# VICTORY CAPITAL MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1040188. Source: https://holderbook.com/funds/1040188-victory-capital-management-inc/

- Reported value: $178.3B
- Positions: 2,482
- Weight of the ten largest: 19.8%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.0B | 34,853,857 | 3.9% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.4B | 18,748,292 | 3.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.2B | 11,231,028 | 2.3% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.8B | 10,538,377 | 2.1% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.8B | 15,743,243 | 2.1% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.6B | 2,141,447 | 1.4% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.5B | 4,325,880 | 1.4% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.2B | 6,181,965 | 1.2% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.1B | 5,555,094 | 1.2% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.8B | 31,441,932 | 1.0% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.6B | 2,877,996 | 0.9% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $1.5B | 14,251,075 | 0.9% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.5B | 12,802,148 | 0.8% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5B | 4,253,298 | 0.8% | 31 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $1.4B | 9,524,776 | 0.8% | 31 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $1.4B | 4,837,573 | 0.8% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.3B | 3,199,616 | 0.8% | 28 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $1.3B | 2,860,290 | 0.7% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.3B | 1,090,355 | 0.7% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.2B | 3,872,736 | 0.7% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.1B | 1,569,763 | 0.6% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.1B | 6,221,795 | 0.6% | 31 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $1.1B | 2,173,152 | 0.6% | 31 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $1.1B | 4,484,153 | 0.6% | 31 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $1.0B | 1,783,432 | 0.6% | 31 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $1.0B | 16,319,528 | 0.6% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $968.3M | 13,418,234 | 0.5% | 28 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $947.1M | 476,010 | 0.5% | 25 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $894.3M | 9,806,001 | 0.5% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $833.2M | 709,173 | 0.5% | 9 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $826.8M | 9,479,369 | 0.5% | 30 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $803.2M | 3,233,698 | 0.5% | 18 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $801.4M | 2,448,359 | 0.4% | 31 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $782.3M | 15,702,067 | 0.4% | 27 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $763.6M | 4,502,183 | 0.4% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $752.4M | 4,220,949 | 0.4% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $715.6M | 3,490,203 | 0.4% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $711.2M | 7,163,661 | 0.4% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $706.4M | 310,668 | 0.4% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $702.5M | 9,838,548 | 0.4% | 31 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $702.1M | 16,992,378 | 0.4% | 31 |
| VICTORY PORTFOLIOS II | [UITB](https://holderbook.com/stocks/UITB/) | $695.6M | 14,850,508 | 0.4% | 28 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $665.6M | 2,620,929 | 0.4% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $665.1M | 4,864,844 | 0.4% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $663.0M | 655,492 | 0.4% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $660.9M | 3,576,365 | 0.4% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $644.3M | 4,252,665 | 0.4% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $637.9M | 5,126,038 | 0.4% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $622.3M | 2,212,859 | 0.3% | 31 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $618.2M | 8,553,991 | 0.3% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $612.1M | 1,412,598 | 0.3% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $604.6M | 1,177,116 | 0.3% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $594.3M | 3,793,799 | 0.3% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $585.9M | 10,168,924 | 0.3% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $568.5M | 1,334,139 | 0.3% | 31 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $556.6M | 5,443,787 | 0.3% | 31 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $556.5M | 3,317,538 | 0.3% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $551.9M | 2,503,145 | 0.3% | 31 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $536.8M | 5,747,167 | 0.3% | 31 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $536.5M | 2,520,493 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $532.5M | 4,143,885 | 0.3% | 31 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $524.2M | 17,357,535 | 0.3% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $517.4M | 1,300,881 | 0.3% | 31 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $515.4M | 715,821 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $512.3M | 481,112 | 0.3% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $508.7M | 1,065,259 | 0.3% | 23 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $504.6M | 6,595,840 | 0.3% | 31 |
| MASTEC INC | [MTZ](https://holderbook.com/stocks/MTZ/) | $503.5M | 1,210,079 | 0.3% | 31 |
| VICTORY PORTFOLIOS II | [UBND](https://holderbook.com/stocks/UBND/) | $499.0M | 22,967,672 | 0.3% | 19 |
| EXPAND ENERGY CORPORATION | [EXE](https://holderbook.com/stocks/EXE/) | $492.1M | 5,396,426 | 0.3% | 22 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $491.5M | 6,442,409 | 0.3% | 31 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $489.9M | 1,399,463 | 0.3% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $488.8M | 1,230,737 | 0.3% | 31 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $487.6M | 587,535 | 0.3% | 31 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $486.3M | 27,430,517 | 0.3% | 31 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $482.4M | 6,488,650 | 0.3% | 31 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $469.8M | 1,977,579 | 0.3% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $468.8M | 3,357,740 | 0.3% | 31 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $461.5M | 7,640,353 | 0.3% | 31 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $461.4M | 931,970 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $458.9M | 1,539,539 | 0.3% | 31 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $455.9M | 1,097,734 | 0.3% | 31 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $455.9M | 21,678,049 | 0.3% | 28 |
| MOLINA HEALTHCARE INC | [MOH](https://holderbook.com/stocks/MOH/) | $453.0M | 1,980,615 | 0.3% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $444.7M | 2,054,226 | 0.2% | 31 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $440.6M | 4,117,862 | 0.2% | 9 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $436.3M | 1,831,180 | 0.2% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $434.8M | 3,839,127 | 0.2% | 31 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $434.6M | 1,698,444 | 0.2% | 31 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $430.9M | 9,066,745 | 0.2% | 31 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $425.0M | 3,722,361 | 0.2% | 5 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $425.0M | 3,823,468 | 0.2% | 31 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $419.3M | 5,716,732 | 0.2% | 25 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $410.2M | 4,454,128 | 0.2% | 31 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $407.7M | 779,296 | 0.2% | 31 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $405.6M | 3,645,905 | 0.2% | 31 |
| VICTORY PORTFOLIOS II | [GFLW](https://holderbook.com/stocks/GFLW/) | $399.8M | 11,660,479 | 0.2% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $398.0M | 1,581,740 | 0.2% | 31 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $397.5M | 3,471,862 | 0.2% | 31 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $394.2M | 1,649,269 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.9% | +14.8% | -0.9% | 99% |
| Q1 2026 | -1.6% | -4.6% | +3.0% | 99% |
| Q4 2025 | +2.4% | +2.4% | +0.0% | 99% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 99% |
| Q2 2025 | +6.4% | +10.5% | -4.1% | 98% |
| Q1 2025 | -4.4% | -4.6% | +0.2% | 99% |
| Q4 2024 | -0.6% | +2.1% | -2.8% | 98% |
| Q3 2024 | +6.8% | +5.4% | +1.3% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $178.3B | 2,482 |
| Q1 2026 | $156.1B | 2,410 |
| Q4 2025 | $177.2B | 2,421 |
| Q3 2025 | $171.0B | 2,415 |
| Q2 2025 | $155.1B | 2,478 |
| Q1 2025 | $97.7B | 2,470 |
| Q4 2024 | $101.7B | 2,469 |
| Q3 2024 | $103.8B | 2,481 |
| Q2 2024 | $99.8B | 2,472 |
| Q1 2024 | $102.4B | 2,469 |
| Q4 2023 | $95.1B | 2,536 |
| Q3 2023 | $87.0B | 2,516 |