Victory Capital (VCTR) reports $320.2B AUM and $323.2B client assets

Rhea-AI Filing Summary

Victory Capital Holdings, Inc. reported updated asset figures for January 2026. As of January 31, 2026, the company had Total Assets Under Management of $320.2 billion, Other Assets of $3.0 billion, and Total Client Assets of $323.2 billion.

For the month of January, Average Total Assets Under Management were $318.3 billion, average Other Assets were $2.9 billion, and average Total Client Assets were $321.2 billion. The detailed tables break down assets by asset class, vehicle type, and region, highlighting a diversified mix across U.S. and non‑U.S. markets.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

February 11, 2026

Date of Report (date of earliest event reported)

Victory Capital Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-38388	32-0402956
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

15935 La Cantera Parkway; San Antonio, TX		78256
(Address of principal executive offices)		(Zip Code)

(216) 898-2400

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)

 Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b))

 Pre-commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, Par Value $0.01	VCTR	NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b‑2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Item 8.01. Other Events.

On February 11, 2026, Victory Capital Holdings, Inc., (the “Company”) issued a press release reporting certain information about the Company’s assets under management (“AUM”) as of January 31, 2026. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number		Description
99.1		Press release reporting January AUM dated February 11, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

- 2 -

SIGNATURE(S)

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		VICTORY CAPITAL HOLDINGS, INC.
Date: February 11, 2026		By:	/s/ MICHAEL D. POLICARPO
			Name: Michael D. Policarpo
			Title: President, Chief Financial Officer and Chief Administrative Officer

- 3 -

Exhibit 99.1

News Release

Victory Capital Reports January 2026 Total Client Assets

San Antonio, Texas, February 11, 2026 ― Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $320.2 billion, Other Assets of $3.0 billion, and Total Client Assets of $323.2 billion, as of January 31, 2026.

For the month of January, Average Total AUM was $318.3 billion, average Other Assets was $2.9 billion, and average Total Client Assets was $321.2 billion.

Victory Capital Holdings, Inc.

Total Client Assets (unaudited; in millions) 1

			As of:
By Asset Class			Jan. 31, 2026					Dec. 31, 2025
Solutions		$		94,075			$		91,228
Fixed Income				80,429					80,544
U.S. Mid Cap Equity				30,863					29,993
U.S. Small Cap Equity				11,416					11,179
U.S. Large Cap Equity				64,340					63,380
Global / Non-U.S. Equity				32,441					30,680
Alternative Investments				2,868					3,038
Total Long-Term Assets		$		316,432			$		310,042
Money Market / Short Term Assets				3,773					3,733
Total Assets Under Management2		$		320,205			$		313,775
By Vehicle
Mutual Funds3		$		175,017			$		172,203
Separate Accounts and Other Pooled Vehicles4				129,213					126,523
ETFs5				15,976					15,049
Total Assets Under Management		$		320,205			$		313,775
Other Assets6
Institutional		$		2,976			$		2,846
Total Other Assets		$		2,976			$		2,846
Total Client Assets
Total Assets Under Management		$		320,205			$		313,775
Total Other Assets				2,976					2,846
Total Client Assets		$		323,181			$		316,621

By Region
U.S.		$		266,847			$		261,821
Non-U.S.				56,334					54,799
Total Client Assets		$		323,181			$		316,621

1Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.

2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.

3Includes institutional and retail share classes, money market and VIP funds.

4Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.

5Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.

6Includes low-fee (2 to 4 bps) institutional assets. These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.

About Victory Capital

Victory Capital (NASDAQ: VCTR) is a diversified global asset management firm with $323.2 billion in total client assets, as of January 31, 2026. We serve institutional, intermediary, and individual clients through our Investment Franchises and Solutions Platform, which manage specialized investment strategies across traditional and alternative asset classes. Our differentiated approach combines the power of investment autonomy with the support of a robust, fully integrated operational and distribution platform. Clients have access to focused, top-tier investment talent equipped with comprehensive resources designed to deliver competitive long-term performance.

Victory Capital is headquartered in San Antonio, Texas. To learn more, visit www.vcm.com or follow us on Facebook, Twitter (X), and LinkedIn.

Contacts

Investors:

Matthew Dennis, CFA

Chief of Staff

Director, Investor Relations

216-898-2412

mdennis@vcm.com

Media:
Jessica Davila

Director of Global Communications

210-694-9693

Jessica_davila@vcm.com

FAQ

What Total Assets Under Management did Victory Capital (VCTR) report for January 31, 2026?

Victory Capital reported Total Assets Under Management of $320.2 billion as of January 31, 2026. This figure reflects the company’s discretionary assets under management and non-discretionary assets under advisement, excluding Other Assets disclosed separately in the same update.

What are Victory Capital (VCTR) Total Client Assets as of January 31, 2026?

Victory Capital reported Total Client Assets of $323.2 billion as of January 31, 2026. This combines Total Assets Under Management of $320.2 billion with Other Assets of $3.0 billion, providing a broad view of client capital overseen by the firm.

How were Victory Capital (VCTR) assets allocated by vehicle type in January 2026?

As of January 31, 2026, Victory Capital reported $175.0 billion in mutual funds, $129.2 billion in separate accounts and other pooled vehicles, and $16.0 billion in ETFs. Together, these categories totaled $320.2 billion in Assets Under Management.

How are Victory Capital (VCTR) client assets distributed by region?

Victory Capital reported $266.8 billion of Total Client Assets in the U.S. and $56.3 billion in non‑U.S. regions as of January 31, 2026. This highlights a primarily U.S.-focused base with a meaningful global component.

What average asset levels did Victory Capital (VCTR) report for January 2026?

For January 2026, Victory Capital reported average Total Assets Under Management of $318.3 billion, average Other Assets of $2.9 billion, and average Total Client Assets of $321.2 billion, giving a monthly view of the firm’s asset base beyond the month-end snapshot.

How large is Victory Capital (VCTR) overall based on January 2026 data?

Based on January 31, 2026 data, Victory Capital described itself as a diversified global asset management firm with $323.2 billion in total client assets. This scale reflects exposure across traditional and alternative strategies, multiple vehicles, and both U.S. and non‑U.S. markets.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 141.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 25.7 KB