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Victory Capital Management

Victory Capital Management Portfolio holdings

AUM $178B
1-Year Est. Return 37.23%
This Fund
S&P 500
This Quarter Est. Return
+12.44%
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
$155B
AUM Growth
+$57.3B
Cap. Flow
+$45B
Cap. Flow %
29.03%
Top 10 Hldgs %
18.46%
Holding
2,579
New
107
Increased
1,176
Reduced
1,107
Closed
101

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$2.47B
2
MSFT icon
Microsoft
MSFT
+$2.43B
3
NVDA icon
NVIDIA
NVDA
+$1.79B
4
AAPL icon
Apple
AAPL
+$1.57B
5
UBER icon
Uber
UBER
+$1.17B

Top Sells

Rank Stock Value
1
SKX
Skechers
SKX
+$226M
2
XEL icon
Xcel Energy
XEL
+$223M
3
EBAY icon
eBay
EBAY
+$201M
4
ON icon
ON Semiconductor
ON
+$158M
5
UITB icon
Victory Portfolios II VictoryShares Core Intermediate Bond ETF
UITB
+$156M

Sector Composition

Rank Sector Weight
1 Technology 26.79%
2 Financials 13.85%
3 Consumer Discretionary 11.35%
4 Industrials 10.42%
5 Healthcare 8.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.71T
$5.55B 3.58%
11,185,066
+5,588,674
+100% +$2.43B
NVDA icon
2
NVIDIA
NVDA
$5.42T
$5.31B 3.42%
33,641,781
+14,201,571
+73% +$1.79B
AMZN icon
3
Amazon
AMZN
$2.96T
$4.3B 2.77%
19,584,323
+12,494,130
+176% +$2.47B
AAPL icon
4
Apple
AAPL
$4.57T
$3.92B 2.53%
19,007,062
+7,788,079
+69% +$1.57B
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.33T
$1.86B 1.2%
10,497,083
+6,899,050
+192% +$1.13B
AVGO icon
6
Broadcom
AVGO
$2.04T
$1.78B 1.14%
6,461,529
+2,676,950
+71% +$581M
META icon
7
Meta Platforms (Facebook)
META
$1.51T
$1.59B 1.02%
2,152,417
+135,974
+7% +$84M
ORCL icon
8
Oracle
ORCL
$423B
$1.5B 0.97%
6,792,722
+5,925,776
+684% +$957M
UBER icon
9
Uber
UBER
$153B
$1.44B 0.93%
15,509,844
+14,212,912
+1,096% +$1.17B
TFC icon
10
Truist Financial
TFC
$64B
$1.38B 0.89%
31,612,808
+24,948,488
+374% +$976M
V icon
11
Visa
V
$677B
$1.37B 0.88%
3,854,097
+2,703,863
+235% +$942M
GOOG icon
12
Alphabet (Google) Class C
GOOG
$4.32T
$1.3B 0.84%
7,301,459
+1,901,014
+35% +$314M
AMD icon
13
Advanced Micro Devices
AMD
$789B
$1.28B 0.83%
9,096,717
+7,886,163
+651% +$859M
LLY icon
14
Eli Lilly
LLY
$1.06T
$1.22B 0.79%
1,564,138
+908,225
+138% +$706M
CSCO icon
15
Cisco
CSCO
$479B
$1.19B 0.76%
17,152,165
+11,176,489
+187% +$687M
MA icon
16
Mastercard
MA
$493B
$1.11B 0.72%
1,979,762
+1,453,886
+276% +$804M
IBM icon
17
IBM
IBM
$224B
$1.03B 0.66%
3,525,069
+3,221,753
+1,062% +$830M
VRTX icon
18
Vertex Pharmaceuticals
VRTX
$126B
$968M 0.62%
2,155,164
+1,861,279
+633% +$858M
MLM icon
19
Martin Marietta Materials
MLM
$33B
$910M 0.59%
1,643,803
+1,608,108
+4,505% +$850M
FCX icon
20
Freeport-McMoran
FCX
$97.5B
$869M 0.56%
19,510,582
+18,953,874
+3,405% +$720M
APH icon
21
Amphenol
APH
$209B
$845M 0.54%
8,557,635
+7,522,482
+727% +$615M
INTU icon
22
Intuit
INTU
$89B
$807M 0.52%
1,027,284
+752,147
+273% +$509M
NFLX icon
23
Netflix
NFLX
$309B
$787M 0.51%
5,878,060
+697,770
+13% +$78.9M
GS icon
24
Goldman Sachs
GS
$303B
$772M 0.5%
1,086,290
+780,357
+255% +$452M
BKNG icon
25
Booking.com
BKNG
$161B
$772M 0.5%
3,338,625
+2,227,525
+200% +$456M
1
2 3 4 5

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Victory Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Victory Capital Management held 2,579 positions worth $155B, up 59% from $97.7B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Victory Capital Management deployed $45B of net new capital in Q2 2025, opening 107 new positions and adding to 1,176 existing holdings. Its largest new stake was Teck Resources: 11,862,579 shares worth $487M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 19% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Skechers, an estimated $226M trimmed.

  • Victory Capital Management's largest Q2 2025 buy was Teck Resources: 11,862,579 shares worth $487M.
  • Victory Capital Management added most to Amazon in Q2 2025, an estimated $2.47B increase.
  • Victory Capital Management's biggest Q2 2025 reduction was Skechers, cutting an estimated $226M.
  • Victory Capital Management fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2025, selling an estimated $50.6M.
  • Victory Capital Management's ten largest holdings make up 18% of its $155B portfolio in Q2 2025.
  • Victory Capital Management opened 107 new positions and closed 101 in Q2 2025.
  • Victory Capital Management's portfolio value rose 59% quarter-over-quarter to $155B.

Based on Victory Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.