VICTORY CAPITAL MANAGEMENT INC

CIK 0001040188 · Q2 2026

13F Equity AUM

$178.3B

+14.2% QoQ

Positions

2,339

+54 QoQ

AUM Rank

#67

Top 0.8%

Skill Alpha (FF)

+0.3%/yr^ns

No Clear Edge

Rank #2,463 · Top 30%

vs S&P -1.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 13.5%Top 10: 19.8%Top 20: 27.6%

NVDA3.9%

AAPL3.0%

MSFT2.4%

GOOGL2.1%

AMZN2.1%

LLY1.4%

AMD1.4%

GOOG1.2%

AVGO1.2%

BAC1.0%

Others (2329)80.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology29.1%

Financial Services15.0%

Industrials10.9%

Healthcare9.6%

Consumer Cyclical9.0%

Communication Services6.5%

Energy4.6%

Utilities4.3%

Other11.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 2339Median: 0.01%Avg: 0.04%

0–0.5%

2310(67.2%)

0.5–1%

19(13.0%)

1–3%

8(12.8%)

3–5%

2(7.0%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 2,339vs 20 funds

0%Low

2,339

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New179Increased1296Decreased962Exited108

New Positions

DUPONT DE NEMOURS IN…0.2%

+2.4M

GFS0.1%

+3.1M

HONEYWELL AEROSPACE …0.1%

+400K

FERVO ENERGY CO0.1%

+3.1M

HONEYWELL INTL INC0.1%

+400K

CDNL0.0%

+667K

CARNIVAL CORP LTD0.0%

+2.3M

ALLIANT ENERGY CORP0.0%

+56.3M

VERSIGENT PLC0.0%

+1.1M

IYT0.0%

+493K

Increased

XYZ 0.25 11/01/270.0%

+14.7M(+51%)

HBAN0.3%

+14.2M(+108%)

WEC 4.375 06/01/290.0%

+11.1M(+28%)

HAL0.2%

+8.8M(+964%)

DXCM 0.375 05/15/280.0%

+8.5M(+61%)

DVN0.4%

+7.9M(+86%)

ON 0.5 03/01/290.0%

+7.6M(+126%)

CDE0.1%

+7.4M(+87%)

BAC1.0%

+6.0M(+24%)

ARMK0.2%

+5.7M(+13505%)

Decreased

VSH 2.25 09/15/300.0%

-15,201,500(-35%)

TFC0.4%

-11,234,382(-42%)

ON 0 05/01/270.0%

-11,128,000(-75%)

PFE0.1%

-6,356,458(-41%)

GT0.0%

-5,617,552(-99%)

APLE0.0%

-4,942,981(-87%)

B0.1%

-4,535,611(-48%)

CPRT0.0%

-3,526,519(-83%)

EL0.0%

-3,098,565(-98%)

LYFT0.0%

-3,043,122(-77%)

Exited

CTRA

-10,182,314

-6,281,178

-864,947

-5,974,744

-483,580

-983,502

-50,044,500

-1,342,780

-1,090,825

-48,813,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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