VICTORY CAPITAL MANAGEMENT INC
Follow13F filer, CIK 1040188, San Antonio, TX
VICTORY CAPITAL MANAGEMENT INC reported $171,012,461,570 across 2,415 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 24.19% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001040188-25-000097
- Period
- 2025-09-30
- Reported value
- $171B
- Holdings
- 2,415
- Top 10 weight
- 24.19%
- New
- 101
- Sold out
- 164
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| QCOMadded | +1,089,692 | $3.05B |
| SNPSadded | +1,990,608 | $716M |
| LLYadded | +744,868 | $500M |
| CSXadded | +10,625,745 | $377M |
| LOWadded | +1,388,133 | $349M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ORCLreduced | -1,970,289 | -$541M |
| ASMLreduced | -518,586 | -$502M |
| TECKreduced | -10,535,910 | -$462M |
| UBERreduced | -3,820,948 | -$385M |
| ETNreduced | -1,026,976 | -$384M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 2,383 share positions
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 | principal | 95,855,000 | $90.4M | -1,718,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 85,098,000 | $86.3M | -3,390,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 58,449,000 | $86M | +618,000 |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 75,559,000 | $76.2M | -13,291,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 70,023,000 | $75.1M | -1,249,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 54,777,000 | $70.6M | +407,000 |
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 74,258,000 | $67.9M | -1,075,000 |
| MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE 1.750% 5/1 | principal | 65,567,000 | $67.1M | +7,590,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 56,618,000 | $64.7M | -817,000 |
| SOUTHERN COSOUTHERN CO NOTE 3.875%12/1 | principal | 46,408,000 | $52.3M | -1,353,000 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 51,610,000 | $51.7M | -808,000 |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 38,931,000 | $44.4M | +20,093,000 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 41,029,000 | $37.2M | -372,000 |
| NEW MTN FIN CORPNEW MTN FIN CORP BOND | principal | 36,670,000 | $36.7M | -1,152,000 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 32,358,000 | $34.8M | -539,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 27,316,000 | $29.9M | -641,000 |
| REDWOOD TRUST INCREDWOOD TRUST INC Convertible | principal | 24,685,100 | $25.4M | +16,602,200 |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 21,300,000 | $23.6M | 0 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 24,493,000 | $23M | -469,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 14,357,000 | $18M | -575,000 |
| BIOMARIN PHARMACEUTICAL INCBIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 | principal | 18,702,000 | $17.7M | -552,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 15,531,000 | $17.7M | -375,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 12,724,000 | $15.6M | +6,314,000 |
| CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP Convertible Bond | principal | 13,235,000 | $13.2M | new |
| DEXCOM INCDEXCOM INC NOTE 0.250%11/1 | principal | 12,695,000 | $12.6M | -263,000 |
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 13,459,000 | $12.3M | -517,000 |
| BLOCK INCBLOCK INC NOTE 0.250%11/0 | principal | 12,480,000 | $11.4M | 0 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0 | principal | 7,910,000 | $9.48M | +2,500,000 |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1 | principal | 5,571,000 | $6.11M | -183,000 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 4,895,000 | $4.9M | +3,223,000 |
| BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 | principal | 4,230,000 | $4.17M | -3,000,000 |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 2,850,000 | $3.17M | -150,000 |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SouthState CorpSouthState Corp | 1,822,430 | $168M | shares |
| JUNIPER NETWORKS INCJUNIPER NETWORKS INC | 1,694,589 | $67.7M | shares |
| IGVISHARES TR | 553,316 | $60.6M | shares |
| NEXTERA ENERGY INCNEXTERA ENERGY INC | 1,278,272 | $50.8M | shares |
| BWLPBW LPG LTD | 3,308,727 | $39.7M | shares |
| SBLKSTAR BULK CARRIERS CORP. | 1,900,058 | $33.2M | shares |
| MRXMAREX GROUP PLC | 617,355 | $24.4M | shares |
| ANSYS INCANSYS INC | 66,376 | $23.3M | shares |
| MIDDLEBY CORPMIDDLEBY CORP | 18,733,000 | $21M | principal |
| PARSONS CORP DELPARSONS CORP DEL | 13,120,000 | $20.9M | principal |
| CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP | 13,400,000 | $13.2M | shares |
| HESS CORPHESS CORP | 80,881 | $11.2M | shares |
| SITIO ROYALTIES CORPSITIO ROYALTIES CORP | 607,355 | $11.2M | shares |
| JDJD.COM INC | 296,805 | $9.69M | shares |
| MTWMANITOWOC CO INC | 613,345 | $7.37M | shares |
| VIPER ENERGY INC-CL AVIPER ENERGY INC-CL A | 173,517 | $6.62M | shares |
| ACTENACT HLDGS INC | 164,585 | $6.11M | shares |
| CNICANADIAN NATL RY CO | 45,600 | $4.86M | shares |
| AMWDAMERICAN WOODMARK CORP | 88,303 | $4.71M | shares |
| FAXABRDN ASIA PACIFIC INCOME FU | 284,112 | $4.65M | shares |
| CPCANADIAN PACIFIC KANSAS CITY | 45,300 | $3.7M | shares |
| INFYINFOSYS LTD | 198,507 | $3.68M | shares |
| UAUNDER ARMOUR INC | 519,712 | $3.37M | shares |
| GOLDEN OCEAN GROUP LTDGOLDEN OCEAN GROUP LTD | 448,590 | $3.28M | shares |
| GMS INCGMS INC | 27,511 | $2.99M | shares |
| CPACOPA HOLDINGS SA | 25,842 | $2.84M | shares |
| CHAMPIONX CORPORATIONCHAMPIONX CORPORATION | 113,918 | $2.83M | shares |
| PACIFIC PREMIER BANCORP INCPACIFIC PREMIER BANCORP INC | 134,140 | $2.83M | shares |
| TRPTC ENERGY CORP | 53,100 | $2.55M | shares |
| CDNACAREDX INC | 123,639 | $2.42M | shares |
| MRC GLOBAL INCMRC GLOBAL INC | 176,095 | $2.41M | shares |
| HTHTH WORLD GROUP LTD | 69,491 | $2.36M | shares |
| HELEHELEN OF TROY LTD | 81,053 | $2.3M | shares |
| ACHACCENDRA HEALTH INC | 249,159 | $2.27M | shares |
| IBNICICI BK LTD | 66,024 | $2.22M | shares |
| EVERI HLDGS INCEVERI HLDGS INC | 155,612 | $2.22M | shares |
| AOSLALPHA & OMEGA SEMICONDUCTOR | 80,252 | $2.06M | shares |
| WK KELLOGG COWK KELLOGG CO | 127,439 | $2.03M | shares |
| ALGTALLEGIANT TRAVEL CO | 36,941 | $2.03M | shares |
| PBRPETROLEO BRASILEIRO S A | 147,871 | $1.85M | shares |
| AMEDISYS INCAMEDISYS INC | 18,652 | $1.84M | shares |
| WFWOORI FINL GROUP INC | 36,615 | $1.82M | shares |
| BABAALIBABA GROUP HLDG LTD | 15,770 | $1.79M | shares |
| BCEBCE INC | 78,000 | $1.78M | shares |
| KNSAKINIKSA PHARMACEUTICALS INTL | 58,964 | $1.63M | shares |
| BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP | 11,625 | $1.49M | shares |
| SMART GLOBAL HLDGS INCSMART GLOBAL HLDGS INC | 72,589 | $1.44M | shares |
| ZTOZTO EXPRESS CAYMAN INC | 78,069 | $1.39M | shares |
| TXTERNIUM SA | 45,584 | $1.37M | shares |
| KTKT CORP | 65,479 | $1.36M | shares |
| RDYDR REDDYS LABS LTD | 81,460 | $1.22M | shares |
| WITWIPRO LTD | 396,805 | $1.2M | shares |
| SKXSKECHERS U S A INC | 18,816 | $1.19M | shares |
| ENICENEL CHILE SA | 326,958 | $1.19M | shares |
| WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC | 102,689 | $1.18M | shares |
| PARAMOUNT GLOBALPARAMOUNT GLOBAL | 88,579 | $1.14M | shares |
| UBSUBS GROUP AG | 31,511 | $1.1M | shares |
| GLOBAL MED REIT INCGLOBAL MED REIT INC | 149,599 | $1.04M | shares |
| FOOT LOCKER INCFOOT LOCKER INC | 40,383 | $989K | shares |
| HTLDHEARTLAND EXPRESS INC | 104,372 | $902K | shares |
| VLRSCONTROLADORA VUELA COMP DE A | 184,952 | $879K | shares |
| UMCUNITED MICROELECTRONICS CORP | 104,945 | $803K | shares |
| PKXPOSCO HOLDINGS INC | 16,206 | $786K | shares |
| PTLOPORTILLOS INC | 65,529 | $765K | shares |
| REPLREPLIMUNE GROUP INC | 76,340 | $709K | shares |
| SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC | 13,219 | $621K | shares |
| GGALGRUPO FINANCIERO GALICIA S.A | 11,877 | $598K | shares |
| FNKOFUNKO INC | 124,832 | $594K | shares |
| SCHLSCHOLASTIC CORP | 27,235 | $571K | shares |
| NTESNETEASE COM INC | 4,199 | $565K | shares |
| HMCHONDA MOTOR CO LTD | 19,171 | $553K | shares |
| HDSNHUDSON TECHNOLOGIES INC | 65,109 | $529K | shares |
| IMVTIMMUNOVANT INC | 31,507 | $504K | shares |
| HCKTHACKETT GROUP INC | 19,182 | $488K | shares |
| NHCNATIONAL HEALTHCARE CORP | 4,465 | $478K | shares |
| EIGEMPLOYERS HLDGS INC | 9,579 | $452K | shares |
| TCOMTRIP COM GROUP LTD | 7,702 | $452K | shares |
| ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED | 1,332 | $448K | shares |
| CTSCTS CORP | 9,823 | $419K | shares |
| NKTRNEKTAR THERAPEUTICS | 14,137 | $365K | shares |
| UEICUNIVERSAL ELECTRS INC | 54,700 | $362K | shares |
| TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW | 14,059 | $362K | shares |
| DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC | 39,362 | $358K | shares |
| ARGXARGENX SE | 610 | $336K | shares |
| TIMBTIM S A | 16,572 | $333K | shares |
| CTBICOMMUNITY TR BANCORP INC | 6,215 | $329K | shares |
| PARPAR TECHNOLOGY CORP | 4,711 | $327K | shares |
| SPARTANNASH COSPARTANNASH CO | 12,240 | $324K | shares |
| LUCID GROUP INCLUCID GROUP INC | 142,503 | $301K | shares |
| MCHIISHARES TR | 5,449 | $300K | shares |
| MBUUMALIBU BOATS INC | 8,672 | $272K | shares |
| SBSISOUTHSIDE BANCSHARES INC | 9,198 | $271K | shares |
| MMYTMAKEMYTRIP LIMITED MAURITIUS | 2,664 | $261K | shares |
| AZTAAZENTA INC | 8,385 | $258K | shares |
| SKMSK TELECOM CO LTD | 11,021 | $257K | shares |
| EMBJEMBRAER S.A. | 4,453 | $253K | shares |
| VTMXVESTA REAL ESTATE CORP | 9,177 | $251K | shares |
| SBSCOMPANHIA DE SANEAMENTO BASI | 11,429 | $251K | shares |
| CBRLCRACKER BARREL OLD CTRY STOR | 4,076 | $249K | shares |
| SEMLER SCIENTIFIC INCSEMLER SCIENTIFIC INC | 6,386 | $247K | shares |
| PAXPATRIA INVESTMENTS LIMITED | 17,518 | $246K | shares |
| OSONESTREAM INC | 8,537 | $242K | shares |
| CCRNCROSS CTRY HEALTHCARE INC | 17,853 | $233K | shares |
| EGBNEAGLE BANCORPORATION INC | 11,956 | $233K | shares |
| NV5 HOLDINGS, INCNV5 HOLDINGS, INC | 10,056 | $232K | shares |
| TFINTRIUMPH FINANCIAL INC | 4,150 | $229K | shares |
| SDGRSCHRODINGER INC | 11,352 | $228K | shares |
| TNDMTANDEM DIABETES CARE INC | 12,160 | $227K | shares |
| MATWMATTHEWS INTL CORP | 9,102 | $218K | shares |
| DCGODOCGO INC | 136,151 | $214K | shares |
| NPKNATIONAL PRESTO INDS INC | 2,181 | $214K | shares |
| INDAISHARES TR | 3,729 | $208K | shares |
| PALPROFICIENT AUTO LOGISTICS IN | 27,965 | $203K | shares |
| PRAPROASSURANCE CORP | 8,883 | $203K | shares |
| UNITI GROUP INCUNITI GROUP INC | 43,561 | $188K | shares |
| PNRGPRIMEENERGY RESOURCES CORP | 1,243 | $182K | shares |
| XPELXPEL INC | 5,002 | $180K | shares |
| OCFCOCEANFIRST FINL CORP | 10,119 | $178K | shares |
| ROOKLINE BANCORP INC DELROOKLINE BANCORP INC DEL | 16,341 | $172K | shares |
| CORECARD CORPORATIONCORECARD CORPORATION | 5,684 | $165K | shares |
| RAILFREIGHTCAR AMER INC | 18,963 | $163K | shares |
| REDFIN CORPREDFIN CORP | 14,580 | $163K | shares |
| SENEASENECA FOODS CORP NEW | 1,581 | $160K | shares |
| NUSNU SKIN ENTERPRISES INC | 19,376 | $155K | shares |
| UTMDUTAH MED PRODS INC | 2,673 | $152K | shares |
| ASANASANA INC | 10,653 | $144K | shares |
| LYTSLSI INDS INC OHIO | 7,131 | $121K | shares |
| STAASTAAR SURGICAL CO | 7,223 | $121K | shares |
| BGSB & G FOODS INC | 28,428 | $120K | shares |
| OLO INCOLO INC | 13,368 | $119K | shares |
| MGMISTRAS GROUP INC | 14,310 | $115K | shares |
| SWBISMITH & WESSON BRANDS INC | 12,893 | $112K | shares |
| ULHUNIVERSAL LOGISTICS HLDGS IN | 4,382 | $111K | shares |
| RELLRICHARDSON ELECTRS LTD | 10,316 | $99.5K | shares |
| GEOSGEOSPACE TECHNOLOGIES CORP | 6,911 | $98.6K | shares |
| PMTSCPI CARD GROUP INC | 4,154 | $98.5K | shares |
| EDUNEW ORIENTAL ED & TECHNOLOGY | 1,628 | $87.8K | shares |
| E2OPEN PARENT HOLDINGS INCE2OPEN PARENT HOLDINGS INC | 27,176 | $87.8K | shares |
| OSURORASURE TECHNOLOGIES INC | 28,286 | $84.9K | shares |
| AVNWAVIAT NETWORKS INC | 3,059 | $73.6K | shares |
| RGPRESOURCES CONNECTION INC | 13,623 | $73.2K | shares |
| MRAMEVERSPIN TECHNOLOGIES INC | 11,032 | $69.4K | shares |
| FFFUTUREFUEL CORP | 17,778 | $69K | shares |
| HOVHOVNANIAN ENTERPRISES INC | 655 | $68.5K | shares |
| RCKYROCKY BRANDS INC | 2,710 | $60.1K | shares |
| DBIDESIGNER BRANDS INC | 23,100 | $55K | shares |
| JOUTJOHNSON OUTDOORS INC | 1,449 | $43.9K | shares |
| THTARGET HOSPITALITY CORP | 5,842 | $41.6K | shares |
| VYGRVOYAGER THERAPEUTICS INC | 12,892 | $40.1K | shares |
| CHARGEPOINT HLDGS INCCHARGEPOINT HLDGS INC | 48,317 | $34K | shares |
| DNUTKRISPY KREME INC | 10,417 | $30.3K | shares |
| CVGICOMMERCIAL VEH GROUP INC | 15,588 | $25.9K | shares |
| FORRFORRESTER RESH INC | 2,547 | $25.2K | shares |
| GRAFTECH INTL LTDGRAFTECH INTL LTD | 21,778 | $21.2K | shares |
| FOXFFOX FACTORY HLDG CORP | 801 | $20.8K | shares |
| AZEK CO INCAZEK CO INC | 342 | $18.6K | shares |
| AVDAMERICAN VANGUARD CORP | 3,996 | $15.7K | shares |
| AMNAMN HEALTHCARE SVCS INC | 679 | $14K | shares |
| VXRTVAXART INC COM NEW (DE) | 26,499 | $12K | shares |
| FARO TECHNOLOGIES INCFARO TECHNOLOGIES INC | 260 | $11.4K | shares |
| WOLFSPEED INCWOLFSPEED INC | 26,354 | $10.5K | shares |
| Leslie's IncLeslie's Inc | 21,361 | $8.97K | shares |
| ProKidney CorpProKidney Corp | 10,874 | $6.44K | shares |
| METCBRAMACO RES INC | 210 | $1.72K | shares |
How Q3 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001040188-25-000097 | base | 2025-11-12 | acceptance time not in the bulk data set |