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Victory Capital Management Portfolio holdings
AUM
$178B
1-Year Est. Return
37.23%
This Fund
S&P 500
This Quarter
Est. Return
+4%
1 Year Est. Return
+37.23%
3 Year Est. Return
+100.22%
5 Year Est. Return
+128.39%
10 Year Est. Return
+575.99%
AUM
$177B
AUM Growth
+$6.19B
(+3.6%)
Cap. Flow
+$10.7B
Cap. Flow
% of AUM
6.04%
Top 10 Holdings %
Top 10 Hldgs %
22.66%
Holding
2,534
New
122
Increased
1,179
Reduced
1,054
Closed
113
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.18B |
| 2 |
NRG Energy
NRG
|
+$813M |
| 3 |
Bank of America
BAC
|
+$810M |
| 4 |
NVIDIA
NVDA
|
+$744M |
| 5 |
Apple
AAPL
|
+$744M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$866M |
| 2 |
Advanced Micro Devices
AMD
|
+$575M |
| 3 |
Booking.com
BKNG
|
+$367M |
| 4 |
Principal Financial Group
PFG
|
+$280M |
| 5 |
Palo Alto Networks
PANW
|
+$267M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.52% |
| 2 | Financials | 13.38% |
| 3 | Consumer Discretionary | 10.69% |
| 4 | Industrials | 10.66% |
| 5 | Healthcare | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $61.3M | 0.03% |
1,140,453
+47,597
| +4% | +$2.59M |
|
452
Valmont Industries
VMI
$9.47B
| $61.3M | 0.03% |
152,379
-4,722
| -3% | -$1.92M |
|
453
AXIS Capital
AXS
$7.29B
| $60.9M | 0.03% |
568,371
-311,162
| -35% | -$30.9M |
|
454
National Bank Holdings
NBHC
$1.94B
| $60.6M | 0.03% |
1,593,529
-351,009
| -18% | -$13.2M |
|
455
HP
HPQ
$27.7B
| $60.5M | 0.03% |
2,717,326
+483,125
| +22% | +$12.3M |
|
456
Murphy Oil
MUR
$4.97B
| $60.3M | 0.03% |
1,930,943
-99,851
| -5% | -$3M |
|
|
AXON
457
Axon Enterprise
AXON
$49.1B
| $60.2M | 0.03% |
105,957
-3,383
| -3% | -$2.1M |
|
458
Keurig Dr Pepper
KDP
$41.9B
| $60.1M | 0.03% |
2,145,352
-572,290
| -21% | -$15.7M |
|
459
Belden
BDC
$5.4B
| $60M | 0.03% |
514,968
+31,167
| +6% | +$3.64M |
|
460
Commerce Bancshares
CBSH
$8.61B
| $60M | 0.03% |
1,145,683
+1,067,245
| +1,361% | +$55.8M |
|
461
Yum! Brands
YUM
$41.4B
| $59.8M | 0.03% |
395,304
+95,292
| +32% | +$14.1M |
|
462
Snowflake
SNOW
$116B
| $59.5M | 0.03% |
271,370
-118,416
| -30% | -$28.9M |
|
463
Ametek
AME
$58.9B
| $59.4M | 0.03% |
289,155
+137,835
| +91% | +$26.8M |
|
464
CACI
CACI
$14.9B
| $59.3M | 0.03% |
111,372
-30,000
| -21% | -$17M |
|
465
Central Garden & Pet Co Class A
CENTA
$2.42B
| $59.3M | 0.03% |
2,032,658
-184,887
| -8% | -$5.35M |
|
466
Alcoa
AA
$13.3B
| $58.9M | 0.03% |
1,109,035
+285,899
| +35% | +$11.7M |
|
|
NEE.PRS
467
NextEra Energy 7.299% Corporate Units
NEE.PRS
$2.12B
| $58.8M | 0.03% |
1,135,192
-15,014
| -1% | -$797K |
|
468
Southern Company
SO
$107B
| $58.7M | 0.03% |
672,802
-296
| -0% | -$27K |
|
|
RAL
469
Ralliant Corp
RAL
$7.96B
| $58.3M | 0.03% |
1,144,316
+270,522
| +31% | +$12.7M |
|
470
Teva Pharmaceuticals
TEVA
$43.2B
| $58.1M | 0.03% |
1,862,385
-498,377
| -21% | -$12.3M |
|
|
GAP
471
The Gap Inc
GAP
$7.3B
| $57.7M | 0.03% |
2,255,199
+2,117,177
| +1,534% | +$51.3M |
|
472
Heritage Financial
HFWA
$1.23B
| $57.6M | 0.03% |
2,435,692
-190,642
| -7% | -$4.49M |
|
473
Cohu
COHU
$2.77B
| $57.5M | 0.03% |
2,472,480
-461,970
| -16% | -$10.6M |
|
474
Korn Ferry
KFY
$4.27B
| $57.4M | 0.03% |
869,689
-47,586
| -5% | -$3.2M |
|
475
Celsius Holdings
CELH
$7.13B
| $57.3M | 0.03% |
1,253,099
+832,068
| +198% | +$41.9M |
|
Similar funds
VGA
Victory Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Victory Capital Management held 2,534 positions worth $177B, up 3.6% from $171B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Victory Capital Management deployed $10.7B of net new capital in Q4 2025, opening 122 new positions and adding to 1,179 existing holdings. Its largest new stake was Solstice Advanced Materials: 951,210 shares worth $46.2M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 32% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Oracle, an estimated $866M trimmed.
- Victory Capital Management's largest Q4 2025 buy was Solstice Advanced Materials: 951,210 shares worth $46.2M.
- Victory Capital Management added most to Amazon in Q4 2025, an estimated $1.18B increase.
- Victory Capital Management's biggest Q4 2025 reduction was Oracle, cutting an estimated $866M.
- Victory Capital Management fully exited Qiagen in Q4 2025, selling an estimated $74M.
- Victory Capital Management's ten largest holdings make up 23% of its $177B portfolio in Q4 2025.
- Victory Capital Management opened 122 new positions and closed 113 in Q4 2025.
- Victory Capital Management's portfolio value rose 3.6% quarter-over-quarter to $177B.
Based on Victory Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.