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
1926	TRVN 1926 DELISTED Trevena, Inc. TRVN	$282K	﹤0.01%	276 +4	+1%	+$4.09K
1927	1927 Towne Bank TOWN $2.8B	$281K	﹤0.01%	+9,809	New	+$281K
1928	AKRX 1928 DELISTED Akorn, Inc. AKRX	$281K	﹤0.01%	+15,016	New	+$281K
1929	1929 iRobot IRBT $124M	$280K	﹤0.01%	4,366 -72,143	-94%	-$4.63M
1930	1930 Boston Beer SAM $2.34B	$280K	﹤0.01%	+1,480	New	+$280K
1931	1931 Boise Cascade BCC $3.18B	$278K	﹤0.01%	+7,211	New	+$278K
1932	1932 Monro MNRO $538M	$278K	﹤0.01%	+5,194	New	+$278K
1933	MTGE 1933 DELISTED MTGE Investment Corp. Common Stock MTGE	$276K	﹤0.01%	+15,410	New	+$276K
1934	1934 Oceaneering OII $2.42B	$274K	﹤0.01%	+14,799	New	+$274K
1935	1935 Morningstar MORN $10.4B	$272K	﹤0.01%	+2,851	New	+$272K
1936	INVX 1936 Innovex International, Inc. INVX $1.14B	$271K	﹤0.01%	6,059 -2,111	-26%	-$94.4K
1937	MDC 1937 DELISTED M.D.C. Holdings, Inc. MDC	$271K	﹤0.01%	+11,309	New	+$271K
1938	1938 Mueller Water Products MWA $3.96B	$270K	﹤0.01%	+24,820	New	+$270K
1939	MANT 1939 DELISTED Mantech International Corp MANT	$270K	﹤0.01%	+4,875	New	+$270K
1940	1940 Premier PINC $2.19B	$269K	﹤0.01%	+8,583	New	+$269K
1941	1941 WesBanco WSBC $3.01B	$269K	﹤0.01%	+6,370	New	+$269K
1942	1942 LiveRamp RAMP $1.73B	$268K	﹤0.01%	11,802 -28,098	-70%	-$638K
1943	PAY 1943 DELISTED Verifone Systems Inc PAY	$268K	﹤0.01%	17,417 -346,810	-95%	-$5.34M
1944	1944 Artisan Partners APAM $3.18B	$267K	﹤0.01%	+8,027	New	+$267K
1945	1945 8x8 Inc EGHT $290M	$267K	﹤0.01%	+14,330	New	+$267K
1946	1946 Fox Factory Holding Corp FOXF $1.13B	$266K	﹤0.01%	+7,630	New	+$266K
1947	1947 Enpro NPO $4.66B	$266K	﹤0.01%	+3,440	New	+$266K
1948	1948 Heritage Financial HFWA $823M	$265K	﹤0.01%	+8,650	New	+$265K
1949	1949 Insmed INSM $30.3B	$265K	﹤0.01%	+11,760	New	+$265K
1950	1950 Kadant KAI $3.7B	$265K	﹤0.01%	+2,804	New	+$265K