VICTORY CAPITAL MANAGEMENT INC

CIK

1040188

Location

San Antonio, TX

Portfolio Value

Mega $144,770,863,600

Diversification

Diversified

Filing Date

Global Rank

#54 / 8,605 ▼ 3 · as of Mar 2026

Top Industry

Semiconductors 8.0%

3Y Alpha vs SPY

-4.4%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+57.3%

SPY

+76.5%

Annualised alpha

-4.6%

Max drawdown

−20.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

2,264 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.9%

−0.5 pts

Top 5

14.4%

−3.4 pts

Top 10

19.6%

−4.6 pts

HHI

Diversified−26

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	27.3%	$39,571,124,999	348
Financial Services	12.3%	$17,827,389,234	340
Industrials	11.9%	$17,200,012,837	332
Consumer Cyclical	10.4%	$15,045,051,844	260
Healthcare	10.2%	$14,817,240,936	351
Communication Services	5.9%	$8,546,179,187	87
Energy	5.6%	$8,096,020,607	121
Basic Materials	5.2%	$7,459,618,892	107
Consumer Defensive	4.5%	$6,562,694,854	102
Utilities	4.3%	$6,190,158,342	64
Real Estate	2.3%	$3,379,244,990	146
Unclassified	0.1%	$76,126,878	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CDE	Coeur Mining, Inc.	+7,246,616	8,506,495	$159,666,911
PR	Permian Resources Corp	+6,511,940	11,111,228	$236,891,380
DD	DuPont de Nemours, Inc.	+6,137,621	6,281,178	$863,033,857
BRSL	Brightstar Lottery PLC	+5,505,890	5,834,130	$74,326,816
SARO	StandardAero, Inc.	+4,466,723	9,507,446	$245,577,330
B	Barrick Mining Corp	+4,157,614	9,479,096	$386,652,325
SLB	Slb Limited/Nv	+4,103,504	7,838,119	$402,800,935
CRH	Crh Public Ltd Co	+4,025,422	4,248,353	$446,586,867
KEY	Keycorp /New/	+3,877,786	11,852,674	$237,646,113
NOW	ServiceNow, Inc.	+3,760,494	7,628,519	$797,561,661
GAP	Gap Inc	+3,183,982	5,439,181	$131,628,180
RVTY	Revvity, Inc.	+3,093,478	3,372,627	$295,475,851
MBLY	Mobileye Global Inc.	+3,075,172	3,099,147	$21,291,139
ACN	Accenture plc	+2,993,544	4,135,179	$819,964,643
TTC	Toro Co	+2,992,806	3,007,475	$281,018,464
CNC	Centene Corp	+2,723,120	2,972,260	$97,311,792
PTEN	Patterson Uti Energy Inc	+2,463,744	4,864,652	$52,684,181
DINO	HF Sinclair Corp	+2,427,808	4,222,772	$263,458,745
NFLX	Netflix Inc	+2,349,894	9,293,865	$893,605,119
WMT	Walmart Inc.	+2,135,215	4,124,223	$512,558,434
ET	Energy Transfer LP	+2,120,963	2,158,739	$41,663,662
SHOP	Shopify Inc.	+1,990,869	2,546,610	$302,078,878
LVS	Las Vegas Sands Corp	+1,964,922	2,238,796	$120,626,328
CDW	CDW Corp	+1,874,677	2,000,699	$242,124,592
FOXA	Fox Corp	+1,861,234	2,285,276	$133,460,118
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HBAN	Huntington Bancshares Inc /Md/	−24,211,065	13,201,924	$206,610,110
CTRA	Coterra Energy Inc.	−11,804,481	10,182,314	$357,806,513
RF	Regions Financial Corp	−7,572,121	15,264,042	$398,696,777
AMZN	Amazon Com Inc	−7,491,172	16,957,418	$3,531,721,446
BAC	Bank Of America Corp /De/	−6,523,171	25,400,756	$1,238,286,855
NVDA	Nvidia Corp	−6,281,037	32,786,013	$5,717,880,667
FCX	Freeport-Mcmoran Inc	−6,185,918	11,180,678	$657,200,252
CSCO	Cisco Systems, Inc.	−5,853,076	15,249,836	$1,183,234,775
FLG	Flagstar Bank, National Association	−5,765,624	450,642	$5,934,955
HOLX	HOLOGIC INC	−5,548,493	61,419	$4,642,662
TFC	Truist Financial Corp	−5,027,944	26,936,449	$1,238,268,560
DVN	Devon Energy Corp/De	−4,784,637	9,132,342	$459,539,449
TSCO	Tractor Supply Co /De/	−4,400,066	680,647	$30,833,309
PFE	Pfizer Inc	−4,287,366	15,508,999	$435,492,691
CPRT	Copart Inc	−4,282,618	4,253,499	$141,216,166
FNF	Fidelity National Financial, Inc.	−4,010,419	959,414	$44,497,621
PFGC	Performance Food Group Co	−3,983,166	387,829	$33,221,432
PINS	Pinterest, Inc.	−3,935,749	22,873,121	$419,493,039
AAPL	Apple Inc.	−3,548,157	18,706,629	$4,747,555,373
TXT	Textron Inc	−3,383,400	591,825	$51,820,197
AEP	American Electric Power Co Inc	−3,374,903	2,941,785	$385,609,177
APO	Apollo Global Management, Inc.	−2,970,758	2,118,873	$236,084,829
UPS	United Parcel Service Inc	−2,777,341	11,040,973	$1,086,210,923
GEN	Gen Digital Inc.	−2,726,716	602,021	$11,336,055
GOOGL	Alphabet Inc.	−2,682,023	9,903,111	$2,847,738,599
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AMRZ	Amrize Ltd	3,886,958	$217,747,386
BWLP	BW LPG Ltd	3,843,764	$66,766,180
QGEN	Qiagen N.V.	1,364,101	$54,618,604
SUNB	Sunbelt Rentals Holdings, Inc.	798,977	$52,005,412
SBLK	Star Bulk Carriers Corp.	1,920,289	$44,109,038
MEOH	Methanex Corp	347,795	$20,707,714
FSK	FS KKR Capital Corp	1,498,474	$15,254,465
AMCR	Amcor plc	356,974	$14,189,716
UBS	UBS Group AG	294,057	$11,488,806
FLNG	Flex LNG Ltd.	372,073	$11,054,288
NU	Nu Holdings Ltd.	742,542	$10,670,328
BIPC	Brookfield Infrastructure Corp	208,953	$8,257,822
MFIC	MidCap Financial Investment Corp	654,211	$7,353,331
USO	United States Oil Fund, LP	45,450	$5,783,512
NAMS	NewAmsterdam Pharma Co N.V.	172,663	$5,526,942
VSNT	Versant Media Group, Inc.	126,851	$4,696,024
FPS	Forgent Power Solutions, Inc.	155,132	$4,540,713
PLPC	Preformed Line Products Co	15,989	$4,329,021
PNFP	Pinnacle Financial Partners, Inc.	42,213	$3,636,227
AXGN	Axogen, Inc.	105,879	$3,507,771
BH-A	Biglari Holdings Inc.	1,977	$3,445,297
AG	First Majestic Silver Corp	156,995	$3,372,252
ADNT	Adient plc	154,314	$3,118,685
TCPC	BlackRock TCP Capital Corp.	838,423	$3,026,707
UL	Unilever PLC	52,106	$2,968,478
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BUD	Anheuser-Busch InBev SA/NV	986,538	$63,177,893
CIGI	Colliers International Group Inc.	284,150	$41,772,891
MLCO	Melco Resorts & Entertainment LTD	2,351,536	$17,801,126
NOMD	Nomad Foods Ltd	1,298,116	$16,239,431
FUBO	FuboTV Inc.	511,794	$15,476,650
BZ	Kanzhun Ltd	341,545	$6,960,687
EXAS	EXACT SCIENCES CORP	51,839	$5,264,768
JBGS	JBG SMITH Properties	275,151	$4,680,318
NICE	NICE Ltd.	30,630	$3,462,415
FOXF	Fox Factory Holding Corp	179,342	$3,068,541
CVI	Cvr Energy Inc	102,498	$2,607,549
PLAY	Dave & Buster's Entertainment, Inc.	139,422	$2,260,030
OUST	Ouster, Inc.	97,346	$2,106,567
INOD	Innodata Inc	40,034	$2,039,732
BLMN	Bloomin' Brands, Inc.	320,477	$1,977,343
MNDY	monday.com Ltd.	11,278	$1,664,181
AEHR	Aehr Test Systems	69,540	$1,404,012
CVE	Cenovus Energy Inc.	75,501	$1,277,476
PRCT	PROCEPT BioRobotics Corp	33,540	$1,055,168
TNC	Tennant Co	13,641	$1,005,341
ATRC	AtriCure, Inc.	24,843	$982,789
ZNB	Zeta Network Group	16,809	$974,922
SKYT	SkyWater Technology, Inc	43,662	$792,901
KOF	Coca Cola Femsa Sab De CV	8,351	$790,923
DSGX	Descartes Systems Group Inc	7,921	$694,354
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,264 positions · $144,770,863,600 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 2,264 positions by value · page 1 of 46

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	32,786,013	-6,281,037	$5,717,880,667	−21.5%	3.95%
AAPL	Apple Inc. Technology	Reduced	18,706,629	-3,548,157	$4,747,555,373	−21.5%	3.28%
MSFT	Microsoft Corp Technology	Reduced	10,712,913	-2,334,110	$3,965,599,005	−37.2%	2.74%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	16,957,418	-7,491,172	$3,531,721,446	−37.4%	2.44%
GOOGL	Alphabet Inc. Communication Services	Reduced	9,903,111	-2,682,023	$2,847,738,599	−27.7%	1.97%
LLY	ELI LILLY & Co Healthcare	Reduced	1,866,854	-816,537	$1,717,076,303	−40.5%	1.19%
AVGO	Broadcom Inc. Technology	Reduced	5,150,233	-501,675	$1,594,048,615	−18.5%	1.10%
V	Visa Inc. Financial Services	Reduced	4,905,279	-1,602,810	$1,482,571,524	−35.0%	1.02%
META	Meta Platforms, Inc. Communication Services	Added	2,584,702	+567,690	$1,478,785,555	+11.1%	1.02%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	25,400,756	-6,523,171	$1,238,286,855	−29.5%	0.86%
TFC	Truist Financial Corp Financial Services	Reduced	26,936,449	-5,027,944	$1,238,268,560	−21.3%	0.86%
LH	Labcorp Holdings Inc. Healthcare	Reduced	4,627,126	-729,699	$1,234,563,487	−8.1%	0.85%
CSCO	Cisco Systems, Inc. Technology	Reduced	15,249,836	-5,853,076	$1,183,234,775	−27.2%	0.82%
BJ	BJ's Wholesale Club Holdings, Inc. Consumer Defensive	Reduced	11,254,181	-1,676,107	$1,107,636,493	−4.9%	0.77%
UPS	United Parcel Service Inc Industrials	Reduced	11,040,973	-2,777,341	$1,086,210,923	−20.8%	0.75%
NRG	Nrg Energy, Inc. Utilities	Reduced	7,165,705	-510,808	$1,047,196,128	−14.3%	0.72%
AMD	Advanced Micro Devices Inc Technology	Reduced	5,094,196	-1,257,460	$1,036,312,292	−23.8%	0.72%
SNPS	Synopsys Inc Technology	Reduced	2,539,838	-190,805	$1,006,994,970	−21.5%	0.70%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	1,637,147	-811,781	$963,755,695	−36.8%	0.67%
UBER	Uber Technologies, Inc Technology	Reduced	12,613,697	-1,023,861	$907,303,225	−18.6%	0.63%
NFLX	Netflix Inc Communication Services	Added	9,293,865	+2,349,894	$893,605,119	+37.3%	0.62%
DD	DuPont de Nemours, Inc. Basic Materials	Added	6,281,178	+6,137,621	$863,033,857	+4884.9%	0.60%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	1,888,521	-1,468,245	$843,300,167	−44.6%	0.58%
JNJ	Johnson & Johnson Healthcare	Reduced	3,429,005	-775,381	$838,185,982	−3.7%	0.58%
ACN	Accenture plc Technology	Added	4,135,179	+2,993,544	$819,964,643	+167.7%	0.57%
APH	Amphenol Corp /De/ Technology	Reduced	6,442,036	-2,020,871	$813,951,248	−28.8%	0.56%
NOW	ServiceNow, Inc. Technology	Added	7,628,519	+3,760,494	$797,561,661	+34.6%	0.55%
RRX	Regal Rexnord Corp Industrials	Reduced	4,177,118	-1,481,247	$782,207,116	−1.5%	0.54%
TSLA	Tesla, Inc. Consumer Cyclical	Added	2,048,950	+126,711	$761,697,162	−11.9%	0.53%
MCHP	Microchip Technology Inc Technology	Reduced	11,713,122	-1,662,798	$756,784,812	−11.2%	0.52%
IBM	International Business Machines Corp Technology	Reduced	3,017,348	-1,565,470	$731,374,981	−46.1%	0.51%
ASML	Asml Holding NV Technology	Added	546,404	+419,248	$721,706,795	+430.5%	0.50%
PWR	Quanta Services, Inc. Industrials	Reduced	1,296,298	-1,619,142	$711,693,527	−42.2%	0.49%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	2,415,579	-111,424	$710,566,718	−12.7%	0.49%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	4,210,800	-820,685	$672,464,760	−13.0%	0.46%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	11,180,678	-6,185,918	$657,200,252	−25.5%	0.45%
CEG	Constellation Energy Corp Utilities	Added	2,333,632	+162,696	$651,666,736	−15.0%	0.45%
ADBE	Adobe Inc. Technology	Added	2,586,382	+669,580	$628,697,736	−6.3%	0.43%
MA	Mastercard Inc Financial Services	Reduced	1,236,533	-262,183	$617,846,078	−27.8%	0.43%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	1,299,442	-184,338	$599,029,767	−28.7%	0.41%
XOM	Exxon Mobil Corp Energy	Reduced	3,503,807	-588,930	$594,455,895	+20.7%	0.41%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	1,796,496	-295,949	$590,849,569	−17.9%	0.41%
USFD	US Foods Holding Corp. Consumer Defensive	Added	6,077,846	+1,261,519	$560,438,179	+54.5%	0.39%
BMY	Bristol Myers Squibb Co Healthcare	Added	9,151,211	+946,795	$555,020,947	+25.4%	0.38%
EME	EMCOR Group, Inc. Industrials	Reduced	751,050	-525,916	$554,507,725	−29.0%	0.38%
LOW	Lowes Companies Inc Consumer Cyclical	Added	2,330,207	+9,637	$550,581,309	−1.6%	0.38%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	2,525,025	-503,212	$546,996,165	+0.3%	0.38%
AMAT	Applied Materials Inc /De Technology	Reduced	1,586,115	-1,512,970	$542,118,245	−31.9%	0.37%
CMS	Cms Energy Corp Utilities	Reduced	6,839,262	-547,451	$530,589,945	+2.7%	0.37%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	4,829,752	-916,955	$522,820,654	−8.9%	0.36%