Victory Capital (NASDAQ: VCTR) posts $332.6B April client assets

Rhea-AI Filing Summary

Victory Capital Holdings, Inc. reported updated asset levels for April 30, 2026, highlighting its scale as an asset manager. The company had Total Assets Under Management (AUM) of $329.1 billion, Other Assets of $3.5 billion, and Total Client Assets of $332.6 billion as of that date.

Average Total AUM for April was $320.4 billion and average Total Client Assets were $323.8 billion, showing higher average balances over the month. Total Client Assets by asset class were led by Solutions, U.S. Large Cap Equity, and Fixed Income, and by vehicle were concentrated in mutual funds and separate accounts.

By region, Total Client Assets were $272.975 billion in the U.S. and $59.598 billion outside the U.S. as of April 30, 2026, compared with $313.103 billion in total client assets as of March 31, 2026.

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.

Key Figures

Total Client Assets: $332.6B Total Assets Under Management: $329.1B Other Assets: $3.5B +5 more

8 metrics

Total Client Assets $332.6B As of April 30, 2026

Total Assets Under Management $329.1B As of April 30, 2026

Other Assets $3.5B As of April 30, 2026

Average Total AUM $320.4B Average for April 2026

Total Client Assets prior month $313.1B As of March 31, 2026

Total Long-Term Assets $325.4B As of April 30, 2026 (325,422 million)

U.S. Client Assets $273.0B As of April 30, 2026 (272,975 million)

Non-U.S. Client Assets $59.6B As of April 30, 2026 (59,598 million)

Key Terms

Assets Under Management, Total Client Assets, Separate Accounts and Other Pooled Vehicles, Regulatory Assets Under Management, +2 more

6 terms

Assets Under Management financial

"reported Total Assets Under Management (AUM) of $329.1 billion, Other Assets"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

Total Client Assets financial

"and Total Client Assets of $332.6 billion, as of April 30, 2026."

Separate Accounts and Other Pooled Vehicles financial

"Separate Accounts and Other Pooled Vehicles 4 | | | | 134,779"

Regulatory Assets Under Management financial

"These assets are included as part of Victory’s Regulatory Assets Under Management"

Regulatory assets under management are the total client funds and investments that a firm is required to report to regulators as being under its control or advisory responsibility. For investors, this number signals the firm’s scale and the fees it can earn, and it is used by regulators to monitor risk, compliance and potential conflicts — like a publicly listed headcount that shows how much responsibility a manager carries.

UCITS financial

"Includes wrap program accounts, CITs, UMAs, UCITS, private funds"

UCITS is a European regulatory standard for pooled investment funds that sets common rules on how they are run, what they can invest in, and how they protect individual investors. Think of it like a certified recipe and passport for retail funds: it assures basic safeguards such as diversification, liquidity and clear reporting, which helps investors compare options, reduces risk of surprise practices, and makes funds easier to buy across borders.

Alternative Investments financial

"Alternative Investments | | | | 3,127 | | | | | 3,033"

Alternative investments are assets outside traditional stocks, bonds and cash, such as real estate, private equity, hedge funds, commodities, collectibles, and venture capital. They matter to investors because they can provide different sources of return and risk, like adding a new flavor to a meal, helping diversify a portfolio, potentially smoothing volatility or boosting long-term returns when conventional markets struggle.

Understanding 8-K Material Events →

0001570827false00015708272026-05-122026-05-12

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

May 12, 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 May 12, 2026, Victory Capital Holdings, Inc., (the “Company”) issued a press release reporting certain information about the Company’s assets under management (“AUM”) as of April 30, 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 April AUM dated May 12, 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: May 12, 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 April 2026 Total Client Assets

San Antonio, Texas, May 12, 2026 ― Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $329.1 billion, Other Assets of $3.5 billion, and Total Client Assets of $332.6 billion, as of April 30, 2026.

For the month of April, Average Total AUM was $320.4 billion, average Other Assets was $3.4 billion, and average Total Client Assets was $323.8 billion.

Victory Capital Holdings, Inc.

Total Client Assets (unaudited; in millions) 1

			As of:
By Asset Class			April 30, 2026					March 31, 2026
Solutions		$		99,331			$		92,396
Fixed Income				80,439					79,716
U.S. Mid Cap Equity				30,842					29,283
U.S. Small Cap Equity				11,195					10,535
U.S. Large Cap Equity				65,586					59,798
Global / Non-U.S. Equity				34,901					31,473
Alternative Investments				3,127					3,033
Total Long-Term Assets		$		325,422			$		306,235
Money Market / Short Term Assets				3,653					3,599
Total Assets Under Management2		$		329,075			$		309,835
By Vehicle
Mutual Funds3		$		176,967			$		167,775
Separate Accounts and Other Pooled Vehicles4				134,779					125,659
ETFs5				17,330					16,401
Total Assets Under Management		$		329,075			$		309,835
Other Assets6
Institutional		$		3,498			$		3,268
Total Other Assets		$		3,498			$		3,268
Total Client Assets
Total Assets Under Management		$		329,075			$		309,835
Total Other Assets				3,498					3,268
Total Client Assets		$		332,573			$		313,103

By Region
U.S.		$		272,975			$		258,054
Non-U.S.				59,598					55,049
Total Client Assets		$		332,573			$		313,103

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 $332.6 billion in total client assets, as of April 30, 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:

Carly Thomas

Director, Investor Relations and Responsible Business

210-694-9658

cthomas@vcm.com

Media:
Jessica Davila

Director of Global Communications

210-694-9693

Jessica_davila@vcm.com

FAQ

What were Victory Capital (VCTR) total client assets as of April 30, 2026?

Victory Capital reported total client assets of $332.6 billion as of April 30, 2026. This figure combines $329.1 billion in Total Assets Under Management and $3.5 billion in Other Assets across its investment platforms.

How much Assets Under Management did Victory Capital (VCTR) have in April 2026?

Victory Capital reported Total Assets Under Management of $329.1 billion as of April 30, 2026. Average Total AUM for the month of April was $320.4 billion, reflecting the company’s scale across its investment franchises and solutions platform.

How did Victory Capital (VCTR) assets change from March 31 to April 30, 2026?

Total client assets increased from $313.1 billion on March 31, 2026 to $332.6 billion on April 30, 2026. Over the same period, Total Assets Under Management rose from $309.8 billion to $329.1 billion according to the reported tables.

What were Victory Capital (VCTR) U.S. and non-U.S. client assets in April 2026?

As of April 30, 2026, Victory Capital reported $272.975 billion of total client assets in the U.S. and $59.598 billion in non-U.S. regions. Combined, these amounts align with total client assets of approximately $332.6 billion on that date.

How are Victory Capital (VCTR) assets allocated by investment vehicle?

On April 30, 2026, Victory Capital reported AUM of $176.967 billion in mutual funds, $134.779 billion in separate accounts and other pooled vehicles, and $17.330 billion in ETFs. These categories together total $329.1 billion in Assets Under Management.

What are Victory Capital (VCTR) Other Assets and how large are they?

Victory Capital reported $3.5 billion in Other Assets as of April 30, 2026, described as low-fee institutional assets. These assets are included in the firm’s Regulatory Assets Under Management reported in Form ADV Part 1, but are excluded from Total AUM in the tables.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 142.0 KB

Other Documents

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