§ 13F · FUND PROFILE
VICTORY CAPITAL MANAGEMENT INC.
Multi-boutique active management
AUM · $171.0B (13F)Positions · 2579Turnover · 92% · Q1Filed · May 15, 2026
CONCENTRATION
18%
Top 10 holdings
NEW BUYS
+96
+$1.1B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-1pp · +2pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 15, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 32.79M | $5.7B | 3.7% | −16% |
| 2 | AAPL | APPLE INC | 18.71M | $4.7B | 3.0% | −16% |
| 3 | MSFT | MICROSOFT CORP | 10.71M | $4.0B | 2.5% | −18% |
| 4 | AMZN | AMAZON COM INC | 16.96M | $3.5B | 2.3% | −31% |
| 5 | GOOGL | ALPHABET INC | 9.90M | $2.8B | 1.8% | −21% |
| 6 | LLY | ELI LILLY & CO | 1.87M | $1.7B | 1.1% | −30% |
| 7 | GOOG | ALPHABET INC | 5.78M | $1.7B | 1.1% | −11% |
| 8 | AVGO | BROADCOM INC | 5.15M | $1.6B | 1.0% | −9% |
| 9 | V | VISA INC | 4.91M | $1.5B | 0.9% | −25% |
| 10 | META | META PLATFORMS INC | 2.58M | $1.5B | 0.9% | +28% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other54.4% (+2pp)
Technology12.0% (−1pp)
Semiconductors9.2% (±0)
Retail7.5% (−1pp)
Media5.8% (±0)
Energy5.1%
§ 03 · THE VICTORY SIGNAL
AC read
VICTORY CAPITAL MANAGEMENT INC is a Quality / Compounder fund managing $171.0 billion in assets. The fund runs a massive portfolio of 2,579 positions, broad diversification across holdings. Trading activity is aggressive at 92% quarterly turnover, with 96 new positions and 0 exits last quarter. Top sector allocations: Other (54%), Technology (12%), Semiconductors (9%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+96 buys · −0 exits · 2263 changed
Q4 2025
Busy quarter
+125 buys · −0 exits · 2256 changed
Q3 2025
Busy quarter
+100 buys · −0 exits · 2288 changed
Q2 2025
Busy quarter
+116 buys · −0 exits · 2304 changed