VICTORY CAPITAL MANAGEMENT INC
CIK
1040188
Location
San Antonio, TX
Portfolio Value
Large
$40,118,523,945
Diversification
Diversified
Filing Date
Global Rank
#54
/ 8,588
▼ 3
Top Industry
Semiconductors
8.0%
3Y Alpha vs SPY
-5.1%
Period ended 3 months ago
Filed May 15, 2026 · 33d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+56.3%
SPY
+76.8%
Annualised alpha
-4.9%
Max drawdown
−20.4%
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
2,262 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
3.9%
−0.5 pts
Top 5
14.3%
−3.3 pts
Top 10
19.5%
−4.5 pts
HHI
69
Diversified−25
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 27.6% | $40,118,523,945 |
| Financial Services | 12.3% | $17,823,520,153 |
| Industrials | 11.8% | $17,210,215,189 |
| Consumer Cyclical | 10.8% | $15,701,861,773 |
| Healthcare | 10.2% | $14,819,241,253 |
| Communication Services | 5.9% | $8,546,179,187 |
| Energy | 5.6% | $8,096,020,607 |
| Basic Materials | 4.7% | $6,884,275,159 |
| Consumer Defensive | 4.5% | $6,592,346,767 |
| Utilities | 4.3% | $6,190,158,342 |
| Real Estate | 2.3% | $3,379,149,989 |
| Unclassified | 0.1% | $76,126,878 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | $287,677,952 | |
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | |
| PIPR | Piper Sandler Companies | 9,833 | $835,092 | |
| SKYT | SkyWater Technology, Inc | 43,662 | $792,901 | |
| KOF | Coca Cola Femsa Sab De CV | 8,351 | $790,923 | |
| No positions match the current search. | ||||
348 positions ·
$40,118,523,945 total
· Technology only
· 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 348 positions by value
· page 1 of 7
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| GPRO |
GoPro, Inc.
Technology
|
Reduced | 13,338 | $10,270 | 0.00% | |
| RXT |
Rackspace Technology, Inc.
Technology
|
Added | 11,194 | $10,970 | 0.00% | |
| REKR |
Rekor Systems, Inc.
Technology
|
Added | 15,072 | $12,359 | 0.00% | |
| AIFC |
AI Financial Corp
Technology
|
Added | 14,115 | $15,667 | 0.00% | |
| CNDT |
CONDUENT Inc
Technology
|
Reduced | 15,508 | $19,850 | 0.00% | |
| MVIS |
Microvision, Inc.
Technology
|
Reduced | 34,630 | $22,163 | 0.00% | |
| DVLT |
Datavault AI Inc.
Technology
|
Added | 36,909 | $22,883 | 0.00% | |
| EGHT |
8X8 Inc /De/
Technology
|
Added | 15,327 | $25,442 | 0.00% | |
| SMRT |
SmartRent, Inc.
Technology
|
Added | 18,941 | $28,411 | 0.00% | |
| DDD |
3D Systems Corp
Technology
|
Added | 16,008 | $30,095 | 0.00% | |
| APPS |
Digital Turbine, Inc.
Technology
|
Added | 12,135 | $34,948 | 0.00% | |
| BLND |
Blend Labs, Inc.
Technology
|
Reduced | 20,568 | $34,965 | 0.00% | |
| AIOT |
Powerfleet, Inc.
Technology
|
Reduced | 14,286 | $44,000 | 0.00% | |
| NABL |
N-able, Inc.
Technology
|
Reduced | 11,437 | $53,410 | 0.00% | |
| INDI |
indie Semiconductor, Inc.
Technology
|
Added | 23,373 | $75,261 | 0.00% | |
| KDK |
Kodiak AI, Inc.
Technology
|
Added | 10,907 | $75,694 | 0.00% | |
| SABR |
Sabre Corp
Technology
|
Reduced | 53,639 | $77,776 | 0.00% | |
| BTDR |
Bitdeer Technologies Group
Technology
|
Reduced | 14,101 | $121,973 | 0.00% | |
| SHLS |
Shoals Technologies Group, Inc.
Technology
|
Reduced | 18,784 | $123,598 | 0.00% | |
| AI |
C3.ai, Inc.
Technology
|
Reduced | 14,767 | $124,338 | 0.00% | |
| ARRY |
Array Technologies, Inc.
Technology
|
Reduced | 17,211 | $124,435 | 0.00% | |
| VYX |
NCR Voyix Corp
Technology
|
Reduced | 19,917 | $126,074 | 0.00% | |
| FLYW |
Flywire Corp
Technology
|
Reduced | 12,588 | $146,524 | 0.00% | |
| AVPT |
AvePoint, Inc.
Technology
|
Reduced | 15,582 | $148,184 | 0.00% | |
| QUBT |
Quantum Computing Inc.
Technology
|
Reduced | 22,580 | $154,673 | 0.00% | |
| MQ |
Marqeta, Inc.
Technology
|
Reduced | 39,876 | $162,694 | 0.00% | |
| CLBT |
Cellebrite DI Ltd.
Technology
|
Added | 13,310 | $183,411 | 0.00% | |
| NCNO |
nCino, Inc.
Technology
|
Reduced | 12,550 | $187,999 | 0.00% | |
| BBAI |
BigBear.ai Holdings, Inc.
Technology
|
Added | 53,876 | $189,643 | 0.00% | |
| CTS |
Cts Corp
Technology
|
NEW | 4,411 | $210,669 | 0.00% | |
| DAKT |
Daktronics Inc /Sd/
Technology
|
Reduced | 10,808 | $211,296 | 0.00% | |
| INTA |
Intapp, Inc.
Technology
|
Reduced | 8,254 | $212,045 | 0.00% | |
| CNXN |
Pc Connection Inc
Technology
|
Reduced | 4,012 | $234,541 | 0.00% | |
| AMBA |
Ambarella Inc
Technology
|
Reduced | 4,659 | $239,845 | 0.00% | |
| SONO |
Sonos Inc
Technology
|
Added | 18,948 | $253,903 | 0.00% | |
| SOUN |
Soundhound Ai, Inc.
Technology
|
Added | 43,631 | $299,744 | 0.00% | |
| TASK |
TaskUs, Inc.
Technology
|
Added | 48,865 | $327,884 | 0.00% | |
| AXTI |
Axt Inc
Technology
|
NEW | 5,857 | $333,731 | 0.00% | |
| WK |
Workiva Inc
Technology
|
Added | 5,766 | $343,826 | 0.00% | |
| CHYM |
Chime Financial, Inc.
Technology
|
Reduced | 18,427 | $345,137 | 0.00% | |
| TBCH |
Turtle Beach Corp
Technology
|
Added | 37,826 | $383,555 | 0.00% | |
| CCC |
CCC Intelligent Solutions Holdings Inc.
Technology
|
Reduced | 65,126 | $390,756 | 0.00% | |
| ZETA |
Zeta Global Holdings Corp.
Technology
|
Added | 24,575 | $391,234 | 0.00% | |
| FOUR |
Shift4 Payments, Inc.
Technology
|
Reduced | 9,085 | $397,287 | 0.00% | |
| FIG |
Figma, Inc.
Technology
|
Added | 20,971 | $443,326 | 0.00% | |
| DAVE |
Dave Inc./DE
Technology
|
Reduced | 2,561 | $445,844 | 0.00% | |
| VISN |
Vistance Networks, Inc.
Technology
|
Added | 24,829 | $451,887 | 0.00% | |
| FSLY |
Fastly, Inc.
Technology
|
Added | 15,857 | $460,804 | 0.00% | |
| IPGP |
Ipg Photonics Corp
Technology
|
Added | 4,028 | $461,568 | 0.00% | |
| AVNW |
Aviat Networks, Inc.
Technology
|
Reduced | 20,650 | $466,896 | 0.00% |