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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 (2017Q1)
Portfolio Summary: 1,309 holdings with a total value of $31,687,392,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 APPLE INC 4,594,675 660,071,000 2.08%
2 MICROSOFT CORP 8,548,495 563,004,000 1.78%
3 AMAZON COM INC 498,168 441,645,000 1.39%
4 ISHARES TR 7,161,566 415,013,000 1.31%
5 FACEBOOK INC 2,818,025 400,300,000 1.26%
6 VANGUARD INTL EQUITY INDEX F 9,541,926 379,005,000 1.20%
7 VANGUARD TAX-MANAGED FDS 9,213,893 362,106,000 1.14%
8 CISCO SYS INC 10,110,074 341,721,000 1.08%
9 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 3,770,480 330,973,000 1.04%
10 VANGUARD INDEX FDS 1,520,058 328,865,000 1.04%
11 JOHNSON & JOHNSON 2,495,412 310,804,000 0.98%
12 ALPHABET INC 360,978 306,037,000 0.97%
13 JPMORGAN CHASE & CO 3,363,572 295,456,000 0.93%
14 VISA INC 3,240,436 287,978,000 0.91%
15 ORACLE CORP 6,328,242 282,303,000 0.89%
16 ISHARES TR 2,029,548 279,022,000 0.88%
17 ISHARES RUSSELL 1000 ETF 2,002,599 262,841,000 0.83%
18 PROCTER AND GAMBLE CO 2,760,430 248,025,000 0.78%
19 VANGUARD SCOTTSDALE FDS 2,955,496 235,671,000 0.74%
20 MERCK & CO INC 3,688,910 234,393,000 0.74%
21 ALPHABET INC 281,625 233,625,000 0.74%
22 SCHWAB STRATEGIC TRUST SCHWAB FUNDAMENTAL INTL 8,528,748 228,570,000 0.72%
23 BANK AMER CORP 9,586,447 226,144,000 0.71%
24 GOLDMAN SACHS ETF TR 4,725,110 221,041,000 0.70%
25 VANGUARD BD INDEX FDS 2,743,339 218,699,000 0.69%
26 PFIZER INC 6,367,778 217,842,000 0.69%
27 QUALCOMM INC 3,701,630 212,251,000 0.67%
28 GENERAL ELECTRIC CO 6,988,299 208,251,000 0.66%
29 MEDTRONIC PLC 2,555,897 205,903,000 0.65%
30 ISHARES INC 3,983,529 190,373,000 0.60%
31 AT&T INC 4,577,450 190,193,000 0.60%
32 TRUECAR INC 12,175,333 188,231,000 0.59%
33 EXXON MOBIL CORP 2,241,655 183,838,000 0.58%
34 HOME DEPOT INC 1,211,509 177,886,000 0.56%
35 UNITEDHEALTH GROUP INC 1,074,815 176,280,000 0.56%
36 VANGUARD INDEX FDS 1,177,837 164,002,000 0.52%
37 PHILIP MORRIS INTL INC 1,448,808 163,570,000 0.52%
38 VERIZON COMMUNICATIONS INC 3,352,652 163,442,000 0.52%
39 OCCIDENTAL PETE CORP DEL 2,567,235 162,660,000 0.51%
40 VANGUARD SCOTTSDALE FDS 1,851,429 159,926,000 0.50%
41 TEXAS INSTRS INC 1,965,658 158,353,000 0.50%
42 ABBVIE INC 2,422,953 157,880,000 0.50%
43 WELLS FARGO & CO NEW 2,801,215 155,916,000 0.49%
44 ISHARES TR 2,327,240 153,598,000 0.48%
45 INTEL CORP 4,241,871 153,004,000 0.48%
46 PEPSICO INC 1,356,763 151,768,000 0.48%
47 POWERSHARES ETF TRUST 1,429,130 146,443,000 0.46%
48 CHEVRON CORP NEW 1,357,753 145,782,000 0.46%
49 ALIBABA GROUP HLDG LTD 1,350,138 145,585,000 0.46%
50 VANGUARD BD INDEX FDS 1,764,983 143,105,000 0.45%
Page 1 of 27

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-17-004480, filed 2017.05.11).

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.