Institutional Manager · CIK 0001727336

First Command Advisory Services, Inc.

FORT WORTH, TX · File #028-18603

Latest AUM

$14.35B

Positions

795

Top-10 Concentration

87.4%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	iShares Core S&P Mid Cap ETF	464287507	-15,358,373	-$1.01B	+$11.4M
REDUCE	Ishares Core Msci International Developed Mkt ETF	46435G326	-1,340,206	-$110.5M	+$3.1M
ADD	Invesco S&P 500 Quality ETF	IVZ	+1,460,806	+$109.6M	+$283
REDUCE	iShares Core Total Usd Bond Market ETF	46434V613	-2,210,432	-$102.9M	-$377,092
ADD	iShares Core S&P 500 ETF	464287200	+71,557	+$49.0M	+$144.3M
ADD	SPDR Portfolio Short Term Corp Bd ETF	78464A474	+975,052	+$29.4M	-$122
ADD	iShares Broad USD High Yield Corporate Bond ETF	46435U853	+708,696	+$26.5M	-$359
ADD	SPDR S&P Global Natural Resources ETF	78463X541	+278,622	+$17.3M	+$1.8M
ADD	iShares Russell Midcap Growth ETF	464287481	+123,772	+$16.9M	-$1.2M
REDUCE	Invesco NASDAQ 100 ETF	IVZ	-29,099	-$7.4M	+$27.7M

Sector Allocation

Financials

19.1%$2.74B

Technology

0.3%$39.9M

Industrials

0.1%$19.7M

Consumer Discretionary

0.1%$12.2M

Healthcare

0.1%$11.3M

Energy

0.1%$10.0M

Consumer Staples

0.1%$7.4M

Communication Services

0.0%$3.6M

Utilities

0.0%$2.9M

Materials

0.0%$717,111

Real Estate

0.0%$260,046

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 2025795 pos · $14.35B
Oct 31, 202513F HOLDINGS REPORTQ/E Sep 2025643 pos · $13.80B
Aug 1, 202513F HOLDINGS REPORTQ/E Jun 2025622 pos · $11.62B
May 2, 202513F HOLDINGS REPORTQ/E Mar 2025637 pos · $10.44B
Feb 5, 202513F HOLDINGS REPORTQ/E Dec 2024450 pos · $10.55B
Oct 25, 202413F HOLDINGS REPORTQ/E Sep 2024469 pos · $10.36B
Jul 26, 202413F HOLDINGS REPORTQ/E Jun 2024514 pos · $9.64B
May 2, 202413F HOLDINGS REPORTQ/E Mar 2024629 pos · $9.54B
Nov 8, 202313F HOLDINGS REPORTQ/E Dec 2023468 pos · $7.60B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	iShares Core S&P 500 ETF	464287200	9,298,304	$6.37B	44.83%
2	iShares U.S. Equity Factor Rotation Active ETF	BLK	22,563,072	$1.37B	9.66%
3	Invesco NASDAQ 100 ETF	IVZ	4,747,672	$1.20B	8.45%
4	iShares Core S&P Mid-Cap ETF	464287507	15,588,680	$1.03B	7.24%
5	iShares Core S&P Small-Cap ETF	464287804	6,469,879	$777.5M	5.47%
6	iShares Russell Mid-Cap Growth ETF	464287481	3,490,795	$478.0M	3.36%
7	iShares MSCI Japan ETF	46434G822	4,993,457	$403.2M	2.84%
8	SPDR S&P Global Natural Resources ETF	78463X541	4,482,380	$278.5M	1.96%
9	State Street SPDR Port S&P 500 ETF	78464A854	3,465,998	$278.0M	1.96%
10	iShares Core MSCI EAFE ETF	46432F842	2,613,675	$233.8M	1.65%
11	Vanguard Mid-Cap ETF	922908629	567,215	$164.6M	1.16%
12	iShares Core MSCI Intl Dev Mkts ETF	46435G326	1,627,546	$134.2M	0.94%
13	iShares Core Universal USD Bond ETF	46434V613	2,694,268	$125.4M	0.88%
14	Dimensional Emerging Markets ex-China Core Equity ETF	25434V534	1,832,713	$110.9M	0.78%
15	Invesco S&P 500 Quality ETF	IVZ	1,460,967	$109.6M	0.77%
16	iShares Core Dividend Growth ETF	46434V621	1,513,906	$105.1M	0.74%
17	SPDR Portfolio S&P 400 Mid Cap ETF	78464A847	1,589,203	$92.0M	0.65%
18	iShares Gold Trust ETF	IAU	1,100,749	$89.3M	0.63%
19	Dimensional U S Small Cap ETF	25434V500	1,130,069	$78.7M	0.55%
20	SPDR Portfolio S&P 500 Growth ETF	78464A409	722,548	$77.1M	0.54%