Top 5 2nd Quarter Trades of UNITED SERVICES AUTOMOBILE ASSOCIATION

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Aug 17, 2022
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UNITED SERVICES AUTOMOBILE ASSOCIATION recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

The United Services Automobile Association, or USAA for short, is a financial corporation that was founded in 1922 by a group of Army officers who were forced to self-insure one another when other auto insurance companies believed that they were a high risk group. The company has its headquarters in San Antonio and is one of the pioneers of direct marketing, looking for new clients through the internet or phone. The company switched to this kind of marketing in the 1960s, and, prior to that transition, the company did most of its business through mail. Although the company began by offering auto insurance services, the company would expand its line of services to include homeowner’s and life insurance in the 1960s and brokerage and banking services by the 1980s. The company’s clients were limited to commissioned officers, cadets and midshipmen eligible for cars or in college, students in the Marine Corps or Navy programs, or college graduate officer candidates in the OCS programs of various armed forces programs until 1996, when eligibility was extended to all enlisted personnel in the United States armed forces. Recently between 2009 and 2013, the company also offered restricted membership to civilians that allowed them to utilize USAA’s bank deposit products, investment products, and life insurance, although auto and property insurance products were still not eligible to these clients. USAA currently has a total of over 26,000 employees who look after their 11 million members. The company holds a total of over $130 billion in total assets under management and brings in an estimated net income of over 3.4 billion a year. The company now offers a wide variety of services to eligible members including CDs, credit cards, home mortgages, auto loans, various insurances, mutual funds annuities, bond, and ETF brokerage services, among others, with 19 locations. Some of the mutual funds it offers include the California Money Market Fund, Capital Growth Fund, Cornerstone Conservative Fund, and Extended Market Index Fund.

As of the latest 13F report, the guru’s equity portfolio contained 554 stocks valued at a total of $3.83Bil. The top holdings were IEMG(8.17%), JNJ(3.38%), and ABBV(2.80%).

According to GuruFocus data, these were UNITED SERVICES AUTOMOBILE ASSOCIATION’s top five trades of the quarter.

iShares Core S&P 500 ETF


UNITED SERVICES AUTOMOBILE ASSOCIATION reduced their investment in ARCA:IVV by 2,911,107 shares. The trade had a 24.58% impact on the equity portfolio. During the quarter, the stock traded for an average price of $411.02.

On 08/17/2022, iShares Core S&P 500 ETF traded for a price of $432.04 per share and a market cap of $320.81Bil. The stock has returned -2.48% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Core S&P 500 ETF has a price-earnings ratio of 18.63 and a price-book ratio of 3.59.

iShares Core MSCI EAFE ETF


UNITED SERVICES AUTOMOBILE ASSOCIATION reduced their investment in BATS:IEFA by 10,802,435 shares. The trade had a 13.97% impact on the equity portfolio. During the quarter, the stock traded for an average price of $63.22.

On 08/17/2022, iShares Core MSCI EAFE ETF traded for a price of $62.69 per share and a market cap of $89.99Bil. The stock has returned -15.22% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Core MSCI EAFE ETF has a price-earnings ratio of 12.39 and a price-book ratio of 1.51.

iShares Core S&P Mid-Cap ETF


UNITED SERVICES AUTOMOBILE ASSOCIATION reduced their investment in ARCA:IJH by 1,225,491 shares. The trade had a 6.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $246.56.

On 08/17/2022, iShares Core S&P Mid-Cap ETF traded for a price of $263.28 per share and a market cap of $66.12Bil. The stock has returned -1.95% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Core S&P Mid-Cap ETF has a price-earnings ratio of 12.37 and a price-book ratio of 2.05.

iShares MSCI ACWI Index Fund


The guru established a new position worth 973,367 shares in NAS:ACWI, giving the stock a 2.13% weight in the equity portfolio. Shares traded for an average price of $90.5 during the quarter.

On 08/17/2022, iShares MSCI ACWI Index Fund traded for a price of $92.7 per share and a market cap of $18.74Bil. The stock has returned -8.77% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares MSCI ACWI Index Fund has a price-earnings ratio of 15.49 and a price-book ratio of 2.43.

Apple Inc


During the quarter, UNITED SERVICES AUTOMOBILE ASSOCIATION bought 563,920 shares of NAS:AAPL for a total holding of 599,067. The trade had a 2.01% impact on the equity portfolio. During the quarter, the stock traded for an average price of $151.81.

On 08/17/2022, Apple Inc traded for a price of $173.03 per share and a market cap of $2,780.72Bil. The stock has returned 15.09% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Apple Inc has a price-earnings ratio of 28.56, a price-book ratio of 47.93, a price-earnings-to-growth (PEG) ratio of 2.01, a EV-to-Ebitda ratio of 21.67 and a price-sales ratio of 7.34.

The price-to-GF Value ratio is 1.02, earning the stock a GF Value rank of 6.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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