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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
+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
Cap. Flow
+$10.7B
Cap. Flow %
6.04%
Top 10 Hldgs %
22.66%
Holding
2,534
New
122
Increased
1,179
Reduced
1,054
Closed
113

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$1.18B
2
NRG icon
NRG Energy
NRG
+$813M
3
BAC icon
Bank of America
BAC
+$810M
4
NVDA icon
NVIDIA
NVDA
+$744M
5
AAPL icon
Apple
AAPL
+$744M

Top Sells

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$866M
2
AMD icon
Advanced Micro Devices
AMD
+$575M
3
BKNG icon
Booking.com
BKNG
+$367M
4
PFG icon
Principal Financial Group
PFG
+$280M
5
PANW icon
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
NVDA icon
1
NVIDIA
NVDA
$5.42T
$7.29B 4.11%
39,067,050
+3,999,428
+11% +$744M
MSFT icon
2
Microsoft
MSFT
$3.71T
$6.31B 3.56%
13,047,023
+1,399,040
+12% +$701M
AAPL icon
3
Apple
AAPL
$4.57T
$6.05B 3.41%
22,254,786
+2,769,814
+14% +$744M
AMZN icon
4
Amazon
AMZN
$2.96T
$5.64B 3.18%
24,448,590
+5,171,543
+27% +$1.18B
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.33T
$3.94B 2.22%
12,585,134
+1,739,481
+16% +$497M
LLY icon
6
Eli Lilly
LLY
$1.06T
$2.88B 1.63%
2,683,391
+374,385
+16% +$358M
V icon
7
Visa
V
$677B
$2.28B 1.29%
6,508,089
+2,116,463
+48% +$721M
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.32T
$2.05B 1.15%
6,521,467
-678,126
-9% -$194M
AVGO icon
9
Broadcom
AVGO
$2.04T
$1.96B 1.1%
5,651,908
-430,722
-7% -$154M
BAC icon
10
Bank of America
BAC
$442B
$1.76B 0.99%
31,923,927
+15,316,152
+92% +$810M
CSCO icon
11
Cisco
CSCO
$479B
$1.63B 0.92%
21,102,912
+2,867,520
+16% +$213M
TFC icon
12
Truist Financial
TFC
$64B
$1.57B 0.89%
31,964,393
+2,226,288
+7% +$103M
MLM icon
13
Martin Marietta Materials
MLM
$33B
$1.52B 0.86%
2,448,928
+836,120
+52% +$520M
VRTX icon
14
Vertex Pharmaceuticals
VRTX
$126B
$1.52B 0.86%
3,356,766
+1,109,200
+49% +$478M
UPS icon
15
United Parcel Service
UPS
$88.9B
$1.37B 0.77%
13,818,314
+5,826,824
+73% +$545M
AMD icon
16
Advanced Micro Devices
AMD
$789B
$1.36B 0.77%
6,351,656
-2,558,375
-29% -$575M
IBM icon
17
IBM
IBM
$224B
$1.36B 0.77%
4,582,818
+954,879
+26% +$286M
LH icon
18
Labcorp
LH
$25.9B
$1.34B 0.76%
5,356,825
+2,719,475
+103% +$722M
META icon
19
Meta Platforms (Facebook)
META
$1.51T
$1.33B 0.75%
2,017,012
-25,457
-1% -$17M
SNPS icon
20
Synopsys
SNPS
$79.7B
$1.28B 0.72%
2,730,643
-93,706
-3% -$41.6M
PWR icon
21
Quanta Services
PWR
$101B
$1.23B 0.69%
2,915,440
+758,862
+35% +$333M
NRG icon
22
NRG Energy
NRG
$24.8B
$1.22B 0.69%
7,676,513
+4,916,653
+178% +$813M
BJ icon
23
BJs Wholesale Club
BJ
$12.3B
$1.16B 0.66%
12,930,288
+4,704,423
+57% +$432M
APH icon
24
Amphenol
APH
$209B
$1.14B 0.65%
8,462,907
+1,116,031
+15% +$149M
UBER icon
25
Uber
UBER
$153B
$1.11B 0.63%
13,637,558
+1,948,662
+17% +$175M
1
2 3 4 5

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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.