VICTORY CAPITAL MANAGEMENT INC
CIK
1040188
Location
San Antonio, TX
Portfolio Value
Large
$37,279,701,160
Diversification
Diversified
Filing Date
Global Rank
#66
/ 8,519
▼ 12
Top Industry
Semiconductors
8.9%
Period ended 56 days ago
Filed May 15, 2026 · 11d
46 quarters · since Sep 2013
Portfolio Concentration
2,253 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
4.7%
−0.0 pts
Top 5
17.0%
−1.9 pts
Top 10
23.2%
−2.5 pts
HHI
91
Diversified
−17
Portfolio Trend
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 30.5% | $37,279,701,160 |
| Financial Services | 13.3% | $16,232,411,192 |
| Industrials | 10.4% | $12,658,975,560 |
| Consumer Cyclical | 10.2% | $12,427,435,281 |
| Healthcare | 10.0% | $12,232,127,437 |
| Communication Services | 7.0% | $8,506,820,593 |
| Energy | 4.8% | $5,832,737,760 |
| Basic Materials | 4.5% | $5,522,034,346 |
| Utilities | 4.0% | $4,865,051,111 |
| Consumer Defensive | 3.6% | $4,349,929,124 |
| Real Estate | 1.7% | $2,103,667,996 |
| 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 |
|---|---|---|---|---|
| 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 |
| B | Barrick Mining Corp | +4,157,614 | 9,479,096 | $386,652,325 |
| 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 |
| 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 |
| 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 |
| FOXA | Fox Corp | +1,861,234 | 2,285,276 | $133,460,118 |
| GM | General Motors Co | +1,842,993 | 2,989,417 | $222,711,566 |
| MDT | Medtronic plc | +1,660,621 | 3,279,405 | $284,160,443 |
| EYE | National Vision Holdings, Inc. | +1,639,898 | 1,804,579 | $46,738,596 |
| ERAS | Erasca, Inc. | +1,636,106 | 1,654,497 | $26,769,761 |
| CPRI | Capri Holdings Ltd | +1,603,927 | 1,621,568 | $28,572,028 |
| F | Ford Motor Co | +1,472,092 | 8,814,185 | $101,715,694 |
| ZS | Zscaler, Inc. | +1,416,460 | 1,555,104 | $218,165,540 |
| ON | On Semiconductor Corp | +1,395,331 | 1,712,519 | $106,039,176 |
| No positions match the current search. | ||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value |
|---|---|---|---|---|
| HBAN | Huntington Bancshares Inc /Md/ | −23,125,065 | 13,201,924 | $206,610,110 |
| CTRA | Coterra Energy Inc. | −21,145,220 | 174,300 | $6,124,902 |
| DVN | Devon Energy Corp/De | −13,074,054 | 415,425 | $20,904,186 |
| BJ | BJ's Wholesale Club Holdings, Inc. | −12,803,563 | 126,725 | $12,472,274 |
| MCHP | Microchip Technology Inc | −12,781,520 | 306,800 | $19,822,348 |
| CSX | Csx Corp | −10,998,710 | 538,500 | $22,105,425 |
| LNT | Alliant Energy Corp | −7,788,368 | 368,100 | $26,414,856 |
| 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 |
| BKR | Baker Hughes Co | −7,211,582 | 188,575 | $11,512,503 |
| CMS | Cms Energy Corp | −6,825,263 | 274,800 | $21,318,984 |
| BAC | Bank Of America Corp /De/ | −6,523,171 | 25,400,756 | $1,238,286,855 |
| KNX | Knight-Swift Transportation Holdings Inc. | −6,521,955 | 312,800 | $18,011,024 |
| NVDA | Nvidia Corp | −6,281,037 | 32,786,013 | $5,717,880,667 |
| BWA | Borgwarner Inc | −6,248,787 | 233,500 | $12,669,710 |
| FCX | Freeport-Mcmoran Inc | −6,185,918 | 11,180,678 | $657,200,252 |
| ELS | Equity Lifestyle Properties Inc | −6,066,511 | 270,300 | $16,872,126 |
| 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 |
| RRX | Regal Rexnord Corp | −5,494,765 | 80,500 | $15,074,430 |
| HOLX | HOLOGIC INC | −5,258,693 | 61,419 | $4,642,662 |
| LH | Labcorp Holdings Inc. | −5,247,900 | 108,925 | $29,062,279 |
| TFC | Truist Financial Corp | −5,027,944 | 26,936,449 | $1,238,268,560 |
| TRMB | Trimble Inc. | −4,538,954 | 178,775 | $11,661,493 |
| USFD | US Foods Holding Corp. | −4,510,927 | 305,400 | $28,160,934 |
| No positions match the current search. | ||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value |
|---|---|---|---|
| EME | EMCOR Group, Inc. | 751,050 | $554,507,725 |
| MTZ | Mastec Inc | 1,592,523 | $512,378,350 |
| MSI | Motorola Solutions, Inc. | 881,810 | $382,679,085 |
| CI | Cigna Group | 1,111,794 | $296,571,049 |
| LIN | Linde Plc | 568,404 | $281,791,967 |
| AMRZ | Amrize Ltd | 3,886,958 | $217,747,386 |
| ANET | Arista Networks, Inc. | 1,308,491 | $160,656,524 |
| SSB | SouthState Bank Corp | 1,682,076 | $155,625,671 |
| UBSI | United Bankshares Inc/Wv | 3,119,919 | $129,227,044 |
| LVS | Las Vegas Sands Corp | 2,238,796 | $120,626,328 |
| EVRG | Evergy, Inc. | 1,435,064 | $117,560,442 |
| EXC | Exelon Corp | 2,381,160 | $116,724,463 |
| DECK | Deckers Outdoor Corp | 1,163,446 | $116,449,310 |
| UMBF | Umb Financial Corp | 979,052 | $110,427,275 |
| ALL | Allstate Corp | 495,395 | $102,715,199 |
| NBIX | Neurocrine Biosciences Inc | 731,609 | $96,382,169 |
| FCPT | Four Corners Property Trust, Inc. | 3,926,967 | $92,872,769 |
| MGRC | Mcgrath Rentcorp | 809,924 | $89,318,418 |
| FIX | Comfort Systems Usa Inc | 64,058 | $88,335,341 |
| SNA | Snap-on Inc | 242,984 | $88,256,648 |
| FERG | Ferguson Enterprises Inc. /DE/ | 338,710 | $79,007,494 |
| LAZ | Lazard, Inc. | 1,793,435 | $76,185,118 |
| RL | Ralph Lauren Corp | 218,810 | $75,268,451 |
| BRSL | Brightstar Lottery PLC | 5,834,130 | $74,326,816 |
| COHU | Cohu Inc | 2,306,491 | $70,624,754 |
| 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 | 2,231,388 | $16,891,607 |
| 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 |
| 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 |
| DSGX | Descartes Systems Group Inc | 7,921 | $694,354 |
| No positions match the current search. | |||
348 positions ·
$37,279,701,160 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 | Action |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Reduced | 32,786,013 | $5,717,880,667 | 15.34% | History |
| AAPL |
Apple Inc.
Technology
|
Reduced | 18,706,629 | $4,747,555,373 | 12.73% | History |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 10,712,913 | $3,965,599,005 | 10.64% | History |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 5,150,233 | $1,594,048,615 | 4.28% | History |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 15,249,836 | $1,183,234,775 | 3.17% | History |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 5,094,196 | $1,036,312,292 | 2.78% | History |
| SNPS |
Synopsys Inc
Technology
|
Reduced | 2,539,838 | $1,006,994,970 | 2.70% | History |
| UBER |
Uber Technologies, Inc
Technology
|
Reduced | 12,613,697 | $907,303,225 | 2.43% | History |
| ACN |
Accenture plc
Technology
|
Added | 4,135,179 | $819,964,643 | 2.20% | History |
| APH |
Amphenol Corp /De/
Technology
|
Reduced | 6,442,036 | $813,951,248 | 2.18% | History |
| NOW |
ServiceNow, Inc.
Technology
|
Added | 7,628,519 | $797,561,661 | 2.14% | History |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 3,017,348 | $731,374,981 | 1.96% | History |
| ASML |
Asml Holding Nv
Technology
|
Added | 546,404 | $721,706,795 | 1.94% | History |
| ADBE |
Adobe Inc.
Technology
|
Added | 2,586,382 | $628,697,736 | 1.69% | History |
| KLAC |
Kla Corp
Technology
|
Reduced | 380,557 | $560,335,932 | 1.50% | History |
| AMAT |
Applied Materials Inc /De
Technology
|
Reduced | 1,586,115 | $542,118,245 | 1.45% | History |
| INTU |
Intuit Inc.
Technology
|
Added | 1,201,979 | $519,711,680 | 1.39% | History |
| CRM |
Salesforce, Inc.
Technology
|
Added | 2,463,082 | $459,783,516 | 1.23% | History |
| MSI |
Motorola Solutions, Inc.
Technology
|
NEW | 881,810 | $382,679,085 | 1.03% | History |
| MU |
Micron Technology Inc
Technology
|
Added | 1,054,377 | $356,210,725 | 0.96% | History |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Reduced | 1,012,395 | $342,138,890 | 0.92% | History |
| QCOM |
Qualcomm Inc/De
Technology
|
Reduced | 2,607,185 | $335,753,284 | 0.90% | History |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 1,518,911 | $324,530,524 | 0.87% | History |
| ADI |
Analog Devices Inc
Technology
|
Added | 1,000,188 | $318,199,810 | 0.85% | History |
| TXN |
Texas Instruments Inc
Technology
|
Added | 1,603,874 | $311,376,098 | 0.84% | History |
| SHOP |
Shopify Inc.
Technology
|
Added | 2,546,610 | $302,078,878 | 0.81% | History |
| PLTR |
Palantir Technologies Inc.
Technology
|
Reduced | 2,040,997 | $298,557,041 | 0.80% | History |
| ADP |
Automatic Data Processing Inc
Technology
|
Added | 1,302,229 | $264,586,888 | 0.71% | History |
| SNDK |
Sandisk Corp
Technology
|
Added | 402,714 | $255,860,312 | 0.69% | History |
| NTAP |
NetApp, Inc.
Technology
|
Added | 2,210,284 | $226,310,978 | 0.61% | History |
| ZS |
Zscaler, Inc.
Technology
|
Added | 1,555,104 | $218,165,540 | 0.59% | History |
| DELL |
Dell Technologies Inc.
Technology
|
Added | 1,217,795 | $199,876,693 | 0.54% | History |
| CTSH |
Cognizant Technology Solutions Corp
Technology
|
Added | 3,088,877 | $189,502,603 | 0.51% | History |
| ZM |
Zoom Communications, Inc.
Technology
|
Added | 2,352,451 | $189,113,535 | 0.51% | History |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 1,153,523 | $184,932,807 | 0.50% | History |
| ANET |
Arista Networks, Inc.
Technology
|
NEW | 1,308,491 | $160,656,524 | 0.43% | History |
| CHKP |
Check Point Software Technologies Ltd
Technology
|
Reduced | 1,092,451 | $156,056,625 | 0.42% | History |
| WDAY |
Workday, Inc.
Technology
|
Added | 1,181,109 | $153,449,681 | 0.41% | History |
| INTC |
Intel Corp
Technology
|
Added | 3,351,846 | $147,916,963 | 0.40% | History |
| ORCL |
Oracle Corp
Technology
|
Reduced | 976,535 | $143,658,063 | 0.39% | History |
| FTNT |
Fortinet, Inc.
Technology
|
Added | 1,686,240 | $137,799,532 | 0.37% | History |
| WDC |
Western Digital Corp
Technology
|
Reduced | 497,009 | $134,435,964 | 0.36% | History |
| LDOS |
Leidos Holdings, Inc.
Technology
|
Added | 857,475 | $133,354,512 | 0.36% | History |
| PAYX |
Paychex Inc
Technology
|
Added | 1,399,866 | $128,955,655 | 0.35% | History |
| MPWR |
Monolithic Power Systems Inc
Technology
|
Reduced | 111,992 | $122,446,453 | 0.33% | History |
| ACLS |
Axcelis Technologies Inc
Technology
|
Reduced | 1,279,005 | $119,049,785 | 0.32% | History |
| P |
Everpure, Inc.
Technology
|
Reduced | 1,883,672 | $111,211,994 | 0.30% | History |
| OKTA |
Okta, Inc.
Technology
|
Added | 1,382,432 | $108,811,222 | 0.29% | History |
| GLW |
Corning Inc /Ny
Technology
|
Reduced | 780,395 | $106,110,308 | 0.28% | History |
| ON |
On Semiconductor Corp
Technology
|
Added | 1,712,519 | $106,039,176 | 0.28% | History |