§ 13F · FUND PROFILE
VICTORY CAPITAL MANAGEMENT INC.
Multi-boutique active management
AUM · $178.3B (13F)Positions · 2638Turnover · 92% · Q2Filed · Aug 7, 2026
CONCENTRATION
20%
Top 10 holdings
NEW BUYS
+180
+$1.5B deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-2pp · +3pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 7, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 34.85M | $7.0B | 3.9% | +6% |
| 2 | AAPL | APPLE INC | 18.75M | $5.4B | 3.0% | ±0% |
| 3 | MSFT | MICROSOFT CORP | 11.23M | $4.2B | 2.3% | +5% |
| 4 | GOOGL | ALPHABET INC | 10.54M | $3.8B | 2.1% | +6% |
| 5 | AMZN | AMAZON COM INC | 15.74M | $3.8B | 2.1% | −7% |
| 6 | LLY | ELI LILLY & CO | 2.14M | $2.6B | 1.4% | +15% |
| 7 | AMD | ADVANCED MICRO DEVICES INC | 4.33M | $2.5B | 1.4% | −15% |
| 8 | GOOG | ALPHABET INC | 6.18M | $2.2B | 1.2% | +7% |
| 9 | AVGO | BROADCOM INC | 5.56M | $2.1B | 1.2% | +8% |
| 10 | BAC | BANK OF AMER CORP | 31.44M | $1.8B | 1.0% | +24% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other52.9% (−1pp)
Semiconductors12.5% (+3pp)
Technology12.0% (±0)
Retail6.2% (−1pp)
Media5.7% (±0)
Banking4.9%
§ 03 · THE VICTORY SIGNAL
AC read
VICTORY CAPITAL MANAGEMENT INC is a Quality / Compounder fund managing $178.3 billion in assets. The fund runs a massive portfolio of 2,638 positions, broad diversification across holdings. Trading activity is aggressive at 92% quarterly turnover, with 180 new positions and 0 exits last quarter. Top sector allocations: Other (53%), Semiconductors (13%), Technology (12%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+180 buys · −0 exits · 2258 changed
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