Q2 2026 13F · SEC CIK 1040188

Victory Capital Management Inc

Mutual fund managerFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $177.3B
Reported positions: 2,456
Top holdings a year, 3 yrs: +25.7%
Assets under management: $282.7B

Victory Capital Management Inc is a mutual fund manager that reported 2,456 positions worth $177.3B in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were Nvidia Corporation Com (NVDA, 3.9%), Apple Inc (AAPL, 3.1%), Microsoft Corp (MSFT, 2.4%). A portfolio copying its top holdings returned 25.7% a year over the last 3 years, against 20.4% for the S&P 500.

Victory Capital Management Inc holdings largest 50 of 2,456 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Victory Capital Management Inc 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	3.9%	3.7%	34,853,857	+6.3%	$7.0B
AAPLApple Inc	3.1%	3.1%	18,748,292	+0.2%	$5.4B
MSFTMicrosoft Corp	2.4%	2.6%	11,231,028	+4.8%	$4.2B
GOOGLAlphabet Inc	2.1%	1.8%	10,538,377	+6.4%	$3.8B
AMZNAmazon Com Inc Com	2.1%	2.3%	15,743,243	-7.2%	$3.8B
LLYLilly Eli & Co	1.4%	1.1%	2,141,447	+14.7%	$2.6B
AMDAdvanced Micro Devices Inc	1.4%	0.7%	4,325,880	-15.1%	$2.5B
GOOGAlphabet Inc	1.2%	1.1%	6,181,965	+6.9%	$2.2B
AVGOBroadcom Inc	1.2%	1.0%	5,555,094	+7.9%	$2.1B
BACBank of Amer Corp	1.0%	0.8%	31,441,932	+23.8%	$1.8B
METAMeta Platforms Inc Class A	0.9%	1.0%	2,877,996	+11.3%	$1.6B
UPSUnited Parcel Svcs Inc Cl B	0.9%	0.7%	14,251,075	+29.1%	$1.5B
CSCOCisco Sys Inc	0.8%	0.8%	12,802,148	-16.1%	$1.5B
VVisa Inc Com Cl A	0.8%	1.0%	4,253,298	-13.3%	$1.5B
NRGNrg Energy Inc	0.8%	0.7%	9,524,776	+32.9%	$1.4B
LHLabcorp Holdings Inc	0.8%	0.8%	4,837,573	+4.5%	$1.4B
TSLATesla Inc Com	0.8%	0.5%	3,199,616	+56.2%	$1.3B
SNPSSynopsys Inc	0.7%	0.6%	2,860,290	+12.6%	$1.3B
MUMicron Technology Inc	0.7%	—	1,090,355	—	$1.3B
KLACKla Corp	0.7%	0.4%	3,872,736	+917.6%	$1.2B
AMATApplied Matls Inc	0.6%	—	1,569,763	—	$1.1B
APHAmphenol Corp	0.6%	0.5%	6,221,795	-3.4%	$1.1B
VRTXVertex Pharmaceuticals Inc	0.6%	0.5%	2,173,152	+15.1%	$1.1B
RRXRegal Rexnord Corp.	0.6%	0.5%	4,484,153	+7.4%	$1.1B
MLMMartin Marietta Matls Inc	0.6%	0.6%	1,783,432	+8.9%	$1.0B
FCXFreeport Mcmoran Inc Cl B	0.6%	0.4%	16,319,528	+46.0%	$1.0B
UBERUber Technologies Inc	0.5%	0.6%	13,418,234	+6.4%	$968.3M
ASMLAsml Hldg NV	0.5%	0.5%	476,010	-12.9%	$947.1M
MCHPMicrochip Tech Inc	0.5%	0.5%	9,806,001	-16.3%	$894.3M
GEVGe Vernova Inc	0.5%	—	709,173	—	$833.2M
BJBjs Whsl Club Hldgs Inc	0.5%	0.7%	9,479,369	-15.8%	$826.8M
CEGConstellation Energy Corp	0.5%	0.4%	3,233,698	+38.6%	$803.2M
JPMJpmorgan Chase & Co	0.5%	0.5%	2,448,359	+1.4%	$801.4M
TFCTruist Financial Ord Shs	0.4%	0.8%	15,702,067	-41.7%	$782.3M
STTState Str Corp	0.4%	—	4,502,183	—	$763.6M
BKNGBooking Holdings Inc Com	0.4%	0.4%	4,220,949	+2566.2%	$752.4M
ADBEAdobe Inc	0.4%	0.4%	3,490,203	+34.9%	$715.6M
NOWServicenow Inc Com	0.4%	0.5%	7,163,661	-6.1%	$711.2M
SNDKSandisk Corp	0.4%	—	310,668	—	$706.4M
NFLXNetflix Inc Total	0.4%	0.6%	9,838,548	+5.9%	$702.5M
DVNDevon Energy Corp	0.4%	—	16,992,378	—	$702.1M
UITBVictory Portfolios II	0.4%	0.5%	14,850,508	+0.0%	$695.6M
JNJJohnson & Johnson	0.4%	0.5%	2,620,929	-23.6%	$665.6M
XOMExxon Mobil Corp	0.4%	0.4%	4,864,844	+38.8%	$665.1M
GSGoldman Sachs Group Inc	0.4%	—	655,492	—	$663.0M
QCOMQualcomm Inc	0.4%	—	3,576,365	—	$660.9M
TJXTjx Cos Inc New Com	0.4%	0.4%	4,252,665	+1.0%	$644.3M
ACNAccenture PLC Ireland Shs Class A	0.4%	0.5%	5,126,038	+24.0%	$637.9M
IBMInternational Business Machs	0.4%	0.5%	2,212,859	-26.7%	$622.3M
ESEversource Energy	0.3%	—	8,553,991	—	$618.2M

What Victory Capital Management Inc bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

BKNG Booking Holdings Inc Com+2566.2% shares
KLAC Kla Corp+917.6% shares
TSLA Tesla Inc Com+56.2% shares
FCX Freeport Mcmoran Inc Cl B+46.0% shares
XOM Exxon Mobil Corp+38.8% shares
CEG Constellation Energy Corp+38.6% shares
ADBE Adobe Inc+34.9% shares
NRG Nrg Energy Inc+32.9% shares

Reduced

TFC Truist Financial Ord Shs-41.7% shares
IBM International Business Machs-26.7% shares
JNJ Johnson & Johnson-23.6% shares
MCHP Microchip Tech Inc-16.3% shares
CSCO Cisco Sys Inc-16.1% shares
BJ Bjs Whsl Club Hldgs Inc-15.8% shares
AMD Advanced Micro Devices Inc-15.1% shares
V Visa Inc Com Cl A-13.3% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +18.0% /yr; S&P 500 +20.1%
3 years: +25.7% /yr; S&P 500 +20.4%
5 years: +14.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$177.3B	2,456
Q1 2026	$155.1B	2,384
Q4 2025	$176.1B	2,392
Q3 2025	$169.8B	2,383
Q2 2025	$153.9B	2,445
Q1 2025	$96.5B	2,439
Q4 2024	$100.5B	2,436
Q3 2024	$102.6B	2,448
Q2 2024	$98.5B	2,440
Q1 2024	$101.1B	2,440
Q4 2023	$93.9B	2,506
Q3 2023	$85.7B	2,487

Questions about Victory Capital Management Inc's portfolio

What stocks does Victory Capital Management Inc own?

Victory Capital Management Inc's latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 2,456 positions worth $177.3B. The largest are Nvidia Corporation Com (NVDA) at 3.9%, Apple Inc (AAPL) at 3.1%, Microsoft Corp (MSFT) at 2.4%, Alphabet Inc (GOOGL) at 2.1% and Amazon Com Inc Com (AMZN) at 2.1%.

What did Victory Capital Management Inc buy last quarter?

In Q2 2026, Victory Capital Management Inc added Booking Holdings Inc Com (BKNG) (+2566.2% shares), Kla Corp (KLAC) (+917.6% shares) and Tesla Inc Com (TSLA) (+56.2% shares), compared with its Q1 2026 filing.

What did Victory Capital Management Inc sell last quarter?

In Q2 2026, Victory Capital Management Inc cut from its top 50 Quanta Svcs Inc Com (PWR), cut from its top 50 Mastercard Inc. (MA), cut from its top 50 Intuitive Surgical Inc (ISRG), cut from its top 50 Home Depot Inc Com (HD), cut from its top 50 US Foods Hldg Corp (USFD), Truist Financial Ord Shs (TFC) (-41.7% shares), International Business Machs (IBM) (-26.7% shares) and Johnson & Johnson (JNJ) (-23.6% shares), compared with its Q1 2026 filing.

How has Victory Capital Management Inc's portfolio performed?

A portfolio copying Victory Capital Management Inc's 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +18.0% against +20.1%. Over 5 years: +14.1% a year against +11.6%.

When is Victory Capital Management Inc's next 13F filing due?

13F filings are due 45 days after each quarter ends. Victory Capital Management Inc's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Victory Capital Management Inc manage?

Victory Capital Management Inc reported $282.7B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $177.3B.