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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 (2016Q3)
Portfolio Summary: 1,299 holdings with a total value of $29,512,254,000.
#
Name
Shares
Value ($)
%
Options
Notes
1251 COCA COLA CO 3,225,049 136,484,000 0.46%
1252 ALIBABA GROUP HLDG LTD 1,296,504 137,157,000 0.46%
1253 HONEYWELL INTL INC 1,179,723 137,542,000 0.47%
1254 VANGUARD SCOTTSDALE FDS 1,758,699 141,663,000 0.48%
1255 ISHARES INC 3,108,176 141,764,000 0.48%
1256 UNITED PARCEL SERVICE INC 1,296,663 141,803,000 0.48%
1257 PEPSICO INC 1,341,038 145,865,000 0.49%
1258 PHILIP MORRIS INTL INC 1,516,530 147,437,000 0.50%
1259 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 1,706,040 148,869,000 0.50%
1260 BANK AMER CORP 9,519,672 148,983,000 0.50%
1261 TEXAS INSTRS INC 2,175,203 152,656,000 0.52%
1262 HOME DEPOT INC 1,192,170 153,408,000 0.52%
1263 ABBVIE INC 2,452,535 154,681,000 0.52%
1264 UNITEDHEALTH GROUP INC 1,131,543 158,416,000 0.54%
1265 AMGEN INC 969,037 161,645,000 0.55%
1266 VANGUARD BD INDEX FDS 1,931,761 162,538,000 0.55%
1267 OCCIDENTAL PETE CORP DEL 2,334,195 170,210,000 0.58%
1268 CHEVRON CORP NEW 1,685,990 173,522,000 0.59%
1269 SCHWAB STRATEGIC TRUST SCHWAB FUNDAMENTAL INTL 7,071,748 178,279,000 0.60%
1270 AT&T INC 4,597,810 186,717,000 0.63%
1271 VANGUARD BD INDEX FDS 2,363,139 190,942,000 0.65%
1272 MEDTRONIC PLC 2,233,542 192,978,000 0.65%
1273 GOLDMAN SACHS ETF TR 4,725,110 205,873,000 0.70%
1274 VERIZON COMMUNICATIONS INC 3,984,235 207,101,000 0.70%
1275 EXXON MOBIL CORP 2,420,663 211,275,000 0.72%
1276 ALPHABET INC 274,393 213,283,000 0.72%
1277 INTEL CORP 5,936,220 224,092,000 0.76%
1278 JPMORGAN CHASE & CO 3,438,637 228,979,000 0.78%
1279 GENERAL ELECTRIC CO 7,739,972 229,258,000 0.78%
1280 MERCK & CO INC 3,772,373 235,434,000 0.80%
1281 VANGUARD INDEX FDS 1,197,765 237,984,000 0.81%
1282 PFIZER INC 7,060,127 239,127,000 0.81%
1283 ORACLE CORP 6,113,378 240,134,000 0.81%
1284 QUALCOMM INC 3,622,894 248,168,000 0.84%
1285 ISHARES TR 2,080,065 256,222,000 0.87%
1286 ISHARES RUSSELL 1000 ETF 2,129,188 256,482,000 0.87%
1287 PROCTER AND GAMBLE CO 2,891,924 259,550,000 0.88%
1288 ISHARES TR 2,214,885 259,607,000 0.88%
1289 VISA INC 3,334,233 275,741,000 0.93%
1290 JOHNSON & JOHNSON 2,561,953 302,644,000 1.03%
1291 VANGUARD TAX-MANAGED FDS 8,278,725 309,707,000 1.05%
1292 CISCO SYS INC 10,168,579 322,547,000 1.09%
1293 ALPHABET INC 433,864 348,853,000 1.18%
1294 VANGUARD INTL EQUITY INDEX F 9,647,336 363,029,000 1.23%
1295 FACEBOOK INC 2,942,726 377,463,000 1.28%
1296 ISHARES TR 7,264,372 400,557,000 1.36%
1297 AMAZON COM INC 532,607 445,957,000 1.51%
1298 MICROSOFT CORP 8,145,107 469,158,000 1.59%
1299 APPLE INC 4,627,126 523,097,000 1.77%
Page 26 of 26

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-16-022104, filed 2016.11.14).

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.