VICTORY CAPITAL MANAGEMENT INC
CIK: 0001040188Latest portfolio: $177.2B · Q4 2025
Holdings
2,421
Total Value
$177.2B
New Positions
123
Closed Positions
115
Top Holdings
View All 2,421 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | NVDANVIDIA CORPORATION | 39,067,050 | $7.3B | 4.11% | +4.0M | |
| 2 | MSFTMICROSOFT CORP | 13,047,023 | $6.3B | 3.56% | +1.4M | |
| 3 | AAPLAPPLE INC | 22,254,786 | $6.0B | 3.41% | +2.8M | |
| 4 | AMZNAMAZON COM INC | 24,448,590 | $5.6B | 3.18% | +5.2M | |
| 5 | GOOGLALPHABET INC | 12,585,134 | $3.9B | 2.22% | +1.7M | |
| 6 | LLYELI LILLY & CO | 2,683,391 | $2.9B | 1.63% | +374K | |
| 7 | VVISA INC | 6,508,089 | $2.3B | 1.29% | +2.1M | |
| 8 | GOOGALPHABET INC | 6,521,467 | $2.0B | 1.15% | -678,126 | |
| 9 | AVGOBROADCOM INC | 5,651,908 | $2.0B | 1.10% | -430,722 | |
| 10 | BACBANK AMERICA CORP | 31,923,927 | $1.8B | 0.99% | +15.3M | |
| 11 | CSCOCISCO SYS INC | 21,102,912 | $1.6B | 0.92% | +2.9M | |
| 12 | TFCTRUIST FINL CORP | 31,964,393 | $1.6B | 0.89% | +2.2M | |
| 13 | MLMMARTIN MARIETTA MATLS INC | 2,448,928 | $1.5B | 0.86% | +836K | |
| 14 | VRTXVERTEX PHARMACEUTICALS INC | 3,356,766 | $1.5B | 0.86% | +1.1M | |
| 15 | UPSUNITED PARCEL SERVICE INC | 13,818,314 | $1.4B | 0.77% | +5.8M | |
| 16 | AMDADVANCED MICRO DEVICES INC | 6,351,656 | $1.4B | 0.77% | -2,558,375 | |
| 17 | IBMINTERNATIONAL BUSINESS MACHS | 4,582,818 | $1.4B | 0.77% | +955K | |
| 18 | LHLABCORP HOLDINGS INC | 5,356,825 | $1.3B | 0.76% | +2.7M | |
| 19 | METAMETA PLATFORMS INC | 2,017,012 | $1.3B | 0.75% | -25,457 | |
| 20 | SNPSSYNOPSYS INC | 2,730,643 | $1.3B | 0.72% | -93,706 | |
| 21 | PWRQUANTA SVCS INC | 2,915,440 | $1.2B | 0.69% | +759K | |
| 22 | NRANRG ENERGY INC | 7,676,513 | $1.2B | 0.69% | +4.9M | |
| 23 | BJBJS WHSL CLUB HLDGS INC | 12,930,288 | $1.2B | 0.66% | +4.7M | |
| 24 | APHAMPHENOL CORP NEW | 8,462,907 | $1.1B | 0.65% | +1.1M | |
| 25 | UBERUBER TECHNOLOGIES INC | 13,637,558 | $1.1B | 0.63% | +1.9M |
Quarterly Changes
New Positions
Closed Positions
- QGENCLOSED$74.0B
- CWKCLOSED$72.8B
- VBTXCLOSED$54.4B
- SO 3.875 12/15/25CLOSED$52.3B
- ASTECLOSED$49.2B
- NMFC 7.5 10/15/25CLOSED$36.7B
- LXPUSDCLOSED$24.8B
- PINCCLOSED$16.0B
- HYLBCLOSED$13.0B
- DXCM 0.25 11/15/25CLOSED$12.6B
Increased Positions
| Name | Shares | Change |
|---|---|---|
| SO 4.5 06/15/27 | 29.8M | +26.9M |
| WEC 4.375 06/01/29 | 29.7M | +17.0M |
| BAC | 31.9M | +15.3M |
| UBER 0.875 12/01/28 2028 | 69.1M | +10.7M |
| RF | 22.8M | +9.3M |
| PSN 2.625 03/01/29 | 46.0M | +7.1M |
| NFLX | 6.9M | +6.4M |
| PINS | 26.8M | +6.3M |
| AMZN | 24.4M | +5.2M |
| NRA | 7.7M | +4.9M |
Decreased Positions
| Name | Shares | Change |
|---|---|---|
| EXPE 0 02/15/26 | 58.6M | -16952000 |
| AMCR | 662K | -7286143 |
| VLY | 2.2M | -6086721 |
| AXTA | 145K | -5980806 |
| G | 152K | -5171981 |
| PMT 5.5 03/15/26 | 4 | -4894996 |
| F 0 03/15/26 | 81.1M | -4040000 |
| LION | 23K | -3680145 |
| ORCL | 1.2M | -3636051 |
| HRL | 1.2M | -3020875 |
Sector Breakdown
TechnologyNaN% ($InfinityT)
Consumer CyclicalNaN% ($InfinityT)
Communication ServicesNaN% ($InfinityT)
HealthcareNaN% ($InfinityT)
Financial ServicesNaN% ($InfinityT)
Basic MaterialsNaN% ($InfinityT)
IndustrialsNaN% ($InfinityT)
UnknownNaN% ($InfinityT)
Consumer DefensiveNaN% ($InfinityT)
EnergyNaN% ($InfinityT)
Real EstateNaN% ($InfinityT)
Utilities0.0% ($7.66000728000642e+267T)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 13, 2026 | $177.2B | 2,583 |
| Q3 2025 | Nov 12, 2025 | $171.0T | 2,579 |
| Q2 2025 | Aug 13, 2025 | $155.1T | 0 |
| Q1 2025 | May 2, 2025 | $97.7T | 2,748 |
| Q4 2024 | Feb 6, 2025 | $101.7T | 2,746 |
| Q3 2024 | Nov 5, 2024 | $103809.5T | 2,765 |
| Q2 2024 | Aug 5, 2024 | $99753.0T | 2,753 |
| Q1 2024 | May 3, 2024 | $102433.5T | 2,753 |
| Q4 2023 | Feb 5, 2024 | $95061.4T | 2,823 |
| Q3 2023 | Nov 6, 2023 | $86995.1T | 2,805 |
| Q2 2023 | Jul 27, 2023 | $90928.4T | 2,799 |
| Q1 2023 | May 2, 2023 | $89036.4T | 2,874 |
| Q4 2022 | Feb 9, 2023 | $93441.3T | 2,916 |
| Q3 2022 | Nov 2, 2022 | $85.7T | 2,979 |
| Q2 2022 | Aug 1, 2022 | $87.8T | 2,972 |
| Q1 2022 | May 4, 2022 | $100.0T | 3,003 |
| Q4 2021 | Feb 7, 2022 | $108.7T | 3,052 |
| Q3 2021 | Nov 2, 2021 | $102.1T | 3,058 |
| Q2 2021 | Aug 3, 2021 | $104.2T | 3,030 |
| Q1 2021 | May 4, 2021 | $97.6T | 3,043 |
| Q4 2020 | Feb 1, 2021 | $89.8T | 2,837 |
| Q3 2020 | Nov 9, 2020 | $77.9T | 2,787 |
| Q2 2020 | Aug 7, 2020 | $73.8T | 2,796 |
| Q1 2020 | May 4, 2020 | $59.2T | 4,083 |
| Q4 2019 | Feb 4, 2020 | $80.7T | 4,125 |
| Q3 2019 | Nov 12, 2019 | $77.7T | 4,099 |
| Q2 2019 | Aug 15, 2019 | $49.6T | 2,136 |
| Q1 2019 | May 3, 2019 | $44.0T | 2,087 |
| Q4 2018 | Feb 5, 2019 | $39.6T | 2,166 |
| Q3 2018 | Nov 1, 2018 | $48.5T | 3,147 |
| Q2 2018 | Aug 2, 2018 | $47.0T | 3,213 |
| Q1 2018 | May 4, 2018 | $45.8T | 2,217 |
| Q4 2017 | Feb 1, 2018 | $47.5T | 2,203 |
| Q3 2017 | Oct 27, 2017 | $44.5T | 2,127 |
| Q2 2017 | Aug 7, 2017 | $42.7T | 2,118 |
| Q1 2017 | May 10, 2017 | $42.0T | 2,108 |
| Q4 2016 | Feb 9, 2017 | $39.6T | 2,339 |
| Q3 2016 | Nov 3, 2016 | $35.7T | 2,107 |
| Q2 2016 | Aug 9, 2016 | $25.0T | 2,970 |
| Q1 2016 | May 12, 2016 | $24.4T | 2,610 |
Fund Information
VICTORY CAPITAL MANAGEMENT INC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $177.2B across 2,421 holdings. The largest position is NVIDIA CORPORATION (NVDA), representing 4.1% of the portfolio. Compared to the previous quarter, the fund opened 125 new positions and closed 119 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.