,525,000 0.13%
188 AVAGO TECHNOLOGIES LTD SHS 283,048 35,384,000 0.13%
189 BLACKROCK INC 117,997 35,101,000 0.13%
190 EMERSON ELEC CO 787,161 34,769,000 0.13%
191 WISDOMTREE TR 1,732,847 34,518,000 0.13%
192 ISHARES TR 550,700 34,358,000 0.13%
193 SOUTHERN CO 764,473 34,172,000 0.13%
194 VANGUARD BD INDEX FDS 412,397 33,779,000 0.13%
195 ST JUDE MED INC 534,850 33,744,000 0.13%
196 LYONDELLBASELL INDUSTRIES N 403,210 33,612,000 0.13%
197 BROADCOM CORP CL A 652,584 33,562,000 0.13%
198 ROSS STORES INC 690,276 33,458,000 0.13%
199 VANGUARD INDEX FDS 406,786 33,194,000 0.12%
200 ALLIANCE DATA SYSTEMS CORP 128,009 33,152,000 0.12%
Page 4 of 26

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-15-040655, filed 2015.11.12).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.