VICTORY CAPITAL MANAGEMENT INC
Follow13F filer, CIK 1040188, San Antonio, TX
VICTORY CAPITAL MANAGEMENT INC reported $177,199,078,653 across 2,421 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 22.66% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001040188-26-000013
- Period
- 2025-12-31
- Reported value
- $177B
- Holdings
- 2,421
- Top 10 weight
- 22.66%
- New
- 126
- Sold out
- 120
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| AMZNadded | +5,171,543 | $1.19B |
| BACadded | +15,316,152 | $842M |
| NRGadded | +4,916,653 | $783M |
| AAPLadded | +2,769,814 | $753M |
| NVDAadded | +3,999,428 | $746M |
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 | -3,636,051 | -$709M |
| AMDreduced | -2,558,375 | -$548M |
| BKNGreduced | -71,241 | -$382M |
| PFGreduced | -3,314,910 | -$292M |
| TRUreduced | -3,188,762 | -$273M |
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 2,392 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 | 94,869,000 | $91M | -986,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 69,123,000 | $89.8M | +10,674,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 81,058,000 | $84.1M | -4,040,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 51,884,000 | $73.4M | -2,893,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 68,947,000 | $71.1M | -1,076,000 |
| MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE 1.750% 5/1 | principal | 70,123,000 | $69M | +4,556,000 |
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 75,128,000 | $67.4M | +870,000 |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 58,607,000 | $65.5M | -16,952,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 55,987,000 | $61.4M | -631,000 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 49,218,000 | $49M | -2,392,000 |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 46,030,000 | $47.4M | +7,099,000 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 39,654,000 | $35.6M | -1,375,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 29,715,000 | $34.7M | +16,991,000 |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 29,777,000 | $31.8M | +26,927,000 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 29,949,000 | $31.2M | -2,409,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 28,939,000 | $31M | +1,623,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 24,091,000 | $23.8M | -402,000 |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 21,300,000 | $23.4M | 0 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 15,000,000 | $17.9M | -531,000 |
| BIOMARIN PHARMACEUTICAL INCBIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 | principal | 18,095,000 | $17.3M | -607,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 13,941,000 | $17M | -416,000 |
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 13,166,000 | $12.1M | -293,000 |
| BLOCK INCBLOCK INC NOTE 0.250%11/0 | principal | 12,480,000 | $11.5M | 0 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0 | principal | 9,910,000 | $11.2M | +2,000,000 |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1 | principal | 5,396,000 | $5.46M | -175,000 |
| REDWOOD TRUST INCREDWOOD TRUST INC Convertible | principal | 32,458 | $179K | -24,652,642 |
| BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 | principal | 90,000 | $89.1K | -4,140,000 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN Convertible | principal | 555 | $79.1K | new |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 4 | $55 | -4,894,996 |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| QIAGEN N.V.QIAGEN N.V. | 1,656,165 | $74M | shares |
| CUSHMAN & WAKEFIELD UK HOLDCCUSHMAN & WAKEFIELD UK HOLDC | 4,572,316 | $72.8M | shares |
| VERITEX HLDGS INCVERITEX HLDGS INC | 1,622,610 | $54.4M | shares |
| SOUTHERN COSOUTHERN CO | 46,408,000 | $52.3M | principal |
| ASTEASTEC INDS INC | 1,021,430 | $49.2M | shares |
| NEW MTN FIN CORPNEW MTN FIN CORP | 36,670,000 | $36.7M | principal |
| LXPLXP INDUSTRIAL TRUST | 2,772,716 | $24.8M | shares |
| PREMIER INCPREMIER INC | 574,656 | $16M | shares |
| CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP | 13,235,000 | $13.2M | principal |
| HYLBDBX ETF TR | 349,188 | $13M | shares |
| DEXCOM INCDEXCOM INC | 12,695,000 | $12.6M | principal |
| MERUS N VMERUS N V | 131,432 | $12.4M | shares |
| GFSGLOBALFOUNDRIES INC | 240,941 | $8.64M | shares |
| KKELLANOVA | 94,806 | $7.78M | shares |
| BZHBEAZER HOMES USA INC | 302,810 | $7.43M | shares |
| IWVISHARES TR | 17,236 | $6.53M | shares |
| MDYSTATE STR SPDR S&P MIDCAP 40 | 9,795 | $5.84M | shares |
| JNKSPDR SERIES TRUST | 40,315 | $3.95M | shares |
| MR COOPER GROUP INCMR COOPER GROUP INC | 13,870 | $2.92M | shares |
| ADNTADIENT PLC | 114,486 | $2.76M | shares |
| ALEALLETE INC | 38,875 | $2.58M | shares |
| Vital Energy IncVital Energy Inc | 146,196 | $2.47M | shares |
| ALKTALKAMI TECHNOLOGY INC | 85,975 | $2.14M | shares |
| SPRYARS PHARMACEUTICALS INC | 199,153 | $2M | shares |
| VERINT SYS INCVERINT SYS INC | 93,096 | $1.89M | shares |
| GRPNGROUPON INC | 72,075 | $1.68M | shares |
| INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS | 54,569 | $1.52M | shares |
| INTEGRAL AD SCIENCE HLDNG COINTEGRAL AD SCIENCE HLDNG CO | 147,573 | $1.5M | shares |
| IBTAIBOTTA INC | 51,854 | $1.44M | shares |
| AMRCAMERESCO INC | 42,423 | $1.42M | shares |
| BRYBerry Corp | 343,808 | $1.3M | shares |
| ODCOIL DRI CORP AMER | 18,720 | $1.14M | shares |
| PLPCPREFORMED LINE PRODS CO | 5,720 | $1.12M | shares |
| SSRMSSR MINING IN | 43,930 | $1.07M | shares |
| INFORMATICA INCINFORMATICA INC | 42,652 | $1.06M | shares |
| LNWOLIGHT & WONDER INC | 12,621 | $1.06M | shares |
| POTBELLY CORPPOTBELLY CORP | 62,000 | $1.06M | shares |
| IDRIDAHO STRATEGIC RESOURCES | 29,820 | $1.01M | shares |
| VTOLBRISTOW GROUP INC | 27,730 | $1M | shares |
| ALNTALLIENT INC | 22,090 | $989K | shares |
| AKROAKERO THERAPEUTICS INC | 20,780 | $987K | shares |
| MGAMAGNA INTL INC | 20,079 | $951K | shares |
| WMKWEIS MKTS INC | 12,909 | $928K | shares |
| NBBKNB BANCORP INC | 51,670 | $912K | shares |
| LLYVKLIBERTY MEDIA CORP DEL | 9,387 | $910K | shares |
| MYFWFIRST WESTN FINL INC | 39,320 | $905K | shares |
| NWPXNWPX INFRASTRUCTURE INC | 16,321 | $864K | shares |
| TRNSTRANSCAT INC | 11,577 | $847K | shares |
| NPKINPK INTERNATIONAL INC | 74,750 | $845K | shares |
| NICNICOLET BANKSHARES INC | 6,222 | $837K | shares |
| HSIIHEIDRICK & STRUGGLES INTL IN | 16,483 | $820K | shares |
| OPYOPPENHEIMER HLDGS INC | 11,020 | $814K | shares |
| IMMRIMMERSION CORP | 109,990 | $807K | shares |
| LNNLINDSAY CORP | 5,709 | $802K | shares |
| SEMRSEMRUSH HLDGS INC | 104,084 | $737K | shares |
| MLABMESA LABS INC | 10,455 | $701K | shares |
| FINVFINVOLUTION GROUP | 93,555 | $690K | shares |
| CRMTAMERICAS CAR-MART INC | 21,320 | $623K | shares |
| ASXASE TECHNOLOGY HLDG CO LTD | 54,450 | $604K | shares |
| NCMINATIONAL CINEMEDIA INC | 127,787 | $576K | shares |
| VIMEO INCVIMEO INC | 71,556 | $555K | shares |
| NUNU HLDGS LTD | 33,219 | $532K | shares |
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 13,428 | $518K | shares |
| HARBORONE BANCORP INC NEWHARBORONE BANCORP INC NEW | 37,000 | $503K | shares |
| BVBRIGHTVIEW HLDGS INC | 37,330 | $500K | shares |
| LGIHLGI HOMES INC | 9,653 | $499K | shares |
| KODKEASTMAN KODAK CO | 76,680 | $492K | shares |
| MYEMYERS INDS INC | 28,730 | $487K | shares |
| VMDVIEMED HEALTHCARE INC | 69,030 | $469K | shares |
| BOOMDMC GLOBAL INC | 53,561 | $453K | shares |
| SNBRQSLEEP NUMBER CORP | 63,890 | $449K | shares |
| IMKTAINGLES MKTS INC | 6,400 | $445K | shares |
| DHDEFINITIVE HEALTHCARE CORP | 108,240 | $439K | shares |
| MBINMERCHANTS BANCORP IND | 13,675 | $435K | shares |
| ACELACCEL ENTERTAINMENT INC | 37,683 | $417K | shares |
| VLGEAVILLAGE SUPER MKT INC | 10,990 | $411K | shares |
| QATISHARES TR | 20,753 | $405K | shares |
| HYHYSTER-YALE INC | 10,861 | $400K | shares |
| XPXP INC | 21,282 | $400K | shares |
| DENNDENNY'S CORP | 74,954 | $392K | shares |
| KRNTKORNIT DIGITAL LTD | 29,020 | $392K | shares |
| RMNIRIMINI STR INC DEL | 83,642 | $391K | shares |
| RYAAYRYANAIR HOLDINGS PLC | 6,447 | $388K | shares |
| BBSIBARRETT BUSINESS SVCS INC | 8,710 | $386K | shares |
| FCFRANKLIN COVEY CO | 19,831 | $385K | shares |
| STNESTONECO LTD | 20,113 | $380K | shares |
| WNS HLDGS LTD COM SHSWNS HLDGS LTD COM SHS | 4,885 | $373K | shares |
| PRLBPROTO LABS INC | 7,370 | $369K | shares |
| MECMAYVILLE ENGR CO INC | 26,731 | $368K | shares |
| EXFYEXPENSIFY INC | 191,764 | $355K | shares |
| JILLJ JILL INC | 20,568 | $353K | shares |
| CDRECADRE HLDGS INC | 9,330 | $341K | shares |
| HANESBRANDS INCHANESBRANDS INC | 50,536 | $333K | shares |
| MCHBMECHANICS BANCORP | 24,195 | $322K | shares |
| ARIS WATER SOLUTIONS INCARIS WATER SOLUTIONS INC | 12,893 | $318K | shares |
| ULCCFRONTIER GROUP HLDGS INC | 70,382 | $311K | shares |
| EFAISHARES TR | 3,255 | $304K | shares |
| PGREPARAMOUNT GROUP INC | 45,003 | $294K | shares |
| MTSRMETSERA INC | 5,363 | $281K | shares |
| 89BIO INC89BIO INC | 16,801 | $247K | shares |
| SGUSTAR GROUP LP | 20,860 | $247K | shares |
| LMBLIMBACH HLDGS INC | 2,400 | $233K | shares |
| BWINTHE BALDWIN INSURANCE GRP IN | 8,158 | $230K | shares |
| CBLCBL & ASSOC PPTYS INC | 7,239 | $221K | shares |
| UPLDUPLAND SOFTWARE INC | 89,950 | $213K | shares |
| AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC | 21,119 | $210K | shares |
| VERXVERTEX INC | 8,354 | $207K | shares |
| TRUPTRUPANION INC | 4,754 | $206K | shares |
| MPTIM-TRON INDS INC | 3,705 | $206K | shares |
| SCSSTEELCASE INC-CLASS A | 11,680 | $201K | shares |
| FPIFARMLAND PARTNERS INC | 16,975 | $185K | shares |
| MLTXMOONLAKE IMMUNOTHERAPEUTICS | 18,790 | $135K | shares |
| HPPHUDSON PAC PPTYS INC | 42,867 | $118K | shares |
| ASTHASTRANA HEALTH INC | 3,730 | $106K | shares |
| RDWREDWIRE CORPORATION | 11,689 | $105K | shares |
| SENSEONICS HLDGS INCSENSEONICS HLDGS INC | 81,890 | $35.7K | shares |
| CHGGCHEGG INC | 11,634 | $17.6K | shares |
| HAINHAIN CELESTIAL GROUP INC | 10,205 | $16.1K | shares |
| Atossa Therapeutics IncAtossa Therapeutics Inc | 14,864 | $12.9K | shares |
| MYPSPLAYSTUDIOS INC | 10,069 | $9.69K | shares |
How Q4 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 0001040188-26-000013 | base | 2026-02-13 | acceptance time not in the bulk data set |