USAA

United Services Automobile Association Portfolio holdings

AUM $963M

1-Year Return 10.28%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

-0.17%

1 Year Return

+10.28%

3 Year Return

+41.96%

5 Year Return

+69.76%

10 Year Return

+170.46%

AUM

$37.1B

AUM Growth

+$659M (+1.8%)

Cap. Flow

+$1.02B

Cap. Flow % of AUM

2.74%

Top 10 Holdings % Top 10 Hldgs %

15.54%

Holding

2,317

New

862

Increased

848

Reduced

479

Closed

Top Buys

1	VictoryShares International Value Momentum ETF UIVM	+$113M
2	VictoryShares US Value Momentum ETF ULVM	+$84M
3	VictoryShares Emerging Markets Value Momentum ETF UEVM	+$83.8M
4	Victory Portfolios II VictoryShares Core Intermediate Bond ETF UITB	+$69.7M
5	Las Vegas Sands LVS	+$43M

Top Sells

1	XL XL Group Ltd. XL	+$93.6M
2	Apple AAPL	+$73.4M
3	Vanguard Short-Term Bond ETF BSV	+$69.2M
4	AbbVie ABBV	+$60.9M
5	Cisco CSCO	+$41.5M

Sector Composition

1	Technology	15.43%
2	Financials	11.44%
3	Healthcare	10.07%
4	Industrials	8.68%
5	Consumer Discretionary	8.36%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1901	ARGO 1901 DELISTED Argo Group International Holdings, Ltd. ARGO	$301K	﹤0.01%	+5,252	New	+$301K
1902	1902 NETGEAR NTGR $842M	$299K	﹤0.01%	+5,225	New	+$299K
1903	1903 Medifast MED $156M	$297K	﹤0.01%	+3,178	New	+$297K
1904	1904 Tenet Healthcare THC $16.5B	$296K	﹤0.01%	+12,189	New	+$296K
1905	CVA 1905 DELISTED Covanta Holding Corporation CVA	$295K	﹤0.01%	+20,330	New	+$295K
1906	1906 TriNet TNET $3.33B	$292K	﹤0.01%	+6,312	New	+$292K
1907	1907 KALA BIO KALA $135M	$291K	﹤0.01%	369 -10	-3%	-$7.89K
1908	1908 ServisFirst Bancshares SFBS $4.58B	$291K	﹤0.01%	+7,126	New	+$291K
1909	1909 American States Water AWR $2.79B	$290K	﹤0.01%	+5,470	New	+$290K
1910	1910 Renasant Corp RNST $3.64B	$290K	﹤0.01%	+6,817	New	+$290K
1911	PNK 1911 DELISTED Pinnacle Entertainment Inc. PNK	$290K	﹤0.01%	+9,632	New	+$290K
1912	1912 First Bancorp FBNC $2.25B	$288K	﹤0.01%	+8,082	New	+$288K
1913	1913 Red Rock Resorts RRR $3.63B	$288K	﹤0.01%	+9,836	New	+$288K
1914	TIVO 1914 DELISTED Tivo Inc TIVO	$288K	﹤0.01%	+21,252	New	+$288K
1915	1915 Pricesmart PSMT $3.6B	$287K	﹤0.01%	+3,440	New	+$287K
1916	1916 SiriusPoint SPNT $2.16B	$287K	﹤0.01%	+20,608	New	+$287K
1917	SYKE 1917 DELISTED SYKES Enterprises Inc SYKE	$287K	﹤0.01%	+9,933	New	+$287K
1918	1918 Herc Holdings HRI $4.29B	$286K	﹤0.01%	+4,409	New	+$286K
1919	1919 Moelis & Co MC $5.52B	$286K	﹤0.01%	+5,629	New	+$286K
1920	1920 RE/MAX Holdings RMAX $198M	$286K	﹤0.01%	+4,727	New	+$286K
1921	1921 Eagle Bancorp EGBN $622M	$284K	﹤0.01%	+4,741	New	+$284K
1922	RAD 1922 DELISTED Rite Aid Corporation RAD	$284K	﹤0.01%	+8,464	New	+$284K
1923	KRA 1923 DELISTED Kraton Corporation KRA	$284K	﹤0.01%	5,955 -9,256	-61%	-$441K
1924	SC 1924 DELISTED SANTANDER CONSUMER USA HOLDINGS INC SC	$283K	﹤0.01%	+17,383	New	+$283K
1925	ABAX 1925 DELISTED Abaxis Inc ABAX	$283K	﹤0.01%	+4,007	New	+$283K