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VICTORY CAPITAL MANAGEMENT INC

Q4 2025 · Filed 2026-02-13
Market Value
$174.7B
+3.8%
Holdings
2,423
-45
New Purchases
104
Added To
1,157
Closed
109
Reduced
1,018
Top 10 Concentration
23.0%
Turnover
8.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LLY 1.65% 0.92% +0.73% $2.9B
GOOGL 2.25% 1.56% +0.70% $3.9B
AMZN 3.23% 2.54% +0.69% $5.6B
AAPL 3.46% 2.85% +0.61% $6.1B
NVDA 4.17% 3.67% +0.51% $7.3B
BAC 1.01% 0.51% +0.50% $1.8B
V 1.31% 0.86% +0.45% $2.3B
NRG 0.70% 0.27% +0.43% $1.2B
VRTX 0.87% 0.47% +0.40% $1.5B
UPS 0.78% 0.40% +0.39% $1.4B
CEG 0.44% 0.08% +0.36% $767M
LH 0.77% 0.45% +0.32% $1.3B
CME 0.32% 0.04% +0.28% $560M
MLM 0.87% 0.60% +0.27% $1.5B
BJ 0.67% 0.46% +0.21% $1.2B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QCOM 0.32% 6.46% -6.13% $567M
ORCL 0.13% 0.79% -0.65% $231M
JNJ 0.50% 0.75% -0.25% $870M
ES 0.37% 0.58% -0.21% $643M
FE 0.14% 0.32% -0.18% $247M
PANW 0.12% 0.30% -0.18% $211M
PFG 0.03% 0.19% -0.16% $52M
TRU 0.00% 0.16% -0.16% $7M
MA 0.49% 0.63% -0.14% $856M
META 0.76% 0.89% -0.13% $1.3B
G 0.00% 0.13% -0.13% $7M
FNF 0.16% 0.28% -0.13% $271M
BBWI 0.01% 0.13% -0.12% $20M
ANET 0.10% 0.21% -0.11% $174M
GNRC 0.11% 0.21% -0.11% $184M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 70 $62.7B 35.9%
Large Cap 779 $89.4B 51.2%
Mid Cap 891 $18.1B 10.4%
Small Cap 586 $3.4B 1.9%
Micro Cap 97 $1.1B 0.6%

Portfolio Analytics

Avg Market Cap
$40.6B
Median Market Cap
$5.0B
Avg P/E
33.6
Median P/E
21.4
Avg Dividend Yield
0.02%
Avg Beta
1.10
# Stocks
2,326
# ETFs / Funds
97

Top Holdings (2,423 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 4.17% 39,067,050 $7.3B $186.50 $1.1B +3,999,428 +11.4%
2 MSFT 3.61% 13,047,023 $6.3B $483.62 $505M +1,399,040 +12.0%
3 AAPL 3.46% 22,254,786 $6.1B $271.86 $1.3B +2,769,814 +14.2%
4 AMZN 3.23% 24,448,590 $5.6B $230.82 $1.4B +5,171,543 +26.8%
5 GOOGL 2.25% 12,585,134 $3.9B $313.00 $1.3B +1,739,481 +16.0%
6 LLY 1.65% 2,683,391 $2.9B $1,074.70 $1.3B +374,385 +16.2%
7 V 1.31% 6,508,089 $2.3B $350.71 $840M +2,116,463 +48.2%
8 GOOG 1.17% 6,521,467 $2.0B $313.80 $288M -678,126 -9.4%
9 AVGO 1.12% 5,651,908 $2.0B $346.10 -$50M -430,722 -7.1%
10 BAC 1.01% 31,923,927 $1.8B $55.00 $900M +15,316,152 +92.2%
11 CSCO 0.93% 21,102,912 $1.6B $77.03 $369M +2,867,520 +15.7%
12 TFC 0.90% 31,964,393 $1.6B $49.21 $214M +2,226,288 +7.5%
13 MLM 0.87% 2,448,928 $1.5B $622.66 $509M +836,120 +51.8%
14 VRTX 0.87% 3,356,766 $1.5B $453.37 $735M +1,109,200 +49.4%
15 UPS 0.78% 13,818,314 $1.4B $99.19 $704M +5,826,824 +72.9%
16 AMD 0.78% 6,351,656 $1.4B $214.16 -$52M -2,558,375 -28.7%
17 IBM 0.78% 4,582,818 $1.4B $296.21 $337M +954,879 +26.3%
18 LH 0.77% 5,356,825 $1.3B $250.88 $587M +2,719,475 +103.1%
19 META 0.76% 2,017,012 $1.3B $660.09 -$169M -25,457 -1.2%
20 SNPS 0.73% 2,730,643 $1.3B $469.73 $267M -93,706 -3.3%
21 PWR 0.70% 2,915,440 $1.2B $422.06 $337M +758,862 +35.2%
22 NRG 0.70% 7,676,513 $1.2B $159.24 $776M +4,916,653 +178.2%
23 BJ 0.67% 12,930,288 $1.2B $90.03 $395M +4,704,423 +57.2%
24 APH 0.65% 8,462,907 $1.1B $135.14 $181M +1,116,031 +15.2%
25 UBER 0.64% 13,637,558 $1.1B $81.71 -$63M +1,948,662 +16.7%
26 FCX 0.50% 17,366,596 $882M $50.79 $354M +3,894,872 +28.9%
27 JNJ 0.50% 4,204,386 $870M $206.95 -$386M -390,272 -8.5%
28 TSLA 0.49% 1,922,239 $864M $449.72 $3M -14,747 -0.8%
29 MA 0.49% 1,498,716 $856M $570.90 -$211M -391,261 -20.7%
30 MCHP 0.49% 13,375,920 $852M $63.72 $45M +1,369,832 +11.4%
31 ISRG 0.48% 1,483,780 $840M $566.38 $258M -457,530 -23.6%
32 JPM 0.47% 2,527,003 $814M $322.22 $69M +165,166 +7.0%
33 AMAT 0.46% 3,099,085 $796M $256.99 $247M +415,450 +15.5%
34 RRX 0.45% 5,658,365 $794M $140.32 $227M +1,690,264 +42.6%
35 EME 0.45% 1,276,966 $781M $611.79 $209M +327,606 +34.5%
36 BKNG 0.44% 144,630 $775M $5,357.40 $53M -71,241 -33.0%
37 TJX 0.44% 5,031,485 $773M $153.61 $126M +752,189 +17.6%
38 GS 0.44% 874,254 $768M $879.01 $78M +7,231 +0.8%
39 CEG 0.44% 2,170,936 $767M $353.27 $640M +1,783,796 +460.8%
40 INTU 0.43% 1,139,587 $755M $662.45 $54M +85,256 +8.1%
41 APO 0.42% 5,089,631 $737M $144.76 $277M +1,636,725 +47.4%
42 AEP 0.42% 6,316,688 $728M $115.31 $133M +937,346 +17.4%
43 HD 0.41% 2,092,445 $720M $344.11 -$122M +71,647 +3.5%
44 UITB 0.40% 14,850,508 $703M $47.35 $3M +123,363 +0.8%
45 PINS 0.40% 26,808,870 $694M $25.89 $8M +6,258,628 +30.5%
46 DIS 0.40% 6,087,317 $693M $113.77 -$2M +606,191 +11.1%
47 KLAC 0.39% 558,600 $679M $1,215.09 $157M +74,308 +15.3%
48 ADBE 0.38% 1,916,802 $671M $349.99 $201M +575,392 +42.9%
49 NFLX 0.37% 6,943,971 $651M $93.76 -$27M +6,378,224 +1127.4%
50 HBAN 0.37% 37,412,989 $649M $17.35 $55M +3,182,001 +9.3%
51 ES 0.37% 9,546,217 $643M $67.33 -$328M +3,645,555 +61.8%
52 EXPE 0.36% 2,197,716 $623M $283.31 $7M -683,372 -23.7%
53 RF 0.35% 22,836,163 $619M $27.10 $261M +9,312,449 +68.9%
54 ORLY 0.35% 6,722,278 $613M $91.21 $12M +1,305,871 +24.1%
55 GEV 0.35% 930,735 $608M $653.57 -$92M -208,380 -18.3%
56 NOW 0.34% 3,868,025 $593M $153.19 -$38M +2,834,529 +274.3%
57 STT 0.34% 4,559,546 $588M $129.01 -$64M +1,074,174 +30.8%
58 ICE 0.33% 3,602,921 $584M $161.96 $108M +814,680 +29.2%
59 CTRA 0.33% 21,986,795 $579M $26.32 $68M +404,986 +1.9%
60 NEM 0.33% 5,746,707 $574M $99.85 $160M +821,470 +16.7%
61 MTZ 0.33% 2,637,451 $573M $217.37 $372M +1,690,896 +178.6%
62 CRM 0.33% 2,157,044 $571M $264.92 $20M -109,019 -4.8%
63 QCOM 0.32% 3,317,433 $567M $171.05 -$10.3B -570,144 -14.7%
64 CME 0.32% 2,049,649 $560M $273.08 $494M +1,807,491 +746.4%
65 LOW 0.32% 2,320,570 $560M $241.16 $42M +262,484 +12.8%
66 LNT 0.32% 8,578,743 $558M $65.01 -$57M -544,124 -6.0%
67 CAH 0.32% 2,698,189 $554M $205.50 $202M +414,074 +18.1%
68 ROST 0.31% 3,028,237 $546M $180.14 $122M +538,707 +21.6%
69 CMS 0.30% 7,386,713 $517M $69.93 -$31M -91,108 -1.2%
70 DVN 0.29% 13,916,979 $510M $36.63 $94M +2,071,021 +17.5%
71 PEP 0.29% 3,547,303 $509M $143.52 $146M +958,250 +37.0%
72 MRK 0.29% 4,808,527 $506M $105.26 $109M +75,204 +1.6%
73 USB 0.29% 9,480,254 $506M $53.36 $225M +3,672,742 +63.2%
74 PFE 0.28% 19,796,365 $493M $24.90 $80M +3,609,614 +22.3%
75 XOM 0.28% 4,092,737 $493M $120.34 -$82M -1,001,324 -19.7%
76 PKG 0.27% 2,309,412 $476M $206.23 $87M +521,352 +29.2%
77 KEYS 0.27% 2,304,835 $468M $203.19 -$60M -716,628 -23.7%
78 TMO 0.26% 775,407 $449M $579.49 $122M -63,965 -7.6%
79 UBND 0.26% 20,358,908 $448M $22.00 $105M +4,800,062 +30.9%
80 RJF 0.26% 2,785,857 $447M $160.59 -$30M +21,856 +0.8%
81 LNG 0.25% 2,279,078 $443M $194.39 -$33M +253,469 +12.5%
82 BMY 0.25% 8,204,416 $443M $53.94 $259M +4,144,765 +102.1%
83 CSX 0.25% 12,082,610 $438M $36.25 $2M -181,927 -1.5%
84 HIG 0.24% 3,075,791 $424M $137.80 $280K -99,586 -3.1%
85 MSI 0.24% 1,092,018 $419M $383.34 -$72M -111,643 -9.3%
86 HOLX 0.24% 5,609,912 $418M $74.49 $49M +139,867 +2.6%
87 WTW 0.24% 1,263,205 $415M $328.60 -$43M -63,829 -4.8%
88 LECO 0.24% 1,726,698 $414M $239.64 -$23M -124,118 -6.7%
89 WFC 0.24% 4,416,260 $412M $93.20 $149M +1,277,734 +40.7%
90 MKSI 0.23% 2,562,399 $409M $159.80 -$34M -1,019,817 -28.5%
91 ELS 0.23% 6,661,686 $404M $60.61 -$10M -161,940 -2.4%
92 TSM 0.23% 1,327,921 $404M $303.89 $339M +1,095,239 +470.7%
93 LAMR 0.23% 3,131,989 $396M $126.58 $10M -25,489 -0.8%
94 PFGC 0.22% 4,370,995 $393M $89.92 -$122M -577,659 -11.7%
95 TRMB 0.22% 4,962,879 $389M $78.35 -$30M -162,987 -3.2%
96 AFG 0.22% 2,803,850 $383M $136.68 -$49M -160,092 -5.4%
97 XYL 0.22% 2,800,517 $381M $136.18 -$35M -22,894 -0.8%
98 CASY 0.22% 688,920 $381M $552.71 -$67M -102,495 -12.9%
99 IQV 0.22% 1,675,479 $378M $225.41 $366M +1,614,063 +2628.1%
100 NNN 0.22% 9,494,190 $376M $39.63 -$44M -382,557 -3.9%

New Positions

SymbolValue% Port
SOLS $46M 0.03%
IBB $38M 0.02%
ARGX $28M 0.02%
SOMN $23M 0.01%
MLCO $18M 0.01%
TOU.TO $17M 0.01%
BRKS $13M 0.01%
PXED $7M —%
DHLGY $7M —%
CNI $6M —%
WCN $4M —%
AGI $4M —%
OXM $3M —%
TRP $3M —%
FOXF $3M —%

Sold Out Positions

SymbolValue% Port
MEC —%
ASX —%
FINV —%
FPI —%
PRLB —%
HY —%
ACEL —%
WMK —%
VTOL —%
BV —%
KODK —%
ADNT —%
AMRC —%
FC —%
MYE —%
View SEC EDGAR Filings for VICTORY CAPITAL MANAGEMENT INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms