VICTORY FINANCIAL GROUP, LLC Q4 2025 Filing

Filed January 15, 2026

Portfolio Value

$795.5M

Holdings

315

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (315 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IWYISHARES TR	448,535	$124.2M	15.62%
2	SCHDSCHWAB STRATEGIC TR	1,699,154	$46.6M	5.86%
3	IMCGISHARES TR	421,283	$33.6M	4.23%
4	XLKSELECT SECTOR SPDR TR	201,261	$29.0M	3.64%
5	FDVVFIDELITY COVINGTON TRUST	486,346	$27.6M	3.47%
6	VOOVANGUARD INDEX FDS	41,594	$26.1M	3.28%
7	IVLUISHARES TR	580,594	$22.1M	2.78%
8	NVDANVIDIA CORPORATION	104,065	$19.4M	2.44%
9	EVTRMORGAN STANLEY ETF TRUST	365,463	$18.8M	2.37%
10	IJRISHARES TR	154,732	$18.6M	2.34%
11	AAPLAPPLE INC	57,128	$15.5M	1.95%
12	FVDFIRST TR EXCHANGE-TRADED FD	330,977	$15.3M	1.92%
13	PYLDPIMCO ETF TR	558,979	$14.9M	1.87%
14	SLYGSPDR SERIES TRUST	149,750	$14.1M	1.77%
15	VBRVANGUARD INDEX FDS	62,582	$13.3M	1.67%
16	FBNDFIDELITY MERRIMACK STR TR	275,468	$12.7M	1.59%
17	BILSPDR SERIES TRUST	133,825	$12.2M	1.54%
18	MSFTMICROSOFT CORP	19,439	$9.4M	1.18%
19	SPEMSPDR INDEX SHS FDS	143,193	$6.7M	0.84%
20	TSLATESLA INC	13,813	$6.2M	0.78%
21	AMZNAMAZON COM INC	26,283	$6.1M	0.76%
22	VCLTVANGUARD SCOTTSDALE FDS	74,570	$5.7M	0.71%
23	AVGOBROADCOM INC	15,975	$5.5M	0.69%
24	GOOGLALPHABET INC	17,632	$5.5M	0.69%
25	NDQINVESCO QQQ TR	7,962	$5.3M	0.67%	Call
26	VGITVANGUARD SCOTTSDALE FDS	83,458	$5.0M	0.63%
27	VCRBVANGUARD MALVERN FDS	59,346	$4.6M	0.58%
28	METAMETA PLATFORMS INC	6,978	$4.6M	0.58%
29	CGDGCAPITAL GROUP DIVIDEND VALUE	105,415	$4.6M	0.58%
30	MOATVANECK ETF TRUST	44,278	$4.6M	0.58%
31	DIVOAMPLIFY ETF TR	102,012	$4.5M	0.57%
32	XLISELECT SECTOR SPDR TR	28,274	$4.4M	0.55%
33	XLVSELECT SECTOR SPDR TR	28,280	$4.4M	0.55%
34	XLCSELECT SECTOR SPDR TR	37,165	$4.4M	0.55%
35	VYMVANGUARD WHITEHALL FDS	28,413	$4.1M	0.51%
36	AVDVAMERICAN CENTY ETF TR	40,404	$3.8M	0.48%
37	VOTVANGUARD INDEX FDS	13,221	$3.7M	0.46%
38	VTIVANGUARD INDEX FDS	10,665	$3.6M	0.45%
39	XLFSELECT SECTOR SPDR TR	64,498	$3.5M	0.44%
40	FLCCFEDERATED HERMES ETF TRUST	106,819	$3.5M	0.44%
41	HEQTSIMPLIFY EXCHANGE TRADED FUN	108,149	$3.5M	0.44%
42	MDYSPDR S&P MIDCAP 400 ETF TR	5,586	$3.4M	0.42%
43	FPEIFIRST TR EXCH TRADED FD III	173,351	$3.4M	0.42%
44	SPYGSPDR SERIES TRUST	28,874	$3.1M	0.39%
45	LLYELI LILLY & CO	2,816	$3.0M	0.38%
46	IJTISHARES TR	21,366	$3.0M	0.38%
47	SPYSPDR S&P 500 ETF TR	3,950	$2.9M	0.36%	Call
48	ARKTARK ETF TR	18,988	$2.8M	0.35%
49	BRK/BBERKSHIRE HATHAWAY INC DEL	5,385	$2.7M	0.34%
50	GOOGALPHABET INC	8,562	$2.7M	0.34%
51	MFSIMFS ACTIVE EXCHANGE TRADED F	85,286	$2.6M	0.33%
52	IXUSISHARES TR	30,261	$2.6M	0.32%
53	VWOVANGUARD INTL EQUITY INDEX F	45,929	$2.5M	0.31%
54	VFMFVANGUARD WELLINGTON FD	15,623	$2.4M	0.30%
55	IEMGISHARES INC	34,807	$2.3M	0.29%
56	VEAVANGUARD TAX-MANAGED FDS	37,310	$2.3M	0.29%
57	WFCWELLS FARGO CO NEW	24,262	$2.3M	0.28%
58	TSMTAIWAN SEMICONDUCTOR MFG LTD	7,290	$2.2M	0.28%
59	4I1PHILIP MORRIS INTL INC	13,622	$2.2M	0.27%
60	BILSSPDR SERIES TRUST	21,972	$2.2M	0.27%
61	QUALISHARES TR	10,978	$2.2M	0.27%
62	GQ9SPDR GOLD TR	5,442	$2.2M	0.27%
63	SIOTOUCHSTONE ETF TRUST	82,453	$2.1M	0.27%
64	GSGOLDMAN SACHS GROUP INC	2,398	$2.1M	0.26%
65	HDHOME DEPOT INC	6,072	$2.1M	0.26%
66	PVALPUTNAM ETF TRUST	45,177	$2.1M	0.26%
67	BNDVANGUARD BD INDEX FDS	27,124	$2.0M	0.25%
68	RPGINVESCO EXCHANGE TRADED FD T	42,556	$2.0M	0.25%
69	COSTCOSTCO WHSL CORP NEW	2,214	$1.9M	0.24%
70	VOEVANGUARD INDEX FDS	10,289	$1.8M	0.23%
71	PLTRPALANTIR TECHNOLOGIES INC	10,024	$1.8M	0.22%
72	ABBVABBVIE INC	7,706	$1.8M	0.22%
73	WMTWALMART INC	15,516	$1.7M	0.22%
74	SGOVISHARES TR	17,111	$1.7M	0.22%
75	VOVANGUARD INDEX FDS	5,811	$1.7M	0.21%
76	VONGVANGUARD SCOTTSDALE FDS	13,788	$1.7M	0.21%
77	VVISA INC	4,771	$1.7M	0.21%
78	BUFPPGIM ROCK ETF TR	54,940	$1.7M	0.21%
79	JPMJPMORGAN CHASE & CO.	4,634	$1.5M	0.19%
80	GBILGOLDMAN SACHS ETF TR	14,862	$1.5M	0.19%
81	TAXXBONDBLOXX ETF TRUST	29,257	$1.5M	0.19%
82	TPRTAPESTRY INC	11,572	$1.5M	0.19%
83	RDVYFIRST TR EXCHANGE TRADED FD	20,475	$1.4M	0.18%
84	VTVVANGUARD INDEX FDS	7,427	$1.4M	0.18%
85	AIQGLOBAL X FDS	26,037	$1.3M	0.17%
86	AMDADVANCED MICRO DEVICES INC	6,150	$1.3M	0.17%
87	UBERUBER TECHNOLOGIES INC	16,102	$1.3M	0.17%
88	NFLXNETFLIX INC	13,994	$1.3M	0.16%
89	SLVISHARES SILVER TR	20,340	$1.3M	0.16%
90	EFAISHARES TR	13,447	$1.3M	0.16%
91	TXNTEXAS INSTRS INC	7,333	$1.3M	0.16%
92	IYWISHARES TR	6,100	$1.2M	0.15%
93	MTGMGIC INVT CORP WIS	41,640	$1.2M	0.15%
94	XOMEXXON MOBIL CORP	9,815	$1.2M	0.15%
95	STIPISHARES TR	11,338	$1.2M	0.15%
96	DFACDIMENSIONAL ETF TRUST	28,814	$1.1M	0.14%
97	SCHFSCHWAB STRATEGIC TR	47,265	$1.1M	0.14%
98	JNJJOHNSON & JOHNSON	5,434	$1.1M	0.14%
99	CMECME GROUP INC	4,104	$1.1M	0.14%
100	RSPUINVESCO EXCHANGE TRADED FD T	14,858	$1.1M	0.14%

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