Victory Capital (NASDAQ: VCTR) lifts total client assets to $327.1B

Rhea-AI Filing Summary

Victory Capital Holdings, Inc. reported that as of February 28, 2026, Total Assets Under Management were $324.0 billion, with Other Assets of $3.1 billion, for Total Client Assets of $327.1 billion. Average Total AUM for February was $322.6 billion, and average Total Client Assets were $325.6 billion.

By asset class, Total Long-Term Assets were $320.3 billion, led by Solutions at $96.1 billion, Fixed Income at $80.8 billion, and U.S. Large Cap Equity at $63.4 billion. By vehicle, Mutual Funds held $176.2 billion, Separate Accounts and Other Pooled Vehicles $131.1 billion, and ETFs $16.7 billion, all contributing to the Total AUM of $324.0 billion.

Total Client Assets increased from $323.2 billion as of January 31, 2026 to $327.1 billion as of February 28, 2026. U.S. client assets were $269.8 billion and Non-U.S. client assets were $57.3 billion at month end.

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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

March 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 March 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 February 28, 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 February AUM dated March 11, 2026.

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

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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: March 11, 2026		By:	/s/ MICHAEL D. POLICARPO
			Name: Michael D. Policarpo
			Title: President, Chief Financial Officer and Chief Administrative Officer

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Exhibit 99.1

News Release

Victory Capital Reports February 2026 Total Client Assets

San Antonio, Texas, March 11, 2026 ― Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $324.0 billion, Other Assets of $3.1 billion, and Total Client Assets of $327.1 billion, as of February 28, 2026.

For the month of February, Average Total AUM was $322.6 billion, average Other Assets was $3.0 billion, and average Total Client Assets was $325.6 billion.

Victory Capital Holdings, Inc.

Total Client Assets (unaudited; in millions) 1

			As of:
By Asset Class			Feb. 28, 2026					Jan. 31, 2026
Solutions		$		96,113			$		94,075
Fixed Income				80,827					80,429
U.S. Mid Cap Equity				31,411					30,863
U.S. Small Cap Equity				11,453					11,416
U.S. Large Cap Equity				63,359					64,340
Global / Non-U.S. Equity				34,176					32,441
Alternative Investments				2,928					2,868
Total Long-Term Assets		$		320,267			$		316,432
Money Market / Short Term Assets				3,752					3,773
Total Assets Under Management2		$		324,019			$		320,205
By Vehicle
Mutual Funds3		$		176,203			$		175,017
Separate Accounts and Other Pooled Vehicles4				131,091					129,213
ETFs5				16,725					15,976
Total Assets Under Management		$		324,019			$		320,205
Other Assets6
Institutional		$		3,083			$		2,976
Total Other Assets		$		3,083			$		2,976
Total Client Assets
Total Assets Under Management		$		324,019			$		320,205
Total Other Assets				3,083					2,976
Total Client Assets		$		327,103			$		323,181

By Region
U.S.		$		269,771			$		266,847
Non-U.S.				57,332					56,334
Total Client Assets		$		327,103			$		323,181

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 $327.1 billion in total client assets, as of February 28, 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 client assets did Victory Capital (VCTR) report for February 2026?

Victory Capital reported Total Client Assets of $327.1 billion as of February 28, 2026. This figure combines $324.0 billion in Total Assets Under Management and $3.1 billion in Other Assets across its franchises and solutions platform.

How did Victory Capital’s (VCTR) assets under management change from January to February 2026?

Victory Capital’s Total AUM rose from $320.2 billion on January 31, 2026 to $324.0 billion on February 28, 2026. Total Client Assets increased from $323.2 billion to $327.1 billion over the same period, reflecting higher balances across multiple asset classes.

Which asset classes are largest in Victory Capital’s (VCTR) February 2026 AUM mix?

Victory Capital’s largest February 2026 asset classes were Solutions at $96.1 billion, Fixed Income at $80.8 billion, and U.S. Large Cap Equity at $63.4 billion. Total Long-Term Assets reached $320.3 billion across its traditional and alternative investment strategies.

How are Victory Capital’s (VCTR) February 2026 assets distributed by investment vehicle?

As of February 28, 2026, Victory Capital managed $176.2 billion in Mutual Funds, $131.1 billion in Separate Accounts and Other Pooled Vehicles, and $16.7 billion in ETFs. Together these vehicles make up the $324.0 billion in Total Assets Under Management.

What portion of Victory Capital’s (VCTR) February 2026 client assets are U.S. versus non-U.S.?

Victory Capital reported $269.8 billion of Total Client Assets from U.S. investors and $57.3 billion from Non-U.S. investors as of February 28, 2026. Combined, these regional totals match the firm’s $327.1 billion in Total Client Assets.

What were Victory Capital’s (VCTR) average client assets during February 2026?

During February 2026, Victory Capital’s average Total AUM was $322.6 billion, and average Total Client Assets were $325.6 billion. These averages reflect intra-month balances across asset classes, vehicles, and regions, complementing the month-end levels disclosed by the company.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 141.9 KB

Other Documents

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