Victory Capital Holdings, Inc. is an asset management company operating in the United States and internationally. It provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. The company offers a range of investment products, including mutual funds, exchange traded funds, institutional separate accounts, variable insurance products, alternative investments, private closed-end funds, and a 529 education savings plan, as well as third-party investment products and various pooled vehicles. It also provides investment management, fund administration, fund transfer agent, and fund distribution services. Incorporated in 2013, the company is based in San Antonio, Texas.
Victory Capital ETF Assets Rise to $23.474 Billion at August-End
Victory Capital Holdings reported that assets under management reached $356.469 billion at August-end, up from $345.117 billion at July-end, with exchange-traded fund assets climbing to $23.474 billion from $20.889 billion. The $2.585 billion ETF increase accounted for roughly 23% of the total asset increase, lifting ETFs to approximately 6.6% of managed assets, implying monthly growth of about 3.3% in total assets under management and 12.4% in ETFs. The August update provides asset balances without separating net client flows from investment performance, though earlier disclosures showed $2.5 billion in ETF net client inflows during the first half of 2026, below the $4.115 billion recorded a year earlier. Victory Capital reported second-quarter revenue of $435.4 million and a GAAP operating margin of 44.5%, while AUM revenue realization was 47.9 basis points in the second quarter versus 49.4 basis points a year earlier. Insider Monkey's database showed 27 hedge funds holding the stock at the end of 2Q2026, down from 29 funds three months earlier.
VCTR · Capital · Positive Victory Capital's AUM rose to $356.469B at August-end from $345.117B, with ETF assets climbing to $23.474B, a financial/asset-growth event for the firm.
Assets Under Management at Ten Major US Asset Managers Rise 2.5% to $8,458.3B in August
Aggregate assets under management at ten major U.S. asset managers rose 2.5% from the prior month to $8,458.3B in August, and were up 14.1% year over year. New York-based WisdomTree posted the biggest month-over-month increase among the ten, with its assets under management rising to roughly $173.7B at the end of August from $163B at the start of the month on $2.1B of net inflows. Atlanta, Georgia-based Invesco increased its August AUM to $2,562.1B, delivering net long-term inflows of $27.6B and money market net inflows of $35.8B, helped by favorable market returns and foreign exchange. Victory Capital saw its August-end AUM rise to $356.5B from $345.1B, with client assets increasing to $360.2B from $348.8B. The benchmark S&P 500 Index was up 2.6% to 7,686.4 points in August, while its accompanying State Street SPDR S&P 500 ETF Trust saw net outflows of $4.6B during the month.
Victory Capital to Buy First Eagle in $7 Billion Deal
Victory Capital Holdings Inc. has agreed to acquire First Eagle Investments in a deal that would bring the combined firm's assets under management to about $571 billion. The San Antonio-based company will pay about $7 billion, including $4 billion in cash and $2 billion in newly issued shares, and will assume $575 million of First Eagle's senior secured notes due in 2032. First Eagle, which manages about $229 billion, will add its $41 billion CLO and alternative credit platform to Victory's multi-asset products, with the combined company expected to generate annual revenue of roughly $3.2 billion and about $280 million in net expense synergies. The deal comes five months after Victory withdrew a nearly $9 billion proposal to acquire Janus Henderson Group Plc. First Eagle will operate on Victory's platform and retain its brand.
VCTR · Capital · Positive Victory Capital acquires First Eagle in a $7 billion deal, expanding AUM and expected synergies.
First Eagle Investment Management · Capital · Positive First Eagle is acquired by Victory Capital, providing liquidity and integration into a larger platform.
JHG · Competition · Negative Victory's acquisition of First Eagle follows its withdrawn bid for Janus Henderson, potentially leaving Janus Henderson without a suitor.
Victory Capital ETF Chief Disposes Shares to Cover Tax on Performance Vesting
Mannik S. Dhillon, president of investment franchises and solutions and head of ETFs for Victory Capital Holdings, disposed of 6,452 shares on August 5 to cover tax liabilities from the vesting of performance-based restricted stock. The vesting was triggered by the Compensation Committee's approval of the first of four stock price performance hurdles established in March 2026. Following the transaction, Dhillon directly holds 307,686 shares valued at approximately $30.76 million and also retains 49,171 derivative securities. Victory Capital's ETF assets climbed 54% over the past year to $23.2 billion, contributing to record quarterly revenue of $435 million.
Victory Capital EVP Thomas Sipp Reports Tax-Related Disposition of 18,177 Shares
Thomas Michael Sipp, executive vice president of Victory Capital Holdings, reported a non-discretionary disposition of 18,177 shares at $99.97 per share, totaling $1.8 million, according to an SEC filing. The shares were withheld to satisfy tax obligations from the August 5 vesting of performance-based restricted stock, and Sipp continues to hold 123,000 derivative securities. The vesting was triggered by the stock clearing the first of four price hurdles, with shares up 44% over the prior 12 months and closing at $106.79 on August 6. Victory Capital recently posted record quarterly revenue of $435 million and $4.2 billion in net long-term inflows.
Victory Capital CEO's Stock Vested After Shares Hit Performance Target
Victory Capital Holdings CEO David Craig Brown sold 58,056 shares worth $5.8 million to cover tax withholding after performance-based restricted stock units vested when the company's stock price cleared the first of four hurdles in its equity plan. The vesting was triggered by a 44% share price gain, and Brown still directly holds 2.4 million shares plus 442,586 derivative securities tied to future performance targets. The company recently reported record second-quarter results with revenue up 24% to $435 million, total client assets of $346 billion, and record net long-term inflows of $4.2 billion. Four other executives also had shares vest on the same day due to the same stock price target being met.
VCTR · Capital · Positive CEO's performance-based RSUs vested after stock hit target, reflecting strong performance; company reported record Q2 results with revenue up 24% and record inflows.
Victory Capital Holdings beats Q2 estimates with earnings of $2.21 per share
Victory Capital Holdings reported second-quarter earnings of $2.21 per share, beating the Zacks Consensus Estimate of $1.81 per share by 22.1%. Revenue came in at $435.36 million, surpassing the consensus estimate by 12.82% and up from $351.21 million a year ago. The company has now exceeded consensus EPS estimates in each of the last four quarters. Shares have gained about 62.7% year to date, compared with a 13% rise in the S&P 500.
Aggregate AUM at ten major US asset managers rises 0.3% in June despite market losses
Aggregate assets under management at ten major US asset managers grew 0.3% month-over-month to $8,280.0 billion in June, even as the S&P 500 fell 1.07% to 7,499.00 points. The year-over-year increase was 15.1%. WisdomTree saw the largest decline among the group, with its month-end AUM dropping 4.28% to $160.9 billion, driven by net outflows in a risk-off macro environment. Victory Capital recorded the biggest sequential gain, with AUM rising 1.06% to $342.5 billion, supported by growth in its Separate Accounts and Other Pooled Vehicles segment and ETFs unit, partially offset by a modest decrease in its Mutual Funds division.
VCTR · Capital · Positive Victory Capital recorded the biggest sequential AUM gain (1.06%) among the group, supported by growth in Separate Accounts and ETFs.
WT · Capital · Negative WisdomTree saw the largest AUM decline (4.28%) due to net outflows in a risk-off macro environment.
Janus Henderson wins regulatory approval for take-private deal
Janus Henderson Group has obtained the regulatory clearances and client approvals needed for its planned take-private deal with Trian Fund Management and General Catalyst Group Management. The approvals move the transaction closer to completion after shareholders had already voted in favour of the proposal, with the deal due to complete on 30 June 2026 provided remaining closing conditions are met. Once completed, Janus Henderson will operate as a privately held company and its shares will be delisted from the NYSE, with holders of shares not already owned or controlled by Trian receiving $52 a share in cash. The revised cash consideration of $52 per share compares with an earlier proposal of $49 per share and represents a 25% premium above the company's closing share price on 24 October 2025, the day before the original proposal was disclosed publicly. Janus Henderson originally sealed the deal with Trian and General Catalyst in December 2025, and earlier this year Victory Capital withdrew a competing takeover approach after failing to secure the full backing of Janus Henderson's Special Committee.
JHG · Capital · Positive Regulatory and client approvals move take-private deal closer, with shareholders receiving $52/share cash, a 25% premium.
Trian Fund Management, L.P. · Capital · Positive Trian Fund Management is the buyer in the take-private deal, moving closer to completion.
VCTR · Competition · Negative Victory Capital withdrew its competing takeover approach after failing to secure full backing of Janus Henderson's Special Committee.
VictoryShares pulls in $2.6 billion in a single day
VictoryShares gathered $2.6 billion in net flows on June 18, 2026, the largest single-day haul among U.S. ETF brands. The inflow represented 10.45% of the brand’s total assets under management, which stood at $25.5 billion. iShares led all brands in absolute dollar flows with $31.1 billion, while Vanguard remained the largest brand by assets at $4.58 trillion. Among issuers, Victory Capital also recorded the same $2.6 billion inflow, matching the brand-level figure.
United States