First Command Advisory Services, Inc.

CIK 0001727336 · Q2 2026

13F Equity AUM

$16.8B

+13.3% QoQ

Positions

1,247

-672 QoQ

AUM Rank

#931

Top 7%

Skill Alpha (FF)

-1.5%/yr^ns

No Clear Edge

Rank #4,456 · Top 54%

vs S&P -1.9%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 72.1%Top 10: 86.4%Top 20: 94.5%

IVV38.8%

DYNF12.1%

QQQM8.1%

IJH7.4%

IJR5.8%

DFAI3.8%

IWP3.4%

SPYM2.6%

EWJ2.5%

GNR2.0%

Others (794)13.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services98.7%

Other1.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 804Median: 0.00%Avg: 0.12%

0–0.5%

785(6.0%)

0.5–1%

8(6.2%)

1–3%

4(8.5%)

3–5%

2(7.2%)

5%+

5(72.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 804vs 20 funds

0%Low

804

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New244Increased488Decreased290Exited148

New Positions

GTO0.0%

+44K

DNBBY0.0%

+61

MITSY0.0%

HCMLY0.0%

+293

Military Resale Grou…0.0%

+2K

SZKMY0.0%

+90

FRCOY0.0%

+480

MTSFY0.0%

+41

UDIV0.0%

+218

RNECY0.0%

+126

Increased

VO0.7%

+920K(+164%)

SPYM2.6%

+682K(+16%)

DYNF12.1%

+675K(+2%)

IUSB1.0%

+529K(+17%)

DFAI3.8%

+359K(+2%)

DFGR0.1%

+254K(+379%)

IJH7.4%

+253K(+2%)

SPMD0.8%

+211K(+12%)

IDEV1.0%

+199K(+12%)

SPSB0.2%

+161K(+14%)

Decreased

VGSH0.2%

-407,536(-37%)

DEXC0.7%

-358,937(-20%)

QQQM8.1%

-289,772(-6%)

SPHQ0.6%

-285,871(-20%)

DFAS0.4%

-204,881(-19%)

IEFA1.4%

-193,044(-7%)

VNQ0.2%

-186,084(-33%)

GNR2.0%

-180,458(-3%)

IAU*0.4%

-180,355(-18%)

SPYD0.2%

-137,426(-16%)

Exited

-330

-40

-71

-108

-115

-50

Flutter Entertainmen…

-2

ZIM

-177

FEY

-3

BOND

-134

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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