Asset manager

Victory Capital Management Inc

13F for the quarter to June 30, 2026, filed August 7, 2026 · SEC CIK 1040188

Reported value: $177.3bn
Positions we cover: 2,227
Copy, a year: +12.7%
Copy Sharpe ratio: 0.66

How copying its 13F would have done

CopyS&P 500 $10,000 copying Victory Capital Management Inc's filed holdings in companies we cover from March 14, 2014, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −35.7% (S&P 500 −31.8%); beta 1.03; alpha −1.0% a year (t = −0.75); last 12 months +14.3% against +12.1%.

Reported value by quarter

Victory Capital Management Inc: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-09-30	$13.9B
2013-12-31	$14.2B
2014-03-31	$14.7B
2014-06-30	$14.7B
2014-09-30	$13.3B
2014-12-31	$27.1B
2015-03-31	$27.8B
2015-06-30	$26.2B
2015-09-30	$23.6B
2015-12-31	$23.3B
2016-03-31	$23.4B
2016-06-30	$24.2B
2016-09-30	$34.9B
2016-12-31	$38.8B
2017-03-31	$41.1B
2017-06-30	$41.8B
2017-09-30	$43.6B
2017-12-31	$46.6B
2018-03-31	$44.6B
2018-06-30	$46B
2018-09-30	$47.5B
2018-12-31	$38.9B
2019-03-31	$42.9B
2019-06-30	$48.5B
2019-09-30	$76.8B
2019-12-31	$81.4B
2020-03-31	$117.2B
2020-06-30	$72.7B
2020-09-30	$76.8B
2020-12-31	$88.5B
2021-03-31	$95.9B
2021-06-30	$102.4B
2021-09-30	$100.9B
2021-12-31	$107.3B
2022-03-31	$98.5B
2022-06-30	$86.3B
2022-09-30	$84.2B
2022-12-31	$85.4T
2023-03-31	$87.6B
2023-06-30	$89.5B
2023-09-30	$85.7B
2023-12-31	$93.9B
2024-03-31	$101.1B
2024-06-30	$98.5B
2024-09-30	$102.6B
2024-12-31	$100.5B
2025-03-31	$96.5B
2025-06-30	$153.9B
2025-09-30	$169.8B
2025-12-31	$176.1B
2026-03-31	$155.1B
2026-06-30	$177.3B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	3.93%	$7.0bn	34.85M	+6.3% Added
AAPLApple Inc.	3.06%	$5.4bn	18.75M	+0.2%
MSFTMicrosoft Corporation	2.36%	$4.2bn	11.23M	+4.8% Added
GOOGLAlphabet Inc. (Class A)	2.12%	$3.8bn	10.54M	+6.4% Added
AMZNAmazon	2.12%	$3.8bn	15.74M	−7.2% Reduced
LLYLilly (Eli)	1.45%	$2.6bn	2.14M	+14.7% Added
AMDAdvanced Micro Devices	1.42%	$2.5bn	4.33M	−15.1% Reduced
AVGOBroadcom	1.18%	$2.1bn	5.56M	+7.9% Added
BACBank of America	1.01%	$1.8bn	31.44M	+23.8% Added
METAMeta Platforms	0.91%	$1.6bn	2.88M	+11.3% Added
UPSUnited Parcel Service	0.86%	$1.5bn	14.25M	+29.1% Added
CSCOCisco	0.85%	$1.5bn	12.80M	−16.1% Reduced
VVisa Inc.	0.82%	$1.5bn	4.25M	−13.3% Reduced
NRGNRG Energy	0.79%	$1.4bn	9.52M	+32.9% Added
LHLabcorp	0.76%	$1.4bn	4.84M	+4.5% Added
TSLATesla, Inc.	0.76%	$1.3bn	3.20M	+56.2% Added
SNPSSynopsys Inc	0.72%	$1.3bn	2.86M	+12.6% Added
MUMicron Technology	0.71%	$1.3bn	1.09M	+3.4% Added
KLACKLA Corporation	0.66%	$1.2bn	3.87M	+917.6% Added
AMATApplied Materials	0.64%	$1.1bn	1.57M	−1.0% Reduced
APHAmphenol	0.62%	$1.1bn	6.22M	−3.4% Reduced
VRTXVertex Pharmaceuticals	0.61%	$1.1bn	2.17M	+15.1% Added
RRXRegal Rexnord Corp	0.60%	$1.1bn	4.48M	+7.4% Added
MLMMartin Marietta Materials	0.58%	$1.0bn	1.78M	+8.9% Added
FCXFreeport-McMoRan	0.58%	$1.0bn	16.32M	+46.0% Added
UBERUber	0.55%	$968.3m	13.42M	+6.4% Added
ASMLAsml Holding NV	0.53%	$947.1m	476.0K	−12.9% Reduced
MCHPMicrochip Technology Inc	0.50%	$894.3m	9.81M	−16.3% Reduced
GEVGE Vernova	0.47%	$833.2m	709.2K	+28.9% Added
BJBj's Wholesale Club Holdings, Inc.	0.47%	$826.8m	9.48M	−15.8% Reduced
CEGConstellation Energy	0.45%	$803.2m	3.23M	+38.6% Added
JPMJPMorgan Chase	0.45%	$801.4m	2.45M	+1.4% Added
TFCTruist Financial	0.44%	$782.3m	15.70M	−41.7% Reduced
STTState Street Corporation	0.43%	$763.6m	4.50M	+128.5% Added
BKNGBooking Holdings	0.42%	$752.4m	4.22M	+2566.2% Added
ADBEAdobe Inc.	0.40%	$715.6m	3.49M	+34.9% Added
NOWServiceNow	0.40%	$711.2m	7.16M	−6.1% Reduced
SNDKSandisk	0.40%	$706.4m	310.7K	−22.9% Reduced
NFLXNetflix	0.40%	$702.5m	9.84M	+5.9% Added
DVNDevon Energy	0.40%	$702.1m	16.99M	+86.1% Added
JNJJohnson & Johnson	0.38%	$665.6m	2.62M	−23.6% Reduced
GSGoldman Sachs	0.37%	$663.0m	655.5K	+6.3% Added
QCOMQualcomm	0.37%	$660.9m	3.58M	+37.2% Added
TJXTJX Companies	0.36%	$644.3m	4.25M	+1.0% Added
ACNAccenture	0.36%	$637.9m	5.13M	+24.0% Added
IBMIBM	0.35%	$622.3m	2.21M	−26.7% Reduced
ESEversource Energy	0.35%	$618.2m	8.55M	+16.9% Added
LRCXLam Research	0.34%	$612.1m	1.41M	−7.0% Reduced
MAMastercard	0.34%	$604.6m	1.18M	−4.8% Reduced
CRMSalesforce	0.34%	$594.3m	3.79M	+54.0% Added
BMYBristol Myers Squibb	0.33%	$585.9m	10.17M	+11.1% Added
ETNEaton Corporation	0.32%	$568.5m	1.33M	+11.9% Added
USFDUS Foods Holding Corp.	0.31%	$556.6m	5.44M	−10.4% Reduced
TMUST-Mobile US	0.31%	$556.5m	3.32M	+91.4% Added
LOWLowe's	0.31%	$551.9m	2.50M	+7.4% Added
NEMNewmont	0.30%	$536.8m	5.75M	+19.0% Added
ROSTRoss Stores	0.30%	$536.5m	2.52M	−0.2%
MRKMerck & Co.	0.30%	$532.5m	4.14M	+9.3% Added
RFRegions Financial Corporation	0.30%	$524.2m	17.36M	+13.7% Added
ISRGIntuitive Surgical	0.29%	$517.4m	1.30M	+0.1%
PWRQuanta Services	0.29%	$515.4m	715.8K	−44.8% Reduced
CATCaterpillar Inc.	0.29%	$512.3m	481.1K	−5.8% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	0.29%	$508.7m	1.07M	+5.2% Added
CMSCMS Energy	0.28%	$504.6m	6.60M	−3.6% Reduced
MTZMastec Inc	0.28%	$503.5m	1.21M	−24.0% Reduced
EXEExpand Energy	0.28%	$492.1m	5.40M	+13.4% Added
LNTAlliant Energy	0.28%	$491.5m	6.44M	−11.0% Reduced
KEYSKeysight Technologies	0.28%	$489.9m	1.40M	−5.5% Reduced
ADIAnalog Devices	0.28%	$488.8m	1.23M	+23.1% Added
EMEEmcor	0.28%	$487.6m	587.5K	−21.8% Reduced
HBANHuntington Bancshares	0.27%	$486.3m	27.43M	+107.8% Added
WMBWilliams Companies	0.27%	$482.4m	6.49M	+41.7% Added
CAHCardinal Health	0.27%	$469.8m	1.98M	+42.6% Added
INTCIntel	0.26%	$468.8m	3.36M	+0.2%
USBU.S. Bancorp	0.26%	$461.5m	7.64M	+4.7% Added
ROKRockwell Automation	0.26%	$461.4m	932.0K	+23.1% Added
TXNTexas Instruments	0.26%	$458.9m	1.54M	−4.0% Reduced
MSIMotorola Solutions	0.26%	$455.9m	1.10M	+24.5% Added
PINSPinterest, Inc.	0.26%	$455.9m	21.68M	−5.2% Reduced
MOHMolina Healthcare, Inc.	0.26%	$453.0m	1.98M	−4.4% Reduced
BABoeing	0.25%	$444.7m	2.05M	+81.1% Added
CRHCRH plc	0.25%	$440.6m	4.12M	−3.1% Reduced
PKGPackaging Corporation of America	0.25%	$436.3m	1.83M	−9.5% Reduced
WMTWalmart	0.24%	$434.8m	3.84M	−6.9% Reduced
EXPEExpedia Group	0.24%	$434.6m	1.70M	−11.3% Reduced
CSXCSX Corporation	0.24%	$430.9m	9.07M	−20.4% Reduced
SHOPShopify Inc.	0.24%	$425.0m	3.72M	+46.2% Added
RPMRPM International Inc	0.24%	$425.0m	3.82M	−1.7% Reduced
CARRCarrier Global	0.24%	$419.3m	5.72M	−3.8% Reduced
ORLYO'Reilly Automotive	0.23%	$410.2m	4.45M	−3.8% Reduced
HUBBHubbell Incorporated	0.23%	$407.7m	779.3K	+9.8% Added
RVTYRevvity	0.23%	$405.6m	3.65M	+8.1% Added
ABBVAbbVie	0.22%	$398.0m	1.58M	+3.8% Added
CPTCamden Property Trust	0.22%	$397.5m	3.47M	+17.8% Added
LNGCheniere Energy, Inc.	0.22%	$394.2m	1.65M	+43.8% Added
HLTHilton Worldwide	0.22%	$385.2m	1.17M	+19.9% Added
PANWPalo Alto Networks	0.21%	$379.9m	1.11M	−3.4% Reduced
CNCCentene Corporation	0.21%	$377.7m	5.88M	+98.0% Added
KNXKnight-swift Transportation Holdings Inc.	0.21%	$372.8m	4.79M	−24.4% Reduced
HIGThe Hartford	0.21%	$370.4m	2.79M	−7.1% Reduced
LECOLincoln Electric Holdings Inc	0.21%	$369.3m	1.39M	−6.2% Reduced
GLWCorning Inc.	0.21%	$368.9m	1.44M	+85.1% Added
ADMArcher Daniels Midland	0.21%	$367.5m	4.81M	−16.5% Reduced
AWKAmerican Water Works	0.21%	$366.8m	2.79M	+11.5% Added
LAMRLamar Advertising Co	0.21%	$365.4m	2.34M	−19.5% Reduced
ICEIntercontinental Exchange	0.20%	$363.6m	2.95M	−3.8% Reduced
RJFRaymond James Financial	0.20%	$354.0m	2.33M	−6.5% Reduced
TXRHTexas Roadhouse, Inc.	0.20%	$352.4m	1.82M	+12.7% Added
LINLinde plc	0.20%	$349.5m	673.5K	+18.5% Added
IEXIDEX Corporation	0.20%	$346.4m	1.53M	+0.9% Added
SPOTSpotify Technology S.a.	0.19%	$342.2m	745.2K	+29.6% Added
ELSEquity Lifestyle Properties Inc	0.19%	$339.2m	5.26M	−3.1% Reduced
WSMWilliams-Sonoma, Inc.	0.19%	$338.1m	1.45M	−9.9% Reduced
FFIVF5, Inc.	0.19%	$333.4m	801.5K	−21.5% Reduced
TTCToro Co	0.19%	$331.0m	3.40M	+13.0% Added
PEPPepsiCo	0.19%	$330.4m	2.44M	−1.1% Reduced
HALHalliburton	0.18%	$328.7m	9.68M	+963.8% Added
DGXQuest Diagnostics	0.18%	$328.6m	1.55M	−16.0% Reduced
CHRWC.H. Robinson	0.18%	$327.3m	1.74M	+286.2% Added
COSTCostco	0.18%	$324.9m	347.3K	−8.7% Reduced
ARMKAramark	0.18%	$324.2m	5.70M	+13504.5% Added
BWABorgwarner Inc	0.18%	$324.0m	4.88M	+4.9% Added
DINOHF Sinclair Corp	0.18%	$322.9m	4.64M	+9.8% Added
CFGCitizens Financial Group	0.18%	$322.2m	4.60M	+12.2% Added
AZOAutoZone	0.18%	$321.6m	100.6K	−0.5% Reduced
ATRAptargroup, Inc.	0.18%	$319.8m	2.55M	+5.6% Added
ABNBAirbnb	0.18%	$319.6m	2.23M	+18.2% Added
EOGEOG Resources	0.18%	$319.4m	2.46M	+123.0% Added
DDDuPont	0.18%	$319.1m	2.35M	New
INTUIntuit	0.18%	$318.2m	1.22M	+1.4% Added
TMOThermo Fisher Scientific	0.17%	$309.3m	617.0K	−1.7% Reduced
STLDSteel Dynamics	0.17%	$309.0m	1.35M	−30.8% Reduced
COPConocoPhillips	0.17%	$308.5m	2.97M	+100.2% Added
KEYKeyCorp	0.17%	$305.5m	13.26M	+11.8% Added
BKRBaker Hughes	0.17%	$299.7m	5.40M	+6.4% Added
CICigna	0.17%	$297.8m	1.08M	−2.8% Reduced
OKTAOkta, Inc.	0.17%	$296.7m	2.17M	+57.3% Added
CRCrane Co	0.17%	$295.7m	1.33M	+15074.5% Added
SAROStandardaero, Inc.	0.17%	$294.4m	9.84M	+3.5% Added
PAGPenske Automotive Group, Inc.	0.17%	$293.9m	1.64M	−0.7% Reduced
LHXL3Harris	0.16%	$288.7m	993.6K	+12.0% Added
HDThe Home Depot	0.16%	$284.9m	807.6K	−55.0% Reduced
NNNNNN Reit, Inc.	0.16%	$281.6m	6.05M	−27.3% Reduced
CACICACI International Inc	0.16%	$279.8m	603.9K	+2.5% Added
GILDGilead Sciences	0.16%	$278.3m	2.20M	+1.9% Added
RSGRepublic Services	0.15%	$275.3m	1.29M	+5.6% Added
MKSIMKS Inc	0.15%	$270.9m	609.0K	−30.7% Reduced
PAYXPaychex	0.15%	$269.5m	2.74M	+95.8% Added
VRTVertiv	0.15%	$266.9m	797.2K	−10.0% Reduced
CFCF Industries	0.15%	$262.8m	2.43M	+9.4% Added

Company	Bought (value)	Shares
KLACKLA Corporation	$1.1bn	3.49M
BKNGBooking Holdings	$724.1m	4.06M
TSLATesla, Inc.	$484.0m	1.15M
STTState Street Corporation	$429.4m	2.53M
NVDANVIDIA Corporation	$413.8m	2.07M
UPSUnited Parcel Service	$345.1m	3.21M
NRGNRG Energy	$344.6m	2.36M
BACBank of America	$344.2m	6.04M
LLYLilly (Eli)	$329.4m	274.6K
DVNDevon Energy	$324.8m	7.86M
FCXFreeport-McMoRan	$323.2m	5.14M
ARMKAramark	$321.8m	5.66M
DDDuPont	$319.1m	2.35M
HALHalliburton	$297.8m	8.77M
CRCrane Co	$293.8m	1.32M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
TFCTruist Financial	−$559.7m	−11.23M
AMDAdvanced Micro Devices	−$446.3m	−768.3K
PWRQuanta Services	−$418.0m	−580.5K
DELLDell Technologies	−$373.3m	−865.2K
HDThe Home Depot	−$348.8m	−988.9K
AMZNAmazon	−$289.4m	−1.21M
CSCOCisco	−$287.5m	−2.45M
AEPAmerican Electric Power	−$270.7m	−1.98M
WTWWillis Towers Watson	−$267.1m	−1.02M
ELThe Estée Lauder Companies	−$244.6m	−3.10M
IQVIQVIA	−$236.7m	−1.22M
APOApollo Global Management	−$235.3m	−1.99M
IBMIBM	−$226.2m	−804.5K
VVisa Inc.	−$223.7m	−652.0K
LSTRLandstar System Inc	−$220.2m	−1.06M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
FNVFranco Nevada Corp	$119.5m	483.6K
PRSUPursuit Attractions & Hospitality, Inc.	$49.2m	1.34M
SUNBSunbelt Rentals Holdings, Inc.	$38.0m	799.0K
FLNGFlex LNG Ltd.	$24.4m	372.1K
SRADSportradar Group AG	$15.3m	916.4K
BIRKBirkenstock Holding plc	$9.2m	257.8K
UBSUBS Group AG	$9.0m	294.1K
ACTEnact Holdings, Inc.	$8.8m	214.5K
CPCanadian Pacific Kansas City LTD	$3.8m	35.1K
TPBTurning Point Brands, Inc.	$3.3m	37.6K
TRPTC Energy Corp	$3.1m	35.6K
WCNWaste Connections, Inc.	$3.1m	13.6K
TREELendingtree, Inc.	$2.3m	52.8K
DRVNDriven Brands Holdings Inc.	$2.2m	177.3K
MBXMBX Biosciences, Inc.	$2.1m	71.0K
BCEBCE Inc	$2.0m	56.7K
VTOLBristow Group Inc.	$1.8m	38.7K
AZNAstrazeneca PLC	$1.8m	11.3K
GNKGenco Shipping & Trading LTD	$1.7m	77.5K
DFINDonnelley Financial Solutions, Inc.	$988,903	21.0K
ANGIAngi Inc.	$862,340	125.9K
SNDSmart Sand, Inc.	$686,228	134.0K
LIFEEthos Technologies Inc.	$681,370	61.0K
CTGOContango Silver & Gold Inc.	$585,094	31.2K
CABOCable One, Inc.	$557,293	6.1K
HCKTHackett Group, Inc.	$552,964	42.5K
OOMAOoma Inc	$546,280	37.5K
WIXWix.com Ltd.	$544,023	6.0K
ERIIEnergy Recovery, Inc.	$535,855	53.2K
LYTSLSI Industries Inc	$526,287	28.3K

Technology30.7%
Industrials13.2%
Financials11.8%
Health Care10.1%
Consumer Discretionary9.5%
Communication Services5.6%
Materials4.8%
Energy4.5%
Utilities4.2%
Consumer Staples3.7%
Real Estate2.0%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestMarch 14, 2014 to November 2, 2026	+12.7%	+13.7%	0.66	0.74	−35.7%	1.03
2018 onwardsJanuary 5, 2018 to November 2, 2026	+11.7%	+13.9%	0.53	0.66	−35.7%	1.02
Last three yearsNovember 3, 2023 to November 2, 2026	+18.1%	+21.8%	0.98	1.16	−18.0%	0.89
Last yearNovember 7, 2025 to November 2, 2026	+15.7%	+14.2%	1.06	0.84	−7.3%	0.80

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.