First Command Advisory Services, Inc.
Long book
$14.85B
Q1 2026
Positions
1152
Top-10 weight
85%
concentration
Last quarter
+13.8%
SPY +14.8%
Turnover
35%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Command Advisory Services, Inc. is a wealth-management firm allocating client money, running a $14.85B US long book across 1152 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, ISHRS US E F R A ETF-USD INC, INVESCO NASDAQ 100 ETF, ISHARES CORE S&P MIDCAP ETF, ISHARES CORE S&P SMALL-CAP E.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.8%
Q2 2024
+6.2%
Q3 2024
+1.2%
Q4 2024
-4.0%
Q1 2025
+10.0%
Q2 2025
+7.7%
Q3 2025
+2.5%
Q4 2025
-1.9%
Q1 2026
+13.8%
Sector allocation
Technology 33%
Industrials 14%
Financials 10%
Consumer discretionary 10%
Energy 8%
Healthcare 7%
Services media 4%
Utilities 4%
Long book by quarter
What does First Command own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 48.5K | $12.3M | 0.1% | -0.3% |
| MSFT MICROSOFT CORP | Technology | 25.9K | $9.6M | 0.1% | +2.7% |
| XOM EXXON MOBIL CORP | Energy | 40.5K | $6.9M | 0.0% | -4.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 12.8K | $6.2M | 0.0% | +0.8% |
| NVDA NVIDIA CORP | Technology | 31.5K | $5.5M | 0.0% | +2.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 26.2K | $5.5M | 0.0% | +2.5% |
| CVX CHEVRON CORP | Energy | 23.8K | $4.9M | 0.0% | +0.6% |
| NOC NORTHROP GRUMMAN CORP | Technology | 5.9K | $4.0M | 0.0% | -0.9% |
| JPM JPMORGAN CHASE & CO | Financials | 11.6K | $3.4M | 0.0% | +3.9% |
| LMT LOCKHEED MARTIN CORP | Industrials | 5.6K | $3.4M | 0.0% | -4.2% |
| GOOG ALPHABET INC-CL C | Technology | 11.8K | $3.4M | 0.0% | +4.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.7K | $3.4M | 0.0% | -4.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 20.6K | $3.0M | 0.0% | -9.3% |
| WMT WALMART INC | Consumer discretionary | 22.1K | $2.7M | 0.0% | 0.0% |
| GOOGL ALPHABET INC-CL A | Technology | 9.1K | $2.6M | 0.0% | +8.7% |
| LLY ELI LILLY & CO | Healthcare | 2.5K | $2.3M | 0.0% | +5.6% |
| HD HOME DEPOT INC | Consumer discretionary | 6.1K | $2.0M | 0.0% | +2.5% |
| RTX RTX CORP | Industrials | 10.0K | $1.9M | 0.0% | -3.6% |
| CAT CATERPILLAR INC | Industrials | 2.7K | $1.9M | 0.0% | +2.5% |
| META META PLATFORMS INC-CLASS A | Technology | 3.3K | $1.9M | 0.0% | +12.1% |
| CSCO CISCO SYSTEMS INC | Technology | 22.8K | $1.8M | 0.0% | +3.6% |
| V VISA INC-CLASS A SHARES | Services media | 5.8K | $1.8M | 0.0% | +2.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 5.5K | $1.7M | 0.0% | +3.2% |
| UNP UNION PACIFIC CORP | Industrials | 6.9K | $1.7M | 0.0% | +3.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.5K | $1.5M | 0.0% | +3.1% |
| AXP AMERICAN EXPRESS CO | Financials | 4.7K | $1.4M | 0.0% | +2.3% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 4.0K | $1.4M | 0.0% | +4.0% |
| KO COCA-COLA CO/THE | Consumer staples | 18.1K | $1.4M | 0.0% | +1.3% |
| MRK MERCK & CO. INC. | Healthcare | 11.3K | $1.4M | 0.0% | +6.0% |
| ABBV ABBVIE INC | Healthcare | 6.1K | $1.3M | 0.0% | -17.6% |
| BA BOEING CO/THE | Industrials | 6.4K | $1.3M | 0.0% | -1.0% |
| CSX CSX CORP | Industrials | 30.0K | $1.2M | 0.0% | +0.8% |
| T AT&T INC | Communications | 42.3K | $1.2M | 0.0% | -4.2% |
| PEP PEPSICO INC | Consumer staples | 7.8K | $1.2M | 0.0% | 0.0% |
| AVGO BROADCOM INC | Technology | 3.9K | $1.2M | 0.0% | +35.3% |
| DUK DUKE ENERGY CORP | Utilities | 8.4K | $1.1M | 0.0% | +2.4% |
| CMI CUMMINS INC | Industrials | 2.0K | $1.1M | 0.0% | +3.5% |
| NFLX NETFLIX INC | Services media | 11.0K | $1.1M | 0.0% | +11.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 9.7K | $996K | 0.0% | -4.8% |
| GE GENERAL ELECTRIC | Industrials | 3.5K | $989K | 0.0% | -1.7% |
| TSLA TESLA INC | Industrials | 2.7K | $988K | 0.0% | +11.1% |
| ORCL ORACLE CORP | Technology | 6.5K | $960K | 0.0% | +3.0% |
| BAH BOOZ ALLEN HAMILTON HOLDINGS | Services media | 11.7K | $916K | 0.0% | -7.0% |
| NEE NEXTERA ENERGY INC | Utilities | 9.5K | $885K | 0.0% | +0.6% |
| BAC BANK OF AMERICA CORP | Financials | 17.5K | $852K | 0.0% | -8.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 3.5K | $841K | 0.0% | +0.3% |
| GEV GE VERNOVA INC | Industrials | 959 | $837K | 0.0% | -7.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 1332 | $14.85B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 795 | $14.35B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 643 | $13.80B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 622 | $11.62B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 637 | $10.44B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 450 | $10.55B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 469 | $10.36B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 514 | $9.64B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 629 | $9.54B | canonical | SEC ↗ |