First Command Advisory Services, Inc.

Momentum followerConcentrated strategyLong-term holder

Total reported value

$14.8B

Reporting period: 2026-03-31 · Number of holdings: 1332

First Command Advisory Services, Inc. disclosed 1332 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $14.8B and a quarterly turnover rate of 14.7%.

Personality snowflake

Concentration: 72.08
Portfolio Stability: 14.65
Momentum/Contrarian: 100
Sector conviction: 42.08
Diversification: 100
Sizing Uniformity: 0

Recent moves

Trim IVV
-6.1%　-$664.3M
Add DYNF
+29.1%　$323.5M
Trim QQQM
+0.4%　-$68.6M
Add GNR
-1.5%　$61.3M
Trim EWJ
-11.7%　-$30.9M
Add SPYM
+22.5%　$47.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 1152 holdings (of 1332 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	38.42%	-5.97%	-6.08%
2	DYNF	Ishrs US E F R A Etf-usd INC	ETF-Other	11.45%	+1.86%	+29.08%
3	QQQM	Invesco Nasdaq 100 ETF	ETF-Tech	7.63%	-0.75%	+0.35%
4	IJH	Ishares Core S&p Midcap ETF	ETF-Other	7.19%	-0.02%	+0.82%
5	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	5.45%	+0.03%	+0.67%
6	DFAI	Dimensional International Co	ETF-Other	3.91%	+3.91%	NEW
7	IWP	Ishares Russell Mid-cap Grow	ETF-Other	3.41%	-0.25%	+2.91%
8	GNR	State Street Spdr S&p Global	ETF-Other	2.66%	+0.34%	-1.45%
9	EWJ	Ishares Msci Japan ETF	ETF-Other	2.51%	-0.30%	-11.72%
10	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	2.19%	+0.25%	+22.49%
11	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	1.59%	-0.04%	-0.25%
12	VO	Vanguard Mid-cap ETF	ETF-Other	1.09%	-0.06%	-0.99%
13	IUSB	Ishr Cr Unvrse Usd Bd Etf-ui	ETF-Other	0.97%	+0.10%	+15.30%
14	IDEV	Ishares Core Msci Dev Mkts	ETF-Other	0.94%	—	+2.31%
15	DEXC	Dimensional Em Ex Cce ETF	ETF-Other	0.77%	—	-3.20%
16	SPMD	Ss Spdr P S&p 400 Midcap ETF	ETF-Other	0.73%	+0.09%	+14.91%
17	SPHQ	Invesco S&p 500 Quality ETF	ETF-Large Cap & Growth	0.73%	-0.03%	-1.97%
18	DGRO	Ishares Core Dividend Growth	ETF-Other	0.72%	-0.01%	+0.42%
19	AVES	Avantis Emerging Markets Val	ETF-Emerging Markets	0.72%	+0.72%	NEW
20	IAU	Ishares Gold Trust	ETF-Commodities	0.61%	-0.01%	-6.47%
21	DFAS	Dimensional US Small Cap ETF	ETF-Small Cap	0.52%	-0.03%	-3.35%
22	SPYG	Ss Spdr P S&p 500 Growth ETF	ETF-Large Cap & Growth	0.47%	-0.07%	-1.15%
23	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	0.44%	+0.22%	+97.22%
24	VGSH	Vanguard Short-term Treasury	ETF-Gov Bonds	0.43%	-0.03%	-2.57%
25	VB	Vanguard Small-cap ETF	ETF-Other	0.34%	—	-2.21%
26	VNQ	Vanguard Real Estate ETF	ETF-Other	0.34%	-0.03%	-5.06%
27	SPYD	Ss Spdr P S&p 500 Hi Div ETF	ETF-Large Cap & Growth	0.27%	—	-3.68%
28	SCHD	Schwab US Dvd Equity ETF	ETF-Other	0.24%	+0.02%	+1.84%
29	SPSM	Ss Spdr P S&p 600 Small Cap	ETF-Small Cap	0.24%	+0.03%	+13.67%
30	SPSB	Ss Spdr P St C CORP ETF	ETF-Other	0.23%	+0.02%	+14.93%
31	USHY	Ishares Broad Usd High Yield	ETF-High Yield	0.20%	+0.02%	+15.14%
32	DFAT	Dimensional US Target Value	ETF-Other	0.20%	—	-1.21%
33	EMB	Ishares Jp Morgan Usd Emergi	ETF-Other	0.17%	+0.01%	+14.76%
34	DFIV	Dimensional International Va	ETF-Other	0.17%	—	+0.71%
35	INTF	Ishares International Equity	ETF-Other	0.15%	-0.03%	-16.42%
36	OMFS	Invesco Rsl 2000 Dyn Mltfctr	ETF-Other	0.14%	—	-0.72%
37	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.14%	-0.01%	+2.63%
38	TBLL	Invesco Short Term Treasury	ETF-Gov Bonds	0.11%	+0.01%	+6.38%
39	AAPL	Apple INC	Stock-Tech	0.08%	-0.01%	-0.32%
40	MSFT	Microsoft CORP	Stock-Tech	0.06%	-0.02%	+2.75%
41	IXUS	Ishares Core Intl Stock ETF	ETF-Other	0.05%	—	+18.89%
42	XOM	Exxon Mobil CORP	Stock-Energy	0.05%	+0.01%	-4.28%
43	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.04%	—	+0.80%
44	GSLC	Goldman Activebeta US Lc ETF	ETF-Commodities	0.04%	-0.01%	-6.59%
45	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.04%	+0.02%	+73.90%
46	NVDA	Nvidia CORP	Stock-Tech	0.04%	—	+2.72%
47	AMZN	Amazon.com INC	Stock-Consumer Disc	0.04%	—	+2.47%
48	CVX	Chevron CORP	Stock-Energy	0.03%	—	+0.64%
49	NOC	Northrop Grumman CORP	Stock-Industrials	0.03%	+0.01%	-0.93%
50	JPM	Jpmorgan Chase & Co	Stock-Financials	0.02%	—	+3.85%

1–50 of 1,152

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	1332	$14.8B	15	1IVV 2DYNF 3QQQM Top holdings2026-03-31 1.IVV 2.DYNF 3.QQQM 4.IJH 5.IJR 6.DFAI 7.IWP 8.GNR 9.EWJ 10.SPYM
2025-12-31	795	$14.3B	4	1IVV 2DYNF 3QQQM Top holdings2025-12-31 1.IVV 2.DYNF 3.QQQM 4.IJH 5.IJR 6.IWP 7.EWJ 8.GNR 9.SPYM 10.IEFA
2025-09-30	643	$13.8B	30	1IVV 2DYNF 3QQQM Top holdings2025-09-30 1.IVV 2.DYNF 3.QQQM 4.IJH 5.IJR 6.IWP 7.EWJ 8.GNR 9.IEFA 10.SPYM
2025-06-30	622	$11.6B	0	1IVV 2QQQM 3IJR Top holdings2025-06-30 1.IVV 2.QQQM 3.IJR 4.IJH 5.EWJ 6.IEFA 7.VO 8.SPYM 9.SPHQ 10.DEXC
2025-03-31	637	$10.4B	100	1IVV 2IJR 3IJH Top holdings2025-03-31 1.IVV 2.IJR 3.IJH 4.QQQM 5.EWJ 6.IEFA 7.VO 8.SPHQ 9.DGRO 10.SPYM
2024-12-31	450	$10.5B	0	1IVV 2QQQM 3IJR Top holdings2024-12-31 1.IVV 2.QQQM 3.IJR 4.SPHQ 5.IJH 6.EWJ 7.IEFA 8.VO 9.DGRO 10.IUSB
2024-09-30	469	$10.4B	0	1IVV 2IJR 3QQQM Top holdings2024-09-30 1.IVV 2.IJR 3.QQQM 4.SPHQ 5.IJH 6.EWJ 7.IEFA 8.VO 9.DGRO 10.SPYG
2024-06-30	514	$9.6B	0	1IVV 2QQQM 3IJR Top holdings2024-06-30 1.IVV 2.QQQM 3.IJR 4.SPHQ 5.IJH 6.EWJ 7.IEFA 8.SPYG 9.VO 10.DGRO
2024-03-31	629	$9.5B	0	1IVV 2IJR 3QQQM Top holdings2024-03-31 1.IVV 2.IJR 3.QQQM 4.SPHQ 5.IJH 6.EWJ 7.IEFA 8.VO 9.SPYG 10.DGRO
2023-12-31	477	$8.5B	0	1IVV 2IJR 3QQQM Top holdings2023-12-31 1.IVV 2.IJR 3.QQQM 4.SPHQ 5.IJH 6.IEFA 7.VO 8.SPYG 9.DGRO 10.SPYD
2023-09-30	468	$7.6B	0	1IVV 2IJR 3QQQM Top holdings2023-09-30 1.IVV 2.IJR 3.QQQM 4.SPHQ 5.IJH 6.IEFA 7.VO 8.SPYG 9.DGRO 10.SPYD
2023-06-30	89	$6.2B	0	1IVV 2QQQM 3IJR Top holdings2023-06-30 1.IVV 2.QQQM 3.IJR 4.SPHQ 5.IJH 6.SPYG 7.SPYV 8.SCHD 9.INTF 10.DGRO
2023-03-31	132	$5.9B	0	1IVV 2SPYG 3IJR Top holdings2023-03-31 1.IVV 2.SPYG 3.IJR 4.SPHQ 5.IJH 6.SPYD 7.SCHD 8.INTF 9.DGRO 10.GSLC
2022-12-31	196	$6.4B	0	1IVV 2DGRO 3IJR Top holdings2022-12-31 1.IVV 2.DGRO 3.IJR 4.SPYD 5.SPYG 6.IJH 7.SCHD 8.INTF 9.GEM 10.GSLC
2022-09-30	106	$5.9B	0	1IVV 2DGRO 3SPYD Top holdings2022-09-30 1.IVV 2.DGRO 3.SPYD 4.IJR 5.GSLC 6.IJH 7.SCHD 8.INTF 9.GEM 10.IJJ
2022-06-30	106	$6.3B	0	1IVV 2DGRO 3SPYD Top holdings2022-06-30 1.IVV 2.DGRO 3.SPYD 4.IJR 5.GSLC 6.IJH 7.SCHD 8.INTF 9.GEM 10.VLUE
2022-03-31	79	$6.7B	0	1DGRO 2IVV 3GSLC Top holdings2022-03-31 1.DGRO 2.IVV 3.GSLC 4.IJR 5.VLUE 6.IJH 7.SCHD 8.INTF 9.GEM 10.IJJ
2021-12-31	100	$7.9B	0	1DGRO 2IVV 3GSLC Top holdings2021-12-31 1.DGRO 2.IVV 3.GSLC 4.IJR 5.IJJ 6.VLUE 7.IJH 8.SCHD 9.INTF 10.GEM
2021-09-30	156	$7.5B	0	1IVV 2DGRO 3GSLC Top holdings2021-09-30 1.IVV 2.DGRO 3.GSLC 4.IJR 5.IJJ 6.VLUE 7.IJH 8.SCHD 9.INTF 10.GEM
2021-06-30	67	$7.5B	100	1IVV 2DGRO 3GSLC Top holdings2021-06-30 1.IVV 2.DGRO 3.GSLC 4.IJR 5.IJJ 6.VLUE 7.IJH 8.SCHD 9.INTF 10.GEM
2021-03-31	55	$6.9B	29	1IVV 2DGRO 3GSLC Top holdings2021-03-31 1.IVV 2.DGRO 3.GSLC 4.IJR 5.IJJ 6.IJH 7.SCHD 8.INTF 9.GEM 10.FNDA
2020-12-31	52	$6.0B	16	1IVV 2GSLC 3DGRO Top holdings2020-12-31 1.IVV 2.GSLC 3.DGRO 4.IJR 5.IJH 6.SCHD 7.INTF 8.GEM 9.FNDA 10.REET
2020-09-30	66	$5.1B	9	1IVV 2GSLC 3DGRO Top holdings2020-09-30 1.IVV 2.GSLC 3.DGRO 4.IJR 5.IJH 6.SCHD 7.INTF 8.GEM 9.ON 10.FDX
2020-06-30	40	$4.9B	41	1IVV 2GSLC 3DGRO Top holdings2020-06-30 1.IVV 2.GSLC 3.DGRO 4.IJR 5.IJH 6.GEM 7.SCHD 8.INTF 9.FNDA 10.REET
2020-03-31	20	$3.2B	24	1IVV 2GSLC 3IJR Top holdings2020-03-31 1.IVV 2.GSLC 3.IJR 4.IJH 5.GEM 6.SCHD 7.DGRO 8.INTF 9.FNDA 10.REET
2019-12-31	22	$3.5B	8	1IVV 2IJR 3GSLC Top holdings2019-12-31 1.IVV 2.IJR 3.GSLC 4.IJH 5.GEM 6.SCHD 7.DGRO 8.INTF 9.FNDA 10.REET
2019-09-30	27	$3.2B	13	1IVV 2IJR 3GSLC Top holdings2019-09-30 1.IVV 2.IJR 3.GSLC 4.IJH 5.GEM 6.SCHD 7.DGRO 8.INTF 9.FNDA 10.REET
2019-06-30	54	$3.1B	36	1IVV 2IJR 3GSLC Top holdings2019-06-30 1.IVV 2.IJR 3.GSLC 4.IJH 5.INTF 6.GEM 7.SCHD 8.DGRO 9.FNDA 10.REET
2019-03-31	34	$3.0B	21	1IVV 2GSLC 3FNDA Top holdings2019-03-31 1.IVV 2.GSLC 3.FNDA 4.IJR 5.REET 6.IJH 7.GEM 8.INTF 9.SCHD 10.DGRO
2018-12-31	57	$2.5B	13	1IVV 2GSLC 3FNDA Top holdings2018-12-31 1.IVV 2.GSLC 3.FNDA 4.REET 5.IJH 6.GEM 7.INTF 8.SCHD 9.DGRO 10.AAPL
2018-09-30	37	$2.8B	16	1IVV 2GSLC 3FNDA Top holdings2018-09-30 1.IVV 2.GSLC 3.FNDA 4.REET 5.IJH 6.GEM 7.INTF 8.SCHD 9.DGRO 10.SH1USD
2018-06-30	34	$2.5B	100	1IVV 2GSLC 3FNDA Top holdings2018-06-30 1.IVV 2.GSLC 3.FNDA 4.REET 5.GEM 6.INTF 7.IJK 8.SCHD 9.DGRO 10.ORCL
2018-03-31	49	$2.1B	100	1LQD 2BSV 3VFH Top holdings2018-03-31 1.LQD 2.BSV 3.VFH 4.DGRO 5.XLV 6.761991 7.XLI 8.BAC 6.625 PERP W 9.XLP 10.818ESC
2017-12-31	59	$2.1B	—	1IVV 2GSLC 3FNDA Top holdings2017-12-31 1.IVV 2.GSLC 3.FNDA 4.IEFA 5.GEM 6.DGRO 7.BSV 8.761991 9.XLV 10.LQD

Holding changes this quarter

First Command Advisory Services, Inc.'s most significant position changes for 2026-03-31: New buy: Dimensional International Co (DFAI); New buy: Avantis Emerging Markets Val (AVES); New buy: Amer Beac Glg Ntrl Rsrcs ETF (MGNR); New buy: Vanguard Total Bond Market (BND); New buy: Hbt Financial Inc/de (HBT).

Position changes disclosed by First Command Advisory Services, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	DYNF	Ishrs US E F R A Etf-usd INC	+1.9%	+29.08%	Add
2	GNR	State Street Spdr S&p Global	+0.3%	-1.45%	Trim
3	SPYM	Ste Str Spdr Pt S&p 500 ETF	+0.3%	+22.49%	Add
4	IEMG	Ishares Core Msci Emerging	+0.2%	+97.22%	Add
5	IUSB	Ishr Cr Unvrse Usd Bd Etf-ui	+0.1%	+15.30%	Add
6	SPMD	Ss Spdr P S&p 400 Midcap ETF	+0.1%	+14.91%	Add
7	IJR	Ishares Core S&p Small-cap E	0%	+0.67%	Add
8	SPSM	Ss Spdr P S&p 600 Small Cap	0%	+13.67%	Add
9	SCHD	Schwab US Dvd Equity ETF	0%	+1.84%	Add
10	SPSB	Ss Spdr P St C CORP ETF	0%	+14.93%	Add
11	USHY	Ishares Broad Usd High Yield	0%	+15.14%	Add
12	VTI	Vanguard Total Stock Mkt ETF	0%	+73.90%	Add
13	EMB	Ishares Jp Morgan Usd Emergi	0%	+14.76%	Add
14	XOM	Exxon Mobil CORP	0%	-4.28%	Trim
15	DFGR	Dim Global Real Estate ETF	0%	+372.16%	Add
16	TBLL	Invesco Short Term Treasury	0%	+6.38%	Add
17	NOC	Northrop Grumman CORP	0%	-0.93%	Trim
18	IDEV	Ishares Core Msci Dev Mkts	—	+2.31%	Add
19	DEXC	Dimensional Em Ex Cce ETF	—	-3.20%	Trim
20	DFIV	Dimensional International Va	—	+0.71%	Add
21	IXUS	Ishares Core Intl Stock ETF	—	+18.89%	Add
22	CVX	Chevron CORP	—	+0.64%	Add
23	DFAT	Dimensional US Target Value	—	-1.21%	Trim
24	ITA	Ishares U.s. Aerospace & Def	—	+4971.19%	Add
25	LMT	Lockheed Martin CORP	—	-4.18%	Trim
26	SPYD	Ss Spdr P S&p 500 Hi Div ETF	—	-3.68%	Trim
27	DGRO	Ishares Core Dividend Growth	0%	+0.42%	Add
28	IAU	Ishares Gold Trust	0%	-6.47%	Trim
29	AAPL	Apple INC	0%	-0.32%	Trim
30	GSLC	Goldman Activebeta US Lc ETF	0%	-6.59%	Trim
31	VOO	Vanguard S&p 500 ETF	0%	+2.63%	Add
32	IJH	Ishares Core S&p Midcap ETF	0%	+0.82%	Add
33	MSFT	Microsoft CORP	0%	+2.75%	Add
34	INTF	Ishares International Equity	0%	-16.42%	Trim
35	VNQ	Vanguard Real Estate ETF	0%	-5.06%	Trim
36	SPHQ	Invesco S&p 500 Quality ETF	0%	-1.97%	Trim
37	VGSH	Vanguard Short-term Treasury	0%	-2.57%	Trim
38	DFAS	Dimensional US Small Cap ETF	0%	-3.35%	Trim
39	IEFA	Ishares Core Msci Eafe ETF	0%	-0.25%	Trim
40	VO	Vanguard Mid-cap ETF	-0.1%	-0.99%	Trim
41	SPYG	Ss Spdr P S&p 500 Growth ETF	-0.1%	-1.15%	Trim
42	IWP	Ishares Russell Mid-cap Grow	-0.3%	+2.91%	Add
43	EWJ	Ishares Msci Japan ETF	-0.3%	-11.72%	Trim
44	QQQM	Invesco Nasdaq 100 ETF	-0.8%	+0.35%	Add
45	IVV	Ishares Core S&p 500 ETF	-6%	-6.08%	Trim
46	DFAI	Dimensional International Co	—	NEW	New buy
47	AVES	Avantis Emerging Markets Val	—	NEW	New buy
48	MGNR	Amer Beac Glg Ntrl Rsrcs ETF	—	NEW	New buy
49	BND	Vanguard Total Bond Market	—	NEW	New buy
50	HBT	Hbt Financial Inc/de	—	NEW	New buy

FAQ

What is First Command Advisory Services, Inc. and what type of investor is it?

First Command Advisory Services, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $14.8B, spread across 1332 disclosed positions.

What are First Command Advisory Services, Inc.'s largest equity positions?

Based on the latest 13F filing, First Command Advisory Services, Inc.'s top holdings by market value are: 1. Ishares Core S&p 500 ETF (IVV) — $5.7B (38.4%) 2. Ishrs US E F R A Etf-usd INC (DYNF) — $1.7B (11.4%) 3. Invesco Nasdaq 100 ETF (QQQM) — $1.1B (7.6%) 4. Ishares Core S&p Midcap ETF (IJH) — $1.1B (7.2%) 5. Ishares Core S&p Small-cap E (IJR) — $809.6M (5.5%)

What changes did First Command Advisory Services, Inc. make in its most recent portfolio filing?

In the latest reported quarter, First Command Advisory Services, Inc. made 50 notable position adjustments: 5 new positions were initiated, 25 existing holdings were added to, 20 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Dimensional International Co (DFAI); New buy: Avantis Emerging Markets Val (AVES); New buy: Amer Beac Glg Ntrl Rsrcs ETF (MGNR); New buy: Vanguard Total Bond Market (BND); New buy: Hbt Financial Inc/de (HBT)

What sectors does First Command Advisory Services, Inc. focus on?

First Command Advisory Services, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 25.1% • Industrials: 16.5% • Financials: 11.6% • Energy: 8.9% • Consumer Staples: 8.6% • Health Care: 8.4%