# VICTORY FINANCIAL GROUP, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2011333. Source: https://holderbook.com/funds/2011333-victory-financial-group-llc/

- Reported value: $952.9M
- Positions: 397
- Weight of the ten largest: 44.1%
- Filed: 2026-07-29

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $131.7M | 453,284 | 13.8% | 10 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $48.0M | 1,514,996 | 5.0% | 10 |
| ISHARES TR | [IMCG](https://holderbook.com/stocks/IMCG/) | $42.4M | 430,919 | 4.4% | 10 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $38.7M | 203,068 | 4.1% | 10 |
| FIDELITY COVINGTON TRUST | [FDVV](https://holderbook.com/stocks/FDVV/) | $38.6M | 640,420 | 4.1% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $31.2M | 45,399 | 3.3% | 10 |
| ISHARES TR | [IVLU](https://holderbook.com/stocks/IVLU/) | $23.8M | 569,773 | 2.5% | 4 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $22.9M | 154,150 | 2.4% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $22.5M | 112,391 | 2.4% | 10 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $20.1M | 758,272 | 2.1% | 7 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $19.7M | 164,987 | 2.1% | 7 |
| BONDBLOXX ETF TRUST | [XONE](https://holderbook.com/stocks/XONE/) | $19.2M | 389,679 | 2.0% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.2M | 56,147 | 1.7% | 10 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $16.0M | 65,695 | 1.7% | 10 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $13.7M | 264,863 | 1.4% | 7 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $11.6M | 127,051 | 1.2% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [FVD](https://holderbook.com/stocks/FVD/) | $8.3M | 171,634 | 0.9% | 10 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $8.2M | 9,955 | 0.9% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.7M | 21,592 | 0.8% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.0M | 18,818 | 0.7% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.0M | 29,366 | 0.7% | 10 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.9M | 16,422 | 0.7% | 10 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $6.8M | 18,044 | 0.7% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JBND](https://holderbook.com/stocks/JBND/) | $6.6M | 123,569 | 0.7% | 2 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $6.6M | 144,580 | 0.7% | 7 |
| MORGAN STANLEY ETF TRUST | [EVTR](https://holderbook.com/stocks/EVTR/) | $6.5M | 127,350 | 0.7% | 7 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $5.8M | 55,968 | 0.6% | 5 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $5.7M | 116,145 | 0.6% | 7 |
| AMPLIFY ETF TR | [DIVO](https://holderbook.com/stocks/DIVO/) | $5.2M | 114,299 | 0.5% | 7 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $5.2M | 27,925 | 0.5% | 7 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $4.8M | 40,456 | 0.5% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.4M | 7,895 | 0.5% | 8 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $4.4M | 6,880 | 0.5% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $4.3M | 3,690 | 0.4% | 5 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $4.2M | 26,542 | 0.4% | 10 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.9M | 3,281 | 0.4% | 10 |
| FIRST TR EXCH TRADED FD III | [FPEI](https://holderbook.com/stocks/FPEI/) | $3.9M | 203,575 | 0.4% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.9M | 11,022 | 0.4% | 8 |
| AMERICAN CENTY ETF TR | [KORP](https://holderbook.com/stocks/KORP/) | $3.9M | 82,332 | 0.4% | 2 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $3.8M | 21,518 | 0.4% | 10 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $3.8M | 74,038 | 0.4% | 2 |
| PUTNAM ETF TRUST | [PVAL](https://holderbook.com/stocks/PVAL/) | $3.6M | 70,595 | 0.4% | 3 |
| SIMPLIFY EXCHANGE TRADED FUN | [HEQT](https://holderbook.com/stocks/HEQT/) | $3.6M | 105,932 | 0.4% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $3.5M | 6,088 | 0.4% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.5M | 9,521 | 0.4% | 10 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $3.4M | 44,827 | 0.4% | 10 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $3.2M | 6,784 | 0.3% | 6 |
| ARK ETF TR | [ARKW](https://holderbook.com/stocks/ARKW/) | $3.2M | 22,188 | 0.3% | 4 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $3.2M | 35,252 | 0.3% | 1 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $3.1M | 29,733 | 0.3% | 6 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $3.0M | 41,334 | 0.3% | 4 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $3.0M | 31,362 | 0.3% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.9M | 5,894 | 0.3% | 10 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $2.9M | 9,545 | 0.3% | 10 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $2.9M | 28,523 | 0.3% | 4 |
| POWELL INDS INC | [POWL](https://holderbook.com/stocks/POWL/) | $2.8M | 9,923 | 0.3% | 6 |
| MFS ACTIVE EXCHANGE TRADED F | [MFSI](https://holderbook.com/stocks/MFSI/) | $2.8M | 84,990 | 0.3% | 3 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $2.7M | 32,968 | 0.3% | 3 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $2.7M | 3,864 | 0.3% | 10 |
| VANGUARD WELLINGTON FD | [VFMF](https://holderbook.com/stocks/VFMF/) | $2.7M | 15,156 | 0.3% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.7M | 37,397 | 0.3% | 10 |
| INVESCO EXCHANGE TRADED FD T | [RPG](https://holderbook.com/stocks/RPG/) | $2.6M | 40,907 | 0.3% | 10 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $2.6M | 62,694 | 0.3% | 4 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $2.6M | 3,397 | 0.3% | 5 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.6M | 2,549 | 0.3% | 7 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.5M | 8,551 | 0.3% | 8 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $2.5M | 91,617 | 0.3% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $2.5M | 41,516 | 0.3% | 10 |
| NORTHERN LTS FD TR IV | [SECT](https://holderbook.com/stocks/SECT/) | $2.5M | 34,187 | 0.3% | 3 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $2.3M | 3,749 | 0.2% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.3M | 2,156 | 0.2% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.2M | 8,863 | 0.2% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.2M | 6,009 | 0.2% | 5 |
| GLOBAL X FDS | [AIQ](https://holderbook.com/stocks/AIQ/) | $2.2M | 33,549 | 0.2% | 3 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.2M | 10,011 | 0.2% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.2M | 2,898 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $2.2M | 26,834 | 0.2% | 10 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.1M | 2,234 | 0.2% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JGRO](https://holderbook.com/stocks/JGRO/) | $2.0M | 20,345 | 0.2% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.0M | 4,622 | 0.2% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.0M | 5,678 | 0.2% | 7 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $2.0M | 7,784 | 0.2% | 3 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $1.9M | 15,206 | 0.2% | 7 |
| TOUCHSTONE ETF TRUST | [SIO](https://holderbook.com/stocks/SIO/) | $1.9M | 75,454 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $1.9M | 9,734 | 0.2% | 10 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.9M | 10,571 | 0.2% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.9M | 7,361 | 0.2% | 8 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.9M | 8,572 | 0.2% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.8M | 5,408 | 0.2% | 6 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.8M | 1,558 | 0.2% | 5 |
| PGIM ROCK ETF TR | [BUFP](https://holderbook.com/stocks/BUFP/) | $1.8M | 56,526 | 0.2% | 4 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.8M | 15,286 | 0.2% | 6 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.8M | 5,840 | 0.2% | 10 |
| SPDR SERIES TRUST | [BILS](https://holderbook.com/stocks/BILS/) | $1.8M | 17,614 | 0.2% | 7 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $1.7M | 8,955 | 0.2% | 10 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.7M | 14,740 | 0.2% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.7M | 5,075 | 0.2% | 8 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $1.7M | 13,780 | 0.2% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.6M | 2,179 | 0.2% | 9 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $1.6M | 12,952 | 0.2% | 5 |

## 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 | +12.6% | +14.8% | -2.2% | 100% |
| Q1 2026 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2025 | +1.0% | +2.4% | -1.4% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 100% |
| Q2 2025 | +7.7% | +10.5% | -2.8% | 100% |
| Q1 2025 | -4.2% | -4.6% | +0.4% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.9% | 100% |
| Q2 2024 | +0.9% | +4.0% | -3.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $952.9M | 397 |
| Q1 2026 | $814.2M | 348 |
| Q4 2025 | $795.5M | 315 |
| Q3 2025 | $727.3M | 248 |
| Q2 2025 | $630.1M | 230 |
| Q1 2025 | $521.1M | 185 |
| Q4 2024 | $380.5M | 138 |
| Q2 2024 | $213.7M | 78 |
| Q1 2024 | $168.9M | 60 |
| Q4 2023 | $147.9M | 63 |